Hello fellow rebel capitalists hope you're well. So most of you know from watching my videos that I think the banking crisis has not come to an end in the United States. I think we're maybe innings seven,

or I probably six, seven, something like that.

But there's probably more problems to come.

Now, I'm not saying it's another GFC type of event where J.P. Morgan and Wells Fargo

and all of these guys come down and require a bailout. But I don't think we've seen the end of it with these

regional banks and then making some really bad decisions that are now impacting not just the asset side of the balance sheet, liability side, the whole thing combined, which could put more stress which could have them

tighten up the credit standards and if you have tightening credit that could

impact the overall economy my My bigger concern, obviously, is credit tightening at a global

level in the euro dollar market. But let's go ahead and see some of the more recent data that has come out

around the banking system to try to determine,

okay, have we dodged a bullet or is this something that we should still be worried

about based on not George Giam's opinion, but the actual facts.

All right, so first, let's kind of hear a counter argument because a lot of the mainstream and the banksters and the Fed as you can imagine they're saying oh well this thing is over the Fed is a genius or they're all geniuses at the Fed. They came out with this bank term funding program,

BTFP, another one of their crazy abbreviations or acronyms. And because the Fed is so clever we avoided this crisis they solved the problem

nothing to worry about nothing to see here move on we're never ever ever ever going

to have to worry about a bank going bust again. Okay, so this is from

Reuters September 5 rising demand for Fed Bank lending program is not a sign of stress.

You know what that reminds me of Josh?

That reminds you a drone pal.

Remember back in September of 2019 when he had to do QE because of the repo market blowing up?

And he said, whatever he is, do not call this QE. He was adamant that you do not call this QE. He was adamant. You do not call this QE, this is not QE, because QE would imply that we're going to be doing this forever and then surveys the sickness. And although all that goes straight out the window.

But it sounds, it's got the same vibe, right?

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