Hello fellow rebel capitalists hope you're well.

If you're watching the news you're seeing how Credit Suisse is imploding

in real time right in front of our eyes. Is it the next Lehman brothers? Is this kicking off the

GFC 2.0? I don't know let's get into this article and try to answer some of

those questions. We're going to go straight to ZeroHedge.

Title, Credit Suisse, Credit default swaps explode. That was the chart that you saw in the

thumbnail. And when they say explode I actually think they're understating

what their credit default swaps are doing right now and as most of you guys know from watching my videos

that's simply the price on the insurance if they go bust.

So the higher that price goes, the higher the probability the market is giving that credit default swap or excuse me credit

Suisse is the next Lehman brothers moving forward with this title reportedly

urged S and B show of confidence, the ECB quantifying exposures.

So let's get straight into this here.

The Financial Times reports that credit D. Credit Suites,

Credit default swaps, has appealed to the Swiss National Bank

for a public show of support.

Hmm. And Josh is right here, and I know the first thing that's coming into his mind is the swap lines. Remember that? Well, but that was the that was kind of the canary in the coal mine.

If you guys were watching my videos a few months ago, we were doing we were reporting on how the swap lines, the dollar swap lines between the United States and the Swiss National Bank was being used.

And it was getting up for about a week or so, and it kept going higher and higher and there were more

and more counter parties and this suggested

that there were some cracks let's say with a Swiss bank such as Credit Suisse and so now that we see this coming to the surface I don't

think it's any surprise at least it's no surprise to the people that were

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