It was the government that was the big buyer. Then you get everybody leveraging up. Then you've got a problem.

Do you own Bitcoin, right? Yeah, I have some, not nearly as much as gold. The AI war. It's a war that

no country can lose. If China or the U.S. really lose this war, it's more important than profits.

We're at a civil war internally, and we're at an this war. It's more important than profits. We're at a civil war internally,

and we're at an international war simultaneously. Just have people behave logically.

Maybe that's too much to ask. We hope.

I'm going all in. All right, besties. I think that was another epic discussion.

People love the interviews.

I could hear talk for hours.

Absolutely.

We crushed your questions a minute.

We are giving people ground truth data to underwrite your own opinion.

What are you going to say?

That was fun.

How is great? I'm doing all in.

Ray, good morning.

Good morning.

I'm going to start off by sharing a couple stats.

Today, the U.S. has $36.4 trillion of federal government debt and GDP of $29.1 trillion, giving a debt to GDP ratio of 125%.

And this ratio has climbed steadily since the pandemic began in 2020, when the federal government

debt was 20 trillion and GDP was just 21 trillion.

So since the pandemic, federal government debt has risen by 80% while GDPs climbed 38%.

...