Would you like to inspect the original subtitles? These are the user uploaded subtitles that are being translated:
1
00:00:00,620 --> 00:00:03,720
[Applause]
2
00:00:03,899 --> 00:00:08,820
economic crisis at a constitutional
3
00:00:06,000 --> 00:00:10,580
crisis coming to a head we're gonna be
4
00:00:08,820 --> 00:00:13,859
gone fish and shit
5
00:00:10,580 --> 00:00:16,109
just look at history any college things
6
00:00:13,859 --> 00:00:16,858
like this can hear things like this have
7
00:00:16,109 --> 00:00:20,400
happened
8
00:00:16,859 --> 00:00:22,740
things like this are happening right the
9
00:00:20,399 --> 00:00:24,149
great state is a part of this Orwellian
10
00:00:22,739 --> 00:00:25,979
nightmare that's being set up
11
00:00:24,149 --> 00:00:28,379
not only for decades not only for
12
00:00:25,980 --> 00:00:30,929
centuries if not potentially thousands
13
00:00:28,379 --> 00:00:33,089
of years one world government
14
00:00:30,928 --> 00:00:34,859
new world order it's real a lot of
15
00:00:33,090 --> 00:00:38,579
people are realizing it and more people
16
00:00:34,859 --> 00:00:40,079
are gonna have to this is an empire in
17
00:00:38,579 --> 00:00:42,119
decline if we don't do something drastic
18
00:00:40,079 --> 00:00:43,378
to put the federal government check
19
00:00:42,119 --> 00:00:48,659
we're gonna be doing things the hard way
20
00:00:43,378 --> 00:00:49,799
later in this case was we don't care
21
00:00:48,659 --> 00:00:52,468
about winning your hearts and minds
22
00:00:49,799 --> 00:00:55,259
we're gonna show you who's boss that is
23
00:00:52,469 --> 00:01:04,948
exactly the kind of abuse of power that
24
00:00:55,259 --> 00:01:09,259
led to the first american revolution so
25
00:01:04,948 --> 00:01:09,259
what is it that keeps of states
26
00:01:15,950 --> 00:01:19,139
[Music]
27
00:01:20,530 --> 00:01:22,590
you
28
00:01:31,099 --> 00:01:35,119
[Music]
29
00:01:32,950 --> 00:01:37,430
the only thing that's to the government
30
00:01:35,120 --> 00:01:39,980
different from any other organization is
31
00:01:37,430 --> 00:01:44,120
the government has the ability to compel
32
00:01:39,980 --> 00:01:45,829
people to do things via force and we're
33
00:01:44,120 --> 00:01:48,050
seeing it as that and we're moving past
34
00:01:45,829 --> 00:01:49,730
it we're evolving past it because we
35
00:01:48,049 --> 00:01:51,920
want to create better worlds for our
36
00:01:49,730 --> 00:01:54,079
children every generation does and we're
37
00:01:51,920 --> 00:01:55,549
simply seeing the next way to do that
38
00:01:54,079 --> 00:01:58,400
and in that sense the libertarian
39
00:01:55,549 --> 00:02:01,129
message isn't you know statism is bad
40
00:01:58,400 --> 00:02:03,560
and government is evil and you guys are
41
00:02:01,129 --> 00:02:05,959
all sheep who need to wake up it's eight
42
00:02:03,560 --> 00:02:07,430
let's improve the information in the
43
00:02:05,959 --> 00:02:11,379
market and show you that you're better
44
00:02:07,430 --> 00:02:11,379
off without this system of violence
45
00:02:15,729 --> 00:02:22,099
market actors interacting freely do so
46
00:02:19,610 --> 00:02:24,080
voluntarily because they perceive it to
47
00:02:22,099 --> 00:02:26,629
be in their own self-interest that it
48
00:02:24,080 --> 00:02:28,610
benefits them if I buy something from
49
00:02:26,629 --> 00:02:30,889
you it's because I value your product
50
00:02:28,610 --> 00:02:33,140
more than my money and you are gonna
51
00:02:30,889 --> 00:02:35,419
value that money more than that product
52
00:02:33,139 --> 00:02:37,639
and we both benefit anytime you
53
00:02:35,419 --> 00:02:40,549
introduce force into that equation in
54
00:02:37,639 --> 00:02:42,649
any form you subtract from humanity's
55
00:02:40,550 --> 00:02:45,790
potential to reach that ideal of
56
00:02:42,650 --> 00:02:45,789
prosperity and progress
57
00:02:54,020 --> 00:03:00,150
individual economic freedom is is taken
58
00:02:57,780 --> 00:03:02,099
away to some degree because the state
59
00:03:00,150 --> 00:03:03,689
controls things like health care and now
60
00:03:02,099 --> 00:03:05,340
the state has to control what you put
61
00:03:03,689 --> 00:03:08,069
into your body because you'd obviously
62
00:03:05,340 --> 00:03:09,990
be creating a negative externality if
63
00:03:08,069 --> 00:03:10,739
you would choose the smaller drain come
64
00:03:09,990 --> 00:03:13,020
over here
65
00:03:10,740 --> 00:03:14,790
you're now costing I over pub like that
66
00:03:13,020 --> 00:03:17,670
it used to be we had a savings based
67
00:03:14,789 --> 00:03:18,780
economy under an honest monetary system
68
00:03:17,669 --> 00:03:20,669
where you couldn't create money and
69
00:03:18,780 --> 00:03:23,310
credit on a thin air if you couldn't
70
00:03:20,669 --> 00:03:25,799
afford it you didn't buy it this was not
71
00:03:23,310 --> 00:03:27,060
poverty this was responsibility people
72
00:03:25,800 --> 00:03:28,439
look at the old days and they think
73
00:03:27,060 --> 00:03:29,520
before the Federal Reserve they think oh
74
00:03:28,439 --> 00:03:30,719
we don't know when I heard that those
75
00:03:29,520 --> 00:03:32,610
are the horse and buggy days these are
76
00:03:30,719 --> 00:03:34,830
technological issues these are not
77
00:03:32,610 --> 00:03:36,570
issues regarding the economy these are
78
00:03:34,830 --> 00:03:39,209
things that would have come about by
79
00:03:36,569 --> 00:03:42,000
virtue of our dynamic creative spirit
80
00:03:39,209 --> 00:03:43,349
that exists on greater and lesser levels
81
00:03:42,000 --> 00:03:47,189
in each and every one of us it's a
82
00:03:43,349 --> 00:03:49,169
simple fact of the superiority of using
83
00:03:47,189 --> 00:03:51,689
persuasion to get people to do what you
84
00:03:49,169 --> 00:03:54,238
want to do as opposed to saying well I'm
85
00:03:51,689 --> 00:03:56,400
scared and I don't trust you and I'm
86
00:03:54,239 --> 00:03:57,989
gonna just have someone with government
87
00:03:56,400 --> 00:04:01,170
put a gun to your head and do what I
88
00:03:57,989 --> 00:04:04,890
want you to do give money to Bill Gates
89
00:04:01,169 --> 00:04:07,139
or Sam or any of these people he's not
90
00:04:04,889 --> 00:04:09,459
taking it from there getting something
91
00:04:07,139 --> 00:04:12,519
in return they're getting a service
92
00:04:09,460 --> 00:04:14,020
a product there is an organization out
93
00:04:12,520 --> 00:04:20,949
there that does take the money from you
94
00:04:14,020 --> 00:04:27,160
and that's the government you don't have
95
00:04:20,949 --> 00:04:36,939
a choice want to use our services that's
96
00:04:27,160 --> 00:04:40,780
fine the feudal era you had a feudal
97
00:04:36,939 --> 00:04:42,759
king or Lord who would claim half of
98
00:04:40,779 --> 00:04:45,039
your crops in exchange for protection
99
00:04:42,759 --> 00:04:46,629
and because the peasants didn't know any
100
00:04:45,040 --> 00:04:49,710
better they could get away with that
101
00:04:46,629 --> 00:04:57,310
scam be twenty bucks
102
00:04:49,709 --> 00:04:59,529
in prison the facade of statism has to
103
00:04:57,310 --> 00:05:01,810
include them to draw us a lot of bone a
104
00:04:59,529 --> 00:05:04,149
farmer will provide health care for his
105
00:05:01,810 --> 00:05:06,220
livestock in the same way that a
106
00:05:04,149 --> 00:05:16,929
government wants to keep the tax cows
107
00:05:06,220 --> 00:05:19,000
healthy and productive without the
108
00:05:16,930 --> 00:05:20,410
income tax America historically became
109
00:05:19,000 --> 00:05:21,879
the wealthiest country on earth because
110
00:05:20,410 --> 00:05:23,500
it goes back to the benefits of a
111
00:05:21,879 --> 00:05:25,540
savings based economy we're able to
112
00:05:23,500 --> 00:05:27,370
accumulate savings we're not forced to
113
00:05:25,540 --> 00:05:36,550
turn it over to a governing authority to
114
00:05:27,370 --> 00:05:38,350
redistribute as people today believe
115
00:05:36,550 --> 00:05:40,000
that taxation is absolutely necessary
116
00:05:38,350 --> 00:05:41,500
like Winston Churchill said it's the
117
00:05:40,000 --> 00:05:43,660
penalty for living in a civil society
118
00:05:41,500 --> 00:05:45,339
this is not true we lived without an
119
00:05:43,660 --> 00:05:47,860
income tax in New Hampshire today still
120
00:05:45,339 --> 00:05:50,289
exist without the income tax and they're
121
00:05:47,860 --> 00:05:51,879
thriving they're doing fine one reason
122
00:05:50,290 --> 00:05:53,800
why the income tax is so detrimental
123
00:05:51,879 --> 00:05:55,420
it's based on the assumption that the
124
00:05:53,800 --> 00:05:57,160
government owns everything and they
125
00:05:55,420 --> 00:06:00,100
allow us to keep a certain percentage
126
00:05:57,160 --> 00:06:01,880
under their conditions point that even a
127
00:06:00,100 --> 00:06:04,280
1% Inc
128
00:06:01,879 --> 00:06:24,409
tax is morally wrong because it shows
129
00:06:04,279 --> 00:06:27,349
the seeds of destruction the gray state
130
00:06:24,410 --> 00:06:28,820
is a symptom of the step backwards of
131
00:06:27,350 --> 00:06:30,980
statism that we're experiencing right
132
00:06:28,819 --> 00:06:32,659
now two steps forward one step backwards
133
00:06:30,980 --> 00:06:34,189
is the course of human progress
134
00:06:32,660 --> 00:06:37,340
and I can look back and say well we
135
00:06:34,189 --> 00:06:38,660
started the major step backward in 1913
136
00:06:37,339 --> 00:06:40,369
that was the Federal Reserve the Federal
137
00:06:38,660 --> 00:06:41,930
Reserve legislation was drafted on an
138
00:06:40,370 --> 00:06:43,970
island really called Jekyll Island all
139
00:06:41,930 --> 00:06:45,259
these bankers that had the GP morgue and
140
00:06:43,970 --> 00:06:47,480
the other large banks at the time got
141
00:06:45,259 --> 00:06:49,009
together on this island secretly drafted
142
00:06:47,480 --> 00:06:51,259
the legislation and all that stuff I
143
00:06:49,009 --> 00:06:53,719
think that name is perfect the creature
144
00:06:51,259 --> 00:06:54,920
from Jekyll Island it's this creature
145
00:06:53,720 --> 00:06:56,780
that all these different very
146
00:06:54,920 --> 00:06:58,640
well-intentioned people aren't humble
147
00:06:56,779 --> 00:07:00,019
enough to recognize that no one controls
148
00:06:58,639 --> 00:07:24,050
part you give me control over the
149
00:07:00,019 --> 00:07:26,029
monetary supply this private central
150
00:07:24,050 --> 00:07:27,829
authority is going to loan money to your
151
00:07:26,029 --> 00:07:29,899
government at interest so they make
152
00:07:27,829 --> 00:07:31,430
money off that debt and then the federal
153
00:07:29,899 --> 00:07:34,339
government pays them back plus interest
154
00:07:31,430 --> 00:07:36,139
via taxation they used to try and find a
155
00:07:34,339 --> 00:07:37,369
way back in the old days to create gold
156
00:07:36,139 --> 00:07:39,139
which was money and always has been
157
00:07:37,370 --> 00:07:40,879
money out of lead and they never could
158
00:07:39,139 --> 00:07:42,639
figure out a way to do it the rapture
159
00:07:40,879 --> 00:07:44,899
occurred when they realize we can
160
00:07:42,639 --> 00:07:46,579
substitute gold with paper money which
161
00:07:44,899 --> 00:07:47,179
we can create infinitely in a very low
162
00:07:46,579 --> 00:07:49,609
cost
163
00:07:47,180 --> 00:07:52,430
so this debt is only valid so far as our
164
00:07:49,610 --> 00:07:56,060
public is able to cover that debt based
165
00:07:52,430 --> 00:07:57,689
upon our level of income taxes does one
166
00:07:56,060 --> 00:08:00,269
thing and that's it
167
00:07:57,689 --> 00:08:02,639
you paid taxes on your income that goes
168
00:08:00,269 --> 00:08:06,739
directly to the Federal Reserve to pay
169
00:08:02,639 --> 00:08:06,739
interest on the debt that they create
170
00:08:07,819 --> 00:08:12,449
anything that cannot pay for via
171
00:08:09,988 --> 00:08:14,609
taxation they turn on the printing
172
00:08:12,449 --> 00:08:16,769
presses at this point it's analogous to
173
00:08:14,610 --> 00:08:18,360
a Mickey Mantle rookie baseball card you
174
00:08:16,769 --> 00:08:20,548
give some governing authority the right
175
00:08:18,360 --> 00:08:21,809
to create photocopies of this pass them
176
00:08:20,548 --> 00:08:23,548
off at the same thing what's going to
177
00:08:21,809 --> 00:08:25,860
happen to the existing value of all
178
00:08:23,548 --> 00:08:27,568
other Mickey Mantle signed rookie cards
179
00:08:25,860 --> 00:08:29,759
in good condition well they used to be
180
00:08:27,569 --> 00:08:31,619
rare so they had value and now they're
181
00:08:29,759 --> 00:08:35,058
increasing the supply so you have
182
00:08:31,619 --> 00:08:48,129
declining demand you have greater supply
183
00:08:35,058 --> 00:08:51,019
[Music]
184
00:08:48,129 --> 00:08:52,820
what gives our paper its value as its
185
00:08:51,019 --> 00:08:54,590
world reserve status every currency on
186
00:08:52,820 --> 00:08:57,020
earth is back to some degree or some
187
00:08:54,590 --> 00:08:59,570
percentage by US dollars what used to
188
00:08:57,019 --> 00:09:01,309
give that value was that it was backed
189
00:08:59,570 --> 00:09:03,260
by something else of value in our case
190
00:09:01,309 --> 00:09:04,789
we had the highest gold reserves of any
191
00:09:03,259 --> 00:09:06,919
country on earth we had an agreement
192
00:09:04,789 --> 00:09:08,779
under Bretton Woods with Saudi Arabia
193
00:09:06,919 --> 00:09:10,639
and OPEC you know the oil and petroleum
194
00:09:08,779 --> 00:09:12,529
exporting nations of the world that
195
00:09:10,639 --> 00:09:14,000
their oil would only be traded
196
00:09:12,529 --> 00:09:16,069
exclusively in US dollars every other
197
00:09:14,000 --> 00:09:17,990
country on Earth had to buy US
198
00:09:16,070 --> 00:09:20,060
Treasuries and convert their currency US
199
00:09:17,990 --> 00:09:21,769
dollars to get oil which every economy
200
00:09:20,059 --> 00:09:23,689
needs to function of course that was the
201
00:09:21,769 --> 00:09:26,360
key to our prosperity in the early days
202
00:09:23,690 --> 00:09:29,370
it just is what it is it discourages
203
00:09:26,360 --> 00:09:34,840
moral hazard and unnecessary risk
204
00:09:29,370 --> 00:09:37,370
[Music]
205
00:09:34,840 --> 00:09:39,530
since the 1970s we did not have the
206
00:09:37,370 --> 00:09:41,179
ability to cover our debts via taxation
207
00:09:39,529 --> 00:09:42,289
it's not popular to raise taxes you're
208
00:09:41,179 --> 00:09:45,229
not going to vote for the politician who
209
00:09:42,289 --> 00:09:47,599
does that because that gets old but we
210
00:09:45,230 --> 00:09:49,879
hate it when they stop spending we like
211
00:09:47,600 --> 00:09:51,649
the free goodies so that's why it is
212
00:09:49,879 --> 00:09:54,289
we're in such a deficit crisis and they
213
00:09:51,649 --> 00:09:56,809
spend so much money it's it's popular to
214
00:09:54,289 --> 00:09:58,699
spend it's unpopular to tax so what we
215
00:09:56,809 --> 00:10:01,579
do at the Federal Reserve paper it over
216
00:09:58,700 --> 00:10:03,320
the problem is Congress the federal
217
00:10:01,580 --> 00:10:05,540
bureaucracy and the military
218
00:10:03,320 --> 00:10:08,930
bureaucracies and remember what runs
219
00:10:05,539 --> 00:10:11,179
those things cash when you fly into
220
00:10:08,929 --> 00:10:12,379
Ronald Reagan National Airport as you're
221
00:10:11,179 --> 00:10:15,289
getting ready to land if you look
222
00:10:12,379 --> 00:10:18,919
towards the Washington Monument you will
223
00:10:15,289 --> 00:10:20,719
see this enormous mountain of cash the
224
00:10:18,919 --> 00:10:23,199
problem with that mountain of cash is
225
00:10:20,720 --> 00:10:26,570
it's a magnet for all the wrong people
226
00:10:23,200 --> 00:10:29,000
everybody in the Beltway exists to get
227
00:10:26,570 --> 00:10:30,860
their hands on some of that cash it
228
00:10:29,000 --> 00:10:33,220
essentially creates a situation in which
229
00:10:30,860 --> 00:10:34,899
everyone is for sale
230
00:10:33,220 --> 00:10:36,820
- the Mayer Amschel Rothschild quote who
231
00:10:34,899 --> 00:10:38,049
was founder the Bank of England Randi
232
00:10:36,820 --> 00:10:39,370
control of our nation's currency and
233
00:10:38,049 --> 00:10:40,959
care not who makes its laws no they do
234
00:10:39,370 --> 00:10:44,049
not directly influence public opinion
235
00:10:40,960 --> 00:10:45,670
laws or anything like that they do so
236
00:10:44,049 --> 00:10:46,870
however indirectly because they control
237
00:10:45,669 --> 00:10:48,250
the money so they turn out who makes the
238
00:10:46,870 --> 00:10:49,899
laws because they can use that money
239
00:10:48,250 --> 00:10:52,090
which they can create the perpetuity out
240
00:10:49,899 --> 00:10:53,799
of nothing and give it to their
241
00:10:52,090 --> 00:10:56,620
preferred representatives and government
242
00:10:53,799 --> 00:10:58,809
and help shape the agenda people when
243
00:10:56,620 --> 00:11:00,460
getting into office can borrow money
244
00:10:58,809 --> 00:11:02,559
from the Federal Reserve directly for
245
00:11:00,460 --> 00:11:04,090
the political campaigns they necessarily
246
00:11:02,559 --> 00:11:06,129
don't have to pay that money back out of
247
00:11:04,090 --> 00:11:08,830
their own savings or their own donations
248
00:11:06,129 --> 00:11:10,090
they just leave that as national debt
249
00:11:08,830 --> 00:11:12,400
that the United States owes the Fed
250
00:11:10,090 --> 00:11:14,590
reserve reserve is having to create that28614
Can't find what you're looking for?
Get subtitles in any language from opensubtitles.com, and translate them here.