many reasons why we are opposed to taxation the first reason is a moral reason we believe taxation is immoral we believe that every individual has a right to his own life and therefore rights to the fruits of his labor or it was property and that it is morally wrong to take somebody's property against their will and that is what taxation is taxation is a legalized foreign of robbery what changes would libertarianism bring to year well first of all would have a lot more freedom it would mean that people would now control their own lives they control their own destinies they could decide for themselves what it is they want to do with the fruits of their own labor their longer have a government that's taking half of what they earn what would you get what do we get a return we get streets we get we get highways filled with traffic jams we get hospitals with waiting lines we get schools that are very expensive but the quality of these schools is not all that great we get. an army of bureaucrats whose job is

to make new rules and they keep making new roles all the time what are the main problems facing europe right now. the problems caused because. of our financial system because the government has created a monopoly a government employee of money creation there was a time when money was gold and when money was gold and good money was gold coins there was no inflation there was deflation in fact one one coin of gold could buy you more and more over time because. there were the production levels are rising much faster than the amount of gold in the world and that in those days there were no. the pressure there were no big recessions that started when money started changing when people took their gold to the bank and received.

in return a bank note or research or received in return and accounts with a credit in the account when that started happening banks became. influenced in the sense that they received an incentive to start handing out loans to people that weren't actually covered by gold they just created money out of thin air and that's what caused. inflation. and then some banks started to go bankrupt their bank runs when people found out that their bank had created so much money out of thin air that they were well backing was so low that it became a risk to put your money to keep your money in that bank and when that happened banks started lobbying with the governments to create a central bank and the purpose of the central bank was to make rules that all the banks now have to follow as to how much they could inflate how much money they

could print out of thin air so that with that all the banks would have played together at the same rate so that the risk of bank runs would now disappear and that's what's happened and as a result inflation has become rampant if you look at the value of our currency today compared to the value of currency hundred years ago. about ninety nine percent of the value of the currency has disappeared and that's because of inflation and that's that's because the government has allowed bangs to create money out of thin air it's a government issue privilege to the banks and the banks are happy to you to take advantage of it. and of course government is not the creation of money now only the central bank has the right to create money and central by. banks do what is called quantitative easing which is a very nice word what it really means is. is is creating money out of thin air and

you could actually call it counterfeit money because what is counterfeit money it's money that isn't backed by anything that's just a worthless piece of paper but that's what the government is doing to us and we all understand that counterfeiting is a bad thing and why is it a bad thing because the counterfeiter get something for nothing. and all the people who have save money lose out when counterfeiting. is allowed to occur and a lot of people start counterfeiting what it means is all the people to save their money are no losing and the counterfeiters are getting something for nothing and it's very distorted because people now receive an incentive to become kind of critism sells rather than productive work that's exactly what the government does with central banking and government has now monopoly in counterfeiting they have the right to create money out of thin air just worthless pieces of paper and as a result all the people who saved money. are watching their savings disappear there are savings become worth less and less and the and the government is getting something for nothing and it's very distorted because now

a lot of people stop doing productive work they start working for the government or they start selling services or products to the government they can become part of the military does so complex to make money off government so it's a very distorted process and not only is the distortive but it creates the business cycle because when central banks inflates creating huge amounts of money out of thin air they create bubbles and these bubbles cannot last forever they must burst and when the bubble bursts that's when we have a recession as we have a depression it is really. very comparable to a knuckle holic who drinks too much alcohol and isn't received the next day he has and he has a hangover that's that's what basically what our recession is it's the hangover and the the money creation the credit expansion is like the the that's the also gives you and the problem that alcoholics have is that when the are getting

a hangover they are very tempted to take more alcohol because they can delay the effects of the hangover and that's what our governments are doing as well our central banks are trying to solve the prices by printing even more money but that only makes the. worse in the long run it's only a very temporary measure but it's only kicking the can down the road so the only real solution to this problem is to end this government privilege of current of creating money out of thin air and go back to a situation where money's worth something ramoni is covered by something it can be gold it could be silver could be a any other thing that has intrinsic value but as long as government is allowed to keep on printing counterfeit money that's worth nothing that whose only value is based on the fact that they have a monopoly on creating it and they can put anybody in jail with as counterfeiting except themselves as long as that is the basis for money we will be in this business cycle why should libertarian principles be used to help solve the problems

in europe the free market is the best system that we have to create products and services to to enrich our lives to make sure that we live long and happy and prosperous lives because the free market is a system that is based on voluntary cooperation in a free market every turns action between two or more people requires a voluntary consent of each of the people involved and that means that they all expect to be better off their own spec to be happier as a result so as a result any turns action of free market is bound to add to the happiness and prosperity of the of the individual people involved in the transaction and when you allow an entire nation to reap the benefits of the free market everybody in the long run will benefit to become better off and lead happier more prosperous lives and government to vention always goes against that principle government pension is

based on force would you say that modern day europe has drifted away from liberty there is a lot of positive developments but there is also negative developments the pull the . were comes to privacy our right to privacy versus the government that's a right that is completely being neurotic. ated over the last thirty years government has the idea that they have the right to know everything and that either we have nothing to hide in which case we don't need privacy or we have something to hide which case we don't deserve privacy so when governments bill politicians talk about privacy in a new privacy laws they're always talking about how privacy should be protected amongst the people how corporations and companies should be stopped from and to invade the privacy of citizens but government of engine of our privacy that's something that is is occurring more and more over the last thirty years another very worrisome developments is the european union. because up until now. actually up until one thousand nine hundred two is

a better year to pick. the european. economic community the e.c. was a force for the good at the time what the e.c. did was reduced trade barriers to zero richard reduced terrorist easier we reduced trade quotas to zero. and promote things like free movement of capital and people and goods and services that was a good idea at the time the e.c. was was was advancing individual liberty that's changed that project basically was finished in one thousand nine hundred two and what those european bureaucrats should have done is said ok we're our job is done let's all go home let's find a real job to do productive for that's not what happened what happened at the euro kratz have started the new project which is basically the creation of the united states of europe and it's a very gradual thing it doesn't happen overnight but what we see is that they're trying to raise competition amongst member states right now we have competition

right now every member state to set their own tax rates right now every country commit to make their own rules and as a result there is competition in this competition has been extremely helpful and the euro kratz would like to reverse the process they would like to end tax competition. they would also like to and competition suit the level of regulation they would like to have a european union that sets tax rates on european level they would like to have your opinion the man has the same rules all over the european union and eradicate competition they want to stablish a cartel so freedom is lost and prosperity will be lost if that happens and that's why most of the terence are very skeptical about this project of european integration because what it really is is a cartel they're trying to form a cartel so that we can't escape them anymore we can't we can't move anymore to another country to escape high taxes thank you very much for speaking to us today well it was a pleasure you're very welcome. told

me my language as well but i will only react to situations i haven't read the reports and the petition to know i will leave that to the state department to comment on your complaint to say. it's ok it's on the docket. thank you no more weasel. what do you think you did the right question and the proof for a change when you. get ready for a. freedom of speech. and the freedom to. wealthy british style.

markets why not. find out what's really happening to the global economy with max cause or for a no holds barred look at the global financial headlines tune into kaiser report. seals are born right on the ice fields of the white sea. throughout the twentieth century the poles were hunted for their snow white furs. russia imposed a ban on this trade and hunters have since been replaced by tourists but these pups stay safe forever. saving seals on our teeth. the civilized world produces more food than it needs. well people die of hunger in

other countries. millions of victims every year. where a meal is the most event. was. is flood or droughts to blame. and if was a bad year without a train. we couldn't clods anything but that. there was great hunger. is a good help comes too late and without good intentions. charity diplomacy and business. is.

the. istanbul's taksim square use a park with anti government demonstrators for the third day in a row and made fears on west could return with renewed vigor to the techer safety if the police move ahead. they started to restless days with tear gas and water cannons and pepper spray you stupid well the public fury which reportedly left two people dead and sound stronger vibrations all across turkey. closet barbed wire and the nami a riot get police surrounded the european central bank in frankfurt playing into crowds of protesters report from the scene where many thousands demanded and then to tell stars.