Even following the worst bank failure since 2008, “President” Biden apparently can’t stop spreading massive economic disinformation.
Including disinformation that seems to relay good news, when in reality the long run consequences are dire.
“Americans can have confidence that the banking system is safe. Your deposits will be there when you need them,” Biden brayed.
In other words, the Federal Reserve will happily print money for lucky recipients, otherwise known as Democrat sycophants.
Goldman Sachs, for instance, cozied up to Obama, enjoyed immense profits, and paid the former president upwards of $400,000+ per speech.
As if Obama has an extensive experience in finance, barring the shady international deals that Biden’s son brokered.
And, surprise, surprise, Silicon Valley Bank invests (big time) in the Biden regime’s deranged green agenda (i.e., greenbacks for elites), one of the many reasons why the ultra-woke, irresponsible bank was bailed out.
Next thing you know, Biden will probably claim that now student debt has to be forgiven as a bank’s debts were.
And so it goes.
Vivek Ramaswamy, the former personal attorney of former President Donald Trump, revealed one of the many reasons why he may be a viable contender for the presidency, especially given his intentions to shred the Fed.
“’It is absolutely, cut and dry, 100% down the fairway bailout. This is a textbook bailout. But it’s not a bailout of the bank, it’s a bailout of Silicon Valley itself,” Ramawamy stated to Daily Mail.
Of course. The government picks and chooses who it bails out, and it certainly won’t be going out of its way to lend a helping hand to select groups.
Silicon Valley, however, which provides all the platitudes regarding the environment while supplying the swamp with advanced surveillance in private, is of course worthy of saving, in the Dems’ eyes.
“I sort of termed this – the way this should be remembered in history is the Silicon Valley Bailout. That’s what this is, because who did they bail out? They bailed out tech companies that made disastrous financial decisions, thinking that they didn’t have any responsibility to exercise financial prudence,” Ramawamy remarked wryly.
Little wonder their brainless followers whining about student debt have a similar inability to grasp “financial prudence.”
However, students won’t get bailed out as quickly as woke banks, given that a Dem will clearly prioritize the dollars … going to them.
“And you know what, the Biden administration vindicated them. And they were coddled … this is a big part of where the donor base of the Democratic Party comes from,” Ramawamy continued.
Absolutely. The dark money brigade continues.
One thing is for sure: Ramawamy absolutely wants to put a lid on the Fed, especially as they have not exactly “done a very good job” of managing the economy.
In remarks to Rudy Giuliani, Ramawamy continued his anti-printing money commentary, shredding the central bank for “playing financial god.”
“Look, the deeper problem here is the cancer of the Federal Reserve in our country. The Federal Reserve has been playing financial god for the last 25 years trying to balance inflation and unemployment,” Ramawamy asserted.
He also suggested that he would fire up to 90 percent of the Federal Reserve if he became president.
Considering the bank’s propensity for bailing out woke banks, that’s a platform worth voting form.
Author: Ofelia Thornton