All right, we are live.

Yes, we are live with Alexander Mercuris in London.

Alexander, how are you doing today?

I'm doing very well in these extraordinary times.

I mean, certainly,

certainly events are moving so quickly and in such incredible ways that it keeps us all very busy.

Let me put it that way.

Yes, it does.

Yes, it does.

Let me just check to make sure we are indeed live.

Alexander, as I check to make sure that we're live, what is going on in the world?

Is there anything happening in the world, Alexander?

Well, I think what we're now seeing is a moment.

It's an extraordinary moment because suddenly the people, the good people of Europe,

when I said the good people, you understand, I'm talking ironically,

the leaders of Europe have begun, I think, to wake up to the extent of their own folly.

They're not prepared to draw any lessons from it, but they suddenly realize that they're now utterly dependent,

dependent in ways that would have been astonishing

once upon a time upon the United States. They have no armies to speak of. Their economies are falling apart.

They're nowhere in the technological race. And they're finding that all sorts of things are happening around the world.

And they are beginning, I think, to realize that.

Because now they're confronting the United States.

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