Treachery is a byproduct of the elected workers on Capitol Hill. They work diligently to bankrupt the American citizen to assist their cronies and foreign partners in schemes that made our founding fathers act to protect their liberty.
Recently banks that helped people fund corrupt social justice groups that do not make any products other than nonsense ‘woke ideology’ have crashed, meaning the people who invested in social justice companies with no economic value, lost some money.
The Democrats and RINOS in DC have slowly destroyed the middle class over decades, bankrupting them and denying them opportunities to make their own way in the country with these exact schemes for a long time.
It is a two-tiered system of economics in America.
One where the elite gets to have all the parties, and the ordinary people have to pay all the bills and clean up the mess afterward.
For example, look no further than the ‘Woke” ideology, with which the players in DC keep Americans feeling like it is fantastic to be poor as long as they support someone’s homosexuality and deviant sexual practices or their race riots.
Now banks are crashing after paying for the Woke liberation party that most Americans hate. Here is how we got here.
Firstly, Biden and his wreckless policies and drunken spending on goofy schemes caused inflation, experts like economist Steve Cortes tell us.
Experts, like Cortes, blame the current crisis on Biden’s Bond scheme, which started under Barack Obama called Build America Bonds.
The AP reported, in 2021, about Biden’s reignition of the disastrous plan:
“Federally subsidized Build America Bonds will return as part of President Joe Biden’s $2 trillion-plus infrastructure package, ” the House of Representatives Ways and Means Committee chairman said on Thursday.
Richard Neal, a Democrat who will play a key role in shaping legislation for the plan, said he obtained assurances from U.S. Treasury Secretary Janet Yellen that the bonds and specific tax credit measures will be included.”
Steve Bannon and Cortes spoke about the dilemma we are currently in on the War Room on Tuesday and laid blame right on the feet of Biden and the omnibus spending and his RINO enablers:
Kyle Becker of Trending Politics reported on more details of what Cortes says is the drunken spending that forced the now Biden Bailout of Woke Bank, showing exactly how the dream team there destroyed themselves:
“Silicon Valley Bank, the Woke bank that went belly up, only to be seized and shuttered by the Feds, was a major donor to the discredited activist group “Black Lives Matter.”
So the bank was a lousy investor- because why would they invest in a group that doesn’t make anything and everyone knew was corrupt as heck?
The New York Post reported on the corruption of the fake non-profit, giving details of how the group had hoaxed Americans:
According to tax documents filed with the IRS, Black Lives Matter co-founder Patrisse Cullors used charity funds to pay her brother and child’s father eye-watering sums of cash for various services.
The co-founder’s brother, Paul Cullors, saw a tremendous sum of $840,000 hit his bank account for allegedly providing security services to the nonprofit organization, tax documents seen by The Post show.
Meanwhile, the organization paid a company owned by Damon Turner, with whom Cullors shares a child, almost $970,000 to help “produce live events” and other “creative services.”
On top of the controversy, BLM wrapped up its fiscal year — from July 1, 2020, to June 30, 2021 — with a stunning $42 million in net assets.
The Black Lives Matter Global Network Foundation, primarily seen as a driving force behind the Black Lives Matter Movement, took in just over $90 million in 2022, according to a financial snapshot obtained by AP.
The organization is reportedly looking to build its infrastructure to catch up to the speed of its funding. It plans to use its endowment to become known for more than protests related to Black Americans dying at the hands of police or vigilantes.”
But what has the group done besides scoop up money and pay it to their friends?
Becker went on with more details about Biden’s bailout of the bank that helped fund BLM:
The U.S. government has since stepped in to back billions of bank deposits. Treasury Secretary Janet Yellen and President Joe Biden have avoided invoking the loaded term “bailout.”
But Neil Barofsky, the former Obama administrator who oversaw the Troubled Asset Relief Program, is giving the Biden administration a reality check. This is, indeed, a “bailout.”
“If your definition is government intervention to prevent private losses, then this is certainly a bailout,” Barofsky said.
Will Hild, the executive director of Consumers’ Research, told The Federalist that SVB’s failure “is yet another indication that SVB was focused on woke virtue signaling instead of protecting their customers’ deposits.”
“Time after time we see the same pattern: companies that are the most concerned with ESG scores and woke politics do the worst jobs serving their customers,” Hild explained. “The rest of corporate America should learn from SVB’s failure now, before they are the next company to make headlines for comically poor management.”
It is the exact kind of “moral hazard” that can create a domino effect in the bank industry, ensuring that the administration’s Environmental, Society, and Governance (ESG) and Diversity, Equity, and Inclusion (DEI) initiatives continue to spread like a contagion throughout the bedrock institutions of American capitalism.
