Now that I have gotten time to digest what happened to Silicon Valley bank, I have to say that it's super infuriating how the Fed destroyed this super prime bank up. If anyone thinks that can't happen to their bank, I'm here to tell you that if those people (the richest people in Silicon Valley) got hit - EVERY OTHER BANK IS AT RISK. All of these banks were pushed into doing the same things by the FED. It was the only place they could make money.

In early 2021 it was probably sensible to buy long term dated bonds. NO ONE could have predicted that any President would make an executive order that houses could not be foreclosed upon which caused people to spend with reckless abandon. It had never been done before to my knowledge. This is the catalyst for inflation. Pure and simple. People felt house rich. All the old timers will remember this from the housing crisis. Very same dynamics.

People love to hate on the rich, but these people did nothing wrong. Now they can't meet payroll. It's just so maddening how the government keeps fucking over businesses and people just shrug. Everyone will eat their words soon though.