A market is supposed to represent something i supposed to represent supply and demand thats kind of what prices are all about and thats what the wealth of nations the book written by. Adam smith adam smith is all d about you know its the enlightened thinking apply to economics that the invisible hand that is better than having the king tell you what the prices are that you the people can figure out their own prices just let all the people interact and the net result will be a better price for everything for everyone right yes a. Boat that doesnt exist anymore you have the kings now the princes the wall street titans and the private equity guys who dictate prices and to make it look you know for cosmetic purposes once they dictate a price lets say more a buffet says i need the price apple to be at 350. 00 a share then algorithmically you can fill in the trades phantom trades and wash trades to go. The 350. 00 to make it look like theres a market there is no more market they dont need to conspire they dont need to go like youre jay Powell Warren buffett Warren Buffett or any other powerful banker does not need to go to jay powell and say hey jay powell i need the share price of apple to be this its all digitized they could see it on the Balance Sheet the fed can see exactly where the options are where the risk is and they could just make sure that it never hits that that theres always a put option and they themselves thus you know affect the market by looking at the market they affect the market because they know that they cant have that price go to a certain point so the other players in the market the other investors of course then bet on the the fed chairman jay powell at the moment your own pow that he will act according to how they are observing the same data so its a feedback loop right and with price control you have Authority Like in the old medieval days when they priests argue about how many angels can dance on the head of a pen and the one you have the best argument for that discussion have the most authority so here you have a bunch of central bankers and market manipulators saying the price of apples should be 350. 00 and so they have the authority they have the authority to regulate actions they have authority to rig the media they the authority to regard kits so its a really grand potentate a fraud well the other thing to consider of course is that the likes of ray dally oh the likes of Warren Buffett the likes of the Stanley Druckenmiller they themselves are the biggest Fund Managers in the world and they are accumulating cash instead Warren Buffett sitting on cash here age al you saying he wouldnt do cash hes just in gold or something safe like that rather than bonds and cash because thats a negative return so i mean you destroy the markets by trying to save the markets you know if you. They used destroy the village to save the village and here theyre trying theyre trying to save the village theres trying to save the markets by destroying the markets well theyre trying to save their bonuses us for sure and doing a darn good job at it well i mean they are appointed by elected officials and they are aware that people look at the stock market our president tweets every day about what the stock market is doing and that is supposed to be some symbolism you know humans always go through cultural symbolisms and they believe this number up there on the dow jones board has something to do with them and thats what theyre looking at so here whichever the good intentions are the results are inevitably like weve seen throughout history and evidently revolutionary and possibly very a bloody one because you know that they start off well intentioned maybe but it goes so horribly wrong for everybody involved to continue to expose the Federal Reserve here is the power of attorney for blackrock to purchase assets which include stocks of course the media like c m b c does 0 reporting on this so you know its Available Online you can see the power of attorney that the fed gave to blackrock because the fed i guess can buy stocks by their mandates but if they appointed to blackrock which is the biggest asset manager and the world you know beyond hedge funds they have like trillions under management and they get to buy stocks on behalf of the fed and clued into who knows who their friends are they get to buy their own stocks and their own you know black rock has a lot of e. T. F. Theyre about to buy these e. T. F. So i mean this is ultimately the sort of corruption that they warned about in the. French revolutionary days well fans of the godfather movies will recognize the modus operandi here the godfather orders the hit man to go kill the guy who the godfather doesnt have any culpability. So here jay powell is ordering blackrock to essentially ask the hitman to go and commit fraud this is obviously its the law as is what it is right there bypassing the law so not a lot of murder somebody but he could hire somebody to murder somebody and they dont get caught then according to the godfather stary of economics which now runs American Economy bets ok again its a Conspiracy Theory its being proven now however so its becoming conspiracy fact they are conspiring to rig prices and they think theyre doing it for the greater good they think that it will be for the best of everybody if the dow jones is at a certain price if the s. And p. 500. 00 is at a certain price if apple Berkshire Hathaway and these stocks are at a certain price they believe its for the best of all Big Tobacco Big Oil and buffet joint feds portfolio the us Federal Reserve bought 428000000. 00 in bonds of individual companies through mid june making investments and household names like walmart and a. T. M. T. As well as and major oil firms tobacco giant Philip Morris international and utilities subsidiary of billionaire Warren Buffetts Berkshire HathawayHolding Company so i mean as we pointed out Berkshire Hathaway has 140000000000. 00 sitting on their Balance Sheet and somehow the taxpayer the ultimately the taxpayer backs the fed right with our good Credit Rating that backs the fed and the fed is then giving it to the rich one of the richest people in the world of course are doing it because they believe theyre acting on behalf of the greater good as every tyrant in history has done you know poll popped up that the killing fields for the greater good at the time and the list goes on from there so yes jay powell is acting in the greater good Warren Buffett is allowing himself to be participating in this fraud like he allowed himself to be participating in the wells fargo fraud of which he is the greatest shareholder because of the greater good. Im sure so you know and importantly to look at this as well is that in the 2008 crisis the fed also intervened it intervened with quantitative easing it intervened with free money for the banks but all those bad debts were concentrated on the banks it was the Financial Sector in particular that nearly went under in which the fed rescued but since then what weve seen what were seeing now in this latest crisis you know you know behind the scenes its a crisis in a way i mean theres the obvious pandemic but stock markets are near all time highs they they are quite volatile but theyre still near all time highs in trading at forward p. E. Ratios of like astronomic numbers its spread into the credit markets the bond markets this is where the risk now is and that is like even bigger so weve amplified the risk that we were afraid to realize the like the market mark to market situation in 2008 and so now were in 2020 and we have all this week we more risk the toxic spill that happened in 2008 we did not contain it we like let it spread out through the system so now nobody really knows like how much risk is there and were starting thats why were starting to see the fed have to take these extraordinary measures all the Central Banks around the most of the Central Banks around the world are having to take extraordinary measures because its now concentrated in the bond market jay powell of the central bankers Warren Buffett are effectively playing financial russian roulette right so they have the gun and in there is one bullet of risk they spin the chamber they point to americas head and they pull the trigger hoping that they wont blow off the americas head and that they get to keep all the free money this day and they do that every single day and then eventually like in 2008 they blow off americas hype and it will happen again and theyll say well you know we were acting in the greater good basically theyre blowing up the fine. Ancyl system the Financial Sector the credit markets and the credit markets are the foundation of capitalism thus they destroyed capitalism perhaps unintentionally by trying to save capitalism so that has gone wrong and well see the result might take a year might take 2 years might take 10 years but this is what youre starting to see this is what youre starting to see from the biggest credit Market Participants like ray dally oh hes saying that and again good intentions heres the Congress Congress passed this Paycheck Protection Program remember that down there 500000000000 dollars passed overnight for a rescue of Small BusinessesPaycheck Protection Program didnt save enough Small Business jobs economists say the u. S. Governments Flagship Program for propping up Small Businesses hurt by the coronavirus pandemic us so far failed to achieve its main goal of saving jobs according to new Economic Analysis the u. S. Small business administrations Paycheck Protection Program part of the coronavirus rex you package known as the keris act has approved more than 500000000000 in forgivable low interest loans for Small Businesses but the p. P. P. Has not restored employment to a level that many expected for a program of that size according to the work in paper from the National Bureau of Economic Research coauthored by ray teddy a leading American Labor economist and professor at Harvard University and it turns out that basically what happened is that 90 percent of the jobs that this these forgivable loans went to where its a job that were not going to be gotten rid of anyway so it was mostly like in the tech sector Creative Sector where these people were easily able to work from home so theyre the ones that got all these loans and therefore their suggestion was that we should have just given the money directly to the people instead of going through this like elaborate scheme of putting it through the banks and then applying for these loans to Small Business association and then administration and then like the holy a liberal sort of complex sort of complexity hiding and disguising. Fundamentally corrupt system all right and i forget where that phrase we need to destroy the village just say the village came from the vietnam war howd that work out america all right going to take a break and when we come back much more coming your way. Join me every thursday on the alex salmond show and ill be speaking to guest of the world of politics sports business im showbusiness ill see that. Time after time corporations repeat the same mantra sustainability its very important to accelerate the transition to sustainable transport sustainability stay number man at a more equitable and sustainable well. They claim their production is completely hamas followed this nuclear dumbass lieblich. That got got into congress in the models and got it done designed to busan Companies Want us to feel good about buying their products while the damage is being done far away this is a canal this must be going to an even and i mean look. This is the move and you mustnt be doing to me man im stunned seemed to be based on that understood look at who is going and. You can be bold with the yeah you want. To show small seemed wrong long but old roles just dont all. I mean you get to shape out these days you can stick to it and engage with equals betrayal. When so many find themselves worlds apart we choose to look for common ground. Welcome back to the kaiser report imax keyser time now to turn to cherrypick nasheed producer director of hidden colors its a 5 part document terry series thats got to be the definitive history of black america i think its a fantastic film series check it out terry quantum back to the kaiser report here is my pleasure next hour im doing well. Yeah ive got to ask him ive got to pick your brain and we ive got to help me understand whats happening with these karyns ok the carin phenomenon ive been here ive been going on social media and i see all these white women standing in parking lots or in you know the supermarket and they have like some kind of psychotic breakdown because im a black person selling a camera to them and all theyre saying is whats going on karen and they melt into a puddle of tears what is happening tell me you know a lot of these women are actually going out instigating a lot of incidents with black people because right now a lot of the Trump Supporters theyre trying to do good part to maintain systematic White Supremacy and these characters are doing their job and a lot of these care of the deadly and dangerous is that was the situation yesterday in michigan we are a karen bumped into a 22 year old black girl the mother of a girl confronted her and then the care and ultimately pulled a gun on the mother of the daughter so hes care and we trivialize that a lot with these women a very very dangerous now were starting to see today as a matter of fact in virginia one karen was charged with making a false report because she lied and said the soldier another kerim was in an incident in a parking lot where she blocked a black woman she was charged this was in jackson order so now very recently some of these karen just started to be charged the thing is there has always been a care in phenomenon in this country go. In fact its also a lot of the racial riots that happened in this country were because white women were going around whining about oh all speech issues crime that a black person did not commit so this ocarroll being has been will go a long time were just now seeing it because the camera rolls and camera be ok youre a filmmaker and content creator and you go out you make films and the premise as weve discussed before is that american politics is rooted in White Supremacy and you go out and you make films and you document that story and now with these cameras and these phone cameras what youve been talking about as an artist and a filmmaker and your films suddenly is right in everybodys face true or false absolutely true as we see now because of the corona pandemic a lot of people are panicking and the White Supremacists can not really hide their nefarious deeds anymore so a lot of the things they do now is on the up front they have to go out and just bowl of a lot and weve always mourn people in black society that were criminalize not because of anything that weve done criminalized because of inherent systematic White Supremacy people in the dominant society or just not charge which certain things that black people are charged with so as we see what the code phenomena we have these social distancing laws in the state at home or is in the zone where youre mass orders and we see that this these orders are usually important against black people weve seen case after case after case all over the country where groups of white people Walking Around you know mess their reporting with each other but Law Enforcement will skip over them and go target a handful of black people who dont we arrest them and brutally detained as we saw with some of the uprisings out here there was a lot of looting going on out throughout the United States most of the looting was done by a lot of white people out here a lot of the fires a lot of the arson it was started by white people many people. Believe that White Police Officers were instigating a lot of things which it will be up in minnesota there were undercover cops seen starting fires now what the police and doing theyre going back weeks later to prosecute people based on the investigation and almost all the people theyre prosecuting now just happen to be black so theyre being very blatant with the Racial Disparity right now so its something that cant be denied you know ive been an observer of the Civil Rights Movement my almost my whole life im 60 years old and ive seen it and flow and ive seen achievements made and then ive seen achievements lost ive seen wealth aggregated in the black community and then wealth stolen from the black community i want to get your take on a where we are in the whole cycle of this because black lives matter its a Huge Movement all right and my perception is that its a Huge Movement where does it fit into the last 50 or 60 years of the movement how would you place it terry. Oh right now black people are trying to get resources this time see in the 1960 s. The people were were angling for civil rights and really into gratian because they all bet the antithesis to segregation would be interracial and integration with the problem so we have to be very careful with words segregation is just a mode of were a White Supremacy because there was no real segregation white people to go anywhere they wanted to go black people were the ones who were over and over segregated which means segregation is a code word for White Supremacy just like apartheid apartheid is a code word for White Supremacy so the antithesis to White Supremacy is supposed to be black empowerment how do you get black empowerment you heard that you have to have an economic base 1st so this is why now theres a big reparations move now the socalled lets be very clear about what black lives and. Because when you talk about black cloud of matter there is deliberate confusion because you have black lives matter the movement which are people in the street saying the hey are lots matter the hash tag then you have black labs matter of the organization thats actually funded by a lot of white liberal groups and the democrats thats totally different from whats going on in the streets right now and the media likes to complain to the black clouds never organization their priority is social integration and issues and immigration issues issues that actually undermine black society so this is why we have to be very clear enough to conflate the movement and the organization with whats going on out here back in the sixtys there was a lot of talk in the Mainstream Media and amongst politicians that the black Rights Movement the Civil Rights Movement the black Empowerment Movement was somehow a russian plot you know and. These days and then in the wake of the russia gate hoax that we all are aware of at this point again we hear this idea that the black Community America it by foreign influence russian influence in your thoughts thats an old troll from the White Supremacy as they like to believe that ok black people are not shutting down these institutions black people are not getting the statues and things taken down like people are not rebuys in history on their own to a sage our own ego as a White Supremacy as we have to put it on another white person well its the white russia its the white communists its the russians who were behind dr king they were real big and so there always has to be this in the various liberal white person behind the scenes in order to make the white supremacist feel better about back that black people out here in the streets making a change even through the haitian revolution they didnt want to believe that it was the haitians who rules up against the white. Purposes they have to say well it was them its the overweight people doing is this white abolitionists who is behind this so in the mind of a white supremacist they always have to find a white super villain behind the scenes orchestrating everything to make them go better about getting. Justice from whack people. Right and again let me kind of return to a theme here because what youre saying and your documentaries dig into this it is providing a broader context for a conceit of american politics which would come under the heading of White Supremacy just and thats not something people want to confront and its something people would like to dismiss but these karren videos are really repugnant and confirm. This idea and quite stark terms and and i hope this starts to you know get the dialogue to a much healthier place now you mentioned reparations there and of course this is a big topic and theres a couple of ways to look at this one idea was no taxation without reparations right so the black community could go on a tax strike and say look were going to withhold tax until we get reparations or were going to go at it that way it gets to the Economic Empowerment issue what do you think about that because if you going to do number one we definitely have a good case pagans just like native american tribes just like jews people be got cast is like a white woman recently whose father was a part of the civil war she just died a few weeks ago she was still getting checks from the civil war so they have the money when we talk about the trillions of dollars needed to start the reparations to try to him and hall and say they dont have it now when the scope of the magic at least came up with intrusion dollars to throw at everybody so let me just their own. We can start with yes payments also we can stop land allotments also we can start with Business Development specifically for black people we gotta say specifically people because biden recently talked about race and we were going to talk about it but he slipped in if i talk about race were going to talk about it but native americans to see thats a backdoor trojan horse he used to undermine us 1st of all native americans they got reparations also native americans old black people reparations based on the treaty of 866 also the native americans were many of them were slave holders so they owe because of that as well so theres all types of different ways to get these reparations payments going to foundational black americans specifically 1st way is going to be passed. Right now on this topic of reparations and money and black america i dont know if youve seen isaiah jacksons new book big coen of black america talking about because you know you and i have been talking about because you know informally for a few years now and his point is that the black community is just basically saying were just quitting and now were tired we dont want to even try anymore were just going to become self sovereign were going to embrace pickling which is a hard current say that nobody can confiscate its on confiscated all and were just going to rebuilt be using this money this currency bit coin so my question is where are you on this thinking at all is there having to have a love scene that particular volume is in the room and ive seen that argument before and what we want we want the same thing the true now would it would be to be our foundational black american ancestors they didnt get bitcoin they got money when they were enslaving raping and selling our children they didnt invent going they got money chase bank was built from slave money not be a coin they use money to build this economy from the labor of black people so what were saying. That they took we dont want to do all these little side deals lets just get the same thing going to go and well start with that and then maybe later we can talk about currency and all that but lets start it all with. Dollar bill. Right try to check for 6 trillion like you did a few weeks ago for the bankers on wall street and then you all can decide yes exchange as the calling for all of those coronal packages they would your money everybody if they didnt give them big what they say you need to say our quits to fatten up all right during the shooter got to go thanks mate on the guys report my pleasure exactly right and thats going to do it for this edition of the kaiser report with me max keiser and stacy habit like to thank our guests eric nasheed if youd like to get in touch with us on twitter its causing report until next time by all. The world is driven by. Thinks. We dare to ask. Someone who is this new zoom to see. Shes going to memphis in the phone. Number. Among those he just came up with theres a good indicator that oh. Antarctica is a very International Community i. Mean it used to try to. Do this to the kids who keep it as this stuff studies need to eat. Theres a push for them at the world food dish to cook in brazil so their Nuclear Cooperation in antarctica is everything produced polluted when it comes to do with the above the. 5 they have and with a fact all day but i decided not to take peoples life. With my good to you that. Is youll be dia a reflection of reality. In a world transformed. What will make you feel safe. Isolation full community. Are you going the right way or are you being led so. Direct. What is true watch is faith. In the world corrupted you need to descend. To join us in the depths. Aura maybe in the shallowness. Scientists send a collective letter to the World Health Organization accusing it of underplaying the risks of transmission of coded 19 people flood back to restaurants on beaches off the month so its home. To. The u. K. Prime minister claims many care homes didnt follow the required procedures in the fight against corona virus his comments have triggered an angry reaction from the home management. Public transport company encourages commuters to stop using deodorants to make people wear face masks properly. And the election meddling the European Commission president is under fire over a video supporting her away