 Mark welcome to the show. How you doing? Good. Thanks for having me on. Hey, my pleasure Yeah, so I'm ready to talk about a couple of things. I've been following your Twitter threads for a while No, excellent. Yeah, they're always interesting and It's funny though. You and I right before the show we're talking about people think that like we're rolling in fucking dough We're like, oh my god, these guys have Thousands of followers in YouTube. They must sound like dude. We're like slave wages over here We make nothing That's exactly right. There's not people are like, man, you you're gonna quit your day job. You've got 30,000 Twitter followers. Yeah No, that's not really all this this all works, you know, yeah Yeah, we're like we're like fucking, you know how they're like a celebrities be celebrities. We're like We're like a be maybe like P. Yeah, I was down the alphabet level You're famous now you got a lot of Twitter followers. No, that's not how the world works Is that you talk to normal people in everyday life and they're like Twitter? I don't I never go on Twitter Yeah, you're on Twitter, man. No, there's I'm surprised at how how much information is conveyed on Twitter and how much Twitter is ahead of the curve in Breaking news events and things like that, but so few people use it on a regular basis. I'm really fascinated I mean, it's almost like having cheat codes To life a little bit being on Twitter well the interesting thing with the corona especially within the crypto community is We started picking up like early January. I saw people talking about it like mid-January and The fascinating thing is you look at the different psychology of different platforms like you look at Twitter And as you mentioned, it's more Because it's the context too is like, how can you condense your information in a set of characters? You're not writing out these massive theses or these like paragraphs like you do on Facebook or LinkedIn And so it's fast is real time It's the closest thing to kind of like almost real conversation you can have on online platform The only thing they should have a fucking edit button though My fat ass my fat ass fingers are always fucking doing issues at it. Yeah Never do an edit button. No, I know I'm gonna do it And then like Twitter was way and then at the exact same time where everybody on Twitter was talking about Coronavirus for the first cases and Wuhan you go to Facebook and there's not one post about it No one's talking about it at all And so the cadence that delay is it was like a month and a half delay difference between these platforms It's amazing. I I was going to Sam's Club at the end of January and buying up as much toilet paper as I could Grab and people are like, what are you doing? I said this thing's coming. I said, I don't know how serious it's gonna be Are how crazy it's gonna be but it's gonna get here and people are gonna panic and I want toilet paper So I went and I stocked up. I bought a bunch of canned stuff I was the only person in Sam's Club on a Sunday morning in late January but that was because of Twitter I like it was like I was tipped off to this and You can just sense it sometimes Twitter's wrong, but for the most part you can sense when something's brewing like My first real inclination to Twitter being right was in 2016 with the election and Seeing this like build up of Trump's gonna win Trump's gonna win and you know sort of anything outside Twitter was like No way it's a landslide for Hillary. Yeah, you could just like watch it come together and he thought wow Twitter was ahead of the curve significantly on that I mean they were nine months ahead on on Trump and And So to see it kind of had to happen again with the coronavirus you've seen it happen with some of these other world events It's it's pretty fascinating. I can't get enough of it The only problem is I get addicted to it after a while like man I I spent seven hours on Twitter yesterday. My phone doesn't need to tell me that But how do you use it like how what's your strategy with it? Hmm? I have no strategy You know, I'm not I just go on and tweet when I have a thought Now I jump in the combo If I'm getting tired of it or kind of you know, but on there too long I'll jump off same thing I have literally have no strategy at all Probably could have grown a lot faster if I had some type of strategy or model. I mean Six years into doing this and I'm at 30,000, but it's mostly just been ad hoc. I've never scheduled a tweet I've never had any type of Platform setup or any branding or anything like that. So I don't have a strategy No, it just whatever comes to mind depends on how late at night. It is it depends how deep the thoughts will go But that's about it And how we like because I'm very fascinating, you know, we have a couple of major events in the world right now We have corona which is putting I think they says like a billion people in court actually more now They're doing a federal quarantine in India now 1.2 billion people. Wow. So Modi's like Yeah, I don't know how well-enforced that's gonna be but more or less the statement went out Modi's like, okay quarantine for everybody the billion plus people So we have a billion plus people around the world who's in quarantine We have a massive economic crash right now the SMP in the Dow has dropped 35 points. I'm sorry 35% we had a little bit Bounce today about 11% but I think that is a mistake. This is gonna be a lot of shorters are out there I think we're gonna drop much more and We're seeing a massive economic impact. We are seeing, you know, Boeing shutdown, which that company should be absolutely demolished Well fucking You know, not the company itself, but they should restructure it bankruptcy fire every board member no benefits No severance packages all these fucking crooks out there on and put proper operators. This includes all airlines So, you know, people have a misconception when we like let the company go That's not how it works when we mean by let the company go It's like claim bankruptcy fire everybody and restructure us. So we have better operators So we have this going on. We are probably gonna have the highest Rate of unemployment both in Canada and United States in the fact in the world I was looking at the unemployment rates in Scandinavia like Denmark, Sweden oldy, you know, Western European countries Those are skyrocketing And at the exact same time we're having the crazy chaos with Bitcoin fucking ripping right now and everyone's screaming Store value asset, you know But I would love to know your kind of perspective. Do you have any thoughts about this? Do you kind of predict anything within and it's not like far like a year prediction by short term? What would you see us within like the next three months to six months? Well, first of all, I'm fairly optimistic I think the unemployment rate will bounce back pretty quickly a a lot of the unemployment right now is restaurant servers and bartenders and people who've lost their job because everything shut down and so those will come right back For the most part as long as this doesn't go You know, I heard today Trump said something about Easter I think that's a pretty good cut-off point. I think if he's right and we can get things back running By Easter, I think the damage will be pretty reversible people go out. There'll be some pent up demand People rush out to their favorite restaurants and bars and I think things will recover fairly nicely if we go beyond Easter I'm not optimistic at all. I think I think there's a cut-off point somewhere around there around mid-April where We will see longer-term effects. A lot of these businesses will go out of business So like your favorite restaurant and bar if we're open in mid-April, they're probably gonna make it if it's mid May mid June, they're probably not gonna be back So that's to me. That's I think we'll see the bounce back right now. We're not seeing a lot of corporations cut staff We're seeing a few anecdotes, but what we're not seeing is widespread layoffs We're like what happened in 08 where soon as we had an excuse and a recession Tons of companies like Ford and everybody would just late everybody off. They just they had like pent up They were waiting for an excuse to lay people off. I think corporations have been running pretty lean for a long time The hiring they've been actually struggling to hire. So I don't think we'll see that Big of corporate layoffs unless this goes on Longer than we think it's gonna go on. So I'm optimistic. I think we're gonna be okay for the most part as far as equities It's like playing it's like playing the slot machine right now. Yeah, I just don't know I think today was like a happy little bounce if you you know, if you put some money in yesterday Take it out at the end of the day today and Take your winnings and get the heck out of dodge because I don't know what's gonna happen. They haven't passed a stimulus package yet Who knows if they'll get something done on that front or not and we just don't know what the fallout is from Shutting this entire country down for I don't know what by the time It's all sudden dawn it might be four or six weeks if on that on the You know good side of things. Yeah, so I don't know. I think I think equities have a ways to go still Like a long-term. I'm obviously optimistic. I'm an optimistic person, but short-term I think the damage has been done because most people forget like and Let's talk about North America. So Canada United States. I'm not too familiar with the Mexico statistics But just Canada United States for the most part The most people live paid paycheck to paycheck the average savings for people is about four hundred dollars So the damage has been done for them to recon that that's what is a big Let's say well, how would you call it kind of rally right now for people to kind of freeze rent for at least for a month Yeah, it's complicated, right? Then it's like even you know, they're saying yeah, but like freezing mortgage Well, we called up our guys. It's not really freezing mortgage. It's bullshit It's like I actually paid more in interest. I'm like fuck off. I'm afraid It's a scam like what the fuck yeah more get the fuck out of here Yeah, and so for me. I'm like fuck The event business got shut down early. So we're talking about let's say all the major league players NFL NBA NHL like the major league sports and that affects the stadium that affects that affects the What's called the taxi service there at local restaurants? So people are behind already I think you know three weeks to a month on their salary depend in within that industry So this is this is kind of like a ripple effect when it comes to rent Mm-hmm rent to mortgage mortgage to the bank. So lenders is like up that up the ladder. We fucking go. Oh, yeah I tweeted that out last night. I said April 1st is coming and that's when rent and mortgages and and all that stuff is due And you've got you know, 30 40% of the country right now that hasn't got a paycheck for the past two weeks So are they gonna make rent or they got to make you know make their payments a lot or not You know, some are gonna have some savings and dip into it, but but a good chunk I mean even if say 10% of everybody in the country misses their mortgage or rent payment, we're in trouble, right? I mean, that's that's not gonna be a good situation I think they need to do something From the federal level to give everybody at least a one-month reprieve And I don't mean like you said where you know, they give you a month off But then you owe two months next month, you know, people can't people can't come back from that You know, how the fuck do you come back from that? Yeah, like most people are living paycheck to paycheck aren't gonna make up for this lost paycheck and be able to make two payments next month That's just never gonna happen. You have to really just defer it like For example, if you got a 30-year mortgage and you can't make April 1st payment They just tack the payment on at the end, you know, just fine. Just make my term one month longer That's fine But don't make me make make up two payments next time because I'll never be able to and that's the way most people work It's complicated though because You know on the rent side the mortgage size easy Most mortgage mortgages are owned in some way or backed by the federal government and they could put something in pretty quickly The rent side is trickier So you could give landlords a break on their mortgage, which would be fine And they could pass that savings on to their Their tenants, but what if you don't have a mortgage? What if you own an apartment building and you're not that's there's no mortgage on it and you're renting to Ten people. Yeah, okay What's the incentive for you to give those ten people a break for a month on your rent? How do you do that? We have to have some program in place and it gets really complicated really fast and I don't know if they can come up with something like that. I think it's there's so many complexities and so many You know like or what if you you know, and then you'll get people saying well My my mortgage is paid off and what the heck now I'm not getting any help Everybody else gets help and yeah, you know the same thing with the student loans Well, you're gonna pay off a bunch of student loans for people, but then people like me I'm like well, I busted my ass for five years to pay off my student loans So now what do I do? Don't you see this though if there's a trend with majority of the government programs it It rewards people who make the worst decisions for sure Well, I mean look at it. Look at the general consensus right now is We need help we need to bail out we need somebody to help us, you know This is not our fault. Please help us. Please figure You know what you're not seeing a lot of is well shit This sucks, but I'm gonna make it. I'm gonna make it work, you know I'm gonna make it happen I can rely on anybody to help me I'm not gonna wait for Nancy Pelosi to come up with something that puts money in my pocket I'm just gonna dig in do the fucking work and get on with my life and I think those people that's gonna really separate this Incidents incident will separate the people who are really in it To grind and the folks who are just waiting for the handouts. I mean right now There's people like Amazon's hiring a hundred thousand people, right? Yeah You know, if you're laid off if you're a server or somebody and you don't have an income coming in You can sit around and you can wait and hope things open back up And you know Nancy sends you a check and all that stuff Or you can go out and just apply for the Amazon job and start dropping packages on people's porches Or you can you know go over to Kroger or you know Walmart and stock shows whatever There's opportunities for people and even if you do that and you still get a check on top of it Great now you're twice as far ahead as as the next guy you can throw some money in stocks or something and You can really start a snowball that goes forward and makes your life better So there's a problem with that though and there's a way to fix that actually So I'm not too familiar within the States, but Canada has a horrendous problem with whether it's EI or welfare It's a horrible incentive model. So What what's a percentage for unemployment insurance in the States from your regular salary? Oh Gosh, it's really small. I don't it's not even Sam. Yeah, it's like fixed dollar amount like in Michigan. It's $400 per week Okay, so it's $400 per week. So four times four sixteen. So let's say just under 2k a month, right? Yeah, mm-hmm Now if I start working, I don't get that anymore, right? Correct. Okay. Yeah, and so these jobs that I'm Amazon their minimum wage jobs for the most part. I think so Yeah, I'm not sure. Yeah, give or take like roughly and if they're hiring hundred thousand people Each state has different minimum wage laws. It's not like Canada Canada kind of like a broad thing. Yeah Okay, the minimum wage after taxes is just tiny bit probably more than the 2k that you get, right? So the incentives are so fucked up where the person like why the fuck am I gonna work 40 hours a week When I can collect my sixteen hundred dollars a month and do hustling on the side for cash So the solution to this is in this circumstance Give them both. Mm-hmm. Keep on collecting the EI Until it's done because there's a set period of time depending because you paid into it it's a government program right and Continue doing your work. Mm-hmm for sure. I think that's fair I think any type of package that comes out of this should include Everybody should get some type of relief What regardless of your employment situation because everybody's facing different hardships It might not be employment, but it might be other things You know that you can't really quantify and so You know, I I think there's a lot of things I don't like about the rumors coming out of Washington, but we'll see what ends up coming out They were talking about you know putting a means test on the the payments they give out So if you make over if you make over $75,000 a year as a single person you don't get any of the money and they're basing it on 2018 Income well a lot's changed in two years. I mean, I think we can all attest to that And so you might have had a pretty good year in 2018, but things are tough right now and they're gonna leave you Hanging while the guy who didn't do that well in 18, but still pretty well right now didn't lose his job gets money So I really hope they iron some of those things out. I think it's kind of bullshit that though I think I think that the right answer is you just give everybody money If you're gonna give out money, it has to be for everyone and it has to be the same amount for everybody in that In some ways is progressive in the sense that if you give everybody two grand It's gonna be a lot more impactful for the laid-off bartender than it is for the you know hundred K lawyer and that's fine Right, you can't really discriminate and figure out who needs more money But it's gonna be more impactful at the lower levels for sure and just let it ride I mean they're basically printing money anyway at this point the printing $500 billion in the morning and $500 billion in evening It's crazy in that just you know unlimited. This is all this isn't QE anymore. We've entered MMT Lifecycle we are now in the fact that there's money has no value and the only reason money has values because we force you to pay taxes That's it and we have an army and if you don't pay taxes. Well, guess what? And how do we fix it? I mean what's next inflation after this is all said and done? I mean long term probably will be long long term. There will be inflation Yeah, you're gonna pump this much money into the economy and then especially if we come back fast You'll have a real inflation issue because you won't have lost all that economic growth that they anticipated But you'll have thrown trillions of dollars into the into the economy and and I don't know where that's gonna lead But it'll be interesting to see say the lease. I can't predict where that will lead Short-term u.s. Dollars the strongest asset right now. Everybody wants liquidity everybody wants cash That's short-term. It's the best all other exchanges like the Canadian dollars getting fucking destroyed to the Dollars well, even the UK pound is so the US dollar the best right now short-term medium term as well long term couple of years down the road if this continues and if more policies is just to print money and If we've really if we really have entered the MMT theory Let's say plady. I'm like we actually entered that space right now then it's like Just, you know that hundred dollars that bought you that buying power just add another zero That's how much you need to buy something It's gonna be crazy I mean people are saying there's a bubble in real estate and I'm not so sure about that because I think real estate Might be one of the more stable places right now Land, but I don't know about condos. Yeah, I don't know condos. No I don't know about the in Canada, but condos are a horrible investment in the US Ron is so expensive. Toronto's like San Fran. We have like a for million dollars of ship it ship box I was like absolutely. Yeah. Yeah, I've no I have no concept because I'm out in the countryside of Michigan. So You know, we get a decent four bedroom two bathroom house for like 200 grand. Oh my god That's amazing with a little bit. Is it 20% down or 5%? What is it? You can get like 5% down fuck over here There's 20 though, like first time in the US anyway in the in the residential housing market things will stay pretty good I there's always a demand for places to live And that's not gonna change and especially now. I think People are gonna be less mobile with this whole thing even if we recover pretty quick. I think just overall Travel and and mobility is gonna be way down for a long time. I have an idea for that Canada did this long time ago, but I don't know if economically made sense air Canada did it and It's actually a shame that because we're fucking big country Canada I used to live in British Columbia like we're talking about Sometimes it's faster for me to travel to Europe than to travel all across my own country Well, for sure. Yeah, right east to west right from life So think about like let's say I'm in I'm like in the most east of United States in the Maritimes, you know Yeah, then I got to fly all the way West Coast somewhere all the way to California You guys have much better way cheaper ours is expensive like for me to fly from Toronto to Vancouver on average depending It's seasonal like I would average out to like 600 700 bucks us a flight. It's fucking expensive. That's expensive. Yeah Expensive compared to like if I'm in Buffalo or Detroit, I can go to Florida for like a hundred something bucks for sure I know I Detroit to Florida pretty common route for us and yeah, it's probably 250 That's amazing on a bad day, you know And so what we need to do to encourage travel and mobility which is great for the economy for everybody is The Netflix model Where during the summer obviously because we're now at least the you know northern hemisphere in the United States in Canada Let's do a Netflix model where hey for the summer so we can say may June July August maybe even September. It's still warm For like a flat rate of maybe like 2k, right? Oh, you can travel. Hmm. That's kind of interesting a interesting model Like I would I would go everywhere. That'd be pretty awesome. Wouldn't it? I mean like everywhere. Absolutely. It's like a time-share Yeah Flights I wonder how that would work. It'd be like that. What was that movie ticket thing that went bankrupt? Were they it was a movie pass? It was like 30 bucks a month and you could You could watch as many movies as you wanted, but it didn't it didn't work out as a problem as people have time How many fucking and like it's a cadence issue that the business model so dumb it begin with is like how many movies are coming out That people really like right? It's already a decreasing business where people aren't showing up to theaters except for the big blockbusters Mm-hmm, but Travels complete different people want to travel people have family members all around the world in this case United States in Canada and It if you know, especially here in Canada if it's like very expensive for people travel for six seven hundred bucks If all of a sudden if I average out all my flights that flight comes to a hundred dollars I'm there and I'll be in Vancouver every weekend for a hundred bucks. That'd be pretty sweet I feel like demand going down. Well, it ties into what you said at the beginning of this about Boeing and the airlines, right? I think the airlines are due for a major restructuring. I don't know if it's the same in Canada, but 100% you know, it's been a disaster the last ever since 9-11 really air travel in the US has been a Very unpleasant experience. They went, you know, the security's gone insane and then you've got you know you get charged 150 bucks every time you have a bag you need to check or something and There's all these different rules and it's sort of just a huge pain You can't even pick your own seat unless you pay extra money. All these things I think you know, I think we're due for a whole shake-up of that industry completely I don't know about Boeing. Boeing's it almost like we keep bailing them out because they're basically just like a nationalized institution they might as well just be part of the government because we need an airplane maker in the country We can't allow that to be outsourced. So we just keep bailing them out because we can't do without them So we might as well just nationalize them to some extent, but So but that the airline industry itself is different from Boeing in the sense that You know, one thing that's remarkable to me about airlines is how safe they are Given that it's such a shit show of a model and the margins are so thin I cannot believe that they are able to keep things that safe Like there's a good book on that called black box thinking where they go into how they Analyze the safety factors of the airline industry. It's actually phenomenal. Really. I'll tell you that I'm fascinated by that because they're just so it's the safest way to travel by far Yeah, even though it's such a cutthroat, you know, razor thin margin business Just defies all odds really and it makes you think there's got to be other other industries that can run a lot more efficiently if airlines can do that then other Things can be run much more efficiently, but I look in the future to traveling as we've had this run where maybe not it within Canada as you were saying but In the US and from the US to international destinations We've had this run on travel where it's essentially went from being a luxury item To being a basic commodity like anybody anybody can afford to fly to London or Paris or whatever, you know just about it used to be Reserved only for wealthy people who had that kind of money to fly that now just about it You got college kids on spring break or a glass go to Paris, you know, whatever it doesn't matter and That model I don't know if that's gonna come back after this I think you might see it be a little different, especially international travel might become more of a luxury again But but we'll see you guys will become like Canadians. Maybe You know the funny thing is some people from Detroit here Will actually drive to Toronto to take international flights because for some reason from Toronto Toronto We have cheap international flights cheap international flights But I've heard a few people, you know drive to four hours to Toronto and go fly to, you know I can go to Berlin for like 450 really see that's cheaper That would be the thousand bucks out of Detroit. So you see this is retarded my own country cost me double to fly across But I'm not going over any internet. It's the most stupidest thing. I just don't know I it doesn't logic in my head. So weird. Yeah I hate those long cross-country flights Like I've flown to Seattle a couple times in the last few years and and it's like six hours going that way But like you said if you go nine hours the other way, I'm in Europe, you know It just feels like wow through all that way to go to Seattle Yeah, yeah, so going back to the Corona like what's you actually think this is going to be settled before Easter Easter is what April 14th was something that 1340 I can't remember. Yeah, um, I don't know. I'm hopeful You know, I'm optimistic. I know our president tends to be optimistic and he's the last day or two He's been talking about Easter. I think we'll have some type of rollout By Easter some sort of even if it's a soft opening I would say where some some areas with people who are not at risk and there's not a widespread Illness issue can start going back to work. I really do think we I think we'll have that to some extent You know New York City Some of Northern California, Washington where it's harder hit. I don't know about that like New York City is the real The real wild card is New York City. They got the military man. I saw the fucking I know Rick, what does that even do like the military was even do just keeps people inside? I guess I thought it's a psychological thing Military, yeah, I better take this serious the military just but yeah people on the streets are like they're like this. Are you watching like? Yeah, yeah, I was in I was in Rome a couple years ago and they have like You know dudes with a k-47 is just standing on the street in front of all the the major tourist attractions And that was so weird to me, but everybody's just like taking pictures like selfies with the guys and stuff There's really no presence there whatsoever But yeah, the the COVID thing I I don't know. It's your guess is as good as mine. I think we'll see some soft opening by Easter I'm hopeful that it'll be more than just a little But right now I'm guessing just a little bit will be back online by Easter and we'll see By mid-May. I think a large part of the country back open I think we'll have the warmer weather which is Seems to be holding true that it does kind of slow the the virus a bit and so by mid-May Hopefully we'll be kind of back in business and With the threat looming that in the fall the shit could come back If they don't figure something out in the meantime, but there's the biggest silver lining in this and hopefully Hopefully things and Trump's been talking about this, you know a lot of things I don't agree with him a lot of things I do agree with him, you know, it's not black or white, but one thing I really really agree with him is We got to bring back her supply chain. Oh for sure. How do I like when people talk about like I'm like you guys understand like Your we cannot be outsourcing the fundamental Necessities of a nation To a semi it's a weird allegiance to a semi not really enemy, but frenemy, you know That's pretty good saying our frenemy They control very essential manufacturing the we it's a necessity for us. It's like How the fuck does that make sense? Yeah, I don't I don't like that I don't I think we've kind of let it get away from us over the years because hey It was cheap shit, right? Like man I can just order all these crazy things that there's no way it should only cost me 20 bucks to get this crazy Cheap shit from China, but I'm gonna keep doing it and I'm addicted to it. You know, and that's what we kind of went down This path where It was like an addiction. I think we have to reverse it My biggest fear coming out of this is that we won't learn the lesson Because if things go back to normal fairly quick and there's not so any long-term pain We might not learn the right lessons It has to really hurt to change that. I think people are aware, but When it actually comes down to not getting Their cheap shit from China are people really ready to do that, you know, for example I needed a space heater for my basement where I'm hanging out right now go online, you know There's a you know, great one from Amazon for 80 bucks made in China guarantee it guarantee you if we couldn't get that thing from China Be 200 bucks mm-hmm from somewhere in the US and are people gonna be like okay with that trade-off But it doesn't make me Concerned like for example, could we make an iPhone in the US? I don't know you like we don't we don't have the any of the Facilities to do it. We don't have any the wrong I think people are too used to shit quality like my last business in China I know the Chinese market well and In all honesty, I I'll give them credit for their qualities getting better compared to what it was But you know, I viewed at two fronts. I view it from national security, which we know they're siphon They're IP sealers, you know, they're not really good at inventing. They're good at Innovation I would say sure they're not good at inventing anything, but they're good at innovating all things Right, they're good at making things efficient That are exist and so like, you know, my parents generation they come from former Yugoslavia They're you know party that when Tito was there and it was more or less You had really good quality in this primarily in the United States was same with different yet Good quality products that if a product was broken You brought it in and you got it fixed mm-hmm and so you talk about a heater So let's talk about your Amazon heater for $80. It's gonna It's gonna go eventually mm-hmm for sure and it's not like you're gonna walk down the street I'm like, oh, I'm gonna get this thing fixed. You're like fuck it. I'm gonna go buy another $80 thing Right. You just toss it right you just expect it to be kind of disposable Correct, I get if I get three years out of it. Okay, cool. Exactly So I think people are custom to cheap quality and they're custom to I need to just consume consume consume we've become consumers as opposed to producers in North America and Hopefully this is also silver lining what people realize are and I think a lot of people are seeing this firsthand is like, oh Should I never knew that I never knew all these things come from China Mm-hmm. I never realized like all this is connected. You're talking about like a lot of our medical supplies Lot of like raw materials that we need for production over here come from China really I'm like yes Oh, yeah And so hopefully this is kind of like a zeitgeist where people start focusing on and it's better for sustainability I'm a firm believer in More of like a libertarian City-states as opposed to like a huge and I like United States originally had that kind of idea of the Republic Well, you had states had superseding power over federal But over time the amendments came in and the amendments started eroding federal state-by-state power Mm-hmm. And so if you look at more or less city-states and kind of Switzerland's a decent example with the cantons that they have this problem of of Corona and the problem of the economy today would not happen as is today if we had those systems hmm Yeah, I agree with you a hundred percent. I think that You know, I tweeted this out. I think yesterday or the day before that the great American manufacturing comeback will lead us into the golden age of Prosperity in our country and I really do believe that I don't know when that'll happen if this will be the catalyst I kind of hope I have an idea for that. Yes. Oh good. Go ahead So forget billing out these corporate companies that don't really need a bailout. Mm-hmm Instead what makes North America great is entrepreneurs mm-hmm is Small businesses is people who really innovate at the end of day. There's even the big Fang companies like Facebook Amazon They don't really innovate. They're more or less like Google It's a glorified ad agency that makes his money from ads Amazon's the only kind of company innovating right now with a with hardware No Tesla as well, but more or less all these big technology companies or just software companies that make 90% of their money from fucking ads Hosting servers like an Amazon's case AWS now you look at my ideas this It's much more efficient. So it focuses on game theory focus on biology and focuses on just you get more bang for the buck For the money you spend let's find let's line together the best entrepreneurs of all caliber and No questions asked give them a million bucks Build Just I love I love it. Go fucking build. I love it. I love that idea. Have you ever seen the movie Apollo 13? Yeah, yeah, I mean, that's great classic movie, right? Hopefully everybody's seen it But you know when they give those engineers they give them a box of parts and they say here's what's on Here's what's on the ship now. I need you to make I need you to make an air filter out of what's here That's one of the most fascinating scenes and I think that's sort of true What you know what you're saying on a larger scale is you give the right people the smartest people in the room And you give them some tools and give them some some resources and you say go and they and they'll just figure it out They'll just figure it out and they'll just go right That's like, you know Elon Musk and Steve Jobs have sort of been that mentality of like let's just take what we got figure it out And get something out of this that's going to be awesome I think you can do that for sure. I think the legacy corporations like you said The last thing I want to see is a bunch of bailouts You know billions of dollars thrown at old companies that are that did nothing but buyback stock over the last five years They could have a ton of cash on hand, but nope, they bought back stock All the executives got rich now. They want bailouts. I think that's a bad look all the way around Disincentivizes entrepreneurship and innovation and That's what we need for sure. I think we'll see it I think we'll see it come back in the sense that what the Chinese have been doing in factories for For us for the past, you know, ten years and or more but mostly, you know really ramped up in the last 10 15 years it is production Innovations that we just don't have anymore like we were the first to do at Henry Ford and the assembly line and all that kind of shit Was was awesome, right? Like that's how that's what just got us on the map at the beginning And we are able to get through World War two with all that production And then we stopped innovating once we let it go over to overseas We need to bring that back. We're gonna need the smartest people in the room to figure out how to do what the Chinese have done Because we we're playing catch-up now We let them take it and we need to take it back and we can't like you said We can't have China be the only country that knows how to make a circuit board for a computer because what if they say fuck you? We're not giving you any more circuit boards anymore. You can't have any computers. You can't have any iPhones. Good luck We're in trouble, you know the good thing they depend on us economically right now to buy that ship from them to keep Protect the supply chain like people forget United States has the strongest Navy No, when they even comes close to the states for sure. Yeah. Yeah, I can be pumping out all their shit Their Navy's shit like Japan able to fucking destroy them in a heartbeat. Oh, yeah And Japan's right there and they don't they're not the they don't have the best history between each other And so like you have all these ships leaving China But if the United States wasn't protecting that supply chain those ships would fucking go nowhere true very true They need us for now Yeah, we'll we'll see. I'm optimistic though. I'm hopeful. I think we'll get we'll see some good things come out of this Me too. Awesome. Mark. I appreciate it so much coming on the show sharing your thoughts Working people reach you. I know you're prolific on Twitter. It's Twitter the best place Yeah, Twitter is about 99% of what I do. It's just Mark Allen Bovara Twitter Are on Twitter there and you know, you can look for me I got some links to stuff in there and I do a lot of personal finance Stuff where I talk about personal finance issues for people and that's really what I want to do is help people get their finances straight And so if you want to get in on that, give me a follow Awesome. Thanks mark. Thanks a lot