snowstorm was we covered a story from francis fukuyama who had asked whether or not america was a plutocracy and his conclusion was that yes it was that the rich have an outsized sort of power over the political process here is your response but it's beyond plutocracy station however it's a clip talker see so it means that if anyone's earning one dollar in america that means that ten dollars are being stolen from them from the clip talk or see and those people who earned a dollar now have an additional ten dollars in debt that's the difference between a kleptocracy and a plutocracy so once again proven to be more of a observer of social phenomenon than francis fukuyama who's an overrated time. i said this is not a plutocracy it's a kleptocracy and who is right me again yes but the biggest story of two thousand and eleven max was re hypothecation it came into the public domain in the collapse of m.f. global but you are predicting that there you are saying that for every dollar that a banker steals from you they actually with ten dollars of debt because of their leveraging up on it well let's