Latest / Financial Survival Network / Lord Conrad Black Gives His Views on U.S. Politics, Global Affairs and Education #5990
Transcript
- 0:00I'll tell you why I am an optimist. I think that you can discern
- 0:05quite clearly that the majority of people don't like what's going on. I'm all
- 0:10these polls showing direction of the country and so on a negative results. The
- 0:15country does not believe that the US is a rotten place. They do not
- 0:19believe that it was set up as a slaveholding operation. They do not believe
- 0:24that it is an evil, racist country. It isn't. You're listening to
- 0:29Carrie Let's's Financial Survival Network, where you get valuable information you just can't find
- 0:35anywhere else to thrive in today's trying times. You need the Financial Survival Network
- 0:41now more than ever. Go to Financial Survivalnetwork dot com and get your free
- 0:46newsletter and gift. Financial Survival Network now more than ever. And welcome you
- 0:57are listening to and watching the Financial Survival net Work. I'm your ost Kerry
- 1:00Luttz. We have a very special guest for you today, somebody I didn't
- 1:04think would ever come on this channel, just because he's such a legend.
- 1:11You know him well, I've seen him speak, I've been reading his editorials
- 1:15for years and one of the smartest people out there that I know, Lord
- 1:22Conrad Black And it's not every day we get royalty on the show, Lord
- 1:26Conrad, but it's great to have you on. And hey, I know
- 1:30you've got opinions. Now I saw you speak at the Vancouver Resource Investment Conference.
- 1:37Ohka, you you like Lambas did the the Trudeau administration about their environmental
- 1:47policies, about all of these things that they were doing, like killing the
- 1:53resource industry which made the country of cast and also the United States. We've
- 1:59done similar things here and hey, you've been around a long time. Is
- 2:04there always should we be optimistic that the left has overplayed its hand or should
- 2:12we just throw in the towel? Now I am decidedly optimistic. But first
- 2:17of all, let me thank you for your extremely gracious introduction. I didn't
- 2:22really recognize myself, but I'm not royal, you know, the royals or
- 2:25members of the royal theory. I'm noble, but that and the correct fair
- 2:30get beyond the public friends and system all around the world. So you know,
- 2:36it's good for making a dinner reservation in London or anywhere in England,
- 2:40but that's what it is. Really. It's nice to be a member of
- 2:44the Parliament though, but on your question. I'll tell you why I am
- 2:50an optimist. I think that you can discern quite clearly that the majority of
- 2:55people don't like what's going on. I'm all these polls showing direction of the
- 3:00country and saw ona negative results. The country does not believe that the US
- 3:06is a rotten place. They do not believe that it was set up as
- 3:08a slaveholding operation. They do not believe that it is an evil, racist
- 3:15country. It isn't. I mean, there are a few evil and racist
- 3:20people in a population of a third of a billion. You couldn't avoid that,
- 3:23But it is not that it is, as most Americans realize, a
- 3:28great country, and most of the people are good people most of the time.
- 3:32And it's been a strange phenomenon where you had this. I mean,
- 3:38if I may say it, I'm sorry to be sobyncopated here, but I
- 3:40may say this, I think Americans underestimate what the whole country, white and
- 3:46African Americans have achieved on the civil rights side. This is the only country
- 3:52in the history of the world where a servile, a formerly servile enslaved minority
- 3:59was not emancipated. That's happened all over. But there's this effort to raise
- 4:04them up to a state of equality, and in effect, it's happened,
- 4:09and it was, and I don't think Americans give themselves enough credit for that.
- 4:15Instead, they're still HARKing back to the undoubted evils of slavery. But
- 4:20you know, mister Lincoln said that if every drop of blood drawn by the
- 4:26lash had to be repaid by the sword, he was still going to abolish
- 4:30slavery. And he did it, and and most, you know, the
- 4:32overwhelming majority of Americans are glad that he did it. And so I think
- 4:38what's happening now is in the temporary absence of a serious foreign rival, and
- 4:43at a point when previously oppressed people were no longer really oppressed, you got
- 4:49this strange era of people doing a rethink on the US and saying, well,
- 4:55look, wait a minute here, this really isn't such a heroic country.
- 4:59You know, We've done this, we done that, And that happens.
- 5:01It's like an individual. Sometimes it's very self critical, and the country
- 5:04does sometimes ten but it's gone too far. Everyone sees it's gone too far.
- 5:10The United States, it's like all other countries, has made its mistakes
- 5:14and done some bad things, but it is on balance one of the most
- 5:17positive forces in the history of the world. And the huge expansion of post
- 5:21war democracy and the free market system is chiefly do to the United States.
- 5:27And we now know a reduction in the percentage of the world's population even as
- 5:31that population has got up that is in chronic poverty, from seventy percent at
- 5:39the end of World War two down to ten percent. Only ten percent.
- 5:42That's still a lot of people. But this is progress, and the US
- 5:46is the great enginet progress. So I think that what you're going to get
- 5:49is the sensible, reasonable majority, mister Nixon, silent majority are going to
- 5:56say this is funk and we've had enough of it. Yes, we've got
- 5:59our false but around going to spend the rest of our national life in self
- 6:01flagellation. Let's turn these these ingrades and ip I greats. And I think
- 6:08that's what we're going to see this And I'm hoping that you're right about that.
- 6:14Just the population sometimes you think has just been dumbed down to the point
- 6:17where the average guy is working two jobs, just trying not to go bankrupt
- 6:24and just can't focus on the bigger picture and feels that the elites have like
- 6:30totally abused him, totally exploited them. And basically, you know, nobody
- 6:38is out looking for your interests. You know, you're just you've just had
- 6:43it, and you know it's it's it's hard for the average working person to
- 6:47just keep the effort up and really really, you know, stay focused and
- 6:54and sure, on the other hand, he can remember that three years ago
- 6:57things were better, haven't. The president who made the better is running for
- 7:00the office again, so you know, you can put to them together.
- 7:02Yeah, I was definitely was better. I mean, how many wars got
- 7:08started under Biden's predecessor was it? About as many as the full points of
- 7:14Under Trump, about as many as the full points of inflation. There were
- 7:17no wars, no inflation, no oil imports, no illegal immigration. Uh.
- 7:23And no unemployment. Yeah, a million more jobs to be filled than
- 7:28there were unemployed. It's full imployment, right, And and TV news was
- 7:32a lot more entertaining. Back to love of them or hate him, it
- 7:38was a luck entertaining. Oh yeah, no, he's a great comedy genius
- 7:42in addition to his other tones. So and look at you know, the
- 7:48left wing media was was prospering under him as well. You know, all
- 7:54the jobs that have been lost in the left wing media, The Washington Post.
- 7:59Uh, you know, CNN, all those anchors that have been shown
- 8:03the door anchor Chris Wallace, they're all they're all gone. They're all gone.
- 8:09So they didn't even know that he was. He was instrumental in their
- 8:15in their prosperity. Where are they now? So so looking ahead, you
- 8:24know, one thing we were under the impression were sold the bill of goods.
- 8:28I think that China was going this was going to be the China Century,
- 8:33the Chinese century, and now we see that China is one big two
- 8:39food drag the tiger. You know, it's like apart. I mean,
- 8:46no, they're not in any of these international organizations really because you can't believe
- 8:52a word they say, er figure they published. I mean, there's no
- 8:54doubt as a development story, as a primitive country bootstrapping itself up to great
- 8:58economic progress, it's a brilliant story. No one can say anything to oppose
- 9:03that view. But the idea that it's a real rival to the United States
- 9:07is rubbish. I mean, none of the institutions have deserve any respect,
- 9:11except possibly the armed forces, although they haven't really been active since the Korean
- 9:16War. And it's a forty percent command economy. They still have three hundred
- 9:20million people living the way they did a thousand years ago. It's you know,
- 9:26it's a corrupt, authoritarian, totalitarian state, and you know it has
- 9:33no great diplomatic suaby. The Burmese colonels found them so offensively, threw them
- 9:37out and drought back that lady that they'd banished under house arrests for twenty years.
- 9:43I mean, their belt and rogue approaches fiasco. They're going to lose
- 9:48their paths. And I have to agree with the recently convalescent Secretary of Defense
- 9:54Lloyd Austin when they said that the Chinese aren't ten feet tall. Now they
- 10:00are. Yeah, they're they're they're famous, numerous, distinguished nationality. But
- 10:05the Chinese is no real rival of the United States. Hey, well,
- 10:11you know it's a and you look at all that infrastructure is just frumbling before
- 10:16your very eyes. And then they they've exported that in the form of the
- 10:20Belton Road Initiative, or they call it the Bribe and Rape Initiative. Yes,
- 10:26you know, they the dam in the Ecuador, it's got a thousand
- 10:31cracks in it because they use that fine Chinese concrete. I'm afraid to go
- 10:35to the Bahallas now because they built those new hotels in Nassau, and who
- 10:41knows how long they're going to last. Uh, you know, standards right,
- 10:48and they export the workers, they send Chinese lu works. They don't
- 10:52create employment where they go, and you know, they don't create a great
- 10:58deal of gratitude or good will. So what about what's happening in Europe?
- 11:03I mean, Europe is like in a sorry state right now. And what
- 11:09birds or worse than others? Easterns better? Yeah, and look, I
- 11:16think this premier in Italy is doing very well. The woman, you know,
- 11:18I think she's fine. Uh yeah, I think I think it's I
- 11:24think you're starting to get signs of life there. I mean the problems really
- 11:30are in Uh, Britain, I think is going through a cycle of poor
- 11:33government and then they'll come out. I always do. You know, it's
- 11:37generally a well governed country, but right now it's kind of you know,
- 11:43treading waters. You know, it's moving sideways. Germany is in a puzzling
- 11:48state. I mean, it is the strongest country in Europe, but it's
- 11:52still intimidated by the moral atrocity. So it's passed within living member to ely
- 12:00people, and so they're kind of reluctant to step out and take the lead.
- 12:05In Europe, they want to be in a cocoon of allies and move
- 12:09together with them, which is much better than Germany. And it's militant domineering
- 12:15mode. But it's a continent that's still I think reorienting after the World Wars
- 12:22and Cold War. But there are, as you say, in the Eastern
- 12:24Europe, there are signs of great oak in the Czech Republic, in Hungary,
- 12:31in Poland, and in some ways in Ukraine also. Yeah, yeah,
- 12:35so the Ukraine War here, we can't get a straight story on what
- 12:39exactly is going on there. It's like dueling propagandists, you know, it's
- 12:46like that thing from a dueling banjo's you know, you just don't know who
- 12:52to believe or what what's your take on what's happening there and how it's going
- 12:56to end. I think that every buddy, including the former Chairman of the
- 13:01Joint Chiefs of Staff, who should have been court martialed by the way General
- 13:05Milly thought the Russians were going to take over all of Ukraine in a few
- 13:09weeks. I mean, that's what he told the Senate. And I think
- 13:15the fight that Ukrainians have put up as a heroic fight, and I think
- 13:18I think we all feel that in the West, and if Russia had taken
- 13:26back Ukraine, it would have undone the largest single part of the greatest and
- 13:33most bloodless strategic victory in the history of the world, which the West won
- 13:37in the Cold War, when the USSR just felt like a soup late disintegrated,
- 13:43had of shopping fired, and that was a tremendous victory for the Western
- 13:48world and for democracy. And as we were just discussing, a number of
- 13:52those countries have done very well as democratic countries. And if we had a
- 13:58lot the Russians simply to take over Ukraine, we including the Ukrainians, it
- 14:05would have undone part of that. It would have shown the world that the
- 14:07Western Alliance was a paper tiger, that we were flabby, and nobody need
- 14:13worry about anything we said. So I think it was terribly important that we
- 14:16support Ukraine, and I think we could have done a better job of it
- 14:18right, and we should have what happens we're giving them now, we should
- 14:22have given them at the start. But with all that said, we have
- 14:26a second goal where, apart from assuring that Ukraine survives and is recognized and
- 14:31accepted as an independent country, we want still to bring Russia into the West.
- 14:39We don't want to drive them into the arms of the Chinese. So
- 14:41we shouldn't be holding a dmentic regime change in the Kremlin or sweeping out of
- 14:46every square inch of U Grant. I think it's quite clear we can make
- 14:50a deal now. You let the Russians have most of what they take it,
- 14:54maybe you can pull them back, but you've got to do it on
- 14:56the ground that the Ukrainians can do it. I've got to live with three
- 15:00quarters of a lobe. Only this time the guarantees of Ukraine wouldn't be phony
- 15:05guarantees like we all gave them before when they gave up the nuclear weapons that
- 15:09they inherited from the Soviet Union. They got to be real guarantees. The
- 15:13Russians, I have to understand if they invade Ukraine again, they went war
- 15:16with NATO, all of NATO, right right, Yeah, Well, I
- 15:22always say by which I mean including Turkey and Spain, Annada and not just
- 15:28everybody free loading on the United States. Yeah, which was one of the
- 15:31themes of the last president's tenure is that that NATO has to step up and
- 15:39actively and they did when he said it. They did it, Yeah,
- 15:43because they were called to account. So interesting things that nobody thinks about.
- 15:48You know. One thing that's interesting going back to China is that they're uh
- 15:56their attitude as unified. All the countries are around them and sent back to
- 16:00the US, the Philippines, Vietnam, we just did a major deal with
- 16:06them, Japan, Korea Island was playing footsie with them for a while.
- 16:12Yeah. Now Thailand's got a bunch of the Belton Road projects that are probably
- 16:18going to fall apart in the next ten years too. And you know,
- 16:22all of this, all of this has changed. So the idea of like
- 16:27the development that China saw over the last twenty thirty years, now the rest
- 16:33of the South Asia Southeast Asia probably going to be the beneficiaries of that.
- 16:41Yeah. And I have to say, not that you've ridged this, but
- 16:44I'm not a pessimist, but Taiwan there, I mean, the fact is
- 16:49it's about one hundred and forty miles in blue water across that's four times as
- 16:56much as the Allies had to cross invading Normandy and you know, the Chinese
- 17:03would have to move half a million men in slow moving boats across that water
- 17:07that they'd you know, it reminds me of a speech of mister Churchill's to
- 17:12nineteen forty when he said, we're still awaiting the long promised invasion. So
- 17:18are the fish meaning you know, try up no old drum and it's just
- 17:23not going to happen. Yeah, I don't see it either. Is there
- 17:27way of getting attention or distracting or whatever. And so the crumbling of the
- 17:34Chinese economy, it looks like they're going through nineteen twenty nine over there,
- 17:40now, good jump to that. I mean it's it's tenuous from the look
- 17:44of it. Yes, And somebody looked at we in nineteen twenty nine.
- 17:48We had the ability in the thirties to spend more money, use these workfare
- 17:53schemes to put people back to where and you know, gradually get out of
- 17:59it. But China's already done that. They've done the worker as you say.
- 18:03They've got highways and bullock trains to nowhere cities with empty forty story buildings
- 18:10in them, and I mean they're the forest of these buildings. They're like
- 18:14downtown New York with nobody in it, you know, and so they pull
- 18:18all those leapers. What are they going to do next? Yeah, they
- 18:21have a version of New York City. I actually saw it from a bullet
- 18:26train, which I would never ride in now, knowing what I know about
- 18:30the quality of their infrastructure. But I saw that city and it's like wow,
- 18:36but nobody's there, and they can't get anybody to move there, and
- 18:37they can't even force people to move there, and you know, just the
- 18:41inequities of their system. You think the CCP can last much longer? Or
- 18:48how much longer can they last? I would have to assume that they would.
- 18:51Look, I'm not a I'm not a person who follows China every day.
- 18:53I think the CCP will last, but I think the masquerade they're putting
- 18:59on is a channel leading the whole world will be less durable and less believable
- 19:04than you know when and less violetother than when Russia, you know, Soviet
- 19:10Union. Try that Bruce shows sound will bury, but in straight economic terms,
- 19:15not politically. They were always a friendly country, but Japan thought they
- 19:18were going to take over the economic leadership of the world too. That's very
- 19:22true. But Japan at least is for real, isn't the economy? Yeah,
- 19:26and you know it's still a powerhouse you've kind of forgotten. So so
- 19:34the reason for optimism, you think the world has like looked over the abyss
- 19:41and not Noine didn't want to go there, all didn't want to go there.
- 19:45Yeah. I hope you're right, And I really I think that problem
- 19:49is that in all of our Western countries education's going to pieces. And one
- 19:55of the ironies is all of us spend more and more on education and get
- 20:00less and less well educated people. And I think the greatest single menace of
- 20:04the teachers hits and this wide yard woman is the ed your hub result public
- 20:12enemy number one list, you know. But uh, you know again,
- 20:18there's an antidote to it. People are going to charter schools, home school
- 20:23I can second schools so far. Well, you can actually do homeschooling more
- 20:29effectively now the age of the Internet than you ever could before and makes homeschooling
- 20:34a viable possibility for millions of people. And there's just an article like glanced
- 20:40at said that thousands of schools are getting ready to close in the United States
- 20:45because there's no students there. So you know, that's when you know,
- 20:49when private parties sell a product, unless they're a monopoly, if you don't
- 20:56like it, you don't buy it. But when the government's selling it,
- 21:00you know, I have a choice, and you got to subsidize it and
- 21:03prop it up when it's failing. So interesting case of what's happening there.
- 21:08The New York City Teachers Union was always on the total extreme. That's where
- 21:15rand Garden came out of. Our predecessor, Albert Schanker, was the first
- 21:21teacher strike. Milton Friedman always said once teachers unions became trade unions instead of
- 21:29affinity organizations, that education started going downhill. They stopping a professional association and
- 21:37then just became an irresponsible industrial trade unise. The Albert Shankar I knew from
- 21:41the Trenlateral Commission. He was a charming man to have a dinner or drink,
- 21:47so very brillight. But he made a complete cynic. You have big
- 21:52plan, but the few drinks needed knowledge what he was doing. He was
- 21:55just taking the country for a ride and ailed with the children. U goes
- 22:00back from bark Well, Lord Black, I really appreciate you coming on the
- 22:06show. Here. It's my pleasure. Yeah, it's uh I look,
- 22:11can I I just put in a one plug for my book here and please
- 22:15yeah, I was going to ask you about your book. I just got
- 22:18a hold up here if I can here it is. This is Moses Socrates,
- 22:22He's Alexander the Great and Julius Caesar gets volume one. This is my
- 22:26big historical work in my career. And I'm two thirds of the way through
- 22:32volume two now writing it. But the political and strategic history of the world.
- 22:36Now it sounds like a pompous and absurd title, and it's a big
- 22:38book. But you can actually this gets us up to the Emperor Augustus.
- 22:45You can actually put it in there. You read it, take ten years
- 22:48reading it to be want read it from back to front of her any way
- 22:53you want, and it's all there, and you can see how we got
- 22:56the how we where we are now. And it's my delia the gainst this
- 23:00theory that to understand a really significant amount of history you have to read twenty
- 23:06or thirty volumes like some of these ones behind me in the shelf here.
- 23:10So true. Hey, well, that's the purpose of the original purpose of
- 23:15a liberal arts education was to read all those important books, key books.
- 23:22Yep, because freethinker, critical thinker. But somehow we went off the rails
- 23:26in this country, in any event, and now we have a we're all
- 23:30experts and gender studies puful things, you know. You know, I wish
- 23:37nobody can make a living in Yeah, of course not. We'll have a
- 23:40link to the book in the show notes. This interview on Financial Survival Network
- 23:44dot com. Lord Black, thank you again so much for coming on.
- 23:48Been a real pleasure, highlight of my twelve years of doing this. Yeah,
- 23:52look the pleasures mind. I hope you'll invite me on again. Thanks
- 23:56for listening to carry Letz's Financial Survival Network, your solution to today's trying times.
- 24:03For the latest, go to Financial Survivalnetwork dot com. Financial Survival Network
- 24:08now more than ever