The Conclusion of the Long-Term Debt Cycle and the Rise of Bitcoin

I'd love to turn to to your article and it's really a great piece. It's called the conclusion of the long-term debt cycle and the rise of bitcoin. So I really want to get into cycles here and you know the cyclicity of debt. If you could kind of explain what are the cycles of debt specifically the short-term cycles that we're going throughYeah so I mean Debt can be a good thing if you use it to invest you know productively right but if you use debt to consume or whatever gamble is painful because you're spending your future productivity as I think that's the hinge.