The bailouts have begun.
“FDIC Creates a Deposit Insurance National Bank of Santa Clara to Protect Insured Depositors of Silicon Valley Bank”
Discussion
This is not 2008 anymore.
This is the everything bubble.
This is a sovereign debt crisis.
Bailouts won’t, and can’t fix this.
Only #Bitcoin fixes this.
#[1]
Agreed. But, they try…that’s when it will get interesting.
🎯…..everything bubble.
Are there any normal folk banked at SVB? Or is it just a bunch of venture capitalist companies with shit ton of money?
I know a few small business owners personally who have funds at this bank.
Not the depositors fault. It is the fault of the fiat system itself that SVB has failed
I'm sure we will hear nothing from DC about instability in the regular financial system...
“Everything’s fine, Jack. Greatest economy in history.”
