Silicon Valley Bank failure could trigger run on US banks... and beyond

Silicon Valley Bank failure could trigger run on U.S. regional banks

We've been here before; no, not 2008, go further back 100 years. Systemic and systematic bank failures were the cause of the Federal Reserve Act of 1913. It only took the banksters a decade to then create the stockmarket crash of 1929, and the subsequent Depression. Interesting how the debt-based-fiat economy is so dependent upon usury as the driver of productive activities. The biggest con on humanity is convincing people that this is "normal". It also drives all the other huge cons, such as corporate science and education, as poverty is a lever of fear.

Silicon Valley Bank's UK branch shut down by Bank of England

Bank of England statement: Silicon Valley Bank UK

Notice that no actual reasons are stated, and that the BoE considers SVB UK as having "a limited presence in the UK and no critical functions supporting the financial system."

Meanwhile, a Mar. 11 Castle Hill report revealed that prominent blockchain VCs have over $6 billion worth of assets held by the now-defunct financial entity [SVBUK].

There is absolutely no experimental proof validating the hypothesis that pathogenic viruses can be transmitted from person to person. If you hold this belief, try looking it up - away from the propagandist scifids.

In contrast, the chains of financial obligations do create effects both up and down stream. As profits beget profits, so losses can create further losses as defaults beget further defaults. And this is all part of the bankster cartels that keep telling us how prudent and safe they are; so safe that most banks have barely enough reserves to cover a base interest rate hike. As solid as building on quicksand.