Am max foster this is the kaiser report. What does it mean to go on. Face max we are going orange here on report that is the opposite of going dark were going to are making ourselves antifragile were making ourselves immune to those who would censor and that includes going to our new handles mines dot com for its last Stacey Herbert and you can see that right here on the screen hopefully and then from max you go to mines dot com forward slash max kaiser its more resistant to censorship so you should check us out there oh yeah definitely we know youve got to stay agile and in the words of the of nasima or not seem to love depending on whether you want to count as they incorrectly answer fragility would include a certain amount of agility and so we want to get off platforms that are prone to censorship and move toward the world of being on censored also of course this is 2020 and things are crazy and some great minds have been exiting the world speaking of minds but also speaking of nass
A Spring Chicken anymore i think charlie monger is a few years old or so theyve got him out think about preservation of capital they may have tons of mistakes now they decide to salvage what they can of course one thing you can point to this and say is that this is part of perhaps is dispute with the fed because remember he did want to bail out the airlines i in a way that would give him a good deal and a bigger percentage of the big 4 airlines in america but who outbid him that was the u. S. Federal reserve they gave no Strings Attached to their free money to the airlines which is basically never going to have to be paid back so course warren buffet then dumped his airline shares and then dumped his banking shares in the 2nd quarter and while he was buying gold im buying back at half a 1000000000. 00 with the barrick gold he and i want to point out that colombia the country you know they sold 2 thirds of their gold in june alone so you know they were getting out theres always down mon
How great a listener and you mentioned that he was anticapitalist before we move on to some of the content of the show because of course he would want us to talk about the world and the economy and the financial fraud and all that stuff is somebody mentioned that in a tweet this guy name rabaul one of the great things about how led and graber one is stridently procapitalism the other anti each recognizes real intellect and communes with that so thats what were trying to do by going orange rather than going dark is you dont want to you know a new dark age you dont want to shutting down if your mind you dont want increase in censorship especially as we enter into deeper level ization because youre going to see more and more censorship of the Financial System the Banking System the the monetary rails around the world the unit of accounts you see a lot of censorship there you going to see a lot of censorship as we head into this already like both sides are already screaming that its rigged
The u. S. And china may Start Talking trade again. Beijing says the phase one progress review should happen soon. Alibaba offered more signs of chinas strengthening rebound. Shares jumped last quarter. The company says it is no threat to National Security. Lets take a look at our final friday session in asia. Sophie kamaruddin is half in hong kong. Green for are seeing asian futures on friday, this after the wobble we saw. We are keeping an eye on names like panasonic. We are keeping and i on a theme in japan, showing the dominance of quality stocks versus their value peers may have a bumpy road ahead. Torall, we could be looking end the week on a risk on note. Watching the terminal, we are looking to see if asia will track. Joint the slot punch joins the slump on softer chip prices. With that risk, the big jump in taiwans july export orders may be too backwards looking. Offer a more timely check. On the tech front, alibabas results showed improving Chinese Consumer sentiment. Shery he
Is paying a dividend and he likes dividends but now were seeing this move into japanese stocks and that confirms that hes getting dashing out of the u. S. Dollar because as you point out the fed is them now muscling in on warrens territory right so warren cant go in there with these sweetheart deals and get these bailout deals in the sweetheart deals from these takeovers of acquisitions and huge positions that he builds up because the fed is now out beating him so hes got to go to japan now to find deals probably something he reluctantly to do because it signals that his saying is to as he always says that never sell america short right well thats a buffetts doing hes essentially selling america short so he bought the 5 largest Trading Companies in japan these are the huge conglomerates he bought 5 percent of them and he says he may go up to 9. 9 percent so this is again the ongoing temper tantrum. Hes thrown since april when he told the world essentially that the fed outbid him for th