Cryptocurrency: BANK RUN PANIC Spreads Around Globe, Crypto and Gold Demand Skyrockets, FDIC Coverup

grarpamp grarpamp at gmail.com
Mon Mar 13 22:39:02 PDT 2023


https://archive.org/details/TheCreatureFromJekyllIslandByG.EdwardGriffin
G Edward Griffin's 1993 movie and 1994 book, The Creature from Jekyll Island.
In it, he presents his argument that the central banking system of the
United States constitutes a banking cartel and an instrument of war
and totalitarianism.
The book was a business-topic bestseller, and influenced Ron Paul
when he wrote a chapter on money and the Federal Reserve in his
New York Times bestseller "The Revolution: A Manifesto -- Ron Paul".

Woke GovBankPol elite frauds investigate themselves, again, lol...


Fed Announces Probe Into Its Own Regulatory Failure At SVB

https://www.federalreserve.gov/newsevents/pressreleases/bcreg20230313a.htm
https://s201.q4cdn.com/589201576/files/doc_financials/2022/q4/4Q22-SIVB-Earnings-Release-Final.pdf
https://www.reuters.com/markets/us/silicon-valley-banks-demise-began-with-downgrade-threat-sources-2023-03-11/
https://www.visualcapitalist.com/timeline-shocking-collapse-of-silicon-valley-bank/
https://www.federalreserve.gov/newsevents/speech/barr20230309a.htm

The Federal Reserve Board on Monday announced that Vice Chair for
Supervision Michael S. Barr is leading a review of the supervision and
regulation of Silicon Valley Bank, in light of its failure.

    "The events surrounding Silicon Valley Bank demand a thorough,
transparent, and swift review by the Federal Reserve," said Chair
Jerome H. Powell.

As a reminder, it was Moody's that initially brought up issues with SVB.

When SVB reported its fourth quarter results in early 2023, Moody’s
Investor Service, a credit rating agency took notice.

In early March, it said that SVB was at high risk for a downgrade due
to its significant unrealized losses.

In response, SVB looked to sell $2 billion of its investments at a
loss to help boost liquidity for its struggling balance sheet. Soon,
more hedge funds and venture investors realized SVB could be on thin
ice. Depositors withdrew funds in droves, spurring a liquidity squeeze
and prompting California regulators and the FDIC to step in and shut
down the bank.

Source

The Fed's review will be publicly released by May 1.

    "We need to have humility, and conduct a careful and thorough
review of how we supervised and regulated this firm, and what we
should learn from this experience," said Vice Chair Barr.

Just a reminder, here's what Michael Barr said in a speech Thursday as
the run was in full swing:

    "The banks we regulate, in contrast, are well protected from bank
runs through a robust array of supervisory requirements."

In case you wondered where we stand on this...

    This is a regulatory failure of historic proportions by both the
Fed and Treasury.

    Instead of preventing billions in losses, the Fed was worrying
about board diversity and Yellen was flying to Ukraine.

    Everyone should be sacked immediately. https://t.co/XDd5LTI6hF
    — zerohedge (@zerohedge) March 12, 2023

What are the chances anyone is found responsible in any way?


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