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Danger -- let me bring in former US ambassador to the United Nations John Bolton ambassador Bolton joins us now live from Chicago.
Let me first of bold before getting there Israel -- 67 borders fat and Gene Simmons is when is as you know -- ambassador.
I want to ask you about Europe Greece in particular looks like they gonna get a bailout does that help or -- others in America.
I think it hurts us but remember they're only gonna get a partial bail out here and very reluctantly and the underlying problems Greece has of overspending.
Vastly inflated governmental sector.
Are not really going to be -- -- and Greece is not the only problem as we've discussed before you've got Spain and Portugal Italy and Ireland.
Perhaps others as well let's also not forget all those German banks that own all that Greek and Portuguese and Spanish -- So the fundamental contradictions that Greece has are not going to be resolved and the fundamental problems of the Euro are not going to be resolved either we just kick the can down the road the Greeks go home they they default at some point in the future just not now -- that it.
I don't I don't see how they get around I don't think they can repaid his debt they're gonna have to -- that's a default the issue for the United States right now right now is twofold number one do we help out through the IMF and I don't think we should because I think the Euro.
Is fundamentally a political.
Cause a lesson economic -- from the US point of view and number two what lessons do we derive from the Greek experience.
For our own circumstances right now we haven't derive the right lessons.
Greece should be allowed to default if -- student of history.
You will be we'll take notice of the fact that over the last hundred years they've defaulted close to ten times.
Let them default.
Let the Euro try to stand up on its own England wisely -- -- -- that's 120 saw that the pound should not become you realized.
And by the way in retrospect they made the right decision there's chaos in Europe.
Because it's it's become a welfare -- and trying to uphold banks that don't have the due diligence to make sure -- populous.
It's becoming -- money laundering haven go to Greece it's chaos over there because the population doesn't it wants to stop working at 54 united -- -- on the -- because I don't -- You know retire at sixty it's nonsense ambassador Gene Simmons -- let it go bankrupt and you say.
Now I think that's got to be the way it happens otherwise you're not gonna have.
The event that brings people to their senses and and I think that's a good point for us here as well.
What the Obama administration is doing is as an alternative Greece doesn't have it is systematically.
Depreciating the dollar allowing it to -- That that's why the Euro can rise no no sane person would buy euros against the dollar except they see the same thing happening.
To us with a massive potential for inflation that we've got out there they the administration doesn't seem to be concerned about.
But ambassador to Jean's point earlier -- become this this world of handouts there's not enough votes out there to allow Greece to go down.
There will be if someone will make a case to save this country because.
Of the destruction of Europe in general and Greece shall be saved and then the ball just continues to be passed on.
It's just the Europeans want to bail Greece out then I say it let him go ahead and do it the the leverage that we have at this point it seems to me is to.
Prevent the IMF from continuing to come.
To Greece's aid and I think that's very important especially given we've got to contest here for Director General of the -- and that -- the US could have a very -- Your voice I believe by the way of the IMF made -- huge mistake in not allowing.
Fisher yes let's have a -- Israeli bank system to go in there even though there was a two year difference.
In the quote retirement age 67 and bad if he's not insane yet let the man do what he's.
Trained to do which is around the IMF like a business instead of the -- political entity.
I'm basketball -- I know you've been thinking about running for the presidency may I suggest that the small and you just found yourself a running mate -- Gene Simmons.
Yes I think I think the -- a powerful and attractive man and I would be honored sir.
Hey ha ha -- I've gotten out there we go I've got yeah undersecretary I -- out and if that's it.
-- basketball interesting stuff thanks for joining us -- weren't so I appreciate thank you.
-- I wanna continue this just 12.
I -- jump on the Internet so you -- 300 million dollars veteran of the Internet is rife with rumors are.
That's not a question that you've answered with a first question is who wants to know.
You know one of the wonderful current financial program -- we ask everybody -- you don't have to as all dressed up some -- Republicans have been instances you have to answer to your constituency.
And that's a big word like gymnasiums to act after stitched him are you with thrifty.
I am the cheapest SOB you -- -- you see any blowing on me excellent -- I believe in the end of the tried and true method of over of the great generation that existed right after the 29 crash.
If you have food in your belly and I hostile -- you have everything you could ever imagine and Shannon.
The dear lady who I worship the ground she walks on who have been with for 28 years gets to hear this nonsense every day we have two wonderful children.
They've never had a single penny given to them after -- it it's America you're blessed if you have a job there's nothing for free.
I'm against giving charity I really am although -- very travel person.
I'm for giving jobs don't give them fish.
Teach them how to fish they'll never have to say thank you they'll have the dignity to stand up by themselves and pick -- -- and America needs to learn that lesson.
And if you go to Gene Simmons dot com you'll see what I when I open of the New York Stock Exchange rang the bell N and Fox Business was there and asked me what the what the answer -- in my -- invest in America -- -- -- -- 8000 I made a big fortune it's -- 121000.
You know you've got another fourteen minutes with -- there's plenty of time to give that -- -- what I have to -- -- important still -- -- public -- -- they -- -- -- we give -- -- -- and Roger -- was watching so you know and -- gonna -- the vice presidential running mate -- candidate balls and I feel -- I've already the king of the world in my -- -- -- --
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