Thursday, December 12, 2024

Tag: Pac West

Financial “death spiral” ensues as SVB, First Republic, Pac West, Signature Bank all COLLAPSE… contagion continues

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    by Ethan Huff, Natural News:

    If you think the banking collapse will end with Silicon Valley Bank (SVB), think again.

    Contagion is already spreading as Americans are waking up to the fact that the American financial system is a fraudulent Ponzi scheme that will result in financial ruin for many – especially those whose lives and livelihoods depend on it the most.

    “I don’t think we’re going back to where we were in 2008 necessarily, but these things aren’t one-offs,” said University of San Diego finance professor Dan Roccato about the situation.