BillHolter.com

Bill’s commentary:

“As a result of a failed auction, the US Treasury was forced Sunday night/Monday morning to put its own hollowed out balance sheet on the line. Maybe SVB does get sold, but one must wonder now about the Treasury itself and its pledge to back stop the entire Western world?”

US banking regulators have been placed in a challenging situation following the collapse of Silicon Valley Bank, as they are now responsible for protecting depositors and preventing further bank runs. Regulators are now facing the daunting task of attempting to auction off the failed bank for a second time, but this time have sought the assistance of an investment bank to explore potential options.

Regulators at the US Federal Deposit Insurance Corp (FDIC) tapped advisors at the investment bank Piper Sandler Companies to relaunch a failed auction of SVB, according to Reuters, citing people familiar with the matter.

Officials from the FDIC seized SVB last Friday after $42 billion of deposit withdrawals one day prior caused the bank to fail. A weekend auction of the bank to top institutions proved to be unsuccessful.

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Bill’s frightful commentary:

“Hopefully you have your crash helmuts on! There is much out there and all on a collision course. The banks, the Bidens, Russia/China, vaxidents/gain of function/biolabs and more. 

  First, it is becoming common knowledge that if you took the vax, you made a mistake. And each booster you took was a bigger mistake …as in you killed yourself. I personally have spoken to many people who did take the vax and now have buyers remorse. The knowledge is spreading and the anger, finally, is starting to grow. There are also several lawsuits begun which will surely be followed by more. The “legal shield” seems to have some cracks in it. Do not be surprised when Russia offers proof of biolabs in Ukraine. The media may not report it but I assure you, if a tree falls in the woods where there is no one around …IT DOES MAKE SOUND!

Russia/China have been hard at work, their latest task was brokering a deal between the Saudis and Iran. Previously considered an impossible task. Please keep in mind, the Saudis have said publicly they will take payment in funds other than dollars. Kiss the petrodollar goodbye. Also, it has been reported that The Kremlin has publicly thanked the US for cutting them off from SWIFT, as they now do not need to worry about US banks.

  The banks; the entire US banking system has been downgraded, let that sink in! The SVB “auction” over the weekend looks like it failed. I have heard two reports that there were no bidders, and another where there was only one. No difference, the same thing. I believe this to be true as the Treasury announced Monday morning they would backstop the entire system. Think about this for a moment. The US Treasury, sitting with (on books only) of $31 trillion or 125% of GDP and must borrow over $1 trillion per year just to keep the doors open …will backstop $17 trillion in deposits. Do you see how bad this is? A bankrupt entity is guaranteeing your savings in entities that would already have collapsed were it not for the Treasury declaration. In no way can the Treasury backstop anything …and to add some humor, they are already up against the debt ceiling …whatever that is? Basically, a shitfaced drunk trying to hold up another drunk, quite a sight to see!

  Lastly “the Biden’s”. We have all known about the grift and theft but now it’s getting serious. Apparently there are 150 “suspicious activity” reports filed (ignored) until now. Do they choose now to release them to add to the above party favors? Do they release them now to create even more havoc? Do they let a cackling hyena captain the USS Titanic to her final demise? 

  It does look to me like much of this is coordinated. If not, quite the coincidence but truly ugly if you live in the Western world, particularly the US. Get ready for your world to change drastically …and certainly not in any good way at all!”

Standing watch,  

Bill Holter