Transcripts For RT Keiser Report 20240712

1020 years and that is you have this new cities trap and we see that with this growing tension between the United States and china and the fact that we outsource all our jobs to china and the 3 cities trap is the tension that arises when a rise in power is about to usurp a decline in power so we do see that around the world but at the same time just as like nobody the power whoever is the power the alpha super super imperial power they dont want to give up their power who wants to give up power right the same with on a generational scale were seeing so youre seeing what is called the 4th turning and this was written about back in 1901 they predicted actually in this theory that in the year 2020 that would be the year where it all adds together and they didnt even warn of this other bigger 4th turning coming with a 3 cities trap but here we have the generations e. And the end of the millennial displacing boomers boomers dont want to give up their power and they certainly dont want to give up their 3rd element the exorbitant privilege member as the boomers who have more than any other generation really. Lived off that exorbitant privilege of a total of based on the u. S. Dollar so i think these are the 3 ingredients coming together you know this is our theory like looking at these 3 theories together and perhaps this could explain right well you know so things go in cycles right things go in seasons were familiar with the seasons and then there are the cycles there as they can recall cycle as a 60 year cycle in economics theres the boom and bust cycle theres the 4th turning right so this is a book about cycles in American History that are roughly 70 years in length 80 years in length and that this 4th turning would be the beginning of a chaotic to mulch us period and it was foretold that in 2020 this would kick in so it was predicted and you know we on this show been talking about why in 2020 was beat cycle be 10 to 12 years from 2008 because in 2008 there was the Global Financial crisis and the solution was not to reform the Banking System to stop the crisis from repeating again the solution was heres a bigger credit line to the worst banks in america to do the same thing but much worse and we said we predicted within 10 to 12 years there would be a repeat of the 2008 crisis but much bigger in a much bigger scale so its exactly whats happening now so whether its the kaiser report banking crisis cycle the 4th turning the Business Cycle the seasons you know cycles repeat as lenny bruce once said the famous comedian from the 1950 s. And sixtys the earth is round man. Right so ok the 4th turning according to William Strauss and neil how who wrote this book back in 1901 when they were looking at these 80 year cycles thats 4 generations that started actually in 1000 in 2005 the 3rd. Turning ended in 2005 so i remember from 2005 was the beginning of this financial weight this crisis this nonstop crisis because thats when all that subprime mortgage fraud was happening in the packaging of that into fraudulent debts that were sold around the world that was the beginning of it so it always ends up in a huge explosive peak like in the 1940 s. We know world war 2 that was the end of a 4th turning so they were predicting from about 2020 to 2025 there would be this the explosive end of this but you know so im looking at all of these ingredients and these 2 things they said it is trav and the 4th turning and the exorbitant privilege and ng and we saw that happen in 2020 when we saw the us when Oil Prices Went negative thats the end of the petro dollar system so i want to look at what the Mainstream Media and how theyre presenting that tom alter that is happening joe wiesenthal at bloomberg said still i think about the tweet i saw this weekend someone claiming and ironically that the reason people were protesting is cause the fed bought 900000 shares of the j. And k. E. T. F. These are the junk bond e. T. F. And hes pulling and mocking the idea that the fed intervening in the markets and who holds these junk bond e. T. F. Who is he bail out who is the fed bailing out that this exorbitant privilege that is not understood by the masses that theres a select group of people who could make bad mistakes you bought this junk it was about to go bust you got bailed out the people on the street theres still people who have not received their Unemployment Benefits 2 or 3 months later into this crisis so you have those bankers immediately bill that instantly fed money gets deposited in their bank account but a lot of people are still waiting for their bailout funds this is an example of gaslighting right so joe is a bloomberg you know hes their official gaslight or in chief right so he takes that obvious connection. That the people are protesting because of the enormous theft of billions and trillions of dollars and the role of the fed that plays in this transference of wealth and that injustice the injustice right and hes trying to hes trying to claim that no youre the insane one right this is what the gaslight are does they try to claim that no what youre seeing here i dont believe your eyes dont believe your ears you know youre a crazy right so thats his job and to he makes money as a gaslight are ok i get it but people should understand that what hes saying is patently false there is a connection i think its also i think its he could just be a Marie Antoinette like figure and hes not like intentionally ghastly isnt taunting anybody he genuinely is part hes lived in manhattan hes from bloomberg multibillionaire enterprise you know that he can only see what he you know all his friends Marie Antoinettes friends were nice and kind and they they were well meaning and had good manners and they spoke well they read well and they understood beauty and why you know lets just give these peasants brioche if theyre so angry when i hear you saying in terms of joe that maybe hes just genuinely misinformed on this topic but if you look at what he does over there at bloomberg is that every single time something comes up to challenge the status quo like bitcoin i told joe wiesenthal the 5 bitcoin under 10. 00 he started gaslighting immediately ok lets move back to this in the seventys strap in the 4th turning because this is the way bigger story here and and they exorbitant privilege that went in this generational shift here because the Federal Reserve Balance Sheet could reach 9 trillion dollars this is according to the Financial Times again just like bloomberg so this is the world they know and understand and they have they have received privilege from it so you see again from the beginning with the 4th turning 2007. Barely anything on the feds Balance Sheet then the crisis hit in 2008 and you see the injustice of bankers getting bailed out the rest of the economy getting nothing and now were up here weve just soared to 7 trillion and theyre expecting it to soar by another 2 trillion so within this theme of a generational battle vs. Geo political battle between a rise in power and a fall in power and the exorbitant privilege of the us dollar which has maintained these in the power structure as it is thats disintegrating in my opinion and thats the biggest story in my opinion right wrong ok so they say ok go to 9 trillion now when it was a 2 trillion not too long ago we said theyre going to follow japans footsteps and its going to be 100 percent g. D. P. On the feds Balance Sheet so this idea that it could go to 9 trillion we know almost without doubt that its going to over 20 trillion its going to go to 2325 trillion and higher we know that right now thats not even the effort to bait and why because in 2008 the economy died and the only thing left was to print money and to support the. Continuing our class the only player left is to buy their stocks for them thats it thats all we got left so again the 4th turning started in 2005 this is the rise of a new generation the millennial as and now and what happened from there you could see it in that onion headline mocking these looters protesters criticized for looting business without forming private equity firm 1st so this 2005 to 2020 so far these past 15 years weve seen that absolute plunder as a business everywhere you look private equity we started with that we talked about that recently then you saw the share buybacks plunder plunder plus. Plunder derivatives explosion plunder plunder plunder plunder and thats you know whether they knew it like logically and they were thinking about this or it was just an instinct for their generation is they knew it was coming to an end and it was like plunder as fast as possible take all the privilege that we have as a boomer generation that had the largest voting bloc like take that plunge our fastest possible always tough time right and as i said this was triggered in large part by 911 right so when 911 happened we saw an enormous acceleration of the plundering because the continuing errors the top 110th of one percent got really scared and as they pulled money out they went off shore with that 2530. 00 trillion dollars pool thats managed by the 4 big Accounting Firms including k p m g and others we saw a need for the them to money supply to ratchet up rapidly because a lot of that was being stolen out of the system siphoned out of the system and then when they did this to money expansion and they Balance Sheet of the Federal Reserve expanded so rapidly what they did was to appease their. Sponsors over there and the container class they bought their stock for them and they put on the Balance Sheet of the fed and while the supply went out. What did the velocity of money do crash since 2000 and weve shown this chart just recently in the last 2 weeks and that was courting effect the place how does joe wiesenthal explain the philosophy of money crashing joe ways a problem. Because hes gaslighting i mean if you were just look at 2 plus 2 equals 4 you know that would be like beyond his comprehension like oh my god youre trying to distort reality all right were going to take a break and when we come back much more coming your way. You cannot be vulgar with yet you like. 5050. Welcome back to the kaiser report on max keiser time now to turn to gave or girl back sees Digital Assets strategist and director at van eck and the i s. And Investment Management company well known for its e. T. S. Sold disclosure i happen to know some of these that act e. T. F. Including g. D. X. And r s k gab are welcome all thanks for having me good to hang out with the kaisers because a sukkah so bad act is most known for these e. T. F. Exchange traded funds briefly explain what an e. T. F. Is to the audience and how they 1st came about if you ask me 16 straight its so basically a fund that is traded on the exchange like a stock traditionally mutual funds have only traded at the end of the day but introduction of yes in the early truth you can start trading funds or gold because multiple securities underlying like stocks stocks intraday so you could express your opinion on the market the sector a country or a commodity primogeniture day in real time and this made it very convenient for investors to trade unregulated brokerages with Real Time Data and low costs now vanek created americas 1st gold fund back in 1968 when the company rightly predicted inflationary pressures coming as the us spiraled toward abandoning the Gold Standard what is the case today for owning gold in the world of bitcoin when i can be it was one of the companies that correctly identified the coming inflation and re actually in fact identify trends that likely create impact for Investment Opportunities and that was a big old one in 96 paid by joe and john back and were also there on their rare early firms who provided access to International Markets and so the base case. Or them best case that i think thats important for gore this is the largest safe haven assets today a trillion dollars rarely could market Central Banks or own gold and there are tons of sequels and the in the markets Like Exchange traded funds mutual funds that offer exposure to gold and gold equities so today and the Institutional Investors that really see are still taking gold overpeck corn as a liquid in large markets this establishment trego it in a way thats liquid in a way that investors prefer although i think the quinta have a chance to become the joke or that some of them pass to just do that large institutional or large. Brokerages and Money Managers like van act and others you know i remember back when i was working on wall street the 1980 s. You know we we were dealing with the ban act all the time in s. Got a great reputation but you know the types of organizations are not necessarily known to being on the leading edge of finance innovation and yet vanek would just jump right in the big coin pull right away kudos for that and i think it served you guys very very well you have recently been quoted big coen is a nonviolent revolution against Central Bank Monetary control tell us more. You know i do do things in a central banking activity has particularly d after the 2008 financial crisis and there is trillions of dollars printed out a pen and the average investor doesnt have any control over this process or saying that and my belief is that the average person should have some say so the only way to express an opinion thats true investing. And thats why i think a better quantum goals are similarly and nonsovereign issued a nonsovereign created d currencies and it is a revolution climate as investors and people can generally use to express their opinion. Again i think central banking has gone too far and in depreciating currencies and making decisions on behalf of people and theres no way to opt out except through these currencies that are not directly regulated by some spanks and i think theres more there are millions of people that have an interest in you know nonsovereign issues currencies and its not necessarily because they dont appreciate government and new forms of governance its just because the value of dollars and currencies are the preceding in our pocket so they had against this kind of depreciation or looking invest in the markets and and. I think you know bricklin is one of those instruments that has emerged as a potential store of value in gold obviously is auctioning nonsovereign the shoe store about and frankly i think now and the fact i think if you look at the history of Central Banks Central Banks are buying gold around a roll d hedge against themselves. They claim being another alternative is actually very positive for everyone including banks play to me how works over there vanek because youve got of course maybe some different camps different ways of thinking because sensed a recent crash in the stock market and the huge bounce back in stock what we know is that its almost entirely driven by Central Bank Money printing the fundamentals of harlem and yet stocks are going higher thanks to the fed buying stocks the fed is actually buying e. T. S. Right what i said there would be no stock market rally at all theyre the only as a matter of. They outbid warren buffet for Airline Stocks thats why he didnt buy any Airline Stock because the fat outbid him to buy Airline Stocks so within the vanek community is there 2 separate camps think because yes youre talking about a nonviolent revolution against Central Bank Monetary control meanwhile theres other funds in the vanek umbrella of funds that are participating directly in the Central Bank Monetary control whats going on over there anything so i mean obviously they are on a firm have many act different activities of the Firm Managers and you know my journal there is that people should invest in the stock markets and should participate in the comic anomic reality and they should have some reasonable exposure to stocks bonds and whatever is available out there i dont d so i emphasise and this is what the Financial Service Community Happens to forget that its good to have 1st and there has been things can go wrong and thats why now it is my responsibility to add the view on the gold is important because it is important watch out for inflation while they are in a deflationary environment that is you know the real cost of living in the fed how to fish the u. S. It is an increasing 10 percent a year so these are you know and every company there are managers for instance like myself that tried to call attention to catastrophic scenarios Like Central Bank failures extreme inflation and the valuation of investment banks happens fast in this market so im in the back and im in the camp that that warns others to compliment their portfolio but gold and the corn to prepare for a potentially catastrophic scenario and beyond that we offer exposure to Different Countries stocks russia vietnam into major interesting areas like east or 2 or investment bonds and everything like that but we also try to highlight the risk and risks in the system which we i think do more prominent way to many other Asset Management met. Gers enhanced our efforts are and bold and and the market helping hoping that one day people will be able to express european and trip it clean and fair enough now lets get into some integrate here because there is no bitcoin e. T. F. Which is right surprising to me because theres obviously a huge market for this you know Barry Silbert over there at grey scale he is pulling in hundreds of millions of dollars a quarter right hes eating the fund industrys lunch hes making the e. T. F. Industry look very slow and unresponsive to the public demand the Public Market why is there no big point e. T. F. And there should be a because if you mention this many times obviously working with one for years. From my bill my belief is the best plan brings that kind of structural benefits to the markets and. One of that as you know daily proof of reserves transparent holdings prices property tax documents and intraday tradeable it even no lock outs and high premiums those are all the benefits that would help the average investor to access this market now liquid and regulated day and you know that as you know theres literally the mission of regulators so i say that and they should actually approve a bit corny too. To allow people d d theres kind of more like that and then transparent instruments regulators are dragging their feet as this is a new asset and while we know that the coin is more than 10 years old mountain established in the grand scheme of things its actually a very limited amount of time when man and brought to market the 1st gold equity and the 6th time its ok for us also to build their established country funds that are not were not favorable at the time so time to build a nice sports franchise just takes time for regulators on their stand this market though i do not believe that they are correct in their say. Asked men that theres more risk in men importation and the corn than other markets ive written numerous studies and papers showing that they call in as just as good as market as gold and other commodities are so eventually i think regulators will come around because they can is already ubiquitously available on Crypto Exchanges and you know and random closed end funds and private because and the logical next step would be to really allow the corn to come its yes base and in fact you know the a. T. F. Market has become a 6 trillion dollar industry in roughly 20 years i do think that the next phase. If he asks and the next great Investment Vehicle will have a go have something to do but the point and the organization so as you know if you have 4 very small 20 years ago or in the match 6 trillion dollars if my go to 20 trillion dollars in the next and years you know whats the next yeah and that investment structure is going to be brought about by beck when and tokenization and so this is very good that were looking into this for the regulators right now and eventually my hope d is that they will d come around its not you know the shortness of effort to bring about a break when e. T. F. We have been trying and and put proper controls around the nickel its just regulators havent made up their mind the they usually take the time write love me and put pose a scenario you tell me if im being paranoid or not because the regulator say that one of the problems with the big when e. T. F. Is they dont have good prices scot free on these exchanges. And at the same time theyre perfectly happy allowing an a. T. F. In the oil sector life goes under the Ticker Symbol you ask and my question is are the regulators seemingly playing favorites here because obviously a big 20 t. F. If its a threat to the industry that they regulate is that an issue in this case because this argument about x. Your price discovery doesnt hold water its obviously a red herring because if you can easily disprove that but am i being paranoid what do you think they are absolutely correct there is a persistent double standard against the quantum vegetal assets which i think is wrong ive shown it again and them or start as public and private ones to regulators d that the current price discovery is a session and in fact more efficient than some of the commodities that you mentioned the oil market and i think one of the solutions that we worked on is we have a german subsidiary called m b i asked fully regulated and accepted the area that actually became the largest crypto Index Provider so we actually built. The built regulated in the seas that regulators started feeling better about that house price discovery so you know really work critic shane just to get the right that we showed to regulators that screen that. We showed d that you know we do the same professional management. Precautions that we do but activities and other afa classes as well and i think theyre getting they had their understanding of the space so a bit better i do not believe that pricing and price discovery is a big issue and track reus sold that a number of our clients on this such that there you have approved registered funds and switzerland canada and japan and like other places so this is i think its important to know that Global Regulators have recognized that we have sold this problem and that and sooner know that red arrow later the u. S. Regulators will recognize. Thanks for being on the kaiser report thank you for having me. And thats going to do it for this edition for the cause report was made nice keyser and Stacy Herbert want to thank our guest deborah grr backs of that if you like to reach us on twitter its kaiser reports like time by. We go to work so you stay home. Join me every socially on the elec some im sure ill be speaking to guest of the world of politics sports business im show business ill see you then. Unbelievable. Shocking. This is not a video game the average us citizen is over 10 times more likely to be killed by a Police Officer than by a terrorist. After witnessing a wave of Police Brutality that he has which appear on my news feed every day i decided to investigate the problem of Police Brutality in america. In United States the police kill stupid people every day. And night. These are the official numbers according to unofficial numbers the Police Killed 4 people a day but. The killing of people in this country has become a routine something normal it seems that human life is seizing to be the most valued human right one tune. And just like that the person is dead. Elliot were in minneapolis minnesota this is a quiet and a fairly small city in northern United States as of recent several Police Brutality cases have happened here were on our way to betty smiths house 7 years ago officer Timothy Devon took her sons life the officer is still free in service sometimes their patrol car drives by this very road right next to bettys house and the officers wave it betty i can just not imagine what betty must the went through. A very. High i think you say i mean. This is quincy graduates in a high school there that if you see my son wasnt even this tall as i am and i have heels on thats sure