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Silicon Valley Bank SVB Fails, "This Could Be The Big One", Bob Moriarty - video 28 m Moriarty

Posted By: GeorgeEaton
Date: Saturday, 11-Mar-2023 23:59:18
www.rumormill.news/218877

https://youtu.be/9UxZ5l0G9j4?t=77

The Silicon Valley Bank failure is the second largest bank to fall in US history. SVB was in the top 20 largest commercial banks in the US. Its collapse is likely to create a contagion that takes down the entire financial system, says Bob Moriarty, Marine, Naval Aviator, and financial author. "This could be the big one." And he explains how the Silvergate's failure and problems in the cryptocurrency sphere are connected.

1:15 Silicon Valley Bank
5:46 Contagion
11:30 FDIC insurance
14:32 Stock accounts
17:50 Government's response
21:17 Cryptocurrency contagion
24:25 Moriarty online


26:49 Miles Franklin

youtube comment:
If the government does something to bail out these banks the dollar will be worthless. If the government does nothing the markets will implode. In other words we are screwed.

My comments:
I am searching for news items, but they seem to have dried up for the time being. We may not have anything new to learn until tomorrow or Monday at the latest.

For now the bad situation remains "bad", and could get worse as panic kicks in. But this is only a possibility and not an absolute at this time.

The situation has several possible scenarios. My guess is that the situation will land between "very bad" and "the worst" - sometime in the first few days of this week. IMO the fed could get a handle on this if they make the right moves as they did in 2008.
But for many reasons due to this Biden regime and the ultra liberals in charge, I seriously question whether saner heads will prevail. IMO they have created this debacle because of their insane policies in the first place. And, there is no evidence of them reversing course. I hope I'm wrong.

In the meantime, the war hot spots are still ready to go and they are on a short fuse. Israel and the US could attack Iran at any time. Or, a false flag of some kind could take place between Nato and Russia.
Today the US sent a B-52 right within a "meter" of Russian territory - tempting Russia to shoot it down, and that would have launched a nuclear war into the early stages. The B52 carries several of the B-61 nukes that have a 450 kiloton punch. That is 30 times more powerful than the bomb dropped on Hiroshima.

Fortunately Putin didn't allow his air force to confront the heavy bomber. This is insanity. War is on a hair trigger.

Right now at this late hour on a Saturday it is not easy to get competent information on the banking meltdown. It is a rather complex issue because these two banks that went down were not the first. A few weeks ago when the FTX scandal erupted, that collapsed a finance house and crypto coins. These other banks are also tied in with Digital coins, especially Stablecoin. It is supposed to be tied directly to the US dollar to make it "stable" and far from wild fluctuations. However, it has been selling for as low as .87 cents today, which is below what it is supposed to be worth!

Once the investors in these two banks saw danger signs they made a huge run on the banks in excess of $40 billion. The stock market price on those bank shares plummeted to worthless levels, and that is when the feds stepped in and seized the banks, saying they were insolvent. Basically saying their market value was below their assets.
The collapse of the FTX scandal in Florida weeks ago, caused this collapse situation to become a panic. And the panic will continue on steroids Monday morning, if not sooner.

It would not surprise me if the feds make some moves Sunday or early Monday morning to stall a major panic that would spread to other banks and to Wall street. The Feds could announce a bank holiday, or limit withdrawals to lower amounts. However, I say they "could" make moves, but whether they will or not, IMO is doubtful. Why? Because they are arrogant and stupid, which is a bad combination.
So that's where things stand now. We wait, and get the popcorn ready. George Eaton




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