Cool stacey yes because as we have said over and over and over here on kaiser reports bad news is the best news of all of course you would think that a pandemic would hit stock markets and of course there was that those a few headlines saying oh coronavirus are coded 19 this is called technically or medically you know they said well this ought to hit stock markets because its going to hit globalization is going to hit commerce its going to hit trade so every time somebody says this could be bad or do they say oh of course jay pal at the u. S. Federal reserve hes going to cut Interest Rates hes going to flood the market with money kind of problems that this week but here is the headline coronavirus rally continues s. And p. 500 index at yet another all time high there used to be something called a Business Cycle where you know the labor for example if their cost would get too high then the central bank would step in and they would take an action to cool things down except her but this environment is a one trick pony no matter what the news is good news bad news i mean it doesnt make any difference the question was was the coronavirus going to be bigger than the ability for Central Banks to print in excess of what the estimated cost was that was almost the equation from day one so the fact that its a pandemic youve got all this infection youve got for. 3 shut down it does hasnt shut down the Central Banks of one of the subtle bankers like jay powell came down coronavirus that would be different but he is insulated so therefore there will be no end to this rally i might add by the way we are in mexico city so welcome to mexico city this is where we are we were in cannes kuhn just the last episode were now in mexico city by the way max also performed last night at the big queen embassy here in mexico city you can go to their Facebook Page you can go to twitter look them up big queen embassy in mexico city and youll find his stand up rates there it was amazing they also gave me this big coin necklace made of real mexican silver so you know speaking about this bed and the fed printing money so were here having another pandemic around the world and the top 0 point one percent who own most of the shares theyre rallying theyre happy theyre excited because and a bad news for the people is good news for them and in fact jay powell says it has been a particularly good time to be at the top of the income spectrum of course he would know well its a tax you know printing money is a tax and if you make the analogy to the middle ages and futile lord stay would tax people and till they are you know living in a service and here you have a minimum consumption requirement as long as youre spending 5 or 10. 00 a day on plastic or plastic food or junk or what have you you can you can maintain your status as 6 an indentured servant of the jay powell in the central bankers and they they will just continue to disrupt your existence by printing ever more money it will be interesting however as if there is ever any knock on effects because one thing weve seen is that weve just seen money printing and money printing and financialization so the likes of boeing dont actually have to make planes that fly anymore they used to be. Their specialty now its no longer their specialty same with General Electric used to make turbines and all sorts of well airplane jets you know the engines so they used to make things like that and then General Electric became a financial ice company in collapse but well see if we actually need any of the shipping containers coming from china with goods and services right like to my point there that once boeing they used to have unions at these companies to protect workers wages but they got rid of all they dont need workers to keep printing money and say ok well east of the products without boeing is saying we dont make products either we will make bad products in the fall out of the sky and kill people but we still get the bailout money every single day we just dont buy the dividend to our corrupt crony capitalist shareholders of course we go well actually the plane crashes those were huge tragedies for the family involved but it does extend this financial lies to Service Economy because theres a lot of work there for lawyers for insurance executives so that also adds to g. D. P. In that sort of way now at the bottom outside of jay powell you know jay powell by the way i think is hes the wealthiest ever central banker in the modern era he was worth 100000000. 00 when he stepped into the job im sure his share portfolio has maybe doubled their chip will that just like weve seen with mayor bloomberg but u. S. Household debt exceeds 14 trillion for the 1st time and why is that well thats because of all the inflation of jay Powell Printing money but giving it only to a very select few those the top of the income spectrum that he gives the money to theyre doing well their portfolios are doing well their housing portfolio is doing well all that stuff is doing well for them and thus raising the cost for everybody else who goes deeper into debt you know how many have been saying oh my favorite songs from years gone. Jump pick a band job pick a bit do your own money bridging plantation you live in america serve yeah. So share price you know so debt levels go higher and higher and it goes exactly you could probably put a correlated chart between that and the money printing from the fed you could relate that to the inequality happening because theres an absence of jobs because apparently this is what will economy all these cars are driving around behind us here in mexico city this is the angel of independence i dont know how theyre either being built or fueled but one day its all just going to stop another thing about south the bottom you know 99 percent of the population lives is here in interesting story that relates to mexico and the United States utah sends employees to mexico for lower prescription prices utah is paying Public Employees to travel to mexico to fill their Prescription Medications and a program aimed at reducing the high costs of prescription drugs so why is utah going through this elaborate so that neo liberal ok neo liberalism what it does is it takes away with it used to be provided with one simple utility like function from the government and add all sorts of contracts and and sub contractors and all sorts of paperwork and coffee paperwork and administrators and things like that so here is that or just having the government negotiate prices they send these people onto a flight thus risking catching the coronavirus by the way send them to mexico to get drugs why because in most other Countries National Health Programs negotiate lower drug prices at large scale and sometimes refuse to cover the most expensive ones meanwhile patents generally run much longer in the us than other countries allowing for monopolies drugmakers also often point to the high cost of creating a drug to bring to market so the Mexican Government negotiates these prices on these drugs for their. Citizens the u. S. Wont do that because thats communism in their mind but theyll send their own patients all the way to mexico to get the same price is right and you know you have a politician there mitt romney and hes a private equity guy from bain capital and so he is over there and hes ok with his citizens having to travel to mexico to get cheap drug prices why because hes part of the capitalist class in the private equity class does profiting from the misery of people who are in utah hes a guy who profits from the abject misery and hes now the darling of the left because he made a grand standing speech against trump recently so right now these are hollywood you know social justice warriors theyre out there at the awards ceremony pumping their causes they they love rick mitt romney well indeed in a nearby state nevada you have the unions there fighting with hard very hard with vicious ads against and campaigning against Bernie Sanders because theyre saying they dont want medicare for all because they the union have amazing that health care this is a union utah state workers half of the Union Workers in america are actually state workers rights they employees so here you have you new workers having to fly all the way to mexico to get their drugs otherwise like they highlight a case of a woman whos a teacher who otherwise she wouldnt be able to treat her arthritis she flies here to get the medicine and then flies back to the United States so this is what is considered cadillac amazing plan in america right this cadillac plan is just a normal plan for most g. 20 nations most industrialized nations on a plan that america because theres to be a cadillac plan so i think this could be the basis for a new civil war except instead of north versus south its going to be the Teamsters Union versus the Teachers Union teamsters versus teachers and americas civil war to no taxation without. I get my flu jab well but what im saying is its not even normal and the rest of the world in the rest of the developed world a cadillac plan is what everybody has and it means that you get to go right to your neighborhood like within walking distance theres a local doctor and a pharmacy where you could get a normal priced pharmaceutical product in america theyre cadillac plans the ones they fight tooth and nail and to the death for this is what theyre fighting for its like i love this plan i have to fly to mexico to get my medicine and what if planes are grounded that month what if theres a coronavirus what if i cant go get it what happens for that and what if she cant what if quarantine it would have mexico and she cant go there what happens then like this is a this is the sort of precarious situation youre put in through this neoliberal crazy Structure Health care is a machine right or not its in america do we allow health care become an instrument of a program against the poor is that a good idea mitt romney genocidal maniac. Well so they cover this woman and level and she had never owned a passport until last year and now 62. 00 she is a frequent flyer traveling every few months to tijuana mexico to buy medication for Rheumatoid Arthritis with tickets paid for by the state of utah as public insured so again this is kind of a Works Program for boeing all the boeing jets and need to fly people to you know mexico again like. Over and over the president every single senator every single congressperson theyre running for office theyre championing why theyre bombing people around the world to bring capitalism and democracy free this is not capitalism capitalism should be more efficient it should deliver efficiency it is totally inefficient to fly somebody for 44 hours from utah to to walk she has to cross the border she lands in san diego drives across the border in a special bus. Designed for people who are americans fleeing to get some help you know some pharmaceuticals so this is not kowtow to the ism they say its capitalism but this is totally inefficient like all think of all those middlemen in this situation of her just having to get some medicines for her Rheumatoid Arthritis no capitalism and competition so in the case of the airlines they would have to provide a service that wasnt government funded and theyd have an incentive to provide a service instead of getting free government contracts and free government money right well this is more like soviet times but the soviets learned their lesson when will america ever learn all right were going to take a break and when we come back much more coming your way. Is your media a reflection of reality. In a world transformed. What will make you feel safe. Tyson nation will community. Are you going the right way or are you being led. By. What is true what is faith. In the world corrupted you need to descend. To join us in the depths. Or a maybe the shallowness. One else seemed wrong. Why dont we just dont call. Me. Yet to see palin these days to come out to. And in gains from it equals betrayal. When so many find themselves worlds apart. Choose to look for common ground. Welcome back to the kaiser report im max highs are time now to turn to jose arad reagan as long. Time friend of the kaiser report but on many times one of our most valued guest was a welcome back thank you very much once again smack now in mexico city i was talking about mexican wrestling matches i have a smack down now he would be. Going to get a smack down could hardly wait well talk about that a moment but 1st lets talk about the fact that you are the director of block chain land at the bag a talent land event coming up in april in guadalajara theres going to be tens of thousands of people attending will tell us about this oh say yes this year im the director of books in lent which is one of the stages lets say lands in town and thats whats that and then its the biggest intrapreneur should business and tech event in latin america last year we had 62000. 00 that then these are in the 5 base and we have over 5300 people working hack a thons and also challenges from Front Companies and we broke a world record of the biggest. So 4 class in the world with i. B. M. And we also had an attempt to the biggest math class we didnt achieve that but we did achieve the biggest one and were going to announce soon our new Guinness Record attempt wow so this is all about jack all about entrepreneurial ism yeah and so this seems like its how does a plan to the mexican economy as a whole it seems like this is the key to get to choose reinvigorating the whole economy yes yes this is the 1st contact for many people in Technology Business and we have like blocks in line we have 10 stages one of the mains stages we have for example is business land where you can find Different Companies banks financial institutions. And Business Development companies and we also have for example other interesting for a lot of people like gamer land to which we have almost all the brands and old games coming over with us and we also have developer land and we have tenants for old type of content so we have those who are creative when that you have your you tube or or you are doing something creative or your of the site or so we have 10 different events and less year during the event over 1800 hours of content were created through all the stages so we have the vents running for 5 days 24 hours with thousands of people getting to know different communities different people from Different Countries companies what theyre doing working hackathon challenges and also some of them having their 1st contact in their life to Different Companies to different technologies and we also try to bring many nobodyd of new technologies and new companies and to show people what things are happening in the world i mean the size is an enormous right 5060000 people as comparable in size i guess to burning man festival in the United States thats well down and a lot of people migrate there every year and its quite a phenomenon but it doesnt have the really focus on tac that this is really tech specific can only travel all over latin america we were in argentina brazil uruguay mexico this new generation is dow embracing technology and bit going as a way to develop some sovereignty juror after the many decades of lets call a financial occupation for what it is you know the u. S. Dollar and america has been financially occupying latin america for decades does that message resonate with this new generation is that whats part of this yeah definitely i mean people are using different systems that you speak. And then so then you speak about the next generations about how theyre not using banks for example how theyre using different technologies and how theyre using technologies that normally other generations arent used to so we have content for all ages and we even have content for kids that are in Elementary School for example we have a good island which is the length for people that are in Elementary Secondary School that. Want to have this 1st contact or interested for example in robotics or interested in programming or in video games or hopefully block change so we try to bring content from the simplest type of content to the most innovative to the most complex for everyone to have something to get out to get out of the event one thing to change probably life for their career what they want to do and maybe start being an entrepreneur or starting a new project and also getting to know i mean you have so much interaction with all those people from all different contacts and all different disciplines that you can even start a team there and start a company oh right they sell thats tennis player rob just within the mix of all this talent in talent land yeah you know companies can can can come up and. Stacey will be there yes and i think ill be speaking there and there should be a pretty big crowd and i have to talk like a couple of 1000 people yes we have a main stage which we have 2000 people seated plus we have. Around and the event to stream them recorded life thats year over 4000000 people full the event during the week and yes were going to have max and stacy in our in our main stage and also in blocks inland so our other guests like tom bass that was with us also last year and main stage and also in blood and then different people and companies that are well known here and latin america in the world like for example we have beats so were going to have. The cred were going to have going to have the french for our escape were going to have some new mexican exchanges to for example doubtless were going to have the become n. B. C. Bar which is where we did our recent great to meet right i recently made up a bit clean embassy bar this is a fantastic really location in mexico city and the vibe was incredible i mean this people in mexico city now are so pumped up about they call it its amazing this is just really getting so much excitement and traction and you know thanks for that organizing that and so youre our kind of thoughts about how this goes forward as talent land go forward like whats the one of the whats the plan going over the next few years with this yeah so once we have created this event and we have been doing it for for now 3 years one of the plans so we want this to expand to other countries and have more people have this interaction and have this type of events for everyone to get to know what is going on the world with business with technology with developers and all this different metrics for people to get involved so we are planning to going to let in america and europe in the in the next month some will we there will be an announcement about the countries that were going and also bringing like that when we did the media independent events of chain and so also creating events. With the land and with all the content and with all the people there are coming and theyre being allies and all the communities its also the biggest reunion of community some. Hundreds of communities over there so we try to bring everything together and once we have that we also want to do a specific events for example for books in lent for more people to get involved with this technology some to see that because it was just the beginning the transfer of value but now its a whole new world. Old an industry that its being developed something that we have talked and missions in the last years that is now being created and constructed. Some photos of the event right so theres actually a look at the main areas there there are tents set up this just thousands of town yeah there are 8000. 00 people that stayed sleep over the tent right 8000 people and so its like woodstock meets burning meets some intergalactic mido technologically savvy. I mean. Well lets lets kind of change scares for a 2nd so says we last spoke you now have a new president and mexico house whats going on there who is this guy whats happening so well the president now has been for over a year his name is. Sort of or he is seen. From the left this party here. Here started making some changes some of them having some well see you know others have been some well seen up till now despite old economical and politico this issue in mexico has had some Financial Stability which is good. We still need to see what they are going to be the impact of all this social programs that he is proposing because well money has to go out from somewhere it doesnt magically appear so jamie diamond says it can print all the money you need to bail out any bank you want doesnt dissolve false they can do it but we know the consequences of doing that so. There must be a balance and if you just turn on the printer we know what happens and you know weve no other country surprised that you have 2 forms of socialism we have banking socialism where they just print money and give it to the bankers then theres a political populist ill still doesnt worry you print money and give it to people in a cursory review a look at the. Yes you would say well the people are the ones that are the economy and theyre the ones that buy stuff every single day like gas and cars and holes and they have to buy furniture that seems like the real economy if you just give the socialism version like Lloyd Blankfein loves this idea banks just giving him billions of dollars for sitting on as and doing nothing all day he would tend to buy ski chalet or apartment buildings that society basically dead money just silos of paper that go nowhere and weve had this kind of socialism for the rich now for a decade in a huge way and we can see that in the money velocity number which is sitting all time lows the money just doesnt go anywhere so if you had to pick between giving money to deadbeats like Lloyd Blankfein who dont spend it they just hoard it in a Paper Warehouse and do nothing with it and he talks all day and says stupid things or you give it to people who buy stuff like houses and furniture and cars and gasoline and which one would be better oh theres been at least a way to put a better is put it into more hands the problem is the way that you do this and them so. That go for transparency corruption and also taking those funds for other means is one of the constant problems when you have this so show programs going on so there is still a lot to do and also bends i mean the intentions are good the execution for me is not the best one there are there could be other ways to do this they have done various programs with the aim of accelerating the rick to beat in the economy it hasnt worked out and it doesnt work out in the next months and next years we probably going to have a problem but if this actually starts putting a sparkle on people to start working to start saving to start being in trooper nourse we could have the beginning of open new growth but up till now this hasnt been seen but but but. If i understand correctly the some of these programs extend this to wider portions of the population not just lets say monetary systems for the elderly but it expands to other sectors of the economy at a rate thats higher than the minimum wage so what would that distance that divides people to actually do the kind of work you need to get the economy growing to generate the tax revenue to pay down the debt thats also 1. 00 of the perverse incentives that you give out when you give out other peoples money you know people are happy because they have money so theyre going to vote with you but on the other side you create this perverse incentive so if i have a kid and im going to get a higher income thats working 8 to 10 hours a day well i am going to have 12345 kids and the government will pay me anyways and that could be my income so that also creates this perverse incentive and were going to pick it up on part 2 thats ok ok i know youre busy man running salamander right now thats going to do it for this edition of 4 with me max kaiser see several other things our guest as a writer i guess if you got to catch us on twitter as kaiser report that i stand by you off. You know beneath. It kind of good intentions were going to take. A christening maybe even this one he has a goal of simply evaporated. Pleasurable a lot of. This in a pretty you know the moon but it is certainly one of. The much for the good little girl with her marriage to the north of there. Lighting good part of the new year in the new series but never. Seems to treat. Cities. That. It. Will. Have in. The. Headlines an r. T. More than 100. 00 doctors around the world sign a letter condemning the British Government for its handling of the during the sonship case and claim hes been subjected to psychological toll in prison its revealed a young sex Trafficking Victim in the u. K. Didnt receive any support from the authorities until the case ended up in the high court we hear from her lawyer its completely unacceptable that someone so vulnerable and someone is so at risk of trafficking was not provided proof to support the accommodation that this is desperately needed and kind of the Prime Minister Justin Trudeau calls an emergency meeting after activists bring pot. Screeching to a halt in protest i broadcast
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