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Sept. 15, 2022 - Health Ranger - Mike Adams
01:41:04
Situation Update, Sep 15, 2022 - How to find PEACE in a time of global WAR
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All right, folks, welcome to the situation updated.
It's someday in September.
I think it's a Thursday.
I don't know.
My schedule's all upside down.
And I apologize for using one word of profanity yesterday without bleeping it out.
That was my fault.
I had to say it.
It was the perfect word at the perfect time during that interview.
But I forgot to tell my editor to bleep it out.
So it was in there.
Sorry if I burned anybody's ears off with that one.
But anyway, that's okay.
We move on.
And although we do have some serious topics to get into today, which we're going to in a minute, and we have an amazing interview coming up, assuming that that interview happens.
It's very, very late at night, my time, because I'm interviewing an economist from Western Europe.
Well, or maybe it's more like Eastern Europe.
Anyway, we're going to find out, and this economist is going to give us the lowdown on what's happening in Europe from a local perspective, so I'm very much looking forward to that.
But just to start off with a little bit of humor, I don't know if you heard my extra podcast that I put up yesterday, and it was talking about how we're catching the Mandela Effect in real time.
And you know the Mandela Effect is about People have memories of things that did not, apparently, officially did not happen.
Like, people have a memory of the Fruit of the Loom logo containing not only grapes, but also a cornucopia.
And then you find out, well, that cornucopia never existed, was never part of the logo, but everybody remembers it.
Yeah, that's called the Mandela Effect.
Hundreds of examples of this, and we're trying to get an expert on for an interview to talk about the Mandela Effect.
Anyway, I was saying that We're watching them roll out the Mandela effect in real time, kind of twisting reality, by claiming or showing in the movies and the TV series and so on, that all the heroes now, all the action heroes are women.
Like every one of them, it seems.
It's not just Sigourney Weaver in Aliens 2, because, let's face it, she was pretty awesome as the lead female character in Aliens 2.
I mean, yeah.
And also, you know, Sarah Connor in the Terminator series, especially Terminator 2.
She was pretty awesome.
That girl worked out.
But these days, it's as if every movie has to have a female action figure who is good at guns and good at fist fighting and good at jiu-jitsu and breaking people's arms and throwing them around and everything, even when they weigh twice as much.
And I was joking that one day you're going to have a memory that, oh, you used to watch a movie called Rambo.
You know, Rambo First Blood with Sylvester Stallone.
And I said, no, they're going to change all that.
They're going to change history.
It won't even be Rambo.
It'll be something else.
And I missed the perfect opportunity that I wanted to give you here.
I should have said they're going to go back and change the name of that movie and they're going to make it a transgender action hero who is a woman pretending.
No, I'm sorry, a man pretending to be a woman.
And they're going to call it Mambo.
Right?
That's...
Oh, I can't believe I didn't put that into that podcast, so I had to do it here.
Mambo!
It's Mam!
And, you know, with a bow and arrow, or with an M60. It's Mambo!
And the Mambo just, like, kicks ass and destroys, you know...
Like in the movie, he was at war with the local sheriff's department, I think, in some small town USA or somewhere.
But, yeah, trust me, the whole memory of Rambo is going to be wiped out, so somebody tell Sylvester Stallone to try to erase him from history.
I'm even thinking, you know it's my secret wish...
To have been the founder of Babylon Bee, right?
Like, I want to work there because it's just so much the thing that I do, which is mocking and making fun of things.
I mean, I'm more a comedian now, it seems, at least in my own mind.
Maybe a lot of people don't find it very funny, but whatever.
Philosopher slash comedian slash commentator, whatever.
But I interview a lot of people, obviously, as part of my job.
And some people have more serious things to say than others.
And I just want to say for the record, just in case anybody is wondering, I don't always endorse everything that all my guests are saying, obviously.
My job is to ask questions.
You know, my job is to pry a little bit into their philosophy or their way of thinking.
I try to give my guests time to speak, although...
I kind of failed with Dr.
Samantha Bailey yesterday.
I think I took up too much time talking.
That's my fault.
And I use profanity.
That's also my fault.
But my overall goal is to give my guests time to speak.
And not to argue with them, by the way.
You don't hear me arguing with guests.
I don't debate with them.
I'm there to hear what they have to say and then to add, you know, okay, that's interesting.
What about this?
What about that?
What do you think about this theory?
Like I was asking Dr.
Bailey a theory yesterday, you know, about the spread of COVID and she had a good answer.
She said, you know, I'm not...
I don't have solid information on that, so I can't say.
That's a really honest answer.
And I appreciate guests that are willing to just say, hey, we don't know yet.
Because I say that sometimes too.
We don't know yet.
People are asking me about these clots.
What are these clots?
I don't know exactly.
I know what they're not.
They're not made of red blood cells, that's for sure.
But I'm not sure exactly what else they might be.
So anyway...
There are also, of course, shows on brighttown.tv and brighttownradio.com, and we have over 50 hosts at this point.
Over 50 hosts.
And they're amazing.
So many amazing hosts.
And yet, I can't say that I agree with every single thing that every host says or every guest says, and I can't even monitor all that, nor would I want to.
I can't watch all that.
You know, it's a platform.
It's a platform for free speech.
And there's going to be some differing opinions on there.
Even differing opinions about virology or history or, you know, politics or what have you.
And I've taken heat, too, for saying things like, hey, you should vote for Dr.
Oz.
Well, I mean, look at the alternative.
It's Fetterman, or as he's being called now, Fetterneck, because of that giant lump on the back of his neck that no one's sure what that is.
But I think I know what that thing is.
By the way, there was...
I forgot the name of the movie now, but there was a movie back in the 1980s that Arnold Schwarzenegger starred in the movie and it was set on Mars.
I think it was a Philip K. Dick novel that was turned into the movie, right?
And they were on Mars in a mining operation on Mars and they were all being enslaved by these tyrants or what have you.
And then the Arnold Schwarzenegger character interacted with Like the underground leader or something?
And the underground leader had a lump in his abdomen, and the lump was another being.
And he could make the lump come out, and it came out, and it was like a Yoda-looking creature.
But it talked in a real slow voice, too.
It was like giving commands, like, you need to do this or whatever.
Remember that movie?
That was crazy.
Yeah, it was the movie where you go in and they implant memories in your head, like a vacation, so they give you the memory of a vacation.
Again, the name escapes me, it'll probably come up later, but I think this is what John Fetterman has.
I think John Fetterman has another being living in his neck.
And then the question becomes, if you vote for Fetterman, are you voting for that thing too?
And what does that thing believe, you know, philosophically speaking?
If Fetterman is a communist, what's the thing in his neck?
Is it human?
Does it have plans to conquer and colonize Earth?
When are we going to hear from the neck thing?
No, seriously, what is that?
And I know people are going to say, that's mean.
That's mean.
He shouldn't talk about his neck.
He has a medical condition.
Okay, I get it.
Well, then why doesn't he talk about it?
Everybody's looking at the lump on his neck.
Shouldn't he say, okay, hey, here's the deal.
I got a tumor or whatever.
I mean, Dan Bongino talked about his tumor on his neck.
He talked about it publicly.
He's been very transparent, very open about it.
Why can't Fetterman just say, yeah, this is what I'm dealing with?
But I guarantee you, if it comes down to a conversation of health and medicine, Dr.
Oz is going to win that debate hands down.
Or at least we might say from the neck down.
I'm sorry.
Okay, but yeah, I apologize.
Sometimes I do go a little bit too far with the satire.
We've got to get into some serious topics here, so let me just switch gears and jump into that.
I am absolutely certain...
That there are instigators who are operating right now in the conservative movement, instigators who are trying to whip people into acts of violence.
They're trying to start an insurrection, an armed revolt of some kind.
And they absolutely exist.
They are really working hard to try to make this happen.
And I don't know if they're on somebody's payroll or Or if they've just taken it too far in their own mind, I don't know.
But I want to encourage everybody listening, do not fall for any kind of a call for violence or an armed uprising or a bloody revolution or anything like that.
If you find yourself feeling in some way compelled to act in such a fashion, You should immediately recognize you are being manipulated by bad, dark forces.
And you should immediately reject that.
I can't even tell you how I know this, but I can confirm there are bad actors who are trying to incite things.
And I... And I know that there are efforts by some bad actors to try to get themselves invited onto shows on Bright Town TV or brighttownradio.com or to just use the brighttown.com platform.
I'm becoming aware that there are some actors who are attempting to do this.
And so I'm sharing this with you up front.
Number one, we don't endorse everybody's message that's on the platform.
You know, it's a platform of free speech.
You know, it's protected by Section 230.
We're not responsible for everything that everybody says.
But if we become aware of any instigator or, you know, any kind of bad actor who is trying to whip up violence, we will disinvite them.
Like, sorry!
You are not invited to this platform any longer because you're not going to use our platform to try to strike up some kind of civil war or something like that.
I'm sorry.
That is not what we are about.
We are about freedom and liberty.
We're about democracy and honest elections.
And I do believe the election was rigged, the last one.
Well, probably all of them, come to think of it, for as long as we've been alive.
But nevertheless...
I don't believe in using violence to solve these problems.
Now, I do believe in self-defense, you know, against looters and violent criminals and rapists and what have you, arsonists, whatever, but not going out or instigating or initiating attacks or assault on anybody else.
And so I just want to emphasize to my own audience here, to the extent that I can, do not Ever take part in anything like that because there are going to be efforts to whip it up.
And what's going to happen, I'm learning, is that there's going to be something done soon that's going to anger people like never before.
Now, I thought that was going to be Trump being charged with criminal charges.
And that's probably still coming, even though the DOJ says they're not going to do it right now because it's too close to the midterm elections and there's kind of an unwritten, I think, 60-day rule.
But I wouldn't put it past them to just do it anyway.
Or to do something else.
They're going to do something that is really, really, really going to anger the American people.
And I believe that's going to go along with...
What's the best way to say this?
Plants, not like celery.
I mean, people who are implanted into the information ecosystem to try to call for radicalization of everybody's actions and everybody's opinions and so on.
So there are going to be some pretty radical voices in That are going to say some pretty radical things, and some of them are going to call for violence, probably.
And some of them are going to say things like, oh, this is the moment, you know, like, now or never, do or die, you know, grab your guns, blah.
That's going to happen.
And when that does happen, because I'm certain that's going to happen, that should be your red flag reminder in your own mind to say, whoa, wait a second.
We're being manipulated.
This is being engineered.
Anger is being whipped up on purpose.
And it would be a great idea to, you know, reject that violence and then watch your home situation very, very carefully because there is going to be a lot of violence in the streets.
And by the way, one of the things they could do is an economic ICE 9 scenario, the freezing of banks, just saying, a bank holiday nationwide.
Nobody can use their banks anymore.
No food stamps.
Boom!
Violence all over the streets.
Not even conservative violence.
Just violence from desperate, starving people.
Because plenty of people on food stamps are not conservatives, by the way.
Probably even the majority come to think of it.
But there's going to be violence in the streets of America.
There's going to be looting.
There's going to be desperation.
Lots of homelessness and so on.
And those situations can be easily exploited by the dishonest media or even the dishonest White House to say, look, it's an insurrection when maybe it's actually a mob of 5,000 starving people who need food or something.
Maybe you could solve the problem with a food bank.
Instead of declaring an insurrection or something, you know what I'm saying?
But bringing guns to that thing is not gonna help anybody.
If anything, bring some baked beans.
You know, bring some nutrition.
Probably gonna be some hungry people.
And that's what I intend to do, by the way, because I own, you know, Health Ranger store, big food operations, storable food, organic food.
You know this.
And I intend, see, I've really come to understand the importance of each of our contribution to society as the system crumbles.
And I know, because remember, I used to interview cops all the time.
I did little booklets based on interviews with cops about how to prevent crime.
I used to train with cops in Arizona.
I actually trained.
I taught a bunch of cops knife defense, by the way, like how to not get stabbed by bad guys with knives and things like that.
But even cops know that as society gets more and more desperate, as it breaks down because people are hungry, there's going to be more violence and more crime and more chaos.
And so if you want to help your local community, you've got to figure out a way to prevent people from becoming desperate.
And sometimes the answer to that is, well, just food.
Like having food banks.
And so...
I mean, I've given to food banks in the past, after hurricanes and all kinds of things.
We've donated $100,000 worth of superfoods before to San Marcos Food Bank, by the way, in Texas.
That's one example.
And that was in conjunction with another manufacturer that was providing us some of that.
And we took care of distribution.
We added to it.
We donated a bunch of vitamin C. The non-GMO vitamin C to, I think it was a Native American Indian tribe operation.
We've donated money to earthquake victims, money to flood victims, money.
We've written $20,000 checks here and there following disasters and so on.
And it's because you realize, hey, if you want to live in a society full of people that you can actually coexist with, You need to help out when times are desperate.
You need to be able to lend a helping hand.
And God has blessed me with so much in terms of being able to purchase, you know, millions of pounds of food at a time.
And so thanks to your support, I should add, by the way, thank you.
And so when the day comes, like if the economy breaks down, which I think is coming, And people can't go to the grocery store because the transaction system doesn't work.
Banks aren't working.
ATMs aren't working.
Credit cards aren't working.
Whatever.
Food stamps aren't working.
And I'm sitting on a warehouse full of food.
What am I going to do?
Well, I'm going to call up my friend, the sheriff.
You know, hey, sheriff, guess what?
We gots to feed these people.
I mean, seriously.
Send trucks.
We're going to load this up.
We're going to have an organized food bank.
I'll have a couple of sheriff's deputies out here.
For security, because people are going to be desperate, and I might have to give them some rifles and maybe some ballistic armor, too, because they may not have ballistic armor.
They're not actually well equipped.
You should know this in rural Texas.
So part of the reason I have ballistic armor is to give it to sheriff's deputies when the time comes to secure our community, by the way.
So I'm going to be running food giveaways with security, with, you know, dudes with rifles who are part of law enforcement.
And why?
Why?
Why?
I mean, it's going to cost me a whole lot of money?
So what, man?
When the time comes, you've got to choose.
Are we going to collapse as a society and have violent starvation and crime and desperation all over this city?
Or, guess what?
You know what?
I'll just give up.
Hundreds of thousands of dollars in inventory, and then fewer people will die.
I mean, it's an easy decision, in my view, anyway.
And again, I'm so thankful I've been blessed with the ability to control such resources to where we could make an impact.
I just wish we could make a larger impact.
I really do.
I wish we could, you know, I say I wish we could feed the world, and actually it comes down to Empowering the world and creating liberty around the world because when people are free, they can feed themselves.
You know, the starvation problem around the world is not so much a lack of food, it's a lack of liberty and also a lack of honest money.
If people could keep what they earned and the money wasn't just or the currency wasn't being devalued all the time.
Then, you know, everybody would be wealthier and everybody would be able to afford more food and people would have fewer problems and less desperation and food stamps and so on.
I mean, it's a very sad day in America when you hear that our soldiers have to be on food stamps.
Are men and women in uniform fighting for America?
Have to get on food stamps while we're sending billions of dollars to the Zelensky regime in Ukraine that is also not helping the actual frontline soldiers in Ukraine?
It's like everywhere you go, there's all this money being thrown around, but the soldiers are always hungry and getting screwed in these deals.
You notice that?
Soldiers are the last people to get the money.
They're not seeing any benefits of this.
It's going all to the politicians and the bureaucrats and the money skimmers and whatever.
You know, the weapons smugglers, international smugglers.
It's crazy.
But yeah, I do, in my heart, I wish I could feed the world, but I know the only way to get there is to free the world and have honest money, really.
Just handing out food to everybody on the planet doesn't solve the problem.
You've got to make people free and have honest money and teach how to grow food, how to have permaculture, teach how to have sustainable systems where the sunlight and the water and the seeds can provide for generation after generation after generation.
That's a much bigger goal and maybe a lot more difficult to achieve.
Now, real quick, talking about the subject of instigators, some of these instigators that are trying to push America into violence are themselves Democrats, and one of them is a Democrat Congressman, Tim Ryan.
And he now infamously said, just the other day, that he wanted to kill, what did he say, was it the MAGA movement?
He said something like that they need to kill the MAGA movement or kill...
I forgot the exact words, but it was definitely kill and then MAGA. And maybe he was saying, you know, got to kill the movement, or maybe he was actually calling for violence against the, I don't know, conservative people themselves.
But I'm sure he's probably walked that back by now and tried to clarify.
But you got to be cautious with that.
I think we all have to be cautious at this time in history, even, you know, the word fight, right?
So we say, oh, we're willing to fight for America, politically speaking.
Well, some people think fight for America means, you know, go out and carry signs and have bumper stickers and yard signs and whatever.
That's fighting for America.
Other people think fighting for America means, you know, picking up rifles or something.
So it's good to clarify as times are becoming more and more unrestrained and people's emotions are popping off like crazy.
People are nuts now in the gas stations, in the stores, on the road.
There's a lot of angry people in the restaurants.
Have you seen some of those crazy fights in the restaurants?
People throwing chairs and everything.
And like slipping and sliding on all the food on the floor.
That's crazy.
It's like a very dangerous food fight.
So given the context of where we are, I just want to encourage everybody, I got to remind myself too, that, you know, use words with more caution in this time.
Don't just say, hey, it's time for everybody to go out and fight.
Because what do you mean?
Are you saying riot?
What exactly are you saying?
Just encourage people to be calm and don't fall for the provocations by people like Tim Ryan, Congressman Ryan.
Because I think that the Democrats, they really want to anger conservatives right now and get conservatives.
To over, I don't know, over-initiate some kind of violent reaction of some kind.
And Babylon Bee had a headline the other day that was really funny.
I think the headline was saying, like, the FBI, and by the way, this is Babylon Bee, so it's a satire website.
Like, the FBI is concerned that if conservatives don't start an insurrection real soon now, the FBI will have to start one themselves, right?
Like, that was the Babylon Bee headline.
And it's kind of like, well, is that even satire?
Or is somebody trying to start something?
I'm just saying, don't get suckered into it.
You're going to have a hard enough time surviving all the desperate people.
You're going to be busy just helping people and helping your local community.
You don't need a war, like a kinetic war, on top of all of that, trust me.
You're going to be plenty busy.
It's keeping people fed.
And finally, on that line of thought, just remember that prepping does not make you an instigator.
And I need to remind law enforcement about this as well.
Prepping, or people who are preppers, yeah, they may be stockpiling ammo or gold or silver or, I don't know, guns or even whatever, emergency medicine.
Or even, you know, toilet paper for that matter.
Hoarding toilet paper does not make you a violent person.
It just makes you a comfortable person when the system collapses.
Having supplies is not a bad thing.
Having supplies does not make you violent.
And having supplies does not make you an extremist.
Even if you have lots of supplies.
See, what I've come to find is that the more supplies you have, it just means you have a bigger vision of how many people you plan to help.
That's all.
At some point, you have more than you need for one person, right?
Like I have that 55-gallon drum of isopropyl alcohol that I've talked about here.
I'm not going to use that much alcohol on myself.
Am I going to have scratches like every hour of every day?
Am I going to need to just douse myself with alcohol for some reason?
No, that's for other people.
I might not need any.
That's for everybody else.
So the bigger your preps, it's just you have a bigger vision of how many people you're able to help.
And that's actually, that's compassionate, you know?
That's helpful to society.
And I hope you realize, folks, there's one other thought on this, and I'll wrap up this particular topic.
I hope you realize that if we get nuked by Russia...
Do you realize at all the differences, or at least a lot of them, between, let's say, Democrats and Republicans or left and right or transgenders and cisgenders or whatever, you realize a lot of those differences are just going to vanish overnight because it's going to go into a mode of, holy cow, we've been nuked.
Like, people are dying.
People need help.
What do we do now?
I mean, we're Americans.
We're going to pull together.
And I don't know about you, but in my mind, let's say Russia nukes a major U.S. city.
Well, that city is going to be mostly probably Democrats just by definition.
Does that mean that I'm not willing to help them?
No, of course not.
I'm going to go in and help as many as I can.
You know, I'll bring in supplies.
I've got that patented cesium eliminator.
That can help remove radioactive cesium-137 from the digestive tract.
Look it up.
It's in the U.S. Patent Office.
My name's on the patent.
And it pretty much gives you the formula right there.
So you can make it yourself, too.
But I'm going to help as many people as I can.
I don't care if they're Democrats or Democrats.
Or transgenders?
You know, hey man, if there's a transgender person that is dying from radiation that I can help, am I going to help them?
Absolutely, you bet I am.
LGBTQIA? I mean, am I going to help the pedophiles?
Probably not.
I mean, that's, no, there is a limit.
I'm not going to help the pedophiles, but I will help People who don't harm children.
How about that?
There's my line in the sand.
If they're gay, lesbian, it doesn't matter to me.
I'm going to help them out.
Just not the pedos, okay?
Not the pedos.
We'll let the pedos actually just let nature take its course on them so they don't come back and harm children, you know?
But that's my take on all this.
We've got to be ready and willing to help as many people as we can for the most part.
America may get nuked.
We may be in a very dire situation where everybody has to play a role in surviving, even as a nation, not just individually.
That's my take on that.
Let's shift our attention to Europe here now for the rest of the podcast, because we're going to have on...
Finnish economics expert Tuomas Malinin is his name.
He's going to be joining us here shortly with what looks to be, I think, a pretty exciting interview.
But first, RT is reporting the following, quote, They're actually citing the Financial Times, it looks like.
So, in essence, the United Nations is begging Russia to export fertilizer so that Western European nations don't suffer a food collapse.
And I'm just thinking, well, didn't they think of that before they committed the economic sanctions against Russia?
Did they not realize that food comes from fertilizer, or at least partially, and fertilizer comes from, well, ammonia, and ammonia comes from natural gas, and natural gas comes through Nord Stream 1 via Gazprom, i.e.
Russia?
Did they never connect the dots on this?
Did they just say, oh, let's cut off Russia, ha ha ha, Russia, suffer.
And then they're like, whoa, we don't have anything to eat.
And we're freezing.
How did that happen?
It's so astonishing to me when people don't think about where things come from.
And we saw this with the electric vehicle propaganda in the United States.
I think it was a General Motors electric vehicle demonstration of some kind.
Remember, they had an EV car plugged in right next to a building.
And the reporter asks the publicist, like, hey, where does this electricity come from?
And the General Motors publisher says, well, it comes from the building.
See, right there.
It's plugged into the building.
Isn't that cool?
And the reporter's like, no, no, no.
Where does the building get the electricity?
Oh, we don't know.
We don't know that question.
Where does the building?
Who knows, right?
It's as if a lot of people are only capable of thinking one step up the supply chain instead of five or six steps.
Where do all these things come from?
How does electricity get to your wall outlet?
Most people don't realize how much has to happen globally for electricity to get to you in a usable form and that that electricity was generated just a few milliseconds earlier.
Electricity is produced, distributed, and consumed in fractions of a second.
Well, how does that happen?
Well, it's a very complex thing, it turns out.
And even the question of food.
Well, where does all this food come from if you're walking around the grocery store looking at all the food?
You know, look at the carrots.
It's awesome.
You know, and you've got the donuts over here and the bread.
People don't think about, well, where does all that come from?
How do you get the wheat?
Well, you have to have agricultural equipment, right?
You've got to have seeds.
You've got to have tractors with diesel engines, and the diesel's got to come from somewhere, too, and the rubber tires.
Rubber's got to come from somewhere.
There's no rubber in Iowa.
So where does the rubber come from, right?
People don't think about this.
This is why the Pentagon is mystified by the fact that the F-35, now the deliveries have been shut down because they found that too many components come from China, the rare earth metals, and it comes from China.
Oops!
How's that going to work if you're at war with China?
It's not going to fly, literally, in the case of the F-35.
But if there's any silver lining coming out of this current situation, it's going to be that A whole lot of Europeans are going to get a very, kind of a lifelong lesson in supply chain economics, which we should just entitle, like, where does crap come from?
Or stuff, if you want to use that.
Where does stuff come from?
How does it get here?
Where does the water come from?
Electricity.
Energy.
How are we heating our homes and businesses?
How is that happening?
It's great for people to understand these things because then they wouldn't be making such crazy virtue signaling types of decisions like, hey, let's just shut it all down and call ourselves green.
No, you're not green.
You're blue because you're freezing.
Your lips are blue.
You're turning blue because you're freezing and starving, actually.
It's not green.
It's blue.
You know, all the pro-green climate people would say, yeah, let's just shut all things down having to do with hydrocarbons, and then we'll just be green.
But the other part of that equation they forgot to consider was, well, where are we going to get electricity and heat and fertilizer and ammonia and food and transportation?
Where's all that kind of come from?
They just kind of skipped over that.
Don't worry.
We'll just say it's good.
Don't worry.
You know, we're the good guys.
We care about the planet.
The planet will be so much better off that you don't have to worry about where these things come from.
That's the basic premise of a lot of decisions in the green movement.
And look, I care about the planet probably more than most, actually.
I care about...
Sustainability of humanity.
You know, I care about reducing pollution.
I'm one of the few that even talks about pollution, like microplastics and heavy metals and all of the hormone disruption chemicals that are in the food supply.
Yeah, I talk about that.
Environmentalists don't talk about that at all anymore.
They don't care about pollution of actual pollutants.
They just want to dim the sun and take the CO2 out of the air.
But the whole premise doesn't work.
If you want to go green without dying, you have to have a meticulously planned out long-term transition, and you need some major breakthroughs in green energy and the density storage capabilities of battery systems, which doesn't exist yet.
You need about two to three orders of magnitude better density of energy storage in batteries in order to have more of a green economy.
And it's just, we're not there.
So it's going to take time.
And you don't shut down the current system until you have the new system ready to go, right?
I mean, if you're sane.
But Germany just, no, don't worry.
We'll shut down the current system and we'll just fake it.
Well, now they're going to freeze.
Now their industry is shutting down.
Now their people are going to suffer tremendously because they wanted a virtue signal.
Well, okay.
I mean, a lot of these people, they dyed their hair blue, but this winter, their lips will match, because their lips will be blue, too.
It's going to be the blue lips German winter of 2022-2023.
We'll see how that goes.
And I bet you virtue signaling is going to be strongly reconsidered by the time the spring thaw comes.
And they find that, hey, there's a lot of bodies there under the thaw.
What happened?
We lost those people during the winter, sadly.
And now, with the spring melt, we're finding out the true costs that not only do these people die, but our economy died as well.
Not a good situation.
Maybe they should have thought of that.
I don't even understand.
You know, Germans are great engineers.
They're wonderful engineers.
Germans are very, very capable people in terms of cognitive function and planning.
How did they not plan for this?
How did they not see that cutting off energy from Russia would cause this problem when they are almost entirely dependent on Russia for energy?
Hmm.
Can't even see two steps up the supply chain?
Well, you know, not very good at planning after all.
It turns out You know, if Germany had a bumper sticker, it would be Germany destroying Europe since World War I and perhaps earlier.
That's what the leaders of Germany, I'm not talking about the people of Germany, but the leaders of Germany have been very effective at destroying Europe over and over and over again.
And now they've figured out a way to do it yet again by cutting off energy and then, you know, demanding it from all the other countries.
You bail us out.
Really?
That's their plan?
Okay, crazy.
But I tell you what, let's talk to somebody who lives close to that.
He lives in Finland.
This is our guest interview for today.
Well, he goes by Thomas in English, but Thomas Malinan is his name.
And this is the first interview I've had with him, so we'll see how it goes.
Should be fascinating.
And he'll have a much closer perspective of what's happening in Europe, and we can see if anything I've said makes any sense.
Or not.
Okay?
Let's go to that.
Welcome, everyone, to this first interview we've ever had with a Finland-based economist, and he's the CEO of GNS Economics, a company that says our mission is to make black swans gray.
His name is Thomas Malinan, and he joins us from Finland in this, I think it's going to be a very enlightening interview because Mr.
Malinan has put out some tweets recently that talked about what he believes is coming for Europe.
At least Western Europe in particular due to the energy scarcity and other economic conditions.
And it's not a pretty picture, actually, for those folks living in many of those countries, including Germany.
So, Mr.
Thomas Malin, thank you for joining us.
It's an honor to have you on, sir.
Thank you.
It's an honor to be here, actually.
Well, I tell you what, our audience loved what you had to say, simply because you don't seem to self-censor.
You're not a politician.
It seems to be that you're saying it like you see it.
So how would you sort of give us an overview characterization of how you're seeing the approaching economic reality for Western Europe for, let's say, the winter or the next six months or so?
Well, to be short...
And strict somewhat.
Western Europe, we have had this issue with the common currency of the euro for quite some time.
And it has caused...
It has basically led to the point where...
When the Fed started the quantitative easing, started to buy treasuries, there was a lack of a few years before the European Central Bank followed.
And the stated objective of the quantitative easing in Europe was to increase inflation pressures and yada yada.
But in practice, what the ECB did Was that it started to support the sovereign debt market of Eurozone.
And we had the European debt crisis in 2012, which was actually a banking crisis in France and Germany, who had led quite heavily on Greece and Portugal and Spain.
And then they used the rest of the Eurozone to build their banks out.
It was the I think this was the most dishonest bank bailout operation in the history of mankind.
But anyway, we are now facing a threat from the war, naturally, which is, through sanctions and all, has caused quite a notable energy crisis, which is likely to get much worse in the winter in Europe.
And in addition, the European Central Bank is trying to get out of the quantitative easing, which is not going very well.
I'll just check the balance sheet of the ECB, which has grown by 13 billion dollars, euros actually, in a month.
And we are suspecting that they have gone into the sovereign debt of Italy to support it, basically.
So, the situation is...
We have a massive energy crisis.
The energy prices have risen by tenfold in many places.
Households are suffering.
Corporations are shutting down their production.
And we're heading into some very deep economic recession.
I'm talking about depression.
And in addition to that, we are threatened by the banking crisis and the sovereign debt crisis, which could lead to the collapse of the eurozone.
A massive currency crisis.
And these may all come ahead within the next, let's say, six to nine months.
And people then to be completely unaware of the, especially in the US, of the shock we are facing.
It's like they are looking at the light And the end of the tunnel, not understanding, and it's a freight train coming to you.
Exactly.
Now, you're mentioning, if I could paraphrase what I think you're explaining here, not just one black swan type of event.
And for our listeners, they know, but I'll repeat it.
You know, a black swan is an unpredicted, even a non-modeled event that blows away the simulations.
It is so far outside the zone of what could be expected, and it can't be modeled.
But you're talking about multiple black swans, it sounds like, or at least two.
So one of them is the energy scarcity in crisis stemming from the economic sanctions on Russia and the shutdown of Nord Stream 1 by Gazprom.
But then the other one is, as you say, what appears to be the ongoing, lingering, poor economic decisions, or you could say unsafe economic decisions.
crisis of 2012, which was never really properly resolved.
And now the bank, the ECB is stuck trying to reduce the money supply when industry and consumers across Europe are begging for bailouts because of the energy crisis.
Is that an overview that makes sense?
Yeah, it is.
And we have, of course, a runaway inflation here too, like in the US. Right.
But it's getting worse here because in the US, CPI, the annual change is somewhat stabilized, a little above 8%.
It's growing fast.
It's already past 9%.
And I'm expecting that by December, January, we get to double digits.
Wow.
So we have that too.
And now it seems like there's speculation of ECB, the biggest hike in its history.
Past week, 75 basis points.
And people are expecting they will continue.
So the households are enormous pressure.
You know, you have the energy prices, electricity prices.
Then you have inflation eating up your real incomes, and then you have the interest rate shock, too.
Yes, yes.
It's like Europe is currently hit on basically all fronts that you can be hit from an economic perspective.
So it's a perfect storm, actually, which is gathering strength here.
Sorry, if you listen to our politicians say, They seem to be completely out of touch with what's coming.
It's really scary, actually.
Well, absolutely.
I've noticed that too, where a lot of the politicians in various European countries believe that, oh, well, we can just hand out more stimulus money to people to cover their electric bills.
Well, you know, you can't print electricity.
You can't print natural gas.
And then I'm watching, for example, a warning letter from one of the groups that represents the metals industries, copper smelting, aluminum smelting, iron ore, steel, and so on, issuing a warning saying, essentially, we need bailouts from the EU or this industry essentially, we need bailouts from the EU or this industry will suffer what they said, quote, permanent deindustrialization, permanent.
Permanent.
Not just a bad winter, but it's gone.
Yeah, yeah.
You know, the aluminium smelters, I think the production is down some 50% already in Europe.
Yes.
And this will have global repercussions to supply chains.
And the thing is that, like, most people in the US do not understand, that there are this term, global systematically imported banks.
There are 30 in the world, 7 reside in the US, but 10 in Europe.
So, when we had the last financial crisis which started from the collapse of the housing sector in the US, seven global banks caused the collapse of the global financial order.
We have 10 in Europe.
And if you just imagine what kind of hit those banks are going to take, With all the corporations and the households and all that are starting to default in the Eurozone and Europe in general.
So the problems in Europe will be transmitted to the US, not just through energy prices, but also through the banking troubles.
And this is something that I don't think the good people of the United States have really understood.
Well, that's a really important point.
I've been talking about this for a while.
Sorry.
No, I'm saying that's a really good point.
A systemic banking risk at a global scale because, yes, U.S. banks have exposure to debt instruments from European banks, and also U.S. banks have exposure to European corporations and their debt instruments as well.
And so here's something I wanted to ask you along those lines.
It seems like there are now increasing calls all of a sudden in the last week for what we can essentially say would be the nationalization of utility companies in European countries.
So, you know, if you want to really destroy the efficiency of a corporation, let the government own it and run it.
How could this possibly make, for example, electricity production more efficient and affordable?
Well, no way.
Of course, it will not.
And the thing is that we have a long experience with socialism here, like we had the DDR, Soviet Union, all those completely failed projects.
But there's a thing which has been bugging me or worrying me since past summer, actually.
And it's an agenda term as the Great Reset.
And the past fall, we started to get so worried, so we decided to do an analysis, what it is.
And based on the publicly stated, you know, objectives of the creators that we got really, really worried, because when you do the analysis, looking, for example, the book of Thierry Maledet and Klaus Schwab, the analysis leads to a point where They're effectively trying to create a union between large corporations and governments.
A union of large corporations and governments, which is better known as fascism.
Yes.
So fascism is not something you throw people on camps.
No, that's different.
There's a different term for that.
But fascism is a union of alliance of corporations and governments.
This is actually what could be forming in Europe through the crisis.
So companies taking a larger share of the corporation, becoming stakeholders, if you may, and they form this kind of alliance above the economy.
And the thing that I'm currently pondering all the time when we're actually writing on new forecasts, which we are updating actually.
In December 2019, we published a kind of a classic piece on the stages of the collapse, which We describe the stages, how did we see the global collapse going?
And now we're doing an update on that.
And it seems that when we are writing it, We have to kind of make two scenarios on it.
So first one is, this is how the crisis would proceed if we would follow the economic logic.
And then there's this other, like, create-reset path.
So this is how the crisis will proceed if the create-reset agenda is really driven through all the stages.
And it's a very, like, schizophrenic thing to write as an economist.
But the thing is that when you look at all these developments within the last two to three years, you really cannot...
It's a...
It is a conspiracy theory, I know.
But from the publicly stated objectives, like I mentioned, you all...
Sorry.
You already see that there is a really, really worrying angle on it.
And the thing is that we have to acknowledge the possibility that the crisis at least is creating opportunities to take the great results forward.
I would not go so far to claim that the agenda has driven us up to this point, but at least they are using it again like they did with the coronavirus.
Well, what you're pointing out, I should remind our listeners, and perhaps you and I both, that there can be a fork in the road of history as it is unfolding in front of us.
There can be a pivotal event that can radically change the future or can choose between two possible futures that are very different from each other, as you said.
Exactly.
The things that are happening in the world can create opportunities for those who wish to pursue the Great Reset to accelerate their agenda, which appears to be global economic control and currency control as well.
It seems like they need the fall of the sovereign currencies in order to be able to roll out more of some type of global currency or perhaps, you know, special drawing rights, SDR-backed, I don't know, digital wallets of some kind. I don't know, digital wallets of some kind.
We don't know what it's going to look like, but with the massive money printing that's taking place seems to feed right into that.
In the United States, we're at almost $31 trillion in national debt.
And that does not count, of course, entitlements, which is what another, like, I don't know, $90 trillion on top of that or something.
And the ECB is on a similar path, but not the same scale.
So it seems like it's leading to the Great Reset, whether we like it or not.
Yeah.
Yeah, this is something that, you know, I'm a classically trained economist.
I wouldn't like to think about these things, but I've been forced.
But when you start to think, why didn't the Fed...
Quit the QE on the first attempt.
It accomplished what it's planned to do.
It stabilized the finance and markets and all that when they started in late 2008.
And the first QE ended somewhere in 2010, I think.
There is no point of continuing it.
Absolutely no reason.
And the European common currency has become a trap.
It was a It was a speculated, another conspiracy theory, when the euro was created, that this is a trap to create a federal union within the European Union.
And it has proved to be such.
And the ECB has played that role quite nicely, let's say.
But the thing is, there's a good point.
Why so much money printing?
In Eurozone, it's because they have tried to sustain the stability or buy government's time to get their fiscal houses in order, which never happens.
If you provide politicians with free money, he or she will distribute it and not cut and do all those difficult stuff.
That's how politics works.
The issue with the sovereign currencies is an intriguing one.
We really have to watch and see what comes out.
Eurozone is really a crucial thing.
If you just think that the Eurozone would unravel, it would be currency crisis with no parallels in history.
It would be an epic event.
And I think everybody's doing everything to stop that from happening, but it will require that we will turn into a federal union in the EU. Wow.
Okay.
I've got more questions for you on that, but I'd also like to mention some of your websites for people who want to follow your work.
You're on Substack.
The subdomain for that is mtmalinin, which is M-A-L-I-N-E-N. So it's mtmalinin.substack.com, folks.
You want to check out his articles there.
Also, Mr.
Malinin writes for the Epoch Times.
And you can find many of his articles there.
Just search for his last name.
You get to his author page.
Also, you're an associate professor at the University of Helsinki.
That must be interesting to go into academia and teach classical economics these days in the middle of magical money theory, as I call it, MMT. Well, I don't.
I don't teach at the University of Helsinki anymore.
This is a Finnish peculiarity.
I hold the title, but I'm not working there anymore.
But it would be interesting.
But we have actually...
Quite harshly parted ways with the University or with University of Helsinki.
I actually received an email a year ago, more or less, from the Chancellor of University of Helsinki asking me for not to use University of Helsinki affiliation in my presentations.
And I kind of decided, okay, I will not mention it in all my international interviews, if that's what you wish.
But they got scared.
From my online course on the creator set, it's unfortunately only available in Finnish at the moment, but it was a joke.
You know, the course was based, like I said, on publicly available analysis, which we did within our firm.
Me and another professor and two finance and market specialists, we wrote the damn thing.
And, you know, it was like I am guiding the deep end.
I'm starting to be, you know, in the close at least to the tinfoil I had seen, but my associates are not.
And all agreed on the report when it came out and the analysis.
And But universities have turned from the kind of the beacons of free speech to some propaganda machines, basically.
It's a tragic development, actually.
It's bad here, but I think it's even worse in the U.S. in some cases when you have these ridiculous safe areas or whatever.
Universities are not a safe place.
It's a place to question everything.
And they have really, really kind of...
And I have to mention that in 2020, when I was in academia, I studied economic crisis for 10 years.
They had a course, an online course, with several teachers on economic crisis at the University of Helsinki, at the faculty where I worked, and they didn't ask me for it.
I was the most prominent scholar on the topic in the whole Nordics, but they didn't ask me.
So I have become a persona non grata, an unexampled person, because I question the general narrative.
And the craziest thing is that I've been an empirical economist for years.
Or empiricist, for as long as I can remember, I go where the data goes.
I don't care how deep the hole is when I go.
If the data leads me there, I will go there.
Well, there's the issue.
This is why you are not allowed to teach, probably, because we live in a world that is no longer driven by data, but rather wishful thinking narratives.
And our agendas.
Well, right.
And they teach this belief that if you say something, it makes it true.
Like, if you say that money printing doesn't cause inflation, therefore, it is true.
And it's as if they've thrown out the entire universe of cause and effect, which, of course, the whole field of economics is supposed to be based on cause and effect, with, of course, human psychology intermixed with that.
Yeah, yeah, yeah.
I'm sorry, go ahead.
Yeah, but I have to take up on this too.
You know, I talked with a few Finnish young professionals here, and do you know what is their biggest fear, career-wise?
No.
False allegations by women.
Wow.
First, I didn't really believe it, but then when several came to talk about the same thing, I said, this cannot be happening.
They said, yes, it is.
And this is the crazy world.
This was actually during the Umber Herd Johnny Depp trial.
Our societies have gone so far off the deep end I don't think people even understand.
So you cannot say what you think is right.
You cannot say what you think the data takes you.
And you cannot say certain things to the opposite sex because you might get accused publicly of something hideous and get your carrier thrown away.
So this is an epidemic of...
Of, let's say, losing freedom in the West.
But also, in your field in particular, in economics, I think these days you're not allowed to say that governments cannot control outcomes or that they have failed.
So the narrative must be, well, everything's going to be fine because the central bank is involved and the central bank is God, or because the government cares about us and they would not let bad things happen to us.
And the thing is that it's really about just government taking care of things.
And this is the part of the great reset narrative.
There's always a government-run solution to everything.
Yes.
And that's not how it's supposed to go.
No.
And this is something that You know, there has been a...
Well, we're in the business of forecasting, naturally.
So actually, my newsletter is Tuomas Molina's forecasting newsletter, so you can find it on Google.
But we have had one systematic failure in our forecasts, let's say, during the past five years.
And it has been that we have discussed about it, speculated about it, And some of my associates have really pushed that we should take more into account.
But I didn't really see it coming at first, but it's major government interventions, including central banks, into the market activity.
So if you think, like the spring of 2020 in the U.S., We warned late January 2020 that the coronavirus will spread from China and it could cause economic havoc across the globe.
And then we warned of the stock market crisis or whatever.
But if you had told me, let's say five years ago, that the central bank of the United States We'll bail out the financial markets of the United States.
I would have told you to take a hike.
Right, right.
But it did.
In just a matter of months, the Fed printed, was it, three or almost four trillion dollars?
A completely insane amount of money.
Bail out every major sector of the financial markets.
And people cheered.
Most of that list.
Not understanding what kind of precedent it created for central bank intervention, for socialization of the capital markets and all that.
But I think this goes back to a general weakness that has kind of grown into our societies.
We cannot face, you know, hard times.
Good point.
You try to kick away the recession as long as possible.
But I'm a trained growth economist, actually.
I've been studying economic growth since my master, which is about 18 years ago.
And what we know from that is that if you try to postpone recession, it just makes the recession worse, and it creates zombie companies, it hinders economic growth, the long-term growth, and all that.
But to go through, you know, economy moves in cycles.
So you have the upturn and the downturn and recession and then recovery and all that.
And it needs to go through all the phases to function properly.
Yes.
But you don't want, the people don't want to see crisis.
They don't want hardship in their life.
And that's, you know, like they said in the big book, the path to hell is paved with good intentions, and we are there now.
And I fear, sorry, I fear that the people pushing for the Great Reset Agenda are using this weakness of humans to drive through their agenda, and where you end up is really a place where you are provided all the basic needs, but your freedom is taken away.
You've really hit upon something here that this cultural commonality among economic policies as well as speech policies.
So when the nature of the psyche of Western nations has become so fragile, they cannot handle to hear words that they don't already agree with.
So they get triggered and they de-platform or they censor or they ban somebody.
But the same thing is happening in economics, as you just pointed out.
So no one can handle a downturn.
No one can handle a recession.
No one has any patience to allow even a natural, let's say, brush fire to burn across the banking system and burn out all the dead wood and allow the new growth of the new forest to come back in, even though that's the natural cycle.
Exactly.
So they're all related.
Yeah, and I have to tell you this, that the last course I teach was in the University of Tallinn, was it the Technics University, whatever, in 2018.
It was a macro, empirical macroeconomics.
Really hard course on statistical analysis.
And at the end of the course, a US exchange student came to talk to me about the estimator I have just explained and the massive kind of complications it had.
And she told me that, yeah, but this is your opinion on it.
I said, no, it's a mathematical fact.
Yeah, but you could have different emotions about it.
No, you cannot.
And it was the strangest discussion I ever had in a classroom.
She was really brilliant.
And now she was talking to me that, no, this mathematical property can be so symmetrical.
It may come to, you know, get away from it just by thinking that it's all good.
But it's not.
And that was kind of my first experience with the culture that has, you know, kind of submerged into the U.S. university or into society, I think, in some sense, that you can, if you feel something, if you feel something, The feelings are the reality, not the reality of what is actual reality.
Yes, exactly.
We see this especially in culture in the United States, and this is in the UK as well, but when people choose to self-identify in a certain way, and I'm not even talking about race or gender or anything, but they choose to self-identify as someone who is Going to have a bright future, let's say, even though they're buried in debt and their actions don't matter.
They think, well, someone's going to bail me out because I'm going to be a happy person.
Therefore, a bailout must be coming any day now.
And then to make the matter worse, the CDC, I don't know if you recall this, but during COVID, the CDC... Ordered all property owners in America to halt evictions of their renters who refused to pay rent.
So all of a sudden, private contracts were superseded by an outbreak agency that has nothing to do with finance or economics or private property suddenly nullifying private contracts.
Yeah.
Basically, they were walking over the Constitution of the U.S., Which happened also in Finland in many, many ways, like the shutting down of livelihoods even for a limited period of time should not happen.
You will have the right to conduct your business and all that based on constitution.
Let me interject, though, Mr.
Malin, this means to someone who is prospectively wanting to purchase a property in order to rent it as an income source must now consider the fact that this market arrangement no longer functions, right?
And so when the central banks purchase mortgages or purchase stocks, which is what's happening in the U.S., the Fed is buying stocks, buying the stock market.
Then any rational investor would say, well, this market's no longer functioning.
Or do you recall when the London Metals Exchange, the LME, reversed all the contracts on the nickel metal there?
Because one of the major investors who had bet on the short side, which was a Chinese investor, had lost so much money that the LME had to reverse thousands of trades, handing losses to people who had technically won those trades that they had gained.
And that was all reversed.
I mean, what does that message send to all of Western civilization?
Sorry about the animal noise in the background, but I have coyotes out here.
It's late night in Texas.
But what's the message to Western civilization about the functioning of markets?
Well, that they don't function anymore.
There's a force that can, at will, stop them from working and turn winners to losers and other way around.
So it's really a chaotic system.
We have been taken into.
And this goal comes back to the greatest.
Again, the idea that leaders can walk over constitutional rights or markets or whatever.
That's a really, really scary one in a sense that constitutions were formed by the Magna Carta in England.
It was the first form to protect landowners from the whims of the crown, if you may.
But it spread to kind of govern the people against the atrocities of the governess or the people who govern them.
And That is something that, like, for example, the US Constitution has been the, what's the word?
Well, the stone, the foundation of the nation for a long time.
In Finland, too, we have a very strong constitution.
And undermining those, I think, has been the most important thing that was done during the COVID crisis.
And it all plays to the greater said that you are not protected By laws anymore, but you will be on the mercy of the rulers again.
And this is like the natural state of humanity, if you look at the true history.
Correct, yes.
Yeah.
And the thing is that I fear that behind all this is some, you know...
Malleable and idea of getting the world back to a feudal state where there would be just those that govern and those that are governed.
No middle class.
Yes.
Something like that.
And while, yes, conspiracy theory, still this is something we have to acknowledge.
And all these things that if you want to get to that point...
You will destroy the constitution, you will destroy the market mechanism, and then you will destroy the small and medium-sized businesses, and then you are basically already there.
Well, and that's exactly what's happening across Europe with these electricity prices coming from natural gas scarcity.
So, you know, pubs and cafes are shutting down all across Europe right now.
In France, they're paying, I think, 10 times higher, you know, a thousand percent increase in electricity rates, and And we're not even into winter really yet at this point, so it seems like that's going to go much higher.
In Switzerland, we have the government threatening to imprison people for three years for heating their homes above 19 degrees Celsius.
I almost hate to bring this up, but I don't even think that the Nazi regime of World War II imprisoned people for heating their homes.
No, I haven't heard of that.
They did a lot of things, but they didn't do that.
No!
This is crazy.
This is a really scary precedent here, too.
Yeah.
Well, and it means in order to enforce this, the Swiss government is going to have to have, you know, temperature police to run around with, I don't know, thermal sensors pointing them at your apartment.
Oh, it's too hot.
You go to jail.
Yeah.
Yeah.
Yeah, and I know this is naturally, at this point, this is just one dystopian scenario.
They have threatened to do something like that, but it would be really massive if that would become a policy.
But the thing is here now that we should understand that this is, in Europe, this is all deliberate.
The sanctions put against Russia for starting a war in Ukraine Have hit back with sanctions, naturally.
And we would not be in this mess without the green policies implied, especially in Germany.
Setting down the nuclear reactors, relying on Russian gas for God's sake.
Every single thing, even a child, would have, you know, know that you do not do that.
You do not become dependent on Russia.
It has been a kind of, you know, aggressor for 500 years.
We live right next to them.
We've been a part of Russia.
We've been a part of Sweden and all that.
We know them better than anyone in Europe or in the world, you may say.
Yes.
And Germany has pushed their own ways, own things, Failed ways once again.
And I've been tweeting about this in the past days that does it really...
Do we really have to follow...
Germany into the abyss for the third time in later over 100 years.
And I'm talking about the First World War, the Second World War now.
That's right.
Germany has been involved.
Well, the First World War was a bit more difficult, but then the Second World War basically started it and really pushed us, pushed Europe into the abyss completely.
And now they are...
Germany is...
They are ruthless.
They have like...
If there would have been a Eurozone, the old currency would have probably been, you know, about 20% higher.
The value of the FX rate, the foreign exchange rate, would have been about 20% higher than it was when Germany was in the Eurozone, or has been in the Eurozone.
So Germany has, the export machine of Germany has greatly benefited from the But when it came to the fact, like in 2011, 2012, that weaker countries like Greece couldn't function, couldn't survive in the euro, what a proper leader of Europe would have done is that she would have...
Germany said, okay, you need some subsidies, you need some support, which is how, you know, these big currency unions work.
You need to have a transfer union, too.
Germany did no such thing.
It pushed Greece to the brink, basically forced the ECP to bail them out, and it was really, really ruthless on Greece, on negotiations.
Yes.
Germany has stormed through Europe during the past 20 years with the euro, let's say 10 years, and now it asks for us to bail them out.
This is a taboo.
You cannot really talk about it.
Germany is the psychopath of Europe.
Honestly.
They are messing us up once again.
They are the ones who relied on Russia to provide the electricity, and they are the ones who went to the crazy green policy to shut down the nuclear reactions.
And all the things that...
I've been asking one question about the Ukrainian war.
What was the thing that pushed Vladimir Putin to attack?
He is no crazy person.
He's extremely smart, that we know.
So what was the reason?
Why was he pushed to that?
No one talks about that.
There's always...
My mother is a former lecturer in history.
So we've been talking about wars a lot, and there's always two sides.
So there are many things we don't understand.
And I was stubbornly pushing these sanctions, which are basically an economic suicide for Europe, possibly also for Russia, but especially for Europe.
And the biggest thing is, Germany is now expecting that, because they have a massive deficit on the electricity creation during the winter now, That the hydroelectricity of Norway will bail them out.
We have this area called Nordpool, which is the Nordic electricity exchange.
It includes also the Baltic countries.
And we are not in the integrated European electricity market.
We're just exporting electricity there.
We could close down the cables to go into Europe, Central Europe, anytime we want, and we would have decent electricity prices.
So Germany, because of her mistakes, is dragging us to the gutter too.
When our politicians are too cowardly, Yeah, and it's not going any...
There is no response.
The politicians...
But it's crazy because this is man-made, the crisis here.
Yes.
Excellent point.
It's man-made.
And I'm thinking that after one winter of de-industrialization, Germany's electric draw on the Nordic countries may no longer be so large because the factories will no longer be functioning.
They won't be there.
Yeah, that's true.
And I don't...
And I'm just thinking that...
Do the Germans really understand what's about to hit?
You know, and...
And all the Europeans.
I don't know.
What did you see these tweets that really caused me to reach out to you?
I don't know, it was 10 days ago or less or something.
You were tweeting that You had just seen something, I think some new data, and that you were very concerned that Europe was really facing a catastrophic winter and that things could start beginning to unravel within weeks or months, I believe you said.
What was it that you saw then that initiated that?
I actually explained it in my Epoch Times article.
There are several things coming together.
But it was like, the first thing was that we don't...
Theoretically, Europe could export all the gas coming from Russia.
We don't have the terminal capacity for the LNG to get here.
And then there was the electricity, too.
So rolling back blackouts, Lou, because we don't have enough electricity production in Europe to cover all that.
And the most insane thing, I think, came out yesterday...
It's that European Commission is proposing a mandatory cut on electricity demand for each country.
I think it was 15%.
They have no such powers.
They have nothing.
The Commission cannot actually...
There's no way they can enforce that.
And it's really like stuff from the Soviet Union.
It's really completely insane.
And still the propaganda machine for the European Union is so massive that people are always saying, okay, I have to cut this and that and all that.
To fight the war against Russia, which is an energy-independent, energy-community-independent nation.
I don't think we can.
They have never succumbed under any economic coercion, and I don't think that will happen this time either.
Not sure, though.
And all these crazy things are happening, and we are just getting more centrally governed here.
So it's a really scary picture for Europe.
Really, really.
Is there any chance, in your opinion, or any willingness on the part of European leaders to even attempt to sit down and negotiate peace with Russia and drop the economic sanctions and restore gas flow before January?
Or is that not going to happen at all?
Well, there's kind of a Black horse in the race or something like that.
It's Italy.
So they have got the dependency of rust and gas something like 50 to 20 percent.
It was former 40 percent.
And they have the LNG and gas coming from Algeria and those sources.
But the thing is that they cannot, the infrastructure within the country is such that they cannot Distributed from the south to north in sufficient quantities.
So either Italy will negotiate a deal with Russia, or the new government, Italy, will negotiate a deal with Russia, or the industrial hub of Italy will basically shut down during the winter.
Wow.
So I think they will make a deal.
It would be really, really stupid not to do that.
So I'm seeing that the The common stance of the European Union will rupture during the winter because every sane person would do that.
But the stubbornness to push Russia and Europe against the wall is just unbelievable.
Russia has been an aggressor, like I said, for 500 years.
When I started the war in Ukraine, we actually warned it two weeks prior that the war is likely to start.
Well, we won our subscribers.
And I was just, okay, now we have war in Europe.
I wholeheartedly supported the Ukrainians of their struggle because everything basically should do that.
But still, the response of Europe to it, It's just overwhelming because you win or lose wars with weapons, not with economic sanctions.
And it's, I don't know.
Yes, but can you stay with us just a few more minutes?
Yeah, yeah, I'm in no hurry.
Okay, this is fascinating.
I know our listeners are going to want me to ask you a couple more questions, but...
Did the European leaders, are they so disconnected from economic reality that they miscalculated?
They thought that these economic sanctions and disconnecting Russia from the SWIFT system and trying oil price caps and all these things, they thought it would devastate Russia's economy.
And of course, it has not.
Russia has found plenty of other buyers, Turkey, India, China, whatever, for energy.
And with energy prices higher, Russia only needs to sell a lower quantity of energy to make the same amount of money as before.
But Europe is suffering.
It seems like Europe is suffering the kind of economic devastation that they intended to inflict upon Russia.
So, did the European leaders simply miscalculate?
Or how did that even happen?
I mean, I don't know.
You know, we're told that they know what they're doing, they're smart, they're educated, they're academics.
What happened?
Yeah.
I don't know.
I don't know.
It's just that the propaganda against Russia here is massive.
Partly it's very understandable because they started the war in Europe after a long time.
But it's the propaganda, like there is a ministry of...
Anyway, one of the economic ministers told in the parliament just past week that we are in a war against Russia, where we are not.
No one has declared war against Russia here.
But the propaganda and all the agenda, they're so tough now.
And I don't know, you know, and they're feeding on the fears of people, basically, again, like propaganda always does.
And it's really interesting from a geopolitical perspective what is happening here, because Europe and Russia are basically destroying one another economically here.
And it cannot...
It will benefit the US for sure.
In the longer term, that the powers, that the kind of emerging union between Europe, Russia and China has now completely broken down.
So there was actually one, I don't remember who, in one newspaper, but I think it was April, an older business columnist wrote in the US, wrote that this is something that, for example, CIA has tried to do for a long time.
And I don't know.
I have no competence of assessing that.
But it comes to the point of why Vladimir Putin attacked and why the response has been so massively ill-guided in my thinking economically.
So it's just all boils down to the question that what is striving?
Who is striving?
What is happening?
Yes, and here's an observation to run by you that's related to that, which is You know, let's take the old Soviet Union wanted all the countries to be communist, centrally planned economies.
Well, you've got the metals smelting and, you know, steel factories begging for essentially some type of subsidies to keep them functioning through the winter while they produce nothing because there's not energy to run the smelting operations.
The energy is too expensive, at least.
Yeah.
Right, so they're begging for governments to pay them to not work, which sounds to me a lot like the old Soviet Union, does it not?
Yeah, it is.
We have the kind of DDR of East Germany.
The same policy is applied, basically.
It's really, I don't know.
It's really interesting to see how this plays out during the winter.
We will probably see stuff that we...
I couldn't imagine happening, like blackouts and what the governments are going to do and all that.
So it's part of some bigger game, I'm sure.
We just don't know what it is yet.
What do you think about the risk of civil unrest?
Because this has been cited by the UK government in particular.
High.
Very high.
I know people who know people or police from the riot police of Helsinki, for example, and I heard that they are scared, the riot police, that is, of unrest during the winter, because people have already been pushed so, you know, hard by the corona restrictions and all that, and the anger is boiling below the surface in Finland, that's for sure.
Okay, so the combination of all these things that you've talked about here today seems to be quite a doom and gloom scenario.
How does Europe come out of this?
What structural changes need to take place to solve these problems?
Well, the market-oriented approach would reach us to have a really bad...
Well, first, let the...
Get rid of the sanctions, which is not going to happen.
But if that's not going to happen, then we need to have a deep crisis with banking crisis, debt crisis, currency crisis.
Let the eurozone break up.
Let all these things clear themselves up, if you may.
And let's return to the market economic principles here in Europe through a very deep crisis.
The other option is That everything becomes centrally governed, and we enter some kind of dystopia.
And I'm feeling this, the latter one, is where we are heading.
Right, so people would still freeze and starve.
It would just be under government mandates.
Yeah, yeah, something like that.
Our living standards would be permanently brought down.
So, most of Western Europe would look like East Berlin in 1984 or something, right?
Something like that, yes.
Here's the analogy.
Really crazy times.
Really crazy times.
All right.
Well, I hope...
First of all, I thank you for taking the time to share all this with us.
This is fascinating.
A little bit concerning.
Could I just make one last personal note?
Absolutely, please do.
Yeah.
I have...
I have an international man, let's say, a woman going on.
So there's a woman I would like to find.
I know this sounds really strange, and it is, trust me.
So I know from her, just her first name, which is Laura.
We first met in April 2019.
Last time we spoke was in January 2020, and last time we saw each other was in June 2021.
But the thing is that all the relationships that I had, she just keeps coming back to mind.
So if your first name is Laura, you're about six feet tall and blonde.
And recognize yourself from the storyline I told you.
Please contact me.
I would like to get this mystery solved.
Thank you.
Well, that's fascinating.
Okay, so you're looking for a very specific woman who is tall and blonde and her name is Laura.
And anything else?
Is she an economist?
I don't know.
I don't know.
I really don't know.
I never had anything like this.
I never believed in anything like love at first sight or all that.
I call it crap.
And this one person has forced me to reconsider because a divorce in New Year's 2019-2020 And they had a one longer relationship after.
But this person, Laura, always comes back to my mind.
She might be away for a few weeks and then she gets back.
And the strangest thing is that I sometimes even miss her.
Although I don't know her.
And this is tough.
If someone would have told me again five years ago that I would be speaking this to a U.S. podcast, I would have proposed to take a hike again.
Okay, but wait a second.
Maybe our audience can help you.
But first of all, is she American?
No.
Okay, so what nationality is she?
Finnish, but I don't think she's in Finland anymore.
Okay.
All right.
And then the other question our audience is going to ask is, for the whole interview, you were talking about being driven by empirical data, and then this.
This is a little out of character for you, I believe.
It is.
I think it makes me, you know, reminds everybody that I'm just a human.
Yes.
Yes, absolutely.
This has been a...
This thing with her, it's been a humbling experience.
Okay.
Because I will say, like I told you before I started recording, I might be at times a ruthless bastard.
I tell you, a really outspoken person.
And this one woman has completely like melted me in a sense.
Yeah.
I would have never...
Just a few days ago, I told a friend who kind of proposed that I would come public with this.
I said, never.
I will never do that.
And now we're here.
But I don't think it's also...
You shouldn't be too strict to yourself.
This is funny.
Let's see where it comes out.
Well, one question then, how can they contact you if they...
Easily, just Google me.
From wherever you are, you can find me through Google.
You can find my phone numbers, emails, all that.
So I'm becoming a kind of global person.
This interview will probably push it further, but I will try to Google.
Then let me mention that the spelling of your first name is quite unique for those who want to reach you.
It's T-U-O-M-A-S, as if it were Tuomas.
It's pronounced almost perfect.
Are you sure you don't have Finnish relatives or roots?
It is possible.
My ancestors are mostly European.
But the other thing I want to warn you, there might be several Lauras that contact you here.
A few women have already wrote to me that would help if they changed their name.
Yes, right.
There may be self-identifying Loras right now who are like, hey, this guy sounds awesome.
Yeah, yeah, yeah.
But if you're finished, you're six feet tall, blonde, gorgeous in any way, you can name Loras.
Just write me.
I don't mind.
Okay.
All right.
Well, then you have to promise us if this connection is made, you have to come back on.
I can't come back.
This has been a treat.
Okay, absolutely.
Well, we hope you find Laura, and we especially hope that Laura seeks you out because she's living somewhere in Europe and wants solutions to these issues and finds that you're the guy who's got the answers here, at least some of them.
So it could be a match made in heaven.
We'll see.
We'll see how it goes.
But it's a mystery.
I like mysteries to be solved.
Well, absolutely.
Well, this is the first such mystery that we've had on my show, but we're happy to help you.
And for all of you listening, put out all the feelers for a Finnish Laura who is tall and gorgeous and somehow not in Finland any longer for some reason.
We're going to track her down.
I think this is a...
Good way to end it.
This is like a very human thing, you know, and, you know, we all have our soft spots.
And after all this brutal economic data and all the horrible forecasts, we just have to...
I think this is...
This remembers us all, reminds us all that...
I think love conquers all also.
Yeah, that's a really good point.
And, you know, I'll even mention, it's interesting, your company, GNS Economics, it says, we reveal the hidden risks in global markets for better business and policy decisions.
So, you know, I think your philosophy is that you help others find opportunities when there is an unknown that they're facing.
Yeah, that's what we do.
And that's what you're demonstrating here with us, too.
Big unknown, but lots of opportunity ahead.
Definitely.
Okay, well, outstanding.
I really enjoyed speaking with you.
And I mean, we had a great time and hope you come back on again.
We'll do that.
I'll do.
Okay.
All the best.
Yep.
Have a great day there.
Bye-bye.
Take care.
Bye-bye.
Bye.
All right.
Well, that was certainly fascinating.
Some unexpected twists and turns in that interview, but it was certainly a lot of fun, very educational.
And I can't wait to have Thomas Malinan back on for some updates as we move into the winter months in Europe.
We'll get a closer look at what's actually happening there.
Since that interview went kind of long, I was having a great time.
I hope you enjoyed it too.
I'm going to go ahead and wrap up the podcast right here.
We're probably way over time.
This is my fault.
But hey, you know what?
When I get fascinating, intelligent people on the line, I just can't stop asking questions.
That's just the way I am.
So look, wrapping this up, thank you for your support.
Check out our online store if you want to support us, healthrangerstore.com.
Check out our sponsors like the Satellite Phone Store, as you know, sat123.com.
They've got the EcoFlow solar generators that work when the grid goes down, and they've got the satellite comms that works when the cell phones go down.
Check it all out, sat123.com.
And we'll be back with you tomorrow with more updates, whatever craziness is happening over the next 24 hours, which you can be sure there will be craziness because we're living in a crazy, collapsing world.
And it's all spinning out of control by the hour, it seems.
So hold on to your hats, you know, get prepared, hunker down, be ready for grid down scenarios just in case.
We'll talk to you tomorrow.
God bless you.
Take care.
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