Ed

Man, it is.

And it's not getting any less foggy out there, I noticed.

Not this week.

That's right.

We have a greater vested interest in Greenland than, geographically speaking, than Denmark, the Danes have.

And so when you look at the Monroe Doctrine, when you look at the Western Hemisphere, we are the dominant predator, quite frankly, force in the Western Hemisphere.

I have two diametrically opposed thoughts about this.

Which shows you that I'm intelligent.

This is the, I guess it was the Fitzgerald quote, genius is the ability to hold contradictory thoughts in your head at the same time.

And my first thought is that people like me, and I think you too, Ed, who believe in

free markets and commerce and letting economics and markets lead how we structure our, at least the commercial part of our lives, we kind of want markets to punish all bad ideas.

Right.

We want it to be a kind of final court of justice for the world.

And I'm afraid that that is not true.

You know, what do stocks do?

They discount future cash flows of corporations.

What do bonds do?

You know, they are a bet on the solvency of a nation, you know, and that could connect to geopolitics a little more closely.

But you can have an empire that's plenty solvent.

There's been a lot of them in history where you'd want to own their bonds.