Now saying the us is losing its world superpower status due to its failure to lead on the covert 19 crisis and this time it might not recover the american oligarchy are showing the world something as this hits the fan theres showing everyone that they cant be trusted to lead to help to facilitate to organize even just to secure the short term future of humankind theyre demonstrating that they cant do shit but steal killians of dollars im lie about it asking the american empire to help you is like asking a beehive to do your taxes they cant they wont they dont even know what they are talking about and they might sting you just for asking meanwhile other World Leaders are doing the exact opposite the u. N. General secretary antonio good terrorist called for an immediate global ceasefire in all corners of the world the us on the other hand has called for more war economic war on venezuela and iran bombing in yemen and afghanistan and more they consider it to be essential work to perpetrat
Interesting times michael take us inside the pentagon at a time like this whats the mood there. Well there are still Interesting Times and right now everyones on much greater alert today we just saw this just in the gulf in the persian gulf with the buzzing of u. S. Naval air u. S. Naval ships and so but i also think its a time where countries may start taking advantage because of the focus of the United States on the coronavirus the the breakdown of its of the entire economy and the need to get back to work and and peoples jobs so people are focus inward and meantime other activities are going on were seeing an uptick in syria the israelis have begun intensifying its amins in the in syria against their iranian and as bala targets and were seeing it israel now trying to coax the United States to. Instigate act actions inside of iraq and order to. Get a response from iran and and then we see this action of the of the threats from pump a 0 to ship and the president really to shoot out. T
Are doing here and why we are doing it, this is part of an ongoing series sponsored by the center that historical current issues. The center itself is strictly nonpartisan and the purpose of the program its not to advocate for any particular policies, but to provide Historical Context helping inform policymakers as they deal with difficult issues. I want to thank or acknowledge the Financial Support of the mellon foundation, which makes this briefing possible. I also want to thank regional weekly in the back of the room, which is the assistant director that helped organize this. I want to thank the office of gerry connolly, and also alert you to the fact that you all have index cards on your chairs. This is for questions. As the presenters are speaking, feel free to jot down questions. We will collect them. The second half will be devoted to q a. We will collect the questions and go from there. Thank you all for coming. David . Good morning. Thank you for coming. I have been Teaching I
Went so deep through the Looking Glass that we had that fracking with the red queen centrum right 1st of all they were never making any money but they had to keep on drilling faster and faster and more and more just to stay in the same place now were through the Looking Glass and the totally at the end of it in the past 2 years and all that is beyond that is a black hole and spaghettification because right now you know when we got to negative Interest Rates when time had no value that was one thing and we told you we were shocked we were like alarmed by this then now we have the negative in the negative cost of of energy so like does equal mc squared any longer. Yeah i see where youre going with that and you know looking back at the history. They can omics i guess you could say you know 1st you had stuff like agriculture and then you had factories and then you had capitalism or theyre going to try to underwrite the cost of these big factories by using limited Liability Corporations the
Crosstalk economic recovery im joined by my guest Benjamin Cohen lubbock he is the director of the Free Market Institute a professor of economics at Texas Tech University as well as a senior fellow with the independent institute and in los angeles we cross to he is an independent economic and geo political analyst as well as a former commodities trader all right gentlemen crossed up rules in effect that means you can jump in anytime you want and i was appreciating lets go to los angeles 1st here i said in my introduction i guess probably the most important question there is as we come out of this pandemic and its all going to be about the economy and its everything were going to think about for the next few months if not years is about recovery so infer a very simple question will it be a v a you or in hell go here well weve been in an l. Shape depression since the 2008 financial crisis i mean only that true Economic Data on unemployment inflation g. D. P. And the like have been warped