Over the water war to prove kremlin critic was poisoned with. U. S. Vice president ial hopefuls. Like. Only t. V. Election but it was a high flying. Headlines. The headlines this hour up next this crossing how ill gotten gains have trickled down. Over the past 40 years given all have your morning news update in just under an hours time. Max kaiser this is the kaiser report kovi coated cope with so much to talk about lets check in with stacey well you know its hard to outdo donald trump and his shenanigans in antics and all that sort of stuff but were going to try so you know one thing we always say is where were at the end of a few dark ages and of an. Whether its the fiasco in c regime that has ruled the world since 1971 or the us empire since 1905 but of course that whole pocket before it when the British Empire disintegrated was also quite chaotic and interesting tet offensive we had a pandemic in 1008 team that was right and that was equally crazy as now perhaps we didnt have a president sitting in the hospital but i want to look at some of the astounding information that is actually unfolding and going on wall. Everybodys locked down at home no apparently adult conversations are happening so none of this is being discussed but it does seem like they all know Everybody Knows its over the whole fiats system value of covert 1000. 00 still melissa packages in g 20 countries as a share of g. D. P. And you know it shows a whole list of them but ill just go over a few japan 21 point one percent canada 15 percent usa 13. 2 percent brazil 11. 8 percent turkey 10. 8 percent a strongly attempt 6 percent and at the bottom is mexico is 0. 7 percent so other than for the u. S. All those deaths will have to be repaid and there is a limited ability for a lot of these other nations to print like america can point out this is a fascinating data set actually because during call of it we hear about the u. S. We hear about china we hear about brazil you know but we dont really hear much about japan and yet japan i think in the grand scheme of things is an important data point in the intersection between the and the fee at the end of the u. S. Dollar as World Reserve currency the end of u. S. Umpire because japan is has been in shall remain the cheapest source of funds in the world because Interest Rates in japan have been the lowest for many many years down just hovering just above 0 is spend the go to place for all leveraged speculators to borrow engaging in what is called the carry trade you borrow money in japan and you invested in other. Currencies that might yield a higher rate and youre capturing that spread as you carry that cash flow over to another currency but also funds much of the leveraged buyouts in america the private equity speculation the deals of mergers and acquisitions they all are from the fed but on the wholesale market globally speaking the fed browse in japan japan is of the global piggy bank so its interesting because they have no monetary discipline there in japan so it makes sense that they would be the number one on the chart in terms of 21 percent of g. D. P. Now in fiscal stimulus for covert or monetary stimulus for cove it because thats where the world goes for cheap money and so thats a country that is very used to they invented quantitative easing thats their term so thats the intersection the point is as well is that. One area is dying literally and in situation of a pandemic but part of the reason why its dying is because as plundered so much from the future so the fact that we dont have any savings or you know were all having to issue so much debt is because we dont have the we have a just in time economy we have a. Piles and piles of debt that has ruled over and over and over the the extend and pretend thing and what it what we were pretending is that generation z. And millennial would not have to pay for this but they obviously are having to pay for this so i want to continue you know we talk all the time about pos yes quo and ill read it again when plunder becomes a way of life for a group of men and a society over the course of time they create for themselves a legal system that authorizes that and a moral code that glorifies it so over time they create this and over time this started in 1971 to 49 years later next year will be one it will be 50 years since we started on and off at global. Foundered i think kick the can down the road and hope it has revealed the end of the road that yeah thats a good way to put it and ill show you this headline is like the mines that plunder is everywhere and everybody does it Small BusinessEmergency Loan Program in the u. K. Threatens to descend into chaos a goldmine for enterprise and criminals even legitimate borrowers face sky high default rates taxpayers to eat the losses and this is called the u. K. s bounce back loan program well the point is that you know you have looting at the top 11 looting throughout the economy and governments are trying to rush in these programs but the governments that are rushing in these programs themselves have been perpetrating a massive for fraud i mean thats what it is in terms of the last 20 or 30 years every penalty weve seen applied to all these big banks whether its the u. K. Or the u. S. They got caught red handed committing all kinds of accounting fraud and some now theyre trying to are packaged their programs as they understand it because i never got put in jail for it so theyre thinking about what we were doing this is the right way to do it and so they repackage the same kind of progress but for small to Medium Enterprises and these guys in the small to Medium Sized Enterprises in the u. K. And then the u. S. They dont have the sophistication of a city top banker you know theyre basically thugs so then they it becomes quite ugly doesnt it its like fagan in the you know in the not the wizard of oz but the oliver twist oliver twist fagan and oliver twist it all looks all so insanely so ok whats go over this whole program what happened in the United Kingdom they passed a program called a bounce back loan program and they had to introduce this because of a originally back in march and april they said ok the government i. E. The taxpayer will cover 80 percent of the loan cost and you the bank. Issuing because the private banks are the conduit the middleman you the private banks will have to eat the 20 percent you have to take the risk of the 20 percent of us no bank was willing to loan to the small and Medium Sized Enterprises that was too risky for them they saw ahead theyd have data on statistics and look at the at that at the case of what happens with a pandemic and they were the honest ones and said no thats the risk of total wipe out for us were not going to do it so the taxpayer had to bail out they had to offer on 100 percent guarantee for these lines and so at the same time some part of the unit of the government organizing this did say well this is a recipe for fraud and what happened is a whole bunch of elsies were created a whole bunch of limited Liability Companies are created out of thin air everybody applied for a loan and they all got it so all of the 58000000000 theyre there. And theyve lent out to these small and Medium Sized Enterprises mostly to Small Sized Enterprises well all of that theyre expecting that itll be as much as 23000000000. 00 pounds at a minimum that wont be paid back so the taxpayer will eat that 23000000000 pound car so this is a failed government scheme and it goes back to George Osbornes by the lets game remember on the. Help to buy scheme by George Osborne which covered it we said mother loved it he thought she thought it was a Great Program his mother loved it and at the time we thought you know this is just going to boost the price of homes because youre injecting all this ersatz money and thatll just actually make the situation wont more make it any easier for people to get homes because the prices go up by the exactly the same amount of the cash or injecting and sure enough thats exactly what happened and it ended up with price bubble and it ended up with a lot of money in the u. K. Economy that would have gone into different types of industries of a diversified economy in a robust economy it all goes into housing so now covert hits of a bubble bursts and he said. They dont have a diversified economy or contingent upon the success of only one industry housing and the banks that made all those loans are in time terrible shape but that was the antecedent to this and now covert hits and theyre saying ok now what were going to do is were going to boost the economy with all these more free money from the government oh by the way thats unfair for a 1000000 Different Reasons so theyre going to make it available to everybody oh thats not going to work because if you give everybody free money then theres no actual fraction of the economy that would be legitimate g. D. P. Growth its all fake so therefore the taxpayer is going to have to pay and were going to raise taxes and by the way the government is broken have to increase our money printing as well so its the its the flip side of in 2012 was the peak britain of this century of the olympics where there the queen jumped into the olympics from an from a from a from a helicopter in the same spot james bond you know that was the peak of new britannia pertaining its been just slip and slide down since then again i dont want to just pick on the u. K. And George Osbornes mother did love that i do want to be fair and balanced that there was and the people who got the free money from the taxpayers did love the program as well so they you know anybody who gets free money loves the program but the problem with this plunder and the problem with the trickle down to remember the pope just said that trickle down doesnt work the trickle down doesnt work because if its a system of plunder based on feel it youve got to get everybody to do it so the fact that all this money sat there and only the plunderers only the fraudsters came forward to take these loans youve got to get ordinary citizens to also participate in the plunder because if theyre going to plunder you know everybody has to enjoy the plunder because although thats the system is based on plunder so if youre not plundering then there is no economy and so this is the situation in the u. K. In europe in america all over the place that the ordinary citizen has not participated enough in the plunder like ordinary citizens are sitting in lockdown at home and collecting some unemployment but they should be out participating in these plans. The programs because thats the way the system is set up and designed and that is why only 50 years later if it makes sense to 50 years this system has been plunder all the way through why should vestment bankers be able to list blank check i. P. O. s on the Stock Exchange for billions which give them a lot of tude for almost infinite plunder yet why cant the average mom and pop are in the u. K. And and america list themselves on the exchange as a blank check i know they will be too right now in dollars they should be doing them thats the problem with our economy right now is there not participating there too theyre trained in all these sort of ideas of morality and you have to be a good you have to pay back your debts and all that sort of stuff look at the way people responded to all of that the debts on Donald Trumps tax returns there. Is are and again like i have to say this is they are causing the problem because this is a system based on plunder it is a system of plunder and yet they refused to participate and thats making the whole thing to send to great faster because its causing the wealth and income gap is causing you know. High on on on steroids down the road in an s. U. V. And you know where in this crazy situation because of that but its just they have started the plunder of time that has happened over the past 50 years of this all fiats currency system and its the day of reckoning the bills coming due for somebody remember if youre not actively plundering you are participating in someone elses pond or as a tax loss i made that point clear in the last episode with n. B. C. And comcast ok were going to check your break when we come back much more coming your way. A dark industry comes to life in los angeles every night. Dozens of women sell their bodies on the street many of them underage. Los Angeles Police reveal a taste of their daily challenge no if youre going to exploit for a child here in los angeles all they were going to come out is the officers going undercover as sex workers and customers to fight the l. A. 6 trade. Welcome back to the kaiser report im back faster time now to return to our conversation with this yummy honest is what but welcome back thank you max so the 1st part of our discussion in the previous episode we were talking about this Virtual Reality meets the reality of today i thought very interesting i wanted to get into some other aspects of this i should mention that youve got a 5 part series out called when the world market itself is fake economic value loses any real meaning i want to talk about some of the economics involved here that weve been subjected to and ben victimized by that would be the private equity model is being deployed against all economies using the feds free money the sanctuary to do a leveraged buyout of the entire economy where do you see this going what happens when there are no more assets and only liabilities left well again i mean i almost wonder where that alue is going we know that literally tens of trillions of that are being siphoned into offshore havens taking it out of circulation and being put into these private secret Bank Accounts now i understand the motivation of that is treat and i understand the motivation and that is knowing that you are stealing and you only you have to hide stuff that you steal because if people find out about it then you know all that said you might actually have to give it back but again we talked about nihilism what happens when you withdraw currency value assigned value and you basically store it away outside of the economy you impoverish everything and they do that on the micro scale with companies they just borrow money you look at the term itself they used to be called corporate raiders then they did make over to live to expire then another p. R. Make over to private equity yes. Rader thats what were talking about here you go in you saddle them with debt or you borrow a lot of on debt and then you lay it back on the company you just bought you hollow out all of its productive assets oftentimes real estate and so forth and it has happened in every company practically every company they touched yearly inserts they did it even with your executive cleaners and it basically bankrupt the Company Owned once productive Value Companies for creating doubt quality d products they used the reputation they used the information of the momentum of that and then just savage it where is that going to go i dont see it going anywhere except creating essentially a worldwide production bankruptcy and a complete hollowing out of any kind of quality in products except those made on a more local level the foam on wall street in the 1980 s. The roger stone film i believe was the director oliver stone oliver stone and i said roger staats hes getting in the opposites now. And so this was the gordon gekko the corporate raider and doing the leveraged buyouts and his speech about how the shareholders rule and you know we can get her the Pension Funds and get rid of labor now this this but this film was used as a textbook for 2 generations of corporate raiders and the size of these private equity as you point out its a reprint of corporate raiding as not into the chileans of dollars and they private equity firms are you know a trillion dollars in size black rock is worth over a trillion dollars Warren Buffetts firm is worth 5600000000000. 00 its a good its essentially a friendly corporator firm and as you point out trillions of that value gets Spirited Away into these offshore black holes and never seen again and you know its really amazing to me this is if you got the central bankers like Jerome Powell will testify before congress that he has no reason that idea why when he prints trillions of dollars the money velocity that is the chart that shows how. How fast money is circulating through the economy he has no idea why the money of loss is crashing he just keeps printing and as you point out and others point out and others youve looked at the big 4 Accounting Firms who enable this to happen its quite obvious you can find 25. 00 to 30. 00 trillion dollars thats now offshore thats been stolen by private equity and such your own pastoral powell is he just a useful idiot and that he doesnt really understand much or is he a complicit but i think i think its a combination of both hes a useful in it in so far as i think if you ask him he said well what else can i do its probably what his answer would be and i think hes complicit in the sense that he understands where his bread is buttered right he understand who pays and the understands are his prissys comes from you understand that if he goes contrary to their precious hes going to be out on his ear so hes a little bit of both and you know to the original question what else can i do i would say how about actually giving money to productive citizens who are hurting right now instead of buying up the irresponsible ridiculous decisions of corporations who are hollowing out getting way too much in dividends saving no money for rainy day you expect us to do that much expect them to do that and you have no answer to that because he knows that the game thats the game is predatory i take your pay and a story well as previous predecessor bernanke of course went to work at citadel and made quite 1000000000. 00 or as were getting that way quickly so i think we can say i believe i can say without a present conference that hes complicit in this major crime and so lets move on you were living in the philippines last we spoke how are developing economies such as the philippines fairing through this global plunder is this its not well i mean i can tell you talk to my friends and theyre i mean they have you know nonprofits and so forth. You know that the philippines is massively days equate subsidized by their call center i mean it may be their major industry if theres a huge contraction in the u. S. Consumer market theres going to be just contraction and those call centers and its going to be not very good for them almost at about 20 percent of population is in the metro manila area the only upside is they can now see that the neighborhoods and cities just within a half a mile or 2 miles even up to 5 miles because 80 percent of the pollution is created by transportation this big shutdown down a major source of their pollution and finally you can actually see the air they are qualities improved but in terms of this is a sustainable long term thing for them i dont see how its going to work so much of their canniest type just servicing consumerism and that consumerism if it against a contract and our began to be automated through you know phone answering machines that have Artificial Intelligence i dont see where theyre going to make up for those jobs i see the same thing United States but definitely in the philippines there just isnt any there there when it comes to a replacement in response to this kobe epidemic so you have the happening all over the world emerging economies are crashing and there is a rush as a result of the u. S. Dollar which you know makes it worse for these countries because it gives the emperor more power sadly but lets talk about something on the hopeful side in your piece wake up and smell the 3 see is community casts and coing so tell us about it its the way in which real value gets really experienced and lived is around real things ultimately. You know i talk a little bit about becoming there but my 3 things arent calling is basically gold and silver cash is is the u. S. Dollar is still the worlds reserve currency and community i think maybe the most important of those and it has to do with things like sharing. You know timesharing in terms of exchanging work exchanging knowledge that has to do with involve being involved in local economies in a have to do with communal living as people have to move in together and i see that theres been a lot of benefit to that a lot of the benefit will be on the nominate your level very very high boost in terms of quality of living i made the case in my book listen if you have people you can get along with and you move in together if you go out to see a movie or whatever for a walk as it turns out now. Then you dont have to hire babysitters right you actually have other people there and you in your children can play together and if you want to make a meal you know you can just expand the size of the meal you dont have a different as a as a 1950 start as well as everybody having their own lawn and their own riding mower and their own business you know environmentally intensive. Environmentally expensive as well theyre individualized and fragmented so as you begin to bring things together we realize we actually share certain needs and we have Different Things we can get we have a set summa mandarin orchard. In a row here and we give those boxes away and other people have given us the stuff that they have grown so thats just the beginning i mean its a very small example you know its not scalable in many ways but it goes back to what you know charles and i and charles usenet and i have said and many like yourself are saying theres going to have to be massive localization and decentralization of the economy because its not serving our needs we need to actually have an economy that enhances our college life rather than draining it away the nucular families coming back this all that all that handwringing and pearl clutching about the loss of the family and bowling alone and all thats that were all going to be living together bake and cookies theres that now i have to ask you this because you said. That people are of course wise to cope accumulate wealth and preserve wealth with gold and silver immense in the dollar he said while still the most liquid currency out there but it is the dollar is the devils currency it does fuel the empire and it does cause all the problems around the world and so why not opt out of the dollar as people in nigeria are doing iran zimbabwe and in the philippines people are saying you know what the big point is my path out of hell is my path out of the u. S. Dollar should this be a promote you and charles you spread i mean hes and typical sis were were you are you seem to be lagging exist whats happening. I am liking a little bit and i had said that bit coin because it its democratic because of its security aspects and its Democratic Base as im in support of the coin the only thing im lacking in is how it can be used to actually trade goods and services on the local level for that i think i am in support of decline in the sense that it can be used the only problem right now because we have that these did going to candy purchase with actual dollars and these dollars can be basically borrowed infinitely im already worried that Major Companies are eyeing massive amounts of u. S. Dollars and buying a bit quite so that they can control the market theres nothing to stop them from doing that and and if thats the case even though they could be a pretty good hedge it wont be the best on the low level thats why i really really emphasize especially in the near term local currency like cornell has a local currency some people have gotten it together which is a voluntary Monetary Base that allows for goods and services to be exchanged oftentimes without a lot of tax if its just trade or bar or its under the 15000. 00 tax rate gifting and i think we should be a really look into the creativity around there in the meantime i think diversifying into decline into. And silver helps to have this again head into into reality the decline is really powerful because it is the most standard currency in the fertile community and it has actual law change so it has a Security System that has a way that its developed which is not heir to simple manipulation by governments im very very in support of it for that for local use and every day used its that has yet to be developed i wouldnt be opposed to helping to work with you max in helping to create in data systems that allow d bitcoin to be split up and then also cycle then and maybe even tied in with local currency so that we can go ahead and get out of the cia currencies are being controlled by very few people or comments about control of the coin by corporations are misguided and but we dont have time to get into that today since ill have to take you on a private session but for now i thank you for being on the kaiser report all right thank you max thank you for educating me. Oh we will educate you and thats going to do it for this edition of the kaiser a par with me max kaiser and Stacy Herbert want to thank our guests he elma yana s. Well 1st name zeus and these got a great essay when the World Markets office fake economic value loses all real meaning until next time by author. Cumberland is still a lot about them getting us out on the. He called me to let me go let fly its bad enough but look. Lets be. Clear we hope to leave but there are also friends so that the odds are still so but the soul will hoping to do something to see. Which. They value about the doesnt look as if they are locked themselves a little and i was able to put them on the back to the road map. When i almost chose seemed wrong. But old rules just dont hold. Any old belief yet to shape our disdain comes to educate and in detroit equals betrayal. When so many find themselves worlds apart we choose to look for common ground