12:00

probably going to start playing out

12:02

more regionally. And the reason I

12:04

say that is because while there

12:06

was some speculation this cycle that

12:09

does remind people of 08,

12:12

there also is just a different macro

12:14

backdrop than we had in 08. We

12:16

had high inflation, we had interest rate

12:19

hikes, and most importantly

12:21

of all, and I'm sure that you're well aware

12:23

of this on this channel, we

12:25

printed trillions of dollars

12:28

in the wake of COVID. And that

12:30

money permanently settled in a

12:32

lot of assets, and

12:34

it's not going to revert back

12:37

to pre-pandemic levels. We just have

12:39

more money in the

12:41

money supply now. So it's, we did

12:43

not do that in 2005, 2006, 2007. We did

12:48

not spend and print that

12:50

level of money that we did this time. So

12:53

I think a lot of areas that

12:55

have tight inventory still are

12:58

going to be relatively safe, particularly in terms

13:00

of like a crash scenario, because this is

13:02

simply a lot

13:04

of money supply chasing limited assets. And

13:06

if you're in a place like California,

13:09

where they're not, I think San Francisco

13:11

recently just permitted one unit of housing

13:14

last month. One, if you're

13:16

in an area like that where they are not creating

13:18

more assets, and there's

13:20

more capital chasing those

13:22

assets, you're just not going to

13:24

see prices come down. Amy,

13:27

have you seen the viral

13:29

clip from, there's a politician

13:31

in Canada, Pierre Poiliev, and

13:33

he had this amazing clip

13:35

where he talked about how

13:37

much money from building

13:40

a house just goes to paying fees

13:42

and essentially bureaucrats. It goes to the

13:44

government side and nothing productive. It's not

13:46

the actual people that are pounding

13:48

the wood in and the nails in

13:50

and actually constructing the home. It goes

13:53

into the bureaucracy

13:55

pool. Is it the

13:57

same, do you know, here in the US? These

46:00

hangouts are awesome. Please keep them

46:02

going. I love reading and replying to

46:04

your booth. So download fountain on iOS

46:06

or Android today and make sure you

46:08

subscribe to coin stories. This

46:12

show is for educational and entertainment purposes

46:14

only. Nothing should constitute as official investment

46:16

advice and you should always do your

46:18

own research. My inbox is open. If

46:20

you want to share feedback or guest

46:23

suggestions, you can reach me at Natalie

46:25

at talking bitcoin.com. I'll see you next

46:27

time.