Twitter Roundup On The SVB Failure
It’s going to be fascinating to see what the fallout from the Silicon Valley Bank will look like. So far there hasn’t been too much in the way of commentary—at least not that I’ve seen. One major point has to be this: Some major bank failure has probably been a foregone conclusion since Jay Powell began his regimen of interest rate hikes. This can’t come as some big surprise to Powell, and it can’t help but be highly alarming for the Zhou regime.
The threatened collapse of NATO as a result of war on Russia (and China), the continuing advance of alternative economic, monetary, and military alliances outside the control the collective West (Iran, and the defection of Saudi Arabia from the West), and now with all those other threats to dollar dominance we see a major shock to the US banking system—one disaster after another. But to repeat: Powell embarked on this road with his eyes wide open. Will he buckle to pressure at this point? Time will tell. Much will depend on how manageable this failure is but, one way or another, it’s difficult to imagine that these developments will not impact the war effort.
In the meantime, here’s some food for thought from Twitter:
The "20's" are shaping up to be a very momentous decade.
Covid scam, election scams, NATO vs Russia (via UKraine) resulting in shifting world alliances and polarity, and the as predicted financial collapse or "crazy wild restructuring" (depending on how burnt you get by that).
Someone suggested Elon should buy it. What are the pros and cons?