"We are at that critical point where the central bank cannot raise rates. They were able to raise rates in 2022, number one because rates were very low, which meant interest payments at the government level were very low, too. Interest payments on government debt in the US are now double the size. We're over a trillion dollars in in interest payments a year, bigger than the defense cost each year."

… And I just wrote a paper today uh on running it hot into scarcity. And that's what people have to understand. I don't think the Fed is going to be able to raise rates because we have a completely different scenario than when rates went up. And this is the point with Bitcoin that everyone should believe in. We are at that critical point where the central bank cannot raise rates. They were able to raise rates in 2022, number one because rates were very low, which meant interest payments at the government level were very low, too. Interest payments on government debt in the US are now double the size. We're over a trillion dollars in in interest payments a year, bigger than the defense cost each year. And I think everyone has realized that, but that means that as we are running this economy hot, as we're seeing shortages and bottlenecks across so many interest in places and not stopping, we're going to have a new Fed chair who's got a polarized Fed who doesn't agree on anything. Something we should be raising rates, something something we shoul …

---