The lobster for Independence Day to celebrate america because u. S. Moves to protect lobster industry threatens tariffs on china i dont know why the tariffs on china but nevertheless theyre getting blamed for the fact that the pandemic has caused the collapse and consumption of lobster which all comes from maine and canada but a lot of canada apparently has some trade deal with europe and theyve sold more of their lobster to europe and so we have an excess of lobster and we bought some from me and i got shipped overnight from maine so were celebrating having some lobster yeah overnighted lobster from maine is delicious and you know lobster is just one part of this global commodity breakdown and they look at the commodities commodities told different stories them stock markets and bond markets right stock markets and bond markets responded money printing in a big way and not so much in the commodity market so the oil market the gold market the agricultural markets Coffee Market lobster market like they actually reflect more of the supply and demand of whats really happening around the world theres more of a price discovery in those markets not perfect but it is better. Then you find in the Financial Markets so with the lobster market being disrupted in this way kind of shows how youve got these trade wars that were now this consequence of currency wars remember for about 10 to 15 years it was about a currency war because china pegs with currency to the dollar and they do so in a way to try to export their way to financial great best at the expense of america then trump started the question that and now were into more of a trade wars and according to our friends youre also want to of course currency war leads to trade war leads to hot war you know and you see on the on the periphery a little hot war happening here and there so i guess thats where we are in the cycle yeah and of course you know it being independent say we had independence from the british monarchy from taxation without representation and now of course weve come full circle because we have the taxation without representation which is the inflation caused by the Federal Reserve bank so nobody really understands what it is is its very well hidden this is not transparent we dont know how big their Balance Sheet as how much our money is being devalued but another now canceled founding father who was George Washington who you know i think were still allowed to say is name but nevertheless he did say that we should trade with all nations no foreign alliances or to entanglements like lets not get involved in other peoples wars lets not become an empire and of course we are here now as an empire so i think you know a lot of people naturally think like you know were number one which means the elites are number one you get nothing because once the elite have an empire they dont need the domestic population they dont need the consent of the population because they just plunder from overseas right they take the Iraqi Oil Fields they take the Libyan Oil Fields they take all that stuff and they control and dominate through like the dollar reserve system and they dont need the people and you could see that instinctively. A you know it maybe were not articulating it maybe many people arent articulating it but what they feel is theyre not needed you know just thinking there when youre talking about the fed and the inflation and how its detectable its like you know the people who die from gas coming from the oven or gas leak because the gas is odorless yes and so for safety purposes they add an odor to the gas so that people would wake up and say oh my gosh you know were dying because of this gas leak you know the fed should attach an odor to the u. S. Dollar so that when it arrives in your paycheck when you go to the bank you go to the a. T. M. Machine its thing really ran civilly to alert you to the fact that this is actually debt thats being pumped into the system to debase your livelihood and debase your family and to debase your quality of life and to debase your humanity it should really stink badly and you know how we domestically we have so many laws that the average american commits about 4 felonies a day if if the government feels just like the days of the monarchs you know the capriciousness not enough and feels like on a whim deciding to destroy your life you see that all the time and you saw that with the fact that anybody around trump could be destroyed based on relatively minor procedural thing right so the same thing internationally were saying like with this lobster story its like we have so many sanctions and so many layers of tariffs and and things youre allowed to do and who cant do that and youve crossed this thing and you know theres so many. Ways to punish people whether its in the past you punish bank parable all the french banks got billions of dollars of fines on them because they traded with somebody we didnt like things like that but again like once the empire is over and if you look at europe i just mentioned france like if you look at france and you read the history the ordinary french peasant the bottom 99 percent lived horribly while they had a huge empire you know across the world much of africa. And they had a horrible life now they have an amazing life the french person takes like 8 weeks vacation here they take the whole summer off they they have 2nd homes they eat so well they they live well and thats because the government is afraid of the people and why are they afraid of the people because they now need the consent of the people so you know this is a government we clearly in america no longer the government doesnt feel like they need the consent of the people right the people to better if the country that theyre living is not an empire yes you know think dickensian england of course happened during the english empire yes right so in america and slums that are growing at propitious rates because america empire right because its easy for the top to stay feet everything and leave nothing for everyone else america would be better off if it was not an empire so the collapse of the u. S. Dollar will be painful for a period of time but what comes on the other side will be i think a lot more amenable to most people well if it is amenable down there is good news and the headlines over the past week because it looks like d. Globalization is picking up speed the volume of world trade plunged a staggering 12 point one percent in april on an annualized basis and has now fallen by 2 trillion dollars in just one month with a new v. Shaped rebound in sight there it is looking pretty bad right now heading into a global depression which as we are saying here might be a good thing because values come back in other words during a period of Global Expansion whats the money balance go out the window and conspicuous consumption becomes the most obvious way people display their characters to each other and now in a global depression that are reading into now that will be gone and we have more a bally use and so people baking more at home knitting more than crocheting doing blanket weaving this is talking about his life as well as doing the knowledge of knitting a huge American Flag right now and a macro maying some. Curtains right so. Baking kiddo baking like a frickin expert at these days so but thats actually a good thing you know there are people i think more are more comfortable with the world based on human values than not conspicuous consumption so itll be kind of painful for a while but at the other end of this will be something a lot more humane and enjoyable as humans well were going through a puritanical hysteria america has this often its in our you know in our d. N. A. Even newcomers to the country mom you know my family didnt come here until like 1918 in the 1920 s. So were newcomers where despite that were still susceptible to the american thing of having puritanical hysteria as every once in a while and hopefully you know that will pass into Something Better but in the meantime were having this puritanical hysteria and a race share of memory but still you came after the salem witch trials you know my family arrived here around the 1730 years yeah so we were experiencing a lot more of the phases of puritanical hysteria that we experience here in america from time to time like were experiencing now weve become like this whole carin craze kerim is a puritanical witch hunter so thats just very american for this type of sudden outpouring of fx thing of the situation you know in. The public satan expunging you know what we call that a exorcism right so karen is trying to exercise the ghost of you know jimmy carter or something out there in the middle of whole foods clutching the last kito cup who knows you know you bring me back to the sixtys when we had the last huge uprisings across america we have the civil Civil Rights Movement and we have the exorcism member of the pentagon they tried to levitate the pentagon i think it was Abbie Hoffman led that. The thing and that was towards the end of that Civil Rights Movement and the Civil Rights Movement i dont think it was an accident that it ended once they started looking at the empire once Martin Luther king jr looked at empire once malcolm x. Was looking at empire that it wasnt just a mastic you cant just say oh were racist domestically and not look at our footprint internationally and that is racist so in terms of that we need to look at that systemic thing as weve pointed out the Federal Reserve bank but also the u. S. Dollar because to have the u. S. Dollar. Not only does that disadvantage to mastic lay the population the bottom 99 percent who dont get the free money printing 1st but it ness acetates that export being the sending overseas of your jobs like you have to have a way for the rest of the world to get dollars in order to maintain the system so you have to give them dollars and the best way to do that is to look at the least able to you know represent with the least agency in the government in the Federal Reserve the least power so you know when they establish the system so they they looked at the you know the rust belt used to not be a rust belt it was a flourishing Wealth Creation machine and that got shipped overseas because of course what that Wealth Creation machine did was member our wealth and income gap used to be way smaller back in the fiftys sixtys and seventys so they they saw that just like a private equity looks at a pension fund held by a company and they think we could take that thats wealth to be taken this is the same thing they looked at that population said lets take that send it overseas thats a way for them to maintain our empire that we can send you know build these military bases overseas that we could just secure for the elite that we can secure our wealth and our fortune right that while today theres actually a whole science by and they called the gini coefficient and efficiency tracked all over the world and americas gini coefficient if you look the stuff it was gapping wildly spectacular. Looking like a terrible situation but you make an excellent point there the only way to keep the us dollars World Reserve currency is for american exports jobs because you need other countries and other governments to create an aggregate demand for dollars you havent you need a trade deficit graft absolute need a trade deficit for the dollar to be a World Reserve currency and so that only benefits however the people who are in the debt packaging and debt creation business and that would only be wall street and thats why china everybody gets them wrong china does not want the worlds reserve currency because they see what you have to do to the population and theyre afraid of their population still and finally you know this all ties together of the rise of a new empire who is fighting it because they dont want the wall street is our currency but white house considers a broad federal intervention to secure a 5 g. Future the pentagon says whoever owns 5 g. Owns the world and thats china so here the pentagon and the in the white house want to see because there are no American Companies involved in 5 g. They dont build it they dont manufacture it and we dont innovate that so who are they turning to ericsson and nokia to European Companies asking them if they will find a way to their product is like 2 or 3 times the price of qual way so theyre trying to find a way to make you know it possible to introduce it to america the way those countries are socialists winds blow and post empire. Well were going to take a break and when we come back much more coming your way. You can be go with yeah you. So rumors isuzu. Suit shes going to be named chris in the film the new movie. You. Remember if you just cant stand for a book if you care that oh. Antarctica is a very International Community i. Mean a new strain of the truck with only 2 things to. Do this year the kids who face this still studies need to eat. For the position of the world food used to cook in brazil so their Nuclear Cooperation in antarctica is everything produced polluted with it in front of t. V. With a view of the. 5 they have i would have acted all day but i decided not to take peoples life. With my goddamn pet a few that. Welcome back to the kaiser report im max keiser time now to turn to richard fields hes the director of the institute of financial transparency author of transparency games how bankers rigged the world of finance welcome back richard thank you max and to having me back this past weekend the fed revealed some of the individual Corporate Bonds they have recently started buying our 18 c. United health comcast apple walmart just to name a few why is the fed buying the bonds of these corporate bahaman thread charts and said it is going those bonds to force investors into buying even junkier credit. What we have going on right now is there is a c. E. O. Market and i think you are aware of that has ultimate it john. Floating around in this in the fed wants to force investors react by. The studio who offer. This is all about pushing investors to chase you know its like reverse drug dealing as the you know drug dealing they have they start off with the good stuff and then they add baby laxative or some other thing to stretched out here in fad and see a wall street as i start off with the bad stuff and they want people to buy the bad stuff because its insolvent so Many Companies in america are insolvent 20 percent of about as a matter of fact of the s. And p. 500. 00 are insolvent so to get them to be attractive to investors they cut the bad stuff with actual all companies that are doing ok so it you know its there is why does the fed feel its necessary to could wake up america in this way why does the fed feel its their position to draw money from investors and pensions into a provably demonstrably rigged game in ponzi scheme richard because all of the banks in america particularly too big to fail banks are all in song if you think about the spend down and the high Unemployment Rate we have and the fact that everybody stayed home to socially distance that meant that a tremendous number of companies have no revenue and when you have no revenue you cannot pay your debt it also meant that there were a lot of individuals who had no income during this period because they were laid off. When you have no income you also arent going to pay your debt so if youre looking at your fat if youre looking at banks g. P. Morg see except what youre seeing is big insolvent and titties so what youre trying to do when youre purchasing the high grade credits like an apple credit is forced investors to buy the junk that is currently sitting on Balance Sheets of these insolvent densities 7 investor action is like David Copperfield running Federal Reserve policy its a look over here while i make the statue of liberty disappear its patently dishonest and you know when the american empire is now looks like its crumbling a lot of people on the sidelines have to get a big belly laugh out of it because theyre obviously just there its committing some kind of finance let me ask you this you know chum came into office with this maggot thing make America Great again. Any you know hes getting away from globalism and yet the fed is buying junk bonds or bonds from toyota involved wagon so how does that work youve got to remember we still have to bail out some of our allies and if you look over at germany they have this very large insolvent institution joint shrank. And this is all about helping to bail out the door each agree its ok so it says quid pro quo capitalism and fraud i dont know. How to know what his payday is for the us or hes just being you know made the law will go back to the fact that Deutsche Bank is the one who went to him all the money right right right there right thats right going to back with a bank or africa at blackrock the biggest asset manager in the world has handed the responsibility of buying assets for the fed theyre even allowed to buy some of their own assets hows this couple right or if the ultimate conflict of interest is to buy their own assets with the Exchange Traded funds they create these funds that they put all these lousy bonds in and then they sell them on to the fan explain if you wanted to have house sees that were bad for investors this is what you do this way the only investors who benefit are the blackrock and masters anybody who is not a black rock investor is shrewd for. Me if we go back by the way the cares act that was passed to deal with some. Code in 1000 in his signing statement for the act trump said the act requires some de minimus amounts of transparency were not going to provide them. So what you see is little peeks into how the money is being spent and were talking 2. 00 and a half trillion dollars where the fed was also kind of put in a box for truly you know who have rich so theres 6 trillion dollars of spending going on we have no idea really how its all been. You know ive seen images of people signing up again at teen outside jeff bezos house in washington d. C. I see a couple standing outside their mansions with the salt weapon this trying to ward off protesters in other words the people arent full by this theyre not fooled by larry fink of our black rock theyre not full by donald trump theyre not fooled by dont your bank tell yo to arafats wagon comcast apple or walmart 18 to your United Health ripping them off blind disenfranchising them stealing their a commie and returning america to a slave economy where everyone is i click farms trying to make jeff zucker but rich so i mean Mark Zuckerberg and the rich people all think they can leave before the guillotines really come out max ok if you go look at america right now theres a book on the New York Times best seller look list by stephanie calton saying that deficits dont matter deficit myth i think its what its called and its this whole idea of modern monetary theory that says the u. S. Is the reserve currency can effect of we print this much money as who wants it this point without triggering inflation. So anything that anybody wants is a program can be formed right but if deficit style got a richer how come america can make 50 cent masks we spent the last 40 years max outsourcing our action capacity to right i am as a result we crave if you go with dependency on foreign suppliers in a way that has rendered the us. Impotent yet what made you how this out there is no doubt about it now the interesting question is going to be as a result of all this do we reinvest in production in the us do we bring it back on shore if we bring it back onshore how will it actually look will it have. Roubaix doing most of the can stay manufacturing where well have individuals doing most of the manufacturing i think youre going to see a world where were going to bring back a hell of a lot of production but its going to be odd to me so its not going to create a lot of jobs and thats really going to make a lot of people upset i think are already upset you know youve got more than 100 20000000. 00 maybe not as a parlous jobs well lets see how that goes so lets discuss the a c l o mark at the collateralized loan obligation market its bigger than the collateralized the c. D. O. Market of 2008 and apparently variable interest entities are the new special purpose vehicles are s. P. V. These companies a stablished by banks to hold off the books positions what sort of melt down wife might we see here as just a continuation of ave john from 2008 rebranded to rename gray packaged. You know how all of the above but this time on late 2008 where when and imploded it brought down all of the large banks because they were holding on to. Junk this time i think theyve actually succeeded in packaging it so what youre going to see who are not going to be the Insurance Firms you can see Peoples Pension funds going up that those are the ones who are really holding the toxic pieces of c. L. O. Market the c. E. O. Market also doesnt have this much in the way. The derivative type bets going on that the c. D. O. Market hand in 2008 so theres not as much leverage in the game. However as i said theres a lot of 2 oss that are going to be taken now by the week back to power 2nd fan jay powell came out a Group Private Equity Industry so hes trying to say to the extent that he kenar. The debt markets that Fund Corporate buy asks so thats one of the reasons for buying all the high quality dac is it forces people to invest in the jumped at them to originated as part of. The dow and then of venezuela they market basically was halted you know that after a tremendous bull run one of the must biggest bowl runs in the world has them venezuela and in other countries where the currency is collapsing in venezuela im sorry in the zimbabwe excuse me not as well about zimbabwe they simply turn the market off and ive been saying now for a while that the private equity guys and jay powell is one of the men and the guy from bain capital romney right the private equity guys in america they use all this money from the fed to take america private theyre doing a leveraged buyout on america and once its done it could be in the next 2 or 3 heirs theyll simply shut the market theyll say markets we own it all sorry have a nice day we now live in a monarchy and you should have taken aggregate team sooner have a nice day i dont think youre right in one respect if youre going to continue with the leveraged buyout of. Corporate america i think thats why we continue but i think theres enough robustness in our system that we still have enough Small Companies coming in that they cant quite shut down the market as it were completely that were actually going to continue to have a market and im like of zimbabwe i have a lot more faith in the american dollar because its the reserve currency by default i mean were the only ones that are really a military superpower so we can enforce our policies and our ross. Other countries do that sounds like rome in the 2nd century a day when they stopped paying their forces of the military and the empire collapsed i think it over estimating that us dollar here but anyway richard thanks so much for being on the kaiser report always a pleasure thanks for having me all right and that is going to do it for this Edition Special july 4th edition hope you have a great barbecue in july 4th and all that stuff trying to catch us on twitter its kaiser report until next time by you know. All of. The world over. Washington ceased to be a city. At the compromise but much as im sure National Interest people talk about gridlock in congress its people got the bell. At the right. Radicals in both bodies. This. Centrist approach to politics both domestic and war. Time after time corporations repeat the same mantra sustainability its very important to accelerate the transition to sustainable transport sustainability. The more equitable and sustainable. They claim their production is complete the hamas. Compass. I want us to feel good about buying their products while the damage is being done far away this is Something Else this lets get into any minute i mean lets just keep things this is the truth in this and we didnt dream and unseen then we believe this and that disconnect with who is going in. Hello from rhode island where i lived and like you am hunkered down the star of that fire as you may have heard and probably even told the story about the guys who really got rich during the California Gold rush and 849. 00 they were the guys who sold the maps and the picks and the shovels and levi strauss todays levi strauss is the guy who sells plexiglas and the companies that sell those big stays 6 feet apart dots that are stuck to the floor everywhere now fair enough they fill a sudden need as were all feeling
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