Of the 1980 s. Theres going to have to be a global coordinated sit down to rearrange the global 4 x. Market we arrange the global currency grit and the dollar is not the thing were going to have to match it against because that runaway value in the dollar is whats causing this deflation and thats whats causing this global depression part 2 so theyre going to have to rejigger the global currency grid and as all with they always come back to gold theyre going to do a whole recalibration of the global currency markets against the against gold so thats the only way out of this gold has sold off magnificent leads hugely so its bitcoin because down 45 percent by one day last week so there will be turmoil it doesnt move smoothly look at the lady 810000 945. 00 that was a what you could call a very tumultuous period but in terms of the dollar yes it is stronger right now it is going up in many. And sees this is something that weve been tracking for over a decade here and one thing people need to understand is the way one goes bust the one way it goes bankrupt i think is fitting to use the hemingway coat from the sun also rises and that is how did you go bankrupt gradually and then suddenly it always happens like that everything in nature reflects each other how does the pandemic how does the virus get introduced to the society and economy like the United States gradually and then suddenly thats that thats how exponential things work this is the same thing with debt we went we went bust gradually and then suddenly it happens like that so i think were going to see that if got the Central Banks are the main players in the Global Economy thats over the last 2025 years thats been the migration of all activity all Global Economic activity has been migrated to the central bank so lets look at the bank of japan probably the most important of the Central Banks of any of the Central Banks theyve been out the doubling of their purchase of e. T. S. Or stocks so my theory has been for a couple of years now that the whole markets are taken private so if the bank of japan or the Federal Reserve bank and other such of banks are going to print trillions of money what theyre what theyre doing with that money that theyre not giving it away to build shelters for the Homeless People that need it or the people who have just lost their jobs and need relief or hospitals know theyre using it to buy back stocks or using it to take everything private because this fits into neo feudalism this is neo futile ism i would also posit that that could be the gradually and then suddenly paradigm of looking at things it worked in 2000 to 2002 it works in 2008 to 2010 it might work now but eventually itll you know it seems to work over and over and then suddenly it wont but i also want to point out one other thing. About gold and about what we can learn from the pandemic because one thing weve seen across the world is panic shopping and what you know the fact is we knew for over 2 months we were already stocking supplies mid january late in its 3rd week of january we knew this was coming a lot of people chose to not notice it or they werent told on the news or they trusted the government and they trusted trump saying its just a hoax or its not going to happen and itll be ok and then what happened when they realized that when they finally dawned on them that in fact all those people were right that chinese style or italian style lockdown is coming and theres been panic absolute panic shopping and you see empty shelves everywhere you see empty shelves virtually on amazon and other online goods shops so i believe and i could be wrong so you should do your own research but maybe the dollar will be maintained for decades further into the future but i believe that its end is near and what will happen is no matter what the dollar price is at the moment of gold you will have the same exact situation happen in the gold market you were you could have prepared for this decade these years before the collapse but you wont be able to get any gold that any price anywhere in america in europe in asia and latin america gold is the toilet paper of the billionaire class in moments of extremists and panic they will panic buy gold and panic buy so over there already reports that shops are running out of gold bullion and Silver Bullion you know as weve been saying for many years the price of gold and silver is quoted in the paper market the futures market it doesnt quote the actual supply and demand on the ground market and so we are not being told through the price signals that there are about the stock market in the dollar is that i believe the dollar would have to come down but it has to come down through a coordinated global effort they have to shut everything. Down and recalibrate thats the only way they can stop it number one number 2 in the stock market with Central Banks just buying stocks on the open market imagine the following scenario stock markets closed and then weeks later they say ok for example everyone who wants apple stock we close to 220. 00 a share were actually going to take a private and were going to send you a check for 100. 00 a share and that will be it youll be done special stone longer Public Companies that own completely by private equity so they could just market down 50 percent in a giant leveraged buyout from a Central Banks ok that could be a scenario theres no remember theres no laws that apply to bankers or central bankers they make it up as they go along and they could do anything they want they can do anything they want hoover did the same he did whatever the bankers wanted they tried to protect the bankers ultimately had an f. D. R. Because we had hoovervilles we had that test where it came from Hoovervilles Hoover caused that crisis we could see the same mass homelessness hundreds and thousands millions of americans but at the end of the day all they have this paper all they have is that fia its and the Federal Reserve protecting them we could have a situation where trump is forced or whoever comes after him you know i personally dont have much faith in the candidates on on offer on the other side but we who knows these are extraordinary times we could have an extraordinary situation in november somebody might come up along and be the f. D. R. In this situation they might get rid of the bankers the bankers you know at that time we had the pechora commission they were sent to jail they were capitalized and we might have another situation on fold after this so its a depression and so the events of the past that most is similar to the current one would be the depression and at that point when you talk about hemingway and his quote from for whom the bell tolls that was the sun also rises rate in the 1920. About the last generation right the last generation weve said on this show a couple times that the generation dizzy would be the last generation for a number of reasons the economy is finished and the ecology is finished its a twin terminus double eco catastrophe that is one of the themes of 1 the sun also rises of course or a child willing after wallboard one. Last generation came to age and world war one the z. Generation has never not known war weve been at war since they were born in the 1990 s. Late 1990 s. They had the crash of 2002001 that had the crash of 2008 they had this crash and of course the war the last generation also had the spanish flu which is the closest to what we have now with this pandemic so the one of the themes is they actually rose the case and they were considered kind of listless and just slackers and and decadent but they rose to the occasion and that could be the situation now we dont know and in terms of by the way Great Depression and you said apple stock it could be the opposite because thats what the u. S. Did at that time they revalued gold they doubled the gold supply the value of gold the paper value of gold and what happened you know that was to try to create inflation so they might do the same they might just say hey you own 5 shares of apple at 200. 00 were going to give you not 1000. 00 but were going to give you 2000. 00 for that gold they confiscated it 1st you know theyll confiscate your shares of apple and say we own it now you dont own it but were heres 2000 go spend but the possibility i suppose well these are extraordinary times so all one can do is do exciting things by the way i might add like i hope you notice my props in the background because this is giving me hope you know the pink flamingo and when i say oh its a cactus so you know hoping and dreaming that one day ill be able to see the sun again. Yes the pink flamingo is the universal symbol of hope and sunshine everyone those that cogitate on this pink flamingo moment and dont forget your kid actually escaped this is whats going to get you through the crisis make it an insta pot takes 28 minutes thats like a break and come back much more coming your way. Last sunday. Morning the beach he cut a hole goes through team youll be set its. Not only shooting against. The utility bills you know if. You needed. A little bit of my school but im going to want to have. To show. You the sash risto the t m 40 summed up. The money that you give the british mr bush time imo sure but. Is your media a reflection of reality. In a world transformed. What will make you feel safe from. Isolation community. Are you going the right way or are you being led. Direct. What is true was his faith. In the world corrupted you need to descend. To join us in the depths. Aura mainly shallowness. Each simulating civilization would be able to run using a tiny fraction of its resources. Hundreds of thousands millions of runs through all of Human History almost all. Beings with our kinds of experiences with them to simulated ones rather than none simulated ones and conditional that they are good we should think fearful of the one of the simulated ones. As a nation from which to us and. I say theres a mug for a couple who were trying to prove. That your mom happens you know to try to. Do this because the global world busy was going to have to use these is it you always do odds are those of us have plenty of us to move in this part of the family and youre fighting. Over there to have. Something left portion of astrophysics much because of the south. Welcome back to the kaiser report im max keiser time now to go to craig campi of t f metals report craig welcome back hi max welcome to a crazy 2020 point twentys turning out to be chock full of goodies for stock junkies and precious metal watchers and news and politics observers lets get into it so 1st of all apparently toilet paper is the new store of value paper people are valuing toilet paper. Much higher on a program basis than gold platinum rodin am or any any other precious metal how to toilet paper become the universal store of value correct i saw some of that on twitter yesterday that showed an empty rack of toilet paper on one side of the aisle and a full rack of vitamins in pro immune system products on the other. Bottles of mind but yeah toilet paper certainly more valuable than comix paper at this point were all getting there its really interesting max i think its an education for anyone follows these markets that there really is a disconnect that has begun between the physical price and physical availability versus the price of the availability of these derivatives that are traded and somehow even though they have no connection with price even though theyre not backed up with any physical metal or it no delivery ever takes place none the less those that derivative trading somehow is allowed to set the price for physical trading will be issued to see where we go from here because the premiums that dealers are charging to acquire a physical metaphor and ship it out here are just through the roof im so all that remember the greenspan put you know i was working on wall street the 1980 s. After the crash of 87. 00 the introduced what became known as the greenspan put that was replaced by the bernanke you put replaced by the janet yellen put and now we have a Jerome Powell play it this is the idea that no craft is too great that the central bank cant bail everybody out by cheapening money however Jerome Powell the current fed chairman cut rates by a full point 100 basis points a shockingly big. Cut in rates and the response this time was a resound fudge markets crashing down that is this may van this i began at the central bank can make all problems go away are we assessed finished now the era of the Central Bank Put greg reminds me of 20089 you recall how coming out of the financial crisis all of the cash that the Central Banks and credit all the extraordinary measures they took didnt seem to have an Immediate Impact during the crisis middle man once there was those purse proverbial green shoots that were shoot up in 2009 and i mean there was no looking back after that especially even in the Precious Metals same thing may happen here we get this virus under control you know whatever it is a trump just said it d may be as long it may be summer before they feel like things are out of control we get back to normal but whenever that happens you know its not like the infrastructure has been bombed out. The plant the plants are all just sitting idle and so we may very well see some huge surge of Economic Activity when this is finally all behind us and all of this extraordinary measures the Central Banks are taking all of this cash may just go flying back and all these Financial Assets so i dont know we didnt get much of an impact from what the fed did this past weekend of news that Immediate Impact man the long term impact of what theyve done may be felt in the months to come and you know my friend you go back 220092010 when you were talking about crashing j. P. Morgan by buying physical silver and we may be on the verge of that now finally because again people are figuring out that there is you know a price thats determined by trading phony baloney you know plastic silver if you well these paper contracts and then there is the real thing and we may be getting to a point in this kind of Global Crisis where people will finally demand the. Real thing not allow you know to be sold this bill of goods on allocute accounts futures contracts those are the garbage that isnt precious metal they made to be the real thing and you know there might be a positive change that comes out of this though and thats a good point there is there is a delay in the impact that all this cash has and it is a tremendous amount of cast many trillions of dollars are being thrown at the market and then another 700000000000 in what i guess can be termed quantitative easing so quantitative easing is back in the mix and thats a lot of cash floating around the system in the hands of unaccountable bankers who like to hoard that cash and put it to use and stock buybacks mergers and acquisitions and best of consolidating their binoculars to positions across every sector in america i would imagine theyll be an enormous consolidation in the Airline Industry will probably say you know several airlines be taken over well see some more banks being taken over well see at the end of this a several private equity firms owning yet more of the operating capacity of the american industry held by fewer and fewer hands which is terrible for the hoi poloi its terrible for the guy on the street speaking about the guy on the street he they were talking about a 1000. 00 per month check will be sent to every american for the duration of the coronavirus lock down according to some rumors that are swirling. What do you think about this greg you know every part of me never been a big head of the site via you know of helicopter money in modern monetary theory all these things that weve kicked around forever is being you know terribly d devaluing to the currency but you know in this moment why the heck not in fact to be terribly unfair if they didnt do Something Like that you know i mean what i read a couple days ago that the hole that the Central Banks maybe even just the fed or going to have to fill in could be 12 trillion dollars. They might be twice that but out of 12 trillion dollars for gods sake if they cant give lets say 4000. 00 to 50000000. 00 people who w 2 less than 50000. 00 a year and have no savings my math is right 4000. 00 to 50000000. 00 people is only 200000000000. 00 theyre talking about 12 trillion thats 60 times as much man a think it car off 159th to find some relief for people that work in bars and restaurants and all the sudden cant make their rent and for gods sake i mean maybe it is time to grab the pitchforks and in storm washington. Oh i dont know this this is such an extraordinary time max people ask me they say well where do you think you know support lies and where do you think the markets will turn i say man i dont have any charts that go back to 1800 in 1009000 the last time the world dealt with Something Like this i cant look at the commitment of traders reports you know and say well you know when this happened and we finally reached a low i mean even these optimistic forecasts of year well theyve been we get back to normal by may or june who knows if thats going to be right and so i at this time what ive been telling people my side is just youve got to be prudent youve got to be prepared to shelter in place for a while and if you dont have some physical gold and silver you know is never a bad time to get your hands on some because if this all plays out and if suddenly this banker scheme for how the metals are priced which is now becoming apparent to more and more people by the day. That type of i guess we call a reset maybe an outcome. If i would be if it did make a good point there about this universal basic income equivalent the helicopter money the 1000. 00 a month given to americans because the American Consumer has her roic lee and gallantly put themselves into massive arrears accumulating enormous debt by shop. Themselves too near extinction to keep the billionaires rich but if they all die on mass whether its going to run a virus or the bankruptcy and related problems associated with that and the billionaires would have to for the 1st time in 50 years get real jobs right they have to actually do stuff instead of just being a ron ca vampire sucking the cream off the top of the economy so theyve got to keep the suckers alive i remember working on wall street the saying was oh as sheer never slaughter this meant to say that when you have a bucket customers you just shear them periodically month after month but you never slaughter them because you dont want to kill the golden goose as it work and thats the way the bankers have created america for decades and theyre at risk of killing or slaughtering the golden goose of the maniacal American Consumer speaking of precious metal and priceless covering silver has gone down to black 11 year lows its almost an i think it did touch Single Digits what is going ike im choking on the words that come out of my mouth im in such shock right what happened to so over max i will cut monday morning and gasp i mean it is laughed actually when i saw it trading at 12. Look ive been trying to tell anybody that would listen gold and silver are your safe havens jet i mean for millennia they are money they are protection against you know this type of thing what is not a safe haven are the gold and silver futures contracts i mean theyre being just liquidated by hedge funds and other large institutions or the like that that have margin calls from other parts of their portfolio and so if it has a bid it gets sole and so weve seen the price of these derivatives you know its true that its made by the exchange of these derivatives on the comix fall to 12. 00 but you cant find fear. Ical silver for 12. 00 most the dealers are sold out. If you can find a dealer to sell you some theyre going to charge a premium of 4. 00 to 6. 00 maybe even 8. 00 above that paper price because they know how that how they are they going to be a manager own risk of trying to acquire physical to send to you once you buy it so thats i mean theres this disconnect happening now and its very educational for a lot of folks that i guess never really taken the time to understand it that there is a price thats determined by the trading of what are basically baseball cards and thats allowed to determine the physical transaction cost and i think people now are seeing the real disconnect its very educational and if we finally get to the point and the maxxis gets back to the crest j. P. Morgan campaign we need people around the world to say no no no no im not playing your game anymore mr baker im not buying the e. T. F. Im not hold my metal in iowa kid account in switzerland i got all that stuff i want the real thing right now and call these people to the carpet and when that happens finally it may be about to happen finally thats when the system will finally be forced to adjust and shift to an actual pricing scheme where i have cash you have metal and we exchange it to agreed upon price none of this just you know flipping a big derivative contracts instead imagine the crash j. P. Morgan by Summer Campaign at the time and this goes back 220082009 somebody had a meant actually produced some silver rounds with that logo on it and i think last time i checked on a bed i try to get a 3 to 400 percent premium so they actually held their value over this decade you know its interesting over there the comics weve been playing for years and years that its over leveraged that they have sold forward hundreds or thousands of millions of tons of sulfur that not only dont exist but are not even recorded on anybodys ledger as being part of the callbacks. Exchange itself its complete phantom selling and yet this is what is being criticized by wall street critics are saying look theres too much leverage in the system no one seemed to care that the Summer Market spent over leveraged by a 100 to one for the last and yes but what if there was a run on the coax finally cry camp if thats what youre talking about weve got about 30 seconds im not sure about a run on a comb explicitly im just talking about the whole system from london to switzerland to dubai replace else that exists on this kind of just in time delivery of physical metal. Is kind of pretty it is priced off of these phony baloney contracts so if people just lose confidence in that system lose confidence that they can get their medal a timely manner then maybe that system finally begins to fall apart thats room for max you heard it here 1st Craig Hampton of j. F. Metals report has said categorically that silver is worth more than toilet paper and thats going to do it for this edition of the kaiser report with me max kaiser and Stacy Herbert like i think are just great empty of its if battle reports if you want to catch us on twitter its kaiser report and select time. No offense to you no longer a young woman in fact youre one of the last living survivors of the nazi past. For a day. All your life. And you can never forget america now. Was it really light to be close you would never believe that. You meant to ask. For it for 2 years and over the. When i get out on the farm saw you know. Next to this and hopefully. The washington consensus led by the United States says the liberal world order must be defended at almost all costs said differently the Foreign Policy demands the post cold war you know polar moment be preserved but alas it would seem a multiple of those already. The feds have the full force to look at all to. Ensure. People feel and i mean its. Not an idea that has made. No. Mistakes and. Yes. I. Do. Just a. Friday morning here in moscow in the headlines than the coronavirus death toll in italy overtakes of china we can report to one city the army is drafted in to help transport coffins out of the area. Moscow starts building a new hospital complex to treat covert 19 patients out of bed early signs of panic buying we look at supply levels in the russian capital. Particularly sensitive subject lately toilet paper while. Any type of budget any type of. This clearly enough for everyone