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
and , you know, republicans in congress made it worse by blocking comprehensive immigration reform. i take the blame for inflation. no . go why not? because it was already there when i got here.t here man. come on , man. now, when they re not passing al blame and shirking all responsibility, the whitponse h is just flat out lying and pretending that an obvious crisist all. is not really a cra at all. i they don t have a crisis atn the border. the border af is secure.h th we saw it in afghanistan. we see it with inflation. bankin we saw with the supply chain crisis.s no and now we have the bidendiffer banking crisis is no different. take a look.nfidence americans can have confidence that the banking system is safe . your deposits will be therebn when you need them. the american banking system is really safe and wells resili capitalized. it s resilienent.t. th and the head of the omb talking said the same thing. sounds like they read the same poimemo. secutalking point meml
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
bank out in silicon valley. they had invested in ten year treasuries, for example.s are then all of a sudden the peopleg want their money back , interest rates are higher, and now they re selling those treasuries treasuries at a major loss. is that what happened? well, more or less. look, a well, more or less. i mean, look, a couple points. barney frank, liberal democratoa barney frank, said today thatlaa this was not a regulatory problem as the bidens areli charging trump that this is a by liquidity problem. a and barney frank, i know he s a liberal democrat, but he s pretty smart guy. t and it was a bipartisan vote to relieve some of the onus bank regulations of the obama biden administration. so that s one point a second onr point is in my service in the government under president trump, he often called it seven a.m., call,nine o clock was a late c, nine a.m., third point, bidens t
trading today amid widespread panic. first, republic bank stock plummeted a whopping 60%. $100 one hundred billion was wiped out in one single day at banking the very core of all of this banking crisis is joe biden s record setting. fy his multitrillion o dollars spending inflation caused by hisen multitrillion dollar spending spree. and remember inherited a, bidend a very low inflation rate of one point four percent and his horrible economic, horrible energy policies drovrrible ee in to one record high afterher, another after another. all, 40 record highs and biden has inflation has been anything but, quoten anythi, transitory,y told us . inw, this followed by , what, 17% increase in the ratefed, the increases in terms of the fed, the first financial institution the sito fail the silicon vallek saw its massive holdings inrd b us treasuries and mortgage securities, quote, hit hard by the fed s aggressive interest rate hikes caused by biden.