Daily Bell: Good to speak with you again. Let's jump right in by reminding readers you see the world in part through what is sometimes called the prism of empire. This refers to the belief that the behavior of governments is best understood as the attempt by unfettered politicians and bureaucrats to dominate others. You believe the decline of the federal government's global empire is the lens through which investors must look at the world – at least partially. How do you define an empire?