That they basically raid all these savings these safe deposit accounts and introduce a tax if you if you voluntarily tell the government how much you have in there theyll do a flat tax of 15 percent i dont know what the higher rate will be if you fail to voluntarily disclose it but theyre coming after your savings quit now for those italians that want to keep their savings or put it into because you can escape the confiscation of the government or the vatican whoever runs the country over there and you will preserve your wealth and jurisdiction that respects your sovereignty as an individual and respects your wealth dont live in a country thats just going to rip you off blindly we live in america because they have good speech rights and we dont want to end up like these other journalists that are being beheaded or jailed so we liked our american passport but you know we prefer that but if youre in italy and you want to preserve your wealth dont live there or if theyre going to take it move to a some other area where you can. Move here because i have a life you dont want to be a part of a neo feudal slime state of living in dirt and picking you know whatever seeds you can out of squirrel poop you need to get a life. First of all 2nd of all this is a complete repudiation of everything post the enlightenment right so theyre saying that markets dont work that private property doesnt work and that only the crazy statists with their guns and there are some crazy theories based on some discredited catholic cult nonce these guys are insane you know dont live there its a nutty many many place theyve got good pizza but dont go live there but this is a theme that weve been covering for the past 10 years we saw in the last episode Deutsche Bank ran up some bad debts they made some bad bets and they lost but they themselves do it a bank was not made to last the taxpayers of germany have been gifted all their bad debts here in italy again the banks have made a lot of bad bets and those have already been perhaps transferred to the e. C. B. We dont know yet and told it all actually falls apart and we get to look at the books but right now theyre going after the individual the bottom 90 percent and theyre going to come and take your stuff theyre going to do like a balan thats already in the globe in the european laws that theyll do a balan and this is what theyre looking for theyre prepping for isabel and they always come to take their stuff i mean just to be clear right so the italians that have money in safe deposit boxes those safe deposit boxes are going to be raided by the state to pay the bankers who made bad bets ok so we saw that in greece we saw that nice. You know they had a different reaction iceland actually kicked out the terrorist bankers you know iceland i think all the time should move to iceland ok its a different whether you get you know its not so much pasta more fish but you could keep your wealth move to iceland you can buy property there is cheap dont live in italy its a wasteland its own facade then the south its all the mafia its tarver. I love italy its amazing place as great food and stuff like that but youre open a bank account there know just like greece you know greece is also beautiful it has an amazing countryside amazing food maize and weather and there but theyre not germans and the European Central bank is set up in order to help the germans the dutch and some of the northern states as if you read collusion by no mean prince she highlights this exactly and she talks about this but again so this intervention by the Central Banks over the past 10 years there their scheme is falling apart they have shifted a lot of wealth to the top and its the bottom 90 percent who are having their assets seized in this case in italy right here theyre proposing a tax like its very blatant as obvious and at least as transparent theyre saying were going to take your money ok in the United States there is this. We have the exorbitant privilege of the worlds serve currency so they are allowed to print and allow and allowed to say look the average wealth is going up the average income is going up because the the wealth of jeff bezos is rising you know in 2008 it was like 45000000000 now is 150000000000 how did that happen during this time so i want to look at the story. That came out in the past week and thats from Jesse Eisinger and he looked at a home a property that donald trump his Company Owned in Beverly Hills and he saw a case of individual corruption not systemic corruption i posit that this is systemic corruption so he knows that the price of trumps Beverly Hills mansion was assessed at last year 8300000 dollars price indonesian Business Partner secretly paid for the property a couple weeks ago 13500000 this is the property that trump own to the flats of Beverly Hills right near offer a day or drive. His Company Bought it for 7000000. 00 in 2007 and now its worth 13500000. 00 Jesse Eisinger looks looks at that and thinks this must be corruption on trumps part in moscow be him individually being paid when more than the property is worth thinking that 7000000. 00 property must really only be worth 8. 3000010 years later but if you look at all the properties all around on zillow you find out that they also doubled since 2007 all of these properties i sent him this this is from zillow all the properties of animals have also doubled and in fact this is what the elite are getting this is what the likes of donald trump is now where 3000000000. 00 where they get from the Federal Reserve what how the intervention works for them member this inflation deflation debate is ill oh estimates that property of that trump sold was worth anywhere between 10120000. 11 so this indonesian guy perhaps it over pay but what theyre showing is that the last 30. 00 day to change the property prices in that area are going up 1. 2 percent a month which on those wealthy big mansions equates to 131000. 00 a month jesse. Simberg isengard eisenberg he had a conclusion 1st and then he filled in his. To fit the conclusion yes and youre saying look there is a story here is the systemic breakdown of economics and crisis coverage through central bank flooding the market with phony fake money thats the story yes you know it also reminds me of know me wolf you know shes a famous feminist i think her name is that is now me wolf know me well fia so she came out with a book where she jumps to the conclusion its about homosexuality in line in the 18 hundreds and the punishment there of. And she missed read the law and made the absolute wrong conclusion and was pilloried for this well not pilloried but in a very english understated way that her face ripped off on a live radio interview in london but again she has a conclusion 1st and then you fill in the fake data the fake news to support it but marcus you know this day everyone learns us from the stock stock market right so in Goldman Sachs they pick a price 1st for where they want the stock market to be or where they want gold to be and then they fill in the trades to get to that price theres no price discovery just like there is no journalism is no Investigative Journalism anymore it is people who make incredibly. Conclusions and then fill in fake facts to get to those conclusions so in that regard trump is correct theres very little outside of just pure fake news if thats not too much of an oxymoron just say its fake news and thats unfortunately it spilled over into every nook and cranny every orifice of society is now jump 1st and then fill in whatever law you need to get to that fake conclusion again when you tune into the cable news here they are so or look at geopolitics they hate Saddam Hussein they hate khadafi they hate trump hes an orange guy and its him individually its not the system you the viewer out there do not question the system this system is perfect because i you know this elite journalists in washington d. C. Or new york where they all live it benefits them so they dont want to look at that system they dont want to condemn the system they want to condemn individuals who we all can agree has funny hair or theyre fat or theyre ugly in some way and theyre vile in one unique individual trait of their personality and that is the reason why his property prices going up 131000 hes uniquely corrupt its not our system which is you you. Weakly corrupt dont question the system. And you never get anyone questioning the Financial System for sure because you have a financially illiterate population that cant add 2 plus 2 right salad out you just ban belittle them very very simply on every major mainstream alan you cannot bamboozle folks into believing this nonsense as you have pointed out very distinctly well were going to take a break when i come back much more coming away dont go away. Why a paradise with some around turned into a round the experimentation field the agricultural chemicals we know that these chemicals have consequences they are major here tens theres no question otherwise why would that the Chemical Company workers themselves be geared up that suited up locals attempt to combat the on regulated experiments but also in india and 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 chemicals continue to poison hawaii and its people so one has to ask the question whether there is a form of environmental racism going on in hawaii whether these Companies Feel they can get away with this because the people have less political power. What. You put themselves on the line they get accepted or rejected. So when you want to be president and you. Want to listen. To going to the press this is like the before 3 in the morning cant be good. Im interested always in the waters in the. First. Oh. But come back to the kaiser report time now to turn to david margan of the Market Report david welcome back to matts its great to be back to you stacey thank you. David margan the gold silver ratio recently had about 9 d. Whats the significance of this of any and that if think all do you think all will drop or civil will rise to return the ratio to its historical average david 1st off a 26 year high but if you look at it and what does it tell you theres no doubt what it really tells you if you could argue its meaningless as mean claw dont care the fact is it tells you how much silver takes a bite out to go so right now takes about 90 ounces of silver by an ounce of gold whether that means silver undervalued or not i would say it is but you know you could make that argument really really want to point out was you go back to silver bonanza my friend Franklin Sanders book way back if you publish in 93 and you look at the ratio gold silver ratio for the 13141516 hundreds it was a 12. 00 to 1. 00 which is the natural ratio thats how come out of the ground so for a 1000 years that another 1000 years another 1000 years or another 1000 years the ratio was 12 that once you have 4000 years where the ratio was 12 to one when they were used as the same thing money. And then we got on more sophisticated more quiet except her and we went to the baker being littler surprise at luton you know got the bank back on the Gold Standard and the ratio had gone to about 60 in the one he deemed it 15 and a half and thats what i call the monetary ratio and it remained there for a while so if you look at it from a Historical Perspective its only been the last 100 years or so weve had these i love their anomalies are not factual weve been above much above the 16 to one ratio and of course we actually hit about 101 a couple of times so whether it was the monetized thats one silver star these rather significantly. Big changes in 2 its a ratio many argue that the seller has bank completely d. Monetize and so it should trade more like an ordinary industrial metal like palladium and so the gold and sell ratio no longer matters their thoughts well still monetary aspect i was given the program a debate well the up and comers very nice nice guy pretty thoughtful about silver being money or not and of course i had a ticket to go help you know i never said i know everything which one of the best legal constitutional legal people into in the world my view. Dr edwin vieira and we discussed it so theres 2 aspects to it naxa not trying to convert because for make a real simple legally or economically legally silvers money no ifs ands or buts about it it absolutely is legally money but ive become to stupid to go into walmart with a legal tender 1. 00 ounce us minted silver eagle put it on the desk and say heres 1. 00 which there would have to accept legally for you know half a pack of gum but i could do that and its absolutely the other part which is more important is it economically money and the answer is really not because of what i just said who would be in the right mind put down something. You know you had a much higher value in the open market that has on the face value of that coin bed coin is not legally money. But the community is making it legally money because its got a lot of Community Support you know why cant the Community Get by itself or you know 1 i dont know i kind of tip my hat to you max i mean you had to do it by silver to j. P. Morgan i mean i think it added a lot of Peoples Awareness of you know silvers potential to be reintroduced as a monetary asset but as we all know it just go our way you might say however i think there will be a resurgence of silver as money because what is cool starts to take a run then the people that are tuned to the gold move will move in the so rick has this better value it is cheaper its maurices afford so i think there is still that monetary aspect and look ill be the 1st to say so residue a purpose primarily industrially 60 percent of series uses right now is industrial uses so only you have to be other 40 percent as monetary bet be less than half of it is it youve got jewelry and got silverware so the monetary use the silver really around to 10 maybe 15 percent of the total but its still got that amount as again its a small market that if brother was a russian the gold i think will spill over the silver be rather significant so lets talk about the kind of like how the u. S. Dollar fits and all the the dollar continues to rise the most quarter and access now over 97. 00 and now that wheres this going or the dollar going and also its important to understand in our talk about gold a silver price in dollars if youre looking at gold its making new all time highs priced in australian dollars its making a close to new all time highs in Canadian Dollars and russian rubles and there are number of currencies arts at or make. You know all time highs only the u. S. Dollar you know do we say theres a lagging saudi but the u. S. Dollar is at the rate World Reserve currency. How important is the dollar to this whole thing Going Forward david 1st of all wheres the dollar 1000000000 dollars going that does bin of history like all theocracies this is going to the last when they get there and so as you said you know visa these other currencies go looks pretty good the dollar is strong for a variety of reasons primarily because we have special access to being the worlds reserve currency it has to be accepted in most year Commodity Trades however its at a lower level than it was a back in early 2000 when it was 120. 00 in a dollar index right now i think the dollar will maintain some strength to some weakness but i ultimately believe when the liquidity squeeze comes when the next 2000 a crisis hits when the panic manic buying of real assets takes place that the dollar will actually strengthen the reserve why is because its a liquidity squeeze and people go to what they trust the most most people less to listen to max kaiser you know others in our peer group have no idea what really goes on in the field system they just are clueless and so it takes place as people sell their bonds sell their stock sell their house other car sell anything 4. 00 so you see a run of gold and a run the dollars at the same time and many people say why might that cant be right how can the dollar and gold are going up the same time is because there is a run to what you trust theres a run to capital thats understood then will take place later and i dont know how much itll be a week 2 weeks 2 months 6 months or dela be 6 months but itll be some period of time where wait a minute if dollars arent buying me as much of goals accelerating you know piece of beef the u. S. Dollar more than these dollars are so that amount of dollars dont go in those exact amount but some amount of that dollars will move in the gold market that. To get the acceleration in the gold if you see the dollars tomorrow this really took place just a dollar do it out salute 0 no no i think the powers that be are too aware of what route to explosive these few out systems and they probably have a plan a b. Or c. I dont know im not privy to the upper echelons of the deep state how theyre thinking goes on this Banking Cartel what i do know is you look back to be oh yes about a decade to 12 years ago. They only accounted for member banks in gold they could care less for Foreign Currency Exchange were they sure less would feel guilty rather other countries all they cared about was how much gold was in their bottom line but you dont hear that anymore because its you know secret now but libya as you know is the bankers bank as most of us know and thats how they account for their own account for stuff you can print their accounts were gold oh yeah theres still the internet account among Central Banks is gold and you know theres so much of the sphere of money thats been printed and i heard somebody recently mentioned that the amount of money thats been printed in the last 15 years versus the way that the gold stock reflected the amount of money that had been around in the system back in the thirtys but youd have to make the conclusion that gold at 1300. 00 an ounce is the roughly equivalent to go all that 35. 00 an ounce in other words. You know theres so theres so much money there so much of these derivatives and funny money and fake money that versus the actual all known above ground quantity of gold gold hasnt been this cheap sense it was 30 5. 00 an ounce relative to the amount of this bogus fee money david exactly when thats reseller was when i started the website in silver on an inflation adjusted basis was cheaper than it was during the Great Depression it was like under 5. 00. But that 5. 00 value was less purchasing power than 0. 22 was during the Great Depression and their business so to say they totally agree with you max has a lot of upside to gold market and silver market and its just a matter of time i think you know the 2000 a crisis was never really solved i mean we had a debt issue primarily subprime mortgages everyone that you know listeners hes probably seen the big short l. What happens is they made the problem worse i mean that they the banking the stablish would be your local bank or your central bank or your National Bank or you know all the way up the chain the b. O. s everything took place to just make more debt papered over loan you know more. Morphia basically in the system the reason most people are really misunderstood what took place is because it was sterilized this went to reliquefy the banks but it never really hit main street it went to wall street and the liquefy the banks it didnt go on to the you know the main public with their wages were increased during that type of thing in fact theres pressure on the downside due to china competing currencies in a way the world works now relative to what it was a say the seventys when i started the workforce and everyone that was in Major Industries major corporations are given a c o l a cost of living allowance adjustment to their ways i think it happened every quarter every half year or so so we thought at that time that you know as this Inflationary Pressure continued you had to get hired our wages are kind to go on the lives of the weimer republic where you know you might not. Stay exactly with the inflation rate but you were at least told that were you dont to make your wages. Continue to increase as a place to accelerate that of course stopped a long time ago their ways are as are the the nail you now existential threat in america and that probably will not have a very glorious and. But lets in a minute we have left here you know the stock market are signaling one thing you know Economic Growth the bond markets signaling a completely different outcome these 2 are completely showing different outcomes here thoughts where the bond market. And the bonds really says. This is a good deal curve theres a recession built and theyre scared to you of that and want to bomb or who starts to falter if youre going to go along with it but it has started to falter you know its an existential crisis the bond market its a negative feeling they got negative yields in europe how how how much what do you what where does this all going to go david it doesnt and other words authority gone past the Event Horizon of a catastrophe. Well baby it has the markets havent. Added so that i mean theyre just kind of pretending you know like jim ziglar likes to say extend and pretend extended out and pretend everythings ok and of course as you stated its not that i dont think its hit. The bond traders enough to where its you know been a crisis where we see it you know in the mainstream Financial Press who are said look weve got a real problem in the bond what you should correct there is one but i dont think its had repercussions yet this is are subtle a times i mean sometimes a small change as a big big difference over time i just think weve got to give it more time before you know this mess starts to unravel even further than it already is well thanks for being on the well i have to be on another segment if thats ok but thanks for being on this part of the kaiser report. Thats going to death of this edition of the kaiser report with me max kaiser and stacy i would like to thank our guest david margan of the margaret party can reach us on twitter a cause a report until next time by a. Narrow door brets or head. Up a 140 feet but such. An arguer. Serving as the meal its. Just a city the connecticut. Consumer because we will. Put them in a key piece you know not just because. They are the house of the. God since way. But i need. To mean dont hate. This kid who need. To get. Closer to the system different meaning and cool to him in the midst of them run into him. Live. Live. Live live. Live. Live. Live live. Live. Live. Live. Oh. Please. Live. Live. Live. And very well welcome to you watching all since last. So what weve got to do is identify the threats that we have its crazy Going Foundation let it be an arms race in his own very Dramatic Development only personally im going to resist i dont see how that strategy will be successful very critical time time to sit down and talk. We came here where you were before you came here when you live. In many u. S. States Capital Punishment is still practiced convicted prisoners can spend years waiting for execution but most of the time the victims families they are very much in favor the Death Penalty there are some people because of what they do have given up their right to live among us some even proven. True and how many more exonerations is it going to take before we as a society realize that this is not working and we actually do something about. 10 minutes to spare thats how close the u. S. Came to a direct military confrontation with iran doesnt trump says he canceled a strike on the Islamic Republic moments before launch. Said i want to know something before you go how many people will be killed came back said sure approximately 150 and i didnt like it. An f. B. I. Agent accidentally revealed his social media post motive anti russian conspiracy theories going to investigation into a synagogue shooting. Also to come this hour a lesson in life his College Student claims he was booted out of class for arguing there are only 2 genders. I knew what you think and i knew