4.8 • 22.5K Ratings
🗓️ 18 March 2023
⏱️ 87 minutes
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0:00.0 | Renault. |
0:30.0 | I know that many of you are confused about exactly why the Silicon Valley bank went bust. |
0:36.0 | Well, you've come to the right place because this is a political commentary podcast |
0:40.0 | so the fact that I don't understand the subject at all won't stop me from explaining it to you. |
0:45.0 | The first thing you have to understand is that Democrats believe in socialism. |
0:50.0 | Socialism is an economic system in which powerful people help the poor |
0:54.0 | by taking money from the middle class and giving it to the rich |
0:57.0 | so the rich will give the powerful people more power to help the poor |
1:01.0 | by taking money from the middle class to give to the rich. |
1:05.0 | In the case of Silicon Valley bank, the powerful Democrats needed more money |
1:09.0 | to give to the rich to get more power to help the poor |
1:12.0 | so they printed worthless pieces of paper and called them dollars |
1:16.0 | and gave them to the poor who passed them on to the rich in return for |
1:20.0 | Hulu subscriptions and lawn chairs. |
1:22.0 | The rich said, hooray, now we have worthless dollar papers |
1:26.0 | we will put them in bonds and useless green nonsense businesses |
1:29.0 | where they will magically turn into money. |
1:31.0 | They also donated millions to a gay pride organization who used the millions |
1:35.0 | to buy some rainbow colored pencils and a vacation for 12 in Thailand. |
1:40.0 | Then came inflation, which was transitory, which means permanent. |
1:45.0 | At this point people panicked and there was a run on the bank like in that movie |
1:49.0 | it's a wonderful life. |
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