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News & Articles By JD Heyes
03/15/2023
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By JD Heyes
Fallout from SVB collapse spreads around the world as global economic system teeters
The financial fallout from the collapse of Silicon Valley Bank late last week is now reverberating around the world, putting the global economy at risk of collapse. Startup founders in California’s Bay Area are growing increasingly anxious about their ability to secure funding and pay employees. The contagion fears have spread to countries such as Canada, […]
03/15/2023
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By JD Heyes
It begins: Bank bailouts start after huge financial institutions start to fail due to woke mismanagement
On Sunday, following the Friday collapse of Silicon Valley Bank in California, Treasury Secretary Janet Yellen claimed on national TV that the Biden regime wasn’t going to “bail out” the bank or any others that failed subsequently. It was a lie because that’s all this administration does is lie. According to The Wall Street Journal on […]
03/14/2023
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By JD Heyes
Failed Silicon Valley Bank paid out bonuses to staffer HOURS before it collapsed as Biden talked about possible bailout
Most Americans alive today remember the “Great Recession” of 2007-08 and know just how close the country came to total economic collapse, thanks to bad banking business practices. In the aftermath of that near-disaster, Democrats passed legislation they claimed would prevent any similar incidents in the future. Sen. Elizabeth Warren (D-Mass.) stumped for and got […]
03/14/2023
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By JD Heyes
Stablecoin USDC busts through dollar peg as its cryptocurrency at risk of losing billions in SVB collapse
The collapse of Silicon Valley Bank in California is continuing to have negative reverberations throughout the economy and across the finance and tech worlds. Circle, a US-based cryptocurrency firm, announced over the weekend that nearly 8 percent of its $40 billion reserves were tied up with SVB. As a result, the value of Circle’s stablecoin, […]
03/14/2023
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By JD Heyes
Stocks in multiple banks tank after collapse of SVB, leading to several halts in trading
Following the collapse of Silicon Valley Bank on Friday and the government’s move to quickly take it over, on Monday the stocks of several other banks began to take such a beating that officials halted trading in their shares several times. Bank shares experienced a decline, with First Republic Bank leading the way, despite regulators taking […]
03/14/2023
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By JD Heyes
Federal regulators close ANOTHER major crypto-centric bank over fears of imminent collapse
Whatever is going on in the banking and financial sector over the past several days, things appear to be getting more dire, not less. In an effort to prevent the banking crisis from spreading, New York state regulators closed down Signature Bank, a major lender in the cryptocurrency industry, on Sunday, according to a report […]
03/13/2023
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By JD Heyes
Silicon Valley Bank collapse biggest since Great Recession as FDIC promises to cover ALL deposits, not just first $250K (UPDATED)
The demise of Silicon Valley Bank is the second-largest bank collapse in the history of the United States. The bank’s collapse on Friday has sparked concerns among customers who risk losing deposits worth tens of billions of dollars. The failure of the bank is only surpassed by the collapse of Washington Mutual in 2008. When […]
03/12/2023
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By JD Heyes
Big banks starting to collapse as financial experts warn more fallout is coming
The global financial system has been teetering on the brink of collapse for a couple of years now, thanks to the stupidity of lockdowns and business closures during the COVID-19 pandemic. But now the system is really in trouble as other factors like war, inflation, and ongoing supply chain issues put even more pressure on already […]
03/10/2023
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By JD Heyes
Biden’s destructive Russia sanctions are destroying decades-long dominance of dollar as world’s reserve currency; collapse will follow
Former Defense Secretary Roberts Gates has famously said on more than one occasion that though he liked Joe Biden personally, Biden has been wrong on every major foreign policy issue throughout his entire half-century political career. And he and his handlers are handling the war between Russia and Ukraine exactly the wrong way as well. […]
03/01/2023
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By JD Heyes
Bankruptcy filings in U.S. surge at fastest pace since 2009 as Bidenflation continues to ravage Americans, businesses
Bankruptcy filings across the United States have surged to their highest level since the last time we had a Democratic president — Barack Obama in 2009. For the past year, the Biden administration and the Federal Reserve have been struggling to combat runaway inflation and the resulting wage-price spiral without causing a recession. However, based […]
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