Hello, double capitalists hope you're well.

So you guys know from watching my videos that I've said for a long time

that this banking crisis that started in March of 2023

is only in inning five or six.

We're seeing that play out again today. But now it's not just with

a US regional bank, it's with a globally systemic Eurodollar bank. Now they haven't gone bust yet. They have definitely gone into crisis mode.

Let's go right over to Bloomberg and find out what's going on. I'm going to show you a clip and then we're going to go through

some details on the actual story. So shooting over to Bloomberg.

We're following the latest developments coming from Nolinchuking Bank saying that he plans to sell around

63 billion dollars in U.S. and European sovereign bonds to halt the bleeding from wrong way

bets on interest rates. The agricultural lender has

confirmed it's now facing a full year net loss of almost 10 billion dollars.

That's triple its previous forecast for more.

Okay so just in case you didn't hear that, that's $10 billion.

And what's really, what shows this is, they're in crisis mode.

There's a lot, you got to read between the lines here on a lot of this stuff because no bank is going to come out to tell you that they're insolvent because then it's a self-fulfilling prophecy especially not Japan.

So they came out about a month ago or so and said yeah we're gonna

take some pretty heavy-duty losses because of things that are happening in the

economy, interest rates, bets that we made that went sour,

and because global recession, because counterparty risk, increasing the banking system, etc, etc.

So they said that it's going to be right around 3 billion maybe and then

they came out yesterday the CEO and said oh yeah actually more like 10 billion and so that brings you up to speed as to what they're

...