lly at? It's mostly going to be foreign governments who are parking money that they didn't need. Am I wrong? You wouldn't put it there unless you didn't need it. That's the place you put the money you don't need.

So this is the most provocative question in the country. But what would happen if we just said we're not paying it back? Who would be out? It would be people who didn't get back the money that they didn't need. Because if they needed it it wouldn't be there in the first place. Now they would become instantly poor. You know their buying power would go down. But you might even be able to work it out so there's some gradual payback or something.

All right now let's take a hybrid. How about we say we're not going to pay you back in dollars. We're only going to pay you back in crypto that we just made up. And if you don't think it's worth anything, well maybe it is worth something because we'll take it in payment for taxes. So you can always exchange it to somebody who wants to use it in payment for taxes. You might have to give up 5% just for the convenience or something but you'll basically get most of your money back. And you'll get it back in the timing you were going to when the vehicles mature. Maybe you'd have to limit how much they could sell right away because you wouldn't want people liquidating the entire trillions and trillions. You'd want them to do it in an orderly fashion.

Now that would, the effect of that would be to inflate it away, right? Because if you introduce this new money out of nowhere it's sort of creating money out of nothing. If you pay back all the loans you've added money to the system. But you would be adding it in a fairly orderly way. And it would eliminate what is close to a trillion dollars a year in interest payments. Which by the way still leaves us with a trillion dollars a year deficit. We're still adding to the debt two trillion a year. That's the new numbers. If we took all the debt out, all the interest payments, it would take a trillion dollars off of our budget and we wouldn't be anywhere near a balanced budget. Only halfway there.

Now if we got down to 1 trillion deficit and somehow we magically took care of the 35 trillion that's already out there with some kind of crypto magic trick, could you survive with a trillion dollar a year deficit? No, no you couldn't. No you can't. You would have to do something still radical to make that go away. Now radical could be growth. You know for example you could easily imagine that Trump comes in and he says I'm not going to raise your taxes but I'm going to raise taxes on robots. Now the public wouldn't even quite understand that. They say look the robots are going to take your jobs and anybody who can afford to have a robot is rich. So if you buy or sell a robot there's going to be an extra tax on there or maybe even an ongoing tax on robots. And that tax will help us get rid of that deficit. Because a robot in theory should be so much more productive that you c