Thank you again. Well this is fine you know the only solution they seem to have over and over is more money printing and the fed is at that again nonstop since 2008 really as paul says fed policies will absolutely not lead to more income inequality this is what he claimed last week while cities across america were on fire and notice that he said income inequality you know money printing does it causes asset prices to increase and tech Capital Gains to increase he didnt mention that he didnt mention the wealth gap so i did want to turn to a chart from pew and it shows the share of us aggregate wealth since 1983 to 26 teams this is what the fed has been doing this is the upper income went from having 60 percent of all wealth in america back in 1903 to 179 percent and its probably much higher even now middle income has been the huge collapse as you see down from 32 percent to 17 percent so theyre nearly cut in half well this is the latest chapter in the global insert action against banker occupation you know we saw it with occupy wall street there was a concerted effort to talk about wall street and the Federal Reserve bank are creating wealth and income disparities and distorting the economy and bankrupting the nation and we had an uprising and we have an uprising in athens that we covered in the 5 uprisings all over the world as part of the global insurrection against banker occupation and now its in the United States and the u. S. Dollar i guess is. Going to have to be sacrificed if theres going to be any hope here the thing is they are printing for everybody for the entire world and there are only at the moment its currencies so if you disregard gold and you disregard big coin it like most people in the world dont notice that of course the dollar is the strongest of them all of all the fiasco currencies because everybody it is the reserve currency so heres jay powers you know printing money for everything heres his story right here fed bought 3000000000. 00 in e. T. F. And may junk Bond Holdings here include hertz j. C. Penney Neiman Marcus and Whiting Petroleum because of course they do l o l nothing matters. So you know theyve basically bought the bags off huge private equity and hedge funds that otherwise would have perhaps closed the gap in the wealth gap between those wealthiest of americans and the poorest but they bought the bags off the likes of you know carl icahn and Warren Buffett these sort of people the billionaires right i mean the standout on that list of the hurts so hurts was heading into bankruptcy for a year now and just before they did declare bankruptcy the such a bank buys a bunch of her stock and you know to give some backup to carl icahn a private investor a private equity guy this reminds me of the e. C. B. Funding for the leave a tall entrepreneur made a huge purchase recently and that was all funded by the European Central bank of a private company so the private banks are buying junk corporations and theyre actually buying an e. T. F. With the Ticker Symbol j and k. Which stands for junk. That means that weve kind of crossed over to it and to no you know theres no turning back now because the said Balance Sheet of approximately 7 trillion dollars and its adding maybe a trillion dollars every 7 to 10 days the resale value of everything on the books there is 0 i mean you can obviously resell hurt stock because it just went bankrupt a few days ago so thats clearly worth 0 everything on the junk e. T. F. 0 black rock that sells the e. T. F. Is charged with buying e. T. F. For the fed so the fed and the government is tall black rock by e. T. F. Those things that you sell for us with the government with the printed money that were printing ok thats obviously corruption at the highest level and its horrible economics. That bonk they might convert to equity which apparently the feds not supposed to own so you know the but they did not buy the actual shares and hurts but they have these junk bonds which theres confusion out there whether or not it converts the equity now they own equity which they say are not supposed but the people are always so smart right lets look at that with the people on the other and of all of this free money printing you know what they really think. Of all this money printing people are mistaking stimulus payments for junk or scam now no theyre not mistaken yet it is junk it is scam it is junk this is this is a scam. Let that be a lesson to you money printing eventually comes to an end and the only thing that you hear is the jammed money printer and then youre wondering wheres my food wheres my government where where am i and you know im sorry but i have to ask what was that last point you made that the people of the United States of america are receiving these debit card oh yeah right so i got it i got it i got it i mean i was so taken by by this flotilla of cast. Yeah the people the government is standing United States citizens debit cards with loaded with cash and they just assume a chunk of the throwing of the garbage and what is john you know is this should be sort of the garbage just no difference between a plastic e. T. F. Card or you know an a. T. M. Card loaded loaded with money from the government and those trash bags full of venezuelan bowl of ours you see on you tube now people are just carting away trash bags full of venezuela a bowl of ours all free up money for 300 years has gone has lost 90 percent or more of its value its all garbage. Those are all they are going to get in that are. Blue. This is all fine so lets look at the headlines about this alleged no wealth and income gap being created by a cantillon sort of effect that is happening in the United States this nonstop since 2000 really when we off shored all of our Creative Capital all our Industrial Capital to china since we allowed Derivatives Trading to happen in the explosion on that and we ended glass steagall lets look at some of the data here that shows otherwise to what jay powell asserted this is what happens when predominantly workers with low salaries lose their jobs average salaries go up so heres a year on your change of the average Hourly Earnings of employers so going back years and years and years hourly wages have just soared why well because this is hourly wages so this is not the transfers from the government yet in this data what this show is is that all the low income workers got laid off now you have just all of the white collar workers all the people in new york city in San Francisco in los angeles some places like that still have their job theyre able to work remotely from home. Oh yeah this is remarkable that the hourly wages suddenly skyrocketed because of the money giveaways from the feds and it shows that up until that moment the average worker hourly wages were below subsistence right people are working below subsistence wage levels they have to theyre living in their car and theyre working but under minimum wage and they work 2 or 3 jobs and so tasha injection from the government suddenly spikes that hourly wage it proves that theyre living in america on a subsistence wage which is just one notch above slave wages right the slave wages then theyre subsistence wages and thats where americas at 200000000. 00 americans are subsistence wages and were going to get to that data right now because incomes for all americans beyond the hour of those who are still working and now and getting paid by their jobs their incomes have gone up as i showed in the last chart theyve gone up by about 5 percent because they got rid of they fired all the other workers but all those people who fired are now represented in this chart these are the people that are at home theyre not working theyre collecting Unemployment Benefits but are now called enhanced Unemployment Benefits so theyre making 600. 00 extra dollars a week that shows up and this data u. S. Incomes for all americans rose by 10. 5 percent in april on the heels of enhanced Unemployment Benefits the expectation was for a 5. 9 percent decline so how do we ever get out of this situation where jay powell is printing his money hes giving it away the government is borrowing money and with 3 trillion this quarter alone caused wages to go up this is end of empire kind of stuff this is bread and circuses and its really really hard to end bread and circuses once you start right while the primary component and money in the u. S. Dollar is cotton. So america is going to get back to cotton picking. Right thats it cotton picking is going to be number one employer to save that money printer in washington money printer go burger theres jay powell hes in the big house looking out over Cotton Pickers pick me some more cotton so i can prince morphia americans like ok will do well the fed is if you are looking for a job and your unemployment your enhanced Unemployment Benefits are not good enough for you here the fed is still hiring apparently so these are the sectors in the economy in the United States still hiring only a few of the hundreds of track categories added jobs last month so this is for april warehouse clubs and Super Centers so if youre working at amazon or walmart there are plenty of Jobs Available central bank number 2 adding jobs so it takes a lot of effort to parent we print that i guess i could be employed i could start working part time. Or work troughton or talk about there or problem go pick a better look. Whos do it and finally americans are doing something surprising with their money right now Gretchen Howard c. E. O. Of robin to describe the spike in deposits of 1200. 24 reflecting the amount in stimulus many individuals and couples received during the week of april 13th so people are again bread and circuses they love joining the speculative bubble and they also along with fed the fed buying all these junk bonds they were buying warren buffets bags they were buying Stanley Druckenmiller bags they were buying karo icons bag he dumped her pts guess who was buying it was robin hood apps people with the free free money from the fed the fed knew youre going to give it to carl icahn and Warren Buffett and chuck miller to exit right well turns out the said it is the dumb money. Its our money but were so dumb all right well take a break and when they come back much more coming your way. So what weve got to do is identify the threats that we have its crazy. Let it be an arms race. Spearing Dramatic Development only. Exist i dont see how that strategy will be ready. To sit down and talk. According to several sources fleecing the United States from 2 to 4 people every day. And its been. One of my being arrested for. Their little world to establish. The us against them and. How long. Terms like 25 years as. I read this from someone holding you close. There is a corruption of the police while the. Same wrong. Just dont hold. Me. To shape our. Council. And engagement equals betrayal. When so many find themselves worlds apart. To look for common ground. I know team no crowd. No shots no. Factionalism belts i. Mean no one is track no progress 12. Points your thirst for action. Welcome back to the kaiser report im max keiser time now to go to tyler linda nomi is the representative for wyoming House District 01 for those outside of america wyoming is not only the most bitcoins friendly state in america its also the 10th largest state in the union and the least populated its born for social distancing are i thought i welcome the kaiser report yet thanks for having me really appreciate the opportunity now many people here wyoming and think not only Yellowstone National park ranching farming with a cover 19 pandemic we saw livestock destroyed while supermarket shelves were empty what caused this and what legislation did wyoming introduced to address this tiler i think the 1st thing that we should make very clear though is the coronavirus did not cause coops sell the meat supply chain meat supply chain was always pretty horrible it was a centralized mass. Kind of propping up or big monopolies and thats where everybody gets their meat whether its from the back of a beef track or from a Grocery Store or whatever its all going through these or out and so the coronavirus was essentially just the straw that broke the camels back wyoming didnt we inadvertently it was just really good timing on our part so ive been working on this issue or oh right around 6 years and what i did is i drafted a piece of legislation that took advantage of the federal means section federal means action access that all meat sold in the United States retail has to go through a u. S. D. A. Packing facility and so in the state of wyoming ways we what we did is we rationalized cattle we said that you can you can sell shares on a on an animal or you can sew shares on an entire herd of animals and that way that share grants you access. Those animals without going through all of the red tape and regulations and ins action processes all of those that add quite a bit of cost and also what more money on the actors are so i am ing is really taking out some great initiatives and put some great legislation in place and particularly in the big clean space you have been a huge proponent of because i have helped pave the way for why arming to become the crypto friendly state in america why. Well its all about that centralized nation i mean nobody likes centralized ation right centralized government centralized money centralized meat supply chain and so i became a big fan of big quiet black and technology back and you know i cursed learned about it back in 2012 from the ron paul or arms and i really studied down on it and so when we when i got going in the legislature i realized there were some issues in the state of wyoming as far as our laws were constructed and we were actually one of the worst in the nation for bitcoin our money trends that are transmitters license was blocking any exchange for betting on wyoming customers were able to fix that and then we just picked it up a gear and now we asked right around 20 does the legislation to handle everything from security laws to banking law to a lot of those different aspects that have stood in the way from essentially this currency going industrialise and being able to really be utilized by individuals even even not yet not not so much mainstream individuals but more of you are you know average folks that may not necessarily even know what bitcoin is this is an opportunity for them because its much more mainstream now in the state of wyoming right iow making you know that a message of individual sovereignty seems to fit in with the 8000 of wyoming and that wyoming state motto is equal rights now it was the 1st state to give women the right to vote out of necessity wyoming needed the votes to gain statehood and you know this is part of the interesting dynamic in the United States between the states and the cetera. Government so these 2 are competing with each other on some level and could the same thing happen for bitcoin in other words you look at the american states and you said you know theres a state out there called delaware and it gets a lot of business by being the number one state that companies incorporate and why dont we do that be the delaware for big oil why cant wyoming be the destination for bitcoin and now this is exactly what youve done my question is could the same thing happen for bitcoin where other states see your success in this hyper and deflationary necessity as the federal government paper money collapses the states and by the way in the constitution i believe it says the only the states can create money the states take it upon themselves to preserve America Tyler what do you think yeah absolutely thats not going to home run and thats exactly what were chasing down its all about Economic Development its our its all about making sure theres a safe spot a lab for these companies and also an area that they can flourish and so as states realize that their currency is being devalued in the purchasing power is going in the toilet i think theres going to be a lot of a lot of state governments and a lot of it maybe even smaller governments that start turning towards different types of assets to protect their well and just like individuals have done and so wyoming is definitely leading the way and theyre in that cause but its important to remember that we are nowhere close to even being. Were still all steam ahead were looking at some really interesting stuff right now in regards to the banking secrecy act as are now your customer and i Money Laundering laws and so i think were going to have some for next year that really should go on that now the wyoming legislature has just formed a select committee on block chain and Financial Technology are you a member or what are the plans for wyoming in terms of fin tac and bitcoin yeah i definitely. I am a member as you know we have the task force before and we were a little different then like other states have asked or says we were different in regards we actually do thing and actually accomplish things so we were very successful we moved on to being a Fly Committee so we could sponsor on legislation and we could do even more added on it and i myself im a member were chaired the chairman a back to many our chairman shared olson out of cheyenne wyoming and chairman chris rock us out of one army wyoming both great individuals and of course weve got a long on that on that cable along certainly has been. Firestarter and this area of getting decline to the masses the using the and existing infrastructure because he has that incredible background on wall street and the Banking Sector and hes a very high level executive and she kind of defected over to the pick when space and i know wyoming is the right to become the destination for bitcoin based startups are you seeing that already are becoming base startups moving to wyoming when we 1st started this whole journey and started a little task force we had people showing up to our meetings without shoes on and just kind of some wild ass now the folks that we got showing up are very much suit and tie and kind of oh jeez on the space weve got car i always k. Is now a now wyoming business we take a lot of testimony like consensus and crack and those types of folks and so yeah theyre common theyre here already i always cage just drop half a 1000000. 00 on the university of wyoming to help with their walking labs so its its happening and if youre not wyoming yet youre going to miss the boat sticking with cavemen long gone head start of the bank can you give us the details on that whats the status where is that hows that going to be honest with the i kind of once once a legislate. Then place like i would take a step back and let them work out their business and how things are going to move forward last night i thought today when most she said things were moving well and that they were they were getting close you know theres probably theres probably a total of 8 and it is right now theyre looking at starting up their their own banks and the state of wyoming in regards in regards to its real assets and all of those guys are moving almost in my hand ive got you know i i think i think a couple are probably going to finish towards the top but its fun to watch because we didnt spend as a state any money on attracting these businesses we took a very unconventional route out others its us Economic Diversification we just Legal Precedents we were smart we sat down and we studied the laws and we figured out how we can actually move the laws in such a manner that still provides Consumer Protection but at the same time is inviting to business and so far so good and successful i want to return to kind of this. State versus federal government tension or the existence of this because its a checks and balances built into the american system of governance that eveline many many checks and balances the various the. You know houses of government and also between the state governors of states and the president United States and so when youre talking big going to people in wyoming right theyre not from Silicon Valley theyre not financiers wyoming as we said at the top a show is mostly about agriculture and ranching and you know correct me if im wrong here i might be stereotyping whats going on there but thats my perception but isnt isnt the urgency in the pitch isnt about south sovereigns say and it isnt about hard money and the fact that the federal government you know needs to be kept in and chat tyler thats right its all about the 10th amendment its all about state sovereignty its all about. You know keeping our see our citizens in our state and a safe place regardless of what congress does because lets be very real about this congress is incompetent what theyre what theyre currently doing right now it is a hot hot mass it any kind of reaction that theyre doing it whether its in regards to krone virus or the meat packing the elk all of its a hot mess they can fix the meat acting with legislation that just the regulates and let states that set their own course and it costs nothing for them to do that but instead theyre going to do this whole pump and dump scheme into ranchers across the west turn every rancher on it and the west and go see it and to see our armors and its just an absolute wreck so were talking about state versus federal. We really stretched our legs in regards to cryptocurrency but we also stretch our legs in regards to gold and silver also and this is why i mean gold and silver is considered legal tender are the cosponsor of the legislation and and so you constantly see why im a doing the saying and its because we want to separate ourselves from some of the horrible mistakes that are being made by the federal government we dont really want to be associated with one event wait wait wait one minute their gold is legal tender in wyoming holy mackerel i was on the fence now im headed to wyoming how hard is it to master riding a horse. You know eyes to be honest with you its one of those things that when we were when we were talking about the cell sovereignty type type of concept. The state of wyoming we do those things for breakfast right i mean its its normal day of course for us but in other states are such wild concepts and its its going to i dont know if its wild for me to hear about the regulatory scheme that other states but it was somehow controlled or there are set of sense and the state of wyoming which is a lake all alone so if youre not here like i said max if youre not here going to. Oh did i notice how you very graciously avoided the question of how long it would take me to learn how to ride a horse i guess because it doesnt seem like its even possible thanks so much tyler im filled with confidence now all right no only joking thanks for being on the show it sounds fascinating well check in again sent thanks for being on kaiser report it you all right well thats going to do it for this edition of the kaiser report with me max kaiser and Stacy Herbert want to thank our guests tyler lynn tome hes over in the wyoming house of representatives john again touch with us on twitter its guys report and the next time is by yall. We go to work you straight home. Is youll be a reflection of reality. In the world transformed. What will make you feel safe. Isolation in the community. Are you going the right way or are you being. What is true. Is faith. In the world corrupted you need to descend. To join us in the depths. Or remain in the shallows. Its all. Right. You guys are already mandate playing. The american citizens arming themselves saying its to protect communities after a week of Police Brutality riots the president say if the situation worsens hell do whatever it takes to end the protests. If a city or state refuses to take the actions that are necessary to defend the life and property of their residents then i will deploy the United States military and quickly solve the problem for them. While mr trump talks tough countries