Hello, fellow rebel capitals, hope you're well.

So we have another huge corporate bankruptcy that rocked Wall Street,

and there could be some fraud involved.

So we have to ask the question, is this starting to feel a lot like 2007

or maybe even the beginning stages of 2008. And the thing that's crazy right now

is it's like we're combining. We have a merger of 2007, maybe 2008 and 1999 of the AI bubble. So talk

about a crazy, crazy, perfect storm. We're going to talk about that

in this video and make sure you sit at the end because I'm going to be telling you how you can get a

free $500 bonus or a bonus worth $500. I'm going to tell you that at the end of this bit,

at the end of this video, excuse me. But let's dive right in here. This bankruptcy is all about a company called First Brands.

Now, what's bizarre is you would think they're just like a mom and pop type of company.

They sell like auto parts, like windshield wipers to auto zones.

But somehow they were borrowing billions and billions and billions of dollars all off balance

sheet and they're taking collateral. They're re-hypothicating it. And do I think this is potentially a canary in the coal mine?

Absolutely, I do.

But do I think it's a canary in the coal mine because this in and of itself is going to have massive

systemic risk that's going to bring down the entire system like the GFC?

No, no, no, no, no, no.

Don't get me wrong.

But what I think this shows us is that the water

or the tide is starting to go out. And when the tide goes out, you see who's swimming naked, as Warren

Buffett says. And I think it shows us that there's a lot more people swimming naked, which you would expect when you have a

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