Well, this is current yield

Grant's interest rate observer of the air.

I'm Jim Grant, and with me, as always, is Evan Lorenz,

the great deputy editor of grants.

That's like the Ohio State, or the, I guess, the Notre Dame, right? It's in any case, Evan,

from now on, it's the capital T I'm going with. I'm going to trademark that as well.

All right. Henry, nice to see you. Happy New Year. And we have a guest today, and her name is

Carrie Findlay. And she is friends of ours and friends of others,

and they all speak so highly of her, and you'll find out why presently. She is the founder of

Tocora, which is an asset lending operation, and they have a couple of of funds and the funds compound money at fabulous

rates. We'll hear why. In just a moment. In the meantime, Evan, okay, over the weekend,

the 47th president of the United States launched his own meme coin, right? Yeah, the Trump coin.

And then it went up to like $60 billion or so at its peak.

Right.

And then came the first lady and, you know, she, I'm not sure if there's peace in the house

or not, but her coin took a little bit of the oxygen out of the president's coin, and they both started

to flutter down. And then a pastor who gave part of the benediction at the... He issued one. He

has achieved a market cap, I think, of less than a half dollars. So it was all... The best part was the

first part. But, you know, I spent the last couple of days trying to imagine among the presidents that I know and one about whom I've written. Imagine, who would

have done this? For example, Evan, Dwight D. Eisenhower?

I can't quite imagine an I coin. All right. How about Honest Abe?

I, you know, I just can't picture it.

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