Then weve seen the deagle bliz ation and charm and brags that were a sign of that but now of course is the accelerating rapidly thanks to this pandemic and i want to look at how that break in this supply chain the Global Supply chain happening right now is with the most fundamental resource of all and that is money and its being called on a 40 m. And on obtaining them inside the mad shortage in gold the ultimate doomsday preppers asset of course weve seen shortages across all sort of commodities and especially in the Agricultural Sector whether you can find whole wheat flour or milk or eggs at the local supermarket its very difficult but theres a mad scramble as you said with the billionaire class retreat gold as their toilet paper yeah there are some crazy prices up there gold is hard to get hard to obtain youre paying for a spot gold youre paying for the gold 2212200. 00 for an ounce of gold a gold dealer and else. Where things are crashing in price so again the the the cockpit of the crazy machine is showing all kinds of bad info thats true and its funny that a lot of people say oh its a Conspiracy Theory that even what they see right in front of them that they see thats gold price that there was some sort of break in the contract on the co max that theyre having to change the contract for that has been an operation with dozens of years that theyre now using different delivery sized bars you know theyre using the 400 ounce from the london rather than 100 ounce from new york that all that sort of stuff is going but if you could be bait for example and you know you theres a certain brand of wheat flour that sells for 3. 00 for 2 pounds you can find you cant find it in your local supermarket but if you go to e bay you can find it for 33 year to 55. 00 so that suggests theres a shortage somewhere right that people are willing to pay up to that many times over because of this break in the supply chain and what were seeing is that as people are starting to realize that its people that printing wont get us out of this wont get us out of the situation youre seeing a mad dash for gold and youre seeing the fact that its also meeting the supply issue of flights because gold suppliers are in talks to use charter cargo flights to transport the precious metal which usually moves around the world in chlorophyll planes and has been left stranded as global trade grinds to a halt the gold market is antiquated you know its has about updater for decades and so the way that the various contracts are subtle paper contracts are different sized bars and this wasnt a problem because nobody took delivery of these gold products they just took delivery of paper for decades because the gold bullion banks and the miners and the derivative traders were all kind of working together or colluding some might say to. Satisfy their own interests that were not necessarily. In the interest of people that were looking to operate in an economy thats based on hard money if you know if you catch my drift and now people are asking physical demand the man of the physical gold they find out that these are the logistics and the way these contracts are constructed are completely. Misaligned and theyre having a little of just a problem in that they dont have a problem because when do you know this really shows another huge reason why gold is inferior to big coin in many ways but dont tell peter schiff hes cute hes living in his own dream world and this is the sort of weird denial thats been going on since january you and i were reporting here in kaiser report that surely the entirety of china especially will hand region the who who by province being totally shut down surely thats going to have some impact eventually right on the supply thats where we make everything and the world just kept on going around their business as if it was all going to be normal because the central bank theres always the Central Bank Put the fed always comes and rescues us with more money and the more money has been an answer for decades to last 2 decades any time things go wrong even if its Something Like an attack like 911 they print money and it all goes away and here we see one thing that ive been kind of sitting around for 2 and a half months waiting for some sort of solution is its quite clear that we need personal Protection Equipment especially facemasks the economy of japan is like the 3rd largest in the world 2nd largest in the world they economy singapore they have khana me of south korea have not had to do total shutdowns like us they havent had to do it because they have 73. 00 cent masks anough for all of their population to use that and thus avoid pandemic spreading so heres the great mean to explain the situation on americas in the process of diggler position in the dollar a station easier to print money than making masks thats drake and the famous mean doing. Mask. And of course loving the money printer go. For it and so interesting because in the substrata stack that we call the American Economy deep down in the bowels is a layer of lawyers an american is famous being highly meticulous of one suing everybody and so why theyre no masks why were there no cockpit door locks before 911 even though it was an easy fix that everyone kind of knew that this was a risk but because of the lawyers because of the litigious risk because its a lot easier just to print money and then say well we did everything we could because that immaculate solution nobody sues the government for printing money but if the huge chain of Grocery Stores allowed for one store to have masks and another store didnt have masks then the people who didnt get mass would sue the Grocery Store and theyd be tied up in court in the litigation for years and years so that you know this might be a Good Opportunity in america to get rid of all as lawyers that would be hugely beneficial but i also think its part of this global dollar ization situation weve had the liberalization and dollars ation financialization of the Global Economy because its the us empire and weve been able to run this empire where we get to like most empires before us whether it was the spanish or the roman everybody else does the work and then after a generation or 2 you forget how everything is made and you feel like you start to feel like divine right of kings sort of thing they youre youre youre born to rule youre youre you eat well you eat novel colorados and you eat at nice restaurants and you are superior obviously to the driver or the insta cart delivery person a you this is a divine and as it should be situation until it suddenly isnt so with the masts theyre all made in who by we shut down by and obviously there are no mass anymore so where are all the elites all the wealthy all the socalled entrepreneurs of the dust. Yes theyre nowhere to be found because we dont have them anymore in america 70 bodies sitting around waiting for these mass to be delivered everybody sitting around waiting for food to appear on the supermarket shelves when theyre counting on somebody who is not valued in this economy and an economy that is financial lies that is based on a dollar it doesnt value all those people that we as a society 340000000 people here in america cannot exist right now we cannot function without all those people who are delivering the goods and also packaging the products since to sell to us to give to us we often stay on the show how the black plague europe created the middle class because it was the shortage of workers after the plague that then gave workers some bargaining ability and we had the beginning therefore of the middle class what we know as the middle class and the end of kind of the lord and serve model and to feudalism right the end of feudalism exactly good to get that word for some reason i know its got 2 vowels right there after the initial consonant and that can be mind numbing and but nevertheless you know it is now a time in america for the sort of class the workers who are making minimum wage but cant survive they have to have 2 or 3 minimum wage jobs theyre rising up theyre going on strike. So one of the fallouts of the copen 1000. 00 plague wont be much higher wages long overdue. You know this is the way nature is this is the way guy throws down boomers have enjoyed the benefits of a financial ised all dollars system since weve had since 1071. 00 they were the 1st and they were 20 years old when that happened well the 20 year olds now are the generation z. And this is a huge radical shift as radical as what happened in 1971 and they are in control if you want them to come bring you food youre going to have to give them some money because theyre just going to sit out there with a bag of food and say how much she can give me there is one thing that is also unobtainium. Even though the price keeps dropping so if you look at the gasoline prices here in america nearby its only like a buck 75. 00 a buck 80 to go fill up your you know your tank per gallon well oil prices they keep on going down so down that again its like Bermuda Triangle crazy mind blowing deflation physical crude price wyoming sour trades at negative 0. 19 per barrel wyoming sweet is that 3. 00 per barrel oklahoma sour 5 Canadian Western 5. 00 all u. S. And global yields can fall close to 0 as inflation dropping faster than rate cuts and these are more and that whole fracking patch and the tar sands up in and canada so to their cost of production was only possible because of the negative Interest Rates the free money the financialization the dollar is ation of the world now as things get real as everything is topsy turvy in this be we have china world. You know this is the sort of crazy you see broad as weve pointed out in the past for every barrel of oil there are 60000 barrels of paper oil just like for every ounce of gold or thousands of miles of paper gold and thats where prices discovered is in the Derivatives Market and now the gold market which is purposely with the Banking Industry when both collapse simultaneously they become coterminous then you have weird freaky Bermuda Triangle like pricing that throws off signals that no economists prepared to talk about on Mainstream Media only through shows like this that weve been actually prepping people for 10 years to get ready for the psychotic post modern world can anyone even begin to wrap their mind you know its about confusing few tile with futile dont do it theres 2 to do or 2 separate words and when we come back after the break much more coming your way. Its a let me. Ask i would him will. Take i could not predict that could not the other thing. To show one. Thing you love doing you know not. Trying to make it a secret is dont want to tell. You what you have only been a kook on the standards of the last night as you had checked on this machine. And then with the physical entity. Being. A new one who is to mourn for the little known much of the cynics thrown in one thing for not. So would you hire them and when he tried to use in did. One just learned that. One of the meets you has on the net passing them. Under the bridge over attention is biased to scare information we want to know about more so we will be the association for this information what else happened how many people died were wells got sick. What our other troll prescribed was the greatest cause we can to make a better outcome if you are getting at its by the by the some of this natural bias. On. Your part of the world are. On. The border to be going to deliver to your god with a bit of up. R. M a. R l. Welcome back to the kaiser report imax keyser time now to go to jim consular of consular dot com author of a new book which is very timely living in the long emergency James Howard Kunstler welcome back im max nice to see you virtually well you know you predicted it youve been talking about it youve been writing about it and now were here were in the long emerge and say and trump wants to make a short a merge and say your thoughts on the disintegration of the economy and all of our quote just in time supply chains jam with your thoughts i dont know kind of hard to blame to blame trump for a long thing to make it a short emergency but you know whether he can or not is another matter and it seems to me that we really come to an Inflection Point where an awful lot of the arrangements that have made us comfortable are probably going to have to change and we really dont know how were going to do that because you know were really kind of stuck in the myth and operations that were used to and we havent even begun to imagine making new arrangements for things its like when i hear tom say that he wants to be a short pandemic its like watching Charlton Heston as moses you know parting the red sea and commanding this to happen and its ludicrous it shows tremendous hubris and i think thats part of the problem now new york is one of the biggest economies in the world and in the u. S. 18 percent of g. D. P. In america is health care and yet the Health Care Workers in the best hospitals are wearing garbage bags for protection whats going on here. Well probably more evidence of what was a racketeering up operation in medicine and you know one of the. Prime goals in over the last 2030 years was just optimize the efficiencies their corporate operations rather than you know optimizing the delivery of real Health Services so you know they decided well you know maybe we dont need this equipment maybe we dont need the ganz maybe we dont need the masks so you know well save one percent of our operating capital by you know not getting it so its pretty easy to understand if you recognize that medicine has been an record tearing operation for clinton few years its quite easy to understand our last week 3300000 americans filed for unemployment and stock markets had one of its biggest rallies in history you know theres always this odd relationship between main straight and wall street they tend to be mutually exclusive when main streets doing well wall street tends to go down and vice versa but for the past 20 or 30 years as friend all wall street know main straight and weve saw stark evidence again of this 3000000 print on the unemployment number markets scream higher but thats not a surprise thats exactly whats been going on for a couple of decades now only more emphatic now because you can see that the reality of human activity has been reduced to 0 so there is absolutely no relationship now between what happens in finance and what happens on the ground with people doing stuff and producing stuff or in this case not producing stuff finance is now completely divorced from the reality human activity and human production its very difficult for people to grasp that point just like its very difficult for people to grasp but the exponential nature of the pandemic and how they infected cases double every day whatever it is 6 or 7 days and its projected that in the us forgot to say millions of cases and were going to see in the globe many. As of cases its hard to wrap your mind around the the mathematics there and so too its hard for people to understand how the worse the economy gets the better it is for wall street because they can go to the central bank and plead poverty and the central bank is always got the open space get a fresh cash will there ever be a time when the central bank. Says know that the Central Bank Says wait a minute we cant debase the currency forever do you think thatll ever happen in our lifetimes jim oh absolutely because you know what youre suggesting. Implied in your question is that there wouldnt be any consequences for any of this but there will be i mean i think well see the time not far off when all of the unemployed hungry people on long island you know march to the hamptons and go after the hedge funders you know thats hardly out of the question in the end the other consequence will be you know they can keep on printing and channel stuff thing in and jamming new money from thin air into these various places that theyre jamming it but if they if they keep on doing that long enough the dollar wont be worth anything and it wont matter wont matter how much they print because you know the the all the money they print will be worthless money and as we both know there are 2 ways that you can go broke you can either have no money or you can have plenty of money thats worthless exactly hyperinflation currency collapse you know its shocking to may that how the Mainstream Media plays into the worst tendencies of the kleptocrats lets take an example imagine a hedge funds there a moment ago lets take an example of a Hedge Fund Guy bill ackerman he was recently on sandy say they gave a platform for the full half hour crying literally crying about how horrible the stock market is going to bay and sure enough it was an act he was short the s. And p. 500. 00 cash 10 1st over a 1000000000. 00 in less than a week so this is a big yes let me point out he are almost all think short and distort ok its a legal early years to be had for many years are not allowed to. Really manipulate markets and this obvious. Way and i dont blame bill ackerman for being a slave bag but see n. B. A. Say to give him a platform for a half hour to conduct a massive fraud like that i mean whats the world coming to its hard to imagine what the worlds coming to in journalism you know its obviously reached a pretty dark place. And not just in Financial Reporting but especially in political reporting and you know one thing that tells you is you have to go looking for sound information in other places than the New York Times and cable t. V. So you know its really as simple as that. Its a little bit hard to tell why and how it came to be ok for people in those positions to operate in such extreme bad faith and dishonesty but i suppose that thats just another matter of a cultural consensus forming you know societies give themselves permission in effect to behave a certain way and to some extent the election of donald trump gave the media the mainstream legacy news media permission to lie and be dishonest and act in bed faith about just about everything and theyre just continuing that now kind of out of habit its a reflex for them now but its very dangerous for society and i would agree by the way ive just been told bills last day was act when. Small correction on that but remember and that was the you know boss the out so. I could be messing up his name too but who warned about the ravages of plunder one plunder becomes a way of life if. It in of facts the entire society if you have plunder at the top it are you going to see plunder at the bottom you can see the looting at the bottom when you have guys like bill ackman plundering obviously plundering the system in a. And a whole late show. Hoax and fraud you know why should we expect the holy apolo oyo and the platypus not so it did the equal measures of plunder well i suppose that there is going to be a certain amount of disorder and that will include a reaction against this kind of plunder and this kind of opportunism we must bear in mind the fact that there are you know scores of millions of americans out there who are not in finance and not in political power but who are plenty smart plenty intelligent enough to know when theyre being played and theyre pretty well armed. And you know sooner or later some of the disorder that were inviting into our lives is going to express itself in probably an angry rebellion this is this is certainly the most this is the this is the moment of the greatest uncertainty in our lifetimes and its hard to say where this is going to go but the potential for disorder is really enormous always sought a movement started with the occupy wall Street Movement and weve been covering on our show the global answer action against banker occupation weve had you on many many times in your work as always tied the ecological all emerge and say what the financial emergency and how those 2 interact with each other and now you know were at the point where your prophecy i dont want to you know put too fine a point on it but your work of the one emergent say you know this is what were this is where were at so i come i ask you what is the whats going to happen next its been kind of weird for me to go because i feel like im living in a prequel of my own books i wrote a 4 novel series of books about. Fictionalized American Economic collapse and it took place in the aftermath of that it was called the world made by hand series so i feel like im living in the prequel of those novels and really what happens next is that history for really compels us to make different choices and different arrangements and these mainly revolve around the necessity of downscaling our activities to make them consistent to make them comport with the capital and resource realities that were moving into and. To become more local and to expect that the trust horizon for a large institutions you know whether its federal government or any distant thing thats. In your life you know thats going to dissolve and youre going to have to become much more interdependent with the people around you i think the catch is really how are we going to rebuild our local networks of production in interdependence in the usa because thats where were going thats where the journey is taking us there are tremendous opportunities in that for young people to go into business local 8 in one way or another to rebuild these look these complex buying Green Networks making things growing things distributing things and i hope that people see where those opportunities are. You know that the other catch in that is that there is little to be a period of considerable disorder between the time that we recognize where this journey is taking us and where were at now is the sort of beginning of the dissolution of our former arrangements well america is you know all about manifest destiny and we have no borders we we have no limits its our world everyones just a guest of america you know how we get to make the transition to living like japanese people in origami shoe box as i dont know how thats going to work in america well were not necessarily going to be living like people in other cultures you know we will have a version of our own downscaled American Culture and it could be a very fine culture as as our culture was a very fine culture before we got to this. Hypertrophic place that were at now at this now this hyper complicated in the hyper complex society that we ginned up so we can get there does you know theres were still going to find joy in existence in being in this marvelous reality of this world that were in but 2 you know its going to take hard work and its going to take becoming upright people rather than people who indulge in bed faith and dishonesty and. Its going to you know really challenge our moral and ethical scheme of things and a new scheme will emerge you know this is an emergent process meaning that americans will respond to what reality is asking them to do and what is compelling them to do and we will make new arrangements for things James Howard Kunstler thanks for being on the kaiser report its a pleasure to talk to you always max and thats going to do it for this edition of the kaiser report with me max keiser and Stacy Herbert want to thank our guest James Howard Kunstler of consular dot com if you want to reach us on twitter its kaiser report and so next time by. Your government our government and all the other major governments of the world know whats going to them when its going. But they havent told you and they havent told me they havent announced. Imagine something as big as the earth. Is going to cause tidal waves earthquakes volcanoes ago wrapped and its going to chill. So very for a while right. My great grandfathers. Nobody would care about the law or prison so youd have wallace those should have. A terrible life between now and the. People who lived in towns to which excess is now restricted are allowed to revisit their homes a few times each year 51 is given a dosey meter to show how much radiation they are exposed to while inside the zone. The march 2011 earthquake and tsunami. A giant wave hits the fukushima one Nuclear Power plant. Flooding the entire facility. The reactor cooling system is compromised then theres an explosion then another and another. Radiation rises to 5 times the normal level the situation is exceptional