Then we got hit by a pandemic and now we have mass unemployment and things like that thats the fear system leaving and this is the the hardening system the hard money system and touring and to join us through this time we have gear mo who we we met in mexico city said am ex say he was so wise and he told us about hard money so hes actually pretty hard if you pick him up its really hard unlike plucky who eat took with us through the central banking field idea of corn chaining hes quarantining but hes really floppy you know he can barely hold the worlds most famous central banker hes the most famous central banker but this is hard money era so we have a stone cold headed just like your jacket weve been signaling this so we have to join us to talk about briefs for the deepest recession on record says bank of america analysts as jobless claims surge to 6600000. 00 they believe that Unemployment Rate is going to go to 15. 6 percent up from 3. 5 percent in february so thats a huge rise in Unemployment Rate we havent seen this and our lifetimes this sort of surge this rapidly well even the 3. 5 percent Unemployment Rate is a bogus number you know they dont count people who have stopped looking for work and they dont count all kinds of people in that number of the actual numbers a lot higher than all the government published numbers are fantasy numbers and we live in a fantasy economy ever so slightly in 71. 00 when we went off a currency that have some relation to gold to purify money currency the 1st time in global history be about a Global Economy run entirely on fantasy ists printing coupons and then pretending that they have some kind of backing and. The numbers are meaningless so if the Unemployment Rate is 15 percent 20 percent 30 percent its kind of meaningless because these are mostly gig jobs anyway that dont pay enough to survive on you need 2. 00 or 3 of these jobs and the whole problem is not work because workers on needed taxes are on needed and earnings for corporations are also unneeded they dont need any of that stuff if i can just call up the European Central bank and say hello ira age tall Moet Hennessy id like to buy tiffanys and i dont want to pay anybody for it i want you to give me the money European Central bank i want it if you get for me you and all the people you represent in the e. C. B. And he goes yes sir but here it is were going to wire the money right away and they give to this guy louisville its all. Say they gifted him to fany as a gift from europeans on this look it up you know this is that i think some slop working at mcdonalds is going to be able to call a p. C. B. And say. He didnt. Know thats likely to work as a i have no idea why he did that in a british accent it was in fact a french guy pin know who receive that money are are no that was kind of the peak of that era so here we have this Great Depression looking numbers and the unemployment numbers and bank of america sees 15. 6 percent unemployment so that that system is looking degraded and sick and in fact sick isnt the 1st words here of this tweet does this chart make anyone else sick fed Balance Sheet rockets up corporate earnings going straight down further evidence we dont live in a Capitalistic Society at last 4 decades of extreme leverage to conceal declining productivity to enrich a small elite on full display so as weve been covering here on the kaiser reports earnings have been declining for years now but to spend made up for by on the one hand stock buybacks where the shareholders are losing basically and the company is losing. Because its losing its cast its access to cash its taking its cast off its Balance Sheet and turning it into free money for the corporate elite at the company and thus basically ravaging their Balance Sheets and we see that now because theyve spent hundreds of billions of dollars in the past few years and now theyre requiring trillions of dollars of bailout in fact theyve spent over 4 charlie in the last 5 years on bell on stock buybacks and now they require a bailout for that amount but also the fed printed money printing has caused the inflation which causes their stock price to rise so hes covering up this huge decline in earnings and do they have big point arrangements drome are the c. E. O. s of these Companies IncludingWarren Buffett are they just doing something thats patently moronically to destroy themselves and their country and the economy and money or the big question protocol which i believe is selfaware and is part of the seti project the 1990 s. A search for extraterrestrial intelligence remember was the 1st parallel massively parallel computer project that went out there looking for other forms of consciousness that work because it gave birth to be a coin in 2009 as part of the seti project and we have alien intelligence reaching out to our global unconscious and destroying people like Warren Buffett on the unconscious level who is actively. Pursuing the money delusion and the having is coming in may and its the quantum pardoning event and were entering the big question singularity in 2020 or entering the bitcoin singularity in the 2nd quarter of 2020 well speaking of that youve signaled to the audience whats coming next and this tweet from atom back big question having is quantitative hardening fiats undergoing lots of politically driven quantitative easing equate supply algorithm starts quantitative hardening next month as weve mentioned many times over the past few years were entering the 4th turning these are big seismic shifts of like collapses of empires and the rise of new powers the end of a powerful generation on the boomers more powerful simply through sheer numbers we have these new generations of millennia coming on who are bigger than the generation before them of boomers and x. That everybody forgets but nevertheless we have these seismic shifts coming up radical shift and the end of a fear out regime and the emergence of something new will have to replace it as a hardening that will happen and well see what happens there because it is absolute scarcity which is before bit coin unknown but you dont have that with gold gold is you never know i mean theres always new supply of gold and they could start mining gold from asteroids or from seawater and thats not absolute scarcity because it is awful and scarcely that you can use as the hardest money ever known and humanity and that means that you have the possibility to absolutely transition the global consciousness from being buried under an egocentric consciousness driven. Parade of hugo maniacs and plunderers like are no l b m h short jamie diamond or Lloyd Blankfein to a sente and consciousness around altruism and love i mean this is the ushering in of the law is the coin transformation singularity will you talk about that ill think it may still and i said that that was sort of a signal to for the end of that regime the other thing that weve seen over the past. 10 years has been fracking that was also a real substance you cant have g. D. P. Growth you cant have an economy without energy you need energy as an input to develop goods and services around the world and yet here Something Real met the enormity of the fake mass right the end of its regime where. It never made money ok fracking never ever made money it wasnt making money at 100. 00 a barrel it certainly wasnt making money at 10. 00 a barrel youre starting to see Companies Like whiting huge fracking outfits go bust so youre starting to see that but the other number that was interesting is you know people kept pouring money into it like investors kept pouring money into it even though it was never making money that you know it was a black hole just a collapsing black hole of oily debt and you know ever increasing amount of people willing to invest and but. The demand for oil is now down 25 percent in the past month so just like unemployment numbers shooting out we see that a collapse in the demand for oil twente down 25 percent and yet the us factor is because they keep needed to make their Interest Payments on their bond payments you know they have been pumping in function from thing all the way down and you know that the people at the pipe running the pipelines and the tanks are saying stop the sun up enough euro is telling them enough yeah the fractures are able to beat a dead horse more even than Hillary Clinton messed up and they are as weve said on the show for many years people say you know i hear what youre saying on the kaiser report and sometimes it seems to one step removed from what i could what i would conceive as being a practical day to day knowledge that i could use but look at the fracking story weve been covering now for almost 10 years weve said for 10 years a it costs more energy to go and then you get out and it cost more cash that goes in the come out its cash flow negative and that its only there to generate fees for the bond sellers who work on wall street to perpetrate this massive fraud called american shale industry weve been saying that for 10 years now the reality of that delusion is hitting home and but for anyone who surprised by this are losing money on this its too bad on them because we were very explicit in the explaining to them that to invest in fracking at any point over the last 10 years would be like picking Hillary Clinton to win the next president ial election this was only possible in that old regime were exiting the easy money regime and were entering a hardening regime because this everything is changed nothing can ever be the same so that sort of fantasy that number those headlines on like newsweek or Time Magazine saying were the you know were better than bigger than saudi arabia of oil and the fact is we were. Never it was all a fantasy it was a fiction it was a hollywood film because if we could crumble like that and disintegrate into dust in the texas desert at that at the cost of you know once oil goes under 20. 00 and speaking of hollywood that takes me to the whole thing not the having this is the holding. Box office in hollywood the Domestic Box Office movie theaters brought in a whopping 5179. 00 for the week of march 20th to the 26. 00 down 100 percent from 204000000 193406 the same week the year ago those numbers are just incredible he says hollywood films are like fracking its been around for a 100 years and its all been a losing business for the films in the studios are the box office is a loss leader they dont make money because fraud for them tax fraud its just like you are saying they are with all of the l. V. I. Mates and then getting ready for there was an iran there was hollywood accounting thats what they call the enron accounting is about a fact when i work and i was Stock Exchange the executive who came to work for me at h o sachs was going to go to enron but then enron went to 0 and then he was working at Sony Television they were going to go to enron because they were working on the fantasy that was their Business Model is that he came to the hollywood Stock Exchange right andy all right were going to take a break and when we come back much more coming your way. What is the difference between embarrassing gaps in elder abuse joe biden certainly excels at the former and maybe is the big name of the latter we are told mention of Mental Health limits to what degree is the public the right. I dont trust medical authority at all ever and the reason for that is i had this horrible autoimmune disorder growing up and it turns out it was completely alleviated with very drastic dietary measures and i went to a number of doctors to discuss what happened to me and i was basically laughed out of the diet has nothing to do with autoimmune disorders so my suggestion to people who have Health Issues they cant figure out if theyre going to see a medical professional and theyve been going for 10 years and theyre still in the same place they should probably take it upon themselves to Start Testing things out testing out diet testing out exercise and try and figure out things on their own. Going welcome back to the kaiser report im max kaiser time now to go to the 1st and the best says tony 11 the finest Investment Banking in bed cohen and krypto from back to the future simon dixon simon welcome back thanks for having me in these troubled times so simon dixon we are seeing trillions upon trillions of bell out money and quantitative easing being thrown around what sort of money is being printed what sort of that not being printed and who will benefit most because everyone same preoccupied with the Health Crisis right now and you know people have got other things on their minds and its you know every once in old people are in suits situations of desperate need at the moment and the government is for ever cynical addicts and i guess they have no choice but to throw everything theyve costs but at some point the slow slog and the financial crisis thats going to become a reality often we get 3 themselves crisis and so what were seeing right now is in other times of crisis for example the American Civil War government simply printed new money called the greenback which is essentially debt free money that was introduced into the economy its but what were seeing right now is that the government is using quantitative easing where essentially the central bank is buying Government Debt and then that Government Debt is going to be used for all the different packages that they need to gather including helical to money its really why did they need to already gotten the 1st place and why couldnt they just introduce that were getting lots of interesting questions they would debating whether accounts for these individuals were going to actually be created its directly at the said giving individuals the ability to have a shared account which really got a lot of pushback from all of this the Banking Community that would much rather be speaker. This isnt the normal way is mrs usual with the bank in the middle so the flow of farms are going to really unquestionably have so many consequence is especially as we enter into the inevitable financial crisis often we get through this Health Crisis challenge so the question people always had about the dollar or anything money starting back in 1981 when the world went on a purif money standard for the 1st time in history the question was always well what backs to see money and we hear from policymakers a lot of convoluted theories about economic schools and policies now and 20 and 20 we know that nothing backs the greenbacks they the money its just printed out of thin air like many of us have been saying for years now the stone longer an allegation or a theory its obviously true one big question people are asking is well now that we know that the money is simply printed out of thin air backed by nothing why do we pay taxes at all simon dixon this is a question thats stopping people to rise up and as a lot of social unrest out there because people realize that taxes are a scam that this that theres nothing backing this money and so why not why the why even collect taxes simon dixon well this is going to lead to the outrage questioning everything so this is really i dont want to be practical but this is a global recession and the Financial System as a result close so much happening as a result you know people are going to be asking questions that they are not necessarily all for even the government and ask the question of why do we need to order it through the bull market im shocked that in for instance in these repayments when we can just great to get direct without the Federal Reserve in the middle individuals are going to be asking the question well you know why all the accidents in the summer is when we can see that the governments going to. Have to bail out anyway individuals are also going to be asking the question which is what next. The lead to the financial crisis all well when i get my fellow called kimani and ive got my income right now the last thing i want to do is use that to pay my mortgage in a time when i probably call the repossessed so people are going to be thinking oh paranoid and there are a personal situation and conservancy and conserving. And that inevitability must be false and the ball gets small in old ages which then leads to the plot so that fractional reserve Banking System and then inevitably which im full costing will be the Central Banks all the governments creating their own Digital Currency and essentially allowing banks to go off without people using that money by giving them the ability to open a wallet with a cent for buy if they have 10000. 00 in their accounts a bank in it but not with the Central Banks and i think theyre going to see a ruined from Central Banks on traditional vines as we inevitably experience the john norman consequences of essentially the Worlds Largest rate its a ponzi scheme that weve seen in all of us part are actually in banking you have a background in banking youve been a big coin in crypto banker since 2011 you wrote the book bank for the future and you outlined a lot of these issues with banks and ive been studying money for decades now i want to ask you a theore