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March 12, 2023 - Health Ranger - Mike Adams
29:42
Get your money out of these WOKE BANKS run by risk-oblivious IDIOTS!
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Welcome to this special report about the collapse of the woke Silicon Valley Bank, or SVB, which, as we're finding out, turns out to have collapsed because of woke magical thinking.
So this is a bank that had executives focused on running Lesbian Awareness Day and trans activities instead of doing risk assessment.
In fact, one of the risk assessment officers was actually running all the LGBT programs.
So she was spending...
Oh, and she's a queer person of color, etc., etc.
Check off all the checkboxes.
And she was running these programs instead of figuring out how to not collapse and lose everybody's billions of dollars.
See?
This is the thing.
Woke idiots believe in magical thinking.
And in magical thinking, they don't think that there are real-world consequences for anything.
They don't believe in biology.
They don't believe in cause and effect.
They don't understand where money comes from and how it vanishes.
They don't know anything about anything.
Economics, finance, history, where resources come from, logistics, transportation, manufacturing, nothing.
This is an artificial bubble world in California of these VC companies that just have money from nowhere.
It's just like falling out of the sky.
VC money.
Here, you have $10 million.
You have $10 million.
It's like Oprah announcing cars.
And you get a new car!
And these people are out on their yachts and their jet skis or skiing on snow-capped mountains.
And they're all telling each other how woke they are.
They're all virtue signaling all the time.
And pretending like they're actually contributing something to society with their startups that are mostly garbage.
Most of them fail.
Most of them are the dumbest ideas ever.
But they think they're rich because they're living in an artificial, magical world.
And that world, folks, just collapsed with the collapse of Silicon Valley Bank.
The wokiest woke bank ever.
Just collapsed.
Which is actually, in a sense, it's good news because it means that this contagion won't Affect all the other banks in the industry because most banks aren't run by woke idiots, it turns out.
Yeah, most banks actually have somebody in charge of the risk assessment department that understands risk and understands cause and effect of money, or you would at least, you would hope so.
You would hope so.
Now, I understand there's a lot of virtue signaling in these big corporate banks, but Silicon Valley Bank was totally obsessed with Woke idiocy.
Just being as woke as possible.
Because, well, they're in California.
And they serve the California woke community.
The woke community that is now the broke community, it turns out.
In fact, over the next 30 days, as John Perez just predicted, 50,000 woke tech workers will lose their jobs.
Just because of this fallout from Silicon Valley Bank.
50,000 more workers will lose their jobs.
Yeah, well, get woke.
Go broke.
You know, it's important to be able to operate in the real world where you don't put all your eggs in one basket, where you don't put $500 million in a bank that only has FDIC coverage for a quarter of a million.
And I don't know how many times that we've had this conversation.
I've covered this relentlessly for years, years, years, warning about bank collapse.
Bank collapse is coming.
Of course, the woke people are like, no, it's not.
You're just fear-mongering.
It's all good.
You know, until the day comes that their bank collapses.
But as you know, you've got to spread your deposits around.
If you're running a company, even if you have a million dollars, which is not much these days for a company, you need to spread that around into multiple banks.
You can't put all your million dollars in one bank.
You're not even covered for anything over a quarter of a million.
But these people just thought they were immune to reality.
That's the funny thing here.
They thought they were immune to reality because they can always, you know, self-identify as whatever they want.
They think a man can get pregnant and have a baby.
So they think that their money is safe.
Well, magical thinking doesn't work, it turns out.
And they're learning that lesson the hard way.
But of course, they want you to bail them out.
See?
So now, the same woke idiots that collapse this system, the same woke idiots that refuse to believe in economic cause and effect, they want you to bail them out for their mistakes.
Because of course, woke idiots never take responsibility for the problems and catastrophes that they cause in society or in their own lives.
It's always your fault.
You, you know.
A non-woke person.
It's your fault that they burned through all their cash and collapsed and now they have a massive woke disaster.
So they want bailout money.
Well, Janet Yellen, Treasury Secretary, just said, shockingly, by the way, that there won't be a federal bailout of Silicon Valley Bank.
There won't be a bailout.
Oh, the wokesters are really panicking now.
What?
Because the cry-bully tactics have always worked before.
You know, we're the victims!
We're the victims!
Give us your money!
Give us everything that we demand!
We're the victims!
Here's our list of demands!
Because that's what they learned when they were in college, right?
List of demands!
List of demands!
If we don't get our demands met, then we're going to occupy the student union!
This is how they operate in society.
Well, guess what?
Janet Yellen just said, you're not getting your demands.
You're not getting a bailout.
Guess what the woke idiots are getting instead?
Guess what?
Oh, they're getting, what's it called?
Receivership certificates.
You know what that is?
That's the woke wake-up call right there.
Receivership certificates.
That's an IOU from a bank bail-in is what that is, folks.
And you know what bank bail-ins are because, of course, you're intelligent.
You're informed.
And we've talked about this before many times.
Bank bail-ins are coming, we said.
You know, while all the woke idiots were like, no, it's not.
It's not going to be bank bail-ins.
You're just doom and gloom.
You're exaggerating.
Sensational.
So this is a bank bail-in.
A bank bail-in is where the bank takes your money.
In this case, the FDIC has taken over the bank, and they've taken over your money if you had deposits there.
And now they're issuing you, or about to, they're going to issue you a receivership certificate, which is a piece of paper that says, we owe you something at some point.
And you might get some money if we ever manage to sell off the bank's assets at, you know, deep losses, of course.
deep, deep losses because the bank owned a lot of long-term bond debt, well, bonds representing debt at very low interest rates, I think 1.5% or something.
And of course, in the economic environment of rising interest rates, fixed interest rate bonds continue to lose money and lose money or lose value, right?
I know that the woke idiots don't understand any of this because they don't understand cause and effect, money, bonds, debt, nothing.
But this is how things work in the real world.
Fixed interest rate bonds lose value as interest rates rise.
Why?
Well, because who wants to keep their money in a 1.5% bond when they can just go over to the Treasury and buy Treasury bills and earn what?
What are Treasuries up to right now?
Like 4% or something?
I don't even know what the number is.
But it's a lot more than 1.5.
Maybe it's 3.5.
Even if it's just 3, that's double.
So who wants to own 1.5% bonds?
Nobody.
So, of course, they're sold at a discount.
So the assets that were handed over to Silicon Valley Bank, the woke broke bank assets were used to purchase long term bonds with low, low yielding interest rates that are now increasingly worthless.
See?
And they were too busy running trans programs and lesbian awareness day to actually think about, hey, maybe we should diversify out of these low interest rate bonds.
You know, maybe we should have a basket of Assets or something other than just, oh, let's put all our money in this one thing and hope that goes well.
Because it didn't.
And by the way, for the record, in no way do I hope for a wider bank run or bank collapse or anything of the kind.
But I absolutely applaud the collapse of woke idiocy economics.
Because it's rooted in fantasy.
The same as woke idiocy biology, rooted in fantasy.
When woke idiocy collapses, it's good for humanity because people need to get back to reality of the way the world actually works.
Actual biology, chromosomes.
You know, XX versus XY chromosomes, huh?
People need to get back to reality on money and finance and risk assessment.
How do you reduce your risk?
Oh, well, you and I are experts in that.
In fact, you're going to be fine through this.
Most people who pay attention to reality and who understand cause and effect in banking and finance and economics have already purchased some gold and silver, right?
Already have multiple bank accounts making sure that you're covered by the FDIC so you keep your deposits below 250k.
You know, most people who are informed and aware And, you know, just intelligent, not woke, but intelligent and informed, they're going to be okay.
It's the woke idiots that are going to get wiped out through this, and frankly, they brought it on themselves because they tried to live in a fantasy world.
And that world is collapsing all around them.
It is collapsing by the day.
So one takeaway from all this, by the way, getting to some practical steps here, is find out how woke your bank is.
If they're woke, take your money out.
And put it into another financial institution that's not run by a To all this talk about lesbian awareness and trans awareness and rainbow flags.
And they're afraid to put a picture of any white male on their site.
Like every picture has to be a person of color.
Every picture has to be a queer person.
Every picture has to avoid a white male.
For some reason, you should probably think twice about having deposits in such a woke bank.
Nothing wrong with having pictures, obviously, of women and people of color and people of different sexual orientations.
But if that's their obsession, then they're woke.
And that's a problem because they're so obsessed with being woke that they're going to go broke.
And they're going to take your money with them when they go down.
And you're going to end up with what?
Oh, receivership certificates.
Remember that term.
Receivership certificates.
Yeah, you used to have a million dollars.
Now you have a receivership certificate.
I hope you feel good about supporting a woke bank if that's what you end up with.
Gosh, they were so woke that they gave us these woke IOUs called receivership certificates.
Too bad all the money is lost, but thank God that they had Lesbian Awareness Day.
That's what counts, you know, in the minds of some people.
Lesbian Awareness Day, more important than getting your deposits back.
But if you want to actually have your money still there when you need it someday, which is the whole point of a bank, you need to find, regardless of color or sexual orientation or religion, you need to find the most economically conservative bank ever.
You need to walk in there, and it needs to be people that are nose-told, To the desk grinding away on numbers, risk assessments, like nerdy people, like nerdy, economically conservative people who are penny pinchers.
You want a bunch of penny pinchers, not risk takers, but penny pinchers.
They need to be the kind of people that when they go to a fast food restaurant, they take a couple of extra napkins because they're trying to save pennies.
Those are the kind of people you want running your bank.
You want the most conservative people possible.
I don't mean politically.
I mean economically conservative.
People who are risk-averse.
You know, people who wear seatbelts.
And if they go biking on the weekend, they wear one of those dorky bike helmets, too.
Yeah, you want your banker to wear a dorky bike helmet.
You want a risk-averse banker at every level.
In fact, you can test them.
You just go in there with a couple of lottery tickets, you know, and talk to your banker.
Hey, I just bought some lottery tickets.
You want one?
And a proper banker should just growl at you, lottery tickets.
Some kind of an idiot, right?
It's a lottery ticket.
Litmus test.
Test your banker.
Make sure they're not into lottery tickets.
If they are, they don't understand risk, do they?
In fact, let me give you a website.
You want to go visit this website.
It's called cancelthiscompany.com.
Cancelthiscompany.com.
And you want to scroll down to the e-commerce section.
And you're going to see which banks and financial institutions are the most woke.
So, for example, the worst e-commerce company, well, among the worst, are PayPal.
And then Zelle, ZellePay, Z-E-L-L-E, says it's owned by Early Warning Services, which is owned by Bank of America, Truist, Capital One, JPMorgan Chase, PNC Bank, U.S. Bank, and Wells Fargo.
Yeah, and Wells Fargo, totally woke, right?
J.P. Morgan, all woke.
Bank of America, so woke, they're going to go broke.
And this website says instead, use AlignPay, or GabPay, or Bitcoin, it says.
And somebody's been telling me about something called Epic Cash, which...
I've got to look into Epic Cash.
I don't know what that is, but I'm going to check it out.
We have to look at alternatives.
Avoid Coinbase.
Coinbase is all woke.
Totally woke.
And they banned Gab.
Etsy.
Etsy is all woke.
And isn't it funny that Etsy just announced, because of the Silicon Valley Bank collapse, that Etsy can't exactly pay people?
You know, sellers?
Right now, oh yeah, if you're owed money from Etsy, it's going to be delayed.
Because Etsy, you know, they got woke.
Now they're going broke.
At least they can't pay.
Watch out for Etsy and eBay and Zelle and a bunch of these.
Coinbase, Instacart, Affirm.
Yeah, horrible companies.
Horrible.
Yeah, don't use MailChimp.
You know, they...
They censored everybody who told the truth about vaccines.
Don't use HostGator for your website hosting.
Don't use DuckDuckGo.
It's a lefty search engine.
Don't use GoFundMe, that's for sure.
Don't use Salesforce or Dropbox or Yelp or any of these woke companies.
Again, go to cancelthiscompany.com and you'll see the list of companies to avoid vaccines.
In terms of bank, this website lists the worst offenders as JPMorgan Chase, Bank of America, Capital One, Wells Fargo, Citibank, Royal Bank of Canada, and Amalgamated Bank.
Plus, of course, Quicken Loans and Minnesota Bank and Trust.
They're the ones that deplatformed Mike Lindell.
Deutsche Bank.
It just goes on and on.
Just go to this website, check out all these companies and avoid them in every way you can.
Discover card, right?
They're going to be tracking gun purchases.
Did you know that?
Discover card.
Don't use them.
But overall, given that we're living in an environment now of banking collapse contagion, right?
It has begun as of last week.
You got to start moving money to institutions that are fiscally conservative, right?
It doesn't mean, again, it doesn't mean politically conservative necessarily, but they tend to go hand in hand because radical Marxist leftists tend to be people who don't do their homework on anything and they believe in magical thinking and they can self-identify as someone who's not broke, right?
So, I mean, get woke, go broke.
It's true.
Get your money out of those institutions.
Stop sending your money to those corporations.
If you want to have the best form of real money, in my opinion, it's physical gold and silver.
Physical gold and silver is where it's at.
Some people are even looking at platinum because it seems to be really undervalued right now compared to gold.
And I'm going to plug our gold and silver sponsor every time I talk about this because I think that everybody needs to seriously look at physical gold and silver as a safe haven.
And whether it's right for you, obviously, is up to you.
You know, talk to your financial advisor.
Do what's right for you.
Your level of quote risk.
I think gold and silver are the opposite of risk because they hold value.
They're elements.
They've been around for billions of years.
They're going to be here long after the collapse of the dollar and even the collapse of the United States, maybe even the collapse of human civilization.
If you want physical gold and silver, which you can later obviously sell back for whatever currency exists at that time, Just go to metalswithmike.com.
That's the Treasure Island Coins and Precious Metals Company, metalswithmike.com.
Honest pricing, very competitive, discreet, insured delivery.
They can also set up silver IRAs for you that are IRS compliant.
So check them out at metalswithmike.com.
And no, the Treasure Island Company is not woke.
They're not woke.
They're just focused on gold and silver in finance.
You know, being woke isn't even on their radar.
They don't have a lesbian awareness day, right?
They're just focused on gold and silver and precious metals and helping people get squared away and that's it.
That's their focus.
And that's what I want from a bank.
I want a bank that just does the damn banking.
I don't want a bank that's all about LGBT day and flag waving and grooming, like pedophiles in the lobby, like raping little children in the lobby.
No!
Children in cages.
I don't want that in a bank or in any company.
I just want a bank that focuses on the money.
Like, try not to lose our money, basically, right?
That's it.
Enough with the grooming and the pedophiles.
Enough with the transgender push on children and the genital mutilations.
Like, stop mutilating children's reproductive organs and just try to not lose our money.
How about that?
There's a goal for you.
You know, even Bernie Madoff, right?
One of the most famous Ponzi schemes in history.
He didn't have to be all woke.
He was stealing money without being woke.
There's plenty of banks out there.
If you just want to lose people's money or steal people's money, you don't even have to be woke.
It's just that if you go woke, it seems to go hand in hand with losing people's money.
That's what has led us to this moment.
As woke compliance officers walking through the corporate offices, do you have the correct number of people of color and people of trans and people of whatever?
You know, instead of looking at the books and like, have you looked at your risk numbers lately?
You know?
These people are insane.
You know, there's plenty of gay people who are good at accounting and math.
Why don't they just hire a gay person who can actually do the risk assessment, you know?
And then they can cover both bases.
But no.
But no.
They just have to hire people who are all about woke and don't even look at the books, I guess.
Don't even look at it.
I want to see every one of these woke institutions collapse, frankly.
They brought it on themselves.
They deserve it.
They're a twisted, demented cult on society.
They push for crimes against children.
They're horrible members of society.
So the sooner they collapse, the better it is for everybody on our planet, as far as I'm concerned.
Now, note carefully, by the way, I'm not calling for everybody to take all their money out of every bank.
I'm just saying get your money out of the woke banks.
The woke idiots will destroy your money.
Hence the corporate list there earlier.
Get your money into small, local, conservative banks if you can find one.
Because they're out there.
And you can do your research.
You can look at the risk assessment of banks.
And a lot of these smaller, local banks are so much easier to work with, by the way.
So much easier.
And they are far more fiscally conservative.
And they will not lose your money.
So again, I'm not calling for, you know, mass panic, take everything out.
No, that's not what I'm calling for.
Move it to conservative institutions, which tend to be these smaller banks, not the globalist banks.
The globalist banks are the Wells Fargo's, the JP Morgan's, you know, the Bank of America, the big banking conglomerates.
They're all woke globalists, you know, WEF. They're all on board with global depopulation and pushing vaccine mandates.
And they ran mask mandates like, you can't bank with us unless you wear a mask.
And then they forced their employees to take the jab and then some of their employees died.
And that's why they're having trouble finding tellers, you know?
You wonder why there aren't enough employees at these banks anymore?
Yeah.
It's because they killed so many of their own employees with the vaccine mandates.
They killed them off.
And they can't hire people that can do math because we're living under a woke education system that no longer teaches integers, you know?
Mathematics, cause and effect, algebra, nothing.
It's all about wokeism now.
So the kids coming out of the school, they don't know anything about how to operate in the real world or do basic math or look at the books, do accounting, anything like that.
So the banks can barely hire anybody that knows what they're even talking about.
I told you this story.
I guess I'll relay it again here.
At a bank that I bank with, I think it was the bank manager, I think it was, Came up to me one day and was like, Mr.
Adams, Mr.
Adams, we have all of us here at the bank, the employees, we've been having an internal debate and we want to know what the correct answer is because we know that you know about numbers and money and things like that.
So here's our question.
I'm like, okay, go for it.
Give me your question.
They said, well, if there's a CD that pays 2%, And if a customer has $100,000 and they want to put into the CDs, would they make more money with one CD at $100,000 paying 2% or two CDs at $50,000 each paying 2%?
And, you know, when I heard this question at first, I thought, this has got to be some kind of a joke.
This is a trick question.
Like, what?
What are you people talking about?
But no, they were serious.
They didn't know the answer.
They didn't know that 100 grand times 2% is the same as 2 times 50 grand times 2%.
They didn't know that that's the same.
That is a 4th grade problem.
Or maybe 5th grade.
I don't know.
Maybe these days it's probably like high school.
It's a simple algebra problem.
Of course, 2 times 50 times 2% is the same as 1 times 100 times 2%.
Of course, it's the same.
These people don't know that.
And one of them was the bank freaking manager.
The bank manager.
Red flags in my mind.
I'm like, oh my gosh, I got to get my money out of this bank.
This is insane.
These people don't know numbers.
My God.
I was laughing to myself about this because I thought I should have answered, yeah, I'd like to open 100,000 CDs with your bank for a dollar each because it pays more.
Get started.
Just see what they do.
Okay, we'll get started.
100,000 CDs for a dollar each.
Good payout.
Again, what's happening to our world?
We're living in idiocracy, folks, but it's woke idiocracy.
That's the problem.
It's woke idiocracy.
So the people out there running the banks and running the corporations, although there are some good people, right?
There are some smart people, informed people, but by and large, At least among these woke corporations, they are idiots.
They don't know anything.
And they will lose your money.
They will collapse.
I mean, they did fine when interest rates were zero.
And all the money was free.
Right?
And there was no accountability.
Here, free money for you!
Universal basic income.
COVID stimulus.
Everything was free.
You can borrow money at no cost.
Well, it's easy to do okay in those times.
Even if you believe in woke economics.
But when interest rates are higher, as they are now, and they're going up, guess what?
All of a sudden, your numbers have to make sense.
All of a sudden, you have to practice some form of fiscal conservatism.
You know, you have to know how to do math.
You have to know how to calculate something really simple like, what does 2% interest mean on $100,000?
Oh my gosh, people don't even know that.
They're out buying lottery tickets, you know, because they can't do math.
So bottom line in all this, folks?
Bottom line?
Well, you know.
You know what it is.
Get your money out of woke banks.
Diversify.
You might even want to convert some dollars into something that will hold value.
You know, the things we've talked about before.
Ammunition, firearms, diesel fuel, land, gold, silver.
Food supplies, garden seeds, you know, all these things.
But those who left their money in the woke banks, it's over.
And remember, they mocked us year after year.
They mocked us.
Oh, you people, you think there's going to be banking problems.
There will never be banking problems.
These are the same people who also said that vaccines are all safe and effective.
And some of them are now dead.
So it must suck being woke, huh?
You lose your money, you lose your life.
It's over.
Well, this is what's happening.
So get ready for the woke week from hell this coming week when other woke banks start to face all kinds of financial pressures.
You're going to see people pulling their money out of financial institutions like crazy.
And again, I'm not calling for that.
I just say pull it out of the woke banks and get it into non-woke banks, you know?
But you're going to see this contagion is going to spread.
And as the tide goes out, you're going to see who's swimming naked.
And it's going to be ugly.
Because a lot of these woke banks, they have no understanding of money, finance, risk, nothing.
They've all been focused on Lesbian Awareness Day instead of actually figuring out how to not lose customer deposits.
So You're either going to end up out of this, you're going to have your money still intact, or you're going to have a receivership certificate, which is a big fat IOU that you'll probably never see.
You'll never get paid on that, or you might get paid pennies on the dollar.
You don't want to end up with a receivership certificate.
You want your money out of the bank.
So, plan accordingly.
Thank you for listening.
Mike Adams here, naturalnews.com and brighteon.com.
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