I think the first thing is the debt issue.

We have a very severe supply demand problem.

So we think there's debt and some people think,

oh, we'll handle it because we've handled it so far.

I don't think they understand the mechanics of debt.

By the way, I've written the draft of a book that anybody can see on social media on particularly

LinkedIn that goes through the mechanics of the debt.

But there's a supply-demand problem so that they have to sell a quantity of debt that

the world is not going to want to buy. And that's a set of debt that the world is not going to want to buy.

And that's a set of circumstances that is imminent.

Okay, that's that's paramount importance.

Then we're going to have to deal that the deficit must go from what will be projected now

to be about 7.2% of GDP to about 3% of GDP. Otherwise, there will be a

supply demand problem. Okay, that's a big deal. You are going to see shocking developments

in terms of how that's going to be dealt with. Things that may not have happened in our lifetimes,

but things that have happened throughout history.

So that's an immediate consideration of the interest rate.

What do you mean?

Austerity like that?

There are many, what do you do when you don't have an adequate supply demand balance?

There may be restructurings of debt.

There may be exerting pressures on countries to own the debt, to buy the debt, political pressures on countries.

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