Grant's Interest Rate Observer is on the air. Again, this is Jim Grant on behalf of Evan Lorenz, the great Evan Lorenz,

deputy editor of Grant's interest rate observer, and Eric Whitehead is at the controls. The editor of

almost daily grants, Phil Grant, is on the scene as well. And we are here to bring you

like a podcast, an interest rate theme podcast. You know, the New York Times had a story a

couple of days ago about podcasts, the themes of which were, let's see, death, misery, and sex.

And I'm just not going to go there today.

Interest rate should be a step up.

Interest rates are a step up.

Well, we have one heck of a program, which, by the way, and not so by the way, is

sponsored by our good friends at audible.com slash jim grant.

I'm not supposed to say audible.com without saying slash Jim Grant.

But it's a book by Red Voice business, and we think it's pretty terrific,

and would think so even if they weren't paying, what is it, $100,000 for the Senate?

A million for the A million.

And we respondent also, not less, not least, by Bonwee, Bonwi, which is one heck of a hotel

and travel site.

And you'll hear more about those presently.

And in the meantime, Evan, I want to talk to you about Bitcoin.

It's kind of a sore point among us gold bugs because Bitcoin goes up and

our gold doesn't. But there was some measure of low Chardonfreude this week in the Bitcoin

department because there's a spin-off. There's a fratricidal spin-off among the technophiles,

and there's something called Bitcoin Cash, which had a suitably

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