Body Language - Silicon Valley Bank (SVB) CEO in February: What Did He Say That He Did Not Say? (Video)
by N.Morgan
He is all skittles and puppies. Ooops. You missed that one Bankster Boy. The scary thought is he really as the CEO of the 16th largest bank in the country, does not get how bad the situation is, or how bad his own situation was 4-5 weeks ago.
However this CEO figured out something about two weeks ago when he began a mass sell off of his own shares in the bank. The share price then was over $250 per share and of course now they are worthless. That type of behavior on his part could have triggered his own demise and the demise of his own bank.
Keep in mind that recently Forbes rated this bank as one of the top banks in the country. And paid shill Jim Kramer the investing guy on CNBC was saying as little as 3 weeks ago that SVB was a buy buy buy. No, Kramer it went bye bye bye with a lot of peoples money. Was this a set up?
SVB had over 173 Billion in deposits, of which only about 21 Billion were insured. A lot of people are going to lose their ass.
There is no money (literally) to pay them. And what sank SVB is currently torpedoing the United States 4 larges banks…
The 4 largest banks in the United States, JP Morgan Chase, Citigroup, Wells Fargo and Bank of America lost a combined value of 47 billion on Friday 3-10-23.
Unrealized losses are what took down SVB, but guess what nobody is taking about in the CIA media? The unrealized losses of these 4 banks dwarf what was took down SVB.
Keep in mind I am not saying this is the beginning of anything huge, we will have to see. I am not putting out fear porn. I am not selling worthless ‘Gold IRAs”. I will tell you I have less than $500 in banks at this time. I own zero in crypto. I use a mixture of cash and have silver coins as a reserve. I don’t trust any bank for anything but problems and misery.
By the way, Megan and Harry will not be participating in any “bail ins or outs”….unless they are on the receiving side. Don’t get your hopes up or be to excited by that one.
Stories Contributed by N. Morgan
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