THE SHOW NOTES: The Return to Normal Brings Warnings of Doom, The GOP 2024 Fight Takes Shape, & White People Pollute
Welcome! DeSantis indicates privately he intends to run for president in 2024.
NEW: Ron DeSantis' memoir sold more copies in its first week than books by Donald Trump, Barack Obama, and Hillary Clinton - BI
HEADLINE: Christian school that embraced the LGBTQ community is forced to close its doors - ABC
DATA: US job growth surges again in February as economy adds 311,000 new positions - Fox Business
Clip of the day:
Banking Crisis?
🚨 UPDATE BEFORE I HIT PUBLISH: Silicon Valley Bank just closed its doors.
Silicon Valley Bank - the preferred bank of most prominent venture capital funds - is in free fall as its stock dipped 60% yesterday and was halted from trading earlier this morning. Multiple venture capital funds are encouraging clients to pull money from the bank over solvency concerns while some customers were unable to make withdrawals on Thursday.
What happened: Silicon Valley Bank has incurred steep losses in its bond portfolio after purchasing large amounts of short-term bonds that are now significantly underwater. Additionally, the macroeconomic picture has shifted away from low rates that incentivize high demand for tech financing. The bank shocked markets and VC funds when it abruptly reported on Wednesday it needed to raise $2.5 billion in stock to stay afloat. The company has dropped the capital raise and is now exclusively looking for a sale.
Why this matters: Experts are wondering if the issues at Silicon Valley Bank will spill over into other financial institutions. As of this writing, the stock price of multiple smaller banks are tumbling. The news comes as the crypto-focused Silverbank closed its doors last week.
The paragraph that matters from Bloomberg:
Silvergate Capital Corp.’s abrupt shutdown and SVB Financial Group’s hasty fundraising have sent US bank stocks diving and tongues wagging across the industry: Could this be the start of a much bigger problem?
Bonus quote at The New York Post:
Michael Burry, the eccentric investor featured in the 2015 film “The Big Short,” warned: “It is possible today we found our Enron.”
China’s Middle Finger To Biden
Iran and Saudi Arabia have reestablished diplomatic ties after seven years of no relationship at all. The terms were brokered by and negotiated in Beijing in what is seen as one big middle finger to the Biden administration.
Details: The accomplishment is significant as Saudi Arabia and Iran have been on opposing sides of proxy wars in Syria, Yemen, and civil wars around the world. More recently, Iran was blamed for an attack on a Saudi oil field that cut the country’s production in half.
Why this matters: The move is seen as another failure by the Biden administration to maintain influence in a region historically dominated by the United States.
TikTok Hires Democrats
TikTok, the wildly popular Chinese-owned social media app, has hired top Biden-connected consulting firm SKDK as it faces increasing scrutiny in Washington, according to two people, including one with direct knowledge of the hire.
Full story at Politico.
The rest of the news:
Colin Kaepernick accuses white adoptive parents of ‘problematic’ upbringing, perpetuating racism - NY Post
Trump Is Losing His Grip on the Grassroots - Politico
‘Don’t Be Fooled’: Why Leading GOPers Are Taking Aim At Both Trump and DeSantis - Politico
Religious leaders experiment with ChatGPT sermons - Axios
Mexico rebukes GOP push to deploy U.S. military against cartels across border - MSN
How white and affluent drivers are polluting the air breathed by L.A.’s people of color - LA Times
San Francisco Residents Seeking Concealed-Carry Permits Endure Long Waits, Fear Scorn - WSJ (paywall)
House Votes 419 to 0 for Declassification of Intelligence on Covid-19 Origins - WSJ (paywall)
The United States has a debt problem. Biden’s budget won’t solve it. - Washington Post (paywall)
Tweets that caught my eye:
Market snapshot:
Went to link on ABC news about the Christian school situation. Capitulation to evil. Here are two snippets that indicate the school dove into the rabbit hole:
" "We are an affirming school. We stand with the LGBTQIA+ community and believe in their holiness. We celebrate the diversity of God's creation in all its varied and beautiful forms." "
Their "holiness"? Wow, that's just an "in your face" kind of statement. Our holiness is only in Christ, not in ourselves, our identity, our actions. There's one way off the mark.
Next is to include alphabet-sin as diversity of God's creation to "celebrate" There's a second.
The article goes on with points on both spectra, including one mother's statement, "I am LGBTQ-affirming and I identify as Christian," not realizing how we feel or "identify" is irrelevant to Him.
Such obvious deviations from Scripture indicate a person lacking their anchor, "wave of the sea blown and tossed by the wind." (James 1:6-8)
On the “Christian” school subject. It’s not a shock nor isolated.
Churches across the country are suddenly changing the wording of the Bible to allow and often encourage the alphabet group.
With gay choirs gay support groups and gay priests. So check your youth programs because they may be lead by predators from this group hiding as some diversity hire.
Revelation spoke of this however. False churches.
Be mindful of where you educate your children.