sorry. So what's happening with the credit card debt as people are now at a point where they're they burn through 90% of their savings or more, I mean, that says August they burn through 90% of their savings, and they're starting to live on credit. And they still have another 2 billion $2 trillion of credit that they can access and thereby doing things like buying groceries and, and living day to day on their on their credit. And at the, you know, in the near future. Once they burn through all their credit, what do you think they're going to do? They're not going to have the capital to be able to pay it off. They're going to walk away from it and who's going to end up having to foot that bill. That's going to be us and us. as taxpayers are gonna end up subsidizing all those costs. And so, the reason we got here, just to cut it short, is that the, you know, the federal government was was incredibly reckless in printing massive amounts of money. That was you know, had no backing it was it was just effectively causing massive amounts of inflation. You can't print that much money, put it in circulation without having something, some goods and services to support it. So now we printed all this money, and at some point we got to pay the piper, and that's why inflation now is skyrocketing, and why interest rates are going up. And then of course, we all know that how the cycle goes. So you know, our interest rates go up, and then our our mortgage rates go up and then housing affordability goes way down. And people say, Well, I can't I can't, you know, sellers are saying, well, I can't replace my 4% mortgage so I'm not moving anywhere. I'm not selling inventory goes down and and the market basically ceases to function. In economics, the the the health of a market is correlated to the velocity of capital. So how much capital is trading hands is indirectly correlated to how much you know people are are psychologically feeling rich or not rich. If people are starting to hold on to hold on for dear life and not spend money and they're they're buying things on credit and they're they're worried all sudden the economy comes to a screeching halt and everything tanks and that's kind of where we are now and that's why we're seeing our default rates skyrocket. So that leads us to the banking crisis, which I want to I want to touch on so we have we're all on the same page, and then we'll get into what we do about it. Our banking system is a is a flawed system because it's based on a fractional lending model. And if you guys have already covered this in your meetings, I don't need to go over it. Because I don't know what you guys have talked about before but the way the fractional lending model work Stop me if you've heard this, I don't need to explain it. But the fractional lending model works that the the banks will borrow money from their depositors. And so these deposits go in as kind of short term deposits and then they're they're taking, like 90% of that money and lending it out on these long term loans. Right. So the the bank is effectively holding long term assets, those loans or making long term loans while funding those short term liabilities. As deposits. And so, if I come to you and I say look, I'm gonna borrow, you know, I'm gonna lend you $100,000 You say Great, thanks, I'm gonna you know, I'm gonna pay you 1% I turn around, then, then you turn around lend it out at 5% You you're making money, but then if you lend out the money and I come to you and say, I need that money back, and you go, sorry, I lent it out. I don't know what to tell you. That's called maturity mismatch. So comes where these, these borrowers come in, I'm sorry, the depositors come in. And they say, well, we need my well, I need my money back. And the lender goes well, I let the socks on for 30 years, and I don't know what to tell you and that's what creates a run on the banks. People get nervous and all sudden, there's a depositor says he can't get his money, he starts talking to his friends and people get nervous. And then the depositors all say, well, we all want our money back. And that's really what happened with signature is that it was a it was a capital call. It wasn't that they were they made really bad loans. Their loans are fine because I've gone through all of them. It's that they they got stuck in a you know, a capital call that they couldn't meet. So the fractional lending model is kind of a broken model. I mean, it's the best model we have to date, but it's it sort of creates issues. And the other part of that fractional model, which is lending model, which is interesting is that these banks, they can only lend a portion of whatever they have on deposit. So if they have, let's say, you know, call it a billion dollars on deposit, and they've lent out $900 million, and then they they have their depositors put that money, hold that money back in their accounts with that same bank. Then the bank goes oh, we can lend on that money. too. Right. So they start building this pyramid scheme, where they have multiple loans that are, you know, that that are building on each other and every time someone takes money out, and redeposits in their bank, they then reload on that reload on that reload on that reload. So it becomes a house of cards and as soon as it gets to a tipping point where a couple of people have said not a couple of people but a certain percentage of the of the borrower say hey, we need our money back and the bank goes, oh, sorry. And we don't we don't have it. We don't have the liquidity. The bank fails and it creates a run on on the on the bank. Now, the question that leads us to this question of like, why are banks why can banks do this? Like how do they balance their sheets that in a way that the feds allowed them to, to operate like this? Well, the Feds understand the theory of loss of capital and that's the that's what makes the most money makes the world go around. So the, the, the these Sorry, I lost my train of thought. Let me just go back to the wasn't gonna say about the fractional lending. You second.