Alex Turnbull

Now, a lot of the work I did with Employee America from 2022 has, with others, led to the creation of the SECURE Act, which has been introduced to Congress on a bipartisan basis.

And we've actually just passed a bill in Australia, the Strategic Reserve, where the government can enter into stockpiling, get plants up and running by offering them caps and floors, and essentially run a...

within a banking entity like Australia's Export Finance Agency or, for example, US Ex-Im, to put these capacities of almost a commodities trading desk to act on behalf of the state to ensure that you can ensure that supply is available in a bad state of the world and that your enemy or some event somewhere else don't blow up your economy and force your central bank into a corner.

I think of it slightly differently.

You've got totally the ideal of free trade.

Everyone's a reliable supplier.

You don't have to worry about anything, right?

Nothing ever happens.

It's a nice world, right?

And wouldn't that be nice, right?

Then you've got the full-on wartime economy paradigm.

And what these things do is they ensure you have mechanisms to ensure you can exist on a continuum there

and adjust accordingly to the state of the world.

But what's really good is if you have these tools and your enemy knows that you cannot be hurt severely by their ability to withdraw supply or block trade or block a straight or launch a thousand drones at you, then they're not going to do it because it won't work.

So

You want these things not just because it actually provides you security, but because it also changes the behavior of people who might try to leverage these opportunities.

Certainly.

So first of all, making chips is incredibly complicated.

There is a very long list of materials that go into them.

one thing that is very important is helium, um, which is used mostly as a conductive gas.