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And joining us now is our guest. He has as I mentioned at the

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beginning of the program, he's a
Chilean German lawyer with a master's and investments.

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He is a director of the Friedrich
Hayek Chair in Santiago, Chile.

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He has been a visiting scholar in
Stanford University's Hoover Institution. His opinions have

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been published by The Wall Street Journal, The Washington Post, Quillett Forbes,

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Newsweek, Washington Examiner. But he's
had a lot of influence in Latin America.

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And when I saw this book here, the book that he's written is

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called The Street Economist, best selling
book in Chile, Spain and many other

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Latin American countries, currently being published
in five different languages, and now it

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has been published in English. And
when I saw that, I wanted to

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talk to him about it, as
it is The Street Economists, fifteen economic

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lessons everyone should know. And I
really as we look at this guy who

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just finished in the Primaries and Argentina, Javier Malay, I thought, well,

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you know, it's I wonder he
was, you know, a Ron

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Paul type of libertarian terms of his
economics. And we got to get rid

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of the Central Bank and the problems
that it's caused anything. And when I

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saw this, I thought, well, maybe he's one of the many,

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many people in Latin America that have
read this book. You know, when

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the Wall Street Journal does a piece
on Javier Malay, they just talk about

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his hair snob. But I would
like to know what was on his mind.

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And regardless of whether or not he
was influenced by this, this looks

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like a very good published, a
very very good book. So joining us

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now is Alex Kaiser Barns von hohen
Hagen. Thank you for joining us,

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sir, thank you very much for
having me. It is a very interesting

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to see this, and we really
do need to have some economic education in

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all these countries, and I don't
know, perhaps more so in America than

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even in Latin America because we've been
so miseducated and disinformed in our school.

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So it's great to see something like
The Street Economists. But let me begin

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before we start talking about what's in
the book. Do you have any idea

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if if your book has had some
influence with have your Malay, or if

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I'm pronouncing his name correctly, or
certainly perhaps with the people who voted for

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him. What do you think?
Well, actually, have you had me

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late presented my book in Argentina last
year? Okay, well that makes sense.

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I could see the connection there.
So he presented it right, and

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he thinks it's one of the best
books that has ever been written, aside

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general Introduction to econics for general public. Okay, I have to make a

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disclosure there. We are good friends, brothers, you know. I'm so

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to speak. I've been doing the
same thing in Chile and other countries in

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America that he has been doing in
Argentina, and he cites my books in

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interviews on television and so on.
So I now, how about actual in

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Argentina as well? Well, then
my hunch was correct. That's good.

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I'm glad to know that, because
I really would like to know what is

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on his mind and not just how
he styles his heir. That's that's the

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Wall Street Journal. Don't you think
that they would want to talk about his

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economic theories? Because so they don't
want to talk about his economic theories.

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We're going to keep people on the
dark about that. But you have much

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to say about what is wrong with
our centrally planned economy and why socialism is

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so ingrained in the younger generation,
and how do we fix that? More

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importantly, how do we fix that? I think the problem is economic illiteracy,

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and it has always been the problem. If we remember the great economists

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a little bit von Missus in the
early twentieth century, he was saying that

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if people understood basic economics, you
will have socialists around. Because in order

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for people to believe all of this
nonsensical ideas which sound very attractive, we

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have to accept that you need ignorant
people who don't understand anything. And you

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know, I have spent a lot
of time in the United States and most

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German, and I have also been
spending a lot of time in Latin America,

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and I see the same problem everywhere. It's most people don't understand economics,

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and especially young people, it's seduced
by the messages they see on television,

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by the Paul Kruckman's of the world, and by the Stiglits of the

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world. By the way Stiglitz has
done an awfully of Latin America, supporting

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all our socialist dictators. It's unbelievable. I wrote an for the Washington Examiner,

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and so I wrote the book because
I thought, you know, I

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have to do something that people can
read about economics without the math, without

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the graphs, without all of this
Jergon. That's for specialists. And it

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became a best setting book everywhere,
and now even in Mongolia. They went

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to publish now in Poland, now
also in Russia and different countries. So

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I think, I, you know, I hit a nerve, like we

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say in German, because there was
we were lacking something like this for explaining

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very simple attempts to to the general
public. Oh that's great, because you

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know, growing up, even being
in school fifty years ago whatever, they

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never taught economics to us. We
didn't get economics until we got into college.

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And because you said, there's things
like math involved in it. So

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if you've got something there that is
accessible to people without math, explains the

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principles to them. I always had
a big issue where we were taught and

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when we had economics, we were
not taught missus or high We were taught

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Kanes. So Kanes, you know
the idea that you know, the money

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that the government spends, that there's
no basis and reality that that it's never

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going to come crashing down on anybody. But you know, you have to

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manage your own personal stuff, but
the government doesn't have to manage it stuff

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that kind of nonsense. And then
always never really set well with me,

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even with all the math and the
handwaving, that never set well with me.

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But you're setting up with us.
As you explained fifteen economic lessons,

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everyone should know. It is really
set up without a lot of math and

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general principles. Is how I was
explained, right, tell us a little

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bit about that. Let's say,
on positive economics, it means I describe

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how how the world works with zero
math and not even a footnote. So

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it's in hundred and twenty pages.
I explained, for instance, price theory.

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In a couple of pages, I
explained what capital is and how capital

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is formed, and why is it's
good for society to have a lot of

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capital en rich people, And on
the other way around, I explain,

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you know, free trade and why
is it, why it's important, and

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a theory of innovation. All of
that with very very simple examples. It's

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what miss is called us all economics. You start with the individual and you

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know a party economy, and so
you can explain, for instance that prices

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are not formed because you have money, they are formed because you have exchange

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and even in a right parttery economy, you would have prices. And so

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this is a very basic idea that
many people don't understand really because I mean,

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no one teaches teaches these things and
nowhere. I didn't learn anything about

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economics at school or university. I
had to learn it after I had you

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know, I was you know,
my masters and PhDs. So this type

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of things have been have become very
popular also among different social classes, which

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is important as well. I'm unchilia. This book has sold over fifty thousand

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copies in a year. It's it's
the most old book in economy, I

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mean economics book in history, and
it contributed to create a reaction against our

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current artist government. We have a
communist government right now in Chile, and

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it was crucial in defeating the constitutional
experiment that we had last year on September

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four. All these efforts that many
people did, including me. And so

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if you change how people think,
then you change the politics of your country.

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And the problem we have is at
universities and media and all of the

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different instances that you know, give
credit to ideas are controlled by hardcore leftists.

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And so what do you expect.
I mean, of course, the

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popularity of socialisms rising in the United
States among the ends years, and also

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in Germany and other countries. They
don't nothing, They know nothing about the

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history of communism, they don't nothing
about socialism. I have been spending all

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of my energy in the last ten
years fighting against socialism in Latin America,

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where you see Argentina with one hundred
and fifty percent of inflation rate right now,

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the ruined country that in eighteen ninety
six it was a very liberal country,

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had the highest per capita income in
the world, and now it's it's

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a it's a really an example of
everything you wouldn't do. It's it's a

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disaster, a complete mess, almost
fifty poverty rate, and it's it's it's

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one of the richest countries in the
world that we can go on with men

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Azuella and other country I mean.
And so it's very very key thing for

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people to understand, isn't it that
it can happen to anybody anywhere, you

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know, especially in America, would
never happen here, and yet it is

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happening here. As you pointed out, it's this different social class, and

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I think it really goes back to
Antonio Grahamsey's idea of the march through the

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institutions and you know, taking over
the institutions. And it's pretty clear that

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they've taken over the institutions, educational, academic institutions and a governmental, corporate

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institutions. They've all been taken over
by these leftist, socialist Marxists, whatever

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you want to call them. But
it's also when you look at it,

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it's like, you know, Pete
Booty Gay which is my nickname for him,

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our the Department of Transportation guy.
His father spent his entire life pushing

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the teaching of Antonio Gramsey, teaching
it at Notre Dame. So these people

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really understand what they're doing. We
just don't understand what they're doing. And

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they don't want us to understand the
consequences of this. They don't want us

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to understand economics. And that's a
key thing. I think. It's interesting

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you said that the book is only
one hundred and twenty pages. Is that

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correct? Yeah, it's correct.
I mean I wrote it and purposely,

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you know, a purpose very short, because people didn't read five hundred pages.

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At one hundred and twenty pages,
fifteen lessons each lesson like an average

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of four pages that you can read, and so it's very very easy,

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and it's at Fideli. I mean, it's also recommended by very important economists

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in the United States are Casey Mulligan
from Chicago University, Dedri McCloskey as of

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from Chicago. Then you have Big
Graham really loved the book, and you

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have other Stephen Moore and other people
recommending the book so well. I can't

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wait to read it. Usually I
read a book before I interviewed somebody,

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But when I saw your bio there, I figured that you had to have

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something to do with Javier Malaya unless
you know, are certainly the people who

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voted for them, you know,
would have seen that. And that's the

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key thing. You when we talk
about being able to condense it to one

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hundred and twenty pages, If somebody
really understands a topic, that's the difficult

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thing is condensing it and explaining it
to people concisely. And if you really

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do understand it, you can explain
it concisely. And so that I think

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that's a really powerful thing. That
it's such a short book and so many

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different lessons in that short book without
math, accessible to everybody. It's something

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that everybody out a half, especially
homeschoolers, I think, should definitely get

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this for their kids. Yes,
I absolutely agree, and I see how

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this is changing minds in Spain,
in Latin American, Argentina, Chile,

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Colombia and different parts. Now it's
in Germany, it's being a success also

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the book because it has been published
in German, and so I think in

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the United States it will make a
crucial contributions for young people and other people,

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you know, under basic economics.
And it's part of the battle of

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ideas that Hi was talking about all
the time, and it's I've read Grumchy

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in you know, I've spent a
lot of time reading him, and I

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am glad you're mentioning the Grumchy because
not many people in the United States,

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not even people who are trying to
defeat the Left, knows about Grumchy.

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And this is the most Lettle Marxist
thinker that has ever existed, in my

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opinion, because he really understood that
it was not about the violent revolution like

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Marx and Lenin thought. It was
about, you know, colonizing people's minds.

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And when you do that through the
march, I mean using this long

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march through the institutions. Then the
system will fall apart on its own because

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people will will not want to have
the system in the first place. They

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wanna, you know, will want
to have something different. It's like what

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you've seen now with the Woke movement, like the people trying to reply as

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a national anthem, people hating the
flag, hating the ideas of the founding

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fathers. That's if they are successful
with their cultural revolution, and then you

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lose the United States. And if
you lose the United States, the States,

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you lose the whole West. There
is no other place, you know,

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where we can go or that could
help, you know, countries that

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are being ruled by socialists, and
so I'm very worried about the United States.

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For me, it's the key battleground. And that's why I was,

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you know, so happy that it
was published in English, because I want

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to join the fighting. I want
to convey this message. I've lived in

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Germany and i know how socialist sin
think in Latin America, and I've seen

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so many countries being ruined by leftist
ideas and eat Chile, which was the

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most prosperous country in Latin America.
Yes, thanks thanks to the Chicago School

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you know of economics and people they're
Friedman and Harburger and all of them.

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They came, they made the reforms
and until it became the most prosperous country

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in Latin America. And now we
have this Marxist regime again that is destroying

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everything. So why would you do
that to your own country in the United

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States. And we can't afford to
lose, to lose destination. So well,

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it's a con and you have to
know what you know where the things

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are late. Let's talk a little
bit about you. You talked about the

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fact that in Argentina one hundred and
fifty percent inflation that has happening there.

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So what causes inflation? Well,
it's very straightforward. It's the printing of

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money in order to you know,
found the physical deficit in Argentina. And

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it's I think it's the same for
it for every country. This is a

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law of economics, and and of
course you have it in the United States.

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It's not the but in Argentina.
But you know, the problem is

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that they started to destroy their free
market institutions a long time ago and solve

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the problems that they were creating due
to this new government intervention. They tried

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to solve it with more government in
their intervention. And what happened was that

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the more problems the government tried to
solve, the more problems were created.

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And of the spiral of interventionism,
and in the end you have a country

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that this has completely destroyed its base
with its productivity base, and then there

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is no growth, and then you
have more social problems, and then you

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have to spend more, and then
you you take a lot of debt in

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order to give people things for free. And at some point people don't lend

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you more money anymore, and so
you have to go to a printing press

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and you know they are running hot
twenty four seven because you need to get

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money from some place. And that's
how you end up with fifty percent poverty

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rate and one hundred and fifty percent
inflation rate, and you have six million

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people who are starving to death because
they have nothing to eat in a country

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that produces a food for four hundred
million people. Because one it's probably the

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most productive soil in the world.
Yeah, and it's a huge bit.

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But socialism ruins everything. And now
Jabir Melay, what he's really attempting is

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as sort of a revolution in the
classical sense. Going back to the roots

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of Albertian classical liberalist. Alberti was
a founder of the eighteen fifty three constitution

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in Argentina. He was a classical
liberal who admired the founding fathers Thomas Jefferson

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and James Madison and and and he
was very much inspired. But they by

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their ideas and following this American more
of freedom, Argentina became the wealthiest country

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in the world at some point.
Kay, this idea was work everywhere,

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and then you had Pern and the
collectivists and the Keynesians and the socialists coming

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in and then they destroyed everything.
Yeah, and of course you have to

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have part of the business lads profiting
from this, because you know, they

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get subsidists from government, they get
brought us for import and exports, they

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get, you know, all sorts
of benefits from this crony capitalist system or

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pseudo capitalist system, fascist system they
have there. And they support the Paronness

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and Kishners and this type of course
people in the world. And this happens

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everywhere, not only in Argentina.
And you know, when I look at

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American culture, what most Americans know
about Argentina is Avida. You know,

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they celebrated it as a like a
Broadway musical, Don't Cry for Me,

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Argentina. They made a celebrity out
of these Marxists that destroyed that country.

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And that's about the only thing that
most Americans know about Argentina. And again

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that's because you know, our institutions
have been taken over by the Marxists,

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and so they're going to celebrate other
Marxists there, you know it kind of

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it kind of reminds me. You
know, you're a street economist. I

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think you're kind of the Thomas Pain
of Latin America. You know, as

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Thomas Pain changed minds in America at
the time of the revolution. Is common

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sense and explain things. I think
that's the power of a book, the

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power of ideas to change things,
it really is. Yeah, Thomas Pain

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is a great inspiration. I mean, his common Sense a book or bauntlet

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was so decisive in you know,
igniting the American Revolution. And I really

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believe in the power of ideas.
I've seen it myself. We have created

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a movement with a million followers in
Latin America. I've become very popular in

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different countries in Latin meericalls on Spain, and when I'm in Florida in Miami

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walking around, people stopped me because
you have all these this my event's coming

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from it, as well as keeping
socialism more Argentine, our different parts and

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they all know me. And so
it's fascinating to see how you can really

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win this war if you have enough
people fighting it. And you have you

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know, you are engaging in this
battle of ideas and and and that's why

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I wrote this book. And we
have many people on our side, on

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our camp, but they write papers
for journalists and no one reads so and

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they don't go like That's why I
like misdem Freatman so much, because he

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would go to television, he would
do free to choose, you know,

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he would go and face all the
socialists. And you have now very good

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pre market economists, maybe not as
charismatic as Freatman, but they prefer to

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stay in the Ivory Tower and write
these papers. And that I think is

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not really contributing a lot to changing
how people think. We need more public

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intellectuals doing this stuff. And I
know that, you know, professional economists.

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If I wanted to get tenure my
book would be useless for that.

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But you know, I don't care
about tenure. I get about I care

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about having a world where we can
live in freedom and we can have prosperity.

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I've seen too many countries in my
lifetime being ruined by socialism. Yes,

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Venza is an example of that.
I used to go to Venezuela when

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it was still working and now look
at it, it's horrible. And Argentina

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the same thing. I remember going
to Argentina when the peso was one to

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one with the dollar and now like
that, almost seven hundred pasos per dollar.

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But the development it's massive. So
this can happen very quickly. So

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I hope that that countries like the
United States and learned a lesson and don't

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don't go down the wrong path.
Yes, you were saying that, you

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know, fifty percent party right.
Do you have any idea what the median

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income is in Argentina or even the
average you know average? I don't.

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I'm not sure, but I can
tell you that, for instance, if

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you are a lawyer working for a
big law firm in is one of the

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best law firms, you are made
probably five a month. Wow. Wow.

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Yeah, So it's very cheap.
And I go to Argentina a lot,

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and because they because they have capital
controls, you have to bring cash

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with you and so you exchange it
in the parallel market, the black market.

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They call it the blue market.
Yeah, they call it the blue

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market. It's very funny. And
it's to pay for services is so cheap.

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I mean, it's it's insane.
Other things that are expensive, but

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services people. You you can have
someone a you know, a cleaning lady

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or someone you pay like five dollars
per hour, three dollars per hour.

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It's like, it's like it's very
sad because young people are leaving in Argentina

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and they are going to Europe.
Many of them have Italian passports, so

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they're going to Italy, Spain,
and a lot of them are coming to

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the United States. If you go
to Florida, for instance, in Miami,

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you goot all restaurants, many restaurants, you speak to people, and

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there are all Argentinians who are working
as waitresses or you know, bartenders or

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whatever. They have started. They
have to study architecture or law or economics,

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and they are working there because they
make more money doing that than working

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in Argentina. Wow. So so
it's very sad to see four generations being

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destroyed by by these you know,
very harmful ideologies. Yeah, when you

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talk about the downward spiral of you
know, the government comes in and it

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creates a problem, and then people
turn to the government to create the solution

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of that, and it just that
creates this nowward spiral. One of the

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things that concerns me is what I've
seen in my lifetime that used to be

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a hallmark of the left, to
think that the government is going to solve

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our problems, that is now been
embraced by conservatives and by the right as

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well. And so you know,
now with all this focus on you know,

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it's this mindset of centralized control and
we just need to It's not a

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problem to have centralized control. We
just need to have the right people pulling

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the levers in Washington. So we
need Republicans. We need Trump in power

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instead of Biden or whatever. And
that's that's what the Republicans have bought into.

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And so you can't even have a
discussion with people anymore about policies or

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about the flaws of particular candidate or
president because I said, well, who

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do you want to be president?
In other words, who do you want

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to do centrally controlled command control economy, you know, And that's a very

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scary thing. That's one of the
reasons why book like yours is so necessary.

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People have got to get out of
this mindset that we're looking for the

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benevolent dictator. No, we're not
looking for a dictator at all. We

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don't want to have a czar who's
going to control our economy from Washington doing

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Yeah, that's with you up in
Russia either way, and like that.

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And I think that's the problem because
the lesson of the founding Fathers has been

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forgotten. If they try to devise
a system of government that would not enable

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good people to do as much good
as they wanted if they had power,

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but that could prevent evil people or
stupid people from doing all the harm they

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could do if they had a lot
of power. And this should be at

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the heart of all you know,
I would say conservative or classical liberal people

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because or movement or philosophy, because
as you say, this has been forgotten

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and now we are in the in
a world, in the worst world,

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because you know, if you create
structures that enable the concentration of power once

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you are not in power, you
have loaded the weapons for your enemies.

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You know, it's unless you you
think you are going to remain in power

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forever, which is impossible. And
even if you if you could do it,

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it wouldn't be healthy, it would
be horrible. At some point you

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would generate problem into a tyrant.
Then unless you believe that you will have

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these weapons loaded for your enemies once
they come into power. And so that's

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why it's so dangerous, this mindset
of centralized planning and control. And it's

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getting worse and worse with the war
against GOSH and the CB disease and the

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new technologies of that are being put
in place in order to control us.

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All. We are resembling China more
and more in the West, and no

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00:25:38.839 --> 00:25:42.960
one seems to care a lot about
this. And and that's horrible because we

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will end up living in a you
know, sort of dictatorship, digital dictatorship

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with a human face. That will
be the difference will be in the end,

337
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it will be the same thing.
Yes, and you are yeah,

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all these people pushing this agenda,
the World Economic formul Al and other Yes,

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I agree that that's the big threat. CBDC central bank, digital currency.

340
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It is a it's not so much
a form of economics as it is

341
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an open air prison, which is
the way they design it. But I

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00:26:12.039 --> 00:26:17.880
like what you had to say about
a system that designed by the founders,

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that a good person can't do as
much good as they possibly could, but

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it prevents an evil person from doing
that. That's kind of a corollary to

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what I've often said about the Justice
department, a justice system, that you

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00:26:29.960 --> 00:26:36.519
want to make sure that whatever tactics
you use against really bad people, you've

347
00:26:36.519 --> 00:26:38.519
got to be careful about that because
those same tactics will be used against good

348
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people. Those two things kind of
works as a corollary that that's a great

349
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one. I've not heard that before
about the power of the presidency, but

350
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that is absolutely true. Talk a
little bit about the idea of social justice,

351
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because it seems to me like this
is fundamental to the marketing of Marxism

352
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today. I wrote a book many
years ago, it's called The Tyranny of

353
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Equality, which was a best selling
book in different countries. It's only in

354
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Spanish, but social justice. It's
a mirage that that's the expression that used.

355
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It's a fallacy and it's being used
by politicians all over the world in

356
00:27:18.920 --> 00:27:25.359
order to justify the growth of government
that means the growth of their own power,

357
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with the pretense that they're helping other
people. It's a fallacy because it

358
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is you know, it's based on
the assumption that the results that you get

359
00:27:37.079 --> 00:27:45.839
in a free market system where people
make decisions on their own you know about

360
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what, you know, how they
want to spend their money, and where

361
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they want to work and things like
that, that these results are somehow how

362
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unfair or unjust. But since justice
is an attribute of human action, when

363
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you have a spontaneous order like the
market, producing certain results, the results

364
00:28:04.839 --> 00:28:11.200
cannot be unjust by definition. I
can be unjust if I attack someone and

365
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I destroy someone's property, for instance, But if you have a lightning that

366
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destroys your house, this is you
can't say that that's unjust. You can

367
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say that's that you know, bad
luck maybe, but it's not unjust because

368
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there is no human intention or action
that created this or cost this destruction of

369
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property. And it's the same with
the market. It's a little bit of

370
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complex idea, but social justice in
the end is being used in order to

371
00:28:41.799 --> 00:28:51.200
redistribute a lot of wealth and to
make government grow and grow and destroy the

372
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pre market system with the excuse that
you are bringing furness and justice where you

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cannot find it. And in order
to do to achieve that, you have

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to restrict economic freedom and personal liberties
in the extreme. If you if you

375
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go all the way with a social
justice you know aim, you would have

376
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a totalitarian system. Because and there
are actually people who have written this,

377
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how will you aqualize all opportunities?
For instance, if you really argue that

378
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it is andjust that you have an
equal opportunities because some people have more money

379
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to pay for better education and things
like that, how will you equalize,

380
00:29:33.759 --> 00:29:41.039
for instance, the inheritance that you
have from your parents in terms of you

381
00:29:41.079 --> 00:29:45.079
know, I was taught German since
I was our kid, so I had

382
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an advantage over other kids that weren't
taught our second language. And this is

383
00:29:49.240 --> 00:29:56.200
being studied by many now and neuroscientists
that if you learn a second language since

384
00:29:56.240 --> 00:29:59.119
you are a kid, you have
an advantage cognitive advantage over others. How

385
00:29:59.160 --> 00:30:03.319
would you equalize that? For instance? What about day There are actually some

386
00:30:03.440 --> 00:30:10.359
scholars writing papers about the selection of
partners that we shouldn't have the freedom of

387
00:30:10.480 --> 00:30:15.759
selecting the partner that we are going
to marry and having children because we tend

388
00:30:15.759 --> 00:30:18.920
to select people who are like so
elites tend to select people who are in

389
00:30:18.960 --> 00:30:23.119
the elites and thinks and so on, and that creates an unfair advantage over

390
00:30:23.200 --> 00:30:30.279
others. So if you go out
of social justice, you end up destroying

391
00:30:30.359 --> 00:30:34.039
freedom completely. Yes, and you
have a total Darian system in the end,

392
00:30:34.400 --> 00:30:38.799
and high one against this, and
so I believe it's a fallacy.

393
00:30:38.839 --> 00:30:45.599
And it's interesting you mentioned this because
because Mila and Argentina, he openly speaks

394
00:30:45.640 --> 00:30:51.240
against social justice in the media on
television. He has been doing so for

395
00:30:52.960 --> 00:30:57.480
fifth for five years already, I
mean already end and he says, it's

396
00:30:57.519 --> 00:31:04.359
the excuse that all addicitions use in
order to control people's lives and to steal

397
00:31:04.400 --> 00:31:11.160
a lot of the money that they
are also you know, confiscating via taxation

398
00:31:11.359 --> 00:31:15.480
in order to redistribute it. But
in Argentina it's extremely corrupt. This happens

399
00:31:15.480 --> 00:31:19.119
everywhere, right in Argentina is extremely
corrupt, corrupt, so you give the

400
00:31:19.200 --> 00:31:23.200
money to your friends or to the
interest groups that are helping you. So

401
00:31:23.319 --> 00:31:26.640
I think it's it's a myth and
we have to get rid of it all

402
00:31:26.640 --> 00:31:32.599
together because it's a fallacy and it's
creating a lot of harm, and it

403
00:31:32.640 --> 00:31:37.480
sounds really it's it's a we call
it in German accomp griff. A comp

404
00:31:37.640 --> 00:31:41.119
it's like a fight, and the
griff it means concept. It's a it's

405
00:31:41.160 --> 00:31:44.960
a fight concept. It is very
useful for the left in order to destroy

406
00:31:45.000 --> 00:31:49.640
your arguments and to move forward with
their power agenda. But we have to

407
00:31:49.680 --> 00:31:55.680
fight it back because it's it's it's
creating, it's creating enormous, you know,

408
00:31:55.759 --> 00:32:00.640
harm to people, especially the poorest
people in American They're very clever about

409
00:32:00.680 --> 00:32:04.720
the terms that they use, and
they confuse it in people's minds. They

410
00:32:04.720 --> 00:32:10.799
talk about equity versus equality, you
know, and so you know, you

411
00:32:10.799 --> 00:32:16.400
can talk about equality of opportunity.
They want to talk about the equity of

412
00:32:16.519 --> 00:32:21.480
results and redistributing it. And it's
taken a lot of different forms. You

413
00:32:21.599 --> 00:32:24.720
talk about a fight concept and all
they got reparations And of course a lot

414
00:32:24.759 --> 00:32:30.200
of that goes back to the mid
century Marxists like Bill Ayers, who started

415
00:32:30.200 --> 00:32:35.440
pushing this white privilege thing because they
realized as the old school Marxists and as

416
00:32:35.480 --> 00:32:39.640
opposed to you know, the Gramsey
guys they they wanted to have a conflict.

417
00:32:39.960 --> 00:32:45.519
They were not having success with class
warfare, so they wanted race warfare.

418
00:32:45.799 --> 00:32:50.200
And so that's a big part of
what is happening in America. I

419
00:32:50.240 --> 00:32:52.640
don't know if that is. Is
that something that's been done in Latin America

420
00:32:52.759 --> 00:32:58.119
different people groups, pitting them against
each other by the government, I imagine

421
00:32:58.119 --> 00:33:00.200
it has It seems like that would
be a technique that the tyrants would use.

422
00:33:01.119 --> 00:33:06.920
Yes, but you know, we
don't have this race issue, despite

423
00:33:06.920 --> 00:33:10.680
the fact that we had even more
slaves in Latin America than than you know,

424
00:33:12.359 --> 00:33:15.240
in Northern It's not that it's not
an issue in Brazil, for example,

425
00:33:16.039 --> 00:33:20.559
and they had I think only Brazil
had more slaves in the United States,

426
00:33:20.759 --> 00:33:24.839
and no one cares, No one
speaks about this, and so so

427
00:33:25.359 --> 00:33:30.799
traditionally in Latin America, the divide
that the populace tried to create, this

428
00:33:30.880 --> 00:33:36.279
between the wealthy and the rest,
you know, and oligarchs and the rest

429
00:33:37.279 --> 00:33:44.400
not so much along along this identitarian
type of of issues, which I think

430
00:33:45.079 --> 00:33:52.839
are even worse because once you establish
that the relevant I think is not the

431
00:33:52.920 --> 00:33:59.519
content of your character, and that
you know, I jact you by your

432
00:33:59.559 --> 00:34:04.880
action and the continent of your character. Then you create a tribalist society,

433
00:34:05.079 --> 00:34:10.920
which is completely I mean, it's
incompatible with the promise of the Declaration of

434
00:34:10.960 --> 00:34:15.920
Independence and the Founding Vows and the
whole American experiment, because because the United

435
00:34:15.960 --> 00:34:21.440
States is about one idea, basically, which is moral equality. We have

436
00:34:21.480 --> 00:34:24.480
the same dignity as human beings,
and we are all equal in the sense

437
00:34:24.920 --> 00:34:30.519
that we are we are all individuals
who share the same dignity, and we

438
00:34:30.599 --> 00:34:35.480
have each one has a consciousness,
and we are responsible for our own,

439
00:34:36.320 --> 00:34:42.039
you know, decisions and acts.
And so I can't speak with someone who's

440
00:34:42.119 --> 00:34:46.119
black or who is gay or whatever, and I see someone who's equal to

441
00:34:46.159 --> 00:34:52.639
me, because I can see that
thisspite the fact that we have these obvious

442
00:34:52.639 --> 00:34:59.199
differences, we are the same in
terms of dignity and in terms of the

443
00:34:59.320 --> 00:35:02.800
way we we behave in the world, in the sense that we have a

444
00:35:02.840 --> 00:35:08.519
consciousness and that we are responsible for
all for our own decisions and acts.

445
00:35:08.559 --> 00:35:14.159
But the minute you say it's not
relevant that you are an individual with your

446
00:35:14.199 --> 00:35:17.920
own consciousness, but the color of
your skin is the relevant issue, then

447
00:35:17.960 --> 00:35:25.480
you create tribes, and these tribes
are in existential opposition to the other tribes.

448
00:35:25.800 --> 00:35:30.760
So it's blocks against the white people
and against the Latino's. Basically,

449
00:35:30.960 --> 00:35:36.679
the white heterosexual guy pressing everyone else's. That's more's the idea. And when

450
00:35:36.679 --> 00:35:40.639
you start with this rhetoric, then
of course you end up hating everything that

451
00:35:42.360 --> 00:35:49.320
white does the heterosexual people have created
historically, which is basically question civilization,

452
00:35:50.239 --> 00:35:55.840
including American experiment and so. And
curiously enough, this was the way that

453
00:35:57.000 --> 00:36:04.079
cal Schmidt, the famous legal scholar
from from you know that was close to

454
00:36:04.119 --> 00:36:08.239
the Nazis in Germany, define politics. He defined politics as a conflict between

455
00:36:08.679 --> 00:36:16.159
enemies and friends and basically as a
tribal thing where you would see the other

456
00:36:16.280 --> 00:36:21.599
group as someone who would threaten your
existence and you would have to get rid

457
00:36:21.639 --> 00:36:25.039
of the other group. And this
is the return to fascism. And people

458
00:36:25.079 --> 00:36:30.480
are not aware of this. And
if you cannot have a diverse society like

459
00:36:30.519 --> 00:36:38.320
the American society unless you have a
powerful story that unifies everyone, unless you

460
00:36:38.360 --> 00:36:45.119
have, you know, common principles
upon which everyone agrees on. And that's

461
00:36:45.159 --> 00:36:49.920
why Martin, Luther, King,
Frederic Godless, all of them said,

462
00:36:50.039 --> 00:36:53.280
yes, the principles of the Constitution
and the collection of independence are the right

463
00:36:53.639 --> 00:36:59.199
the right principles, but we want
them to be real also for us,

464
00:36:59.440 --> 00:37:04.719
which is a quically fair and and
and it's an obvious development of the ideal

465
00:37:04.800 --> 00:37:09.480
of freedom. But once you now
you have all these people telling you that

466
00:37:09.800 --> 00:37:16.960
these principles in themselves are racists and
have created systemic racism in the United States.

467
00:37:17.679 --> 00:37:22.039
And therefore equality before the law is
just an illusion. It doesn't work

468
00:37:22.079 --> 00:37:27.960
because you because you have all of
this, all this invisible ways, that

469
00:37:28.000 --> 00:37:31.679
the system is racist. And therefore
you have also to get rid of equality

470
00:37:31.719 --> 00:37:36.559
before the law because it's giving you
the impression that the system is fair.

471
00:37:37.400 --> 00:37:42.400
So it's deceiving you while the system
is really unfair and systemically racist. And

472
00:37:42.960 --> 00:37:47.320
when you start down that road,
you destroy a country completely, You destroy

473
00:37:47.360 --> 00:37:51.840
the American experiment, and you end
up in civil war or you end up

474
00:37:51.960 --> 00:37:59.519
in insperiment, strife between groups,
and the destruction of any elation of freedom

475
00:37:59.559 --> 00:38:07.239
I mean of diverse American society will
never work with identitarian politics and an identitarian

476
00:38:07.239 --> 00:38:12.440
philosophy. It would it would collapse
into chaos. I assure you that.

477
00:38:13.800 --> 00:38:20.800
So we have to be very careful
and fight back against this woke left,

478
00:38:21.159 --> 00:38:23.360
which, by the way, I
all inspired neo Marxist ideas coming from France

479
00:38:23.360 --> 00:38:30.519
and Germany, right from the own
Frankfort School in Germany. It's all Marxism,

480
00:38:30.719 --> 00:38:34.280
cultural Marxism basically. Yes, yes, that's a big part of the

481
00:38:34.320 --> 00:38:37.400
Franklin School and entertainment the rest of
that. You know, as you're pointing

482
00:38:37.440 --> 00:38:43.920
out that really has been that idea
of equality, and it's very well said,

483
00:38:44.239 --> 00:38:46.199
you know, the idea that we're
going to take that principle and we're

484
00:38:46.239 --> 00:38:51.360
going to expand it to everybody what
Frederick Douglas and Martin Luther King wanted.

485
00:38:51.760 --> 00:38:55.760
And yet we have Joe Biden.
The one thing I remember about him going

486
00:38:55.800 --> 00:39:00.280
back decades when it was a confirmation
hearing is the Clarence Thomas. Joe Biden

487
00:39:00.480 --> 00:39:07.199
was absolutely outraged Clarence Thomas would have
written about natural rights, which is the

488
00:39:07.199 --> 00:39:12.440
fundamental basis of this. You know, from Thomas Jefferson to Martin Luther King,

489
00:39:12.840 --> 00:39:15.679
it was about natural rights. And
so you know, Joe Biden has

490
00:39:16.599 --> 00:39:22.239
been an authoritarian, he's been opposed
to those fundamental principles of America for decades.

491
00:39:22.840 --> 00:39:24.599
I don't know who's running his administration
now. It doesn't seem to be

492
00:39:24.639 --> 00:39:28.840
like he's running it, but you
know he he's the perfect person for this

493
00:39:28.960 --> 00:39:32.679
because it is what they are using
to pull down America. The pillars that

494
00:39:32.719 --> 00:39:39.199
have held us up have been the
ideas of individual liberty and equality before the

495
00:39:39.280 --> 00:39:43.239
law, and equality of opportunity,
that type of thing. You know,

496
00:39:43.280 --> 00:39:49.000
when you talk about the it'll pull
America down into civil war? Are you

497
00:39:49.039 --> 00:39:54.599
familiar with the works of Strauss and
how in terms of the Fourth Turning and

498
00:39:54.639 --> 00:39:59.480
things like that. In terms of
the guys who coined the term millennial,

499
00:40:00.079 --> 00:40:04.039
they see that they had predicted back
in the nineties that there would be you

500
00:40:04.079 --> 00:40:07.800
know about they went back a long
time through history about every eighty years,

501
00:40:07.800 --> 00:40:12.679
about every four generations, that'd be
a major restructuring of society. So they

502
00:40:12.679 --> 00:40:15.400
went back to you know, World
War two and the Great Depression. Prior

503
00:40:15.440 --> 00:40:19.639
to that, they had the Civil
War. Prior to that, they had

504
00:40:19.639 --> 00:40:22.760
the American Revolution. But they went
back like five hundred years and identified this

505
00:40:22.800 --> 00:40:25.159
pattern. They predicted that the mid
two thousands there would be some kind of

506
00:40:25.199 --> 00:40:30.800
a worldwide economic crisis and then it
would start this chain that we were all

507
00:40:30.079 --> 00:40:36.480
essentially at this point in time,
we're all sync together and globally and the

508
00:40:36.519 --> 00:40:40.000
same cycle that it would kick off, this global push that would be completed

509
00:40:40.039 --> 00:40:43.840
just before twenty thirty. I've always
thought that it was very interesting that they

510
00:40:43.840 --> 00:40:46.960
picked the year twenty thirty for this, And I think they're very cognizant of

511
00:40:47.039 --> 00:40:52.000
this cycle of history. And you
know, you look at what people are

512
00:40:52.039 --> 00:40:55.920
doing in Silicon Valley, pushing universal
basic income, pushing central bank digital currencies,

513
00:40:55.960 --> 00:40:59.480
and all the rest of this stuff. It seems to me like they're

514
00:40:59.480 --> 00:41:02.360
cognizant this, and they want to
have this kind of chaos that makes it

515
00:41:02.360 --> 00:41:07.199
easier for them to restructure society in
the same way that things happen with the

516
00:41:07.199 --> 00:41:10.320
industrial revolution or the grarian revolution.
What do you think about that in terms

517
00:41:10.320 --> 00:41:15.320
of time where times that we're in, You know, I'm not sure because

518
00:41:15.559 --> 00:41:22.039
you have so many technological innovations coming, like artificial intelligence, and you have

519
00:41:22.360 --> 00:41:28.559
a criptual spear, and you have
all of all of those in robotics.

520
00:41:28.880 --> 00:41:34.800
No one is really sure what is
going to happen. Is artificial intelligence going

521
00:41:34.880 --> 00:41:37.119
to be able to control us all
is? It's it's a debate we're having

522
00:41:37.119 --> 00:41:44.760
now. So it's very hard to
make predictions in that sense with a time

523
00:41:44.760 --> 00:41:47.280
framework. Although some people like ill
Mask, I think I've read that he

524
00:41:47.480 --> 00:41:52.920
said in five years or seven years, we will have artificial general intelligence and

525
00:41:52.960 --> 00:41:58.639
it will take over. If I'm
not it will be the end, the

526
00:41:58.760 --> 00:42:00.760
end game for us. Probably,
I'm not sure. I hope it doesn't

527
00:42:00.800 --> 00:42:07.000
come to happen, but but what
I think it will happen for sure is

528
00:42:07.039 --> 00:42:12.800
that polarization will increase. And now
we have the new technologies where you have

529
00:42:12.840 --> 00:42:16.079
the deep fakes, and so you
can't even know if someone who is I

530
00:42:16.079 --> 00:42:21.159
don't know really now, I couldn't
know if I'm I'm speaking to you,

531
00:42:21.280 --> 00:42:24.880
because you could be about our artificial
intelligence. You know, it happened the

532
00:42:24.880 --> 00:42:30.719
Major of Berlin in Germany that she
believed that she was some years ago.

533
00:42:30.760 --> 00:42:39.280
She was speaking to to the major
of of Kiev in Ukraine if the Kliko,

534
00:42:39.400 --> 00:42:45.719
the former boxing champion, and when
she left the meeting, her advisors

535
00:42:45.719 --> 00:42:52.159
came and told her it wasn't Klipko
and he was speaking with It was the

536
00:42:52.159 --> 00:42:54.599
same voice. It was everything the
same in Russian because she spoke Russian.

537
00:42:54.960 --> 00:43:00.079
And you know, so so this
is going to we have dramatic effects on

538
00:43:00.119 --> 00:43:07.360
the public sphere, and it's going
to polarize. I think even more the

539
00:43:07.599 --> 00:43:12.679
our society is like social networks like
Facebook and Instagram, and in Twitter,

540
00:43:12.800 --> 00:43:17.440
I played a huge role in creating
a divide that didn't exist before. So

541
00:43:17.559 --> 00:43:22.480
not everything has been positive, and
I think this is going to be to

542
00:43:22.559 --> 00:43:28.079
get even worse. And that's why
I worry so much that the immortal and

543
00:43:28.119 --> 00:43:35.920
eternal principles that inspired the American independence
and experiment you want to call it like

544
00:43:35.960 --> 00:43:40.679
that, remain alive because the only
thing that will save us, it's people

545
00:43:42.280 --> 00:43:46.559
with clear ideas in their heads and
the and the right values. Otherwise,

546
00:43:47.119 --> 00:43:54.559
you know, all these different factors
will play a role in destroying us and

547
00:43:55.840 --> 00:44:00.639
or turning turning us into something like
China or Russia, because if you have

548
00:44:00.679 --> 00:44:07.639
an out took right, probably it's
easier to control everything. So yeah,

549
00:44:07.719 --> 00:44:15.280
you know, when you George Gilder
has looked at the technological people in Control

550
00:44:15.360 --> 00:44:19.239
and Silicon Valley and he's referred to
them as neo Marxist, and I think

551
00:44:19.280 --> 00:44:24.000
it's not a coincidence that these people
are pushing universal basic income. When we

552
00:44:24.079 --> 00:44:29.679
had Michael Bloomberg running for president,
he made that same statement. He said,

553
00:44:29.920 --> 00:44:31.800
Look, you know, we've had
people used to do farming. We

554
00:44:31.840 --> 00:44:36.960
can replace them with machinery and technology. Then we had the industrial revolution,

555
00:44:37.119 --> 00:44:38.840
and then he says, now the
smart ones of us are looking at how

556
00:44:38.840 --> 00:44:44.079
we're going to take everybody's job,
and now we've just got to figure out

557
00:44:44.119 --> 00:44:47.199
how we're going to pacify people to
keep them from grabbing guillotines. That's what

558
00:44:47.239 --> 00:44:51.800
he had to say, keep them
from grabbing guillotines and coming after us.

559
00:44:52.039 --> 00:44:55.239
So there is a sense that,
you know, they want more and more

560
00:44:55.239 --> 00:45:00.880
centralized control, and that's why it's
so important for us to you understand the

561
00:45:00.920 --> 00:45:06.920
importance of decentralization and understand as your
book points out, economics and human values,

562
00:45:07.360 --> 00:45:10.199
and not accept these substitutes. I
mean, we look at how artificial

563
00:45:10.239 --> 00:45:15.039
intelligence is being used. Perhaps we
need to change it from artificial to authoritarian

564
00:45:15.079 --> 00:45:20.800
intelligence, because it's increasingly being used
to monitor and to spy on people,

565
00:45:20.800 --> 00:45:24.039
and now it's being weaponized for censorship
in real time. So these are just

566
00:45:24.159 --> 00:45:30.320
tools of bad human nature, and
I think we have to fight that with

567
00:45:30.480 --> 00:45:36.840
understanding human nature, understanding the systems, and understanding why things are set up

568
00:45:36.840 --> 00:45:39.159
the way the word in America because
human nature hasn't really changed our tools have

569
00:45:39.280 --> 00:45:43.960
changed radically, but human nature has
remained the same, and the nature of

570
00:45:44.320 --> 00:45:46.119
tyranny and the nature of freedom has
remained the same too, hasn't it out?

571
00:45:47.360 --> 00:45:51.840
Yeah, And I believe that's why
freedom is more important than ever that

572
00:45:51.960 --> 00:46:00.679
we all endorse this cost for individual
liberty because technology just make it very easy

573
00:46:01.639 --> 00:46:07.800
for centralized authority to get to destroy
our freedoms. I mean, if you

574
00:46:07.880 --> 00:46:14.280
if you really read the classical books
and fiction like Always nineteen eighty four or

575
00:46:14.559 --> 00:46:22.159
d Ray Bradberries Fahrenheit, you know, Aldosaxley, Brave New World, these

576
00:46:22.159 --> 00:46:30.159
are all dystopias, totalitarian dystopias where
technology plays a crucial road. Without technology,

577
00:46:30.280 --> 00:46:37.920
you couldn't have these surveillance states,
you know, absolute control over people's

578
00:46:37.960 --> 00:46:45.639
lives. So I'm very worried because
I see a trend in the West of

579
00:46:45.840 --> 00:46:52.800
using these technologies in order to destroy
privacy. In the center, the government

580
00:46:52.800 --> 00:46:57.599
will know everything. I mean,
the last thing that we I mean that

581
00:46:57.679 --> 00:47:00.039
they will come up with is like
putting cameras in our bedrooms and things like

582
00:47:00.079 --> 00:47:04.960
that. It's just is the only
thing that you know they have not done

583
00:47:05.039 --> 00:47:09.760
yet, But at some point they
will have a big data working on us

584
00:47:09.760 --> 00:47:14.679
and they will know exactly where we
are at any minute, you know,

585
00:47:15.360 --> 00:47:17.679
and what we're doing, what we
are buying, what we're selling, what

586
00:47:17.880 --> 00:47:22.320
illnesses we have. Everything, they
will know. And that's the minute when

587
00:47:23.039 --> 00:47:28.480
we have lost our freedoms, Yes, because it will be very easy for

588
00:47:28.519 --> 00:47:31.920
them to control us when they have
all the information, and the machines will

589
00:47:31.960 --> 00:47:37.760
do that for them, and we
have to stop it somehow. Now,

590
00:47:37.880 --> 00:47:39.400
let me ask you so and so
you know, and and you know what

591
00:47:39.480 --> 00:47:43.320
we're talking about liberty and we're talking
about economics. Of course, the crux

592
00:47:43.400 --> 00:47:45.360
of that matter is the push for
central bank digital currency, and we know

593
00:47:45.400 --> 00:47:50.519
that's being pushed in every country of
the world is some level of development.

594
00:47:51.679 --> 00:47:54.360
And you know, a couple of
questions. First of all, what is

595
00:47:54.400 --> 00:48:01.159
the status of that in Chile and
Argentina, Brazils in America? What is

596
00:48:01.199 --> 00:48:07.719
the status of central bank digital currency
there in those areas well. The Chilean

597
00:48:07.800 --> 00:48:13.719
Central Bank has come out with a
project in order to create digital peso.

598
00:48:15.800 --> 00:48:21.880
So I've been told that this is
just a plan, and they were not

599
00:48:22.039 --> 00:48:23.679
they are not going to do it, but I don't I'm not sure.

600
00:48:24.960 --> 00:48:30.280
Once cancer, the European Central Bank
wants to do this, and when they

601
00:48:30.320 --> 00:48:37.519
start doing that, all the central
banks will follow because they all meet every

602
00:48:37.599 --> 00:48:42.440
years the Presidence of the Central Banks
in the world, and they went all

603
00:48:42.480 --> 00:48:45.480
to m T. Harvard or the
school. So they are sort of from

604
00:48:45.480 --> 00:48:50.400
the same you know, background and
their friends more or less, and they

605
00:48:50.440 --> 00:48:53.880
need and they push the same agenda
everywhere. Are there issues to deal with,

606
00:48:54.199 --> 00:49:00.800
but I'm sure that at some point
it will be also something that they

607
00:49:00.880 --> 00:49:07.280
wanna They will wanna cry there or
there. But if the United States States

608
00:49:07.320 --> 00:49:12.559
does not get on board with it, because there are states like Floria saying

609
00:49:12.559 --> 00:49:16.599
no, we are not doing it, then it's harder for the whole world

610
00:49:16.760 --> 00:49:22.719
Western world of these two to implement
the central bank digital currencies. There will

611
00:49:22.760 --> 00:49:24.480
be countries I will do it.
I think Europe will do it, but

612
00:49:24.599 --> 00:49:30.400
Europeans don't really appreciate freedom so much, so they don't care. And some

613
00:49:30.519 --> 00:49:37.880
lackers will try to do it,
but not all of them. But if

614
00:49:37.880 --> 00:49:42.719
the United States gets on board with
this, and you have a digital dollar

615
00:49:42.920 --> 00:49:45.639
and so on, and then I
think the whole world will follow, it's

616
00:49:45.760 --> 00:49:49.679
very hard to stop it. Then, yes, it sounds like they're telling

617
00:49:49.679 --> 00:49:52.039
the people the same type of thing
that they're telling us that, you know,

618
00:49:52.039 --> 00:49:53.159
don't worry about it, even though
we call it said now, it's

619
00:49:53.199 --> 00:49:58.960
not really happening now. It won't
happen until Congress gives us say okay or

620
00:49:59.000 --> 00:50:01.239
whatever. And as you have people
who tried the other part of it is

621
00:50:01.599 --> 00:50:05.039
we know what they want to do, regardless of what they say. We

622
00:50:05.079 --> 00:50:07.519
know what's really in and their plans
and in their heart. But the other

623
00:50:07.559 --> 00:50:10.920
side of this is the awareness of
the people. And that's the thing that

624
00:50:10.960 --> 00:50:15.920
concerns me about it. When we
have polls in America and they ask people

625
00:50:15.920 --> 00:50:17.920
about CBDC, there's not really a
lot of opposition to it. But if

626
00:50:17.920 --> 00:50:22.719
you go down the list and you
talk about the different things, you know,

627
00:50:23.039 --> 00:50:28.760
rationing people's food usage based on their
carbon credits and all the rest of

628
00:50:28.719 --> 00:50:31.840
the stuff, stopping people from being
able to buy stuff, reemptively tracking everything

629
00:50:31.880 --> 00:50:37.280
they do, being able to confiscate
money, putting time limits, putting geolocation

630
00:50:37.360 --> 00:50:39.679
limits on where they can spend money, and all the rest of the stuff.

631
00:50:39.719 --> 00:50:44.400
People hate it when you explain it
bit by bit, but there's not

632
00:50:44.519 --> 00:50:50.159
much awareness of the thing itself.
And even when you had DeSantis taken on,

633
00:50:50.239 --> 00:50:52.719
as you mentioned and said, well, we're not going to allow it.

634
00:50:52.519 --> 00:50:57.760
We're going to prohibit it being used
in commercial transactions by changing the UCC

635
00:50:57.960 --> 00:51:00.880
code and saying that BDC is not
going to be allowed. Not an American

636
00:51:01.000 --> 00:51:06.920
CBDC, not a foreign CBDC.
He does this press conference, calls a

637
00:51:06.960 --> 00:51:09.599
big brother digital money, and the
mainstream media at the end of the press

638
00:51:09.599 --> 00:51:13.360
conference, all they want to do
is ask him questions about Trump's indictment.

639
00:51:14.159 --> 00:51:17.039
So I mean to shut this stuff
down. That are the key issues.

640
00:51:17.559 --> 00:51:22.000
And so I guess that's a question. Is there any awareness, because there's

641
00:51:22.039 --> 00:51:28.239
not enough here in America about the
evils of CBDC. Is there much awareness

642
00:51:28.480 --> 00:51:34.719
in Latin America by the population there
about the CBDC. You know, I

643
00:51:34.719 --> 00:51:39.039
think ninety ten people have no idea
what CBDCs are. And this is even

644
00:51:39.079 --> 00:51:45.199
in Europe or United States. Latin
America more or less the same. No,

645
00:51:45.519 --> 00:51:51.199
because we have not developed as much. It's harder in Latin America to

646
00:51:51.239 --> 00:51:55.039
get rid of cash altogether. You
have huge sectors of the economy that are

647
00:51:55.079 --> 00:52:00.519
informal. People live out of you
know, being able to pay with bills,

648
00:52:00.840 --> 00:52:07.400
physical bills, and so it will
be hard for them to get rided

649
00:52:07.599 --> 00:52:13.159
in Mexico, for instance, or
in Colombia or even in Chile, to

650
00:52:13.440 --> 00:52:17.719
completely get rid of physical money.
And that's an advantage of not being as

651
00:52:17.760 --> 00:52:23.800
advanced, probably, But in Sweden, for instance, they have've already gotten

652
00:52:23.880 --> 00:52:29.239
rid of cash more or less.
I don't think they have a CBDC,

653
00:52:29.599 --> 00:52:34.960
but it will come, I'm sure, oh yeah, yeah. And so

654
00:52:35.079 --> 00:52:38.800
we have to explain this because people
are not aware and most people don't even

655
00:52:38.840 --> 00:52:43.360
know really what money is all about. And I have a lesson about that

656
00:52:43.480 --> 00:52:47.559
in the book. You know,
by this money and how it comes into

657
00:52:47.559 --> 00:52:53.159
existence. But we have to speak
about this again and again. I think

658
00:52:53.159 --> 00:52:59.800
the scientist is doing a great job, but we have to, you know,

659
00:53:00.039 --> 00:53:05.920
bring more people into this because only
that change, only CBDCs, if

660
00:53:05.960 --> 00:53:12.400
that we're successfully introducing the United States, would destroy most of your freedoms.

661
00:53:12.679 --> 00:53:15.199
Yes, I mean, it would
become really a surf of the state,

662
00:53:16.239 --> 00:53:22.760
and we can't allow that to happen. And as I say, if the

663
00:53:22.840 --> 00:53:28.440
United States States doesn't do it,
and it's much harder for other countries to

664
00:53:28.840 --> 00:53:36.840
follow to do it because the financial
system, the core of the financial system

665
00:53:36.960 --> 00:53:39.239
is the United States, the reserve
currency of the world is still the dollar,

666
00:53:40.039 --> 00:53:45.000
so it will be harder for our
central banks in other parts of the

667
00:53:45.039 --> 00:53:47.280
world to do it. It's not
impossible, it will be harder. But

668
00:53:47.320 --> 00:53:52.519
if the United States does it,
then automatically everyone would do it. I

669
00:53:52.599 --> 00:53:58.320
agree. Yeah, let's let's talk
a little bit about the state of the

670
00:53:58.320 --> 00:54:00.199
black market economy, or as I
call the market economy, you know,

671
00:54:01.599 --> 00:54:07.519
because that is the sort of thing
that I think increasingly Americans who are concerned

672
00:54:07.519 --> 00:54:10.079
about this, who do understand about
CBDC, we look at it and we

673
00:54:10.119 --> 00:54:13.639
say, well, you know,
what is our fallback position if we lose

674
00:54:13.639 --> 00:54:17.119
politically in this, and that's really
a black market economy, a black market

675
00:54:17.159 --> 00:54:22.840
economy where will there be paper cash? Is that how it's operating? I

676
00:54:22.920 --> 00:54:27.400
presume in Latin America as gold and
silver is at a factor there in Latin

677
00:54:27.440 --> 00:54:31.880
America for people to or is it? You know, how do they give

678
00:54:31.960 --> 00:54:37.159
us some idea of what the black
market of the blue market economy looks like?

679
00:54:37.880 --> 00:54:40.599
It works? It really worked with
a dollar everywhere it's it's in Venezuela,

680
00:54:40.599 --> 00:54:45.840
it's the dollar, and Venezuela has
a dollarized economy basically now and not

681
00:54:45.960 --> 00:54:51.440
officially, but you know, everyone, and we use the dollar. Argentina

682
00:54:51.480 --> 00:54:54.400
as well. Actually, Argentina's have
I think it's the second entry of the

683
00:54:54.400 --> 00:55:00.880
world with more dollars in cash after
the United States, because everything is dollarized.

684
00:55:01.280 --> 00:55:06.119
You go, you buy a house
and you bring of course you do.

685
00:55:06.320 --> 00:55:08.639
You do not declare real value that
you are selling it for because then

686
00:55:08.679 --> 00:55:13.159
you have to pay very high taxes. So you declare a much lower value

687
00:55:13.159 --> 00:55:15.920
that is paid to you in passive
about eighty percent is paid to you and

688
00:55:16.119 --> 00:55:21.079
and and cases with dollars and so
you get like a million dollars and you

689
00:55:21.119 --> 00:55:25.280
have it under a mattress at home
and this is this is literally the case.

690
00:55:25.320 --> 00:55:29.599
You have it well in a safe
at home or whatever, but you

691
00:55:29.639 --> 00:55:36.639
have the cash. But that's because
the dollar is still working and and it's

692
00:55:37.280 --> 00:55:42.159
you know, it's not a CBDC
has not become a type of currency.

693
00:55:42.480 --> 00:55:45.119
The day it becomes a cypityc type
of currency, probably we will start using

694
00:55:45.559 --> 00:55:52.039
gold or something like that. I
get bilver, and the same will happen

695
00:55:52.840 --> 00:55:58.480
maybe with people in the United States. I mean you would have your own

696
00:55:58.519 --> 00:56:00.800
currencies in different states. Problem based
on silver, like going back to the

697
00:56:00.800 --> 00:56:06.239
past, like it used to be
the case, because I don't see away

698
00:56:06.239 --> 00:56:08.960
around that. You don't want politicians
to control how you spend your money,

699
00:56:09.119 --> 00:56:13.519
when and where, and to know
everything you are doing. Like you will

700
00:56:13.559 --> 00:56:17.000
not be able to buy a you
know, something from a pharmacy without the

701
00:56:17.000 --> 00:56:22.360
government knowing that you are ill,
you know of cancer, for instance,

702
00:56:22.000 --> 00:56:29.119
or you know. I mean,
they will know everything like and so I

703
00:56:29.159 --> 00:56:34.519
guess there will be a reaction and
against it, and probably it will be

704
00:56:34.559 --> 00:56:40.360
a big issue in terms of states
versus the federal government. So it can

705
00:56:40.440 --> 00:56:45.159
be dangerous as well. That is
a key thing I think for Americans because

706
00:56:45.199 --> 00:56:49.519
Americans have never had really much experience
with a black market economy at all,

707
00:56:49.880 --> 00:56:52.960
and so we're at a disadvantage.
I've taught to people who've lived in other

708
00:56:52.000 --> 00:56:55.159
countries and it's like, oh,
yeah, you know, they there's always

709
00:56:55.159 --> 00:57:00.800
this underground black market economy of barter
or you know, American hours and things

710
00:57:00.840 --> 00:57:05.440
like that. Jim Rogers years ago
wrote a book Investment Biker, and he

711
00:57:05.440 --> 00:57:07.519
went around the world on a motorcycle
and talked about what he saw. And

712
00:57:07.559 --> 00:57:12.760
he said one of the ways that
you could measure the corruption and a given

713
00:57:12.840 --> 00:57:19.320
government was by the difference between the
official exchange rate and the exchange rate on

714
00:57:19.360 --> 00:57:22.239
the street. So I imagine that's
pretty big in Argentina, right, the

715
00:57:22.480 --> 00:57:27.039
difference partners to exchange rates, right, yeah, yeah, one hundred percent

716
00:57:27.079 --> 00:57:31.400
different or more difference or more.
It's like it's insane. Yeah, but

717
00:57:31.480 --> 00:57:34.920
this this is true. We are
used to in Latin America. We are

718
00:57:35.000 --> 00:57:40.519
used to I call the official economy, which is the politicized economy where politicians

719
00:57:40.519 --> 00:57:45.039
make rules and interview all the time. It's the politicized economy. And so

720
00:57:45.119 --> 00:57:51.039
we we go around that and and
and we use the Argentina is very funny.

721
00:57:51.039 --> 00:57:53.199
It's like, I mean, it's
stats on the wee end, but

722
00:57:53.239 --> 00:57:57.599
it's very funny on the other hand, because you you go to the pest

723
00:57:57.599 --> 00:58:04.440
hotel in Argentina and you hey in
cash like chunks chunks of cash, like

724
00:58:04.639 --> 00:58:09.639
really a kilo and peso because the
highest I mean the highest the nominated build

725
00:58:09.679 --> 00:58:14.159
they have is like a thousand pesso, which is like two dollars. And

726
00:58:14.199 --> 00:58:15.960
so if you go to a good
hotel and you you stake it for a

727
00:58:15.960 --> 00:58:20.440
week. I've done it many times, and you have to pay like two

728
00:58:20.440 --> 00:58:24.440
thousand dollars in the end. For
instance, you have to call for a

729
00:58:24.480 --> 00:58:30.880
guy who operates in the blue market. He comes to the hotel in the

730
00:58:30.039 --> 00:58:35.679
guise and he brings you the cash. You give him the dollars, so

731
00:58:35.719 --> 00:58:39.280
you have like a ton of pesos
and you go to the to the reception

732
00:58:39.280 --> 00:58:44.360
at the hotel and they have these
machines where they can count the pesos like

733
00:58:44.440 --> 00:58:47.239
in the banks, you know,
and you don't pay with your credit card.

734
00:58:47.360 --> 00:58:52.440
So everyone, and this is even
at the Four Seasons, like it's

735
00:58:52.480 --> 00:58:58.239
you know, everyone accepts the fact
that you cannot play by the rules of

736
00:58:58.280 --> 00:59:05.119
the game because otherwise everything would be
destroyed, and so everyone tries to survive.

737
00:59:05.480 --> 00:59:08.360
And we are people who we are
survivors in Left to Mary Goat to

738
00:59:08.400 --> 00:59:12.840
some extent, so we are more
used to that. But I wonder what

739
00:59:12.920 --> 00:59:17.800
will happen in the United States used
to doing that, and also in Europe,

740
00:59:20.280 --> 00:59:24.639
what would happen when you have politicians
controlling everything in the end? Would

741
00:59:24.639 --> 00:59:29.000
you would you just say, oh, it's okay, like now, like

742
00:59:29.039 --> 00:59:32.480
a Chinese citizen, I don't care. I don't think so I think there

743
00:59:32.480 --> 00:59:37.519
will be a rebellion. So it's
going to be very difficult because people have

744
00:59:37.599 --> 00:59:42.840
been weaned under this idea that we're
just gonna play past pay with plastic for

745
00:59:42.880 --> 00:59:46.760
everything, and you know that is
and that's what's happened with Sweden. They

746
00:59:46.800 --> 00:59:51.000
just wanted, you know, not
carry cash at all. Once you start

747
00:59:51.079 --> 00:59:53.679
going down that road to cashlessness,
that gets to be a really dangerous thing

748
00:59:53.719 --> 00:59:57.719
because now you don't have the option
of that. But yeah, that's pretty

749
00:59:57.880 --> 01:00:00.880
that is amazing. That's an amazing
story about what that looks like. It

750
01:00:00.880 --> 01:00:04.960
has been so interesting to talk to
you. Thank you so much. And

751
01:00:05.039 --> 01:00:09.960
again, the book is The Street
Economist, fifteen economics lessons that everyone should

752
01:00:09.960 --> 01:00:15.360
know, only one hundred and forty
pages, no math and it folks,

753
01:00:15.440 --> 01:00:19.480
this is a book that everybody needs
to educate themselves on because this is how

754
01:00:19.519 --> 01:00:24.559
they exploit us through our ignorance.
Alex Kaiser Berens von hoe Haagen Dyer say

755
01:00:24.559 --> 01:00:30.320
your name correctly, is that Greig? Yeah, it's pretty close. Okay,

756
01:00:30.360 --> 01:00:32.880
Thank you so much. It's been
a pleasure talking to you, and

757
01:00:34.280 --> 01:00:37.679
I hope people do pick up this
book. We really do need that education

758
01:00:37.719 --> 01:00:39.639
here in America desperately. Thank you
so much, sir, very much.

759
01:00:40.039 --> 01:00:58.679
Thank you. The common Man they
created common core and dumbed down our children.

760
01:00:58.960 --> 01:01:02.760
They created common Pa, asked track
and control us their commons project to

761
01:01:02.880 --> 01:01:09.840
make sure the commoners own nothing and
the communist future. They see the common

762
01:01:09.880 --> 01:01:16.039
man as simple, unsophisticated ordinary.
But each of us has worth and dignity

763
01:01:16.239 --> 01:01:22.760
created in the image of God.
That is what we have in common.

764
01:01:22.360 --> 01:01:27.880
That is what they want to take
away. Their most powerful weapons are isolation,

765
01:01:28.360 --> 01:01:32.679
deception, intimidation. They desire to
know everything about us, while they

766
01:01:32.760 --> 01:01:38.440
hide everything from us. It's time
to turn that around and expose what they

767
01:01:38.480 --> 01:01:44.519
want to hide. Please share the
information and links you'll find at the David

768
01:01:44.599 --> 01:01:53.119
Knightshow dot com. Thank you for
listening, Thank you for sharing. If

769
01:01:53.159 --> 01:01:58.199
you can't support us financially, please
keep us in your prayers. Thee David

770
01:01:58.280 --> 01:02:20.199
Knightshow dot com