The Feds have said that it will only bail out certain banks, those that it favours as important, whatever that means. That issue is dealt with in a separate article today at the blog. For the moment though, it is noted that there are another 200 banks that have the same risk that the collapsed Silicon Valley Bank has, regarding the value of assets. It would not take too many withdrawals to collapse these banks as well. A large amount of their assets are held in interest-rate sensitive financial instruments, such as government bonds and mortgage backed securities, and the value of these has crashed due to the Federal Reserve’s rise in interest rates. One study found a $ 2 trillion los in market value. This could turn out very badly, at a time of compounding crisis. Investors are easily spooked, and with electronic baking, no longer need to stand in line to get heir money out. The fall of these banks could happen just as quickly as SVB went down. This is no doubt part of the world Economic Forum-inspired plan for Central Bank digital currencies, certain to morph into a One World Bank digital currency, that will control the world, and every breath, and thought one makes. And, it is happening extremely fast. Unfortunately, rallying grassroots resistance is much slower, but we press on regardless.
https://nypost.com/2023/03/18/nearly-200-banks-could-fail-the-same-way-svb-did-study/
