Silicon Valley Bank has failed following a run on deposits, after its parent company’s share price crashed a record 60% on Thursday.

Trading of SVB Financial Group’s SIVB, -60.41% stock was halted early Friday, after the shares plunged again in premarket trading. Treasury Secretary Janet Yellen said SVB was one of a few banks she was “monitoring very carefully.” Reaction poured in from several analysts who discussed the bank’s liquidity risk.

California regulators closed Silicon Valley Bank and handed the wreckage over to the Federal Deposit Insurance Administration later on Friday.

Below is the same list of 10 banks we highlighted on Thursday that showed similar red flags to those shown by SVB Financial through the fourth quarter. This time, we will show how much they reported in unrealized losses on securities — an item that played an important role in SVB’s crisis.

California’s wine industry is facing a potential short-term cash crunch and long-term loss of funding from the collapse of Silicon Valley Bank, which was a significant lender to vineyards and winemakers.

Hundreds of wine producers borrowed from the bank and deposited their cash there, including some small, midsize and privately held businesses that are trying to make payroll or loan payments. 

Following the collapse of the Silicon Valley Bank this past week, investors remembered being recommended to purchase the stock by CNBC’s Jim Cramer during his show Mad Money last month in what is perhaps one of the worst stock buy calls in the host’s history.

Cramer made the call on February 8th when he explained that the bank was a high performer: “The ninth-best performer to date has been SVB Financial. Don’t yawn.”

“This company is a merchant bank with a deposit base that Wall Street has mistakenly been concerned about,” he said noting that it bought a research firm called D.A. Davidson,” he said, adding, “SVB’s nearly 40 percent rally this year is barely a drop in the bucket.”

Webmaster addition: Cramer is in a great position to do a "pump and dump" by encouraging people to buy stocks he himself bought at a low price. The stock price jumps following his broadcast and Cramer sells!

Ilove a good conspiracy theory. Aliens, ancient builders, Bigfoot—I will absolutely click on that headline and read the latest conspiracy, no matter how fanciful or ludicrous. Everyone has a harmless personal foible, right? And in the times we live in now, shadowy government conspiracies and UFOs are no longer just for “The X Files.”

My favorite new conspiracy theory goes like this: the Democrats know they are in big trouble for 2024. They have this addled, dementia-riddled, diaper-wearing octogenarian and his dreadful wife occupying the White House, and he’s become an embarrassment. These days he makes three to four hair-curling, cringey gaffes per week, falls up the stairs to Air Force One every time he tries to trot up them to project American strength and vigor, and has been credibly accused of passing gas in front of the Queen Consort of England. But Democrats can’t abandon him before the primaries because, well, Kamala. So Biden will announce he is running again but will withdraw sometime around the Democratic National Convention so as to clear the presidential field for . . . 

Michelle Obama. 

The stench of desperation is hilarious, isn’t it? 

Imagine what it would take to get 419 members of the House of Representatives, the most conservative and the most liberal, to vote unanimously together on something, and then realize that it just happened.

In a 419 – 0 vote the House voted on Friday to declassify all intelligence reports on the origins of the COVID pandemic, CBS News reported.

The bill, which already passed the Senate, would require Director of National Intelligence Avril Haines to declassify any information about links between the origins of the COVID-19 pandemic and the Wuhan Institute of Virology, the controversial viral research laboratory in the city where the SARS-CoV-2 virus first emerged. The vote in the House was 419 to 0. 

Webmaster addition: This is a setup. Note that they are declassifying only the links pointing at the Wuhan lab, to demonize China as the war drums beat louder. The fact that the gain-of-function word done at Wuhan was directed and funded by the US will be hidden!

The Biden Administration’s proposed budget for 2024 includes funding for genital mutilation surgeries and hormone treatments for veterans who think they are “transgender.”

As the Daily Caller reports, the budget proposal comes after the Department of Veterans Affairs was ordered to lift a 20-year ban on such transgender procedures in June of 2021, thus allowing such treatments to be covered by Veterans Affairs (VA) benefits.

“Recognizing the diversity of America’s veterans, the Administration is also taking action to advance equity across veterans’ services,” the budget proposal declares. “In addition to ending the ban on transgender service, the Administration is committed to providing gender affirming care to the Nation’s veterans — and last year, the VA announced that it was extending survivor benefits to certain survivors of Lesbian, Gay, Bisexual, Transgender, Queer, and Intersex veterans.”

Webmaster addition: What about veterans who think they are ugly and want to look better? Will the taxpayer's be forced to pay for plastic surgery?

‘Moderate’ Sen. Joe Manchin continues to be a thorn in the side of President Joe Biden and fellow Democrats by refusing to go along with the party’s most extreme left-wing initiatives and political nominees.

Twice last week, for instance, the West Virginia Democrat refused to support Biden’s political nominees as he blasted the administration’s “partisan politics” in picking hard-left nominees.

And he also lashed out at the administration for refusing to follow the letter and spirit of the law when it comes to the co-development of renewable and fossil fuel energy.

In an op-ed Friday published in the Houston Chronicle, Manchin announced that “as chairman of the Senate Energy and Natural Resources Committee, that I will not be moving forward the nomination of Laura Daniel-Davis as assistant secretary of the Department of Interior.”

The federal government won’t bail out the failed Silicon Valley Bank, Treasury Secretary Janet Yellen said Sunday.

Yellen, appearing on CBS’ “Face the Nation,” balked at the government rescuing the nation’s 16th-largest bank, as was done for hundreds of institutions during the financial crisis in 2008.

“During the financial crisis, there were investors and owners of systemic large banks that were bailed out,” Yellen said. “And the reforms that have been put in place means that we’re not going to do that again.”

Yellen still insisted that officials are “concerned about depositors and are focused on trying to meet their needs.”

Customers are widely expected to make a run on Silicon Valley Bank on Monday morning when cash covered by the Federal Deposit Insurance Corp. is supposed to be available.

Webmaster addition: And if you believe Janet, I have some of Saddam's nuclear weapons to sell you!

Federal Reserve rate hikes are killing regional banks and the housing market

Webmaster addition: Is this crash being orchestrated to bring about a single global currency and a global economic authority?

The co-founder of Home Depot, Bernie Marcus, says Americans need to 'wake up' to the reality that the US economy is facing tough times following the collapse of Silicon Valley Bank.

Marcus also laid some of the blame for the bank's failure with the Biden administration over prioritizing 'global warming' instead of shareholder returns.

He argued that the collapse of the bank shows the US economy is not as strong as President Biden has suggested. 

Dr. Anthony Fauci has hit back against those wishing to see him prosecuted over his handling of the COVID-19 pandemic. 

The now retired Fauci, 82, called his accusers 'insane,' during an interview with CNN's Jim Acosta Saturday. 

He said he and his family are still receiving death threats due to his response to the 2020 pandemic - months after stepping down from his role as director of the National Institute of Allergy and Infectious Diseases.

Webmaster addition: Fauci plays the victim card!

As The Gateway Pundit reported on Friday, Silicon Valley Bank was closed by the FDIC due to the bank losing over 60% of its value after the company disclosed major losses from security sales.

Many political pundits and investors have called for lawmakers to bailout out the failed bank.

Those advocating for bailouts have shied away from telling the public that SVB employees and affiliates voted in the leaders responsible for the current economic crisis.

Open Secret’s data reveals in the 2020 election cycle Silicon Valley Bank employees and affiliates donated over $188,000 dollars to political candidates.

When Philadelphia’s school district overhauled the admissions process at its most-elite public high schools to try to improve socioeconomic and racial diversity, the reaction from parents came quickly.

In surveys and at school-board meetings, parents called the shift to a lottery system demeaning, unfair, stressful and the opposite of equitable. Families shared stories of high-achieving children failing to win a seat in any of the district’s selective high schools, or being placed in a school too far away or one misaligned with student interests.

Some families sued.

“It just turned our whole family upside down,” said Liza Gonzalez, whose daughter enrolled at a Christian high school in the fall after not winning any lottery placements.

A parent group at the city’s top-ranked high school, Julia R. Masterman Laboratory and Demonstration School, recently released a 51-page report contending that Masterman is being “systematically dismantled” by the new system.

Russian state media outlet Sputnik has provided insight into the performance of one of the country’s newest and most capable anti aircraft assets in the ongoing Russian-Ukrainian War, the R-37M air to air missile, the capabilities of which have increasingly been highlighted as a leading threat by Ukrainian and Western sources since 2022. The oversized missile was designed for the Russian Air Force’s MiG-31BM and MiG-31BSM interceptors, which are by far the world’s largest aircraft in the world built for air to air combat and carry the largest sensors of any fighter/interceptor in the world. This makes them well suited to carrying the very long ranged munitions. R-37Ms have more recently been used to equip units of Su-35 and Su-57 fighters, although these aircraft’s carrying capacity and maximum firing altitude are both significantly lower than those of the MiG-31. The missile itself Is prized for its very long 400km range, large 60kg warhead, and Mach 6 speed. This has provided a strong edge over the U.S. Air Force’s top air to air missile the AIM-120D, which although much smaller and better suited to fighter sized aircraft, has a much more modest 160km range, 20kg warhead and Mach 4.5 speed. 

Another Maidan revolution organized by the West, which has already destroyed Ukrainian statehood and led to a full-scale war in Europe, is gaining momentum in Georgia. The ongoing protests in Tbilisi have already shown their real goals, which are far from those officially declared by their leaders from the Georgian opposition. So far, the protesters have stated their unwillingness to know who is being paid from abroad and who is pursuing foreign interests in their country, declaring that they prefer “European ideals” and chimerical Western freedom of speech. More recently, the real political goals behind the ongoing protests have begun to emerge. Starting with riots against a bill aimed at identifying foreign agents in the country, the protesters have already turned to geopolitical issues. Unfortunately, inspired by the puppet opposition, which cares only about its own prosperity and the benefits offered by Western elites, and blinded by the illusory prospect of joining the prosperous “Western garden”, the protesters who are now bravely storming the Georgian parliament clearly do not understand that the only way to get into the “garden” is to sacrifice their own lives for the sake of NATO’s interests in a new war with Russia. The years of war have already claimed the lives of thousands of Ukrainians, but the Kiev regime was still not welcome in the European Union, let alone its membership in NATO. The revolution in Georgia follows the same bloody scenario.

As we have reported, critical race theory and associated racist ideologies have “Established a Beachhead at the Military Service Academies.”

Additionally, we reported that DOD recently held a “Diversity, Equity and Inclusion Summit” despite various challenges presently confronting the military, such as a spike in recent fentanyl overdose deaths. And, as we reported here, President Biden’s new “equity” Executive Order requires DOD to create an “Agency Equity Team.” Part of this team’s mission will be to “support continued equity training and equity leadership development for staff across all levels of the agency’s workforce.”

But now, in a press release, Senator Tom Cotton (R-Arkansas) announces that he has introduced a bill—with Senators Marsha Blackburn (R-Tennessee), Steve Daines (R-Montana), and Mike Lee (R-Utah) co-sponsoring—called the “Combating Racist Training in the Military Act,” which would prohibit DOD from teaching racist CRT ideology “in any Department of Defense institution, including service academies.” Congressman Dan Bishop (R-North Carolina-08) has introduced companion legislation in the House.

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