Will Elon Musk Buy the Failed SVB ???, 4032

Good evening, I’m Still reporting on the coup.

Will more banks run on Mon? That’s what Maria Bartiromo was asking when she gave the longest intro in history this morning about 9:45 am EDT.

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But by 5pm the only news was that the bank would be auctioned off and Silicon Valley Bank paid its staff bonuses while the top brass sold off millions in stocks hours before the collapse.

Yesterday, another big financial analyst, Bill Ackman, saw only doom & gloom on Monday’s horizon:

“SVB-Financial depositors will get around 50% [of their money back on Monday or Tuesday and the balance based on realized value over the next 3-6 months.

“If this proves true, I expect there will be bank runs beginning Monday am at a large number of non-SIB [non-systemically important] banks.”

“No company will take even a tiny chance of losing a dollar of deposits as there is no reward for this risk. Absent a systemwide FDIC deposit guarantee, more bank runs begin Monday am.”

The new Speaker of the House, Kevin McCarthey, whose district takes up a good portion the breadbasket of America, the Central Valley of California, came on Maria’s show and positively oozed calm over the situation.

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Buy out the bank? What a concept! I wonder who he might have in mind. Major financial magazines across the political spectrum chimed in enthusiastically at the possibility of Elon Musk buying SVB and turning it into a digital bank. You mean have a large U.S. bank be capitalized by Doggie Coin??? Now that’s something to think about.

What would be the cost? Well, just before SVB went under, it was supposedly capitalized on a value of 209 billion dollars, however some observers believe that it will at auction go for one-tenth that amount, or about $20 billion dollars. That would be less than half what Musk paid for Twitter!!

Talk about opening a link between BTC and the USD!!! That might just ace out the Fed’s long-planned elimination of cash, and thereby of all financial privacy with it’s oncoming digital dollar exploit.

So, Elon saved Twitter, and thereby probably saved the First Amendment for the United States. Next up, can Elon do it again – this time saving us from the global dictatorship of the New World Order engineered and financed by the Fed?

Ya know, I’ve always suspected that both Elon and Jack Dorsey were fans of The Money Masters. Oh look, I just happen to have a copy of it right here for quick reference.