Time as are not very. Well i guess its time to find out whats happening in the big bad world lets talk with stacy hey you know 1st i want to say that we are going to go on our Summer Vacation so you will see some Summer Solutions pretty soon and were planning those and those are looking really good just a little housekeeping for those out there but i want to look at this headline to set up the other headlines in this article and this is something that we have been saying for 10 years is that you know its a its a game of capital versus labor privileged by the Central Banks versus everybody else and theres no headline but this and this is from last week and but its really relevant to my headlines today stock market jumps as disappointing jobs report fuels hope for fed rate so theres a real conflict between the needs of the wall street speculators and the rest of the population youve said this before is that you know anything any time is good for the worker is bad for wall street so weve had now 35 years of great for wall street and any even little hints that wages are starting to rise or or workers are starting to have some sort of dignity again wall street crashes the fed steps and says go away workers were going to smash you were going to save on wall street well we have something called the Business Cycle and sometimes youd have inflation as expressed by a rise in prices including wages was forced to raise rates in a way that would mitigate the risk of having too much inflation. This would usually bring about some equilibrium for a brief period of time before you had the opposite taking effect the prices would get too low and then to stimulate the fed would lower Interest Rates and this is the quid pro this is the give and take between the fed and the economy the real economy then starting really in the 1980 s. Under reagan and thatcher and deregulation you had the fed takeover and their sole purpose at that point was to try to squeeze workers completely out of the Global Economy so wages never went up real terms since then but stock markets keep going up and the reason to justify this is that the fed will say we need to try to take care of deflation even though that they are causing deflation in an environment where their money printing is increasing the debt the debt load we have an incredible inflation of debt that debt explosion but we have no rise in wages if wages reflected the actual money printing thats gone on sense 1985 wages would be 45. 00 to 50. 00 an hour right now if they kept track with the money printing but they have allowed china to come into the Global Economy theyve outsourced all their jobs to china and theyve gotten rid of organized labor and they have pretty much visser rated the middle class in america and they let the fed print money for their friends but it never enters the real economy in fact that the number is 33. 00 that the minimum wage would be apparently if it kept track with inflation but also like where it was on course from 1. 00 to 71. 00 when we went off the Gold Standard so this is that you know people no one longer understand the you know its a secret sort of. Holding the public and well its a private ledger that the central bank. Heaps we dont really know how much money theyre printing but you can tell by the fact that you would be earning 33. 00 an hour at the minimum wage today rather than 10 which is what it is you also mentioned that like the capacity of debt they have the earth carrying capacity is reaching a limit and i want to turn to this interesting story and this is. The race to get the world the uns food and Agriculture Organization to head that. And it could already be decide its been decided this month but the interesting thing is the race for it its basically between a guy from china to run the world food organize the uns food and Agriculture Organization and this frenchwoman and this french woman what shes doing to win the spot shes trying to get the u. S. To back her the u. S. Backs a candidate from georgia really but what shes what she had to do to get the u. S. To back her candidate to run global food body will not defend e. U. Stance on g. M. Which is genetically modified organisms catherine just lane tells the u. S. She would be more open to its interests in her u. N. Role if she got it europes candidate to run the uns food and Agriculture Organization which guides policymakers around the world has promised the u. S. She will not defend the e. U. Position in resisting the global spread of genetically modified organisms and a bid for u. S. Support catherine just plain lenell told senior u. S. Officials that a meeting in washington on the 15th of may that under her leadership the f a o would be more open to american interests and accepting of g. M. Owes and gene editing according to a u. S. Official at the meeting well lets go back to the history of what was called at the time you unix see. And this was a product from monsanto which is some spend a lot but that gives you an idea of the intention of the g. M. O. Industry these seeds are terminator seeds as they were also known is that they create a plants that werent capable of reproducing so every crop was did not produce seeds right the would not have the corn would not have to save your seed implanted again which is what farmers have been doing for about 5010000 years right so you needed to buy new seeds every year and then the price was controlled by. Monopoly intellectual property and this gave rise to a lot of suicides in india as my friend thousands of farmers when this was still going on with committed suicide so this gives you an idea of what the g. M. O. Industry is all about theyre all about turning food into an intellectual property having it governed by intellectual Property Rights which create monopolies and monopoly pricing and its an extinction event for humans in a lot of ways and if youre not able to pay 500000. 00 for a meal lets say under a scenario like this then you will not eat that is important to look at it goes with that 1st story of you know the only way the only protected industries anymore in america are finance which is new york city maybe boston and hartford like the Insurance Industry as well. Then you have the military Industrial Complex we have the basically the monopoly position on gun violence around the world on force and thats in washington d. C. Intellectual property is by and large in los angeles to hollywood films and Silicon Valley through you know Online Software and stuff and you know aquarists in seattle so those are also where you see the huge property bubbles the barrier to entry is a feudal system but here with this. Genetically modified seeds yes its an intellectual property issue but its ha so like a serious you know you could put this into the context of say the 737 max you know whereby we had boeing selfregulating they were determined whether or not their plane was safe and in order to save money on redesigning the actual wings. In the frame you know they they just said yeah its ok well well have a software fix so in this conversation that this woman had in trying to get this position at the f a o she met with a us official who goes by the name of ted mckinney he said donald trump appointee and he said we are concerned about european pushes to ban the lifeboats 8 and cut herbicide so thats round up which is now off patent so there are other makers of it besides monsanto which is now owned by you know the european bear bear but this is another headline from bloomberg about the life state roundups risks could go well beyond cancer evidence of a cheap herbicides danger to biological functions and the environment continues to mount why are u. S. Regulators not listening so at the World Health Organization they concluded that the life i say is likely carcinogenic but both the u. S. Environmental Protection Agency and the European FoodSafety Authority have declined to do the same but the e. P. A. And the f. S. A. Relied on information provided by researchers linked to the industry and considered studies provided by the industry that were not Peer Reviewed or made public so again you have this. You know you have this profit at any cost no matter what the socialized risk remember that the risks have been socialized to the general population the top one percent these corporations is multinationals and wall street never take any risk theyre given free money theyre given free intellectual Property Rights no matter what the cost is to the. Population so here theyre bloomberg is asking why arent the regulators doing anything you know we have of course the cigarette of history knew the cancerous the Energy Industry knew of the ecological damage they were doing and g. M. O. Seed industry knows the life of say risk and its ties to carson carcinogenic poisoning cancer etc and its an economy thats built on for the without the regulators doing their regulating without them without them in the pocket of the corporations and it was the regulators were not bought and paid for by the corporations and corporations are allowed to go without unfettered with any checks or balances at all which is mostly what we have now you it you you end up with jim jones like death cult it has your economy in america well also we no longer because it used to be that we concern ourselves only with Quarterly Results and now its day trading results like everything is about day trading and how much the markets went up that day and has to go up 12 percent every single day day after day after day right so that we dont like to look at the complex long term situation so like 10 years ago the markets were crashing so the fed just created all these unconventional which are now conventional a techniques of pouring money and giving free money putting all these bad debts onto their Balance Sheet and 10 years later we see we see breaks that we see trump what we see the consequences of that. Here is the same thing is glyphosate manufacturers they say which now include Many Companies around the world monsanto us patent expired in 2000 have long argued that glyphosate is completely safe for humans animals indeed all non plant life because it works by inhibiting a biochemical pathway that plants need to grow and animals dont share that pathway which is superficially reassuring but it only means that glyphosate shouldnt starve animals to death as it does plants chemicals however can exert effects on organisms in married ways because what the new studies are showing in the bloomberg article highlights some theres several of them but what is showing is that it is actually causing. Basically deformities in animals 2 or 3 generations later not necessarily the 1st generation or even those exposed the glass glyphosate but is causing birth defects in these animal life twisty monetization of psychosis psychotic and their serial killers but theres a tough time for complexity anymore everything just simple you tune into cable news and its like. Oh there it goes. You know and thats it thats the extent of our our understanding of Politics Around us the same with our economy is print more money here its like just throw garbage into the environment as long as your food is cheap or just drinking the koolaid all right well much more coming your way after the break dont drink all the koolaid leave some for the kids. We had one man 3540 years old. This child in the water. Some 30 fisherman well this judge later in his left. Understood. That he was going to move ahead with another man honest i feel stubborn and hurt the machine. I believe that this is one part of the therapy is. Our tom. Im sorry to really harsh things that happened in life. Join me every thursday on the i like simon chill and ill be speaking to get off of the world of politics sports business im show business ill see you then. Welcome back to the kaiser report i mascot our time better return to our conversation with michael pent up at the park dot com michael welcome back thanks for having me back next hour im michael pence i was psyched about gold you know a stamp druckenmiller hes a billionaire investor he thinks Interest Rates are going to go to 0 2 how come gold is not reacting more. That maybe theyre all you know hoarding is a bit coin you know id say you know i had a little bit of a step back in bit when i was so convinced that it was going to go to 0 but i have to tell you if you need to get your money out a communist where hyperinflation economy there is room for bitcoin to exist on this planet so i dont think its going to 0 at least go down to 100000. 00 per unit totally or some other people might think well busy once that once a thought but perhaps not 000 why isnt gold going up any gold is outperformed the stock market since the year 2000 gold is starts on a sweeter all time record highs in my opinion it is going back to 0 they dont think its a quantitative easing theres going to be a universal basic game come theres going to be an empty theres going to be helicoptered money because the economy if theres a recession and its not on. There isnt enough in the mission to lower Interest Rates they only have 225 basis points before they hit the a set who will lower bound and your own powell that drill now even it may be there he adds to the effect of lower bound journeys were to be at the same Interest Rate as the e. C. B. The same Interest Rate as the. Bank of japan was me no reason why people were going to want to own dollars over euros were very short so gold is going to have a massive move in my opinion real Interest Rates will be full and the dollar will lose its worlds reserve currency status is a process thats in motion you know the miners are in another thing up in 83. 00 janeiro depression which is where i think. Miners are stocks person or most so they dont do very well in manage vironment but go visit google does much better right well yes to your point clearly let me jump in there so gold has a new all time highs and australia and brazil close to hitting new highs and russia and canada so on various currencies around the world is either at or has made new all time highs and you know it has opera from the market for many errors but lets just talk about gold and big point for a 2nd because it is becoming a bigger factor in the marketplace and you do you know pick oil in the past years now because it has done so well youve traded some mobiles as a very wealthy players in the space like Barry Silbert over there greyscale investments who spent a lot of money on an ad campaign called drop gold and its not an impact on the market the Gold Community has reacted they theyre all in a in a tizzy about this and you know why do you think that what why cant gold you know strictly from a marketing point of view. Oh why cant gold market itself better you know why is it the have to constantly be on the defensive care if its so great why why do they say its like panic their product thing i dont think it was the great revealer i mean banks were told tesa do well is either it depression or labor inflation which is really big a really bad environment for banks and for governments so little of this interest in suppressing its value goes the same you know quite the same for it when yet its just a its a much much smaller market compared to gold so i dont think it has their intentions that many of. Us point is that you know jamie diamond is never going to be a huge fan of gold governments are never going to be a huge fan of go because gold does well just the truth is real and honest money and when real has he does better than just getting can say which is where the central bankers do. A dish both of them for what they truly are. Indeed i dont like it thats why i need spokespeople but really i think people understand this really if they want to approve in store of value then has proven itself theres thousands of years they need to physical gold because it turns serves their purchasing power these are the their currency that theyre living in these of the nation they are living in so like you said gold is sitting record highs all over the world and it will soon i predict said record highs even against the floor of the our currency known as the u. S. The ok fair enough now our Christine Legarde over there at the i. M. F. She recently suggested that the i. M. F. May look at issuing a crypt out special drawing right or s. T. R. So your thoughts on the s. T. Are our friend jim records as always argue that the s t r will be deployed rather than gold in the next crisis in other words he posits that there would be a 100. 00 trillion dollar Debt Facility or Lending Facility based and special drawing rights and roll up all the Central Banks bad debts into one big massive roll up into an s. T. R. Back debt arrangement sunny why Christine Lagarde is talking about a an s. T. D. Are crypt out what when you hear that what do you think michael so 1st of all theres a giant shoni i mean is 3 card monte i mean the i hear is the r. s were learning there are composed of its a basket of lawyers guernsey so if i dont have any more feet if the dollar is the worlds reserve currency and i really think the euro is is going away extinct and i think the hidden is the worst form of counterfeit contenting then why in the world if i put them all together in a basket with a. Anymore value because the i. M. F. And kristie lu gordon says that they do is that. Inherent urgency if youre bad if youre going to have a crippling currency theres a world wide and woeful in nature one inhabited by ghouls lose mine supply is limited by g