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00:00 What I'm going to be sharing with you is a whole different approach to looking at economics in
00:05 markets that I really didn't want to share up until this moment. But I'm now at a stage in my
00:12 life that I want to pass along everything that I know that is of value. I want to pass it along
00:18 now because I think that we're at a critical juncture that if we don't deal with this issue,
00:23 we're going to pay a terrible price. And I also am eager to have those concepts being considered
00:31 and debated in the open so that we can move forward with how we look at debt situations.
00:38 There's a 50 year or so cycle. Maybe it's 75, maybe it's 30 years. It's imprecise. But there's
00:45 a long term debt cycle that is not understood, that needs to be understood. And I want to make
00:51 it understood by passing it along and having the exchanges with you and others, other professionals,
00:57 other policy leaders, so that we can explore and understand that. I think everyone would be better
01:03 off if what I was using to help me in my career in the past could be better understood by everybody
01:10 because I think we will get better policies out of that.
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