Players thinks. We dare to ask. Oh i am max kaiser this is the kaiser report how about a quick History Lesson in economics you know people talk about socialism what is socialism theres a side here that labor has value and that people want to take part in the means of productions and guess what starting in the 1980 s. That became obsolete because all wealth was tied to money printing today 2020 so that would be 40 years later then this phenomenon 1st to colp activists and labor rights activists and workers are are bigger now that the problem is not about the means of production the problem is the money printers and theyre taking action stacey yes protesters around the world are putting their hopes and to crypto currency were seeing g. Abo the global insurrection against banks their occupation i think we also have to kind of elaborating its like a global insurrection against paper printer occupation paper printer theft you know p. P. T. Theres something going on crypto currency is have a
Is not about the means of production the problem is the money printers and theyre taking action stacey yes protestors around the world are putting their hopes and to crypto currency were seeing the global insurrection against banks their occupation i think we also have to kind of elaborating its like a global insurrection against paper printer occupation or paper printer theft you know p. P. T. Theres something going on crypto currency is have always had staying power due to institutional Retail Investors as well as its traction as a digital means of exchange yet its on sensible nature and the potential of having relatively private transactions as well as an alternative to fiacha currencies has lent itself well in theory to protest movements that are threatened by the use of state force so wherever you see insurrection or uprisings around the world and weve covered that recently with the black ice matter protests we see all the signs promoting between a black america or big point solve
Time max kaiser this is the kaiser report well you know things are turbulence and weve got a lot to cover so stay see whats happening yes max weve been talking about this preparing you for years for this this financial pandemic its not too much of a shock we are seeing very 929. 00 or 987. 00 sort of like plunges in the stock market and of course those rallies that followed 929 in fact here is the headline from dow jones market watch this plunge looks a lot like the ones that rocked stocks in 1929987200 extension 8 if it keeps tracking a lookout well this is an interesting that theyre making the 929 comparison because it reminds me back in 2008 speech made by ben bernanke who was then running the Federal Reserve he was a successor to Alan Greenspan and he was doing this great lecture about how they cure the crisis of 2008 because they have something that they didnt have back in 1929 they have the Printing Press and this began a continuation of what Alan Greenspan did in the 1987 crash
Start buying more of gold i think they would love to buy more gold now but theres very little to quit or be out there is going to be difficult to buy gold the question is now that the music stopped whos got the gold and of the last 510 years we know 2 big players have been accumulating hundreds and hundreds of tons of gold and that would be china and russia and when the gold held by some European Countries and the i. M. F. Theyve got equal gold to what the u. S. Has so now weve got gold parity and weve got the ability now to rework the world currency order a new Bretton Woods they are going to go back to gold as they always do i dont think the us has a particularly strong hand this time but well see again looking at 1929 s. And p. 501029 analog update it is tracking it looks a lot like 1929 and of course after 929 we had years and years of just tedious side wait ness and long to pry. I do want to point out that you and i have also been talking about the intergenerational warfare the bo
Because it reminds me back in 2008 speech made by ben bernanke who was then running the Federal Reserve he was a successor to Alan Greenspan and he was doing this great lecture about how they cure the crisis of 2008 because they have something that they didnt have back in 1929 they have the Printing Press and this began a continuation of what Alan Greenspan did in the 1987 crash was to print their way out of all problems and the idea was that oh we can stop printing at any time and this is all been proven to be false you cant taper a ponzi scheme furthermore they claim to be fighting deflation by all this printing and yet what they created was deflation and deflation in the sense that what were seeing now markets are collapsing and the dollar is rallying thats a hallmark of deflation why was it why is it what why did this happen because of money printing because the money printing gave a lot of cash to the worst actors. In the economy the zombie banks pushed out all productive economy