Anthony Pompliano

And Peter did a great job of explaining the comment.

Elon Musk has done a great job.

I don't do a great job with that.

But let's just say from a market perspective, the P.E.

of the market out three years is being pushed down because of this.

Well, on the first point about trueflation, number one, the reason I seldom, if ever, reference it is

It's because it doesn't drive the market, meaning investors aren't paying attention to it.

They're not going through it.

So the first thing.

Second thing is.

And the Fed doesn't comment about it.

So monetary policy is not set off of it.

And we know the nuances between it.

So as a real-time indicator, right now, the cost of oil going higher is only seen through gas at the pump.

You're going to try to tell me that transportation, like I know transportation costs are going higher.

Of course.

I see the rates, but I also see that.

So what trufflation is real-time, that's the benefit of kind of using it.

The gas at the pump, the fertilizer, the food prices, that'll all start kicking in with a lag.

So it isn't going to tell you.