00:00Well, we had a very good inflation report the other day.
00:02Are you worried that the Fed's...
00:03The costs are going down rapidly.
00:06Don't forget, I inherited the...
00:07I haven't been here very long.
00:08I inherited the worst inflation in history from Biden.
00:12But costs are going down rapidly.
00:15And as soon as the war is over, you're going to see a big drop.
00:18Are you worried that the Fed's going to high grades to counter...
00:20Well, they have a board.
00:22And Kevin's fantastic, but he's got a board.
00:25And the board members are very political, I would say.
00:30So, you know, we fight our way through the rates because we're doing so well.
00:34But, no, he's got a board.
00:37He wants to do the right thing.
00:38I know what he wants to do.
00:40But you need the consent of some people that have perhaps bad intentions.
00:46Rates should be lowered.
00:47This country could be at 8%, 9%, 10%, 12%.
00:52GDP, that's what it should be.
00:55We have other countries that are paying less interest rates.
00:58And if it wasn't for us, they wouldn't even exist.
01:01It's ridiculous.
01:02And they call them elite.
01:04We have other countries.
01:05I don't want to really mention names of countries, but I could give you plenty.
01:10That they take money out of the U.S.
01:12And because of that, they make...
01:14And they get a lower interest rate than we do.
01:16And it shouldn't be that way.
01:18We should have the lowest interest rate in the world.
01:20I could take the money that these countries are making, put it into our portfolio, and
01:25we would be...
01:26We should have the lowest interest rate in the world.
01:29Like it used to be 30 years ago.
01:31We always paid the lowest rate.
01:34If you take a look at, like in Switzerland, where we have a $30 billion deficit, I could wipe
01:41out that deficit overnight.
01:44Overnight.
01:45That would be money that would actually indirectly come to us.
01:49So, we got a lot of interesting things going.
01:52But our country is the strongest we've ever been.
01:55It's the hottest country anywhere in the world.
01:57So, we're going to have a lot of interesting things going on.
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