Erik Prince

And no one has ever forced the guns or butter decision.

It's guns and butter.

Because the dollar is the world's reserve currency, it's gotten us into the habit of spending anything and everything all the time.

That is the disadvantage to a republic.

I have a collection of German marks from the 1920s, the currency of Germany.

This is the Weimar marks?

Exactly.

And the first ones, the 1, 5, 10, 50, beautifully done, very well printed.

You definitely see some effort went into making those bills.

But then you get to 20,000, 50,000, a million.

And then they just took the million ones and restamped them one billion marks.

And you see the destruction of a currency and the destruction of a society.

Because you took very normal, very orderly Prussian German society and they elected Adolf Hitler.

Because of that economic destruction.

So we ignore that kind of debt insanity at our own peril.

Because Taiwan was a Japanese colony before the war, right?

And if the president, I think I was told this, the president of Taiwan when they visit Japan, they speak Japanese.

There's a lot of Japanese spoken in rural Taiwan to this day.

The one country in the Pacific Rim that China fears is Japan.

Yep, because Japan, or you have Han China, that's a race of people.