scuse me founder of malden economics with us too so before the break john moulden you were laying out scenarios for europe that go from bad disaster a or b. and jim workers i want to get you in here because i think that you may disagree on . camping with your your take john certainly right that you had debt is unsustainable that pretty more money by itself doesn't solve anything doesn't solve the debt problem i just kind of job to footnotes john one you know in seventeen eighty seven says sovereigns as diverse as south carolina and new york gave up some of their sovereignty to form the united states of america so you're exactly right that a monetary union is not sustainable without a fiscal union but i just want to suggest that as you said yourself maybe the fiscal union is coming maybe this is just a two step process in the elites are saying that we have to do this in stages we can't cram it down people's throats all it wants but over time will come to get there and that's what naomi klein calls the shock doctrine which is use a shock to drive through unpopular policy use the euro so

of outback the kind that's on no one's horizons for the other no one's really talking about but john moulden who we interviewed said that that is the city to watch as the city in the country what kind of backlash ok so the rich is basically a lucky slogan saying if the poor get desperate they will eat the ranch alone but what do you think the backlash from the rich is going to be in france for being taxed seventy five percent the burden is on them to make up the shortfall in the budget deficit essentially you know well i mean i'm going to be taking any carriage i know you. know mitt romney is super rich much richer than i am but he gets taxed less than i do thirteen percent less of it to babylon and i don't know how this works or that's thing which crazy ass on the rich or just raised on you know yet how it's reeking of eating i think there's an interesting story you're going to be yes there may be a solution for what the people that are. struggling to feed themselves congeal some new yorkers spearheaded it they found engine these are hunter gatherers pigeons according to them are an invasiv