States economy doesnt matter because theyve got the green light to see the richer seceding its its its its not right and yet thats whats happening well actually i want to say that this has happened throughout history and i think for me the United States most mimics but it mimics often like a lot of different empires that have fallen before it i think they spent 12 so far and this is part of that he said that the strap of a great power not wanting another to rise compared to rome rome had the same situation the people inherited an amazing republic and flourishing powerful nation that had our amazing architecture and building and thought and stuff like that and then it turned into a tawdry empire where the elite like just plundered the nation so the next bit from michael had since quote is ok now we have a trickle down to the population where there ransacking you know the shops on 5th avenue but where did the ransacking start right. And lets go back one step for the past 12 years this is something reporters talked about theres only one reason for a stock or bond prices to go up Michael Hudson said and thats because of the flow of funds into the stock market what had been supporting the stock market for the last 12 years was very largely stock buybacks by Companies Using their revenue to sort of close down their business disk invest and buy their own stocks to at least keep the prices up well whats flowing into the markets right now this is something youve talked about a lot that this stuff buybacks is hollowing out that its plundering the Balance Sheet of these companies of these publicly listed their public stocks the wealth of the nation is being plundered the last dregs of some exits down credit so theyre getting challenges from the Central Bank Im not reinvesting it in the cap ex theyre not reinvesting it in wiring people theyre not building plants theyre buying back their own stock boost up the value their Stock Options and theyre systematically going to just bolt that well hear from them anymore because theyre leaving a carcass what we see on the streets of new york city is pretty much going to be the new normal the streets of new york ok lets continue with this sort of analogy looking at the symbolism of lady liberty and you know that lady liberty has that tort of course that torch used to be able to climb up to it but you havent been able to go into that torch since july 1918 because of the black tom explosion black Thomas LittleArtificial Island just off of ellis island where the statue of liberty is and it was blown up by the germans in 1916 during world war one and because there was a munitions there and in fact one of the the boats ready to ship off with missions to the allies and in europe was filled with munitions for russia that the United States. If thing but the explosion was so huge it was at the equivalent of a 5. 0 Richter Scale earthquake in new york and was felt as far as way as philadelphia but remember that whole world war one that was the end of the last them pyar that was the end of the British Empire they were fighting off the german rising power and the world was chaos for decades during that whole period but where did this looting start how did the looting start from the very very top because weve gone from the people looting the shops to the merchants essentially looting their they looted the wealth of the nation through stock buybacks but how did it all begin and you know with this transfer of power and wealth between nations that weve always seen in the past for the previous 12 passing of the torch between empires and great powers the United States uniquely gave their power away themselves because of their own nobility because of the privileged class and theres a fantastic articles very long but im going to pick out some of the segments and you should go read it yourself look this up its on unheard dot com you and h e r d cove it has exposed america as a failed state its hard to view the u. S. At this point as anything other than a cautionary tale you know they go over the fact that the u. S. Has blown 5 trillion dollars on pointless wars in the middle east and mostly driven by you know the liberal intelligentsia like clintons like blair is like Rachel Maddow like those sort of people who are saying like were going to spread our democracy and instead has blown the wealth of the nation and the ability of a nation but now it wants the world to join in the fight against china you know you see where were now and almost hostile war with china were banning even flights passenger flights from china not because of covert 1000 because we dont want Chinese People here but they point out that the truth is that globalization the central political dream of clinton and blair obama and cameron was never real it was. A process by which advanced western economies unilaterally surrendered their manufacturing capacity to a rival growing power china which instead of research or creating according to the panglossian calculations of the neo liberal theorists practice a traditional and ruthless mercantile ism in pursuit of its own interests never mix globalism with mercantile as on. And up with mark until as im right so america as you point out they had this ideal the 3rd way the globalization the neo liberalism the washington consensus that all other countries would be happy to send as an equal amount of goods and services that were sending them because they like us because they enjoy tom cruise movies because hollywood but these countries you know what i think youre going to give us all of your manufacturing well keep that and well take Everything Else too so now here we are 2030 years later and folks are beginning to realize that to restart a manufacturing economy here in america is going to require more money than was required during world war 2 but wait for it the countries are already 25 trillion in debt oh oh oh oh oh but when you look at the news when you look at what is being presented as the resistance as the response to this ongoing term while but the collapse of the american system you know mass opioid overdoses the mass death the mass anguish theres obviously death the despair theres something going on that nobody wants to look at certainly in the elite but the looting that is nonstop in this economy was intentional as they point from this a quote from michael lind in the tablet he said politicians pushing globalization like clinton may have told the public that the purpose of nafta and of chinas admission to the world trade organization. Open the closed markets of mexico and china to American Products made on american soil everything from corn to chemicals to computers but you asked multinationals and their lobbyist 20 years ago knew that this was not true their goal from the beginning was to transfer the production of many products from american soil to mexican soil or chinese soil or to take advantage of foreign low wage non union labor and in some cases Foreign Government subsidies and other favors some people have gone this protest across america right now bolshevik reza revolution to kind of make a reference to the workers uprising that we saw in the old the imperial russia and youve got a new imperium here in america of elites or can tell you theres an the worker something realize that wait a minute we dont want to live under a dictatorship we dont want to live under a monarchy lets have a good Old Fashioned bolshevik revolution which is what seemingly happening from coast to coast you know the population saying just voted in by you then by even was part of this 20 years ago he was in power he helped china assented the they knew they are intention was to undermine the American Population by aggregating wealth for themselves by sending these jobs overseas so you know that is not the answer to looting has to stop and looting at the top has to stop 1st. If you vote for by the way smart they are going to take a break and when we come back much more coming your way. And. I dont know if it was Government Official of the president i dont have. Facing the system i see so im just the system designed for people like. This. Different for different reasons. We also have. People in philadelphia ballot 2 paychecks away from homelessness. Street home. 54 jets and more than 1300 military personnel are headed to air force base in alaska where is that to say come on ill show you whats the reason for any type of enhanced u. S. Military presence in this area rush up. What is it suddenly about the South China Sea that makes it so of added 11000000000 barrels of oil. Take a look at this map who really owns what kind of says no it belongs to us india says no we claim that that belongs to us both of these countries have Nuclear Weapons capabilities there is reason for concern so thats why were going to drill down on this story for you today. Right here on the news or where you know as we always like to say we do believe. By golly its time to do news again. According to several sources fleecing the United States from 2 to 4 people every day. And. See. One of my being arrested for a response from me and. Its just their little world establish they developed just us against them its. A long history of 2525 years as. I read this from someone told me. There was a corruption inside of the police but i think the culture is. Still. At the. Moment. You know. They can to get to. The. City they say yes. He. Yes. So what weve got to do is identify the threats that we have its crazy. Let it be an arms race. Spearing Dramatic Development the only really im going to resist i dont see how that strategy will be successful ready. To sit down and talk. Welcome back to the kaiser report imax keyser time now to turn to caitlin long of all vonte bank located in the booth and to state of wyoming caitlin welcome back days max its great to be back technically were not back and yet were technically entrepreneurship we are applying for a bank license that is a. Big heavy lift as im learning exactly so lets talk a little bit about it youre applying for a license for a bank in wyoming tell us about what youre trying to do over there is it a big point Friendly Bank what is needed the bank what problems doesnt tell us more well yeah its interesting to have someone from this community or me a bank but im doing it in part because this is something we need we need a Regulatory Compliance bridge to go back and forth between the Digital Asset industry and the traditional Banking Industry and there are a handful of banks in the United States that service the industry theyre pretty well known and some are gate signature much boss and in fact actually just last week j. P. Morgan it came out is its now sir big enough to 2 of them i think its quite a base and. Gemini got through the j. P. Morgan trust us so you may be wondering why on earth do we need more well for one thing the f. T. C. In the us does not allow banks to broadcast the services for Digital Assets and so what that means is that all the banks that are providing cimon services that small number of banks that are providing peanuts services cant also custody Digital Assets and you may be wondering why does that matter at the end of the day it matters a lot because you want to be able to set to settle the payment and Digital Assets legs of trades subtlety. This is one of the big reasons why didnt quite have taken off it really kind of in some ways be true of the killer app of this technology ironically traced. And were starting to see now this is occurring daily volume is on something some days its pretty close to the big client. Trade and thats because east least stable quines actually chance that a home simultaneously against crime and other Digital Assets and u. S. Dollars cannot and while youre forced to segregate the banking relationships into a different legal entity then where it is all assets are held it means that you actually have to several groups of those legs sequentially because you do you know its a different entities suddenly the traits so its Counter Party risk theres a lot less trading bossidy lot less liquidity coming into the equation other Digital Assets as a result of this problem and thats what were trying to fix well theres actually 2 parts to the story and one part is oh yeah theres a need for a big coin Friendly Bank and youve just kind of articulated the case for that very well the other side of the story is that wyoming itself the state of wyoming looked out across the america and saw a little state called delaware and how much they were successful in becoming the go to place in america to incorporate for just about every company in america is incorporated either in delaware or nevada and wyoming could become the go to destination for this new way of this new technology thats new you know a lot of people compare big coin to the where the internet was in the mid 19th ninetys right before it became a multitrillion dollar industry if wyoming got a piece of that business wyoming would do phenomenally well how it ends so and you say youre in the process of getting this bank through. Oh did the legislature and the politicians in wyoming understand that this is probably a once in a century opportunity for them yes they do they absolutely do and you know thats thats thats why weve done what weve done weve had 3 legislative sessions in wyoming and theyre now up in 20 different laws. All of which are enabling the only one thats prescriptive is the bank charter and what i mean by that enabling legislation is is what even i think most libertarians are current you know an artist types probably saying we dont need legislation at all natural locking cant control what most i think most folks would would agree that its we have enabling positive legislation that says we have a right to do this thats ok as opposed to the restrictive legislation that says you cant do this and heres why we do obviously have that in the bank charter because in order to be able to plug into their Payment System you have to comply with the standard set but its not a reset or every bank has to do that thats just a given it is what it is but ill be very legislation when it passed is enabling and it is decided to track this industry here and why folks are coming ironically i think given everything thats happening in the world more folks are considering actually moving here as opposed to what most folks do with delaware which is use its was but dont actually live or do business there i think were actually starting to see both want to move to why dont its interesting theres a tremendous the population in the cities now people looking for a wider space and certainly i think you got a lot of empty space for sure now you mentioned j. P. Morgan there for a 2nd i want to focus on that so Everybody Knows whos been following big corner j. P. Morgan the last 10 years they started off as bitter no coiner. So as we say theyre very much against this idea because and then gradually over 10 years jamie diamond finally you know it took him awhile to understand the learning curve you know its not easy to understand because jamie diamond maybe a little longer than a lot of other people but he finally i think gets it now so now he is trying to make some money in this business but isnt that i mean so your efforts in wyoming seem to a forced the mainstream banks in new york to kind of figure out that hey we dont want to lose this business now youve got an 800. 00 pound gorilla in the room and jamie dimon potentially stealing some business right so isnt the urgency doesnt this make the urgency of what youre doing in wyoming that much more urgent caitlin yes it does and ill Say Something with your stuff heres a little secret everyone looks down at the new yorker especially look down on why when they read it you know what can what can way only work in that small rural agricultural state do challenge new york well guess what we love so much faster than new york we have legal clarity on Digital Asset transactions theyre legally enforceable in the state of wyoming in fact s. As we talked about and i was asked on your show what he has given the same person who bought treatments for digital converter currencies it wouldnt be quite as money under commercial law does that mean it doesnt mean the big question is legal tender we didnt try to do you gotta realize the Us Constitution we couldnt pull that off all this legal tender in miami didnt do that it is gold mentioned in article article one section 10 of the constitution that we did it but needless to say we did it when we basically said if you cant be legal tender then its the same title its called super negotiate melody that means that if you actually get a big claim you take it free of any adverse claim so somebody else has claim to that point if a lender put it in the map when for example you didnt know. About it you took it free and clear that me and right now you may be wondering well what it means im but why would i why would i care well there are people now finally starting to put liens on between because equator being i doubt and thats what wonders do they lean on the leaves. But historys mayor lacks a point out were not necessarily solving attack after today were looking skating to where the puck is going to be digging about ready to actors are going to come from one of them could be that big crane is a 1000000. 00 yes what now suddenly you know plaintiffs attorneys start coming after everybody and saying hey youve got a big point that somebody had a read against and now its my and then trying to take it away from me those are the kind of attack actors that legally are there and were trying to shut them down back to j. P. Morgan if you get that were tax here maggie have to try to i only have to move jenny words or wyoming and so we have a huge advantage and in fact actually thats the only reason to be honest why these new Bank Charters would be under consideration or getting access to the feds instead and thats because we have legal clarity to digitalize the transactions and why only there are no other states that have done it and until they do it their banks cant access our skin and because they dont have that really fundamental pressure which is are these assets legally enforceable and what happened to the event one of the banks goes down is the bankruptcy and god awful mess or is it really clear because we dont sadly have 0 to treat these assets into bankruptcy that stuff is critical its its sort of the base protocol layer of the legal system and it doesnt exist in any state on the way i mean and thats why we can get our banks you have a reasonable shot at getting getting access to the planet system so if i see jamie diamond riding a horse on park avenue ill know what thats all about so listen i want to ask you. Questioner you mention gold and you know let me set this up here i know that re hypothecation is a big concern of yours and something weve talked about before on the show it was in the news recently when it looks like the e. T. F. That goes by the symbol g l d is now reporting some bank of england gold as their own so you know really hypothecation meaning that the same massive loaned out many times without any oversight and apparently this is whats going on with bank of england and the e. T. F. G. L. D. Do you see this becoming a problem with bitcoin well if. The market do more adverse financialization that happens. Thats why i have actually been pretty critical of some of the lenders the big question Lending Companies that are out there saying you know we talk a bit theyre doing the same thing mccauley it is it has been done to gold its funny when i you know were talking about that from a couple weeks ago we engage in some private messages that you know this is people been suspecting that this is true and that in the go a market but you get a little snippets of proof along the way and that was a pretty big red cross that proved that in fact actually there are multiple owners of the same collateral and you dont know how how i may ensure law is your are your gold if you own it in paper form you dont really know if if if theres real collateral d backing out and the same thing absolutely can happen. And thats again why the wyoming laws are structured the way they are i believe in clear Property Rights in rehab hockey said just just obfuscates Property Rights it you can have 2 or 3 or 4 or maybe 8 or 10 different parties reporting in their brokerage statements or on their Financial Statements all of the very same asset when if you collapse it all down. Well theres really only one of those assets and thats that thats a problem and so we believe in good fences make Good Neighbors anyway i mean we follow what was effectively a civil war in wyoming the Johnson County cattle war over can you fence up your property and defend it against adverse against adversaries and the answer is yes you know answer the west happened and it and that was literally a battle over whether you can enforce your Property Rights and believes pretty strongly that you can and should enforce your Property Rights claire i came along thanks for being on the kaiser report. Well thats going to do it for this edition of the kaiser report with me max kaiser like to thank our gas long long over there in wyoming on a bounty bank project coming soon hey catch us on twitter its kaiser report until next time. According to several sources felice in the United States kills from 2 to 4 people every day. And. What am i being arrested for. Is just their little. Establish they developed just us against them. Along. 2525. Or have to shoot someone holding it. There is a corruption inside of the police where the culture is. So what weve got to do is identify the threats that we have its crazy. Let it be an arms race. Spearing dramatic to follow only im going to resist i dont see how that strategy will be successful very critical. To sit down and talk. You cant be both with yeah you like. Star was. A dolly is what i was being. Carried over here we care the music with us. We are here we were dragged here. By you know going to get rid of those who are not go away who will not die quiet. Real the heart of what we do is the truth. Ah the best places for major demonstrations coming up over the death of george floyd this weekend leading Health Officials and Civic Leaders worried that the crowds will cause a coronavirus spike. Protests in neighboring mexico over the death of a man in Police Custody reportedly arrested for not wearing a mosque in public. And Facebook Stock is flooding up pages it considers to be state controlled media including l. T. It also then goes on to ignore other outlets which government funding