Silicon Valley Bank Collapse & the Failure of ESG | Guest: Carol Roth | Ep 769

Today we're joined by Carol Roth, economic pro and recovering investment banker, to discuss Silicon Valley Bank, which failed over the weekend. Carol breaks down what happened on Friday with Silicon Valley Bank's failure, reportedly the second-largest bank failure in history, as well as the subsequent failure of a second bank — Signature Bank. How did the Federal Reserve's rapidly rising interest rates contribute to this catastrophe, and how will it affect us? The implications of this extend far outside of California, so we discuss how much we should be concerned and why it's important not to panic, but instead hope for the best and plan for the worst. We close out with a change in pace as we review the best and worst looks from the Oscars last night.

You can grab Carol's new book, "You Will Own Nothing," this July. Visit https://CarolRoth.com/nothing to pre-order your copy.

#news #politics #christianity

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Timecodes:

(00:00) Intro
(01:08) Interview with Carol begins
(2:40) What happened with Silicon Valley Bank?
(18:27) Short-selling stocks
(19:40) The federal government's response
(23:30) Is this Biden bailing out his liberal friends?
(27:47) Revolution of global financial market
(32:30) ESG & global elites
(38:02) "You will own nothing"
(46:20) Is there hope?
(52:45) Oscars fashion

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Links:

Bloomberg: "Signature Seized by Regulators as Pain Spreads From SVB’s Fall" https://www.bloomberg.com/news/articles/2023-03-12/signature-bank-closed-by-new-state-regulators-fdic-says#xj4y7vzkg

New York Post: "While Silicon Valley Bank collapsed, top executive pushed ‘woke’ programs" https://nypost.com/2023/03/11/silicon-valley-bank-pushed-woke-programs-ahead-of-collapse/

The Verge: "Etsy is delaying seller payouts following Silicon Valley Bank’s collapse" https://www.theverge.com/2023/3/12/23636379/etsy-delaying-seller-payouts-silicon-valley-bank-collapse

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Silicon Valley Bank Collapse & the Failure of ESG | Guest: Carol Roth | Ep 769