Badlands News Brief

BANKS BANKS BANKS!

The News Cycle is almost impossible to track these days. At least, to do so fully.

That’s where we come in.

In the Badlands News Brief, the Badlands Media team is going to take you through a few news items of interest from the previous day in an attempt to give you an overview of the biggest goings-on relevant to the Truth Community while introducing you to some brief, original commentary from our growing team of citizen journalists.

(Feel free to follow the corresponding link attached to each Badlands contributor’s name to check them out on other platforms.)

Now, onto the news from the weekend that was …

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Janet Yellen says federal government won’t bail out Silicon Valley Bank

On Sunday, Biden's Treasury Secretary Janet Yellen appeared on Face the Nation and was asked if a government bailout was on the table for Silicon Valley Bank in the wake of its Friday collapse.

Yellen said, "During the financial crisis there were investors and owners of systemic large banks that were bailed out and we're certainly not looking—and the reforms that have been put in place means that we're not going to do that again."

"But we are concerned about depositors and are focused on trying to meet their needs," she added. — The Post Millennial

Our Take: “The game is up. The fiat system is in it’s death rattle. You can only print fake money with no worth for so long before the bubble pops.

My guess? We are about to witness the complete destruction of the Federal Banks and Fiat System as we know it. This part is going to hurt a bit, but you must understand if we want the cabal to fall, their fiat slave system must be toppled and blown into the wind.” — AbsoluteTruth1776

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Record Bank Run Drained A Quarter, Or $42BN, Of SVB's Deposits In Hours, Leaving It With Negative $1BN In Cash

The big question, of course, is what happened in the past 24 hours to not only snuff the bank's proposed equity offering, but to push the bank into insolvency.

We got the answer just a few moments after that tweet, when the California Department of Financial Protection and Innovation reported that shortly after the Bank announced a loss of approximately $1.8 billion from a sale of investments and was conducting a capital raise (which we now know failed), and despite the bank being in sound financial condition prior to March 9, 2023, "investors and depositors reacted by initiating withdrawals of $42 billion in deposits from the Bank on March 9, 2023, causing a run on the Bank."

As a result of this furious drain, as of the close of business on Thursday, March 9, "the bank had a negative cash balance of approximately $958 million."

At this point, despite attempts from the Bank, with the assistance of regulators, "to transfer collateral from various sources, the Bank did not meet its cash letter with the Federal Reserve. The precipitous deposit withdrawal has caused the Bank to be incapable of paying its obligations as they come due, and the bank is now insolvent." — ZeroHedge

Our Take: “The SVB bank failure could trigger a massive collapse of the banking industry, on the order of 2008 or worse—1929. This could be an intentional implosion of the financial system, a loss of confidence that will itself trigger inflation and the destabilization of markets and economies across the planet—often called economic contagion.

Just like other "viral agents" (e.g. COVID), the SVB bank collapse might have been orchestrated.

Prominent bankers like Gregory Becker, the CEO of Silicon Valley Bank, sold shares in SVB before the collapse. But he isn't the only one; two other execs for SVB sold shares as well. The bank also paid out bonuses before the government seized the bank.

While it could be argued that insiders at SVB saw the writing on the wall and decided to greedily clean out the bank before it went down, there are other signs someone knew what was going to happen. In what we might think of as a hat tip to JP Morgan, the man who orchestrated the 1907 bank run that played a part in ushering in the Federal Reserve system in 2013, JP Morgan bank warned some of SVB customers to move their funds, citing asset safety concerns, according to Bloomberg.

In other words, this was an industry-driven bank run, on the part of venture capitalists in Silicon Valley.

Bloomberg also praised China for "reining in these lenders" to reduce "the probability of a bank run and a system-wide collapse." In other words, the international banking cartel, which has operated in its current form for over 700 years, is doing what it always does. It infects autonomous markets, inflates the currency with predatory lending, and then it orchestrates economic instability to cause collapse and bankruptcy, so it can swoop in later to "bail out" economies. The bailout in this case, could be the move to digital currencies, like the much anticipated Central Bank Digital Currencies (CBDCs).

For banking insiders to anticipate the collapse and greedily line their pockets is itself a massive breach of fiduciary duty on the part of these trustees of the people's wealth. As unfortunate as this situation is, it's also a perfect opportunity to advance parallel systems to replace these untrustworthy fraud factories we call banks in the modern age.” — Justin Deschamps

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Trump Curse? Signature Bank Fails Two Years After Bank Closed President Trump’s Accounts Over January 6 Riot

Signature Bank in New York once had a close business relationship with the Trump family, with Ivanka serving on the bank’s board of directors from 2011-2013, but the bank severed ties with President Trump and closed his accounts in protest of the January 6, 2021 riot at the Capitol and called for his resignation. Two years later, Signature Bank collapsed and was taken over by regulators. — The Gateway Pundit

Our Take: “This is the same Signature Bank that cancelled President Trump’s personal accounts after the January 6th “riots”.

As the fiat system continues to crack under the weight if it’s own corruption, it is becoming quickly apparent that the deep state is losing it’s grip on the monetary system which has been used a means of control since it’s inception. SVB and Signature will not be the last big banks to go under.

Everything woke turns to shit.” — AbsoluteTruth1776

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Thiel’s Founders Fund Withdrew Millions From Silicon Valley Bank

Peter Thiel’s Founders Fund had no money with Silicon Valley Bank as of Thursday morning as the bank descended into chaos, according to a person familiar with the matter.

Founders Fund withdrew millions from SVB, said the person, who asked not to be identified discussing private information. It joined other venture funds that took dramatic steps to limit exposure to the now-failed financial institution. Founders Fund also advised its portfolio companies that there was no downside to moving their money away from SVB, even if the risk was low. 

Founders Fund acted in other ways to move its business away from SVB. On Thursday, as the bank was beginning to unravel, the firm started what’s known as a capital call. That’s a run-of-the-mill activity in the venture capital world, in which a VC firm asks its investors, or limited partners, to send it money in order to make investments in startups — the core function of most VC firms. It began by asking those backers to transfer the funds to accounts at SVB, as it has done for years, the person said. — Bloomberg

Our Take: “While the collapse of Silicon Valley Bank can’t be attributed to one man or institution alone, Peter Thiel was certainly one of the major inside money market movers when he withdrew his own wealth from the financial vehicle, advising his portfolio companies to do the same.

This created a bit of an inside money stampede, with blue chip investors quickly performing a digital run on the bank that would make It’s a Wonderful Life look rather quaint by comparison.

What’s most interesting to me is the fact that Thiel is one of the most outspoken allies of Donald Trump and Trump-endorsed candidates in the financial world—a heterodox thinker who stands fiercely opposed to the Marxist agenda funded and largely supported by banks like SVB.

While some of my peers believe these moves signal a planned demolition of the banking system by [them,] I think we’re looking at quite the opposite.” — Burning Bright

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That Was Quick: Democrats Already Asking Federal Government to Censor Information Social Media That Could Lead to Run on the Banks

Rep. Thomas Massie (R-KY) was on a Zoom meeting this afternoon with members of Congress, the Fed, the Treasury, and FDIC. The call was organized after Silicon Valley Bank crashed and was taken over by the State of California on Friday.

Silicon Valley Bank was the largest US bank to crash since the 2008 banking crisis.

During the call on Sunday afternoon Massie reported that one Democrat Senator asked if there was a program in place to censor free speech at this time on social media.

The first thought of the Democrat Party is to strip Americans of their right to free speech and the free flow of information.

These people are not your friend. — The Gateway Pundit

Our Take: “Their attack on the first amendment and blood-thirst for complete control of the narrative has become blatantly obvious. While their financial institutions falter and crumble around them, the totalitarians occupying democrat seats are seeking more control over free speech and the flow of information by seeking to censor posts which they deem could create a run on banks.

There is becoming less and less cover for these corrupt demons and their deeds to hide.” — AbsoluteTruth1776

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We hope you enjoyed this brief look back at the major news items you might have missed in this ever-escalating and ever-accelerating news cycle as the Information War continues to rage on around us.

The Badlands Media team will continue to combine our cognitive powers in order to slow things down and find the signal amidst the noise as this series expands.

As always, if you have any thoughts on these news items or the MANY others swirling in the digital ether, drop into the comments below to share them with your fellow Badlanders.

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