treasuries by the fed through quantz to be easing so that's why bongos haven't recovered it is so potent for the fed to keep these bond yields less because if they fail to do that the funding crisis that the u.s. government will find itself in will be completely intractable so it is. absolutely key for the set to keep interest rates funding rates down to keep find actual financial assets bubbling they fail to do that because they've committed the dollar to doing that like they will print whatever it takes to keep financial markets running then if they fail so the dollar will fail as well and again we've discussed this because this is a dead ringer for what john wrote it exactly 300 years ago so let me pick up on that date of march 23rd because i've also kind of mentioned this on report rice said something happened i didn't specify that date of march 23rd but that the mindset the psychology of the global investor class all participants in the economy in fact changed just like that day in august of 1981 when basically the u.s. went bankrupt right they failed to pay back in lent the gold th

sucked all the great talent out of the university says some of whom moved to washington because come quantz and financial engineers and they didn't go into medicine really some charlie . affairs or social service or to become clergymen they became wall street traders and with the fed we know historically and as an example of an institution that is replicated in other countries around the world there is a natural interest rate of about 5 percent and the fed is their remit is to either raise or lower rates around that natural rate as a way to offer. mitigating. risk to the economy in case there's a slowdown or things that hyper inflated exciter but what we've seen is that they've taken rates down to 0 and allowed the continuing air class to buy everything up which is given the rise to the multi 100000000000 are class that's a result of what i think we can describe as a heist this is a heist engineer by the fed and further along put further along by the concealing her class so this is this is pretty shocking disaster in the lot of ways and. first so what's your comment on them would you want t