ER Editor: First it was SVB. Now Credit Suisse seems to be tottering. We’re wondering if it’s an inevitable collapse of a too-big-to-fail fiat money Ponzi system or something else that’s carefully controlled, targeted, and sending out a message. Here we throw a few things into the pot that have come to our attention.
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On SVB per trusted Italian journalist Cesare Sacchetti (telegram site):
March 12
March 13
March 15
‘This is a controlled demolition of the Rothschild banking system run by the other side’
Benjamin Fulford: https://benjaminfulford.net/2023/03/06/entire-km-financial-system-about-to-collapse-with-credit-suisse-the-likely-first-domino/
On Credit Suisse via Peter Halligan —
From the “Oh doctor, I’m in trouble” files – Credit Suisse bank under severe pressure
As bizarre as this seems, it could very well be relevant in a messaging/comm sort of way. This is Philip / Pippa Bunce, from 2021:
Inspirational Profile: Pips Bunce | Director, Credit Suisse
Switzerland’s 2nd-largest bank, Credit Suisse, sank after the collapse of US-based Silicon Valley Bank, Signature Bank & Silvergate Capital. Shares fell 30.8% on the Swiss Stock Exchange.
The head of the bank Depending on the day are known as Philip Bunce or Pippa Bunce.🥴 pic.twitter.com/EioThVDp5u— Suzanne Seddon (@suzseddon) March 15, 2023
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Check out Amazing Polly for information on SVB’s intricate connections to a Chinese bank with which it is a 50-50 partner, Epstein connections and more:
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Three Chinese pharma companies had 240 million in uninsured deposits with SVB
No reports of any investments in the other failed New York bank, Signature Bank.
Hot on the heels of deposits of silicon valley type and other woke investors in SVB, here is an interesting scoop from NTD:
Over $240 Million Assets Belonging to Chinese Drugmakers Exposed After Silicon Valley Bank Failure | NTD
“Among the hardest-hit companies is BeiGene, one of China’s largest cancer-focused drugmakers. It said Monday it had more than $175 million in uninsured cash deposits at SVB, representing about 4 percent of its cash and short-term investments. The U.S. Food and Drug Administration recently approved a drug from BeiGene for treating a certain type of leukemia.
In second place, biotech company Brii Bio is also taking a major hit. It had $42 million in cash and short-term investments in SVB, about 9 percent of the company’s cash deposits. Brii Bio was part of the effort to launch the first combination therapy for COVID-19 in China.
Another pharmaceutical firm, Zai Lab, announced that its cash deposits at SVB were “immaterial” at about $23 million.”
Zai Lab can siphon another immaterial 23 million bucks to yours truly any time it has a mind to!
“These three Chinese companies, plus others, say SVB’s closure won’t impact their operations or payroll.”
Damn! Almost a quarter of a billion bucks is neither here nor there! What other investments do they have – tens of billions scattered around the US and elsewhere?
Onwards!
Source
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SVB Donated $73.4 Million To BLM And Related Entities
While Silicon Valley Bank execs may have failed to hedge against interest rate risk, they did signal $73.45 million in virtue, donating to Black Lives Matter and related entities, according to a database maintained by the Claremont Institute which lists nearly $83 billion in donations to the Marxist organization.
Meanwhile, New York-based Signature Bank gave a total of $850,000 to the organization.
Both woke banks had touted their efforts to improve diversity among their staff – with SVB pledging in the summer of 2020 to increase its commitment to “diversity, equity and inclusion.’
During the pandemic, CEO Greg Becker announced an employee matching program for donations which focused on “pandemic-response, social justice, sustainability and supporting women, black and Latinx emerging talent and other underrepresented groups,” the Daily Mail reports.
In a 2021 proxy statement to investors, the company said that “The calls to end systemic racism and social inequities following the death of George Floyd in May 2020 had a profound global impact,” adding “We responded by expanding opportunities for dialogue, including hosting over 40 small group Conversation Circles in which over two-thirds of our employees participated in discussions about racial equity issues.”
“Additionally, we provided opportunities for action, mobilizing our employees and clients to join in community service through Tech Gives Back, a week of volunteer events focused in part on racial equity, social justice and access to the innovation economy.”
At the same time, Signature Bank executives noted in their 2021 Social Impact Report that some 2,200 employees had donated to a variety of organizations and 431 individual grants totaling $1.86 million were directed to nonprofits.
The report said ‘corporate giving is an essential component of Signature Bank’s corporate citizenship, and the Bank’s commitment to supporting universal social causes will only grow along with the bank’s size, strength and position within the corporate community, national economy and global society. -Daily Mail
“Each year, Signature makes unrestricted grants to numerous not-for-profit organizations and funds specific activities and initiatives for many others,” said the bank. “With our increased focus on social impact, including practices related to human capital, diversity, equity and inclusion, along with strategies to support and cultivate community engagement, and our approach to sustainability efforts as individuals and as an institution, the Bank continues to strengthen its governance in these areas.”
Maybe just focus on running a bank?
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Source
Featured image, Pippa Bunce: Credit Suisse
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