Ed

So we can't turn to markets to solve these kind of political and moral dilemmas for us.

But so that's the thought number one.

The contradictory thought is this, where we see markets flourish,

in history where, where markets are places where people can make good money over a long time and retire and be happy and compound wealth and all that.

Those almost one-to-one turn out to be places that have rule of law.

You can't over time, make money in the Russian stock market.

You haven't, you haven't consistently made money over time in the Chinese stock market.

And importantly, in the case of China, you haven't made good money there, despite the fact that the economy has grown leaps and bounds, right?

So investors didn't grow with the economy in China, a place where rule of law is an open question.

So if you think we're heading in a direction where the rule of law doesn't apply,

where the imperial attitude extends not only to other countries but to our own citizens then you might see markets in the long run have a problem but they're not discounting that right now that's for sure hundred percent just to go look at what's actually happening in the markets right now um because it's i mean it's it's true we we

Yeah, and now it's possibly obsolete, as my friends on the internet like to remind me.

You know, at least in the geopolitical realm, it doesn't look like a taco world anymore.

Exactly.

Exactly.

The most interesting one is,

is that Chevron doesn't really care.

Chevron, the only American oil company operating in Venezuela, is back to where it started on Thursday.

People are like, oh, this is exciting.

And then you look at the, you know, we don't have to go into this, but the actual dynamics of oil extraction in Venezuela.