 Sleepways, can you briefly explain how the feds raising the interest rates work? I know you went over it before but I need a reminder because I'm not sure I am entirely following. So for example, take a look at this Sleepways. Silicon Valley Bank, SVB, the bank in California that just went belly up. In a matter of two days, three days, their stock, their stock at peak was $800, $600 and a month ago was $300. On Thursday it dropped 60% and pre-market on Friday it was down another 50%. So it went from $300, it was already stressed out like $350 to $50 and it didn't even open on Friday, trading halted. Why did this bank go bankrupt? There's multiple reasons but here's one of the reasons. One of the reasons was because they were woke-ass, low-acu management. They cared about the color, their races basically and low-acu. They cared about the color of your skin, your sexual identity, the most ridiculous things. Who you slept with, what you wore, what your hair type was, that's what they cared about instead of, hey, we're running a financial institution. We need to have people that know mathematics, no modeling, know all this stuff. Aside from the bad wokeness agenda that they had, the people that they had running this bank. So people put their money into the bank and the bank has this money. They make money by lending money so they get interest from that. They also have a shit ton of money sitting there. So instead of just sitting there, what they did, some of these idiots, the people managing the funds in the bank, they bought 10-year bonds, US bonds, betting that interest rates weren't going to go up. Now, sleepy waves, you've been here a while, right? I've been doing live streams on Twitch, I guess four years now, right? I've been making videos for a long time. When we started looking at the stuff, printing money and stuff, we knew that interest rates are going to go through the roof. Inflation is coming and they're going to be raising interest rates. No ifs or buts about it. We were 99%, I was anyway, I was talking about, 99% that they're going to be raising interest rates, right? The people, and by the way, SVB Silicon Valley Bank was on Forbes top five most stable banks in the United States for like five years running, right? Top best place you could park your money, right? It's like those AAA graded loans, subprime loans that they were selling in the 2000, 2005, 2006 and the build up to 2000. AAA, this is solid investment. Get your money in there, right? So the people managing these billions of dollars for this bank, they bought 10-year bonds betting that interest rates weren't going to go up and their bonds were paying like 1.5%, right? Billions of dollars, right? Well, what happened? Interest rates go up. So the value of those bonds goes down because why would you buy, like for example, let's say it's a million dollar bond, they bought billions of dollars of this shit, right? Let's say you buy a million dollar bond that's going to be paying 1.25%, 1.5% for 10 years, right? Annual, right? A year later, interest rates go through the roof. Now you can buy 10-year bonds that are paying three and a half percent, right? Way better yield, way better yield, more than double the yield of what these guys bought like a year ago, right? Well, what's going to happen to the value of this thing? Well, the value of this thing is going to go down. Why would you buy a bond that has a nine-year term left in it that's paying 1.5% when you can buy a 10-year bond that's paying 3.5% right? You can park your money there. So the value of these bonds drop like 20%, 25% or something like this, right? Oh crap, they just lost a few billion dollars, right? Not only that, these people, a lot of their money that they had lent out was lent out to startups, tech startups, tech startups. Well, tech startups, interest rates are going up, right? In technology is pretty gambling sort of thing, right? Interest rates going up, tech startup, their costs of doing business means it's going up because they're not, a lot of them aren't making money, right? They're borrowed money, right? They're doing selling shares and shit. So their share price is coming down. They're able to raise less and less money, right? By selling shares, right? So all of a sudden these tech companies that they've lent money to, well, the business model is not really working out too well. So this is sort of a tech bubble crash of 2000. So we're seeing sort of a combination of the dot-com crash and the 2008 scam together with interest rates going up, right? Economy collapsing, sanctions on Russia war against China, hegemony of the Western world done, multipolar world, commodities going through the roof, right? Cost of energy through the roof, labor shortage, what do you call it? For the stems anyway, right? A lot of overpaid woke-ass useless people working for these companies. That's why they've been major layoffs, major layoffs, thousands of layoffs in Microsoft, Apple, Amazon, Tesla, Netflix, just laying these useless people, these woke-ass people, right? Because they cared about virtue signaling. They didn't care about productivity. Not all of them. There are some that are good, but majority of it, the censors. Look at Twitter. Look at the people that were working for Twitter. Would you hire those people? Damn. Did you see some of the testimony they had? Damn. So there's a lot of baggage that these tech companies had. So they've been valued as this much, but their value is way down here. So on the books, paper, SVB look great. Forbes, one of the best banks you could put your money in, right? Guess what? It wasn't. Why? Because all that, all that accounting, hocus pocus magic on paper was really that. It was just hocus pocus, smoke and mirrors. Real value was way, way, way down, right? And their management was making shitty bets, gambling with billions of dollars. Like, what kind of a low IQ individual gets hires another low IQ individual, puts them in a position to manage billions of dollars. And these low IQ individuals through the chain of command, they all okay, them buying 10-year bonds and betting that interest rates are not going to go up. Like, a year ago, two years ago, we did a math video where we looked at the money supply and just going through the roof. These are the people that are managing, managing retirement plans for people. These are the people that are managing social security to a certain degree, not really, well, to a certain degree, I don't know what they're doing with social security, the truth, right? It garbage. It's insane. Interest rates being a negative, right? So, social security is done. Like, the social security, I think, it needed, needs 6% or 8% annual to be viable. It hasn't been that for 12 years, 10 years. Europe has been negative. So, that's done. Like, what? Right? They're managing people's retirement plans, their bank accounts, their RSPs, their funds. These are the people in charge of people's money in the markets. That's not going to work out too well. It really isn't. So, interest rates is basically, see what we want to think about it, is the cost of money, cost of doing business, right? That's the best way to think about what interest rate is, right? So, if the cost of doing business is going up, then the economy is going to go down. Entrepreneurship is going to go down, right? Especially when it's coming from a place where there was cheap money. It didn't cost you anything to get money if you knew the right people, right? Because they were handing out money like it was candy at a fucking playground on Epstein Island. Hey, kiddies, here's a lot of candy. Don't worry, no price to pay for this. Damn, right? Damn. So, they were handing out money like it was going out of business, right? And people are expecting that there's no no repercussions to this, right? All of a sudden, cost of doing business goes through the roof. So, all those companies, all those companies that didn't have a viable business plan, their only business plan was cheap money. We can get our hands of cheap money. We are, look at all the all the wool cast people we hire. Look at this army of wool cast people. They, they understand words. Words hurt people. So, they censor society. Look at all these people we got, right? Cost of doing business just went up, went through the roof relative to where it was, and it's not about to slow down anytime soon. I might be wrong. They might freeze interest rates, not kick it up, but I'm guessing interest rates are going to continue to go up. Cost of doing business is going to continue to go up. Okay.