The rise in Fed rates has officially killed America’s biggest lender, Silicon Valley Bank. The FDIC Shutters Silicon Valley Bank. $152 billion of uninsured deposits are destroyed.
The rise of Fed Rates killed Silvergate Capital. Several regional bank stocks have plummeted, as a result of the Silicon Valley Bank- and the Federal Reserve’s rate hikes.
The housing market is collapsing, as well. The majority of commercial real estate loans are lent by small banks.
Massive short bets are now happening in the commercial real estate market.
The Federal Reserve Bank is taking down the housing market, along with all the regional banks, leaving only its vassals [the major commercial banks], who will be distributing CBDCs as a solution.
The financial experts are now recommending that people have food, gold and silver and cash in their possession.