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Jimmy Dore – Mike Gravel Smashes War Machine With Facts

Summary:
Another superb video from Jimmy Dore.Mike Gravel, a former senstor, says how China is not entering an arms race with the U.S because they know no one can use nuclear weapons without killing themselves as well. It's only takes about 20 nuclear bombs to cause a nuclear winter, which will kill the winners within ten years too, and in fact, most life on Earth will die too.Sadly, what may worry the elite more than the nuclear winter, is that the Western financial system would probably collapse too and then they would lose all their money.Mike Gravel adds that the U.S would love China to enter the arms race because it's military industrial complex would be able to sell more weapons, which is how the elite make most of their money.Mike Gravel says how the Chinese government has pulled the

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Another superb video from Jimmy Dore.

Mike Gravel, a former senstor, says how China is not entering an arms race with the U.S because they know no one can use nuclear weapons without killing themselves as well. It's only takes about 20 nuclear bombs to cause a nuclear winter, which will kill the winners within ten years too, and in fact, most life on Earth will die too.

Sadly, what may worry the elite more than the nuclear winter, is that the Western financial system would probably collapse too and then they would lose all their money.

Mike Gravel adds that the U.S would love China to enter the arms race because it's military industrial complex would be able to sell more weapons, which is how the elite make most of their money.

Mike Gravel says how the Chinese government has pulled the Chinese people out of poverty over the last 50 years, but now China has spare capacity and needs to sell abroad to keep its people employed. So the Chinese are building the New Silk Road all over the world, and in any country that wants it.

China invests in other countries infrastructure by lending then money, but if the loans go bad they don't want the money back, nor do they want the country's assets, as the IMF and the World Bank does. They might renegotiate with a country that they manage these collapsed industries for a number of years - 90 years is quoted in one example. The Chinese government seems to be good at running state industries and businesses.

John Perkins says how the West enslaved the world by giving third world countries loans they knew they would never be able to pay back, and in fact, they often loaned money to crooked political leaders who they knew would embezzle the money. In this way, the West was able to get to own most of the assets in the world, which was financial warfare rather than military warfare. but military warfare comes after everything else has failed.

The Western system impoverished third world countries, and this was known as imperialism, but the Chinese government want other countries to be prosperous because they want them to be wealthy enough to be able to buy Chinese products and services. Everyone wins!

The Chinese may well be motivated by self-interest, like everyone else, but one system is healthy and the other is pathologic. But Mike Gravel believes the Chinese government is genuinely committed to socialism.

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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