Silicon Valley Bank and Mass Formation Psychosis
Rapid onset insanity is the hallmark of our times. It is the St. Vitus Dance of the New Millennium.
It is an amazing thing to watch people abandon any scintilla of reason and reality.
I've never witnessed so many people go insane at the same time.
Mass formation psychosis is real.
The SVB failure is remarkable in that it crystalizes the very thing wrong with our current sociopolitical landscape - if you are in on woke/DEI/ECG, you can do no wrong. Even if your company is run by pudding brained imbeciles, if they are "diverse" and support "equity" while failing at the reason they are employed, any failures are not their fault.
But if you notice and say "What the Hell is the Chief Risk Manager doing about managing risk while they organizing a LGBTQ2IA+++ weekend ski outing and sinking depositor money into like idiot run companies with high ECG scores and low profitability? What the Hell was the Board of Directors doing?", you will get crucified.
To criticize SVB management is to condemn diversity, you bigot. What are you, a racist?
It has always been absurd to watch left leaning dullards create problems and then blame the people who noticed that they are left leaning dullards who should never be in control of anything.
The unified theory of blame for these people resides in one word - Trump.
From train derailments to bank failures to J6, Donald J. Trump is the universal vessel in which to place every ounce of blame for everything - but let us not forget that these same people are still blaming Reagan and lying about his legacy - and Reagan has been dead for almost two decades.
This is madness.
Failure is success if you have the right ideology. Bad things are good and good things are bad depending on who did them, not whether they produced objectively good or bad results. Men are better women than women. Everything we don't like is racist no matter how absurd the logic used to reach that conclusion and all the while our government continues to give taxpayer money away to every foreign entity and adventure while refusing to address domestic concerns.
Biden's foreign policy is Obama's "leading from behind" on acid - and while America pays countries to like us, China is stepping in to fill the leadership void left by the American left's perpetual search for the right pronouns.
Total and complete absurdity.
The only reasonable deduction is that they are intent on tearing everything down while claiming everything they are doing are the most successful policies ever.
The White House Twitter feed is prima facie evidence this administration is living in an alternate reality. If it wasn't so tragic, it would be funny.
When you have a president that you know is lying whether his lips are moving or not.....
Ha Ha! I second these thoughts. Good essay.