Biden's bank bailout also saved radical Marxist tech companies and left-leaning media outlets
By ethanh // 2023-03-21
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Call it a "backstop" or an "emergency" measure or whatever you like, but the truth is that fake president Joe Biden's rescue of Silicon Valley Bank (SVB) and its depositors was nothing more than a classic deep state bailout of the money changers and their political, tech, and media puppets. Ninety-three percent of the failed bank's depositors are high-roller movers and shakers who held balances of well over the $250,000 maximum amount that is covered by the Federal Deposit Insurance Corporation (FDIC) – so who are these people? It turns out that many of SVB's depositors are not actually people at all, but rather tech companies, media outlets, and other entities that just so happen to lean Democrat and support Democratic causes, in most cases. One actual person – though some might argue he is actually a reptilian who looks like a slimy used car salesman – who banked at SVB and is now on the dole of a Biden bailout is California Gov. Gavin Newsom. This would explain why Newsom was eager to bail out the bank – because he was actually just trying to bail out himself. "Newsome was instrumental in convincing Biden over the weekend that a bailout of the failing bank was necessary," reported Andrew Kerr for Free Beacon. "He was also one of the first politicians nationwide to hail the president's swift move on Sunday to make all of Silicon Valley Bank's clients whole. Newsom was one of many high-profile Democrats who received money from Silicon Valley Bank, whose employees have also given tens of thousands of dollars to Democratic candidates and causes." BuzzFeed was another client of SVB that held $56 million in cash and cash equivalents at the failed bank as of the end of 2022. That same year, BuzzFeed lost $201.3 million, laid off 40 percent of its newsroom, and saw its stock price plummet by 90 percent. "BuzzFeed has placed little focus on the bank's collapse, having mentioned the story in its morning newsletter, a quiz published Wednesday, as well as a passing reference in a Tuesday story about a 'viral alpha male finance podcast parody sketch,'" Kerr explained. "None of the stories mentioned BuzzFeed's financial connection to the bank." Vox Media also banked at SVB and, just like BuzzFeed, the outlet was often a trumpet of support for Biden and other Democrats over the years. (Related: The globalist banking system is still in a "death spiral" despite Biden and the deep state's best efforts to stop the ship from sinking.)

SVB contributes tens of millions to BLM while propping up the "green" energy industry

Black Lives Matter (BLM) may not have been an actual client of SVB organizationally speaking, but SVB did contribute quite a bit of cash to the racist organization. Since 2020, SVB forked over some $73 million to BLM – will that now be clawed back, we wonder? The entire "green" energy industry largely banked at SVB as well, we are told. More than 1,550 technology companies that specialize in solar, hydrogen, and battery storage solutions held funds there – and the vast majority of them would have gone under without Biden's bailout. "Silicon Valley Bank was in many ways a climate bank," infamously stated Kiran Bhatraju, CEO of the nation's largest communist solar manager Arcadia. "When you have the majority of the market banking through one institution, there's going to be a lot of collateral damage." According to Wedbush Securities technology sector analyst David Ives, the collapse of SVB represents a "major blow to early-stage and even late-stage tech startups." The latest news about the failing globalist Ponzi scheme known as fiat currency can be found at Collapse.news. Sources for this article include: FreeBeacon.com NaturalNews.com
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