March 10, 2023 | FDIC seizes assets of SVB after record bank run | Image source
Are we witnessing a planned take down of the financial system in order to try and roll out Central Bank Digital Currencies (CBDCs)?
In what is being called the biggest banking failure since the 2008 financial crisis, Silicon Valley Bank (SVB) investors and depositors withdrew $42 Billion on March 9, creating a run on the bank.
The Federal Deposit Insurance Corporation (FDIC) ordered closure of SVB and took possession of all deposits.
Questions regarding prior knowledge of this event have emerged as it has been reported that Silicon Valley Bank executives allegedly sold more than $4.4 million in stocks two weeks ago, suggesting that they knew what was coming and that SVB was going to fail.
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