Today's RBN show will be a rebroadcast!
“The politics of the destruction of the gas-line – whether it’s an act of war or what – but it was a slap in the face of Europe, saying, you know, “if you’re not going to play ball with me in Ukraine,” said the president… “I don’t care if it’s going to be harder for you to keep your people wealthy and warm.” Basically, that’s what he’s done. And that’s the real input of the story.” -- Seymour Hersh
HSBC on Monday announced a deal to buy the U.K. subsidiary of collapsed U.S. tech startup lender Silicon Valley Bank, following all-night talks.
HSBC confirmed that its U.K. ring-fenced subsidiary, HSBC UK Bank, had agreed to acquire SVB U.K. for £1 ($1.21). The assets and liabilities of SVB U.K.’s parent company are excluded from the transaction.
The Silicon Valley Bank has served as a huge bridge to China and Chinese tech engineers. Is this why the corrupt Biden Gang is bailing it out?
Just this morning the US House reported that they have the goods on the Bidens’ corrupt and criminal actions with China. The Bidens are in bed with the corrupt China regime and the House has the evidence. The Bidens were receiving money from the CCP.
Related to this is the failing Bank, the Silicon Valley Bank which provides massive amounts of funding to the China venture capital sector. The South China Morning Post noted the bridge between the bank and China.
The collapse of Silicon Valley Bank (SVB) has created a sense of panic within China’s tech start-up and venture capital (VC) sector, as the lender served as a bridge between US capital and Chinese tech entrepreneurs.
As of Sunday afternoon, topics related to the collapse of the bank, including “SVB bankruptcy has spread to multiple countries” and “SVB bankruptcy affects Chinese entrepreneurs”, were trending on Chinese microblogging site Weibo, with posts receiving hundreds of millions of views.
“Is the 2008 Financial Crisis happening again?” said a Weibo user with the handle MaxC.
Bank shares plummeted up to 74 percent in pre-market this morning despite Joe Biden's efforts to calm investors after the collapse of Silicon Valley Bank.
First Republic, another San Francisco-based bank, saw its shares drop as low as $21.50 from a high of $81.76 amid fears of a banking rout when Wall Street opens trading at 9.30am.
Biden is due to speak at 8am in an attempt to shore up trust in the sector after the White House yesterday guaranteed it would make SVB customers 'whole' and that 'no losses will be borne by the taxpayer.'
What will happen to our civilization (past, present, and future) if we refuse to come back from the Wokeness infecting our ability to not only see clearly, but to say collectively the most powerful word in the English language? That word: No.
Simple. Eloquent. Definitive. [Harriet Tubman monument unveiled, replacing Columbus statue in Newark, New Jersey, CNN.com, March 12, 2023]:
A monument honoring famed abolitionist Harriet Tubman was unveiled in Newark, New Jersey, this week, replacing a statue of Christopher Columbus removed in 2020 amid social injustice protests, officials said.
The 25-foot-tall monument, titled “Shadow of a Face,” was revealed Thursday at the heart of the city’s recently renamed Harriet Tubman Square, Newark Mayor Ras J. Baraka announced in a statement.
“In a time when so many cities are choosing to topple statutes that limit the scope of their people’s story, we have chosen to erect a monument that spurs us into our future story of exemplary strength and solidity,” Baraka said.
The Stanford Law School student shout-down of Fifth Circuit Court of Appeals Judge Stuart Kyle Duncan was disgusting, and the conduct of Associate Dean for Diversity, Equity, And Inclusion Tirien Steinbach in berating the Judge for showing up was atrocious. See this post for the gory details, Stanford Law Students, With Support From Diversity Dean, Shout Down Visiting Appeals Court Judge Because He’s Conservative.
But it’s worse than it appears. The abuse hurled at Judge Duncan is a direct outgrowth of the abuse hurled at conservative Supreme Court Justices, as I documented in Stanford Law Student Shout-Down Reflects Normalization Of Intimidation Of Conservative Judges.
That toxic national environment was evident at Stanford Law where Federalist students had their images plastered on protest posters with an implicit threat to target them.
Stanford’s enrollment rate for white students in the Class of 2026 was 22%, a drop from 40% for the Class of 2016 just ten years ago. While Stanford claims that “the University does not use quotas of any kind in its admission process,” a further exploration of Stanford’s enrollment statistics by the Review reveals that the university has seemingly taken part in racial engineering over the past several years—practically exchanging white applicants for Asian applicants while holding other racial group enrollment rates constant.
Over an eleven-year period, the data demonstrates that Stanford has decreased enrollment of its white students by approximately 15% and increased the enrollment of its Asian students by about 10%. All other racial groups, however, have remained roughly the same.
In 1978, the Supreme Court ruled in Regents of the University of California vs. Bakke that racial quotas were unconstitutional. Stanford claims to comply with Bakke, but the data points to a different story. Black and Hispanic enrollment rates for the Class of 2026 vary only by 0.76% and 0.44% from their enrollment rates for the Class of 2015, respectively. Whites and Asians in the Class of 2026, however, vary by 12.35% and 8.37% from their enrollment rates over a decade ago in the Class of 2015.
The forces of history have entangled the U.S. Marine Corps and the island of Guam in myriad ways. The island’s main road is named “Marine Corps Drive” in honor of the 3rd Marine Division that expelled occupying Japanese troops during World War II. A significant but lesser-known connection can be found in Marine Corps expeditionary thought. Over three decades before the Marines’ “liberation” of Guam, a legendary Marine predicted Japan’s occupation of the Pacific. During his visits to Guam, he conceived and practiced the means that became modern amphibious warfare. Guam was a landscape in which Marine Corps expeditionary thought was birthed.
James O'keefe claims to have exposed a government conspiracy to frame citizens at the January 6th protest. According to him, a disturbing video shows political power brokers, including Alexandria Ocasio-Cortez, Nancy Pelosi, and Joe Biden, discussing how to spin the narrative to protect their own interests. While the video paints a troubling picture, it's important to note that its authenticity cannot be independently verified at this time and if his claims are accurate. Time will tell.
One of the domestic terror suspects arrested in Atlanta recently is the transgender daughter of a North Carolina millionaire.
The Daily Mail reports that James’ Jamie’ Mariscano, 29, was among some Antifa protestors arrested Sunday night after burning construction vehicles and attacking police officers. They have been in a standoff at the future site of the Atlanta Police Safety Training Center. The Antifa group there went after police officers with both fireworks and Molotov cocktails.
Mariscano has been shown as an outspoken critic of the police since her first year in law school, and she has maintained that position and platform for a long time. However, it is interesting to see some wealthy and powerful
people whose children are now getting tied up. You see, Michael Mariscano is the father of Jamie Mariscano, and he has previously been touted as one of Charlotte, North Carolina’s “most powerful men.” He is personally a millionaire and manages a fund with a collective $4 billion in assets, according to reporting by the Daily Mail.
Some parents in South Carolina have brought a lawsuit against their local school system after their daughter was allegedly attacked for not saying the Pledge of Allegiance.
Fox News reports that Marissa Barnwell is a 9th-grade student and held a press conference in which she stated that she was walking quietly to class at River Bluff High School in Lexington, South Carolina when she decided not to stop to recognize the Pledge of Allegiance or moment of silence. She said that when she made this choice, a teacher yelled at her and pushed her against a wall for not doing what she was supposed to do.
Dr. Anthony Fauci said Saturday that a coronavirus lab leak could still be considered a "natural occurrence" if the definition of lab leak meant that someone was infected in the wild and went "into a lab," was studied in a lab, and then "came out of the lab."
Fauci joined CNN's Jim Acosta on Saturday and speculated how a coronavirus lab leak could have occurred.
"A lab leak could be that someone was out in the wild, maybe looking for different types of viruses in bats, got infected, went into a lab, and was being studied in a lab, and then came out of the lab. But if that's the definition of lab leak, then that's still a natural occurrence," Fauci said.
Republican governors are pushing several higher education reform efforts to counter culture wars on college campuses.
Republican Govs. Ron DeSantis of Florida, Greg Abbott of Texas and Glenn Youngkin of Virginia have made education policy a staple of their governing platforms. Higher education reform efforts include calls to defund diversity, equity and inclusion (DEI) programs, crack down on Critical Race Theory (CRT) mandated in classrooms, reverse the surge of gender ideology and walk back tenure — a controversial stance from professors on both sides of the political aisle. (RELATED: College Enrollment Decline Tied To Pandemic-Era Mandates, Population Decrease, Expert Says)
DeSantis made higher education reform a focal point of his 2023 legislative agenda, announcing on Jan. 31 that his proposed legislation would “bring more accountability to the higher education system” by prioritizing “education not indoctrination” and strengthening civics curriculum. His agenda includes a call to defund DEI initiatives and favor education “rooted in the values of liberty and western tradition,” tighten tenure policies by requiring post-tenure review at any time and pouring $15 million into New College of Florida — where he recently appointed six conservative board members who have already begun stripping the school of its DEI programs.
Attorney Joseph D. McBride is building a levee against the lies the Democrats have spread about what happened on Jan. 6.
McBride announced on Friday that he is filing a motion to stop the government from lying to the public and, in doing so, heaping injustice on many of the Jan. 6 political prisoners.
“We just filed a motion in USA v RYAN TAYLOR NICHOLS to prevent the Government from advancing the false narrative that police were killed by protestors on J6,” McBride tweeted on Friday.
“NO MORE LIES,” he asserted.
The Pentagon said in a recent letter to lawmakers that it could kick out as many as 16,000 unvaccinated troops, despite its coronavirus vaccine mandate no longer being in effect.
The letter, from the Under Secretary of Defense for Military Personnel Gilbert Cisneros, said that despite the mandate no longer being in effect, military officials “continue to review cases on an individual basis to determine appropriate action” for troops who did not get vaccinated and did not request an exemption.
Rep. Thomas Massie (R-KY) was on a Zoom meeting this afternoon with members of Congress, the Fed, the Treasury, and FDIC. The call was organized after Silicon Valley Bank crashed and was taken over by the State of California on Friday.
Silicon Valley Bank was the largest US bank to crash since the 2008 banking crisis.
During the call on Sunday afternoon Massie reported that one Democrat Senator asked if there was a program in place to censor free speech at this time on social media.
The first thought of the Democrat Party is to strip Americans of their right to free speech and the free flow of information.
These people are not your friend.
Signature Bank, one of the two big US destinations for crypto companies, has been closed by New York regulators. “All depositors of this institution will be made whole,” the Treasury, Federal Reserve and Federal Deposit Insurance Corporation said in a joint statement.
This is the third major bank that has fallen in the space of a week, and investors are spooked. The joint announcement that depositors will be protected above the $250,000 guaranteed by the FDIC appears to be meant to reassure banking customers that their money will not be frozen. Signature had $88.59 billion in deposits as of December 31, 2022. The New York Department of Financial Services has taken possession of the bank.
The demise of Silicon Valley Bank will spread ripples throughout America’s economy.
Silicon Valley Bank’s main focus was funding technology startups, according to CNBC. Although the Federal Deposit Insurance Corp. insures up to $250,000 per client deposit, CNBC said the FDIC’s protection has limited impact because most of its customers were businesses.
Banking regulators devised a plan Sunday to backstop depositors with money at Silicon Valley Bank, a critical step in stemming a feared systemic panic brought on by the collapse of the tech-focused institution.
Depositors at both failed SVB and Signature Bank in New York, which was shuttered Sunday over similar systemic contagion fears, will have full access to their deposits as part of multiple moves that officials approved over the weekend. Signature had been a popular funding source for cryptocurrency companies.
Last Friday, Roku announced that it has $487 million in cash at the failed Silicon Valley Bank. That came as the federal government seized the Silicon Valley Bank earlier on Friday. Now the U.S. Treasury will back all deposits in the Silicon Valley Bank, meaning Roku will soon get access to its money.
The Federal Deposit Insurance Corp typically only protects $250,000 of deposits. Beyond that, Roku’s money was in danger of being lost. This works out to be about 26% of Roku’s cash reserves.
Roku did say that this will not affect its operations and that Roku is still able to continue.
“At this time, the Company does not know to what extent the Company will be able to recover its cash on deposit at SVB,” Roku warned investors. Roku did say the cash they have “will be sufficient to meet its working capital, capital expenditures, and material cash requirements from known contractual obligations for the next twelve months and beyond.”
Roblox Vimeo and many other companies all have found themselves unable to access the cash they have put into the Silicon Valley Bank. FuboTV announced today that it doesn’t have any bank accounts there.
Billionaire hedge fund manager Bill Ackman says more banks will probably fail even if U.S. authorities step in to shore up confidence in the banking system after last week's collapse of Silicon Valley Bank.
Ackman, whose hedge fund Pershing Square Capital Management oversees roughly $16 billion in assets, criticized the government's response on Saturday as he predicted 'economic meltdown' within hours of the banks opening on Monday morning.
The Federal Reserve on Sunday night announced that all those with money in SVB will get their money back, while stressing no taxpayer money will be needed to cover the loses because the body is funded from its own financial operation.
Oscars host Jimmy Kimmel couldn't resist a chance to make a January 6 reference against Fox News' Tucker Carlson after the award for film editing was handed out during Sunday night's ceremony.
'Anyone who's ever received a text message from their father knows how important editing is,' he began. 'Editors do amazing things. Editors can turn 44,000 hours of violent insurrection footage into a respectful sightseeing tour of The Capitol. Their work is underappreciated,' Kimmel said.
It was an obvious reference to Carlson, despite Kimmel not even mentioning him by name.
Heavily-armed Mexican military and US Customs and Border Protection officers were manning the El Paso border on Sunday evening after 'at least a 1,000' migrants unsuccessfully tried to rush a checkpoint.
Video shared by Fox News reporter Bill Melugin showed the 'bilateral show of force' on the border, which included armed security forces in riot gear, barbed wire, concrete blocks and mesh fence on the Paso Del Norte Bridge.
It was shared hours after different footage showed hordes of migrants charging past a line of Mexican officials at the border between Juarez, Mexico, and El Paso, Texas.