Are Silvergate, Silicon Valley Bank, First Republic, and Western Alliance failures just the beginning of a much bigger avalanche?
You can still believe that business is as usual because stock indexes are manipulable by the authorities due to bank bailouts for the sake of a false apparent stability of the market so that the investor’s perception is falsified…until finally, this Ponzi scheme must collapse.
On Mar 13, 2023, at 6:10 p.m. Dow Jones U.S. Banks Index closed at EDT 401.30 -31.68 -7.32% (!) after all! As of March 15, at 1:40pm EST, the Dow is at 31,477.51, down over 4% in the last 5 days.
Right now, after the backward trench of Marxist resistance among the economists who many in Europe adhered to this ideology which was nearly hegemonic in the last century just before Thatcher age has given up for a long time, the prophecy of a century and a half ago by Karl Marx finally seems to be coming true: the End of Capitalism.
These former Marxist economists were then discouraged by the end of the Soviet Union in 1991 and exhausted by a messianic expectation of a natural end of capitalism according to Marx’s provisions and not by an end shortened by a Leninist revolution as happened in Russia in 1917, if they all have not yet passed away, certainly their few survivors by now they all had thrown away the hope of seeing their dream come true by observing the affirmation almost everywhere in the world of a neoliberal Verb (and Praxis).