Com but right now stay with us for more amazing programming right here on r. T. International. Time max keiser this is the kind of report thats right we ventured global depression style longer recession forget the recession. Or. The pression this will last a few years ago so you know whats going to stay well endings are always always always new beginnings so its an opportunity to come up with new Companies New monetary systems new economic ideas and new populations and ways of interacting with each other so one of the headlines i want to turn to here is from africa and this guy runs a big Clean Company in africa and he says 80 percent of my big question customers do not hold any crypto they buy bitcoin to make payments that is the state of crypto and africa not speculative so obviously theyve jumped ahead from big question as a store of value and theyre using it as a global trade unit of account in particular he pointed out that almost all cars at least where he lives in africa come fr
With that mean money printer go broke and of course they saw it the mean was powerful and that unleashed the crack and in big point it unleashed a crack in solver it unleashed a crack and in gold it unleashed the crack a number of the you know the. Receivers. Were just rubbish out of the. Blue. Print. What do you who who. Yes its free money and they economists quenching out that this could be something to be worried about d and it of course because why its so worrying is that its the psychology once the mind changes once the mind expects that this is the way things can be Going Forward that we dont need to work we dont need to go to labor and and spend 10 hours a day away from our family we could just sit home and speculate via you know various online trading apps and so that mindset is setting in and can we ever step back from that can we step back from this global m. M. T. Or is this the last days. Of you know we can step back from you know ben bernanke you could he said as chairman
Struggling companies will be well advised to stay away from those in or near bankruptcy said fred ringle a partner and cochair of the Bankruptcy Department law firm robinson broad leinwand green genevese and block people who buy equity hoping that theyre not going to get wiped out in a bankruptcy just dont understand the process or they dont watch kaiser report well you know this is an extension of the opiate crisis you know the the big opium manufacturers in america oxycontin so the heroin producers they you know they got millions and millions of people hooked on heroin and those people now are hooked on gambling so and so forgive porn so you have a country that is essentially the general right theres got gambling. The heroin addiction and porn addiction right so thats the vast majority of Economic Activity which is going quarter to g. D. P. By the way so if vice could. Maybe triple them the debt to g. D. P. In america would look better everybody has a different opinion about what is
A global trade unit of account in particular he pointed out that almost all cars at least where he lives in africa come from overseas like japan and theres a huge used car market where they ship the cars used cars from japan to africa and these people are paying for its with bitcoin right you know this is an example of an area of the world that was considered lagging but could leapfrog to the head of the class remember part of the reason china became such a huge economy is that they entered into the Global Economy during the age of mobile phones and there wasnt really you needed to build the infrastructure of the old copper wire base telephony same thing in india in africa because they are already mobile phone. Marianna oriented are dominated now with mobile payments and with bitcoin in Crypto Payments they are in a position to leapfrog the world and become the 1st hyper big quite as ation example and that would be an enormous if they could leave the world yeah of course for domestic p
Climax kaiser this is the kaiser report its the world is full of day trader stock trading is free and got all that free money from the government has a lot of people speculating whats going on they say well you know. Money printers obrien. And of course what always follows the problem when it was just going to the top 00 point one percent. You know is the moral hazard right moral hazard is an issue and were going to show you how that plays out how that has trickled down to the rest of the economy as we predicted here in report when people were piling in on their robinhood up into her its a bankrupt company now we see amateur j. C. Penney traders beg judged to save them from white bout this is the story of American Financial markets since especially 2 1008. 00 they are only acting like the leaders of our Financial System like j. P. Morgan like jamie diamond and amateur investors who loaded up on j. C. Penney shares as a reseller went bankrupt are now pleading the judge to spare them fro