It the dollars losing its status as a World Reserve currency and so the population just burns all day trying to nickel and dime each other and the government well this is what you get as well when you have these sort of wealth and income gaps and opportunity gaps is that instead of everybody just having a National Health service or the French Health care system is really good an equal everybodys treated equal here its its its either you are like bled to death or youre given like World Class Health care for nothing for eighty seven dollars a month so those are the only two options so at a certain point and it made so much sense it was so obvious to see this coming is that this couple had eighty five thousand dollars in income and that meant she had to pay that was before taxes by the way so that meant they had to pay two thousand one hundred a month if she just lowered. Two under sixty five thousand or sixty two thousand that she just gets it for free so why go through all that stress of coming up with twenty one hundred dollars a month working your mom off in order to get that money to pay that twenty one hundred and then just sit back you know she gets more days off she could just sit at home do Something Else read books whatever and west of quid pro quo for people who are happy to pay the maximum in the extortion racket that the drug and Insurance Companies got the government to impose an unconstitutional tax called obamacare is that they are bought in to americas various foreign policies of rape and pillage for a few bucks thats the Foreign Policy or two pharmaceutical companies created opiate crisis domestically you dont hear anyone questioning that on them s n b c or c n. B. C. Or any of the Mainstream Media outlets they all buy into it they get paid a lot of money theyll pay the stipend to the health extortionist and the obamacare folks as long as they push the line that theres still an active non ghostlike population thats crawling around america fishing through garbage pails living on dollars a day during the third world and trying to game the system twenty four sevenths so here you have a situation where people have been incentivized to earn less to be less to think less to strive less an order to get the Free Health Care overseas anybody whos connected in d. C. Has connections or close to power and erik prince is one of these guys erik prince is a very good friend of steve bannon hes his sister is betsy demos who is the education secretary and the trumpet ministration well apparently he pitched a plan to strategically scam the American Population and basically plunder afghanistan and thus exposing what the plan was all along private war erik prince has his eye on afghanistans rare metals controversial private security tycoon erik prince is famously pitched. Day shift plan to the trumpet ministration hire him to privatized the war in afghanistan using squads of security contractors now for the first time however buzz feed news is publishing that pitch a presentation that lays out how prince wanted to take over the war from the u. S. Military and how he envisioned mining some of the most war torn provinces in afghanistan to help Fund Security operations and obtain Strategic Mineral resources for the u. S. Once life for example shows that he believes that theres one trillion dollars worth of rare earth metals and things like lithium for batteries in just Helmand Province and he wants to go get it and give the Us Government a cut and his private contractor says securities in his hit man his guys will go in there and and take it but you want to do a leveraged buyout of afghanistan is pledging their collateral of the rare earths to fund his takeover of the country and to sell off the rare earths and to get a fee on the invasion now dick cheney pitch that the invasion of iraq would pay for itself from the revenues on the oils yeah i thought it was a mod chalabi. Thats right and that turned out to be a sinkhole of multitrillion dollar catastrophe and human rights disaster im sure livio of korea Hillary Clinton was pitched in a similar way they were to get off the well get the Energy Resources or the leverage buyout of libya greece was totally destroyed as a quasi i leveraged buyout between hank paulson or john paulson Hedge Fund Manager and Lloyd Blankfein of Goldman Sachs to turn that country into some kind of paradise for Hedge Fund Managers so an area financiers like in this case erik prince former you know assassin for hire turned head fund manager to go in and do a leveraged buyout of a country or a or or a company the results are encroaching all of awfully human rights catastrophe and no accountability this will be a disaster will get rich theyll be a lot of deaths a lot of murders a lot of the. Zis will be written off and never talked about there are new technologies that can basically offer the Afghan People themselves access to that mineral wealth and that is Something Like an initial Coin Offering this is just right now before erik prince can sell this because he is still in d. C. Pitching this to all sorts of lawmakers trying to get him to go in there his private army to steal their resources well why dont they just like float and say hey you know heres our initial talk calling offering you could have a cut of our one trillion dollars in Helmand Helmand coin you know they they should offer it is worth a trillion dollars theyll take five hundred billion you come in come extract it. That they can immediately access that the the Global Financial crypto markets are desperate for Investment Opportunity if we push this virus far far fokus yes it was Banking Finance minister of greece and we told them to go to bitcoin make bitcoin we talked about this you know say exactly but greece only had debt these guys have no debt zero debt from afghanistan and theyve got thousands and trillions of dollars of risotto as well as going to offer the petro i was going to be a crypto coin backed by mats or as you talked about in the previous episode with our guest from piers but but now i want to talk about this like how what he is modeling this on this is quick. Is speaking of imperial member i said these imperial nations you always see a shrinking of the wealth home and x. As the footprint has to expand overseas and more and more is dedicated to keeping the edge of empire alive and people like erik prince very wealthy so prince briefed Top Trump Administration official directly talked up his plan publicly on the d. C. Circuit and published op eds about it keep patterned the strategy he is pitching on the historical model of the old British East India Company which had its own army and colonized much of britains empire and india quote an east India Company approach he wrote in the. Germinal will use cheaper private solutions to fill the gaps that plague the Afghan Security forces including reliable logistics and aviation support you know you go to the wall street journal you go to bloomberg or you go to Financial Times and you see all of this stuff openly discussed the never gets the sauce on the shrieky cable news which is pushing hoax after hoax after hoax about very are social issues whereas the empire is being divided out and cut and chopped all the wealth stolen around the world in the only in the pages of the Financial Press you know well of course the east India Company was a colossal failure and bubble burst could be the south sea bubble as well that the so am i confusing the middle i am a little bit here you know but it isnt a company was very very successful and. I think it was successful and what was it was always a success this is a show about modern day and im just comparing erik prince that he is modeling this on a imperial previous empire how the east India Company helped with their private armies to expand the British Empire the British Empire for sure has collapsed that is gone you can say that for sure that you got that right here we have an american empire on the verge of collapse and here we have a guy erik prince whos connected to the political powers that be who wants to expand well who plunder the rest of the nation while the u. S. Still ok ok so so in the us either the British Empire in the east India Company versus the american empire america princes yes neo east India Company whatever hes calling it is there any east company yes yes he wants to do it through his chinese registered company as you do. Because he knows which is the next empire this is him transitioning to the next empire i think i dont know if hes even allowed to set foot here but one surprising element is the commercial promises prince of visions that the u. S. Will get access to afghanistans rich deposit. Of minerals such as lithium used in batteries uranium magna site and rare earth elements Critical Metals use and high tech from Defense Electronics one slide estimates the value of Mineral Deposits in Helmand Province alone at one trillion dollars and he does mention actually even though hes doing it through it hes proposing this anyway through his chinese Register Company is that the chinese may feel a the Rare Earth Elements Market so that giving out thats right the u. S. As well i mean theres a lot of rare earths on asteroids one up but eric present a rocket strapped to their rocket and blast off and outer space you know see i think im going to be ok weve got to go to the break dont go away much more coming your way. When you all know its coming through and. If somebody would have been told to spend my life to plan to get to the two story person of the salt it was clear. Every night or we were attacked by the arabs oh are we will attacking them and we will extremely short. Saying thats not possible oh me both. And then the soldiers myself and the. Host with all the prison over to go over. Really much close citizens in. Groups like and let me get my head that there is noone will to be able to do the. Role because the vessel only forty years they play a short tournament. Im a chess you know your lifestyle beautiful part of the old. Its theyve won so many. Lies whatever a sixth time flow its a list of a story. How does it feel to be a sheriff the greatest job in the world its as close to being a king as any job there is one Business Model helps to run a prison now we just do it all my guess is youll be video visitation i dont know what comes in it well we dont have to sarge them anymore theres a cult effective thats what they want to do that at the moment they dont give a damn if you do good so it doesnt matter there are actually paying us to put it back into the louisiana incarceration rate is twice as high as the u. S. N. Breach what secret is behind such success. Welcome back to the guys report on nice guys are time now to turn to marshall all bach is the Research Associate at the Levy Institute martial law come back next thanks for having me again all right listen before we get into this deep you know ideological stuff i got to ask you about a tweet talking about the Carolina Hurricanes and the National Hockey league oh yeah there are thoughts on this they should relocate to quebec city story all you hockey fans in raleigh i know theres not many very many of you but thats my team now i know all of them when youre talking about reloading them to quebec i mean im just going into the hurricanes you and maybe five thousand other judging from the attendance levels at the games so while this is part of an expansion of the n. H. L. Well no the whole reason why this came up is because seattle agreed to spend money were renovating its old arena so gary bettman came out last night in effect all but promised them an expansion franchise for a cool six hundred fifty Million Dollars so if you like the stanley cup this year why go through with the leafs limit on a medal and of course you know thats my team is their tameness their year all right so we know you know more about m. M. T. Youre one of the preeminent m. M. T. People tell us about it more would describe myself more as a popularizer and probably again to regard to modern monitor theory that the people really behind it who have done all the heavy lifting are scholars like Bill Mitchell of the university of newcastle in australia Stephanie Kelton randy ray young cradle and of course war and mostly whos also got a problem following on in the twitter sphere so tell us a little bit about it just give us a primer on it im just going to sit back and let you talk a little bit about it as a people have a real interest in this theres a lot of different aspects to it but the main point that modern monetary theorists always make is that there is no inherent financing constraint when you are of sovereign in your own currency and by that means you are the issue of your own currency you are not operating on an Exchange Rate standard a Gold Standard. Youre free to create as much money as is required. Consistent with broader public purpose that which is not to say as dick cheney did that deficits dont matter what it does mean is that the focus remains on the constraint of real resources so that if the government keeps spending willy nilly resources codified qualify that well i mean like if you go to tight labor market youve got tight Commodity Markets and you keep spending money then of course you can get inflation thats your constraint but theres no necessary constraint on say you know the European Union has this ability and growth pact with prodi rightly called the stupidity and growth pact with they say you cant run budget deficits more than three percent of g. D. P. Or some grace was entered into the euro Goldman Sachs help them cook the books to get around that yeah but that all that there is no concrete theres no empirical basis at any level per say ok whats the who and the government the function of this would fall to the treasury right thats correct thats not this well the look at the central banking treasury effectively have a unified function what happens is that you know the treasury spends the money into existence and the Federal Reserve as the central bank effectively acts as the scorekeeper and you know to. Is the entity that actually punches in the the the digits on the keyboard you know that creates the money in the first place does the obviate the need for the central bank well it is. Because they saw your bank loans the money to the treasury effectively right wrist and thats where you end up with a problem because youve got to print money to pay the interest and we end up with a kind of a explosion and well but its like saying you know you have your mother and your father you know they both take on the parenting function they just take on different roles so that the central bank is privately owned and the federal well ive heard that argument before but it is a creature of congress it was created by congress could be revoked was is not a wholesome beast it doesnt like to operate that is a different interest of all. Privately held bank that is lending money. And interest that is not. I will i wouldnt disagree with you. One of the reasons america staged the revolution was to get rid of the i way from the bank of england the bag of england and the course limited the bank the United States at one point as well but but look even if you go over to the Federal Reserve to more replaced with Something Else that youre not going to eliminate corruption looks like you know in congress is in theory a Public Institution supporting acting in broader public purpose but i wouldnt say that what youve seen out of Congress Certainly in regards to this tax bill is ok youre saying that they would be proactive in in increasing or decreasing availability of money depending on restraints and constraints and taking the temperature of the economy whereas in the central bank of quezon they seem to only see one possible outcome and that is to keep rates as low as possible seemingly to kowtow to folks that are benefiting from these low rates like the leveraged buyout people buying back their own shares people involved in all kinds of nefarious games that require low Interest Rates an