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Top Three Videos – November 19, 2023

Allan Carlson: Military as Engine of Social Change (1994)

Mises Media...

Summary

 

World War II and the military played a significant role in reshaping American society and values, leading to changes in the relationship between government, individuals, and the family.

 

  • World War II radically altered the character of American society and challenged its most durable values, redefining the relationship of government to the individual and posing questions about the relationship between civilians and the military.
  • The military has historically played a role in driving social revolution and government innovations that later became institutionalized.
  • The military has been used as a tool for social engineering, including race relations and gender role manipulation.
  • Social mobility in the US reached its highest peak between 1941 and 1945, with millions entering the Armed Forces and adults relocating in unprecedented numbers.
  • The conference devoted four of its 11 chapters of the final report to strategies for saving the family, shifting the rhetoric in a new way.
  • A freestanding self-reliant independent household was integral to the American Republic of old, but the new dealers at War embraced the companionate family, changing its role in society.
  • The hot war of World War II and the Cold War shaped over half of all American males into the new model embraced by social, political, and military leaders.
  • “Modern wars swell the size and power of the state, and as the state grows, the family diminishes.”
 

Bob Moriarty: Why CBDC Reset Won't Work

Liberty and Finance...

Summary

 

The current global financial system is at a dangerous and precarious point, with a significant increase in debt and potential consequences of central bank digital currencies transferring total power to the government.

 
  • The financial system is going to blow sky high with a $7.2 trillion increase in debt in one year.
  • We’re at a very precarious point in history and it’s exceptionally dangerous.
  • Central Bank digital currencies transfer total power to the government, leading to potential barricades and revolutions.
  • Russia, India, China, Brazil, and South Africa are trying to build a better economic world, while the Western debt system is trying to destroy the financial system.
  • Price determines demand in all cases, and the accumulation of precious metals by central banks does not indicate a shortage.
  • If governments just don’t have this power they believe they have the power and they don’t have the power and if they want it screwed up they can go in the history books.

Peter St Onge: WeWork's Bankruptcy: Impact on Commercial Real Estate!

Wall Street Silver...

Summary

 

WeWork’s bankruptcy and the potential fallout in commercial real estate pose a significant risk to the financial system, particularly for regional banks, and could have far-reaching consequences for the economy.

 

  • WeWork’s bankruptcy is a result of near zero interest rate launch and easy money, making it a standout poster child for FED induced malinvestment.
  • WeWork’s bankruptcy gives debtors enormous leverage to walk away from leases, sticking landlords and their banks with the bill.
  • WeWork’s bankruptcy could be the final blow to commercial real estate, already struggling from post-pandemic work from home and mismanagement of American cities.
  • Real estate poses a potentially fatal risk for hundreds of banks across America, particularly the regional banks.
  • The losses in commercial real estate could be even larger than those in treasuries government debt, making up about 30% of Regional banks’ balance sheets.
  • Selling off treasuries could drive interest costs on federal debt far beyond the current trillion odd that Uncle Sam is set to pay this year.

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