US government bailout of Silicon Valley and banks is $300B gift to rich oligarchs

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28 May 2023

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The US Federal Reserve printed $300 billion in one week to save collapsing banks and bail out wealthy Silicon Valley oligarchs. 93% of Silicon Valley Bank's deposits were uninsured, over the FDIC limit of $250,000, but the government still paid them. 56% of SVB's loans went to venture capitalist and private equity firms. Sources and more information here: US Federal Reserve says its goal is ‘to get wages down’: || Geopolitical Economy Report || Please consider supporting us at Patreon: Podcast: Newsletter:

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