The full transcript of this podcast (and other premium content) is available at http://peternavarro.substack.com 

 

Hi. I’m Peter Navarro, it’s March 14, 2023, and a lot of very rich hedge fund managers and venture capitalists are getting even richer even as the Deplorables in MAGA Land grow ever poorer.

The pivotal event in US and global financial markets over the last week was the collapse of Silicon Valley Bank.  But SVB really wasn’t a bank. It was a grossly overleveraged casino that served as an ATM for the Democrat billionaires in Silicon Valley. And now the Biden regime has bailed it out and thereby saddled America’s middle class with trillions of dollars of additional debt.

As Donald Trump once said, this is a politician-made disaster that really began on January 20, 2020.  That’s the day Joe Biden entered the White House and began to undo everything Donald Trump had done to grow our economy and keep inflation near zero.

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