Hello, Hello, Rebel Capital.

Hope you're well.

I'm here with my good buddies, Ken McElroy and Jeff Snyder.

I was just telling the guys that every single time I talked to Kenny, he's telling me what it's

like to deal with these banks daily.

And when he's telling me this stuff, I'm like, man, I wish Jeff Snyder could hear this, because

Jeff always talks about what's happening with the banking system, but he's doing this from a 30,000 foot level.

He's seeing all the charts.

He's seeing all the yield curves and the near-term forward spread and he sees money being

tighter and tighter and this impacting the Euro dollar system, but he doesn't see it,

what Kenny's seeing and he's not talking to these regional banks.

He doesn't add the boots on the ground Intel and Kenny is

dealing with these banks face to face daily but he might not have that 30,000 foot

view so I wanted to connect these two guys and I wanted Kenny to download and tell Jeff exactly what he's experiencing and then Jeff can kind of interpret this through the lens of what he's seeing with all these curves, interest rate curves,

with the regional banks,

and of course the bigger picture

with the global monetary system.

So Kenny, do you want to start off

by just kind of explaining to Jeff

what you're dealing with daily here?

Certainly, of course.

Thanks, Jeff.

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