Breakdown of a Bank Collapse (and What It Means for You) - CNN One Thing - Podcast on CNN Audio

The Federal Reserve is set to meet this week for the first time since Silicon Valley Bank’s collapse. The key question: will the largest failure of a US bank since 2008 change its approach to fighting inflation? CNN Chief Business Correspondent Christine Romans looks at how we got here in today’s episode of the One Thing podcast.

           

https://www.facebook.com/cnn/posts/10163486716801509

Lorne Harvey I declined Medicare. I was forced to pay into SS. Those are not benefits, they are the terrible returns on my money. Our pension accountant did a study ref. SS about 12 years ago. If instead of paying into SS (feds are exempt – isn’t that nice!), the same amount of money we and our employer contributed had been invested into the Vanguard 500 at the time it was invested into SS, the average member with full retirement benefits today would be worth $1.3 million dollars based on what was an average $30,000 lifetime annual income. I'll NEVER reap that much from SS. Of course, a lot of my money was given to others. The unfunded liabilities we are piling on future generations utterly unconscionable.


Only thing you need to know —> the 1960s homesteading 40+ year Democrats reckless spending and their solution of “let’s find a war to restablish ecomony and reduce inflation” is isn’t working. Their radical 1940s WWI and WWII war ideologies for marketing weapons and war industry doesn’t work anymore. The world has changed, fully developed and there just isn’t a market for weapons, wars and media propaganda anymore, everyone is working on peace, food, energy and logistical businesses. Weapons marketing and war industry is over. We need to change our marketing strategy into food, energy and logistics like Europe and middle east is working on.


Just follow the money…

A Claremont Institute analysis of corporate donations to BLM finds that the woke bank spent precious dollars it turns out it didn't have to prop up BLM ...
As it turns out, SVB was a Massive donor to Black Lives Matter and other social justice causes, to the tune of nearly $74 million dollars. $73,450,000 to be more exact.
The figure comes from an extensive report dropped by the Claremont Institute on Tuesday. The report details $82 billion dollars in social justice/BLM investments by major American companies. SVB stands out as one of the larger donors, next to big donors like APPLE ($100 million) and COMCAST ($165 million). While at the top of the donation pool, those contributors do pale in comparison to donors like BLACKROCK ($810 million) and CITIGROUP ($1.1 billion). However, the group did pledge on their website to provide in total up to $11 billion dollars by 2026 for Diversity, Equity and Inclusion (DEI) programs and racial justice causes.
SVB executives explained on their website the turbulent racial atmosphere following the GEORGE FLOYD "KILLING" and protests prompted them to expand "opportunities for dialogue," a calling that doesn't seem too have much concrete investment return, but ended up taking $74 million dollars out of bank coffers anyway.


All of these things were true the day Biden was inaugurated. NONE OF THESE THINGS ARE TRUE TODAY!
• Average gas price was $1.93 per gallon.
• Inflation was just over 1%.
• Supply-chain was functioning well.
• Economy was the strongest in approximately 50 years.
• The southern border was controlled and nearly secured.
• Illegal aliens were forced to remain in Mexico.
• Taliban were not armed with U.S. artillery & weapons.
• Stock market was at record highs.
• 401Ks & retirement plans had record values.
• Interest rates were at record lows.
• Putin was not in Ukraine.
• Cartels were not flooding America with fentanyl resulting in approximately 300 deaths resulting in over 300 deaths per day! https://asiamedia.lmu.edu...g-u-s-citizens/