Um, how, how concerned should people be about those statements? I mean, do, do you think they're planning to inflate the debt away? Is that what we should take away from this?

Yeah, I think the takeaway here is trying to answer a question that has no good answer, right? So when you look at $40 trillion of national debt, you look at the number one line item on our national spending, more than, than, you know, Medicare, more than the military, the number one line item is just servicing the national debt.

So when you, when you think about that, you know, if you were a family, you know, if the country was a family here in a sense, uh, if your number one line item on your family budget was just the interest on your credit card, you would probably be discussing bankruptcy, right? And so similarly, we're in, we're in the exact same position as a country where our number one line item is ju- is not paying the debt down.

We're not talking, we're not even talking about that anymore.

In fact, we used to talk about balancing a budget.

We don't even really talk about that anymore.

Uh, but as a, as a sense here, we're paying so much into the interest that we're, we have so much less that can actually go to any, any services or, or really anywhere else.

But, uh, what do you make of, of these rising yields that we're seeing in the bond markets? What do you make of these governments and federals or, uh, central banks in other countries moving away from dollars and toward gold? Uh, how, how concerned should we be about that? What does it mean?

How concerned should people be about those statements? I mean, do you think they're planning to inflate the debt away? Is that what we should take away from this?

Yeah, I think the takeaway here is trying to answer a question that has no good answer, right? So when you look at $40 trillion of national debt, you look at the number one line item on our national spending more than, than, you know, Medicare more than the military.

The number one line item is just servicing the national debt.

So when you think about that, if you were a family, if the country was a family here in a sense, if your number one line item on your family budget was just the interest on your credit card, you would probably be discussing bankruptcy, right? And so similarly, we're in the exact same position as a country where our number one line item is not paying the debt down.

We're not even talking about that anymore.

In fact, we used to talk about balancing a budget.

We don't even really talk about that anymore.

uh and you know you hear people say well there's nowhere else to go right the us dollars the only game in town u.s treasuries are the only game in town um and and a lot of that kind of hinged on the petrodollar right the arabs are just going to keep selling oil in dollars so everybody's going to need dollars forever but what do you make of these rising yields that we're seeing in the bond markets what do you make of these governments and federal central banks and other countries moving away from dollars and toward gold how concerned should we be about that what does it mean

Um, how, how concerned should people be about those statements? I mean, do, do you think they're planning to inflate the debt away? Is that what we should take away from this?

Yeah, I think the takeaway here is trying to answer a question that has no good answer, right? So when you look at $40 trillion of national debt, you look at the number one line item on our national spending more than, than, you know, Medicare, more than the military.

The number one line item is just servicing the national debt.

So when you, when you think about that, you know, if you were a family, you know, if the country was a family here in a sense, uh, if your number one line item on your family budget was just the interest on your credit card, you would probably be discussing bankruptcy, right? And so similarly, we're in, we're in the exact same position as a country where our number one line item is ju- it's not paying the debt down.

We're not talking, we're not even talking about that anymore.

In fact, we used to talk about balancing a budget.

We don't even really talk about that anymore.

But, uh, what do you make of, of these rising yields that we're seeing in the bond markets? What do you make of these governments and Federal Reser- or, uh, central banks in other countries moving away from dollars and toward gold? Uh, how, how concerned should we be about that? What does it mean?

Um, how, how concerned should people be about those statements? I mean, do, do you think they're planning to inflate the debt away? Is that what we should take away from this?

Yeah, I think the takeaway here is trying to answer a question that has no good answer, right? So when you look at $40 trillion of national debt, you look at the number one line item on our national spending more than, than, you know, Medicare, more than the military.

The number one line item is just servicing the national debt.

So when you, when you think about that, you know, if you were a family, you know, if the country was a family here in a sense, uh, if your number one line item on your family budget was just the interest on your credit card, you would probably be discussing bankruptcy, right? And so similarly, we're in, we're in the exact same position as a country where our number one line item is ju- it's not paying the debt down.

We're not talking, we're not even talking about that anymore.

In fact, we used to talk about balancing a budget.

We don't even really talk about that anymore.

But, uh, what do you make of, of these rising yields that we're seeing in the bond markets? What do you make of these governments and Federal Reser- or, uh, central banks in other countries moving away from dollars and toward gold? Uh, how, how concerned should we be about that? What does it mean?