Hello fellow rebel capitals hope you're well so the second wave of the bank runs has just begun

according to experts this is something that you got to sit down and pour yourself that stiff drink because everybody thinks that this crisis is behind us.

The Fed came in to the rescue, they saved the day, not even close.

When you actually look at the data, we can see that this crisis is just in ending two or three.

We're just getting started.

Let's get right over to this article, and I'll tell you again, or three we're just getting started.

Let's get right over to this article and I'll tell you exactly what I'm referring to,

then we'll connect some dots.

And what's great is I did a whiteboard video about this topic today before I even knew or I saw this story.

So let's get right into it here.

When I'm talking about experts, I'm talking about the banksters themselves.

This is from Barclays. They are warning the second wave of

deposit outflows from U.S. banks has already started that these these quote unquote sleepy depositors are waking up.

And when you read the gist of this, it makes a lot of sense.

Let's dive right in.

Barclays says that the first wave of the run was related to solvency fears.

That wave may be almost over, but here's a quote from them.

We think the first wave of the outflows may be over, but the recent volatility, I don't know what that word is, regarding deposit safety may have awakened sleepy depositors and started what we believe will be a second wave of deposit departures,

with balances moving from the banking system,

wait for it, into money market funds.

Again, something we've been talking about on this channel a lot. to money market funds.

Again, something we've been talking about on this channel a lot

...