Welcome to the weekend edition of the situation update. This is Mike Adams from March 11th, 2023.

Thank you for joining me. We've had two back-to-back banking failures. Now in the last, I don't know, three days or so.

Silvergate Bank, done over liquidated. And then of course, Silicon Valley Bank. Also done, taken over by regulators, boom.

It's history. The FDIC says is going to start issuing, well, depositors money next week. But of course, that's only for insured accounts and insured amounts, which as you know, or you should know, is $250,000.

If you have more than that in your bank account, which of course a lot of companies do, especially startups and tech companies and so on, that were served by Silicon Valley Bank.

Any amount over 250K, it's history. It's gone. It's going to go into, you know, bankruptcy type of procedure, you know, the attorneys are going to get paid, but not the depositors, probably not very much. It'll take several years, and they'll get almost nothing out of it.

So the losses are massive. We're talking tens of billions of dollars.

And everybody's freaking out and asking what happened? How did two banks fail back to back almost just two days apart. And is there a risk that more banks are going to fail in the system.

So that's our subject today. We'll go into more detail about these bank failures. But first, first, I caught the bunny gobbler.

I caught the bunny gobbler on camera this time. And before I show you the picture, going to show you the picture. Now, for those of you listening, if you don't know who the bunny gobbler is, it's one of my dogs that likes to dig up and gobble young bunny rabbits.

She digs them out of their little bunny hole. And then she grabs them and walks around with them a little bit. And then if I see it and I say, Hey, let go of the bunny. Then she gobbles it. Remember that.

She gobbles it. And then she talks to me with like a Scottish accent. Remember that. You're too late. It's already in me belly. You know, that's that's her the bunny gobbler. Well, I caught her on camera.

Going to show you the photo. Prepare yourself. Here's what happened. I had finished walking the dogs and goats. And I heard I heard a bunny a baby bunny screaming as they do.

You know, it's a sad sound, but it's a it's a alert sound. It's actually kind of a squeak. A very loud squeak is what it is.

If you don't live in an area where you have rabbits and dogs, you probably never heard the sounds that rabbits make. In fact, most people think that rabbits don't make sounds at all. I assure you they do. And they're quite loud. The baby bunny rabbits have a very loud kind of squeaky sound when they're in trouble. You know, it's a distress signal. So I heard this.

And I knew immediately, oh gosh, the bunny gobblers striking against her run over and sure enough, she's she's dragging this baby bunny out of the ground out of a rabbit hole.

A rabbit nest and you know, I scream about it. Hey, stop it. And she drops on the ground.

And there's the baby bunny kind of struggling on the ground. And I'm like, oh my gosh, I hope this bunny is okay. So, you know, I gently scooped up the bunny and put it back in the in the nest or right right at the entrance of the nest. And then I locked up my dogs and the bunny gobbler so that that baby bunny can have a chance, right. And then I decided to go back and check on it a few hours later just to see is it okay. Is it okay.

And sadly, it was already dead at that point. So it had been mortally wounded by the bunny gobbler. And it had died. So at this point, I'm like, okay, dead bunny. You know, hungry dog.

At this point, I don't want this dead bunny just be eaten by the fire ants, which is usually what happens in Texas. So I picked up the dead bunny and I and I gave it to my dog.

But she's the one who killed it in the first place, by the way. And so in doing so, I was able to snap a photo.

And here's the photo. Let me show you here. There she is all guilty with the rabbit sideways in her mouth, just like I described before. Look, look at her. She looks totally guilty. She knows exactly what she did. She's not even sad about it. And a few seconds after this after I snapped this photo. Sure enough, she gobbled it down. She totally gobbled it. It's in her belly now.

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