Biden Jumps to Bailout Bank to Prop Up Chinese Tech Sector

By now you’ve probably heard of Silicon Valley Bank (SVB) going belly up. What you might not have heard is that another bank collapsed Sunday night. Signature bank in New York blew up and triggered an emergency session of Congress with the leaders of The Federal Reserve.

Some economists are warning that the implosion of these banks is similar to the fall of Lehman Brothers and Bear Stearns in 2008, meaning these could signal the beginning of a string of catastrophic bank failures. That seems to be happening.

Stephanie Pomboy, the CEO and founder of economic research firm Macro Mavens, explained during an appearance on “Tucker Carlson Tonight” that “what we are facing right now is really serious and we are on the brink of a 2008-style financial crisis and I’m not trying to be hyperbolic.”

But the real story is even BIGGER than that.

 

The risk of economic failure is obviously there, but at this point that’s likely going to happen whether the government steps in or not.

What’s particularly concerning is how the Biden regime has chosen to BAIL OUT SVB – a bank which has major ties to CHINA.

Biden’s people initially claimed they would NOT be bailing out the bank… but then decided to do so anyways.

The Silicon Valley Bank has served as a huge bridge to China and the Chinese tech sector. Perhaps somebody reminded Biden of that. Maybe he got a call at 2 am over the weekend from someone in China. We don’t know. All we know is that Biden all of a sudden flip flopped in favor of a bailout.

SVB provides MASSIVE amounts of funding to the China venture capital sector. The South China Morning Post noted: “The collapse of Silicon Valley Bank (SVB) has created a sense of panic within China’s tech start-up and venture capital (VC) sector, as the lender served as a bridge between US capital and Chinese tech entrepreneurs.”

The topic “SVB bankruptcy affects Chinese entrepreneurs,” was reportedly trending on Chinese microblogging site Weibo, with posts receiving HUNDREDS OF MILLIONS of views.

China is the second largest venture capital market and SVB is HEAVILY involved in it.

“When China was still new to venture capital in the late 1990s, SVB was among the first financial institutions to start serving the country’s startups, while traditional, risk-averse banks avoided them. Over time, the bank has become a popular option for China-based startups fundraising in USD as well as some China-focused USD venture capital firms,” Tech Crunch reported.

The FDIC and Federal Reserve have been instructed by Biden to make good on all of the bank’s deposits, a large portion of which are Chinese accounts.

This move is not about preventing economic fallout in America, the Biden regime is simply HIDING behind that as an excuse to bail out CHINA.

Once again, Joe is revealing whose side he’s REALLY on!


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5 responses to “Biden Jumps to Bailout Bank to Prop Up Chinese Tech Sector”

  1. America please STOP this insane so called president shame on Washington for putting this old sick and discussing crook in the White House Jesus is coming and he is pissed your days are numbered God help us.

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    • I agree with you, it’s a SHAME that This Delusional SOB to help out The USA’s Enemies, who don’t have a Constitution like The USA’s, And they aren’t supposed to Subjucate it’s own legal citizens!

  2. No wonder Biden was, according to the proud MSM, suddenly making calls at NINE A.M. to get protection and bailout for China favored bank. Biden is NEVER functioning at nine a.m. other times (and often “puts a lid on it” by early afternoon or earlier. His 1-3 hour work days are famous. If he schedules work at all. Last week they said he worked hard; the entire work effort was TWO PHONE CALLS. Of course, his calls with China’s Xi are notoriously 2 hours or more in length.

  3. Please send Bide a one way ticket to China since he loves them so much and now way back home. We do not need Biden. He is useless and does more harm then good.

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