March 15, 2023 | Censoring Social Media to Prevent Bank Runs

They censored social media to prevent the public from learning the truth about COVID, vaccines, and accompanying mandates. They censored social media to prevent the public from learning about Hunter Biden’s laptop before his dad could be installed at the POTUS. They censored anyone who questioned the election or Biden’s crime family and deliberately leaked Republican voter information. The extreme censorship on social media by biased fact-checkers expanded beyond the US. So it comes as no surprise that the government would like to censor “misinformation” that could lead to a bank run.

The people within the system know when a bank is failing, as we saw with SVB’s recent collapse.  Senator Mark Kelly (D-Arizona) asked the Federal Reserve, Treasury Department, and Federal Deposit and Insurance Corp (FDIC) if it would be possible to censor information that could lead to future bank runs. Kelly is denying the claims despite people on both sides confirming his question.

The government implements bots on social media to support its agenda. Elon Musk exposed Twitter prior to the takeover. Twitter admitted when filing with the Securities and Exchange Commission (SEC) that around 5% of its 300 million users are in fact fake accounts. Once Musk began to crack down on fake accounts, members of the Democratic Party saw sharp declines in followers.

Twitter quietly began to crack down on bots in April 2022, and some of the most followed accounts saw a significant drop in followers. Former President Obama once held the record for being the most followed man on Twitter with 131.7 million followers. After the algorithm changed, Obama lost 300,000 followers instantly. Pop singer Katy Perry, the third-most-followed account and an outspoken Democrat, lost 200,000 of her 108.8 million followers. Half of President Joe Biden’s 22.2 million followers are fake accounts. Based on the 2020 US Presidential Election, Biden should be the most popular president in history after securing more votes than any other president. “My strong intuitive sense is that having a public platform that is maximally trusted and broadly inclusive is extremely important to the future of civilization. I don’t care about the economics at all,” Musk said in April of 2022.

So Kelly’s proposal is not merely a method to avoid bank runs. This is infringing on our Constitutional right to the freedom of speech to control the masses via media. Let us not forget that nearly all social media platforms heavily lean left and support the same message.

Martin Armstrong March 15th, 2023

Posted In: Armstrong Economics

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