I'm not a "finance person", nor am I a "money man", but if anyone can reasonably and sensibly explain how investing in ESG can monitarily benefit a company, I'd really appreciate it.
I don't like to take anyone's word at face value, but from everything that I've read, it seems like throwing money at high-risk environmental start-ups, placing diversity hires in the upper echelon of your business without merit, and giving money to charity all seem like unsound business practices.
It is very likely that role was open for a year in order to stuff it with a non-white female. I keep in touch with colleagues at the tech behemoth I was at before leaving that anti-white, anti-male depravity factory. One has been wanting to transfer within to another team for over a year. He has to wait because they are prioritizing, "diverse candidates."
The real goal of this project is to dispossess and dispose of whites, men in particular, though I know white women who have had job offers rescinded in order to hire a diverse, (black), person. My colleague at the tech behemoth who has been waiting for over a year for a transfer because they want a diverse (ahem.. black person), who doesn't exist is Asian. He is caught in the dragnet.
It was common for very senior execs who were Asian to make speeches and give seminars about how to break the bamboo ceiling and lecture us about how the "model minority", was a myth invented by white people to divide and conquer and subjugate blacks in particular. Yes. That is true. This happened at a company wide meeting.
Needless to say the CEO of the behemoth is Asian. So, maff skills great, self awareness not so much. I suggested that he adopt the model of the Asian senior execs and complain about discrimination and the bamboo ceiling. As for me and those like me, you could imagine how it must feel to sit and be told by people who you welcomed into your country that you and your fathers who built it from nothing by risking their lives doing hard dangerous work they would never stoop to, are conniving and scheming caricatures of evil who should get to the back of the line.
Democracies never end well. Nor do empires. Multi-cultural societies have a very poor track record as well. What the ruling regime has done and is doing in America, and Europe as well, has never been done before. It isn't going to end well. If Cramer's ancestors were still around they would give him the beat down he deserves as an example to dissuade those who would be like him and to us to be like them. I'm afraid we've lost our nerve.
Final Note:
Laura Izurieta, Kim Olson's predecessor was busy with diversity as well. A quick search while logged out of LinkedIn show these two recent likes on her profile:
“Valentines Day was extra special today joining Black Women on boards and the future generation of Spellman Students to ring the opening bell …”
and
“Advice I would give a young black man who is a recent college graduate that has no clue about Corporate America (aka – my younger …)”
Thank God that was cut off. I could only imagine how that quote ends. So, SVB's risk management department has been at it for a long time. Meanwhile, the hordes poor in over what used to be the border of what used to be a great nation inhabited by a great people.
They just backstopped then entire banking system (bad bonds - $2 Trillion) with taxpayer money and the only response of the american people is to move their money to Citi and JP Morgan so more banks fail and we end up with only 3 banks, each charging a month's wages for overdrafts and late payments. And then they went online and ordered wrestlmania 77 or whatever they're on now. Who wants to see a country like this succeed?
“Institutions are comprised of people. When the people running them are clowns, the institutions become clown cars and our society becomes clown world. We now live in a low-trust, low-confidence third-world country.”
SVB was a soy boy SJW festival of woke affirmative action hires who in years past, would barely be suitable for janitorial work.
Mar 14, 2023·edited Mar 14, 2023Liked by Yuri Bezmenov
I really do love the exposure of these shining beacons of capitalism as the farces they are, both morally and in their exaggerated capabilities. Great work Yuri in finding these gems.
TLDR: SVB followed every Basel I, II, III rule in the book + Dodd-Frank. They were boring and invested in the Tier 1 assets that all the Fed/university/fund experts tell you to invest in as a bank. They were boring!
And it turns out those Tier 1 assets are horribly risky when maturities are mismatched and your assumption is that rates never rise. They did what the Fed wanted them to do, and didn't account for the fact that what the Fed wanted was risky in the first place.
Great post. For the other readers, I recommend Mises.org to understand why all private banks are technically insolvent. They have a beginner section up top.
Thus, private banks are far more subject to cascading collapse when they make the wrong bets or, incur losses by the Fed’s changes in rates (which the Fed boxes itself in to do, because they otherwise can cause hyperinflation).
Our system of fractional reserve and central banking is just one more modern myth; we never needed a mercantilist cartel that could print and inflate money; and the US’ greatest historical increases in true wealth happened under the gold standard. Government monopoly on money is a plague. FRB makes it even worse.
Great article about the truths to be looked at in the future. With just a little tweaking You just described in your article the entire United States Military today.
I agree with your prognosis, but have some doubts about the diagnosis. DIE, JEDI, creamsucking NGO's, are like ticks on an elephant. The pattern of captured/regulated bank busts following exuberant privateering predates this crop of virtue signaling preeners. They are more like the feather in the cap of the Great White Whale. Mixing my metaphors, but I don't think they have captured the helm. Best coverage of the insiders I've read. Lehman Brother risk management, lol.
Great synopsis! The United States of Enron imports almost everything it needs, while exporting dollars and ESG programs to pay for it. What a shock that we're going bankrupt. I wonder who will "backstop" the Fed when hyperinflation hits and their balance sheet makes SVB and Lehman Brothers losses look like pocket change?
Comrade, could you perhaps write an article explaining the various trader terms such as "bearish" to your fellow revolutionaries?
Like mRNA gene therapy, fraudulently mis-sold and then forced into the population as a vaccine for a virus that was engineered in Chinese lab to circumnavigate laws against dangerous research in other countries, the surprise is not the failure but the speed of the collapse.
I'm not a "finance person", nor am I a "money man", but if anyone can reasonably and sensibly explain how investing in ESG can monitarily benefit a company, I'd really appreciate it.
I don't like to take anyone's word at face value, but from everything that I've read, it seems like throwing money at high-risk environmental start-ups, placing diversity hires in the upper echelon of your business without merit, and giving money to charity all seem like unsound business practices.
For years to come, these ignominious twits will be written about in books and history lessons about how too much Woke results in most definite Broke.
Congratulations, you are all famous. So famous, you are infamous.....
It is very likely that role was open for a year in order to stuff it with a non-white female. I keep in touch with colleagues at the tech behemoth I was at before leaving that anti-white, anti-male depravity factory. One has been wanting to transfer within to another team for over a year. He has to wait because they are prioritizing, "diverse candidates."
The real goal of this project is to dispossess and dispose of whites, men in particular, though I know white women who have had job offers rescinded in order to hire a diverse, (black), person. My colleague at the tech behemoth who has been waiting for over a year for a transfer because they want a diverse (ahem.. black person), who doesn't exist is Asian. He is caught in the dragnet.
It was common for very senior execs who were Asian to make speeches and give seminars about how to break the bamboo ceiling and lecture us about how the "model minority", was a myth invented by white people to divide and conquer and subjugate blacks in particular. Yes. That is true. This happened at a company wide meeting.
Needless to say the CEO of the behemoth is Asian. So, maff skills great, self awareness not so much. I suggested that he adopt the model of the Asian senior execs and complain about discrimination and the bamboo ceiling. As for me and those like me, you could imagine how it must feel to sit and be told by people who you welcomed into your country that you and your fathers who built it from nothing by risking their lives doing hard dangerous work they would never stoop to, are conniving and scheming caricatures of evil who should get to the back of the line.
Democracies never end well. Nor do empires. Multi-cultural societies have a very poor track record as well. What the ruling regime has done and is doing in America, and Europe as well, has never been done before. It isn't going to end well. If Cramer's ancestors were still around they would give him the beat down he deserves as an example to dissuade those who would be like him and to us to be like them. I'm afraid we've lost our nerve.
Final Note:
Laura Izurieta, Kim Olson's predecessor was busy with diversity as well. A quick search while logged out of LinkedIn show these two recent likes on her profile:
“Valentines Day was extra special today joining Black Women on boards and the future generation of Spellman Students to ring the opening bell …”
and
“Advice I would give a young black man who is a recent college graduate that has no clue about Corporate America (aka – my younger …)”
Thank God that was cut off. I could only imagine how that quote ends. So, SVB's risk management department has been at it for a long time. Meanwhile, the hordes poor in over what used to be the border of what used to be a great nation inhabited by a great people.
Privatize gains and socialize losses.
No accountability for risking other people's assets means they will do it again.
Infiniti money never runs out!
This is the fall of Rome.
Great job Yuri. Thanks for naming names and shining a light on the very ones that destroyed a once great bank.
They just backstopped then entire banking system (bad bonds - $2 Trillion) with taxpayer money and the only response of the american people is to move their money to Citi and JP Morgan so more banks fail and we end up with only 3 banks, each charging a month's wages for overdrafts and late payments. And then they went online and ordered wrestlmania 77 or whatever they're on now. Who wants to see a country like this succeed?
“Institutions are comprised of people. When the people running them are clowns, the institutions become clown cars and our society becomes clown world. We now live in a low-trust, low-confidence third-world country.”
SVB was a soy boy SJW festival of woke affirmative action hires who in years past, would barely be suitable for janitorial work.
I really do love the exposure of these shining beacons of capitalism as the farces they are, both morally and in their exaggerated capabilities. Great work Yuri in finding these gems.
Mises.org just posted what I see as an early definitive article for the economic dynamics here: https://mises.org/wire/how-easy-money-killed-silicon-valley-bank
TLDR: SVB followed every Basel I, II, III rule in the book + Dodd-Frank. They were boring and invested in the Tier 1 assets that all the Fed/university/fund experts tell you to invest in as a bank. They were boring!
And it turns out those Tier 1 assets are horribly risky when maturities are mismatched and your assumption is that rates never rise. They did what the Fed wanted them to do, and didn't account for the fact that what the Fed wanted was risky in the first place.
Great post. For the other readers, I recommend Mises.org to understand why all private banks are technically insolvent. They have a beginner section up top.
Thus, private banks are far more subject to cascading collapse when they make the wrong bets or, incur losses by the Fed’s changes in rates (which the Fed boxes itself in to do, because they otherwise can cause hyperinflation).
Our system of fractional reserve and central banking is just one more modern myth; we never needed a mercantilist cartel that could print and inflate money; and the US’ greatest historical increases in true wealth happened under the gold standard. Government monopoly on money is a plague. FRB makes it even worse.
Great article about the truths to be looked at in the future. With just a little tweaking You just described in your article the entire United States Military today.
I agree with your prognosis, but have some doubts about the diagnosis. DIE, JEDI, creamsucking NGO's, are like ticks on an elephant. The pattern of captured/regulated bank busts following exuberant privateering predates this crop of virtue signaling preeners. They are more like the feather in the cap of the Great White Whale. Mixing my metaphors, but I don't think they have captured the helm. Best coverage of the insiders I've read. Lehman Brother risk management, lol.
Say it with me now...
GO WOKE GO BROKE
Great synopsis! The United States of Enron imports almost everything it needs, while exporting dollars and ESG programs to pay for it. What a shock that we're going bankrupt. I wonder who will "backstop" the Fed when hyperinflation hits and their balance sheet makes SVB and Lehman Brothers losses look like pocket change?
it seems like just with health, it is best to do the opposite of what the experts say !
Apparently, they also gave 75 million $s to BLM and related causes last year!
https://t.me/RealScienceFiles/5427
Comrade, could you perhaps write an article explaining the various trader terms such as "bearish" to your fellow revolutionaries?
Like mRNA gene therapy, fraudulently mis-sold and then forced into the population as a vaccine for a virus that was engineered in Chinese lab to circumnavigate laws against dangerous research in other countries, the surprise is not the failure but the speed of the collapse.