Well, he's right about MN & surrounding states being commie rat bastards in unions and politics...
I believe I've seen this clip before...he is more honest (than most, but not all), which is more than you can say about most people giving lectures or going on shows...
If you start with the understanding that the Deep State's roots go back to 1913 and the foundation of the federal reserve and accompanying bad ideas and the fact that anti-capitalists (true capitalism meets the needs of all parties in a transaction....people, companies, industries and governments/nations...what they created was not "capitalism" because they pick the winners - themselves! It's why they sold out manufacturing to China...that's when the game changed from control of industry to control of wealth...give the masses cheap goods to shut them up and stay in line...as long as the elite can retain power and keep shearing the herd!) who came to dominate the Wilson government that got pumped full of steroids under FDR and aided by a world war everything that followed in the post WWII era just follows a script with some new interpretations and re-branding of the same central goals of the elites to control finances, markets and goods...and that cannot happen without controlling people, or enough people to make momentum march to your beat.
World Bank, IMF...WEF...all the same crap, all the same goals...
So-called MIC...more like Elite Political/DeepState/Propaganda Complex...
His balance of payment analysis makes sense...domestic side working almost like a legitimate authentic capitalist system should (mutual benefit, zero imbalance)...wars caused the imbalance...and the outflow of gold caused by our tie to the gold standard is what led Nixon to break that tie...ironically the right move to retain your gold reserves...but it created the mess we are in now with the Fed...monetary games and fiscal recklessness via ever-increasing deficit spending...so balance pf payment outflow continued...instead of gold those dollars (a lot of them, not all) got reinvested into our treasuries...so of course people are not going to change the 3-ring circus as long as it works...
Where Michael is not 100% accurate is pinning the outflow on military spending...the massive expansion of the welfare state under LBJ (which is why JFK was whacked, not kinetic enough on communism [ironic given the radical socialists they would become...and because JFK was too economically conservative) so if you look at the federal budget now, social programs eat up over half of the budget...
https://lh5.googleusercontent.com/Rv5UHrNsvcucvflDwwz_pqEjjHnbQeE_HoAgEM44mGOwutlLCyMopUBTlKW_j1krJ775qI5DGZLYlEB8z7I3mD5BllP27Iq4URRWPE-vV3hfqv4wYgLtmDm3D_Z_hAlEMc-s1yASo, that is where I have an issue with Michael...he seems too fond of socialism and incorrectly equates un-capitalist capitalism as US-military-dominated capitalism when I see it more as un-capitalistic socialism that got the military to play along...
If he wanted to end this nightmare...instead of hoping Russia et all can destroy it (and us with the oppressors we both are suffering under) how about targeting the pillar of the system - socialism?
I am at a loss as to how someone so bright can miss the plainly obvious.
I can only conclude he is to wedded to socialism.
