[nocoiner]

I guess I have a few questions.

1. Why are returns on equity inherently favored versus returns on debt?

2. How is new money created as productive capacity increases?

3. How are you going to have an efficient stock system when every transaction requires immediate settlement?

4. Why do the securities regulators need to go away in a hypercharged securitized society?

5. How are people borrowing hard currency in their road to serfdom? I thought there was no debt?

6. When you say debt is the same thing as equity, are you saying that in a stylized Modigliani-Miller sense or do you literally think debt and equity get similar treatment in the capital stack?

7. Do you realize that everyone debt is someone else’s asset?