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Josh Sigurdson talks with Tim Picciott, The Liberty Advisor about the collapse of Silicon Valley Bank and what it means for other banks as we witness the beginning of the bank runs to come.
As people line up down the street attempting to get their money out of Silicon Valley Bank, 95% of deposits are uninsured. This is a catastrophe for customers and something that we at World Alternative Media have been warning about for a decade.
Meanwhile, many experts believe the Federal Reserve will have to drop interest rates an entire 100 basis points in order to mitigate a contagion which would lead to mass bank runs among the other major banks. If this is done, it would dramatically push inflation higher.
Nonetheless, this is all by design. The establishment needs the dominoes to fall in order to bring the world into a new world reserve currency system. This is their perfect opportunity to get order out of chaos for the purpose of the Great Reset.
Stay tuned for more from WAM!
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