july nineteenth and our sleepy little place here in seattle has no sense of the momentous developments that are  first off i doubt i have to deal with the systemic breakdown of the world financial system what is happening right now is that in europe you have a banking crisis you have a banking crisis in italy and you have a banking crisis in germany and these banking crisis threatened dead name banking crises all over the work the too big to fail too big to jail global investment banks are in deep trouble and the question is how is this situation going to be dealt with now with the bracks it and the disintegration of european union you also have a disintegration of the ability to try to control the disintegration the breck said that is the process of the united kingdom leaving the european union in other developments have weakened the ability of the power structure to control the financial decision gratian which is going to happen any and so the question is who's going to be destroyed and who's not what's going to come out of this financial crisis and so now we're starting to see this situation emerge ok we're governments are going to either decide to kill their people and buys up fifty billion euros of bad debt and that frees up the banks to lend directly to the people bypassing the belly laugh now it's not a solution but what that does is it says up the situation where there's an eight percent cut on the are on the loan on the under non performing debt ok which is makes more sense so the european court higher is ruling this issue in the ruling that italy must kick in availing because to bail him out because that's the rules and they're part of the european union so the european court is issued a decision to that effect now the significance of this is as if the italian government initiate still very bank bail and then the whole system goes then the people get wiped out you have chaos that means the power in the euro the power in the british monarchy the power in these institutions want to destroy the population want to destroy the industry they prefer to have chaos why because if the governments begin their art on the basis of survival on the basis of economic survival and maintaining the livelihoods of the population in this crisis they now wipes out the financial system control and it really it could initiate the process of eliminating  these to me to fail to be to jail financial institutions and their grip over humanity from their nations begin to establish the up particularly in europe and in united states nations begin to establish  industrial base is the only thing left in europe that could revive europe economically that could connect with russia in asia and revive our europe economically and if you don't say that then you have no way to revive it in europe economically europe goes down and you have war if you don't have an alternative economic orientation that's going to be mutually beneficial to the world created the industrial miracle in him in germany through the credit of the industrial credit bank which was funded with the marshall plan money back in the forty's and this is what rebuilt germany and this industrial banking policy of germany which is very similar to hamilton and lincoln and what f d r did is what made is what pursue aetate and making germany the industrial power that it became after the ashes of world war two so after the ashes of world war two so this this our up despair hausen was the luck what was assassinated he was assassinated and he was assassinated by a french british element the prevent him from going to the united states and organizing americans to support the development of russia the development of poland especially another words he wanted to unleash the productive power of europe to develop back in one nine hundred eighty nine and he was on the same wavelength in all of this as when and how disciplined russia at the time he was assassinated and as a result georgia bank shifted from the german conception of industrial banking to bank will germany return to an industrial policy how will they do that and then the european union is saying no you can't do that just like to saying to italy you can't do that who is the european union who is italy who is germany so you right now you have the european union on a massive collision course with the nation of germany with the nation of italy to put it mildly so now are so so now this this it this discussion is going on these countries are now discussing what they're going to do it is what they do with the banks so now this feeds into the situation in turkey where there was an attempted coup or what i mean by that well here is turkey you have this individual has been the leader of turkey for twelve years airline and initially he he he he was very able to develop good relations with his neighbors and he was able to bring turkey economic and an economically positive direction and then at a certain point the obama administration played into his eye is greater desire to want to work be the power that runs the middle east so basically said ok you can be the power to run the middle east and so you had this muslim brotherhood who had this muslim brotherhood coming to power in egypt which are very very close to to airline and you had support that that turkey would essentially gain control over syria so it took control over syria the control over egypt and the spreading influence in the air in turkey areas region and an arrow i bought into that and now turkey is also a european country turkey is also a secular nation and airline is a religious fundamentalists so there's all these conflicts going on and essentially the arrow jaan looked at europe as backing him up in this respect so he saw europe as backing him up in this respect and when the situation in syria turned out to be a problem on the situation and you had the refugee situation everyone used the refugees to essentially blackmail the europe europe so he'd look good but there's one problem russia wasn't going to go along with any of that turkey depends on russia economically for tourism turkey depends on russia for the pipeline and at the same time the united states started to pursue port the kurds and turkey is having a kurdish another round of courage answer action internally and so the us has double dealing the us is supporting the kurds demanding that turkey continue to support isis and al nowshera and at the same time they don't really back them up all the way on this on the on the shooting down of the russian air para airplane which was which was designed to precipitate a confrontation with russia so far so it's not hurting and so what he did is he issued an apology to putin and he arranged to have a meeting and who has this multi hundred billion dollar media religious organization corporate organization which is penetrating every word as being as being here instigator or the inspiration for this thing and he saying it and the implication is that the united states is a rat that was trying to run this whether or not that's true or not i don't know but the point is is that you have in and circling airbus you have somewhere between seventy five and ninety should teach it i mean sunni tactical nuclear weapons and now the whole issue is around these tactical nuclear weapons because everyone is getting really put appears to be getting really pissed off at the united states because he's you know a principle position that we need to have a comprehensive mutual security for all nations including the nations in the middle east and he's willing to work with syria is willing to work with turkey's willing to work with with iran they're willing to work with israel and russia is prepared to be that putin's prepared to be the honest broker the broker deal deals based upon what's in the mutual interest of all these countries so russia is coming in as a force as they said in the september when they were at the united nations meeting general zinni meeting back in two thousand and fifteen as they said they did just what they were going to do and that's why they went into syria and they went to syria to establish a process not a process of containing more but a process of working out all resolutions a lot of these conflicts and you could probably add to that the palestinian israeli conflict so the united nobody trust anything the united states says nobody trusts anything obama says nothing is that the united states is doing at this point has any as any true as any currency ok so in this situation have you have a crisis but you also have a process of people starting to discussed the new silk road the eurasian land bridge the economic development to turkish private land of the land bridge into europe from from china  and so forth so all this is being all this is in the process of occurring and so it's quite it's quite spectacular now i don't really know how this whole  worked but the key thing is that turkey is in a state of flux and is directly related to the disintegration of the european union there in the disintegration of european financial system it's related to that so so that's it very interesting now you come back to the united states and something very interesting happened at the republican convention it turns out that freakout in the financial community over this what's going on what's going on what's happening now because there are the words getting out that they're going to have to reorganize their banks so you don't want to be too open about it because you might get some sort smacked by the financial crowd and then there's this whole scandal around akanksha bank which was issued a slap on the wrist and now our air call is being my laundry on the other billions and billions and billions you know is is that too big to fail too big to jail by collapse the system so you so you have you have essentially that coming out and you have a lot of other things like that coming up so it's not just some liberal left wing democrats are supporting us us republicans who are supporting glass steagall is becoming accepted reality and this is the campaign we began number of years ago two thousand and nine two thousand and ten two thousand and eleven now and now it's it's it's now there but nobody oh i oh i'm not going to say anything about questi because i know i want fender banks but we stuck him in the republican platform stuck in the democratic platform and it's not a party thing either it's not a party thing so the situation in europe is mirrored in the situation in united states people are talking but they're not doing it openly they don't want they don't want to offend potential here to actually deal with the financial crisis in a manner that actually resources are credited to the real economy so this is very significant did you now we said earlier well it is eight of those redacted it does it does begin to open the door and senator bob graham said well this is our you know we're only opening up the bottle and now we got to get into what the liquids all about and the liquid a large part of liquids in florida where there's eighty thousand documents f b i documents on the networks that were involved in nine eleven so this is coming up in the situation so then you have to look at all these terrorist attacks are going on around the world you have these terrorist attacks in turkey that outraged why would why would the chechen element maybe the turks are having different thoughts and maybe they're trying to tell the turks hey you don't want this to happen on a mass scale do you and world bombing the crap out of things war why are they doing that well because it's part of the chaos or you you're not going along you're not going to go along with the program are you going to get bombed france you're going to get bombed germany you're going to get bombed it'll you're going to get bombed us you're going to get bombed you can have terrorist attacks you're not going along with the program you know and and woman that may not be the full aspect of it but there's that quality to it you know so this thing is going into hyper terrorism at the same time you have a financial disintegration and you're again i have a process of trying of figuring out what are you going to do with these banks how are we going to keep our people from having total panic total chaos how are we going to keep the industrial base functioning how are we going to do all of that and so that that's that's really kind of what's going on and what what the ruefulness doing is saying look we've got to save germany and the german industrial capabilities that's number one we saved the german industrial capabilities through the right kind of bank the organization dan will essentially we stopped the drive for world war if we don't then we've got a real the imperial effort of the chinese over these little rocks which happen to have been theirs for many many many centuries and we got to stand up to the chinese we've got to stand up to the russians stand up keep you backward we've got to keep you backward i mean don't you understand that you're hurting the environment or or you should be allowed to develop or you know you're going to be a threat to us or you're going to use up the raw materials that we want in the do in the world doing whatever all russia's getting aggressive russia's going vait europe yeah right russia's going to invade europe sure yeah they their own they always were russian until cruise ship dumped him into ukraine but they were always rush pushed out that's all russia's naval capabilities are have always been  so they had a nato warsaw pact up summit all we've got to stand up to the russians right right you've got to stand up to the russians what you've got to stand up to them on their borders and you going to say you're threatening us because you're your borders here and we're here we have our troops here and you're threatening us what is that that's insane you have these turkey turkey u s missiles on soil you have a very unstable situation in turkey so it's looking really like we're moving in very interesting to russian and who knows where this is all going to end but that but we are coming to a point where discussion is now serious about what you do with the banks and i and the bankers aren't really being included in that discussion that discussion going on behind their backs yeah yeah yeah it's often not the same old male that's the kind of thing you feel is coming maybe i'm wrong on that but but that's the kind of feeling you get when when both parties have