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Bank Stocks Plunge/Bank Run: People Lining Up To Remove Their Money, First Republic Bank, Wells Fargo, And More: SVB Execs Sold Their Stock Recently, On Twitter, Left-Bots Seek To Blame Peter Thiel

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Bank Stocks Plunge/Bank Run: People Lining Up To Remove Their Money, First Republic Bank, Wells Fargo, And More: SVB Execs Sold Their Stock Recently, On Twitter, Left-Bots Seek To Blame Peter Thiel

For Warning People To Take Out Their Money From SVB, Named Best Bank Five Times by Forbes

Celia Farber
Mar 12, 2023
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Bank Stocks Plunge/Bank Run: People Lining Up To Remove Their Money, First Republic Bank, Wells Fargo, And More: SVB Execs Sold Their Stock Recently, On Twitter, Left-Bots Seek To Blame Peter Thiel

celiafarber.substack.com


Let’s open up the comments section to people who have a keen sense of what to expect going forward, sound, constructive advice for people, and anything else that comes to mind.

Twitter avatar for @GRDecter
Genevieve Roch-Decter, CFA @GRDecter
People lining up to pull money out of First Republic Bank in Brentwood, LA this weekend. Wealthy neighbourhood with many uninsured accounts over $250,000. The banks stock is down 33% in the last week. Is this what the start of a bank run looks like?
1:34 PM ∙ Mar 12, 2023
469Likes131Retweets
Twitter avatar for @VigilantFox
The Vigilant Fox 🦊 @VigilantFox
SVB Has Gone Under Completely — The Second Biggest Bank Failure in U.S. History @TuckerCarlson: "When customers showed up at SVB's branch in Manhattan today to get their deposits back, managers called the police. So what we have here is a 1929-style bank run. And that's not a… https://t.co/zugk2ejgYk
1:09 AM ∙ Mar 11, 2023
17,609Likes5,952Retweets
Twitter avatar for @The_Real_Fly
The_Real_Fly @The_Real_Fly
$FRC
Twitter avatar for @mikealfred
Mike Alfred @mikealfred
BREAKING: The FDIC is already on site at First Republic Bank trying to determine the best path forward to protect depositors. Things are moving way faster than expected given the accelerating bank run that has already reached a tipping point.
6:22 AM ∙ Mar 12, 2023
142Likes45Retweets
Twitter avatar for @Jacked2DaTits
Jackd2DaTits.loopring.eth @Jacked2DaTits
BREAKING: 👇 👀 #WellsFargo $WFC 🤔
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2:50 PM ∙ Mar 10, 2023
548Likes171Retweets
Twitter avatar for @VictoryDay_Hope
Lee @VictoryDay_Hope
We knew it was coming, and here it is….. The beginning of the collapse of the financial world. Schwab, Bank of America, Wells Fargo and JPMorgan falling hugely today The liquidity fairy is leaving... EYES ON, another conspiracy theory coming to truth right before your eyes
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7:39 PM ∙ Mar 10, 2023
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Bank Stocks Plunge/Bank Run: People Lining Up To Remove Their Money, First Republic Bank, Wells Fargo, And More: SVB Execs Sold Their Stock Recently, On Twitter, Left-Bots Seek To Blame Peter Thiel

celiafarber.substack.com
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Rob
Mar 12Liked by Celia Farber

As with most things these days, it was a controlled demolition, a take down. SVB had vulnerabilities - they catered to the Silicon Valley tech startup world that boomed during the plandemic when everyone went online. Their customer deposits exploded. Interest rates were extremely low. To get some income they invested the deposits safely in long term US government bonds. As the Fed raised interest rates, the value of these bonds fell and their customers needed cash as the economy cooled. Banks only carry a fraction of their customer deposits in cash. As their customers made withdrawals, they had to sell some of the bonds at a loss, but they weren't in any financial distress. Then JP Morgan, Blackrock, and all of the deep state financial players told all of their customers to close their SVB accounts. Of course, as would be true for any bank in the world, they didn't have the cash to cover such huge withdrawals and before they could arrange loans, the Fed closed them down and took them over.

They could do this to any bank at any time, like they did to SVB and Lehman, or they could paper over the problem. As always it is up to them. They clearly are for the time being working to crash the system. To do this and retain credibility so as to be able to provide the solution, central bank digital currencies, is tricky and requires careful rollout of disasters and timing.

If the media hypes up the fear and the Fed doesn't support the banks, as they've done since the last crash, then it could get ugly. To repeat once again, it is up to them. They have created every crash just as they have created every boom. To give advice is to know their game plan. To trust that the Fed and the Gov't aren't working toward us "owning nothing and being happy" is being blind, deaf, and dumb.

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Ann Tomoko Rosen
Writes On Second Thought
Mar 12Liked by Celia Farber

I’m a bit paralyzed by all of this. Prayer is the only thing I can think of at the moment.

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