it's all happening on a tick tock, lock block, bitcoin watching dan collins special. thanks for filling in for santa claus this year. i know you have to go back to the reindeer there hungry and i believe there saw my chinese food on the money this year was rude off lunch. but thanks bring i kaiser report. merry christmas. all right, that's to do for this additional kaiser report with me. max kaiser and stacy herbert again thanks for i guess dan collins until next on bio. ah, [000:00:00;00] a a technology is a very big industry and there's a lot of opportunities for hackers. it is not here, but he didn't bring the law in that country you're dealing with. why rushed him that the major cybersecurity challenge is the sovereignty of laws that cyberspace has no borders. new sovereignty, we ended up with, for example, the national health service in the u. k, the and a chest was completely wiped out from a ransomware attack. if you were coming in to a clinic because you had a test or you had an operation, they can't find your records. they had to go back to pen and paper. ah,

and when we come back by with dan collins on our kaiser christmas fandango special danco way, ah ah, working room or should in the back. she popped in. she said, well, i'm getting ready to go shopping for christmas and we, we snuck up there was a gun to buy another, shooting another safe part of american life shattered by violence. the gunman was armed with an a ar 15, semi automatic rifle. when the issue comes home, it's time to act. when we're silent on this issue, the other side wins. by default, the lady that lived over there. i was walking one of the dogs, which is what you, where again when you scale and nothing, they take it off it. i think the people need to take responsibility into their own hands and be prepared if those kinds of weapons were less available. we wouldn't have a lot of the shootings and we certainly wouldn't have the number of deaths ah, one of the major fights, chance to merge good head with president bush junior, was in 2008 this so called bucharest company. and that state the united states actually wanted for georgia and ukraine to get them a nato membersh

and when we come back by with dan collins on our kaiser christmas fan banga special danco way, ah, ah, ah, ah, ah, ah, join me every thursday on the alex simon show, but i'll be speaking to guess in the world of politics, sport, business. i'm show business, i'll see you then. ah, welcome back to very kaiser christmas with max kaiser and stacy herbert filling in for santa claus today is dan collins and were talking about geo politics and stuff like that. china and america, dan. let's discuss the consumer side of those us china relationship. you describe the united states as a warehouse economy. if the u. k was a national shopkeepers during the last days, the empire, we are now a warehouse economy. as you have stated, this kind of our characteristic now, chip manufacturers, the u. s, spent tens of billions on share buybacks are now getting handed tens of billions from a taxpayer to build foundries and the u. s. as that going to go well in china, they're kind of making fun of us because we are, we do have some boundaries on, in production, in arizona. they're building them up and they're

thanks for i guess dan collins until next on bio ah ah, working room or should she popped in? she said, well, i'm getting ready to go shopping for christmas. and we, we 2nd here was a good. you're buying another, shooting another safe part of american life. shattered by violence. the gunman was armed with an a ar 15, semi automatic rifle. when the issue comes home, it's time to act when we're aspire with on this issue. the other side wins by default, lady that lived over there. i was walking one of the dogs, which is why do you wear again when you skin doesn't take it off? i think the people need to take responsibility into their own and be prepared if those kind of weapons who are less available. we wouldn't have a lot of the shootings and we certainly wouldn't have the number to what we've got to do is identify the threats that we have. it's crazy confrontation, let it be an arms. race is often very dramatic, development only personally and getting to resist. i don't see how that strategy will be successfully, very difficult time. time to sit down and talk. oh oh, you came k

and when we come back by with dan collins on our kaiser christmas fandango special danco way, ah ah aah! working hammer surgeon. she popped in. she said, well, i'm getting ready to go. shopping for christmas and we, we snuck up there was a good bye to another, shooting another safe part of american life. shattered by violence. the gunman was armed with an e r 15 semi automatic rifle. when the issue comes home, it's time to act. when we're filing on this issue, the other side wins. by default, the lady that lived over there. i was walking one of the dogs, which is why do you wear again? were you scared and nothing? they took it off of me, i think the people need to take responsibility in their own hands and be prepared if those kind of weapons were less available. we wouldn't have a lot of the shootings that we certainly wouldn't have. the number address with the school was the children did wanna deal with each one is a small window. let's use a curriculum. well that's the keenest eyeball with water with junior was, wasn't it that the appointment was for that? if you can squeeze you mach

thanks for i guess dan collins until next on bio. ah ah ah ah ah ah, in a oh became kind of a test bed for medical and then later recreational marijuana and it started with something. so in a saying, i was wanting to socialize, everybody does it? so i cannot, and then it just keeps going and going and going. i'm just gonna do it one. yeah. and then it's, oh, i'm just going to try this was never do it again. cuz the one wife was on it all right on inside. okay. and you surround yourself with people who are encouraging you to do it not to stop or it felt like my life was over, jumped office at all balcony and died. me, she knew you just couldn't stop i agree with the u. s. co but respond pit you wrote blog testing capacity runs out with the de infection rate. surging doesn't unfold in some states. we have a surge when we do need more testing centers. i mean, look at these lines. that is all horrible. honestly. you know, most of our friends have to wait on line for hours and hours to get her food. i've had to wait, i'm blind for hours t

the cost of feeding the reindeer, skyrocketing down through the chimney, it's a living room pops dan collins to explain all this to us. dan, welcome to our kaiser christmas show. mary. great news. everybody. welcome to so think of visionaries, me filthy shevardnadze and art assigns and meanings of spiritual expression. music is all of the things. so how do mere vibrations of they are become such a powerful medium for us? well, we talk about the neuroscience of music with elizabeth margulies had of the music cognition laugh at christian university.

cost of feeding the rain there, skyrocketing down through the chimney into the living room, pops dan collins to explain all this to us. dan, welcome to our kaiser christmas show. merry christmas everybody, me me. i can get all you know, go with forgotten, which one you might just send us, which i meant to ask if the because i never had the cup. i'd be at the group off duty. i see that's what they've done and it's ok. gotcha. and the gigabyte, but also not going to be new. that's it this year. but i just from the get the good news is that the letter that the dodger was done, the liberal wasn't what he does, which i that the machine you combine, it does not just them. the station manager speaker serves woman that have been as i'd say. yeah, near graduates assume yearbook or not just a boy. next door. you open it from the good. it's easier than the thumb of what store you go for washer. was due yesterday or one of those, but the is there been that says a place you are a nice that was discovered that always did the said on the go to this will be a short list and you put up but i get off campus t

the cost of feeding the reindeer, skyrocketing down there to terminate in to the living room pops dan collins to explain all this to us. dan, welcome to our kaiser. christmas show. merry christmas everybody. mm oh, you can have a test bed for medical and then later recreational marijuana and it started with something. so in a saying, i was wanting to socialize, everybody does it? so why can't i and then it just keeps going and going and going. i'm just going to do it one. yeah. and then it's, i'm just going to try this. one said never do it again because they want my phone was in the morning. i'm right on inside. ok. and you surround yourself with people who are encouraging you to do it and you not to stop or it's all like my life was over, jumped officers all balcony and died. mm you the just for is your media reflection of reality in the world transformed? what will make you feel safer? isolation, whole community. are you going the right way? or are you being that some with direct? what is true? what is great? in the world corrupted, you need to descend ah, to join us in the depths or remai

the cost of feeding the reindeer, skyrocketing down there to terminate into the living room pops dan collins. to explain all this to us. dan, welcome to our kaiser christmas show. merry christmas, everybody was diagnosed with cancer in 2009. when the doctors told me the cancer was incurable. i knew i had to make a change. so i decided to travel to one of the most toxic places in america. florida . one of florida is biggest industries and best kept secrets is fostering one. the biggest layer is $85000000000.00 industry. is mosaic, and i, there are reports of millions of gallons of contaminated water now flowing into the florida aquifer may pro, there's a chronic. oh, well, you know, i don't love to hear that word polish thing, but that's what it is. i'm in 2013 my uncle, our family dog. my brother was 21 years old, myself and my father were all a 100. wow. yeah. hold on. i'm a good plan, right? yeah. maybe they'll actually learn more help is more important than with . welcome back. across stock were all things are considered. i'm peter developed from algebra, discussing the public mood. the o

the reindeer, skyrocketing down there to terminate into the living room potsdam, collins to explain all this to us. dan, welcome to our kaiser. christmas show. merry christmas everybody. mm ah, working room or should i was getting ready to go shopping for christmas. and we, we say it was a good to buy another shooting another safe part of american life shattered by violence. the gunman was armed with an a ar 15, semi automatic rifle. when the issue comes home, it's time to act when we're aspire on this issue, the other side wins by default, lady that lived over there. i was walking one of the dogs, which is why do you wear again? were you scared me? doesn't i take it off it. i think the people need to take responsibility in their own and be prepared if those kinds of weapons were less available. we wouldn't have a lot of the shootings that we certainly wouldn't have the number address with voice with. so there's a line to go with a similar with what i wanted to stay abreast. daniela's wish you could give my own language. i think with just for is the way that the youngest, who i should learn invested al

reindeer, skyrocketing down through to terminate into the living room, pop stand, collins, to explain all this to us. dan, welcome to our kaiser christmas show. merry christmas. everybody with huge cues, a dwindling us testing centers is on the chrome sweeps across the nation with the daily infection rate increase in 7 fold. in some states, we have a surge when we do need more testing centers. i mean look at these lines that are horrible. on it for you know, most of my friends have to wait on line for hours and hours to get her food. i've had to wait, i'm blind for hours to get touch with millions of people across the world place travel cale. this person has a huge cove. it's good. see that line counseling flight leaving people stranded that we have a must take the swipe and cnn saying he's not perverted enough to appear on the channel which has been hit by with sexual scandal. we speak with the award winning serbian phil make america storage about media freedom and germany's decision to block off the channel tv. you suffer because you don't polish reality. those who wouldn't you shut down? those will kn

reindeer, skyrocketing down there to terminate into the living room, pop stand, collins, to explain all this to us. and dan, welcome to our kaiser christmas show, merry christmas everybody mm. with i'm african return senior watching a special christmas day edition of going underground the team. and i will be back for a brand new season on wednesday, the 12th of january. but until then, we'll be showing some of your favorite shows from this season merry christmas over the past week, so called mainstream media has been waking up to the potential extinction of humanity. after landmark i p. c. c report issued a warning of hell on earth because of climate change. will this, while a new cold war ratchets up the chances of extinction? but another man made existential threat, nuclear annihilation. so is humanities, intelligence, and collective knowledge? also the root of its own destruction are the only beneficiaries the 1000000000 is looking to escape the planet in private rockets. joining me now is renown for loss for an offer. ac grayling, whose new book, the frontiers of knowledge, explodes, the progress barri

reindeer, skyrocketing down through the chimney, into the living room, pop stand, collins, to explain all this to us. dan, welcome to our kaiser, christmas show. merry christmas. everybody. of course, you also normally would bring a lump of coal, but there's also a shortage of supply of coal. so just have to accept your words, your pearls of wisdom, let's say here. so, you know, we look back at 2021 and we look forward at 2022 in this christmas special. it is christmas day. and normally, you know, most christmas presents here in the united states. anyway, come from china. we've had huge constraints in supply over the past year. that was certainly the.

the reindeer, skyrocketing downstairs to terminate into the living room potsdam, collins to explain all this to us. dan, welcome to our kaiser christmas show. merry christmas, everybody was diagnosed with cancer in 2005. when the doctors told me the cancer was incurable. i knew i had to make a change. so i decided to travel to one of the most toxic places in america. florida . one of florida is biggest industries and best kept secrets is fostering and the biggest player, the $5000000000.00 industry, is mosaic. deny there are reports of millions of gallons of contaminated water now flowing into the florida aqua fur lane pro. there's a chronic. oh, well you know, i don't love to hear that word polish thing, but that's what it.

reindeer, skyrocketing down through to terminate into the living room, pop stand, collins to explain all this to us. dan, welcome to our kaiser, christmas show. merry christmas, everybody was diagnosed with cancer in 2000 lives. when the doctors told me the cancer was incurable, i knew i had to make a change. so i decided to travel to one of the most toxic places in america. florida. one of florida is biggest industries and best kept secrets is phosphoric wine in the biggest player is $85000000000.00 industry. is mosaic. tonight, there are reports of millions of gallons of contaminated water now flowing into the florida aqua for a chronic. oh, what do you mean? i don't love to hear that word poets name, but that's what it is. i'm in 2013 my uncle, our family dog, my brother, who was 21 years old, myself and my father. and we're all guy draw problem with the whole and the good play, right? yeah, yeah. maybe they'll actually learn that our health is more important in the world is driven by a dreamer shaped bank. for some of those with there's sinks, we dare to ask join me every thursday on the alex salmon

the reindeer, skyrocketing downstairs to terminate into the living room potsdam, collins to explain all this to us. dan, welcome to our kaiser christmas show, merry christmas everybody. mm oil and gas manufacturing, electricity, telecom dies, quotation, all of them now have a t type of infrastructure connected to the internet for clarity, realizing this disruptive potential so that those countries can't ignore it because it threatens national security. but if we take a few countries, virtually old of them subscribed to doctrines and maintains selling but task forces, they are a cyber army on behalf of a country. that's their job. for christmas the traditional yuletide on a day this year, making this traditional with a special christmas guide me christmas tolerance diversity guide. we all know that christmas is a family holiday now makes oral your parents are properly numbered. i follow the agenda and make us no woman instead of snowman, or even better at the snow person designed for themselves. ah, ah, now gifts no don't or teddy best prepare your children for the brave new world. and remember, diversi

reindeer, skyrocketing down straight to terminate into the living room, pop stand, collins, to explain all this to us. dan, welcome to our kaiser christmas show. merry christmas everybody can ah good to have you with us today for this program on our team. so be an filmmaker, a miracle student has told us to you that freedom of the press no longer exists. he was reacting to the decision by german regulators to take our sister channel r t d e, off the air. now the station is headquartered here at moscow and has a serbian lie since a cable and satellite transmission, which under european law, is enough to allow it to pull cost in germany. berlin apparently thinks otherwise. earlier youtube channel was also slapped with a band. this is reaching the absurdity of what it means, because at the moment when the technology goes all the way around, you don't have the others, you know, getting one of the stations that we love to see because of it's documentary programs because of a lovely and correctly reporting from different parts of the world and i'm going to treat germany cannot stand it. and i'm just afraid that

the reindeer, skyrocketing down through the terminate into the living room potsdam, collins to explain all this to us. dan, welcome to our kaiser christmas show merry christmas. everybody with welcome back that number that hall for people in the u. k. a to scott, to say what they really think a new poll found that worried about being canceled. well, that's why friends, colleagues or even their own family, saudi edwards dusty picks up the details. council culture is silencing academics, a gagging public figures and wiping celebrities off the face of the planet. wait, can i really say that? who knows? but i know the only one biting my tongue according to you got poll. majority of brits on living in fear of will being canceled. the majority of britons 57 percent, say they have at least sometimes found themselves stopping themselves from expressing their political or social views for fear of judgment or negative responses from others. the id or password can be cancelled, or in other words, blocked from having a platform is happening to hundreds with a very similar cycle. you say something offensive receive a

the reindeer, skyrocketing down $30.00, terminate into the living room, pop stand, collins, to explain all this to us. dan, welcome to our kaiser christmas show. merry christmas everybody who's in with millions of people face christmas season travel. cale sized co with outbreaks, also known as scrap their flights leading people stranded at airport. hopes for a new future offer a decade of term on dash in libya where elections have been cancelled off the walls began parading around the capital tripling. and we speak with award winning serbian filmmaker amier crystal roots are about freedom and germany. decisions to block all says the channel or t v you suffer because you don't polish reality. those who want to shut down are those will know that they don't have the true to be available around the world with why from oscar? thanks for joining us tonight. toner, international and daniel hawkins. wherever you are. so welcome to the program. and millions of people around the world are facing travel disruption. this christmas saves you to flight cancellations. more than 2000 planes have been grounded in the past

reindeer, skyrocketing down through the terminate into the living room, pop stand, collins, to explain all this to us. dan, welcome to our kaiser christmas show. merry christmas, everybody a mind to go with or is it, which is the 2nd guy because this is stephanie, which one is a little bit out the story of the store and they just with a similar with to pick right away. but i wanted to celebrate union, which affected mister young. i said, give my own language. i think with hist for is the way that the young lawyer should know an investor almost a year. me a little shows a corner is not up for my go deal with the registered poach. mm hm. i think i've talked to portion russian. i know it's a nice watching over her shape practitioners was best because i'd like to probably ones, but i still wasn't in the buses to 30 minutes. what that should date of birth and death. nasa progress went up. what i say when he was program was secure systems and then from junior at the program, i thought i got all the classes but eccentric approach convenience, because i used to pull this up as mr. you searching a little. but i th

feeding, the reindeer, skyrocketing downstairs terminate into the living room potsdam, collins to explain all this to us. dan, welcome to our kaiser christmas show. merry christmas, everybody ah, one of the major fights chose to merge go. head with president bush junior, was in 2008 this recall newcrest somebody. at that stage, the united states actually wanted poor and georgia and ukraine to get them and natal membership to start. so caused membership action plan and it was germany that stop that and then said, no, no, we don't want to do that because these countries will not add to the stability nato, which is one of the prerequisites in the nature of treaty. ah then with ah, welcome to redact to deny i'm li camp o e hes ga bob. it's been an insane year in which i've actually used up my apps, he say, allowable allotment of curse words. so now i can't pankey nuttin use any bad words in this. god bless it. ap purcell fire dish and lands fagel dazzle. but considering this year, we van, it's about time we looked back the best of redacted tonight 2021. we cover every aspect on this show of the rub, shit, the gr

the reindeer, skyrocketing down there to terminate into the living room, pop stand, collins, to explain all this to us. dan, welcome to our kaiser, christmas show. merry christmas. everybody else look forward to talking to you all that technology should work for people. a robot must obey the orders given by human beings, except where such order that conflict with the 1st law show your identification. we should be very careful about artificial intelligence at that point. obviously is to great trust, rather than fear. a very job with artificial intelligence, real summoning with a robot must protect its own existence with a, with millions of people, vice christmas season, travel chaos. as cobit outbreaks, full set on the scrap lights leading people stranded across it, hopes for a new future all through a decade of turmoil dash in libya. well, actions have been cancelled off the wall. it's begun for writing round the capital tripoli.

the reindeer, skyrocketing down there to terminate into the living room, pop stand, collins, to explain all this to us. dan, welcome to our kaiser, christmas show. merry christmas, everybody with huge cues, a dwindling us testing centers. is all micron sweeps across the nation with the daily infection rate increase news, 7 fold. in some states. we have a surge when we do need more testing centers. and i mean, look at these lines that is a horrible on it for, you know, most of my friends have to wait on line for hours and hours to get her food. i've had to wait, i'm blind for hours to get touch with millions of people across the world, place travel cale. this person has a huge coven, 3rd seas, airlines counseling.

the reindeer, skyrocketing downstairs terminate into the living room, pop stand, collins, to explain all this to us. dan, welcome to our kaiser. christmas show. merry christmas, everybody ah, welcome back to russian, and he's john gas farmers denied a cheese accusations from countries including ukraine, but it's deliberately pushing up natural gas prices in europe by stretching supplies. the company says it's westbound exports are actually far higher than last year ortiz. he goes on how fast the latest gas from has once again reiterated the statement. it has been making for quite a while that essentially any. well, any accusations that gas pro may have somehow contributed to the energy crisis in europe, completely unfounded. these are their words, and in fact, they have once again stressed that the real, the actual output of gas from russia into europe via gas problems will infrastructure, has in fact the succeeded, has, in fact, exceeded, i should say, unsurpassed the contractual obligations in front of the company have a listen 7, you know, what is that? i see just for all my, all accusations against

the reindeer, skyrocketing downstairs to terminate into the living room potsdam, collins to explain all this to us. dan, welcome to our kaiser christmas show. merry christmas. everybody so driven by drink shaped banks, concur some of those with theirs. sinks, we dare to ask ah, it is good to have you with us today. this is dorothy international. now the world's richest man. how to lashed out. let's see it. and then interview a tesla boss, ill on mosque joke, that he's not perverted enough to appear on that news network. what, what was it you said the the requirement for being a cnn georgiana is, are you, are, you pervert better than quip followed a series of controversies out cnn. you're probably aware of most of them. i and chris chrome are right there recently find for lying about helping out his brother that in governor of new york. in fact, they're both, they're both facing accusations of sexual misconduct and that see and, and present. right, that don lemon. he's been sued for sexually assaulting a man at a bar. it's a claim he denies. and they're right there. most recently the cnn producer john g

the reindeer, skyrocketing downstairs, distributed into the living room potsdam, collins to explain all this to us. dan, welcome to our taiser, christmas show. merry christmas everybody ah, hello again. now saturday mom thought he is since the symbolic and of the u. s. a saw the carmen and so get flag was lowered and replaced by the colors of the russian federation. and president mikhail gorbachev announced his resignation. what a storm might of course designate union, united by a communist ideology, existed for almost 70 years. but towards the end. relations between its where publics had become fractious and the liberalizing policy of perestroika did little to stabilize the situation. the union was replaced by 15 independent states among them, of course, russia. and as the new board to spring up around $25000000.00 ethnic russians found themselves cut off from their homeland. many on unable to get naturalized in the other republics and moving to russia was an easy laser. while one of the people is nina, chico. now 65 living in catholic stone, she was born in this way now and grew up in russia with her

reindeer, skyrocketing down through the chimney, into the living room, pop stand, collins, to explain all this to us. dan, welcome to our kaiser, christmas show. merry christmas everybody. of course you also normally would bring a lump of coal, but there's also a shortage of supply of coal. so just have to accept your words, your pearls of wisdom.

reindeer, skyrocketing down through the chairman $8.00, it's a living room, pop stand, collins to explain all this to us. dan, welcome to our kaiser christmas show. merry christmas, everybody was diagnosed with cancer in 2000 lives. when the doctors told me the cancer was incurable, i knew i had to make a change. so i decided to travel to one of the most toxic places in america. florida. one of florida is biggest industries and best kept secrets, is fostering wine in the biggest player, there's an $85000000000.00 industry is mosaic, and i, there are reports of millions of gallons of contaminated water now flowing into the florida aquifer may pro, there's a chronic oh, well, you know, i don't want to hear that word polling, but that's what it is. i'm in 2013 my uncle, our family dog. my brother was 21 years old, myself and my father were all dying of the problem with wow. yeah. whole rock and they could play. right? yeah, yeah. maybe they'll actually learn more help is more important than with this is boom bus, the one business show you can't afford to miss on bridge a board. and i'm rachel blevins in washing

reindeer, skyrocketing downstairs at gemini, and into the living room potsdam, collins to explain all this to us. and dan, welcome to our kaiser christmas show. merry christmas everybody i ah, and i guess the media group at all cannot go a little bit, but because of its stores run is la maya. loosen you issue chain the command of list that keeps the work because i still need to see to never delaware. mm. hm, that's got by be other groups off i need to do the oxy organism additionally done is so christmas. gotcha. and then the gigabyte but also does not quote is it doesn't cost their opinions. i'd say this is the operators for me exit. yes. get the oregon. yes. and they're all cranial was the lead to start the dodger. who was in the done the labor was what he does. the chair libra. we are down the machine. you're combining those nitrogen from the station manager to be a piece of woman that have been as i'd say. yeah. near graduates. assume yearbook or not just a boy next door. you open it from the go editor if saved on the thumb with what store you go for washer was still yesterday, wasn't it also.

reindeer, skyrocketing down through to terminate into the living room, pop stand, collins, to explain all this to us. dan, welcome to our kaiser. christmas show. merry christmas everybody. mm hm. with millions of people face christmas things in travel, cale sized co would outbreaks, also going to scrap their flights, leading people stranded at airports. hopes for a new future offer a decade of turmoil dash in libya. well, elections have been canceled off the walls, begun writing around the capital tripling, and we speak with award winning service filmmaker amy crystal route, sorry about freedom and germany decisions the block office, the shuttle all t.

dan ashley. we appreciate your time. jimmy kimmel and will for take. night. >> announcer: from hollywood, it's "jimmy kimmel live!" tonight, will forte, lily collins jimmy kimmel! [ cheers and applause ] ♪ >> jimmy: hi, thank you. very nice. hi, everybody. [ cheers and applause ] very kind. i'm jimmy, i'm the host. thanks for watching and thanks for coming. please relax. it was a rare cold and rainy day here in sunny los angeles. got down to the 50s today, it was cold, right? >> guillermo: yeah, very cold. >> jimmy: very

dan ives back on, ask him if he has a change. jonathan: he's been bullish basically the whole way up on this run. mike collinsng just -- mike collins joins us now. using maybe we have seen the peak of yields at the front end and the long end on tens as well. walk us through the framework right now. would you all get around a table together, how do you ask plane this? -- how do you explain this? mike: it is looking at the long term view. everyone is so caught up on this oath surge and inflation surge, and we have done a lot of work on this. when you really peel it back, it has been more demand driven than supply driven. if you look at the supply of stuff being made around the world and being shipped, it is higher in many cases then pre-covid. but the demand has jumped 20%, especially for goods, durable goods, imports. that demand is going to come down. the big jump in the savings rate we saw last year with all the fiscal stimulus, all the helicopter money, that has already been spent. it is gone. so what is going to happen going forward, as the fiscal stimulus really retrench is, notwithstanding the infrastruc