Alright y'all welcome back to the show It's anti-war radio, and now we've got a good interview lined up Tom Woods author of meltdown and Charles Goyette author of the dollar meltdown both hardcore libertarian individualist natural rights radical types like myself You want to know a little bit about Charles Goyette and go to the American conservative magazines website and read a great article He wrote a few years back called how to lose your job and talk radio He's a career radio guy, and of course he could have written how to find more jobs and talk radio now.
He's writing books including the dollar meltdown and a brand new one that's coming out about something about I got to do is not be afraid and Stop believing in the state and start believing in yourself and everything will be fine in that right Chuck Something like that yeah, it's a funny that it would take that would take a Book to help Americans wake up to the fact that there's some sort of correlation between liberty and prosperity But that's why I'm forced to write it Yeah, well and good thing you are too because as things break down worse and worse people start looking in all directions for easy answers And hey being free and you know owning your own self and the things that you You know accumulate voluntarily and whatever that's easy, and it's a lot nicer than fascism You know which is the other option apparently so yeah anyway the dollar meltdown Is the great companion to the regular meltdown and what Tom was on to talk about that?
But let's start this interview off with David Broder's piece in the Washington Post yesterday, or was it the day before?
Did you see that Charles?
Yeah sure all right so Apparently It's the way he writes it jeez it's kind of tough to say it or whatever But we all know it's true war is good for the economy and Barack Obama could save his presidency and in fact be one of the Greatest presidents like Lincoln or Franklin Roosevelt if he would only attack Iran Isn't that the syndrome that all the great presidents are the biggest warmongers, but you know I'm glad that Broder's taking some heat on this But I remember in 2003 in advance to in the lead-up to the invasion of Iraq on on Bogus grounds I remember watching Larry Kudlow Lawrence Kudlow on I guess CNBC or whoever he's on Talk about how good that the war would be for the stock market hasn't quite worked out that way for us now has it Larry?
And I remember William Seidman who was a distinguished dean of one of the business schools the big business schools And I believe became the head honcho in charge of the FDIC and probably the FSL I see during that period of the savings and loan problem And he said effectively the same thing oh the war would be good for the economy Didn't quite work out that way now bill did it where do these people come up with this stuff?
Well, it's just that they see in the very short term and in fact the Bush years Everybody was getting rich staying home a lot of people quit their jobs and just living off of their house Yeah Refinancing it and going to buy in a new car And then I want to call everybody's attention to a great piece by Karen Krakowski on Lou Rockwell calm Asking you know why is Jonah Goldberg still alive?
That's effectively what the is that on the Rockwell today?
Yeah, tell that story Yeah, well we talked about this on the show yesterday Glenn Greenwald's got a great piece about it as well Jonah Goldberg the son of Lucienne Goldberg is his only you know achievement in life or whatever the lady from the Lewinsky scandal back in the day and He's a guy that taught us the Ledeen doctrine America every ten years or so needs to take a crappy little country and Slam it up against the wall and shatter it to a million pieces just to prove that we're tough guys and whatever and he's saying I Don't know if he's specific about you know whether it should be enemy combatant status or or what?
But he's basically saying that the military and or the CIA ought to find Julian Assange and kill him and in fact I think we established yesterday on the show uses a slang for a piano wire around the neck Yeah, and so never mind law this guy is an enemy of the state and now Charles Oh, it was Dan Ellsberg who explained that that was the proper euphemism there Charles All Assange is supposedly guilty of doing is Leaking the truth to the people of the world about how the wars are being conducted.
That's all he hasn't You know sided with Saddam Hussein and not like he's an American could be guilty of treason anyway But he hasn't done anything.
That's an overt act on behalf of a foreign power It's generally acknowledged what he's doing is just giving the truth to whoever can download it which is wiki leaks org It amazes me how very very touchy how very very sensitive All of these warmongers are about to about people discovering the truth of the causes is so noble if the cause is so So justified if the if the the demand for the war is is so meritorious What are they afraid of letting people know what it is that is actually going on well and people can find Jonah Goldberg It's on the internet and Google keep it forever in that cash somehow They can find Jonah Goldberg saying hey look I would go fight it said that you know I have a wife and a kid and a life that I'm leading here and I'm getting paid a lot of money to write my Crappy articles about why you and your kid ought to go die in this thing.
And so I'm sorry I can't be bothered.
He just goes ahead and explains this wars for you This is for me to promote and for you to go and die in and get diagnosed with a personality disorder He got that from Dick Cheney who had other priorities when it was his chance to be a real life instead of virtual warmonger Yeah, absolutely.
All right.
So now let's talk though like specifically about the Economic fallacy.
Well, I guess maybe we'll have to wait till the break but you know Broder's really getting at something there any Charles when he says war is good for the economy because This is the narrative.
I learned this as a little kid and it's basically everybody knows kind of I think that You know in the same way America's a good guy or whatever that FDR and the New Deal were doing great things to solve the problem of the Great Depression but that what it really took was World War two and all those factories kicking into gear to build those planes and tanks and Ships and that's what saved us from the Great Depression Everybody kind of knows that it's the consensus so everybody learns in their government school and that's what David Broder didn't cite anything that he was just reaching for the Everyone knows there and so why wouldn't it you know war with Iran be good for the economy if it would mean the Production of more fighter planes and bombs and whatever and screw them Persians anyway, right?
That was so good for the state You know That's what it was good for it wasn't the help of the economy or the prosperity of the people It was good for the health of the state It allowed the state to be in a position to command the lives of the American people all the resources Of the American people, of course, of course when you put millions of men under arms, of course The unemployment rate is going to go down I mean that we all found a job We'll go to prison if we don't volunteer well you could take a cane that at his word and and you could Draft you could conscript millions of men to go out and dig holes in the earth and put Bottles of paper money in them and bury them in the dig them back up I suppose if you wanted to just keep up keep people doing something either destructive or that produces absolutely not of course Unemployment went down, but it really wasn't until the end of the war that we had a recovery and we had a recovery Because the military spending collapsed The American people were able to start keeping their money Investing their money saving their money forming capital and it was then only at the end of the war That the economy recovered, all right, we're talking with Charles Goyette It's anti-war radio Tom Woods is going to be joining us and we're gonna get back to where we started here with why it looked like everybody was making money and things were prosperous during the first decade of this century Charles and And then you know, you were saying to Kudlow and the rest of these guys didn't work out that way But I'm gonna make you prove that causation when we get back All right y'all welcome back to the show It's anti-war radio, we've got Charles go ahead on the line and now we're joined by Tom Woods Goya is the most famous radio host in the world and Former partner at anti-war radio if you just search anti-war comm for go yet.
You'll find a lot of great interviews in The anti-war radio section though.
It's been a long time and we miss you very much Charles Tom Woods, of course is from the Mises Institute.
He wrote a million billion awesome books Two of them are nullification.
That's the most recent about how the states ought to stand in between citizens whose rights are being violated in the national government, which most routinely violates them and Also is the author of meltdown a free market.
Look at why the economy tanked, etc And now the way I look at it is this Tom Woods book meltdown is about how we got to where we were at the end of 2008 and Charles's book the dollar meltdown is the perfect companion.
It's the next one on your list They both go together just like peas and carrots and it's about the dollar meltdown the crisis the crack-up boom that we are headed towards as The government continues to create money out of thin air in order to stimulate Digging holes in the ground and burying bottles full of paper money or whatever bombing people to death in Pakistan.
So That's my plug for y'all's books and and my explanation of y'all's credentials on this subject both y'all Mises Austrian economic types and now so Tom I'll fill you in before the break.
We're talking with Charles about the Empire in the especially this first decade of the 21st century and the war on terrorism and the trillions of dollars that have been spent and The idea that this is good for the economy and and he was laughing and saying yeah well, how's that working out for you, but It seemed like while we were at war things were great In fact as soon as the Sunni the Sunni awakening broke out in Iraq is right around the time the economy started doing bad.
And so, you know, maybe we do just need more war.
I want to hear the causation To this correlation.
Yes, we're broke.
Yes wars are expensive, but isn't that good for you know stimulating aggregate demand and that kind of thing?
Well, if that were true, then you would think that when World War two, you know the big one as Archie Bunker used to say When you think that when that one ended we're given all the spending involved there then we should have conversely fallen to a terrible depression because of the federal budget being cut by two-thirds very dramatically and suddenly and yet to the contrary what we got was that the year 1946 being the best most robust year the private economy has ever seen but Since then and before then and in every year of all American history There's not one that compares with 1946 in terms of productivity.
I mean 30% Production increase in one year I mean, it's just never we've never had that kind of result before and yet we had from 1943 onward the usual suspects among the economics profession warning Precisely that we would indeed fall into depression if the if the spending were simply discontinued In fact Alvin Hanson who was the best-known disciple American disciple of Cain's Actually said in 1943.
Well, look, you know when the war ends We can't just disband the army and stop building ships and and lift all the economic controls Well, you know what Alvin that's exactly what we did do.
We did do all those things We didn't have to carry out your crazy idea that we should continue building ships for a war that already ended We actually just stopped doing that and the result was that the economy adjusted So it's not like if the government doesn't spend the money Nobody will spend it No people get the money back and they spend it employing each other but providing useful goods and services.
You can in fact survive Without the government blowing all this money on the military-industrial complex And I would add by the way that it was a relatively common Cold War Complaint or observation rather among Marxist That in fact the US economy would indeed plunge into the doldrums if it weren't for this constant spending stream on the military Well that that's that's just dead wrong Whether it's coming from a Marxist or a right Keynesian like David from or whoever it is They're all wrong One second Charles, hold it right there one second I just interviewed this guy from the Los Alamos study group about the Insane boondoggles in the nuclear weapons industry and the so-called SDI in this all this madness bazillions of dollars thrown in a in a black hole and yet Charles it seemed like everybody was getting rich during the worst part of the war on terror Why if all of this is clearly just a net loss as you and Tom have both claimed so far Well, let's start with the purchasing power of the dollar and all the money that you saved during the Bush years The dollar lost 20% of its purchasing power to during that time.
Does that matter to anybody?
Yeah, does the does the fact that the prosperity was the result of?
The money supply and credit conditions being pumped up to sky-high realms by the Federal Reserve Matter.
Well, it might look good to you at the time But we are suffering the consequences of it now with the mortgage meltdown You it does it does it matter that?
That that the cost of living in the United States is about ready to to literally explode perhaps as early as the next quarter I'm looking right now at a chart that Specifies commodity price increases.
I mean these are underlying commodities not the food you buy at the grocery store But the underlying commodities over the last 12 months wheat up 74% corn up 14% oats up 68% you're looking at prices of basic food commodities up something like 48% Over the last year energy costs up 23% on average over the last year So all of these things, you know It's sure you can you can give your kids all of that Halloween trick-or-treat Candy and have them bouncing off the wall for a few hours, and it looks like gee They're really strong active kids.
Look at that Look at that sudden burst of energy and then they collapse dead to the world.
They sleep through dinner That's the same with college kids that you you know, you ramp them up on a couple of triple espresso double mochas and They stay up all night to study for finals and they fall asleep at 3 in the morning and they missed their 9 o'clock final I mean eat all of this all of this seeming prosperity was at the cost of something And the costs are coming home to roost as they say right now But I wanted to ask Tom if in in the face of the wonderful 1946 and subsequent recovery in the United States If all of those guys like Alvin who you discussed and the others the the other Keynesians and Marxists Didn't throw themselves off a bridge You'd think they would at least resign their positions or modify their point of view But no, they they double down on it.
They cling to it all the more strongly even though they're staring in the face of The most vivid reputation of what they teach imaginable and Scott what you were saying about all the waste and everything I mean, I've been writing about this for quite some time I mean you look at the money that Leave it leave aside the money that's spent on prostitutes and outright bribes in the military industrial complex Let's just look at you know, the f-22 and some of these crazy projects that just absorb all this money summary really so Short-sighted that we think that if we my gosh if we ever took that money away and spent it on something productive Well, the economy would just tank it just can't be so and moreover I think the alleged prosperity that we observed during the war Had all not that it's over People think of it that way anyway that the worst part of the Iraq War is over for example Right, but I don't think I wouldn't say that because the worst part of the war is over Therefore that's where the economic collapse came from.
I think the war it's entirely advantageous that we happen to have the war we happen to have A period about of apparent prosperity.
I don't think there's a real connection there I think it's the Federal Reserve is creating the phony prosperity and yet you mean sure you can temporarily get some phony Prosperity from a war, but of course again, it's phony I mean we could get phony prosperity building a lot of totally useless things But once we're all done building those useless things, how are we any better off?
But then we still haven't solved the underlying problem of how to Deploy human beings and resources in that configuration that will best satisfy the needs of human beings and all of the money that you had to borrow to build the useless things or to pursue the The the phony it up war has to be paid back It has to be loaded on the backs of little children Who will never have the kind of lifestyle that we've enjoyed in this country because they'll be paying back our present consumption Oh, no, but I'm an American.
I just refuse to believe that Charles You're just one of these doomsayers things getting better The economy's recovering and and I won't believe that the kids are going to grow up in a third world America.
You just can't be We'll be right back.
It's anti-war radio You All right world empire and the business cycle theory Anti-war radio.
I got the great Tom Woods and the heroic Charles Goyette on the line And now here's my take guys on this whole war and the bubble thing is that the dot-com thing was a big bubble and that Was all crashed in 2000 and Bush made a big deal about hey I'm inheriting this recession from Clinton and all the talk was we got to prevent a double-dip recession We got to keep inflating and of course got y2k scarce So we need to make sure there's plenty of cash for every ATM so that we don't have runs and panics on paper currency So they cranked up the amount of paper currency I don't know exactly how big of an effect that had and then September 11th happened not only did it happen to happen at downtown, New York, and so that was extremely problematic for the financial markets and Basically at that time all things being equal America was due a severe recession a correction They call it in saner times But instead and I remember the first GM commercials was like a really low camera shot Headed down the highway and we're America and we're united and we're standing strong and now in cooperation with the Citigroup We're doing 0% interest rates.
Everybody go into debt So now at that point the double-dip recession didn't happen, even though a massive attack and we needed a recession.
Anyway Everybody started getting really rich at 0% interest rates So now I want the two of you masters to explain to me how exactly that works in terms of you know You guys understanding of the business cycle and because it seems to me like it's the business cycle interrupted But maybe they can do that.
So either which one of y'all take it away.
I guess Charles said Tom you start Okay, I'll try and do a a quickie version of this But first of all, do you agree with my premise there the way I set that up that that's basically about right?that that that in 2001 America was due a severe recession and instead they got out of it by Exactly.
I take that exactly that approach in in meltdown.
That's exactly my thesis and For papering it over Alan Greenspan got the the moniker the maestro.
How did he do this?
Well, you know, it's actually not that difficult to see basically the long and the short of it is this and you know Anytime people hear the words interest rates their eyes glaze over they think I got to switch the station But you can't you can't I mean you this is the prosperity the world rest of the balance here It was very important to get this very simple Is that when you have somebody like Alan Greenspan or Ben Bernanke running the Federal Reserve?
They have the ability to fiddle with interest rates and it's not like interest rates are just some arbitrary number and you know Life would be perfect if we could just force them down to some low number.
They they play a role like any price They play a role.
They're not arbitrary.
But if you force them down thinking that you can bring about free prosperity by this means What in fact you wind up doing is?
Discombobulating the market completely and then leading to all kinds of decisions being made that wouldn't be made Otherwise that there are certain lines of production that suddenly become much more profitable and that they're typically lines of production That are the most interest rate Intensive and so particularly when you look at this recession is not just housing that did really badly Particularly hard hit also were raw materials mining all these things took particularly disproportionately hard hits These are the things that because it takes them a long time to actually bear fruit because they are long-term production Well when you lower interest rates That makes those things all the more profitable because those things take a long time They're going to involve long-term borrowing and when interest rates come down that disproportionately helps long-term borrowing So long-term production projects tend to get started interest rate sensitive production projects tend to get started But those are projects that the free market would normally have been Had been dampening down the free market would normally been saying now wait a minute Wait a minute now is not the time for everybody to be engaged in these sorts of projects the long-term Funding for them isn't going to be there the people aren't willing to save enough and defer enough Consumption to make possible the completion of all your projects and now it's not the time to do that the market is trying to put A break on this as Hayek said that the interest rate is supposed to be a break But when when the lights are supposed to be yellow or red the lights are all green under the Federal Reserve With the low interest rates just go ahead.
Yeah sure expand expand expand But eventually reality catches up and the exact mechanisms of how this all works You can find out by I put together a little resource page Learn Austrian economics calm where you can listen to audio and watch video or get articles find out exactly how this all works But that's the basic bottom line is that you you have the economy put on a kind of a sugar high For a little while and then eventually reality sets in we realize wait a minute We have as a group Collectively made the wrong Production decisions with our resources and now the economy is a totally discombobulated mess that needs to be completely reconfigured so that we are producing the right things in the right quantities in the right proportions at the right time and the only way that Can be done is through the decentralized mechanism of the price system and entrepreneurs Appraising various projects and deciding what is a real project That's really going to bear fruit, and what is just a bubble project that needs to be discontinued Well, and and then the driving force behind that is the president needs to be able to invest the entire nation in Unsustainable project like say a bonus extra war on top of the one that somebody had come in Charles Yeah, that would be that would be really really wise and that's part of that's part of where we are look I ditto everything that that Tom said about it I used the example in the dollar meltdown of the in the olden days when the when the pirates Would erect a false lighthouses in the middle of the night create a big old bonfire as though that was the location of the the lighthouse and it would lure semen and merchant ships to to the shoals that they'd crack up and wreck on and By the same token the Federal Reserve does this by?
Jerry rig it around interest rates manipulating interest rates creating of false signals to the business community about about business conditions and about Future prosperity the availability of money and about Saddam's relationship with Osama Yeah, well, I mean if you you know you can't do better than than forging war documents That's that's even better than erecting false lighthouses Well and the reason why I say that you guys books are twin brothers here the meltdown and the dollar meltdown is because Whereas Tom's book is about this is what happened to us your books thesis really is about here's where we're headed because what's the Federal Reserve doing right now instead of letting us have that correction just like we talked about happened ten years ago They're doing the same game again, and they're creating more and more and more money and Charles in your book You're saying at some point this stops working and that some point is soon Well look gold is a good indicator gold always sets up shop at the crossroads of history And that's why it's giving signals that we're in for a monetary crisis now gold at 1356 It just keeps making new highs.
It's it's trying to warn people it is actually The best thing possible to get people's attention that there is a problem There's an underlying problem with the irredeemable the fiat paper money Not just here in the United States But globally the whole world is tarping is deficit accommodating is quantitatively easy and all paper currencies There are no redeemable currencies around the world all paper currencies Are are going to have a day of reckoning and gold is signaling that right now now before the break you said that the people?
Listening now that their kids are not going to live in the same kind of civilization that we've known how drastic are you talking about?
The changes that we're facing here well I'm afraid it's very very drastic, and I you certainly don't want to be deemed some sort of a doomsayer I'm trying to say look the world has been through these things This isn't our first currency crisis rodeo the world has been through these things And they always live very very badly, and there's a great deal of pain and suffering and dislocation involved so the debts have been loaded on the backs of little children for present consumption and Those debts will have to be reputed in one form or another I mean, it's it's simply not believable that that people who are not even born yet Will be willing to work constantly throughout their lives carry the burden of the waste role Behavior the United States government during our era it's not going to happen So the debts will be repudiated in one form or another and whether it's by a slow motion repudiation of depreciation of the currency And and so people get their social security checks ten years down the road But it's not enough to fill up the gas tank or to buy a buy a hamburger That may be that may be how it's repudiated but by one form or another all of the people in the United States that are dependent on government and have relied upon promises from the government for things like deposit insurance and and Medical benefits coming down the road and so on will find themselves being left behind Tom do you think and and you're a real historian, too?
Does it look to you like the Empire is going to be the last thing to go after they take every last?promise away from everybody they made them to I Don't know.
I mean I was I was that our last benefit of the American tax dollar I've heard that argument, but on the other hand I mean if we really get to a point where Granny's having her life support unplugged and at the choice between that and in keeping the troops in Japan, you know Maybe people might fall, you know, you know what backwards into Making the right choice out of those two choice.
Hey, let me let me mention Scott I looked at the the Heritage Foundation proposal for the budget on the future of America Proposal to cut three hundred forty three billion dollars from spending and it leaves untouched the costs of war and Empire It's unbelievable And these are the marching orders for most of the establishment or what Tom calls the plastic Republicans and you know I was thinking I care so little about the stupid elections I have trouble paying attention to them but I know that this guy Jim DeMint poses as some kind of tea party this that and he's a star of the article written by my previous guest about the nuclear Industrial complex and the bribery and this is a guy who pushes for full-scale strategic defense initiative Star Wars an impenetrable umbrella over North America that would repel 10,000 nuclear missiles or whatever unlimited spending on this Absolute joke of a not even couldn't even be a comic book the ridiculous plan for these I mean look Gordon Prater taught me the only way to take out incoming nukes is with hydrogen bombs in space Not by shooting them with you know, single rockets or whatever The whole thing is just about stealing and you know, this is supposedly the good guy Republicans the new reformed Tea partiers or whatever and and they're just as bad as anything else, but I Don't know Tom.
I forgot what I was gonna say.
So go ahead and say something smart now I hope you're not gonna call on me to talk about the folly of the FBI thing Because you know a million times more about than I do But all I all I know is I remember Growing up in the 80s thinking that you'd have to be some kind of a commie not to support this, right?
I mean, this is the greatest thing ever and then you know, you sober up you read some stuff about it You realize that this is like the greatest Boondoggle imaginable.
I mean, it's like everything government does they take some crazy impossible goal That's their favorite kind of goal precisely because it can never be reached then the gravy train is infinite, you know I mean their government they're gonna make everybody equal They have all these nice sounding things that you learn from fourth grade None of which could possibly be done because every attempt to do it leads to a different form of inequality I mean like the the the Robert Nozick Example of everybody likes Will Chamberlain Chamberlain wants to watch him play basketball So suppose we all had an equal amount of money and then everybody pays 25 cents to go see Will Chamberlain play basketball Well now suddenly he is is unequal, right?
He's got all this money that we don't have.
He's got a billion dollars So what does that mean that now we have to intervene again and have him give back the 25 cents to everybody else?
I mean it's a goal that can't possibly be reached.
That's why they love it Well, you know, I can't talk like that.
It's a faulty technical premise.
That's why they love it Yeah, and they always train everybody to talk like that, too Nobody ever gives anything everybody's always giving back something as though nobody ever just honestly earned what they had in the first place Yeah, I think that that expression I that he gave something back or we got to give back Yeah, it's got totalitarian premises like I I owe them something after all they've done to me Of course, everyone just means the state anyway, right?
Representative of everyone, but I remember the smart thing that I was going to say and that is that you know What we're just a couple of months away from What will again be the greatest speaking tour on behalf of individual Liberty ever and that will be Ron Paul's?
Next campaign for the presidency, right and it's just gonna be just around 20 of the beginning of 2011 and then this whole thing is gonna start again and it's gonna start from you know 7 on the scale of 1 to 10 compared to where it started before and you know He announced his candidacy on the Washington Journal on C spent at 6 o'clock in the morning You know East Coast time Before but now we're already we've had this whole thing where it didn't work out But everybody saw that he was right this whole time You have all these kids who are interested in Austrian economics now I saw or I think you posted Tom and Lou Rockwell's blog this Massive audience that turned out at a university to hear Ron Paul give a speech just the other day And so whether he wins or not They're going to be a lot of millions of minds change coming up in just a couple years, huh?
I'm right to be excited, right?
Charles you want to take that one?
Well, I hope so it's sure to it's sure to behold to look at the I think that people since this is election day mentioned something about the Republican groundswell that we have been told about that's supposed to be taking place today People are going to end up being very very bitterly disappointed by that if they expect anything from it I mean, I referred the other day to the Republican Pledge to America These guys came out and said that they will say this is how serious they are about addressing the our Economic and financial problems in this country.
They said here's what we will do We will save a hundred billion dollars in the first year And and I laughed and I thought they can't be serious this is like a setup it's a one-two punch line thing No, that's it.
We're gonna save a hundred billion dollars in the first year Well Helen a 1% increase in the interest rates would cost more than that So I went I went to the Treasury website.
You can go to the Treasury debt to the penny website They made their they made their pledge to America on September 23rd And I said, okay I'm gonna mark the the US debt the visible portion of the US debt to the penny and it's thirteen point six Trillion dollars and so on I'm gonna mark it to the penny and find out how much longer before the Visible national debt is grown by another hundred billion dollars.
It was a week later one week and This this is what they're gonna cut in the first year alone Look, they're they're not going to be able to override an Obama veto So they're not going to repeal Obamacare besides there's too much lobbyist money waiting at the end of the pipeline for a new variation of Boehner care Variation on it.
So they're not going to do anything that is really substantial or or serious and I I it is to be hoped that a quarter or two into this new Congress the American people will realize look These are the guys the Republicans the Democrats of all these are the guys that sold us the map That that marched us into this slew of bankruptcy that marched us into this into this swamp Why are we buying another map from them to find our way out and then maybe the Ron Paul campaign will be right there ready And it'll be as they say a perfect storm I mean you think about the crash in September 2008 if that had been in September 2007 Imagine how things would have been different with one guy up there who knows economics and then John McCain Recommending he ought to try read Adam Smith or whatever.
I mean, I Think he could have maybe well John McCain for that John McCain has such a 10-year.
I watched him on Friday Camp campaign for Sharon Engel in Las Vegas, and he went up there.
It is that Sharon Engel will Will change America Sharon Engel represents hope and I thought wait a minute.
Wait a minute I went I said, are you gonna do this?
Hope he changing thing all over again Hey, it's been two years that completely forgot about all those people the Republicans tortured to death and how bankrupt they made us all Two years is a long time in politics.
I'm pretty sure everything's different Yep, I read a Matt Taibbi article about the Tea Party and I'm convinced that real change is coming now yeah, well anyway, so Tom Woods Charles Goyette any final words about Empire and paper money and Maybe why and or how people can understand these things better Well, I would just say that both of them are Things that the establishment takes for granted You know, you know if you if you question either one of them, you're considered to be a kind of crazy You know, maybe you have some kind of mental problem.
You need need to be evaluated by a personality disorder Yeah, I mean like you get that so that should make you suspicious Like anytime Henry Kissinger says there's something wrong with you yet.
You have to assume you're on the right track so I would say that for those out there who are against the Empire, but see no problem with paper money or Vice versa.
I mean they they go together because just ask yourself this question Under what type of monetary system is the regime is the Empire able to siphon more resources from?
Private people like you and me one in which the amount of those resources is fixed Relatively fixed or one in which they can just endlessly multiply the circulating medium I mean the question answers itself So the money machine has to be tamed before you can successfully counter the war machine that kind of brings us full circle where we started that the war is the is the health of the state and My fear of course is that the more severe the the economic crisis becomes the more troubled We are domestically the the at least the predictable syndrome is that the the governing classes begin to find a to try to find a way to deflect blame from themselves to find somebody to point to to divert the attention of the people and to keep the the a who's all stirred up and and anxious and Then another war gets gets cooked up in the in the depths of the Pentagon or the American Enterprise Institute or someplace Yeah, well and that's easy enough And the thing is too is that there are scary people that live just one neighborhood over from you seems to work pretty well, too And that's what really worries me is that everybody is so anxious, but they don't really you know They all went to government schools and and watch TV news They don't have any real context for the shape of things and they're so willing at the behest of power to blame people who have no power and witness obviously the You know mosque Bogus controversy dreamt up by you know, the the the lowest rung of the neoconservative movement I mean Pamela Geller and and Frank Gaffney and he's most horrible like most ridiculous least Credibility having people among those who read and yet they're able to whip up an entire tea party movement divert them away from accountability for whoever gave the money to the bankers back during the bailout of 08 to You know picking on their next-door neighbor who has no power whatsoever Under the fear that he's going to take over their court system somehow or something I don't know you mean that those those those those war foe mentors like Gaffney and Kennedy you mean they haven't heaved themselves off a bridge No Afraid not not after all this time.
And in fact, they have just as much power and influence as ever It's sort of like the Iraq War Everybody on TV had to keep agreeing that the whole thing was patriotic and great and whatever for years and years at least till after Katrina and then it was like well What are we gonna do all fire each other and replace ourselves with their Margulies and Charles Goyette and all these people who've got it Right not a chance.
So come on guys Let's just keep pretending that everybody thought what we were doing was right and and just go on from there Same thing with the economy.
I keep during the show most days MSNBC on in my peripheral vision and there's Alan Greenspan's wife doing the news all morning long on MSNBC Come on you can make that up, you know Dianne Feinstein the senator her husband is I forgot the name of it His name is Richard Bloom and he owns this company.
That's like the Democratic Bechtel or whatever instead of George Schultz the Republican It's you know, he's in bed with the Democrats more I guess But you look at it the other way around like here's this guy whose job is following the army around Building military bases for them that you know more than they cost and his wife Sits for the set it sits in the Senate for him like this is actually the Imperial Court that the the Senate of the United States of America where the wives of Military contractors sit and vote for more money for more wars right in front of all of our faces Where the wife of the central banker reads the news in the daytime?
That's pretty strange.
I like it.
All right.
Well, anyway, I'm just Hector and y'all both now, but Thanks very much for y'all's time on the show today both of you always glad to be here Scott good to talk to you Scott Thank you.
All right y'all So that is Tom Woods and Charles Goyette meltdown and the dollar meltdown Tom Woods calm Charles Goyette calm Buy their books read them both And that's anti-war radio for the day
