A lie they said theyre going to buy all this stuff people front run right now theyre saying well actually we just lie if you are gaslighting you. And so i guess thats going to now reverse it will probably reverse were going to go into that where they actually did not step forward and they have not been buying junk bonds despite all their claims publicly you know a lot of things are clean with publicly by special Interest Groups lobbyist groups they create ads slick ads for television to tell you to consume this dangerous product and it makes you feel good and blah blah blah well that seems to be what the fed has done and what theyve with theyre doing is trying to as you say gaslight their gaslighting the population into thinking what is bad is actually good this is good for you youre recycling all this bad debt youre eating the costs youre eating the toxic risk that you thought you know the fed trained you to think that theyre going to buy this toxic waste off of you but in fact theyre not there now reminds me and world war 2 right they had the war bonds yes they got the public to help finance the war by buying gulf war bonds they were paying less than you could get us somewhere else you know youre making a sacrifice to war this is like a different situation they want the public to make sacrifices for headphones they want the public to make sacrifices for the ultra billionaires for the continuing errors they want the public to make sacrifices for the continuation of an economic model that many would describe including myself as Interest Rate apartheid if youre not part of the fed you live in a bantustan of high Interest Rates they want everyone in the community in the country in the world to sacrifice you know in a war against everyone in the community so instead of supporting a war against evil or war against fascism they want you to not buy or buy depending on whatever gaslighting message theyre putting out at any given moment to support their very individual interests this is a repudiation of anything anyone ever died for in any war ever fought by americans over the past 200 years. This is repugnant this is ripping this. Nonsense that is unchecked in an economy and in a country that works on checks and balances thats what makes the country work but the fed is unchecked and unbalanced its a road out of control institution thats being a new. Gaping hole in this car of our republic usually how advertisers sell junk to you and they encourage you to think getting this product is going to make you rich its going to make you sexy all the women all the men everybodys going to love you theyre going to be jealous of you and thats why people buy this product here people they listen to what the fed and they thought i was im joe back you dont notice that the robin hood app and i think i understand the feds going to buy this stuff for me at a profit for me so bond prices surge and yields plunge an e. T. F. Soared and jump on sword in the yields plunge and jump on the e. T. F. Sword as everyone was trying to fund the feds massive purchases so the fed accomplishes handywork creating a bond problem bailing out asshole destroying the worst economy of a lifetime mostly by job owning and actually bought very small amounts of bonds bond e. T. F. During july it really just dabbled in them how do you know the war bonds people made sacrifices not because they were greedy it was the opposite theyre willing to put their greed aside for the greater good here the fed is gaslighting people by saying your agreed will help you get rich but its a bait and switch and theyre giving them poisoned chalice and theyre actually bankrupting individuals who do end up making a sacrifice on the wittingly for the Hedge Fund Managers who like to go out and buy very expensive apartments on park avenue if this is to continue in the world war 2 analogy not on like when the doctors decided to counterfeit the english out on the english money right this is money counterfeiting to destroy the money to destroy a country and is anyone talking about it on the campaign trail either party absolutely no its not a problem were going to find out very quickly using this paradigm of how they sell you with their words and the notion that theyre going to do good by destroying evil destroying the evil down market destroying the evil that debt we can make this all go away together lets sacrifice them by these things together were going to make it disappear the same thing has happened in the recycling sector and now this is a great way to signal your virtue. Put your blue in a container outside that your recycler you recycling you do you help the environment no matter what like your lifestyle like you know you you recycle and therefore it absolves you of your sins that you have committed in the act of of participating in this and the pollution all around you whether its like the corn that has destroyed the gulf of mexico for example with all the pollutants that has gone down there in order to create the efficiency or the obesity also caused by all that corn the excess corn and corn syrup and now were turning to plastics well it turns out that this was a decades long ad campaign and Propaganda Campaign which convinced the American People that you could be better than the rest of the world by using our products our plastics and but recycling it youre a good person well how big oil misled the public into believing plastic would be cycled in fact less than 10 percent of all plastics are ever recycled because they cant be recycled despite the fact they have a recycling a few products here Plastic Thing you know it all says recycling dont show the actual brand but it just says here at this recycling. Oh yeah oh there it is the triangle with the arrows on it yes. You can actually this these will go in the garbage of the recycling guys that your taxes your local taxes go to pay for to collect it separately all of it will go to the garbage itll just go to the landfill anyway the reason is because its it cant be recycled it doesnt make any sense economic or and just like fracking is more we want energy in than what it produces so its just even easier to just make new plastics also you can only recycle even the things the 10 percent that can be recycled it can only be recycled once perhaps twice and then theyre. Isnt disintegrates so the notion of recycling plastics has been it was a Propaganda Campaign concocted back in the seventys remember when the boomers were young like they were the age of the millennial at this time and they cared about the environment member there was a big Environmental Movement and they didnt want to cause harm to the environment but they were causing harm to the environment what big oil and big petrochemical did was they came up with this campaign to say we will recycle it but it was bogus from start in all this n. P. R. Investigation finds that they were writing this just like big tobacco all of these companies that are causing harm they know theyre causing it but they just need to convince the people that you know sell it to them as that youre a good person if you if you do this and everybody in the world will think youre the best they were gaslighting us with this fake news that recycling was a real thing but it was just a p. R. Stunt like those ads work doctors are smoking cigarettes yeah they Smoke Cigarettes for their health yeah or any in innumerable mis information campaigns by madison avenue marrying big business to cause tremendous economic harm and of course the Lessons Learned by financialization i came during the eightys a decade later were then picked up and so the central bank is really the Energy Industry written large with their pollutants called money and they keep telling people about well were going to recycle this money into the economy but we know from looking at the chart that tracks the money velocity that they its impossible to recycle the fed pollution it just sticks on the toxic waste dump so citibank j. P. Morgan wells fargo and other banks around the world its a stink and toxic dump of risk that is emanating more risk and disenfranchising millennialism gens 8 who are now openly in revolt because of this Corporate Banking credo that no law is too big a one. Where they learned that ha ha i wonder who came up with that piece of propaganda was it global so thats right youre taking after the main propagandist ready to get America Thanks buddy these all go hand in hand together its the fabric of the economy and Financial System around us based on debt debt money so you have to keep on growing the debt and how do you keep on growing the debt you have to keep on recycling these lies that you know you can keep on building debt that debt doesnt matter the debt has no cost the government can have as much debt as possible you can have as much debt as possible as well we had at the top of the of this episode were talking about the fed and theres 0 percent Interest Rate and theres no cost to all of this and and buying up all these junk bonds and encouraging ordinary investors to buy junk bonds in order to front run the fed because theyll look sexy doing that well they same thing they you know you have this misallocation of capital you have it in fracking you have the 0 percent Interest Rates nobody makes money in fact in even a 0 percent Interest Rates but they keep on doing and like all of these things are just like that you keep on doing these useless exercises right net of costs theres no money in any Energy Industry theres no money in the Software Industry theres no money in the Paper Industry the Chain Industry the Metals Industry there is no money in any of these industries if its all financed by 0 percent and negative Interest Rates negative Interest Rates means youre economy is dead and dying and should be buried and should be thrown in the its gone scrapie theres nothing thats making money with negative rights and thats where we are global negative rights we have all basically the only thing left is that. Extraterrestrial intelligence comes and tries to buy our planet and i dont think theyre going to get more than 0. 02 on the dollar for this dusty if well were going to take a break and when we come back much more coming your way. To. The war weve got to do is i dont. By the threats that we have its crazy. Let it be an arms race. Spearing Dramatic Development only a silly im going to resist i dont see how that strategy will be ready. To sit down and talk. Last time we chased. Each one of them carrying 20 kilos d of drugs. First offense. They just dont worry. Its the main thing. They have this is the this is for me. I dont know maybe itll make or. Break. For now war. Seems wrong why dont we all just dont call. Me that hes yet to shape out these days to come out ahead. Common ground. Welcome back to the kaiser a park im max kaiser yeah im loving this radio my account look and good to have time to pick it up part to it have you with michael plant. Port dot com michael welcome back mia that kind of program you know we literally left it on a cliffhanger the last interview the fiscal cliff the fiscal cliff hanger tell us more about the fiscal cliff hanger michael plant it sounds exciting it well its not very exciting if youre you know a buying holder of the stock market in a diversified 6040 portfolio like wall street likes to lead you to the slaughterhouse precisely because both bonds and stocks are in a massive bubble theres all the stock market right now is at a 100 a value of all stocks are i dont 180 percent. And if you want to put that metric into perspective it was a 150 percent at the apex of the march 2000 tech bubble just before the nasdaq lost 83 percent of its value over the next 2 years so were a midst of a bubble in both stocks and bonds 15 trillion dollars worth of bonds around the world are you living less than 0 and by the way he economy this is a terrible sir it sucks ok i mean convert us economy right now is not at all representative of what the stock market is trying to portray so if you look at if you listen on thursday morning and try to find out you know is the economy healing are we in this xilinx v. Shaped recovery that our president is trying to convince you of well were we learn violent g. In the stock market we seen that are ready but what about the economy so you learn not not to see m. B. A. s youll learn from the department of labor if you. Read the entire release which i do every thursday that theres 29600000 people collecting some form of Unemployment Insurance then another max leslies number was an increase of over 1000000 from the previous weeks number ok so we are increasing the number of people when you include pandemic unemployment assistance we are increasing the number of people who are on the government dole for continuing jobless claims you also look at the economy in this lake theres 155000 businesses that have completely closed their doors about 195100000 of them have done so were minutely in the hundreds upon hundreds of thousands more have seen a sharp reduction in revenue and earnings that is why there are so many people laid off and thats why the stores from this rule on china virus are going to be with us for a very long time even if we get a vaccine thats a true Story Emergency use authorization on november 1st ok the virus will be with us unfortunately for a very very or so. This is why i am very concerned about not only the fiscal cliff and the monetary cliff also the underlying economy is shortening mightily but you dont see it reflected in the stock market precisely because we have borrowed 3. 3 trillion dollars in fiscal 2020 and all of it was monetize or virtually all of it 3 trillion of it was monetized by the central bank of the United States with alacrity and that helicopter money was given out to people to buy stocks all of that is gone there is no more helicopter money this balance is decreasing it has shrunk. Well 100000000000. 00 in the last month so was up 3 trillion in the last 6 months but is down 100000000000. 00 in the last few weeks that is a massive fiscal and monetary cliff that wall street and wall street has already done oh when i hear the story about they had a soft bank who took a huge loss with as we work in vestment gaming the Options Market to such an extent where he is inflating the n. O. I. In tech stocks by engaging in what is called a gamma squeeze in terms of the options forcing the specialist to buy stock and meant wholesale manipulation in these markets and by any made billions of dollars in this manipulation scheme where were the regulators michael are there any regulators working today is the f. C. C. That there was the f. C. C. Down what happened i often ask myself that you know when when the day before. Was a major has a vaccine announcement that the trading day before the fall you explodes the options explode whole call the humans explode and start fresh foods up and you know who wouldnt is it you just this maybe is a quince or thats next but i even deeper than that you know i did we do have regulators that are working but the rest the regulators are working against the middle class. For example lets talk about one of the big regulators is the Federal Reserve is supposed to be a regulator of banks designed to great what made them decide that age 2. Percent annualized p. C. And inflation rate was necessary for the american middle class the function. But i want to ask you can you chime in on a theory what is the real reason the rationale that we need to have inflation rate least 2 didnt you want to hear percent for many many years to equal the amount of hearers that it was below 2 percent for the duration it was there was a lot to me thats the regulators talking max because the regulators believe that they serve the same purpose as priests in the Old Catholic Church of medieval days and theyre discussing how many angels can dance on the head of a pin as the modus operandi they justify their outsized salaries and positions in society in tall the reformation comes so the reformation is coming in the form of street protests and social unrest and violence and that will be the end of the central bankers theyre pushing the limits to how much lot how much they can lie but anyway let me let me ask you to put your journalist cap on for a 2nd to give us a good sense of whats happening on the street in the tri state area where you hearing from manhattan real estate that when im hearing businesses are shut down its like a wasteland crime is up is that true it is true you know its almost the wild west im waiting for you know white or his nose out of wall street i mean you look around and theres Record Number of shootings people are getting shot every day in manhattan you know its just unbelievable the streets are desolate and because you know you cant believe that man white english man you want to see a show and then you want to go out to dinner you want to go visit a museum and you know you cant go to a show any longer get a broadway show and you cant heat inside unless its you know i think of her lao 25 percent and thats your story get started here jersey im not sure its in manhattan yet but 25 percent a restaurant cant function. Being over 25 percent but you dont even want to go to this restaurant if you can make it there because every Street Corner has this protest where you know you remember the old protests by wall street well its everywhere across manhattan you have to step over the Homeless People to get to them but theyre everywhere across manhattan and if they dont pull you out of your core and beat you up dont you think youre going to reach over enjoy a nice dinner anyway so maybe is in much worse shape your situation then it was right after 911 and you know by the way you speak your mind 11 is very solemn time im sure is for you and she sure is for me where our thoughts and prayers go out to all those people. And thats all we share that sentiment and you know it beats become a reality show thats all too real its like replaying the 1970 s. When i was living in manhattan we had 3000 murders a year and it was freak show and but you know sometimes thats what you got to return to the roots of manhattan and new york are in the freak them of what it is to be a new yorker now and all that it was our allies were saying mr de blasio is is neck and neck running for the worst mayor of any city on the planet hes hated and so i remember a beam was a mayor i believe during the time of the me is this supposed distance corporation or max bonds that were Felix Rohatyn put together to bail out manhattan and it was the rise of donald trump he took advantage of those of those times more than anybody else as a developer coming in from queens to manhattan and that was the beginning of the rebirth some would call it in the financial ization of wall street so youre saying all these things are closed down restaurants are closed down does that mean that michael paint is at home doing a lot of his own cooking i am an excellent cook and you know if you would stay here ever around the new jersey or. You know id like to make you a nice only italian general some of these italian dishes or what is your favorite to prepare you know thats my 1st question ok so i maybe if you like a rabbit i make it can nearly a sauce which will blow your mind but of course you know if you want threshold is one of my favorites to meet the best me balls and homemade pizza to earn lives become a cooking show. 3 well because i do a lot of quito baking so we could put together we could put a fantastic meal of italian main courses with like a kid out cheesecake for dessert and i can make like a kito cheesecake with her cottage cheese also what you kind of in that italian theme and we could put a blockbuster meal together i really dont believe youre safe says eat any of that because youre in such terrific shape oh this is the most exciting thing so far in 2020 is the prospect of doing the. Michael pentium x. Kaiser combined cooking meal weve got to wrap it up though so let me ask you a couple of questions and getting back to the subject at hand. You are positioning yourself in the last few months of 2020 are you already got a nice gain in there for 2020 are you counting getting defensive now to lock in that game or are you going to try to squeeze out a few more Percentage Points and being a bit more aggressive on your Money Management business so between now and the election i mean 3 things utilities Precious Metals and short was and i plan on holding them in till the election or theres some massive fiscal package passed in d. C. It out you know just on that note you know the republicans wanted the skinny package so hes mcconnells are going to the senate floor he couldnt even pass his own skinny deal with republicans so you know the heroes that wants 3 point i think is 3. 00 trillion dollars the republicans want somebody much less and they cant even get it through the senate so and chances are of any misses fiscal rescue package coming on the heels of the other 4 they passed this year are slim and none jump probably going to stay very defensively until we get a new election and then the election is going to be the most chaotic. Period of time around an election we ever see in this country in my opinion at least in my lifetime that ive ever been you know what was the Election Night fair enough michael pant out thanks so much for being on guys report my pleasure all right thats going to do it for this edition of the kaiser reporter with me max kaiser and stacy i would like to thank our guest chef michael plant of toronto port dot com and rotisserie if you like to get in touch with us tweet us at various twitter handles and until next time but you know. That the bill of easy to sneer those who really can show you. Take is just be suitably. Proud that i suppose you noticed us they are so. You know none of us to be in a bow episodes didnt go to see you 2 or the. Sneer during your force where you could be near my stuff in the street if not thoughts about spirits i didnt do a bus emotional 6 put in 13 no. Stadia clue which. Shows the stress of school issuance for you to post to a pot bust sort of move a little. Social story kick your butt is. A reflection of reality. In a world transformed. What will make you feel safe. Isolation community. Are you going the right way or are you being led so. What is true what is faith. In the world corrupted you need to descend. To join us in the depths. Or a maybe in the shallows. A new gold rush is underway and gonna. Workers are flocking to the gold fields hoping to strike it rich. As. Children are torn between gold. My family was very poor i thought i was doing my best to get back to school which side will have the strongest appeal. This hours headlines stories. Are jumping to conclusions with. Regard for the truth the statement comes after european lawmakers passed a resolution calling for tougher sanctions on russia for what theyre alleging was a clear assassination attempt against opposition figurehead alexina. 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