I love for the liberal capital. I hope you're well. So I just had a conversation with an expert when it comes to stable coins and this quote unquote genius act. And I wanted to share some of the highlights of this conversation with you as quickly as I could because quite frankly it was as disturbing as hell.

And I'm not saying that lightly.

Now, when this genius act first was passed or they were talking about it,

people were saying, well, it's a back door to a CBDC.

And initially I said, I don't know, because in order to have a CBDC have all of these draconian in 1984 or well-in type features, you would need everything on one ledger.

That's the ideal foundation, let's just say.

And I didn't see how the genius act was doing that, but I wasn't thinking it through completely. So once I had this

conversation, then I kind of had the epiphany moment. The light bulb went off and I'm like,

ah, I see. I see how this could lead to something incredibly nefarious, something that if you're

someone who values freedom and liberty,

you should be terrified of.

And that's probably putting it mildly, to be honest with you.

So let's go into first and foremost, kind of the plumbing for a CBDC.

And then I'm going to go over some of these highlights that I was referring to from this conversation I just had.

And then you guys will start connecting the dots here very quickly.

So here we go.

Central Bank Digital Currency Ecosystem.

The top is retail CBDC, bottom wholesale.

Now let's look at this wholesale first and foremost.

Let me see if I can

zoom in. So we've got the central bank. This is the issuer of the currency or the CBDC.

And in the middle, notice what we have here, payment records, database or ledger. You see how

...