Joining us now is Tony Arderman. Thank you for joining us, Tony.

Oh, thanks for having me back, David. I was enjoying the show. No, no worries at all on the delay.

Sorry about that. Yeah, I mean, they're now openly talking about this. We've got a guy who is on the Federal Reserve Board in New York saying, I think we're probably going to have 500 banks fail this year.

You've got the FDIC saying, I think it'll be at least 52.

But then they assuage everybody's fears and say, don't worry, it's not going to be the big banks.

It's going to be the small and medium-sized banks.

Well, that's right.

I mean, it's the small and medium-sized banks. We saw that really spill over from

FTX and of course they were able to plug that leak. Janet Yellett stepped in and and of course

the Federal Reserve. And then when she was asked by Congress, if she would step in and save the

all banks, if all banks had the ability to be saved by the Federal Reserve or the

Treasury, she said no. And she wasn't, she wasn't going to leave that on the table. So I think

that's what you're seeing in small and medium sized regional banks. Those are going to be in the

chopping block first for the consolidation. The bigger banks are going to want to buy up those assets.

We saw that in 2008,

with TARP funds in 2009 and so on and so forth. So I think what we're seeing, David, is really

the games, the chess board is being set up to bring in these bank failures, and the bigger banks

are going to be poised to buy up all of them.

And that's really, really, we've been talking about this for a couple of years.

Now, that's the backbone of the central bank digital currency.

Yeah.

Yeah. When you go back and you look at what kicked all this stuff off, you know, everybody talked about the removal of glass, Stegel,

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