I am actually geyser this is the kaiser of port. Blowing bubbles or who would. You know are blown bubbles you know a lot more about this plus some poetry from what i understand take it away stacy well were going to look at the end of an empire of debt we have had a global. Pile of debt since 1971 and it is blowing up in the says what we have been preparing me for for the past 10 years we believe its here and yet you know im going to read some poems im going to think of some poems that america right now because we are the u. S. Dollar we are so we are the empire and you know robert frost said the woods is lovely dark and deep but i have promises to keep in many miles to go before i sleep and of course Emily Dickinson said something along the lines of because i could not stop for death you know i was just too busy i had all these things to do lunch appointments all that sort of stuff he kindly stopped for me the same thing is like were very busy i guess bit busier busier we have all sorts of cultural issues and partisan war and all this sort of stuff going on but if you look calmly around you you see that death has stopped kindly for the us empire and all its debt its easier to pretend our Economic System works and just blow endless asset bubbles yesterday saw the us comprehensively beat china not in any sporting sense and certainly not in any dimension of the current cold war for those who still like to think the latter isnt happening just listen to what u. S. Attorney general bar said yesterday he attacked china for quote economic blitzkrieg and aggressive orchestrated whole of government indeed whole of Society Campaigning to seize the commanding heights of the global. Conny interested past the United States as the worlds preeminent superpower well those are our strong words right blitzkrieg course brings in the whole world war 2 imagery and remember reagan called the axis of evil you know 3 countries that resulted in the collapse of the soviet union right there was a seismic political event globally and could this be a portents of some kind of equally seismic Global People you know it sounds like a feels like it to me of Emily Dickinson who are writing today shed probably write Something Like because. I really noticed all the death around me because i was too busy eating it for 4 from a macro cano. Kindly stop for me this article by rob a bank big bank in europe goes on to point out that like the answer is right there in front of america but they wont they wont see it they refuse to see it because theyre stuck in this old dead way of thinking about the economy and us as a us empire and our dollar as a coercive sort of forced a trade with us send us your free good for send us your goods that took you all this time to make and well send you these dollars the other thing about poetry is that there are some basic rules to it right that has to be so certainly a haiku its a very regimented form of poetry that you very strict syllable count but all poetry has to have certain inherent rules and there are people that violate those rules like ecom and for some reason has come up a lot lately but in the world the finest are no rules just do it everyone and print more money so thats not poetic in any sense its not beautiful in any sense its just put money printing certainly since reagan which followed right after the fiats system is we know for certain our rule is that we just cannot rise that is. Death of what our system is which is run by finance its a Financial System so if we just rise the system will be destroyed we are told and therefore part of sending all these jobs so here. Barr is saying that this is an economic blitzkrieg that we our own Companies Apple amazon walmart all of our corporations send all our jobs overseas and some that suddenly were waking up and like hey why do you have all our manufacturing over there was my factory doing in your country you know its not like some weird pantomime but what the rabble bank is pointing out is that right now america is beating china in one thing which is consumption consumption is almost at back to where it was mick and how is that happening why did it happen because wages went out. So what is driving this latest round of the u. S. Consumer miracle the 600. 00 a week and special virus related Unemployment Benefits in many instances this is worth more than peoples pre crisis salary and they go on to say we seem to think we live in an economic puzzle that like its like really complex were trying to put it together but the answer like rob a bank is saying well everybody is making more money. Hold on hold on one minute youre saying a wages are going up yes theres a term called earned income which we refer to earnings as a result of work but the cash is being injected as a subsidy for consumers its an earned income that subsidized and that there are are in turn using to consume theyre being paid to consider. And. Of course theres never been meaningful production in america for decades and now they finally figured out that the only way to get g. D. P. Is to pay people to consume by printing more money theyre saying that the United States will not recognize that due to their ideology which is that we just cannot rise and they they do believe that they are they most people they say in the elites do not seem to understand that all our manufacturing us in china all our Wealth Creation is overseas we dont actually create wealth but theyve forgotten that they dont know that they dont believe that they believe that theres somehow a divine right to the empire to have these wealth and goods and services sent to us and that were not just money printer so theyre saying that you know these 600. 00 allegedly will end in 2 weeks but it probably wont the probably have to extend it but they are whole system has been based to this point and perhaps its going to change. But to this point they believe that we just cannot go. Up that workers if these people were to leave the house from lock down and go back to a job that certainly cannot pay them that much well i can explain exactly what that means because in order to justify all the money printing the fed has to claim that theyre fighting deflation if wages go up that would be inflation and therefore theyd have to stop printing money which means theyd have to stop bailing out banks insolvent banks the zombie banks. So by claiming that theyre fighting deflation it gives them cover to keep this continuous rolling bailout of the zombie banks if they were truly interested in encouraging inflation they would in fact allow wages to go up and then wed have inflation in america and then wed have a healthy economy but that would do devastating impact on the zombie banks because they would not be able to hide the fact that theyre insolvent so thats not going to happen well as i say that the u. S. Retail data shows that if you want to strong domestic led up turn all you need to do is put more money in the pockets of poor people and they will spend most of it a. S. A. P. Weve said that over and over of course that makes sense because thats why weve see the money velocity collapse because you know the aristocrats in this country do believe like if you give 600 dollars a week to this person you have to give me 60000. 00 a week like thats just right but their money doesnt circulate so thats why we will never have inflation because they dont have an theres not enough stuff in the world to spend it on and so that system is over as rebel bank is looking out from you know i think its in the netherlands right looking over to the americas you know they see us and they see its its quite obvious that you know where we are pretending our Economic System works but it doesnt were in a state of denial and of course the number one ingredient to any life system any eco system any economy is energy and here is more data on that because while that average worker former worker pre pandemic who is now making more 75 percent of americans make more money at home with this special enhanced Unemployment Benefits. The Energy Companies that made us the Number One Energy producer in the world as we said you know we did want you we did tell everybody this but the Great American shale oil and gas massacre. Her bankruptcy is the fault the debt worthless shares collapsed prices of oil and gas the Great American oil bust started in mid 2014 when the oil prices of crude oil benchmarked up e. T. I. Began its long decline from over 100. 00 a barrel to briefly minus 37. 00 a barrel in 2028 so theyve never made money they didnt make money at 100. 00 something dollars a barrel they dont make it at negative 37 no they make clear they say that decline started at a certain date the decline started the 2nd that. Popped into somebodys head that you could be profitable hydraulically fracking gas from the cost of the earth thats in america that has never ever been profitable for any company they were they were allowed to exist because it was a great way to sell junk bonds a wall street depends on funds at above Interest Rates then you would find in a treasury bond but that doesnt mean that the Underlying Company made any money and tragedy devastation so many of these companies that are going into bankruptcy are simply walking away from environmental disasters just leaving that for the taxpayer to pay for someday if they ever get around to it as doubly tragic so i mean it happens because of a few different circumstances as we have mentioned you know the us empire and we are now higher but hopefully will be post empire because i think itll be better for the ordinary citizen post empire because they need the consent of the ruled to rule you so right now they dont because they just print money and get whatever they want but here you know they do print a lot so the printing in order to avoid causing inflation you have to create a lot of fraudulent or unpayable debt or bad debt so that it could blow up and kind of put out the fire that is the money printing so it was a good use of of kind of like a controlled burn of a forest like in this case the controlled burn of our by. Cash so you want you dont want it to cause inflation especially wages you dont want us to rise but here they control they blew up a lot of debt in fact they point out that its 260 2000000000. 00 as evaporated since 24. 00 team so that blew up the debt it gave it allowed some Pension Funds to survive another month or quarter or year because of the yield that was paid on the debt which was pretty high and it was a jobs program it was a Good Jobs Program for a lot of mostly men kind of like in the 95 to 125000 dollar year range which is pretty high here in america right right good point that the fracking industry did just become a toxic debt goal to evaporate all the free money they were printing and cycle it through tests to make sure that it didnt end up being in higher wages for the economy in aggregate they needed to destroy it and there was destroyed in this bogus facade called fracking and it was also kind of like it was like one of these weapons programs they know the pentagon will i dont know how many trillions spent on the f. 35. 00 program for example its kind of a jobs program but it also like its Like Star Wars under reagan its like were going to build us a platinum as a system here is the same thing geopolitically it of course does allow you to say where the Number One Energy producer certain points were at Number One Energy producer like it didnt matter how much its costing us the fact is numbers wise it was we were number one briefly. For cosmetics and for optics it was great for a couple of months to claim to be number one even though it meant a further destruction of the economy and a slippery slide into oblivion speaking of oblivion we bit of a chasm here a break but when we come back for her coming your way. L. Look forward to talking to you all that technology should work for people. I robot must obey the orders given by human beings except where such orders would conflict with the 1st law show your identification for should be very careful about Artificial Intelligence at the point over use the. Trusts ever of the shia. Names on various chandran with Artificial Intelligence will summon the demons. The obama must protect its own existence is excessive. Welcome back to the kaiser report has a time now to go to rand nooner he is the host of stand based as crypto traitor randoms great to finally have you on the show right good to see you again as always writing now razor or doing this year last week you posted what i thought was a remarkable video from inside a way work and pride man that location there was totally deserted this is a big story of course youre in new york youre an eyewitness youre journalist so i said lets get ran on to talk about this tell us more like you know im a very positive person generally and i always try and see the costs and ive been trying to do that as much as i can in new york and when i look at the stock markets the stock markets tell me that everythings going to be ok but when i go for a walk in new york city outside my apartment and i live in soho and i look on steroids. 80 percent i didnt businesses on my streets closed down they let me go just because of the of coatbridge they closed down wrist runts ott stores jones boutiques they all closed down and i was going mad working from home with the kids around so i came to get office yet and we were because i wanted to you know leave the kids at home for a little bit as much as i love my kids and i took an office at the we work in and had some streets in soho which is actually a very i think business serious used and im the only person working in a freak show we were and that to me sounds bigger longboats you know its great having a perspective because i was just thinking about to talk bill who was french and he came to america any he wrote about the american character and it was right insightful because he was from outside the us year of course our came to the us from south africa and youre in new york city this is your 1st summer in new york city and youre so youre seeing really from the perspective of fresh eyes you because you know youre not a native new yorker so tell us more what you what your impressions so far of new york you know you have that access to the hamptons of course from they they she she a crowd as i was out there and is that still ongoing or is that been interrupted and again you know as i am asking you to put your kind of your journalist had on tell give us an idea what whats it like in new york because when im im reading headlines and i see the hotels are closing and erap cern festing the strait and theres a murder rate is skyrocketing and im thinking you know this sounds like were back to the 1970 s. But please can it kind of give us an idea of whats going on well necessarily reality or just to create you this is my 2nd son yoko was here last summer and saw quite a great comparison between last summer and december and of course there has been this whole expose this through the hand. And then to florida you know new york has a d ways out of their homes and they spend a lot of time in there how did i miss what baffles me is that people are talking about a recession in fact theyre talking about us to be the worst recession of our lifetime and even though people are talking about a recession then new york is as not compromise on a Summer Holiday plans and theyre all in the mountains all going to florida and having they see months off during the summer and you know to me thats kind of strange thing going on the one hand were talking about recessions and Everything Else on the other hand well you know let them eat cake and be an absence in terms of the situation on the ground here in new york im not sure its as bad as the media says it but it certainly isnt the same new york city that i came to a year ago it has become much more seedy theres a lot more homelessness you can see that the bottom of the pyramid already suffering and its starting to get that San Francisco homeless feel thats going on. Another thing is it seems like theres a lot more lawlessness and im not sure thats in response to this defund the Police Movement thats going on here and the police now say well you know were defunded and therefore the city must now live with the implication you know i moved to new york city in the seventys and it was the height of the murder rate and the broncos burning and punk rock was raging on the Lower East Side that was a huge Homeless Population drug use was rampant Homeless People camping out in various parks and then id say you know as im early last year there was a cry from those who were new york veterans saying you know that has become like this day and the Lower West Side has become google and facebook and tech it was like San Francisco the tech scene Silicon Valley thing and now within one year its become San FranciscoHaight Ashbury the homeless thing and one here and i want to just kind of shift gears for a 2nd so youre a world traveler i meet you all over the world at different events and things and you have to a great job covering the things and you have seen different cultures and you cover from the business perspective and im curious about how Different Countries have responded to the covert 19 virus in different ways it seems like an asian they had a different approach and they had a different outcome so just putting aside kind of any you know the story of the virus itself but just as it hit the ground any Different Countries have you noticed a difference the way it plays out in Different Countries and in the United States. Are they prepared in a way are they reacting to it in a way that makes business sense to you ram look how would you like to be in the shoes of any of the president s all regulate the government because i dont think theres any easy way to deal with whats going on in the president the time i mean you know people criticize. For he. Reaction to the buyers them in fact they criticize many president s but you know as a president what do you do youre balancing human life on the one side with you know keeping the economy going and i just thought it had been very interesting for me because as you know as you know im israeli graf in south africa and not living in new york stuff but a very clear perspective on those 3 approaches and also the asian approach to me is. The american approach is being very nannied its like they are treating people as if you know every decision has to be made for the people you room in a mosque you will do the this kind of executive order will take care of all your goals. And i look at the africa which is extreme and granted for africa doesnt have the resources that the u. S. Has but theyve kind of left people to work it out for themselves and theres no this kind of somewhere in between that values the human life but also your credit worked out for you so. The u. S. Has taken the extreme approach you know with all the stimulus its a trip and its its starting to worry me a little bit because im not sure that this economys going to get kicking again very quickly whereas if you look at asia the agent economies are hungry and are starting to work properly again and that may be because maybe asia psyche less of a nanny stimulus approach in the u. S. That so your Investment Fund you know you manage money and Investment Fund manager when you look at the pandemic in the post pandemic it economic and debt reality you know what patio approach that right as a money manager because plainly ive got a look at that macro and Everything Else to kind of fade and bare faced as a money manager where are you on that how do you fit that in or maybe encrypt as a man what is it ram anything so i mean i guess that unless he says not for anyone managing money is the 1st thing youve got to do is manage the value of your mind and make sure that even before you make Business Investment so vain change basements youre actually just protecting the base level of your mind and was the world was the u. S. Printing as much money as they are printing and were so much stimulus going on i guess that job base currency probably has to change to either a gold or a but so thats the 1st step the 1st step is whereas in the past currency has been the us dollar and weve made us all a base instance of projects weve not taken a shift to say that our base currency should be something thats a little bit more protected and is a combination of commodities and good point of course and then we look once weve done that we then take a more beefy topic rajans i think given the pandemic and given what the new world is going to look like what do we want to be invested and what its done is that its sped up which generated our thesis to invest in companies. Building true infrastructure. Projects so no more stink or lies project but much more focused on the d. Centralized part of crypto and of course the big idea and that is of course so i say the big daddy of course as bad coing as so. Its a mess though weve been through 10 years of a lot of different experiments patients. According to some of these projects a quote more decentralized and that its an oxymoron really because if you have to say that youre trying to be more decentralized you are stating that in fact there are science allies that same to be a bit of an issue and but the 2nd point maybe comment on is that youve got a huge wave on distributed finance 35. 00 and crept out its kind of a new thing how would you how would you comment on the 1st comment that i cant really say are going to be centralized in a distance by staying cell into what your comment i define the centralized as a function of the nature if you think its the take over where the mine is take away the years and not take away the community is and i think we can all say quite safely that going is it cheap that decentralisation money by design but also by just by the users and the contribute to the core network i think if you look if theres any i guess that may have come in you because its a syrian but there him is lagging miles and miles and miles beyond but. Im going to survive the 5 i just think that were in the very early stage of experimentation and i think that before defy can become mainstream theres going to be a lot more hacks Security Breaches broken algorithms and stuff like that and so generally when we see you use hacking to file these films in the 5 people think its a bad thing they sink oh you know if i tried to could act and explain whats going. Im not sure that thats such a good thing because i think that that is part of the progress of the economy and i think if anything were realizing now the politics of having stinging is defend. The way that governments have handled the spend to make that governments have one playbook governments are using the 2008 playbook in a completely different scenario and when you look at the markets it seems to be working very well in fact you know the nasdaqs at all time highs dollars almost at an all time time so it seems to be working very well when you look at the markets but when you look at whats going on in the streets and the economies you concrete cant just self that everythings going to be ok risch drugs which make up a huge percentage of the u. S. Business working at 50 percent capacity there is no way that a restaurant can make money at 50 percent capacity and probably not even an 80 percent capacity Health Headlines babas 6 all Stores Retail sales that will weaken it 50 percent capacity if that so theres a big disconnect and if we look at the big korean white paper and we look at how big quinn was designed its almost like to tell he knew this was going to happen i dont think that he knew that a virus would be what caused this but this is the cause jackson audio that bitcoin was made and ray and i could agree its a more thanks so much for being on a cause or a part thanks max writing and thats going to do it for this edition of the kaiser report with me max kaiser and Stacy Everett want to thank our guest ran nooner you can find him on twitter sure going to catch us on twitter at skys report and i stand by all. For. Joining me everything on the Alex Sullivan show. When i was speaking to guest of the world the politics sport this list im showbusiness ill see that. I 1st heard about we do know. From the helicopter folks in iraq. I think that down actually people are going to be going to its military who have never forgiven. This guy for a good treatment a book of every little thing you believe you saw he was really starting to happen. In the pentagon journalese that hes too dark to see a lot of crimes to outnumber the audience. The idea of developing an anonymous digital trombones and applying it to the media consensus makes that was a friend its. Going to be good for him to write it with me for a short while and in the room one of the worlds most powerful news will remain very serious anderson and selfridges founder to the song to the sun knowing. That there was a great deal of jealousy in the brains for the song the fit why wont it be more like they have to seem all. The same. Smile. For. Her. We have giuliani sides in solitary confinement in the prison for terrorists await you know how its a live person. I dont see him dying. And i. Left someone he said. Russian influence in the u. K. Has been you know low and thats the conclusion of a long awaited part of the westminster. Bridge. Donald trumps sons troops song to the streets of the city of portland to press their claims