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.
TechiDude · March 23, 2023 at 7:55 am
We’re in the loot the treasury phase of an empire imploding.
What’s galling is they don’t seem to care to hide their grift anymore.
Every time I think, they can’t be that stupid they must be doing this on purpose I find they can, in fact, be that stupid.
They are stupid and evil.
The Long March · March 23, 2023 at 9:57 am
Downloaded the Fednow promo videos from October 2021 last night and Brandon signed the CBDC order this time last year.
Dullards and dupes never question how “solutions” that were already waiting in a drawer somewhere just magically pop up.
Christopher · March 23, 2023 at 11:13 am
It seems to me very likely it’s on purpose. I don’t think it’s so much about destruction as it is consolidation. If there is capital flight to a few large banks only it makes CBDC much easier to implement. This would be not unlike going after small businesses to consolidate production and therefore regulation into a few hands as possible. I’m thinking COVID shutdowns here.
Daniel K Day · March 23, 2023 at 12:27 pm
Shades of FDR’s administration ordering regstered Republican farmers in the midwest to slaughter their flocks, in order to reduce the food supply to keep commodity prices high, while registered Democrat farmers sent their goods to market.
anonymous coward · March 23, 2023 at 5:02 pm
I saw a couple of days ago, Xi got 2,952 to 0 votes for a third term.
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