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 CarolRoth.com/nothing to pre-order your copy. --- Timecodes: (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 --- Today's Sponsors: Good Ranchers — change the way you shop for meat today by visiting GoodRanchers.com/ALLIE and use promo code 'ALLIE' for $20 off your first order. Subscribe in March and you can get free bacon for a year. Also this month, you can potentially win over $2000 in free meat (free meat for a year!) by filling out your March Meatness bracket at goodranchers.com/march. Epic Will — be intentional about your family, your values and your wishes. Go to EpicWill.com/ALLIE and you’ll save 10% on your complete Will package. Seven Weeks Coffee — Seven Weeks is a pro-life coffee company with a simple mission: DONATE 10% of every sale to pregnancy care centers across America. Get your organically farmed and pesticide-free coffee at sevenweekscoffee.com and let your coffee serve a greater purpose. Use the promo code 'ALLIE' to save 10% off your order. Nefarious — catch the psychological thriller (based on the book by Steve Deace) that deals with the true nature of good and evil, out April 14 nationawide. Watch the trailer now at whoisnefarious.com. --- 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 --- Buy Allie's book, You're Not Enough (& That's Okay): Escaping the Toxic Culture of Self-Love: https://alliebethstuckey.com/book Relatable merchandise – use promo code 'ALLIE10' for a discount: https://shop.blazemedia.com/collections/allie-stuckey Learn more about your ad choices. Visit megaphone.fm/adchoices