No one wants to see people without jobs. I was, I changed the entire focus of impact theory

the show as my very small contribution to what I thought was going to happen because I did not

know what money printing was. And so I thought, okay, people need to buckle down. They need to

know how to weather this storm. The problem is that while money printing worked and it did a very good job of making sure that all of us in 2020 did not suffer,

it does create suffering for the next generation, for sure.

And so we said, hey, we don't want to suffer. So we're going to leave you guys to suffer.

And so what I want to know is what do you think history tells us about the money printing

that we're doing now and the national debt that we've racked up?

Because when I put it in context of the wealth of shadows and what happened to Germany

and how crazy their debt was and the madness that ensued because they were just so

burdened with debt and what we can learn from Great Britain and what happened to them because they were so burdened by debt.

What does history tell us about this moment money printing and our national debt?

It's a great question. So obviously during the Second World War, the United States printed a ton of

money and racked up a ton of debt. And we did it to win a war that we felt, I would argue correctly,

and I think we would all argue correctly, was existential. And sure enough, it worked. We won the war,

as we all noticed. And the, and the, and the, and we ended up building a bunch of factories to build bullets and build airplane. You know, the airplane factories are still there, right? Like the Boeing factories are still there. They're still making airplanes. We ended up building up during the war. We used all the money printing and all the

debt, all the government bonds to build a bunch of things that are kind of blue chip valuable

American industries. So I would not, I would again say that it's the issue

isn't money printing itself. The issue is what are you using the money for? The devil's in

the details here. If you're using the money to build factories that can now produce airplanes that we can

sell all around the world and people can use it to fly places, there's value created there.

If you're using the money to just sort of like go into the black hole that is the Wall Street

...