Military doesnt get its main war zones in afghanistan pakistan iraq and syria as named operations the longest war so far in afghanistan and pakistan has had 2 names Operation Enduring freedom designated the 1st phase of war in afghanistan from october 2001 it was designated operation freedoms sentinel on the 1st of january 2015 the war in iraq was designated Operation Iraqi freedom from march 2003 to 31st of august 2010 when it became operation new dawn when the u. S. Began to fight in syria and iraq the war was designated Operation Inherent resolve for ease of understanding the costs are not labeled here by the designation but by major wars and so they keep on changing the name of the war right well we know from sociologists and consumer scientists and marketeer that the most psychoactive word in the human some conscious and conscious mind to get them interested in buying something is new. New and improved right those 2 words trigger a response like oh i might buy something thats new so the marketers and the profiteers who run americas defense policy. Embrace this idea and so like instead of saying new coke is Something Different and better than coke right theyre saying operation Desert Freedom scam turning desert to glass its program you know thats new and improved its then it was the remember Stormin Norman you know all the branding so its a branding exercise and 70 percent of the American Economy is consumer so we live by branding exercises and we live by branding so this is the Defense Department in the pentagon and bracing to sell the multitrillion dollar death wave death machine that they love to push into really reprinted its a branding exercise well why did they do that branding exercise max because they need the people on their side to think that were in a constant change of life were always progress ing right the vietnam war why we had an Antiwar Movement it was because they went on and on and on and people are dying and dying and dying at the from the same exact word vietnam here its like it was shocking our memory invaded iraq with shock and awe then enduring freedom the same thing is like if you keep on telling them were still in iraq were still afghanistan still fighting were still dying people are still dying soldiers are still dying innocent civilians are still dying people might rise up and stop it the same with the fight against the black hole of debt consumer economies you know what they keep on doing is changing the name as quantitative easing its operation twist its served its nerve its now we have not q. E. Q e not q e with this repo market intervention im sure im missing a dozen words and then dozen names that theyve called it over the past 10 years but they keep on changing the name of it this is what i was alluding to in my introductory statement is that discounts are the same that the names change and its a branding exercise so theres only one thing the sun. Banks can do and this is the only policy response safe since paul volcker left and that is to print more and to take Interest Rates down to 0 and then without batting an eyelash banks in europe decided their Central Banks in europe decided that 0 wasnt even a boundary we can go into the bank if Interest Rates but theyre really trying to rebranding the exact same policy is to encourage the transference of wealth to the ever fewer top plutocrats and to disenfranchise billions of people around the world and to then claim that the uprisings the global insurrection against banker occupation that we see in hong kong that we see all over a lot america Central America America Europe france the indignados as you lay joe sobran vet as being something other than just a response to a plutocratic grab of the globes resources with free money well max used to pull to. The un square that sounds bad if we use the full tricks magic tricks right and i think its a prefer you know to get away with tricks you dont want to inform the population right you dont want an informed group of people in front of you performing that trick in times square because then theyre going to be like i see how you did that trick thats not fun right you need to distract them divert there is no mr actual mr i use the word common amongst magicians circles ok well that is mr action is the constant renaming so you can never stay ahead of it and people are busy people are working there theyre paying all their taxes theyre paying their obamacare day and they cant they think its a different name in a different war must be a different place but theyre also according to this shifting expenses to exceed the budget so the budget is agreed they say ok well have 50000000000. 00 for this war well what they do is in fiscal year 21000 the trumpet ministration made the practice of shifting emergency appropriations into the base budget over. When it introduced new ways of categorizing the department of defense spending relating to the overseas Contingency Operations this is a socio some of the funding that was previously designated for a specific military operations has now moved into a category called o. C. O. For enduring theater requirements and related missions and another o. C. O. For base requirements so they they shuffle the shells around so you distracted from not only the name but the budget like how much its costing him right so mr action in the age of multitrillion dollar Defense Budgets has a new name its called m s n b c who is the sponsor of m s n b c but the Defense Industry Lockheed Martin boeing have ads on Rachel Maddow show you wonder how do they re brand the same. The same genocide they get Rachel Maddow to yes track to use mr action the distaff see how they get away with it theyve got this talking puppet talking nonsense conspiracy nonsense shes the new alex jones except shes now in the employ of n. B. C. Which by the way is owned by comcast which is involved in some nefarious stuff to distract to the to mr wrecked the audience to get away with rebranding the genocide that america perpetrates shes rebranding the cold war the left used to be against. This sort of hysteria and xenophobia but now therefore its so in a convincing by that that when you have to do by guys like Rachel Maddow does like adam schiff you know well actually i dont as a dog i think glenn beck coopted it on fox and he had a brilliant career and then he moved over to some other network on his own accord because you want to bug you know what you go by guy you can start to go back you can slip down the rabbit hole and go insane Alex Jones Glenn Beck and now Rachel Maddow is rapidly losing all connection to sanity it seems like back from the days of Harry Houdini like it seems like the bug guy thing is like i dont know who gets convinced by that like. See all you see telling that you know the people who works for would be the guy who ran the hell bob comic cult yeah im going to be white as they were in the comet and then they are jim jones from the ghana massacre those types of serial massacre perpetrators out in the jungles around the wilderness or adam schiff got the bug i think right hes trying to have a Democratic Party commit mass suicide right so hes got the bug hes got the bug i think. It seems to be working because the democrats are going down that rabbit all they wont you know when you have a stake stop digging oh my my theory is that if as soon as you see the bug theyre telling you they dont even believe their stuff theyre pushing out there like most likely theyre knowingly put your life and i will go back to that comparison to the financial war because the financial war is an ongoing forever war as well and this is never going to end Interest Rates are always going to keep on going down like Michael Hudson says it could go to negative 25 percent because there is a forever pile of debt the bankers the you know whoever runs the world these top one percent who get to issue all these derivatives thanks to bill clinton introducing the commodity futures modernization act in 2000 they get to print more c im doing the debt the bugeye so you understand that this is jew. So oh im sorry that was another crazy ok or of these oh im reading the headline the fed slaps down negative Interest Rates the minutes for the f o m c meeting on october 29th the 30th shed some light on that laundry list of discussions arising out of the feds current review of Monetary Policy strategy where it figures out how to line up the tools to be used during the next crisis and which tools line up so basically again they use the gobbling of the military Industrial Complex this is the financial the monetary Industrial Complex well basically theyre saying play terms is that the negative rates in europe are crazy and insane and were never going to go that far but they are because theyll have to because were in a forever war. They do say that in the next financial crisis theyll basically go to 0 thats essentially what theyre going to theyre going to do but they wont go negative they say they dont want people to rush out of the dollar too fast right day jay powell finds the idea of a negative race you know apparent yes repugnant but hell do it because hes a general right youve got to follow orders this is a big issue right now in the United States who set who if your Commanding Officer tells you to do something to commit suicide with your Monetary Policy youve got to do it and thats what hes going to do that is one whoever is head of the fed at that point theyre going to do what theyre told to do and their bosses in that case are probably while street banks right its j. P. Morgan its Goldman Sachs its whatever banks still exist 0 hedge says in a bizarre admission e. C. V. Warns its policies threaten Financial Stability and could lead to a crash so while that low Interest Rate environment supports the overall cami we also know an increase in risk taken which could create Financial Stability challenges said e. C. B. Vice president louis to going broke because it came to zombie banks alive ok so we were saying now for at least 6 years and we also have been saying categorically that lowering rates does not fight deflation it causes deflation and now the european Central Banks are finally figuring that out but its too late but this is also theyre admitting that its killing the civilians that theres a lot of Collateral Damage just causing those who arent normally risk takers like the Pension Funds to take on bigger and bigger risk without any sort of reward civilians ive got the solution more formaldehyde all right well were going to take a break and when we come back much more coming your way. Young innocence have come to us. Especially brutal bludging incidents because. Baby elephants often do see their mother as how to be killed but also be unfortunate. I do believe and laugh and smile i see it in these little ones the home run express some changes. In. The. Nato military alliance is a relic from the cold war back then it was relevant and even necessary today it is an alliance in search of a mission that search has almost completely impaled eastern expansion towards russia but a lingering question remains is the average american and western european interested in a war over the solvent the discone of montenegro. This is a story about what happens austria stray bullets kills a young girl in the streets. What happens to her family and daughters in florida you know the mother daughter is buried in a cemetery it is kneeling this is with your head what happens to the community the public was screaming for a scapegoat the Police Needed a scapegoat so why not choose a 19 year old black kid with a criminal record who better to pen this than him and what happens in court. Shocked shocked as far as society we feel. We dont know still just for the. End of this trial unfortunately you 2 will still love no chill just. He always still ties haven t. Lets move. On. To discredit. You. Could want to think about you think about it. Each you want to look at him as all. Of them do eat too much hahaha get to be a good tall and goof on the author to get those people with a phenomenon good children tell him with all this you can tell when its time you dont come. Welcome back to the report im ask eyes are time and return to a cloud of gold money dot com a solace i must inform here that im an investor in the company also welcome back nice to be back max the erratic all money dot com that in a post titled 150 years of bank credit expansion is nearing and. In it you write that iran is slated to be at the business the origin of the boom and bust cycle is found in the bank in bank credit r i lets get into the skin into this house or elaborate at the 1st point i really i think is absolutely it desperately important is to understand that the cycle of business boom and bust is actually not a cycle of business boom and bust it is driven by expansion and then a rocket contraction of bank credit what youre looking at with business is going bust periodic actually its rather like the relationship between. Spots on your face and measles you know the spots of the disease the disease if you like is fog deeper and it really does come back to the expansion and contraction about credit and in that article in the 1st section i go through the cycle of how the cycle develops from a bank from a banking point of view and you know its a mixture of of the initial expansion creates a feeling of well being an economy and bankers see that and they confuse that with things actually improving and so they expand their Balance Sheets even more and they end up as we all know in a sort of at the sort of stage where we got to in 2007 where everybody has. All the banks have expanded their Balance Sheets and that case even expanded. Off. Shes had it with securitizations and all the rest of it and all you need is just something to happen all the slowdown. And then some only the banks get frightened because. Fractional reserve banking gives you wonderful profits when things are going up by goodness they really kill you what theyve done so the 1st thing you do as a banker is just run for cover all the banks do it at the same time and thats why we have a banking and systemic crisis wont separate i dont know anything between 7 and 12 yes and i think would you another one but its not always been the case because you know going back 40 years or so where you had more the economy was Less Consumer driven and more manufacturing driven the boom and bust cycle was driven by inventory and inventory build up say that the factory would get more efficient in producing a certain widget the supply of widgets would go up and the prices would come down and then thered be a slump and that would be the Business Cycle but its during the deregulation period starting in the eightys we left the manufacturing floor and we entered the era financialization so it is a relatively modern phenomenon because it really because its only been recent that the banks the product of the of the western economies is credit thats thats the product theyre selling us our loans we dont buy stuff anymore the stuff is worthless for from a business perspective its only the interest attached to the loans that drives the bankers revenue you know their salaries right so its a relatively from recent phenomenon isnt there its not it actually started in the wake of state bank shot of 844. 00 we brits were responsible for it a few when the bench off. Field was it was an act it britain basically was the most powerful nation in the world and sterling backed by gold. It was the most powerful currency and so what we did in banking was effectively the model for everybody else before that 844 charter back charter act it was generally acknowledged that if you took a depositors deposits you know someones cash and stored it if you like it was a custody or faction function and it was not something for the bank to take and then to play with at its own discretion but it went worse than that because the point about the bank charter act is it is a large banks to create money to loan money into existence and it did that basically by. Giving someone a credit if you like on their account and as they draw down on that account and they pay other people that money suddenly materializes in other peoples deposit accounts and so that way they have literally you know if if i learned a 1000000 pounds i am loaning a 1000000 pounds into existence and that whole thing was legitimized and i think it was 848 when case law found very clearly that back could do what it damn well wanted with your money and has been doing so ever since what youre referring to about manufacturing and all the rest of it i mean obviously over the decades and indeed the one enough centuries the character of borrowing has changed very radically i mean when we would go back to over and go on a which went bust in 866. And drove bank rate up to 10 percent and remember bank rate was was was in gold at that time. You know that basically was a Discount House which started to do what. Investment banks like j. P. Morgan do today they go and invest in other things which they dont necessarily understand. And in that case it was investing in railways you know a bank which is the leading Discount House never buys anything more than 6 months suddenly is investing in Railway Companies come on it doesnt know what its doing and the result was there was that crisis bearings in 8090 same thing what they did was that they got to the point where they were doing so well the domestic economy they thought well you know lets look at broad so they went and invest its not in argentina argentina went wrong and the problem pretty good investor abroad is that you dont necessarily have a legal title you dont have control of collateral and all those sort of very basic things. And at that time brazil was also in a bubble all that collapsed and bearings was just about wiped out in fact they had to be saved by a consortium of london banks and nathan ross child who was of the family at the time said that if that rescued parents the whole london Banking System would have collapsed so theres nothing new in what were seeing in this millennium this is been happening ever since 1844. 00 when this process of loaning money into existence was legitimised under the bank. Ok fair enough i mean thats a great synopsis really have 150 years of banking and to your point your time the boom and bust cycle to to bank credit cycle say and youre suggesting that the banks that they make credit easy at very inappropriate times entered extends bubbles and they pull back at the worst possible time and they make contractions worse right so were relying on bankers too much and we are removing actually the forces of the free market which would be much more efficient in rectifying some of these excesses in the marketplace by giving that. To a few bankers and theyve done a terrible job at it for you know hundreds of years i guess you could go back to 1694 i think is when the bank of england was chartered so you know that probably kicked off the whole nightmare right there well yeah it was it was a bit different in those days ok ok well well get into that next next time but lets move on so you also write about the resolving creeping communism it seems that historically the sort of thinking emerges after extremes of plutocracy ok so in other words we have established that theres nothing not natural about this boom and bust cycle it comes from an artificial credit cycle that is driven by horribly inefficient and to some might argue a criminally minded bankers and but now the reaction from the populace is moving toward communism thats to go to grab im going to were going to come socialist that seems to be what they think always go for. It what is there a direct link and historically is that a repeat is i will we obviously i mean if you have on sound money by that i mean the ability to buy off anyone who says you know i have got a complaint or ive got an interest in it you know i deserve the money i deserve to be paid i deserve this i deserve this out of society. If you have that culture which is essentially a weak money culture then youre going to go in that direction i mean the only way socialism can be. Direct and funded is basically through inflation through monetary inflation because you know the rest of us actually you know who all socialists have to work for a living and we have to look after all our fest we have to make sure that we dont. Live beyond me ok let me just for a 2nd how come its so difficult to communicate to folks. That the problem is with these being and these bankers and what they are doing you know we talk about it on this show for years amirs but we dont we dont make any headway because the response from the from the folks that are being victimized by bankers is to go socialist they dont want to punish the bankers right i mean during the reign of terror in france they got rid of a lot of bankers quickly you know and that seemed to work for a while wakeham theres no muscular response against the plutocracy why is it always well we quit lets become socialist and grow our own vegetables the problem with backus is theyre licensed by the government and not only that but they are integral to the financing of Government Debt so then theyre going to knock over bankers i mean theyre there for a purpose we think that theyre to help us you know produce things in industry no theyre not that is a secondary thing that is the excuse but actually the reason that is to enable governments to borrow money to do the things which they could not afford to do if there was no monetary inflation so theyre not going to stop this cycle this cycle is going to have to stop a bit so and i think that is probably about to happen which is why not also but i reckon that after 150 years of this. Fraud it is really a. Monetary fraud i think the whole cycle is likely to end this time and ok job it is that stroke of money if thats the case and we have about a minute left where you see gold in 2020 well its not a question of gold its what happens to paper money paper money is going down backs and so thats reflected in the high price for gold its the same with that court if you like that would do almost exactly the same thing as far as i can see im not sure how to take that it sounded big us but alan and i dont its not the audience figured that out because i dont know that we have a. Its left what about the settlements layer we talked about this a bit in the last episode does the us china us trade war hasten the arrival of the alternative to the dollar and will this be revealed in 2020 weve got 10 seconds. Thats enough polling mass maxed out its going to get worse i have no faith in either party coming to some sort of agreement to me its quite simply a financial wall generating into something worse well done well rounded time thank you so much Alison Mclean for being on the kaiser report my pleasure already thats going to do it for this episode of the kaiser report with me max kaiser and stacey i would like to thank our guest also michael out of gold money dot com if youd like to get in touch tweet us a kaiser afford to live on bio. The u. S. House of representatives has wrapped up its 1st round of impeachment hearings against president obama but its not done with trying to oust him with new impeachment proceedings ahead these impeachment of viable strategy against the president. Much of a powerful and strong the stone then you have the record and what we have done is to try and identify something coming in the brain where the extension of the ripples to the back of your consciousness. 6 President Trump announces a restart of peace talks with the taliban in afghanistan during his 1st visit to the country. The french president doubles down on his criticism of nato after describing the military alliance and brain dead. And a German Court Rules that the convicted murderer i can have his online details it raised under the right to be forgotten would put the issue up for debate. But the problem is when you start to high. Dimension this person themselves the trying not trying to raise the pasta trying to be given a fair way of thinking you know what clean slate start again that shes
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