Hello, for the Loverra Capital, I hope you're well.

So I wanted to reveal some information, some insider intel that I was privy to last week when we did this macro camp in St. Bartz.

Now, I don't want to give out any names, but one of the gentlemen that was there was an OG in the, I call them primary dealer banks. Let's just call it

that multiple primary dealer banks. And he knows the plumbing and certain components of the plumbing

like no one I have ever seen in my life. And he was talking to me

about his framework, which highlights this stealth bailout the Federal Reserve has been doing

or is maybe currently doing with a lot of the globally systemic banks.

Now, I can't reveal the specific banks, but I wanted to get you guys up to speed on his framework

because it completely blew me away.

And in his opinion, this is why the Fed, Jerome Powell,

has really kind of pivoted to taking a more dovish stance.

It's not just because of the labor market.

It's more so the banking system and the monetary system.

And then, unfortunately, they're backed up into a corner where their bailout could lead to a Black Swan event that could potentially lead to a crisis within the banking system itself, similar to what we saw during the GFC.

I want to be very, very clear.

I'm not giving you my opinion.

This is not a prediction.

This is simply going over someone's framework that is incredibly, incredibly sophisticated, very sophisticated.

And you'll see when we go through this, that I'm going to try to bring it down to a level

that we can all understand, me included.

But a lot of this stuff is incredibly esoteric, let's say.

So let's start, let's go over to a sample of just a slide here that I just pulled up on Google,

...