15 Mar 23
@jj-adams saidI love it, I love it. Sorry, got carried away. It is like, we fellers KNOW how bad things are, and y'all skirt what is going on. C'mon, man
Can banks do that? Just give away millions in investor money to causes they like?
https://www.foxbusiness.com/politics/silicon-valley-bank-donated-millions-black-lives-matter-related-groups-social-justice-causes-records-show
@jj-adams saidPolitical donations... Not a new thing.
Can banks do that? Just give away millions in investor money to causes they like?
https://www.foxbusiness.com/politics/silicon-valley-bank-donated-millions-black-lives-matter-related-groups-social-justice-causes-records-show
Here's another example. Lockheed Martin. $3.8 million in political donations. $13.6 million in lobbying. More than half of their revenue is provided to them by the federal government. Like a slush fund conveyor belt.
They take our tax money and give it right on over to lobbyists to beg the government for more money.
17 Mar 23
@jj-adams saidTo put that into perspective, it’s the equivalent of more than TWO MONTHS’ worth the Fed’s emergency QE program that it ran in response to the pandemic. And again, the Fed did this in just FIVE DAYS.
Can banks do that? Just give away millions in investor money to causes they like?
https://www.foxbusiness.com/politics/silicon-valley-bank-donated-millions-black-lives-matter-related-groups-social-justice-causes-records-show
What does this mean?
First and foremost, that something VERY BAD is going on behind the scenes in the U.S. banking system. But more importantly for us as investors, that the next round of bailouts/ easing/ reflating the financial system is here.
This won’t end well.
https://www.zerohedge.com/news/2023-03-17/fed-back-printing-money-while-inflation-6