Bank Failure in the Heart of Critproglandia

No thread on the bank collapse(s)?

I hope Fat Patrisse has her money in her mattress!

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Come on Brandon!

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It’s political now.

Two of them

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Things look a lot like 2008, or even 1928. lol

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The American people seem to have forgotten the evils connected to paper money and why our founders forbid bank notes of any kind being made a legal tender.

JWK

“Of all the contrivances for cheating the laboring class of mankind, none have been more effectual than that which deludes them with paper money. This is the most effectual of inventions to fertilize the rich man’s field by the sweat of the poor man’s brow.”_____ Daniel Webster.

How about the Mississippi Bubble and John Law?

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JWK

“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered.” ___ Author unknown

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Organic inrellectual economists are strangely silent.

Let California bail them out. 3Rd lArGeSt gDp in dA woRl!

Newsom’s got reparations money laying around…

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Billions for Bankers–Debts for the People, by Sheldon Emry, offers a very interesting perspective on the evils and treachery attached to a paper money system forced upon the people by their government without their consent.

JWK

“This [Federal Reserve Act] establishes the most gigantic trust on earth. When the President [Wilson} signs this bill, the invisible government of the monetary power will be legalized…the worst legislative crime of the ages is perpetrated by this banking and currency bill”— Charles A. Lindbergh, Sr. , 1913

Build Back Banking Better!

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More like “let’s go Brandon” since it’s idiot Biden and his radical, lunacy policies that caused this crash. This bank was following the woke, environmental policies of Biden with it’s regulations and requirement to supplement alternative energy & those execs are Bidens scapegoats (along with Trump of course :roll_eyes:)

Go woke go broke!!

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… and to hire people based on check boxes rather than competency.

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Yep “equity” at work. :roll_eyes:

It gets even better.

SVB’s board of directors featured the best and brightest of liberals.

Even Gavin Newsome (Gov of California) was tied to that bank. All while he was shilling for a federal bailout.

SVB is truly the gift that keeps on giving! :rofl:

This is really going to leave a mark.

SVB was heavily invested in ‘clean tech’ industries.

The biggest ESG bank is now gone! Lots of tears for libs right about now.

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They had no Chief Risk Officer from April 2022 through Jan 2023.

But they were faithful donors to BLM.

And what are crits focused on as the house of cards collapses?

They surely are not focused on the treachery and evil allowed under a paper money system.

In one of my old history books published in the 1800’s I saw a reference to the term “wildcat” used in reference to “wildcat banking”. The reference descried how people put their gold and silver coins into a bank for convenience, who were then issued “bank notes” in their place. But a problem sometimes occurred. A thieving owner of a bank waited for his bank’s safe to be filled with gold and silver coins, and when the town’s people were asleep, the owner would pack up the gold and silver coins and leave town, and one had to be a “wildcat” to get their money back.

JWK

When Federal Reserve Notes were made a legal tender in violation of our Constitution, and a direct un-apportioned tax was imposed upon the people without their consent, America’s free enterprise, free market system was subjugated, and the tools of oppression and thievery were made available to some very immoral and nefariously evil people.

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Was Signature Bank one of the woke banks that closed Trump’s accounts?