st. mary's college of california told us that the bank collapse is directly tied. the current u. s. strategy of curbing inflation. the fed cannot raise interest rates high enough to bring down inflation because inflation is mostly supply side. we can't do anything about that. so they're trying to take inflation down by raising interest rates. low is crushing demand alone, right? but when they raise it up a certain level between 5 and 6, i been predicting you're going to start getting financial instability. and we see that already now with the silicon valley bank because the tech sector is the most exposed right now. and, and, you know, there's, there's like $250.00 companies that, that have their money in silicon valley bank. lot of them start ups. and if they, if that bank goes belly up and they lose that money, well hope to start up the gun ago. i got a crash, right? that's where the government i think, is going to really jump in and bail it out. and i already signed the deal yet. but we don't know the contagion between silicon valley bank and other tech, financial funders, and o

st. mary's college of california. jack, thanks so much for bearing with us. and joining us here today, jo button states that the u. s. economy is on the right path. and is this really the case considering that the statistics about these record layoffs? no, i don't believe so. you know, the lay of said, beginning to appear now, particularly in the good sector after the federal reserve raised its rates and a record pace here over the past year. and it hasn't really hit the service sector yet, that they're still hiring going on, which is part time. you know, when a site that unemployment rate, it's only for full time permanent workers and we get about $50000000.00 part time temp gauge workers in this country. and people who are have dropped out of the labor force and so forth. when you look at the unemployment rate is really around 78 percent, not 3 and a half percent. first of all, and even that is a, is an under estimation for reasons. technically i'm not going to get into it. so yeah, we're, we're beginning to see at the impact in the fed rates under good sector. and the fed is targeting the service sector now with,