What if the “mature companies” couldn’t keep up with this operation scheme Silicon Valley Bank had created...and everything went out of balance?
What next?
What next?
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According to Regulatory filings from December 2022, they estimated that more than 85% of deposits into Silicon Valley Bank were uninsured.
When this happened Moody downgraded Silicon Valley Bank.
Then what?
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The investors of this bank (the bank had 100 original founders) had to scramble to come up with money to cover their debt.
When this happened Moody downgraded Silicon Valley Bank.
Then what?
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The investors of this bank (the bank had 100 original founders) had to scramble to come up with money to cover their debt.
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Silicon Valley prided themselves that everyone would look after each other. They had what they believed was a WWG1WGA bond with each other.
When push came to shove...and the going got tough...did they all rise to the occasion and cover each other...and do the right thing and infuse cash back into their fledgling bank?
The answer was NO!!! Some did the right thing...others did NOT!
When push came to shove...and the going got tough...did they all rise to the occasion and cover each other...and do the right thing and infuse cash back into their fledgling bank?
The answer was NO!!! Some did the right thing...others did NOT!
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One of the first people to jump was Peter Thiel, the founder of Pay Pal.
He withdrew ALL of his money from SILICON VALLEY BANK.
https://finance.yahoo.com/news/thiel-founders-fund-withdrew-millions-005223787.html
He withdrew ALL of his money from SILICON VALLEY BANK.
https://finance.yahoo.com/news/thiel-founders-fund-withdrew-millions-005223787.html
Yahoo Finance
Thiel’s Founders Fund Withdrew Millions From Silicon Valley Bank
(Bloomberg) -- Peter Thiel’s Founders Fund had no money with Silicon Valley Bank as of Thursday morning as the bank descended into chaos, according to a person familiar with the matter.Most Read from BloombergFirst Republic Set to Get $30 Billion of Deposits…
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By the way...in our “Adrenochrome” presentation on 12-1-22 we shared that
Peter Thiel was looking into “Young Blood” transfusion, and the process of “parasymbiosis.”🤮
Ambrosia is the company doing these “young blood transfusions” in Silicon Valley.
Can you say CREE-PY?!
https://www.vanityfair.com/news/2017/06/this-anti-aging-start-up-is-paying-thousands-of-dollars-for-teen-blood
Peter Thiel was looking into “Young Blood” transfusion, and the process of “parasymbiosis.”🤮
Ambrosia is the company doing these “young blood transfusions” in Silicon Valley.
Can you say CREE-PY?!
https://www.vanityfair.com/news/2017/06/this-anti-aging-start-up-is-paying-thousands-of-dollars-for-teen-blood
Vanity Fair
This Anti-Aging Start-Up Is Charging Thousands of Dollars for Teen Blood
Paging Peter Thiel.
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Early in the morning of March 10 examiners from the Federal Reserve and the FDIC arrived at the offices of SVB to assess the company's finances.
Several hours later the California Department of financial Tection and innovation issued an order taking possession of Silicon Valley Bank citing inadequate liquidity and insolvency.
https://en.m.wikipedia.org/wiki/California_Department_of_Financial_Protection_and_Innovation
Several hours later the California Department of financial Tection and innovation issued an order taking possession of Silicon Valley Bank citing inadequate liquidity and insolvency.
https://en.m.wikipedia.org/wiki/California_Department_of_Financial_Protection_and_Innovation
Wikipedia
California Department of Financial Protection and Innovation
California state department
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Digging further into this bank, there were some weird things associated with it.
A head of risk management at Silicon Valley Bank spent considerable time spearheading multiple “woke” LGBTQ+ programs, including a “safe space” for coming-out stories, as the firm raced toward collapse.
They also launched the company’s first month-long Pride campaign and a new blog emphasizing mental health awareness for LGBTQ+ youth.
https://nypost.com/2023/03/11/silicon-valley-bank-pushed-woke-programs-ahead-of-collapse/
A head of risk management at Silicon Valley Bank spent considerable time spearheading multiple “woke” LGBTQ+ programs, including a “safe space” for coming-out stories, as the firm raced toward collapse.
They also launched the company’s first month-long Pride campaign and a new blog emphasizing mental health awareness for LGBTQ+ youth.
https://nypost.com/2023/03/11/silicon-valley-bank-pushed-woke-programs-ahead-of-collapse/
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Who got hit big in all of this??
The WINE INDUSTRY!
Shall we talk about all the tunnels underneath Napa Valley?
https://www.dailymail.co.uk/news/article-11847169/California-wine-industry-faces-financial-crisis-majority-vineyards-locked-accounts.html
The WINE INDUSTRY!
Shall we talk about all the tunnels underneath Napa Valley?
https://www.dailymail.co.uk/news/article-11847169/California-wine-industry-faces-financial-crisis-majority-vineyards-locked-accounts.html
Mail Online
California wine industry faces financial crisis - with majority of vineyards locked out of their accounts amid SVB collapse
The California wine industry is facing crisis following the closure of Silicon Valley Bank the primary financial institution for wineries in the region for nearly 30 years.
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Forwarded from Disclose.tv
NEW - Collapsed Silicon Valley Bank was in deep with Chinese banks and companies. SVB was especially popular among Chinese biotech groups that operated between the US and China, according to the Financial Times.
https://www.ft.com/content/716b793e-d650-4e23-9e6f-600c1e4dc760
@disclosetv
https://www.ft.com/content/716b793e-d650-4e23-9e6f-600c1e4dc760
@disclosetv
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