“We’re On The Brink Of A 2008-Style Financial Crisis” – Economist Warns “It’s Really Serious” (VIDEO)
The Biden administration is a complete disaster.
Just yesterday, the federal government had to seize Silicon Valley Bank – this was the biggest bank failure since 2008.
There is concern this can spread and cause a recession.
The bank reportedly holds $173 billion in deposits.
The crash could cause a recession.
The company provided funding to 44% of all venture capital-backed tech and healthcare companies that publicly listed on a stock exchange last year, according to its website.
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Economist and Customers tried to pull millions of dollars out and can’t. Online banking and mobile services showing unavailable for some customers.
Marco Havens CEO Stephanie Pomboy joined Tucker Carlson Tonight to discuss the state of the economy.
She said, “what we are facing right now is really serious and we are on the brink of a 2008-style financial crisis and I’m not trying to be hyperbolic.”
VIDEO (transcript below)
did in 2008. We’re back in the three-letter acronyms and there will be a lot more of those and frankly, I think this is the unintended consequence of the fed’s monetary policy layered with a really bad fiscal policy on top of it but essentially we have been encouraging people to take reckless risk for years just because you had no alternative.
You could get 0% sitting in t-bill or having your money in a bank or you could go out and you could speculate and that is what they have done and that is all coming back to bite them hard and e got some major consequences coming at us and I think it is going to devolve very rapidly because of all the leverage that’s been built up here.”
