Steve Saretsky

Yeah, you probably won't have it in this.

No.

Thank you.

And also the currency world.

We got to talk about Turkey in a few moments here.

There's one more thing, though.

By the way, we had a really nice email from a listener a couple of days ago when we were finally able to solve our –

email challenge i think oh yeah yeah we were like man we haven't had a fan mail in like three weeks what's going on here and all of a sudden boom they all came in uh but one one uh one person emailed asked to talk a little bit more about keynesian economic theory so we are not going to give rich 35 minutes to do that

But just a real quick, you know, 30 seconds on this view.

That was the economic theory and policy that was adopted in Bretton Woods after World War II.

And it was effective in a number of different ways, but it's now run its course because we went to zero negative rates.

And governments over the years, if generations of governments have, they simply accepted and adopted a spending or a budget policy or belief that they don't have to control spending.

So Keynesian economic theory, it worked when it was supposed to.

It doesn't work now, which means by default, again, you got to be pragmatic with it.

Something new is going to be used.

And that will be triggered once this current system finally breaks.

You know, the last shackle is broken from it.

And that shackle is, sounds like the bond market, which is, say it.

I think I heard Rich say the bond market.

The bond market has to break.