Economic upheaval and trouble may not appear directly tied to the Holy Bible, God, and a Christian faith life but the world’s economies and the Word of God are not and cannot be separated. Nothing that happens is separate from or devoid of the spiritual war taking place and escalating.

Economic upheaval, travails, and turmoil are directly related to man and woman’s inherent wicked and unrighteous natures. Greed, coveting, lying, placing the material above the spiritual.

Do not misunderstand my writing this. Don’t jump to an errant conclusion within your mind regarding my politics or whatnot. I’m merely reiterating what is in the Word of God. Money is the root of all evil. And many are never satisfied with their $100,000,000 and they must obtain $300,000,000. Build the bigger yacht, the larger private jet, the decadent and obscene in their lives. And there is never enough. There is a dark, swirling vortex, a whirlpool ever increasing in size, intensity, and speed within the world of finance and money markets.

Greed is never good. There is a vast difference between being blessed with material wealth and being thankful for such bountiful blessings versus greed. There could be two people of equal material wealth with one never content, restless, not believing in God or anything in the Bible with their neighbor in the same zip code, of equal material wealth, content, thankful, and acknowledging God for all that they have knowing everything comes from God.

And we’re in an era of unbridled greed as never before.

With few neighbors of the latter belief and perspective.

And there are consequences. There will be even greater consequences. And more bank failures — there already have been more since the writing of the article below — and the economy being battered and weakened and crumbling contrary to the lies put forward by the White House, and those in Washington, D.C., and the pundits and talking heads on all the broadcast so-called news media.

Everything that happens, such as bank failures, declining and collapsing economies, increased fear, confusion, turmoil, and panic can all be traced to the Holy Bible. Men and women place their trust, their hearts, and minds on the things of this world and ignoring, turning from God, turning from the Word of God.

We are reaping what we have sown. And have no one to blame but ourselves. Though that is unlikely to happen, especially in the age in which we all live.

Watch and prepare.

While in the ways and Word of the Lord.

Ken Pullen, A CROOKED PATH, Tuesday, March 14th, 2023


2nd Biggest Bank Failure In U.S. History – “We Found Our Enron” – “On The Verge Of A Much Bigger Collapse Than 2008”


March 10, 2023

By Michael Snyder

Reprinted from The Economic Collapse

RELATED: March 2023 United States bank failures


The wait for the next “Lehman Brothers moment” is over.  On Friday, we witnessed the second biggest bank failure in U.S. history.  The stunning collapse of Silicon Valley Bank is shaking the financial world to the core.  As of the end of last year, the bank had 175 billion dollars in deposits, and approximately 151 billion dollars of those deposits were uninsured.  In other words, a lot of wealthy individuals and large companies are in danger of being wiped out.  In particular, this is being described as an “extinction level event” for tech startups, because thousands of them did their banking with SVB.  I cannot even begin to describe how cataclysmic this is going to be for the tech industry as a whole.

There is so much to cover, and so let me try to take this one step at a time.

Rumors of trouble at SVB had sparked a massive bank run in recent days, and regulators moved quickly on Friday to permanently shut the bank down

Financial regulators have closed Silicon Valley Bank and taken control of its deposits, the Federal Deposit Insurance Corp. announced Friday, in what is the largest U.S. bank failure since the global financial crisis more than a decade ago.

The collapse of SVB, a key player in the tech and venture capital community, leaves companies and wealthy individuals largely unsure of what will happen to their money.

We haven’t seen anything like this in a very long time.

In fact, it is being reported that this is the second biggest bank failure in all of U.S. history

The closure marks the biggest bank failure since the 2008 financial crisis and the second-largest in U.S. history after Washington Mutual collapsed during that industry-wide meltdown, according to FDIC data.

As of the end of December, the Santa Clara, California-based bank — the 16th largest bank in the country — had $209 billion in assets with more than $175 billion in deposits. As with other FDIC-member banks, SVB deposits are insured up to $250,000 per depositor.

The good news is that anyone that had less than $250,000 in the bank will be covered by FDIC insurance

The FDIC’s standard insurance covers up to $250,000 per depositor, per bank, for each account ownership category. The FDIC said uninsured depositors will get receivership certificates for their balances. The regulator said it will pay uninsured depositors an advanced dividend within the next week, with potential additional dividend payments as the regulator sells SVB’s assets.

Whether depositors with more than $250,000 ultimately get all their money back will be determined by the amount of money the regulator gets as it sells Silicon Valley assets or if another bank takes ownership of the remaining assets. There were concerns in the tech community that until that process unfolds, some companies may have issues making payroll.

Unfortunately, as I noted above, the vast majority of the deposits with SVB exceeded the $250,000 threshold and were thus uninsured

As we noted before, while the FDIC noted that SVIB had $175BN in deposits as of Dec 31, note that some $151.5BN of these are uninsured, which means they get exactly zero although a sizable number of them likely pulled their deposits in the past few days.

As SVB assets are liquidated, hopefully those that had uninsured deposits at SVB will eventually see some of their money.

But for now, many of them are facing a complete and total nightmare.

For example, one tech CEO named Ashley Turner is freaking out because she had “at least $10m deposited with SVB”

Ashley Tyrner, CEO of Boston wellness firm FarmboxRx, said she had at least $10m deposited with SVB and has been frantically calling her banker. She said it had been ‘the worst 18 hours of my life.’

Can you imagine how she must be feeling at this moment?

Sadly, she is far from alone.

The CEO of YCombinator, Garry Tan, says that what we are looking at is an “extinction level event” for tech startups…

There are thousands of US startups that banked at SVB, often as their *sole bank*. $250K per account is not going to last long.

The #1 pressing issue for these startups is *payroll* – you can’t have people work if you can’t pay them.

This means mass furlough.

It might mean thousands of startups die before the FDIC gets through its receivership process and releases the funds.

From what I hear, there are venture debt options coming from providers like Brex, but we’re going to need *a lot* of options in order to avoid a mass shutdown of all American startups in the next few weeks.

This is an *extinction level event* for startups and will set startups and innovation back by 10 years or more.

I wish that I could tell you that he is wrong.

But I cannot.

When news of what was being done to SVB hit Wall Street, bank stocks started falling precipitously.


Is this the beginning of a horrifying new crisis for the financial industry?

Well, Michael Burry is suggesting that the collapse of SVB could be “our Enron”…

Michael Burry, the eccentric investor featured in the 2015 film “The Big Short,” warned: “It is possible today we found our Enron.”

And billionaire Bill Ackman is already suggesting that the federal government should bail out the bank

Billionaire investor Bill Ackman says the US government should consider a “highly dilutive” bailout of Silicon Valley Bank amid jitters about its financial position.

The bank’s failure “could destroy an important long-term driver of the economy as VC-backed companies rely on SVB for loans and holding their operating cash,” Ackman said in a series of tweets on Thursday. “If private capital can’t provide a solution, a highly dilutive gov’t preferred bailout should be considered,” he said.

At this point, I doubt that Congress will be willing to do anything.

But if that doesn’t happen, Ackman is warning us that there could soon be bank runs at other major banks…

He added: “The risk of failure and deposit losses here is that the next, least well-capitalized bank faces a run and fails and the dominoes continue to fall.”

“That is why gov’t intervention should be considered.”

Once the dominoes start falling, it will be difficult to stop the process.

In fact, the situation is already so dire that Peter Schiff is proclaiming that we are “on the verge of a much bigger collapse than 2008”

“The U.S. banking system is on the verge of a much bigger collapse than 2008,” said economist Peter Schiff, known for his dire predictions.

“Banks own long-term paper at extremely low interest rates. They can’t compete with short-term Treasuries. Mass withdrawals from depositors seeking higher yields will result in a wave of bank failures.”

Of course a lot of the “experts” in the mainstream media never saw this coming.

Just last month, CNBC’s Jim Cramer was actually telling his viewers that they should buy SVB stock

CNBC analyst Jim Cramer is once again being pilloried on social media after a clip resurfaced showing the “Mad Money” host recommending viewers buy shares of Silicon Valley Bank’s parent company, which owns the tech-driven commercial lender that swiftly collapsed on Friday.

“The ninth-best performer to date has been SVB Financial (the bank’s parent company). Don’t yawn,” Cramer told viewers during a Feb. 8 episode of “Mad Money.”

Cramer listed SVB Financial among his “biggest winners of 2023 … so far” alongside blue-chip stocks such as Meta, Tesla, Warner Bros. Discovery, and Norwegian Cruise Line.

Unfortunately, SVB’s situation is not unique.

Thanks to rapidly rising interest rates, many other banks are also sitting on mountains of Treasury bills that have lost a lot of value…

Banks are big investors in assets like Treasury bills because they need lots of safe places to park their cash. Many financial institutions piled into these investments during a period of historically-low interest rates that spanned the early years of the pandemic, as banks took in tons of new deposits and lending was somewhat restrained.

But now the Fed is hiking rates at a rapid clip, with Fed Chair Jay Powell warning earlier this week the central bank may have to speed up the pace of its rate increases to cool the economy further. The problem that creates for banks is simple: higher rates lower the value of their existing bonds.

For an extensive break down of why this is causing so much distress for our banks right now, I would highly recommend reading this excellent article.

As I have been telling my readers, our system simply cannot handle higher rates at this point.

But the “experts” at the Fed assured all of us that they knew exactly what they were doing.

Now they have caused one of the biggest bank failures in U.S. history, and much worse is on the way if they do not reverse course.

But I don’t expect the “experts” at the Fed to listen to any of us.

They are just going to keep doing what they are doing, and we are all going to have to live with the consequences.


Collapse Of An Economic Cycle Or The Entire Financial System?