Morgan, we're going to talk about the future of finance with John Person, a 39-year trading professional,

co-founder of J-Person Asset Management.

Tell me about all these central banks, all these central bankers, kind of repeating the same line, the same speech recently about how they did it or the inflation's in check. It's what they're doing is working.

They're almost done with their campaign. Give me your evaluation of those statements and

how the markets reacted. Okay. Great point. And we all know that inflation has, you know, been becoming for the last

year and a half, you know, a heavy weight on not just consumers, but now anyone that's invested in the

market. Now, the central bankers, I wouldn't say that without a doubt, they're in a concerted

effort in a one world economy to be in concert together. If we go back first before I answer that

question, we have a lot of banks here. The regional banks in the United States had a lot of

issues because rates went up a lot faster and higher, and a lot of banks here. The regional banks in the United States had a lot of issues because rates went up a

lot faster and higher. And a lot of these banks felt that, well, depositors don't want to put their

money in anything. We're not going to offer any high rates for just parking their money here.

So let's use that money. And we'll invest it into what's known as swaps, derivative swaps with a rate yield

between the United States bet funds rate and European Central Bank set rate.

So what happens in March when a couple people come into Silicon Valley Bank and say we want

our money right now, they made a draw on the bank and the bank

couldn't cash out those derivatives because they bought them here and they could be safe if they

held it to maturity. Maturity might be another year out. If someone says, I want my money today

and you've got 365 more days that you have to hold that, you got a problem and you've got to

sell it a loss. So the bank took this huge loss. So that's one of the elements of why higher interest rates

and Jay Powell, who is the head of the Federal Reserve, and Christine Lagarde, who's the head of the

European Central Bank, and Bailey, who's head of the Bank of England, all recently, we've had

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