Two days ago, I was worried that Biden was nationalizing the banks. Nope. The reality is even worse. The Biden administration is only ensuring that depositors who support the Democrats are being bailed out. The rest of America can just fuck right off, as far as this administration is concerned. Janet Yellen announced that the Treasury will NOT be bailing out large depositors in any banks that collapse in the future. This is causing a MASSIVE run on small and mid sized banks as depositors rush to get their money out and into larger banks like Chase, BoA, and Wells Fargo, while simultaneously causing stock holders in the banking industry to sell their holdings like they are worthless, which they soon will be. What you are seeing is the early stages of the destruction of the US banking sector.
What makes this even scarier is when you ask yourself why they are doing this? It’s almost like it is deliberate, and it’s also as if the Democrats aren’t worried about consequences. The last time the Democrats acted so unconcerned, they stole the 2020 election.
Even scarier is that it’s happening everywhere, not just the USA.