The bank had $40 billion dollars liquidated by investors in about two hours last Thursday after entrepreneur Peter Thiel made a comment on a conference call last week telling everyone to take all their money because the bank was failing.

And if this were the only bank on the brink, it would be one thing, but then a second major bank, Signature, failed in New York. It was heavily invested in crypto-currency as well—and regulators took over.

And you may think things are ok now, but I would not bet on it. My sources are telling me that we could see more regional and specialty banks getting crushed.
If that happens, it will almost certainly chase money into the four or five biggest banks in the country—meaning more bigger banks.

Are we on the verge of nationalizing the banking system in America? Maybe. Some people are saying that is exactly what is coming—whether intentional or accidental.

But let me be crystal clear—this is a very unpredictable time, and it could mean more banks, more upheaval, and more tough days.

The biggest takeaway is this: despite all the happy talk, inflation is still out of control, and that will mean more big interest rate hikes by the fed.

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What will that mean for the stock market? That’s not clear yet, either. But it has remained in a tight range—and that usually means a sharp break up or down. If the market thinks the banking issues are under control, that could be up. However, the market could also break going the other way.

The foundational failure of the Silicon Valley Bank can likely be tied to its aggressive and woke investment policies and its ESG approach. But it depends on whom you ask as to whether or not it had an impact.