Max kaiser this is the kaiser report you know. Its not about the titanic necessarily its more like the poseidon adventure sure remember that classic from the seventys everybody thought they were going in the right direction but theyre actually headed in the wrong direction. Course stacy max i have this 1st little funny headline and you as a foreign broker should get my joy out of this because who is it Something Like a j. P. Morgan had said you know markets can remain irrational for longer than you can remain solvent well heres a similar watch the worlds most Bearish Hedge Fund asks quote why people are not more bearish after tumbling 22 percent year to date this is horsemen global and they have massive short positions basically on the whole Global Economy and its not going as badly as they think it should be in terms of the markets and theyre down 22 percent and they were at a funny letter complaining it was genuine but they didnt mean to be funny but they were like we dont understand why people are more bearish you know its the poseidon adventure so these people are trapped in a world of topsy turvy them and they think theyre skipping by traveling to the aft deck i think thats what its called but they should be actually trying to exit through the stern thats correct the whole should be trying to get through the hall and its a motley crew all of people like red buttons paul newman Shirley Maclaine you know just like this motley crew of extras from the 1950 s. Movies stuck in a capsize ship called the Global Economy trying to create alpha and going horribly wrong because all the instruments there could be another way to look at it is theyre flying over the bermuda trying. Role of Money Management ever all the dials are spinning in opposite directions all these funds are crashing as usual you know the us when we do this quote why is the fund so volatile well mainly because its obvious to me that growth is slowing globally and risks are all to the downside but what is also obvious to me is also obvious to policymakers and other investors we are seemingly in a never ending cycle of markets beginning to price in a slowdown and then pricing in stimulus and policy response and so after successful may for the fun we have to down months now what is shaping up to be a successful august when there is no stimulus thats the the great realization that kaiser report has been reporting on now for many years that the money printing and the negative rate of the 0 percent rates cause deflation they dont fight deflation so there is no coming back theres theres a corpse called the Global Economy and they inject it with formaldehyde every few months and so the curse is through the veins and the cause is like our rats through a snake you see these bubbles and theyre like oh the corpse is coming back to life of course thats not going to happen the corpse is deader than Jeffrey Epstein and theres nothing bringing it back and these people who think that the stimulus is somehow going to bring back the economy are trapped and the side adventure you have to also remember that this guy is talking about the stock and bond markets and a lot of people look at those as if theyre still real and still have meaning and still represent Something Real and tangible like it used to at one point before all of the fake accounting before all the fake before all the fake and production numbers before all the fakery before the Algorithmic Trading and before all of that stuff so that this guy is this old school hes like hes still brainwashed to think that that means something that represents anything. About the Global Economy the markets will never ever fall if they dont want it to because its just fake the fed can buy up as much as they want and keep that little number keeping certain people happy i dont know who theyre trying to keep happy because you know who owns any shares anyway but anyway the fact is its all fake is that basically the 1920 s. And you know there were no laws really on wall street and the abuses were huge and the market went up quiet and people began to look at the stock market as the proxy for the economy people are getting wealthy because their stocks are going up and they did they quit their jobs to just become speculators and so this is what happened now people are saying look the economy is the real economy is terrible and we have no jobs theyve been shipped overseas and i have nothing left a day trading and the market goes up therefore im being productive but its a piece of until such time as like in the twentys you have this mega crash which is coming and then theres a reversion back to maybe we should have put some rules in place maybe there should be the like to bring back the top pick rule for short selling going back you cant companies cant buy their own stock get rid of the digital millennium the commodities futures modernization act futures modernization act that legalized gambling on wall street you know maybe wish but clinton brought out bring back a glass steagall right let me everything that was brought in after the twentys they got rid of it now theyve got to bring it back in again from that point in 2000 at the last few days of what bill clinton did in his administration and pave the way for the next 20 years of ever declining Living Standards for most people while the top one percent ran off with everything. Is not as they should ending of glass steagall all those other things is represented in this tweet from the wall street journal the bottom half of all u. S. Households have 32 percent less wealth than they had and 2003 the top one percent meanwhile have more than twice as much as they did than that little. Datapoint explains only with every single thing and why kaiser report can continue to have content week after week day after day because this drives almost everything this this economic injustice and this wealth and income gap think of it plus an ecosystem you know theyre supposed to be clouds above and the crops below and occasionally the clouds rain down to the crops and then the crops grow and they create food in the people have nourishment so in this economy this financial engineered economy since deregulation of the 0. 19 or the neo liberalism the reagan factor here or the reply of glass steagall the commodity futures modernization act whats been happening is the ecosystem has been radically alter so that the clouds only rain money down on the People Living on park avenue wall street greenwich connecticut and the people down here who are tending the crops are. Becoming dehydrated theyre theyre dying but they keep seeding the clouds with free money from the fed so you dont need the people growing the crops anymore just like in saudi arabia they dont need workers because the 5000 princes just pump oil anytime they want to raise in america you dont need workers you dont even need tax revenue because if you have access to the money printers you just print more money for yourself thats the big joke in america they dont need the workers they dont even need the taxes how much of the collecting taxes last year 3 and a half chilean thats like 5 days of money printing in the global central banking land thats nothing and so its become a cracker stock or see its become a corrupt ocracy its become a a its become a just become a nightmare are you know one of the things that economists especially during you know preone 1071. Concern oh was that workers would their pay would increase too much and that was something they were terrified of the inflation of workers earning too much so what they. Seem to have done is you know there was fear when this the Global Financial crisis really happened is that they printed all this money and everybody like peter schiff lots of people were saying there was going to be hyperinflation but they didnt give it to everybody they just gave it a 1000 guys who hoard it or buy more you know luxury homes but it doesnt trickle down to the people and thats important for the system to sustain itself but people are figuring it out and thats why you see the likes of m. M. T. The modern monetary theory where basically theyre saying hey we have a new theory how about the fed print a whole bunch of money just like theyre doing for banks and give it to the people so thats whats happening there thats whats happening here with theyre noticing the economic injustice and thats causing that Effect People say this and that native Interest Rates are radical Central Bank Policies are been tried before but going back to when all the money printing came after the 2008 crisis and it didnt circulate into the economy it didnt cause inflation because the banks hoarded the money yet and that was actually unprecedented and the banks were actually able to put that money on deposit with the central bank and earn interest on them yes instead of lending it into the economy and increase the money which is what it cost inflation which would have cost tax revenues which would have given wages higher boost in potential and would have cost an economic boom none of that happened it was hoarded by the banks who were allowed to get even more free money by putting it on a possible to fit so the ecosystem became between the fed wall street and the dad most people to ok thats thats the ecosystem and they create this dynamism based on we want to with the fake message we want to create inflation to boost wages which is false they want to print money to increase the acid dyes of their homes in our work but the Mainstream Media buys it because they are also owned by the same folks so there is no diversity we come in weve been saying now for 10 years thats all false this is the real economy and weve gone from financial repression to financial mandell is im. Now bloomberg calls it to financial terrorism which will be the next up the next step here is money for nothing and growth for free dutch considering 50000000000. 00 euro growth fund financed with negative rate debt this is kind of in a way this m. M. T. Is here theyre saying theyre being presented with investors willing to pay them to borrow defying all laws of our known economic history perhaps before the bronze age we did stuff like this and thats why we dont hear of what we did back then because the history has been wiped clean this is what they tried on easter island. With people with disappeared suddenly news leaked last week that the Dutch Coalition government is considering setting up a fund for investing in Economic Growth details are scarce of course but media reports suggest a fund of up to 50000000000 euros that would most likely be announced along the rest of the dutch budget in mid september it would be financed by borrowing from the market and spent on growth friendly initiatives in areas such as infrastructure innovation and education policy makers appear keen to capitalize on negative race along the entire dutch state yield curve i might add that usually all of this stuff because we have such a corrupt Financial System all the mckinsey sort of people will step then all of the like consultants they are friends of the revolving door and government will say you need to hire the consultants to tell you how to spend this 50000000000 just give us 3000000000 euros and well tell you how to do it and then they give it to the same construction conglomerates who then say well well give us 20000000000 euros of that 50000000000 and then well take our 10000000000 and then give 10000000000 to some some subcontractors from china right i n g is the bank and how long in the netherlands is insolvent but they need the fees to pay the salaries so how do they create fees from an insolvent institution like i n g they say were going to put 50000000000 dollars into these Growth Companies that is funded from negative Interest Rates steady. And from savers. With a quid pro quo that that money is dumped mostly back into the bank to create a cycle of fraud and we got to go away much more coming away by. One what i think the most Sustainable Growth is just above the sustainable they were the pundits not only. Grows the number of. The sustainability itself in the world war which is among tame bonuses between the romans and between culture and. Conservation again both nature and motivation of. This is a war although this is who supports them for so to manage them so to see. To become eternal you have to become kharkiv robots leave you tense you know we have to become creatures like. Iran or north of superhero movies. Then i dont see how and i dont want to be a good reason. Welcome back to the kaiser report im max keiser time now to retire to our conversation with. Gold money dot com and minae dot com full disclosure we are investors and both of these Fine Companies welcome back thanks for having me max always a pleasure to be here to get your thoughts on these 100 year bonds that governments are issuing argentinas came out its down already i think 70 percent you know 100 year bond and collapsing whats this all about yes so were obviously seeing this phenomena of negative Interest Rates its praed its now become common wisdom and i think even sort of a mainstream idea so yes the mill analysis is more negative Interest Rates means Everything Else becomes a form of money which includes your argument for silver and why would you want to own any central banking currency. However the ideas that i tend to think about and come up with always lead me to go against the herd when it becomes mainstream im not sure if youre aware of knox but a lot of the ideas that we have been proposing and you have been proposing us since youre 90 years old and been doing this for 5060 years are now becoming mainstream so when i look at the negative Interest Rate phenomena and whatever it is 20 or 30 trillion dollars in bonds now. I try to think about it and say well what is the invisible hand argument what is the actual thing thats taking place the dynamic thats leading to this being a plausible policy for an academic or an economist and what ive started to consider is whether the negative Interest Rates are telling us that were just going to see a rapid decline in the worlds population and if you follow my thought on this for a moment think about it like. The worlds money is something that has a value per capita so the stock of money if the value of the money is self the leading at a rate of 4 percent a year but the rate of population is decelerating at a larger rate than the amount of money per capita can still grow or even remain the same so really its almost like the invisible hands so lucian to the problem of wealth inequality because the people cooperating every day waking up and trying to toil for you know meritocratic purposes will be rewarded a larger share of that negative yielding money. While the people that are just sitting on their money are going to lose their share so i think that may be an interesting way of thinking about it a more pessimistic way would be that perhaps the negative Interest Rates are predicting a minimum major decline in population due to war or perhaps some kind of a geo political war but ive started to come around to this view more because im not really seen how they can reverse these Interest Rates without causing massive nominal deflation which is what they are trying to avoid at all costs because of the credit cycle and credit debt outstanding and all that said the old axiom price proceed and this sad these prices and they dont conform to any kind of wont. Policy or academic model in real time and current but they discounting something is the invisible hand moving in a way that well find out at some point in the future what this is all about this often happens in markets and price machines and if it is an old you know wall street axiom so youre suggesting that the news coming down the pike air could be some kind of rapid population decline the facts yeah so ready so you know if its a game where theres a bunch of people in a circle and the way you joe. And the game is if youre bored and the way you leave the game is if you die and you start off with a certain number and then everyone passes around an apple you know thats money and everyone gets one bite at a time and so if the amount of people joining the game being born is less than the people leaving the game even though this apple is shrinking with which with each move everyone still getting the same bite so perhaps thats whats what were about to go through and you know i dont believe the un figures on population i was doing some work on this and i found that the fertility rate in the philippines declined from 3. 00 to 2. 00 so 3 kids per family to 2 in just 15 years the last 15 years whereas in the United States that took 200 years to happen so we are seeing a decline in population i dont think you can trust the un figures which are really just meant to juice all of their projects and their goals and i think that if you look at the voting numbers if you look at the fact that no ones really having babies Younger Generation people forming households whos to say that the worlds population cant be 20 percent less than it is today or 30 percent less in 100 years i think its totally plausible so perhaps thats how the keynesians are going to keep control of the fia money system we certainly have looking at these events that are sweeping the globe whether its ecological all events whether its this kind of these violence picking up around the world we have a you know could be outbreak of ebola or Something Like that contagions dead there are other seems ripe for something to happen that would possibly threaten the population numbers but they the the price of days of these bonds trading at 300 you know were trying to guess from liechtenstein racially at 300 year high basically yeah its just a bond bubble set some point and. Pops and then it causes a mass die off because of the poverty in other words it has a chicken and egg situation is it telegraphing something or is it a bubble that when it pops it will create a scenario as youre describing it you know theres a lot of in markets as a Feedback Mechanism hard to determine where you are on the on the continuum is is a reaction cause a reaction or which way time is flowing i dont want to get too esoteric air but could it just be this massive bubble it is a bubble but i just dont see how we ever see a 2008 style credit crisis that systemic given all the control and manipulation thats going on and i think that if we see a breakdown of the power structures that are now fully in control and fully in the minute manipulative function for attention for what we know for privacy i think the last thing were going to care about is what the Interest Rate is going to be on the bonds because its all going to manifest through deflation and so if we have massive deflation then the system will work itself out i actually think that. You know i dont know why but at this point i still cant see that materialize i i think that what they did in 2008 was change the rules of the game and theyve cemented their dominance over that you know method of play and thats why there always are these puts in the market so ready perhaps theyre just killing are killing our population i mean right by puts about the greenspan play at another large the those at the frankly the yellen put you know the chinese put the druggy put the risk is different for the average person whos actually i just think maybe the story will be written such that the academics proselytizing. Money will have literally killed off our population enough to the point where we no longer exist its not Climate Change its not a bull its basically bad money they introduced a system of bad money which allowed them to get away with murder which allowed them to run deficits with which to pursue nonsensical policies for so long and 1st the social fabric of the nation has been destroyed and then they try to export that doctrine globally but the result is that theyre going to destroy the park with a sudden interest just talk about this put think put the cost of the put for a 2nd so what i try to tell people is that its an asymmetric warfare if blackstone buys a 1000 apartments their head and if they their most are at risk of 2 or 3 percent if the individual goes out there and buys an apartment theyre not hedged and they may get caught up in a down cycle and lose 5060. 00 or a percent or their whole house thats true what you have a certain amount of capital it becomes easier to crew capital with less risk so its asymmetric in an American Economy i think people have the perception that everyone is taking an equal all risk at entrepreneurial as im an at the economy but thats false sense of completely financial ised and those with the means can make hedge their rest to the point where theyre making risk less rate of return a risk less rate of return and meanwhile of paper other people are being charged negative Interest Rates or being charged 16 percent on a credit card and friends of Goldman Sachs and get paid to borrow money and they laugh about it they call it the opium of o. P. M. Other peoples money or heads i win tails you lose and that has all the grades of social unrest yeah and the revolving door is a critical part of it because you could spend 5 years put putting forward policy that supports the financial industry or Silicon Valley and then just like burning he did go and work for citadel afterwards and get 5000000. 00 a year and your position. This as a as an existential crisis it is ok so the average person they know now is headed to gold for a 2nd yet so the average person with the real money that theyre accumulating gold they have individual sovereignty thats the key so theres 2 ways to do this gold money we know weve been talking about it for years youre buying gold bullion you can look it up on the line you stored in around the world but with men they fascinating because 1st of all it is hard money but its positioned as 24. 00 karat gold that is priced based on the spot price of gold so i bought some trinkets on gold money and they may you know but i mean you know cufflinks and jewelry and its give me a real time quote and its not like pretty substantially since i bought the stuff and i can go to my mini account but roy i got to ask you because you know when i 1st met you i didnt know you there are this startup guy hiding in there i mean minae is gone from 0 to tens of thousands of customers millions of dollars of sales and like 24 months on something that nobody would have thought of would be asked success as a startup 24. 00 karat gold jewelry 1st of all is tiffanys now completely going to be disrupted by this and what whats the Growth Prospects for this thing because it looks like its you know on fire tiffanys is in trouble i can look at the camera and say that. Is really doing extremely well its growing entirely via word of mouth its been less than 2 years and we are approaching almost 20000000. 00 in jewelry sold with one physical store as you correctly pointed out every Single Person and every single currency that is purchased or 24. 00 karat gold jewelry is up in many cases theyre already up more than the premium that we charge them so theyve made money on their jewelry well theyve got other forms of enjoyment from it and yeah to the moon the skys the limit and just if you know if they can actually send it back to you guys they can so in arctic. My authorized the fake cetera and so but this is individual sovereignty this is a 400. 00 i got at a time one coughing all the time is that why peter 7. 00 like rabbits cufflinks this one couple got a time its going to change everything yeah and just back to the final point you are 100 percent correct we can sit here and talk about all these macro issues but what ive always said on this show is the personal you know the perp the person watching this show should always measure their earnings in gold and when they have a surplus of savings they should gold and i will be even more aggressive this time i think 50 percent of your net worth should now be in gold in this what will 50 percent until the next election cycle United States because i do think trump is going to lose the election and i think its going to swing the pendulum back towards a lot of the policies that are going to destroy capital and increase inflation in taxes and the jurys all designed by Diana PicassoDiana Picasso thats correct the granddaughter of Public Policy granddaughter apollo because we had a very met last met last night whos now agreed to come on the guys report and talk to us about all the stuff diana. And i were about because im sure. Im in a blue period. Come on over all right i think about time well royo great having you back and glad to see you think well yeah were investors in the company so were doubly pleased things are looking up thanks for coming on the show its a pleasure thank you well thats going to do it for the subsonic guys are part of the max keiser and stacy ever life there are gas prices buying gold money dot com in a dot com you can catch us on twitter kaiser report a crash report dot com. Today there are good and bad at it its the bad news in the end then the United States deems to be the good. Word in syria the cia and the u. S. Military were engaged in covert actions really throughout the world. Where they were assassinating populist leaders they were backing up right Wing Military funding an army was theres no. Because theres always a small. Really could. Clone welcome to a Party Trouble has long fascinated human imagination but until recently its been the privilege of a selected few. The growth of the global middle class has turned into risen into a Major Economic currently responsible for roughly 10 percent of both global g. D. P. On total employment but with over a 1000000000 people already term versus in the world each search of sandbags and fridge magnets is such growth Sustainable Well to discuss that im now joined by posing the question secretarygeneral of the World Tourism Organization secretary general its good to talk to you thank you very much for your time thank you for your interest in the. First the 4 would be important even for all of us so the pressure of its General Assembly but expecting more than 100 different. Presented their ministers was ministers from 157 countries and this is one of the most important events for all of us and we see or we have it in russia you are a relatively new to this job i mean about a year and a half as far as i know and you came to the litter ship of this organization at a very interesting time on the one hand the Global Tourism industry is growing faster than ever before