 All right. Bukele. Bukele. You remember we talked about Bukele? Bukele is, of course, the president of El Salvador, hugely popular. He's about to win an election in El Salvador by a huge margin. This is the guy who took the most, the deadliest country in the world, with the most highest murder rate in the world, and has made it relatively peaceful. It's not completely peaceful, but it's completely livable. It's down, it's America standards, the US standard, most cities in America. So Bukele is going to win this election by landslide because he's made El Salvador livable for the people, even though he has authoritarian tendencies. And the way he did this is pretty authoritarian. Elements of it are elements that are right, you know, beef up your court system, do very speedy trials, arrest anybody with a gang insignia, the assumption, and then put them through speedy trials and be willing to incarcerate very, very large numbers of people. And that's what he's done. He's built some of the largest jails in the world, and they've incarcerated tens of thousands of people, and anybody associated with gangs is in prison now and crime rates have plummeted, plummeted. El Salvador now is a relatively peaceful country. That means investment is coming in. That means entrepreneurs are building up, the economy is going to flourish. But the first job of government, the number one job of government is peace. It's to get rid of the criminals, it's to put the criminals, particularly the violent criminals, you know, and the fraudsters, but the violent criminals behind bars, only once you take the criminals out of a society, particularly the violent ones, can you get civilization and can you get an economy going, can you get markets to thrive? This is why one of the reasons I'm against anarchy is you need a mechanism to extract violence from society, right? Anyway, part of what's happened though is, and this relates to drug war, as long as we have a war on drugs, there is going to be high profits in running these gangs and dealing with drugs. And when there are high profits, if I can't do business in El Salvador any more, because the drugs, you know, the drug members are all being arrested, then I just look for another country and what's happened is violence has been exported to Costa Rica, Costa Rica violence is spiking, it used to be an incredibly peaceful place. Violence has been exported to Ecuador and to Honduras and to the rest and other countries in Central and Northern South America. And what is happening there is local politicians in these countries are now embracing the Bukele's methodology. And you're seeing big prisons being built in Honduras and the Honduran president, for example, Castro has declared a state of emergency and is facilitating a crackdown on organized crime. The mayors in Peru successfully pressured President Dina Urate to emulate that to some extent and they're calling it the Bukele plan and they've suspended constitutional rights, which is sad, but they've suspended constitutional rights and they're allowing the military to take charge of work normally done by police. That was also something Bukele did, he used the military, he military to do that. In Ecuador where there's been, as I said, an explosion of violence, I'm reading from a Bloomberg article, an explosion of violence tied to murderous drug gangs, of course. You know, this used to be one of Latin American peaceful countries. The president, Daniel Nuboa, is planning to build prisons on ships and Bukele Stein mass detention centers on land to accommodate all the people that he's arresting, some mass arrests going on all over the place. Now, the challenge here is two-fold, one, okay, so you can't do it in Honduras and in Ecuador and in Peru. Do you go now to Panama and do you go now to Colombia, I mean, this is a shift. You cannot solve the problem without legalizing drugs. I mean, that's the stunning thing. You cannot solve the problem without taking out the unbelievable, insane amount of profit that comes from something being illegal and the violence that is implied by dealing with something illegal. Where will the violence go in South America as a consequence? So that's problem number one. Problem number two, of course, is what happens to individual rights. What happens to your rights under a system like this? Are they ever returned? All these countries declaring states of emergency. Are they always going to be in a state of emergency? Is there ever going to be an unwinding of the emergency or is this the new authoritarian push that's going to dominate Latin America in the name of doing away with violence? So things to watch and a real challenge in Latin America and one hand, I very much sympathize with this desire and need to clamp down on these violent gangs and to rid the world, rid the country of their motorist behavior. On the other hand, I am worried about whether individual rights, whether the mentality, that kind of mentality then affects the rest of the economy, the rest of the country and emboldens the government to be more authoritarian or whether they limit this just to murder, violent crime and gangs and whether they keep respect for individual rights in every other realm. It's a tricky, very dangerous balance to do.