New SGTReport: Black Monday: Fed Capitulates – The Spark for Hyperinflation and Collapse Sunday, March 12, 2023 23:29 Source: Before Its News FRIDAY’S TOTAL IMPLOSION OF SILICON VALLEY BANK’S $200+ BILLION IN DEPOSITS CREATED AN EXISTENTIAL THREAT TO THE CONfidence IN U.S. BANKS. EITHER THE FED WOULD STEP IN OR TOTAL CHAOS WOULD ENSUE ON MODAY MORNING. SO ON SUNDAY AFTERNOON THE FED & U..S TREASURY ANNOUNCED THAT THEY WILL BACKSTOP ALL DEPOSITS AT SVB *AND* SIGNATURE BANK IN NEW YORK (WHICH IS new NEWS). The Fed’s actions amount to a finger in the dam for a banking system and…
Romeo Full Staff
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