How America’s Debt Will Lead to Hyperinflation...
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The U. S. Government is going to have to pick between inflation and deflation in order to deal with the debt crisis. And it's going to pick hyper inflation.

You think so well, I don't know. Like it's interesting like because very well, those aren't the only two things, deflation or hyper inflation, right? So things can be a deflationary as they are.

So I think about what's deflationary? A new car computer, right? There's all kinds of things that are deflationary. So you can have, I think, George gabon n give me the best example. He said, you think of a hot air balloon that's going up, that's inflation, and then you have a hole in IT that deflation. So doesn't you can't doesn't have to be just one thing that makes sense.

So what do you think would hyper and play IT? Well, I think .

we're going to have what I would consider to be long term elevated inflation OK. So right, but let's talk about what hyper inflation is OK. okay.

So hyperinflation, the the actual technical term is fifty per fifty percent a month like and is that what what is, Jerry? So yeah, if fifty percent a month, it's it's fifty percent inflation of month. That's hyper inflation.

Now that's ebba, uga, slovo of venezuela, a argentina, brazil, nick, agua perou, lebanon. Like those are just some of the ones in the last fifty years, dave, experience hyperinflation. So do I think the us.

Is gone to experience that? I do, not least in the short term, could they? Yes, but I think that we're in for a period of elevated inflation.

But if IT gets away from them, I could definitely help inflate because no country ever hyperinflation coming IT. Just something happens. And IT.

well, right, because I did research on this, and I love this one quote, no economy can overcome math. I love that, right? Because one of the things that I looked that, and where is IT? Oh, guess how much? This is crazy.

Guess what, the monetary expansion for the U. S. Dollar has been since eighty seven.

One anybody type IT in. What do you think the monetary expansion percentage has been for the U. S. dollar?

You're going have to tell everyone. No one's going to know that .

eight thousand, two hundred and fifty percent, that's a fact. So that's actually what we're talking about here. You know the expansion printing in all of those cases, you know, if you go back and look at like like why are germany and you know hungry in mexico at say, and mexico is a little different, but they devalue the pay.

So I remember that action in in eighty three and then n ft of course, ninety four. That's interesting. That is the north amErica free trade agreement.

But um know you start to look at what what happens during this period time, and I think that's actually what I really want to discuss. I know you do to if we're in a period of high inflation or a period of hyperinflation, what can we do? Well.

before I read that, we need to break this down more for people. Sure, just jumping ahead. My goals.

I ve IT so anyways sTerry.

can you bring up the deck clock for the right now we are thirty six trillion dollars.

if you, and it's like rising .

by the second.

But I think the biggest thing is that this used to be a major talking point, you know balancing the budget Jerry can pull IT down was a major talking point for the candidates for the election, right? Neither Harris nor trump was talking about baLanced rate because they can't be baLance, right? So you know under different estimates, you know vice president herr's was going to increase ah the but federal spending for four trillion through twenty thirty five and president trump IT was like five trillion.

And in granted now some of these policies were to then hopefully stimulate more economic growth. But obama added to the national dead. Trump added historically the most of the national debt and then bite and added more than trump s. So every year they're adding more and more national debt, right? And jar, if you could bring up the first chart, the growing national debt .

love that day clock.

So if you are looking at this, let me look we have look, now it's even more than IT is on that .

running that clock, Jerry, that's insane. Yeah look. So guys like doesn't matter like hopefully you guys aren't getting ultra political here because let's just this is a shot of the past. There's red, there's blue.

All part of this, all right, so and we can point fingers and all that stuff, but the end of the day, the the U S OS things we o um printin lets we we spend a lot of money during the pandemic, right? Rightly right wrong. But we did.

And then now our funding wars, and there's all kinds of things. And as you start to take a look at where we're heading, moving forward, you have to consider this. You have to consider the fact that we owe as as amErica ages, we owe, we owe money for medicare, we medicate, we own money for so security know these are things that we oh um in addition to that, don't forget about infrastructure, right?

Don't forget about the spending and all these other things, just like you guys have A A budget for the way you live your life, for your business, for your whole. The U. S. Has a budget and well, and there's lots of light times on there.

Well, I think the biggest thing, and this is gonna e and to what we're saying. So you have to think about all this. So the biggest income generator for the government is individual tax.

That is that individual tax is very important for the government. Right now. We've will .

collect this year .

about five trillion dollars in individual taxes going to pop .

that chart. The Jerry had up the one that you may, Jerry, sure, right there.

But we have spent seven trillion.

Okay, on the left.

yeah. So we have collected five, spent seven. So just right now, as IT is right now, we're losing two trillion dollars a year. And the things that we're spending money on, we can't really cut you.

The problem is we can't really cut the budget like its social security, it's medicare, medicate, it's interest on our debt, its national defense. And you know these other things are just smaller things, but we can't really cut any of this stuff like it's not like where needlessly spending like people live off of this money. So how are we ever going to baLance the budget in?

The truth is, is we're just we're just going to keep printing money to pay for the budget because cans point, you know, he had asked me, do we actually really pay our debts? And we do we print money to pay our debts. So we're printing all this additional money to pay this negative baLance.

Let's keep the I think it's important when people underside like, let's bring this down to your own situation. You know if if you just drop a couple zeros, right and and you made forty nine thousand, two hundred dollars, let's say on the left, total receipts and you are spending sixty seven thousand, that's that's that's how you look at, right? You know you know what you're making on income is not covering expense.

And so this is what Daniel saying at the very minimum. Now this does not include a lot of stuff, and that's why the deck light was important. You're at two trillion.

So let's be the devil s advocate here. You know, hear a lot about taxing billionaire. Know, let's tax billionaire. So Jerry, can you play that youtube video?

And lot of people say taxing billionaire can solve our problems. Would that really work? Seizing every home. Yet business and investment from amErica has eight hundred billionaires would fund to the federal government for just to nine months, and then the money would be gone.

So what your four o 1k given that most of this wealth would be saved from the stock market， causing the S N P. Five hundred to creator, there are simply arts enough millionaire, billionaire and undertake xt corporations to close social security and medicare. Projected one hundred and twenty four trillion dollar cash shortfall over three to understand that one hundred twenty four trillion is over three decades of what we were showing you with one year.

right? And but i'm just saying so like everyone always goes to tax in the billionaires because that's an easy thing for politicians to say. We just need to taxi bill as we need to tex co Operation.

But the truth is, is like, okay, we don't we tax the billion aire. How much does that really actually help us? Because we're too trillion in a year negative.

And it's not just two trillion IT grows every single year. So it's not like, okay, we're just too trillion forever like no where if this is exponential IT build on top of each other. And so as we increase spending, we're going to increase two trillion to even more every single year.

And that's how you're starting to get this run away. inflation. And the only way to fix this problem is to cut, right, like cutting social security, cutting medicare, having a recession, everything else.

But we go back to if we started, if we have a cradle in the economy, then the federal government doesn't get those income taxes if people aren't working. So that puts us more to deficit. So you have to kind of look at that is like, you know, we need we can afford for the S P. Five hundred to crash because a lot of our tax comes from the money people are making.

That would be a disaster guy. Everything is going to be inflated back to kind of the original point was which way will I go? Things can be deflationary, pen fed, free checking offer zero fees and zero baLances requirements for zero hassle pfd access amErica checking lets you earn money on your bounds for dreams big and small, choose the best account for you and start making the most of your money.

Learn more at pen fed out of work. Federally insured by N, C, U, way to receive any advertised product, you must become a member of ten fed pretty on. So housing Prices can come down in an inflationary economy.

You know that can happen but you can you can hang your whole hard on IT you know and and on the billion r sea that's you know that's that's a political hapoel to that I think they use um and IT resonates with the middle class. I completely get IT. But you know what is going to be interesting to see what trump does with that because think about where think about where all of the billion's are.

They are on the costs and the coast of products. Ally blue, right? They are like seattle will jup up her organ out of california but certainly new york.

So um you know i'm not saying that the billionaire are blue, but i'm saying the states are. So you know that's going to be interesting to see. I would imagine there's going to be some taxing.

You have to you know there be things all over the place. He also said that he was going to try to cut out of the government spending side. That's another obviously low hanging fruit. But again, to your point, uh, we just need to get to that point where where the revenue is paying for the expense.

But we're not going, I know, and that's thing in jeff on here so we can cut some but still grow and we can. But no politicians talking about cutting, not one. They're not talking about cutting spending.

That's not a talking point for either side right now because we can't really afford you know think about just even the households, right, like everybody's pinch rate now by I mean really pinched working two, three jobs. Can they afford can we afford to go through a recession? Can we afford to have people losing their jobs? No, because we can't afford that as a county. And then the government can afford that either because IT needs the tax from people working.

right? It's true, right? And so that's that's why I still believe that we're going to see this extended long term elevated inflation. I think that we can I mean, IT would be an administrative nightmare to have either deflation, which would be probably the nuclear bomb, or elevated inflation. And they're going to continue to regulate IT with interest strates and the ways they have done that.

I think it's interesting. You know you had hit on that zimbabwe hit hyper inflation in two thousand eight. Germane had IT after the war.

But right now there are fifteen countries experiencing hybrid inflation yeah at this time. So everyone, I thinks that it's like this thing that won't happen. You know I mean, you're like a whatever hyper inflation that won't happen. And the truth is is is having a lot of different country. So whether we have hyper inflation or just mass inflation over the next few years, the strategy doesn't change.

So I thought my what might be interesting is pulling up on youtube people from argentina, because theyve been hitting hyper inflation for a while now, and I wanted to see what they're doing in their country to maintain wealth. First thing is, don't worry you, ina, what's not very h we have very, very worst. And we survive very advice. Second advice, perhaps by things .

we made IT was true. We thought that is a test for them.

And then.

Don't don't leave your money resting under the coach, because useless.

for my point of view, is to buy things. Actually, a house is my house for road.

Take advantage of favorite ity. Give me mind that you have to be like really aggressive. We were in these because inflation makes market moved IT really, really fast.

And all the time what I see that is too high. So where you gonna find very entry points, guy, just bode well for I. But it's .

interesting, right? These are real people with real experiences with massive inflation. So what points do we pull from that?

Yeah well there's a few things that that I I pull. Number one is currency um is worthless, right? And I was certainly was that case about what what actually does rise or in kind of asset.

So in other words, a couch is more important than the cash. It's interesting right now because the account like guess cash is worthless. So he said, you know but the other thing is um you things things things that move with inflation, things get more expensive with inflation.

The one thing I loved obviously, when the woman was talking about rentals and yeah at real state, of course, that's where weeks IT. But what I really want you to understand is when in parts of high inflation, what happens to death? So this is a really, really you going to wrap your head around this.

So let's say you have a five hundred thousand our home and you have four hundred thousand hours in debt. You have hundred thousand and equity during inflation. And that house, lets say, goes up to six hundred, seven hundred hundred.

You still have four hundred thousand and debt on hyper inflation. You still have four hundred thousand and debt. So your debt becomes easier to pay off with inflated dollars.

That's what hyperinflation does. So that's why, because the country is getting in debt, you, anna, be in debt, oddly enough, fixed debt, by the way, fixed debt. But how will so correct .

and those payments becoming easier? Because obviously you're going to make more money at work. And we just saw this in the last four years, right? Like everyone got reasons that work, but certain people are still more pinched. But we are the people that are more pinch, the people that are renting, people that are owning, they got to raise their mortgage, stays the same. They have all this extra money and and that's because they owe this asset with fixed on IT.

But what about those people that can afford to buy home, right? Because we don't want to exclude them because there's a lot of people right now, like if I can afford to buy home, this is pointless to me. But I liked with the last guy said and he was mentioning market validity and that can be crypto, that can be the stock market, that can be anything as all people don't want to hold on to cash during times of high inflation.

The wealthy people don't want to hang on to cash because like that guy said, it's losing money underneath your coach like every day that loses value. So they're investing in. So where are they investing in? They are investing in, in the real estate stack market, in the crop to market and gold in those kind of things.

So even if he feels high, if you jump in, he would he was saying, why don't be afraid of the volatility you have to get in. You can't just hold your cash. You have to invest in and you have to take that risk because these markets are going to keep going up, up and up because the wealthy are investing their money.

Everyone's investing, nobody's holding money. And and right now, that's hard for us to understand because we have us dollars. But if we keep having, whether it's hyperinflation or massive inflation over the next you know ten years, your money that you're saving isn't worth anything.

The other thing is you guys, I would encourage you to jump over to George gams channel and take a look at. He actually took gold, silver human josh, gold, silver bitcoin and some american dollars, and they drove through argentina. It's fascinating videos.

Just take a look. And here's what they found. They found that nobody wanted gold, nobody took IT, nobody took bitcoin in, in fact, he said, all the bitcoin cafes that they thought that they were, there were, there was all fabricated.

There weren't a lot of people that they were taking bit point at least. But everybody wanted U. S. dollars. I said what kind goes not twenty is not fifty, only hundreds.

But that's because the us. Dollar still a reserve currency and it's still bit that's gonna change as we inflated away like .

that's not going to be the same. And the point is I think that's what's interesting is one of the things that another country can do as they can get out of their dollars into another currency. And that's actually what they are doing.

And that's what many act decided. They decided just because someone doesn't take bitt coin doesn't make IT worthless because you converted .

to dollar that are. So think I would do want to point out there's another phenomenon and gone on if you guys think about this, you guys all love amazon just as much as we love amazon. okay?

There's an overwhelming majority of things that get made out of asia, china, out of the country on amazon. So we technically are exporting inflation to other countries by paying for those goods and services out of U. S.

dollars. So a lot of the us. Dollars that we're printing actually are getting exported to other countries. And I haven actually taken this all the way down.

But it's interesting that a lot of the other countries right now are experience in this high inflation because you we're not the only one but we are a massive large world consumer of goods and the world is um you know providing us for those we pay for those in U S. dollars. And so as we also print IT affects who has ever holding those dollars in those?

Are the countries kind of see your point about what you said. So the question is, is you which currency is deflating faster? Is IT is is are devaluing faster than argentation answers no.

So they jump in to the U S. Currency also. You can spend U S. Currency in all kinds of places. Um IT doesn't solve for the fact that where we're headed.

you know IT does an injury if you can pull up their government sites um on the budget and this is from you know this website but also the other one, not this jar, the a article.

the budget but it's interesting .

because these things are coming straight from the government so this is uh from the government site IT says budget deficits that grow faster than the economy ultimately become unsustainable is the government attempts to finance its interest payments by issuing more dead, which is what we're doing. The rise and deficit accelerate.

That intern leads to a vicious cycle on which the government issues ever larger amounts of debt in order to pay ever higher interest charges. In the end, the cost of service, the debt outstrips the economic resources available for financing those expenditures. And that's when you start to have hybrid inflation. So so here he says taxes must be raised or spending must be reduced or both because this was from fifteen years ago when they were trying to baLance the budget. But now that there seemed to be A A priority.

right? And if you know, how do you get around this guy? So how does the common person look for a store of value? Because that's actually what we're looking for.

What's the store value? His money is store values? His savings? A store value? arguably? No, not. If we just take a look at, if you had ten grand in your bank two years ago, does IT buy you the same goods and services today period and if the answers no, that's not a good store value. So what is a good store value um and I would say anything that's not perishable um other currency, gold, silver of course but you know this is precisely why bitcoin um and I there's a debate on I know the bitcoins, there's a debate on whether or not is a store value or not. Bit point you know when i'm going to go down that road today, but you have to wonder why is bit going on a run right now because people are concerned about being in cash and that valid?

Well, I also think it's on a run because anybody can get into IT because, like a lot of people on the same thing, I D buy house gold, coby, a little, but a bit coin, right? And so you can buy twenty dollars bitcoin, know. So I think that's partially why it's on a run is because people can .

invest in any go back to that. Let's let's go. I'd love to see that year to date leaving that started under fifty.

Well, I was at seventy four less other day. So the type.

clearly, if you've been in big one, you've ve done really well. And you gotta wonder why I think people starting to wake up to inflation and the cash they have as buying less. The race that they got is uncovering what they need.

Expenses are going up. I know denials like i've told the story before, but the new choice pretend like that he is such a great shopper in the grocery story time, but he has the same fifteen things every time. And so it's pretty easy to see that your grocery builds double.

Yeah, grocery are grown up. Everything is going up. I mean, I don't think it's just grocery is just everything and everyone is very squeeze. I'm in a lot of forums and people know that they are squeeze.

And what we're trying to do is teach you guys how do you know, baby, in a Better position five years from now than the average american. And that's going to be with not saving your money, unfortunately. Like know you need to invested in something, whether it's real est, whether it's gold, whether it's crypto, whether it's you know anything, a small business like just holding on your money.

You heard those people in argentina. Like you don't do that and don't be like the last to know. You know, they all understand this now because theyve been dealing with hyper inflation for so long. But don't be the last to know. Don't be the last to get there.

Get there now because, you know, if there is a great melt up and everything is starting to increase in Price because the wealth they need to put their money somewhere, then of course, home Prices are going to encourage. Of course, good's is going to increase. Of course, script is gona increase.

Of course, the S M, P, five hundred is going to go up. Don't be the last note because you're sitting here right now waiting for some crash and all the signs aren't pointing to a crash because the wealthy need to store their money. And the only way they can do that is by investing in all this stuff, right? So don't be sitting there.

The last to know, I don't want to buy a house ata. I don't want to invest in bitcoin yet. I don't want to do that in p five hundred right now because that all seems really high because we're telling you that just not the the realization of this market with this high inflation.

Now if you guys are sitting in cash, you're falling behind. Let me say that again, if you're sitting and cash you're falling behind, period, okay? Because even the fed on their own website says that they are target two percent.

Now they're saying it's in the trees, but who knows? But let's just luck. Like at the house I were in right now, we built fifteen years ago, we built IT, right? And I built IT with a construction load, and i've limit at the whole time.

And guess what, the house is with a lot more, and the debt I basically paid IT off. But IT was a long time ago, fifteen years ago, magine. What was now the house did go up and down in Price just like yours, just like a lot of people.

But a lot of people think real state investing is really, really difficult. Just let the economy do its thing, you know. And and when there's a lot of people we've done really, really well based on inflation, when has done a real state, it's luck.

It's timing. Now you can certainly purchase incorrectly as well. And that's the whole point of this channel is to make sure that you guys are cash flowing.

But I bought stuff that's gone down in value. In fact, I built a house in two thousand and and eight, two thousand and nine, right? Run the crash time.

I was already under construction that I want to crash. No, but that happened right in the middle. And my house value went down, but he was my house.

So I just lived in IT for a long time. And at some point IT broke. Given I don't I know what, know more back to what I thought was going to be.

Now it's way above. And the result is not because I was so damn smart about my own primary residents. It's because of inflation and .

pillars that I knew to. Money needs to keep moving. It's a cycle, and so put your money in a good cycle.

In all the years i've been coming to one of cities, the biggest change is always the money in two thousand and five, my rent was three hundred and sixty pesos. In twenty twenty two, I could buy a coffee for three hundred and sixty cases. Now in twenty twenty four, a cup of coffee costs thousand six hundred paces.

So I thought that that was pretty pivotal, right? So like and I know they have hyper inflation and whether you think we're gonna a hyper inflation or were just going to get massive inflation either way, a cup of coffee equal to rent within like ten years. And then now a cup of coffee is like a hundred times what went what? So the point is, is that if you are investing now and you have a mortgage and it's three thousand dollars, right? And you're like that a lot of money is IT gonna.

A lot of money in ten years. I think I did the day empty advice. You just cut out that cup of coffee and you be five.

So this is first site that the take guy is like. You have to just take a look at the expenses the government has in fun of them. okay? Yes, i'll be taxes.

And yes, it'll be all kinds of things and they are gone after us for property taxes and spiral tacks and corporate tacks and all that kind of that is one piece of the revenue. Of course, that's always going to be up for grabs. But the expenses, you know, the fixed incomes of lot of people.

I was bringing up my mom, but my mom I said to nail this when my mom fell and covered and got hurt and had an hait Operation so we put her into an assistive care facility because he need twenty four seven care and um as SHE SHE now loves IT but the point is we read at her house and at the time her house covered her expenses, so which was cool. The house that I grew up and he still has the rent, covered her monthly. So SHE was happy net net. Now it's a thousand underwater a month because their .

costs have got up at the facility.

right? So now the rent doesn't cover the expenses. So IT started to make its way into the labor costs, the food costs and utilities and all the things where she's staying now.

Um she's obviously gonna fine, you know the families taking care of her. But the point is those are real things and that's what people started to recognize. And that's why I think that's why people are starting to to blow up gold.

Gold is what was at last it's like is IT twenty seven hundred substance like that? Um you know and that's that's really, really high silver in the thirties. Now bitcoins going crazy. And as a result of this money printing machine that we've got.

when I do think that is interesting, star passages said that he here, he lived in romania and the nineties and went through hyperinflation. And bread was one run, which I guess is there are currency. And then within seven years, IT was ten thousand run.

So even if we don't have like the math like that with hyper inflation, right, but say we just have a tender that say I was one run and then I went to a thousand run, like a one hundred run like that, like a big difference and the rent is going to do the same thing like I didn't ask them, but i'm sure the rent went up as well massively. And so if you own assets and houses and things and items that inflations like going to affect you because as much, because that two hundred thousand dollar house, or four hundred thousand dollars you bought is now eight hundred thousand dollars, right? Verses, if you just had this money in the bank and you just put IT in the savings and you just watch to the window away. So I guess the whole point of today is for you to understand that if you were waiting for the market to crash and sitting on a bunch of money, then that's not a good strategy right now because we are having inflation in every day. That money you're sitting on is worth less and less.

Yeah, this google, this guys, the same thing we did get in. Prepare for this. If there's high inflation, what should I invest in period? And there is going to be multiple examples on the internet, but there's always the call for five always, right? And and do that because we just want you on the right side. If you're sitting in cash, you're gonna in big trouble.

Yeah and it's definitely not a political issue and don't make IT one because IT doesn't matter if it's under trump or IT was under Harris or .

it's under whoever runs .

into they're going to spend and it's a vicious cycle we're having in not sure different administrations have with the handling IT, but it's still going to be an issue and this a advice is still going to be relevant. So anyways, I let's help into our questions for the week, right? So our first question comes from area. He said, what is the big thing that makes a difference between a deal that works and one that does not?

So many things, cost of capital, so number you know think of the interest strates, right? So lot of the people that are going down right now um had a lot of floating debt. Uh, so the cost the finance costs are O P M or other people's money for sure.

Everything is cash flow. So what you always want is fixed rate with cash flow because then IT doesn't matter. It's I like my my home I just talked about um you know when I I built IT, so I got a construction loan to build IT and I knew what my monthly payment was the whole time.

Now the value went up down. I didn't matter because I was good with the months of payment so that that is for sure um on the value at side, that's what really starts good, exciting. So perhaps you're buying a business and you put in Better systems, Better sales programs um or their chances to merge and roll up and stuff like that.

So little more complicated, but i'm not afraid of buying something that broken. In fact, i've done probably my best work when I find something is broken. Whether that's a business or real state, what does that mean? That means it's lender owned or really poorly managed or heavy vacation or lot of expenses or whatever whatever IT is. Um you know and and I think so you want to find that, but you have to have the technical skills to pull out off for the team um and then you can create when I call for equity.

So you know not all deals are the same, but very rarely again, what I was tell people is no matter what deal you have um there is always somebody with a Better plan than than you so that I always say what I I I look at the deal and I passed and then somebody buys IT and then they do something that I never thought of and I I just look at my partner, ross, I go they had a Better plan. So it's always the plan. You see the deal before you buy IT. So next question .

in those listening on youtube, make sure you ask some questions. I'll try to get to one or two of them. Uh, meaner is asking, can we have inflation and rents .

still go down? Yeah course yeah. You bet it's actually happening right now. So the reason rents are going down our flat and i'm talking generally OK, i'm talking about the united states.

So there's the last thing I looked at there was like ninety metropolitans OK. So so when you look at photo x, there's fifty sub markets underneath. Some are doing well, some are not doing well, some were overbuilt, some are not overbuilt.

So you know, so this is a big, big general overview, but reds generally are flat right now. So everyone agrees with that and just go typed that in national to housing council, national park association, real ter zero. They would also say reta flat or doubt now maybe not in your market, but the fact is and the reason is, is a supply problem.

So and it's temporary and we could keep talking about this. There's anything that's being delivered today. And twenty four started in twenty one, twenty two period, right? And so this all the supplies hitting, we like to call the the pig through the python, right? Like this is moving through the python and eventually IT all get absorbed.

And it's it's it's going to um it's going to do that. At the same token, we also have had inflation. So inflation is a little bit different, obviously. So so yes, you can have rents go down while there's inflation for sure.

Yeah, absolutely. And so this is an interesting carbon I want to address from youtube. Johnson says hyper inflation is not possible with the U. S. D.

reserve. Yeah, a lot of people say that yeah, you might not be wrong. That's why that's exactly why I said I think this could be A A long term elevated inflation number is opposed to hyper.

We always have that um we are that the world's reserve currency and um we have the sexual make and you know and a lot of our dollars get exported and that's gonna change under trump so you know right? So um the least you know going back to other four year term. So we'll see will see where that goes. The the the world is not happy with the what we're doing with the us. Doll that yeah the world do .

I happy were inflating. And does that mean we lose and that goes to bricks? Probably not right now. I am not in the near future.

But you know, if we're inflated dollars and people are the reason people in argentina want us dollars is because the currency is not inflated as fast as their currency, right? But there are in hybrid inflation, the rest of the world, that holding U. S.

Dollars because there was a safe spot is not going to be happy if there are dollars that their holding are losing value. So what does that mean? What is on president? We don't know.

That's what George game calls a euro dollar market, which is it's not measured how many dollars are actually outside the U. S. A lot, right? And that's I don't have the technical knowledges above my pay grade, but I do know it's a lot like you think about how many dollars we pay out outside the united is a lot. Yeah, absolutely.

Are you guys? Thanks for joining in, and we'll see you next week.

See you guys.