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

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Get Woke, Go Broke? It's Time To Talk About SVB's Ties To The World
Economic Forum

https://alt-market.us/get-woke-go-broke-its-time-to-talk-about-svbs-ties-to-the-world-economic-forum/

https://www.svb.com/globalassets/library/uploadedfiles/wef-index.pdf
https://www.svb.com/globalassets/library/uploadedfiles/svb-environmental-social-governance-report-2022.pdf
https://www.forbes.com/sites/worldeconomicforum/2016/11/10/shopping-i-cant-really-remember-what-that-is-or-how-differently-well-live-in-2030/

After the implosion of the FTX crypto exchange run by Sam Bankman
Fried, questions of due diligence and competency immediately arose,
suggesting that perhaps the company mishandled assets “accidentally”
and that Fried was naive and “in over his head.” Numerous central bank
officials and globalist organizations jumped into the debate almost
immediately, arguing that FTX was a perfect example of why centralized
regulation of crypto and digital currencies was necessary. They
claimed that without oversight by banking elites, disaster was
inevitable.

Of course, what they did not mention was that FTX and Sam Fried
already had extensive connections with globalist groups including the
World Economic Forum. In fact, the very basis of Fried’s business
model was the WEF’s “Stakeholder Capitalism” theory, which he often
referred to as “Effective Altruism.”

Stakeholder Capitalism is essentially the opposite of free markets –
It is a socialist/globalist framework which uses corporations as a
kind of economic enforcement tool. Corporations are already highly
socialistic in their operations, and their existence is completely
dependent on their special relationship with government. Corporations
are created through government charter, enjoy special protections
under “corporate personhood” laws and avoid direct consequences for
criminal activities through limited liability.

Many corporations are not even allowed to fail because governments
backstop their operations. That’s socialism, not free markets.
However, “stakeholder capitalism” expands on this dynamic a
hundred-fold.

Where free markets assert that businesses must make profit their
primary objective for the overall economy to function, the WEF asserts
that companies including banking institutions have a social obligation
that goes beyond making money. To the typical leftist this probably
sounds like a Utopian vision filled with promise, but to anyone that
actually understands economics it sounds like a recipe for the
collapse of civilization.

The WEF paints stakeholder capitalism an effort to reign in the power
of the corporate system in favor of social causes. In reality, it’s a
way to give corporations ultimate power over everything, including
ultimate influence over public behavior.

We have seen extensive evidence of this through widespread corporate
ESG investment programs implemented in the past several years. It is
no coincidence that the invasion of woke ideology into the mainstream
happened at the exact same time that ESG-based lending accelerated.

The institutions lending to various companies were able to set social
rules for access to credit, and these rules required businesses to
adopt far-left politics in their marketing and policies as a result.
Stakeholder capitalism is about homogenizing all business into a
single ideological entity – Instead of competing with each other for
market share through innovation, companies have been abandoning merit
based competition and are colluding to saturate the mainstream with
social justice cultism, climate change propaganda and globalist
rhetoric.

By making corporate elites “responsible” for society, we give them the
power to engineer society.

However, the WEF’s model of false altruism is turning out to be a
disaster for corporate survival. I have to wonder now if this was the
intent all along – To create a kind of ESG fueled woke financial
bubble that was always intended to come crashing down, leaving the
western world in ruins.

Ever since the fall of FTX, the WEF has been quietly erasing all
traces of their involvement with the company and with Fried from their
website and YouTube channel. However, the WEF’s influence is widely
evident in the operations of FTX and Fried’s philosophy.

There were multiple reasons for FTX capital losses, from plunging
crypto prices to embezzlement. That said, the root cause was
stakeholder capitalism ideology and it’s reliance on cheap liquidity
to support ESG policies. And, we are seeing the exact same dynamic
within other institutions like Silicon Valley Bank.

Surprisingly, even the International Monetary Fund (like many of us in
the alternative economic media) warned about the potential frailty of
ESG related lending in an environment where central banks are
tightening liquidity and raising interest rates. The IMF stated in
2022:

    “Financial stability risks include the different investor base
relative to more traditional investors and a potentially higher
sensitivity to global financial conditions, given the technology-heavy
composition of many ESG indices. That’s an important consideration in
the current policy environment, with central banks in advanced
economies raising interest rates and reducing policy accommodation put
in place during the pandemic—a development that is starting to tighten
financial conditions around the world.”

Looking into SVB’s operational history, the company was a woke nightmare.

Take a gander at their 66 page ESG report compiled in 2021 to get a
sense of how far to the extreme political left the bank was. SVB is
the pinnacle example of why “Get Woke, Go Broke” is more than a
mantra, it’s a rule.

Digging even deeper we then find that SVB’s leadership was highly
involved in the WEF and their Stakeholder Capitalism Metrics (SCM),
along with corporate governance. SVB was not only implementing every
single policy the WEF outlines in its agenda, they were reporting back
to the WEF on their progress.

SVB’s capital exposure was heavily tied up in securities, but also
venture capital for woke tech startups, climate change related
projects and leftist activist groups which qualified for ESG loans;
everything from BLM to Buzzfeed. In other words, they were investing
aggressively into money-pit projects that devoured cash and gave
nothing back. The real question is, how many US banks are involved in
ESG and WEF operations at the same level as SVB? Dozens? Hundreds?

As I have noted in recent articles, the Federal Reserve’s rate hikes
have made ESG liquidity untenable. It is much too expensive now for
banks to lend (or borrow) to finance losing ventures such as woke tech
companies and climate change non-profits. All “too big to fail banks”
are involved, this is well known, but do they have the capital and the
protection to stay afloat despite the central bank’s liquidity noose?
Clearly, mid-tier banks like SVB are highly vulnerable.

Was the main goal of ESG lending NOT to lure corporations into
promoting woke causes, but to trick them into ignoring competent
profit models and innovation, making them weak and easy to topple?

The woke invasion within the US business world is starting to die
anyway. You can already see the shift back to a search for profits and
an abandonment of social justice virtue signaling. Peak woke happened
over the course of the covid lockdowns, and now it is fading. It was
never going to have staying power because it is far too unhinged and
cultish to be widely accepted in American society.

Beyond that, the WEF’s “Great Reset” concept will require a
substantial economic crisis in order to be achieved. There’s no way
they will ever get Americans to embrace stakeholder capitalism or the
“I own nothing and I’m happy” sharing economy under normal economic
conditions. So, they need a crisis event to create desperation within
the populace.

Look at it this way: In order for globalists to get the total
corporate governance they want, they might be using woke ESG to
destroy the existing system, so that they can then replace it with an
even more pervasive woke structure. All while blaming free market
capitalism in the meantime. It’s a very similar idea to the globalist
strategy of blaming “nationalism” for the very geopolitical crisis
events that globalism is triggering.

Given the sheer scale of woke saturation within the current corporate
world, I can’t help but wonder if the entire economy is utterly rotted
from within due to ESG and WEF related financial cancers, and is
simply waiting to crumble just like SVB did.