With us for the kinds of reports next here on our team to national. I am max kaiser this is the kaiser reports im trying to say less like a duck as reported by a magazine the spectator magazine in the United Kingdom claims that i have a duck voice now i sound like andrew neil at the baby say. Well we all go into that you know im so old i remember vietnam. And back in the seventys we were involved in a massive war there and all kinds of beth things up in kent state students gunned down and people die 50000 not as Many Americans died of it as the opiate companies killed last year but a lot of a lot of people did die like 50000 soldiers and what not and anyway this is part of what were talking about here stacy that was that closer to 58000 americans died in the war of course many more the enemies that i dont why did we invade vietnam well because we wanted to bring them capitalism to this day they are still communist at least they say they are at least the party is socalled communist thats how they self identify the economy itself is booming and seems quite capitalist if you look at it but the ironic thing is of course that capitalism is supposed to deliver a lot of efficiencies and sort of improvement in lifestyle and all the things around you are supposed to get cheaper your life is supposed to get better and better well americans are retiring to vietnam for cheap health care and a decent standard of living the standard of living in america available to. Many low income workers but also retirees is way too difficult to achieve a standard of living that they were used to when they went there to fight in the 1960 s. And 1970 s. We left vietnam in 1075 well one of them is John Rockhold hes a navy vet and he served in vietnam in the war and now he lives there so he was a fighter he was fighting to bring them capitalism and now hes gone there because theyre able to deliver all the things that matter and life for a cheaper price than america cam so it was worth it that whole war in vietnam because it secured retirement for americans in the year 2020 they can get a good standard of living and Affordable Health care so. We shouldnt feel too bad about it the loss was worth it for sure had we won this would not be an option for john rocker old he lives there now he lives on the 20th floor of a condo building for an apartment he bought 4250000 has like 4 bedrooms he has a wife kid he has nannies and cooks and right this is a good point because another words this guy is not retiring to iraq is our retiring to libya retiring def gonna stand these are wars that supposedly america won the fact that america lost vietnam made it safe for retirees to get a good standard of living in Affordable Health care exactly and he says that a majority of vietnamese that he meets there like they dont mind that he served in the vietnam war most of them were born after 1905 the majority of the population there. Are living costs rarely exceed 2000. 00 a month which is. You know the average cost for health care here for retirees even and its a lot of things are very expensive out of pocket out of network all that sort of stuff so he said quote the cost of living is so low its a communist country but if i blind folded you and put you in downtown saigon you wouldnt know it and im going to say that america is technically a capitalist country but if i blindfolded you and put you in downtown new york you wouldnt know it because there is you know the central bank is printing money a command and control to keep the stock markets afloat to keep the banks afloat so the same could go back and forth and thats why i think we have americans moving to vietnam also cambodia the article mentions for the cheaper the better standard of living but also really capitalism versus communism right its an autocracy versus a kleptocracy america is a kleptocracy thats failing and going the way of the dodo and vietnam is autocracy where they have like Singapore Singapore is a country where people have an incredible lifestyle but its not talk or say theres no what we would call freedom of speech but thats true also in america now the freedom of speech is curtailed quite severely it doesnt exist in the u. K. In my opinion and i could talk about that on some other time and im sure its very diminished in vietnam as well but you do get a great quality of life well that could be a trend i see Going Forward into the future is that if you yourself are not a citizen and care about the politics or the people running that country its safer in some ways to live in autocracies that you dont speak the language you maybe dont speak vietnamese and you dont care what theyre doing is so you dont have any expert thoughts to express that might upset the leaders but they have a good standard of living of course when you can speak the language and hear what those in. Missiles are saying in the white house or in congress or the senate you get angry and you start shouting and thats what gets you in trouble you know in terms of the standard of living i want to look at this story because this is one of the most consistent stories that weve covered is are we having inflation or deflation theres deflation in all the bad debts that the bankers wrote theres inflation in some things and certainly in the stock market weve seen a massive boom there but this is an interesting way to put it and this is adam tooze and he says the dispersion of price developments in the United States is such that it poses the question of what we mean by inflation remember this guy john rocker old in vietnam and a lot of people on c. And b. C. Or in the Financial Press will say theres no inflation you know the fed cant even get above 2 percent so whats this guy talking about in terms of standard of living but this is what matters because the red line are all inflation going up since 1907 food and beverage housing wages medical Service Child care College TuitionHospital Services so pretty much all those masses hierarchy of needs the basic needs that you have food shelter Education Health care of course is the number one and thats why the vietnam story while even these people on socalled medicare and were supposed to expand medicare for all theyre having to go to vietnam because even with despite being on medicare and qualifying for medicare theyre going to vietnam for cheaper and all the stuff like shoes and toys and household furniture are down so you can be a well dressed homeless person with a nice sofa you know on some sidewalk in San Francisco with this sort of chart and data its not really inflation or deflation its a bifurcation so these terms inflation deflation they tend to hint at the connection between the finance economy and the real economy and sometimes the finance economy gets out of hand and you have crashes. Yes and some times the real economy gets out of hand then you have stagflation because wages are too high but sense 2000 and getting even more pronounced since 2008 we have 2 separate economies there bifurcated theres the privately owned Central Banks who print money for private the top 110th of one percent of private citizens and then we have the serve class or the neo feudal class and these 2 dont interact anymore so inflation and deflation interaction that theres a theres an organic economy and sometimes you have forces of financialization that are checked by wages etc but thats dead thats dead since Alan Greenspan destroyed the Federal Reserve mandate and targeting only the stock market and donald trump also has only metric for success is the stock market and thats all driven by money printing and it all goes to a very few people in the private equity and Hedge Fund Business doesnt trickle down anywhere because theres no connection its 2 completely separate worlds down america its bifurcated well speaking of bifurcation i do want to know and i dont have this headline right here but over the Christmas Holidays the new year there was a story that will probably get overlooked but that is that several banks including j. P. Morgan and h. S. B. C. Allegedly were listening in on bank of England Press conferences via an audio stream sold to them by a 3rd party service. The rest of the world was looking at the video story they had special access the audio stream and if you know anything about streaming it obviously takes more time and energy to compress the video so there was a 6 to 8 2nd delay where all these banks for years and least one year the bank of england has identified but up to 3 years as many experts who in the 4 x. Market could see what was happening that something unusual was happening for the past 3 years so we dont know. How many millions of dollars maybe billions were frontline and taken from the rest of the economy thats a good example of bifurcation in the legal system so in the banks whether jaysus be seen others who are stealing money and caught stealing money there is no rule of law that applies to them because they position themselves strategically important to the economy and as eric holder did during the holder doctrine he laid out the case for banks being immune from prosecution and thats been with us now for a long time other folks that live in the other country the other world stealing is still a crime and they go to jail but that doesnt exist now because the laws have been bifurcated as well as the economy as part of like front running our other series here this 12 part series where were looking at the big Economic Issues this is directly part of this story so you have the obama and holder doctrine where we had to look forward not back dont prosecute these banks and in particular they let h. S. B. C. Go with the crimes they kept on finding j. P. Morgan never sentence anybody to prison for any of the crimes they did and here you have this nonstop thing and you know we have the situation now where all these millennialism generation z. Want a billionaire tax they want to take some of this back these ill gotten this odious wealth and then you have somebody like Mike Bloomberg a billionaire part of this whole wall street sort of front running sort of lifestyle where they have the data 1st data so a poor and even 5 seconds gives you a huge advantage over everybody else well the billionaires enter and say dont take our money we got this fair and square youre just jealous youre envious well i think a lot of people think its all about a rigged game and you know Bernie Sanders has articulated that the most even saying its a rigged game Elizabeth Warren also says a rigged game rigged game rigged game and thats the big issue i think looking forward into 2020 if you recall George Osborne it was the former chair. Or of the exchequer in the u. K. Was caught red handed along with h. S. B. C. Essentially overriding americas constitution they were attempting to rewrite our constitution in real time youre talking about that letter he sent to eric holder eric holder was about to prosecute h. S. B. C. Then there were some strange letter that George Osborne but in terms of this like thats what were saying is that there is a bifurcation going on and i want to point out that you do have a new pen on your vest there beyond bitcoin and that is the reverence go on because that of course is your clan maxwell clan motto rever esko will rise again will rise again and that could be you know with brags that now happening that you know a United Ireland and an independent scotland Going Forward so hopefully well be back there take your castle by house Castle Castle is ready to be retaken the maxwell clan currently doesnt have a leader im putting myself forward to be the leader of the maxwell clan our ongoing multi 100 year conflict with england scotland this is never been easier now to walk away from england to be independent from england and im going to be more of 2020 my goal is to leave the maxwell clan in our separation completely from england of course our lives could be reunited the 6 counties in the north would be going to be attics essentially by the republican thank god for the Northern Ireland because they dont want to be part of the dump called england and i want to quickly do it democrats need to accept these 3 to use to be trump a 2021 trump didnt steal the 26000 election to the economy is doing well even for the little guy 3 stop denigrating the voters i think that one is the most important this is from by the way its from c. And b. C. So the Financial Press in america saying you guys stop calling the voters stupid thats one of the cardinal rules of politics if you want power stop calling the other guys voters imbeciles deplorable and. The russia gate. Has cracked. By the end of the air will be hanging out with alex jones somewhere in austin texas were going to take a break and when we come back well have much more coming away dont go away. In the United States president ial candidates debate the future of the u. S. And the world. Stacy her but dig into the burning questions of this election cycle. Every week. Student debt trade was corporate money universal basic. And more catch up with whats front running this sunday exclusively on. Time after time corporations repeat the same mantra sustainability very important. Transitions to sustainable prize board sustainability space where man a more equitable and sustainable world. They claim their production is completely harmless. It. Companies want us to feel good about buying their products while the damage is being done far away and this is something this must be done even and i mean look. This is the mood stimulus and we didnt. Understand it looks so good and. So what weve got to do is identify the threats that we have its crazy to confront a shouldnt let it be an arms race and it is often spearing Dramatic Development only really im going to resist i dont see how that strategy will be successful very critical time to sit down and talk. Welcome back to the kaiser report imax keyser time now to return to our conversation about firesign is the author of plan a positive but on the show many times hes an insightful guy hes a wall street or he knows stuff lets welcome back great to be here weve been talking about gold for a while to morning 9 take a look at break it out man its up its a new all time highs again its currencies all over the world almost every currency all over the world except the u. S. Dollar is the 2020 there that goal that still all time highs against the u. S. Dollar mitch i think the Central Banks are destroyed valuing property markets the bond markets stock markets you know what its going to look at is youve got to look where other people are looking to find value in the come on you space is not nearly as much in a bubble as Everything Else in commodities are real assets that you can trade people need. For money see our currency in the next decade as its going to lose its luster us dollar gemini and in the next day 20 or so in town thats my big prediction and i think were going to be you know that will make thousands of percentages on the hyperinflation and look at what happened to venezuela and a hi there inflation rate is about 10000000 percent or something ridiculous like wow i mean this is what happens when you when you nettle difference on a nice play around so metals im very bullish on you know i think in time some substantial. In the price you should pick some up everybody should have is as a part of their portfolio i think that right now. Is overvalued especially the dollar then through next crisis and its people will flock to the u. S. Dollar is a safety trade in safe haven and maybe in the bill markets thats one of the last straw for the dollar next and who is Going Forward looking for a nap. And after the recent election in Great Britain we saw sterling is the worlds worst currency pump up at 135. 00 and it so well off the one 3rd i think sterling will go below one under the next you know in the next decade i think sterling is probably a good short on any i mean i think you know there is no value in it yet its increasing so i think sterling is a very problematic for instance the euros foam out it will soon in full evaluation with chinese one in the next and its all right i couldnt agree more and thats why im buying robles you know they are set for a huge move on the upside down or the commodity play and 2 they work around all the sanctions and the brilliance of management over there and let me ask a question here is kind of a thought exercise goal becomes a prized asset because of a scarcity value and as the paper money loses value all over the world as youve just described it so the commodity play would it be kind of like a tag on with gold in terms of its scarcity because the economy doesnt look like its going to grow any time in the world as a matter of fact the Global Economy is probably going to crash so commodities are is that a is a valuable thats a good play because its going to because of a scarcity value of commodities not because the world is an economy is growing in any sense match earnings peak in in the stock market in 2014 so you know its not markets when trading on stock buybacks their all time highs which is its a ponzi scheme that so you know commodities are real value you can actually exchange them for something somebody needs so that means that he is worth the amount of currency or for one or you know its needed and exchangeable for some teams of the last and gold silver op or oil or a basket of those assets. When you have u. S. Dollars is the u. K. Is like us no 250. 00 trillion dollars in debt not to the people realize its going to be as well goes everybodys been there for the exits and you know once we follow that it w