Dark Days Ahead?

" Well live my next guest is right the president's wasting his time tonight because much of -- says the dark ages are coming. Michael is the author of that will -- when giants fall and also financial Armageddon. But nearly this guy's been right every step of the way so left very carefully Michael good to have you. Glad to be here all right -- heard of senator talk and you heard what the president likely will talk about tonight and that is help is on the way. And it could come soon Ben Bernanke saying maybe the benefits Wilson you're saying not so."

" I think we're we're seeing right now is that is this shift that's turning over in slip sliding down into the trial I -- think right now Obama's captain of the USS. America that's selling off in the sunset -- is not bring us back to the days that we had before OK so what do you envision. I I think this situation here gets much worse I think look to Europe look what's happened in terms of the economies over their look what's happened in terms of the economies in Asia. That stimulating all sorts of fallout especially social fallout. And I think we're going to see those kinds of pressures here when people realize is a big gap between reality and and what is being."

" Promised all right now we wanted to organs of a multiyear thing but I can remember as a college kid when Jimmy Carter was coming and he said. Things. Are awful now and people voted from say what they're really awful this is 1976. They can't get even more awful law a bill they actually did they got worse so. Is it possible that this presidencies of Jimmy Carter and whether it's his fault or not but things could get worse much worse."

" I think it certainly is I mean he's an incredible orator and is a very good -- in terms of his charisma and his magic in his ability to motivate people. But that's part of the problem and one of the reasons we're here where we are now. It was because people believed in dreams as opposed to reality. They live for today they've borrowed too much. And that really -- well to get to speak in the world can change I I don't think so it's been the Bill Clinton tells -- we lighten up and just you know little spark and that you know which he didn't say right but he did -- be more of the waste of time. I think so I think people really want to hear reality in -- they've been craving reality for about two years now and nobody's been willing to give it to -- so what's the reality in your view. The reality is it that we have serious structural problems are decades in the making we have the rest of the world is very upset with the US sit in many different avenues. And it creates an environment where we're not going to get the support we need from outside. And from within we don't have the resource all right so plan about how who would it would have been over the next few years has -- nonsense yeah I think we're looking at a sort of a decade long process on a black candidate yes yes and clearly there's always room for what happens of that decade. I think that conditions deteriorate I think some of the measures are seeing now from the Fed for example. Are laying the groundwork for a debasing the currency -- easily get -- the currency gets vast inflation comes yes frank yes so. That's at ten year Phnom. Well I think you put that together with what I see is you know part of the premise of my book is that the days for the US being the sole superpower. Are coming to an -- that means the rest of the world. Is going to be scrambling for influence. At cocktail parties to people of would you. They used to -- that. I did you but actually he states as well so that the economy would never exactly what he's that would happen but that's -- very personal accounts I just hope you're wrong. Michael thank you --"