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US government bailout of Silicon Valley and banks is $300B gift to rich oligarchs

Geopolitical Economy Report

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Introduction

Three U.S. banks collapsed this march in the span of one week. The Federal Reserve printed $300 billion in order to save their wealthy depositors. This was a massive bailout for the rich, but some people on Silicon Valley are trying to portray this as something that was necessary to save humble working class people. That is a ridiculous narrative.

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