The point they seem to be making was that they should not have the right to say it’
Massachusetts Institute of Technology students behind flyers and chalkings recently found at the school that included slurs against LGBTQ people were protesting the university’s emerging policies in support of free speech.
The incident came in the wake of a two-month-old MIT faculty resolution that defends freedom of speech and expression — even speech some find “offensive or injurious.”
A Feb. 23 memo from MIT administrators stated flyers posted across campus and some chalking outside a school entrance “contained slurs directly targeting the LBGTQ+ community.”
MIT’s bias response team investigated, the memo added, and determined “the messages were put up by students choosing to use extreme speech to call attention to and protest what they see as the implications of” several new pro-free speech policies and efforts at the school.
BlackRock chief executive Larry Fink has raised the spectre of a “slow rolling crisis” in the US financial system following the failure of Silicon Valley Bank, “with more seizures and shutdowns coming”. In his closely watched letter to investors and chief executives, the founder of the $8.6tn money manager said SVB’s collapse was an example of the “price we’re paying for decades of easy money”. Rapidly rising interest rates were “the first domino to drop” while SVB was an instance of the second, Fink wrote as he warned that other regional banks and investors who rely on leverage could also follow suit. Fink said that swift regulatory action had helped stabilise markets after the biggest bank failure since 2008. But he nonetheless compared recent events to the 1980s savings and loan crisis, when more than 1,000 lenders collapsed.
“We don’t know yet whether the consequences of easy money and regulatory changes will cascade throughout the US regional banking sector (akin to the S&L Crisis) with more seizures and shutdowns coming,” he wrote.
No one can say that Seymour Hersh hasn’t earned his spurs as a reporter of U.S. government and military skulduggery. In 1970 he won the Pulitzer Prize for International Reporting of the My Lai Massacre in Vietnam. In 2003 he accurately disputed the Bush Administration falsehoods about its grounds for invading Iraq. In April of 2004 he reported how U.S. military units in charge of the Abu Ghraib prison were torturing and abusing prisoners. Now, at age 85, “Sy” shows no sign of slowing down.
Nevertheless, the Biden Administration vehemently denied Mr. Hersh’s report. Last week, in response to these denials, Mr. Hersh gave a long interview in which he reaffirmed his claim that the Biden Administration is responsible for destroying Russia’s gas pipeline, which supplied Germany with a vast source of affordable, clean-burning energy.
Shortly after the sabotage, former CIA Director John Brennan told CNN that Russia was “the most likely suspect” for sabotaging the pipeline—as though destroying its immensely valuable, strategic asset somehow yielded a greater advantage to Russia than simply shutting it down.
IF Hersh is correct and his protected source is telling the truth, it must surely be one of the whackiest things a U.S. President has ever done. Like Cortez burning his ships when he landed in Mexico in 1519 in order to impress upon his men that there was no turning back from their adventure to conquer the country—Biden (or whoever is pulling his marionette strings) ordered the sabotage in order to reinforce Germany’s commitment to the U.S. proxy war against Russia.
How do the German people feel about an American presidential administration wrecking their industry, high standard of living, and consigning them to paying 400% more to heat their homes?
As Hersh describes it, German Chancellor Olaf Scholz is indistinguishable from Biden’s “lapdog.” Why? What has the U.S. done for Germany since reunification in 1990 that has instilled such a feeling of slavish docility in a German chancellor today?
As recently as 2015, America’s blundering wars in Iraq, Libya, and Syria caused a major refugee crisis in Europe, and it was Germany that bore most of the cost and responsibility. One wonders why the Germans don’t tell the U.S. government to retreat to Washington to deal with its own, innumerable domestic problems of its own making.
(Natural News) As a crisis of confidence from customers and investors heats up, First Republic bank is getting a lifeline from its rivals.
Some of the biggest banks in the nation have joined forces to help the struggling lender with billions of dollars to boost confidence in the bank and help it meet customer withdrawals.
Some of the big banks that helped put together the lifeline include Bank of America, Citigroup, Wells Fargo, JP Morgan Chase, Truist and PNC Financial Services. The lifeline will equal around $30 billion, and the deposits are required to stay at First Republic for a minimum of 120 days.
The banks that are offering the deposits said in a statement: “This action by America’s largest banks reflects their confidence in First Republic and in banks of all sizes, and it demonstrates their overall commitment to helping banks serve their customers and communities.”
“Regional, midsize and small banks are critical to the health and functioning of our financial system,” they added.
Treasury Secretary Janet Yellen, Federal Reserve Chair Jerome Powell and FDIC Chairman Martin Gruenberg praised the banks’ action, saying in a joint statement that it illustrates the resilience of the nation’s banking system.
Shares of the San Francisco-based bank were halted multiple times for volatility today. After falling more than 30 percent earlier in the day, shares went up 22 percent by the afternoon.
The problems the bank is facing are part of ongoing worries about the future of the banking system following the collapse of Signature Bank and Silicon Valley Bank in the last few days. Silicon Valley Bank, which was the country’s 16th biggest bank, failed on Friday in the biggest American bank failure since the financial crisis of 2008. Yesterday, S&P Global Ratings and Fitch Ratings downgraded their credit rating for First Republic bank in the wake of concerns that depositors may pull their money from the bank.
First Republic has a large share of uninsured deposits
First Republic is one of several regional banks that has a large amount of uninsured deposits; the FDIC only insures deposits up to $250,000. Part of the reason that the collapse of Silicon Valley Bank was so monumental was the fact that 94 percent of its deposits were uninsured. Although First Republic’s percentage of uninsured deposits is not quite as high, it is still a cause for concern at 68 percent.
Worries about a repeat of what happened to Silicon Valley Bank prompted many First Republic customers to pull their money and move it to bigger banks, which meant the bank needed to sell assets or borrow money in order to give customers their cash deposits. This happened despite the lender reassuring customers it had arranged $70 billion in new financing from J.P. Morgan Chase and the Federal Reserve. It also announced it was eligible to receive further funding from the Fed should it experience a sharp demand for withdrawals, in addition to noting that its balance sheet was solid and depositors were safe. However, none of this was enough to calm jittery investors.
Banks normally use part of their customers’ deposits for providing loans to other customers. However, S&P Global reports that First Republic has an exceptionally high liability-to-deposit ratio of 111 percent. This indicates that the bank has loaned out significantly more money than it holds in deposits from its customers.
First Republic bank generally caters to higher-end clients and businesses, and it offers residential real estate loans and wealth management. At the end of December, it reported assets exceeding more than $212 billion.
(Natural News) Employees of Silicon Valley Bank were given their annual bonuses on Friday just hours ahead of the seizure of the bank by regulators.
The payments were reportedly bonuses for work conducted last year and were already being processed in the days ahead of the collapse of the bank. In the past, the bank has paid its employee bonuses out on the second Friday of every March, sources claim.
In other words, it may be a coincidence that employees received their bonuses on the same day that the bank fell. The bank, which is based in Santa Clara, California, was in the midst of a bank run that was spurred by panicked investors when the Federal Deposit Insurance Corporation (FDIC) seized it at around noon on Friday.
The FDIC will act as a receiver, which normally entails liquidating the bank’s assets to pay its customers back, including creditors and depositors. In a two-minute video released on Friday, the bank’s then-CEO, Greg Becker, announced to workers that he was no longer making the decisions at the bank.
Although the size of the bonuses is unclear, Glassdoor.com notes that bonuses for employees at the bank range from around $12,000 for associates to $140,000 for those holding managing director roles. The bank’s employees earned an average of around $250,000 in 2018, making it the highest-paying publicly traded bank that year.
Bonuses for the bank’s international employees were scheduled for later in the month and have not yet been paid.
The FDIC emailed some of the bank’s workers on Friday evening to offer them temporary jobs. Employees who agree to stay with the failed bank will be given 1.5 times their usual pay for the next 45 days, while hourly workers will receive double their normal rate.
A FDIC representative told Axios: “Without commenting on salaries, it’s our standard practice to ask retain [sic] bank employees to assist with an orderly transition as part of our resolution process.”
The bank, which had more than 8,500 employees as of December and is the 16th largest in the nation, collapsed after a 60 percent drop in shares prompted a run on withdrawals in what is considered one of the worst financial institution failures in the history of the nation. Silicon Valley Bank controlled $209 billion worth of total assets at the end of last year and was considered the bank of choice for several Silicon Valley industries and startups.
Execs sold off stocks in the weeks leading up to the bank’s collapse
Ex-CEO Greg Becker sold $3.57 million in company stock just two weeks before the bank collapsed in what is being described as a pre-planned automated sell-off. On February 27, he offloaded more than 12,000 shares at an average price of $287.42 each, while CFO Daniel Beck sold 2,000 shares; the price of the stock dropped to just under $30 on Friday.
As an FDIC-insured bank, only $250,000 per account at Silicon Valley Bank is guaranteed. However, the bank’s latest annual report shows that 96 percent of the $173 billion held there in deposits was uninsured.
The FDIC said that all insured depositors will be given access to their insured deposits, while uninsured depositors will receive an “advance dividend within the next week.”
In the meantime, the bank’s new government-appointed CEO, Tim Mayopoulos, has appealed to the bank’s high-powered startup and venture capital clients to bring their money back to the bank. He also said that he wasn’t sure what the bank’s “exact end state” would be but listed three possible outcomes: liquidation, sale or recapitalization.
“I’m not going to say that amygdalin or laetrile is the silver bullet. It’s a whole dietary plan my dad had, and many doctors have now,” he said during the March 9 episode of “Champions with Kerri Rivera” on Brighteon.TV.
“But I do know that it is the most demonized [yet] most effective natural treatment out there. And why say demonized? Doctors have lost their lives … and their practices literally by treating people with amygdalin.”
The RNC president recounted meeting and talking to doctors that have used amygdalin in their practices. However, he added that these doctors have to keep it a secret.
“They have to keep it private. If they bring it out and talk about it, the wrong people will come after them. And I’ve even had doctors say that they were proven. They know it worked, but they told me they would be putting themselves out of practice. They would be ending their practice if this was known.”
According to Richardson, anything that works or is good will not be known to many people because it will be suppressed.
Richardson is the son of the late Dr. John Richardson, the author of the 1977 book “Laetrile Case Histories: The Richardson Cancer Clinic Experience.” The book’s 2005 edition documented the follow-ups of the original patients the elder Richardson treated for cancer.
The younger Richardson said his father’s book was selling more online copies nowadays. He added that they are now trying to find a patriot printer to publish physical copies of the book. This, the younger Richardson added, forms part of his commitment to carrying on his father’s mission.
Amygdalin found in 1,200 different foods
According to Richardson, apricot seeds contain the highest amount of amygdalin in nature. The younger Richardson cited the words of G. Edward Griffin, the author of “World Without Cancer,” who said that cancer can be wiped out in people’s lifetimes if everyone ate eight to 10 apricot seeds daily. (Related: How laetrile or B17 from apricot seeds kills only cancer cells.)
He also mentioned that there are 1,200 different foods containing amygdalin and eating those foods regularly will lessen the incidence of cancer. According to Medical News Today, amygdalin can be found in the seeds of fruits like as apples, cherries, plums and peaches. By eating amygdalin-rich foods, the younger Richardson argued that cancer can be prevented.
Amygdalin has been known for hundreds of years. Nowadays, amygdalin comes in two forms – ground-up seed meal or in capsules, the latter being sold under the name laetrile.
Richardson pointed out that getting amygdalin in a person’s diet is the key to unlocking its anti-cancer properties. Five to 10 apricot seeds with 20 milligrams (mg) per seed would amount to between 100 and 200 mg a day, an amount he says is good for someone who isn’t sick. However, that amount would be insufficient for a person already sick.