Regarding the recent Podcast: US debt fears overblown US debt is high, but not unsustainably so (compared to global economies) A more relevant concern may be focused on the appetite or ability of investors to buy the quantum of debt being issued by the US government. Foreign investment in US debt has declined China and other central banks have been buying gold US treasury auctions are historically large ($125 billion on auction this week) As investors how do we position our investment portfolios for risks related to spiraling and unsustainable debt levels by our government: Resulting conditions will likely consist of high inflation, high interest rates, higher taxes, slower economic growth Real assets tend to perform better. Gold, real estate, aviation assets. Better to have some leverage Tax efficient investments (such as real estate and aviation assets) Current market trends Latest FED outlook Interest rate outlook