480 - Woke Feminist Bank Goes Broke! Women Will Crash The Financial System!

Haakon The Good

• The Philosophy of Self-Preservation

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Hi Everyone Sandman Here,

This video once again isn't brought to you by any donations. If you enjoy the content and were ever thinking of sending me a topic and funds to cover it this would be the time. I've decided that I won't stop making content entirely as the Sandman but worst case scenario I'll take it down to 1 memes video each week. That will keep me caught up with what's going on in this work world. Speaking of woke I'm going to try and release this video as quickly as I can. SVB, or silicon valley bank, the 2nd largest bankruptcy in US banking history just happened and as I'm putting this together two other banks have gone bust. The FDIC is going to make depositors at SVB or Silicon Vagina Bank whole and that's pretty much going to mean they will spend most of the money they have allocated for that. But what happens if and when other banks go bust? I think that right now they can only cover around 1-2% of all deposits in US banks that are insured. So if there's a systematic collapse then the only other option is for bank bailouts which means flooding the system with printed money fueling further inflation. Or letting deflation take hold and wipe people's 401ks and savings away. The crazy thing about svb is that they were so worried about hiring women that they didn't seem to think about the consequences. Why would they care when the market in tech stocks has been going straight up for almost 15 years. They were lending money to big tech startups. According to this tweet by Matt Braynard he asks Why is all the focus on SVB's failure of losing all their investments and not on the accomplishment of having the only all-female investment committee in the banking industry? Pay attention to what really matters. Empowerment and diversity. One of them is even a Karen. Not only that by but the cheif risk manager was Kim Olson. To be fair the majority of the top dogs were bros and not bitches. But still the woke head of risk management was too busy organizing a month-long lgbtqlmnop before the company went broke. Jay Esprah this queer person of color from a working class background has been accused of prioritizing alphabet people initiatives instead of doing her actual job which was risk management. But to be fair everyone had to buy government bonds. Once the yields on newly issued bonds jumped with interest rates that meant that the price of the ones yielding lower interest rates dropped because the price of bonds is inversely proportional to the interest rate.

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