INVESTIGATING WHAT HAPPENED to SVB BANK!

2023-03-13
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stand ready to attention what the fuck is is god damn low energy god damned chat
it's been a goddamn day
since i've seen you guys
i want to see some fucg and energy in this chad we're going to be investigating what the fuck does happen to the s p b bank and oh my god it' is the rok it's happening it's happening is the end of the world honestly and honesty it's really worth investigation
threw a little look into this
i haven't fully even done it yet by the way but i've already read what michael udson had say about it sounds convincing
we're going to investigate closer
and i'm going to specifically use this as a teachable moment as an opportunity
to explain
why it proves that baristose are not workers just kidding but i think it's kind of related
actually
i think it may be related to the barista discourse
and i'm going to bring this back to the debristas because they don't get enough shiit from us
to be honest
it's by bank you guys don't know what this was
the largest or one of the most prominent silicon valley banks
which served as a investment bank for start ups
experienced a bank run if you don't want a bank run as everyone was taking out their deposits from that bank
overwhelming the bank to the point of collapse
and the people can't get their money back who had deposits in that bank
i'm going to basically give you a rundown about why that happened
and it's starting to have ripple effects on the wider economy in the united states now
to be fair
i'll be fair about something
i have been predicting a collapse of the u s economy
for years now
i remember it was twenty twenty one
and i was saying the same thing and i thought it was going to happen then
and it hasn't happened
so i i know i kind of just started to be like you know what i don't know what's going on is this thing on is the mike on or
what's going on because we've been predicting this collapse for a very long time
and it seems like maybe this is now where it's happening but i could be wrong
i could be wrong
but michael hudson thinks so he thinks this is the beginning of unraveling the system created
after the two thousand and eight financial crash
n i think i had a bet with destiny running
that was two years
it was or it was five years
i said there's going to be an economic collapse
within the next few years
some kind
and he's like no it's not going to happen
maybe this is what vindicates me i don't know i don't want to get to cocky
before i get into that i want to tell you guys on my day
so
today i woke up
and me a nota
watched
hooses in boots
the movie puts in boots
and
i don't have a fucking analysis of put some boots
you guys think i was about to do a fucking analysis of puss and boots i don't have one
i don't have one at all
actually think it's somewhat of a
interesting movie
i could actually have analysis of puss and boots if i wanted to
but i'm not going to do that
but i thought
what a cute wholesome movie if i had a child if i had a son or a daughter
i would
watch that movie with them
but
the ending
shrek is coming back
and that's what i was excited for
because they were on the sailboat
and they were sailing to shrekland
so shreke is coming back
and as a person who identifies greatly with trek in many regards
as a person who admires what shrek is all about and shrek's whole
you know strike is like the mr krabbs
ofh
that universe
so that's just a nice thing about my day you know that i was watching pusts and boots and had a great time
but the thing that's important is what's going on at this v n i got to update you guys on a few things
before we get into it ok
first thing i want up to you you on thank you so much j appreciate man
i disagree
i believe this is a crackdown on ckrypto in a bid to save usd geminy
but i guess we'll see
it will be interesting
collapse can i agree i think collapse can also take the form
oh
you know uh uh uh uh
system transition
some kind
i have more to say on it but
i want to up toate you guys on a few things
so
the the russian guys who did the interview with me they got back to me was a text interview
about forty pages long
and they said they're going to post it either today or tomorrow that's what they told me
it should be up either today or tomorrow
but i have some
bad slash good news and i just want to give you guys the heads up
but sank you so much mag it offi comrade sre
thanks much by gk i have a i have some good slash bad news for you right now
and i want to give you a heads up
ok
so
this stream cannot last that long
because at eleven pm eastern time
i am going to be getting interviewed live
by
a certain
foreign
news outfit
which i'm not going to
i'm not going to spoil it
or tell you which one it is but it's a
foreign
news outfit
and if red libs found out i was getting interviewed by them they would get extremely upset
it would really upset them
ok
so i'm going to be doing that kind of interview it's and no it's not artie i've never
i haven't done it before
it's not our t it's not our t
ank
but um i don't know if it's going to be an official interview but i am going to be talking to them at eleven
ok
so i can't stream that late
and i wanted to stream earlier a lot of things happen i a lot of things happen i
i have a i have an excuse i always have a good excuse i don't just do it for no reason ok
noter thing
i am in the works with some elite
infrared
visionaries right
and we are designing the logo
for our
para communist party
and
it's
already looking really good
to be honestly so much the king
redacted made a good point earlier that this s p p scandal is paving the way to centralize yeah toah that's the point i carolson made and trust me i'm going to get all into that
the logo is being created
and alongside discussions
about
what kind of technology
this is going to take because
the number one thing
we're going to establish we need two protocols
as soon as we finish this
i'm going to announce a date for an in person event
if under the condition i want to get at least
seventy five people at the event in person if that is possible i don't know
we i'm going to be kickstarting the organization
but the two things we need all nail down is a verification system
and a system to prevent impersons inperson
impersonation
ok
and that might rely on some kind of cryptographic signature technology but if any of you are savvy when it comes to the block chain technology
or cryptographic signatures
or some kind of way to create
a public system of verification and unique
generation of unique identities
please d m me and i will add you to this group
and you can
greatly accelerate the process by which we roll out
this organization
beuse i haven't even told you the name yet
and that's how fucking parentoid i am about it
but i want i am
i'm working on it almost every day
and i'm also workingu with ali baba
on hats
and getting hats and shit
the merch because it's going to be heavily tied to it
so there's some a lot a lot of updates going on i don't know where i would hold the event exactly it
i'm thinking uh
somewhere in the heart of america maybe chicago
maybe detroit
and i
and that way i don't even have to take a plane i don't know i don't knowhere i'm going to hold the event
so these are this is what's in the works right now
that's why i didn't scream yesterday
i want to i want to be straight up why didn't i scream yesterday i was going to
and nadia was too she got ready to scream
because i spent like a few hours
with
some infrared visionary guys and ot they were just
we were just
thinking about designing the logo and they were like they had the illustrator was i going to do this do this is what does this look like
so that's pretty much wid in stream yesterday it's for that logo right
i promise you guys this is going to be fucking game changing
l like long past the days are we just going to exclusively be bitching about joe sims and aran
we are launching our own
organization not
see it's complicated right
it's going to be the communist party we want to see
the goal of the organization is to build the party
so we're not going to say oh we're the communist party
but we're also saying we are the communist party it's dialectics right
the purpose of the organization i'm launching
is to build
a communist party
movement
by twenty thirty six
so our goal is the twenty thirty six
communist part of usa rebuilt and reconstituted
with
you know hundreds of thousands of people
that's what we're dreaming of
we're dreaming of a ten year plan
where we are going to create
a political movement with hundreds of thousands of active members
and something long lasting
so the goal is not to become president the goal is to build the movement to build the party
gka
so that's what we're headed for and that's what we're doing
and this is going to be on the way soon and we're going to
once this fucking ball gets i mean this is what i care i care about this than you so much beyon redact i have become infraredhilled
keep up the good work thanks so much reacted appreciate your brother thanks so much
i
so i'm not even really focused that much thank you so much chris sam
us why don't you have short videos and clips for new recruits because right now i'm not
focusing that much on the channel is as i should be at least
and on content
because i'm kind of focusing on this organization that i want to launch because this is really what's going to get the ball rolling i don't want to be a political react streamer forever i don't want to be like hassan
i don't want to be like vash and all these people where i'm just like here to react to events
i want to actively
participate
in creating something and building something
i am sick of being disappointed of what's going on in the c p usa
and i'm also sick of how they're postponing elections and doing all this fuck and nonsense
so i am ready for us to take it to the next fucking level
and i'm ready to start reacting to content
that i have an active involvement in creating in the first place like
i'm going to be here as the news guy i'm going to be covering what our organization is doing
i'm going to be giving it all of its attention it's going to be a beautiful seamless
unprecedented system ky we are going to utilize the highest forms
of information technology
a block chain technology possibly even ai down the road right
and we're going to use that to augment a cutting edge
twenty first century
political organization
it's not just going to be futuristic aesthetically it's going to be a technologically
organizationally
advanced future oriented kind of organization that's what we're here for k
i am so sick of these backwards looking funking people we're taking politics and political organizations to the next falking level
and i think
something big is going to come of it i'm so so confident that this is the next level because guys there's only for so it's only go it's only for so long
that i could be a guy in front of a camera dancing around
at a certain point you've got to get to the point where you're just like all right
let's actually start
you know getting the ball fuck and rolling right
i i don't want to just what am i going to open the camera and just tell you all we're fucked i'm going to be just i'm not hassan i don't want to be like hassan
i want to get the fucking ball rolling
and
guys
look at me
just look at me
look at me if you were a archaeologist
and an anthropologist
trying to look through human remains
and you saw me
and i'm just sitting there
do i look like a fucking actor to you do i just look like a guy
who sits on camera
i look like the fucking guy who should be in the battle right
i look like a guy who should be on the ground
in the fuckin heat of battle right
i love streaming and i love doing this
but we need to add something because i've got to a point
and i don't want to jinx myself
but
i am starting to have some disposable capital
i've saved up over the past two years a decent amount
so where i can feel comfortable
starting to put it into something bigger like
you guys
i've gotten to a point you guys pay for my bills you guys pay for
my subsistence my ability to do the streaming
and now i have some extra
where i can kind of feel comfortably like i
i'm not talking about too much either it's really not too much
but i'm willing to now take the risk because it's been years and years
and we've built up this
machine
and now for example that's why i'm doing
the merch stuff the merch stuff isn't fucking cheap
ok
i just paid like
eighty five dollars for a sample
just right now just tonight gay
but i have the se
that's where all your donations went to like i have the ability and the camera shit
but now i have the fucking ability to do shit like that
and that's thanks to you guys right
the war chest
and i'm so excited because
we at least we could know where we are right now right
we are not
saying we're going to create a party from scratch we're just saying
we are going to build the backbone and the skeleton and the prerequisites
for a real functioning party
and that's what i'm so fucking excited for
we are going to build
the backbone
of c p usa two point zero
but for those of you who are still in the c p sa stay there
stay there and continue your tkya
but for those of you who have been expelled
and for those of you who have zero chance whatsoever of acquiring any leadership
or any key positions in the party
this is going to be for you
ok
so
i'm excited for this
and it may fail
but if this fails we'll learn from it
at the very least and we'll get some good merch along the way right
this initiative may fail though than you so much ory the war chat thanks so much over appreciate you so much man
this may very well fail right
but we have to try we have to keep trying
and guys it's going to be the backbone
of an organization
it's not going to be the party itself it's going to be the backbone of one right
going to primarily be
and it's also going to be a decentralized way of generating
content creation
at the ground level right
we're going to make
this infrared vision
we're going to make it our own stylish trendy we're going to make it a fucking way of life people say oh this is a cult
not
but we're worse than a calt thank so much pija anyone here knows javascript or python you can learn solidity and contribute to infrared while making yourselves more hirable in exeture very true thank you so much python
we're going to be more than a cult
we're going to be
a generation
of trensetting tasteful gentlemen
we are going to we're going to be it's a specific
five we're going to have the specific
fashion a specific trend
specific outlook like we're goning to be like
the future of culture
among the politically motivated youth
in this country
and you guys are going to be we're going to make it stylish we're going to make it good we're going to make it
effective we're going to make it impressive
everyone's going to be articulate and well spoken
we're going to have randomized fucking gorillas
in these big places where people are congregating
random ass fucking gorillas this is going to be walkin up
we're going to have goerrillas this can be walking up
and then they're going to be
out in the crowd they're going to be like
excuse me sir
but you are wrong about that
and here is how i will eloquently explain to you the theories
of
what is exactly going on astras astrophysically
at the cosmological level of the constant
you see sir i'm a well spoken grilla i'm and is you you be trend settter do do it on the side of the street
dodu it on the side of the street
just warriors ability to reach out to anyone go anywhere
you know i mean thank so much violent preciate if i get the infrared loco printed on a hdjob will you see me
no i won't sue you for that why would i s i don't care
i'm going to i'm going to guys
so here's my take i
i'm not i don't
don't take my word for it
so far i'm not going to if it gets fucking ridiculous i will
but i'm i'm more like disney
the reason i don't want you guys to sell my logo and shit
and sell infrared merch
isn't because i don't want you to make money
it's because i want brand design exclusivity because
i want to be able to dictate
or at least oversea
like disney does it's not about money for disney it's about like we don't want
you'd a fucking to picked mickey mouse
doing goatsy or some shit right
that's why disney's so fucking like
uptight about their fuckin
a brand
copyright enforcement like
they don't want somebody taking mickey mouse
and have him twork or some they don't want somebody taking mickey mouse
and have him like you know ah
chillen with burger king and ronald mcdonald like they don't want that ship right they want mickey mouse to be a specific
so it's kind of like that with infrat like i don't want
the the
brand to be misrepresented right
it's not really about the money
ok
it's not really about the money
ok
yeah that's why disney will sue anybody but i'm not that bad i'm just saying like that's how it is for i see it the same way
ok
but the infrared globe is public
it's public fair use
what is it called
what is it called again a it's a common property whatever that fuck is
so i can't i couldn't even enfor i couldn't copyright it if i wanted to i'm just saying in good faith
i
and not a fan of people selling infrared merch although i can't stop it
and i'm not that but heurt about it but it's just like it's not really something i would prefer
people doing
creative comment this exactly but it's like i can't control it so it's whatever
but the real infrared merch you're going to get it from
infrared it's going to be like the of like you don't want some knock offf mickey mouse bolser you want the real
real thing right
and that's
what i'm that's why i'm making the perfect hats two hats
only two
one infrared hat
one modern communism how we're going to start off with only two right
to perfect
hats
ok so that's what i want
i
and um
yeah create a commonce public domain
so that's what we're doing i am super smary heart
in my soul is pocket here i'm so so farket excited for this shit man you guys have no idea where we started from the so much serve i don't live in the united states
do you have any tips for youuroseals pushing the infrared vision but you got to begin with the press you know
you guys you know what
i don't want to get too ahead of myself
i remember
when it was just me and like two other people
years ago
and we were
what aft
what aft
what aft
box sake man
fox e
you tube is not receiving enough video to maintain smooth streaming fuck off you tube
the fokmn
yeah you tube throttles my shit we all know they fuck and do that
they throttled the fuck out of my shit
ok
anyway guys
i remember a time
i want to get too ahead of myself
but it's like
if you just if it's a small f then don't fuck and spam f you stupid fux
if it's a small a don't fuck and spam it
only spam it if after fifteen seconds there's nothing
wait twenty seconds
ok
wait twenty fucking seconds before you start spamming f in my fucking chat
you goddamned fucking idiots who are interrupting the fucking stream for everyone
you fuck in hyena's chill the fuck out
anyway
i remember
ok
i remember
and i don't want to get too aad of myself or too excited
but it's like i remember
back in the day
when it was just three of us years ago
and we were like how do we make the party how do we make an organization
and it's like
i am living my dream now it's like i can finally do this
i've always had good ideas but i've never had the audience
and now i do and it's like fok we could do this now you know we can make this a
a big thing
and that's what makes me so happy that's my
like we could really kickstart something i't we can't i can't just be here on the internet
forever i mean i'm going to always be on the internet
but i can't just only stream forever i gota also
dig something in the ground dig something in the soil right
infrared will net
i can't just report on reality i have to also change reality
we're going to make it fuckin real guys c b u s a twenty fucking thirty six we're going to build our fuckin dream party we're going to build our fucking party
we're going to be able to participate in that historical mission
i have a falk and dream and i falk and believe in it
i fucking believe in this shit
i fuking believe in this shit
and i will dedicate my fucking life
to making this dream happen
my dream
is a
communist party for the working class a moving on hundreds of thousands of fucking people
and i am so excited to start doing it
and no longer do we have to consider
the disgusting decrepit hitler right fascist scumbag
leadership of the current c p was a so called are a twenty two was a main soderman era of infrared
we studied the blade
twenty twenty three is the year infrared starts winning harder than eever that's how it's going to be that's all my mind is focused on
and the stakes have never been fuckin higher
but let me tell you something and this is really important so keep this in mind ok
infrared is first and foremost
before anything else
we
our students
just like the taliban was students
we are the students of marxism leninism
in the american context
what we want to do is promote the study
this is how the cultural revolution started this is how the taliban started
we are just here to promote the study of marxism leninism in america
we want to promote the study of marxism leninism
in america
repeat after me ladies and gentlemen
we want to promote the study of marxism leninism in america
we want to promote and cultivate an interest in the study of marxism leninism
in america
that's primarily what we're fucking here for ok
it's always been about education it's always been about education
and this is just going to be part of it
this is going to just be part of it
and we are not having any cringe associated with this organization we're launching
if we larp it's going to be beautiful tasteful badass larp
otherwise we're not doing it
ok we are going to be tasteful we're not going to be fucking cringe
everything we do all of our public exploits
we'll be things that are interesting things that are commendable and tasteful
for the majority of people
and you guys are going to put into practice your studies
you're going to learn marxism leninism
through this organization and you're also going to put what you learn into practice
and that is probably the most important
part of all
we're not going to be cringe
we're not just going to we're not going to be posturing
okay
we are going to
and you know it's beautiful it's going to be decentralized that's my that's the thing i'm most excited for
i'm so excited to see the creativity
from the community i'm so excited to see were you guys can come up with
i'm so excited to see the things
you can innovate
i mean it's going to be it's going to be decentralized
it's going to be a new form of democratic centralism where
it's going to be partially centralized
but it's going to be like dang jiaoping's reforms like
there is going to be so much room
for experimental creativity it's like all we care about is what works right
so it's like all of the brilliance and ingenuity of people are like all that is going to be p we are going to learn from the cultural revolution den jioping's reforms
we're taking it to the next falcon level
we're taking it to the next fucking level right
even if it's just something is small
as you guys going to a college campus
and doing a change my mind even if it's something as small as that right
even if it's something like
organizing
workers
because their unions are letting them down
so go to the workers
and start talking to the workers bein among the workers recording their grievances that's the most important thing you guys can do too by the way
you guys can go
to the workers
and just start recording their grievances
how have the unions failed you how have they betrayed you
what's going on at your workplace
what's going on in your everyday life
what are what are the things you need in your everyday life
these are the things we're going to report on twenty four seven day we're going to have a central
web site with articles and papers and we're going to be fuckin publishing them
but we are going to get this fucking ball rolling and you guys are going to participate in it
ok
so
i'm so excited for this
i'm excited for this
and this is what i dream about this is what i care about i feel like
infrared's message has gotten out there
it's just that nobody knows what i'm talking about nobody like
nobody knows
what infrared is about because it hasn't become real yet
right
when it becomes real people will start to understand
what this is about right
when it becomes real people will start to understand
k
we're going to do and we're doing mass line two point zero we're going to be doing an ultra sleek futuristic
kind of thing you know
and uh
that's that much is going to be certain
and guys we at this point we are like
we are taking you know we are we are tri soolaris
from the three body problems like
it's been the three body problem
we have been wiped out thousands of times hundreds of times
spanning
i mean tens of millions of years in between these w the grace isn't ready for our long videos
appoint someone to clip your videos and pll do it don't worry to win we'll do it hang on your wrist
don't worry about that man
but thank you so much for the fight we're going to get to that right
but now i want to invest in you guys
right
we're not going to have a dress code just dress with dress i mean
all len if you got drip you got drip if you don't you don't you will be shamed if you like a you show up
to one of these organization
clubs
and you dress is a ridiculous way we're going to have our own version of struggle sessions can be called a drip session
you are going to be roasted
you are going to be interrogated scrutinized and critiqued
and you can be laughed at
and that will bully you into having some fashion sense and some taste
and that's
that's how we're going to do it in the community right
and they're going to upload your fit to the i g g and everyone's going to clown on you
and then
ok you'll be the butt of the joke and then you'll learn
and then you'll learn right
we may create entirely new fashion trends we may have the big soup people
we may all just wear big ass suits and start that new trend we don't know what it's going to look like thank you so much paper when
thank you so much pay one but it's going to make sense it's going to be that you know how we have a
taste you know how we say animes cringe we don't do that we all have a taste in the i g g community
and we're going to like take that to real life
and said we're not we're creating our own subculture we're creating our own subculture
that makes sense and its got its own taste
and it makes sense you know what i mean
but let me tell you all what let me tell you all what ok
mis ap you all what
what the funck was i going to say oh yeah
we are like triceolaris from the three bodied prom
so
hundreds of times
our civilization has gone wiped out
which means i've gotten banned from multiple platforms
multiple times
multiple times
we've been stopped we've been attacked twitter all this bullshit
mall it's just like triy solaars
and it's because the three body problem cannot be solved
the three body problem cannot be solved
and you know what that means that means we are tri solarans we've built our stellar fleet
and we're on our way to earth
where
invasion has already begun it take us four hundred years to get there we don't care
we were already
flying through the stars
the indomitable spirit of trisoleris
will live on
through the cosmos through the heavens we are going to earth we're leaviing the leftist behind we're leaviing them behind we're leaving all these scum bags behind
and we're we have it in our sights right
we've got it in our sights and we're fucking going there
ok
we already on our way
we are trislerens
already on our way
to a new home
that's how we see it guys thank you so much sirve infrared has already changed the game
even in europe a real left is emerging
and they are growing by the day i've heard i've heard and guys
these other leftists they're weak they're weak
we killed their spirit
because they're fucking weak
so we killed the spirit
and they're just tired guys cause every day you guys are with the means on twitter every single day you gy
buggin ron pallbam was a trump trump trump every single day you guys are out here with the means
and their spirit is broken
they can't resist us anymore we're just more energetic
because we actually believe
is fucking blowing the competition out the water
the red libs
so y all y all did youy all wait thirty seconds
did y all wait thirty seconds before deciding
to shit on the stream
and distract me from my message
i hope you waited thirty seconds
i hope you waited thirty seconds
i hope you all waited thirty seconds
because if you didn't i'm banning seventy people
at random
at ran and that reminds you we ought to watch trumps speech
oka
that does remind me we got to watch trump speech
but i will ban the shit out of people at random
for doing stupid shit like that
spamming fs in a goddamn chat when it's uncalled for it's unnecessary and it's not even needed that much
i mean was it really necessary
was it really necessary it wasn't it wasn't it wasn't
ok
oh my god
that you so much crack dealer so let me give you a rundown about this s v b
business finally we're going to get to it all right
because this is really important and we got to know whether or not we're going to be witnessing a financial collapse
and whether it's happening now i
so everybody
put your big brain antennas on
because the stupid
to turn your brain on ok
because this is going to take some thinking to understand
so all you have to really understand for purposes of understanding the s b b thing
ok
take two secondsll right
so s b b is a bank
when you put your money in their bank
ok to hold your money
when you have an account in s v so first of all it's a silicon valley start up investment bank right
and the and so because it's an investment bank
when you put your money in s v b
they're taking your money
and they are buying
bonds they're buying u s treasury bonds right
now what are bonds
so government bonds it's shit you buy
right
and they will doubt they will give out a fixed interest
and this is how some of these investment banks
raise capital
to fund the start ups they get
interest
from the feds by buying up bonds
so this so the um
the s bv bank had a
fok ton of these bonds
right it's pretty standard stuff for banks i jus have to explain to you how it collapsed ok
now here's the problem
as you guys may already know
we are dealing with an inflation crisis
so that means the fed has been raising interest rates
now why is the fed raising the interest rates
the fed is raising the interest rates
because
of inflation
because the cost of goods is just more now right the cost of everything is just more most importantly
the cost of energy
is up
why is the cost of energy up because of the russian ukraine war
and were dealing with a supply chain already aggravated
by the covid crisis well there's a new crisis with russian ukraine war affecting food gas and all the all these other fundamentals
so inflation's up and therefore the interest rate is up
another factor michael hudson is focusing on
is employment
so employment is also up
but wages haven't kept pace
so employment went up
but the wages didn't
follow suit with
sorry you me say
wages haven't followed suit
with the rising in inflation ok
so that's created a lot of demand
from consumers and that demand has also aggravated
the inflation
ok
so this is the situation we're dealing with
this is the situation we're dealing with
we're dealing with a situation
where
you've got the government raising interest and now why is it such a problem the government's raising interest rates
because according to carl sorry
according to michael hudson
since two thousand and eight
the federal government spent
nine trillion dollars
of quantitative easing pumping money into the economy
so lowering the shit out of interest rates
so that people can borrow borrow borrow right
take take take
from banks
that was that's how they offset the crisis of two thousand and eight
and that has
resulted in probably the largest transfer of assets and wealth
to the one percent
in history
gay
it's aggravated
the debt
for the masses
and it has created a situation where
you know
the price of basic assets so
housing especially
has just
went through the fucking roof
right
that's why the housing market has like gone to shit everyone who's telling us
all these explanations of why's the housing market
so inflated why is the housing market inflated and the'll be like oh it's because of zoning laws or they'll say some stupid shit we're like oh it's because it it's not because of zoning laws
it's not even because landlords are greedy
ok
housing prices are up
because of how the government bailed out the banks in two thousand and eight and they fucking gobbled up
housing like no tomorrow they theyg fuck and gobbled it all up
so
that's why
that's why it's because of the quantitative quantitative easing policy
and the fifteen year zero interest rate policy xerx
ok
so that has led to a situation
where ere a lot of things have become inflated not because of demand not because of a
zoning not because of this not because of ym bes or nimbies
or whatever it bees
it's because of this broader macroeconomic policy by the federal reserve federal government
to offset the two thousand and eight financial crisis right
so
so quantitative easing has bolstered the fuck out of banks banks have acquired an incredible new amount of
power
but also leverage in the economy
that has led them that's that's the reason for the housing crisis by the way
in case people aren't
aware of that
ok
so
what does this have to do with s b
so for fifteen years of lowered interest rates
right
i'm going off a michael hudson's analysis right now by the way
it may or may not be true but this is just what michael hudson is saying
so fifteen years
of lowered interest rates
m
has come up against a brick wall of inflation
so inflation has required the fed
to increase
interest rates
for the first time they don't want to do that typically
but now they're falking doing it
ok
so they've raised the interest rates
now what has that done to the bonds like the ones held by banks such as s p b
so s p b let's say s p b has a hundred billion dollars
in bonds
so they're buying those bonds at a fixed interest rate
when the fed increases interest rates
ok
the value of those bonds goes down
why
because there's new bonds
which pay out more because of the higher interest rates
that become more lucrative
and decrease the value of the prior existing bonds ok
so
banks like s b b
when they're dealing with a bank run we're going to get more into that as well because that's something that's mysterious and i haven't seen an explanation for it
ok
but when they're dealing with like a situation like a bank run
they can't pay back their depositors so the bank fuckin collapses
because they theyy okay we're going to pay back our deposits we're going to sell our bonds
but your bonds are selling at a price
lower
than what they were bought for which means lower than what the depositors gave you
so i give s b b a hundred dollars they take that a hundred dollars and buy a hundred dollar bond
okay hey give me my fugged money back all right
they sell their bond but they only get eighty dollars in return
so that's how it's that's pretty much what happened with s p b ok
now here is the mystery we need to solve and possibly crack together and this is where it could get interesting
why the fox
was there a bank run on s p b in the first place
what triggered the bankrupt
i haven't seen
a convincing
explanation for that
i have not seen that
that's what i haven't seen i mean i've seen this from the telegram
i won't share that
but we i don't know
what the reason for that was what was responsible
for the bank runt
now there's already some theories because this has implications
now
without getting into conspiracy territory yet
could this possibly be a part of a plan of some kind
because if someone
triggered that bank run
then
the because the consequential result is going to be a more centralization and consolidation
of the banking sector
because it's not just s v b that's collapsing there's another one as well
to know
the first republic bank that one's also collapsing right
so and it's others as well so these
i guess relatively smaller banks
are collapsing
and then they're going to get take over by they're going to get taken over by the fed they're going to get taken over by
bigger banks right
so that's what we're dealing with we're dealing with with a further consolidation
of the monopoly banking capital
now how this is all
connected to the the
the energy sector and what's going on there with the inflation
that's what a marxism should be able to explain today but marxists are too busy trying to defend the ludicrous idea
that bis does are producing value than so much wass managers have insider infol
they told their startups to withdraw their cash holdings that's also yeah
yeah
i heard there was tweets like a week before this happened of people praising the bet it's so weird right
yeah the venture capital managers had insider infol thank yous much phosphor
so we have to figure out what
why was there this bank run in the first place
signature bank also collapsed yeah
so why is the government
so i want to also
point out a little irony here right
s b b
is supposedly a silicon valley bank
investing in startups
now when you start to understand the economy i know this is a superficial analysis
but when you start to understand the economy in terms of monopoly capital
versus
what is it called
ah
incipient
capital or incipient enterprise
you know the hampering of the ability for start ups to get off the ground
that does fit into the wider agenda and scheme of monopoly capital
which those want to kind of just devour everything right
so
something is here
going on but
i'll give you a taste of it from talker carlson because he's
somewhat
explaining it
and he's also adding the conspiracy angle quote unquote experience conspiracy theory angle
which i mean it hasn't been confirmed it hasn't been denied
but we need to entertain it
in order to understand
just what exactly what forces were responsible
for the bankrupunt
was it just that the randomly people just started to take their money out and then
it triggered a chain reaction
the first bank that had trouble was silvergate which was mainly focused on krypto ok i see
i heard that as well yeah
that's what started it
and why was that by the way why did the silvergate thing start
was that all because of the cryptoprice fluctuations or something
ok so so silver so maybe this is what happened so silvergate you're telling me
silvergate collapsed
because
people got
cold feet when it came to the price of krypto because it was probably going on freefall
collapsing is that was going on with silvergate or what
and that inadvertently may be triggered because i don't want to just immediately go with the conspiracy angle we need to like entertain all options as far as understanding it right
ukraine and ftx are involved
h
yeah this is like
yeah
it's super mysterious it's super super funked mysterious
but let's hear
tucker carlson
try to explain it
so there was panic
of course reflected in markets and it wasn't just regional banks that were affected
for while this morning you could not even trade stock in charles schwab venerable
le charles shrop shrop it down twenty
thanks so much p j appreciate you man
right before the collapse all of the major partners pulled out including coin base you young ont of silvergate
something sauce is going on we know that like something really s thanks so much p j
right before the collapse
all of their major p voice burn showcluding coin base
i see
hold on
ah
we have some like funny mean we're going to save to the end
i'm going to bring on voidburn
but
we have a funny mean
and i'm going to share that with you in the end
but let's bring voydburn in because he might have an explanation hey what's up voyd burn howre you doing
hello
you know can you hear me
yea i can hear you what's up
um i don't know if you saw but uh redacted did some news coverage on some of this and there's a bit of a conflict of interest going on
about three days ago
there was a big announcement that joe biden had signed it uh had
gone through with signing an executive order for the federal reserve
to investigate alternative forms of currencies specifically like central bank digital currencies right
the world economic forum
is also like really big into integrating central digital currency into everyone's economies
these are you remember before and remember before the you ha pointed out that one of the s im sorrym the sound great per so their shares were sorr it's a five million dollars in the company in late february
ok that's really sauce thank you paple one appreciate that sorry woodmurn continue
one of one of the main contributing factors
two
crypto currency is power
as a decentralizing force in a sense it's a decentralizing force that gives economic freedom back to like average people that want to get involved in some form of investment strategy right
all of these different banks that are involved in crypto investment one way or another they just start plummeting
and then
bied and signs an executive
order
to start investigating
digital currencies
and then this is in tandem with all the different derailings and chemical spills
that are basically turning residential areas into like inhospitable
just just toxic waste dumps
and
you you remember in the beginning where biden postured about how he's going to reinvest
and infrastructure and whatnot
while our infrastructure is still decaying
now you can say you can say that like
well
the infrastructure is purposefully decayed
so that uh so that these derailings can happen which can facilitate like uh
article twenty thirty and all that stuff
what i do
so article twenty thirty it's another it's
so remember before how we talked about uh
joe biden
signed an act that gave the world health organization emergency powery got to be careul with this shit you got to be careful with yeah yeah
yes ik so
to
in in the event of the
in the event of like some sort of public health crisis involving chemical spills
oh they can they can do yeah i think i think you told me about that yeah
yeah and they into they integrate your they integrate your area into the fifteen minute city programs
this new york city shud ok ok i got you so so so i'll
before i made a post on my twitter saying like
the great resets already it's already here like they're doing it they're doing it right now like
it's right in there
so american artisan
they were the ten
he saying ukraine has been a hub for silicon valley colonialism and has been testing
around for crypto we're talking millions in transactions
yeah i heard there it was connected to the the
sam bankman fried whatever his name is
but
so so what do you think so do you think this bank run was
artificially triggered or what
boy
i do i would not rule that out of the real possibility and alex jones already considered it he's saying that
you saying that there's ah in some sense there may be a social media panic that's being instilled in the public so that they'll go out and do bank runs
and destabilize these banks
but it's not just
it's not just social media because everyone feels the recession already
so they're just compounding
that anxiety that is already onset in the american populace
but everyone knows that eggs are getting more expensive
they know that milk is getting more expensive the gas gas prices are still up yeah like bread and butter that reproduces the way of life
which is the basis foundation of the economy
so if anything if anything that anxiety is already instilled in americans and average americans and they're just
they're just capitalizing on that anxiety
tother initit thank you
for the
and i was but i'm interested also
and understanding the role of the energy markets in all of this because
i do believe there's something fundamental about the inflation
caused by the
the sanctions in the russian oil
the energy markets it seems like
when you look at
and the economy based on the ability for people to reproduce their daily basic
way of life going the grocery store
putting gas in their car
the food all the all the basics seem to be downstream from the energy markets right
what power is a funcking economy at the most fundamental level
so
that has probably played a really
fundamental role here but we need a good marxist theory
to coherently explain it we just don't right now
because you know marxists still think that
they think that baristas are
creating value or something
so
we need to
really see this also as a problem of theory honestly
but i thank you void we for coming on
yeah this has to be connected with everything else including
the railway stuff and
the spills on
yeah some something else
i was talking with rev in prison
like
i remember before you pointed out like it's not about it's not about invading china and taking its resources right that's like right that's nonsensical
to me
uh because because there's like this um
a
like a symbiotic relationship
because of the embeddedness between america's and china's economies the united states is basically
like they they're trying to subordinate china's economy
she want to a sell china's economy back into the
supply chains that reproduce u s sovereignty
because the problem in china is that there's this emergence
are these
that sovereign chinese companies like whiwai just the name one small example but others
that are starting to produce a new kind of
global economic order
so the uus wants to go to china
take what they have
in terms of their production and just
bring it back into the uus a gemini supply chain
more or less
yeah that's exactly what that's exactly what this is all about and this is why
uh and it's the same thing for russia where russia is having a rediscovering of some new form of like uh
like russian
socialism or yeah there their own
i i don't we don't i don't know if there's a term for it but it's the
it's the thing that
is at the top of the supply chain so what you probably call it a
you know
m it what else to call it but a socialism right but it's a
a economic polarity maybe is a word for it
but also i chains have a conclusion somewhere
and that conclusion is beneficial toward the reproduction of a system
not just toward a commodity of some kind right
so the problem with china is that it has geared its supply chains
toward the creation of a sovereign chinese economic system
challenging that's challenging us to geminy
russia
never had its own economic polarity
but it did have its own sovereign energy industry
and having a sovereign energy industry
is a very important first step in being able to build economic polarity of some kind
and that's what you're talking about the rediscovery of socialism that russia wants to start creating
its own economic
sovereignty right its own
tip of the supply chain russian ti the supply chain
that
will
obviously challenge the ones that reproduce us ageminy
so it's monopoly capital imperialist monopoly capital versus the world
and it's also happening internally because
even these banks like s b b are being demolished
to make way for an increasingly centralized centralization of monopoly financial capital
and o what even you could even like
i say they like the world economic forum
it is basically
it's some sort of like strategic paradigm that set forth which is which is why like george soros
declares russia and china
the greatest threat to open societies in his own words
the world an economic forum
is trying to bring those nations to heal and they're willing to do that
by undermining the american people and sacrificing them we are sacrificing
our own american people
in order to facilitate this dogshit agenda that nobody gives a fuck about nobody wants this
yeah like that'
that's what's actually
that's what's actually at stake
l
right a lot of americans are are
' in a lot of trouble because of this yeah
i avoid burn thank you so much
for a
giving us a better vision and understanding
to contextualize what's going on
i appreciate a lot man thank you
all right
so
thank you johnny
since twenty twenty the c b c is investing one point four trillion
in big tag ai data fiz he thinks was johnny
yeah twenty twenty
the c p c is investing you point that's a big threight in the next and you know the big one guys you know the big one is i mentioned the supply chaine thing
a big part of that puzzle is chip manufacturing
china is really rapidly catching up when it comes to domestic chip manufacturing
and oh that's throwing a fucking curveball in term of the u s economic agemony
because u s economic agemity for a long time has been based in dominating when it comes to technology
s big tach right
china all of a sudden i mean we were fine when china just had sweatshops and they were making
sweaters and shoes and
manufacturing all of our things
but when china is having its own sovereign chip
companies
and its own domestic national chip manufacturing
and that's pretty much
that's going to lead to a chinese dominance of the supply chain
which is what the us is scared of
and all of this here is related to that
and here's an example of why that is potentially
china's system is much more centralized than ours
so what if the what the u s is trying to do is eliminate
these
barriers to the centralization of the financial system
increasing and it's always relative increased centralization of the financial system
to better be able to compete with china
lot of peop don't realize the great reset is about competing with china things musch molist
made some good pocket money from people betting against schwave this morning until you see the elite flee on their private jets never bet against clown market scheme they so much
nw was ron paul
appreciate that
but yeah the u s is kind of trying to emulate china
in some regards to better compete with china
why because china's system is just better than ours
twenty five percent and trip to circuit breaker that's bad
in fact
that kind of panic could quickly conceivably become a catastrophe
so on the brink of catastrophe you need one thing strong competent leadership
but we don't have that we have b thank you much yellowstone appreciate you
joe biden
say he shuffled out to the podium and announced a bailout
i want to briefly speak about what's happening in silicon valley bank and signature bank
today thanks to the quick action of my administration over the past few days americans can have confidence
that the banking system is safe
your dep i don't know about that
i don't know about that bozs will be there when you need them
small businesses across the country the deposit accounts of these banks can breathe easier knowing they'll be able to pay their workers and pay their bills
all right
so the money the bd a ministration is using for this bailout apparently is coming from the f d i c so the feds have a covered
don't worry about the details everything's totally fine hold on
low down pal
how did this happen can we get an x
planation for that don't we have regulators
and how did those regulators since we're pretty confident they exist a taking big salaries so michael hudson has an explanation we could get to it
for why it's not going to work
how did they miss the fact
that sv b was insolvent apparently for months and not in some complex
credit default swap way
you're going to spend five thousand words trying to understand but in a really simple way that's easy to understand
their liabilities were bigger than their assets
exactly
that's because of the bonds i told you about
very simple how did nobody
notice that
the people who are paid to notice it
well joe biden unfortunately answered none of those questions he just
ran for the door
thank you god bless you may god protect our troops in california r president what do you know right now but o're got the in i'm not forgetting it all
why we got that
this happened and can you assure americans that there won't be a ripple effect you bil the reresident should all the positors be protected at all banks part
ok do we know why theres appys try to figure out to work the doorknob
what we know is the by deministration is backstopping these deposits
ok
but that's not the end of the story in some ways it's the big big government will always save wall street
socialism for the rich
socialism for the rich
thing so here's the part where you pause and ask yourself a question the too few seem to be considering right now
they're doing this
what are they going to get in return
oh something for sure
remember that after two thousand and eight the obama administration eric holder swooped in and imposed i diversity equity and inclusion standards
on the entire
financial sector
and that's one of the main reasons our big banks are now increasingly incompetent and also one of the reasons americans are so
divided by race
ideology use the two thousand and eight bank bailout to kill american meritocracy
that
ok so to translate this for you because it may sound too
partisan for you
objectively speaking when the u s government bailed out the banks
you have to ask yourself a question why was there such a big culture war in the twenty tenths
what was this whole thing going on in twenty tenh identity politics it went through the roof
right
because the entrenched
a
institutional cultural interests
we're able to be enforced
at the highest level of the u s economy
because of the bank bailout
that
it's not that the government forced the banking sector
to enforce the cultural agenda
it's that big monopoly financial capital use the government
to take control of the entire economy
and to use the economy combining state and corporate power
' to kind of
you know in across this the diversity inclusion whatever
probably just the tip of the iceberg when it came to that right
that's when all the wokeness blew up it's because
our economy collapsed in two thousand and eight
any semblance of a capitalist market economy was gone
the
financial capitalist monopoly class
fully fully took over and centralized almost everything
and
they
combined government
financial monopoly power
to basically enforce their cultural agendas too
and that is why
this woke stuff and this progressive
culture stuff
suddenly like overnight in the twenty tens it just blew up it wasn't because of tumbler
it just was popular
the reason tumbler was a fucking thing is because these young women
they were in the universities
they were at their workplace
where all this shit was being pushed
i mean that's that's where it all fucking came from the whole economy suddenly became wok afied
right
there's a reason for that
because of look at what happened in two thousand and eight
the government had to step in
and the forces of
the rockefeller
progressive agenda
the open society agenda the people
who have this progressive agenda
to completely transform the economy to turn it into
a slave of
monopoly capital fully right
fully consolidating everything
they took over
and they took over everything by the way
you guys have to understand everything's downstream from these fuking banks everything
every industry you can think of
all the media
all of it it's all coming down from finance capital
finance capital that's who invest in you
that's your lifeline that's where you get your fucking funding
that's who holds your money
finance capitalis at the top of the food chain
every other industry literally every other industry
is below that one
ok
with maybe one exception which is the energy industry
but the energy industry is
connected to the finance industry directly
through oil banking right
so
you know you' gota keep that in mind
that's a everything's downstream from the financial capitalist monopoly
if you're a starup
and you want to have a future you think you're going to be a capitalist
oh i have a lemonade stand my lemonade stands successful
and it spreads
that's not how
you know
you can't build a franchise or a company
doing that
that's called a traditional capitalist accumulation yeah
we're past that that's not possible anymore
because of changes in technology right
if you have a start up and you want your start up to get investment
and you want to spread
you need a fuck and get injections of credit
from investment banks
otherwise you don't have a chance
right
but people think starbucks became a successful franchise
because of the labor of baristas
and not from injections of credit that came from
the financial capitalist sector right
big step
mostly on acknowledged but we're living with its consequences
so you have to ask yourself
what are they going to do this time
what we know we're about to see bank consolidation big banks eating little banks and that means less competition
more consolidation means more government control
so what are they going to do with that control well all things being equal if people don't start making a lot of noise and exerting an awful lot of pressure it'll mean
digital currency a currency that politicians control
sign up for the c b d c app to get your food stamps
oh ah you you support you don't support zelenski and you don't support ukraine
oh yeah we're going to
shut down your digital currency wallet and you're going to be deprived of any revenue
any funding
we're oh you want to protest like in the freedom convoy
oh we don't even have to call the banks and shut your bank accounts down
the government's just going to shut it down themselves
it's going to be a to switch
right just
with the freedom convoy
just in troudeau he had to call them up
and he had to go you know what listen
ah
you know banks shoult shut down their accounts
people are getting their bank accounts shut down left and right
for having a
opposing views it's very common
now
ok
you don't even have to go through the private sector anymore the government will directly do it through the digital currency
and that's what we're in for
that's what we're in for guys
that's what digital currency means
thanks much pz it
the banking industry does not lend money
it creates money by landing it in existence
you will never save fast enough to compete with that
exactly that's exactly exactly why our economy is rigged
that's exactly it thank you so much pj appreciate you
thank you ah g
h d
v things ch be i'm going to wait for this to go through
i'll shall read it
it's because they are crypto friendly
okay here is
it's because they are cryptofriendly
even barney frank himself said there was no reason for signature bank sees
c b d c coming sent you md on blue app would like to see your project
gorilla
son at h d g b two
yeah i
you mean a twitter
yeah i'll check that out
a
check that out as soon as possible but
ok i'll be in touch with you soon
but
for now
you know there's an interesting theory that the government wants to not so much destroy krypto but
it's treating krypto like a competitor
to its own
a digital currency scheme
and that's why there's this crackdown on the crypto cryptomarkets
because krypto is rogue kryptos like anonymous supposedly at least right
you think that's not coming of course it's coming they'd like it to come and it so jennifer you keep mentioning the founders fun
and a sixteen z
can you share some stuff
in let's put it in show requests
because i don't know anything about those
any case now we're not alleging a conspiracy here
but we did notice that the four biggest banks wells fargo bank of america j p morgan chase
are doing well
that's whatll you got to pay attention to
it's not these four that are collapsing so what's going on
and we also knows that the white house appears to be maybe we're just reading into this too much
trying to induce runs on regional banks they seem to be trying to
take away your confidence you know on those back you're trying to collapse the local banks
and give more power to these ones
it's the law of monopoly right
here's coreine jump here
what is fret ery not someone ever accuse of having an original thought but she's a vessel for the plans but here she is on friday as s phoeb was collapsing
that she doesn't say a word about the fundamentals of the market
or the security of your money in banks
instead she talks about the one thing that matters to her
which is the racial identity of the people in charge of our finance
system
watch what
but i do want to take a moment to note the historic nature of the moment that you see in front of you right now all three of us are historic first in our roles the first black woman to serve as a chair what does that have to do with this fe i don't what
what amy fucking looking at is this our government
it's like what
so you're so that the big banks
so financial capitalist monopolies are gobbling up the smaller banks
transforming our economy into more of a fascistic economy
and she's talking about her racial identity
what it's it's like
this is how vocism works
they put up some trendy young person
to talk about their sex mo seriences thans so much johnny p r c they are experimenting with digital rm b to make it easy for developed regions to make purchases
in the us
c b d c will be for social control exactly but this is this is the this is exactly what happened in the twenty ten got
guys with identity politics
so the big banks consolidated more control than ever
and while they were doing this
right in front of our fucking faces
they appointed these young trendy tumbler s j ws
to sit in front of a podium
and talk about their experience in sex work
and uh all this identity stuff
what
and then they told us the the real problem is white sos a
white people
and straight mails
and sis gender male and sist genders
it's like what about the fucking banks though right
you don't know where do you think is identity it'ss like a distraction
like they appointed this fuckin young
this young trendy person
to sit in front of our fuckin faces as we get robbed by the government and the big fucking banks
to fuck and sit here and tell us
that the real problem is us because we're just too
white male sis gender
or
fit or ablely bodied or i don't know what i'd say it's so fucking cynical
it's ridiculous
o m b director white house press secretary
the first black women right in front of you for all of those three important
wow the first black woman thank you that's
what an accomplishment
i'm the first lebanese guy
ok
should i just run naked into the white house
and declare myself
the chief
of
the energy chief secretary of energy
and they say what what makes you qualify i'm a lebanese guy i'm the first lebanese afroasiatic mediterranean male
to be the secretary of energy
is with that what does that have to do with it though right
a but but apparently that's how you do it
that's what it is
and they'll clap for me i'm naked there's shit all over me i'm naked
i look like a dumb idiot bumbling fool
but
well i am i am lebanese
i'm the first one whose le
it's like feudalism
instead of
instead of like what have you brought to the table it's like oh well this is my
this is the thing i was born with that like has nothing to do with my character
thiss nothing to do with any of my accomplishments many of my skills or my abilities it's just like
something i've inherited
i've inherited it they're paving the way for feudalism say you so much mas wron the princess of the yen is free on you tube and should be required watching
i'm going to e i keep hearing about that i'm going to check that out
important key roles in the administration
these people lack all self awareness as if anyone would care why should we care
is there some reason to care and by the way you are discrediting by your stupidity and clear incompetence
anything you're promoting
you should keep that in mind
but big picture if you want to make people less confident in regional bank voidbur
people's world is right
here is how the maga right is responsible for the economic collapse
it's the maga rights fault
the maga fascist py thank you voidbur
people's world articles be like here's how the banking know you're going to blame marrily with the mago right of co trog and what we can do about it
this is the are going to be affected than i'm so glad we have these oppression olympians reassuring us and showing us their expertise in these trying times
no way in hell i'm withdrawing all my money now thank you paperwood
people's girls going to be like well this is how the trump and his magma movement destroyed americas in the banking system more broadly if you want to maybe induce a run in the banks this might be how you talk oh we're all of a certain racial group
ha what does it have to do with whether the banks
have enough cash in reserve to cover
pardon
their balance sheets
so what we do now is that the democratic party the bd a ministration sees this crisis as a means of expanding their control
and we know this because in a recent zoom call with the fed
treasury department other financial regulators
with members of congress senator mark kelly of arizona asked whether there was a program in place to censor social media posts
that could lead to a national run unbanks and that's according
to congressman thomas massey michael shealburger's a great piece on this today
massey was
on the call
so think about this for a second you've got
a deposit at a regional that is fucking crazy
that's like so unprecedented
they want to censor social media as an economic tool thank you so much emil you may be laughing now but leftists will try to make it about the jews cack
than you me it's like
this
is so unprecedented they're using censorship as an economic tool for economic
planning and economic management it's pretty crazy
and people say we don't live in socialism
what we do a bank that's not a
this is not what marx was talking about in capital
promise you it's not
holding tons way more than you know
of long term treasuries that are worth a lot less than they were when the bank bought them that means that bank is at risk that means your money's at risk
but senator mark kelly of arizona doesn't want you to know about that buty wouldn't they want you they you growsy s the p heads forre women
this was the first all women bank i liquidate in order to concentrate finance capital and large thank you chris for that very poignant
observation
i mean i'm talking about some complex stuff but maybe it's a really simple reason the bank collapsed
you know
maybe it's one of those simple ones
to know that
kind of interesting that kind of censorship could actually crush people
uh okay there's one last thing i have to show you
we kind of went
too long with the tucker
crude oil
brentt crude drops below eighty dollars a barrel
because of this s v b collapse stuff
check this out
wow this is a
this is no joke guys
this is no fucking joke
this is no joke
they're blaming trump era regulations yeat it's an incredible cope
scause trump's policies supposedly led to higher employment
guys i want to show you some of what michael hudson had to say be caause i read all this before the stcream
but according to hudson employment is playing a big role in this
we find it
so
it avoided raising interest lates for so long until the wageourning bottom
began to benefit the recovery and employment
but when wages thing as much cres the reality is russia's economy is hanging by a thread tied directly to oil prices
hence this engineer drop
yeah
true
when wages began to recover the fed could not resist fighting the unusual worlk class war against labor
but the policy also turned into a war against the banking system
more specifically the regional banks right
silvergate was the first to go
but it was a special case
after its fraud was exposed
there is a run on krypto
the crypto manager a the pay
civil gt's failure destroyed the great illusion of crypto deposits
a but what could ckrypto fiens invest in back to coin purchases if not banks bonds government securities
so why why doesn't the fed just bail out the banks in a p b s position
the answer is that the lower prices for financial assets
look like the new normal
for banks with negative equity
how can solvency be resolved
without sharply reducing interest rates to restore
deserve policy
because the only way they could bail him out is by apparently
doing that quantitative easing stuff
which would require lowering interest rates
which they can't do because of inflation
and he's also talking about how volunt volatility
for derivatives you know that is derivatives
have these they're called the greeks
special number special i don't know what the fulk they are
numbers that are attached to them
that can grow volatile
they're very sensitive to change
so volatility increased
thursday and friday
it reached magnitudes beyond what characterized the two thousand and eight crash
they have tens of trillion dollars of valuations of derivatives casino bets i mean tens of trillions of dollars of
mean what guys how big is the u s economy
us gdp
s g d p
o
the entire g d p of america is twenty three trillion
these banks have tens of trillions
in derivatives
pretty fucking crazy
oh yeah but starbucks paris those are producing value
shut up you fake marxist idiots
casino bets on which way interest rates bond prices and stock prices will change
so he thinks there's going to be a flight to u s treasury securities
ah instead of the fed
so we'll see but he's but this is what's interesting from hudson
he says that we're going to see the great unwinding of the fictitious capital boom
of two thousand and eight to twenty guys i got a fuck and go i have an interview i'm sor i'm already fucking late
i have an interview guys that i have to attend i'm so sorry i really have to go not by guys bye bye