Move over China Joe. Comrade Joe has made his appearance on the national stage, declaring, “That’s how capitalism works,” a reference to the banking “crisis” he created and his people knew was coming.

This is what happens when the Biden Administration inflates the currency, the Federal Reserve raises interest rates too fast, and banks like SVB are caught in the middle.

By the way, none of this had anything to do with the “Trump deregulation” of banks or the “woke” character of one bank. It’s due to a Soviet-style economic policy designed for a federal takeover of a federal banking system of about 1,200 national banks which also threatens the financial survival of regional and community banks that number in the thousands and serve millions of Americans.

So-called “conservatives” ranting about a “bailout” of the depositors, who need and deserve their money back, are missing the point. They are mostly small and medium-sized firms and small businesses which put their money in that bank and are creating new products and technologies. One of them, Roku, has pioneered streaming services for new conservative channels that enable people to bypass Fox News.

These companies should not be punished for the inflationary policies of Comrade Joe Biden and the destructive interest rate policies of the Fed.