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?
👇
The investors of this bank (the bank had 100 original founders) had to scramble to come up with money to cover their debt.

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!

A screenshot from the article I showed earlier reaffirms this notion.

People were more concerned with their own business than taking care of the ecosystem as a whole.

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

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

Guess what came next after Thiel (FOUNDERS FUND)and others panicked and withdrew their money?...

BANK
RUN!!

BANK RUNS can be contagious, especially when people panic. This is what led to the Great Depression

I thought this was interesting.
A “Bank Run” is similar to a “Prisoner’s dilemma.”

How much did SILICON VALLEY BANK lose?
During the Great Depression $7 Billion was lost. Equivalent to $161 Billion today.

Silicon Valley Bank lost $42 Billion in WITHDRAWALs in 24 hours.
That’s A LOT!!

What’s weird...

Silicon Valley Bank’s Chinese counterpart...Shanghai Pudong Development Bank...said their operations were "sound" as of March 11, 2023.

☝️Anyone notice the 666 in their logo?

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

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/

THE FALLOUT...

On March 13 (Reuters) SILICON VALLEY FINANCIAL GROUP and two top executives (CEO and CFO)were sued on Monday by shareholders... who accused them of concealing how rising interest rates would leave its Silicon Valley Bank unit...”particularly susceptible" to a bank run.

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

☝️Well...the collapse will certainly have a domino effect over there.

I will end this presentation with the excerpts from today’s Daily Mail. SMH👇