capitalism because some many who have been on this show say we're not living in a capitalist era this is kuoni capitalism and others like our guest today say we're living under something entirely different this is credit to them so when we're trying to solve economic problems we have to address not capitalism but credit to them but how do we get here well massive expansion of debt obviously here is a look at it though total credit market debt owed so you can see here from the fifty's it was just kind of steadily on the incline but then what happened because it really exploded it took on right around here what was going on then one nine hundred seventy one to seventy three well this my friends as you well know is when it really kicks off this is when president then present i should say richard nixon closed the gold window taking the u.s. dollar the global reserve currency off any kind of gold backing once and for all opening the door to the money debt explosion so look ok there's been a little of the leveraging but we've got a long way to go so what are the challenges if this all collapses well