 As you may be noticing, banks and the existing financial system is shaking and potentially collapsing. This is a quickly evolving situation, so I wanted to quickly get out this background summary information about what is presently going on, especially with the huge Silicon Valley Bank collapse. Also included at the end are some links to backup articles and intel. Silicon Valley Bank (SVB) was seized on Thursday due to fears of insolvency. This is the 2nd biggest bank failure in U.S. history since Washington Mutual failed in 2008. $200 billion in deposits held with the bank have vanished. The FDIC insures accounts for up to only $250,000. This collapse left 93.7% of deposits uninsured. This is a big one - the FDIC rarely fails banks during business hours. They usually wait for the weekend. This bank was closed in the middle of the day on Thursday. This is a massive event that could have far reaching negative effects. SVB has: 1,500 climate and energy companies banking with them who's accounts are now frozen. 1,000's of California wineries banking with them who's accounts are now frozen. 500 Israeli business start ups were bankrupted by this seizure Provided 60% of all community Solar energy financing in the U.S. Has $4 billion in outstanding loans to companies who now can't make payroll, pay bills or take credit card payments because all their accounts are completely locked out. Nearly half of all the start-ups in the U.S. banked with SVB. Other companies that banked with SVB: (couldn't find all companies and all their deposits in this short notice but some are included) Airbnb Tesla Door Dash Dropbox Robinhood Block Square Uber FitBit Slack Roku - had $487 million on deposit with the bank. Roblox - had $150 million on deposit. Sangamo Therapeutics - had $34 million on deposit. Ambarella - had $17 million on deposit. SVB was the Cryptocurrency sector "Go To" bank servicing the following Coinbase BlockFi Circle USDC - has $3.3 billion on deposit with the bank Interesting to note: Feb 1st, SVB CMO Michelle Draper sold shares worth $330,000 (28% of holdings) Feb 27th, CFO Daniel Beck sold shares worth $575,000 (32%) Feb 27th, CEO Gregory Becker sold shares worth $3.5 million (11%) The bank failed on March 9th. what did they know? In addition, CEO Gregory Becker was a Director at the San Francisco Federal Reserve Bank. He left that position on Friday. Bank stocks are getting creamed, with the majority down 8 to 23%, and the NASDAQ Bank Index fell 8%. One month ago, stock "Guru" Jim Cramer said "Fears not justified over SVB" and just called J.P. Morgan a "fortress". Be careful of the media talking heads. They screwed us in 2008 too. Bank of America's exposure of "unrealized losses to total equity" are 2nd only to SVB. If the Fed keeps raising interest rates - which they have said they will do again March 22nd, the unrealized loss to equity ratio gets worse for Bank of America. They aren't the only bank in trouble. We've been talking about this coming for quite some time now. We may have arrived. Hope everyone is prepared as we've discussed. Keep an eye on this. Monday could be a rough day and this could be a rough week ahead. If you can get access to money, keep cash on hand, get as liquid as you can to make moves, and silver is a bargain right now at $20 USD. Stay vigilant. This may be a trigger for more shake ups to come, but always remember - we are going through a shift and a take down of one corrupt system and the emergence of a better future. Stay strong. California Wine Industry and Worldwide Impact: https://www.msn.com/en-us/money/companies/from-california-wine-country-to-london-svb-bank-failure-felt-worldwide/ar-AA18vy7U 500 Israeli Startups Impacted: https://www.jewishpress.com/news/israel/silicon-valley-bank-tanked-dragging-down-500-israeli-startups/2023/03/10/ SVB Execs Sell Off Shares: https://twitter.com/chadsteingraber/status/1634364212179869697?s=42&t=MKPGLJGi0-J37wXSm9I3DQ CEO of SVB no longer Director of San Fran Fed: https://www.reuters.com/markets/us/ceo-failed-silicon-valley-bank-no-longer-director-sf-fed-2023-03-10/ Federal Reserve to Hold Emergency Meeting on Monday: https://www.investing.com/news/stock-market-news/fed-to-hold-emergency-meeting-on-monday-amid-svbs-swift-collapse-432SI-3028156 More Banks May Fail: https://www.marketwatch.com/story/the-10-banks-that-may-face-trouble-in-the-wake-of-the-svb-financial-group-debacle-50d6e49e?mod=article_inline This Should Be No Surprise: https://www.youtube.com/watch?v=ecwpHLiGc8Q Download and Read Modern Money Mechanics to better understand how our corrupted financial system has been operating. 
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