Created of themselves out of Monetary Policy fighting against force and i would ask a simple question isnt it good when the value of your money goes up and cut prices go down but for you personally and so so if we can see that that could be a good thing. And that means we could work less time and the abundance from technology would be broadly distributed instead of being concentrated like it is today i cut something now much i want to focus on this big ben read your book and ive talked to a couple times and you emphasize that the transition to a deflationary economy i think thats key because we had to flush our economy back in the 1800s are so under a cult standard which was a very productive era and it worked wonderfully to kape have a check and balance on world trade but then there was a transition to money system or an inflationary system that was a bandaid and kept adding more bandaids onto an underlying structural problem and that was budget deficits and political. Problems and al
Portraying hysteria and shortage of stock creating a state of positive feedback yeah theres a shortage of stuff perceived shortage and people get you know black friday they rush the stores and they get into a fist fights and brawls and its like an american thing and amazingly its like migrated to the rest of the world even though these other countries dont have to its giving even though that they dont have these big box discounters they still like to go to the store and beat each other up because they figure thats like being an american they get a hamburger from mcdonalds you beat each other up on black friday and hes saying the National Anthem i mean america is the culture that people love and were going to get into this comparing this to robin hood app traders but you know i want to show you what i bought in black friday and that was a mini max it did sit on the shelf for quite a while but most people didnt realize many macs actually stood in for you for a few episodes during lockdow
I am max kaiser this is the kaiser report the best show rated recently by show ratings amount of us as the best show in the world welcome stacy is that when i hear twitter accounts that you created. I get it well you know what the theme of this episode of kaiser report is you know those black friday shopping stampedes and shopping riots that everybody looks forward to the 1st friday after thanksgiving where people go and beat each other up in order to get a discount on a flat Screen Television or actually some sort of useless item that they dont need this started this trend started they say in 2005 according to the wikipedia black friday has routinely been the busiest shopping day of the year in the United States since 2005 all the news reports which at that time were inaccurate have described as the busiest shopping day of the year for a much longer period of time similar stories resurface year upon year at this time portraying hysteria and shortage of stop creating a state of positiv
Mock out again and you know this is the standard style a very stylish and moscow to wear your own jumped up you know they were this even over 30 below 0 you can you can be made from the forehead down if you have your in shock on if you like your miami beach right is the amazing Russian Technology there so i know i did almost forgot here this is a 2 can i got also on the sale simply because i thought it would be a good friend for plucky you know plucky lonely a lot of times hes a manic depressive isnt it so i get him a nice 2 can like this you can have fun plucky the point is that one participates in one of these shopping stampedes and pretty much you put the stuff on the shelf and never use it again but you feel better because you got a 50 Percent Discount well you know a lot of robin hood traders look at the markets and think theyre getting 50 or 60 or 70 or 90 percent just. Counts when a company on the verge of bankruptcy their shares collapsing like wow a 90 Percent Discount before
To make them whole yes and well yeah that makes sense because they say that. The big banks they are getting bailed out you know they dont seem to make any mistakes remember last year we were talking about j. P. Morgan they had Something Like 90 Straight Days of profitable day trading and you want to spend day trading now knows that its almost impossible to get 90 Straight Days profitable day trading because j. P. Morgan is able to use hedging they can hedge their bets to make the risk go to 0 so any time you can make the risk go to 0 and still have a trade that could potentially be rewarding thats a great trade if youre a professional bank like j. P. Morgan or Goldman Sachs had a big quarter with bonds j. P. Morgan had a big quarter with bonds thats because theyre able to put trades on with 0 risk their hedging strategy is to offer a complete coverage and so that there is 0 risk and at the end of the day they get the bailouts of course but even the reach out person will not get the bal