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The Biden Economy Is Falling Apart, Everything, Everywhere, All at Once
PJ Media ^
| MARCH 13, 2023
| STEPHEN GREEN
Posted on 03/13/2023 2:49:02 PM PDT by george76
The Biden Economy — .. falling apart, everything, everywhere all at once. NYSE halted trading of Charles Schwab, whose shares fell by more than 20%, and even a few Etsy sellers have been impacted by the fallout of Silicon Valley Bank’s (SVB) collapse.
Schwab’s fall was the firm’s “most ever on an intraday-basis,”
...
Signature Bank, “a key financial institution for the cryptocurrency industry,” according to the New York Post, was shut down on Sunday over “similar systemic risk” to SVB.
SVB and Signature are the second- and third-largest bank failures in U.S. history, respectively, with combined assets in excess of $300 billion.
...
Investment holdings at SVB, however, are wiped out.
...
“I would be surprised if there weren’t other things that break.
...
When Biden took office, inflation was at 1.4% and gas was $2.39/gal. Today, inflation is at 6.4% and gas is $3.47/gal.”
And that was before the big bills starting coming due for three years spent shutting down and re-regulating the economy while printing up trillions in funny money.
(Excerpt) Read more at pjmedia.com ...
TOPICS: Business/Economy; Front Page News; Government; News/Current Events; Politics/Elections
KEYWORDS: bank; biden; bidendestroyseconomy; bideneconomy; bideneffect; bidenlegacy; bidenomics; bidenrecession; bidenvoters; collapse; cryptocurrency; donatefreerepublic; economy; signature; signaturebank; siliconvalley; siliconvalleybank; svb; thispresidentsucks; worthlessjoe
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To: dynachrome
Lord, I hope so. If Cramer said this, it may be the kiss of death.
21
posted on
03/13/2023 3:52:36 PM PDT
by
FamiliarFace
(I got my own way of livin' But everything gets done With a southern accent Where I come from. TP)
To: george76
I was talking to a realtor this morning about a property,
I said I’d like to close very quickly.. she said “How quickly”
I said “I’d like to close before the banks do”
Depression humor...
22
posted on
03/13/2023 3:58:21 PM PDT
by
Bobalu
(Unrepentant communists, NAZI’s and totalitarians of all stripe are bowing toward Davos)
To: dynachrome
"Cramer says JP Morgan is safe..."
Cramer had SVB as a buy in February.
To: srmanuel
effectively means an end of the USA as we know it. I grew up in an era where we prayed to God through Christ in public schools. When our doors were unlocked and we could leave the car running while we went into the store.
The USA I knew died a long time ago.
24
posted on
03/13/2023 4:13:59 PM PDT
by
LouAvul
(Daniel 4:17: "..the most High ruleth in the kingdom of men, and giveth it to whomsoever he will.." )
To: AdmSmith; AnonymousConservative; Arthur Wildfire! March; Berosus; Bockscar; BraveMan; cardinal4; ...
25
posted on
03/13/2023 4:19:09 PM PDT
by
SunkenCiv
(Imagine an imaginary menagerie manager imagining managing an imaginary menagerie.)
To: george76
To: FamiliarFace
Great title
there's also a hip reference in there, because “Everything Everywhere All at Once” is the name of the Chinese movie that won at the Oscars last nite ...
To: canuck_conservative
Yeah, I noticed. It’s very apropos because of the Oscar winner.
28
posted on
03/13/2023 4:29:11 PM PDT
by
FamiliarFace
(I got my own way of livin' But everything gets done With a southern accent Where I come from. TP)
To: george76
If all this were true Karine would have told us.😕
29
posted on
03/13/2023 4:34:34 PM PDT
by
frank ballenger
(You have summoned up a thundercloud. You're gonna hear from me. Anthem by Leonard Cohen)
To: boxlunch
Don’t forget to add to the horrible mix the invasion of million of uneducated illegals here to continue the destruction of America!
To: george76
I just hope it doesn’t happen to my bank.
31
posted on
03/13/2023 5:25:54 PM PDT
by
Jean2
To: LouAvul
Sounds a lot like the country I grew up in,it was called America.
32
posted on
03/13/2023 5:35:24 PM PDT
by
eyeamok
(founded in cynicism, wrapped in sarcasm)
To: dynachrome
That’s a death sentence...
33
posted on
03/13/2023 5:42:19 PM PDT
by
packrat35
(Pureblood! No clot shot for me!)
To: george76
34
posted on
03/13/2023 5:43:44 PM PDT
by
Varsity Flight
( "War by🙏🙏 the prophesies set before you." I Timothy 1:18. Nazarite prayer warriors. 10.5.6.5)
To: V_TWIN
Yet he will still get over 90+ million votes in 24.
35
posted on
03/13/2023 5:46:02 PM PDT
by
VastRWCon
(Fake News")
To: WildHighlander57
36
posted on
03/13/2023 6:31:13 PM PDT
by
dynachrome
(“We cannot save Ukraine by dooming the US economy.” Rand Paul)
To: dynachrome
Jim Cramer sez that JP Morgan is solid.
37
posted on
03/13/2023 6:32:49 PM PDT
by
dfwgator
(Endut! Hoch Hech!)
To: george76
All this is WONDERFUL news for Sorros. No philanthropist he.
38
posted on
03/13/2023 6:35:48 PM PDT
by
Srednik
(Polyglot. Overeducated. Redeemed by Christ. Anticommunist from the womb.)
To: george76
Today, inflation is at 6.4% and gas is $3.47/gal.” I wish inflation was only 6.4% and gas was $3.47/gal.
Neither is true where I live. Not even close.
39
posted on
03/13/2023 6:44:33 PM PDT
by
usconservative
(When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
To: JesusIsLord
Cramer had SVB as a buy in February. Cramer said SVB was safe last Tues/Weds.
It has become undeniable, documented fact: to make money, do the exact OPPOSITE of whatever that idiot Jim Cramer says.
40
posted on
03/13/2023 6:46:09 PM PDT
by
usconservative
(When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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