Financial Crash Expert: He Predicted The 2008 Crash, Now He Says Capitalism Failed, It’s Too Late!

0:00Our political class has lost control.

0:02The right is getting more right than ever.

0:03And any time you have a combination of economic problems and social and stability and cultural problems, you put all those things together, it's not a good time.

0:12It's a time when conflict, violence, civil unrest, all of these things are much more likely.

0:18Civil unrest is absolutely guaranteed.

0:20And what you are now seeing is, I fear, the beginnings of a totally new level of separation between people.

0:27We are on the road to civil unrest and violence.

0:30But I'm glad we're having this conversation because these are difficult things to talk about.

0:34And that's why China is outperforming the rest of the world.

0:36There are so many freedoms you don't get in America that you do get in China.

0:40Would you prefer a Chinese system?

0:41If you were to America?

0:42Yes.

0:43What about political freedom, freedom of the individual, freedom of speech?

0:47Do you think Steven could run his show if he was a Chinese citizen in China and have any conversation he wanted?

0:51And you think communism is bad?

0:53I grew up in the Soviet Union, so yes, I do think communism is bad.

0:56You end up in a place where the economy is just screwed.

0:59So you get equality, but everyone's just equally poor.