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Instead of trading it in US dollars, what if you just looked at the US stock market, the total value in ounces of
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gold? The stock market's up in dollar denominated terms. But if you look at the stock market relative to gold, it's
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actually down. In a democracy like we have for the past 250 years, without adequate constitutional constraints, it
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has always been the case that over time, government spending goes up. And this is
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because in a democracy, people ask for their government to do more every year. And as they ask for their government to
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do more every year, the government agents who are elected say, "Okay, here you go." And they spend more. And
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eventually when the borrowing capacity gets unlocked, which is what happened in the United States when we went off the
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gold standard, you borrow like crazy. You print money to fund those borrowing costs. But eventually the bill comes to
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you. And in the United States, the bill is coming to you. But I just want to tie
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it back to Minnesota, Donald Trump, and socialism. I think it's important for us
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to just highlight that if you own assets like we do, the four of us, we own stocks, we own real estate, we own other
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assets. As the dollar devalues and everything inflates in value, our asset prices go up and we get wealthier and
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wealthier and wealthier. The majority of Americans do not own assets. They are net asset negative. As a result, they
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live off of income and they do not benefit from the ddollarization like asset holders do. And I fundamentally
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believe that much of the civil unrest and ultimately this divide in this country is driven by the fact that
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ddollarization because of excess government spending ultimately leads a majority of people in this country to
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feeling oppressed and left behind because they're seeing a few people in the country accelerate their net worth
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like all of us here. And there's no way for them to catch up because they don't
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actually own assets.