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<v Speaker 1>Welcome back. Our guest is Steve Bonta. He's a publisher

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<v Speaker 1>of The New American. It's a magazine from the John

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<v Speaker 1>Burs Society. And we were just talking off air, and

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<v Speaker 1>he's lived in Argentina, so he can tell us a

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<v Speaker 1>little bit about that. He's also most recently lived in

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<v Speaker 1>China as well. He's the author of a book Inside

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<v Speaker 1>the United Nations and a lot of articles for The

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<v Speaker 1>New American. As a matter of fact, it was one

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<v Speaker 1>that I wanted to get to today before he came

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<v Speaker 1>on that I didn't have a chance to. We'll talk

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<v Speaker 1>about that, and that is the UN trying to establish

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<v Speaker 1>a tax, a global tax on shipping and the name

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<v Speaker 1>of the climate mcguffin, and so we'll talk about that

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<v Speaker 1>as well. But he also contacted me because we want

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<v Speaker 1>to talk about gold and money. That's also very topical

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<v Speaker 1>right now. So thank you for joining us. Steve, happy

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<v Speaker 1>to be here. Thank you. Let's talk a little bit.

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<v Speaker 1>Since I was just talking about Argentina and beef and

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<v Speaker 1>things like that. It gives your take on what's having

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<v Speaker 1>lived in Argentina, give us your take on what's going on.

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<v Speaker 2>Yeah, I mean the thing about Argentina I lived there

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<v Speaker 2>as a teenager, way back during before the Falklands War

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<v Speaker 2>and the military junta days. Wow, Argentina is not like well,

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<v Speaker 2>the whole southern corn Argentina, Uruguay, Paraguay, Chile in particular.

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<v Speaker 2>It's really quite different from what most Americans think Latin

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<v Speaker 2>America is like. And most people think of Latin America,

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<v Speaker 2>they think of, you know, men with sombreros and donkeys

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<v Speaker 2>and you know, to tortillas and that kind of thing.

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<v Speaker 2>We think in terms of Mexican and maybe maybe Caribbean, American,

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<v Speaker 2>Puerto Rico and southern South America. Argentina in particular is

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<v Speaker 2>a lot more like Europe. In fact, Argentina culturally is

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<v Speaker 2>more Italian than Spanish. There are more people of Italian

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<v Speaker 2>ancestry than Spanish ancestry, and the current president, Favier Miley

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<v Speaker 2>and excuse me, is one of them. And when I

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<v Speaker 2>arrived in Argentina in nineteen seventy nine, I was really

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<v Speaker 2>shocked at how well educated the people were. It's a

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<v Speaker 2>very bookish society. People love to play chess for example.

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<v Speaker 2>Not to put too fine a point, you know, they

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<v Speaker 2>have their problems too, but they are very well educated

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<v Speaker 2>and in those days kind of mostly mal educated and

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<v Speaker 2>you know pironas and supporters of the socialism and so forth.

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<v Speaker 2>But Malay is a different animal altogether. He's remark a

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<v Speaker 2>very very bright guy and extremely articulate. You know, anyone

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<v Speaker 2>who knows Spanish listening to him talk, he's very persuasive.

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<v Speaker 2>He's really a silver tongued individual, and as is his

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<v Speaker 2>his mentor, an Argentine economist named Alberto bene Gas Lench.

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<v Speaker 2>You can find lectures by him on YouTube as well.

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<v Speaker 2>And these are both men a very sound understanding of

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<v Speaker 2>free market economics and the principles of libertarianism generally, you know,

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<v Speaker 2>not the non aggression principle, all the rest of this stuff,

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<v Speaker 2>and so so. Malay is a multi talented individual, very

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<v Speaker 2>much in the Argentine mole. He's accomplished, i believe, a

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<v Speaker 2>rock guitarist and a semi professional soccer player football player

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<v Speaker 2>at one point, and this kind of thing, and mostly

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<v Speaker 2>self educated as an economist as well as a successful

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<v Speaker 2>talk show host. Kind of a Russian limb ball type

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<v Speaker 2>figure from this company. And now obviously he's the president

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<v Speaker 2>of Argentina. Argentina is of all of the Latin American

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<v Speaker 2>countries probably has the government most similar to ours, at

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<v Speaker 2>least on paper. So the Argentine When Argentina first became

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<v Speaker 2>independent of Spain, it was ruled for several decades by

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<v Speaker 2>a series of what they caught called caldijos, which were

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<v Speaker 2>military dictators, culminating in a guy named General Rosas, who

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<v Speaker 2>was a really horrific dictator, ran a true police state.

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<v Speaker 2>This was in the eighteen fifties, and when Rosas finally fell,

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<v Speaker 2>he was replaced a group of men quite similar to

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<v Speaker 2>the American Founders, called themselves the Generation of eighteen thirty

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<v Speaker 2>eight came forward and some of them had studied in

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<v Speaker 2>Europe and in the United States, had traveled abroad, studied

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<v Speaker 2>the systems of government of the countries, including the US Constitution,

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<v Speaker 2>and they attempted to craft a constitution similar to ours.

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<v Speaker 2>Argentina is a federal republic, just like the United States

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<v Speaker 2>is it consists of provinces rather than states, but it's

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<v Speaker 2>very much a federal type arrangement. And unfortunately, unlike the U, well,

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<v Speaker 2>I mean maybe similar to us that that you know,

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<v Speaker 2>their constitution has been has been reformed with scare quotes

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<v Speaker 2>a number of times, and so this has enabled the

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<v Speaker 2>rise of you know, of the left. You know. Obviously, Argentina,

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<v Speaker 2>as Melay never tires of pointing out, you know, was

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<v Speaker 2>once one of the world's most powerful countries. In fact,

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<v Speaker 2>if you were a European ground down by the yoke

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<v Speaker 2>of European feudalism, you know, a peasant yearning to be

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<v Speaker 2>free and have and have you know, some some sort

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<v Speaker 2>of opportunity life. There were two prime destinations in the

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<v Speaker 2>late nineteenth century. One was, of course, the US, and

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<v Speaker 2>the other was Argentina. And Argentina, like the US, was,

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<v Speaker 2>was and remains a melting pot, very amenable to immigration,

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<v Speaker 2>and at one time was very very a place where

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<v Speaker 2>a man could basically go and do as he pleased

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<v Speaker 2>and you know, and prosper or fail according to his

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<v Speaker 2>own efforts. And obviously all that and that led to

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<v Speaker 2>a state of affairs where by the early twentieth century

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<v Speaker 2>Argentina was one of the top five or so richest

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<v Speaker 2>countries in the world. And the expression in English as

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<v Speaker 2>rich as an Argentine was a common expression back in

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<v Speaker 2>the roaring twenties. And all that, all that's changed, yeah, yeah, yeah,

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<v Speaker 2>And so Argentina has since undergone almost a century of socialism.

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<v Speaker 2>They call it Perhanism, but it's it's it's a species

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<v Speaker 2>of collectivism and with just horrific results. When I was

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<v Speaker 2>there more than forty years ago, living there, I've been

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<v Speaker 2>back since. But you know, when I was actually living there,

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<v Speaker 2>the inflation rate was running at you know, fifty hundred

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<v Speaker 2>percent per month and this kind of thing, and no

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<v Speaker 2>one under those circumstances could save money. You know, the

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<v Speaker 2>moment you got paid anything you need immediately had to

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<v Speaker 2>buy land, or buy gold, silver, any type of actual assets,

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<v Speaker 2>because the idea of actually putting in a savings account

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<v Speaker 2>or anything like that was not to be thought of.

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<v Speaker 2>So this is the way the Argentine economies evolved. And

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<v Speaker 2>then Malay comes along and says, have you had enough?

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<v Speaker 2>And the younger generation in Argentina, kind of similar to

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<v Speaker 2>the way our gen z is shaping up here, has said,

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<v Speaker 2>you know, we don't want this anymore. You know, this

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<v Speaker 2>may have worked for our parents and our grandparents and

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<v Speaker 2>the great grandparents, but this isn't what we want. We

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<v Speaker 2>want opportunity. We want to be able to, you know,

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<v Speaker 2>to actually enjoy the fruit fruits of our labors. And

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<v Speaker 2>so I think Malay is is right headed, and you know,

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<v Speaker 2>but now he's encountering he's in a situation where he's

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<v Speaker 2>no longer living in the world of theory. He's living

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<v Speaker 2>in the pragmatic, rough and tumble world of politics where

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<v Speaker 2>the reality is. And this may be may or may

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<v Speaker 2>not be reinforced by this weekend's elections national congressional elections.

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<v Speaker 2>Is that he you know, he's kind of a lone man.

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<v Speaker 2>The Pirunas still dominate the Congress and they use it

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<v Speaker 2>to this, to thwart most of most of his agenda.

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<v Speaker 2>So has been very very rough slog for him, and

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<v Speaker 2>whether he'll succeed is still an open question. I mean

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<v Speaker 2>when I see these right now, he's been, he's been,

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<v Speaker 2>he's been, uh, you know, barnstorming all around the country

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<v Speaker 2>to rapturous crowds in many towns and cities that have

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<v Speaker 2>never had an Argentine present president visit them before, because

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<v Speaker 2>he wants he wants to make gains in Congress and

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<v Speaker 2>this weekend's congressional elections. But I see these videos and

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<v Speaker 2>I think, yeah, one person could step out of the

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<v Speaker 2>crowd of a pistol and this would all be done with,

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<v Speaker 2>you know, So it's well.

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<v Speaker 1>It's a very cautionary tale for us because if they

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<v Speaker 1>started with a constitution and aspirations of freedom looking at America,

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<v Speaker 1>and then you look at what happened with the Parinistas

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<v Speaker 1>and all the rest of this stuff. A large part

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<v Speaker 1>of that, I think is the cult of personality. And

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<v Speaker 1>I think that's one of the things that you know,

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<v Speaker 1>I don't know. I've never lived there, so I don't

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<v Speaker 1>know the pulse of the people. But when I look

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<v Speaker 1>at how infatuated they were with Juan and Avita Perone

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<v Speaker 1>and how that you know, played out through them, that

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<v Speaker 1>this whole idea of people getting attacked to an individual

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<v Speaker 1>or to a party rather than to a set of principles.

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<v Speaker 1>And I look at that and say, well, you know,

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<v Speaker 1>you can't really reverse course. And in a sense, Javier

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<v Speaker 1>Malai comes in with a very charismatic personality as well.

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<v Speaker 1>It's a different type of personality as you point out,

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<v Speaker 1>you know, his rock star aspects and his you know,

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<v Speaker 1>sharp tongue that he's got, you know, throwing out not

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<v Speaker 1>only debating points but also insults to people, and the

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<v Speaker 1>hair that he is, his trademark, and all the rest

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<v Speaker 1>of his stuff. So in a sense, you still have

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<v Speaker 1>the Argentine people, I think influenced great deals. Everybody is

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<v Speaker 1>as we are here in America by personalities that are there,

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<v Speaker 1>and if they can have a situation where they're their

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<v Speaker 1>free society can be overthrown and you wind up with

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<v Speaker 1>a paranistas and you wind up with people being disappeared,

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<v Speaker 1>put into helicopters and flown out and dropped into the ocean.

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<v Speaker 1>If you're a political dissident, that can happen anywhere, it

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<v Speaker 1>can happen here as well, can it.

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<v Speaker 2>Yeah, And I mean it has happened here in the

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<v Speaker 2>sense of her own was the same generation as FDR,

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<v Speaker 2>and FDR's the stamp of his personality still remains in Washington,

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<v Speaker 2>d C. I mean, he FDR was the you know,

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<v Speaker 2>the pivotal twentieth century figure in American politics in which

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<v Speaker 2>he basically came out, he seized the tiller of the

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<v Speaker 2>ship of state and said hard left.

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<v Speaker 1>Yeah, right, that's what we're gonna do.

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<v Speaker 2>And from now on, you know, everything is going to

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<v Speaker 2>emanate from the federal government. The federal government. There is

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<v Speaker 2>no problem that cannot be solved by the creator, you know,

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<v Speaker 2>creative application of federal government force that was the premise

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<v Speaker 2>of the New Deal, and these other lesser figures, you know,

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<v Speaker 2>Lindon Johnson and more recently, you know, Clinton and Obama

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<v Speaker 2>and even you know Joe Biden and so forth, are

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<v Speaker 2>just really pale shadows, but they're they're swimming in his wake.

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<v Speaker 2>And the state of affairs where Washington, d C. Is

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<v Speaker 2>wholly owned by the Democratic Party, which embodies that philosophy,

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<v Speaker 2>I think, more completely than the Republicans, although they're certainly

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<v Speaker 2>not perfect either. You know, it's really a part is

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<v Speaker 2>an issue as such. But but all of that which

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<v Speaker 2>which which Trump is now purporting to fight against and overturn,

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<v Speaker 2>and you know, it is the legacy of the culture

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<v Speaker 2>personality of FDR and his the man who followed him, Truman,

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<v Speaker 2>as well to some extent, right, you know, that had

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<v Speaker 2>that effect. But they they permanently altered, well up till now,

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<v Speaker 2>permanently altered the direction of the ship of state. And

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<v Speaker 2>it's proving a very rough slog indeed, to change people's

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<v Speaker 2>minds and say, well, you know, we need to get

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<v Speaker 2>back to the idea that the federal government is the

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<v Speaker 2>creation and not the creator, that it is to be

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<v Speaker 2>subordinate to the states. And they in turn to the

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<v Speaker 2>people and the Constitution, all this type of thing. It's

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<v Speaker 2>a very tough sell now. So you know, I had

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<v Speaker 2>a very interesting interview that's the same thing.

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<v Speaker 1>Yes, I had a very interesting interview last week with

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<v Speaker 1>a guy who just wrote a new biography of FDRU,

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<v Speaker 1>and very very interesting. His point of view was that

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<v Speaker 1>even though you had the Democrats who wanted to go

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<v Speaker 1>to the same place at FDR, you still had a

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<v Speaker 1>lot of opposition within the Democrat Party to a lot

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<v Speaker 1>of these extreme, radical authoritarian tactics that FDR was doing.

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<v Speaker 1>They said, we don't want to do it that way.

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<v Speaker 1>There was a clear understanding in early twentieth century America,

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<v Speaker 1>just like we saw with alcohol prohibition. You know, they

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<v Speaker 1>wanted alcohol prohbition, but they didn't do something like our

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<v Speaker 1>drug war. They said, we've got to have a constitutional amendment.

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<v Speaker 1>And so you had people, even though they wanted to

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<v Speaker 1>go to the same place that FDR did in terms

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<v Speaker 1>of government control and government you know, taking over and

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<v Speaker 1>running everything, they said, we're worried about that tactic, you know,

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<v Speaker 1>whether it's packing the Supreme Court or various other things

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<v Speaker 1>that he was doing. And that's what I think is

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<v Speaker 1>sadly lacking on both the left and the right in

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<v Speaker 1>America today. And I go back and I look at FDR.

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<v Speaker 1>I don't know if you familiar with the work of

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<v Speaker 1>Strauss and how a fourth turning the book that is there,

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<v Speaker 1>but I see it. To me, I see that we're

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<v Speaker 1>in another fourth turning right now, as they predicted. And

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<v Speaker 1>you know, we have these fourth turning presidents Lincoln and FDR.

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<v Speaker 1>And now I think Trump is in that mole who

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<v Speaker 1>want to go very quickly. Accelerationists. They want to create

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<v Speaker 1>chaos and they don't care what means are used as

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<v Speaker 1>long as they get their desired end. And I think

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<v Speaker 1>we're seeing the problem right now. And I think we're

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<v Speaker 1>going to see this is that even if we agree

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<v Speaker 1>on the goal of where they want to go, and

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<v Speaker 1>do agree with the Trump on many of the goals

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<v Speaker 1>of where he wants to go, very concerned about the

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<v Speaker 1>means that he's using because it's going to set very

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<v Speaker 1>very dangerous precedents that will come back to haunt us.

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<v Speaker 2>I think, well, and this is you know, the problem

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<v Speaker 2>with permitting the radical I hate to use the word

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<v Speaker 2>radical left, but you know, these radical utopian reformists they're

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<v Speaker 2>they're all collectivists by disposition, allowing them enough leeway until

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<v Speaker 2>you get to the point that Argentina was in by

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<v Speaker 2>the nineteen seventies, where they control the judiciary, they control

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<v Speaker 2>all the local governments, they control the police force, everything

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<v Speaker 2>else is And the same was true. And by the

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<v Speaker 2>time that Allende came to power in Chile in the

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<v Speaker 2>nineteen seventies, or when Fujimori came to power in Peru

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<v Speaker 2>in the in the nineteen nineties, in all those cases,

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<v Speaker 2>and the radical left had progressed to the point where

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<v Speaker 2>they were militarized. Where they were you know, they're kind

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<v Speaker 2>of going where Antifa would like to go. But hasn't

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<v Speaker 2>We weren't quite that there yet. The question becomes, how

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<v Speaker 2>do you solve that problem when you're so far gone

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<v Speaker 2>that there's no longer any appeal to the law, because

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<v Speaker 2>you know, the judiciary is all corrupted, and you know

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<v Speaker 2>the police can't be relied upon and all this type

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<v Speaker 2>of thing, And so this this creates a well nigh

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<v Speaker 2>insoluble problem. We said, well, the only the only thing

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<v Speaker 2>to do is to do what Pinochet did in Chile

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<v Speaker 2>and Fujimori did in Peru. And the military Junta Galtieri

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<v Speaker 2>and people like that did in Argentina, and that as

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<v Speaker 2>you win and use extraordinary force and you try to

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<v Speaker 2>clean house. And I'm very much afraid that we're approaching

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<v Speaker 2>that point in the United States, because we've already gotten

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<v Speaker 2>the point where the law is so twisted that you

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<v Speaker 2>know that it does they don't do much if if

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<v Speaker 2>if you go out and wearing the banner of Antifa

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<v Speaker 2>or Black Lives Matter or something like that, and uh,

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<v Speaker 2>and you know, and vandalized stores, assault, even kill people,

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<v Speaker 2>and this sort of thing. You know, the law gives

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<v Speaker 2>you a slap on the wrist, but heaven't forfend if

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<v Speaker 2>you defend yourself against someone that you know has happened

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<v Speaker 2>in Kenosha right here in Wisconsin a few a few

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<v Speaker 2>years ago. And this type of thing where where you know,

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<v Speaker 2>where you get the point where where the law and

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<v Speaker 2>the judiciary can no longer be relied upon it. It

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<v Speaker 2>gets to the point. And this is what revolutionaries, of

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<v Speaker 2>course know. They understand that if they can destabilize things

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<v Speaker 2>to a certain point, the only possible remedy is some

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<v Speaker 2>sort of a crack down from above, and then that

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<v Speaker 2>generates the pretexts that you see, you see they are fascist,

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<v Speaker 2>just like we're saying, you know, and that gives them more, more,

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<v Speaker 2>more and more impetus. And that's kind of what's happening

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<v Speaker 2>now where the Trump administration has the situation where the

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<v Speaker 2>cores of a number of our major cities are completely

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<v Speaker 2>out of control, and the local magistrates don't want to

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<v Speaker 2>do anything about it because they're they're they're in they're

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<v Speaker 2>in sympathy within because they perceive that that crime creates

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<v Speaker 2>creates a rationale for more government. I mean, some level

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<v Speaker 2>of venal politicians like crime and like civil unrest because

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<v Speaker 2>it creates a need for them and their services. And

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<v Speaker 2>so that's the reason that that places like Chicago and

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<v Speaker 2>Memphis and Portland in LA and New York of course

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<v Speaker 2>you know, their local you know, constabularys are saying, oh,

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<v Speaker 2>we're not going to crack now, you know, and so forth,

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<v Speaker 2>and so what are you going to do it? It's

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<v Speaker 2>a very difficult problem.

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<v Speaker 1>And I think that's coming that push is coming from

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<v Speaker 1>the right. Also, I've said for the longest time in

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<v Speaker 1>terms of this fourth turning, I said, you come back

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<v Speaker 1>and you're like previous three fourth turnings, we've had in

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<v Speaker 1>the US have been you know, the Depression, World War II,

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<v Speaker 1>part of that, the Civil war war. And I said, yeah,

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<v Speaker 1>and so I said, you know, I think we're probably

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<v Speaker 1>going to have all three of these things at once.

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<v Speaker 1>I think we're going to have a depression. I think

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<v Speaker 1>we're going to also have a civil war, revolutionary war,

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<v Speaker 1>and a world war. And it seems like all of

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<v Speaker 1>our global leaders are, regardless of what political party they're in,

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<v Speaker 1>regardless of whether they're left or right, they all seem

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<v Speaker 1>to be pushing us in this direction.

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<v Speaker 2>I wish I could say, no, you're wrong, and here's why.

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<v Speaker 2>But I mean, obviously anything can happen. No one can

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<v Speaker 2>see the future, but I tend to I would not

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<v Speaker 2>be at all surprised. Yeah, if that that scenario unfolds

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<v Speaker 2>over the next five to ten years.

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<v Speaker 1>Yeah, yeah. Well let's bring back to the farmers. I mean,

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<v Speaker 1>you know, what do you think have you paid attention

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<v Speaker 1>to what's going on? I mean a lot of what

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<v Speaker 1>they're saying is and we have seen this when we

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<v Speaker 1>saw things with the eggs for example, you know they

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<v Speaker 1>go through with a pc R procedure and say, well,

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<v Speaker 1>we got one chicken here that tested positive, So we're

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<v Speaker 1>going to kill all five million of them here at

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<v Speaker 1>this location. That type of thing, it was kind of

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<v Speaker 1>a government imposed thing began under Biden, but it continued

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<v Speaker 1>under Trump's USDA until Brooke Rawlins said, now, our solution

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<v Speaker 1>is that you vaccinate all the chickens with mRNA and

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<v Speaker 1>other animals at this NMRNA vaccine. So the question is,

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<v Speaker 1>you know, we have so many different issues. You know,

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<v Speaker 1>one of the issues with beef stuff is the consolidation

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<v Speaker 1>of it. Part of that is the government mandated centralized

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<v Speaker 1>processing meat processing places that are there. You know, what

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<v Speaker 1>do we do from a market perspective? I mean, certainly

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<v Speaker 1>Trump and Bessent are not even focused on what's going

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<v Speaker 1>on with the farms. And it's a surprise because we

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<v Speaker 1>saw what happened in the first Trump administration when he

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<v Speaker 1>started messing with China and trade and tariffs and things

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<v Speaker 1>like that. They immediately retaliated against agriculture and the government

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<v Speaker 1>was slow to act at that point in time to

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<v Speaker 1>repair the damage that they had inflicted. And they're being

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<v Speaker 1>very very slow to do it. Now, what do you

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<v Speaker 1>think is going on with that?

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<v Speaker 2>Well? In generalities, first of all, I mean the problem

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<v Speaker 2>is we tend to elect urban people as presidents. Obviously

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<v Speaker 2>Trump being no exception. He's an East Coast urbanite. He's

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<v Speaker 2>now a Florida urbanite, and were as formerly he was

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<v Speaker 2>a you know, a New York urbanite. But but those people,

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<v Speaker 2>and I can say this without without prejudice, because I

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<v Speaker 2>grew up in rural western Pennsylvania on a farm. So

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<v Speaker 2>I've lived in Nebraska as well, worked in a small

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<v Speaker 2>cattle bank in a Nebraska cattle town.

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<v Speaker 1>For some of you, so well, you've had quite a background.

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<v Speaker 2>I've been around, you know, but I can tell you this.

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<v Speaker 2>I mean, the the contrast and culture between I live

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<v Speaker 2>in Wisconsin now, by the way, which is a farming state,

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<v Speaker 2>primarily you know, dairy farms. But but but but the

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<v Speaker 2>contrast and the mentality of you know, the man of

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<v Speaker 2>the earth, the farmer and the urbanite is very stark.

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<v Speaker 2>And urbanites tend to view the economy primarily in in

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<v Speaker 2>financial terms. You know, the secret to to economic success

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<v Speaker 2>is making sure, you know, keeping an eye on the

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<v Speaker 2>money supply and proper you know, monetary policy and all

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<v Speaker 2>that type of thing. Because of course, you know, all

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<v Speaker 2>the big cities are where the banking and the financed

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<v Speaker 2>takes place. That's that's their primary raizone deetra is to

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<v Speaker 2>be you know, enablers of international trade and finance and

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<v Speaker 2>banking and all that sort of thing. I mean, you know,

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<v Speaker 2>the Federal Reserve is is actually the Federal Reserve Bank

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<v Speaker 2>of New York is where all the action is as

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<v Speaker 2>far as monetary policy concerned. So that's that's the lens

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<v Speaker 2>through which someone like Trump is going to tend to

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<v Speaker 2>see the world and not really have a grasp of farming.

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<v Speaker 2>I mean, I happen to think that you know, casey

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<v Speaker 2>uh Ezra Taff Benson some other good you know secretaries

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<v Speaker 2>of agriculture, that we shouldn't even have a Department of Agriculture.

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<v Speaker 1>I agree.

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<v Speaker 2>I don't see that as being part of the constitutional

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<v Speaker 2>purview of the federal government, and that that that's kind

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<v Speaker 2>of an extra constitutional heresy that goes back also more

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<v Speaker 2>than one hundred years well before FDR. You know, the

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<v Speaker 2>the the the Department Agriculture was already you know, had

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<v Speaker 2>it kind of had a finger in the in the

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<v Speaker 2>pie and was was was influencing the but it was

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<v Speaker 2>meddling with the market mechanisms as far as you know,

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<v Speaker 2>the price of crops were concerned in this kind of thing. So,

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<v Speaker 2>I mean, you know, I tend to be a Jeffersonian

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<v Speaker 2>in the sense that that I think that an ideal

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<v Speaker 2>republic is first and foremost, you know, agrarian, not you know,

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<v Speaker 2>I think manufacturing and finance and all those things are fine,

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<v Speaker 2>but but it's all predicated on a strong agrarian you.

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<v Speaker 1>Know, absolutely, yeah, I absolutely agree. Yeah, he believed that

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<v Speaker 1>an agraian society was essential to maintain our liberty and

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<v Speaker 1>our form of government. And I agree with him. You know,

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<v Speaker 1>when you look at our civil war, for example, I've

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<v Speaker 1>mentioned many many times that Italy had a civil war

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<v Speaker 1>at exactly the same time, and well, they didn't have slaves,

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<v Speaker 1>but it was about the consolid the consolidation and centralization

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<v Speaker 1>of power, creating a nation state when in the past

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<v Speaker 1>they had had a relatively decentralized agrarian you know, Italy,

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<v Speaker 1>they wanted to create a nation state and it was

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<v Speaker 1>driven by a lot of manufacturing and urban interest that

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<v Speaker 1>we're involved in that and so that's what we see

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<v Speaker 1>happening over and over again. Jefferson said, as you're talking

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<v Speaker 1>about how it's always focused on finances and other things.

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<v Speaker 1>They said to cities are a threat to the health,

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<v Speaker 1>the wealth, and the liberty of man. I think nothing

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<v Speaker 1>has changed with that. It's it's just in the nature

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<v Speaker 1>of the way that people live, you know. Well, here,

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<v Speaker 1>here's the thing.

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<v Speaker 2>About agrarianism is that number one, it delivers the best

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<v Speaker 2>possible standard of living. I mean, you know, Rome was

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<v Speaker 2>never had it better than when they were in agrarian

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<v Speaker 2>republic for example, And the same could be said mutatus

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<v Speaker 2>mutandus of the medieval Italian republics and so forth and

416
00:21:36.720 --> 00:21:39.799
<v Speaker 2>so on, although many of them were also they were

417
00:21:39.839 --> 00:21:42.000
<v Speaker 2>based on you know, trade and all this kind of thing.

418
00:21:42.039 --> 00:21:47.200
<v Speaker 2>But but the thing is that agrarianism is not conducive

419
00:21:47.599 --> 00:21:48.440
<v Speaker 2>to domination.

420
00:21:48.880 --> 00:21:51.279
<v Speaker 1>That's right. You're self sufficient, yes, exactly.

421
00:21:51.319 --> 00:21:54.480
<v Speaker 2>But finance is I mean, I mean the basis, yeah,

422
00:21:54.880 --> 00:21:57.759
<v Speaker 2>the basis for you know, call it imperialism or whatever

423
00:21:57.759 --> 00:21:59.640
<v Speaker 2>you want to call it, that that kind of thing

424
00:21:59.680 --> 00:22:03.400
<v Speaker 2>being you know, a superpower is finance. You have to

425
00:22:03.400 --> 00:22:06.680
<v Speaker 2>have robust finances and a robust banking system and all this.

426
00:22:06.759 --> 00:22:09.559
<v Speaker 2>That's very much, of course in sync with the Hamiltonian

427
00:22:09.640 --> 00:22:14.519
<v Speaker 2>vision of America. But but you know, I mean America

428
00:22:14.559 --> 00:22:18.240
<v Speaker 2>did just fine for all of the decades that it

429
00:22:18.359 --> 00:22:21.640
<v Speaker 2>wasn't a superpower, you know, a world in girding power.

430
00:22:21.960 --> 00:22:24.079
<v Speaker 2>And you know, the the idea, and this isn't as

431
00:22:24.160 --> 00:22:27.039
<v Speaker 2>much implicit in the policies and rhetoric of the Trump

432
00:22:27.039 --> 00:22:30.359
<v Speaker 2>administration as it was in all of his predecessors going

433
00:22:30.359 --> 00:22:33.720
<v Speaker 2>back to the early twentieth century. The idea is that

434
00:22:33.759 --> 00:22:38.000
<v Speaker 2>America is a superpower and must remain a superpower. Yes, yes,

435
00:22:38.599 --> 00:22:40.279
<v Speaker 2>we're the you know, the phrases like, you know, we're

436
00:22:40.279 --> 00:22:42.839
<v Speaker 2>the indispensable nation. All this kind of thing, well kind

437
00:22:42.839 --> 00:22:45.000
<v Speaker 2>of kind of feed into that. But I mean, and

438
00:22:45.000 --> 00:22:46.960
<v Speaker 2>and and and here's an interesting thing, you know, speaking

439
00:22:47.000 --> 00:22:49.519
<v Speaker 2>of Argentina as well. I mean, Argentina, interestingly enough, has

440
00:22:49.559 --> 00:22:51.319
<v Speaker 2>never been a great military power.

441
00:22:52.759 --> 00:22:57.359
<v Speaker 1>They've never they've never made Yeah, the.

442
00:22:57.279 --> 00:22:59.279
<v Speaker 2>Falkon Wars was was it was an exception of this

443
00:22:59.480 --> 00:23:02.920
<v Speaker 2>interesting his there too, the wind of that right now.

444
00:23:02.960 --> 00:23:05.440
<v Speaker 2>But uh, but but by and large, Argentina has been

445
00:23:05.559 --> 00:23:09.519
<v Speaker 2>very content, you know, with its its dominion there in

446
00:23:09.559 --> 00:23:12.240
<v Speaker 2>southern South America has all that all that needs and

447
00:23:12.240 --> 00:23:15.559
<v Speaker 2>and and feels no need though it certainly has the resources,

448
00:23:15.599 --> 00:23:17.680
<v Speaker 2>I mean, resource wise, it's just as blessed as the

449
00:23:17.799 --> 00:23:21.559
<v Speaker 2>United States, they could become a superpower if they wanted to.

450
00:23:21.640 --> 00:23:24.680
<v Speaker 2>They just they just don't want that. And uh, you know,

451
00:23:24.799 --> 00:23:27.279
<v Speaker 2>and and so the United States, you know, I mean,

452
00:23:27.319 --> 00:23:29.279
<v Speaker 2>I mean, it's heresy to say this, but but I

453
00:23:29.799 --> 00:23:32.880
<v Speaker 2>wrote an article a while ago for the magazine questioning

454
00:23:32.880 --> 00:23:36.000
<v Speaker 2>the very premise, you know, should should America be a superpower?

455
00:23:36.559 --> 00:23:39.480
<v Speaker 2>Is this really what the founders envisioned? Is that is

456
00:23:39.519 --> 00:23:41.599
<v Speaker 2>that we want? And and obviously it depends what you mean

457
00:23:41.640 --> 00:23:44.599
<v Speaker 2>by by superpower. You mean, well, you know, the greatest

458
00:23:44.599 --> 00:23:46.640
<v Speaker 2>country on earth, the place that everybody wants to go

459
00:23:46.720 --> 00:23:48.799
<v Speaker 2>to live and all that. Okay, well, I suppose, but

460
00:23:49.000 --> 00:23:50.240
<v Speaker 2>if you meet it in the sense that we mean

461
00:23:50.279 --> 00:23:54.319
<v Speaker 2>it today, you know, the uh, the dominatrix of the world,

462
00:23:54.400 --> 00:23:57.480
<v Speaker 2>so to speak, that's that is something very much counter

463
00:23:57.599 --> 00:24:00.880
<v Speaker 2>to what to what the founders wanted. And and so

464
00:24:02.119 --> 00:24:07.000
<v Speaker 2>going back to our agrarian roots, you know, like, wow,

465
00:24:07.039 --> 00:24:09.480
<v Speaker 2>what's his name? That the financial that the financial wizard

466
00:24:09.519 --> 00:24:11.640
<v Speaker 2>who now lives in Singapore. I can't think of his name,

467
00:24:12.000 --> 00:24:14.519
<v Speaker 2>but he's he's said a lot in recent years. He

468
00:24:14.519 --> 00:24:17.200
<v Speaker 2>thinks that that the future of wealth is actually going

469
00:24:17.200 --> 00:24:19.599
<v Speaker 2>to be in farming, after this whole fourth turning thing,

470
00:24:19.640 --> 00:24:20.920
<v Speaker 2>get you get through this?

471
00:24:21.000 --> 00:24:23.400
<v Speaker 1>Well, Bill Gates kind of thinks that, doesn't he I

472
00:24:23.440 --> 00:24:25.200
<v Speaker 1>mean yeah, I mean he's bought a lot of land.

473
00:24:25.240 --> 00:24:27.599
<v Speaker 1>Even though he doesn't want to have agricultural farming, he

474
00:24:27.640 --> 00:24:30.279
<v Speaker 1>wants to manufacture food, he still has bought a lot

475
00:24:30.279 --> 00:24:33.319
<v Speaker 1>of land. And I think he realizes that's the fallback

476
00:24:33.359 --> 00:24:36.279
<v Speaker 1>position maybe after they destroy the food supply and everybody

477
00:24:36.759 --> 00:24:38.640
<v Speaker 1>is fed up. Just right there with beyond me, I

478
00:24:38.680 --> 00:24:40.640
<v Speaker 1>was just talking about how their stock that hit a

479
00:24:40.799 --> 00:24:42.680
<v Speaker 1>high of two hundred and forty dollars is now less

480
00:24:42.720 --> 00:24:45.759
<v Speaker 1>than a dollar. So after all of that, people turned

481
00:24:45.799 --> 00:24:47.880
<v Speaker 1>back to the farm. And so he's kind of hedging

482
00:24:47.880 --> 00:24:50.839
<v Speaker 1>his bets by getting farm land. Yeah. Yeah, And why not?

483
00:24:50.960 --> 00:24:53.839
<v Speaker 2>I mean, I mean, because that's they call it real

484
00:24:54.119 --> 00:24:57.519
<v Speaker 2>estate for a reason, that there's a certain, you know,

485
00:24:57.640 --> 00:25:01.839
<v Speaker 2>tangible reality about owning land and and developing it for

486
00:25:01.960 --> 00:25:05.279
<v Speaker 2>farming or whatever, you know. Uh and so, and I

487
00:25:05.279 --> 00:25:07.559
<v Speaker 2>think we've we've sort of become divorced from that in

488
00:25:08.039 --> 00:25:12.880
<v Speaker 2>our in our relentless quest too for ascendency over nature,

489
00:25:13.440 --> 00:25:15.559
<v Speaker 2>which you know, it is understandable, you know, it's it's

490
00:25:15.599 --> 00:25:18.039
<v Speaker 2>good that we have things like the polio vaccine and

491
00:25:18.079 --> 00:25:19.880
<v Speaker 2>all the rest of that. Nowadays, you know, we have

492
00:25:19.960 --> 00:25:22.880
<v Speaker 2>modern medicine and and maybe that life is not quite

493
00:25:22.880 --> 00:25:25.759
<v Speaker 2>so hobsy in as it once was. So it's understandable

494
00:25:25.960 --> 00:25:29.079
<v Speaker 2>that we that we that we want to subdue nature,

495
00:25:29.400 --> 00:25:31.480
<v Speaker 2>you know, the more brutish aspects of nature. But at

496
00:25:31.519 --> 00:25:33.039
<v Speaker 2>the same time, you know, you don't want to throw

497
00:25:33.079 --> 00:25:34.519
<v Speaker 2>the baby out with the bath and say, you know,

498
00:25:34.559 --> 00:25:38.519
<v Speaker 2>we're going to live entirely in this technocratic society, completely

499
00:25:38.559 --> 00:25:41.640
<v Speaker 2>divorced from from from the need to get our hands dirty,

500
00:25:42.200 --> 00:25:44.039
<v Speaker 2>you know, Micro's style or anything like that, you know.

501
00:25:44.319 --> 00:25:48.759
<v Speaker 1>And so yeah, yeah, a virtual reality, yeah, which is

502
00:25:48.759 --> 00:25:51.920
<v Speaker 1>not a reality at all. Well, you were talking about, uh,

503
00:25:52.359 --> 00:25:54.720
<v Speaker 1>you know, this idea of American exceptionalism and how we

504
00:25:54.759 --> 00:25:57.880
<v Speaker 1>are indispensable and how we have to be you know,

505
00:25:57.880 --> 00:26:00.799
<v Speaker 1>it has to be packed Americana and so forth, and

506
00:26:01.039 --> 00:26:04.799
<v Speaker 1>how financial issues are so much a part of that. Uh,

507
00:26:04.880 --> 00:26:07.839
<v Speaker 1>and so of course when we look at the Federal

508
00:26:07.920 --> 00:26:10.160
<v Speaker 1>Reserve and what is happening with gold. But give us

509
00:26:10.160 --> 00:26:13.480
<v Speaker 1>your take on that. That is, of course the superpower

510
00:26:13.519 --> 00:26:17.480
<v Speaker 1>that underlies the American empire, and that is the ability

511
00:26:17.519 --> 00:26:21.039
<v Speaker 1>to conjure money up out of nowhere, and they may

512
00:26:21.079 --> 00:26:22.160
<v Speaker 1>be at the end of their.

513
00:26:22.519 --> 00:26:25.240
<v Speaker 2>Use it and force every real's right because it's the

514
00:26:25.480 --> 00:26:29.160
<v Speaker 2>world reserve currency, that's the real rough and that's the reason.

515
00:26:29.960 --> 00:26:32.119
<v Speaker 2>I mean, I was, I was. I was talking with

516
00:26:32.119 --> 00:26:33.759
<v Speaker 2>with an economist the other day on this. You know,

517
00:26:33.799 --> 00:26:35.599
<v Speaker 2>why is it that Argentina when they print a lot

518
00:26:35.599 --> 00:26:38.440
<v Speaker 2>of money, all they get is horrendous inflation, whereas we

519
00:26:38.480 --> 00:26:40.519
<v Speaker 2>do the same thing and somehow it never has that

520
00:26:40.559 --> 00:26:43.119
<v Speaker 2>same effect. Well, the answer is that we enjoy a

521
00:26:43.160 --> 00:26:46.720
<v Speaker 2>luxury that the Argentine Central Bank does not. Namely, we

522
00:26:46.759 --> 00:26:49.039
<v Speaker 2>can export. You know, we can print lots of money.

523
00:26:49.119 --> 00:26:51.759
<v Speaker 2>We can we can create lots of debt x N

524
00:26:51.759 --> 00:26:55.240
<v Speaker 2>a hillo and and people will come and buy it

525
00:26:55.599 --> 00:27:01.000
<v Speaker 2>because you know, uh pursuance the so the Breton Woods

526
00:27:01.039 --> 00:27:04.279
<v Speaker 2>Agreement and just the way the world works now everything

527
00:27:04.319 --> 00:27:07.279
<v Speaker 2>is denominated in dollars and there's a unique demand for

528
00:27:07.400 --> 00:27:11.359
<v Speaker 2>US dollars that doesn't exist for Argentine pesos or even

529
00:27:11.359 --> 00:27:14.720
<v Speaker 2>euros or Japanese yen or something like that. So so,

530
00:27:14.880 --> 00:27:17.319
<v Speaker 2>you know, so we've managed to insulate ourselves to some extent,

531
00:27:17.759 --> 00:27:21.000
<v Speaker 2>and a lot of the inflation has been shipped abroad.

532
00:27:21.039 --> 00:27:23.720
<v Speaker 2>But what's happening now. I mean, inflation is a very

533
00:27:24.519 --> 00:27:26.960
<v Speaker 2>it's a little more complex than simply okay, you know,

534
00:27:27.039 --> 00:27:29.400
<v Speaker 2>we you double the money supply and prices and prices

535
00:27:29.440 --> 00:27:32.000
<v Speaker 2>double that kind of thing. It's not as simple as that,

536
00:27:32.079 --> 00:27:35.039
<v Speaker 2>it's much it's more diffuse. And and this is the

537
00:27:35.079 --> 00:27:37.880
<v Speaker 2>reason and that a lot of economists, you know, not

538
00:27:37.920 --> 00:27:40.720
<v Speaker 2>just modern monetary theorists, but a lot of economists, Keynesians

539
00:27:40.759 --> 00:27:45.000
<v Speaker 2>all reject the idea that inflation is ultimately a monetary

540
00:27:45.039 --> 00:27:47.960
<v Speaker 2>phenomenon that's caused in effect by governments and banks printing money,

541
00:27:47.960 --> 00:27:50.799
<v Speaker 2>because it's hard to see, you know, in terms of

542
00:27:50.799 --> 00:27:54.039
<v Speaker 2>the prices price rises versus you know, the money supply.

543
00:27:54.319 --> 00:27:56.920
<v Speaker 2>It's it's it's it's very complex. It's hard to perceive.

544
00:27:57.240 --> 00:27:59.359
<v Speaker 2>You know, some prices rise faster than others, and so

545
00:27:59.400 --> 00:28:01.880
<v Speaker 2>forth and so on. So but but the reality is

546
00:28:01.920 --> 00:28:05.960
<v Speaker 2>that inflation is caused by printing money. Inflation is not

547
00:28:06.079 --> 00:28:10.200
<v Speaker 2>possible except under the circum under conditions of a fiat

548
00:28:10.559 --> 00:28:14.039
<v Speaker 2>money source. And fiat means money that's not tied to

549
00:28:14.079 --> 00:28:19.039
<v Speaker 2>gold and silver. Funny thing is that gold and silver

550
00:28:20.000 --> 00:28:23.880
<v Speaker 2>for all of uh, you know, all the obloquy that's

551
00:28:23.920 --> 00:28:26.279
<v Speaker 2>been thrown at them. You know, gold was famously called

552
00:28:26.400 --> 00:28:29.839
<v Speaker 2>a barbarous relic by by by Pains and this kind

553
00:28:29.839 --> 00:28:32.599
<v Speaker 2>of thing. People who who believe in the advisability of

554
00:28:32.640 --> 00:28:35.640
<v Speaker 2>returning to the gold standard are are are are derisively

555
00:28:35.680 --> 00:28:39.200
<v Speaker 2>called gold bugs in economic parlance and so forth. In

556
00:28:39.240 --> 00:28:43.359
<v Speaker 2>spite of all that, the fact is that that gold

557
00:28:43.400 --> 00:28:48.680
<v Speaker 2>and silver remain real money, and then their price behaves

558
00:28:48.799 --> 00:28:50.880
<v Speaker 2>like real money. So if you want to sort of

559
00:28:50.880 --> 00:28:53.359
<v Speaker 2>cut through all of the complications of inflation, you know,

560
00:28:53.519 --> 00:28:56.559
<v Speaker 2>consumer price inflation versus asset inflation, all this type of thing,

561
00:28:56.759 --> 00:28:59.160
<v Speaker 2>you know, and and and see, well, what's really happening.

562
00:28:59.279 --> 00:29:01.680
<v Speaker 2>You look at the price of gold and silver, and

563
00:29:01.720 --> 00:29:05.200
<v Speaker 2>it's going through the roof because you know, but here's

564
00:29:05.240 --> 00:29:07.039
<v Speaker 2>the interesting thing I saw on articles.

565
00:29:06.720 --> 00:29:09.039
<v Speaker 1>And I think it's because the central banks don't buy

566
00:29:09.079 --> 00:29:12.039
<v Speaker 1>into this canesianism, and certainly they don't buy into the

567
00:29:12.200 --> 00:29:14.920
<v Speaker 1>modern monetary theory, which I call the magic money tree

568
00:29:15.160 --> 00:29:18.480
<v Speaker 1>of the MMT. They're not. They're accumulating gold for their

569
00:29:18.519 --> 00:29:21.119
<v Speaker 1>own purposes. And even if they're trying to come up

570
00:29:21.160 --> 00:29:25.000
<v Speaker 1>with an alternative economics system financial system to ours, which

571
00:29:25.000 --> 00:29:29.400
<v Speaker 1>has been weaponized, they are still turning to gold for credibility.

572
00:29:30.200 --> 00:29:32.119
<v Speaker 2>Well sure, all they said, well, it's just a hedge

573
00:29:32.160 --> 00:29:35.480
<v Speaker 2>and all this type of thing. But the reality is,

574
00:29:35.880 --> 00:29:38.000
<v Speaker 2>and I saw it. I mean, so if you I

575
00:29:38.039 --> 00:29:40.079
<v Speaker 2>was just attending a conference the other day down in

576
00:29:40.119 --> 00:29:43.160
<v Speaker 2>Florida that the Mesa's Institute. And there's a lot of

577
00:29:43.160 --> 00:29:45.759
<v Speaker 2>talk about this. And one of the one of the

578
00:29:46.519 --> 00:29:50.279
<v Speaker 2>cardinal features of a free market, a non inflationary free

579
00:29:50.279 --> 00:29:54.920
<v Speaker 2>market economy, is that over time, prices will tend to fall. Okay,

580
00:29:54.920 --> 00:29:56.839
<v Speaker 2>and we saw this, for example in the United States

581
00:29:57.400 --> 00:29:59.680
<v Speaker 2>post Civil War the latter half of the nineteenth century.

582
00:29:59.880 --> 00:30:04.680
<v Speaker 2>Is that prices of goods and services gradually decrease over time,

583
00:30:05.200 --> 00:30:07.319
<v Speaker 2>and to some extent, we even see it today, although

584
00:30:07.359 --> 00:30:10.839
<v Speaker 2>it's very much muddied by the inflationary waters. But you know,

585
00:30:10.880 --> 00:30:13.799
<v Speaker 2>you see, for example, things like the prices of cell

586
00:30:13.839 --> 00:30:17.240
<v Speaker 2>phones and laptops is over tend to decline over time.

587
00:30:17.640 --> 00:30:22.079
<v Speaker 2>And here's but but here's something that never declines in prices,

588
00:30:22.359 --> 00:30:25.680
<v Speaker 2>price supposedly, and that's houses. People love to flip houses,

589
00:30:25.680 --> 00:30:28.960
<v Speaker 2>buy houses, investments, real estate because people, you know, the

590
00:30:28.960 --> 00:30:31.200
<v Speaker 2>mantra goes. You know, the value is always going to

591
00:30:31.240 --> 00:30:33.200
<v Speaker 2>go up, even if you don't do anything to improve,

592
00:30:33.400 --> 00:30:34.880
<v Speaker 2>the value is going to go up over time. This

593
00:30:34.920 --> 00:30:36.799
<v Speaker 2>has been our experience. Well, there's a reason for that,

594
00:30:37.079 --> 00:30:39.359
<v Speaker 2>and the reason is that those are assets that are

595
00:30:39.440 --> 00:30:42.440
<v Speaker 2>very close to uh, you know where where where the

596
00:30:43.039 --> 00:30:45.519
<v Speaker 2>money spigots are, you know, and the money the money

597
00:30:45.519 --> 00:30:47.920
<v Speaker 2>center banks, where the new money enters the economy, and

598
00:30:48.000 --> 00:30:51.240
<v Speaker 2>so like stock prices, the prices of real estate, houses

599
00:30:51.279 --> 00:30:54.640
<v Speaker 2>and so forth are driven up artificially by by inflationary

600
00:30:54.839 --> 00:30:59.400
<v Speaker 2>government policy. But here's an interesting fact. Apparently the price

601
00:30:59.480 --> 00:31:03.160
<v Speaker 2>of houses is if reckoned in terms of gold, has

602
00:31:03.240 --> 00:31:06.519
<v Speaker 2>also been slowly declining over the years of decades. In

603
00:31:06.519 --> 00:31:09.440
<v Speaker 2>other words, if you if you reckon things in terms

604
00:31:09.440 --> 00:31:12.279
<v Speaker 2>of gold or and or silver, then then you see

605
00:31:12.319 --> 00:31:16.240
<v Speaker 2>the true you know, the real economy and what we're

606
00:31:16.279 --> 00:31:18.880
<v Speaker 2>seeing now with with with gold, you know, the skyrocketing

607
00:31:18.880 --> 00:31:20.960
<v Speaker 2>gold and now silver prices as well. I'm kind of

608
00:31:21.000 --> 00:31:24.079
<v Speaker 2>glad I bought silver over the last several years. Although

609
00:31:24.319 --> 00:31:25.960
<v Speaker 2>that's a silly thing to say, though, isn't it, because

610
00:31:26.119 --> 00:31:29.839
<v Speaker 2>you know, my silver is quote unquote worth more, But

611
00:31:29.880 --> 00:31:33.960
<v Speaker 2>it really isn't worthless, And it would be the height

612
00:31:34.000 --> 00:31:35.759
<v Speaker 2>of folly for me to take the silver, say, oh,

613
00:31:35.880 --> 00:31:37.519
<v Speaker 2>now it's worth twice what it was. I'm going to

614
00:31:37.559 --> 00:31:39.119
<v Speaker 2>sell it and get that you know, you know, and

615
00:31:39.160 --> 00:31:41.240
<v Speaker 2>make a profit on it. I'm not making a profit

616
00:31:41.559 --> 00:31:44.240
<v Speaker 2>because what happened is, you know, the worth of the

617
00:31:44.279 --> 00:31:47.920
<v Speaker 2>dollar relative to real money, to silver and gold has plummeted.

618
00:31:48.359 --> 00:31:53.519
<v Speaker 2>And that is, those are both indices of very severe inflation,

619
00:31:54.160 --> 00:31:57.039
<v Speaker 2>even if we're not yet seeing it on the at

620
00:31:57.200 --> 00:31:59.920
<v Speaker 2>at the grocery stores Argentina.

621
00:32:00.000 --> 00:32:01.799
<v Speaker 1>As a matter of fact, there were some articles saying,

622
00:32:01.839 --> 00:32:04.000
<v Speaker 1>you know, you need to start looking at assets and

623
00:32:04.359 --> 00:32:06.519
<v Speaker 1>even things like the stock markets. You know, look at

624
00:32:06.519 --> 00:32:08.759
<v Speaker 1>them in terms of gold, and they don't look so good.

625
00:32:08.839 --> 00:32:13.680
<v Speaker 1>You know, we've had a lot of inflation in terms

626
00:32:13.720 --> 00:32:15.680
<v Speaker 1>of stock prices, a lot of it because of the

627
00:32:15.720 --> 00:32:18.359
<v Speaker 1>AI bubble. But when you look at it in terms

628
00:32:18.400 --> 00:32:22.240
<v Speaker 1>of you know, Dow Jones Industrial Average or me these

629
00:32:22.279 --> 00:32:25.839
<v Speaker 1>other market wide metrics, it hasn't gone up as much

630
00:32:25.920 --> 00:32:29.880
<v Speaker 1>as as gold has. I know, I've talked to Tony

631
00:32:29.960 --> 00:32:32.599
<v Speaker 1>Ardaban in the past. We've looked at people have done

632
00:32:32.680 --> 00:32:35.079
<v Speaker 1>experiments going back and saying, you know, how much would

633
00:32:35.119 --> 00:32:38.119
<v Speaker 1>it cost to do certain things you know, over one

634
00:32:38.160 --> 00:32:40.200
<v Speaker 1>hundred years, say one hundred and twenty years ago or so,

635
00:32:40.960 --> 00:32:44.319
<v Speaker 1>before they went onto the fiat thing. If you had gold,

636
00:32:44.960 --> 00:32:47.039
<v Speaker 1>you know, if you bought a custom soup, or you

637
00:32:47.039 --> 00:32:48.799
<v Speaker 1>took a trip where you did this or that, and

638
00:32:48.839 --> 00:32:50.400
<v Speaker 1>start to compare it and they find that it was

639
00:32:50.440 --> 00:32:53.680
<v Speaker 1>pretty much comparable, just like you were saying with with

640
00:32:53.960 --> 00:32:57.480
<v Speaker 1>real estate, that it was basically the prices were about

641
00:32:57.519 --> 00:32:59.880
<v Speaker 1>the same if you priced it in terms of gold,

642
00:33:00.279 --> 00:33:02.720
<v Speaker 1>although the prices have gone up significantly in terms of

643
00:33:02.720 --> 00:33:03.519
<v Speaker 1>fiat currency.

644
00:33:04.119 --> 00:33:06.920
<v Speaker 2>Well. And then the fact that people have this mistaken

645
00:33:06.960 --> 00:33:09.200
<v Speaker 2>idea that think in terms of what things are worth

646
00:33:09.480 --> 00:33:13.200
<v Speaker 2>dollar is a reflection of the intuition that people have

647
00:33:13.279 --> 00:33:15.400
<v Speaker 2>that goes back to the days when we had sound money,

648
00:33:15.880 --> 00:33:18.279
<v Speaker 2>you know, pre you know, the bank, the Bank Act

649
00:33:18.279 --> 00:33:20.400
<v Speaker 2>and pre FDR and all that kind of thing, And

650
00:33:20.640 --> 00:33:22.839
<v Speaker 2>that is the idea that that money should be both

651
00:33:23.680 --> 00:33:30.400
<v Speaker 2>uh a something with value and also an accountancy something,

652
00:33:31.759 --> 00:33:35.160
<v Speaker 2>a way of keeping records, whereas in a fiat money system,

653
00:33:35.319 --> 00:33:40.720
<v Speaker 2>money no longer has value. It's just an accountancy device. Okay,

654
00:33:40.759 --> 00:33:42.720
<v Speaker 2>the value is still there, but it's been it's been

655
00:33:42.720 --> 00:33:45.599
<v Speaker 2>divorced from money, you know, the goal that's reflected in

656
00:33:45.640 --> 00:33:48.079
<v Speaker 2>the behavior of gold and silver in that sense, but

657
00:33:48.200 --> 00:33:51.319
<v Speaker 2>money itself is no longer repository for for value. And

658
00:33:51.359 --> 00:33:53.599
<v Speaker 2>I know that some of the mesians uh will will

659
00:33:53.680 --> 00:33:56.720
<v Speaker 2>will will criticize this the very idea of of value,

660
00:33:57.000 --> 00:33:59.279
<v Speaker 2>you know, this kind of thing, because valuation is very subjective.

661
00:33:59.599 --> 00:34:02.920
<v Speaker 2>But but but that's the issue, right, and so but

662
00:34:02.960 --> 00:34:07.519
<v Speaker 2>people still think money should be valuable in some sense

663
00:34:09.239 --> 00:34:11.760
<v Speaker 2>in sense that it once wasn't. So that's where this

664
00:34:11.960 --> 00:34:14.719
<v Speaker 2>confusion arises from. People. I say, well, you know, how

665
00:34:14.800 --> 00:34:17.519
<v Speaker 2>much is this worth in nineteen sixty five dollars or

666
00:34:17.639 --> 00:34:19.639
<v Speaker 2>nineteen eighty dollars in this kind of thing? And that's

667
00:34:19.639 --> 00:34:22.880
<v Speaker 2>all what we have now is under so called fiat money,

668
00:34:22.880 --> 00:34:26.639
<v Speaker 2>which is really a contradiction in terms is purely and

669
00:34:26.679 --> 00:34:29.920
<v Speaker 2>simply a system of accountancy that is fraudulent.

670
00:34:30.320 --> 00:34:32.079
<v Speaker 1>Yeah, that's right, because you.

671
00:34:32.039 --> 00:34:33.920
<v Speaker 2>Know it says, you know, you put a thousand of

672
00:34:33.960 --> 00:34:36.639
<v Speaker 2>me in the bank and it's still going to be

673
00:34:36.679 --> 00:34:39.719
<v Speaker 2>worth a thousand plus whatever interest, you know, ten years

674
00:34:39.760 --> 00:34:41.159
<v Speaker 2>from now, twenty years from now. Of course that's not

675
00:34:41.199 --> 00:34:42.480
<v Speaker 2>the case. Everybody knows this.

676
00:34:42.760 --> 00:34:44.880
<v Speaker 1>Yes, that's right. And so when you look at the

677
00:34:45.159 --> 00:34:48.119
<v Speaker 1>retail trade, a lot of urban mining going on. People.

678
00:34:48.679 --> 00:34:50.559
<v Speaker 1>New York Times actually wrote an article about it this

679
00:34:50.719 --> 00:34:53.480
<v Speaker 1>last week, about the rush of people to go down

680
00:34:53.559 --> 00:34:56.960
<v Speaker 1>to the Diamond District in New York City where people

681
00:34:57.000 --> 00:34:58.960
<v Speaker 1>will pay you for your jewelry. So people are taking

682
00:34:59.000 --> 00:35:02.719
<v Speaker 1>gold and silver jewelry down cashing it out. One woman said, well,

683
00:35:02.760 --> 00:35:04.280
<v Speaker 1>you know, I got seven thousand dollars for this, and

684
00:35:04.320 --> 00:35:06.239
<v Speaker 1>now I'm going to go take a vacation whatever. So

685
00:35:06.360 --> 00:35:08.800
<v Speaker 1>she's not using it as a store value. She's just

686
00:35:09.159 --> 00:35:13.599
<v Speaker 1>cashing it in and taking a vacation at taking advantage

687
00:35:13.599 --> 00:35:15.599
<v Speaker 1>of the fact that she can get the vacation that's

688
00:35:15.599 --> 00:35:18.760
<v Speaker 1>still priced in dollars. She can get that in the

689
00:35:18.840 --> 00:35:21.920
<v Speaker 1>value of gold. But what they're doing is they're transferring

690
00:35:22.039 --> 00:35:26.800
<v Speaker 1>out of an asset that retains its value into something

691
00:35:26.880 --> 00:35:30.000
<v Speaker 1>that is evaporating very quickly. Makes sense if you're going

692
00:35:30.039 --> 00:35:33.960
<v Speaker 1>to immediately consume it, and a lot of people are

693
00:35:33.960 --> 00:35:35.800
<v Speaker 1>caught in a liquidity trap. As a matter of fact,

694
00:35:35.800 --> 00:35:38.679
<v Speaker 1>when we saw the plunge and gold and silver, the

695
00:35:38.760 --> 00:35:42.119
<v Speaker 1>questions were was this last day or so? Questions are

696
00:35:42.199 --> 00:35:44.440
<v Speaker 1>is this profit taking because it's been going straight up

697
00:35:44.440 --> 00:35:47.239
<v Speaker 1>for quite some time, or as one person who is

698
00:35:47.280 --> 00:35:51.440
<v Speaker 1>a former Federal Reserve governor said, I think this is

699
00:35:51.639 --> 00:35:56.159
<v Speaker 1>indicating something's bigger than that. Then just price than taking profits.

700
00:35:56.960 --> 00:35:59.960
<v Speaker 1>They said, this looks to me like a liquidity issue,

701
00:36:00.360 --> 00:36:02.400
<v Speaker 1>like the type of thing that we saw back in

702
00:36:02.440 --> 00:36:05.400
<v Speaker 1>the spring of twenty twenty when we had the lockdowns

703
00:36:05.400 --> 00:36:07.519
<v Speaker 1>imposed on us and that type of thing. And so

704
00:36:07.719 --> 00:36:09.960
<v Speaker 1>I think a lot of people in the financial markets

705
00:36:10.000 --> 00:36:12.239
<v Speaker 1>are getting caught in a liquidity squeeze and they're having

706
00:36:12.280 --> 00:36:15.039
<v Speaker 1>to liquidate gold with that. So we'll see what happens

707
00:36:15.079 --> 00:36:18.280
<v Speaker 1>with that. But that's the key issue, and it's really

708
00:36:19.039 --> 00:36:21.320
<v Speaker 1>a control issue. I think it's kind of interesting. You know,

709
00:36:21.360 --> 00:36:23.960
<v Speaker 1>we talk about Bretton Woods as you as you mentioned before,

710
00:36:24.920 --> 00:36:27.440
<v Speaker 1>when you look at what happened with Breton Woods too,

711
00:36:27.960 --> 00:36:31.400
<v Speaker 1>Kissinger moved it to essentially the petro dollar. He kind

712
00:36:31.400 --> 00:36:36.280
<v Speaker 1>of tied the dollar to energy using Saudi Arabia and

713
00:36:36.599 --> 00:36:41.119
<v Speaker 1>that has now disappeared. Perhaps that's what's going on with Venezuela.

714
00:36:41.119 --> 00:36:43.039
<v Speaker 1>What do you think about that they got more oil

715
00:36:43.079 --> 00:36:46.039
<v Speaker 1>than Saudi we could have. I could reinstitute a petro

716
00:36:46.119 --> 00:36:47.480
<v Speaker 1>dollar if we control that oil.

717
00:36:48.360 --> 00:36:49.840
<v Speaker 2>Yeah, that's part of it, to be sure. And his

718
00:36:49.920 --> 00:36:51.960
<v Speaker 2>neighbor Guiana turns out has a lot of oil too,

719
00:36:52.039 --> 00:36:53.679
<v Speaker 2>So you know that whole part of the world is

720
00:36:53.719 --> 00:36:57.119
<v Speaker 2>does Mexico and so yeah, I mean, and Argentina does too.

721
00:36:57.119 --> 00:36:58.880
<v Speaker 2>I don't know if people don't know this, but particularly

722
00:36:58.880 --> 00:37:02.719
<v Speaker 2>down in Patagonia, uh in Chubut Province, and in particular

723
00:37:02.800 --> 00:37:05.599
<v Speaker 2>there's a there's a and ushawaya way down the southern

724
00:37:05.599 --> 00:37:08.400
<v Speaker 2>tip of Argentina has now become quite quite the oil

725
00:37:08.440 --> 00:37:09.039
<v Speaker 2>boom town.

726
00:37:09.880 --> 00:37:13.239
<v Speaker 1>It's not so Patagonia is not just high expensive clothing, right.

727
00:37:14.159 --> 00:37:17.280
<v Speaker 2>Oh no, I've been down therefal area. But but it's

728
00:37:17.280 --> 00:37:20.320
<v Speaker 2>definitely it's it's it's prospering quite quite remarkably. And a

729
00:37:20.320 --> 00:37:22.719
<v Speaker 2>lot of that is because because of the oil is

730
00:37:22.760 --> 00:37:25.199
<v Speaker 2>found on the continental shelf off you know, off the

731
00:37:25.239 --> 00:37:27.920
<v Speaker 2>coast of Argentina there, and so yeah, there there there's

732
00:37:27.960 --> 00:37:29.920
<v Speaker 2>a lot of and and you can bet that that's

733
00:37:29.960 --> 00:37:32.239
<v Speaker 2>in the back of Trump's mind, and that Beson's mind

734
00:37:32.280 --> 00:37:34.920
<v Speaker 2>as well, when they're you know, kind of building this

735
00:37:34.920 --> 00:37:39.039
<v Speaker 2>this new bromance with with Melas Argentina because you know,

736
00:37:39.119 --> 00:37:42.119
<v Speaker 2>so yeah, I mean, no doubt oil is is still

737
00:37:42.159 --> 00:37:43.800
<v Speaker 2>in spite of all of the you know, the quest

738
00:37:43.880 --> 00:37:48.840
<v Speaker 2>for alternative energy and and and the kind of fanatical

739
00:37:48.840 --> 00:37:51.119
<v Speaker 2>attempts to get rid to rid the world of fossil fuels,

740
00:37:51.800 --> 00:37:55.159
<v Speaker 2>the pragmatic reality is that that oil ain't going anywhere

741
00:37:55.199 --> 00:37:59.719
<v Speaker 2>anytime soon, so it's going to remain the main you know,

742
00:38:00.119 --> 00:38:01.960
<v Speaker 2>stock in trade and of growth.

743
00:38:02.039 --> 00:38:02.239
<v Speaker 1>Yeah.

744
00:38:02.639 --> 00:38:06.199
<v Speaker 2>I mean China right now is trying to sort of

745
00:38:06.199 --> 00:38:10.199
<v Speaker 2>belatedly realize that their policy of having a financial you know,

746
00:38:10.239 --> 00:38:13.079
<v Speaker 2>bamboo curtain around China and you know, preventing the art

747
00:38:13.239 --> 00:38:16.199
<v Speaker 2>that the Red men be from being used internationally for

748
00:38:16.239 --> 00:38:19.159
<v Speaker 2>fear that it might become be destabilized or something like this.

749
00:38:19.320 --> 00:38:21.000
<v Speaker 2>They're finally realizing, if we really want to compete with

750
00:38:21.000 --> 00:38:24.320
<v Speaker 2>the United States, we have to try to internationalize, to

751
00:38:24.360 --> 00:38:26.360
<v Speaker 2>globalize the Red men b and make it an alternative

752
00:38:26.360 --> 00:38:29.280
<v Speaker 2>to the US dollar. But they have one major disadvantage,

753
00:38:29.280 --> 00:38:32.760
<v Speaker 2>and that is that China has no oil. They don't

754
00:38:33.079 --> 00:38:35.679
<v Speaker 2>none that anyone's aware of. They're completely in an oil

755
00:38:35.719 --> 00:38:39.920
<v Speaker 2>and gas importing country from Russia and other places, and

756
00:38:40.000 --> 00:38:42.119
<v Speaker 2>so they they're not a power player.

757
00:38:42.960 --> 00:38:44.480
<v Speaker 1>Yeah, and you go back and look at it. I mean,

758
00:38:44.519 --> 00:38:47.440
<v Speaker 1>oil is foundational to so many of our wars, and

759
00:38:47.519 --> 00:38:50.000
<v Speaker 1>you know, as well as to the economy. And if

760
00:38:50.000 --> 00:38:52.880
<v Speaker 1>you go back to the nineteen thirties and the technocrats

761
00:38:52.880 --> 00:38:55.880
<v Speaker 1>and the technocracy incorporated and so forth, they were talking

762
00:38:55.920 --> 00:39:01.800
<v Speaker 1>about essentially getting rid of money and evaluating everything in

763
00:39:01.880 --> 00:39:04.440
<v Speaker 1>terms of energy usage. And of course you got a

764
00:39:04.480 --> 00:39:09.079
<v Speaker 1>lot of people who buy into that technocracy philosophy, people

765
00:39:09.159 --> 00:39:13.360
<v Speaker 1>like Teal and Musk or around Trump and you, yeah, exactly,

766
00:39:13.400 --> 00:39:16.519
<v Speaker 1>And so you know, I think this whole idea that

767
00:39:17.000 --> 00:39:20.360
<v Speaker 1>for them it makes sense to evaluate things in terms

768
00:39:20.360 --> 00:39:22.480
<v Speaker 1>of energy, and of course the energy would be the

769
00:39:22.480 --> 00:39:26.760
<v Speaker 1>barrel of oil still as a practical matter, So I

770
00:39:26.760 --> 00:39:29.079
<v Speaker 1>think that's the foundation of a lot of this stuff

771
00:39:29.119 --> 00:39:29.800
<v Speaker 1>that we're seeing here.

772
00:39:30.880 --> 00:39:31.360
<v Speaker 2>Yeah.

773
00:39:31.400 --> 00:39:32.480
<v Speaker 1>Absolutely, Yeah.

774
00:39:32.840 --> 00:39:34.679
<v Speaker 2>So while we talk.

775
00:39:34.559 --> 00:39:37.519
<v Speaker 1>About that, I mean, the UN, though, sees that their

776
00:39:37.599 --> 00:39:42.039
<v Speaker 1>power basis is kind of using what I call mcguffin,

777
00:39:42.159 --> 00:39:44.519
<v Speaker 1>because that goes back to what Hitchcock said, you know,

778
00:39:44.559 --> 00:39:47.559
<v Speaker 1>it's basically just something that you put out there to

779
00:39:47.920 --> 00:39:51.800
<v Speaker 1>control the narrative. And so their basis is to try

780
00:39:51.840 --> 00:39:56.719
<v Speaker 1>to also control energy by restricting it, by taxing it

781
00:39:56.840 --> 00:39:59.360
<v Speaker 1>and so forth. And you had an interesting article on

782
00:39:59.400 --> 00:40:02.800
<v Speaker 1>The New America about the UN tax And we see

783
00:40:02.800 --> 00:40:06.920
<v Speaker 1>something being done right by Trump here. I have been

784
00:40:07.039 --> 00:40:09.360
<v Speaker 1>very critical most of Trump's policies, but I think one

785
00:40:09.400 --> 00:40:13.039
<v Speaker 1>place where he has done a far better job than

786
00:40:13.079 --> 00:40:15.079
<v Speaker 1>any of the other presidents has been on the energy

787
00:40:15.119 --> 00:40:17.320
<v Speaker 1>issue in both the first term and now I think

788
00:40:17.320 --> 00:40:19.639
<v Speaker 1>in the second term. It's still not perfect. There's many

789
00:40:19.639 --> 00:40:22.159
<v Speaker 1>things that are still left out of it. But they

790
00:40:22.159 --> 00:40:25.840
<v Speaker 1>put their foot down against this UN global tax on shipping.

791
00:40:25.840 --> 00:40:26.880
<v Speaker 1>Tell us a little bit about that.

792
00:40:27.679 --> 00:40:29.599
<v Speaker 2>Yeah, well, so this is something that has been in

793
00:40:29.639 --> 00:40:31.519
<v Speaker 2>the works for a number of years at the behest

794
00:40:31.559 --> 00:40:35.199
<v Speaker 2>of the IMO, the International Maritime Organization, which is a

795
00:40:35.239 --> 00:40:38.840
<v Speaker 2>little known UN appendage. It's part of the UN, and

796
00:40:38.920 --> 00:40:43.199
<v Speaker 2>its job is to regulate shippings. By the way, there's

797
00:40:43.880 --> 00:40:47.239
<v Speaker 2>a corresponding organization to regulate aviation and they're trying to

798
00:40:47.239 --> 00:40:49.960
<v Speaker 2>do the same thing to instigate a global tax on

799
00:40:50.800 --> 00:40:54.079
<v Speaker 2>aviation fuel as well. But that's another story. So that

800
00:40:54.159 --> 00:40:58.679
<v Speaker 2>the shipping tax is potentially a tectonic event because it

801
00:40:58.719 --> 00:41:02.039
<v Speaker 2>would represent, I mean, irrespective of what kind of taxes,

802
00:41:02.119 --> 00:41:05.679
<v Speaker 2>it would be the first time that the United Nations

803
00:41:05.920 --> 00:41:09.320
<v Speaker 2>would have independent taxing authority.

804
00:41:09.039 --> 00:41:12.000
<v Speaker 1>And they have to have that. Yeah, well, and they

805
00:41:12.039 --> 00:41:14.440
<v Speaker 1>have to have that to be a powerhouse. Really, you know,

806
00:41:14.519 --> 00:41:16.239
<v Speaker 1>you got to first you got to have the ability

807
00:41:16.239 --> 00:41:18.840
<v Speaker 1>to tax, and you have to have the ability to

808
00:41:18.920 --> 00:41:19.880
<v Speaker 1>raise an army.

809
00:41:20.239 --> 00:41:23.480
<v Speaker 2>Right, Yeah, And so those are two things that politically

810
00:41:23.559 --> 00:41:26.559
<v Speaker 2>were not palatable. Back in the mid nineteen forties when

811
00:41:26.559 --> 00:41:29.599
<v Speaker 2>the UN and also the Breton Woods system were set up.

812
00:41:30.920 --> 00:41:32.719
<v Speaker 2>The people who set up would have dearly liked to

813
00:41:32.760 --> 00:41:35.880
<v Speaker 2>have proclaimed the UN a world government then, but knew

814
00:41:35.920 --> 00:41:38.679
<v Speaker 2>that that was not feasible, and so they created an

815
00:41:38.800 --> 00:41:42.840
<v Speaker 2>organization that could be the framework could be. It could

816
00:41:42.840 --> 00:41:47.079
<v Speaker 2>be gradually filled out over time and turn into a

817
00:41:47.079 --> 00:41:49.039
<v Speaker 2>world gogo. Which is why the UN looks like a government.

818
00:41:49.039 --> 00:41:51.960
<v Speaker 2>Why it has, you know, basically a bicameral legislature you

819
00:41:51.960 --> 00:41:54.719
<v Speaker 2>know as a Security Council and the General Assembly, and

820
00:41:54.920 --> 00:41:59.599
<v Speaker 2>has or purports to have executive, legislative and judicial powers

821
00:41:59.599 --> 00:42:01.519
<v Speaker 2>and all this type of thing. There's a reason for

822
00:42:01.559 --> 00:42:03.800
<v Speaker 2>all of that, okay, But what the UN doesn't have

823
00:42:05.119 --> 00:42:08.119
<v Speaker 2>de facto is the number one you mentioned, a military.

824
00:42:08.400 --> 00:42:10.639
<v Speaker 2>I mean, to the extent that there's a UN military

825
00:42:10.639 --> 00:42:13.840
<v Speaker 2>at all. It's crucially dependent on the willingness of member

826
00:42:13.880 --> 00:42:17.400
<v Speaker 2>states and to contribute troops to serve under UN command.

827
00:42:17.480 --> 00:42:21.840
<v Speaker 2>But they don't have the authority to levy their own troops,

828
00:42:21.880 --> 00:42:24.280
<v Speaker 2>you know, to conscript people. They don't have their own

829
00:42:24.280 --> 00:42:27.519
<v Speaker 2>independent military. And the same is true of taxation. All

830
00:42:27.840 --> 00:42:31.320
<v Speaker 2>government's worth their salt you know, have the authority the

831
00:42:31.360 --> 00:42:34.960
<v Speaker 2>power to raid to levy taxes, which the UN doesn't.

832
00:42:34.960 --> 00:42:36.519
<v Speaker 2>I mean, so, I mean how does it get funded? Well,

833
00:42:36.519 --> 00:42:39.840
<v Speaker 2>primarily by again by by by donations from member states,

834
00:42:39.880 --> 00:42:42.960
<v Speaker 2>membership fees and the like. That's been a great has

835
00:42:43.159 --> 00:42:47.599
<v Speaker 2>curtailed the UN's ability to live up to the potential

836
00:42:47.880 --> 00:42:52.199
<v Speaker 2>envisaged by its founders. But now if and you know,

837
00:42:52.519 --> 00:42:54.960
<v Speaker 2>we were warning about this, I and my colleague Alex

838
00:42:55.000 --> 00:42:57.559
<v Speaker 2>new in particular written a number of articles on this

839
00:42:57.639 --> 00:42:59.880
<v Speaker 2>impending global tax and shipping, which has been in the

840
00:43:00.079 --> 00:43:02.119
<v Speaker 2>making for you know, five six years. It's kind of

841
00:43:02.159 --> 00:43:05.000
<v Speaker 2>been out there, and we fully expected that it was

842
00:43:05.000 --> 00:43:07.079
<v Speaker 2>going to going to happen this year and that would

843
00:43:07.119 --> 00:43:10.199
<v Speaker 2>represent the first time that the UN was able to

844
00:43:10.239 --> 00:43:14.400
<v Speaker 2>collect to have its own revenue stream, okay, and and

845
00:43:14.400 --> 00:43:16.400
<v Speaker 2>it won't be the last, I mean, if if it's passed.

846
00:43:16.679 --> 00:43:21.280
<v Speaker 2>There are other ideas out there, like taxing international uh

847
00:43:21.480 --> 00:43:25.400
<v Speaker 2>transactions of the internet tax obviously, a carbon tax of

848
00:43:25.960 --> 00:43:29.320
<v Speaker 2>fuel as another as another major one, things like a

849
00:43:29.400 --> 00:43:32.679
<v Speaker 2>global income tax and global property taxes for further down

850
00:43:32.719 --> 00:43:35.920
<v Speaker 2>the road. But certainly they you know, that's they kind

851
00:43:35.920 --> 00:43:38.440
<v Speaker 2>of hope for that as well. And in this case,

852
00:43:38.519 --> 00:43:41.639
<v Speaker 2>you know, the what happened was that the Trump administration

853
00:43:42.239 --> 00:43:45.559
<v Speaker 2>in a rare I have to say, a rare spasm

854
00:43:45.679 --> 00:43:50.480
<v Speaker 2>of ideological clarity. Yeah, Trump himself said, this is an

855
00:43:50.559 --> 00:43:55.119
<v Speaker 2>unconstitutional global tax. It's not happening, and if anyone tries

856
00:43:55.159 --> 00:43:57.119
<v Speaker 2>to make this happen, we're going to impose, you know,

857
00:43:57.199 --> 00:43:59.760
<v Speaker 2>severe penalties on them and so forth. And the result

858
00:43:59.800 --> 00:44:02.320
<v Speaker 2>was that some countries, including Argentina, by the way, which

859
00:44:02.360 --> 00:44:05.719
<v Speaker 2>earlier this year abstained from voting on the measure. They

860
00:44:05.800 --> 00:44:08.119
<v Speaker 2>kind of tried to wiggle their way through it. They

861
00:44:08.159 --> 00:44:11.360
<v Speaker 2>they turned into a firm no vote. And on the

862
00:44:11.360 --> 00:44:13.880
<v Speaker 2>other hand, you know, Brazil, China and most of the

863
00:44:13.920 --> 00:44:17.679
<v Speaker 2>EU certainly you know, Great the UK are supporters of

864
00:44:17.719 --> 00:44:21.199
<v Speaker 2>the measure, but the but Saudi Arabia and the other

865
00:44:21.280 --> 00:44:24.880
<v Speaker 2>major petroleum exporting countries, a lot of countries that are

866
00:44:24.920 --> 00:44:28.719
<v Speaker 2>crucially dependent on cruise lines, like the Caribbean nations for

867
00:44:28.880 --> 00:44:31.840
<v Speaker 2>for their for their economic well being, were all opposed

868
00:44:31.840 --> 00:44:34.280
<v Speaker 2>to it and ended up being a very slim vote no.

869
00:44:34.400 --> 00:44:37.159
<v Speaker 2>But it's not really no, okay. So so what they

870
00:44:37.159 --> 00:44:39.880
<v Speaker 2>were going to basically at at this at the I

871
00:44:40.079 --> 00:44:44.199
<v Speaker 2>m O summit in London, they were supposed to rubber

872
00:44:44.239 --> 00:44:46.159
<v Speaker 2>stamp this thing, and another year or two it's going

873
00:44:46.199 --> 00:44:48.440
<v Speaker 2>to start coming into effect in the UN. We'll start

874
00:44:48.639 --> 00:44:52.000
<v Speaker 2>having all this money coming in ostensibly in the name

875
00:44:52.119 --> 00:44:56.440
<v Speaker 2>of of of you know, of reducing carbon emissions and

876
00:44:56.440 --> 00:44:59.719
<v Speaker 2>and and and moving forward to the net zero twenty

877
00:44:59.719 --> 00:45:03.880
<v Speaker 2>fifth e goal and all that stuff. Okay, And instead

878
00:45:04.559 --> 00:45:06.159
<v Speaker 2>they were they were on the verge of saying it's

879
00:45:06.199 --> 00:45:09.400
<v Speaker 2>just not going to happen. But in the last minute

880
00:45:10.079 --> 00:45:14.199
<v Speaker 2>active of parliamentary ledger demand, a couple of the people said, oh, well,

881
00:45:14.239 --> 00:45:16.199
<v Speaker 2>you know, well, here's what we'll do. We'll vote to

882
00:45:16.280 --> 00:45:19.079
<v Speaker 2>table the thing for a year. So that's what they did, said, Okay,

883
00:45:19.119 --> 00:45:20.360
<v Speaker 2>we're not going to make a decision right now. We're

884
00:45:20.360 --> 00:45:21.800
<v Speaker 2>going to meet again a year from now. And of

885
00:45:21.800 --> 00:45:24.199
<v Speaker 2>course they're hoping. It's hope that the politics will change

886
00:45:24.199 --> 00:45:26.480
<v Speaker 2>by them. And this is what they always do. This

887
00:45:26.559 --> 00:45:29.440
<v Speaker 2>is how the globalists operate. If once you don't succeed,

888
00:45:29.719 --> 00:45:33.239
<v Speaker 2>you try, try, try, try, try again, until eventually you

889
00:45:33.280 --> 00:45:34.159
<v Speaker 2>get the result that you want.

890
00:45:34.199 --> 00:45:35.440
<v Speaker 1>So this is not going away.

891
00:45:35.960 --> 00:45:38.719
<v Speaker 2>Who to Trump, you know, give credit where credit is due.

892
00:45:38.800 --> 00:45:41.320
<v Speaker 1>It's like the Who's Pandemic treaty. You know, they get

893
00:45:41.320 --> 00:45:43.519
<v Speaker 1>shut down, they keep coming back, the relentless they're going

894
00:45:43.559 --> 00:45:45.920
<v Speaker 1>to keep having back and changing a little thing, or

895
00:45:46.400 --> 00:45:48.320
<v Speaker 1>or maybe just bringing it up as it was, you know,

896
00:45:48.400 --> 00:45:50.639
<v Speaker 1>for another one of these things. And it's kind of interesting,

897
00:45:50.679 --> 00:45:53.360
<v Speaker 1>you know, because we've we've kind of seen this pattern,

898
00:45:53.840 --> 00:45:56.159
<v Speaker 1>and of course it's a big name. Brazinski was all

899
00:45:56.199 --> 00:45:59.039
<v Speaker 1>about this in terms of, you know, creating the Trilateral

900
00:45:59.079 --> 00:46:03.800
<v Speaker 1>Commission and these different economic areas, creating trade groups that

901
00:46:03.880 --> 00:46:08.039
<v Speaker 1>would essentially have some economic control over people, and then

902
00:46:08.360 --> 00:46:12.199
<v Speaker 1>unifying those trade groups into a political entity. That's the

903
00:46:12.280 --> 00:46:14.840
<v Speaker 1>pattern that we saw happening in Europe with the Common

904
00:46:14.920 --> 00:46:18.679
<v Speaker 1>Market then becoming you know, going in with more and

905
00:46:18.800 --> 00:46:22.920
<v Speaker 1>more economic control in the marketplace, and then finally coming

906
00:46:22.960 --> 00:46:25.000
<v Speaker 1>in with the euro and things like that. Now they're

907
00:46:25.079 --> 00:46:28.360
<v Speaker 1>moving to you know, after they establish more and more

908
00:46:28.360 --> 00:46:32.159
<v Speaker 1>political control of people. Probably all of this push with

909
00:46:32.760 --> 00:46:36.199
<v Speaker 1>Ukraine everything is to give them a European army, which

910
00:46:36.239 --> 00:46:39.920
<v Speaker 1>they denied they were doing as Brexit was happening. There's

911
00:46:40.360 --> 00:46:42.400
<v Speaker 1>reports they wanted to European army. Oh no, no, we

912
00:46:42.440 --> 00:46:44.760
<v Speaker 1>don't want that. Now they're talking about it openly, and

913
00:46:45.320 --> 00:46:47.400
<v Speaker 1>so we see these types of things. It's kind of

914
00:46:47.480 --> 00:46:50.639
<v Speaker 1>interesting that the UN has taken. You know, you can

915
00:46:51.039 --> 00:46:54.440
<v Speaker 1>unify people economically, then unified them politically to create this

916
00:46:54.599 --> 00:46:58.039
<v Speaker 1>large governing block, and then and then bring those blocks

917
00:46:58.119 --> 00:47:01.480
<v Speaker 1>together into a world government. But in the case of

918
00:47:01.519 --> 00:47:04.280
<v Speaker 1>the UN, they're doing it politically and now they're moving

919
00:47:04.360 --> 00:47:07.000
<v Speaker 1>into the economic stage, kind of doing it in reverse order.

920
00:47:07.079 --> 00:47:11.320
<v Speaker 1>Either way, it's that same goal of consolidation and centralization,

921
00:47:11.480 --> 00:47:11.760
<v Speaker 1>isn't it.

922
00:47:12.320 --> 00:47:15.199
<v Speaker 2>Yes, and using as an entering wedge things like trade

923
00:47:15.199 --> 00:47:18.119
<v Speaker 2>and economics in ef fact, as of course the Europeans

924
00:47:18.159 --> 00:47:19.920
<v Speaker 2>did way back in nineteen fifties. Oh no, no, this

925
00:47:20.039 --> 00:47:23.039
<v Speaker 2>isn't political. This is just about free trade and open borders,

926
00:47:23.079 --> 00:47:26.639
<v Speaker 2>and obviously who can oppose such positive sounding axioms, right,

927
00:47:26.960 --> 00:47:29.639
<v Speaker 2>But of course, as it turned out, it was about

928
00:47:29.679 --> 00:47:31.159
<v Speaker 2>much more than that. And then they're trying to do

929
00:47:31.239 --> 00:47:33.320
<v Speaker 2>the same thing here in the New World. They did

930
00:47:33.440 --> 00:47:35.920
<v Speaker 2>with the FTAA of a generation ago that ultimately kind

931
00:47:35.920 --> 00:47:38.159
<v Speaker 2>of fell apart. They tried to create, you know, a

932
00:47:38.840 --> 00:47:41.360
<v Speaker 2>from Canada to Tierra del Fuego, you know, this free

933
00:47:41.440 --> 00:47:45.159
<v Speaker 2>trade zone ostensibly free trade zone, and that eventually didn't

934
00:47:45.199 --> 00:47:47.280
<v Speaker 2>work out. But they're still working on me. You know,

935
00:47:48.519 --> 00:47:50.719
<v Speaker 2>the fact that we have a sort of a customs agreement,

936
00:47:50.719 --> 00:47:53.880
<v Speaker 2>a trade agreement amongst the US, Canada and Mexico. There

937
00:47:53.920 --> 00:47:56.320
<v Speaker 2>are souls out there who want to transform that into

938
00:47:56.360 --> 00:47:59.280
<v Speaker 2>some kind of a broader you know, North American political union,

939
00:48:00.000 --> 00:48:03.199
<v Speaker 2>and people like Mark Carney, you know, openly talk about

940
00:48:03.199 --> 00:48:06.199
<v Speaker 2>then his predecessor, Justin Trudeau up in Canada. We are

941
00:48:06.280 --> 00:48:09.199
<v Speaker 2>very well aware of this, and certainly some of the

942
00:48:09.400 --> 00:48:12.000
<v Speaker 2>you know, the people in Washington as well, know that

943
00:48:12.119 --> 00:48:15.599
<v Speaker 2>that's the real goal. You use trade and you persuade

944
00:48:15.639 --> 00:48:18.639
<v Speaker 2>people of the advisability of having open borders and free trade,

945
00:48:18.639 --> 00:48:21.400
<v Speaker 2>and then you work towards the political convergence.

946
00:48:21.880 --> 00:48:25.239
<v Speaker 1>That's right. And of course I remember when Trump did

947
00:48:25.559 --> 00:48:27.440
<v Speaker 1>said I'm going to get rid of NAFTA. We don't

948
00:48:27.480 --> 00:48:29.320
<v Speaker 1>like NAFTA, so I'm going to do the USMC.

949
00:48:29.280 --> 00:48:30.199
<v Speaker 2>Replace it with something else.

950
00:48:30.320 --> 00:48:32.880
<v Speaker 1>Yeah, and you guys were spot on at the New

951
00:48:32.920 --> 00:48:36.239
<v Speaker 1>American and saying that, well, the USMC A is is

952
00:48:36.320 --> 00:48:38.800
<v Speaker 1>not really fundamentally different from NAFTA. There's just been some

953
00:48:38.880 --> 00:48:40.840
<v Speaker 1>tweaking and some other stuff. So what do you make

954
00:48:40.920 --> 00:48:45.039
<v Speaker 1>of the fact that Trump began this administration by attacking

955
00:48:45.079 --> 00:48:47.039
<v Speaker 1>a lot of the same agreements that he was boasting

956
00:48:47.079 --> 00:48:52.039
<v Speaker 1>about in his first administration, coming after Mexico, coming after Canada,

957
00:48:52.039 --> 00:48:56.960
<v Speaker 1>even accusing Canada bringing fentonal onto the country. What do

958
00:48:57.039 --> 00:48:59.119
<v Speaker 1>you make of that? Has he changed? Does he not

959
00:48:59.199 --> 00:49:02.039
<v Speaker 1>want to have this yeah, unification that is there with

960
00:49:02.679 --> 00:49:05.840
<v Speaker 1>with Mexico and Canada, this's economic unification.

961
00:49:06.599 --> 00:49:09.559
<v Speaker 2>Well, there's some evidence that his he did learn some

962
00:49:09.760 --> 00:49:13.920
<v Speaker 2>things during his four years in the political wilderness. Obviously,

963
00:49:14.000 --> 00:49:16.880
<v Speaker 2>certainly experiencing the you know, the brunt of lawfare and

964
00:49:16.920 --> 00:49:18.679
<v Speaker 2>all that had an effect on him.

965
00:49:18.719 --> 00:49:19.760
<v Speaker 1>But more than that, I.

966
00:49:19.800 --> 00:49:23.199
<v Speaker 2>Suspect that he's actually done something that he probably hasn't

967
00:49:23.239 --> 00:49:25.000
<v Speaker 2>done a lot of in his adult life, and that's

968
00:49:25.480 --> 00:49:28.760
<v Speaker 2>done some serious reading about some of these issues. This

969
00:49:28.880 --> 00:49:31.159
<v Speaker 2>is the one, you know, the thing about moneymen, A

970
00:49:31.280 --> 00:49:32.960
<v Speaker 2>lot of money men that they're so busy doing what

971
00:49:33.039 --> 00:49:35.639
<v Speaker 2>they do they don't take the time to really read.

972
00:49:35.920 --> 00:49:37.360
<v Speaker 2>And so while you know, I mean, I think a

973
00:49:37.400 --> 00:49:40.239
<v Speaker 2>lot of Trump's instincts are spot on. You know, he's

974
00:49:40.360 --> 00:49:44.440
<v Speaker 2>instinctively hues toward freedom and so forth, he doesn't really

975
00:49:44.960 --> 00:49:47.599
<v Speaker 2>have a strong understanding of a lot of these issues,

976
00:49:47.639 --> 00:49:50.039
<v Speaker 2>and he relies on his advisors and this kind of thing,

977
00:49:50.280 --> 00:49:51.639
<v Speaker 2>and he does seem to have a different crop of

978
00:49:51.679 --> 00:49:55.039
<v Speaker 2>advisors his first his first time around, you know, he

979
00:49:55.440 --> 00:49:57.360
<v Speaker 2>bought in the idea, well, I need to surround myself

980
00:49:57.440 --> 00:50:00.760
<v Speaker 2>with policy experts, and in practice that usually means people

981
00:50:00.840 --> 00:50:04.639
<v Speaker 2>of CFR and trilateral's pedigree. And that's why we had

982
00:50:04.639 --> 00:50:07.480
<v Speaker 2>that revolving door of Secretary of State and this kind

983
00:50:07.480 --> 00:50:10.159
<v Speaker 2>of thing under the first Trump administration. And he's constantly

984
00:50:10.199 --> 00:50:13.039
<v Speaker 2>feuding with his cabinet as because he'd appoint people who

985
00:50:13.119 --> 00:50:17.440
<v Speaker 2>were basically globalist and elitists and thought differently than he did,

986
00:50:17.800 --> 00:50:20.599
<v Speaker 2>but they were sold to him by his circle of advisors.

987
00:50:20.679 --> 00:50:22.599
<v Speaker 2>Well you need to have, you know, your newcomer to Washington,

988
00:50:22.599 --> 00:50:25.119
<v Speaker 2>so you need to have these these seasoned experts, you know,

989
00:50:25.239 --> 00:50:27.159
<v Speaker 2>helping me quickly realize I don't like what they're telling

990
00:50:27.239 --> 00:50:30.079
<v Speaker 2>me to do. And so this time around he does

991
00:50:30.159 --> 00:50:32.760
<v Speaker 2>seem to have made wiser choices in that regard.

992
00:50:33.199 --> 00:50:36.159
<v Speaker 1>In fact, ergunately, he's got this one, really really bad

993
00:50:36.239 --> 00:50:40.400
<v Speaker 1>hangover Peter Navarro, who came up with those reciprocal tariffs

994
00:50:40.440 --> 00:50:43.440
<v Speaker 1>in that chart that was just utter nonsense.

995
00:50:43.840 --> 00:50:46.280
<v Speaker 2>And has been in prison. So he's got a chip

996
00:50:46.360 --> 00:50:49.440
<v Speaker 2>on his shoulder. Yeah, yeah, So maybe he's trying to

997
00:50:50.159 --> 00:50:52.760
<v Speaker 2>Scott Besant is the one guy in this Trump administration

998
00:50:52.880 --> 00:50:55.559
<v Speaker 2>that is kind of cut from that cloth, this kind

999
00:50:55.559 --> 00:50:59.440
<v Speaker 2>of establishment type guy, and most of the rest of

1000
00:50:59.519 --> 00:51:01.599
<v Speaker 2>them are you know, I mean, there's a lot to

1001
00:51:01.639 --> 00:51:06.360
<v Speaker 2>quibble with. Certainly there's certainly no Ron Paul or Thomas Massey.

1002
00:51:06.760 --> 00:51:10.760
<v Speaker 1>But you know, yeah, and you know, you get back

1003
00:51:10.840 --> 00:51:15.280
<v Speaker 1>to Scott Bessett and where we began with Argentina. When

1004
00:51:15.360 --> 00:51:18.119
<v Speaker 1>you look at this, the beginning of his twenty billion

1005
00:51:18.199 --> 00:51:23.519
<v Speaker 1>dollars bailout to Argentina, this hasn't gone very well. Actually,

1006
00:51:23.880 --> 00:51:26.679
<v Speaker 1>you know, the Paso, the Argentine Paeso has continued to

1007
00:51:26.719 --> 00:51:30.320
<v Speaker 1>go down in spite of his financial lovers that he's

1008
00:51:30.320 --> 00:51:31.599
<v Speaker 1>been pulling. Yeah.

1009
00:51:31.639 --> 00:51:33.199
<v Speaker 2>Well, and I mean again, as much as I love

1010
00:51:33.320 --> 00:51:37.599
<v Speaker 2>Melea and Argentina, we have no you know, the president

1011
00:51:37.679 --> 00:51:41.559
<v Speaker 2>has no constitutional power to bail out other countries, even

1012
00:51:41.639 --> 00:51:43.639
<v Speaker 2>via currency. So I mean Clinton did that with Mexico

1013
00:51:43.719 --> 00:51:45.480
<v Speaker 2>back in the mid nineteen nineties and got into all

1014
00:51:45.599 --> 00:51:49.079
<v Speaker 2>kinds of trouble. He exchanged stabilization fund in his case,

1015
00:51:49.440 --> 00:51:52.679
<v Speaker 2>to just up and send money to Mexico to stabilize

1016
00:51:52.719 --> 00:51:55.079
<v Speaker 2>the Mexican treasuries and all that type of thing. Whereas

1017
00:51:55.559 --> 00:51:57.239
<v Speaker 2>you know, best and said, well, it's a currency swap.

1018
00:51:57.280 --> 00:51:58.559
<v Speaker 2>Well what does that mean. It means that we go

1019
00:51:58.679 --> 00:52:01.719
<v Speaker 2>in and buy their worthless currency with our somewhat less

1020
00:52:01.760 --> 00:52:06.480
<v Speaker 2>worthless currency. So you know, that's that's pretty much what's happened.

1021
00:52:06.880 --> 00:52:09.840
<v Speaker 2>And yeah, I mean, we'll see. The elections in Argentina

1022
00:52:09.840 --> 00:52:13.159
<v Speaker 2>are coming up this weekend. It's circle and we'll see

1023
00:52:13.199 --> 00:52:15.159
<v Speaker 2>what happens. Mela will be president one way or the

1024
00:52:15.159 --> 00:52:19.000
<v Speaker 2>other for two more years presumably, but whether or not

1025
00:52:19.119 --> 00:52:23.599
<v Speaker 2>he has a more compliant Congress is very much in

1026
00:52:23.679 --> 00:52:24.360
<v Speaker 2>doubt at this point.

1027
00:52:24.400 --> 00:52:27.159
<v Speaker 1>We'll see. Yeah, yeah, Well, and again, I think a

1028
00:52:27.280 --> 00:52:30.360
<v Speaker 1>big part of what we're seeing happening in the backfire

1029
00:52:30.559 --> 00:52:35.079
<v Speaker 1>of Bessence policy is the de dollarization that's going on internationally,

1030
00:52:35.079 --> 00:52:37.559
<v Speaker 1>and people are walking away from the dollar because it

1031
00:52:37.639 --> 00:52:41.280
<v Speaker 1>was weaponized by Biden and continuing to be weaponized by Trump.

1032
00:52:41.920 --> 00:52:44.480
<v Speaker 1>They want a different financial system. They're moving to gold,

1033
00:52:44.599 --> 00:52:47.239
<v Speaker 1>or they're trying to establish bricks or something like that.

1034
00:52:47.639 --> 00:52:50.440
<v Speaker 1>And just to I think it is also a harbinger

1035
00:52:51.000 --> 00:52:54.960
<v Speaker 1>of the declining power of the dollar financial system that's there.

1036
00:52:55.039 --> 00:52:57.320
<v Speaker 2>What do you think, Well, absolutely, I mean, I mean,

1037
00:52:57.360 --> 00:52:59.920
<v Speaker 2>you know, and this is something again, as with military power.

1038
00:53:00.719 --> 00:53:04.800
<v Speaker 2>We're loath to admit that that the state of affairs

1039
00:53:05.079 --> 00:53:08.400
<v Speaker 2>that we have all come to accept as natural for

1040
00:53:08.480 --> 00:53:11.199
<v Speaker 2>the past several generations, to wit, that the dollar is

1041
00:53:11.280 --> 00:53:14.119
<v Speaker 2>going to be forever and ever. Amen, you know, the

1042
00:53:14.199 --> 00:53:17.400
<v Speaker 2>world's dominant currency, that that that could ever change. But again,

1043
00:53:17.480 --> 00:53:19.599
<v Speaker 2>you know, the Germans thought the same up through World

1044
00:53:19.639 --> 00:53:23.639
<v Speaker 2>War One. I mean, you know, the German mark was was,

1045
00:53:23.920 --> 00:53:27.519
<v Speaker 2>you know, alongside the British pound, and we get it.

1046
00:53:27.679 --> 00:53:29.599
<v Speaker 2>You know, also adduced that the example of the British pound,

1047
00:53:29.599 --> 00:53:31.920
<v Speaker 2>which up util World War two was the world's great

1048
00:53:32.320 --> 00:53:36.320
<v Speaker 2>great currency. Where's the pound today? Where's the mark? Well,

1049
00:53:36.320 --> 00:53:38.199
<v Speaker 2>the mark doesn't even exist anymore. We know about German

1050
00:53:38.280 --> 00:53:42.960
<v Speaker 2>hyperinflation after World War One. So yeah, and here's the

1051
00:53:43.000 --> 00:53:48.000
<v Speaker 2>thing too, you know, the triggers for calamitous hyperinflation, you know,

1052
00:53:48.039 --> 00:53:53.559
<v Speaker 2>Weimar Republic style hyperinflation usually are major traumatic events like

1053
00:53:53.599 --> 00:53:57.880
<v Speaker 2>a civil war or a major military loss. And so

1054
00:53:58.159 --> 00:54:00.599
<v Speaker 2>if the other things that we talk about pass, you know,

1055
00:54:00.599 --> 00:54:03.679
<v Speaker 2>if the civil unrest continues, if the United States gets involved,

1056
00:54:04.079 --> 00:54:07.760
<v Speaker 2>you know, in some kind of major world war starting

1057
00:54:07.800 --> 00:54:10.800
<v Speaker 2>over Taiwan or Ukraine or something like that, you know,

1058
00:54:10.880 --> 00:54:15.079
<v Speaker 2>these things could all prove the death knell to dollar supremacy. Yes,

1059
00:54:15.159 --> 00:54:18.440
<v Speaker 2>because because you know, potentially, at least you know, could

1060
00:54:18.559 --> 00:54:22.199
<v Speaker 2>just absolutely detonate a bomb in the middle of our

1061
00:54:22.199 --> 00:54:26.000
<v Speaker 2>American sense of confidence and complacency about the dollar.

1062
00:54:26.400 --> 00:54:28.559
<v Speaker 1>And I think a lot of people see that. I

1063
00:54:28.639 --> 00:54:31.519
<v Speaker 1>think that is fundamental to a lot of this move

1064
00:54:32.559 --> 00:54:35.440
<v Speaker 1>into gold and silver away from the dollar that we're seeing.

1065
00:54:36.000 --> 00:54:41.079
<v Speaker 1>And and of course again the weaponization of this financial

1066
00:54:41.119 --> 00:54:44.239
<v Speaker 1>system that we set up. We're destroying it ourselves, even

1067
00:54:44.280 --> 00:54:45.960
<v Speaker 1>if we don't do it from within. But there's a

1068
00:54:46.039 --> 00:54:49.079
<v Speaker 1>lot of issues that are coming up within, so very

1069
00:54:49.119 --> 00:54:52.480
<v Speaker 1>important that people keep their ear to the ground. And

1070
00:54:52.760 --> 00:54:54.519
<v Speaker 1>one of the great places to do that is at

1071
00:54:54.639 --> 00:54:58.159
<v Speaker 1>Thenewamerican dot com. Thank you so much, Steve for joining us.

1072
00:54:58.480 --> 00:55:03.039
<v Speaker 1>Our guest has been Steve Bonta, who is who is

1073
00:55:03.159 --> 00:55:07.159
<v Speaker 1>the publisher of The New American, And it's always a

1074
00:55:07.239 --> 00:55:11.440
<v Speaker 1>pleasure to have people on from JBS. And I just

1075
00:55:11.760 --> 00:55:15.480
<v Speaker 1>I want to see more stories out there about concern

1076
00:55:15.679 --> 00:55:19.599
<v Speaker 1>about the federalization of policing and other things like that,

1077
00:55:19.679 --> 00:55:21.760
<v Speaker 1>because I tell you, I'm just going back. I talked

1078
00:55:21.760 --> 00:55:24.079
<v Speaker 1>about it constantly. I said whether John Birst Society was

1079
00:55:24.159 --> 00:55:27.239
<v Speaker 1>like sixty years ahead of the rest of everybody when

1080
00:55:27.280 --> 00:55:30.239
<v Speaker 1>they talked about the dangers of the federalization of the

1081
00:55:30.320 --> 00:55:32.920
<v Speaker 1>police and the militarization of the police. You know, back

1082
00:55:32.920 --> 00:55:35.960
<v Speaker 1>in the nineteen sixties. Support your local share for whatever.

1083
00:55:36.079 --> 00:55:39.519
<v Speaker 1>That is more important than ever, I think, And we've

1084
00:55:39.519 --> 00:55:42.159
<v Speaker 1>got to be careful that we don't move into that

1085
00:55:42.400 --> 00:55:45.599
<v Speaker 1>because of a particular goal that we have. We have

1086
00:55:45.760 --> 00:55:49.159
<v Speaker 1>to be mindful of the precedents that we're setting and

1087
00:55:49.639 --> 00:55:52.519
<v Speaker 1>of the means that we're using, because those are going

1088
00:55:52.559 --> 00:55:53.559
<v Speaker 1>to be the things that are going to be used

1089
00:55:53.599 --> 00:55:58.840
<v Speaker 1>to hang us when the administration changes, as it inevitably will. Yes, well, so,

1090
00:55:58.960 --> 00:56:11.199
<v Speaker 1>thank you so much for joining us the common man.

1091
00:56:14.559 --> 00:56:17.679
<v Speaker 1>They created common Core and dumbed down our children. They

1092
00:56:17.760 --> 00:56:21.480
<v Speaker 1>created common Past to track and control us. They're Commons

1093
00:56:21.559 --> 00:56:25.840
<v Speaker 1>project to make sure the commoners own nothing and the

1094
00:56:25.920 --> 00:56:32.280
<v Speaker 1>communist future. They see the common man as simple, unsophisticated ordinary.

1095
00:56:33.280 --> 00:56:36.519
<v Speaker 1>But each of us has worth and dignity created in

1096
00:56:36.639 --> 00:56:41.360
<v Speaker 1>the image of God. That is what we have in common.

1097
00:56:41.960 --> 00:56:44.760
<v Speaker 1>That is what they want to take away. Their most

1098
00:56:44.840 --> 00:56:50.280
<v Speaker 1>powerful weapons are isolation, deception, intimidation. They desire to know

1099
00:56:50.480 --> 00:56:55.239
<v Speaker 1>everything about us, while they hide everything from us. It's

1100
00:56:55.280 --> 00:56:58.280
<v Speaker 1>time to turn that around and expose what they want

1101
00:56:58.360 --> 00:57:02.159
<v Speaker 1>to hide. Please share the information and links you'll find

1102
00:57:02.480 --> 00:57:06.119
<v Speaker 1>at the Davidnightshow dot com. Thank you for listening, Thank

1103
00:57:06.159 --> 00:57:14.519
<v Speaker 1>you for sharing. If you can't support us financially, please

1104
00:57:14.639 --> 00:57:17.840
<v Speaker 1>keep us in your prayers. D Davidnightshow dot com