If you see the 30-year at 6%,

it is the beginning of a death spiral.

We are supposed to be in the middle of

an enormous financial build-out to

support AI. And if you go all the way

back like 100 years, the Industrial

Revolution, the Grand Bargain, all of

this stuff, the United States government

was the balance sheet. They are the ones

that were able to step it.

And unfortunately, because of its

financial situation, the US government

is not able to do that. That's why,

thank God, we have companies like Nvidia

and Google and Microsoft and Meta and

Amazon who take on that burden. There's

so much chirping, by the way, on the

internet about the balance sheet of

Nvidia and blah blah blah. And I think

people completely miss that these guys

are putting the entire US economy on

their back.