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00:00You are immiserating your workers in order to try to solve the problem you haven't solved before.
00:07But here's the irony that may in the end come back to haunt us. Europe has been unable to unify
00:14under the umbrella of American alliances. The enmity of the United States is bringing Europe
00:21together better than the alliance was able to do. And as you pointed out, very important,
00:28China, Japan, and South Korea, with long histories of animosity and tension, are getting together
00:36to cope with this, wow, we are unifying the whole world. If you want the big picture in my judgment,
00:44after World War II, George Kennan taught us about containment. We're going to contain the Soviet
00:50Union. The irony, which the philosopher Hegel would enjoy, we are becoming contained. We are isolating
00:58ourselves. The votes in the UN, or the United States alone, or the United States in Israel,
01:03and two or three other countries. The isolation politically, the isolation now economically,
01:10we are the rogue nation for the rest of the world. We may not want it, we may not agree,
01:15but it doesn't really matter if that's how they perceive us, and that's what's happening.
01:20You talked about South Korea, Japan, and China joining together. One of the biggest
01:24announcement of tax cuts was against Taiwan. It's just a little more complicated for Taiwan to join
01:29that group. And also another one was Vietnam, which got a very heavy whack. I mean, is there
01:36no recognition of what the United States did to that country? Maybe you wouldn't want to crush them
01:45with this kind of a thing. As I'm saying, this is a change. This is a sign to the world that as the
01:54United States empire declines, this is a nasty place that's going to, you know, gesture and thrash around,
02:04doing damage everywhere, as it copes with its own decline.