Welcome thanks for having me no one gives an introduction like kaiser report thanks max well it well deserved now the front page of the economist magazine says free money in one month the United States printed more money than it had in 200 years how much longer can this money printer go burb before the whole thing collapses well thats the debate this going to be had right now so you all of a sudden as i say we talked about missing 2010 she of money is ruined so you might as well have the governments critics as much of it as a lawyer and going to a competing money supply came along right because i mean so now youve got these 3 different forms of competing money coming along youve caught more modern money tree theory whereby the governments just crazy creates all the money youve got the middle system which is what weve had for the last decades which is fractional reserve banking where the banks kr. Privately yes like a hybrid caused by cops and this free market stroke crony capitalist re
A lot of misinformation amongst these new traders these rob and the traders i thought they were getting free share or somehow and its really fascinating to see really learning curve amongst teenagers and 20 somethings about how stock markets work and you know experience is a great teacher and that usually means losing a lot of money but thats also a very good teacher true thats the only way i really learned i never learned sitting in front of a professor in a classroom i learned the most when i get racks it does bring up the notion of this fictitious capital and that you know this is kind of the future that marx would see is that everything is so life removed from Industrial Production or any sort of production or labor that we get to a point a fictitious cow prawle and then in that sort of space theres like no limit up really because its just one. And it by our imagination its goes back to neal feudalism in a certain Medieval Church driven notion of how many angels can you dance on th
Being joined by a banker turned bitcoin entrepreneur simon dixon of banks the future long term friend of this show and as wave a bit of an introduction his book banks of the future came out roughly 10 years ago it actually predicted a major crisis in 2020 its almost clairvoyant and how that accurate that prediction was simon is also recently gone on record that he believes a Central Banks will go directly to people and bypass the banks with their money printing thats now being discussed in the highest circles of backing this is an amazing prediction that was made basically by simon hes the 1st hes the best investment banker in bed calling encrypt oh so really a seminal character in the whole industry simon i want to get started 1st of all welcome thanks for having me no one gives an introduction like kaiser report thanks max well its well deserved now the front page of the economist magazine says free money in one month the United States printed more money than it had in 200 years how
And the u. S. Keep talking trade, we dont know when this thing ends or how much further it goes. Sit back and enjoy the ride, today is august 25, the dow of 378, yesterday up another 150th opening bell today, the s p record high close up some more this morning. The nasdaq looks like its going to be down a few points. Were going to show you apple, premarket trading worth 2. 15 trillion and there is speculation that there is iphone production to mexico, more of that in a moment. At the convention the republicans attacked the biden harris ticket as a looming disaster. Dynamic speeches from tim scott and nikki haley and the president as surprise appearance and a vocal audience preview will see it. Day two, melania speaks tonight, rand paul, eric and tiffany trump, you will see that too. I gotta say this, our heart goes out to louisiana, mississippi, texas and neighboring states. Marco faded but here comes laura. Landfall probably tomorrow, could be a cat two or three storm the people of ga
Different forms of competing money coming along youve caught more than modern monetary theory whereby the governments just scrape creates all the money and youve got the middle system which is what weve had for the last decades which is fractional reserve banking where the banks create it privately yes like a hybrid caused by cops and this free market strake craney caps a less regulated environment which drives everyone into debt and then you go private money the next question is do we have deflation or do we have inflation and thats really dependent upon who craves the money of the faustus re so money has been destroyed as will these businesses before and that that consumers default on their debts and so the governments have to try and create the money out of fausta rates and if they do successfully created under fausta rates the number of the full then you could end up with a surprised. Nation and Consumer Price inflation which seems to be the trend that were heading towards with all