The us. Government cannot repay its debt without inflation, full stop. They need negative real rates. That is a, your implied bet is that the united states government is going to default. In my opinion, there is zero chance of that happening. And i just think we're in a period of time right now between sort of two trapezes, right? We've let go of the 20 20 through mid 20 21 trope yes after policy makers had the crap scared out of them by how bad inflation got. I think the slow down we are seeing this rapid slow down we're seeing in the us. Economy as we speak, i think, is a sign that the next trapeze