No, we actually lose money on really controversial stuff. We can actually see it.

That's not true. Holy shit, what? That's not true. How could you even make that claim? That's absolutely not true. That's such an insane amount of money to pretend disappeared. That's absolutely not true, but the specifics of it Alex will get into a little bit further down the road. Like billions of dollars disappeared in Iraq. Like, yeah, I get that. Five trillion dollars is enough to bankrupt all of us. Short version of what he's talking about, just like to give a little bit of context. I promise we'll get more into it, but he's conflating the bailout $700 billion with funds that were lent by the Federal Reserve to other banks. So there's trillions of dollars that are being lent by the Federal Reserve, and he's pretending that money just went missing when it didn't.

Consider that $26,000 for one person at one event. Well, if you multiply $26,000 by $1,000, you get $18 billion, right? I guess so. That sounds right. Seems like dumb money.