Charles Payne Hits the Nail on the Head – The Biden Action is a Bailout for Silicon Valley

Posted originally on the CTH on March 13, 2023 | Sundance

March 13, 2023 | Sundance | 279 Comments

The installed occupant of the White House said something today that is just brutally false on its face.

From the words typed into the teleprompter of Joe Biden you hear, “No losses will be borne by the taxpayers. Instead, the money will come from the fees that banks pay into the Deposit Insurance Fund.” Who the hell does Biden think are paying those “fees”? Those fees paid into banks, and then out of banks, from all around the nation are paid by the people using the bank, that’s taxpayers.

The United States government does not create a single dollar of revenue. They transfer revenue from people to processes and systems of government. Charles Payne has a good perspective on this entire dynamic. {Direct Rumble Link} WATCH:

Charles Payne: This was a bailout of Silicon Valley elites.

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