The Interest Rate apartheid later in the article oh yeah well i mean so the set up is quite clear theres the big gap between the have yachts and the have nots you know is getting wider and. The its not hard to figure out why and. Craving social unrest and other Central Banks are at the root of it and gel tell us more yeah so were going to look at some of the data max and. You can see in this that every time theres a financial crisis the central bank comes to the rescue and the central bank comes to the rescue since 1071 because they can print money they can print their own currency unlike prior to 1071. 00 that their currency was backed by gold or currency at least on an International Trade account unit so here we have a situation where theyre printing money but its going to certain people and. You can see that in the data and when you look at the unrest out in the streets you know yes its caused by this situation the murder of george floyd but theres something deeper and systemic that is also that the anger is due to the inflation due to the injustice of the money printing so with this latest crisis weve seen an overwhelming number of minorities and women lose their jobs compared to white educated men who are think of the tech bros theyre working from home they have a really good right now theyre getting paid you know many of them are receiving the 1200. 00 stimulus check the data from the Federal Reserve shows that they mostly saved it because anybody with over 3000. 00 in cash already in savings the Federal Reserve data show that they didnt spend the 1200. 00 those with 500. 00 or less spent spent the entirety of it so you know that in terms of this pushing on a string where the wealth keeps on aggregating to the top no matter what the fed does no matter what the government does and what they found that is that even jay powell in testimony to Congress Last week he said the burden of the downturn has not fallen equally on all americans and said those least able to withstand the downturn have been affected most if not contained and reverse the downturn could further widen gaps in economic well being that the long expansion had made some progress in closing this is the same guy that the just days before his testimony said that the fed doesnt cause wealth and income caps and yet all the data released in the past week demonstrate that in fact theyve caused a lot of this crisis because of the Property Assets and the Stock Exchange going higher and Interest Rate apartheid oh absolutely and so look the American Economy is an economy built on consumption right 60 to 70 percent of g. D. P. Is consumption its not productions like germany or china where people produced up to consume stuff thats the American Economy consumption and that includes the consumption of credit to buy all that stuff and that means that saved. Things is looked down on you know me names like the paradox of thrift or the savings glut you know this is all about vilifying savings that nobody should have savings its better for the economy its just spend it all in a matter of fact go into debt well heres the funny thing about debt in this economy in america is that when a rich person pulls on debt credit pulls or credit you know they borrow money it costs them 0 or negative in the case of many people they get paid to borrow money as we saw it jamie dimon and j. P. Morgan when a poor person or a disadvantaged person or typically a minority person or particularly a black person is drawing credit theyre charged 2025304050 percent 60 percent oh a payday loan thats 2000 percent so thats the Interest Rate apartheid that is guaranteed while thing come in balance its guaranteed injustice its guaranteed to cause all kinds of social injustice and violence in the society because you are poisoning a huge group of your population with high Interest Rates and forcing them to consume right at the same time so youre centrally got a mandate to end up in debtors prison or puny or serfdom thats a guaranteed. Guarantee thats the American Dream at this point well the American Dream of course is that Horatio Alger myth that anybody could rise up and become one of the elites and one of the wealthy and of course part of that is owning a home so heres the data from the Federal Reserve that everybodys talking about online which shows how they can tell in effect drives this and equality in terms of whoever have their home in 1971 because even the data here in the sand b. C. Article they dont mention 1971 what happened then but they actually trace that back to 1970 so in terms of this inequality. Household wealth the median price for an existing home was 287000. 00 in april up more than 7 percent from a year ago according to the National Association of realtors these gains have dispersed portion only gone to the wealthy and White Americans while 72 percent of white households own a house a key source of Household Wealth thats true for 42 percent of blacks and 47 percent of hispanic households the urban institute said this gulf between white and black americans is greater than at any other point in 5 decades according to the report what happened 5 decades ago in 1970 what happened after that so from that that was the wealth the money printing has created it it doesnt create real wealth but in an asset based economy like our own a financial eyes the con me it puts the cash the capital into the hands of a few so transfers wealth sony divorce the economy from a Gold Standard and you go on a pure a few money standard and you have the creation as we saw during the reagan years of the Derivatives Market and the separation of risk and reward you have the ability for these top bankers on wall street to separate risk from reward keep all the reward and dump all the risk into the poor neighborhoods right so thats yes thats part of what weve seen in the Financial Engineering sense the eightys and has caused a sink incredible wealth divide you know when i hear the phrase black lives matter you know i think what i what i would like to really understand is what i say jackson is talking about in big coin of black america is that black america will never be equal to White America they will never have justice and White America the only thing they can hope for is individual sovereignty and the only way to get there is through savings and bitcoin is the best way to get there but lets look at this system here because it favored those who can. Who have the assets in 1071 we just covered this in a recent episode here there are data showing that even to this day it continues so we could take down every single monument that exists in the United States we could you know create new holidays we could have corporate new logos saying that we support minorities black people women l g b t q we can do all this but the fact is this system no matter what we do no matter how we try to rescue the economy save the people the pandemic is happening trillions of dollars must be printed the way the system works basically the fed can only give it to white mostly white bankers on wall street they get it 1st prisoner 0 percent everybody else gets it you know if you think of a river that starts at the top of the himalayas as fresh clean lovely water at the top by the time it gets down into you know somewhere in india and im crowded city its polluted its dirty its horrible right well thats what happens to the money system here but it happens generationally too so another bit of data that came out this week in terms of the generational thing is quite remarkable and terms of comparing generation the boomers to the next generation generation x. To milan eels so the millennial is the oldest melanie els are 39 this year so they look at the data of how much wealth. As a percentage of overall wealth in the economy millennial zone today at 39 years old then they compare it to generation x. That when they were 39 and boomers when they were 39 boomers owned 20 per one percent of u. S. National wealth when they were 39. 00 generation x. And 7 percent when they were 39. 00 and millennial is when theyre 39. 00 today they own 3 percent so again this is that whole the cantillon effect the Interest Rate apartheid all of that stuff because a lot of the Interest Rate apartheid comes from the fact that you know the Credit Rating so minorities women tend to have lower Credit Ratings than white educated men partly because they had the assets and the wealth in the back in the in the 1st place when we went on to this system to build up the credit and to make sure they always had cash backing whatever you know loans they were taking you know its funny because im a white male boomer whose career is on wall street yes ok i am i dont want to point thing i am but ground 0 for this entire wealth and income gap and for this Interest Rate apartheid and im saying. Without equivocation theres only 2 ways to restore justice one would be to raise Interest Rates 500. 00 basis points immediately so you get short term rates back to 5 percent so that there is real savings and capital in the system or everyone who is on the wrong side of the Interest Rate of part time wall needs to start saving and they can do that in gold coin and because it is better thats thats not no statute chairing down a statute does nothing marching in the street does nothing electing people to office that you think are going to help you does nothing none of that works im telling you as a white male boomer wall street careerist that i left i would laugh at that as my brother and would do it does nothing its again like i say it jackson says exit the system you can exit the system because Interest Rates thats their funny money thats their fee out system and whatever they want to do with their system let them play with it and let them raise Interest Rates let them you know do whatever the fact is you have to exit the system because the system is inherently in jobs we need to exit this course of the show and take a break and let me come back much more coming your way. Too soon to say many of the protesters on the streets of america want social justice nominally speaking thats a positive message. The problem is how about a message is translated into concrete political demands and what it happens if you dont agree with those cultivating it. We start to add to. Your need for good in each other than the human body. But on the but im going to the book on the soul that this isnt just. Me Emotional Learning t. M. Must go i feel is totally stuck or the muscles in the media which uses to. Chill the fuck should. We think he minds be soldier dickys off the boot shes wearing. So much the sole looks to move the opposable opinion more than with. The show stuck with summarizing the Previous Post sort of us hold. I dont know who welcome back to the kaiser report im max kaiser time out to go to michael. Park dot com michael welcome back great to be with you and stacy again max michael last time we spoke the fed has been a historic printing frenzy buying a. T. s and now individual Corporate Bonds your thoughts right impulses that i guess everybody should know now that the status traps along with every of the central bank on the planet were about to get harken back to will be the great tapering of assets that was supposed to bring us back to normalcy we went through 800000000000 just for your children down to 3. 7 trillion on the fence daljeet and the wheels fell off the economy i want to make this very clear to your audience that the state was back in. And cut rates 3 times trying to anyone hearing about who raised cope at 19. 00 so lets get that clear so we didnt go back to normal we can go back anywhere near 800000000000. 00 where it was 12 years ago as i cracked it knows 12 years which are 800000000000. 00 to 7. 00 whites who truly are 7 trillion to 100000000000. 00 next and there is no way this ballsy is ever shrinking again because theres that now oh. Lets just think about rights of this crisis the kind of isolated bubbles they engender housing bubble which were that it jen here now as they will now the fed owns the treasury market the muni mortgage a Corporate Bond mortgage junk bond or get still a mortgage and by proxy the Housing Market and the stock market. They are never going to drain that Balance Sheet they home these markets and the moment they step away we are going to trade faster and harder than ever before price of the Federal Reserve now is roughly 30 percent of americas g. D. P. Pay and theyre on track to own 100 percent of americans today pay how is that different than feudal lords of the middle ages who wound a 100 percent of the economy and everyone living their own were basically passons michael in x. As you were very well aware you know the pope at 19 partners outbreak exacerbated every transient gap there was and every problem that we had extends before the virus breakout so the middle class is being a bit straight at a rapid pace the gap between the very rich and and very poor is what wire and why are wall street is approaching all time record highs and yet we have 29000000 people collecting Unemployment Insurance i know the Mainstream Media will not tell you the real number will tell you 20000000 but you have to endemic unemployment assistance theres nothing 1000000 people collecting he you as a insurance it is your together he gets 109000000 people that still are unemployed this country if you jump off the Empire State Building and land on a trampoline youre going to get a small pots but youre not going to get pounds any right near where you jump off so thats what youre seeing right now in the economy youre seeing a significant bounce from 0 and then you can see this plateau or a reverse were rude something or e v shaped recovery thats in desperate need if i add this is a very very long and protracted problem we have in this country and as i said before and i want to make this very very clear what you saying on wall street is fixed is complete fiction its a fiction created by Central Banks. And has no symbols of reality to whats going on in the underneath you know underlying economy right well now the best performing stock markets in the world are venezuela bob way and surround iran thats because theyre under a currency collapse so can we construe from the rally on wall street and the s. And pand that the act that in fact that america is experiencing a hyper inflationary collapse will it certainly stagflation or it collapses not hyperinflation in my opinion because you need a currency collapse against others yet turn seems to get hyperinflation but certainly were headed for stagflation know it boggles my mind let me ask you max are your opinion i mean how much warmer can we have stayed in paper currencies across the globe you know were supposed to drain the spreads Balance Sheet down to 800000000000. 00 its 7. 00 trillion is going to be 10 surely its on its way to maybe like you said 100 percent of g. D. P. Or one teacher you dollars there is no going back i mean why do we believe that this Federal Reserve ever said were the value of the u. S. Dollar these are very hard assets. How much longer secular ways i dont think its going to last i think as you point out the structurally the situation has broken and its a company dumpty cant put it back together again theyre in a trap as you say their only recourse is to keep printing and to keep buying these stocks and bonds and they are in effect take me entire Economy Private with a leveraged buyout from the bankers at the Federal Reserve bank and their attitude toward its to 150 or 300000000 americans. That theyre the new peasants and they they really have no rights anymore and when i say the dollar is in a hyper inflationary collapse i do mean against the only sound money in the world today and that is core of course is bitcoin so against decline the dollar is an hyper inflationary collapse so but but to your point i mean my answer would be that theres not theres not going to go back this is the new normal and were back to feudalism i call it neo feudalism but you know general powell over there at the central bank the fed you know when he was asked point blank are you causing inequality and despite all the evidence that he is he would say no now is see a pathological liar be a moron see both i was here to say all of the above what i write. Its the you know i was i was watching a challenge in the channels need for the individual but its a station where i was through off ok thanks im sure there are regularly twice a week for many many years ok about the collapse of the housing bubble but this person said that the stay. Is not need believe in the markets because theyre not buying assets oh oh the mortgage. Well i mean i you can actually stream to the television i said but you all are the market i mean what why would this 10 year treasury note be right now its 70. 7 percent what did she and your treasury dont beat on its also remember back in march it was we re percent and shot up to one percent where people started losing faith in the solid c. Of United States so if you have an insolvent nation and you have a 2 perhaps you 2 Percent Inflation target. In that nation what would attend what should be a 10 year note treasury be should be 0. 70 you take this to japans well i mean should should the japanese 10 year note be 0 percent with a quarter trillion yen in debt and its you Percent Inflation you know you bring up anything plain about Mainstream Media and how they treat this crisis and whether its c. And b. C. Or others that are in the mainstream who are seemingly purposefully obvious skating the reality to carry the water for a corrupt washington a crop central bank what when it really becomes obvious michael is when a situation like hurts the valley where the company is bankrupt and they plan on selling stock in a bankrupt Company Stock been done before and the response by sandy same bloomberg wall street journal is to simply throw up their option say well isnt this novel isnt this strange instead of being like a regulator that way warn people against tainted meat or they found arsenic in the aspirin you know theyre supposed to be on the consumer side to prevent the Consumer Fraud but they seemed their attitude be like well the consumer and hurt said if anyone buys a stock there are a moron that i paraphrased the statement in their offering document but thats pretty much what it said these regulators are just hope holding our guts and laughing like ha these robin hood abs one of the guys committed suicide is not a larry asked hopeful about were were. At any point kids to kill themselves here yes you say theres about 40 of us and the same basic anchors are laughing and slapping and carrying on like lets get all these kids to commit suicide its disgusting michael pentel your thoughts and maybe the Pension Plans are buying this stock because they cant make any money if you want to buy a a treasury bond or muni bond youre going to make your 7 percent or 8 percent per annum a requirement here you have your assets in there its your obligations are now 20 percent in many. Joint were sent funding re max so maybe you as a pension holder or betting that hurts a bank report ration can issue stock and make you whole and this is this layer is right at the doorstep its rather what mr powell you know heres the thing is going to happen we have a dramatic this cliff coming in the fall ok you know we had its reach 3. 00 trillion dollars of. The pendennis relieved then they house just passed another 3 trillion dollars package that has yet to be approved now hope more is what it sure is dollar infrastructure package i mean how much more debt are we going to ed what is assuming that we have some time semblance of this bill sat in Washington State and were not going to have any more of these packages and then youre going to have the p. P. P. Loans where the 6 100. 00 extra. Unemployment insurance runs out its well 100. 00 every man woman and child and men who i should say. That did make over 198000. 00 a year so if youre married filing jointly you got 1200. 00 each 500. 00 per child in your family all that ends that is spent and thats not a big jump we will. Be hitting a triple a quick bounce and then youre faced with the. And gigantic this booklet and then another one in january when old the same Women Insurance runs out illegal extended and its an item that the said modern times will. Now really look like zimbabwe or leave her some reality and have a devastating depression listen to watch this program turn off c. N. N. B. S. Turn Mainstream National media and watch the kaiser or i am telling you the this is thats why the lights are on that we were there is no war going anywhere or anything all those asses im bitching are all fictitious theyre all based in predicated on massive monetisation from the Federal Reserve being. Reaped went 7 trillion dollars in the last year and they have to keep on printing and monetize all this debt were going to have a deflationary collapse or eventually well have stacked legionary. But one things for sure were were off the reservation and things are very far so normal please watch the cries report not see it b. S. That right on bro you know let me get a comment something cowpers the biggest Public Pension Fund in america there in california you know they are always been the joke of austrian wall street tends to park all their risky toxic risk into their cowpers and other Public Pension Funds i know and i work on wall street and never had a bad trade in just dump it in a Public Pension Fund and they never know the difference they have been underperforming for errors and now they say well to try to make up for are going to go on leverage were going to start trading on margin. I think the Pension Guaranty Corporation is going to have a lot of work to do d in the very near future thats yes fan of michael pence. Penta pork dot com thanks for being on the kaiser report thanks for having me back on and thats going to do it for this edition of the kaiser report with me max kaiser and Stacy Herbert i think our guest michael pence port dot com if you want to catch us on twitter its kinds a report next time. Join me everything on the alec simon chill and ill be speaking to guest of the world of Politics School business im show business ill see you then. 54 jets and more than 1300 military personnel are headed to heal some 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 russia. 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 the story for you today right here on the news with rick sanchez where you know as we always. Say we do believe. By golly its time to do news again. Whats needed national will discover you know when he believes in less than that solicit it to prevent. Her from the regular morgue youre more your partner do for the right. Oh. Water source a cure all but us lucifer mistletoe is just that im like i dont im just. Is not my achievement mr davies are 5 beautiful lands were conceived and carried out by the people themselves if they would produce or even flirted with the idea of making a film like this theyd probably be branded as crazy. And that was the sentiment during the war the soviets were brave heroes resisting the nazis thats going to change of course after the war but once the cold war begins. I. Think that hollywood is if its really what is strictly defined by the business and the other side is ideology. How would i define hollywood is they call it the dream manufacture which i thinks true but i think equally its a problem in the fact. That. Congress from romania clashed with police in the german city of getting it over the strict team in the tower block following an outbreak of the farce in that community. The coronavirus pushes many small italian businesses to the brink of bankruptcy with increasing them. Not reopening their doors even though. This was our only job for 3 months weve been continuing with the money we had and i cannot continue because we would risk going into more tent. Leadership brain due to the blocks