Hello, fellow rebel capitals. Hope you're well. So big news. Swap lines. Swap lines.

Swap lines. Remember the swap lines that we first heard about? When was that? Maybe, is that 2019, 2020? I don't know, but they're back in full force.

And everybody is talking about how this is.

What we want to do is we want to go over what a swap line is.

It's actually pretty simple.

I don't even need a whiteboard for this.

And then we want to go over how that's going to impact the guy or gal on the street,

the business, the average Joe and Jane, and then also how that might impact the treasury

market or might not impact the treasury market. So let's go over to what I'm referring to more

specifically. And the swap lines have been

talking about a lot of them going to the Middle East, Middle Eastern countries, and Asia. So I'm

going to go back to Scott Besant talking about this because he's actually rather coherent here.

It's just very easy to take what he is saying and misconstrue it to come to very, very wildly

inaccurate conclusions. But let's start here. So that's right. Oh, let me do a screen share.

Almost forgot. There we go. So this is from a couple weeks ago and this is scott besent defends u.s. dollar swap lines

is iran war harms global finances and i think more recently they have opened up swap

swap lines to the uae which i think a lot of people are kind of

pissed off about that because the uae is a rich country but they're not really understanding what's

going on at the swap line so key talking points here assent on social media this was a few weeks

ago defended the possibility of the U.S.

participating in swap lines. Now, my initial thought was, why is the Treasury saying, like,

what does Scott have to do with this? Because they're with the Federal Reserve. And later on,

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