Hello fellow rebel capitalists hope you're well. I wanted to do a video on how you the taxpayer are going to get screwed and how you the taxpayer are going to fund these bail bailout because I've been watching

CNBC Bloomberg going on Twitter and this is what you're hearing non-stop

even from Janet Yellen that oh we're going to be bailing out the depositors we're going to be

bailing out the banks in the future the Silicon Valley Bank 2.0 we'll call them but the taxpayer doesn't have to worry because they're not going to pay a

dime this is total BS absolute BS and I'm going to show you why right now.

Let's go to the Fed's website and this is a PDF that I found

and this kind of breaks down very quickly.

It summarizes the bank term funding program.

This is the new facility they set up

to basically bail out the future banks that were too stupid to head to the

asset side of their balance sheet like Silicon Valley Bank or they were stupid enough to have 15% of their depositors in the

crypto space, like Signature Bank.

Once we go to the bank bailouts and I'm going to show you how you the taxpayer are going to fund these and more than just one way. You're going to pay for this not just with money out of your pocket. Oh no no no no no you're

going to be paying for this with your security as well and I'm going to explain

how and then we're going to move over to explain how you are also paying for the tech companies that were depositors of Silicon Valley Bank.

So all those incredible dog walking apps that were quote unquote

changing the world, we're going to go over why you're going to bail them out as well.

So let's start by going over this bank term funding program. The main key that I want you to notice and actually let me zoom in.

So the eligible collateral basically treasuries mortgage back securities and you know one thing that really drives me nuts is I hear these people in the mainstream media and on financial Twitter talking about oh this is no big deal

because this program's only going to last one year BS this is nonsense show me

the government program that lasts one year.

Show me that program.

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