Topic: Lisbon Trade

The protocols within the USMCA are compared to the Lisbon Treaty, which serves as the constitutional basis for the European Union. The hosts express skepticism about the long-term benefits of the deal for American workers and revisit the theory of a unified North American currency, the "Amero." They suggest the impeachment process may be a distraction from these significant policy shifts.

The hosts discuss the upcoming Brexit vote, weighing the economic risks against the loss of national sovereignty under the Lisbon Treaty. They express skepticism toward the EU's long-term stability, suggesting that a centralized European army could lead to future conflict.

EU Trade Commissioner Karel de Gucht announced that the Commission would continue to pursue ACTA-related proceedings despite the Parliament's negative vote. De Gucht has a controversial history, including allegations of insider trading involving Fortis Bank shares in 2008. He is also known for his candid remarks about the intentional unreadability of the Lisbon Treaty.

The founder of High Frequency Economics argues that the European Central Bank (ECB) must print money to solve the Eurozone crisis. However, the Lisbon Treaty explicitly forbids the ECB from inflating the currency to bail out member states. This creates a philosophical and legal deadlock between Germany's fear of hyperinflation and France's desire for a bailout.

The hosts open the program from different locations, with one broadcasting from Surrey, United Kingdom, and the other from Lisbon, Portugal. The discussion covers a government-sponsored trade mission in Portugal involving tech and import-export agencies. A recent excursion to the Portuguese wine country, located approximately ninety minutes outside of Lisbon, is described.