so it's very reminiscent of the old soviet union in the '80s, when brezhnev, have to brezhnev died and was replaced by elderly and drop off who died quickly and was replaced quickly by -- who died quickly and was finally replaced by gorbachev, but by then it was too late to save the system. so as ronald reagan said at that time when they were basically three soviet leaders in a little over three years time, they keep dying on me. [laughter] and that's what i think president obama and future american presidents are going to be dealing with. certainly here in the next four years. they have no ability to agree yet on the son of one of these brothers, because the 36 branches each year that if my son gets it, your son, your whole branch is disenfranchised because we will pass it down in our branch because it is not, it was easy to pass a from brother to brother, but how do you decide if you going to pass it from cousin to cousin, which cousin, when there are hundreds of them? the king tried to get around that by having an allegiance council with one person from every branch of the family th

he is on his third crown prince permitted is reminiscent of the old soviet union in the '80s when brezhnevdied and replaced by elderly by his brother in the replaced who died quickly then finally replaced by gorbachev but then it was too late there were three soviet leaders in three years' time and reagan said they keep dying on the. [laughter] that is what that is what the president's will be dealing with over the next four years. they have no ability to agree yet on the son of one of the brothers because each branch fears if my son gets it then your whole branch is disenfranchised because we pass it down to our branch because it is easy to pass it brother to brother brett how you decide cousin to cousin? which cousin? there are hundreds. the king got around that by having an allegiance but council one person from every branch to decide but when the first crown prince died that group net and one of the brothers said i should be the next crown prince and the king said no. i will pick another brother and that was the and of one man one vote with the royal family. there was the expression an

brezhnev was permanently organizing committees for introducing n reforms, and we tried to tell our political leaders, it is not the issue of reforms. we must have fundamental systemic change. it finally happened, and i hope it will happen in europe as well. you say again, for me, an unacceptable way of looking at things, europe -- greece needs something. i do not think it is in connection with the cato philosophy. maybe i was wrong, but i thought i said at the beginning of my speech that he took believes in freedom, free markets, and minimal government. i do not understand cato as an institution which police in giving advice is to sovereign governments -- which believes in giving advice is to sovereign governments. please accept democracy as a prevailing principle and did not give advice to anyone. [laughter] definitely, at the institute is like the world bank did not belong to the current world -- [laughter] they should have been eliminated decades ago, but it is still possible to do so. i made the statement [indiscernible] in 1990 when i was pushed to accept advice or how to do things in m

but then we have a meeting between president nixon and general secretary brezhnev in which he demanded meeting to talk about the middle east, and he said, don't know exactly when it's going to happen, but there is going to be a war in the middle east this fall. unless we can do something to prevent it. now, that information i knew, and took seriously as i think kissinger did, not as a presize warning but he start asking us to watch carefully for any signs it might be true. i don't believe this information was shared with the cia. and this is a problem where policymakers know things that they don't convey to the analysts. and then, of course, we saw the soviet advisers leaving a few days before, and in the very last day there were very strong signals of -- that war was a possibility. i can tell you that on october 5, i was actually quite nervous. but there was this issue that has been mentioned several times. the israelys didn't seem to be worried. at least they isn't through the day of october 5th. that changed overnight on the 5th and the 6th and i heard from a pretty well plugged in