EPISODE 417: THE SILICON VALLEY SWINDLE

Human Events Daily with Jack Posobiec

Human Events with Jack Posobiec

Daily News, News, Daily, Nightly News, News Commentary, Politics, Washington Dc, Liberal, Conservative

4.8 • 5.7K Ratings

🗓️ 13 March 2023

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today’s episode of Human Events Daily, Jack Posobiec is joined by Editor-In-Chief of the Post Millennial, Libby Emmons to discuss the second largest bank collapse in history! Their conversation spans President Biden’s announcement that the depositors of Silicon Valley Bank will be made whole, to President George W Bush’s infamous statement that he “had to abandon free market principles to save the free market system.” Poso and Emmons also explore the economically fueled, philosophical question asking: why do so many young Americans not want to work? Finally, Jack and Libby discuss how fear and uncertainty could have crippling effects on local banks - all this and more on today’s HUMAN EVENTS DAILY!

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Transcript

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0:00.0	Ladies and gentlemen, welcome aboard tonight's edition of Human Events Daily powered by Turning
0:03.5	Point USA. Today is March 13, 2023. Anno Dominique tonight's up stories. The Silicon Valley
0:09.2	swindle. When is it bailout? Not a bailout. Guess what? It is a bailout. Second, why are so many young
0:15.1	Americans not working? How is this all tied together? And lastly, will this fear uncertainty and
0:20.4	doubt lead to a run on the banks? We have a lot to get into tonight, folks. So let's start. Human
0:27.3	Events daily. I want to take a second to remind you to sign up for the post so daily brief. It is
0:31.6	completely free. It'll be one email that sent to you every day. You can stop the endless
0:35.9	scrolling, trying to find out what's going on in your world. We will have this delivered directly
0:39.4	to you totally for free. Go to humanavents.com slash poso sign up today. It's called the post so
0:45.3	daily brief. Read what I read for show prep. You will not regret it. Human events.com slash
0:50.5	poso totally free. The post so daily brief. I mean, obviously, it made a decision to make sure
1:05.5	the economy doesn't collapse. I've abandoned free market principles to save the free market system.
1:12.9	I mean, when people review was taken place in the last six months and put it all in one
1:18.7	package, they'll realize how significantly we have moved. I'm sorry we're having to do it. I'm not
1:27.8	real happy about the fact that there have been excesses in the financial markets which are affecting
1:34.0	hard work and people and affecting their retirement accounts. Having said that, I'm very confident
1:39.9	that with time, the economy will come out and grow in people's wealth in return.
1:44.2	Look, the bottom line is this. Americans can rest assured that our banking system is safe.
1:50.6	Your deposits are safe. Let me also assure you we will not stop at this. We'll do whatever is needed
1:57.7	on top of all of it. Let's also take a look at a moment to put the situation in a broader context.
2:03.3	We've made strong economic progress in the past two years. We've created more than 12 million
2:08.3	new jobs. More jobs in two years than any president has ever created in a single four-year term.
	...

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