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My next guest says about Spain deserves -- and America isn't looking a whole lot better former UK.
John Brown John it just goes from bad to worse it seems -- these guys.
Only a few months after we thought they were over the worst you say they're not right.
-- underlying this -- is a fundamental struggle -- Titanic struggle.
Over the soundness of money you have on the one hand the anger Americans -- keynesian who believe in monetary debasement to -- big government big spending.
And big debts against the Chinese.
And the Germans -- -- the Austrian school who believe in sound money.
And in the G-20 -- seeing China lead -- struggle against the US dollar for a strong so that we can have a stronger international reserve currency.
And in -- -- in the European Union.
You're seeing a struggle Germany is trying to fight for a strong -- -- -- And add that strong Euro means responsibility and that voters say that's austerity -- -- -- like austerity before become -- meet their right to dot.
I'm sensitive to try to get your not to -- young man you know I was opinions on watching this.
Maggie Thatcher movie on wanna wanna -- Oscars -- And there's -- scene in there that's famous where.
Maggie Thatcher's own cabinet where whatever you call in Britain.
Ministers at cabinet -- they're all rebelling against -- saying look.
Did did did did did these cuts and all we have three million out of work it's getting out of control their rioting there looting -- -- Everything's on fire we we gotta go so what does she said now that lose this is the only way to break the back of this thing of course we know and registration is right.
But I don't see any Maggie -- out there today.
No they're not well the diamonds -- pretty much that.
And so if Germany is forced out of the top of the -- reported other countries say no we don't want.
To have financial responsibility if you're looking at the dot -- demise of the collapse of the Arab.
Now the Euro is the second largest currency in the world and Europe is now the largest economy.
12% larger than the United States.
And so it really worrying for the Fed that's -- been injecting heroin into the American economy and despite three trillion dollars of heroin.
That the American economy is slowing we had the GDP what is gonna that it doesn't happen over there if if they're giving -- well discipline.
That's not -- Well now -- -- Centre right civic progress and zero is.
Why is the dog is the -- there is strong and my suspicion.
Is it is being supported by the Fed with massive secret currency swap agreements don't -- -- involving.
Involving American citizens in huge risks.
If there's a collapse of the year -- American citizens will suffer the losses.
And this is what happened in Germany in 1926.
With the -- mark how the rush -- being changed the rent and -- People who -- and -- money -- paid by twenty and 25 cents on the dollar.
So if they fed is secretly and that's why it's urgent that we should have an audit of the Fed CEO -- and even congress doesn't know what's going on -- there are elected representatives here you have a private company that can run America into unbelievable debt.
As big as the debts they've already run up in the treasury and then I believe that's why the -- is still at a 131 not one point 31 dollars in the I don't know.
-- very strong that's a very very.
Powerful argument on.
John this is where -- -- to have a nice weekend because you just destroy -- just if I'm John Browne in Florida Panhandle man.
That's that's their.
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