Yes, how come genius is doing? What genius do? She's a genius too. Let's go meet him. Let's see his blueprints. Let's take a picture with him.

We got a picture. Genius! ever since I came in. knew I would wreck the game the day I met the microphone. shit life ain't been the same intellect on Cosmic levels was born with two brains higher than a NASA astronaut saying that they better than me knowing that they ask us Ryan Gosley I lost the notebook so I won't jot nothing down I've been out here trying to put on for the town financially I'm getting Pennywise minus the clown cause I don't joke but I got a Harley Quinn riding with me who you give me if you don't you need some big brain energy See Me Now Beautiful attention.

Attention. Oh brother, oh brother, oh brother. All right, let's do this thing. Let's do this thing.

Ooh why is the Moon Man not on? What is the Moon Man on? Is it mirrors it a little dark? There's a little dark on the camera today or is it good? Something about the temperature is that my hand is it slow. open in three, two, one I Don't think the delay is that bad. This is all right, just checking some things out. That's how they do it in real.

Production Studios That's how we figure out the lighting and the speed and everything to make sure it's all working as expected. Uh, I'm letting you guys in on a some Secrets I Feel like the lighting looks fine, lighting's good, the screen brightness is all the way down. looks fine. you're still white.

Well, I'm not much of a biologist, but I'm pretty sure I'm going to remain white for the remainder of my life I'm not sure. don't quote me on that one. but I think that's the way it's gonna end up going if if I'm um, if I'm sure. hey, this is a real story.

Uh, before we get into it, you bring up a super valid point and since no one's here yet I um I feel like I can share this story with you So growing up when I was a wee little lad I'm talking I don't know four five I think I just got into school I was a little toddler I grew up in the middle of nowhere Pennsylvania and in some places in the middle of nowhere Pennsylvania There's a lot of camps so like a lot of Summer Camps this that the other thing and I live somewhat near Camp and uh my mom and dad had a good relationship with the camp owners so they're like yeah, like whatever if your children want to come and like just hang out. they had like a big lake and all that stuff. so one day I was playing some basket Hoops playing a little basketball and I was small like to the point that like I wasn't even like close to being able to get the ball to go into the hoop like I just I was a feeble little small human being and I did not have the strength to do it. So then we ended up just kind of sitting there and a basketball camp was in session for one of this particular week was and I don't know if it was like a college Camp maybe or maybe a high school camp but they were pretty serious players and my was sitting there with my mom and I was like just watching them and I was like cheering them on or whatever.

just whatever like little toddlers do. And then the one guy came up. and for the point of this story, it's pretty important for everyone to know that the gentleman who came up to me happened to be of Darker skin color. he was black and at that time I was still probably as pasty white as I am.

The guy came up to us to say something about just like oh you want to be a basketball player or something like that and I looked up at him like just all awesome truck and I didn't quite not that I like know how biology even works now but at that time I knew even less about science or biology and I looked this gentleman I'm looking up at him right by my mom. he's being super cool and I go like I probably interrupted him in all reality and I can't believe I'm sharing this with all of you I was like I can't wait to grow up and be big and black like you did dude's face and he like there's like a quick take to my mom just like completely fucking dumbfounded by what I just said he he looks at my mom like does he know how any of this works. Everyone on the basketball court just completely stopped like Game Stops like I they probably the camp probably just froze the camera and you could just hear it and I thought I didn't get it at all I was like wait, why is that not like a legitimate desire here and like started dying laughing oh man, well I'm still waiting I don't think uh I don't think I've necessarily missed the boat I just I'm waiting for my melanin to kick in I'm waiting for a growth spurt I'm waiting to become more athletic I'm waiting for all of it. Uh, but maybe one day a little a little four-year-old can dream I suppose Foreign.

One of the craziest developments, ongoing developments in the world of the banking sector that's happened arguably since 2008 and we're here. like just saying this dumb shit. Well, I hope everyone had a fantastic weekend I Do I do I do I Hope you had an absolutely fantastic weekend, hope you got a little rest and relaxation I didn't because I spent the entire weekend trying to wrap my head around the craziness. That is what's really going on with the Fallout from Svb with the Fallout from Signature? What's currently going on with FRC What is happening with Credit Suisse and UBS two very big rivals that are now together like this is what's being referred to as a shotgun wedding.

Uh, for those of you in the US, especially in the southern Us, this is basically like a Hatfield and a McCoy. we're like forced to marry each other for I Don't know to stop like the country from breaking apart. That's the best analogy I could come up with craziness. Craziness.

craziness. Um, so we're going to be going over that. We're going to be going over just the other Insanity that we would have had this week even if it wasn't for the banking sector. I'm talking about the Fomc meeting which is going to be Wednesday We get the results at 2 p.m ET You better mark your calendars because obviously we're going to be paying attention all whole thing pure Insanity in the market.

so mark your calendar for that every single day. You never know when something is or isn't going to be continuing in development with in reference to the stress on the banking sector right now, just pure craziness. Pure craziness. We see crypto ripping there if that's another thing that happened over the weekend.

If you missed it, Um, for whatever reason, I've never heard of the gentleman before, but someone called out for Bitcoin to hit a million a coin within 90 days. Um, so a lot of people and he made like a bet about it like a public bet. And so there's craziness in the crypto. World Crypto's been doing very, very well.

Crypto? not so much. Gold's doing well. Long-term bonds such as Tlt's doing pretty well. Silver's doing well.

Ah, there's a lot going on. There's a lot. There's a lot. There's a lot going on and I'm excited.

Uh, so obviously. I appreciate you guys for stepping in hanging out with me a little bit of a morning coffee. I'm not drinking coffee I'm getting espresso I was forced to have a coffee over the weekend and I didn't like it. I'm now like a full-on espresso man I Feel I'm of the opinion now that coffee is creating a middle man called water in my life that I don't need if I'm drinking a drink that doesn't really taste that good.

just give me the caffeine that I need. Just give me the caffeine that I need and that's what I realize coffee is coffee is. It's just adding in another middleman. It's adding in another middleman that I just I simply do not need.

Um, so back on the espresso. Espresso is coffee I Feel like there's a little bit of a technical difference, but I'm not some big coffee Guru I drink it a lot, but I'm sure someone in chat is more knowledgeable on the subject than I am. but I'm pretty sure they're wildly different. Coffee is water with flavor.

Feels like it. Buy an espresso machine I have one actually. Uh, shout out to my producer who's still probably sleeping because I started before he even knew I was starting today. Uh, but he got me a Nespresso basically for being the world's best boss, he's like hey man, I know you already have a mug so I'm just going to get you something to fill that mug of being the world's best boss and I legitimately use it like three or four times a day like I I Think it's safe to say that I have a severe addiction to consuming caffeine.

um, but not those caffeine pills. We did those ones and my heart palpitated for quite a while quite a while. Matt Looking hot as a Texas Roadhouse yeast roll this A.m Clint So nice to say that might be one of the nicest things I've ever read about me on the internet and I've read some pretty negative things and I think this might make up for all that looking as hot as a Texas Roadhouse these whole role he's told Jesus where are we going today folks? this is gonna be quite the show. Quite the show.

Um I think we need to become even bigger supporters of Texas Roadhouse than we are. What's crazy about it is I don't own Texas Roadhouse Uh, like I know I own a Texas Roadhouse obviously with my co-manager Riley Reed and everything. but in terms of owning stock I don't but uh, for tax related purposes as I was really uh talking about last week for last year I have to contribute to an SCP self-employment retirement account somebody BS like that and I think I'm going to take a large portion of it and put that in Texas Roadhouse so we can all legitimately just be like stoked about Texas Roadhouse Whenever it does anything, um, we just gotta get into it. It's I I've already explained it and I don't want to bore the people who are here day in day out.

But as explained, it's a never-ending It's a money glitch. It's an infinite Loop money glitch. You buy the stock, you go there, you get the food. so then the stock does better because you're there.

So you make more money on this stock and it's just a never-ending repeat cycle. It's the infinite money glitch. No one's talking about it, but all you have to do is buy the stock, eat there, then the stock goes up. You use that to eat there again to make the stock go up more.

It just keeps going going. So you get infinite food and infinite money and no one talks about it. but I'm I'm here I I am here to let you guys know the secrets of Txrh and basically Financial Freedom so we can talk about that. Uh, Matt I work for Txrh for over five years I Know their business inside and out.

Let's start one. I have a friend who owns one is your friend Riley Reed MVP Sports sorry when I was 15 it was my first job. Are you a big fan of their yeast holes Finance of tick tock content. Oh man, oh uh.

positive update and I'm I know we're just kind of getting into it folks. It's Monday mornings. and I've noticed with the crowd that I need to psychologically manipulate you to get back into the market mindset. So that's what the Monday shows are.

and then on Friday mornings I have to, uh, psychologically manipulate you to get into the weekend mindset. So Fridays and Mondays from a psychological a sociological standpoint are kind of my toughest because it requires a big mind shift and that's what we're here doing. But anyway, positive update: How many of you in chat had Sivb or Sndy? I think that's what the other one was? Uh, how many of you had Svb bank or Signature Bank puts because really, really strong, positive, exciting developments there. A lot of people in terms of over 300 million dollars worth of puts were set to expire worthless on Friday even though they were in the money and right now obvious we know the underlying is in training.

so you're not going to have what's referred to as X to X or X by X process. Basically, there's no automatic exercising. it would have to be manual exercising and a lot of Brokers were saying uh uh, honey, not allowed to do that, we're not allowing you to do it And basically it seemed like retail was getting screwed again. it very very much seemed like Brokers were working on the behest of market makers and not their clients which happen to be a lot of retail.

Um, I Personally was not caught up in that, but I was following the story very very closely because it just seemed absolutely insane. but in a rare positive turn of events, a lot of these Brokers caved and said okay, yeah, we will let you end up going net sure they lit people manually exercise. Obviously, they had to have the right money and margin and everything in their account and we don't know when these will or won't start trading again. Obviously that's kind of up to the overlords of the market, but at least people didn't get completely screwed this time around.

And you would figure with the immense amount of money that they made off of screwing everyone, especially with Gme back in 2021, that yeah, maybe they could kick some of that back to the uh, you know, to retail who once again were on the right side of the trade and this time finally the casino. The House decided to pay off a winning bet. So a little bit of a positive update. a little bit of a positive update.

there. uh. manual exercising JS Crime I Think you mean is crime? Well, sometimes you have to do that if the underlying isn't trading because how would you price it? Uh, not when the underlying asset is not Trading Treating I Think you mean trading. Well, that's so.

this is getting really into the woods of I Guess some OCC Market structure. If the underlying is trading, the process is referred to as X by X So you get automatic exercising. but when the underlying isn't training the only thing you you can't buy and sell options if the underlying is in training. but you could exercise because you have a contract.

That in this case, if you have a put, you have the right to sell 100 shares per contract at the strike price on or before the certain date. That's what a put contract is and when you exercise it, you're following through on it. Unfortunately, if the underlying isn't training, you can't buy and sell it anymore. you have to do that manual exercise.

So if you don't have the stock in your account, that means if you're exercising, you're ending up going net short. And before this, a lot of Brokers don't allow people to go short. Um, you're allowed to go net short through buying puts. You can go long on puts, but they don't allow you to go short by just selling stock and now it's into the world of okay, like you're gonna end up having to take shares on loans.

so the broker is going to have to go out and find shares that can go on loan and that is going to be a whole nother debacle. So I'm interested to see the technical scenario of this and how it all plays out. I Think it should be an interesting one, but as we all know, especially if you've been here since early 2021, we know there should be no issue with getting a short interest over 100 because they've done it many, many times before, many, many times before. All right now that more people are coming in.

If you haven't already, hit the like button helps out with the battle leaderboard there over on. Rumble Don't forget to hit the like button on YouTube I Know it's annoying to remind you guys of that, but it really does help out. but most importantly, subscribe and also check out what's pinned to the top of chat and in the description of the video. A little bit on these guys in a bit, but what you really need to know is Street Beat.

It's a non-payment for order for low brokerage, the non-pfof so they're not selling your order flow to whatever a market maker. But what's more exciting about that or like why it's even better than these other ones we've all dealt with in the past is they have the option you don't have to. You're not obligated, but you could choose to use their systematic training algorithms so they have various different ones. They have an earnings prediction one A Bonds Ladder one Top Government Contracts What are U.S Politicians buying? What are they selling? inverse Jim Cramer Inverse CNBC Those final two will be rolling out in the near future, so you just put your money in it and it does all the buying and sell.

Now once again, you're not obligated to use those, but they are an option. or you could just use it as a normal non-payment for order flow brokerage. it is pinned to the top of Chat it's in the description of the video If you want a free five to five thousand obviously as an attractive offer to get people to sign up, make sure you're using that code Matt M-a-t-t when you sign up. If you use the code map, the referral code will be like right on the first page when you download this app, use the codemat M-a-t-t right when you sign up page one and you're gonna get that bonus for depending and scales with your deposit.

Um, if you already created the account and you didn't see where to put your referral code or maybe you forgot DM Me on Instagram DM Me on Twitter and I'll get to it as soon as I can. Actually, if you do it early this morning, I'll be able to take care of it today because I'm meeting with the team later on today so I'll be able to take care of like the current batch. Uh, very, very quickly. But if you're watching this right now and you're not signed up with three people, you might as well do it because worst case scenario, you're gonna get five bucks for just checking it out and then from there.

I truly think it's awesome I mean as of now I have ten thousand of my own dollars in their strategies and I'm definitely planning on putting in more pretty soon. So check it out. Pin to the top of: chat in the description or just download Street Feet on your phone put in that code Matt The referral code will be on page one and we could talk about them more a little bit later. but what I really want to do is talk about the craziness of the market.

So obviously we closed Friday on the spy at 391 and I wanted to show you this huge drop down to 385. we pop back up and now it's just been fighting. Um, the big development over the weekend is twofold. One UBS is officially buying out credit Suites I have all the details on that.

We will be getting into it as I alluded to before, it's continually being referred to as a shotgun wedding and it is exactly that. It is event that no one really wants to be at. You're forced to go and for some reason there are far too many rifles involved. That's what's going on, so that should be exciting.

And then I Also want to talk about what in the world is really happening with the FED I Know that's a little bit bigger, a little bit more monetary policy, and some of it's confusing. But right now, money supply is going up. Uh, you might be like, what the hell is money supply? Literally the amount of money Our amount of money expands and contracts. Right now it's expanding again because they are opening up a daily liquidity swap thing right now with a bunch of other uh, we're talking about I think England Canada Japan I Think there's two more involved in here.

But basically this is trying to help the contagion not spread on, uh, much more of a vast International scale. So basically they're trying to say Hingham all these other Banks they have U.S treasuries. but to trade in those they need USD and sometimes they don't have enough USD. So they're going to have to trade their local currency such as the Yen or the Euro or the pound to get USD And all of a sudden you're seeing the money supply go up.

Now that might sound a little foreign, but the real takeaway there is. when you see money supply starting to pop. You also start to wonder: is it inflation? Is it quantitative easing? It's not technically quantitative easing because when you're doing that, you're trying to take your foot off the third of the economy and almost intentionally prompting inflation. This time it's more of, well, yeah, it might be.

But theoretically it's not a state sticky of inflation. So as much as it's a joke as we were told it was transitory in the past, the little pop that we're getting now from the recent Fed developments, it actually should be transitory and I say should very hesitantly because I know all the jokes related to this and I know that seemingly whatever the FED does, it doesn't seem like they've been able to do really any of this job. Well, it all seems kind of sus. So I want to throw that out there if you want to talk more about it, we definitely can.

and I know this is all like alleged and theoretical and transitory and I am fully there with you. and I understand that all the stuff that we're continually told, it just seems like they're speaking out like one side of their mouth and then their actions are completely different. and I I'm there with you I'm sitting on this bus that's apparently driving through Purgatory and we're all dealing with it together. But uh, we can talk about that so we see the money supply going up.

There are fears that this could make inflation even in the short term a little bit worse. And then we have the Fomc. meaning this midweek Wednesday the 22nd, 2 p.m we get the results. Jerome Powell The chairman of the FED will be speaking at 2 30.

So that's all going down. And right now with Credit Suisse we're seeing FRC First Republic Bank Still getting its teeth kicked in. There's just so much going on. Now to all of you who are dealing with that, well if you shorted Banks Massive Congratulations to you I myself bought a decent sized position in FRC my long-term account, hoping that in the long term it can recover.

It's super high risk. It's super high reward. So if you're doing something like that, obviously be very, very careful. Like, this is kind of a degenerate play.

Uh, congratulations to you if you've been degenerately going long on crypto because that's paid off. I mean just a couple weeks ago, we know that Jim Cramer told us if you're up on crypto, you should sell it right now, which probably told us we should have all been buying more And that's exactly what it did. It ripped, it ripped, it ripped. It hasn't hit 30 000 yet, but dang, it really looks like it wants to.

So a lot of stuff going on all over the market. We're gonna try to weighed our way through it together as a team to see if we can kind of make sense of all this crazy volatility, insanity and just kind of chaotic erratic nature that we currently seen in the market. What is this? uh, stocks make? Uh, we don't need that one U.S Stock futures rise as traders. That says health of global banking system after UBS Credit Suisse Deal the best way I Can really characterize what's happened over the past a week and a half at this point is global powers are doing everything they can to restore confidence.

This is much more psychologically driven than it is a pure Finance money play. So for example, Svb. Actually, this is my question to all of you when this: I Guess when the shoe dropped and we noticed that there was an issue in Svb, does anyone here know how big of a loss they actually first took like this is? um and I mean this, not rhetorically I mean this like actually? uh, we all know that there was like clearly a bank run and 42 billion dollars worth of like withdrawals in a day like it was a full-on bank run. But my question to you is do you know how big of an issue it was Like truly the when they had to a mark to Market loss because they had to sell some of their bonds and it was stupid they bought so many bonds in a rising interest rate environment.

like basically just saying they don't believe the FED at all and how could you do that when you're top 16 bank? That blows my mind. Um to Billy uh yeah, no uh Brandon You are right. So they had a 1.9 billion dollar loss or maybe 1.8 and some change. but let's just call it 1.9 1.9 billion dollar loss.

We're talking about a north of 200 billion dollar Bank It wasn't that big, but that's the exact point that I'm trying to make. is this actual loss on paper and then they're like okay, like maybe we should do a little bit of a raise and they try to raise I believe 2.5 um two or two point five to cover up that hole and giving themselves a little bit more breathing room that that number which I would argue. it's very, very small compared to the entire tournament oil that we're currently seeing, but it's also pretty small. even just to Svb is what causes all this.

Like we're not talking about that much actual Financial loss that led to a massive one, but what led to it was all psychological. People saw it and they heard it. They're like wait, hang on, you're taking out your money. You're taking out your money I Want to take out my money because no one wants to be the person who saw everyone else take out money and then they left theirs and then they're the one not getting their money and we now know that it didn't really matter because all depositors at that bank are fully going to be backed by the government.

So like whatever depositors are secured. But at the moment, it's all psychological. and I find this to be particularly funny. and I Don't know if I'm going to lose somebody here, but what? I don't get about it is, um, a lot of us met.

We said, hey, how you doody, how you doing partner, howdy partner Um, back in 2021 when there was craziness related to Gme, then there was craziness related to Doge Then there was craziness related to AMC And then there was craziness related to Sheba Arguably those four events that I think a lot of the retail Community kind of got shit on for was psychologically driven. Uh, it was very much detached from Pure Fundamental Financial Value I Think we could agree on that. It was much more of a crowd psychology moment, and now we're seeing one of those again, albeit in the opposite direction and on a much bigger scale because we're talking about trillions and trillions of dollars. But that's like folks, this is the market.

The market when you really, really think about it. Whether small with an individual company or massive with an individual sector or the global economy, it works on this concept of are we just all mentally bought into it? There's no rules that stocks or crypto or this or that has to trade at a certain price. It's all because the crowd just agrees. Like it's all psychologically driven if and you see it in both ways.

It goes to the upside when you see extreme greed. we've seen that before and then it also works the other way when you see extreme fear. And to some people that's like more interesting. And then to other people I think it's very disconcerting when you're like oh wow, our entire Financial system is very much a House of Cards based on the concept of like just everyone to your left and right.

like. We all agree that it's a useful thing. that's I would argue one of the strongest attractions to the world of particularly Bitcoin or something like gold were okay. I I Know, let's just call Gold being a finite amount.

I Know it's not. Obviously we could get more, but Bitcoin it is a finite amount. We know there's only 21 million. Um, because the opposite of it.

Uh, let's just look at the USD when we call it a fiat currency. folks, it's based on nothing. Um, before the 70s. Yeah, like we used to be backed by gold and it was actually backed by something and it was just like a note that you could transfer if you wanted and then after that they're like yeah, no, we're not going to do it.

It it it's it's nothing. It's there. It's Fugazi. It's just it's it's just pure belief.

That's what it is. It's belief that the US government will figure it out, which I find to be particularly comedic. especially when we have like, the most heightened levels of polarization that we've seen in my lifetime for sure. And then there are ways to track it.

I mean I guess from a statistical measure and maybe if someone who's been around the block a couple more times than I have could like comment on this. Uh, I guess the last time we had that the political polarization at this level was in like the Nixon era. Um, obviously I wasn't alive. then I was just a little I guess tadpole thinking that one day I would grow up to be a big black man.

but I don't know for the people who are just joining that particular joke. um, you're not gonna get it and I don't know if I want to explain it to you I don't know if I think it's more funny than I just said that and you have no idea what I'm talking about. But anyway, it to me, it's still comedic. The fact that the hyperpolarization, that entity our government is the thing that we're all supposed to have faith in, that that has faith in our dollar, the overall system.

our government paying off like their bills, their debt like it's all crazy and that's like that's the game we're in. That's exactly the game that we're in. Uh, find it absolutely nuts. but I do find it very extraordinarily.

Um I Guess my curiosity I find it particularly fun to engage in, especially because if you could figure out parts of the puzzle before other people do, you can actually make a lot a lot of money. Um, right now, the Dow, the S, P, and NASDAQ are all bouncing back are all in the green territory. When I got going today, it was actually in the red territory. oil coming down.

I'm very surprised how much oil's been getting beat up lately. at 66 a barrel I am going to have to do something. um, my Oxy position it's getting. It's crushing me.

so I'm gonna have to figure out something with that pretty soon. and we see the 10-year yields popping a little bit. So the Day of Reckoning So this was a recap from last week. I Let you know what I did with all my positions.

In terms of like this whole Saga of selling Premium, this is the first time I've suffered a loss. uh, doing this with all of you. but before we get into that, just so you know, for today, March 20th Uh, the buys of today is neutral. Um, it's not really bullish, not really bearish, Pretty much a neutral day, so seasonality, not really giving us a strong indication of what we should or shouldn't be doing.

As I said, this was the first loss I've suffered like with you guys all in this newsletter talking about selling Premium. uh, still green on the ear. so I'm not saying that like in terms of this premium selling Saga that I'm down. Uh but Meta just completely screwed me up.

I Just in no way expected them to be like yeah, like not only are we laying off more people, but we're laying off even more and more people and then just craziness and suit. and then I went on tilt I made some bad moves I detailed it all here. You have all the information, all the closed positions, all the new positions I made an iron Condor train. Uh, for those of you who don't know what an iron Condor is more than happy to talk about it and get into more details of what it is what it isn't after the Market opens.

So if you guys have iron Condor questions. Uh, let's definitely get into this and then all the details are here and then I have all my current positions question to you folks to you guys who read the newsletter instead of me putting all the com like the current positions in the newsletter like this. Um, for the currents, Do you just want me to drop a Google Excel sheet instead a Google sheet. Would that make more sense of like Okay, I'll do the close positions I'll do the new positions and then for the current ones.

Does that make the most sense? Would that be more readable if I just put a like Google like sheet and then we could update it and then also in a weird way you'd be able to see the pre like is that a more readable thing? First two things I see are no no and then I say yes and then I see a yes. Current format is fine. Ugh. All right I'm gonna have to yes so the only Advantage Well I thought with the advantage I thought a lot about this over the weekend.

I was like okay, well it could let you know the history of closed positions if we do it that way. So for example, the last time you see a position it just has closed here and then it's like it disappears Into The Ether But for anyone who's joining to the newsletter a little late, you might be like well how did things play out a couple weeks ago like what was he training then I thought it was a better way to perhaps track the history of thing how things have been going I don't know I just want to throw it out to you and obviously let me know your feedback I just want to do what I can and then I let you know. Just like my thoughts for this upcoming week and everything. but hey, if you're not on the newsletter, sign up.

It's in the description backwards.locals.com if you're on Rumble just hit that red button. It is free. But the main thing you need to know is today, in terms of macroeconomic events, there's none scheduled. There might be some surprise speeches From a seasonality standpoint: today is neutral.

it's sideways, so it's very much gonna be like we're gonna be in a weird two-day hold period between today and tomorrow of everyone trying to consume and make sense of the confusion related to the banking developments. But on top of that, they're also going to try to be predictive of not only what the FED right hike is or maybe isn't. At this point, there might be a chance that we get no rate hike on Wednesday. But also what is Jerome pow gonna say? Is gelling going to pop off and say something stupid? Um I know I'm not like you guys if you've been here at all.

A side note: do you know that I'm not the biggest fan of Yellen I Think she like is just like a little Gremlin character and it's not just because of her physical attributes. Um, but I think her actions and her decisions are what make her a gremlin? Did you know that before she became Treasury Secretary, she got over 7 million? That's seven with an M as in the word million. Seven million dollars in speaking fees To speak at these banks? that she is now one of the people who gets to decide if they're systematically important or not. Does no one see conflicts of interest there? Like at all, a person who gets paid money to speak And then they get the Treasury Secretary position.

And then all of a sudden that's the person deciding like almost getting to play God of if a bank lives or dies like what? How is that? I Saw a couple of tweets about it and then I almost got more confused. How is that not bigger news? What is going on? Or we could talk about that so much and I'm already. You guys are gonna just make me hot and bothered if we go down this particular road so early in the morning. But even just like the FED all Fed members to avoid ethical concerns, they all sold in November of 2021.

they pretty much top ticked the market. They were off by a handful of weeks for ethical concerns and then they did it on November and then in January they're like, oh, we're going from quantitative easing to quantitative dieting and everything sells off. So we have the FED doing screwdump things. We have politicians doing insider trading with the Treasury secretary just like, Clearly bought and paid for clearly seven fucking million dollars in speaking fees.

That's the word we're in. like what? And then everyone's like, uh, okay, yeah. retail Traders are the problem. Fuck me man, that's crazy.

That's absolutely crazy. Anyway, Side note: I Think what is this world's top client Scientists Issue Survival Guide for Humanity call for major course correction Hey man, I'm just trying to get through the week I Don't need to do the survival guide right now. All right. back to the Hatfields and the McCoy Shotgun wedding UBS Rescues credit Suite So UBS Credit Suisse they are long time Rivals and now they are incestuous cousins.

So some craziness going on there. Oh, where did all my things go? Uh, UBS buys Credit Suisse for 3.2 billion as Regulators look to shore up the global banking system, they are buying the entire company for pennies on the dollar UBS agreed to buy its embattled rival Credit Suisse for 3.2 billion. At first their offer was 1 billion and then they kind of got talked into upping it a little bit with a lot of interest. In caveats in the deal, the term of the deal will see credit.

Suite Shareholders receive one UBS share for every 22 almost 0.5 credits we shares they hold. So this is an all stock deal. Basically, if you own CS it's all going to get transferred. Every 22.5 shares you own will end up as one share of UBS The switch National Banks Also pledged a loan of up to 108 billion to support the Takeover.

So basically Credit Suisse was going down and there was a lot of ideas. a lot of like I mean normally deals like this take months like we're talking probably the better part of a year And this happened in a weekend and at one point Switzerland was thinking okay, like should we nationalize it We all know that they put up over 50 billion to try to backstop it like with government money and I guess they were according to UBS and UBS said if we do this, you have to make it the best freaking deal ever and that's what they did. UBS is basically getting credit Suites for pennies on the dollar and they're also putting essentially all the risk on the like Switzerland Like the country of Switzerland is basically saying hey, if anything goes south, we'll pay the bill, but please buy them. This acquisition is attractive for UBS shareholders, but let us be clear, as far as Credit Suisse is concerned, this is an emergency rescue.

We have structured a transaction which will preserve the value left in the business while limiting our downside exposure. They basically have no downside exposure. They do have some, but really, the government is going to pay the tab if there is any downside exposure or if there is any downside in reality is the best way to word that the combined bank will have 5 trillion in of invested assets. The Swiss National Bank pledged a loan of up to 108 billion to support the Takeover.

The Swiss government also granted a guarantee to assume losses up to 9 billion Swiss Francs about 10 billion dollars from certain assets over a preset threshold in order to reduce any risk for UBS That's the most interesting part. UBS said we'll buy this but but but if things go south, you're going to pay the bill up to 10 billion. Which credit is supposed to use? Even worth that. So basically they're saying you're paying the bill if it goes bad.

So for UBS shareholders? yeah, I know UBS is actually down in pre-market But the way I look at it and I'm no financial advisor? I'm just a dipshit wannabe streamer. Um, it seems like a pretty sweet deal. It seems like a really sweet deal. All right.

So for Credit Suisse the losses came despite a new loan for up to 54 billion with a B granted from the Swiss Central Bank last week just wasn't enough. Then they were talking about nationalizing and now UBS has stepped in scale and potential impact on the global economy is much greater than U.S Regional Banks which pressured Swiss Regulators to find a way to bring the country's two largest financial institutions together. Credit Services Balance sheet is around twice the size of Lehman Brothers Winning.