Peter Navarro: “The problem is these wild west banks like SVB were leveraged to the hilt.”

Peter Navarro former Director of Trade and Manufacturing Policy under President Trump joins Steve Bannon’s WarRoom to discuss a potential interest rate hike and the financial disaster caused by Joe Biden. The Silicone Valley Bank collapse and bailout debate has caused the economy and the stock market to take a sharp downward turn in which the deplorables will receive the bill for. Similarly to Covid, elites continue to profit off of disaster as Goldman Sachs eyes a $100 million payout as a result of the SVB collapse.

“Federal Reserve Chairman Jerome Powell is not going to raise rates higher aggressively anymore because of what has happened. What’s curious, Steve, is that this week the European Central Bank faces the exactly same decision.”