Why 3 US banks collapsed in 1 week: Economist Michael Hudson explains
Geopolitical Economy Report
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Silicon Valley Bank, a Wall Street IPO Pipeline in Drag
SVB was a financial institution deployed to facilitate the goals of powerful venture capital and private equity operators. By financing tech and pharmaceutical startups until they could raise millions or billions of dollars in a Wall Street initial public offering, an IPO. The US government is ensuring that all of their deposits, including above $250,000, is going to be paid to them. So Janet Yellen also said that Ukraine was going to win the war with Russia. I think he's sort of the reincarnation of Pinocchio.
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