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Im now going to throw to Stacey Herbert because she is packed in here i want to check in now so what the audience can understand what you were saying is last year around june of of 29 you asked royce of gold money dot com how on earth negative Interest Rates could ever exist because never in history had that happened and he said the one thing it could possibly be suggesting is huge decline in population whether through choice that people just decide not to have children or a pandemic then it would make sense you know a lot of our system is quite massed up and we just refuse to where we have so many sunk costs right that we cant really change course the globe is orchestrated with the infrastructure of finance and banking and geo economics and globalization and trade as all engineered for just in time so theres a kind of inertia that happens when Something Like a black swan arrives like a pandemic and we all are just sit there waiting for something to happen or for it to go away because the system cant deal with it so were going to look at some interesting stuff coming out now that the World Health Organization and the u. N. Are saying what was obvious to many people were allowed to say it because before you would get the platform for mentioning what was obvious and thats part of the problem of why we have no adults in the room i were not allowed to have any conversations in this era where hillary lost in such a humiliating resound in defeat in 2016 a lot of people arent allowed to say anything publicly anymore about very big sick things so 1st before i get to what Johns Hopkins University Says about the situation globally regarding covert in particular the u. S. And its failure to deal with it is that dr David Nabarro of the World Health Organization. Boy uncoated 19 he was interviewed by andrew neil on spectator t. V. Now and you know Everybody Knows was you know at the b. B. C. We had had some huge shows like did some really powerful interviews and he talked to this guy from the World Health Organization and basically dr David Nabarro tells me neal we really do appeal to all World Leaders stop using lockdown as your primary control method in his exact words or paraphrased ill say is that we at the World Health Organization do not advocate lockdowns as a primary means of control of this virus he the reason why he says that is because they predict a doubling of the poverty rate in the next 12 months and a doubling of childhood malnutrition so there are costs to our ramshackle lockdowns and our failure to stop this pandemic right there is the population as the negative Interest Rates were forecasting you know in summer of 2019 but see what youre describing there what thought the came to my mind is that we in the United States and other countries dont do nuance very well its always very good bad right wrong stop go in its not very subtle there are no shades theres no discretion theres no self autonomy and i think were going to Start Talking about masks here in a 2nd and the thing about it is that there is an element of commonsense to it that is being completely overlooked because its not something that can be dictated to in a purely binary black and white fashion and in the in the that confusion the vagueness is this growing problem its just the fact that we no longer have adults in the room were not allowed to have a conversation we can. Have to be so you can even discuss the un itself says they said this back in june that 6000. 00 infants a day are dying now because of malnutrition 2 to the absence of of basically the u. N. And other organizations being able to deliver food and prenatal care to their mothers and stuff like that but if you say that then you get the platform to write because well you you want people to die in america like theres no discussion able to have that we have to look at the whole Balance Sheet of the world and our domestic economies and say well you know whats the reality here which is the truth and how do we proceed from here so like everybody has been saying that donald trump is responsible for the 200000 dead but the fact is america doesnt have the manufacturing capacity so even make p. P. M. That was from the beginning from day one we saw what was happening both on the federal level state level and local level why didnt we why were we unable to shut down well because we couldnt produce masks right we couldnt produce personal Protection Equipment thats why you still can see from those early days World Health Organization and other sort of bodies like the c. D. C. Saying masks are necessary dont use mass because there was a shortage of them but they didnt want to openly say that i dont know whether its they just didnt want to you know bureaucrats dont like to be looked like theyre failures or that they didnt want to cause a panic i dont know but the fact is we didnt have any sort of honest discussion about the reality of our situation that we find ourselves and thanks to our absence of manufacturing thanks to our just in time Delivery System thanks to our food system that delivers mass obesity to the population which is also leaves the population so vulnerable and huge relatively high mortality rate in the u. S. For a while it comes to moral hazard you know in the pandemic 1st set back in february the question i pose. To the global audience was will this be a crisis sufficient enough to overrun the ability of Central Banks to paper over the crisis because for the last 30 years every crisis weve had whether its a market crash or the 2000 subprime crash or a hurricane or ecological or depopulation or wars always been met with paper printing by the Central Banks and as long as the Interest Rates keep going down theres no penalty for issuing all that paper as weve seen now for 40 years Interest Rates have gone down so now here we are in the end of the year the question again is is the cove in a crisis big enough to not be able to be fixed by Central Bank Money printing and i think what were discovering is that it is quite the answer is yes because now were starting to see the bond market tick down were starting to see Interest Rates go up if that 40 year bull market ends because of cove it that means that the global g. D. P. Roughly 102110 trillion dollars will be cut in half in what people around the world are feeling as a result of this failure of paper money to fix the problem is they have a feeling kind of like theyve contracted a flesh eating amoeba right so they see that part of their leg is being destroyed by this flesh eating amoeba and the question always is do we cut it off do we do it take the leg off when we take the leg off bell going to cure it i want you to lay a while now its up to your hip and youre saying oh no what now what way do i go i cut my both my legs off and its unfortunately the policy makers are arent in a complete trance theyre not acting their money printing isnt working and thats only thing that they know how to do and theres no cure so this is you know i think could be the end of the bond bull market which has been for more than 40 years in the making so lets look at what the new england journal of medicine says and they refer to some job. Hopkins center for systems science and engineering and their data look at the data across the world and the title of this report is dying in a leadership vacuum basically says that the us leaders have taken a crisis and turned it into a tragedy and of course you can look at it federal state and local i mean look at new york city look at what new york did you know super resistance super democrat super like the smartest guys in the room and yet they also failed they had one of the highest rates of mortality in the United States the magnitude of the failure is astonishing according to the Johns Hopkins center for system science and engineering the United States leads the world in 1000. 00 cases and deaths due to the disease far exceeding the numbers the much larger countries such as china the death rate in this country is more than double that of canada exceeds that of japan a country with a vulnerable and Elderly Population by a factor of almost 50 and even dwarfs the rates in lower middle Income Countries such as vietnam by a factor of almost 2019 is an overwhelming challenge in many factors contribute to this severity but the one we can control is how we behave and in the United States we have consistently behave poorly its systemic at this point its almost 50 years of an all female age and we were the kings of this age and it left us very lazy and left us ignorant we dont even know how things get produced anymore and that showed we we have an absence of expertise anymore you know everybody wants to be a celebrity politician and you know be as wealthy as nancy pelosi and be in power for decades where we dont have that sort of authority and expertise nobody wants to actually run i mean government thats so boring and tedious and just dull like low income compared to what you can do you know hanging out with lobbyists and stuff like that but you know when they point out the vietnam our mortality rate is 2000 times higher than they had of course you have to point out that vietnam is the number 1. 1 country in the world with the least obesity so you know these are the sort of things we should be asking but cable news of course is a clown show so theyre not talking about well why does vietnam have the least amount of obesity in the world and why are we were not the highest that were certainly in the top 10 percent so like why you know how does that happen is that our food system is that in this industrial sludge we all eat like what is it so were not having that remember the phrase disaster capitalism. There are a lot of good crisis go to waste i mean that was the arrogant montra of these obese political leaders who felt this keep printing money and no matter what the disaster the falls on us we can always print more money and pocket it put it in our pockets velocity just goes to 0 we just trouser all that cash well now called it is just flipped on its head and now the obese are going to lose and those who are not abuse like them in the maze looked like they could be weak winners of course we also like pushed out billions of 1. 55 in the p. P. P. Loans but it went through banks so Something Like 200000000000 never even got there because the banks couldnt even be bothered even though they got to keep like a huge percentage of it and then here we have the Health Insurance companies so they go on to say that we failed at almost every step in life in testing that they do more tests in zimbabwe kazakhstan and ethiopia than we do here because the profit right they dont theyre not going into it for it because of the Public Health emergency they have to do it pretend to do it but they cant charge 10000. 00 like they normally would because they dont get out of bed for less than 10000. 00 a day and those countries dont have meaningful Central Banks that they can just print all day long and print the money away they actually have to be responsible and they have to live within their means and they have to obey a basic rules of accounting speaking of accounting we have to account for the fact that a break post be taken right now. And then we come back after this dont go away. 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 you should be very careful about official intelligence and the point obesity is to create trusts. Like to take on various jobs and with Artificial Intelligence will summon the demon. The obamas protect its own existence is. Not going to those who know about the battle in the struggle of all this. The only one making a weapon quiet while hes not. Out of the. Clear we hope to be but there are here are some friends of the us are skills of the soul hoping to do something to see. The child for sure. They have about the possible alibi going in the most simple with someone that you know were going to have. Room welcome back to the kaiser report im max kaiser time not to go to steve king author of debugging economic seas now living in thailand while riding out the storm of incompetency of covert policy across europe welcome back steve gain good to be sort of you and i have generally a good one i want to get your perspective faris a thailand that many people are talking about thailand they have mostly eradicated cove it what is your life like in thailand or restaurants open molls shops is life relatively normal what did thailand do differently to amsterdam from what you fled stave well its a lot fish completely normal to max i mean its just being out sokal right on the dick sokal pocky i was going to have dinner in july really supposed to talk to you instead did what having walked inside the restaurant and show temperature taken by an order ending the aussie. Example curious everybodys wearing a mask as they walk into the restaurant they sit down and say im off when theyre eating i go to a gym nobody wears a mosque in sa the gymnasium you wear a mosque in public transport and that is very useful in case there is any Community Outbreak whatsoever they have been streets homes in the last 4 months when somebody has been in the country with coated sewer breaches one was a mystery house after 100 days 0 cases occurred because of those because those people will mosques when they went into the you know Shopping Centers everybody in the shop you know where in the mosque so when people who contagious didnt possibly under all the people so the grand total of the number of people in thailand its been good barebone its population is the same as the u. K. Of the 64000000 total number of people 3006 152. 00 at least a 1000 of those. Of concert carmen st john who deaths 50 not many countries in the world have positioned this crisis as something of a 0 sum game you have to decide whether you want your economy to be working functionally or whether you want your citizens to be healthy is that true and that doesnt appear to be that case at all in thailand what one of these countries getting on steve well its that basically realizing this is a trick and judges disease that theyre all the sorts of thing its just the flu its its about 10 times as different as the flu and about 10 sponsors contagious and so if youre if youre late one cats get into the community its not the little bit what they call the odds are on which they give a series of one person in 63 it tends to be one person gets into a crowded venue in a fixed 300 or so that one tries to get in it just explodes and watan and has done what taiwan has done about musial and almost destroyed mongolia they had them they went for eradication and that means a high total lockdown well only the people who got essential jobs are working at it by essential jobs on and it will during surgery nurses and doctors. People making by sea food and doing food deliveries those are your essential industries you keep your monitor and says those people there you know every every day you make sure no outbreaks occur and within 2 weeks if you do it strictly enough within 2 each going to notify the only groups that actually have been in months there is families and households of those for the transmission of that everybody else can go back to work again a couple of weeks off of that and its gone and that is pretty much what tom has done it wasnt quite that fosse but they broke the country down in their 860. 00 foggles. Districts nobody was allowed to travel between those districts without a good. And including a note from the gulf on up so it was only food delivery and so all the provinces alternately it was stamped out and it no longer exists in the country and if rest of the hold on that because it would have been. Is could have been as brief as a one of the hot months to 2 month process and its and then nothing to our ego in the future because of this child abuse how often looked down upon so the west has done its cross which is going on now for at least a year possibly 2 years kind of demonstrates a very different way of governing a nation. And style of governing a nation and i want to you know Stacy Herbert my son for came up with this kind of idea simultaneously interesting its almost as if you know after world war 2 you had one country standing and you had essentially japan it been wiped what wiped out europe had been white and the u. S. Was the winner of world war 2 and it went on to have what we call the American Century and it was uniquely positioned for this the the american system of government in that the economy the people the character it all fit into place it seemed almost as if this coven 1000 crisis is a similar in that world war 2 and that now weve had this enormous Global Pandemic a global war of lobel crisis and as we head out from the crisis some countries were in a great position and they will lead the 21st century and some countries didnt approach it in a way that made any sense and theyre going to be left behind so that the u. S. Looks like its going to be left behind in a country like china looks like this will be the chinese century coming up and that the covert exposed or revealed the system of government that was uniquely positioned unqualified to deal with this global crisis. We are thoughts and. I think im going. Way back in about february been following this courtesy of reading christmas. Morning about the virus ending up with a treat the end of december. And i said at the sign that it was likely given the incredibly strong lock down the shot it did which was draconian i literally did well Apartment Building dollars shop so nobody could get out of the a pop one and nothing to get in but as drastic as that was it meant they exterminated the virus very very rapidly and shot his total price count is about 90000. 00 you compare that to americas coming up on a 1000000. Its incredible the effectiveness of a top down government with people do walk the government tells them to do it has gotten so far atenolol months of course but if youve been to china been there many times now people except in the sense i said theres a it is the state has a legitimate role in china is society its partially satanism as a moderately benevolent big brother but you dont want to you dont want to be brothels the dickens all who have lost its its all one person can go its one person and the result of that heavy handed approach is there are no no credit in shot at chinas economy is now back and were going again so it really is a sign that a strong state system is nor effective against what we face in front of office and what i think will hasten Climate Change when the libertarian the sides the chicken leave america but also of course of europe right its not about partisan politics either and yeah chinas got an authoritarian government but the coven the crisis it werent for them its like i remember somebody its all they want something some days or the windshield some days or the bug right its just. You know if this thing happened then the us. Style doesnt work in a crisis like that. But china does and now theyre really going to leapfrog into the 21st century and thats just a statement of fact i mean its not a partisan question really now. Also supranational organizations like the World Health Organization you know they were talking about they expect lockdowns will double global poverty. They they came out against lockdowns they were initially have kind of a mixed message so again thailand as a sovereign country they kind of with their own way i dont think they listen to anybody except themselves and the World Health Organization doesnt seem to be particularly helpful steve now in the intro though because oceans become politicized like any of those International Bodies ultimately and theyre also constrained by the by their own financing good at the counts out of the americans to some extent initially they count out to the chinese as well when the chinese are downplaying the whole thing the child was. Lucky to have the experience of solace before had some from around 2000 and that meant they had a Public Health system designed to handle and emmetts and then experience the many pandemic with sobs which they managed to erotica but meant they were prepared if Something Like this now the wests at the same knowledge we know that during the bombing there was the war got into the and then it there was dependent units set up on the say they say which truck abolished to save money because headache and hot is people lighting when you need them conscious thats why only 210000 americans have dogs. So it is preparedness its awareness that youre going to need something which needs croydon notion and its a community a community which in general accept that because of saying yes with assads and of gender in general cynic says success of Public Health so with the gotten about a good Public Health Public Health and through the west which won the i am not is in the not in thirtys and without it wed have thought. Wed have all we are would have all these different diseases weve managed to radek by Public Health campaigns and in that sense the american whole system was uniquely suited sile because it cost you money to get anything done and therefore you dont get tested and therefore you infect your friends and your family and your Work Associates so its a classic case of where the limits here in philosophy america is suited to the days of cowboy capitalism not capitalism and now were in a very very crowded space ship and that Central Control is much more effective the same country that went into hyper production of bombers and tanks and although our 2 can not menu fact sure masks i mean them a lot right there so now going back to 2009 steve king you came up with this concept juhi for the people all and that was not what happened in seoul the billionaires made hundreds and hundreds of billions more now here we are in 2020 and weve got effectively for the people in gyps and drabs and programs and different ways to inject capital into the economy directly from the fed we hear but is it too late now because the economy especially as the cause of it crisis has revealed seems erap rable so are these efforts going to have any impact at all now they would have in 2009 but now its 2020 but it might be too late your thoughts theyve not think its something we can still do it max and demean the hof like stuff that has been dumb has made the situation far better than it would have been without the 600 doubles a week the americans got for a short while was actually using dos commented on your show some time ago a boost of the income for a lot of families actually save more money and spent more because it was the the wages theyre getting theyre in it to economy but at the same tom theyve got rent they have to do you have some old mortgage holidays rule happens is the bank dispose. Your payments but it adds the money to the principal and then shot year additional interest on that additional principal when if we ever get out of it if we have to get a vaccine if we can go back to something resembling a pretty pandemic area plenty of people to go bankrupt because the momo gets to go back and now theyve lost their jobs they dont have. The rent theyll get it if its of holding what could happen as the financial fallout from so it is now of more tom than ever what i call the modern digital and the interesting thing is we scrub it shows this in this also cool because the sky of Government Spending and deficit is a stock reisa than anybody would have contemplated in the uk its on but problem the sky thing fall in it stopped the scar from forming and lets keep on going lets do a modern digital its a rich use debt levels to one. Which would be roughly sustainable the rights to a route sign up thanks ben on cars report thank you matt all right thats going to do it for this edition of kaiser a far with a nice keyser and Stacey Herbert like to thank our guest dave king you can find his work at paid 3 on dot com forward slash profits steve king until next time by al. Its sort of amazing country with river so many friends in russia and im very excited to be here. Yes i love that idea i think i can do the. Different nice to make a lot of money with. Hundreds of me. Heres a nice well theres a not a great wall and nobody feels a lot better than me believe me and ill build a very inexpensive like a great great wall. d just in case youre worried about whos going to pay for it mexico will pay for. It will see what happens who knows knows it who knows what well see on the field will be a success. A dark industry comes to life in los angeles every night. Dozens of women sells abilities on the streets many of them underage. Los Angeles Police reveal a taste of the daily challenge no if youre going to exploit for a child here in los angeles they were going to come out of your busy office is going undercover as 6 workers and customers to fight 6 trade. Islamic radical radicalism strikes again in france says president emanuel mack wrong calls the beheading of a teacher in paris an act of terror. Washington rejects russias proposal to extend a Major Nuclear arms treaty between the 2 nations just months away from expiring. Also with coronavirus numbers now surpassing the peak from earlier this year curfews in restrictions are being reimposed across europe. As their latest News Headlines for this hour my colleague neil harvey will

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