the latest example of of america s weaponizes system of justice. you know, it would be beyond ald unusual for a state prosecutor to use an alleged violation of a federal law rather thanfinancs a state campaign finance lawe as grounds to elevate a falsea e paperwork case from a misdemeanor to a felony. wow. tha they get really creativeuld be u because they hate trump that much. that would be trump derangement syndrome. we ll explain. but first, anothersyndrome. anor massive crisis for reckless, the reckless, incompetent joe biden and hisstem and administration. america s banking systemour . your money is now in peril. this is a very real crisis. there are real fears tonight that this could very well be just the beginning of a massive biden banking crisisat with biden, billionaire bailouts and world wide collapuences to banks now have officiallysed. collapsed. nearly two dozen others. they were forced to halt trading today amid widespread panic. first, republic bank stock plu
peter thiel, other smart peopleo . jp morgan was writing about this in november for crying out loudcrying. but explain how it s biden sec economic policies, his energyred policies that caused record high inflation, record high inflation resulting treasuries, et cbankk investingn of money and treasuries, et out on athen all of a sudden people need their money and they ve go massivet to cash. a massive loss. isn t that a bigor contributing factor here? and how many other banks around the country might be doing this? licate d yeah, you know, it s a complicated story, but a lot of ways it s not so complicated. thesa pretty, you kind of did ay good job of explainingit and connecting these dots. first, it starts with trillionso and trillions of dollars out ofn control spending. then the government has to borrow that t money to finane all of these six trillionad dollars of additional spendingdm enacted.s flow then the next step is alinl thit money is flowing intoy
did they do with it? they didn t let it out. and they certainly never, nevery lent it out to regular folks.. y no. regular folks got this mont ? none. okay, so they decided to invest looking it and they wanted to get yield there. he was looking for yield theseta days. and so here s the thing. o sa and everyone s got to listengoig to this from president biden comes out today and he startse u to say, well, i m going to ,anks you know, demonize the banks. i m going to make sure that welh these banks don t do anything reckless. what they bought bonds bond with us ,bonds with it. there s no other investment in the world they call a risk free. the problem, though, of coursefa because the federal reserve has had to come in and aggressively attack inflation, which, by the way, went over the top with that biden two trillionds h dollars. they ve jay powell hands haveben been tied to a degreeion. last r and they ve tried to battle inflation. and consequently, last year, bonds had their worst year
to spiral out of control econom and that created the tenuous thtuation for all banks and our economy. at wasit was biden, it was not e who sat around and did nothing ab as one expert after another wasy warning about a looming disaster.tran they all lied.sitory, it s tem they said, no, it s transitory,y no it s temporary. t real, don it s not real. don t worry, it ll go away. is fact, analysts at jp morgan, they actually issued a warning specifically about silicon how valley bank in november of lastj year. so how did jp morgan know while the biden administration totally clueless? well, that s right.upid and the people who work in the biden white house are poli stupid and incompetent, but they re also politik. in maybe these are silicon valley friends of theirs. it will gein the dayt interestin the days to come when we find out how much money was donatedak by who and if anybody involved in these bank failures in fact,f donated big dollars to democrats instead of preventing crisi preves w
francisco fed, for example, didn t make the right supervisioto happen. don t wantt that s what has to happen. we need transparency here. we don t havoe it. but i don t want to jump to conclusions. i mean, look, banking 15 years is a very difficult is a very di difficult issue. playinntagion is vere. you and t issue. you play with fireg with n on tn one . so i wan wat to go a day at a time, larry, if they re going to bail out this bank way fdi beyond the two hundred and fifty thousand dollars the fdic guarantees, s like and they re going to pay hundreds of millions of dollarle likely. who is going to pay that bill ? won t it be the american t taxpayeraxpayer? think? well, i think you can make your case ultimately. the yes, the banks pay for this through fees to the fdichough. s insurance corporation. he s saying that the americank taxpayer won t pay a penny. and i think that s a lie. liu while i think ultimately they will pay. e payi i mean, after all, that s whyife