Am max kaiser this is the report as predicted on this show many times yes quantitative easing for q. E. 4 is now well under way cant taper a ponzi scheme no economics matters only money printing and stock manipulation j. J. Clayton master manipulator shame on you yes stay clay in as the chairman of the f. C. C. And jay powell is the head of the Federal Reserve bank and he recently said we should get rid of this word unconventional when relating to all the crazy Monetary Policy tools hes deploying and of course i just want to read quickly these headlines from dow jones market watch just say you can see the environment in which were going to cover the headlines u. S. Economy gains just 75000. 00 jobs in may as wage growth flashes a warning signal with 3. 6 percent unemployment but one 3rd of americans say they need a side gig to pay expenses and then investors are so bearish on stocks its about time to get bullish says bank of America Merrill lynch which is quite odd because of course stock markets are far higher than they were and the lead up to the 20072008 crash and as you point out theres t. J. Theres jay clayton Jay Powell Jay Powell over the fed but clayton one on a Mainstream Media recently and claimed that you cant have a be big coin e. T. F. Because you have to solve the manipulation problem jake claimed to over at the f. C. C. Oversees the the greatest crime spree and market manipulation spree ever in the history of the world hes a racketeer hes basically the john gotti of manipulation and he should be in jail and and punished. Severely for everything that they said the l. Lot of banks pay constant fines there was just a fine this week paid my 91000000. 00 by the 4 x. Market riggers so rigging is part of the economy and thats part of the Financial Market so without fraud there would be no stock market is that you cant seize a fish in a fish bowl yes so surrounded by for you can see the fraud bitcoin will get rid of jay clayton and the f. C. C. Thank god because theyre horrible and yeah you know they melt up in the stock market is well underway to say that stocks are some people are bearish on stocks this is new speak from 1904 you cant have people are bearish on stocks while there its hitting new all time highs and trading adjusted for stock buybacks its never traded at a higher price to earnings multiple in history not even in 1029. 00 or stocks trading at this high of a price earnings multiple and they are right now adjusted for jay the illegal stock buybacks there is actually an e. T. F. Which is just launching for a trade war its a trade trade war e. C. F. So you can bet on that but that relates to this 1st headline here druckenmiller dumps all his stocks piles into treasuries expecting rates to hit 0 this is standard or who used to be the chief strategist for the quantum funny you know soros is fund so hes considered you know a great stock picker he certainly did well for joyce laura he sold all his equity portfolio and hes gone long treasuries when the trump tweet went out he said i went from 93 percent invested to net flat and bought a bunch of treasuries Duncan Miller said monday to bloomberg referring to the may 5th tweet from trump which threatened an increase in tariffs on china which sparked the most vicious bow of trade war related selling yet explaining his decision druck said that its not because im trying to make money i just dont want to play in this environment for a story hissy fit like next week. Decided to go 150 percent long stocks thing about having a quantity thats fun as they dont pay any fees to liquidate your portfolio back into your portfolio done most of the sky hedge funds never perform he said a lucky track record for a few years he and george soros of course invented reflexivity theyre caught their term for market manipulation the you know soros said if you were to bully stocks enough you can manipulate the price we call reflexivity its called stock manipulation j t by the way said this before the rally going into you know because trump is causing wild swings he himself does way up at 4 in the morning in a bad mood sometimes and ill tweet something crazy or he watches fox news and then he tweet something even crazier and then you tweet something sensible by noon once hes spoken to his wife its like so he is great for these sort of guys hedge funds they love the volatility right so he has certainly brought with his tweet some interesting volatility to all sorts of local markets and to well look at your face say now thats like the look of many World Leaders looking at tweets going we were at war now well on a percentage basis you know im not sure he causes any more volatility than weve ever had the stock market because you know a move on a 25000. 00 dow looks big but its on a percentage basis not so big but worry does help are in the Options Market so the Options Market is where you can you know take a lot of premium volatility premium off in ways that he is definitely helping so if a 5. 00 option is swinging 22530. 00 back and forth based on trump tweets yeah you can make a lot of money in the Options Market company like microsoft again here is market manipulation they manipulate their earnings announcements with purchasing and Trading Options on their own stock thats called marker. Jay thats 5 examples so far in the 1st 5 minutes jay clayton then the article goes on to say looking at other assets classes jack and miller said that while treasuries have become less interesting amid the furious rally in recent days they remain quote the best game in town if the economy deteriorates and certainly if rates tumble another 2 percent to 0 or below he said and golds not bad either look when you have a lot of intro and now negative Interest Rate bonds in the world there will be no Interest Rate rises ever rates are going all rates in all countries are going to 0 and most countries will go negative and the stock market will melt up of gold will melt up bitcoin will melt up then theyll have the fed and these governments will coordinate and theyll say in less youve got prove to us and we have Surveillance Technology well know whether youre lying or not youve got a 25000000. 00 net worth in assets. If not and youre deleted just like you 2 can delete people spuriously. Ill go see as i just delete you theyll say we had no we didnt make an executive decision to delete this person and cast them into the into the d. M. Z. Into the swamp so the no a lot of bad lands the algo did it we didnt do it and theyll be millions of people wandering around in a zombie land but if you got 25000000. 00 that would be the cut off im guessing and you know you live in a Walled Garden or a fortressed barricaded spot and youll have you know you look great but thatll be available for very few people but its coming probably in the next 18 months you know i want to look at this chart because you talk about the coordination between governments and Central Banks but im not sure that and many of our guests have actually suggested that that might not happen in the next crisis and what weve had is since 1971 when the us went off the Gold Standard there was a lot of coordination people other nations accepted that they werent getting their money back namely the United Kingdom who had just asked for their gold 300000000. 00 worth of gold that the u. S. Had no were going off the Gold Standard and nobody complained maybe behind closed doors they did and then japan started to overtake us even on this global currency grid the japanese out competed us and then they were threatened or whatever and the u. S. And japan. Agreed to the plaza accord they agreed to basically allow the u. S. To dominate instead so you know since then we have this chart and this goes back to 96. 00 just after the plaza accord the blue line is the u. S. Yield 10 year yield the red line is germany so germany since 20142015 has become exactly like japan japan since the plaza accord has basically. This is the end of that weve weve been able to extend and pretend since 1906 that this whole global off the out system has been fine but in fact what youre seeing is the slow death everybodys zombification this is the zombification and the all you know central banker on economy right well one of the unforseen. Circumstances that occurred by the reagan factor period of deregulation was that the biggest beneficiary was japan so then you today in the u. S. Had to get together to squash japan again was the atomic bomb of Interest Rate manipulation another manipulation that 6 now in 6 minutes and so japan had to be put back in the box and but then the result of that is that markets became completely zombified and dead then you had the greenspan put the bernanke you put the janet yellen put the jay powell put so every single fed chairman has come in and theyve squashed price discovery in favor of price manipulation j. That 7 ok right i can come up with 30 years this is a mark manipulation so. Are you a frickin moron thats my question jay how do you even walk down the street without forgot your face and smashing it i mean youre obviously a complete imbecile Jerry Clayton so market manipulation of via the federal open Market Committee and the various Central Banks around the world of course has resulted in the stock. Boom this week because Market Participants are betting on up to 4 rate cuts by december so heres the head life and wall street heres my prediction if the fed doesnt cut rates 3 or 4 times by december 11th markets are going to. Stock market and Corporate Bond markets are in lala land pricing in an economic boom theyre not seeing a rate cut economy so why would the fed because the feds boller just said this week that the rate cut is coming as well so and yet the stock markets in the Corporate Bond markets at the junk bond market especially is like booming as if boom times are forever well heres the thing he said the stock market is near its highs and predicting boom times forever more during a downturn of the type that would induce the fed to cut rates corporate earnings collapse revenues fall p. E. Ratios go to hack and over Leverage Companies begin to default on their debts which tends to wipe out shareholders economic downturns can be terrible for stocks that have been inflated like this and priced way beyond perfection but there are no signs yet that the stock market which is supposed to be forward looking is pricing in any of these risks as gallivanting around in la la land theres no risk it was writing a melt up in stocks look heres a tip for the democrats Elizabeth Warren said a couple of things that really were actually lucid so she seems like shes got over whatever her problems were but heres a tip if if the economy is really doing well like. Then Interest Rates should be going up exactly right so the fact that Interest Rates are going down is because the economy is crashing and its in dire straits thats simple fact that talking point in the hands of someone who can speak like that all about the warren for example should give them traction leading into the 2020 election ok but they wont will never do that because their entire base are just social justice warriors who are dont want their feelings hurt so theyll never win but thats a fact and the bad job numbers allegedly you know so they always revise them a few months later but right now thats causing markets to rally immediately because theyre receiving bad guarantees from rate cuts for them but they have always been that way wall street main street are always at odds if main street is doing well wall street does poorly and vice versa but now we live in an era of the central bank monetization schemes where Central Banks are always helping wall street and only bad trick of the Financial Markets that he only looks at our stock prices that is his knowledge of because he own stocks are going to take a break when we come back more coming away. Seemed wrong. But. Just dont hold. Any world yet to see. This day come to cancel and in detroit because the trail. Went to find themselves worlds apart we choose to look for common ground. You know world big partisan movie lot and conspiracy its time to wake up to dig deeper to hit the stories that Mainstream Media refuses to tell more than ever we need to be smarter we need to stop slamming the door on the bath and shouting past each other its time for Critical Thinking its time to fight for the middle for the truth the time is now were watching closely watching the hawks. Welcome back to the kaiser report im max kaiser and time to talk with mr shad lock of miss talk dot com mish welcome back pleasure to be back on a day stacy accuse me jump of the shark what do you think about this yeah michel i wanted to talk to you about this i saw something very disturbing on the internet very recently it was you doing a cover of johnny b. Goode except it was called bubbles be good you sing you dance in a musical tribute to the fed this is buffalo stuff i know that chicago is known for its theatrical reviews and 2nd city t. V. I didnt know you were such a star well. You know max yeah i mean i recorded this a couple weeks ago and i was just worried because we both know that paul was going to come out and write and guess what 2 days ago it comes out and he says. Unconventional it is no longer the unconventional so hes talking about 0 Interest Rates for or whatever forever is is that the route interpretation or thats how is it. Were going to test the lower bound of Interest Rates and you know and its not maybe were going to do it that is just like telling everybodys cut Interest Rates to 0 you know thats kind of the point of this video that he made bubble bubbles be good in other words you predicted that Jerome Powell would come out and become a dove all the talk about higher rates was fake as it all is is and he made this video a couple weeks in advance and then the 2nd he kind of did what everyone knew he was going to do you drop the video kind of a proof of work situation and you know that i think that was part of the point of this whole thing its very very predictable because as our. Friend misfires stein says you cannot taper a ponzi scheme and the fed is now trapped theyre now stuck in a ponzi scheme as it is the global Central Banks are complicit and colluding in this ponzi scheme and your comment michelle look where we are it was in september and december of last year you had said we were on automatic pilot here for our current or quantitative tightening and automatic pilot for it least 2 rate hikes and you know some of the fed immediate action i believe were story and some im fog are going to have for fire right all of a sudden weve gone from an expectation of a median expectation of 3 to a meeting in expectation of 3. So. You know that shows you just how out of touch the. Fed go enters our everyone says when i got out and there pal is going to be different blah blah blah now its. Almost rope is waving his magic wand and getting what he wants are out about right lets talk about alice impacts peoples lives that yearn to illinois and illinois economy is in freefall the public pension sector is underfunded the taxes are going up to pay for it why is it underfunded because Interest Rates have been artificially suppressed down to near 0 so therefore theyve run out of all the money to pay these folks out of these funds for putting aside a 2nd whether or not the Public Sector is a drag on the economy or not the fact is that illinois has this huge deficit in the Public Sector because of these artificially low Interest Rates as is the case with Social Security as is the case with pension accounts all over america theyre under funded all the corporations are going under. He is going under the Federal Reserve is killing the economy they take a big knife called j. Paul and hes beating at least sticking it in the heart of america like does it not die is bleeding and hes a little having us dancing on the gravy saying i love america so much im going to kill it ok thats the be a viewer of a serial killer and a psychopath why is the not in jail miss macks you know the only thing needed as you knowing the panhandler on a cd baby is a see this is your you know mary i drank it was out thinking its you from the bed today you know talking about raid cats they do you reserve bank of australia you know cut Interest Rates janet has thought about it you know its like a Chain Reaction oh the follow a leader there you. Hand it leased out and more ikes anybody else but look at the very destructive policy of the e. C. B. Negative Interest Rates charging negative Interest Rates on money that they forced into existence i wonder if thats a not one of the huge problems behind the blog of noise find it clearly you know this is a buy in serious trouble it seems like its heading to 0 its going to be need to be bailed out you know even harder to hear anyone talk about this but the seabees policy of negative rates while increasing the assets on the books is. Punishing the banks at least in the fed we were we were the fed was crooked about it they lied about the reason the fed printed all this money and end to the banks took it and the fed paid them etc paid them interest on excess all the slowly bailed out the banks and over time in the us drag it in the opposite cabinet is that mack right thats an excellent point and as you point out in the in the. States the the policy of allowing the banks to put excess reserves on the Balance Sheet of the fed and they receive an income beldam out over time in europe its negative Interest Rates bankrupted the economy dont you bank is the new Lehman Brothers its about to go belly up that will cause a cloud global contagion however and no bank will be able to escape the 2008 financial crisis part 2 you know im thinking about your musical number bubbles be good miss shedd luck if you want to watch those bubbles be good video go to miss talk dot com its michelle block as youve never seen him before singing and dancing i was you know why not just make this into a Broadway Musical it could be a version of sweeney todd the demon barber of of fleet street remember the story of that musical is a barber that cuts the heads off of everybody who tries to get a haircut and just put general powell as sweeney todd and every time a new business is for me cuts their head off every time a pension is for me cuts their head off any time some worker tries to get a job he cuts their head off whenever try to get stone savings and return their savings theres jay powell cutting is that off and singing and dancing the whole way jay powell we kill everybody and its a great musical when you think about that you might maybe we could buy favor. Maybe someday your name will be in lights say in palo. We knew this was going max would we do it i knew this was gonna stand drunk drunken miller or drug drunk drone drunken miller says truck druckenmiller thats it now hes a guy who with george soros invented the idea of reflexivity which is that you can always manipulate a stock market any time you want to to make some artificial returns he sold almost all of this entire portfolio he put her on u. S. Treasuries he believes rates are going to 0 your thoughts now were seeing a little bit of a. Divergence where the 30 year bond its not far and in relationship. As as much as the rest of them did im still open to the idea that weve seen the bottom on a 30 year but maybe not the 10 year and what might the. Bond market be worried about a mad oh oh oh about deficits as far as the eye can see were drawn so. Its an interesting thing thats happening here. How the bond markets going to react to this when all the Central Banks are trying to do the same thing so i and the product is still out on that but weve got some big boat was here theyre going to burst max all right this is interesting mesh lets get into this a little bit more so in other words you have various bonds maturing over various length of time from one day with a bell then you have your 5 year notes then you have your 102030 year bonds and they Central Banks think control the short term the one year the 2 year the 5 year once you get further out on to the maturity you dont have the control when you get to the 30 year bond you have the least amount of control in terms of the central bank so youre pointing out that the yields on the 30 year are not falling like they are in the one year in this in a way that you would expect so youre indicating your analysis here is that the 30 year is looking at head now to when this whole thing blows up and bond prices finally after 40 years the bubble pops measure it might take a while i mean look at all the number of times people thought. The japanese bonds at the end would blow up it still hasnt happened yet but i mean were on a path globally. But actually it makes no sense the construct of negative Interest Rates it is is absolutely ludicrous it cannot happen in a free market you would not rather have a dar dollar 10 years from hell then a tumbler today thats why negative Interest Rates say its fundamentally crazy yet thats what the sober banks have don and then are talking about it and theyre saying the latest stock out of whole of the e. C. B. End of the fed same tone here this time is that wow we are under shot inflation now for so long oh maybe we need to live with 4 percent of inflation i said even how to measure it theyve created these huge enormous bubbles in that stock market housing again not as big as both or at least time wise but its there in Corporate Bonds in junk bonds and when nice falls below they create asset deflation the fed does not even understand the problem its fighting because routine inflation is a routine deflation excuse me is it is simply not a problem yet they all have this group thing that says it is and has another interest to invest they talk about the worst we need diversity on the fed well i want the person on the baddish it but you are or may are paid to ship or someone anyone else on the fed except if you know they talk about diversity is a its a matter of race its a matter of economic thinking and these guys all think a lot yeah these negative Interest Rate bonds its like a fast Food Industry getting involved in the euthanasia clinic business and selling make death. And going around and saying were guaranteed to lose money given you know join us this you to Death Incorporated thats right i mean its a repudiation every little known law of economics to be able to sell death and people paying a premium to die what ok fine i guess were all going to go to the fed the fed should get into the body bag business because theyre about to murder about 80000000 people anyway mr gotta go thanks for being on the kaiser report max those. Thanks for giving. Us a big good of. Bubbles big love it Michael Jackson i thought was about a chimp monkey for a 2nd anyway thats it for this edition of the kaiser report with me max kaiser and stacy i would like to thank our special guest mish bubbles be good shad lock if you want to catch us on twitter its kaiser reports next time. Paradise with some around turned into a round the experimentation field thank you cultural chemicals we know that these chemicals have consequences they are major here tens theres no question otherwise why would the Chemical Company workers themselves be geared up that suited up locals attempt to combat the on regulated experiments that often in day you have many of these people who have 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 chemical. Continue to poison the home 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. This is a boom bust broadcasting around the globe and covering the world of business and finance an impact upon us all and daniel brito another day another twist in the rocky trade relationship across the pacific from the u. S. Cracking down on china to the port problem facing the peoples republic john quelch the jena Business School at the university of miami is standing by to break down what lies on the horizon for me on the hostile trade rhetoric Financial Risks are not unique to china and the u. S. May start to feel some heat despite some positive news for the stock market professor wood Richard Wolfe is on hand to help us sort through stocks and what we can expect moving forward as u. S. Has opened up multiple fronts on its trade war go