– The Credit Suisse BAIL IN wipes out $17 billion in bond value
– Swiss government liquidity adds BAIL OUT factor to UBS acquisition
– Global financial crisis began in crypto, moved to Silicon Valley and spread to Europe
– The entire western financial system is headed for catastrophe
– Janet Yellen says the government will CHOOSE which banks survive and which ones fail
– Only the WOKE banks will be bailed out in order to keep WOKE startups alive
– Most SVB startups were focused on WOKE topics like climate change
– All deposits and financial instruments have counter party risk
– Only things you physically control have no counter party risk:
– Gold, silver, land, food, ammo, etc.
– Where to hide your gold with certainty that no one will mess with it
– As the collapse accelerates, people will become even MORE desperate
– As the banks fail, chaos will prevail
