Evidence is emerging that the run on SVB (Silicon Valley Bank) was largely artificial, and almost certainly sparked by the actions of one man, Peter Thiel, a suspicious tech billionaire with links to Russia, Russia-shill Elon Musk, and shady members of the Alt-Right.
Essentially Thiel, who is gay and married to another man, waited until SVB started selling bond assets at a loss to back withdrawals and then piled on, withdrawing all the funds he was connected to, while also spreading the panic around the tightly-knit tech community who had their money SVB. Once they started pulling out their deposits, this forced the bank to sell even more bond assets at a loss.
Did Alt-Right-linked gay billionaire Peter Thiel cause the SVB bank run? Certainly looks that way. pic.twitter.com/8Tpk5QFVy3
— Colin Liddell (@cbliddell) March 15, 2023
If this was anyone else, it would just be an unfortunate bit of financial panic, leading to a predictable government bail-out, but Thiel is a highly suspicious individual with long-running business ties to the Kremlin.
But what has he been up to more recently? In the 2022 midterms he was also a heavy backer of anti-intervention candidates in the GOP, like JD Vance and Blake Masters, pushing the "just let Russia get on with it" agenda with regard to Ukraine:
The lion’s share of his largesse – $28m and counting – has been directed towards two business proteges who, with his help, have established themselves as gadfly rightwing darlings: JD Vance, the best-selling author of the blue-collar memoir Hillbilly Elegy, who is running for Senate in Ohio, and Blake Masters, a self-styled “anti-progressive” and anti-globalist who is running for Senate in Arizona.
Yes, this whole bank run looks more suspicious the more you look at it, and is possibly part of a Fifth Columnist attack on the West.
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