WARNING: Big Tech Banks Collapsing! Infection Spreading to Other Sectors
- WARNING: Big Tech Banks Collapsing! Infection Spreading to Other Sectors
by https://healthimpactnews.com/
LATEST UPDATE:
2nd FDIC-Insured Bank in 3 Days COLLAPSES! Bank Runs, Trading Halted on Some Banks
UPDATE 1:
BREAKING: Silicon Valley Bank Run has Reportedly Started – Website Down
UPDATE 2:
Four biggest US Banks Lost $52 BILLION in Valuation Today as Dow drops 540 points
UPDATE 3:
Treasury Secretary Janet Yellen addresses Silicon Valley Bank’s woes, saying she’s monitoring a few banks
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by Brian Shilhavy, Editor, Health Impact News
The collapse of the banking industry has started, with FDIC-insured Big Tech Silvergate Bank announcing yesterday they were liquidating their assets and closing down. Silicon Valley Bank also announced yesterday that they have lost $10 billion, while trying to reassure depositors to just “stay calm,” suggesting that their collapse is also probably imminent.
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I don’t think there has been a more significant news event in the financial sector since the financial crisis of 2008, and yet at the time of my publishing this article, none of the corporate media is treating this as a headline story, unless it is a publication that focuses only on financial news.
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This is the beginning of the storm that should have happened last year after FTX blew up, and probably did, but the infection that I have been calling The Big Tech Crash that started in 2022 has only just now begun to reveal how serious this crisis is, which can no longer be hidden from the public as the bank failures have now begun.
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Bank runs that began last year, are only going to significantly increase in the days and weeks ahead. And this infection is not confined to Big Tech and their banks, but is spreading fast to other sectors of the economy.
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Silvergate Bank: Crypto Fraud Casualty
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read more.
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