Janet Yellen’s SVB Bailout was for Israeli Tech Firms

BATTLEFORWORLD.COM | March 22, 2023: If the United States was to have a banking crisis in 2023, the thought is already causing some economists to speculate that it would be the perfect cover story to introduce a CBDC. The media circuit bull-horns would say, gee folks the banking system has collapsed, but you can trust this, a new money system created by the Federal Reserve, the Central Bank Digital Currency to solve the problem. And Americans should be glad we were ahead of the unforeseen event. And just out of coincidence it happened at the same time the banking system imploded. (Yeah, right. More like it was planned that way to happen.)

The banking news uncertainty is causing many to ask themselves, should they get money out of the bank? And not just Silicon Valley Bank, but every bank, and that is what’s been happening in areas across the United States. Segments of consumers are panicking. And for the past several days the top four major banks have lost $100-billion dollars in assets, and major Europeans banks have lost about $50-billion.

The Silicon Valley Bank is the 16th largest bank in the United States and as of December 31st it had approximately $209-billion is assets. It’s the biggest bank to fail since the collapse of the financial system in 2008 and was second to the Washington Mutual Inc. crisis-era shutdown.

On March 10 the news reported that Silicon Valley Bank based in Santa Clara California, surprised invertors by announcing that it lost nearly $2-billion selling assets following larger-than-expected decline in deposits. The bank’s stock has lost more than 80% since then and tech clients have rushed to pull their deposits over concerns about the bank’s health. – The situation was so tense that in New York City Manhattan branch on Park Avenue, they had to call the cops on Friday March 10, because depositors were shouting “We want our money.”

It wasn’t just average depositors, it was the co-founders of the bank, a group of twelve people who were there at the beginning, one of the co-founders was identified as Dor Levi – the super wealthy who put the money in to start the bank, showed up asking for their money and the situation got so tense that police were called on the scene.

Journalist Eric Newcomer said he spoke to one of the major investor, who said that about ten of his portfolio companies had withdrawn about $1.5-billion together from Silicon Valley Bank. That group of invertors had put in their requests around 6 p.m. Eastern Time Thursday and got their money this morning Friday. – Apparently, one of the co-founders knew the bank was going down and put his withdrawal request in the day before, causing a bank panic the following day.

On March 17 the media reports that Silicon Valley Bank (SVB) files for bankruptcy, even though it was bailed out on Sunday March 12. Where after a large withdrawal from the bank on Thursday night by investors had relocated billions to Tel Aviv, Israel by Friday morning, and the bank end-up broke again. – Thirty-five-hundred tech companies had accounts at SVB that were related to the Israeli technology industry. – One of the company was NextVision, a maker of micro stabilized cameras, said it managed on Thursday to withdraw almost all of the $2.7 million it held in its account at SVB, according to a regulatory filing to the Tel Aviv Stock Exchange. Another company was Qualitau Ltd, a developer of test equipment, said it held $16.8 million at SVB out of a total of about $22.3 million it has in and outside the US. …

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Silicon Valley Bank.

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