
© NBC News Screenshot
The overnight collapse of SVB, (Silicon Valley Bank), has certainly got everyone's attention, but is this really any surprise at all?
Absolutely not.The collapse of SVB is just a symptom of the current worldwide economic freefall being deliberately fostered by central banks.
If you are at all familiar with any of my work or have paid attention to the many articles I have written for the Trends Journal, then you are already keenly aware that right now today
the entire financial system is breaking down... and this is NOT any accident. (We are in the early stages of a deliberate systemic failure).Today the world economy is in an accelerating freefall, teetering on a knifes edge, being deliberately pushed off the financial cliff by central banks who are collectively attempting to crush the existing system only to issue in a new one.
Roughly 8 months ago, I began to warn those who follow my work on YouTube, (check out my older videos), that the banks are in trouble. It just became too obvious, and the current situation with the banks comes down to just THREE things:
no deposits, no loans, and no deals.In truth, it's NOT the banks who are in trouble, but as always-We the People. Just some of the fallout from the SVB collapse is this; depositors with more than the government $250K FDIC insurance will never be made whole, and nor will the shareholders, who were just up until a few days ago being told that everything with the bank was sound. Not to mention the throngs of people who just became unemployed. The greatest threat? The collapse of smaller/regional banks will allow the MEGA banks to consolidate power.
And where were the banking regulators in all this?
How did they not see this coming?
Comment: Wales also announced back in December it would have to scale back its support to Ukrainian refugees, which included laundry servicing and vet bills; luxuries the local themselves can sorely afford.