RUSH: This morning on Squawk Box Europe, CNBC, David Murrin, cofounder of Emergent Asset Management, is the guest, and the anchor said, ‘David, you’ve just written a book here called Breaking the Code of History: A Map for the Future. So if we’ve been here before, David, as I think you argue, what goes on after this?’
MURRIN: I think sometimes long-term history impacts the now and we’re in it like a schism, like two tectonic plates that suddenly shift after a hundred years of energy building up. And that’s really the end of the Western Christian empire. It’s bigger than the British empire, the American empire. It’s the sum of all the Christian empires for nearly 900 years. And America is the last one. And when the last one changes and declines, which it’s in, it will be very rapid, it’s the end of the whole system.
RUSH: I’ve never heard it put that way. The Christian empire, America is the largest part it and is the last one, and when the last one changes and declines, which it’s in, so the American empire is in decline. And this is partly because of the health care bill. So he added this.
MURRIN: At the same time the system that rises challenges far quicker as it moves into the vacuum created by the old system, and that’s the East. The surprise will be the rate of that change. And we view the new administration in America as new hope. Unfortunately, if you look at historical precedents of underclass and the mechanisms of an underclass actually coming to the fore demographically, it is not new hope, it’s the beginning of the end. And we’re seeing that very quickly take place.
RUSH: Did you hear that? Did you understand what this guy said? He said that when the underclass, the mechanisms of an underclass come to the fore demographically. To translate this for you people in Rio Linda and Port St. Lucie, when the poor are expanded and more and more people become poor and become wards of the state, it’s the beginning of the end. When the underclass — that’s a British term, underclass means the poor, it doesn’t mean they’re lesser people. When the poor become the dominant group, it’s over, by definition it’s over. Well, do I accept this? I do not accept this yet. I do not believe that it is inevitable, but I do believe that the path we’re on would lead to this if we don’t stop this, absolutely. That’s how it works, Snerdley, if we don’t stop this. We know what history says, that we’re bound to repeat it if we ignore it. Here, he added one more thing to it.
MURRIN: The refusal of Obama to commit to the missile defense system in Poland was a terrible sign to the adversaries of America, they saw it as weakness. And, in fact, if you look at Chinese policy since and articulation, it’s been far more aggressive and expansive. So the moment that the incumbent shows its inability to project power and use the power it has, the challengers move forward very quickly, 56% of their society is male. In a normal society it’s 51. That’s 5% of extra risk capital and what that means is they are far more risk-orientated than actually a society in the West.
RUSH: All right, let me explain that. They’ve got 56% males, which means they got a lot of guys they can afford to lose in battle. And they perceive Obama as weak. And they’re acting on it. And so are the others of our adversaries, see Obama as weak. In other words, this guy is an unmitigated disaster no matter which way you slice it. Again, vindication for your host, El Rushbo, the most dangerous man in America, because I’m right.