Absolutely right he is censoring the machinations of capitalism which weve doubt the weekends and gives us only the winners so that we may become glorious in our quest to dominate the Global Economy but because of the printing thats going on in the bailing out. Of the we can still weakest the monks just in Corporate America what happens is the vibrant new small to Medium Enterprises are pushed aside they dont have access to credit and the worst behaved myths the albatross the no good mics are flooded with cast to do more bad things exactly so here he is warning the Small Business is going to be doomed of course investors love that because just like Warren Buffett he likes most he likes only copleys he only invest in those like if if you could force the price if you could fix the price at whatever is not the highest profit margin Warren Buffett loves that Zombie Companies may soon represent 20 percent of u. S. Firms this is a chart showing the percentage of u. S. Zombie firms who are unable to meet their present Interest Payments from their actual earnings Zombie Companies destroy the economy in the long term so everything is about the short term right now as we you know because shorter and shorter term of the past 20 years and now were at the point where the while everybodys already spent the next 30 years so thats why were at this collision course between generations and the boomers and where it goes we dont know right well this statistic referring to Zombie Companies is very telling you know its its really the pictorial graphic representation of something weve been saying on this show or ive been saying on the shelf for some time now is that money printing doesnt cause a rebound in inflation it in fact causes d. Flay ssion and you have no statistic that proves that more than the rise of Zombie Companies right this is why money printing doesnt fight deflation it causes deflation because youre pouring money into companies that are zombies that have inability to function as ongoing enterprises but because they are friends. Of the central bank and because Stephen Knutson and donald trump in the all those folks in washington believe it strategically important to keep their donors these are donors thats who are being kept alive here are the corporate donors into Trumps Campaign are being flooded with cash even though their underlying businesses are not viable and no longer able to sustain themselves and end up with as zombie economy and this is growing by leaps and bounds and anybody knows that in a zombie film the zombie is the living dead the walking dead right theyre dead theyre Walking Around and they try to kill everybody else around them to keep themselves going and this is the same thing that were seeing in this cat socalled capitalist system in i dont think theyre protecting just so Zombie Companies yes or theyre you know donors but there must be the underlying derivatives which were many many times bigger so many many more corpses there than there are in that real economy we have the Zombie Companies so it makes perfect sense that we have zombie investors as well you will almost certainly lose all your money if you buy our stock or it sells perspective new Equity Investors yes 5 times in their prospectus for these new share offerings they said you will lose money it will go to 0 you are about to lose everything and the walking dead the zombie investor is on robin hood like give me your bad shares right there camels id like to eat the carrion of dead equity. Its like betting on which and of the titanic will sink 1st if youre buying her stock the whole ship is sinking but you make a bet as to which one it will you know which end will end up in the water 1st i mean this is worse than going to a casino because at a casino you have a very small chance of winning when youre involved in the hertz float of the sabi Stock Offering you have 0 chance of winning it is worse than casino economy its worse than buying a Lottery Ticket its the most egregious example d of blatant captured regulators who are essentially distorting the economy so that they if you make a point or you ask the question well its not just the donors no its not just the donors because behind the dollars of the banks this is all about bailing out the banks on wall street and why because they are the biggest contributors and owners of the fed the fed is bailing itself out the fed owns all these stocks the fed has all these loans the fed owns all these bonds when a prince money and keep Zombie Companies alive its to keep itself alive its printing money for itself and by the way whos a huge shareholder in all this nightmare Jay Powell Jay Powell is bailing himself out why cant people who are underwater on their mortgages or just been laid off in america simply print money to bail themselves out like a pal is printing money to bail themselves out thats not right is it that they are in a start you are in the position to 2nd. Is burning but im going but im going but i think highest pay pal and to bail out myself but im going by going but im going to print the money all day long to pay a lot myself because im a crook im a crook im a crook right and but meanwhile ben bernanke you the previous fed chairman is over at citadel yes were going to get to citadel because that is of course part of this hurts story and you know it emerged the data is coming out about just how much they are robinhood the app is giving away these free trading but the free trading actually costs a lot i. E. Theyre selling their. Data the the the flow they stung that information to High Frequency traders and the Number One Company theyre selling it to is citadel which where ben bernanke you work so that would seem like on the surface it looks pretty dodgy so on the topic of dodgy corrupt central bankers like jay powell theres ben bernanke the the guy who is sitting in the chair of a fortune a pal over citadel Big Hedge Fund run by ken graphic that just bought an apartment in hatton for 250000000. 00 with the money that printed by ben bernanke and he gets given the trades on robin hood before they hit the floor before the trades are hit the floor of the exchange to be executed ben bernanke the looks at the robin hood traders and he says oh my god these idiots are buying hertz so he puts an order in before they do theyd flood the market with their orders price moves up and hes out so he scalping scalping scalping the robin hood traders hes stealing from them hes like sticking a hose in the gas tank and siphoning gas out of the neighbors car hes a larcenous dick pilfer and just so you understand max keiser has the patent on a Virtual Specialist Technology and citadel all these derivatives traders all the High Frequency traders j. P. Morgan black rock which is now managing this bailout fund for the fed all of those companies have their own patents that rest on top of maxs patton you can see the references if you go to the google patents on line with your patent number 5950176 so this is the this is the expertise theyre building on that macs create well i feel like Robert Oppenheimer you know who created the atomic bomb and then regretted it you know i created the Virtual Specialist Technology just for its market manipulation to create this fairest exchange in the world the Hollywood Stock Exchange but it fell into the hands of wall street and now its used to rip people off and im very sad about that talking about ripping people off we have another headline about how much private equity costs mostly to the Pension Fund Industry but 1st well talk about cowpers which is. The Biggest Pension Fund in the world certainly in america its there its for Public Sector and california and cowhorse the biggest us public pension is considering boosting leverage to as high as 20 percent of the value of the fund or nearly 80000000000. 00 based on current assets in order to achieve its 7 percent annual returns target so this is j. Pow this is janet yellen this is ben bernanke he and this is Alan Greenspan they cause a situation of allowing that that the pile of fraudulent debt the black hole of debt that causes the inflation that they keep on printing money to throw into they have caused these that this is the next mess this is where the risk has been transferred because remember the tyrant in the central bank that they dont want price discovery what theyre trying to do is to prevent anybody from understanding the risk theyre taking well the risk doesnt disappear disappears off of citadels Balance Sheet perhaps but its put here in these gallant sheets of the Pension Funds absolutely this Public Pension Fund cowpers long term toxic risk dump i remember when i was on wall street you know working for a big firm on wall street a lot of times firms make mistakes right you take out a big order take on a big trade and somebody messed up the order and suddenly you know youve got a 5000000000. 00 loss or 20000000. 00 loss or a 50000000. 00 loss and so the firm is on the hook for that money now i personally have seen executives big wall street firms call up the pension manager at a big firm like cal pers and dump that loser guaranteed loser into that fund and thats the job of the pension manager at a place like calipers is to be compliant in a fraud being a toxic risk dump and so now theyre saying you know our returns are terrible well yeah theyre terrible because youre not you dont have access to winning trades youre only given the losing trades oh so you get a lever jump the fund to try to make up for that so what wall street remedy theyre going to triple down on the fraud and you know were going to get to this next headline but just google out there google cowpers. Bear stearns c. E. O. s credit default obligations theyve got a large debt obligations so cowpers during that period of 20082008 so read that and you can see where risk goes to die again risk dice in your pension fund dies in your municipality guys where its going to her harm the most people right spread out across the peasantry away from the top 0 point one percent and that is this really is a staggering statistic investors paid 230000000000. 00 in performance fees over a 10 year period for returns that could have been matched by an inexpensive tracker fund costing just a few basis points so that is private equity was handed all this money mostly by Pension Funds like calipers and they took 230000000000 in fees and they did not outperform just buying a simple index that costs you know a fraction of a percent right its a its an enormous down the private Equity Industry as as it is the hedge Fund Industry hedge funds very rarely outperform the market and it in any consistent way and even Warren Buffett has failed to outperform the market for 15 years in private equity is huge you dump of fees but you know that great marketing and theyre out there in the hamptons like monks people that dont know anything about anything railing and they get them to put millions of dollars into this great private equity fund mitt romney you know over there bain capital all hell you know will make a lot of money for folks well no mitt actually you down and thats a giant scam well all our president s all are former treasury secretaries all our Federal Reserve chairman they all work a private equity or hedge funds and write the presidency is just a way to get something on your on your resume so that you could leave and then do Something Like productive in your life all right well well take a break and when we come back much more coming your way. We go to work. Straight whole. Thing. Welcome back to they report imax ties are time now to turn to stephen call it if its going has that investor stephen call welcome to the kaiser report and welcome back thanks for having me so lets discuss inflation and war so one of your recent quotes is that bitcoin lets you legally opt out of the inflation tax can you elaborate on this whats war what inflation stay in absolutely the endless war that is all are around us all the time that weve gotten way too used to there was once a time when going to war was a big deal and it was voted on and taken very seriously and now we live in image in which thats unfortunately not the case were kind of bleeding trillions every year maintaining these president s since for better or worse overseas. Fighting a lot of fights and in some cases maybe going on a national weapon. So what that means for individuals in the country is that your savings are often used to fund these wars and these Government Programs and often that happens in a way in bit most people dont understand so rather than the government having to go to citizens and say hey we want to fund this institution go on this campaign provide the social service whatever it is whether its good or bad that should be a conversation it shouldnt be that the government is able to quietly in hidden behind complicated jargon be able to steal the value from people who are trying to save money so if you have dollars in a savings account the Central Banks printed a lot of dollars in the last few weeks somewhere in marions or 3. 00 trillion dollars were created out of thin air in recent weeks and those that dilutes the value of your savings doesnt necessarily happen instantly takes time got it. Trickle through the system a lot of complicated supply and demand but eventually if you increase the supply of an asset there is no escaping from the effect of that on the holders of that asset and unfortunately in many people are paying an inflation tax today in the us and they do and in virtually every country and they dont realize it because the government doesnt talk about it and doesnt frame it that way but if you hold your wealth in Something Like bitcoin that is scarce that they cannot print more of and you effectively opt out of that tax and doing so is beagle in a lot of people are calling for defunding the police youre saying why stop there why not defund the pentagon right the pentagon one and a half the 1. 00 trillion dollars of our tax money and over half the taxes are out of the pentagon and they start wars without any approval and that family wars of convenience as theyre noun simply to keep the defense contractors you know flush right theres no point to it then profiteering and so with bitcoin its a way to define the pentagon and you know i still a lot of. Kind of a spinoff from black lives matter now youve got several groups in the black community saying you know we can opt out of the american system completely with bitcoin are they right they are right theyre absolutely right you can for the 1st time in our lifetimes there is a practical way to opt out and escape from underneath that system. Back in 1930 s you know gold has been the soundest money man ad for the last few 1000 years and back in the 1930 s. The government made it illegal to own gold to maintain their violent monopoly over the monetary supply so f. D. R. Issued an executive order 6102 and. Said anyone holding gold you have to give back to the government heres how much money well give you for it its not a conversation and bitcoin has many strengths that make it resistance to that same type of Central Control and that same type of attack vector governments cannot easily use physical violence in the same way that they can with assets like gold to force you to hand them over if they want your value with the well that youve created for your hard work and time and effort and you hold that in bitcoin they have to come ask you for it and thats it sounds small but that is a game changer because it is effectively on confiscated dollars was being indestructible and on the sensor ball which is also very important on the geopolitical stage where the dollars used as a weapon the us to call a sanctions and or the law censor the Swift Network for transferring dollars all around the world and using the dollar politically now another big kind of interesting division thats opened up in society right now is an intergenerational division saying got the boomers versus the millennial rights the boomers are really trying to hold on to the status quo the millennial are saying wait a minute you took all the money both of ours and you know you little and gave us all the debt all the student debt all this other debt and this again is an interesting way for a millennialist to do battle with the bomer is because they can defund the boomers your thoughts agree very much i think thats one of many examples of specific sectors of society waking up to the realisation that they are futures has kind of been decided for them theyve been signed up for these that and these obligations in ways that they you know they did not have autonomy over and it wasnt a conscious decision on their part and so as a practical way to kind of make that conversation take back some of that power and that lever. Ridge they can opt into bitcoin and thats true for you know maybe its millennia old and the Younger Generation who are already more comfortable in the digital rea