A new currency based on gold as this would be more stable than the current currency trading which is manipulative he said the precious metal could be used to evaluate import and export activities among east Asian Countries quote we can make settlements using that new currency using gold that currency must relate to the local currency as the Exchange Rate and that is something that can be related to the performance of that country that way we know how much we owe and how much we have to pay in the special currency of east asia hes saying like this is for the trade region of east asia he wants a gold backed unit of account for trade so that we know for real what were getting and whos cheating and whos not cheating so any way you can tell if youre making any money exporting and importing is if you have a yardstick or a benchmark. To apply your economics and you are so it has always been gold we went into a period of monetization. Abolition dollars ation after world war 2 for the us convince the world that you dont need a yardstick just take our word for it and the pie grows infinitely and you get partly infinite by and thats felt and countries like Malaysia China russia and others are saying you know what i think well both use gold then to tell us what were making or losing in gold and donald trump is really pushing this hard because hes saying that the u. S. Wants to withdraw from being a globalised nation they want to be a mercantile this nation and so the striving this is putting it into fast overdrive now well it also matches with what david graber has said in his book the history of debt and what we do during times of distrust between individuals within a society and between within nations within the global. In the world so right now we have a system whereby people do not trust each other thats why we have the globalization thats why the u. S. Is withdrawing from a system where they feel theyve been cheated even though its a structure they created so you do see people not trusting each other nations not trusting each other and thats why youre seeing these suggestions for gold he said that the Global Market currently is tied to the u. S. Dollar which gives room for the currency to be manipulated just because that one country is affected there is infection to the other countries malaysia was very stable way back in 1997 because of the problems that occurred in thailand during the Asian Financial crisis they said i like the i. M. F. And World Bank Sort of people that we must peg the malaysian currency also what happened the currency traders sold the malaysian currency down and the value of the malaysian currency depreciated it is not even the money that they have they never had any malaysian currency but nevertheless they were able to sell huge quantities of malaysian currency and what it is depressed of course they can buy and sell it at a higher price when it comes up the definition of naked short selling. Pointing out very specifically that forex traders with unlimited lines of credit at 0 percent borrowing costs can sell counterfeit sail orders any currency they want to manipulate it down versus the dollar and thats been the basis of the american empire now for decades and these countries its been very difficult to extricate themselves from u. S. Dollar germany because they had been bought the bill of goods that the world is going to grow and keep growing and you want to piece of that growth now its clear that the world is reached its growth limitations both climatologically you can grow the economy on a globe thats literally on fire or being flooded like corn prices are skyrocketing because corn in america is being washed out due to Climate Change as a way to profit from Climate Change ill give you that if you want to make money trading on Human Extinction by corn right ok i understand that but getting back to the dollar its a currency that is now in a hyper inflated bubble and once of pops youll see a gap in gold from 1314022728 extension 2900 were going back to this notion of de globalization we see that in every nation around the world we see this notion of d. Globalization except for of course china which has been the big winner from globalization and they obviously do not want to stop at every rising power oweis benefits from globalization and they dont want to stop it but the empire wants to stop it we have a Global Economy whereby nobody trusts each other anymore and now we see that you know this notion of fake news and this fear of fake news in the sphere of the world that we ourselves have created all around us and ultimately goes to this fake prices this fake because theres no. Measure of the economy in the fab they conned me is the fabric of our society the fabric of our existence and we have no way of measuring it because there is no honest unit other than gold grams or bitcoin i would say here he says in terms of remember what happened in the malaysian in the asian currency crisis it was these guys these 4 x. Traders could crash their economy even though they cant print malaysian currency that they had themselves to sell and yet they sold it off he said currency trading is not something that is healthy because it is not about the Economic Performance of countries but about manipulation anything that you have an oversupply will lose value anything that a shorter supply will increase in value so they sell huge quantities of money that they dont have because the amount of so big there is depression of the value right lets go through the Looking Glass once again on 4 x. Trading and whats happened in the last 20 or 30 years there was a time when price discovery look at the price how to get to the prize it was a function of buyers and sellers more buyers price went up more sellers price went down and you looked at that price and then you would recalculate your Business Needs based on the price that was now being discovered by the marketplace we live in a world today now where quantz. Pick a price 1st and then fill in the trades to get to that price thats a complete repudiation of free market capitalism and its the beginning or its a part of autocracy by megalomaniacs running these trading desks and you know listen to cast by travis claiming who was interviewed by pump recently on his podcast talking about what he called kuantan quanta crime that when you get to a certain level in global forex its just extremely well capitalized quantz hedge funds abusing the system to see who can abuse the system more profitably than the other guy and thats the result of the prices that are then reported as economic reality even though the prices in this case and almost every single instance of every market around the world now are completely fake but here you have genuine societies like malaysia its a country filled with people and needs and wants and real like humans living there if their currency is not backed by anything but what if a computer says an algorithm if its trading against the euro or the yen or the dollar then it has real world consequences where the people themselves are helpless however when they do do naked shorting of gold or silver for example there is an ultimate thing of delivery a physical if you start buying if you start taking gold off the market if you start taking silver off the market as when j. P. Morgan had a massive naked short position on silver by one ounce of silver at 10. 00 and that gives them makes it harder and harder for them to manipulate the price so here hes saying that is like if we have a unit of account which is gold. Then it leaves your schemes vulnerable you cant just print up gold because we know how much there is and you have to mine and you have to hold it and you have to verify it so here hes saying that this is the way to end those schemes and asked if the japanese yen or chinese yuan could be used as the common currency in asia he replied if we try to promote our own currency there will be conflict but if we have a common currency for east asia common trading currency that is not used in each country but for the purpose of settlement trade only then there will be stability but trying to promote the yen or the yuan that is the way to go again its also Gold Standard and thats what ran the economy for most for most of recorded history its been run on Gold Standard and selling because of the hokum and p. T. Barnum quality of the Federal Reserve bank in new york to convince the world that forget gold the dollar is going to give you a magical putting pie they were growth never ends and you too can be a Hollywood Star and ok worked for a while but now its breaking down its breaking down as weve covered you know in Los Angeles San francisco or new york or washington d. C. Where prices of property can keep on going up thats how they keep you in gage and their manipulative system is that you have the asset which is the property and a they can make it keep on going up in price and you feel like youre winning but the rest of the world is looking at this this is a moment just like the 1971 when Charles De Gaulle in france asked for their gold back then and they called the bluff that the ledger they were keeping on the amount of gold in their reserves was a law and he exposed that now theyre in there with. This guy from the Prime Minister of malaysia saying as you say we dont even believe that they have the fake paper think dollars to back us that there is no theres no i mean even the indian and paper there but again its like mafia capitalism you know currency orlys a trade war war so the u. S. Has been operating like a mafia currency mafia and now the people are demanding actually to get their cash back like the mafia the u. S. Will resort to via. Once so quickly you know Warren Buffett has been. One of the chief beneficiaries of a u. S. Dollar system he has wells fargo he has cocacola and hes a very against gold and so here is a tweet today i learned that the price of coke remained the same one nickel 0. 05 for 70 years after it was 1st sold in a world where weve become accustomed to our money losing its value and being debased how is this possible and so they said on n. P. R. This is how the interview and you might think inflation would have been a problem for cocacola the whole time by andrew young says there wasnt really inflation before the 1940 s. Yes prices would be under up sometime sugar in the green has cost more but then theyd meander back down after the 1940 s. Inflation is here to stay prices just keep going up what happened the u. S. Went off the Gold Standard dollars no longer had to be backed by gold so we went off the Gold Standard and prices continued to climb and climb and climb and climb and climb yeah you know the minimum wage if it kept up in the same way would have had we not gone up the goal center in 71. 00 would be almost 50. 00 an hour that would be the minimum wage 10 times higher almost than it is now anyway were going to take a break and when we come back much more coming your way. Officer. To get up off the ground begin to. Sound mighty. Manly. Wish to do away from. The officer did they kind of lunge for the weapon once missed and then what happened on tree swung. Didnt hit him i never saw any contact with. Any kind of went back to where they were back here there again 15 feet apart at this point and thats when the officer is gone and. So what weve got to do is identify the threats that we have its crazy. Let it be an arms race. Feeling dramatic. Only. I dont see how that strategy will be successful ready. To sit down and talk. Thank. God. Thank you thank you thank god. Thank. God that. Buchan back to the kaiser report it is my great pleasure to bring back once again one of the biggest mines in macroeconomics the guy over there gold money dot com is the name is allister Mcleod Alister welcome back nice to be back max alister the u. S. Federal reserve chairman this past week said that we should get rid of the word unconventional when related to Monetary Policy measures like quantitative easing that is it is now conventional policy euro thoughts you know anything to print money basically the last refuge of this of us of the scoundrel is printing money i think. I mean anything that supports the opportunity it should just print their way out of trouble just what its doing i mean next well hear say m m ts a good idea this is not correct that when quantitative easing was introduced people said hey youre monetizing debt and debt monetization is always a recipe for hyperinflation a currency collapse every single country thats tried it has failed under at hyper inflationary currency collapse and the response from central bankers was no thats not the case because this will only be temporary and weak as ben bernanke he said we can reverse quantitative easing in 15 minutes if we wanted to now here we are looking at quantitative easing 4 there is no reverse all this is massive ponzi scheme economics and is it not simply a case of debt monetization alister it is simply that yes i mean the idea that you can risk of the economy by deep basing the currency is absolutely use it because what youre doing is youre transferring wealth from people without their consent to the state. You know this this doesnt actually true. The Economic Outlook if anything it makes the outlook deteriorate they can be a temporary benefit and thats of course what theyre playing on but theres nothing temporary about the policy now it is becoming permanent its quite simple they are printing money temporary benefits are almost by definition a ponzi scheme everyone loves it intell it suddenly collapses and let me ask you this that we have 11. 00 trillion dollars in debt around the world now with at negative Interest Rates and that number a growing it would appear that not only are rates never ever going up again in any meaningful way and not only are rates going to be universally had 0 percent but we will also have not 11 trillion in negative Interest Rates but probably 80 or 90 or 100. 00 trillion in negative Interest Rate out there its going that way isnt it because they just print print print and thought of it is to suppress the cost of borrowing and this is actually not so much to improve prospects for the private sector its more to make government borrowing affordable that i think is the primary reason for doing q. E. Is printing money basically says that governments can finance that deficit and in the coming years the costs of welfare states will be escalating the amount of taxes that government collecting in real terms will be declining so how do you bridge that gap you print money thats where we go maybe you can settle an argument ive been having a dandy blanchflower former guess who is one of the top guys at the bank of england hes an economist i made the point im number of years ago that this type of quantitative easing doesnt fight the flay ssion in fact it causes deflation in that we mean the increase in zombie debt am i not now the winner of this debate ouster quite clearly you oh thank you house a brilliant there. Sir and lets move on ok so on that note it looks like the fed cuts yeah still the markets at all time highs of course but this is doesnt let me ask you this donald trump loves the fact that the markets are doing great and stock markets are going higher if that were true alister does it isnt that when you would see rates go higher higher rates indicate a booming economy not rates going down to a 4th alfre well basically the devaluation of the stock market is if you like based on ultra low Interest Rates and the prospect perhaps as you just mentioned of even negative Interest Rates and you know on that basis your valuation for anything can be sky high thats all it is at some stage there will be a realisation in the market that the contraction of business in the real economy is actually began to be so serious that all these valuations are complete time sky and then there will be a massive return to earth the only exception i can think of is if governments actually step in like the japanese have and buy the market buy stocks and end up owning a big chunk of stocks buying anything that comes into the market they could well do that because there is a fear among central bankers and this was expressed by county yesterday that theres an awful lot of collateral on the banks Balance Sheets which is unmarketable theres a lot of collateral which is. Or sorry ass it unlisted assets which are in public funds you know mutual funds unit trusts. You know hedge funds and all the rest of it and the problem is that if those asset values decline theyre going to be uncovered if the public starts selling lease things they have got the liquidity in it in the fund soup. To pay out and we go to the tickler case in this country a guy called neil works that is a hot shot fund manager set up isnt Fund Management business few years back and is very much the dotting of the industry hes had to suspend redemptions and one of his major fronts and this is creating a huge problem in my view that its not the 1st of these instances that we will see the Global Economy becomes a roach motel easy to go in but you cant get out now lets talk about asset values for a 2nd and collateral and the remarks of mark carney because what weve seen over the past 30 or 40 years particularly going back to the reagan factor era of deregulation is this constant reclassification of collateral and what constitutes good collateral and the Central Banks whether its basil agreement to or basil agreement 3 or the utterances of the bank of interest national saddam and they are constantly lowering the bar what constitutes collateral it appears as though almost anything can be said or collateral at this moment and there is no good collateral anywhere by the definition of even 10 years ago and if thats true then how do we price anything of Interest Rates are 0 and anything including you know bad war oem i forget what the word is for that off the top of my head guar a i think its considered good collateral what can a friggin to con me is this out there i think youve got a very good point because i mean the whole thing its a crazy it defies analysis riddick and the Central Banks now got themselves into this awful mess theyve only got one weapon and thats to print money as i constantly tell everybody and it just doesnt work and the fact is that if you print money you transfer wealth from people to the government or to the central bank or to the bank if theyre creating bank credit. Here basically im pope ish everybody and youve got no economy that is the end point if you like to which we are moving but its basically trying to warfare you know you have all the Central Banks are dug in and instead of firing bullets all day long for no reason they just print money and the result will be the same a global catastrophe it or reparations will follow 11 country you know china will demand reparations from the u. S. The u. S. Will become enraged and theyll probably you know as a lot of people have said currency wars lead to trade wars lead to hot wars so once this blows up and china demands reparations and the u. S. Gets the short end of the deck of the new banking versailles agreement were going to have you know this is how you this is how you get fascism this is how you get political extremism alister your thoughts with us absolutely right. America does have a huge problem and that is that she has been financing a so by if you like running a trade deficit and reporting the dollars which have been so to foreigners in order to finance the government foreigners buy u. S. Treasuries that story is now coming to an end no the problem for the American Government is they cannot afford to stories come to an end and i think this is why theyre gunning for china so hard what they want to do is make china an investor pull for International Portfolio money so guess what the money will go into the u. S. Dollar deficits they hope its almost as if theyre saying we dont care about the rest of the world it can go to hell as far as were concerned but america will be all right as long as we get the portfolio flows and i think this too simplistic analysis if you like from the american end if that is what they say but thats certainly the impression i get from their actions the story of china in the u. S. Is that they have a reciprocal arrangement chinas. Has a lot of u. S. Dollars on the Balance Sheet they keep their currency low to export their way into massive g. D. P. And that they would not rationally dump dollars but if were going to a hot war a trade war slash hot war and you enter into the fog of war china could irrationally dump a trillion or 2 trillion dollars worth of u. S. A carries and crash the dollar and they could also according to chris cook whos a respected Energy Analyst they are now the swing vote in the oil market and they have the ability to craft oil which of course have put every single american frack are out of business in america once again be compiling depended on Foreign Energy sources i mean thats where things can go when you have this type of environment where as you point out every single problem is met with only one response money Printing House or own the chinese i think i would caution and say that they are very unlikely to trigger. A nasty Economic Situation i think what theyre more likely to do is just sort of respond in kind to what the americans do so youre not going to get an aggressive china i believe unless they actually really do get cornered by. The neo cons in america in that in that situation they may have no alternative but to walk away from the dollar completely as you rather suggest i dont think they would necessarily just go and dump dollars but i think what they would probably do is they would probably drive up the go price that would be a far more subtle and logical thing to do and if go price went up to about 2200000 dollars i think that would impact on the dollar very negatively because the dollar is the other side of the trade and not only that but i think that people wouldnt blame the chinese to driving the. Price goes up i mean they would just say well you know youve got chinese youve got the russians youve got the turks youve got the indians you go all these people who go in and fight go to guess what americas Monetary Policy has driven them to do it in even greater quantities the only available supply so i didnt really think that china needs to do anything direct like dumping treasuries i think that will be too it would be too aggressive and it would lose china is that it will say for support but she relies side america on a fair enough alister thanks again for being on the kaiser report thats my pleasure and thats going to do it for this edition of the kaiser report with me max kaiser in states there but i want to thank our guest out of gold money dot com if you want to catch us on twitter its kaiser report until next time by o. O y paradise with some around turned into how around the experimentation field for agricultural chemicals we know that these chemicals have consequences they are major here theres no question otherwise why would the Chemical Company workers themselves be geared up and suited up locals attempt to combat the on regulated experiments that often in day you have many of these people one foot into the biotech pharma and the other foot in the government regulatory bodies this kind of collusion is reprehensible while the battle goes on the chemicals continue to poison hawaii and its people so one has to ask the question whether there is a form of Environmental Research going on in hawaii whether these Companies Feel they can get away with it because the people have less political power. 27. The german newspaper developed published an article claiming that the European Union that last 30000000000 euros as a result of its a very anti russian sanctions. Particularly affected Eastern Europe many polish farmers went broke and even committed suicide. Sometimes i cant account for as i was of on the get on line with. Will put on the ground on the. Phone does it for the younger them to have to find out for the longer going against the dolls and on to other kind of unknown home police think it doesnt then lets see in the arm in the pool in the longest middle position. On does dance with all the folks not so much income. Seemed wrong why dont we all just dont call. Me old yet to say proud disdain because as a kid and in games from an equal betrayal. When so many find themselves worlds apart we choose to look for common ground. And. Leads messages suggest a Corruption Case brought against brazils former president Lula Da Silva wasnt sacked a stitch up designed to undo his reelection bid. Parts of the Mainstream Media mourning the rubble ive come to fought against assad and only to harness and praise the 911. 00 attacks we take a look at the controversy over a figure. And accusations of u. S. Meddling in british politics after secretary of state my pump is reporting pledging to push back against u. K. Opposition leader germany portman becoming Prime Minister