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left out of the political social and

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economic life of Venezuela for

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Generations just as indigenous people

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throughout Latin America had suffered

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that kind of treatment to become the

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president not out of motives of personal

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arment but to transform the situation

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for the indigenous people of Venezuela

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and the poor and the working class

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overall in the process he inspired

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Millions to new levels of consciousness

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Rich was never more than evidence than

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in 2002 and they stream down from the

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barriers in their thousands and tens of

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thousands uh after the coup was

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attempted to depos that documentary

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we've all seen that Revolution will not

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be televised is Never Off My dbb Player

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and never fails to bring a tear to my

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eye uh the site of the people outside

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the M Flor is Palace prary to the Palace

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guard mounting the counter which led to

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L elements within the Army affecting hio

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rescue but one incident within that

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chain uh that was was not depicted in

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the documentary but which I think was

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the hinge upon which this event ended up

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and the hinge upon Which history turned

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in that event was involved the young

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Bula from the palace guard uh when the

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new president Pedro Carona the illegal

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president the right oligarch was sworn

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in inside the palace one of the army

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officers who was part of the Q emerged

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to where the palace guard were assembled

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and he approached the BG and he said the

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new president has just been sworn in

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please sound the presidential

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introduction and the bug replied but

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Senor General I only the have a

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president his name is Hugo

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CH this this to me was the key moment

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within that event because if you had

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filtered in that that precise moment if

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he had hesitated If he if his courage

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had deserted him and he had ACC in the

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General's request and sing the

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presidential salute uh what would it

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have done to the rest of his comms who

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shortly there after were to Mar the

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counter coup would it have changed it

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would they have lost their courage and

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would this whole event have changed for

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the worse and was this young bu's

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courage fortified in anyway by the sight

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the sight of tens of thousands of people

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outside the palace demanding the

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restitution and restoration of President

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Chavez to his rightful place the reason

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I develop this point because this is the

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inter relationship between the

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collective and the individual at Key

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moments in history and when it's in

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place those movements become

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irresistible and I developed this point

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because I have been fascinated with the

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treatment of Alexis Cyprus during this

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GRE Cris

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a month ago he was considered by many to

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be the man of the hour to be in fact a

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great CH by many today he is considered

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to be by a large section of the left to

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be nothing more than a cheese eating

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surrender monkey uh sell Traer I don't

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think he was either a great her CH and I

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don't think he was a surrender monkey I

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think his failure was in believing that

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he could walk into that negotiating room

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in Brussels with nothing more in his

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pocket except

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a democratic mandate he undoubtedly

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capitulated he's admitted that he

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capitulated and as he said the choice

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was between capitulation or disaster and

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I tend to agree I think he's been rather

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unfairly dealt with I think it is Holy

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un realistic to place responsibility for

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facing down the forces of glob Global

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Capital onto the shoulders of one man

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one government and one people who have

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suffered immeasurably over these Last 5

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Years in the last couple of weeks the

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Greek B Banks had had to close had had

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to impose Capital controls ECB had

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switched off the funding and this had

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placed Greece into a liquidity crisis

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shortages of medicine shortages of food

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were starting to be felt and this placed

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grease on the cost of a fullblown

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humanitarian crisis so he did me with

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nothing more than a deal which was tent

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to fiscal colonialism but when he did

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succeed and perhaps unwittingly was in

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ripping off the mass of democracy from

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the face of the Euro Zone and I think

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this will have Grievous consequences

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from the Euro Zone going forward I do

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not feel that I can any longer support

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the EU I was someone who was ambivalent

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leaning towards support for the EU on

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the basis that I thought United Europe

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was a good thing where capitalism went

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working class Unity followed this is

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clearly not the case this is a beast

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that must be SL and I think the need

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left

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camp

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[Music]

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what I think Alexis lacked in that room

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and this relates to my initial remarks

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with regards to Venezuela a mass

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movement a Europe wide mass anti-er

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movement to place pressure on all the

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Euro Zone governments to know that they

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would pay a heavy price if they were to

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dictate the austerity terms which they

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did to the Greek people to my mind there

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should have been hundreds of thousands

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of people outside the venue released

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took place in Brussels last week

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spitting nails and holding these

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bastards to account holding them hostage

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no less but I don't imply any criticism

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on the left because of this lack of a

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mass movement on the contrary I think

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the left in this country where we are

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just now has extended itself in trying

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to build such a movement the mass

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demonstration that took place in London

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a couple of weeks ago was a huge success

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organized by The People's assembly but

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as you know as Veterans of the anti-war

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campaign this is a political class that

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is able to absorb mass movements and

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ignore them two million people march on

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the Streets of London prior to the war

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in Iraq in 2003 they went ahead anyway

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and we all knew that they were not going

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to stop their plans for hity on the

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basis of one demonstration but Alexis

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Seas is not my enemy sesa is not my

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enemy my enemy is a tra and that jug not

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otherwise known as neoliberalism under

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whose rules nothing is sacred neither

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the democracy National sovereignty or

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even Humanity when it comes to this

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country what was the fault of private

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greed and recklessness on the part of

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the banks has been turned into a crisis

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of public spending and the welfare state

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by the Tes with the conance of the labor

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party which is a badge of Shame for them

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and speaking of Shame har har when you

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added your voice to this viory policy of

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punishing children for ding to be born

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you cross a line for which you will

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never ever

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[Music]

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recover that to be offered by any

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position in British politics much less

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the entering leader of the labor party

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shows you how far we have fallen but we

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do have hope my hope lies in the short

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term in the campaign of Jeremy Corbin

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for labor leadership everybody on the

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left all

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the must get behind this campaign to man

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and woman have you seen the way the mass

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media has struggled to C with Jeremy

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Corin I mean do can you believe did not

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to become chrisan and trying to Fathom

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how this man is being so successful they

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start off by patronizing them and now

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they're trying to demonize him that

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halfway to sha Guru Murphy did you see

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the channel 4 news interview last week

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oh you sat down with h ham you called

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them friends well by that l the British

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government had no business sitting down

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with Irish Republicans and negotiating a

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peace process it is madness Marx talked

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about the idy of Rural Life we must talk

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today I think about the idy of the

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mainstream media likewise George

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Galler's campaign I endorsed that

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campaign I'd like to add my endorsement

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to that campaign George is the most

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unflinching Unapologetic undefeated and

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principled Anti-Imperialist and

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anti-racist this country has ever

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produced by none imine what you can do

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with a platform such as the M of London

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give what what we know about his track

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record is a back bench MP he will Char

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he he and Jeremy Corin together will be

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an inable force that will leet a counter

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money

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[Applause]

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movement don't want to take up too much

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time of two more speakers to come what

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is austerity austerity is nothing more

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than a mass experiment in human dispair

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it is not an economic policy in fact is

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it economically illiterate I don't think

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the interpretation of austerity that was

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given by Paul kman the US Noble La

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Economist can be better he described it

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as a medal wit doctor treating a patient

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who suffered severe blood loss by

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draining even more blood from the

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patient by send that PA there we need an

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investment Leed alternative to austerity

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let me put it another way no no business

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in this country has ever created one job

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no businessman in this country has ever

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created one job businesses and

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businessmen do not create jobs consumers

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create jobs by spending money on goods

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and services to which businesses respond

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by expanding or with new startups there

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is a principle within Kian

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macroeconomics if I may get technical

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for a moment known as the marginal

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propensity to consume which holds that

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the more disos ible income you give

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people the more money they will spend

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and within that the more you give to

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people on lower income the more they

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will spend in proportion to people on

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higher incomes who receive more money

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why because they have needs which are

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not being met on the current level of

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income thereby every penny they will get

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they will spend in the local economy

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whereas people with high incomes will

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either save that money or invest it

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because their needs are already being

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met this makes it clear our alternative

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should be an investment Le

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redistributive policy we should not be

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talking about cutting benefits we should

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talk be talking about increasing

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benefits har so that people have more

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money to to spend and so that we can

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grow this economy and bring it out of

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recession and in conclusion may I just

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mention Yan vak as a man who I have come

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to admire throughout this crisis despite

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I have to say what J C says which I

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thought was a very good article in my

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opinion from a man who I do also very

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much but y very Fus his latest deal as a

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new Treaty of for and I but what he

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neglected to say was while the Treaty of

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Versa marked the end of one conflict it

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laid the seeds in the ground for the

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next this struggle is far from over and

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as the old Spanish communist used to say

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defeat defeat defeat until the final

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Victory thank

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[Music]

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you thank you very much John very

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inspiring speech um just to uh remind U

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the audience actually that um what do

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people such as George Galloway or Hugo

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Chavez Jer have in common they're all

277
00:11:41,760 --> 00:11:45,800
demonized by mainstream media and I

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00:11:43,639 --> 00:11:48,279
think we've come to realize now that

279
00:11:45,800 --> 00:11:50,320
when mainstream media demonizes somebody

280
00:11:48,279 --> 00:11:53,440
you know that they're doing something

281
00:11:50,320 --> 00:11:56,120
right so that just goes to sh our next

282
00:11:53,440 --> 00:11:58,480
speaker um you've obviously all seen him

283
00:11:56,120 --> 00:12:01,880
because he's one of the most BX houses

284
00:11:58,480 --> 00:12:03,560
on it uh his cating critiques of the

285
00:12:01,880 --> 00:12:05,880
city the bankers and financial

286
00:12:03,560 --> 00:12:09,120
terrorists the governments who serve

287
00:12:05,880 --> 00:12:11,240
them and then go off to work for them

288
00:12:09,120 --> 00:12:13,560
are absolutely breathtaking he's

289
00:12:11,240 --> 00:12:16,720
Innovative original pioneering he breaks

290
00:12:13,560 --> 00:12:18,600
M he then goes makes new on he's he

291
00:12:16,720 --> 00:12:21,000
American but you know he's he's a good

292
00:12:18,600 --> 00:12:24,120
kind of American he believes in Freedom

293
00:12:21,000 --> 00:12:26,360
in Liberty in honesty transparency so

294
00:12:24,120 --> 00:12:28,600
really no wonder people were pretty

295
00:12:26,360 --> 00:12:31,800
upset when George gay announced that he

296
00:12:28,600 --> 00:12:35,519
Mak he economic advisor H ladies and

297
00:12:31,800 --> 00:12:35,519
gentlemen I'll give you Max

298
00:12:42,839 --> 00:12:47,199
Kaiser thank you so much it's a pleasure

299
00:12:44,920 --> 00:12:49,760
to be here pleasure to see you all again

300
00:12:47,199 --> 00:12:52,160
few faces I recognized from previous

301
00:12:49,760 --> 00:12:56,079
events and the movement is growing

302
00:12:52,160 --> 00:12:58,000
support for gway is growing and um this

303
00:12:56,079 --> 00:13:01,199
Greek crisis I wanted to talk about this

304
00:12:58,000 --> 00:13:04,519
Greek crisis put it into historical

305
00:13:01,199 --> 00:13:08,160
perspective uh actually you can say that

306
00:13:04,519 --> 00:13:11,120
it started back in the

307
00:13:08,160 --> 00:13:14,600
1970s now what was happening in the

308
00:13:11,120 --> 00:13:17,839
1970s there was an oil embargo there was

309
00:13:14,600 --> 00:13:19,800
a crisis in America and the stock market

310
00:13:17,839 --> 00:13:23,440
went into a

311
00:13:19,800 --> 00:13:26,959
16-year bare Market uh stocks were

312
00:13:23,440 --> 00:13:30,199
getting hammered uh there was misery on

313
00:13:26,959 --> 00:13:31,600
Wall Street uh prices were for energy

314
00:13:30,199 --> 00:13:37,920
were

315
00:13:31,600 --> 00:13:40,880
Skyrock and stock prices in fact got so

316
00:13:37,920 --> 00:13:45,639
low they were year after year getting

317
00:13:40,880 --> 00:13:47,800
cheaper and cheaper they got so bad that

318
00:13:45,639 --> 00:13:52,360
the assets that companies had on their

319
00:13:47,800 --> 00:13:55,639
books the real estate factories Etc were

320
00:13:52,360 --> 00:13:57,519
worth more than what the market is

321
00:13:55,639 --> 00:14:01,880
valuing these

322
00:13:57,519 --> 00:14:04,839
assets so so a very sharp businessman in

323
00:14:01,880 --> 00:14:08,160
Mayfair figured out something that he

324
00:14:04,839 --> 00:14:11,680
could borrow a bunch of money buy a

325
00:14:08,160 --> 00:14:13,279
company sell off those assets and make

326
00:14:11,680 --> 00:14:16,480
an enormous

327
00:14:13,279 --> 00:14:19,279
profit now that g saying was Sir Jimmy

328
00:14:16,480 --> 00:14:22,440
gold he invented the leverage

329
00:14:19,279 --> 00:14:25,399
buyout The Leverage buyout then swept

330
00:14:22,440 --> 00:14:26,560
the financial world with the help of

331
00:14:25,399 --> 00:14:30,480
Reagan and

332
00:14:26,560 --> 00:14:33,240
fer and low lower and lower interest

333
00:14:30,480 --> 00:14:38,240
rates we enter an

334
00:14:33,240 --> 00:14:40,639
era of financialization driven by this

335
00:14:38,240 --> 00:14:43,680
technique if you will of the leverage

336
00:14:40,639 --> 00:14:46,000
buyout where you use the assets of the

337
00:14:43,680 --> 00:14:49,320
company you're going to take over as

338
00:14:46,000 --> 00:14:51,920
collateral for the loan you secure the

339
00:14:49,320 --> 00:14:54,920
loan you buy that company sometimes in

340
00:14:51,920 --> 00:14:57,279
what's called a hospital R and then you

341
00:14:54,920 --> 00:14:59,399
split it up you sell those assets and

342
00:14:57,279 --> 00:15:01,839
you fire lots of people

343
00:14:59,399 --> 00:15:04,800
now this technique has also been used

344
00:15:01,839 --> 00:15:06,920
internationally uh most famously up

345
00:15:04,800 --> 00:15:10,600
until now I would say in the case of

346
00:15:06,920 --> 00:15:13,880
Argentina where City Bank essentially

347
00:15:10,600 --> 00:15:16,839
loaned that country a lot of money and

348
00:15:13,880 --> 00:15:18,720
then proceeded to put that debt onto the

349
00:15:16,839 --> 00:15:21,079
government's balance sheet and then

350
00:15:18,720 --> 00:15:25,600
forced all matter of

351
00:15:21,079 --> 00:15:29,920
brous and asset stripping and wealth

352
00:15:25,600 --> 00:15:32,279
aggrandisement for a few with Greece

353
00:15:29,920 --> 00:15:35,519
this is the first time we've seen this

354
00:15:32,279 --> 00:15:37,199
leverage buyout approach in Europe

355
00:15:35,519 --> 00:15:39,600
Greece is the first country that's been

356
00:15:37,199 --> 00:15:41,360
suffered of levers buyout from Wall

357
00:15:39,600 --> 00:15:44,199
Street in the city of London I was in

358
00:15:41,360 --> 00:15:46,800
Athens just three years ago I saw Steve

359
00:15:44,199 --> 00:15:49,399
Forbes who's the son of malcol Forbes

360
00:15:46,800 --> 00:15:52,040
who inherited the Forbes Fortune Forbes

361
00:15:49,399 --> 00:15:54,959
Magazine I'm mistakenly went into the

362
00:15:52,040 --> 00:15:57,319
wrong Hotel I saw sea forms in the lobby

363
00:15:54,959 --> 00:16:01,680
I was there covering the uh the

364
00:15:57,319 --> 00:16:04,759
riots and I said Steve uh what brings

365
00:16:01,680 --> 00:16:08,360
you to Athens with your your parade of

366
00:16:04,759 --> 00:16:11,360
blacked out mini fans he's like oh oh

367
00:16:08,360 --> 00:16:13,279
yeah Max you know I we we I kind of

368
00:16:11,360 --> 00:16:15,440
vaguely knew him from his father Malcolm

369
00:16:13,279 --> 00:16:17,600
used to party on his yacht down the near

370
00:16:15,440 --> 00:16:21,199
the Wall Street area when he was still

371
00:16:17,600 --> 00:16:23,839
you know active and he said are you here

372
00:16:21,199 --> 00:16:25,399
for the asset sales I like no tell me

373
00:16:23,839 --> 00:16:26,920
more Steve it's like well you know I'm

374
00:16:25,399 --> 00:16:30,440
here with the international Chamber of

375
00:16:26,920 --> 00:16:32,399
Commerce and we're in Greece right now

376
00:16:30,440 --> 00:16:35,360
because when this suer blows we're going

377
00:16:32,399 --> 00:16:39,079
to buy these assets for pennies of a

378
00:16:35,360 --> 00:16:42,720
dollar it's a classic l f the toll

379
00:16:39,079 --> 00:16:44,040
booths the shipping lanes the lottery

380
00:16:42,720 --> 00:16:45,600
everything that generates an income will

381
00:16:44,040 --> 00:16:50,279
we bought for pennies in the

382
00:16:45,600 --> 00:16:54,160
dollar so Flash Forward now to 2015 we

383
00:16:50,279 --> 00:16:57,959
have the end result of the the

384
00:16:54,160 --> 00:17:01,839
machinations of the banking system uh in

385
00:16:57,959 --> 00:17:04,000
city of London and in New York the the

386
00:17:01,839 --> 00:17:05,439
cooperation of course of Lloyd blank at

387
00:17:04,000 --> 00:17:09,120
Goldman Sachs who

388
00:17:05,439 --> 00:17:13,360
fraudulently put Greece into the into

389
00:17:09,120 --> 00:17:15,520
the Euro with upon its Inception John

390
00:17:13,360 --> 00:17:18,880
Paulson hedge fund manager who we know

391
00:17:15,520 --> 00:17:22,880
from records met up with Pap andr former

392
00:17:18,880 --> 00:17:24,600
PM who conveniently parked some gains in

393
00:17:22,880 --> 00:17:26,919
his mother's account made from a credit

394
00:17:24,600 --> 00:17:30,200
the fall swap that was profitable with

395
00:17:26,919 --> 00:17:32,799
the collapse of that bond market

396
00:17:30,200 --> 00:17:34,320
uh to carve up the country as you would

397
00:17:32,799 --> 00:17:37,240
on Wall Street in a hostile rate in a

398
00:17:34,320 --> 00:17:39,520
company they have carved up grease and

399
00:17:37,240 --> 00:17:42,440
today the news is that Warren Buffet has

400
00:17:39,520 --> 00:17:46,080
bought an island Johnny T bought an

401
00:17:42,440 --> 00:17:48,240
island the assets are for sale um the

402
00:17:46,080 --> 00:17:50,679
loan of roughly 80 billion yet to be

403
00:17:48,240 --> 00:17:52,280
worked out will pale in comparison with

404
00:17:50,679 --> 00:17:55,080
the value of the assets once they're in

405
00:17:52,280 --> 00:17:59,120
Prim of gas it's a half a trillionth

406
00:17:55,080 --> 00:18:02,240
that'll be owned by foreign bankers

407
00:17:59,120 --> 00:18:05,159
Steve Forbes and his buddies uh what'll

408
00:18:02,240 --> 00:18:06,720
happen to the people of Greece who cares

409
00:18:05,159 --> 00:18:09,159
nobody cares they'll end up like the

410
00:18:06,720 --> 00:18:10,600
Indians of America the the indigenous

411
00:18:09,159 --> 00:18:12,400
population in America put on

412
00:18:10,600 --> 00:18:13,799
reservations and starve to death nobody

413
00:18:12,400 --> 00:18:16,480
nobody nobody

414
00:18:13,799 --> 00:18:18,440
cares and unfortunately this wave of

415
00:18:16,480 --> 00:18:20,280
privatization commodification

416
00:18:18,440 --> 00:18:23,159
securitization financialization is

417
00:18:20,280 --> 00:18:27,000
coming to the UK the one thing that I

418
00:18:23,159 --> 00:18:28,880
think George Gallow has in his favor

419
00:18:27,000 --> 00:18:31,240
that nobody sees coming

420
00:18:28,880 --> 00:18:34,679
is that when the leverage buyout era

421
00:18:31,240 --> 00:18:39,480
started in 1980 it was the beginning of

422
00:18:34,679 --> 00:18:42,720
a 25 to 30 year bull market if you will

423
00:18:39,480 --> 00:18:45,280
in bonds or interest rates so interest

424
00:18:42,720 --> 00:18:47,559
rates have been getting cheaper for 30

425
00:18:45,280 --> 00:18:49,400
years that means that the price of the

426
00:18:47,559 --> 00:18:52,080
doing these types of deals keeps getting

427
00:18:49,400 --> 00:18:53,840
cheaper and cheaper and cheaper until at

428
00:18:52,080 --> 00:18:57,120
the current

429
00:18:53,840 --> 00:19:00,520
stage we have a interest rates in

430
00:18:57,120 --> 00:19:04,000
Britain are now at a 300E low interest

431
00:19:00,520 --> 00:19:07,919
rates in America are at a 240e low give

432
00:19:04,000 --> 00:19:09,159
or take and this is uh a trend that has

433
00:19:07,919 --> 00:19:11,679
exhausted

434
00:19:09,159 --> 00:19:14,480
itself uh before this bull market

435
00:19:11,679 --> 00:19:16,640
started was a 16-year bare Market in

436
00:19:14,480 --> 00:19:19,080
stocks I think we're now at the end of

437
00:19:16,640 --> 00:19:21,400
this bull market that we're seeing and

438
00:19:19,080 --> 00:19:25,360
we're going to be entering a new a new

439
00:19:21,400 --> 00:19:28,000
period of rising Rising interest rates

440
00:19:25,360 --> 00:19:29,679
which will throw a monkey wrench into

441
00:19:28,000 --> 00:19:33,720
the housing bubble that you see here in

442
00:19:29,679 --> 00:19:37,360
the UK and will usher in a new europea

443
00:19:33,720 --> 00:19:40,720
and it means new leadership so um I

444
00:19:37,360 --> 00:19:43,640
think that Mr G in one respect is his

445
00:19:40,720 --> 00:19:45,280
timing is excellent because this

446
00:19:43,640 --> 00:19:48,360
population this country is going to be

447
00:19:45,280 --> 00:19:51,919
looking for a way out of what I see very

448
00:19:48,360 --> 00:19:55,480
quickly as being a a

449
00:19:51,919 --> 00:19:57,360
financial um collapse which is long

450
00:19:55,480 --> 00:20:00,559
overdue there's only so many there's

451
00:19:57,360 --> 00:20:03,600
only so many there's only so much money

452
00:20:00,559 --> 00:20:07,559
printing you can do to prop up a fail

453
00:20:03,600 --> 00:20:10,679
system before it blows up the the UK

454
00:20:07,559 --> 00:20:12,640
bond market is purchased by the UK

455
00:20:10,679 --> 00:20:14,840
government the US bond market is

456
00:20:12,640 --> 00:20:17,200
purchased by the US government European

457
00:20:14,840 --> 00:20:18,840
bonds are purchased by the European

458
00:20:17,200 --> 00:20:21,720
government these are not self-

459
00:20:18,840 --> 00:20:24,200
sustaining governments of countries Mark

460
00:20:21,720 --> 00:20:26,159
Carney the current bank of England shman

461
00:20:24,200 --> 00:20:29,159
said when he came into office he was

462
00:20:26,159 --> 00:20:30,960
going to engineer some Escape velocity

463
00:20:29,159 --> 00:20:32,640
for this economy that there would be

464
00:20:30,960 --> 00:20:34,559
enough growth to generate enough taxes

465
00:20:32,640 --> 00:20:36,799
to pay down the debt well what's

466
00:20:34,559 --> 00:20:39,919
happened to the debt since Osborne came

467
00:20:36,799 --> 00:20:43,159
in it's almost doubled it's roughly 1.4

468
00:20:39,919 --> 00:20:45,320
trillion pounds the deficit off a little

469
00:20:43,159 --> 00:20:48,480
not really in a meaningful way the debt

470
00:20:45,320 --> 00:20:51,159
is continuing to expand wages in real

471
00:20:48,480 --> 00:20:53,640
terms are flat to deteriorating

472
00:20:51,159 --> 00:20:56,559
productivity the current account deficit

473
00:20:53,640 --> 00:20:58,799
which weighs uh the the current the

474
00:20:56,559 --> 00:21:01,400
trade imbalances

475
00:20:58,799 --> 00:21:04,960
and other factors is one of the it's the

476
00:21:01,400 --> 00:21:06,919
worst in the G20 it's at 6% of GDP this

477
00:21:04,960 --> 00:21:12,320
economy under the surface is in terrible

478
00:21:06,919 --> 00:21:14,360
shape and um when this bubble PPS as I

479
00:21:12,320 --> 00:21:16,880
believe we are in the midst of

480
00:21:14,360 --> 00:21:18,360
witnessing new leadership will step

481
00:21:16,880 --> 00:21:20,600
forward this is what happens in the

482
00:21:18,360 --> 00:21:25,200
crisis the leaders that were running the

483
00:21:20,600 --> 00:21:29,760
place anent and new leaders emerg now

484
00:21:25,200 --> 00:21:32,679
for my in my view Mr G is is a is a guy

485
00:21:29,760 --> 00:21:35,000
who is somebody you hand the ball to

486
00:21:32,679 --> 00:21:37,159
when the going gets tough and not only

487
00:21:35,000 --> 00:21:39,320
that people say figuratively they'll

488
00:21:37,159 --> 00:21:41,440
fight for you but how many politicians

489
00:21:39,320 --> 00:21:42,880
are actually go out into the street and

490
00:21:41,440 --> 00:21:46,320
get beat

491
00:21:42,880 --> 00:21:48,039
up how many actually do get their fight

492
00:21:46,320 --> 00:21:52,039
you how many this is not this is not a

493
00:21:48,039 --> 00:21:55,400
metaphor for Mr C he'll actually

494
00:21:52,039 --> 00:21:58,080
fight which I like I think everyone will

495
00:21:55,400 --> 00:21:59,640
appreciate that in the ensuing months

496
00:21:58,080 --> 00:22:02,559
and now I'm going to turn it over to the

497
00:21:59,640 --> 00:22:04,360
next mayor of this fine city of London

498
00:22:02,559 --> 00:22:06,360
who I'm very happy about because it's

499
00:22:04,360 --> 00:22:08,360
right next to we we record the show so a

500
00:22:06,360 --> 00:22:10,640
short big guest I'm going to pop over

501
00:22:08,360 --> 00:22:11,740
and man he comes on the show I give you

502
00:22:10,640 --> 00:22:14,859
George

503
00:22:11,740 --> 00:22:14,859
[Applause]

504
00:22:19,080 --> 00:22:27,000
Gall thank you very much

505
00:22:22,320 --> 00:22:28,840
haa and my honorable friends John

506
00:22:27,000 --> 00:22:32,919
counselor o

507
00:22:28,840 --> 00:22:35,440
and the incomparable Max thank you to

508
00:22:32,919 --> 00:22:38,440
the Venezuelan

509
00:22:35,440 --> 00:22:42,679
Ambassador and her counselor who's with

510
00:22:38,440 --> 00:22:45,720
us for the use of this wonderful Hall

511
00:22:42,679 --> 00:22:49,679
thank you for coming to this meeting

512
00:22:45,720 --> 00:22:52,559
this evening and to those watching on

513
00:22:49,679 --> 00:22:55,080
Periscope uh don't ask me what Periscope

514
00:22:52,559 --> 00:22:58,559
is but a very considerable number of

515
00:22:55,080 --> 00:23:02,320
people are watching this meeting on it

516
00:22:58,559 --> 00:23:06,600
and many others will in the course of

517
00:23:02,320 --> 00:23:10,000
time thanks to the wonders of

518
00:23:06,600 --> 00:23:12,720
YouTube there are some

519
00:23:10,000 --> 00:23:17,559
phrases which stick to the

520
00:23:12,720 --> 00:23:22,440
wall in meetings such as this and Max

521
00:23:17,559 --> 00:23:23,360
just threw out one of them he might have

522
00:23:22,440 --> 00:23:26,880
meant

523
00:23:23,360 --> 00:23:31,360
it as just something in the

524
00:23:26,880 --> 00:23:35,600
passing but it stood out for

525
00:23:31,360 --> 00:23:38,799
me as a metaphor for the

526
00:23:35,600 --> 00:23:42,520
entire picture that we're seeking to

527
00:23:38,799 --> 00:23:45,600
describe and illuminate here this

528
00:23:42,520 --> 00:23:48,679
evening are you here are you here for

529
00:23:45,600 --> 00:23:52,720
the asset sales

530
00:23:48,679 --> 00:23:57,440
Max said the multi-billionaire Mr Forks

531
00:23:52,720 --> 00:24:02,080
are you here for the asset sales Max

532
00:23:57,440 --> 00:24:06,720
doesn't that described the world of

533
00:24:02,080 --> 00:24:11,240
piratical vulture capitalists that have

534
00:24:06,720 --> 00:24:16,520
beggared most of the planet and now are

535
00:24:11,240 --> 00:24:19,039
beggaring our own continent and our own

536
00:24:16,520 --> 00:24:21,919
country the asset

537
00:24:19,039 --> 00:24:25,880
sales are of course sales

538
00:24:21,919 --> 00:24:28,760
of the wealth which the people in this

539
00:24:25,880 --> 00:24:30,799
case of Greece have

540
00:24:28,760 --> 00:24:35,919
spent

541
00:24:30,799 --> 00:24:39,960
Millennia in gree's case building up I

542
00:24:35,919 --> 00:24:44,200
saw a meme the other day of the

543
00:24:39,960 --> 00:24:47,760
Acropolis turned into a McDonald's

544
00:24:44,200 --> 00:24:50,919
driveby I laughed at first and then I

545
00:24:47,760 --> 00:24:53,640
thought I hope they haven't given them

546
00:24:50,919 --> 00:24:56,919
ideas when they're buying out the

547
00:24:53,640 --> 00:25:00,559
items they're buying out the other

548
00:24:56,919 --> 00:25:04,120
assets or of Greece why not the

549
00:25:00,559 --> 00:25:08,000
Priceless archaeological Treasures too

550
00:25:04,120 --> 00:25:12,000
why not monetize everything after all as

551
00:25:08,000 --> 00:25:13,799
marks predicted capitalism would be an

552
00:25:12,000 --> 00:25:20,760
era in

553
00:25:13,799 --> 00:25:25,240
which not only all that is sacred is

554
00:25:20,760 --> 00:25:28,360
profaned but all that is solid will melt

555
00:25:25,240 --> 00:25:31,880
into air isn't that what we are

556
00:25:28,360 --> 00:25:36,679
watching now that which is solid melting

557
00:25:31,880 --> 00:25:40,679
into air everything that's sacred being

558
00:25:36,679 --> 00:25:43,000
profaned if you'll allow me a slight

559
00:25:40,679 --> 00:25:45,000
digression mainly because I have issued

560
00:25:43,000 --> 00:25:49,799
a press release which requires me now to

561
00:25:45,000 --> 00:25:53,039
see it I'd like to comment briefly on

562
00:25:49,799 --> 00:25:55,760
the prime minister's speech

563
00:25:53,039 --> 00:25:59,520
today it only needs to be

564
00:25:55,760 --> 00:26:00,480
brief the prime minister has identified

565
00:25:59,520 --> 00:26:02,720
a

566
00:26:00,480 --> 00:26:06,360
crisis in

567
00:26:02,720 --> 00:26:08,799
identification with Britain of some

568
00:26:06,360 --> 00:26:13,600
British

569
00:26:08,799 --> 00:26:16,320
Muslims I've just got to say this prime

570
00:26:13,600 --> 00:26:19,720
minister if you want to

571
00:26:16,320 --> 00:26:22,320
encourage Muslims to identify with

572
00:26:19,720 --> 00:26:25,520
Britain stop going around the world

573
00:26:22,320 --> 00:26:29,600
bombing them killing them occupying

574
00:26:25,520 --> 00:26:29,600
Muslim looking them

575
00:26:30,420 --> 00:26:34,880
[Music]

576
00:26:33,120 --> 00:26:37,080
so

577
00:26:34,880 --> 00:26:40,720
Israel this very

578
00:26:37,080 --> 00:26:43,559
week the ridiculously

579
00:26:40,720 --> 00:26:45,640
insubstantial restrictions which the

580
00:26:43,559 --> 00:26:50,520
ministry of Defense had

581
00:26:45,640 --> 00:26:51,559
placed after several Israeli massacres

582
00:26:50,520 --> 00:26:54,200
in

583
00:26:51,559 --> 00:26:56,760
Gaza

584
00:26:54,200 --> 00:26:59,600
restrictions that say if I remember

585
00:26:56,760 --> 00:26:59,600
correctly

586
00:26:59,960 --> 00:27:05,679
that the weapons that we're selling you

587
00:27:03,120 --> 00:27:09,120
must not be used for either external

588
00:27:05,679 --> 00:27:11,640
aggression or internal repression which

589
00:27:09,120 --> 00:27:14,080
I always thought beg the question well

590
00:27:11,640 --> 00:27:15,880
what's the point of the weapons if they

591
00:27:14,080 --> 00:27:19,080
can't be used for

592
00:27:15,880 --> 00:27:20,760
external aggression or internal

593
00:27:19,080 --> 00:27:24,720
repression but

594
00:27:20,760 --> 00:27:26,039
that observed condition was this week

595
00:27:24,720 --> 00:27:28,640
lifted and

596
00:27:26,039 --> 00:27:32,080
Britain declared

597
00:27:28,640 --> 00:27:36,399
a freefor all in

598
00:27:32,080 --> 00:27:40,559
weaponizing one of the most brutal

599
00:27:36,399 --> 00:27:44,679
occupations in modern times so if you

600
00:27:40,559 --> 00:27:48,200
want British Muslims to identify with

601
00:27:44,679 --> 00:27:50,840
Britain you have to stop the wars stop

602
00:27:48,200 --> 00:27:53,640
backing Israel and stop propping up the

603
00:27:50,840 --> 00:27:56,600
Muslim tyrants who rule the Muslim

604
00:27:53,640 --> 00:28:01,360
countries almost without exception from

605
00:27:56,600 --> 00:28:03,519
one end to the other but of

606
00:28:01,360 --> 00:28:05,960
course the real

607
00:28:03,519 --> 00:28:10,399
traitors in our

608
00:28:05,960 --> 00:28:14,080
midst are not the young Muslim

609
00:28:10,399 --> 00:28:17,960
fulminating as he watches the news and

610
00:28:14,080 --> 00:28:20,640
the Carnage being sown across the world

611
00:28:17,960 --> 00:28:23,679
the real traitors to our country are the

612
00:28:20,640 --> 00:28:29,240
people who brought us to our

613
00:28:23,679 --> 00:28:30,039
knes and the people who have been it in

614
00:28:29,240 --> 00:28:33,440
the

615
00:28:30,039 --> 00:28:37,399
bringing of the Greek people not just to

616
00:28:33,440 --> 00:28:37,399
their knes but now