Ronald Reagan and the Queen of England discussed economics and the prospects for the future in 1991.
The footage begins with the former president asking if the coffee being served is decaffeinated. The Queen calls replies ‘No, it’s ordinary’ before calling over a waiter to request some, then telling Mr Reagan ‘We try our best. It’s coming.’
Their conversation then turns to economics. Mr Reagan, who finished his second term as president in 1989, told the British monarch: ‘Now if you’ve got two thirds… paying for the bureaucrats and give only one third to the needy people, something’s wrong there.’
The Queen responded by saying that ‘democracies are bankrupt’ because of such policies.
‘But you see all of the democracies are bankrupt now, because of the way the services have been planned for people to grab,’ she told him.
‘I know, we tried to get some of these things changed and reduce them,’ said Reagan.
‘For example, we have a rule to this day, that a supervisor’s salary is based on the number of people he supervises,’ he continued.
‘Well now, you have a group of people that have no interest in reducing the payroll, even if they can, because it will reduce their salary.’
The Queen, who had hosted the event for Florida’s grandest society including another former US president – Jimmy Carter – agreed.
‘Obviously, yes. It’s extraordinary, isn’t it? I think the next generation is going to have a very difficult time.’
The answer, obviously, was to flood the West with credit and third world immigrants, because monetary and population inflation are good for the economy. It’s interesting, though, that both public figures already knew that which eluded the public and most opinion-leaders for another 17 years.