WARNING: Big Tech Banks Collapsing! Infection Spreading to Other Sectors

    The collapse of the banking industry has started, with FDIC-insured Big Tech Silvergate Bank announcing yesterday they were liquidating their assets and closing down. Silicon Valley Bank also announced yesterday that they have lost $10 billion, while trying to reassure depositors to just "stay calm," suggesting that their collapse is also probably imminent. I don't think there has been a more significant news event in the financial sector since the financial crisis of 2008, and yet at the time of my publishing this article, none of the corporate media is treating this as a headline story, unless it is a publication that focuses only on financial news. This is the beginning of the storm that should have happened last year after FTX blew up, and probably did, but the infection that I have been calling The Big Tech Crash that started in 2022 has only just now begun to reveal how serious this crisis is, which can no longer be hidden from the public as the bank failures have now begun. Bank runs that began last year, are only going to significantly increase in the days and weeks ahead. And this infection is not confined to Big Tech and their banks, but is spreading fast to other sectors of the economy.

      Big Tech Crash Accelerating in 2023 – Billions Lost on AI, Bank Failures, CHAOS!

      The Big Tech Crash of 2022-2023 is accelerating here in 2023, and yet almost nobody is sounding the alarm as to just how significant the crash is going to affect everyone's lives. Instead, we are pummeled every day with reports in both the corporate and alternative media about how the technology is advancing, and that AI is poised to take over the world and replace humans. Nothing could be further from the truth. While it is easy to collate the news and come to this very simple conclusion, that Big Tech is crashing, I have yet to see one other journalist refer to what we are now seeing as a "Big Tech Crash" which is very rapidly making the Dot.com technology crash of 2001 look like a walk in the park by comparison. According to Layoffs.fyi, there have now been 125,977 layoffs in Big Tech for the first two months of 2023. There were 161,411 layoffs in Big Tech in all of 2022. As we complete just the 1st week of March, 2023, things are only getting worse, much worse.

        Big Tech Crash 2022: Amazon Fires 10,000 Employees, Largest Layoff In Company History

        Over the past month, technology companies have laid off tens of thousands of employees. And the momentum in layoffs only appears to be worsening. According to a new report via NYTimes this morning, Amazon could add to the count this week as approximately 10,000 people in corporate and technology jobs will be slashed, in what could be the most significant job cut in the company's history. Amazon would become the latest tech company to reduce headcount. Just in the last few months, Twitter, Facebook parent Meta, ride-hailing company Lyft, software service firm Salesforce, payment platform Stripe, and a growing list of tech companies have announced layoffs of engineers, salespeople, and support staff.

          Big Tech Crash! Twitter Near Bankruptcy, Amazon First Company to Lose $1 TRILLION, Facebook Fires 11,000 Employees

          I don't think the technocrats will be developing any "transhumans" anytime soon. On Wednesday this week, Amazon.com became the first publicly traded company in history to lose $1 trillion in market valuation. And then yesterday afternoon, Elon Musk told Twitter employees at an "all-hands meeting" that the company is losing so much money that "bankruptcy is not out of the question." All of this happened after the great cryptocurrency collapse of Tuesday, when the equivalent of a “bank run” happened when crypto exchange FTX saw $6 billion of withdrawals in a 72-hour span, resulting in them stopping the process of withdrawals. The other Big Tech news on Tuesday was that Facebook parent company Meta announced it is slashing more than 11,000 jobs, reducing its workforce by about 13 percent. This follows news that we reported about 2 weeks ago that the Department of Justice has started a probe into Tesla over their claims of having a "self-driving car." At about the same time this news was reported, Ford and Volkswagen announced that they were halting further investments into AI self-driving vehicles, forcing Argo AI, an AV technology startup founded by Uber and Google veterans, to shut down. The Big Technology Crash of 2022 has started, and it will probably make the Dot-com stock market crash of 2001 look like a walk in the park when this crash hits bottom.