you into of to the actual situation which is now becoming very hairy well what i call the empire which is anglo dutch for a nation global extended for financial political drug trafficking terrorism that structure financial to a new system in other words we're reaching the point of surrender the surrender point this empire the neo cons called it the you know the american century you call it whatever you want it's essentially british binny sion dutch british cochon and nature which has taken over the united states is has been defeated it has been defeated and the question now is will they accept that reality and make accommodations to the new system coming in around russia china and other nations or will they do something totally crazy but they have essentially been defeated now what i mean by defeated in effect is that all avenues for action there would alarm this system this imperial system and the all of the arche to which it serves to continue to exist have been blocked and now and increasingly organize humanity is moving in to fish off the empire and one example of this is the current president of the philippines who the new president for peace who basically said you know i'm going against the empire of the way the drugs liberalism the financial forces obama i'm kicking the u s military out and he's defying them in the most in the most direct way and you wouldn't be doing that but forces in the philippines and elsewhere see their opportunity to move now to crush the empire and that's the kind of thing which is your single remark but at the helm of these forces which represent a desire for the human race to have a future is the leader of russia and at each turn putin has done something unexpected that has thrown off the empire and the question here also is what is putin's next unexpected flanking actually going to be or which array of such actions are going to happen to further throw off  state and if not completely destroying a nation state keep the nations in perpetual conflict the biggest threat to the empires of just as up until recently has been the united states and the potential of the united states to hamiltonian economic development tradition that was best represented in lincoln franklin delano roosevelt and what have been represented by president kennedy what also was the biggest threat to this empire was the spread of the ideas that were used by lincoln and economics by by a d r or kennedy lip and but starting recently with the kennedy assassination and the assassinations of his but later of his brother of dr king there's been a fundamental sorrow on the united states internally and externally which ultimately led to the diff consolidation of control of the united states through the bush and obama presidencies now the principal vehicle for this war the drug culture to green religion the environmental laws the called monitors and which are which has been the practice of the international monetary fund the practice of the banking community of the central banking community of the corporate world monetarism has been that religion economic religion that has government policy and this is exposed increasingly saw since the dollar was taken off the gold reserve system now the other key nations that were potential threats to to to this empire were japan and germany who  opted hamiltonian policies after the war and became economic protect power houses smaller economic power houses and so they've been under assault as well now after the collapse of the soviet but after the collapse of the soviet union the threat was that the saudi that russia would work with europe for eurasian development now it was under margaret thatcher that the following structures to to finance international terrorism this was done between the british monarchy and the saudi monarchy and margaret thatcher and prince bandar back in eighty five and no one when the was pushed on europe as a as a control mechanism of germany and then under tony blair it was announced at the end of the nation state system that has now engaged we have the right to invade failed state so we have the right to make states fail and then invade did we make states fail through the i m f policies the economic policies that destroyed the nation  you know under the period of the bush administration and their bottom attrition now the product of all this would be a degenerate society of pleasure seekers subject to environmental restrictions to prevent and completely subservient to a global financial order run on the basis of monetarism and that's essentially what the transpacific partnership is as well as the european version of that it is the transatlantic trade and investment however this ended in the beginning of september the possibility of the monitor system taking over the world and imposing its control and it at the g twenty meeting  where the chinese and asians plus russia and other nations completely challenge this and rejected all of these things were to come together to rule the world they have not and they now shelter creative destruction for the day all based are based on an idea that money is the basis of value the monetary value of something is the money value because people are willing to part with it with money for it that's what it's actual value is what people want to give for an object and the existence of money the supply of money the value of something is is measured in money everything's measured  money and the monstrous concept from the keynesian side and also from the other side is that a central banks issue the money on the basis of governments going into debt so the government goes into dead the debt is sold to the central bank the central banking arm ties of the debt that's how we used to do it now the central bank to those a direct bailout but that's that was that's relatively recent now and the investment bankers who received it the expansion of credit of expansion of money are free to do whatever they want with the money now so historically governments going to debt to create money essentially that it now out and that this debt must be service through taxes on the society issuing of money and partially by going into debt and putting that into the economy through the investment banks who have no restrictions on what the money is used for and us and this money backed up by debt created for that money and that that a service by taxes to tax revenues don't have to pay for necessary services to tax revenues that have to to be paid to you to be used to pay for necessary services and debt and  and the services have to be cut we can't build the infrastructure because of the dead because we have to have a bunch of currents you know and that in turn this these budget cuts that in turn drop the economic activities and it causes less of a tax have taxes have to be maintained and then budget cuts have to be curbed and then the financial system the corporations get out by putting their money our shore and and  what happened at the g twenty is that the chinese said prior to the conference and during the conference and coming out of the conference the chinese hope set up for the conference was monetary and fiscal policy are not enough in other words budget cutting and expanding money supply will not work you need to do something else so what are they talking about production infrastructure you need to create physical wealth you need to create an expansion of physical world but you also need to create through the expansion of physical wealth the expansion of the productive power of your society because ultimately that's the only way you you justify the increase of debt you don't justify the increase of debt by giving banks the money to spec to play with you justify increase of debt by creating that expanded physical productive economy and that justifies the increase of debt because you're  producing way more than the day you're going you're creating ok so so this is so now it's very interesting from the monitor standpoint the financial times recently reported that china was leading the world to a financial collapse because they were creating all this massive infrastructure and they were not creating it with the full clear idea of how they were going to repay the debt that was created by creating the infrastructure and they were saying get to be adapted to chinese have created through creating infrastructure was not sound and it would collapse the world's financial system and this was an oxford study of all things now the fact that all the debt created by infrastructure was unsustainable because it was not present economy to sustain the long term payback of the infrastructure debt but that ever structured debt has been created from the standpoint not of the current physical economy but of the economy that will be coming into being as a result of the creation of the infrastructure that's the that's the difference between a monitor standpoint at any time a tristam point or a hamiltonian stamp and i'll get into th now this concept of monetarism was what was imposed as the club on third world countries like the international monetary fund when they said structural reforms in order to make you credit worthy that means you cannot build infrastructure you had to be privatized you been the ruling instrument of control over nations or preventing their development and keeping nations down the fact that the infrastructure policy is being attacked by this article in the financial times means that this is the most sacred that this most sacred system of monetarist thinking is being challenge is being fundamentally challenge now by what china and many other countries are doing the ritual of the challenging just for a very long period of time and china spectacular economic growth is being watched around the world and the poor way to china's doing it is being going to be copied around the world and how do you prevent that from happening you can't and saw the imperial system which is based upon crushing nations depopulating nations preventing development maintaining an oligarchy and reducing the world's population down to one or two billion cannot exist because that cannot exist and it will not exist the human race is now about to go through a process of massive development and that massive development means an end to the old work means an on a global scale spreading and this is also profoundly should be internal confidence a belief in monetarism that is the dominant feature of the financial system this ma monitors avin you would then collapse into world chaos no it was the ideal was that if you didn't have a new system coming in the system would collapse in the chaos which is ok because it all dark you would still come out on top in the chaos but they're not going to come out on top they're going to get wiped out they cannot run the world anymore it's not going to be their world anymore now now i want to quickly go through a little bit on what pendleton's credit the ideas of credit what happened was that hamilton became the treasury secretary at a point when the united states was created by the us constitution and wrote for reports that everyone who needs to read report on the subject of manufactures report on national banking report on credit and the argument for the constitutionality of the national bank how to did was he took the worthless continental debt that had been created to do to wage the revolutionary war and reorganize it on long term basis sustain that that credit created sustain expanded the economic activity and the debt was sustained because more far more economic activity in the form of products had to be created all along to new credit such that the taxable total would sustain an exe and extinguish to death so the taxes don't have to be raised you have to raise the actual physical product the rate of taxes and have to  now the key to this expansion though was not simply expanding it new infrastructure expanding more production more farms would have the key to it was development of manufacture but the idea was the development of manufactures transforms the productive power of the nation and  so you had a situation where china was imprisoned by the backwardness obvious motive of production it was it was it was it was backward in it was primarily agricultural so how do they make holly making the transition to a fully industrialized of how the development ameri fractures does this is it increases the division of labor and extension and use of machinery it employs individual not consider productive is that you in short and that i can't read all the quotes we don't have time but in short that the multiplication of manufacture is not only furnishes a market for these articles which have been accustomed to be produced in in a country but likewise creates a demand for such as were either on loan or produced in considerable quantities the bottles as well as the surface of the earth around sat for articles which before were neglected animals plants and minerals acquire  utility and value which before on the explore the spirit of enterprise useful as prolific as it is must necessarily be contracted or expand