David Friedberg

And I think it's important for us 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 assets.

As the dollar devalues and everything inflates in value, our asset prices go up and we get wealthier and wealthier and wealthier.

The majority of Americans do not own assets.

They are net asset negative.

As a result, they live off of income.

and they do not benefit from the de-dollarization like asset holders do.

And this is what is ultimately fueling populism in the United States.

And the populism in the United States is what is driving socialism, and the response to those behaviors is what Donald Trump elected, to some degree, and the response to

The Donald Trump actions is what's driving the civil unrest in Minnesota and other places.

And I fundamentally believe that much of the unrest, the civil unrest, and ultimately this divide in this country is driven by the fact that de-dollarization because of excess government spending ultimately leads a majority of people in this country to feeling oppressed and left behind because they're seeing a few people in the country accelerate their net worth

like all of us here.

And there's no way for them to catch up because they don't actually own assets.

So I'll be honest with you guys and make a confession.

I was at the gym this morning on the treadmill.

Yeah.

And while I was there, I was actually thinking about the wealth tax stuff that's going on in California.

And I wonder if it may be an inevitability in order to keep the United States from going into civil war.

I mean that very wholeheartedly.

I just don't know if there's a way of solving this fiscal problem without a functional redistribution of wealth.