 Good thing about that fact is that you already use the German accent and At least I'm living in Monaco, so I'm not completely as German as out of my be Yeah, ladies and gentlemen, I'm happy to be here My name is Tito's Gable. I am a lawyer by education who eventually became entrepreneur. I Founded amongst other things Deutsche Rooster for gay German mining and oil and gas company listed Frankfurt Stock Exchange And I must say that was the best time of my life because you can imagine as a lawyer for the first time in my life I produced something of real value Oil gas Gold silver tungsten molybdenum and some other minor metals, which is is really Is a good feeling that you have really contributed to the wealth of the world with real products We were relatively successful and so I could retire at the end of 2014 and move to Monaco with my family and Focus on my which is now my lifetime project. It's called free private cities What is a free private city? Let me start with a quote from a guy whose name you probably have heard of its Jean-Jacques Rousseau Intellectuals and governments especially claim that there are Basically following the idea of Jean-Jacques Rousseau that we have a social contract What they do not tell you is what I will quote now From where have 100 the right who want a ruler to vote for the 10 who don't even majority rule is subject to prior agreement and Requires initial unanimous consent Jean-Jacques Rousseau social contract page 16 They never tell you but every single Constitution is a violation of this principle because they are contract at the expense of third parties Something that is forbidden in all civil and common law systems for a reason now imagine a Private company offers you the basic services of a state that is protection of life liberty and property in a defined territory You pay a certain amount for those services per year your respective rights and duties are laid down in a written Citizen contract a real contract between you and the provider for everything else you do as you please Thus you are a contracting party on an equal footing with a secured legal position Instead of subject to the government's or majority's ever-changing will and The best thing is you only become part of it if you like the offer So for if this was true for the first time in history Jean-Jacques Rousseau's requirement of Initial consent would be fulfilled because every single citizen had signed a contract So if you organize this in a form of a basically Private company for profit Then the incentives are completely different from states too The operator has skin in the game and is liable So he has to treat his customers well like any other service provider who wants to be successful he wants to make money and There's no hypocrisy around the common good or saving the world I Invite you to Regard to come away from the traditional idea that many of us have this here are the markets and there's politics and government No, it's a market. It's one big market and It's called I call it the market of living together This is the biggest and most important market of all and if we come into this market with a new product Then we will see that basically all political systems are products and If we can choose amongst a diversity of products We normally over time would choose what fits us best what we like best and you probably find out that we are not the same some might Prefer more an acro capitalist systems others might prefer more regulated systems and others might third parties might Favour religious rule system or other people say we want to have certain cultural or ethical Similarities with the people I'm living with All this would be okay Even communism would be okay as long as participation is voluntarily right and In so far of course, they will be then a pro a filter process some some will not work over time some will work But why should it be different from the product markets and the service markets where we have a variety of products? There's no one product one size fits all why should this be different in our market of living together? Now I think that my concept of free private cities would have a Lot of competitive advantages in in the market Let me elaborate a little bit on that first. There's legal certainty Every resident has a written has a signed agreement with the operator of the free private city This written contract clearly defines the respective rights and obligations of the contracting parties and Is enforceable by every resident the operator cannot change this agreement unilaterally? Conflicts about its interpretation or fulfillment go to independent arbitration Now you might say yeah, but he has maybe the police and he can just ignore these arbitration. This is true but Then he will lose his customers and not be able to gain new customers, right? On a cruise ship the captain in theory has the same power. He is an absolute morgue Have you ever heard that the cruise ship captain ordered passengers to be flocked because they weren't well dressed at the captain's dinner? No, we haven't because he has a commercial interest not to do that and Exactly, this is the incentive for me to treat my people well because they're my customers and if I Mistreat them because I could so because I have the power then this would this news would go around quickly And my expansion planes would be over and people would leave by the way, this is the situation of Monaco The Prince in a theory has a lot of power. He could do not everything he wants It's still a constitutional monarchy, but he could come up with all idiotic laws and and and rules But he does not because you know that we would then leave immediately Right, so it's it's the combination of competition and having a relatively small territory compared to I mean If you have to leave your continent to go to another system or another product It's much more difficult if you are in a small entity that works that the competition works as limiting factor for power and that as Could could Be established for now about I think the system in Monaco That is things 150 years It's working Second advantage of my model there might be other models is guaranteed security Since you are paying for the protection of your life liberty and property and only for that You have a corresponding claim against the operator the first and foremost task of the police or the security the private security Engaged by me is therefore to provide for your security around the clock if you become victim of a crime You are entitled to compensation That should be a normal thing right? I'm paying for security. It is broken to my apartment I go to the opera say that shouldn't have happened. I want damages Because he is offering a service and if the service is not good then you have a have a claim Then you are entitled to compensation So the police has to follow predefined and known rules of engagement Which would be part of the contract and cannot be changed as well Of course There would be much more freedom apart from the security package and respective payments that comes with the contract and you cannot Outvote that you can decide by yourself or what goods and services you want to spend money on and which Charities and political cases you want to support You have full freedom of action Limited only by the respective rights of others and the basic rules light down an agreement with the operator This includes for example free speech full freedom of contract including the negative freedom of rejecting people and the freedom of Association with your fellow residents the interaction between the residents happens on a purely voluntary basis not based on coercion Fourth advantage limitless innovation innovation is seen as chance not as risk provided You do not harm your neighbors or their property anyone can introduce new products and Services without permit permission or license and pay for them in any currency decide You decide on your own if you want to test or use those products or services After a while free private cities will offer much higher quality of life to everyone and The last but I think my favorite point is getting rid of politics There is no more need to argue and to find political compromises between ideas Which are incompatible instead specialized cities catering to specific Ideological cultural or ethical concerns are conceivable Everybody can go into the system that best matches his or her convictions and Personality given voluntary Participation everything is possible this simple rule has the potential to disarm and transform even the totalitarian ideology into just one product among many so this is the theory and Professor Hopper has and rightly so Told me well, that's fine, but we want to know how this can be realized in the real world and this is a absolutely justified question and When I started this about two years ago, I was giving myself five to ten years to make it happen It seems so that it's happening much faster than I expected I can't give you any details at the moment Because we still in a hot phase of a negotiation with the government But I mean there's a good chance that within the next 12 months there will be the first project up and running So if you are interested You can have a look at the website. It's called free private cities calm one word and there's a newsletter And you can subscribe so you will be informed if there is something happening but how would be a strategy to approach governance because after all there is No unclaimed territory in the world. You know that there are some people saying no There are small pockets of Terra Nullius. That's the name of the concept The problem with the Terra Nullius concept is that a land is only Unclaimed by its neighboring states unless they decide otherwise and that for example happened to Lieberland with Croatia That happened to don't know what the name of the project Before the coast of Australia with Tonga which eventually claimed then the new creative They even made an artificial island which was then claimed by Tonga so Realistically, we have to negotiate with countries. We have to convince them that this is a good idea to establish something like that No, why should they do that? Well, there's only one reason because they are expecting advantages for themselves That's the only possibility Right and in so far, I'm not going to government saying by the way we want to Establish a free private city because it's a disruptive technology to kick out basically government and and and states Well, if you if you approach governments like that the probability that they will listen to you is Relatively limited, right? So what you do instead is you are looking for already existing Things that are considered not threatening and In our case, that's easy. It's a special economic zone There are already 4,000 special economic zones existing in the world and what we do is we say Well, it's a special economic zone next level a special economic zone plus and now it's getting even better I say and there is even Presidents for that it is called the Dubai International Financial Center. They even have own legal system They implemented British common law based own legal system. They hired and a retired judge from London So they have a system within a system. It's already there the other thing you all know is basically the relationship between Hong Kong and China that is Hong Kong is Part of China part of the Chinese sovereignty, but still has its own rules its own system It's a special historical situation that is clear But just to make it a better Understand and it's always better if you can refer to existing entities to existing situations to make people feeling more comfortable and in so far we would not need full sovereignty to make this happen you would basically Being a little bit in the position of Hungary where we would say okay Serenity foreign policy and the army is your part, but we do all the rest what we need is the The possibility to to regulate ourselves and of course, this is no easy task because it is giving up power to a certain degree So why should why should again? Why should a country do that? In my original model everybody is coming Voluntarily, so you have to start on an uninhabited territory. So this is on the other hand a plus because if you tell them well look Look at entities like Singapore Hong Kong or Monaco around those There's a big belt of wealth which is in your country and they will be pay taxes to you And so if we now create something in a formally uninhabited area, this is a big win for everybody Right you we will create investment. We will create jobs a lot of people will we will create Work for you for your companies in your country would certainly Take some of their services and many people will just commute in and out and they will all pay taxes to you So especially countries that have that are running out of money and out of ideas are our main targets we would say okay look in In places like Central America, I would say look Investment is not coming because your system is considered. We don't know if it's true but it's considered by the investment community as current and people want stability especially if they want to invest and People do not understand your your legal system, which by the way is changing every year So if we now establish a well known civil legal system be it British common law or German or Swiss civil law that is well known to the world and and Companies can invest according to that rule and we would even import Judges from those first world countries, which we have screened that are completely reliable Then it becomes interesting to those companies, which otherwise wouldn't come so that makes sense even for a dictator right that he will probably understand that and Now if you if you imagine you are a student, which is just coming out of a new university and has it has a great idea Around free private cities the probability that the president will listen to you is very small But if you are coming with people who have already a track record Who are investors you have collected maybe network investors as it's coming with a certain amount of money I mean I have experienced that already the the first question is how much how much are you investing? But it's all about money as usual. All right, so I would line up A group of people that was my original strategy was first write the book so that in that Should be finished by by the end of October And then hopefully published this year so that if I fail others can just pick up from there and continue My idea is my thesis is once the idea is in the world and you have given some idea hints how to implement that in reality It will eventually happen And and I'm giving myself the rest of my life to make it happen. Persistency is absolutely important and in so far the next step would be Line up advisors with big names that are creating trust even to governments and the third step would be then line up investors And only then you approach governments so now this is Happening quicker because I have been approached by another group with they wanted me to support them because they are in a Illegally advantageous position to make such I would say which might become 70 percent free private city Happening very soon. So my plans have been disturbed a little bit, but to the better you could say I don't I think the field much on Malker once said Every plan is in ruins with the first contact with the enemy and that's how it is, right? And you have to be flexible and this is another Advice I would give to everybody who wants to get involved in that business you have to make concessions, right? If the country says we want that 60 percent or whatever percentage of workers is coming from our country Well, then if you're not accepting that you are out, right? You can always say well, but we couldn't find qualified workers and in so far These are two things one is the rule and the other is the implementation of the rule And then you have to control of the implementation and at the end of the process The result might be completely different from what the original idea. So there's a lot of room Even if you have to make large concessions Monaco for example Had a big problem in the 60s with France and de Gaulle tried to squeeze them out because I said you are basically a protectorate From now on I want every Monaco citizen to pay taxes to France Because all their rich people just moved to Monaco, right and they kept their factories in France so what did they do eventually Monaco negotiated and the compromise is that French people living in Monaco after 62 after the 1962 they have to pay taxes to France and This is remaining until today. So but everybody who's not French Still enjoys the tax system of Monaco. So this is the real world, right? Reward is never black white It's it's always a little bit of a of a deal and and and a trade-off Again, and and then you can try to solve their problems there has Popped up this micro migration crisis. You can say well look We would create a migrant city in and and you we need your protection You guarantee this as a Western country that we have military protection by NATO And we are setting up as a private company a migrant city We are selecting our migrants, but we could often set this up in Libya or wherever and East the migration pressure because we would basically they are established Cities which are stable and you have to be probably relatively robust would will be rather rather Singapore type of government then That what we would do amongst ourselves, which is much more liberal But I mean depending on your target group, right? But this could be a trojan horse of liberty because if people see that this is working without politics they will throw their conclusions and Then you're solving their problems, right? So that is basically this these are my answers to to the justified question. How do you make this happen in practice? Again, we are relatively close other groups are also relatively close to to making something like that happen We have one project in Myanmar and one in French Polynesia and eventually it will happen because It's just a better product that is at least my conviction and and let's face reality I mean a political party or political movement, which is based on liberty and free markets As main principles will never ever in my view gain a majority in a mass democracy where everybody has a vote Because you're competing against political parties who claim that you have to write to live on the expense of others That you are not responsible for your failures, but society is and that you're morally superior to the free market people Attractive, awful It's what can I say as a libertarian candidate vote for me. I promise I will do nothing for you Yeah, you are applauding but the majority will not, right? So and that is the reason why you have to go just another way say, okay Let's skip that way. I tried it for 30 years and I can do now continue for 30 more years expecting a different result or I could do something completely new and that is a new product a niche product, right? Ludwig von Mises has has discovered as early as 1922 in his book dig a minebird shaft That socialism communism can't work because of they have no free prices. So they have no indicator of scarcity What were the consequences of this discovery? Zero zero are consequences, right? Because we have now in Venezuela was the 85th attempt to make socialism happen all failed of course and The 86th attempt is only a question of time because the what I said is so attractive people You get something for free versus you have to work for it. I take this every we all would take this, right? So we have to create a different product and Imagine or recall the iPhone that was invented exactly 10 years ago If I had told you 12 years ago Well, what about a hand-toed computer and you can make phone calls with it would have said Do I need that well nice to have right? But once it was there and everybody could see it and touch it and test it Wow within two or three years the whole world all big producers were only producing smartphones and This is basically the idea probably will not take much longer time But this is the idea don't convince people of something you just do it and show it and then people can come Can have a look. Okay. Is it working? Oh? Everybody has a contract and they go back to their government I want a contract too and so you can change the world it takes a while Admittedly, but I think the time for analyzing and arguing is over. I mean There there are few things the ones of you that have been here for for ten times or more probably there wasn't much new things there because you already have heard it and Of course, you can spread the news to the rest of the world but at the end it will not convince them as Ludwig von Mises couldn't convince them and At the end you will have to do something and you will have to show that there is an alternative possible Which is not socialism right and I think that We never had better chance to make this happen We have other than the failed attempt in the sex 60s and 70s We have now understood that we can't do something against the state But we have to agree with the state to make an agreement That is giving us the possibility to do that So if you are interested in that subject again, check out The website free private cities comm You can also approach me. I have to leave Tomorrow morning, but I'm still here around the whole day. So if you if you think you know a place where this could happen If you have an idea or in government, you know or whatever or just interested becoming a resident or a business Owner in our upcoming project, which hopefully will happen in the next six months then Talk to me. I'm happy to Welcome you then in the first free private city soon. Thank you