Thinkable of course this is the german eels and this is the u. S. 10 year yield and as you see since basically the European Union finally began quantitative easing in earnest they got into negative territory but i tell you whats remarkable is that you know we made a film like 10 years ago about the collapse of iceland we went to iceland about 6 months 9 months before it collapsed and predicted that it would collapse because it was a serious ponzi scheme where the banks were lending. To speculate and the result of that speculation in the Housing Market would be used as collateral at the bank to create more lending so it became a huge ponzi scheme force a collapse now people talk about these negative Interest Rates they think its the result of some policy by someone in doing some economic benolt benefit but they dont understand is that is the biggest bubble in history the sovereign bond bubble is by far the biggest ponzi scheme bubble its ever been created in the history of the world and
That means the price of the bond is a 3000 year highs thats stented this bubble is and how does it get there its because the banks are lending against the ponzi value of the bonds to leverage more buying of those ponzi extended bonds and of course like iceland if this will result in a 98 percent collapse. Never in the history of the world in 1971 did the human race ever engage in all fiats currency commerce trading settlements system i weve always had gold backed currency or other some other hard assets thats why nations went bankrupt all the time thats why many wars happened is because france would go bankrupt they would have no gold left or Something Like that so now we have just an infinite regress of ever referring to another contract or another fiats currency printed by something backed by we dont know what except for perhaps the mightiest army that is there are stocked and threaten the earth and thats what we have now so thats why they could go. They think they believe they could
Live direct from ours studios in moscow this is r. T. International thomas certainly glad to have you with us. Wide reaching Domestic Surveillance Program could be back on the current state side to the ministration is calling on u. S. Lawmakers to permanently reauthorize the National Security agency to use it the request was made in a letter sent to congress on thursday signed by the now former National Intelligence director dan coats. Now additionally his appeal also revealed that the controversial Call Detail Records Program had actually been suspended after collecting more information and was legally allowed spying program falls under a section of the usa freedom act which is set to expire in december are these comments. The Trump White House is speaking up about a high profile n. S. A. Program that allows the recording of americans phone calls and personal messages dan coats the outgoing director of National Intelligence is urging congress to reauthorize the law before it expires a
Hi there im max kaiser this is the kaiser report. A lot of people talk about ponzi scams but do people really know what a ponzi scheme is stacy well of course weve been talking about ponzi schemes because he cant taper a ponzi and that was attempted over the past year with quantitative tightening in Interest Rates rising obviously that has all fallen apart especially in europe where we have 15 trillion and negative yielding debt and went up by over 600000000000 and one day just in the past week and now i want to look at a headline about the unthinkable becoming thinkable of course its always been think about here in keizer report we always think outside the box but here in the Mainstream Media theyre saying could treasury yields ever fall into negative territory and vespers are wondering whether u. S. Treasury yields might follow the trend witnessed in germany or other sovereign markets and eventually fall into negative territory the unthinkable is now thinkable of course this is the g
He says though his views will take another context. Good morning life martin snowshoes made you sent here moscow is kevin with you for this 30 minute world news update just 10 10 in the morning here now 1st and the u. K. Government has challenged the court of appeal decision to hold ourselves to saudi arabia after it was ruled that the military exports were unlawful last month the court also acknowledged that british arms might be used in the bloody conflict in yemen devastated by that saudi led war there london is now we get to get its weapons trade with riyadh back up to speed in fact its licensed if you look back nearly 5000000000 pounds worth of sales to the saudis since the start of riyadh Bombing Campaign in yemen in 2015 that makes the u. K. The 2nd biggest exported to the gulf after the United States has Kate Partridge has more on pretty. Israel in the conflict the u. K. s government is fighting the court of appeal ruling that arms sales to saudi arabia are norful in the latest