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tonight.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=228.057,230.343"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/55","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I'd like to open my talk this evening","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=231.4,233.95"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/56","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"by telling you a recent, and for me dramatic experience.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=233.95,238.29"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/57","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And I speak of it because it symbolizes the possibility,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=238.29,243.2"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/58","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I think, of people to change and improve things,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=243.2,246.81"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/59","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"whether in the area of politics, economics, social justice,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=246.81,251.46"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/60","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or money and human rights,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=251.46,252.89"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/61","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"which is the subject of the talk tonight.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=252.89,254.94"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/62","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The belief that we shall overcome","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=255.88,258.94"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/63","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"has been very important to me","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=258.94,260.58"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/64","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in living more than two decades in Latin America,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=260.58,263.14"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/65","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"where poverty is simply terrible, as is repression,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=263.14,268.14"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/66","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and where it's very easy to lose hope.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=268.88,271.96"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/67","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Paradoxically, I find a similar sense of frustration","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=271.96,275.12"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/68","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"among many Americans,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=275.12,276.89"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/69","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"particularly those whom I meet on these tours,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=276.89,280.57"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/70","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"who feel that it's almost impossible","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=280.57,283.82"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/71","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to cope with big government and big management,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=283.82,286.35"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/72","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"as if there was nothing","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=286.35,287.183"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/73","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that they personally could do to make a difference.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=287.183,289.59"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/74","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But I believe that individuals can make a 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recently","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=294.72,297.242"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/77","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and vividly demonstrated to me","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=297.242,299.119"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/78","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"during a trip to Nicaragua.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=299.119,301.663"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/79","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Eight years ago, when I first visited Nicaragua, in 1976,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=303.09,306.16"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/80","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I met an American nun called Peggy Healy.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=307.64,310.413"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/81","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Peggy worked in a dusty slum on the outskirts of Managua.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=311.33,316.22"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/82","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It was a very poor 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uneducated.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=356.309,360.003"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/99","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Almost everyone I talked to, rich as well as poor,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=361.04,365.5"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/100","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"was afraid to speak 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back,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=370.34,373.02"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/103","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and of course, they could be killed.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=373.02,375.373"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/104","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"As Peggy pointed out, these poor 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self-interest.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=977.311,980.67"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/313","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The high moral ground, the gesture is extremely important,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=980.67,984.18"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/314","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"as demonstrated by the Reagan 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area,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1029.36,1033.09"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/331","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that president Reagan, to stop such a victory","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1033.09,1036.031"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/332","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"would send in American troops,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1036.031,1038.2"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/333","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"even, according to the American ambassador in Managua,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1038.2,1041.5"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/334","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"if it were the day before US elections.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1041.5,1044.453"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/335","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Nearly 40,000 Salvadorans have died today.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1045.53,1049.57"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/336","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Most of 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army.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1063.26,1065.943"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/343","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Well, a massive US invasion will only lead to more deaths.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1067.48,1072.48"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/344","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Furthermore, it will unite most 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neighbors","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1150.617,1154.727"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/369","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"in succession is not an expression","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1154.727,1156.797"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/370","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"of sympathy with any of them,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1156.797,1158.637"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/371","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"it is a statement of contempt.\"","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1158.637,1160.487"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/372","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Second contempt or plain 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path,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1168.58,1171.03"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/375","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"despite Washington's every effort to push it","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1171.03,1173.41"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/376","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"into the arms of the socialist block,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1173.41,1175.98"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/377","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"by refusing Nicaragua US aide,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1175.98,1178.49"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/378","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and by making more on its Northern and Southern 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shipments","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1202.15,1206.14"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/387","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"from Nicaragua to the insurgents in El Salvador.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1206.14,1210.2"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/388","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But when no evidence of such arms shipments could be 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bombed","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1234.15,1235.56"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/397","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the Northern parts of Nicaragua.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1235.56,1237.6"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/398","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"This was just in the same week","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1237.6,1239.55"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/399","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that the Sandinistas were to open the election campaign","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1239.55,1242.84"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/400","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for elections later this year.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1242.84,1246.58"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/401","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Well, after the bombing took place,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1246.58,1248.33"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/402","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the Sandinista leadership immediately said,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1248.33,1250.277"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/403","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"We have canceled the electoral process indefinitely","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1250.277,1253.657"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/404","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"because we can't hold an election","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1253.657,1254.844"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/405","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"in the middle of the war.\"","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1254.844,1256.807"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/406","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Well, they later changed their minds,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1258.02,1260.32"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/407","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and the elections will go forward,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1260.32,1263.15"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/408","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"two days, by the way,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1263.15,1264.09"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/409","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"before elections in the United States.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1264.09,1266.72"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/410","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"A deliberate political decision, I should add.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1266.72,1269.02"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/411","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But if democracy is what we're trying","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1270.856,1272.73"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/412","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to encourage in Nicaragua,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1272.73,1275.3"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/413","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I think we're going about it in a very peculiar way.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1275.3,1278.38"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/414","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Not only are we pushing the Nicaraguans","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1278.38,1282.03"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/415","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"into the arms of the Soviets,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1282.03,1283.358"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/416","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"by giving them no opportunity to obtain aid from us,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1283.358,1287.704"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/417","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and therefore forcing them to go","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1287.704,1289.112"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/418","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to seek aid from the socialist block,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1289.112,1293.241"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/419","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but we are supporting a counter-revolutionary army,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1293.241,1297.11"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/420","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that's composed almost entirely","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1297.11,1298.53"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/421","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of these brutal national guardsman from Samoza's time.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1298.53,1302.55"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/422","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Now let me give you just two 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able","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1307.122,1308.33"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/425","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to buy American wheat.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1308.33,1310.343"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/426","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"United States refuses to give or sell them American wheat.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1311.7,1316.16"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/427","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So along come the Soviets and say,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1316.16,1317.617"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/428","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"You want American wheat, we've bought lots of American,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1317.617,1320.027"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/429","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"we've got lots of American wheat.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1320.027,1321.091"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/430","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"You want American wheat?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1321.091,1321.967"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/431","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"We're gonna give you the American wheat.\"","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1321.967,1324.11"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/432","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I mean, it's absurd.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1324.11,1325.623"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/433","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"As to these national guardsmen,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1326.59,1327.968"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/434","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I mean, I know I was there to see their brutality.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1327.968,1332.03"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/435","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"In 1976, when I first went up there,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1332.03,1334.92"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/436","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I went up to Zelaya,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1334.92,1336.06"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/437","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"which is a Northeastern part of Nicaragua rainforest","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1336.06,1339.46"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/438","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to check out reports from the Catholic Church","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1339.46,1341.51"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/439","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that the National Guard had massacred some 300 peasants.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1341.51,1345.6"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/440","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It was true.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1345.6,1346.78"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/441","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I saw the mass graves.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1346.78,1348.49"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/442","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I also saw a little boy of eight years old","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1348.49,1350.112"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/443","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"castrated and hanging from a tree.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1350.112,1353.17"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/444","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"This was the work of the National Guard.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1353.17,1355.17"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/445","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I won't go into the rapes,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1355.17,1356.29"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/446","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the rest of the brutalities, but these are our allies.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1356.29,1360.54"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/447","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I think we should think about that.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1360.54,1362.29"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/448","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Our wars in Central America","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1364.02,1365.807"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/449","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"are also costing taxpayers millions of dollars.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1365.807,1369.11"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/450","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And if the Kissinger Commission's proposals are adopted,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1369.11,1372.2"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/451","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"they will cost billions of dollars.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1372.2,1375.18"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/452","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Yet we have no strategic,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1375.18,1376.49"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/453","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or important economic interest in Central America.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1376.49,1380.27"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/454","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And to date, the only thing that our 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course,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1386.28,1387.551"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/457","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the cost will be even higher.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1387.551,1389.73"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/458","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And here are the points of self-interest.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1389.73,1392.32"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/459","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"First, many of our young people will be killed","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1392.32,1394.96"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/460","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in a remote jungle","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1394.96,1396.02"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/461","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in a war that most Americans","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1396.02,1397.36"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/462","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"neither understand nor support.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1397.36,1399.903"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/463","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Contrary to the Reagan administration's expectations","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1401.11,1404.729"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/464","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"an invasion of El Salvador and or Nicaragua","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1404.729,1407.66"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/465","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"would not be a quick mop-up operation like Grenada,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1407.66,1410.96"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/466","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but a long drawn out war against battle toughened 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population","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1415.51,1417.16"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/469","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"would be hostile to US forces.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1417.16,1420.44"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/470","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Second, the United States has many needs and problems","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1420.44,1422.775"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/471","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"at home without adding the tax payers burden,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1422.775,1426.436"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/472","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"by financing a war in distant region,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1426.436,1429.9"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/473","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"which most of us don't even understand.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1429.9,1432.42"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/474","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Forward the return of peace in Central America","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1432.42,1435.15"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/475","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"will reduce the refugee flow","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1435.15,1436.869"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/476","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"into the United 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flowed","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1451.96,1453.93"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/483","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"out of Central America in the past four years","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1453.93,1455.877"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/484","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"are poverty-stricken peasants that have been 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atmosphere","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1641.36,1644.02"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/551","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"has developed in banking that encourages,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1644.02,1646.7"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/552","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"even rewards the gamblers to take chances,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1646.7,1650.63"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/553","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"not only abroad, but at home.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1650.63,1653.076"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/554","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Bank profits in South America have been enormous.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1653.076,1656.216"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/555","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Over at 100% in Brazil in 1982, for example.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1656.216,1661.216"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/556","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But so too the 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agencies,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1674.003,1676.85"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/561","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"more than 600 banks in this country","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1676.85,1678.854"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/562","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"are in danger of failing.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1678.854,1681.7"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/563","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I don't know if that 600 includes any big ones,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1681.7,1685.027"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/564","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but it wouldn't surprise 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predicament","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1690.14,1692.43"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/567","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is profits and stock prices.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1692.43,1695.04"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/568","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"While other industries have been 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banks","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1698.8,1700.764"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/571","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"slumped by 42% in the third quarter of last year.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1700.764,1705.764"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/572","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Share prices are down, and pension fund managers","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1706.52,1709.59"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/573","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and other large institutional managers","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1709.59,1711.45"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/574","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"are dumping bank stock because as one analyst put it,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1711.45,1714.612"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/575","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"many investors are looking down a dark hallway","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1714.612,1717.92"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/576","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of international lending and seeing visions","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1717.92,1720.157"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/577","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that would make the boldest risk takers pale.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1720.157,1723.153"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/578","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Small and medium-sized US banks","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1724.12,1726.36"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/579","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"already are writing off their Latin American loans,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1726.36,1729.62"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/580","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but the write offs for the big banks","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1729.62,1731.4"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/581","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"could make some insolvent.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1731.4,1732.893"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/582","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Last year, for example, Chase Manhattan","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1733.742,1736.24"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/583","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"had to write off $2 billion in non-performing loans,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1736.24,1741.24"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/584","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or loans on which no interest was paid,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1741.38,1743.412"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/585","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or is being paid very late.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1743.412,1745.77"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/586","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And most of those loans were in Latin America.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1745.77,1748.973"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/587","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"There is a saying in banking circles, which is a paraphrase","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1748.973,1753.148"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/588","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of John Maynard Keynes, and it is this...","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1753.148,1756.238"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/589","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"If you owe your bank $1 million, you're in trouble.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1756.238,1760.197"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/590","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"If you owe the bank $1 billion, the bank's in 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rears","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1776.21,1777.85"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/597","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"on its interest payments,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1777.85,1779.53"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/598","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"not for a few hundred million dollars,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1779.53,1781.22"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/599","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but for billions of dollars.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=1781.22,1783.46"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/600","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And Brazil is only one of three dozen 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deficits","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2003.137,2007.55"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/677","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the treasury would stop having","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2007.55,2008.892"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/678","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to issue obligations to cover it.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2008.892,2011.54"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/679","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But with the treasury","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2011.54,2013.17"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/680","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"taking responsibility for foreign debt,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2013.17,2015.6"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/681","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"there's no point in balancing just the US budget.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2015.6,2019.521"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/682","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"How did US banks get into such a mess?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2019.521,2023.22"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/683","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Looking back, historians may say","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2023.22,2024.765"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/684","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that it was a result of their overweening greed.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2024.765,2028.924"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/685","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But I think that may only be true in part.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2028.924,2031.87"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/686","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"In the 1970s, when the world was awash with petro 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profits,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2038.459,2040.67"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/689","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but also provide a service by recycling the dollars","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2040.67,2043.327"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/690","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"from the newly oil rich oil exporting countries,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2043.327,2046.364"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/691","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to the developing countries that had no oil.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2046.364,2050.09"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/692","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The stampede to lend money began in 1973,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2050.09,2052.754"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/693","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"when oil prices skyrocketed,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2052.754,2055.296"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/694","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and private banks stuffed with Arab 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rush.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2091.654,2094.63"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/709","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"As bankers readily admit,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2094.63,2096.774"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/710","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"lending tends to be a sheep-like exercise.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2096.774,2101.02"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/711","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So, if one bank is lending to X country,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2101.02,2104.16"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/712","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"all the other banks want a piece of the action.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2104.16,2107.427"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/713","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But the loan pushing bankers","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2107.427,2108.89"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/714","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"did not consider the 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pushing","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2119.85,2122.197"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/721","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"was the Prime Minister of Peru at that time, Manuel Ulloa,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2122.197,2127.197"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/722","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"whose country by the way, had been bankrupt in 1975,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2127.343,2130.97"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/723","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but five years later at an IMF meeting in Washington","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2130.97,2134.04"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/724","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"had become the toast of bankers.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2134.04,2135.832"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/725","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The Prime Minister said that he could hardly","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2135.832,2138.839"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/726","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"face going back to his hotel,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2138.839,2141.54"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/727","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"because six different banks were waiting for him.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2141.54,2144.98"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/728","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"What did he mean by that?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2144.98,2146.26"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/729","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It wasn't only that they were throwing the money at him,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2146.26,2148.48"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/730","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"they were practically shoving it down their 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rates.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2665.67,2668.65"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/918","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Why?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2668.65,2669.57"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/919","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Because the banks were lending to Brazil","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2669.57,2671.82"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/920","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"because it was so much more profitable.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2671.82,2673.9"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/921","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But now that Brazil cannot pay,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2673.9,2676.23"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/922","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the banks are looking to a taxpayers bail out,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2676.23,2679.59"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/923","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And that will include the people","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2679.59,2681.02"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/924","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"who live in those industrial states.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2681.02,2683.073"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/925","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"As in Brazil, where the banks mistakenly","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2684.33,2686.232"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/926","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"equated paper profits with economic development,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2686.232,2690.24"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/927","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"so too in the United States","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2690.24,2692.37"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/928","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"where the concern for quarterly balance sheets","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2692.37,2695.1"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/929","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"has blinded corporate and bank managers","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2695.1,2697.64"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/930","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to the fact that they are sitting on a house of cards.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2697.64,2700.49"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/931","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"For real wealth cannot be measured","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2700.49,2702.19"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/932","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in pieces of paper or currency.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2702.19,2704.58"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/933","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It is what stands behind the currency,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2704.58,2706.66"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/934","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or industrial and agricultural production.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2706.66,2708.85"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/935","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And, ultimately the human resources that go into it.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2708.85,2711.986"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/936","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Whole industries in the United States have been wiped out,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2711.986,2714.688"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/937","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or left behind in the technological race with Japan.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2714.688,2719.1"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/938","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Because of this mistaken belief","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2719.1,2720.96"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/939","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that money makes the world go 'round.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2720.96,2723.53"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/940","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It isn't money, I repeat,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2723.53,2725.16"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/941","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but what's behind it.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2725.16,2726.83"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/942","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And looking at the United States today,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2726.83,2728.234"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/943","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I wonder if we can really say","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2728.234,2729.76"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/944","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that we have a strong well-balanced economy,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2729.76,2732.72"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/945","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"with so much unemployment and with no guarantee","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2732.72,2735.466"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/946","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that this recovery will not end","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2735.466,2738.61"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/947","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"as previous ones did in stagflation,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2738.61,2742.07"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/948","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or inflation with stagnation.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2742.07,2744.84"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/949","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Most economists say that the reason the dollar","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2744.84,2747.08"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/950","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"has remained strong against other currencies...","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=2747.08,2749.84"}]},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851","type":"AnnotationPage","label":{"en":["English [Transcript]"]},"items":[{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22851/annotation/951","type":"Annotation","motivation":"subtitling","body":{"type":"TextualBody","value":"https://d9jk7wjtjpu5g.cloudfront.net/file_transcripts/associated_files/000/022/851/original/AV203376_In_Banks_We_Trust_a.vtt?1613511231","format":"text/vtt","language":"en"},"target":"https://d9jk7wjtjpu5g.cloudfront.net/file_transcripts/associated_files/000/022/851/original/AV203376_In_Banks_We_Trust_a.vtt?1613511231"}]},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22852","type":"AnnotationPage","label":{"en":["AV203376_In_Banks_We_Trust_a.txt [Transcript]"]},"items":[{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795/transcript/22852/annotation/952","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"- First, thank you for waiting. I think we were a little bit late, but we were talking and we thought that in Latin America, many times we spend more time talking with friends than getting on time to a place. So I guess that's what happened today? Our speaker tonight is an investigative reporter that has more than two decades experience in Latin America. Her first book, The Cry of the People, was released in 1980 and took them into the clash between the changing Catholic Church and the United States corporate interest, receiving widespread acclamation including the Columbian University Maria Moors Cabat Award and the Sidney Hillman Foundation Book Award. She's a native of Los Angeles. She's a Phi Beta Kappa graduate to the University of Southern California. Her experience in Latin America includes working with the United States Information Agency in Bogota and three other NATO. And in 1964, she joined Copley News Service, reporting from Caracas, Buenos Aires and Bogota. Since 1975, she has worked as a freelance writer for many US publications, such as Harpers, Atlantic, Newsweek, and The Nation as a Latin American correspondent. In Latin America, she has traveled from the Rio Grande to Tierra del Fuego covering most of the difficult geography, and many times difficult aspects of Latin American politics and life, with such news as cruel revolutions, interviewing leaders, presidents, generals, labor leaders, church figures, et cetera. She has received the citation for the overseas Press Club of America. The Tom Wallace, Inter-American Press Association Award, Sigma Delta Chi Award, and an honorary PhD from Kenyon College. In 1983, she held the Howard Humphrey visiting professor chair at Macalester College in Minnesota, where she taught course in Latin America, and international banking. Her latest book just released is, In Bank We Trust, and relate the corruption between, or the connection between the CIA, the mafia, drug traders, dictators, politicians, and the Vatican. I have the pleasure to introduce Ms. Penny Lernoux. Thank you.\r\n\r\n- Good evening, everyone. I'd like to thank you very much for coming to hear me tonight. I'd like to open my talk this evening by telling you a recent, and for me dramatic experience. And I speak of it because it symbolizes the possibility, I think, of people to change and improve things, whether in the area of politics, economics, social justice, or money and human rights, which is the subject of the talk tonight. The belief that we shall overcome has been very important to me in living more than two decades in Latin America, where poverty is simply terrible, as is repression, and where it's very easy to lose hope. Paradoxically, I find a similar sense of frustration among many Americans, particularly those whom I meet on these tours, who feel that it's almost impossible to cope with big government and big management, as if there was nothing that they personally could do to make a difference. But I believe that individuals can make a difference by banding together. And proof that this is so was recently and vividly demonstrated to me during a trip to Nicaragua. Eight years ago, when I first visited Nicaragua, in 1976, I met an American nun called Peggy Healy. Peggy worked in a dusty slum on the outskirts of Managua. It was a very poor place, and Peggy lived as poorly as the people. Most of the shanty homes had no running water or electricity, the roads were not paved, and there was almost no public transport to the city. There wasn't even a cemetery, even though a child died almost daily from malnutrition, or some simple illness that could have been cured had there been any medicine. Well, Peggy Healy is a trained nurse, and while I was there, she seemed to be boiling all the time with frustration. Frustration over the lack of medicine, the lack of health clinics, and the way the Somoza government's National Guard brutalized the people because they were poor and powerless, and uneducated. Almost everyone I talked to, rich as well as poor, was afraid to speak openly because they thought that any kind of criticism of the Somoza government might get back, and of course, they could be killed. As Peggy pointed out, these poor people were the only reason for her staying there. She said that she would have gone home a long time ago if it weren't for them. And no matter how much they are beaten down every day, she said they refused to give up. Last January, I saw Peggy again for the first time since that long ago meeting in 1976. There we were back in the same neighborhood, only the name had been changed to Ciudad Sandino, and it wasn't a slum anymore, and Peggy spoke with hope instead of anger. In the interval, a revolution had occurred to overthrow the 43 year reign of the Somoza dynasty at a cost of some 40,000 lives, many of them children. It's hard to grasp the scope of suffering and determination of that revolution that succeeded in 1979, but in the smaller details, the details of a slum, I could begin to understand why, as Peggy had said, the people had refused to give up. First, there were the physical details, or all the changes that had taken place in Ciudad Sandino. The pay rose, the schools, the new health centers, a brand new market, running water for the entire neighborhood, electricity throughout, and parked in a new plaza that I had remembered as an empty lot, were half a dozen buses to take the people to town, in other words, public transport. The people had changed too. Their fear had been replaced by pride in themselves and in their barrio, and it seemed to me like a people who were on the move. Small details spoke volumes. For example, how they would sit out at night in rocking chairs to enjoy the tropical evenings. This was an unheard of practice during the Somoza government, when as soon as night would fall, everybody would lock themselves into their hut because they were afraid. One could see the same sort of change in a cemetery that had been built. There were practically no new children's graves, because massive vaccination campaigns and improved food distribution have made the death of an infant a rare event. To see these changes in Peggy's presence was for me, an emotional experience, and I think Peggy felt the same way. \"These poor people taught me \"to believe in bigger and better things,\" she said. \"They taught me hope.\" None of this is to say that revolutionary Nicaragua is a utopia, or that the country does not have an awful lot of problems, but it could hardly be otherwise. A society which for centuries has been one of repression, corruption and poverty, could not suddenly appear full-blown as a social and a political democracy. Nevertheless, the story of Ciudad Sandino reinforced my belief that even in the most backward, corrupt and repressed societies, change is possible. The importance of hope or faith, or just the refusal to give up struck me strongly when I returned from Central America. Because I had been commissioned by the Field Foundation to write a paper with some ideas that would serve as an alternative, let's say, to the Kissinger Commission's proposals on Central America. Well, knowing the hard-line attitude of the Reagan administration in Washington, and then a number of other people had attempted and failed to change our policies in Central America, I really did feel a bit like Don Quixote jousting with windmills. But that was before my visit with Peggy and the people of Ciudad Sandino, which showed me how community solidarity can help improve poor people's lives, and provide the foundations for democratic growth at the neighborhood level. Contrary to the Kissinger Commission's proposal of billions of dollars in military and economic aid for the region's military and ruling elites, the best aid that Americans can provide the Central Americans is a willingness to accompany them on a path of their own choosing. And in the current context, that means aid from private groups to organizations at the community level, which retain the seeds of democracy, no matter how much outside political persecution. Government to government aid, in my experience, and that goes way back, including the Alliance for Progress, rarely trickles down to the people, and massive infusions of money, often tend to smother and distort local efforts. Moreover, in countries like El Salvador and Honduras which have a long tradition of government corruption, billions of dollars are simply an invitation to these corrupt generals to put their hand in the taxpayers' till. It's been my experience that the best hope for democratic alternatives are grassroots groups like rural cooperatives and slum associations, which exercise an ad hoc form of democracy. Not unlike our early New England town meetings. Community organizations also reflect the political culture of Central America, which is based on loyalty to neighborhood, barrio or village. In the Nicaraguan revolution, for example, this was very obvious in how neighbors came together to make weapons for the insurgence, or to provide logistical support for them. And today, the heroes, the people that died in the revolution, are remembered by individual streets that are named for them in their barrio, their neighborhood, and not by massive monuments to the war dead. The overwhelming US presence, or interference in Central America since the beginning of this century has made many of its official aid programs suspect, particularly when it was shown that quite a few of them were used for political purposes. A case in point is the Agrarian reform in El Salvador, which bares very close similarity to the United States rural pacification programs in Vietnam. Private efforts usually do not bare such taint, and Americans who participate in such programs are often better ambassadors of Goodwill than embassy personnel, who after all, are employed to represent their government's viewpoint. Thus, aid programs should not be directed by government agencies, but by private groups like religious organizations, farmers, associations, educational foundations and universities, labor groups, cooperatives, women's organizations, chambers of commerce, the sports federations, you name it. In other words, all the intermediate groups that make up the social fabric of US democracy. Now these groups have a great deal more to say to the intermediate groups that are so sorely needed in Central America. Then too, the record of private initiative has proved infinitely more effective and less costly than official US aid programs. In the category of foreign givers, there is a special group that falls outside the technicians and planners, and which the Central Americans call the Good Samaritans, or people who give of their time, and sometimes risk their lives to go down to Central America to see the reality firsthand and try to understand it, and at the same time, to provide a gesture, a form of protest against Washington's policies in the region. This is particularly true in Nicaragua, where peace groups have traveled to the war-torn Northern borders, often at considered risks to their own lives, in order to protest the CIA's war against Nicaragua. In the longer view, such gestures are extremely important because the goodwill that is inherent in them will stand as a testimony to the principles of Americans, in contrast to an unprincipled official US policy. Unlike Vietnam, which is geographically distant from us and has spun off into its own geopolitical orb, the Central Americans will continue to be our neighbors and to maintain social and economic, and cultural ties with us. The empathy now shown by private individuals and organizations will play a significant role in maintaining those ties in the future. Such gestures are also important for ourselves, as an act of conscience reaffirming our commitment to democratic principles. Balanced against that conviction, I must also admit that I've been deeply concerned by comments in which I frequently hear from American colleagues and friends, that the only way the American public will be galvanized against our policy in Central America is that if enough American blood is shed there. In other words, if President Reagan sends in American troops. As a supposedly hard-bitten journalist, I know that the self interest angle always sells a story. Nevertheless, I object to the idea that a lot of people, particularly young people, must die in order that we shall listen. And yet that's pretty much the record. The first time Americans paid any serious attention to developments in El Salvador, it was in response to the murder of four American women religious there. And if anything turned American opinion against Somoza, it was the murder of an American reporter that was shown live on television. My conclusion, therefore, is that if we're going to go out and fight for a hope or commitment, we have to be prepared to use arguments of self-interest. The high moral ground, the gesture is extremely important, as demonstrated by the Reagan administration's failure to convince religious leaders of the rightness of the policy in Central America, or to diffuse the crowds that have gathered to the peace banners of human rights and religious organizations concerned with Central America. Yet, to gain more adherence to the cause of peace, more attention must be paid to that old argument, \"What's in it for me?\" What's in it is this. First, Central American observers unanimously agree that it is only a matter of time before the Salvadoran insurgents achieve a definitive military victory. It is also generally agreed, including not only by Central Americans but by high ranking American diplomats in the area, that president Reagan, to stop such a victory would send in American troops, even, according to the American ambassador in Managua, if it were the day before US elections. Nearly 40,000 Salvadorans have died today. Most of them, according to the archdiocese diocese of San Salvador at the hands of security forces closely connected to the government. A government I should add that owes much of its survival to our aid, financing, training, and army. Well, a massive US invasion will only lead to more deaths. Furthermore, it will unite most Salvadorans. You see, what is not understood in the Salvadoran process any more than it was under stood in Nicaragua or in Vietnam is that Marxism is not the motor behind these insurrections, but nationalism or patriotism, and that you are not going to be able to destroy. The counter Dora countries or Mexico, Panama, Venezuela and Colombia have since early last year been engaged in a diplomatic marathon to end the regional strife in Central America, all to no avail, because Washington continues to insist that tiny impoverished El Salvador is the battlefield between East and West. And if this so-called domino should fall so will the rest of Central America. Mexico, which is supposedly the main cause for Washington's concern takes quite the opposite viewpoint, of maintaining a continued strife is more of a danger because it could overflow its Southern borders, than a leftist government in El Salvador Says Mexico's foreign minister, Bernardo Sepulveda, \"Each country has its own requirements, \"its own institution's traditions and history. \"To say that a change a revolution in one country \"will precipitate upheaval in all its neighbors \"in succession is not an expression \"of sympathy with any of them, \"it is a statement of contempt.\" Second contempt or plain stupidity directs us policy toward Nicaragua, which is trying to find its own political path, despite Washington's every effort to push it into the arms of the socialist block, by refusing Nicaragua US aide, and by making more on its Northern and Southern borders. As the Pentagon itself admits, the CIA's counter-revolutionaries have no chance of achieving a military victory against the Sandinistas. And therefore this war of attrition is a means really of only harassing and causing troubles for the government in Managua. The original reason given for such a war was to interdict supposed arms shipments from Nicaragua to the insurgents in El Salvador. But when no evidence of such arms shipments could be found Washington changed the reason to explain that somehow this war was going to pressure the Sandinistas to be more democratic. Well, I was in Nicaragua, as I said in January. And I saw the results, which proved just the opposite. At the end of January, Honduran airplanes and Contra counter-revolution airplanes came over the border and bombed the Northern parts of Nicaragua. This was just in the same week that the Sandinistas were to open the election campaign for elections later this year. Well, after the bombing took place, the Sandinista leadership immediately said, \"We have canceled the electoral process indefinitely \"because we can't hold an election \"in the middle of the war.\" Well, they later changed their minds, and the elections will go forward, two days, by the way, before elections in the United States. A deliberate political decision, I should add. But if democracy is what we're trying to encourage in Nicaragua, I think we're going about it in a very peculiar way. Not only are we pushing the Nicaraguans into the arms of the Soviets, by giving them no opportunity to obtain aid from us, and therefore forcing them to go to seek aid from the socialist block, but we are supporting a counter-revolutionary army, that's composed almost entirely of these brutal national guardsman from Samoza's time. Now let me give you just two examples to explain the illogic of the thing. The Nicaraguans would like to be able to buy American wheat. United States refuses to give or sell them American wheat. So along come the Soviets and say, \"You want American wheat, we've bought lots of American, \"we've got lots of American wheat. \"You want American wheat? \"We're gonna give you the American wheat.\" I mean, it's absurd. As to these national guardsmen, I mean, I know I was there to see their brutality. In 1976, when I first went up there, I went up to Zelaya, which is a Northeastern part of Nicaragua rainforest to check out reports from the Catholic Church that the National Guard had massacred some 300 peasants. It was true. I saw the mass graves. I also saw a little boy of eight years old castrated and hanging from a tree. This was the work of the National Guard. I won't go into the rapes, the rest of the brutalities, but these are our allies. I think we should think about that. Our wars in Central America are also costing taxpayers millions of dollars. And if the Kissinger Commission's proposals are adopted, they will cost billions of dollars. Yet we have no strategic, or important economic interest in Central America. And to date, the only thing that our money has achieved in the area is more killing. If we continue on this course, the cost will be even higher. And here are the points of self-interest. First, many of our young people will be killed in a remote jungle in a war that most Americans neither understand nor support. Contrary to the Reagan administration's expectations an invasion of El Salvador and or Nicaragua would not be a quick mop-up operation like Grenada, but a long drawn out war against battle toughened armies on difficult terrain, which the majority of the population would be hostile to US forces. Second, the United States has many needs and problems at home without adding the tax payers burden, by financing a war in distant region, which most of us don't even understand. Forward the return of peace in Central America will reduce the refugee flow into the United States, thereby safeguarding American jobs, contrary to the Reagan administration's claim that a so-called brown tide of feet people will invade the United States if a leftist government comes to power in El Salvador. Most of the refugees that have flowed out of Central America in the past four years are poverty-stricken peasants that have been burned and starved off their lands by right-winged regimes. Case in point is Nicaragua. Under Samoza, nearly 1 million Nicaraguans fled the country. After the revolution when he was overthrown, most of them returned to Nicaragua. And finally, Washington's obsession with Central America has blinded it to the much bigger fire burning in South America, where the United States does have important political, economic, and strategic interests. And that fire is in an astronomical foreign debt, which none of the countries can repay. And which has so crippled the region's finances that most of them are undergoing the worst economic storms since the depression. Growth rates are averaging zero or less. 50 to 60% of the labor force is either unemployed or underemployed. An economists in the Southern Cone, or we say the the bottom part of South America calculate that two decades of industrial development have been wiped out in Brazil, Argentina and Chile. Signs of rising tensions abound, and constant demonstrations in Chili, in mob sackings of supermarkets throughout Brazil, riots in Bolivia and the election of a Marxist mayor in Lima, the politically tense capital of Peru. Democracy or dictatorship all face political turmoil because of the harsh austerity measures imposed to repay the foreign debt. Or as one Brazilian banker told me, \"Economic conditions have created the possibility \"that the social fabric could be rent Rent-A-Center.\" Our self-interest in South America is as least as significant as that in Central America Because if one of the big debtors, say Brazil should default on its debt, it could bring down the entire US banking system. Whereas a Canadian banker told me in Sao Paulo, I was there only recently. The crash of 1929 was a birthday party, compared to the dangers now facing the West financial system. A few statistics illustrate the danger. Latin America has a $350 billion debt. Two thirds of that debt is held by American banks, and two-thirds of that debt is concentrated in South America. Citibank the nation's second largest bank has more on loan to Brazil, just one country, than it's entire shareholders capital. Altogether. the nine largest banks in this country have more on loan to three countries, Argentina, Mexico, and Brazil, than their entire shareholders' capital. My original interest in banks stemmed from the obvious negative effects that this terrible foreign debt was having on the already low standard of living of the majority of the people. But it soon became clear that the debt issue was a two-edged sword because Americans could also end up paying. As I discovered in researching my latest book, In Banks We Trust, a go-go atmosphere has developed in banking that encourages, even rewards the gamblers to take chances, not only abroad, but at home. Bank profits in South America have been enormous. Over at 100% in Brazil in 1982, for example. But so too the risks. Today, US bank regulators record the highest number of troubled financial institutions since the depression. According to the FDIC, which is one of three federal bank regulatory agencies, more than 600 banks in this country are in danger of failing. I don't know if that 600 includes any big ones, but it wouldn't surprise me because they owe more than they own. A good yardstick of the banks predicament is profits and stock prices. While other industries have been reporting an upturn in earnings profits for America's 15 largest banks slumped by 42% in the third quarter of last year. Share prices are down, and pension fund managers and other large institutional managers are dumping bank stock because as one analyst put it, many investors are looking down a dark hallway of international lending and seeing visions that would make the boldest risk takers pale. Small and medium-sized US banks already are writing off their Latin American loans, but the write offs for the big banks could make some insolvent. Last year, for example, Chase Manhattan had to write off $2 billion in non-performing loans, or loans on which no interest was paid, or is being paid very late. And most of those loans were in Latin America. There is a saying in banking circles, which is a paraphrase of John Maynard Keynes, and it is this... \"If you owe your bank $1 million, you're in trouble. \"If you owe the bank $1 billion, the bank's in trouble. \"But if you owe the bank $100 billion, \"the world is in trouble.\" Today, Brazil's debt is $100 billion, and Brazil is in bad trouble. Since early last year, it has been consistently in a rears on its interest payments, not for a few hundred million dollars, but for billions of dollars. And Brazil is only one of three dozen countries in the developing nations, which cannot pay its debts, including 21 countries in Latin America. Some such as Bolivia, Costa Rica, Venezuela and Argentina have followed Brazil's example in suspending interest payments. And meanwhile, the regions finance ministers are meeting on an almost monthly basis to coordinate debt negotiations. Although we have not yet reached the point of a debt cartel. Even if these nations do not declare a unilateral moratorium, it is widely recognized that most of the loans will never come back, or come back only over a very long time. To quote a well-known New York investment banker, Felix Rohatyn, that's most US bankers no longer speak of countries repaying the debt, but of their managing the debt. While most economists foresee a black hole of de facto moratoriums instead of a sudden explosion, the medium to long-term effects for the US financial system will be severe in either case. As pointed out by the controller of the currency, unlike small banks, all US banks are heavily dependent on funds from the money markets, which are like a floating crap game, with billions of dollars in volatiles, billions of volatile dollars shifting from one bank to another on a half point difference in interest rates. At least 40% of these funds are deposits of less than 30 days. Thus says the comptroller, large banks are very vulnerable to very rapid withdrawals of funds if financial markets lose confidence in them. If for example, one of their big debtors defaults, say Brazil. Since banks are closely interrelated, a problem at one large bank can infect all the others. Although many Americans are convinced that we cannot have another crash of 1929 because of government insurance of bank deposits, the reality is that the Federal Deposit Insurance Corporation does not have the funds to stop a major bank run. Moreover, one third of those total deposits are not insured, because they go over the hundred thousand dollar limit. Many of these uninsured accounts do not belong to millionaires, but to little people, pension funds, credit unions, et cetera. In 1982, when the Penn Square Bank collapsed in Oklahoma, and pension funds and credit unions lost $129 million in uninsured deposits. So you see it can happen. At the very least, the government will have to step in to bail out the banks and the bail-out, by the way, has already begun. Since 1982, the Reagan administration has given Brazil and Mexico $5 billion so that they could repay American banks. This is on top of $8 billion that was given to the International Monetary Fund so that it could lend money to the developing countries so that they could repay the likes of Chase Manhattan and Citibank. Economists say such bailouts make a mockery of Reaganomics because they undercut the administration's fight against inflation. By buying up defaulted loans with dollars, Washington is increasing the money supply around the world, while simultaneously undermining the drive to control the federal budget. One argument for pushing towards a balanced budget is that if the federal government stopped running deficits the treasury would stop having to issue obligations to cover it. But with the treasury taking responsibility for foreign debt, there's no point in balancing just the US budget. How did US banks get into such a mess? Looking back, historians may say that it was a result of their overweening greed. But I think that may only be true in part. In the 1970s, when the world was awash with petro dollars, many bankers thought that they could not only make tremendous profits, but also provide a service by recycling the dollars from the newly oil rich oil exporting countries, to the developing countries that had no oil. The stampede to lend money began in 1973, when oil prices skyrocketed, and private banks stuffed with Arab cash sought new customers in the third world. Up until then, most developing nations had depended on other governments, or multi-lateral institutions like the World Bank for their lending needs, But in less than a decade, that situation had completely reversed, with commercial banks providing two-thirds of the loans. When the boom started most large US and European banks already had branches in these countries to serve their multi-national clients. But it was only when small and medium-sized banks joined the majors that third world lending was wrapped with a fever of a gold rush. As bankers readily admit, lending tends to be a sheep-like exercise. So, if one bank is lending to X country, all the other banks want a piece of the action. But the loan pushing bankers did not consider the possibility that these loans might not be repaid. Not even did they not... They didn't even consider that, but they didn't consider the likelihood that the interest would not be repaid. Among those to complain about the loan pushing was the Prime Minister of Peru at that time, Manuel Ulloa, whose country by the way, had been bankrupt in 1975, but five years later at an IMF meeting in Washington had become the toast of bankers. The Prime Minister said that he could hardly face going back to his hotel, because six different banks were waiting for him. What did he mean by that? It wasn't only that they were throwing the money at him, they were practically shoving it down their throats. Of course, many of the governments were corrupt, and only too glad to take such handouts, which were immediately diverted to Swiss bank accounts and used for flashing armaments and expensive palaces. One student of Argentina, for example, calculates that under the countries last military regime, one ninth of $18 billion borrowed went for airplanes and access at missiles, which of course the Argentine generals promptly lost in the Falklands War. While another 12 billion was siphoned off for condos in Miami, bonds in New York, and ski lodges is in Vail. The Latin American people rarely had anything to say about this of course, because most of them were ruled by military regimes. Some money did go into useful investments, such as hydroelectric schemes, but even in Brazil, which bankers still generally regard as a nation that tried to administer its debt wisely, billions of dollars were siphoned off by the military and social elites. The point missed by outside creditors is that modernization does not necessarily mean progress. While the Latin nations have the most advanced economies in the third world, much of the region society is as an unequal as any feudal land. United nations statistics show that the poorest 40% of the population received only 5.4% of the region's income in 1982, or less than they did in 1960. Meanwhile, the richest 10% increased it's take from 46 to 47%. This is compared to the United States, or the 10 wealthiest, 10%. The top of the income brackets take 26% of the national wealth. And its rush to modernize, Latin America also became extraordinarily dependent. Dependent on the banks because of the foreign debt. Dependent on foreign trade to service the debt, and dependent on foreign multi-nationals, which dominate industry and agriculture. When the world recession struck in the early 1980s, that dependence became a tremendous burden. Export earnings fell at the same time that debt service rose, choking these economies in a double vice. Unable to repay bank loans, thousands of industries collapsed adding to already high rates of unemployment. And the governments which was squeezed by their foreign creditors, slashed or completely canceled subsidies for things like basic food inputs, which in some countries like Peru may mean the difference between survival and starvation. So, this too added to the misery of the already miserable lot of the poor in Latin America. As dissident Latin American economists point out, economic dependence was not some act of God, but the result of policies followed by the regions elites, at the urging of the International Monetary Fund, the World Bank, and the United States Agency for International Development. Instead of developing internal markets, as we in the United States did in the 19th century, governments redirected their economies to export markets dependent on cheap local labor. Foreign loans were conditioned on free market policies that enabled multi-national corporations to take over a lot of the local industries. And in order to pay for the infrastructure, the technology and the profit remittances demand by these new export industries, governments ran up huge foreign debts. Since the 1970s when the money go round began, there has been one common factor in all these countries, despite political social, cultural, and historical differences. And that is the growth of poverty with foreign debt. Put another way, the money borrowed by Latin America did not go to develop its human resources, and rarely was it used efficiently for agricultural and industrial development. This creates a vicious circle. If a people have no chance to advance in the workplace, the economy will stagnate. And if the economy is not performing, the government will be unable to repay its debts. Sadly, world trade hastened the region's economic collapse, but the Reagan administration administered the cuda gras with unprecedented interest rates that tacked billions of dollars onto the regions dollar denominated debt. For example, every time interest rates in the United States go by one point, Brazil must pay between 500 and $750 million more an its interest. As the Brazilians point out, a sizeable portion of their debt is unreal. Money they never received, but that was interest added on because of an experiment with the free market policies of Milton Friedman. It used to be said in banking circles that any country that spent more than 25% of its export earnings to service the debt was a bad risk. But long after that watershed had been passed in Latin America, US banks continue to pour in billions of dollars. Argentina, for example, has a debt of $43 billion. To meet amortization and short-term obligations, the government would need 135% of its export earnings. That's impossible, obviously. Every worker in Latin America's 112 million strong labor force is in hock for $2,525 to the foreign banks. Even though most of them earn less than $1,200 a year. The figures describe a Kafkaesque world, in which illiterate, under nourished peasants are somehow supposed to come up with $1 trillion, which will be the developing worlds debt by 1986. European, Canadian and South American bankers have all told me that the only alternative to debt default is to renegotiate the region's debt, at lower interest rates, and at much longer periods of repayment. So the local economies can begin to breathe again and produce in order to repay the debt. But their vision has been ignored by the large US banks, which dominate the picture, and which are as short sighted about debt negotiations, as in my opinion the Reagan administration has been about Central America. Even now, when many countries are teetering on the edge of default, these banks are charging exorbitant fees merely to postpone interest payments for a few months. But the results say economists and bankers from other countries is that the banks are only hastening default. Foreign debt pushed Latin America into a depression, said one expert, and that debt will keep it there, long after the rest of the world recovers. In fact, the rate of recovery in the United States might've been faster had it not been for the debt in Latin America. US exports to the big debtors are way down, some cases by 50%. And because Latin America is the United States' biggest client in the third world, that has meant the loss of thousands of jobs in our country. Many more, for example than during the automobile industry's recession. Because it lacks the violent immediacy of the Central American wars however, South America's critical condition tends to be ignored by most Americans. Yet, if we are speaking in terms of the American self-interest, the impact of these countries could be far more devastating, not only on jobs, but on the stability of our entire financial system. The South Americans are much more aware of the shared dangers. Auto workers in Sao Paulo, for example, which once was the industrial hub of Latin America, but is now in deep depression, complained that American workers do not perceive that both Americans and Brazilians are paying for the financial money go round. Auto workers in both countries have lost jobs because of impossibly high interest rates, and the debt squeeze, and because corporations have found they can make more money short-term by gambling on the money markets, instead of improving or investing in longer term industrial production. During the last credit crunch, for example, industries in the United States gray belt, industrial states often close shop or reduce production because they could not get bank loans at reasonable rates. Why? Because the banks were lending to Brazil because it was so much more profitable. But now that Brazil cannot pay, the banks are looking to a taxpayers bail out, And that will include the people who live in those industrial states. As in Brazil, where the banks mistakenly equated paper profits with economic development, so too in the United States where the concern for quarterly balance sheets has blinded corporate and bank managers to the fact that they are sitting on a house of cards. For real wealth cannot be measured in pieces of paper or currency. It is what stands behind the currency, or industrial and agricultural production. And, ultimately the human resources that go into it. Whole industries in the United States have been wiped out, or left behind in the technological race with Japan. Because of this mistaken belief that money makes the world go 'round. It isn't money, I repeat, but what's behind it. And looking at the United States today, I wonder if we can really say that we have a strong well-balanced economy, with so much unemployment and with no guarantee that this recovery will not end as previous ones did in stagflation, or inflation with stagnation. Most economists say that the reason the dollar has remained strong against other currencies...","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105795#t=0.0,2754.792"}]}]},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796","type":"Canvas","label":{"en":["Media File 2 of 2 - AV203376_In_Banks_We_Trust_b.mp3"]},"duration":1853.232,"width":640,"height":40,"thumbnail":[{"id":"https://d9jk7wjtjpu5g.cloudfront.net/collection_resource_files/thumbnails/000/105/796/small/lecture.png?1613511234","type":"Image","format":"image/png"}],"items":[{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/content/1","type":"AnnotationPage","items":[{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/content/2/annotation/1","type":"Annotation","motivation":"painting","body":{"id":"https://aviary-p-iastate.s3.wasabisys.com/collection_resource_files/resource_files/000/105/796/original/AV203376_In_Banks_We_Trust_b.mp3?1613511234","type":"Audio","format":"audio/mpeg","duration":1853.232,"width":640,"height":40},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796","metadata":[]}]}],"annotations":[{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853","type":"AnnotationPage","label":{"en":["AV203376_In_Banks_We_Trust_b.vtt [Transcript]"]},"items":[{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/1","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e Narrator:\u003c/strong\u003e Moving their money","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=5.15,6.26"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/2","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but they did provide a long educational process","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=6.26,9.9"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/3","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for the people in Congress.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=9.9,11.68"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/4","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And that process has now led to a reversal,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=11.68,15.86"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/5","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I think, in the trend in Congress, toward bank deregulation.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=15.86,19.89"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/6","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And now Congress persons are saying,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=19.89,21.597"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/7","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"Wait a minute, We better stop this deregulation.\"","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=21.597,26.53"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/8","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"At the same time, we've now seen the beginning","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=26.53,28.85"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/9","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of emergency new laws, that force the banks","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=28.85,32.01"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/10","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to reveal more about their loans to places","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=32.01,34.75"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/11","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"like Latin America.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=34.75,36.91"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/12","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The fact that enough people cared to dissent,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=36.91,39.72"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/13","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"deed hold lobbies were formed.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=39.72,42.1"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/14","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Not just on one side of the political spectrum,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=42.1,44.59"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/15","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but all over from right to left.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=44.59,46.95"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/16","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And this shows that when individuals do band together","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=46.95,51.02"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/17","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"they can achieve something.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=51.02,52.563"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/18","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Of course, such action can only be a panacea.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=53.57,56.32"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/19","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So long as we Americans are afraid","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=56.32,58.6"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/20","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to discuss basic economic issues.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=58.6,61.6"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/21","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Afraid to question the structures of capitalism.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=61.6,64.81"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/22","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And I have to say to you,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=64.81,66.42"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/23","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I've been on the lecture tour since 1980.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=66.42,68.127"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/24","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And so often when I go out on the campus,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=68.127,71.18"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/25","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and I used the word capitalism, everybody gets upset.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=71.18,73.943"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/26","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So don't use that word.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=73.943,75.21"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/27","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Say private enterprise.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=75.21,77.13"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/28","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I mean, I find this is shocking.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=77.13,79.38"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/29","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Why don't we call it by its real name?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=79.38,81.88"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/30","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"What are we afraid of?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=81.88,82.98"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/31","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And I think we oughta be also be aware","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=84.03,86.22"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/32","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that those structures are 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country,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=91.09,92.63"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/35","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in our ghettos and among our minorities.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=92.63,94.803"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/36","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"One of the reasons I think that we're afraid to talk","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=95.83,98.36"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/37","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"about economics is that we have been convinced","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=98.36,100.55"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/38","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that it is a science and that only the economist,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=100.55,104.76"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/39","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the scientist, the economic witch doctors can understand it.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=104.76,108.16"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/40","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"That's precisely what happened to me","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=108.16,109.51"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/41","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"when I started to investigate banks.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=109.51,111.55"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/42","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I couldn't understand what they were saying.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=111.55,113.76"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/43","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I had to buy a special dictionary.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=113.76,115.653"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/44","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But I soon 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loans.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=123.54,126.76"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/49","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And to vail out the countries I said to him,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=126.76,129.54"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/50","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the title was \"Cross Border Currency Lending.\"","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=129.54,132.717"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/51","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I couldn't understand, what does cross border currency mean?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=134.36,137.35"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/52","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"This is all that's just foreign 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extent,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=141.64,145.56"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/55","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"because the bankers don't want the people to see the emperor","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=145.56,148.57"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/56","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"without his clothes.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=148.57,150.29"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/57","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"In other words,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=150.29,151.123"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/58","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"what the depositor doesn't 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trust.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=216.05,217.41"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/85","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It's not their money, but our money.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=217.41,219.343"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/86","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And we are also reluctant to challenge our 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Nicaragua.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=238.27,239.97"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/93","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"When I went there that first time in 1976,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=239.97,242.94"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/94","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"there were no more than 50 militants throughout the country.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=242.94,246.49"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/95","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"If anyone at that point, had said \"Three years from now","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=246.49,249.76"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/96","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Penny, there will be a successful revolution,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=249.76,251.94"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/97","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in which the majority of the people will have participated","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=251.94,253.97"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/98","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to overthrow Somoza.\"","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=253.97,255.45"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/99","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I wouldn't have believed him, it happened.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=255.45,258.52"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/100","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Chose it, the seeds of revolution were there,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=258.52,260.73"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/101","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but we just didn't see them.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=260.73,263.45"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/102","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Such two was the 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empire.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=267.02,269.783"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/105","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Commitment to change is not easy as all of us","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=271.07,273.57"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/106","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"who are committed to the change,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=273.57,275.754"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/107","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"behalf of the poor majorities in Latin America have learned,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=275.754,279.85"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/108","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but it has always been so.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=279.85,281.62"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/109","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"As Gabriel told Joseph and Autumns for the time being","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=281.62,285.12"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/110","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to choose what is difficult all one's days","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=285.12,288.27"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/111","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"as if it were easy, that is faith.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=288.27,290.393"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/112","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Thank you very much for hearing me out tonight.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=291.36,294.222"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/113","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"(audience claps)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=294.222,296.972"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/114","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"If you have any questions I'll be glad to answer.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=305.61,307.63"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/115","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Yes.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=307.63,308.969"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/116","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e Man:\u003c/strong\u003e If the parenting systems were to play off","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=308.969,311.419"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/117","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"what sort of scenario (indistinct) for the world?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=312.38,317.38"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/118","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e Narrator:\u003c/strong\u003e Well see,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=317.9,318.762"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/119","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"what bothers me about all of this and mind you,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=318.762,320.31"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/120","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I try not to sound sensations, but I mean,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=320.31,322.347"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/121","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"if you had talked to some of those bankers","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=322.347,324.63"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/122","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that I've been talking to","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=324.63,326.37"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/123","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or other people in the know","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=326.37,327.85"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/124","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"they're even worse than what I have told you.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=327.85,330.6"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/125","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The worrisome thing is that there is no emergency plan.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=330.6,334.53"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/126","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"There's no emergency plan in Washington,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=334.53,336.9"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/127","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"nor is there any within central bankers","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=336.9,338.61"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/128","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of the European countries.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=338.61,340.35"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/129","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And the problem is that banks are so intermarried","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=340.35,343.62"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/130","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that if something happens unexpectedly and let's say Bolivia","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=343.62,348.62"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/131","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or The Bahamas,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=348.85,350.35"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/132","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"this can unravel the whole blanket","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=350.35,352.57"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/133","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and we don't have any plan to deal with it.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=352.57,356.05"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/134","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I assume if push came to shove","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=356.05,358.56"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/135","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that the government of the United States","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=358.56,359.66"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/136","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is not gonna let one of his biggest banks go under","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=359.66,362.19"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/137","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and they would step forward and bail out the banks.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=362.19,364.84"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/138","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The alternative, if they didn't do that","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=364.84,366.58"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/139","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"would be a depression, far worse","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=366.58,369.38"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/140","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and what happened in 1929, it's a very scary situation.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=369.38,373.72"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/141","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And what's most scary is that","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=373.72,375.16"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/142","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"no attention is being paid to this problem.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=375.16,377.91"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/143","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Other questions?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=380.22,381.193"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/144","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Yeah.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=383.17,384.542"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/145","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e Man:\u003c/strong\u003e I've been seeing how the business","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=384.542,387.024"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/146","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"(indistinct) with a lot of money to live","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=387.024,389.334"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/147","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is to lend more and more and more like (indistinct)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=389.334,392.895"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/148","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"can you actually tell us why South America is such","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=392.895,396.066"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/149","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"a lucrative place to lucratively lend money","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=396.066,398.783"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/150","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in the first place, the previous 50 60 years?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=398.783,402.533"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/151","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e Lady:\u003c/strong\u003e Yeah, well,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=403.82,404.653"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/152","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I mentioned this statistic of profits for foreign banks","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=404.653,408.31"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/153","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in Brazil in 1982.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=408.31,409.93"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/154","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"That was just the average","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=409.93,411.52"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/155","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"some of the banks were making up the 182%.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=411.52,415.36"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/156","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Citibank, for example,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=415.36,416.36"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/157","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"makes about 22% of us worldwide profits just from Brazil.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=416.36,420.6"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/158","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The thing is that we here in the States, you know,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=420.6,422.587"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/159","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"if you get 15 to 20% profit","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=422.587,425.511"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/160","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"you think that's a good profit,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=425.511,427.39"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/161","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but down there and Latin America traditionally","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=427.39,429.94"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/162","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"foreign banks have expected at least 50 to 60%.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=429.94,434.94"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/163","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So, and oftentimes, you know, going over that,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=435.87,439.33"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/164","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"it's very short term kind of profit in the sense that,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=439.33,443.111"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/165","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"you know, you're like a gambler.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=443.111,444.65"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/166","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"You're taking it in by the, the bolos now,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=444.65,449.42"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/167","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but what's going to happen a little farther down the road.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=449.42,452.21"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/168","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I don't know.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=452.21,453.043"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/169","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Traditionally, you know,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=453.88,455.05"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/170","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"you also look talk to historians about","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=455.05,456.98"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/171","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the parallels with a period.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=456.98,458.69"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/172","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I think this is also what you're talking about.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=458.69,460.22"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/173","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"That led up to 1929.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=460.22,462.083"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/174","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And there are a lot of parallels now, within.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=463.02,466.96"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/175","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"One of them, it was the excessive lending by American banks","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=466.96,470.66"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/176","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to places like Latin America,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=470.66,472.64"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/177","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"except in those days it wouldn't call loans.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=472.64,474.55"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/178","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It would called bonds.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=474.55,476.08"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/179","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And they all defaulted.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=476.08,477.523"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/180","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"All the countries in Latin America for three","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=478.63,481.13"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/181","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"defaulted and sum up two and three decades.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=481.13,485.15"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/182","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And two of those countries that did not default were","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=485.15,488.88"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/183","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"occupied by the Marines.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=488.88,490.17"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/184","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So yeah, there are precedents","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=490.17,492.74"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/185","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for defaults down there.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=492.74,495.29"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/186","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We've defaulted, you know.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=495.29,496.94"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/187","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The state of Mississippi by the way is never did repay.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=496.94,500.55"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/188","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And there's a whole association in Britain","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=500.55,502.91"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/189","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that's still demanding repayment.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=502.91,504.82"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/190","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I mean, we're not in entirely good position","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=504.82,506.91"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/191","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to throw the first stone.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=506.91,509.1"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/192","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But I think that the reason they went into Latin America,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=509.1,512.423"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/193","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"it's such a scale was because","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=513.43,515.8"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/194","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"not only were the profits so good","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=516.668,518.407"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/195","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but they traditionally had relations with the region,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=518.407,521.343"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/196","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the multinational corporations","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=524.36,525.83"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/197","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"had their largest investments there.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=525.83,528.36"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/198","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"They looked at Brazil, it looked at Argentina,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=528.36,530.63"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/199","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Oh gee, you know, this is a great future.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=530.63,532.34"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/200","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"There's nothing can possibly happen here.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=532.34,534.68"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/201","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Although I suspect talking to Congress persons","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=534.68,537.91"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/202","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that some of them of the big banks went in there","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=537.91,540.52"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/203","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"not ever expecting to be repaid.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=540.52,542.88"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/204","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"At least they didn't think in those terms,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=542.88,544.68"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/205","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"they thought of what we call the blender of last resort.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=544.68,548.77"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/206","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"In other words, Congress people have said","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=548.77,550.9"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/207","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"they didn't think the banks were concerned really","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=550.9,553.57"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/208","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"about whether the loan would be repaid,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=553.57,555.71"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/209","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but who was going to be the lender of last resort.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=555.71,558.34"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/210","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The lender of last resort is what it sounds like.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=558.34,561.18"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/211","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It's the last resort.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=561.18,562.34"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/212","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And that's the person who comes to bail you out.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=562.34,564.6"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/213","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Well, in this case, the US treasury,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=564.6,567.02"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/214","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and that's been the assumption all along I think","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=567.02,569.34"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/215","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for the lending to these countries,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=569.34,571.31"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/216","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"by our big American banks, that if push came to shove,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=571.31,575.01"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/217","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the American government could never allow","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=575.01,576.85"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/218","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"our big banks to go under.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=576.85,578.283"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/219","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Yeah.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=580.37,581.631"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/220","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e Man:\u003c/strong\u003e (indistinct)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=581.631,584.714"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/221","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e Lady:\u003c/strong\u003e That's a capital, shareholders capital.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=585.73,588.13"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/222","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Shareholders capital is about 4.8 billion.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=589.42,592.93"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/223","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Citibank has loaned over 5 billion to Brazil.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=592.93,596.003"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/224","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Well, that is the total equity that let's say, eh,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=597.46,600.907"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/225","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"you own a shoe store, right?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=602.54,605.89"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/226","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"You put so much money into the capital into the,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=605.89,609.56"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/227","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to the shoe stores.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=609.56,611.34"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/228","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Do you understand what the capital?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=611.34,613.083"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/229","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Well, I mean, what happens...","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=615.32,617.97"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/230","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Yes but you see that the capital has to stand behind","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=617.97,621.76"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/231","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the possibility of the loans falling.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=621.76,624.26"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/232","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"You can't use the deposits to do that.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=624.26,626.263"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/233","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I mean, you have put money in the bank, right?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=628.62,632.04"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/234","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And the bank has problem with collecting from your neighbor","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=632.04,635.5"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/235","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"here on her car or loan,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=635.5,638.55"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/236","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the bank can't use your deposit to cover that loan.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=638.55,641.51"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/237","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"No way, it has to use his capital base,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=641.51,644.59"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/238","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or they have what they call loan loss reserves,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=644.59,647.59"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/239","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but it's essentially it's capital.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=647.59,649.94"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/240","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And so you could imagine,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=649.94,652.14"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/241","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"with a capital base of 4.8 billion,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=652.14,655.8"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/242","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I mean, I can't get,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=655.8,657.02"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/243","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I don't know how much Citibank has on loan","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=657.02,658.77"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/244","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"total to the other countries, but it has to be,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=658.77,660.83"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/245","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"you were talking in a range of maybe $15 billion","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=660.83,663.78"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/246","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for Latin America at least","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=663.78,665.9"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/247","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"as it was three times its total capital.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=665.9,667.9"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/248","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So, and there are bank laws in our country that say","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=669.56,673.32"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/249","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"if after a certain period of time, the loan is not being","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=673.32,676.7"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/250","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"interest on the loan is not being repaid.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=676.7,678.53"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/251","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The bank has got to start to write that off as a loss,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=678.53,681.533"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/252","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that's gonna affect the capital.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=682.57,684.57"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/253","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"That's gonna affect the profits, the share and everything.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=684.57,687.783"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/254","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Is bad news.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=690.85,691.683"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/255","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"In other words, effectively, Citibank would be bust.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=693.41,696.823"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/256","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It owes more than it owns.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=698.49,700.9"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/257","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"That's what it comes down.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=700.9,702.2"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/258","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Yeah.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=703.22,704.149"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/259","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e Man:\u003c/strong\u003e (indistinct)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=704.149,707.232"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/260","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"[Narrator] Some of my more pessimistic friends think,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=709.651,711.54"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/261","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"cause you know,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=711.54,712.88"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/262","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"it's around the corner. I do believe,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=712.88,714.783"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/263","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I think I follow the economist very carefully","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=714.783,717.74"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/264","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"because they tend to have a vision","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=717.74,719.55"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/265","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"they're able to stand back.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=720.64,722.03"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/266","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"They talk about apocalypse tomorrow","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=722.03,724.83"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/267","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"rather than apocalypse today","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=724.83,726.76"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/268","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"because the bankers would rather have it that way.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=726.76,729.76"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/269","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I don't know, but it has to be coming.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=729.76,731.46"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/270","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I'm not saying it's gonna happen tomorrow","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=731.46,733.54"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/271","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or even necessarily this year,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=733.54,735.18"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/272","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"although something could happen this year,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=735.18,736.76"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/273","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but it cannot continue.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=736.76,738.2"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/274","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It's gonna happen within the next few years.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=738.2,740.453"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/275","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Yes. Because I mean, just look at the situation","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=741.8,743.58"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/276","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in Brazil, for example,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=743.58,744.53"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/277","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I had to keep harping on Brazil,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=744.53,747.577"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/278","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but this typical of all the rest of them,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=747.577,749.01"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/279","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"it is the biggest debtor.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=749.01,750.56"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/280","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"If it pays just as interest this year,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=750.56,753.08"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/281","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that means it has to use up 98% of its export earnings.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=753.08,756.353"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/282","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And it was, you have taken a loan out for car, right?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=757.718,760.6"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/283","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"You get your paycheck back.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=760.6,761.69"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/284","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And 98 cents of every dollar on that paycheck","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=761.69,764.32"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/285","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"has to go to pay the interest","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=764.32,765.83"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/286","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"nothing's left over for rent, food.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=765.83,767.8"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/287","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I mean, it's possible","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=767.8,770.11"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/288","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and in the meantime,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=770.11,771.638"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/289","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"all these industries are collapsing","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=771.638,774.0"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/290","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"because the internal cost of borrowing in Brazil today","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=774.0,777.2"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/291","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is 500% per year.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=777.2,780.02"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/292","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"No businessman can work with that kind of interest rate.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=780.02,783.72"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/293","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And at the same time, when I was in Sao Paulo,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=783.72,786.13"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/294","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I was there for two and a half weeks,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=786.13,788.39"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/295","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"194 supermarkets were sacked just in San Paulo and Rio.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=788.39,793.39"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/296","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And I went out to talk to some people in the slums","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=793.6,795.837"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/297","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and we're discussing well","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=795.837,797.6"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/298","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"when we sack the (indistinct)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=797.6,798.433"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/299","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and they never take the liquor, just the food,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=798.433,800.627"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/300","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"can one is a Christian sack, a supermarket.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=801.88,804.03"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/301","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"When one kid, one's children are dying of starvation,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=804.03,807.29"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/302","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"they all agree that could","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=807.29,808.73"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/303","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is this kind of, yeah.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=808.73,810.53"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/304","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The Cardinal of Sal, Paul had a meeting,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=810.53,812.99"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/305","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"50,000 people show up.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=812.99,814.66"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/306","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So he denounces greedy New York bankers.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=814.66,818.38"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/307","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Well, January, they had a meeting 250,000 people.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=818.38,821.513"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/308","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I mean, something has to give in this,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=822.42,824.54"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/309","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"up in the Northeast, eating lizards.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=824.54,826.96"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/310","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I mean,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=826.96,827.793"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/311","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and it isn't just Brazil.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=829.34,830.46"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/312","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Venezuela has not paid a penny in interest since last June.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=830.46,835.46"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/313","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And Venezuela also got a big foreign debt.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=837.17,839.5"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/314","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Argentina has not paid no interest","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=839.5,841.79"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/315","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"since last September, more or less.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=841.79,844.07"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/316","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Bolivia. Nah, there's nothing, they're not paying at all.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=844.07,848.38"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/317","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So I mean,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=848.38,849.213"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/318","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"when you add it all up, it's very, very frightening.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=849.213,851.42"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/319","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So I think the best possible out is the bailout frankly.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=853.9,858.9"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/320","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I don't approve a bailouts,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=860.27,861.55"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/321","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but I would not like to see something happen","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=861.55,863.72"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/322","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to our financial system.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=863.72,865.207"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/323","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But as I said at the beginning,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=866.59,867.7"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/324","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"what's worrisome is that they don't have any plan at all.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=867.7,871.12"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/325","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And banks, depend as you all know","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=871.12,874.22"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/326","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"very much on confidence,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=874.22,876.04"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/327","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"what is perceived as,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=876.04,878.2"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/328","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and things could happen very quickly with this.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=878.2,881.79"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/329","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"No confidence in one thing could unravel another.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=881.79,885.17"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/330","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"That's the dangerous thing.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=885.17,886.52"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/331","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Yes.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=888.97,890.078"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/332","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e Man:\u003c/strong\u003e (indistinct) bail out .","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=890.078,892.7"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/333","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e Lady:\u003c/strong\u003e Pardon?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=892.7,893.543"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/334","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e Man:\u003c/strong\u003e (indistinct)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=893.543,896.69"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/335","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e Lady:\u003c/strong\u003e Just think about that.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=896.69,898.33"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/336","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Well, that's it.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=898.33,899.45"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/337","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I mean, not only were we're gonna add,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=899.45,901.59"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/338","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I don't know how many billions to the deficit,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=901.59,904.01"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/339","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but it's highly inflationary you see.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=904.01,905.943"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/340","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Yet I don't see the alternative","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=907.26,910.15"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/341","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"would be a bank panic.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=910.15,911.603"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/342","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I mean, can you imagine of economist attitude is","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=912.61,916.44"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/343","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"let those banks that it deserved to go bust","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=916.44,918.66"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/344","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"do so without busting everybody else,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=918.66,920.42"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/345","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that's fine except if it's a big bank,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=920.42,922.993"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/346","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"you know, one of the really big ones,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=924.63,927.02"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/347","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"it goes under, deserves to go under.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=927.02,928.93"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/348","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It recklessly gambled in Latin America","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=928.93,931.54"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/349","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"saying it deserves to go under,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=931.54,933.09"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/350","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but you realize what this will,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=934.0,935.51"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/351","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the reaction of the average American,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=935.51,937.62"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/352","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"one of the biggest banks in the country collapses","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=937.62,939.92"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/353","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"you wouldn't be down at your bank","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=939.92,941.73"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/354","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"lining up to get your money out","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=941.73,943.32"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/355","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and just think of the,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=943.32,944.94"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/356","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"what would happen in the rest of the","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=944.94,946.42"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/357","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"international financial community.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=946.42,948.74"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/358","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So I don't see how that they can allow that to happen.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=948.74,951.453"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/359","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So the alternative is a much bigger deficit","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=953.08,956.16"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/360","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and more inflation because it will be inflationary.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=957.62,961.19"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/361","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Yeah.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=961.19,962.175"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/362","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e Lady:\u003c/strong\u003e What do you think could be the (indistinct)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=962.175,964.65"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/363","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e Narrator:\u003c/strong\u003e Well that's absolutely. I mean, can you,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=964.65,967.4"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/364","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I say to,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=967.4,968.44"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/365","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"this is what the foreign Europeans and the Canadians","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=968.44,972.12"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/366","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"have been saying,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=972.12,973.003"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/367","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"why are they putting oil on the fire","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=973.95,976.74"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/368","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"then the large New York bankers,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=976.74,979.14"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/369","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"if they allow these countries to renegotiate the debt,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=979.14,982.21"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/370","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"give them a grace period of maybe say a couple of years.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=982.21,984.75"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/371","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So they can just get a gulp of air","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=984.75,987.05"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/372","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and then start to repay it longer,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=987.05,989.8"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/373","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"longer repayment and lower interest rates.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=989.8,991.42"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/374","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"At least the bankers would get back something.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=991.42,994.44"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/375","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"They won't do it though.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=994.44,996.42"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/376","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And I can't keep asking people,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=996.42,998.1"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/377","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but what is the logic of this?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=998.1,1000.63"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/378","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It's so illogical because they will lose it all.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1000.63,1003.993"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/379","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Now, the Europeans can explain it","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1005.27,1007.42"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/380","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"smaller American bankers can't explain it.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1007.42,1010.16"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/381","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Except one of my friends who is in a corporate structure,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1010.16,1013.38"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/382","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"one of the larger banks said, well, you know, penny,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1013.38,1015.98"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/383","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"they're trying to squeeze out the last bit of interest","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1016.88,1019.3"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/384","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"they can now, before they lose it all,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1019.3,1023.5"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/385","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"because they know they're gonna lose it all anyway.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1023.5,1026.05"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/386","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"There's no logic in it.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1028.59,1029.833"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/387","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e Man:\u003c/strong\u003e (indistinct)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1031.565,1034.648"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/388","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e Narrator:\u003c/strong\u003e Absolutely not.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1039.5,1040.333"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/389","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It's just provoked further problems.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1040.333,1043.162"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/390","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The IMF number one goes around saying,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1043.162,1045.33"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/391","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"it's absolutely apolitical. This isn't true.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1045.33,1047.7"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/392","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We've seen where it lends","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1047.7,1050.16"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/393","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to certain kinds of governments","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1050.16,1051.71"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/394","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and it doesn't lend to others. Okay.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1051.71,1053.57"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/395","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But quite apart from that,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1053.57,1055.42"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/396","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"it's economic, it's formulas often","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1055.42,1058.74"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/397","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"cancel each other out.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1060.05,1061.383"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/398","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"For example,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1062.29,1063.123"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/399","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the austerity fund that has set up for Brazil","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1063.123,1066.29"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/400","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"on the one hand it's demanding a freeze on workers' wages,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1066.29,1070.8"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/401","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"which means a lot of suffering for those poor people.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1070.8,1073.46"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/402","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"At the same time its demanding the government takeoff","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1073.46,1076.0"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/403","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"subsidies on petroleum and another,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1076.0,1078.297"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/404","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and number of other things.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1078.297,1079.95"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/405","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Well, this is supposed to cool inflation,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1079.95,1081.94"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/406","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and this will heat it 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country","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1086.48,1089.47"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/409","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in a region, it is part of a region.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1089.47,1091.93"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/410","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It told Argentina, okay,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1091.93,1093.8"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/411","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"cut your exports, slash your exports.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1093.8,1095.55"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/412","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"That's the one of the standard formulas of IMF,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1095.55,1098.17"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/413","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"not realizing when Argentina did that","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1098.17,1100.4"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/414","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"it cut off most of its exports from Bolivia,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1100.4,1104.73"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/415","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"natural gas export,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1104.73,1106.08"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/416","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"which made it impossible for Bolivia","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1106.08,1107.9"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/417","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to repay the foreign bankers.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1107.9,1109.94"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/418","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I mean, the IMF is living in some sort of a","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1109.94,1113.89"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/419","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"narrow minded textbook","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1116.85,1119.3"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/420","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that has nothing to do with realities.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1119.3,1122.013"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/421","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And in fact, I did some studies on the IMF","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1122.013,1124.23"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/422","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the results of its austerity programs.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1124.23,1126.45"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/423","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And two thirds of the case","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1126.45,1128.9"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/424","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"after the IMF had been in","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1128.9,1130.9"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/425","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the country's economy was worse off.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1130.9,1133.55"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/426","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I mean, in terms of inflation, you name 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used","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1138.81,1141.17"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/429","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to some extent as the private bankers policemen","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1141.17,1144.25"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/430","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to go in there and beat these countries over the head.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1144.25,1147.173"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/431","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But it backfires.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1149.422,1151.27"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/432","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I mean, the result is, you know, riots,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1151.27,1153.85"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/433","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"governments are overthrown","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1153.85,1156.037"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/434","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and it doesn't achieve the economic ends 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about","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1162.876,1164.45"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/439","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"call the Brant commission,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1164.45,1166.42"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/440","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"which was chaired by Willie oughta,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1166.42,1168.29"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/441","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"highly respectable blue ribbon committee","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1168.29,1170.81"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/442","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to study no problems,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1170.81,1174.24"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/443","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"international problems and problems between the","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1174.24,1175.78"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/444","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Northern and Southern","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1175.78,1177.54"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/445","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the North being the first world,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1177.54,1179.34"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/446","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"South the third world,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1179.34,1180.84"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/447","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"what they didn't say about the IMF.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1180.84,1182.8"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/448","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"You know, they were very critical of it.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1182.8,1184.8"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/449","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"They said, why don't we develop new organs?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1186.554,1189.447"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/450","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Britain was, which was","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1190.55,1193.15"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/451","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the IMF was founded at Bretton Woods.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1193.15,1195.96"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/452","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So was the world bank","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1195.96,1196.95"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/453","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that was just before the end of the world war two,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1196.95,1200.13"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/454","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"when international finance was sorted out by the two,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1200.13,1203.27"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/455","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but Britain and United States basically.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1203.27,1205.66"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/456","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Well times have changed and we have to have another","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1205.66,1208.17"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/457","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"international meeting, another international approach","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1208.17,1210.97"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/458","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to just not doing it though.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1210.97,1212.91"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/459","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And we'd have all these crisis in front of us.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1212.91,1215.26"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/460","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Yes.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1215.26,1216.093"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/461","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e Man:\u003c/strong\u003e This is one explanation that you can in some ways","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1217.485,1221.267"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/462","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"given that, given every time.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1221.267,1224.089"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/463","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"This is part of the 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(indistinct)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1235.721,1237.554"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/470","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the bank is gonna have to (indistinct)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1237.554,1242.554"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/471","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"on some levels showing 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(indistinct)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1248.028,1253.028"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/474","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e Narrator:\u003c/strong\u003e It is very short-term","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1258.928,1260.517"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/475","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"although now the chickens are coming home to 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it.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1267.17,1269.09"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/478","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"They have huge losses in the energy industry,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1269.09,1272.96"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/479","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"huge losses in commercial real estate.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1272.96,1276.52"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/480","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I mean, I've only told you part of the bad news,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1276.52,1279.243"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/481","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but you're perfectly 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profession.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1285.07,1287.38"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/484","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So somebody who originally contracted the loan,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1287.38,1291.57"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/485","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"he won't be around six months to a year later","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1291.57,1294.23"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/486","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to be held responsible for it.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1294.23,1296.3"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/487","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"He'd probably be in another department","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1296.3,1297.91"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/488","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or maybe he's gone into another bank.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1297.91,1300.214"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/489","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e Man:\u003c/strong\u003e (indistinct)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1300.214,1301.68"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/490","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e Narrator:\u003c/strong\u003e Yes I mean, he looked good,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1301.68,1303.26"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/491","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but I can tell you that the American bankers that I know","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1303.26,1305.493"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/492","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that are now in Latin America","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1305.493,1307.74"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/493","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"are very depressed right now.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1307.74,1309.28"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/494","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And it's an interesting to hear why they're depressed","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1309.28,1311.67"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/495","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"because they said, you know, they're used to,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1311.67,1314.18"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/496","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"this is, you know, a decade and a half","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1314.18,1316.74"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/497","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"where all they ever did was make loans.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1316.74,1318.69"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/498","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"You know, that was the, you know,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1319.733,1321.834"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/499","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"they're used to making loans.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1321.834,1323.48"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/500","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Now they're being asked to collect them","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1323.48,1325.32"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/501","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and they're depressed as hell.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1325.32,1327.41"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/502","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But I mean,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1327.41,1328.243"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/503","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that shows the kind of attitude","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1328.243,1329.54"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/504","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that was going on and in this industry,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1329.54,1331.61"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/505","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but it's absolutely short term, as you say.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1331.61,1333.92"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/506","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Yes.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1333.92,1335.234"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/507","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e Lady:\u003c/strong\u003e What is the Moffitt connection?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1335.234,1337.253"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/508","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e Narrator:\u003c/strong\u003e The Moffitt connection is this.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1337.253,1338.57"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/509","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"When I got into the mind you I have told you the part where","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1338.57,1343.57"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/510","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that I feel it will most affect the average person","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1343.71,1346.76"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/511","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in this country.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1346.76,1348.073"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/512","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Whereas the organized crime element is dangerous,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1349.01,1351.99"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/513","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but you know,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1351.99,1353.18"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/514","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"it doesn't threaten to bring down the financial system as","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1353.18,1356.03"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/515","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Citibank in Brazil, do.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1357.56,1359.51"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/516","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But in the process of following through the foreign debt","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1359.51,1363.31"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/517","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"story, which is where I began,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1363.31,1364.993"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/518","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I suddenly discovered there were all Louise Wheeler dealers","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1365.87,1368.59"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/519","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in the 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committees","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1378.74,1379.84"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/524","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"are very knowledgeable about banking.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1379.84,1381.69"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/525","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And I happened to have with 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banker","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1388.42,1390.02"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/528","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and was kind of popular thriller, I thought.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1390.02,1392.95"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/529","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And I had this with me in an interview","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1392.95,1394.95"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/530","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and the staffer have said to me,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1394.95,1396.88"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/531","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"so it aligns you think that's fiction.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1396.88,1399.65"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/532","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So that's not fiction.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1399.65,1401.335"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/533","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"ought ta the author was talking about","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1401.335,1402.9"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/534","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Citibank here on this page.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1402.9,1404.22"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/535","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"You see this part about this,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1404.22,1405.86"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/536","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"all this real estate hanky panky that was chase Manhattan.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1405.86,1410.11"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/537","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And he has, I couldn't believe it.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1410.11,1412.717"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/538","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"You know, I had this image of the","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1412.717,1413.99"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/539","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"conservatives three piece suit banker.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1413.99,1416.423"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/540","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Well, then I went back to Columbia where I live and,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1418.35,1421.48"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/541","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"you know, Columbia supplies","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1421.48,1422.58"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/542","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"two thirds of the marijuana cocaine","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1422.58,1424.19"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/543","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"entering the United States.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1424.19,1426.1"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/544","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So I had been jolted by this thing where she's like, well,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1426.1,1428.98"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/545","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"then I will look at this thing.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1428.98,1430.76"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/546","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And I it's common knowledge that some banks,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1430.76,1433.48"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/547","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"they will launder money in the drug trade.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1433.48,1435.74"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/548","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So I started to look at them","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1435.74,1437.9"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/549","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and they own banks in Florida,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1437.9,1439.77"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/550","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or had close correspondent relations with banks in Florida.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1439.77,1443.33"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/551","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So that opened another aspect of the investigation.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1443.33,1445.83"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/552","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And I went to Miami and, Oh, that was something.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1445.83,1450.83"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/553","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"You know, every, every stone I picked up,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1451.46,1453.51"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/554","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"thousands of crooks crawl out.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1455.53,1457.47"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/555","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And I finally, I had to close the book","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1457.47,1460.1"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/556","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I couldn't do anymore,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1460.1,1461.03"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/557","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but what came out of it clearly, it was, you know,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1461.03,1464.451"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/558","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I ended up on this was it,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1464.451,1466.18"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/559","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I'm looking at X bank because of the drug traffic.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1466.18,1468.78"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/560","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And it's, also a mob bank, but it's also CIA bank.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1468.78,1473.56"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/561","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So what's the CIA doing in there?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1473.56,1475.453"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/562","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Well, many law enforcement officials","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1476.59,1481.56"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/563","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"who know how to follow the paper trails or bank trails","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1481.56,1484.28"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/564","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"helped me in this investigation.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1484.28,1486.49"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/565","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And it was commonly said in my them that","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1486.49,1489.92"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/566","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the mob prefers a bank was patronized by the CIA,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1489.92,1493.95"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/567","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"both need a","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1493.95,1495.1"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/568","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"funny bank to launder their money.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1497.22,1499.59"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/569","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"That is to break the law","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1499.59,1501.62"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/570","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"by putting dirty money through a series of paper fronts,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1501.62,1505.75"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/571","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"offshore havens,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1505.75,1507.44"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/572","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"disguising it through real estate companies and what not","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1507.44,1510.8"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/573","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in order to use it later on for, let's say,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1510.8,1513.79"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/574","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"covert action work on for the mob.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1513.79,1516.25"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/575","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Some whatever mob investment,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1516.25,1518.56"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/576","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the reason that the mob likes the bank,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1518.56,1520.52"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/577","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"because it's also working for the CIA,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1520.52,1522.52"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/578","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is that the bank can then use the CIA as a front","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1522.52,1526.84"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/579","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to cover its mob activities.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1526.84,1529.34"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/580","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"You can see, you can always say, well, this is, you know,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1529.34,1532.19"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/581","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but I found oftentimes it's just the opposite.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1532.19,1534.823"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/582","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So I looked at a number of cases in which","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1536.17,1539.21"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/583","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the same bankers were,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1539.21,1540.513"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/584","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and I could never tell","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1541.45,1542.38"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/585","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"whether they were keeping the accounts separately,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1542.38,1545.14"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/586","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or it would seem pretty clear that each","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1545.14,1547.75"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/587","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"step that the mob and the CIA knew about each other","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1547.75,1549.96"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/588","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and whether they were working together?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1549.96,1551.31"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/589","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I don't know.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1551.31,1552.143"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/590","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I didn't, you know, I didn't have enough evidence,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1552.143,1555.05"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/591","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but it really,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1555.05,1556.57"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/592","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I mean, I have a whole filing cabinet extra of crux.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1556.57,1560.72"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/593","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I couldn't, you know, there's just too many of them.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1560.72,1564.1"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/594","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Yes.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1564.1,1565.042"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/595","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e Man:\u003c/strong\u003e You said that (indistinct)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1565.042,1567.192"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/596","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e Narrator:\u003c/strong\u003e Pardon.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1567.192,1568.352"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/597","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e Man:\u003c/strong\u003e (indistinct)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1568.352,1569.84"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/598","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e Narrator:\u003c/strong\u003e In banks we trust,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1569.84,1571.39"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/599","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Oh, the crash of 29.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1572.6,1574.51"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/600","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e Man:\u003c/strong\u003e Was that the crash of 79?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1575.539,1576.77"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/601","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e Narrator:\u003c/strong\u003e Oh, sorry. Crash of 79.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1576.77,1578.09"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/602","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"You're absolutely right.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1578.09,1578.923"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/603","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I'm glad you corrected me, by polar admin. Right?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1578.923,1581.373"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/604","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e Man:\u003c/strong\u003e Can you tell me how much money (indistinct)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1582.231,1586.711"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/605","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e Narrator:\u003c/strong\u003e How much?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1586.711,1587.631"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/606","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e Man:\u003c/strong\u003e How much of these moneys","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1587.631,1588.823"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/607","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that were lend by these American banks","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1588.823,1590.679"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/608","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"are (indistinct***)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1590.679,1593.94"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/609","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e Narrator:\u003c/strong\u003e It's hard to say,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1593.94,1595.2"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/610","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"except in terms of percentages,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1595.2,1596.92"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/611","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"because you can't know that.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1596.92,1600.17"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/612","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I mean, unless you were within the bank","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1600.17,1604.27"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/613","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"because of bank reserves,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1604.27,1605.49"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/614","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"we can't get ahold of that kind of information.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1605.49,1608.19"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/615","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So you have to work on whatever they can,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1608.19,1610.68"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/616","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"they will give you.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1610.68,1612.11"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/617","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And the only thing we have is percentages,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1612.11,1614.423"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/618","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"it has to be pretty high.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1615.3,1616.61"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/619","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I mean, I told you that in Citibank's annual accounts","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1616.61,1620.47"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/620","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"show that they get between 21 and 22%","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1620.47,1623.76"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/621","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of their worldwide profits from Brazil alone, worldwide.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1623.76,1628.53"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/622","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I mean, that includes Europe, Japan, everything.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1628.53,1631.06"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/623","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It has to be pretty high, but I got how much, I don't know.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1631.06,1634.083"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/624","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Mind you they were also recycling it","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1635.14,1636.92"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/625","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"back down there as well.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1636.92,1638.483"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/626","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And now it's got to the point where","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1640.07,1641.99"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/627","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"fore phase of the new loans, that I may go to pay all loans.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1642.95,1647.581"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/628","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But I think that a lot of short-term money was made,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1647.581,1650.343"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/629","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but that was what it was in that it was invested in","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1651.27,1655.38"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/630","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"what did it go to?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1655.38,1656.213"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/631","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It went into paying higher share prices,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1656.213,1660.023"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/632","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"higher profits to shareholders, this sort of thing,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1661.91,1666.91"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/633","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but you don't see any real visible results of that.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1667.99,1671.183"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/634","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Any more questions?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1674.63,1675.58"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/635","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Yeah. One last one, okay.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1676.6,1678.393"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/636","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e Man:\u003c/strong\u003e (indistinct)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1678.393,1681.476"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/637","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e Narrator:\u003c/strong\u003e well, the reason I find it,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1707.983,1710.023"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/638","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"it could happen of course,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1711.23,1712.56"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/639","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but I don't find it too probable","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1712.56,1714.4"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/640","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the idea of a debt cocktail, which is inevitably,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1714.4,1718.12"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/641","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"you know, it would reflect in that the idea","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1718.12,1720.59"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/642","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that you're talking about","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1720.59,1722.07"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/643","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is that the Latin Americans traditionally","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1722.07,1723.77"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/644","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"have been unable to get their act together.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1723.77,1725.44"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/645","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"They haven't been able to get together for example,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1725.44,1727.28"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/646","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"on commodity prices","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1727.28,1729.2"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/647","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"where they have, you know,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1729.2,1730.601"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/648","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"so and they have had experience with trying to get a","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1730.601,1734.91"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/649","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"it was not a common market","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1735.88,1737.05"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/650","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"it was a free trade association","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1737.05,1739.03"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/651","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and they failed on each account.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1739.03,1740.97"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/652","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"However,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1740.97,1742.47"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/653","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"if you're talking about individual countries,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1742.47,1744.78"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/654","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"yes and absolutely.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1744.78,1746.17"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/655","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"A number of bankers, again, Europeans, Canadians, Japanese","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1746.17,1751.17"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/656","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in Brazil said that they didn't understand why","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1752.26,1754.44"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/657","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Brazil didn't default","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1754.44,1755.83"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/658","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"all the logic pointed in that direction.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1755.83,1758.4"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/659","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Because the only thing that Brazil doesn't have","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1758.4,1760.93"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/660","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in sufficient quantities is oil.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1760.93,1763.47"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/661","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And it has a very rapidly growing","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1763.47,1767.09"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/662","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"sugar based alcohol industry to feed its cars","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1767.09,1771.06"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/663","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and its industries.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1771.06,1772.19"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/664","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So it needs only to import a certain amount of oil,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1772.19,1774.98"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/665","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"it's got everything else","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1774.98,1776.56"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/666","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in terms of its internal population.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1776.56,1779.84"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/667","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And they calculate even if the bankers","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1779.84,1782.65"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/668","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"seized half the exports of Brazil,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1782.65,1784.96"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/669","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Brazil will still have enough money to pay for that all","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1784.96,1787.42"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/670","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"important crucial oil.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1787.42,1788.9"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/671","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And the issue that they made was Brazil is a country","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1788.9,1793.09"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/672","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that is larger than the continental United States","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1793.09,1795.1"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/673","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that has a population of over 110 million people.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1795.1,1797.55"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/674","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Maybe by doing that, just shutting the door.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1798.41,1802.161"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/675","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And of course that would mean it would turn inward","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1802.161,1804.6"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/676","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"towards its own markets, which if it did,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1804.6,1806.39"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/677","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"it has ignored and have tremendous potential.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1806.39,1809.2"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/678","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"In the end,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1809.2,1810.033"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/679","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"it would emerge as one of my banker contacts said","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1810.033,1812.81"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/680","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that as a much greater nation,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1812.81,1815.61"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/681","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and it might be a very good thing to do.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1815.61,1818.04"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/682","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The same thing applies to Argentina.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1818.04,1820.39"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/683","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Argentina is a better position because it's got everything","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1820.39,1822.88"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/684","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"including oil.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1822.88,1824.52"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/685","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Does nothing to stop it from shutting the door,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1824.52,1827.45"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/686","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the other countries, it's not so straight forward,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1827.45,1830.98"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/687","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but these are two of the biggest debtors.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1830.98,1833.03"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/688","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Anyway, thank you very much for our attention.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1834.41,1836.925"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/689","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"(audience claps)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=1836.925,1839.675"}]},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853","type":"AnnotationPage","label":{"en":["English [Transcript]"]},"items":[{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22853/annotation/690","type":"Annotation","motivation":"subtitling","body":{"type":"TextualBody","value":"https://d9jk7wjtjpu5g.cloudfront.net/file_transcripts/associated_files/000/022/853/original/AV203376_In_Banks_We_Trust_b.vtt?1613511242","format":"text/vtt","language":"en"},"target":"https://d9jk7wjtjpu5g.cloudfront.net/file_transcripts/associated_files/000/022/853/original/AV203376_In_Banks_We_Trust_b.vtt?1613511242"}]},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22854","type":"AnnotationPage","label":{"en":["AV203376_In_Banks_We_Trust_b.txt [Transcript]"]},"items":[{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796/transcript/22854/annotation/691","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"- [Narrator] Moving their money but they did provide a long educational process for the people in Congress. And that process has now led to a reversal, I think, in the trend in Congress, toward bank deregulation. And now Congress persons are saying, \"Wait a minute, We better stop this deregulation.\" At the same time, we've now seen the beginning of emergency new laws, that force the banks to reveal more about their loans to places like Latin America. The fact that enough people cared to dissent, deed hold lobbies were formed. Not just on one side of the political spectrum, but all over from right to left. And this shows that when individuals do band together they can achieve something. Of course, such action can only be a panacea. So long as we Americans are afraid to discuss basic economic issues. Afraid to question the structures of capitalism. And I have to say to you, I've been on the lecture tour since 1980. And so often when I go out on the campus, and I used the word capitalism, everybody gets upset. So don't use that word. Say private enterprise. I mean, I find this is shocking. Why don't we call it by its real name? What are we afraid of? And I think we oughta be also be aware that those structures are related to human rights violations in places like Latin American here in our own country, in our ghettos and among our minorities. One of the reasons I think that we're afraid to talk about economics is that we have been convinced that it is a science and that only the economist, the scientist, the economic witch doctors can understand it. That's precisely what happened to me when I started to investigate banks. I couldn't understand what they were saying. I had to buy a special dictionary. But I soon found that a lot of these words are just buzzwords. For example, I was in the office of the controller of the currency and he had given me these charts of loans. And to vail out the countries I said to him, the title was \"Cross Border Currency Lending.\" I couldn't understand, what does cross border currency mean? This is all that's just foreign money. Well, this is a sort of thing that goes on all the time. They're kinda these buzzwords mumbo-jumbo to some extent, because the bankers don't want the people to see the emperor without his clothes. In other words, what the depositor doesn't know won't hurt him. Nevertheless, there's nothing to stop us from looking, from inquiring, from questioning the basic economic assumptions that affect all our lives. In Latin America for example, I frequently attended meetings of the Christian based communities, which are kind of a religious school for poor people to increase their awareness of themselves, and to try to help them realize they can change and improve their lives. And many of the people that attend these community meetings are illiterate Indians. If they're not afraid to talk about basic economic issues, they may not know the fancy words or the theories, but they know that economics affect their daily lives. Illogically, fear is often our worst enemy. We are afraid of cultural diversity and of nationalism in Central America. Even though we ourselves are a culturally diverse and nationalistic nation. We are afraid to demand an accounting of our banks. Although we have every right to demand efficient and sound management. Because banking is after all a public trust. It's not their money, but our money. And we are also reluctant to challenge our leaders because we think it's all too big, and so it's all hopeless, and so what can I achieve anyway? But history has repeatedly shown that groups of small and determined committed individuals can change things. Can change history. This was shown in Nicaragua. When I went there that first time in 1976, there were no more than 50 militants throughout the country. If anyone at that point, had said \"Three years from now Penny, there will be a successful revolution, in which the majority of the people will have participated to overthrow Somoza.\" I wouldn't have believed him, it happened. Chose it, the seeds of revolution were there, but we just didn't see them. Such two was the story of the primitive Christian communities. They challenged and overcame the Roman empire. Commitment to change is not easy as all of us who are committed to the change, behalf of the poor majorities in Latin America have learned, but it has always been so. As Gabriel told Joseph and Autumns for the time being to choose what is difficult all one's days as if it were easy, that is faith. Thank you very much for hearing me out tonight. If you have any questions I'll be glad to answer. Yes.\r\n\r\n- [Man] If the parenting systems were to play off what sort of scenario for the world?\r\n\r\n- [Narrator] Well see, what bothers me about all of this and mind you, I try not to sound sensations, but I mean, if you had talked to some of those bankers that I've been talking to or other people in the know they're even worse than what I have told you. The worrisome thing is that there is no emergency plan. There's no emergency plan in Washington, nor is there any within central bankers of the European countries. And the problem is that banks are so intermarried that if something happens unexpectedly and let's say Bolivia or The Bahamas, this can unravel the whole blanket and we don't have any plan to deal with it. I assume if push came to shove that the government of the United States is not gonna let one of his biggest banks go under and they would step forward and bail out the banks. The alternative, if they didn't do that would be a depression, far worse and what happened in 1929, it's a very scary situation. And what's most scary is that no attention is being paid to this problem. Other questions? Yeah.\r\n\r\n- [Man] I've been seeing how the business with a lot of money to live is to lend more and more and more like can you actually tell us why South America is such a lucrative place to lucratively lend money in the first place, the previous 50 60 years?\r\n\r\n- [Lady] Yeah, well, I mentioned this statistic of profits for foreign banks in Brazil in 1982. That was just the average some of the banks were making up the 182%. Citibank, for example, makes about 22% of us worldwide profits just from Brazil. The thing is that we here in the States, you know, if you get 15 to 20% profit you think that's a good profit, but down there and Latin America traditionally foreign banks have expected at least 50 to 60%. So, and oftentimes, you know, going over that, it's very short term kind of profit in the sense that, you know, you're like a gambler. You're taking it in by the, the bolos now, but what's going to happen a little farther down the road. I don't know. Traditionally, you know, you also look talk to historians about the parallels with a period. I think this is also what you're talking about. That led up to 1929. And there are a lot of parallels now, within. One of them, it was the excessive lending by American banks to places like Latin America, except in those days it wouldn't call loans. It would called bonds. And they all defaulted. All the countries in Latin America for three defaulted and sum up two and three decades. And two of those countries that did not default were occupied by the Marines. So yeah, there are precedents for defaults down there. We've defaulted, you know. The state of Mississippi by the way is never did repay. And there's a whole association in Britain that's still demanding repayment. I mean, we're not in entirely good position to throw the first stone. But I think that the reason they went into Latin America, it's such a scale was because not only were the profits so good but they traditionally had relations with the region, the multinational corporations had their largest investments there. They looked at Brazil, it looked at Argentina, Oh gee, you know, this is a great future. There's nothing can possibly happen here. Although I suspect talking to Congress persons that some of them of the big banks went in there not ever expecting to be repaid. At least they didn't think in those terms, they thought of what we call the blender of last resort. In other words, Congress people have said they didn't think the banks were concerned really about whether the loan would be repaid, but who was going to be the lender of last resort. The lender of last resort is what it sounds like. It's the last resort. And that's the person who comes to bail you out. Well, in this case, the US treasury, and that's been the assumption all along I think for the lending to these countries, by our big American banks, that if push came to shove, the American government could never allow our big banks to go under. Yeah.\r\n\r\n- [Lady] That's a capital, shareholders capital. Shareholders capital is about 4.8 billion. Citibank has loaned over 5 billion to Brazil. Well, that is the total equity that let's say, eh, you own a shoe store, right? You put so much money into the capital into the, to the shoe stores. Do you understand what the capital? Well, I mean, what happens... Yes but you see that the capital has to stand behind the possibility of the loans falling. You can't use the deposits to do that. I mean, you have put money in the bank, right? And the bank has problem with collecting from your neighbor here on her car or loan, the bank can't use your deposit to cover that loan. No way, it has to use his capital base, or they have what they call loan loss reserves, but it's essentially it's capital. And so you could imagine, with a capital base of 4.8 billion, I mean, I can't get, I don't know how much Citibank has on loan total to the other countries, but it has to be, you were talking in a range of maybe $15 billion for Latin America at least as it was three times its total capital. So, and there are bank laws in our country that say if after a certain period of time, the loan is not being interest on the loan is not being repaid. The bank has got to start to write that off as a loss, that's gonna affect the capital. That's gonna affect the profits, the share and everything. Is bad news. In other words, effectively, Citibank would be bust. It owes more than it owns. That's what it comes down. Yeah. [Narrator] Some of my more pessimistic friends think, cause you know, it's around the corner. I do believe, I think I follow the economist very carefully because they tend to have a vision they're able to stand back. They talk about apocalypse tomorrow rather than apocalypse today because the bankers would rather have it that way. I don't know, but it has to be coming. I'm not saying it's gonna happen tomorrow or even necessarily this year, although something could happen this year, but it cannot continue. It's gonna happen within the next few years. Yes. Because I mean, just look at the situation in Brazil, for example, I had to keep harping on Brazil, but this typical of all the rest of them, it is the biggest debtor. If it pays just as interest this year, that means it has to use up 98% of its export earnings. And it was, you have taken a loan out for car, right? You get your paycheck back. And 98 cents of every dollar on that paycheck has to go to pay the interest nothing's left over for rent, food. I mean, it's possible and in the meantime, all these industries are collapsing because the internal cost of borrowing in Brazil today is 500% per year. No businessman can work with that kind of interest rate. And at the same time, when I was in Sao Paulo, I was there for two and a half weeks, 194 supermarkets were sacked just in San Paulo and Rio. And I went out to talk to some people in the slums and we're discussing well when we sack the and they never take the liquor, just the food, can one is a Christian sack, a supermarket. When one kid, one's children are dying of starvation, they all agree that could is this kind of, yeah. The Cardinal of Sal, Paul had a meeting, 50,000 people show up. So he denounces greedy New York bankers. Well, January, they had a meeting 250,000 people. I mean, something has to give in this, up in the Northeast, eating lizards. I mean, and it isn't just Brazil. Venezuela has not paid a penny in interest since last June. And Venezuela also got a big foreign debt. Argentina has not paid no interest since last September, more or less. Bolivia. Nah, there's nothing, they're not paying at all. So I mean, when you add it all up, it's very, very frightening. So I think the best possible out is the bailout frankly. I don't approve a bailouts, but I would not like to see something happen to our financial system. But as I said at the beginning, what's worrisome is that they don't have any plan at all. And banks, depend as you all know very much on confidence, what is perceived as, and things could happen very quickly with this. No confidence in one thing could unravel another. That's the dangerous thing. Yes.\r\n\r\n- [Man] bail out .\r\n\r\n- [Lady] Pardon?\r\n\r\n- [Lady] Just think about that. Well, that's it. I mean, not only were we're gonna add, I don't know how many billions to the deficit, but it's highly inflationary you see. Yet I don't see the alternative would be a bank panic. I mean, can you imagine of economist attitude is let those banks that it deserved to go bust do so without busting everybody else, that's fine except if it's a big bank, you know, one of the really big ones, it goes under, deserves to go under. It recklessly gambled in Latin America saying it deserves to go under, but you realize what this will, the reaction of the average American, one of the biggest banks in the country collapses you wouldn't be down at your bank lining up to get your money out and just think of the, what would happen in the rest of the international financial community. So I don't see how that they can allow that to happen. So the alternative is a much bigger deficit and more inflation because it will be inflationary. Yeah.\r\n\r\n- [Lady] What do you think could be the\r\n\r\n- [Narrator] Well that's absolutely. I mean, can you, I say to, this is what the foreign Europeans and the Canadians have been saying, why are they putting oil on the fire then the large New York bankers, if they allow these countries to renegotiate the debt, give them a grace period of maybe say a couple of years. So they can just get a gulp of air and then start to repay it longer, longer repayment and lower interest rates. At least the bankers would get back something. They won't do it though. And I can't keep asking people, but what is the logic of this? It's so illogical because they will lose it all. Now, the Europeans can explain it smaller American bankers can't explain it. Except one of my friends who is in a corporate structure, one of the larger banks said, well, you know, penny, they're trying to squeeze out the last bit of interest they can now, before they lose it all, because they know they're gonna lose it all anyway. There's no logic in it.\r\n\r\n- [Narrator] Absolutely not. It's just provoked further problems. The IMF number one goes around saying, it's absolutely apolitical. This isn't true. We've seen where it lends to certain kinds of governments and it doesn't lend to others. Okay. But quite apart from that, it's economic, it's formulas often cancel each other out. For example, the austerity fund that has set up for Brazil on the one hand it's demanding a freeze on workers' wages, which means a lot of suffering for those poor people. At the same time its demanding the government takeoff subsidies on petroleum and another, and number of other things. Well, this is supposed to cool inflation, and this will heat it up. It's this kind of, you know, illogical. It doesn't understand that when it treats of a country in a region, it is part of a region. It told Argentina, okay, cut your exports, slash your exports. That's the one of the standard formulas of IMF, not realizing when Argentina did that it cut off most of its exports from Bolivia, natural gas export, which made it impossible for Bolivia to repay the foreign bankers. I mean, the IMF is living in some sort of a narrow minded textbook that has nothing to do with realities. And in fact, I did some studies on the IMF the results of its austerity programs. And two thirds of the case after the IMF had been in the country's economy was worse off. I mean, in terms of inflation, you name it. So I think it's just a disaster, but of course the IMF is used to some extent as the private bankers policemen to go in there and beat these countries over the head. But it backfires. I mean, the result is, you know, riots, governments are overthrown and it doesn't achieve the economic ends either. So I think it's just a disaster and I'm not the only one. I mean, if you read, I don't know if you've heard anything about call the Brant commission, which was chaired by Willie oughta, highly respectable blue ribbon committee to study no problems, international problems and problems between the Northern and Southern the North being the first world, South the third world, what they didn't say about the IMF. You know, they were very critical of it. They said, why don't we develop new organs? Britain was, which was the IMF was founded at Bretton Woods. So was the world bank that was just before the end of the world war two, when international finance was sorted out by the two, but Britain and United States basically. Well times have changed and we have to have another international meeting, another international approach to just not doing it though. And we'd have all these crisis in front of us. Yes.\r\n\r\n- [Man] This is one explanation that you can in some ways given that, given every time. This is part of the explanation, the fact that short-term, in a short term the getting managers of banks. The short-term things. As you say, I'll put you to the developers in a couple of months we believe they don't have to the bank is gonna have to on some levels showing profit as a short term to make a lot of money. A lot of developers\r\n\r\n- [Narrator] It is very short-term although now the chickens are coming home to roost because of having to write off some of these very big loans the foreign loans are only part of it. They have huge losses in the energy industry, huge losses in commercial real estate. I mean, I've only told you part of the bad news, but you're perfectly right. And another aspect is that because of constant turnover among them in the banking profession. So somebody who originally contracted the loan, he won't be around six months to a year later to be held responsible for it. He'd probably be in another department or maybe he's gone into another bank.\r\n\r\n- [Narrator] Yes I mean, he looked good, but I can tell you that the American bankers that I know that are now in Latin America are very depressed right now. And it's an interesting to hear why they're depressed because they said, you know, they're used to, this is, you know, a decade and a half where all they ever did was make loans. You know, that was the, you know, they're used to making loans. Now they're being asked to collect them and they're depressed as hell. But I mean, that shows the kind of attitude that was going on and in this industry, but it's absolutely short term, as you say. Yes.\r\n\r\n- [Lady] What is the Moffitt connection?\r\n\r\n- [Narrator] The Moffitt connection is this. When I got into the mind you I have told you the part where that I feel it will most affect the average person in this country. Whereas the organized crime element is dangerous, but you know, it doesn't threaten to bring down the financial system as Citibank in Brazil, do. But in the process of following through the foreign debt story, which is where I began, I suddenly discovered there were all Louise Wheeler dealers in the professional. My first inkling was in Washington, where I spent over a month researching the book and Congress there are quite a few staffers of congressional committees are very knowledgeable about banking. And I happened to have with me a copy of a book called the crash of 29, which had been written by a former banker and was kind of popular thriller, I thought. And I had this with me in an interview and the staffer have said to me, so it aligns you think that's fiction. So that's not fiction. ought ta the author was talking about Citibank here on this page. You see this part about this, all this real estate hanky panky that was chase Manhattan. And he has, I couldn't believe it. You know, I had this image of the conservatives three piece suit banker. Well, then I went back to Columbia where I live and, you know, Columbia supplies two thirds of the marijuana cocaine entering the United States. So I had been jolted by this thing where she's like, well, then I will look at this thing. And I it's common knowledge that some banks, they will launder money in the drug trade. So I started to look at them and they own banks in Florida, or had close correspondent relations with banks in Florida. So that opened another aspect of the investigation. And I went to Miami and, Oh, that was something. You know, every, every stone I picked up, thousands of crooks crawl out. And I finally, I had to close the book I couldn't do anymore, but what came out of it clearly, it was, you know, I ended up on this was it, I'm looking at X bank because of the drug traffic. And it's, also a mob bank, but it's also CIA bank. So what's the CIA doing in there? Well, many law enforcement officials who know how to follow the paper trails or bank trails helped me in this investigation. And it was commonly said in my them that the mob prefers a bank was patronized by the CIA, both need a funny bank to launder their money. That is to break the law by putting dirty money through a series of paper fronts, offshore havens, disguising it through real estate companies and what not in order to use it later on for, let's say, covert action work on for the mob. Some whatever mob investment, the reason that the mob likes the bank, because it's also working for the CIA, is that the bank can then use the CIA as a front to cover its mob activities. You can see, you can always say, well, this is, you know, but I found oftentimes it's just the opposite. So I looked at a number of cases in which the same bankers were, and I could never tell whether they were keeping the accounts separately, or it would seem pretty clear that each step that the mob and the CIA knew about each other and whether they were working together? I don't know. I didn't, you know, I didn't have enough evidence, but it really, I mean, I have a whole filing cabinet extra of crux. I couldn't, you know, there's just too many of them. Yes.\r\n\r\n- [Man] You said that\r\n\r\n- [Narrator] Pardon.\r\n\r\n- [Narrator] In banks we trust, Oh, the crash of 29.\r\n\r\n- [Man] Was that the crash of 79?\r\n\r\n- [Narrator] Oh, sorry. Crash of 79. You're absolutely right. I'm glad you corrected me, by polar admin. Right?\r\n\r\n- [Man] Can you tell me how much money\r\n\r\n- [Narrator] How much?\r\n\r\n- [Man] How much of these moneys that were lend by these American banks are\r\n\r\n- [Narrator] It's hard to say, except in terms of percentages, because you can't know that. I mean, unless you were within the bank because of bank reserves, we can't get ahold of that kind of information. So you have to work on whatever they can, they will give you. And the only thing we have is percentages, it has to be pretty high. I mean, I told you that in Citibank's annual accounts show that they get between 21 and 22% of their worldwide profits from Brazil alone, worldwide. I mean, that includes Europe, Japan, everything. It has to be pretty high, but I got how much, I don't know. Mind you they were also recycling it back down there as well. And now it's got to the point where fore phase of the new loans, that I may go to pay all loans. But I think that a lot of short-term money was made, but that was what it was in that it was invested in what did it go to? It went into paying higher share prices, higher profits to shareholders, this sort of thing, but you don't see any real visible results of that. Any more questions? Yeah. One last one, okay.\r\n\r\n- [Narrator] well, the reason I find it, it could happen of course, but I don't find it too probable the idea of a debt cocktail, which is inevitably, you know, it would reflect in that the idea that you're talking about is that the Latin Americans traditionally have been unable to get their act together. They haven't been able to get together for example, on commodity prices where they have, you know, so and they have had experience with trying to get a it was not a common market it was a free trade association and they failed on each account. However, if you're talking about individual countries, yes and absolutely. A number of bankers, again, Europeans, Canadians, Japanese in Brazil said that they didn't understand why Brazil didn't default all the logic pointed in that direction. Because the only thing that Brazil doesn't have in sufficient quantities is oil. And it has a very rapidly growing sugar based alcohol industry to feed its cars and its industries. So it needs only to import a certain amount of oil, it's got everything else in terms of its internal population. And they calculate even if the bankers seized half the exports of Brazil, Brazil will still have enough money to pay for that all important crucial oil. And the issue that they made was Brazil is a country that is larger than the continental United States that has a population of over 110 million people. Maybe by doing that, just shutting the door. And of course that would mean it would turn inward towards its own markets, which if it did, it has ignored and have tremendous potential. In the end, it would emerge as one of my banker contacts said that as a much greater nation, and it might be a very good thing to do. The same thing applies to Argentina. Argentina is a better position because it's got everything including oil. Does nothing to stop it from shutting the door, the other countries, it's not so straight forward, but these are two of the biggest debtors. Anyway, thank you very much for our attention.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/36653/file/105796#t=0.0,1853.232"}]}]}]}