Go birth yes i know youre thinking i look a lot of i like think lo jack no jack jack well jack i think were jack yes i do look a little bell if thats prince or go home to her money printer thank wont jack go burrow now was this. This is a printer roller this started the American Revolution because this technological advance allowed newspapers to get out quickly and allow the word to get out that we need to revolt and we need to change everything in the america to become independent you invented this like great great great grandfather hugh bax well thats right he invented this 1817 but after the revolution. And whats this series of medium you know that this is a laundry press. Looks like a Printing Press sorry laundering money with a Printing Press 5 think whoa jack whos a conducting me more fair. Whats all this mean. If yes all of these are in our headlines and actually thats why im also wearing my own as our kara due today because im looking like Wyatt Langham from the ozarks series the ozarks series got me thinking ok because what is that was our series is this respectable middle class families from chicago moved to the ozarks in missouri because the guy well the couple theyre laundering money from Mexican Drug Cartel so when they arrive in the ozarks what do they do they look for money losing businesses big money losers they must be huge money losers because they need to launder a lot of money for the Mexican Drug Cartels so that story line from the ozarks stood out to me when i saw this headline and read through this data from wall street dot com what uniform money sinkholes actually disrupt he goes through wayfarers zillow left we work carve on a tesla air b. N. B. Kasper sleeve zoom way and all of them are losing huge amounts of money so much ill tell you just wayfarer which is this online distributor of furniture right you go there and you buy some furniture and its supposed to be cheaper well it apparently is so cheap theyre giving it away because the thing that makes wayfair unique is that its losses have nearly doubled every year theyre rising on an exponential curve from 77000000 dollars in losses in 2015 to 194000000. 00 a losses in 2016 to 245000000 and 27002504 1000000 and 2018 nearly 1000000000 in losses and 29 teams i think the insight that you bring to this and its really interesting how you been able to cobble this all together that the only model that we see that loses money like this as predictably as this would be Money LaunderingMoney Laundering like a Mexican Drug Cartel for example. They would happily lose money in a casino in america because part of something is better than 100 percent of nothing and so losing money is part of the Money Laundering model as a model a Business Model and we look at these unicorns these startups and Silicon Valley like the ones you mentioned we work. Way fare goober we were lift theyre all losing money exponentially so then you have to ask yourself well maybe the model is to lose money and so who is laundering the money who is laundering the money i think thats the question who is the Mexican Drug Cartel equivalent in the Global Economy the who is that actor im going to say were straight up its not any of the corporations themselves what im saying is that we have the circumstantial evidence of Money Laundering so where do we you know if if this is going to be tried in a court of law like how do you find out why these businesses are losing money and its not just us unicorns and Silicon Valley by the way its fracking max and i have covered this with such exasperating like why do these investors continue to lose money year after year for 10 years and of course with the 1st business to basically introduce this model with private equity and private equity are like the capo de capo there thats where tim geithner goes to work thats where ben bernanke us work thats where former president s go to work is for private equity groups and private equity what they do is they find nice healthy Profitable Companies with Pension Funds and huge amount of assets like sears remember sears had all these. 100 something Year Old Company with lots of beautiful buildings worth a lot lots of real estate and they strip all this out swap it for that and lo and behold it falls apart under a big debt load and so my theory is that the larger picture of the Money Laundering is. The system is a fee out debt based system is that putting in essentially what ill say is feudalism and laundering and out on the other side comes capitalism which theres a believe this is all capitalism and its a free and fair market right well lets say you had a group of folks and the objective was to shove all hundreds of billions of the trillions of dollars into their pockets and not just a little bit of money but the g. D. P. Equaling size of money like if the g. D. P. Is 20. 00 trillion and you wanted to dump 56710. 00 trillion dollars into the pockets of your friends how could you do that without causing inflation well you have 20 or 30 Silicon Valley unicorn startups that are burning billions of dollars every day yes but you as the executive of those corporations or as a fund holder or as an intermediary banker are taking a cut so those debt unicorn economy and Silicon Valley is the feds. A lunny laundering operation to get that money into the hands of the billionaires remember during the pandemic the billionaires made another 250000000000. 00 i think its actually 45450000000000. 00 but they didnt cause any inflation wages went down i mean inflation in the sense that the g. D. P. Went up in any meaningful way the g. D. P. Is actually contract so how did they add 450000000000. 00 into billionaires pockets they need a Money Laundering operation is called fracking is a Money Laundering operation clearly it always has been and the unicorns a Silicon Valley its a Money Laundering operation clearly theyre not meant theyre not theyre not there to make money just like when mobsters take over a restaurant and then they launder money through until it goes bust and then they tortured yeah they get the insurance cash now here the fed runs their billions through these losing corporations and so they go bust like we work and then they torch it and theres going to be a bag holder that we work c. E. O. Lost billions and billions of billions because a he was the stupid guy at the poker table he was the chump but he got involved in a Money Laundering operation he wasnt even aware of it and the result of course is that just like that mob run restaurant eventually goes bust it has 2 words the American Economy is now on the verge of completely going under and now now the torch comes now the just put it all down when you look at a lot of the operations that the mob or cartels run the Money Laundering operations theres no there there right there its like its a fake sushi shop its its kind of has a sushi sign and they do do make some sushi if you dare eat it and my point is they knew but its not like done to any profession they dont spend any money on ingredients or something its meant to be a money losing operation so. Thats part of this hollowed out a condom you see why there is no Wealth Creation here is its been its taken over its all cartel and mean the cartels for example need somebody to produce wealth in order to spend on their products but we are. At the point where its all just these money losing operations and its just and i think its. Laundering your concepts your principles your ideas about time the negative Interest Rates of energy and matter like negative oil prices these are like gaslighting you theyre messing with your mind and laundering your ideas about how the world is supposed to operate and look herbalife we covered it its clearly a Money Laundering operation there its a money losing business theyve got hedge funds involved and theyre going to 650000000. 00 junk bonds done theyre going to sell to the fed so the fed is acting as the capital cop oh theyll buy the junk from herbalife theyll go to payday the stock will eventually go out completely to 0 because its a piece of garbage but as a Money Laundering operation herbalife is great but as unicorns of Silicon Valley as Money Laundering operations there are great the most important stories not individual companies none of those individuals no individual fracking rigger operation or play none of that is interesting in itself whats more important is the big picture of what is the Illicit Activity what is the thing that is overall like you know what the drug cartel why theyre laundering money and so if this entire system of all your businesses of all your industry is losing money almost intentionally that is establishing the primacy of debt but its also like i said laundering your ideas and concepts so when feudalism happened how it ended was our ideas changed and we realized that the king is not divine hes not divinely appointed heat we are equal the enlightenment came about and you realized wait im a sovereign individual i dont have to like abide by you but here we have where theyre trying to do the same thing and opposite they theyve learned from history these futile people have learned from history so theyve added these sort of layers of like its a game and its fun and and theyre rewarding the people. Who like all those Unicorn Companies you know those guys their billionaire Money Laundering. Not much drug cartels are profitable you know until everyones dead right yes well exactly but its not like were not pointing a finger saying that operation is but the system is itself its like he says it what wall street says here these Companies Lose money hand over fist even during the best of times theyre designed that way and executives are rewarded that way and investors want it that way they disrupt existing industries by not having to stick to the principle that a business has to be a selfsustaining ok so by not focusing on an individual company lets just say compared to a narco state you have a narco state yes in south america right its a narco state start to them right and this system the state is is is constructed of built around narcotics trades here you have a Money Laundering operation in america its not a narco state its a fear printing state equivalent to a narco state so jamie diamond goes to d. C. And goes to jay Powers Office and goes to so j. Ews with im going to do im going to lose like a 1000000000. 00 today it will give me 3000000000. 00 ok if you dont it d is going to break your legs and j. Pals like who precludes this 3000000000. 00. Then let it go worth it please dont kill me jamie diamond ill berbera blew the money for you its a norco state american Money Laundering operation thats going bust theyre going to push it anyone got marshalls. Ok were going to take a break and when we come back much more when the roster coming your way. Odd no team no crowd. No shots no. Actually well to be. You know well strap both of those 3. Points your thirst for action. Every single culture on earth has prohibitions against kill. At the same time virtually every culture on earth warmer more due enormously if he was killed the right person and in one setting it is the most horrendous damaging thing to match in the world and in another setting is a little wondrous thing that they will give you a medal for that people will vote through you because of that the people will mate with you because youre good at doing that sort of say. Problem drugs dont always come from unscrupulous dealers but from pharmacies to in every state in the United States we see me very sharp increase in the number of people seeking treatment for addiction to prescription opioids beyond invaded america under the banner of medicine persisted with the pain but instead of trying to wean him off though she just goes after dose after dose after dose and really became his drug dealer so whos to blame patients doctors manufacturers all the governments of. Welcome back to the kaiser report im max as or time now to turn to Michael Kroger now Michael Kroger is one of the oh gee independent financial journalists we used pick his brain for years and hes only gotten better and better over the years michael welcome back oh thanks max yes great to be always you guys again and likewise youre 2 are like fine wine over there heck yeah that also assess your the introduction that youre a banker turned economic philosopher over there Liberty Blitzkrieg dot com is where everyone can find your writing and you crank out a lot of really excellent high end writing and we always turn to it every week for inspiration and ideas now Michael Kramer while the pandemic may have brought death and economic suffering for sub. It has also let the tide out of our collective delusions and we see the ideas that are wearing no sure its like money printing what lies in your opinion have been most exposed so that sure the money printing is one of them but one of the and i havent written a post about this quite yet but i but i probably will in future and i have tweeted about it i think theres a huge Silver Lining to the pandemic even though its extremely hard and difficult and horrible for a lot of people because people are being abused you know by the government because of the cant a lot of factors as you talk about all the time. But heres the thing i think that while people are for have been forced at home theres going to be a certain percentage of the population that has just getting a wake up moment and this and they will question you know their lot their lives you know the system all of that stuff is the stuff that you guys did decades ago this is the moment that i had about 12 years ago that changed my life forever i think a lot of people millions tens of millions and surely in this country could have that a week from now when i say that a lot of people come back to me and say well no what are you talking about like have you talked to most people in this in that theyre not rich enough theyre doing nothing theyre playing video games theyre buying stocks on robin hood and yes i agree most people of course are going to be in that but but my argument is you need a small percentage right maybe less than 5 percent lets say 3 to 5 percent of americans have an opinion during this lockdown during this quarantine about their lives and truly make a decision to change that could change the whole country right this idea that the masses in general you know and i know it sounds wrong to say this but its also true are usually and almost always spectators spectators to real change now really weve all been spectators for decades now while governments and Central Banks and all of arcs pillage us but i think its a small percentage of those people that have been pillaged. To wake up the whole worlds going to change the big big point for example right when when big queen was released no one knew big queen was in the works no no one knew it was about to come out and all the sudden one day there is ok and i think a similar experience is going to happen in a few years i dont think its going to be clear until a few years but i think maybe around the late you know around 20242025 period youre going to start to see inventions youre going to start seeing new things emerge that you didnt could never expect or think about and i think this period of quarantine in lockdown right now is that incubation period for a lot of great ideas maybe even novels new writers inventors i really think were going to have an invention cycle is going to start probably around 2025 and take us into 2030 and maybe the next decade will be a really true you know sort of renaissance and golden age but its and i think this quarantine lock down will be will be a catalyst for that so i guess what im saying is you know my advice to people is to do just that if you can you know to use this moment as a time to truly reflect and change and take action however you can take action because were not going to vote out all of our its not going to happen were not going to vote out and the only strength that we actually have a disagreement become very clear is to change ourselves and then in the in the however ways we can take revolutionary peaceful action do it in layout an interesting idea there that is going to have a renaissance era in this country and around the world people who are locked up suddenly right discover their inner strength and america theres a very strong tradition of Self Reliance and that if once that is reignite it could bring in a wave of selfreliance people making their own food growing their own food as you do and colorado pay paul suddenly waking up. To the fact that everything they need to be happy is within themselves and they dont need to be in debt they dont need to be consuming so much they dont need to go to college and incur a lot of debt they just need to get in touch with themselves its very socratic in that sense i guess this is economic philosophy on the ot