All right, Kathy's, you guys are lucky. Four episodes in a row, like every few days, one right

before the big birthday. Big birthday. Jesus Christ. Christmas episode, we, you know, the elves are

working. So we're going to work. Elves are working. Batman is packing up his presents. Yeah. So we're, to work. Ravs are working. Batman is packing up his presence.

So, yeah, we're getting ready to go, getting ready to the holidays.

You had a topic around free ports?

Yeah. So, Nebiel, who's been on our pod as kind of the foreign policy expert. Yeah. He knows way more about this than

honestly anyone I know. Yeah. And he gave some great insight. I know Zach brought it up,

but we didn't get a chance to kind of dive in on how, because I was trying to understand the

mechanism, how you make money from a free port. Yeah. So you explained me in detail how it works.

So basically, like we discussed last episode, there are ports around the world that either

the Swiss government or random, you know, tax-saving governments have bought where you're not

domiciled in a country, So you're not like taxed by

any region. It took a bonded warehouse. So then I was like, okay, fine. You have this art or whatever

you have stored in here. I get it. It's not taxable. So how do you make money on it? So what happens

is the goods. There's two ways these things happen from what I understand from

Nabil. One, so let's call it the Da Vinci art or you name your $500 million painting

that's sitting in the art. It's basically being transacted by different parties through

offshore tax havens and the art never leaves.

So one person, you know, brings it into the Freeport.

He sells it for $400 million to someone else.

That person keeps in the freeport.

He gets the $400 million tax haven.

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