00:04:49.880So the moment they would list it on their official list
00:04:52.340of what are our ships officially declared to be military ships,
00:04:56.440it was on there as an auxiliary military ship.
00:05:00.140The Germans would, of course, target it.
00:05:01.640Now, when the Germans then saw this, German military, oh, well, hang on, isn't this a passenger ship? Well, you can reuse, you know, of course, passenger ships for warfare. So that seems to be what they're doing. But then they realized, oh, actually, they're taking passengers in. They plan to take passengers in in America.0.73
00:05:23.560and so partly they sort of half realized
00:05:26.360well this could be a part of a bigger plot
00:12:16.280have you heard suave is now available in canada affordable deodorant with 48 hours sweat and
00:12:23.440odor protection and hydrating body washes shop the full lineup for just 397 now exclusively at
00:12:30.540walmart i mean 9-11 the details of which are still classified for reasons no one will explain
00:12:38.420no one's attempting to declassify it which tells you everything led to 20 years of war and the
00:12:43.760deaths of millions yeah now actually on this topic i think there is there is the other important
00:12:50.060parallel you know we we've been seeing this this war on iran by the us and israel and of course it
00:12:58.660has major economic consequences dire consequences there's something we can we can talk about but
00:13:05.180also this is another reason why we should look back at this era of the first world war and how
00:13:09.980we got into this because it was the first great war it was you know in britain it's still called
00:13:14.240the great war where you had full mobilization of entire countries you know previously you would
00:13:22.040never mobilize the entire country of course not even civilians even you know housewives were
00:13:27.840mobilized to do factory work or other support work hospital work all sorts um and and so it was really
00:13:36.640the beginning of this modern era where you have totalitarian control unleashed under the cover of
00:13:43.340a great war and of course that's a scenario we have to be very much aware of as as we speak you
00:13:50.680know there's there's preparations for mobilization in germany draft um military service um you know
00:13:58.380all the rules being revamped and tightened and the plan clearly is to draft more people into
00:14:05.840the military it's official eu policy to have a huge rearmament drive to get ready for war and
00:14:13.020they talk about dates and that tells you that i mean they're planning for a war i mean that's
00:14:17.900it's not a secret they're saying we are planning for a war against the great powers russia they
00:14:23.680don't mention china but of course you know their allies um whether or not perhaps not formally in
00:14:29.160a military way but de facto allies china is there so and that's that's official eu policy to have
00:14:36.360this war at 20 um 28 29 2030 other dates that are being mentioned we have to be ready by that time
00:14:44.000for a world war um or war against russia which would be a world war so so what's going on here
00:14:52.780And I think what we've seen this year has been clearly quite dramatic.
00:14:58.300First, Venezuela, dramatic events, although in a way on the larger scale, sort of, you know, quickly done, somewhat contained, it seems, but quite a remarkable event.
00:15:12.900because before of course for decades u.s intervention in latin america took the form
00:15:19.580of covert operations which always run under the principle as a very british principle of
00:15:25.840plausible deniability oh we didn't do that oh this this poor president get assassinated of
00:15:32.140this country has nothing to do with us right this is how it's been working for decades in latin
00:15:37.640america you know you can list the countries just country after country regime change operations by
00:15:43.600the ca in fairly brutal ways and then getting regimes into power that are you know essentially
00:15:50.000puppet regimes run by the ca presidents prime ministers assassinated and so on but always
00:15:56.720it wasn't asked denied although you know we do have um whistleblowers like uh fletcher prouty
00:17:55.400At the end, I think his highest position was head of COVID operations at the Joint Chiefs of Staff in the White House.
00:18:02.500He's the one who was sent to Antarctica when JFK was assassinated because deep down he was always a good guy and he wouldn't be involved in assassinating the presidents and his colleagues knew that.
00:18:15.060So he was sent to, you know, far away as far as you could.
00:18:20.260And when he returned, he quickly found out, oh, it was the CIA, and he started to be a whistleblower.
00:18:26.020And the book was then unavailable for decades, but with the rise of the internet in the 90s, late 90s, of course, it's now available again.
00:18:34.160So, you know, that shows how these things work.
00:18:55.360We're going to officially move in there and arrange regime change in a sovereign country.
00:19:01.400So in other words, America is now at the stage where there's no longer felt to be a need to deny that America is doing these things and has been doing these things.
00:19:10.140We don't need a color revolution, pretend it was a popular uprising.
00:19:13.540We just, we want this guy to be in power, or we don't want this guy to be in power, we're going to intervene and do it.
00:19:19.480So no more reference to the niceties of international law and ethical behavior, not necessary.
00:21:02.720but also other things that deliver, you know, fertilizer.
00:21:06.280A lot of the Middle Eastern countries are some of the world's largest producers of fertilizer for the world, even for the U.S., you know, delivering to the U.S., to Europe, to many countries.
00:21:18.940And, of course, that has also been severely, the shipping of those has been restricted.
00:21:25.540It's for the next, you know, growing season because, you know, the stocks and so on.
00:21:31.220The whole point of keeping a gun at home for self-defense is to defend yourself and your family, especially when you're not expecting a threat.
00:21:39.900You don't know when the threat may arise.
00:21:42.740You have to be able to get to your firearm quickly, but prevent other people from getting it illicitly.
00:22:57.940Yeah, that's exactly it. And that's where now I think it's good to go back again to the run up to the First World War. What was the situation? It was a situation where we had one global hegemon, Britain, running the world. Half the world was formerly part of the British Empire. Of course, not acquired through free and open elections, was it?
00:23:21.940So military force at times extremely brutal colonial suppression for quite a long time, the greater part in the subcontinent, India, run by a for-profit enterprise, the East India Company.
00:23:42.820So you had colonialism run by a for-profit enterprise.
00:26:30.420You know, if the majority is actually not benefiting
00:26:32.940and you have increasingly democratic structures,
00:26:37.480then at some stage something will change right yes um so you want to avoid it and they did it
00:26:44.720very early on so the first modern um uh sort of social security legislation was done in prussia
00:26:51.840also of course the first investment in public schools properly public schools and kindergartens
00:26:57.580and universities was in prussia it was a very modern state highly successful the middle class
00:27:03.460was thriving it was merit-based you could move up the ladder if you put in your energy and your
00:27:09.600efforts it will be rewarded very successful economy based of course also on the system of
00:27:15.460decentralization local decision making and especially many small local banks lending to
00:27:21.620small firms now prussia then morphed into um into germany in in 1871 yes the unification
00:27:32.880Which is another or partial unification because, of course, many German states were left out, such as Austria, under international sort of influence, but also Prussia felt Austria was a rival and so on.
00:28:29.400You know, this is the beginning of science being German dominated.
00:28:32.880In the first half of the 20th century, the majority of scientific publications were in German, and all the leading research was in these publications. That was where things were happening. And other countries were following, were looking at this model. Now, the place that didn't like that was the hegemon of the world, Britain. That clearly was, from their viewpoint, a rival being built up and growing.
00:28:59.660and um it is one thing to start to lose market share because britain used to be the number one
00:29:07.640economic power industrial revolution and you know mass production really happened first in britain
00:29:12.560and then spread from there um to other countries so britain was in the sequence chronology of
00:29:19.740economic development was number one but then soon after germany came and of course also at the same
00:29:25.400time america also rose um as a emerging economy high growth economy as well let's not forget that
00:29:32.080so but of course america is further away and was for international documents using english so
00:29:39.940i suppose the british felt less immediately threatened by america germany is very close
00:29:46.000and um the decision was made we've got to do something about this but a key turning point
00:29:52.980in this and really resolving the British goals and creating this conviction that war has to be
00:30:03.440made on Germany was the following development. So British power was projected across the globe
00:30:08.720through the seas, the oceans, the Navy, because it was a global empire, you know, from Britain to
00:30:15.120Australia and, you know, many parts of the world. Shipping was, of course, very important and control
00:34:45.400That's free meat with every order and $100 off your first three orders when you start your subscription plan this month.
00:34:51.740Or if you just want to try it out, you can get $40 off your first order with the code TUCKER.
00:34:55.260GoodRanchers.com American meat delivered to you.0.67
00:35:25.260Via Istanbul, Ottoman Empire was already an ally.
00:35:35.160And so it's quite natural to gain access to the Gulf area and oil,
00:35:41.300which was beginning to be clearly an important resource.
00:35:45.260And so they started building that railway, the Berlin-Baghdad-Basra Railway.
00:35:50.700that's when the british colonial and empire planners decided this really has to be stopped
00:35:58.600because had that been built in time completed then it would have rendered essentially the british
00:36:05.520naval dominance irrelevant because you can transport um energy resources raw materials you
00:36:13.040You can sell your high-value-added output to actually the British Empire, Middle East or India, to the rest of the world.
00:36:23.000You can ship through your own railway network without British interference.
00:36:29.620So the British planners decided this cannot be allowed.
00:36:33.320This has to be stopped by all means, including war.
00:36:37.220And it was a key factor in the run-up to the First World War.0.71
00:36:41.300Of course, there were other factors. The German government became increasingly internationally critical of British warfare across the globe. For example, in South Africa, Britain made war on the farmers, the German and low country Dutch farmers that had settled centuries earlier in South Africa.
00:37:05.380Created the world's first concentration camps.
00:37:07.620Indeed, indeed. That was a British invention. There were three farmer wars. Farmer, bauer in German, in Dutch, bauer, bauer. The three bauer wars, the farmer wars. Because literally the world's number one military power made war on farmers to control this country, this area.0.99
00:37:28.320So why, well, it was of strategic relevance, but also oil, sorry, not other resources, gold and diamonds were found there.
00:37:38.240And London was very keen to have those.
00:37:41.980Actually, surprisingly, the farmers were so well organized.
00:37:44.900They won the first farmers war and the second boar war.
00:37:50.180And then they had to use, Britain had to use their usual devious techniques to win the third one.0.54
00:37:56.200murdering women and children in concentration camps.0.61
00:39:46.020And so a lot of hardship followed this. Despite that, they couldn't essentially change the fact that Germany was still scientifically leader in terms of engineering and production, was a leader in the world and was still a rival of Britain because the education system also hadn't really been destroyed.
00:40:11.240Right. And so, you know, a second round was needed, another world war was needed. And for this, interestingly, a lot of investment took place in Germany in the 1920s that allowed a quick revival. And of course, there's other issues, how Hitler came to power. If we have time, we should talk about how did he actually come to power. When you look at money and banking and central banking, you get some interesting new insights.0.84
00:40:35.560So we also had investment in Germany, particularly by America, American companies, ITT, General Motors, Ford,
00:40:43.560and then also banking, Brown Brothers Harriman, where Prescott Scott was from the, sorry, Prescott Bush from the Bush family was active, supporting Germany.
00:40:57.100Now something very similar is happening or has been happening in recent decades.
00:41:02.940Of course, the post-Second World War global hegemon is America.0.66
00:41:08.040It's taken on that leadership role from Britain,
00:41:11.340originally even with its own colonies.
00:41:13.300I mean, there have been American colonies,
00:44:33.260but also reinvesting 80% of its foreign exchange reserves
00:44:36.340in U.S. treasuries, that petrodollar system is increasingly being challenged by other countries
00:44:44.220and of course by China, the BRICS countries, and the Belt and Road Initiative is a counterparty
00:44:50.280to that. And likewise, you know, counterparty to this IMF World Bank system, which is really
00:44:56.580the continuation of the Bretton Woods system, which is the dollar dominant system. So China
00:45:03.920China had this problem beforehand that, you know, as a successful exporter, it's earning foreign exchange, but mostly it's earning dollars, what to do with the dollars. And of course, it was investing like at the time, most countries in US treasuries, which suited America, fine. But China decided sort of 15 years ago, well, we need an alternative to this. We can't keep investing in US treasuries because, and very few people know this, when other countries buy US treasuries,
00:45:32.480all they're actually getting is a promise on a promise because you know treasury is an iou is a
00:45:40.560promise right but do you know that china doesn't even get those promises the u.s treasury issues
00:45:48.220government bonds treasury bonds but china doesn't get those why well there's a rule that they're
00:45:55.500held by the federal reserve bank of new york in custody for foreign governments so it's a promise
00:46:01.620on a promise so that China can't go with these papers and sell them somewhere without permission
00:46:09.180of US entities, the Federal Reserve. Now, some may say, well, that's just a technicality. That's
00:46:15.260not an issue. What we've seen in reality is can be very, very important. For example, in the so-called
00:46:21.960Asian crisis, 1997-1998, which was very much engineered by the system IMF and central banks.
00:46:34.080I was sent on an official mission to Thailand in 1998 to analyze this and advise the Thai
00:46:42.480government from the Asian Development Bank's perspective. Based on my analysis, I concluded
00:46:50.180that it was a plot by the local central bank in thailand against the country together with the
00:46:56.100imf um it was a situation to create um you know a boom bust cycle and then bankrupt thailand and
00:47:04.280ask the imf to come in and then the imf asked for thai assets to be sold to foreigners you know
00:47:11.120thailand was doing well until then um and then it had to sell well it was asked to sell its banks
00:47:17.900and its industry to foreigners very cheaply
00:47:20.200while the currency had been devalued, right?
00:47:21.920So, you know, just looking at the big picture outcome,
00:53:40.760Yes, of course. The modern Silk Road, there's many Silk Roads, of course. There's one via Russia further north and further south, several. And it's the similar viewpoint. I mean, there's actually a British theoretician, Mackinder, who talked about this heartland theory that whoever controls Eurasia controls the world.
00:54:00.260And that's really why Britain first was very keen to prevent Germany from collaborating with countries further east, Ottoman Empire, Russia in particular, and also prevent the buildup of transport infrastructure that, of course, fosters closer economic and political connections.
00:54:22.260connections. And it's the same, of course, America has adopted that strategy. There's a famous quote
00:54:29.560by, what's his name, Stratfor Friedman, saying that, you know, the key goal in the 20th century
00:54:37.540has been to prevent Germany from collaborating with Russia. And America has also pursued that
00:54:45.220and very successfully, you know, Germany is not collaborating with Russia, even though it would
00:54:48.820been both countries interests to put it mildly yeah exactly and and likewise in asia of course
00:54:54.460the equivalent that he didn't mention that but i think i would add that uh it's been a key goal
00:55:00.500of america to prevent japan and china from collaborating yes because if they did you know
00:55:06.740who needs america in the pacific so of course america has always been telling the japanese0.60
00:55:10.800oh don't trust the chinese you know they hate you and it's been telling china oh don't trust0.52
00:55:14.780the japanese they hate you and i don't think the chinese trust the japanese for other reasons too
00:55:19.640i think actually the two countries get along better than people recognize and it's not just
00:55:28.520the taiwanese population that is has very favorable memories of being part of japan until 1945
00:55:35.100and most taiwanese people i know speak always very fondly of japan it's also chinese youth
00:55:41.760They think Japan is a cool, fun place and quite exciting.
00:55:46.580And of course, there is a whole generation, Deng Xiaoping's generation of Chinese leaders who know the great things Japan did for China.
00:55:55.460Because when he traveled to Japan to seek the secret of high economic growth, you know, when Deng Xiaoping came to power, he asked the Japanese for that.
00:56:06.500And the Japanese didn't have to tell him, but they did.
00:56:49.320So this is really the context in which we have to see what's happening with this war on Iran.
00:56:55.720I think ultimately the goal is China because unfortunately America has key decision makers, let's say.
00:57:04.060It's not ordinary American people, obviously, what we're talking about here.
00:57:06.540But some key decision makers in America, influential people that influence American policy have decided that there should be antagonism between America and China.
00:57:19.060there's all these you know military strategic plans and china is in these military plans
00:57:26.480described as a key threat even more important than russia which explains some of the
00:57:34.080unfriendly policies towards china in the past and it is a parallel development because china
00:57:42.240You know, when you look back at the British colonial rule and then Germany rising, Germany was identified as the threat and then measures were taken, including a World War, a Second World War, which shows you the extent to which these planners would go.
00:58:02.220China seems to be the modern equivalent.0.52
00:58:04.260It really is a challenge economically to America, but if we only think in economic terms, it's not really something to worry about because economics is about embracing this and competition is fine, it's a good thing.0.69
00:58:17.460And if you have the right economic policies, America can really thrive on working with China as partly happened in the past.
00:58:27.040but you see also there's something sinister going on because it wasn't really
00:58:32.740necessary for america to transfer most of the manufacturing to china in the first place this
00:58:39.800reminds me of the american investment in germany in the 1920s and 30s right of course massive
00:58:45.520american investment is taking place in china and technology has been transferred to china
00:58:50.420when it was needed and helpful now in many ways you know there's not many areas left where china
00:58:56.480needs foreign technology because it's very much ahead of the game in a lot of them not all but
00:59:01.000you know in quite a lot but clearly that was very important so why did this happen i think it's the
00:59:06.540same reason why it happened in germany you know you need if you're planning for world war you also
00:59:11.260need to make sure the opponent is built up first to have a proper war um and um that tells you
00:59:18.080about the sort of the goals that i play here you really think so it looks like it i mean you know
00:59:24.140I'm always reluctant to come to these conclusions.
00:59:26.480But, you know, it was a bit much, wasn't it?
01:01:21.340which you could even call anti-russian at some stage i mean it was clearly they murdered a lot1.00
01:01:26.780of russians so yeah it's fair and and so there is that link um so he was put in in place by foreign
01:01:34.640interests on the one hand and at the same time then you look at the policies he took
01:01:40.480and i want to focus i mean there are many crazy policies like cultural revolution
01:01:45.560which in many ways is being replayed nowadays you know this this cultural marxism is a cultural
01:01:51.520revolution where you you mess with people's heads it's like a psyop you know red is not red and
01:01:56.600black is not black you know you have to denounce yourself and denounce the facts and and you know
01:02:02.500declare untruths to be true sort of thing a man is not a man what is a woman you know doesn't0.89
01:02:07.400sound familiar it does um that's that that was also big operation so-called cultural revolution
01:02:12.780and then we had this great leap forward which is economically greatly backward
01:02:16.520and then we had this famine which is quite a mysterious thing so i want to just briefly
01:02:22.920talk about this famine and it's relevant for us today because again ordinary people think oh
01:02:30.840we couldn't have leaders who plan horrible things for us that wouldn't happen you know they wouldn't
01:02:36.380intentionally do it they have good intentions they don't want they wouldn't never want to starve
01:02:40.34080 million people to death, would they? Well, here's the counter case. Here's a case where 80
01:02:46.540million people were starved to death. It was covered up for a long time in the numbers.
01:02:52.380The more research has been done, it's been going up and up and up. We're around 80 million now.
01:02:56.400First, it was only 2 million, 10 million, 15 million. It got higher and higher. And it seems
01:03:01.320to be in this order, which is phenomenal. I mean, this is really very, very sad and very tragic.
01:03:06.860What happened? What is this famine in China? It started in a year when there was a bumper crop. So good harvest. Now, if you want to engineer a famine, it's not a great starting point.
01:03:24.540and but because it happened at this point it makes clearer that it was an intentional
01:03:31.780starvation of millions of people because you had to take a particular combination of very specific
01:03:40.100policies to get this disastrous outcome and they're all policies there's actually no doubt
01:03:46.200no historian says it wasn't policies that led to this famine they just all whether western or
01:03:52.100Chinese historians, they all say, well, but sure, it was a mistake. They didn't intend this.
01:03:57.380Well, when it's such a very specific combination of highly unusual policies,
01:04:05.480which are, however, unnecessary to have this outcome of a famine, then you really have to
01:04:11.300wonder, you know, and it wasn't under duress. They were freely taken. So there is no doubt
01:04:17.060that it was a policy-induced outcome it's the debate is was it intentional or not well i'll
01:04:23.340give you some of the ingredients of this famine so if you want to start a famine when you have
01:04:28.140bumper crops you've got to do some things i mean um otherwise there won't be a famine
01:04:34.360for example what can you do think about it what can you do um well we could we could um actually
01:04:42.120pass some laws that round up all the harvest workers and transport them from the rural areas
01:04:49.780to the cities so let's do that well that's what they did and i know from growing up in bavaria
01:04:56.300you know when the the harvest comes that's when the the the school boys and school girls and
01:05:01.420students getting asked can you please help the farmers this you know we've got a big crop
01:05:05.880we need helpers and you earn some money per hour which is nice everyone like that's that's the
01:05:10.700harvest time, right? But if you divert millions of people, forcibly transporting them away from
01:05:16.820the rural areas at harvest time or just around harvest time, that's certainly something you can
01:05:22.560do to disrupt the delivery of food in that year. So that was taken. Now, it turned out to be not
01:05:34.640enough because you know farmers are resourceful and partly that you know that they had uh ways to
01:05:41.200still farm a lot harvest a lot of the um of the crops now um there is a natural or you know
01:05:50.120seemingly natural way you could reduce a harvest and if you read the bible in bad years you know
01:05:57.300horrible things happened like swarms of locusts come and eat up the crops yes which is actually
01:06:04.340clearly not every year it's unusual it's so unusual that when it happens you know it's
01:06:09.920recorded for thousands of years like in the bible wouldn't it be nice to arrange for that
01:06:14.840well in a bumper crop year right if you if your goal is to have a famine
01:06:20.320of course that's not so easy to arrange right is it particularly at a day and age where we did not
01:06:27.360yet have the insect laboratories where they breed various forms of genetically modified
01:06:32.320you know insects that could do all sorts of evil stuff you know that that wasn't yet happening
01:06:37.860but also it's unlikely that it would be um a swarm swarms and swarms of locusts millions of
01:06:45.040locusts eating the harvest because in china there was a natural enemy of the you know giant
01:06:52.960grasshoppers the locusts namely the ordinary um asian tree sparrow yes and and in fact in
01:07:02.260China is estimated as there's around 700 million of them,
01:10:01.140You know, instead of the Soviet originally started out with one bank, right, central bank only, central decision-making doesn't work well.
01:10:07.460the prussian principle of high growth which all these east asian high growth economies adopted is
01:10:13.040decentralization the subsidiarity principle decisions on the local level there they can be
01:10:18.420made flexibly as the situation demands and appropriately central planning is not informed
01:10:24.800enough can't react quickly enough and doesn't work and also the incentive structure is wrong
01:10:28.060because you know what's worse what's worse than being given an order that you know is
01:10:33.760is really counterproductive and useless and you still have to do it it's so frustrating
01:10:37.360And that's, of course, why the Soviet system failed and the Prussian decentralization worked.
01:10:42.740I mean, there are studies comparing the German army with the British army in the First World War and the German army with the American army in the Second World War.
01:10:51.420And they conclude that the German army was always far more efficient and effective with smaller numbers, better outcome.
01:10:59.760And they found it's because decision making was delegated to the lowest level.
01:11:03.540the officer in the field had the decision-making power there was always the the goal is given
01:11:10.600but how you get there the officer in the field had to decide of course that meant that you had
01:11:16.600to train people better but that's a good thing if you've got yes better trained people and they
01:11:21.500make the decisions that's the right motivation then people are also motivated they know that
01:11:25.720they make a difference and their decisions will shape things and they can do the appropriate
01:11:30.060because in the fog of war things change so quickly central planning just cannot work
01:11:33.400likewise that was then applied in prussia and in germany in the economy through decentralized
01:11:38.480decision making so not one central bank but thousands of small banks lending to small firms
01:11:44.620credit creation money creation in the banking system for productive invested for productive
01:11:49.620business investment you get job creation growth and prosperity and china did that
01:11:53.400And so this is the Chinese high growth system, which Deng Xiaoping implemented.
01:12:05.08040 years of high economic growth, lifting more people out of poverty than anywhere in history.
01:12:12.140800 million people lifted out of, according to the official definitions, lifted out of poverty.
01:12:18.640This has never happened before in history in such a short time period in one generation.
01:12:21.740That's what China achieved using the Japanese model, which is essentially the German model of high growth.
01:12:28.600And so I was always surprised that Deng Xiaoping, who was behind this and did this really well,
01:12:34.720and he's a good manager, he was always a humble person,
01:12:37.980not this narcissistic type that will take policies that are selfish but really bad for ordinary people.
01:12:45.720He was not like this. He was a good leader in many ways, as far as I can tell.
01:12:48.760um but he he also is the one who took the one child policy and we know that that's not that
01:12:57.260wasn't a good policy also if you think about it it's a sort of policy that you can see western
01:13:02.520decision makers uh western leaders liking like i mean there's lots of western leaders in history
01:13:07.740starting from napoleon uh talking about oh if china you know wakes up and then they keep growing0.93
01:13:14.780population growth and china will take over the world and you get this western sort of paranoia0.96
01:13:20.700you know and to impose a policy that oh only one child is allowed sounds very much like a western0.98
01:13:27.800idea to me that's always the sense i had like why would a chinese leader particularly a high growth
01:13:32.120leader the high growth model means also you want high population growth population growth is good
01:13:36.380you want people to have um children you want to educate them well because that that's what leads
01:13:42.460to growth. Growth comes from productivity, technology, new ideas. 100% of ideas come
01:13:47.200from people. We need people. Of course, you know, now they're trying to replace that with AI, but
01:13:53.480that has its severe limitations and risk and dangers. So you want more people normally,
01:14:01.580but Deng Xiaoping imposed this one-child policy. Then I looked into how did this happen?
01:14:07.500And it turns out that it was early on when he was implementing the high growth system from Japan, the particular person who was asked, who was invited to China as the key helper with this high growth system was a very able Japanese economic planner, high growth planner of the 1960s.
01:14:32.920And in 1978, when Deng Xiaoping came to Japan, he asked, he was told by the Japanese, okay, talk to this guy.
01:14:38.460And he was our man in the 60s, now retired.
01:27:33.500Well, it must be true, whatever he's saying.
01:27:35.040This is essentially how economics has been working.
01:27:37.440And now David Ricardo doesn't point out that his conclusion depends crucially on the terms of trade, on what is that post-trade price, what is the relative price of things.
01:27:50.820He has nothing on that, he just leaves that out, but that's the crucial factor.
01:27:54.580And the problem is that developing countries have a deteriorating terms of trade if they follow his advice.
01:27:59.140so he's essentially david ricard essentially proven what everyone already knew that trade
01:28:05.260can potentially be beneficial for everyone because we create benefits through trade
01:28:11.760that's not in doubt the mercantilists knew that i wonder why they're called mercantilists
01:28:17.600mercantile merchant trade they favor trade they said let's trade this is where prosperity comes
01:32:35.280Because America was still, you know, a bit more sort of, you know, representatives of, elected representatives would represent what their constituents wanted.
01:32:46.000You know, and in fact, the First World War just proved the point that it's not a great idea to get involved in these international conflicts.
01:32:53.400So, America didn't join the League of Nations.
01:32:55.940And that was another reason why another round was considered necessary.
01:33:00.440And so, towards the end of the Second World War, the United Nations were created.
01:33:04.660In fact, did you know, what is the United Nations?
01:33:49.720He died, unfortunately, sort of at the time of these negotiations.
01:33:55.720Anyway, one way or another, America won the argument, it seems.
01:33:58.260And it was the dollar that was going to be used in the system.
01:34:04.200And of course, this Bretton Woods conference, you know, in New Hampshire, in the Washington Hotel in New Hampshire, in Bretton Woods, is meant to be a global conference of all the representatives.
01:34:17.620It was basically Britain and America and their colonial subjects being represented by somebody.
01:34:22.900But they had to say whatever Britain and America wanted to say.
01:34:26.940The Soviet Union was there, but then quickly after that dropped out and thought, no, we don't want to be part of this.
01:34:34.340China was represented by some people that, you know, America was supporting in China, who later, of course, were not really in power and had nothing to do with China, really.
01:34:47.460So, it was really America and Britain calling the shots and deciding things.
01:34:52.100And it was very much about the monetary system and the structure, United Nations and the organizations, IMF World Bank, to run the world.
01:34:59.860So, that's also, I think, what this is about.
01:35:04.040And I think, you see, if the goal, just for sake of argument, is to have a one-world government, a proper one-world government that controls the world.
01:35:16.400And I don't think it's a good idea, by the way, just want to make that clear, okay?
01:35:19.700um because thank you doctor because decentralization is the best we have already
01:35:26.600too much centralization and this is going to be quite a nightmare totalitarian nightmare
01:35:31.100unfortunately but there are people power hungry you know psychopaths who want more power and
01:35:36.480you know over time in history we see their footsteps um and that's clearly where you know
01:35:44.120that's at least one red thread going through history
01:35:47.960that forces are being aimed at this for one reason or another.
01:35:52.840So I think as a working hypothesis, we can put it on the table
01:35:55.860that there's some people out there who want to create a one-world government.
01:36:00.840And if that's the goal, you know what your obstacle is?
01:36:04.040I think it's just like with the League of Nations.
01:43:58.020Just when Keynes in Britain was publishing his analysis of, you know, what could be behind this Great Depression and what could be done to get out of it, which was his recommendation of fiscal policy.
01:44:08.180Well, Schacht had already led Germany to full employment and shortage of labor.
01:44:12.460That's how the economy was booming in 1936.
01:53:24.180Of course, the background to that is that the ECB is the revived Reichsbank.
01:53:29.800I've told you about how powerful this foreign-controlled Reichsbank was.
01:53:33.100So once Germany was defeated in the Second World War, post-war Germany, thinkers there were given some leeway to think about, okay, how to do the monetary system, the central bank.
02:02:05.360So it looks like we're heading into the second run of inflation.
02:02:12.980Still early stages, not entirely clear, but we might guess without having yet the necessary data.
02:02:20.520But I think there will be a second bout of inflation.
02:02:24.720But we already had the first bout and it indicates that we are in this phase of running up towards the next rearrangement of the monetary system.