the fed the fed keeps on intervening as we've been talking about since september october of 2019 in the repo markets it's expanding it's expanding you know what else is expanding because everybody is looking at and waiting for a market crash and they've been of course waiting for this market crash to happen for the past few years and never comes it never comes but here's an interesting indicator and this is one that i know that you were involved with with karma bank a long time ago 1718 years ago and that was the price to sales ratio because this is an interesting one to look at the price to sales ratio in the s. and p. $500.00 which is currently $2.00 is the highest in bloomberg data history going back to $990.00 stock price as a multiple of sales rights of coca-cola does a dollar and sale in the stocks of $5.00 for any of 5 time sales right so it's an indicator that gives you an indication of where stocks are valuation wise historically price earnings ratio is also one looked at price to book is another one to look at what i mean by medievalism and i think we're heading into this is that the metrics that are used to measure stock valuations are meaningless in the 21st century when you have 0 percent interest rates effectively and you have unlimited credit available to what under theodore roosevelt in american history would have been called monopolies but continue well of course i would say that the fed are. like in medieval times they're supposedly the ones that have all the knowledge they have a special book that nobody else can read there's no printing press there's no ability to read and understand and sit in a room and read this knowledge and share it allegedly but there what they're doing to what they see is wrong is money printing which is the equivalent of putting a leech on somebody's head or drilling a hole in it and putting the leech on top of it trying to suck out the spirits the evil spirits and and terms of what the fed has done and whether or not it's you know we are in bubble territory or who's driving who member i keep on saying what came 1st the chicken or the fed because if you look at this chart of apple and tesla you know they were going up and down sometimes in tandem sometimes not until . when the fed started intervening in the repo market and now you see them that's a genuine parabolic move that they've had since then as you know apple a huge corporation the biggest in the world the 2nd biggest doubled in a year so that's unusual to double from a large sized company like that 'd but it has along with tesla so either their fundamentals are exactly the same and their their c.e.o.'s are doing something uniquely interesting and and creating wealth possibilities and a future that looks bright equally at the same time or perhaps the fed is doing the right thing to in the case of apple the biggest company in the world at 1.4 trillion dollars they are engrossing they are grossing themselves out on the free money that they get from the central bank to buy back their own stock yes and every coming bigger than many nation states and there are now only 4 or 5 of these huge mega corporations and again my theme of medieval ism you have these 5 times you have the king ships you have the terror the lands of apple in the land of tesla and the land of google and people who live outside of the gates of these castles our services are nomads are without anything there in san francisco they're literally getting medieval diseases like typhus and deaf a-k. thing in open definition in the street this is the medievalism this is what i call neal feudalism and it's now a happening at an accelerated rate again here is the fed intervention what they're creating with their you know putting leeches on the global financial system. perhaps it's working they think seem to think it's working but on the other side you might look at this sort of information i'm about to tell you and think oh my god you gotta take these leeches off big companies have never dominated the s. and p. $500.00 like they do now top 5 apple microsoft google amazon facebook now make up a record 18 percent share of the benchmark cap thanks to monopolistic rents right then i believe that no metric measuring the valuation of the stock market applies anymore when you have those 4 or 5 companies they've got 18 percent of the overall market capitalization that number will go to 80 percent and i predict in the next 5 years because we're heading toward a neil feudal period where those top 5 companies and some private equity firms and a few like blackrock own everything the entire stock market and bond market is being taken private with free money and the result will be medievalism male feudalism it's clear as day well they do say something like over 40 percent of companies on the s. and p. $500.00 those not those top 5 they have they're zombies essentially if it weren't for the fed's free money they would disappear they would be gone they would be out of business but i think part of what this all this intervention is is again crowd control as perception they need to pretend like they're 500 companies when they can have the s. and p. 5 yes but that is indeed the fact however we need the illusion we need the audience we need the population to believe that we all could possibly be in the s. and p. $500.00 that there is competition we do have capitalism and therefore they need to have $500.00 companies survive so that's why they pretend that those companies that's part of why they have to intervene and put all the. leaches on the economy to make it look like there is indeed some sort of capitalism and competition and of course as you and i have talked about for since moving back here and having to subject ourselves to obamacare and note that we're on this a see a marketplace it's called a marketplace but there's only one provider for health insurance in many states and we're going to look at another story related to this macabre system where it's all a potemkin economy it's not really there it's the there is no competition there is nothing real there high deductible plans jeopardize financial health of patients and rural hospitals according to the nonprofit national rural health association bad debt for all hospitals has gone up about 50 percent since the passage of the affordable care act in 2010 why has this happened because of the high deductibles and we'll get to that in a 2nd people in rural america were buying plans maybe for the 1st time but buying plans they couldn't afford said maggie elway need the group's vice president for government affairs and policy the plans seemed to make sense at the time until they got sick so what happens with these rural hospitals is that these people have $10000.00 deductibles out and say somewhere in wyoming or the dakotas or colorado remote areas and the rural hospitals are not equipped to deal with huge major catastrophic injury in a car accident or heart attack situation what they do is they get the patient is brought there to the rural hospital they stabilize the person so they survive for the next hour or 2 then they transport them to a big city hospital which has the facilities well the 1st hospital to see them get stuck with the deductible the 10000 dollars deductible the insurance company pays for anything over 10000 i the big city hospital the 1st hospital the rural hospital has the rely on the patient to have a 10000. dollars and chances are they're not going to get paid so the rural hospitals are collapsing yes so health care is collapsing and so mortality goes up life expectancy in america goes down opiate addiction goes up suicide rates go up because private cut private equity has got into health care business and they are the biggest laces of all and they will suck every penny out of everyone's orifice into all they're all dead and they'll be sudden collapse but you see in the statistics people i see the news all the time where people say there's a temporary fall in america's life expectancy over the past 3 years they keep saying oh it's a separate fall now it's institutionalized permanent fall in life expectancy because you're promoting suicide and private equity to kill your population so is permanent you fricken idiot it's also ok to miss. like it's neo liberalism when neo liberalism is a market will solve every single thing and a half 1000000 mark in a market price and all this sort of stuff so what you have in the financial markets what's happening is the fed is saying you consumers are not spending enough so therefore we're going to punish you we're going to have repressive tax rates inflation rates also we're going to have negative interest rates we're going to take your money it's going to cost you more money if you save even a $1000.00 it's not worth it just goes spend it and it causes negative side effects here the same thing is obama really really genuinely believes in creating these marketplaces even despite he could see the fact that it was only one provider in the entire area and he believed fervently and he in his macand mckinsey sort of consultants working for him designing obamacare they met with the insurance companies and what they said as a very high deductible will make consumers really active consumers they'll go shopping around for the best cost and all. sort of stuff well as there is there are hospitals are showing when you show up in a coma it's very very difficult to negotiate prices it's very difficult to you know while you're there pumping your heart trying to stabilize you while you're having a heart attack who are you how much are you costing like what are you putting into me wait do you have a cheaper supplier like you don't know how you can't do that in that situation so these high deductibles are in fact not causing people in heart attacks having strokes accidents any of these sort of life threatening such that they are not turning them into brilliant consumers right right the word they're being male liberalism yes right so this is the this idea that really i guess from milton friedman forward under the reagan satcher doctrine that markets are suckers sanct and we entered a period of what we call market fundamentalism because it became similar to religious fundamentalism that americans would believe in the sanctity of markets above all else and that there was nothing else on plant they worshiped price the price discovery even though this price discovery was driven by a monopolist credit tours shady bankers hedge funds and ben bernanke right just the worst character cast of characters you could possibly some bill in one place and not in it without it being actually the opposite of heaven and the result is predictably horrible so $120.00 rural hospitals have gone out of business in the last 3 years and most of them are in the loser states deplorable is all those places that hillary said are the losers again this is the cycle of. you know your policies don't work so blame the victim of your policies you know we put a leech on your on your financial system and we've destroyed it and we drilled a hole in it and it's all leaking out all your wealth all your life force is leaking out to manhattan and san francisco and l.a. and you're the loser for this according to the woman they're interviewing here from the government and affairs policy for national national rural health association the exchanges have never worked the way they were in visioned she said the goal was for you to go on your computer and it's going to be like buying an airline ticket and just shopping around for what makes sense for you there's no shopping in rural america you have one choice people are notoriously stupid when it comes to making a mint economic decisions in the short term this is what drives folks to make bad consumer choices which is the essential component of the american economy what 70 percent back consumer choices which has led to the opiate addiction the life expectancy crisis the infant mortality crisis and the ecological crisis so let's apply that faulty logic to health care so that people will voluntarily make bad choices in the short term about their health care on top of all the other bad choices they're making in the short term thanks obama the bad choices is evident in the fact that one in $4.00 an hour overpriced system is spent on diabetes and most of that diabetes you know some of it is caused by genetic you know people were born with diabetes type one but diabetes type 2 which is brought on by obesity and bad choices about food again partly because of all the subsidies and the interventions in the market which cause an oversupply of corn which now we have corn syrup in every single thing because there is too much production of that but these are the bad choices that lead to a single supplier marketplace i mean is everybody is acting like we don't see the wizard of oz that. he's just the guy behind a screen like that nobody seems to mention in all these democratic debates for example that there's just one provider like how is that a marketplace why are we not calling out this potemkin economy we're going to take a break don't forget to drive by a local grocery store pick up a bag of max's leaches 95 it's a great deal so if you are the 2nd half coming right your way. all of the government. would want to see the show and see governmental speed so we'll see in the. weights not realised has been plants. the problem i see is they have these government to use in my view much more. to be more effective in doing what it's ordered to do the problem is that it will move will be drawn so it will be a stated goal and then me and the idea is to make states investment was more effective it's more but it would be bad yes private. must lead people by its own keep the slow you force me to do the focus on the us to do so. one. of the. most good movie. boy. little shame. the last. thing and. what politicians do such as we do. we put themselves on the line. to get accepted or rejected. so when you want to be president or injury or somehow want to be brits . what's it like to be cross with what will befall us 3 in the morning can't be good that. i'm interested always in the waters of a crowded. first city. welcome back to the kaiser report i'm ask iser time matter of turn to our conversation with chris martin sort of pick prosperity dot com chris welcome back back thanks it's good to be back next hour writing that let's talk about your career a little bit you started off as a biologist so your thoughts on what is happening in terms of the apparent collapse in the number of insects it the absence of splatter on when she held for example is any guide we did a couple of cross kind of a country road trips in the last couple of years and that the only state where you saw blocks bug splatter where 3 states where they were not using monsanto but and it's comment on what's happening with the the holocaust of insects happening right now yeah i'd be glad to and i'm sad to you you know i'm of an age where i remember that if you left your 4 slate on in august you woke up in the morning your screen was covered with like this prehistoric menagerie you know it's almost scary huge things monson beetles and all that they're all gone and you know people are younger may not know that because they didn't have that same baseline of remembering and so what's happening here i've been writing about this incident least 2015 i put an article out about how it's the new nicotine oids it's a class of pesticides they're highly persistent a farmer sprays them on and has a half life of a 1000 days so that means when you know 3 or 65 days passes near using it again there's still a bunch in the soil it accumulates it's not an insecticide it's a biocide of birds get too much in their system they die it's a really nasty compound and it's everywhere you see it's been used probably insect populations are so limited and insist awful so that's really syngenta bear are the ones i guess now months and all got papa bear so they're the ones who peddle this stuff it's awful farmers say to me you know i get angry e-mails whenever i write about it's like call it lazy farming and let me tell you how bad this. but why call it lazy if you coat a kernel of corn with this stuff by the time that corn seed sprouts and becomes a full plant it is toxic enough from what it's absorbs from that coating it's toxic enough as an adult plant that any insect that munches dies right so that's how toxic this stuff is and pharmacy all chris you know you don't understand if we didn't have that we go out of business not thinking well how did we get to 2008 when those things got introduced on a mass scale plus to most use something else right so it's really silent spring again it's d.d.t. it's awful as a biologist i will tell you this wiping out the bottom of the food chain is a very bad idea i mean that shouldn't get it out to be a biologist understand that but it's rippled all the way through it's down on the birds i can tell you anecdotally my bird feeder which i was have a couple running plus a sewage theatre i have maybe 10 percent of the birds i had last year because we got wiped out no insects and just you know one mosquito i can feel bad slapping this is now they're like everything's where this is just one more thing that is you mentioned people can notice when they're driving you don't get the splat on the windshields anymore in fact you can drive often hundreds and hundreds of miles and have no insect strikes in the middle of summer on your windshield that's really bad that's part of the thing that gives you that hit my stomach scientists have allegedly intranets some sort of robot out of genetic materials of a frog and are we destined to be evil frog robots haha pep a the frog may may have been a right what are your thoughts on artificial intelligence and robot stress well you know maybe there are some some. hope in this story that if we did actually create ai that was smart enough we could set it loose and tell us what to do because ai can handle things that are more complex than human brains can really grok and so we might not like the results though ai may come forward and say hey growing cotton in the arizona desert. is a dumb idea you have to stop right and it may tell us a bit real estate in phoenix doesn't make sense anymore because of the ground water is able to tell us things that should be obvious you know maybe i don't have a lot of hope that we're going to do the things that i call techno fantasy utopia where people go chris we lose all the b.s. we can make little drone b.s. and i'm thinking well well who's going to be plugging in and repairing a 1000000000 little bees every night so they can go around the next day is just silly it's fantasy time instead we should be talking about how we should be wiping out the bees in the 1st place i know a lot of people are concerned about that but people don't know what to do about it and that's why everything we do a peak prosperity says it's up to us the individuals can't wait for them they big brother the whole government to figure any of this out for us it's time for us to get involved and do what we can and there's a lot we can do and that's the good news so you know i don't know where else to start in this story besides there right well on a positive now. i think it's clear that even when hammonds become extinct in the next 20 years or so our avatars will continue to sell them access to basic avatar will still be doing the kaiser report in cyberspace far ai robots for their amusement you know the same as a big on but that's how the whole continuum continues on from the original. burst of life forever that came from so you know elon musk and jeff bezos and other billionaires are seeking to go off planet possibly mars possibly australia what do you think they see up there well i think they see some sort of hope and salvation that if we wrecked this space ship humans have an escape valve and maybe we'll live on mars my retort to that would be if you can't make this place work good luck making mars work any better i mean this is the most forgiving most wonderful most abundant spaceship you could ever want to have planet earth this is highly robust and enduring and if we can't work it out here. trust me we're not going to work it out anywhere else maybe more wagga slee i would say if you really think mars is an awesome idea there is a valiant and inept article which is just as cold and just as dry i bite people who go spend a couple weeks there and come on back and report how awesome that experience was and then we'll find out mars is a good idea or not right well i'm not hopeful that there will be many lessons learned i mean after all we were tall explicitly from the indigenous population here in america what would happen if we continue to do what we were going to do next tony ayres they were right we committed massive suicide anyway it's been fun being a man now aside from their blog posts what was once available at dick prosperity dot com i see you have a seminar coming up in may tell us more about this well this is where you know you and i'm we've been talking a lot of problem definition what's the solution what you do so that 3 day seminar may 1st 2nd 3rd best friday saturday sunday out sebastopol very nice and day out there we talk about what you can do about all of this we talk about 8 forms of capital financial capital how to protect it grow it is just one form so it's social capital emotional capital things like that and we've got a really great lineup of guests this year the best ever we've got mike maloney coming i'm on board also peter goshen who wrote he's a professor he wrote how to happen possible conversations which is something that everybody needs to have a conversation about these days and a whole lineup of other people charles you smith richard heinberg john rubino lot a lot of great guests oh so wonderful time and it's where people can have conversations like we're having and i would other very successful people and not feel like you know you're talking to somebody who's who's about to walk away from you thinking you're nuts so it's a great it's a great time it always fills up and really looking forward to that so i love spending time with i try to people. sobranie back to economics are you talking about south sovereign say and you know and the mixer that talk about gold right gold is a way to for folks that sovereign saying that savings based on something that they can trade so is gold still in the mix of how one becomes self sovereign while it is and i think the theme for this next 10 years that i've been writing about is really it's hard assets gold and silver represent wonderful hard assets i guess we have to include palladium and platinum and and all those other things in there now too but as well i think productive real estate in land my larger thesis is i think this next decade next stacey i think this is going to be that the largest back to the wind movement in our country's history larger than the oklahoma land rush of 873 more than the hippies in the sixty's going out and you know scratch and mouse and carrots in the dirt this is going to be a really big back to the land movement driven by a lot of need for people to get out of the city environments for a variety of reasons that i talk about but this is that's my pieces i could be wrong but i'm talking used i see it as being the time when people understand finally is infinite growth thing isn't viable option and the conclusion you come to with that is a mentor should have some land and something actually back to nature and growing things and a deeper sense of community those of things i think are going to drive this but how do we avoid this what seems like the inevitability have really m.r. jing as a society based on that film idiocracy where people are watering the laws of gator aid and the the accumulated wisdom of the culture and society has been lost through massive stupidity and people don't even know how to have had a grow a carrot any more it's lost and they and it's just we just die of stupidity i mean i think that's that's like that's a pretty substantially high and real risk christe well it is not i don't know what to do about it across the whole culture i'm personally involved in the acquiring of a center and events. center that can hold a 150 or so people and we're going to be having we're general of agriculture happening there and we're going to have a place where people could come and learn you know maybe people from brooklyn come up and collect an egg out of a chicken coop and watch it cooked and understand you know that's how our breakfast gets made so i think this is what needs to happen is we do need that reese going on doing something about it all the people of our tribe are doing things about it on their end as well at home learned how to garden learn how to grow how to how to fix and don't things again that sort of maker community by the way a lot of young people are going back route is well so i'm really encouraged to see that happening right now one final point or so you write that one good thing about the fed is destroyed our future it's in advertently giving us one precious resource elaborate on this if got about 30 seconds it's given us time all of this market propping and all of this is just a little bit more time i want people to use that time wisely understand it will and when it ends where you're going to be what's going to look like it could be uglier than 2008 are you ready for that there's a lot of goodness that comes with these kicking the can down the road what you need to be ready for when it ends right well that sounds interesting and off and look for saying at the event possibly thanks for being on the kaiser report actually glad to hear you might be there. and that's going to do it for this edition of the kaiser report with may max kaiser and stacey aaron like to thank our guest chris martenson of peak prosperity dot com if you'd like to get in touch with us on twitter at kaiser apart the next time by 0. in the united states presidential candidates debate the future of the u.s. and the world. next kaiser and stacy herbert's dig into the burning questions of this election cycle one topic every week will tax student debt trade wars corporate money universal basic income and more catch up with what's front running this sunday exclusively on how to. i i i i. don't believe he's going to look good 7 7. i. sanctions running information warfare as a wrong. website is shot. u.s. treasury. told to go into hiding i mean a few years debate on free speech teenage girl received death threats and. media to discuss whether there should be a line between hatred and freedoms. in the headlines. british prime minister the morning. sun emissions are. striking any.

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