Percent of the u. S. Spend do you think its just a jobs program or do we really need to occupy all these countries where our special forces are in 70 percent of all nations across the world what is this about war has become of very ambiguous project in our life time you know it has lately evolved to more like occupying certain countries in kind of a desperate attempt to stabilize problems that weve created i think we have to consider that a lot of it comes from the evolution of what the condition of the world was in 1905 after the 2nd world war our intentions were not always wholly bad and probably still are not wholly bad but they have become distorted in perverted and it certainly doesnt help that so much of our Gross Domestic Product is now dedicated to the enterprise of the. Big u. S. Warfare yeah seems like the war is definitely the number one export for the us but i would posit that antiwar and this is one of the reasons why being attacked by whats called the deep state of the deep state is the war state and hes always been kind of anti war when you think about that dr michael isnt. The question is what kind of war youre going to have and in a democracy like the United States theres only one military strategy that you have and thats the bomb and no democracy can field an army to occupy you can have a few people there but you cant really occupy there are no Ground Troops if there were any attempt to really occupy a country youd have Something Like the vietnam war protests and the country would go against that so no american wants to go to war they want to drop bombs and they want to bomb the civilian centers to make the civilians so angry that theyll overthrow the government so you cant really say that its a humanitarian war this is the kind of orwellian rhetoric you have so you have a democracy that can only be. And there are all sorts of and so eerie results of that that people dont discuss i found out in the 1950 s. 1960 s. And 1970 s. The entire u. S. Balance of payments deficit was military the private sector of america just exactly in balance the entire deficit is military so the question is how can america arrange a World Monetary system where other Countries Fund the balance of payments deficit to enable america to maintain 800 military bases and all of the military operations they have so when you talk about going to war youre talking about. Creating a international Monetary System that actually is a tributary system very much like what rome set up with the provinces so to america the rest of the world europe especially. Asia the 3rd world countries are provinces to fund the American Military control of other countries and because we cant have our own draft we have a foreign legion which means it supports basically saudi arabia and the wahhabi crazies and thats the 2nd aspect of war why do we go to war because we view the key to Economic Growth as oil and energy we go to war is Vice President cheney said for the all thats why they invaded iraq for the oil thats why trump says the one thing we want syria we really dont want to go to war with russia we want to just control the oil. And the gas lines and the pipelines through afghanistan so the military is really an extension of controlling of world energy and oil and to prevent any attempt stopping Global Warming its really a war for to maintain Global Warming under the control of the United States lets follow up on that because tom did say that just openly and plainly forget all the people and helping the kurds and thats us we want the oil so its not the antiwar stance the rhetoric he uses is the fact that hes so blatant about and i think especially the democrats theyd like to have higher social thing that we want to have transgender bathrooms in libya or we want womens rights in iraq or they justify their warmongering for that but toasting gathered she called Hillary Clinton who is the ghost haunting the democratic primaries the democratic election she called her the queen of warmongers so is it possible however now that its become more transparent now that we have social media and during the fortys and fiftys and sixtys the lead up to vietnam it used to be able to be easy to hide what we were doing a lot of people didnt know we were bombing over there are ready for years before we officially did. Blared war in vietnam so a lot of these things like we hear from the people of libya now we hear from the people on the ground in syria and an independent journalists go there so do you think back in change she think psychologically the population jim do you think this could change for the mining elson seen that there are against these wars i think all the dynamics of geopolitics are going to change in ways that were not expecting and you know my my read of whats going on is that as usual we expect everything thats happening now to continue exactly as it has and i dont think thats the case at all i think that what were going to see is that the world is going to become a wider place again rather than a smaller place and that the various geo political regions of the world are going to be much more regionally centered and it doesnt necessarily mean theres going to be less conflict but its going to be a very different thing and what were seeing now in the middle east and central asia which are places that couldnt be farther away from the United States are really expressions of the ending of that old era of you know lets say the you know the post vietnam to the 2015 era of how we conducted ourselves in the world and a lot of this of course as michael has pointed out is connected to the condition of the dollar and the global economies effect on it and its effect on our own relations i do want to point something out though. A lot of the imperial activity thats gone on has also been directed against our own citizens for example we are in new york city and you cant fail to notice the tremendous level of prosperity in new york city right now im amazed actually compared to my childhood in the 1960 s. But remember what were seeing is really the results of financialization of the economy and what were seeing is that all of the ass. Stripping the fly over states in the midwestern rustbelt all that those assets have been removed financial laws and re centered and concentrated in the place like new york city so our own citizens have suffered as much from imperialism as the other people in the world the candidates who are antiwar get very hated by the media and i do notice if you tune into m s n b c is the Democratic Media you see ads for boeing or a Lockheed Martin the number one in 2 of the defense contractor is why do Lockheed Martin and boeing and raytheon advertise on the cable news where thats a good question its a little hard to imagine because the average joe who is watching him isnt b c is not hes not going to go look for a contract with weighty on you know theyre selling war who knows maybe theyre trying to attract shareholders you know well its feels to me like theyre rewarding Rachel Maddow out our Anderson Cooper or you know selling the war to the population to take their product the product is what theyre selling more than war their product is like the f. 35. 00 its really like buying 100 year old wine and the wine will be sold at auction and somebody will buy it and to try to drink it its all gone sour and then no this isnt one for drinking this is wine for trading these arms the 3rd making are not arms for fighting their arms for producing and armament makers have factories and outlets and every single Congressional District in order to get congressmen to fight for employers its one of the few manufacturing sectors of the economy that is probably less efficient than the other manufacturing sectors because of Seymour Melman showed way back in the 1960 s. Makers arent after profits in the sense that cutting costs and selling it at a markup they have cost plus you know the. Cost plus contracts for arms means you want to maximize the cost of producing absolutely everything which is why you have a 5000. 00 toilet seat no the problem is that you have engineers that try try to maximize the cost there is no spillover for domestic industry that all of the technology that the arms industry makes can be duplicated by japan or china or other countries wanted to minimize cost instead of maximize the cost so you have the arms industry is one of the major reasons seymour moments said that america is losing its industrial advantage because of the idea of cost maximisation instead of cost minimisation right now is that we have to go to break and when we come back lets talk about the deadliest weapon of all the us dollar dont go away. Quite adoptions driven by banks failing and countries failing and now in la but i got a huge crisis and of course big points come to the rescue. Thousands of american men and women choose to serve in the countrys military and the decision. Every song came to a complete. The day that i was right. You know told to shut up kill me and i see how destroyed my life any screamed at me and he made me come in and he grabbed my arm and he raped me just berthing area if you take into account that women dont report because of the extreme retaliation and its probably somewhere near about half a 1000000 women have now been sexually assaulted in the us military is a very very traumatizing tat happen but ive never seen trauma like ive seen women who are veterans who suffered military sexual trauma reporting rape is more likely to get the victim punished dont be offended and almost 10 year career or chose very invested in and i gave sex offender who was not even one to justice or put on the road a story this is simply an issue in violence male sexual predators for the large part of target whoever is there whether thats men or women. Back to front running 2020 maximizers day sir but what do the deadliest weapon of them all the u. S. Dollar stacey were going to talk about the u. S. Dollar as a Deadly Weapon against the worlds countries to force them into obedience where here in brooklyn were talking about the economic policies and the platform of Tulsi Gabbert has been antiwar she is of course millennia old generation the millennial have been paying theyve grown up with never ending war since 2001 across the river here in manhattan weve been nonstop war weve spent 4. 00 to 6. 00 chilean dollars on these foreign wars of course we have no money for our own nation but lets talk you both have mentioned the u. S. Dollar what about the fact that the u. S. Dollar is used as a weapon the fact that we own the financial grid they all commerce and trade basically has to settle through the new york fed Michael Hudson youve written about this youve written about super imperialism if the u. S. Dollar is no longer the one sole reserve currency in the world if there are alternatives to the Swift Financial system how much power does the u. S. Lose well the dollar is a free ride in the sense of what happens when the u. S. Runs a balance of payments deficit all of these dollars that it spends are turned over ultimately to the Central Banks of europe and china what do they do with the dollars theres really nothing they can do except either buy gold or buy u. S. Treasury securities because some cool banks dont usually buy stocks they dont buy they buy treasuries securities and so most of the u. S. Domestic budget deficit is not funded by americans its funded by foreign Central Banks refinancing americas budge balance of payments deficit thats recycled into the purchase of treasury secure. To fund the domestic budget deficit now to the extent that foreigners are not doing this americans would have to finance their own budget deficit now what trump is doing is very helpful in saying you know this is a wrong system we want to make russia and china and iran and other countries independent of the dollar so theyre not really doing it because theyve sort of followed the american neo liberalism but im going to help here that im going to impose sanctions against them and threaten to cut them off from the swift system which is the Bank Clearing system we can just come in and cut off their bank credit at any time we can pull the plug on the electrical fine Bank Settlement system whereby one bank sends money to another when youre right a check we can force them into independence from the United States economy and if he were a enemy of american imperialism he couldnt be doing a better and more wonderful job in making china russia iran ultimately europe all independent of the american dollar so that they have their own mutual currency clearing system which is what the shanghai. Defense organization has created and. Now russia china are dealing in their own currencies domestically and essential late there is no way that america can finance its war spending which is the budget deficit except now from europe and other 3rd world countries which are now being so oppressed by the International Monetary fund and the austerity programs that its squeezing out more money to pay the american bondholders. Centrally americas isolating the whole rest of the world and saying in effect we know were poison go your own way thats trumps policy and one Tulsi Gabbard that in just a very minor way shes at. Act right so theres the strands of a dig lobel ization dollar is a song seem to be a hallmark of the Trump Administration you talk about the connection between the dollar and oil and of course thats a quid pro quo theyre going back to the original 971. 00 bargain the petro dollar as it was introduced so its a petro dollar is severed if thats no longer how we measure the Global Economy and that relationship you know it really is the largest purchaser of my book super imperialism was the Defense Department in the cia and Defense Department gave an institute where i work a contract for me to explain how this free ride turned when and so i went with herman come to the white house and we were told that theyve told us so many arabia and other Oil Exporting Countries you can charge whatever you want for the oil the more you charge the more i wrote Companies Make but the condition is you have to recycle all of the earnings into the u. S. Bond market and you can buy stocks to you cant buy control of a Given Company but you can buy a 1000000 shares of every country and company in the dow jones leverage right i understand that but now with this new paradigm it seems as though that is breaking up a little bit in these countries are going their own way their dollar rising china will countries that Oil Countries are told you know if you dont do what we say you know 30 rock could be overthrown in 24 hours ok russia is just as big an oil producer asked saudi arabia they have totally ready dollar eyes a china is certainly seeking ways to deal dollar rising gas prices they already are not i enquired away near Eastern Countries so that would mean you have a world multipolar in terms of currencies the dollar exacted dollar is dollar rising as were talking about then the deficits in the trade imbalances that you speak of they lose the ability to have foreigners fund us wars is what were saying and if the us had to fund this own wars suddenly thats an item that deep. Well are not going to want to accept because you have inflation right thats exactly what president putin says in his speeches and what foreign minister Lavrov Sergey lavrov says theyve spelled it out you can read it on johnsons russia list somehow all of the speeches from outside and in the Mainstream Press and its all very explicit oh you have to do is read what theyre saying and what the chinese are saying my 1st book translate into china was super imperialism and i was made a professor there to explain how this works to the chinese there used to be a concept called mutually assured destruction of course that was between the u. S. And soviet union and they could both destroy each other so we cant use a Nuclear Weapon because theyll use it against us with the us dollar it was only like a suicidal destruction like only once can you weaponize the us dollar because alternatives went erupts so do you think were going to see a world where there is a whole bunch of different alternatives to the us dollar and if so what happens domestically how does that blow back domestically what does the us look like if our dollar is not a weapon that we can be the hallmark of the kind of transition that were going through now with that we called the globalization is that it produces a lot of disorder. And disorder as we know is nonlinear in other words it produces all kinds of effects that people arent prepared for and dont understand and you put that on top of the fact that the movement of currencies and values which are very abstruse things are among the ideas that are least understood by the public and in fact probably our leaders as well including our leaders in banking and right now we see that in the United States with a great deal of. Would be about whether we want a cheaper dollar or 30. 00 and we dont really dont. No which way we want to go or what were going to do about a bit behind all of those arguments is the great specter of the enormous amount of debt that were piling up in the meantime because of the basic proposition that we cant afford to keep running america the way weve been running it on the basis of our actual revenue income and the the wealth that we produce it was not this common theme that is money is dead so only money we owe ourselves and that they they accept as well but then there is who is the way and who is ourselves the we that owe the money or the 99 percent the ourselves we owe it to or the one percent so the 99 percent owes it to the one percent thats basically the principle of the private sector debt in terms of the Government Debt the United States never intends to pay off its debt thats the key this is not. There is a liability this side of the Balance Sheet and thats either the banks or its foreign Central Banks but the United States is never itself going to impose the kind of austerity here that the International Monetary fund which is run out of a small office in the basement of the pentagon implies imposes on latin america and other countries to create i. M. F. Riots so the idea that we could continue along that path indefinitely is insane because you know were really reaching the kind of hockey stick Inflection Point that want to follow up on that because our debt is owed to china obama did the asia pivot it certainly looks like trump is ready to go to war in china we have the Democratic Party all the candidates except for Tulsi Gabbert are ready to go to war with russia do we see a hot war if somebody like Tulsi Gabbert doesnt get it and china and russia are minimizing their holdings of the dollar theyve been cutting them back only for what they need to stabilize their Exchange Rate almost all of the growth in russian and china reserves is spent in gold not in dollars theyve been avoiding it every country needs dollar. And foreign currency to trade and buying our bonds yes they do thats what i mean they theyve sold off their foreign reserves do not include treasure theyve been scaling them all back regarding war theres no way in which america can win a war in russia they may say look lets just test lets agree lets fight in germany and london you know america doesnt care if europes wiped out there what rumsfeld called a dead zone the euro zone so i dont think theyll fight each other theyll decide to fight in europe or asia or some 3rd countries not their sort of a mutual agreement to wipe out each others proxies not each other is there a generational war brewing in other words the response to debt selling money we ourselves is the correct response ok boomer another this is a meme thats out there as they x. And millennial is really realizing that they boomers have loaded them up with debt and ecological destruction isnt it mostly a generational thing even beyond the 99 percent of one percent is about this new generation basically inheriting a handful of nothing no not at all because the boomers are as much and are is much in debt. When the millennial is the fault and Student Loans the parents of kotor slime and theyre broke and have to go back to work instead of living on Social Security its the Financial Sector against the rest of the economy and thats what youre always talking about on your show and thats what the mainstream says you must not talk about who owns the dept to whom its really the Financial Sector and the one percent that is polarizing the economy and taking all of the g. N. P. Growth for itself not leaving anything for the rest of the economy well following up on china and keeping with the china theme trump has introduced in the 2020 department of Defense Budget the Space Force China is also announced a 10 trillion dollar Economic Zone between here and the moon is space go. To be the next frontier of war and if so how do you even get antiwar about it well it already is kind of the next frontier you know weve been developing all kinds of things you know beginning with just a lot of g. P. S. Stuff that helps you guide weapons to where you want them to go but you know i kind of think that this is going to end up in the same place where musks journey to mars is going to go which is to say it aint going to happen that before we get to that point were going to have such enormous financial problems that are going to convert into geo political mess that disorder that you know its really not going to happen despite the wishes in the fantasies of many people who are paid to do that why do all these you know on my skin jeff bezos why do they want to go to mars like whats up there a lot of government funding. Right well thats going to do it from running 22. 00 and they only show you will still be able to see in outer space well thats going to do it thanks for watching mask hazara stationary but until next time buy off. You know what to do stick to noise number 2 number one when you know kids love you to comment on them dont going to. Let you down the house and then im off to singapore. And i have to click on a young. And. Pretty long. Lines or. Something to malta. To. Oversee some of the. Calls for the reporter to be. Neutral neutral theres a rule of thumb is to. Put the call. To the secretary will mean are just. As the Great American buxom ahmed ali once said he who is not courageous enough to take risks will accomplish nothing in life the risk of us is one thing that simone to catch is not from being a key member of the mit Blackjack Team to investing in promising migrants into print. But what is a risk and how do you know if its worth taking. There are not ones out. Nothings off let down one man its nights out the definitions and. One seeking any south. Taken in equal city south jessa. To get the band and then you get ready for it. Now is like im. Right now i think the boys are going to know what that beach yeah sounds out. In this just feeling if one means i love this they not be deep but i learn to face them tokio find it theres going to keep going. His look was because did a piece of dancing coral cultural fusion called the grammys. Narrowed the race for the u. S. Democratic president ial nomination with joe biden and Bernie Sanders in the leads with a number of challenges dropping out to endorse biden there is a growing belief the Party Establishment has already shown its preference. Refugee dispute with greece deepens as tens of thousands of Asylum Seekers try to cross into the e. U. Even though steve made it into the block of being rounded up and deported. I did leave puts millions in the north of the country on lockdown after the number of coronavirus cases jumped by 1200 people in a single day
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