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 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 over. 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 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 ghastly 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 rancid league 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 capricious thats 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 seeing 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 fred. Once 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 think dickensian england of course happened during the english empire yes right so an american slums that are growing at propitious rates because america empire because its easy for the top 2 feet everything and leave nothing for everyone else america will be better off if it was not an empire so the collapse of the us 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 no v. Shaped rebound in sight there it is looking pretty bad right 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 once they have 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 theyre reading into now that will be gone and we have more a bally use and so people making 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 fresh curtains right so and 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 our 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 experienced here in america from time to time like were experiencing now weve become like this all carrying craze kerim is puritanical and 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 law. Last huge uprisings across america we have the Civil Rights Movement and we have the exorcism remember of the pentagon they tried to levitate the pentagon i think it was Abbie Hoffman led that 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 domestic 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 the 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 domestically the population the bottom 99 percent you dont get the free money printing 1st but it ness acetates the export 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 established 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 wealth and income gap theres actually a whole Science Behind they called the gini coefficient and tracked all over the world in americas gini coefficient if you look the stuff it was gapping wildly spectacularly and looking like a terrible situation but you make an excellent point there the only way to keep the u. S. Dollars World Reserve currency is for american exports jobs because you need the other countries and other governments to create an aggregate demand for dollars you have a you need a trade deficit you grab the 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 it 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 socialist winds blow and post empire. Well were going to take a break and when we come back much more coming your way. Of american men and women choose to serve in the countrys military. Every song came to a complete. The day that i was raised to be instructed you know told to shut up or theyd kill me and i see how it destroyed my life many screamed at me and he made me come in the gram my arm and he raped me with his birthing area if you take into account that women dont report because of the extreme retaliation and its probably somewhere near about half a 1000000 women have now been sexually assaulted in the us military is a very very traumatizing thing tat happen but ive never seen trauma like ive seen women who are veterans who have suffered military sexual trauma reporting rape is more likely to get the victim punished than the offender i had an almost 10 year career which i was very invested in and i gave a sex offender who was not even put to justice or put on the registry this is simply an issue of our and violent male sexual predators for the large part of target whoever is there to prey upon whether thats a man or woman. Secret prisons are not usually what comes to mind when thinking about europe however even the most prosperous can be deceived weve seen the zeros own the work to view houses were. Located only cia people had access to the story for investigators she held the uncovered the darkest dealings of the secret services but i mean. You great ignore. Me for. Trying for justice. In the 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 jumpier credit. What we have going on right now is theres a c. E. O. Market and i think you are aware of that has ultimately just. 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 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. Mortgage see except what youre seeing is big insolvent and tities so what youre trying to do when youre purchasing the high grade credits like an apple credit is force investors to buy the junk that is currently sitting on the Balance Sheets of these insolvent densities 7 investor action its like David Copperfield running a Federal Reserve policy its a look over here while i make the statue of liberty this a pair 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 magath 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 its just quid pro quo capitalism and fraud i dont know. How to know what his pay day 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 i said back if the banker 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 we saw. 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 yoder of ox 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 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 meth i think its what its called and its this whole idea of modern monetary theory that says the u. S. Is the reserve currency he can effectively print as much money as who wants in this point without triggering inflation. So anything that anybody wants is a program can be formed right but if the efforts of style got a richer how come america cant make 50 cent masks we spent the last 40 years max outsourcing our 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 the us 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 robotics 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 of seth ok now youve got more than 120000000 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 wipe might we see here as just a continuation of ave john from 2008 rebranded remained repackaged. You know how all of the above with this term only 2008 where when and imploded it brought down all of the large banks because they were holding on to. John. This time i think theyve actually succeeded in packaging and 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 on c. L. O. Marking the c. E. O. Market also doesnt have as 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 who os instead are going to be taken now by the weak back to power 2nd fan jay powell came out a Group PrivateEquity 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 bank 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 we rank 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 john to catch us on twitter its kaiser report until next time by you all. Know no crap. No shots. Actually felt. No. Points your thirst for action. Now states the world over. Washington ceased to be a city that. Tended toward the compromised by what is of sure National Interest people talked about gridlock in congress with you its people got the bell. At the right. Radicals in both bodies. This. Bipartisan centrist approach to politics most the mystique and pork. Thats really. The one guy appear he was a may found him literally dead like this standing up. A guard appearing his girlfriend they were found in their apartment that they just. Cuddled up and they were dead for like 3 days holding each other this wall so people who have lost their lifes early to addition yeah this is from akron. That crown is better known as the meth capital and im high and its a city where the number of drug addicts keeps growing every year. I came up when i was 14 in my whole family were drug addicts. Throughout much of the 1990 s. And beyond and the doctors were encouraged in some cases incentivized to overprescribe. I mean it enough to sedate a small country when our usual sure about people by all that said good stuff man we gotta go be dead dead guy was just crazy too much you know what are you doing. And they are still coming you know one after the next. Summer rumors as soon as you proceed through shes going to be known christmas or new more. Nothing new. Given those you just cant stop forever of what they think i did you hear that oh. Im talking about is a very international community. Meeting new friends new tricks and were going to play. Just a few things to keep it as this study says new orleans. Those who pushed them at the will to use the newkirk of brazil so their new cars will come. Everything. I decided to take is this like. You that. Our nation is witnessing a merciless campaign to wipe out our history the same our heroes. In a speech to mark independent donald trump taking aim at people who want monuments destroyed as part of the intensified anti racism campaign. Moralized overcalls to defund the American Police struggling with a battered reputation right now with the overwhelming majority saying theyd never want their children to become offices. Facebook fails again admitting 3rd party apps have been wrongly harvesting uses data despite repeated promises to crack down