So what is it? What is it supposed to be? And the answer I would give you is, if you think it's supposed to be something different, a store of value, protect you against fiat currencies and all that other stuff, it can't if you're at bended knee begging the very organizations that caused the problem in the first place, the treasury, the Fed, the government, to be the buyer, to push it up for you in the first place. You're supposed to be the alternative to them, not be captured by them. And so that's why I'm not for the strategic reserve. If you want to move the thumb drive into the sovereign wealth fund, fine, that doesn't do anything. But I'm not for borrowing money to buy. I'm not for backing the dollar against these things. I am for them saying, no, we want to build something completely different from them and be a competitor to them, not consumed by them. Well,

Jim, I want to thank you for another outstanding interview. I always enjoy our talks. But before I let you go, please tell our listeners a little bit more about what you do at Bianco Research, which is a boutique institutional research firm.

So the day job is not quite as big picture thinking as this, but this podcast is the perfect place to kind of, you know, lay out some of these ideas. We do macro research with a fixed income bent at BiancoResearch.com. It is an institutional product. So, you know, that's kind of hint as to what the price is. But I am very active on social media at Bianco Research, both on X, YouTube, and my name, Jim Bianco, on LinkedIn. We also run a total return fixed income ETF. We had a very good year in the first year. You can find out more about that. And it's symbol WTBN, Wisdom Tree, Bianco. Wisdom Tree is our partner. Wisdom Tree, Bianco. Nancy is its symbol. Or Bianco Advisors, not Bianco Research, BiancoVisors.com is the website that details what we're doing there. Patrick

Ceresna and I will be back as Macro Voices continues right here at MacroVoices.com.

Now, back to your hosts, Eric Townsend and Patrick Ceresna.