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"If freedom of speech is taken away, then dumb and silent we may be led, like sheep to the slaughter." -- George Washington
Fox News star Tucker Carlson has warned his viewers that Democrat President Joe Biden’s administration will usher in a federal government-control digital currency if Americans don’t make their voices heard over the banking crisis.
During the opening of his show, Carlson warned that the collapsing banking system will open the door to digital cash.
On Monday morning trading was halted on 20 banks as the markets opened.
The New York Stock Exchange halted trading at Charles Schwab.
Over the weekend, amid populist howls of outrage that a bailout of SVB would promote moral hazard (in the end depositors did get bailed out with a full recovery, but other unsecured creditors oddly enough would get nothing, while the common stock is a doughnut), we said that while technically true, the events that toppled SVB and now SBNY as well, are really a subsidy for the big banks.
Former President Donald Trump spoke in Davenport, Iowa, on Monday to deliver his platform on education issues as his 2024 presidential campaign kicks into high gear.
During the speech, Trump stated that his administration had extensively studied the possibility of breaking up the Department of Education altogether and reallocating its functions to the states, earning raucous applause.
"We studied it very closely and I was getting ready to do it, pull the trigger," he said. "The long-term goal, but now it's a short-term goal, of breaking up the federal Department of Education and redistributing its functions to the states."
A United Airlines flight from Guatemala to Chicago was diverted to Houston’s George Bush International Airport on Saturday evening.
An emergency was declared “for an incapacitated pilot,” stated a Houston UAL internal document given to CDM.Press.
“UA Flight 2007 GUA-ORD is diverting to IAH. Declaring an emergency for an incapacitated pilot. Gated at E20. Current ETA shows 1747. Unknown if flight will clear here at this time or just re-crew and go. Will advise when information is available. Pilot reportedly taken to a hospital,” states the UAL Operation Center communication.
According to the UAL file, "Left seat Capt had chest pains. Could not get him out of the seat. Right seater landed."
Biden didn’t specify which protections he believes the federal government should enact, though he has said in the past that transgender Americans should have “every single solitary right, including use of your gender identity bathroom in public.” Restricting such rights is legally and morally wrong, he said last fall.
The president singled out restrictions imposed in Florida, where Governor Ron DeSantis has touted a ban on sex-change surgeries and puberty blockers for children, for criticism. DeSantis, a frontrunner for the Republican Party’s 2024 presidential nomination, also championed a ban on biological boys competing in girls’ sports.
A Russian Su-27 jet fighter collided with an American MQ-9 Reaper drone over the Black Sea on Tuesday, the US military's European Command said.
"Our MQ-9 aircraft was conducting routine operations in international airspace when it was intercepted and hit by a Russian aircraft, resulting in a crash and complete loss of the MQ-9," said US Air Force General James Hecker, commander of US Air Forces Europe and Air Forces Africa.
Germany is facing an inevitable economic decline after losing its access to Russian energy, but cannot do anything about it because it is not a sovereign nation, the secretary of the Russian National Security Council has claimed.
“Germany tried for many years to build its economy on a combination of cheap Russian energy and advanced German technologies. Like no one else, it realizes that the terrorist attack against the [Nord Stream pipelines] will definitely cause the German economy to decline further,” Nikolay Patrushev said in an interview published in Argumenti i Fakti newspaper on Monday.
The advantages that German businesses enjoyed by getting access to Russian fuel has long irritated the governments of the US and the UK, he continued. But Berlin is not at liberty to continue cooperating with Moscow, “because the German nation is not independent.”
Kevin O’Leary Stuns CNN Panel Telling Them “Biden Just Nationalized U.S. Banking System”…
The Federal Reserve moved quickly late Sunday to prevent the collapse of SVB Financial from causing any further damage to the U.S. banking system, offering lenders billions in secured loans with a backstop from the Treasury.
The Fed said it will establish a “Bank Term Funding Program” (BTFP) that will allows U.S. banks to borrow billions, at favorable market terms, if the loans are backed by Treasury bonds, high-quality agency debt or mortgage-backed securities.
Those securities will not be subject to the usual discount, or haircut, when used as loan collateral, the Fed said, allowing U.S. banks to get fast cash based on their full par value. Banks are sitting on an estimated $620 billion worth of unrealized losses from Treasury, agency and MBS bonds following the surge in market interest rates that has swamped fixed income portfolios around the world.
China will make further efforts to enable private entrepreneurs to grow and thrive, and the country's private enterprises will enjoy a better environment and broader development space, Premier Li Qiang said on Monday.
The nation will continue to foster a market-oriented, law-based market environment in keeping with international standards, treat companies of all types of ownership as equals and protect the property rights of enterprises as well as the rights and interests of entrepreneurs in accordance with the law, Li said. He was speaking at his first news conference as premier following the conclusion of the first session of the 14th National People's Congress, China's top legislature.
Noting that the country has a supersized market with huge demand and a lot of new untapped sectors, Li said that all these factors promise great opportunities for private entrepreneurs.
President Joe Biden is set to announce a new executive order that would move the United States “as close to universal background checks as possible without additional legislation.”
President Biden will announce an Executive Order with the goal of increasing the number of background checks conducted before firearm sales.
This was in Biden's backpocket. These announcements always timed to change topics. (Not sure how criminals will find guns now)
The Virginia Attorney General’s Office has sent a scathing letter calling on a middle school to stop enrolling students in its college prep program “based on race” after it excluded white and Asian students in its recruitment efforts.
Senior Assistant Attorney General Christine Lambrou Johnson, head of the state’s Office of Civil Rights, lambasted Copper Middle School Principal Lisa Barrow for violating state and federal laws.
Administrators at the school in McLean recently notified parents about the program for eighth-graders – but only for certain national or ethnic groups.
Well, look at that! Another crisis under the Biden administration. You know, when Trump was president, the only crisis we faced was started by a foreign country who works against us. But under Biden, our government keeps helping fuel crisis after crisis.
This time, it isn’t the border, inflation, gas prices, conflict overseas, or crime. It’s the banks. Yes, the last place anyone wants to see red flags, the banking industry, is facing some dark days. This comes just after Biden forced investors into putting money in “woke” investments. So far, two banks had to be bailed out by Biden. And while most will see this as a bad omen, Biden is trying to take a victory lap!
The crew on board, a Lufthansa flight told passengers to immediately delete all videos and photos taken after the flight experienced extreme turbulence.
Yahoo! News reported that the Lufthansa flight had to make an emergency landing after the flight went through extreme turbulence. The flight became wild after it hit the patch of turbulence, and it evolved into a chaotic situation very quickly.
This was DailyMail.com's live blog on the collapse of the Silicon Valley Bank.
The Silicon Valley Bank collapse may have been triggered by a newsletter authored by a tech expert in Texas in the last week of February.
In the wake of the bank's dramatic downfall, one tech writer, Evan Armstrong, pointed out a mail-out authored by fellow writer Bryne Hobart, dated February 23.
'This entire debacle was potentially caused by [Hobart]'s newsletter,' wrote Armstrong, who then shared his own post detailing how Hobart may have knocked over the first domino.