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Where -- we headed to you know I get hundreds of emails a day from well intended.
People who did not vote for John McCain.
And did not vote for Barack Obama or not only frustrated but -- genuinely.
At what's happening.
The three of us are so highly critical.
Of what the Obama administration and the congress are doing to the constitution.
We were equally as critical of what the Republican congress and the Bush Administration.
Did to the constitution of the time so we have carte Blanche to to criticize government in general as we do but.
How terrifying is this job.
Well I -- the direction that this could go -- And how quickly events could move you know this is very hard to say particularly because the economic crisis which the same bozos who didn't see it coming are telling as -- -- over.
It could get much worse and we all know that political social ramifications of that and it may want to -- that you mean just it's very very hard they work ago.
One useful one good thing to see -- that there is the growth.
A third sector in politics that -- -- -- even meet the same politics in American society who aren't the McCain or Obama boosters but who actually believe in.
Freedom and who don't believe in government propaganda no matter.
Who the that's huge.
Standing up there at the podium is whether -- has -- Margaret.
And your programming let's hope for heaven's sake -- -- you probably can't comment on this but this program you people -- -- listening to.
Get on the year because this would be genuinely.
The only program what you really hear genuine dissent -- but that's not the kind of dissent.
That you get from the New York Times verses the New York Post you know should be a compact be 38% or 37 point two.
I'm playing -- real -- -- you know instead of saying.
Should we preemptively bomb a -- beat we question the very idea of preemption at the Fed inflate this much and -- -- this much for that much.
We actually at school is this -- even necessary.
If we isn't good.
Group of the intellectual life in this country that is growing by leaps and bounds every day gained in influence -- I feel good about our future but it's not.
Look I don't see who has the intellectual wherewithal -- the credibility to resist it.
Where we're getting suites from Shelley wrote from your -- now who does this -- and here's one for Lou.
What can we do to see more libertarian minded representation.
In the government to get the message of freedom not only -- main street to Washington.
He is there a chance that more people like Ron Paul can actually get elected to the government.
It in our -- -- is -- going to be generation after generation.
Of building a third when he when he used the word party but but force.
In American politics -- Look at we don't have -- -- record do we have in this and Ron Paul and about the last 200 years.
From that somebody else.
So like guesses the very very difficult and the reason is that most of the people who run for all about what they're claiming.
Want to be in office to run other people's lives of and that that -- -- they're they're just the better written version that the quirk that you met at the train station.
So no I I don't think this is actually a good thing we don't want to worry.
If we can change the minds of the American people if we can change.
The climate of opinion of the country and it is changeable and that can happen just -- that does that happen in the reverse.
Then the people in Washington.
Will -- that they the people.
But we have to change the climate of opinion in my view it doesn't matter actually didn't help to elect Ronald Reagan didn't help certainly the -- To help other one of the bushes.
This is not the answer.
Ron Paul it is.
I think unique.
I think the effort to try to put more Ron -- in Washington.
I'm all for that there should be one.
-- -- we will let the.
Commenting on one on my personal sense of morality what was just.
And impatient type me.
How -- into obeying the government.
And and should I have had to do that is is it realistic to expect that either the government would treat me as one of its owners or.
Better yet that there'd be competition and other train company that I can go to which won't treat me like -- a child.
Or these fanciful.
Wishes that that scholars.
Talk about in in seminars but -- -- not going to happen in real life yeah I think.
They're like -- unicorn.
You know -- they're like unicorn or you know you know Jim Cramer saying something sensible of the lab piling on the NBC to acquire -- but definitely.
Giving your audience and where I'm physically located to welcome the -- of that.
But I -- all I can play -- man I just wish I could have been there in person.
In a situation where you actually could rile up people align men that look -- -- YouTube.
That back up I was hoping somebody had a camera because.
I mean if we have had pitchforks I think we would have taken over -- -- both.
These were basically a professional men and women who wanted to get on that same train that I did to go to Philadelphia and parts out.
And just head out and out.
After it happened once okay after it happened twice what's going on after it happened the third time a grown person with a briefcase in one hand and a and a tote bag and the other being told to go back and stand on the bridal line.
-- -- -- -- It was just too much to take little any final thoughts before we sign off until next week.
We'll just I think that the kind of spirit that you exhibit.
-- -- what that -- represented -- the show is actually increasing among the American people like the all kinds of -- Of actual intellectual green shoes.
And real time mustard seed not the baloney that we hear that -- the NBC but people's hearts and minds changing.
I think people are getting upset in Washington.
I'm being a tremendously revolutionary attitude I'm very optimistic.
Not about the -- in the -- but.
About Americans I think actually things are changer.
Lew Rockwell Tom woods always a pleasure until next week and freedom watch thanks for your time.
Thanks for your eloquent articulate thoughts.
Thank you judge thank you.
Tom Palmer from the Cato Institute an expert and Europe and an expert on Russia and -- somebody knows.
-- -- about the economy as well joins us now Tom we've met before but it's nice to see you on this show welcome to freedom watch.
Well thank you it's -- -- -- with the that it what's the state of the free market and in the old so what about the old Soviet Union because we know what's happening in in Eastern Europe.
But how free is the free market in Russia today and how much are are are the Russians suffering from the same recession that's being visited upon the.
Rest of us.
Well number one -- recession is really serious had happened earlier than in the rest of the world the stock market collapse.
Was really disastrous for Russia huge you're really sure.
Also made worse by it for them by the fall in oil prices better for us overall and then the second.
There is capital flight from Russia because of lack of protection property rights that.
Regime in the Kremlin feels that if they like something of their friends like something.
They'll take it from you.
And so investors keep their heads down and they're afraid of being confiscated it what is known -- the facility key which means the powerful guys.
-- -- -- A Pacific -- Euro capital and a regular on freedom watch joins us now.
Peter where I'm with Tom Palmer from Kato Peter always a pleasure when -- ask where you are because -- that was a different place on the planet.
But welcome back to freedom watch.
-- -- -- -- I actually wasn't on vacation it was a work assignment but it was a beautiful place called the war aliens was very hot -- very beautiful and mission accomplished.
I don't know if you had a chance to hear what Tom.
Was talking about I was really touching upon his expertise.
In Russia but he pointed out a couple of things.
Which I sort of generally knew about but but but but didn't know the specific seven that is the flight of capital from Russia.
Because of the willful failure of the government.
To protect their property rights where's the capital going.
Yeah -- rock -- yeah.
-- -- I mean if you think -- a lot of play I know what my cap.
Apple's going I'm betting money predominantly to the Asian economies haven't been a big about -- Russia although I Biden I think that they had the chance to benefit from.
What's happening in natural resources and things of that nature but.
I've been investing alienate eat in Europe in some of the other commodity type economies that I have more -- I into the government infrastructure such as -- -- Australia.
Norway a New Zealand Canada but I was up -- -- just yesterday speaking at a conference -- there and I'm very optimistic on all of the company's.
The north of the border but what we need to learn from -- -- is not worry about capital flight out Russia but capital flight out the united state.
The -- the US government is undermining our capital markets and under Mac mining the value of the US based investment by creating so much inflation --
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