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Thursday, March 16, 2023
On Wednesday, Roy sent an email showing his support for the Florida governor, praising him for his courageous leadership over any other contender for the 2024 race, including former President Trump.
“The next President of the United States must be a vibrant and energetic leader with the faith, vision, and courage to chart a new course. America needs a leader who will truly defend her and empower the people against the destructive force of unrestrained government and corporate excess, profligate spending, and woke cultural indoctrination,” Roy stated in his email.
Three days before Silicon Valley Bank collapsed, Treasury Secretary Janet Yellen cautioned that climate change puts the banking industry at risk. Yellen was in la-la land, speculating that future storms and tornadoes could diminish the value of banks' assets.
Weather is a risk, but she was oblivious to the much more immediate problem facing banks -- the plummeting value of the bonds they own. She was heedless to the impending downfall of SVB and possibly several other small banks that had purchased long-term bonds when interest rates were near zero. Read more and see videos here.