Tariffs on china but nevertheless theyre getting blamed for the fact that the pandemic has caused the collapse and consumption of lobster which all comes from maine and canada but a lot of canada apparently has some trade deal with europe and theyve sold more of their lobster to europe and so we have an excess of lobster and we bought some from me and i got shipped overnight from maine so were celebrating having some lobster down overnighted lobster from maine is delicious and you know lobster is just one part of this global commodity breakdown and they look at the commodities commodities told different stories them stock markets and bond markets right stock markets and bond markets responded money printing in a big way and not so much in the commodity market so the oil market the gold market the agricultural markets Coffee Market lobster market like they actually reflect more of the supply and demand of whats really happening around the world theres more of a price discovery in those markets not perfect but it is better. Then you find in the Financial Markets so with the lobster market being disrupted in this way kind of shows how youve got these trade wars that were now this is a consequence of currency wars remember for about 10 to 15 years it was about a currency war because china pegs with currency to the dollar and they do so in a way to try to export their way to financial great best at the expense of america then trump started to question that and now were into more of a trade wars and according to our friends youre also want to of course currency war leads to trade war leads to hot war and hes still on the on the periphery a little hot war happening here and there so i guess thats where we are in the cycle yeah and of course you know it being independent say we had independence from the british monarchy from taxation without representation and now of course weve come full circle because we have the taxation without representation which is the inflation caused by the Federal Reserve bank so nobody really understands what it is its very well hidden this is not transparent we dont know how big their Balance Sheet as how much our money is being devalued but another now canceled founding father who was George Washington who you know i think were still allowed to say is name but nevertheless he did say that we should trade with all nations no foreign alliances or to entanglements like lets not get involved in other peoples wars lets not become an empire and of course we are here now as an empire so i think you know a lot of people naturally think like you know were number one which means the elites are number one you get nothing because once the elite have an empire they dont need the domestic population they dont need the consent of the population because they just plunder from overseas right they take the Iraqi Oil Fields they take the Libyan Oil Fields they take all that stuff and they control and dominate through like the dollar reserve system and they dont need the people and you could see that instinctively. A you know there it maybe were not articulating it maybe many people arent articulating it but what they feel is theyre not needed you know just thinking there when youre talking about the fed and the inflation and how its detectable its like you know the people who die from gas coming from the oven or gas leak because the gas is odorless yes and so for safety purposes they add an odor to the gas so that people would wake up and say oh my gosh you know were dying because of this gas leak you know the fed should attach an odor to the u. S. Dollar so that when it arrives in your paycheck when you go to the bank you go to the a. T. M. Machine its thing really rancid league to alert you to the fact that this is actually a debt thats being pumped into the system to debase your livelihood and debase your family and to debase your quality of life and to debase your humanity it should really stink badly and you know how we domestically we have so many laws that the average american commits about 4 felonies a day if if the government feels just like the days of the monarchs you know capricious thats not enough and feels like on a whim deciding to destroy your life you see that all the time and you saw that with the fact that anybody around trump could be destroyed based on relatively minor procedural thing right so the same thing internationally were seeing like with this lobster story its like we have so many sanctions and so many layers of tariffs and and things youre allowed to do and who cant do that and youve crossed this thing and you know theres so many. Ways to punish people whether its in the past you punish bank parable all the french banks got billions of dollars of fines on them because they traded with somebody we didnt like things like that but again like once the empire is over and if you look at europe i just mentioned france like if you look at france and you read the history the ordinary french peasant the bottom 99 percent lived horribly while they had a huge empire you know across the world much of africa. And they had a horrible life now they have an amazing life the french person takes like 8 weeks vacation here they take the whole summer off they they have 2nd homes they eat so well they they live well and thats because the government is afraid of the people and why are they afraid of the people because they now need the consent of the people so you know this is a government we clearly in america no longer the government doesnt feel like they need the consent of the people right the people to better if the country that theyre living is not an empire yes think dickensian england of course happened during the english empire yes right so an american slums that are growing at propitious rates because america empire because its easy for the top 2 feet everything and leave nothing for everyone else america would be better off if it was not an empire so the collapse of the u. S. Dollar will be painful for a period of time but what comes on the other side will be i think a lot more amenable to most people well if it is amenable down there is good news and the headlines over the past week because it looks like d. Globalization is picking up speed the volume of world trade plunged a staggering 12 point one percent in april on an annualized basis and has now fallen by 2 trillion dollars in just one month with no v. Shaped rebound in sight there it is looking pretty bad right heading into a global depression which as we are saying here might be a good thing because values come back in other words during a period of Global Expansion once they have money ballys go out the window and conspicuous consumption becomes the most obvious way people display their characters to each other and now in a global depression theyre reading into now that will be gone and we have more a bally use and so people baking more at home knitting more crocheting doing blanket weaving this is talking about his life as well as doing the knowledge of knitting a huge American Flag right now and a macrame some. Perkins right so and making kiddo baking like a frickin expert at these days so but thats actually a good thing you know there are people i think more are more comfortable with the world based on human values than not conspicuous consumption so itll be kind of painful for a while but at the other end of this will be something a lot more humane and enjoyable as humans well were going through a puritanical hysteria america has this often its in our you know in our d. N. A. Even newcomers to the country mom you know my family didnt come here until like 1918 in the 1920 s. So were newcomers where despite that were still susceptible to the american thing of having puritanical hysteria as every once in a while and hopefully you know that will pass into Something Better but in the meantime were having this puritanical hysteria and rage share of memory but still you came after the salem witch trials you know my family arrived here around the 1730 years yeah so we were experiencing a lot more of the phases of puritanical hysteria that we experience here in america from time to time like were experiencing now weve become like the soul carrying craze kerim is puritanical and witch hunter so thats just very american for this type of sudden outpouring of fx thing of the situation you know in. The public satan expunging you know what we call that a exorcism right so karen is trying to exercise the ghost of you know jimmy carter or something out there in the middle of whole foods clutching the last kito cup who knows you know you bring me back to the sixtys when we had the last huge uprisings across america we have the civil Civil Rights Movement and we had the exorcism member of the pentagon they tried to levitate the pentagon i think it was Abbie Hoffman led that. The thing and that was towards the end of that Civil Rights Movement and the Civil Rights Movement i dont think it was an accident that it ended once they started looking at the empire once Martin Luther king jr looked at empire once malcolm x. Was looking at empire that it wasnt just the mastic you cant just say oh were racist the massacre and not look at our footprint internationally and that is racist so in terms of that we need to look at that systemic thing as weve pointed out the Federal Reserve bank but also the u. S. Dollar because to have the u. S. Dollar. Not only does that disadvantage to mastic lay the population the bottom 99 percent who dont get the free money printing 1st but it ness acetates the export of the sending overseas of your jobs like you have to have a way for the rest of the world to get dollars in order to maintain the system so you have to give them dollars and the best way to do that is to look at the least able to you know represent with the least agency in the government in the Federal Reserve the least power so you know when they establish the system so they they looked at the you know the rust belt used to not be a rust belt it was a flourishing Wealth Creation machine and that got shipped overseas because of course what that Wealth Creation machine did was member our wealth and income gap used to be way smaller back in the fiftys sixtys and seventys so they they saw that just like a private equity looks at a pension fund held by a company and they think we could take that thats wealth to be taken this is the same thing they looked at that population said lets take that send it overseas thats a way for them to maintain our empire that we could send you know build these military bases overseas that we could just secure for the elite that we can secure our wealth and our fortune right that. Theres actually a whole science by and they called the gini coefficient and efficiency tracked all over the world and americas gini coefficient if you look the stuff it was gapping wildly spectacular. Les and looking like a terrible situation but you make an excellent point there the only way to keep the us dollars World Reserve currency is for american exports jobs because you need they other countries and other governments to create an aggregate demand for dollars you havent you need a trade deficit graph the absolute need to trade deficit for at the dollar to be a World Reserve currency and so that only benefits however the people who are in the debt packaging and debt creation business and that would only be wall street and thats why china everybody gets them wrong china does not want the worlds reserve currency because they see what you have to do to the population and theyre afraid of their population still and finally you know this all ties together of the rise of a new empire who is fighting it because they dont want the wall street is our currency but white house considers a broad federal intervention to secure a 5 g. Future the pentagon says whoever owns 5 g. Owns the world and thats china so here the pentagon and the white house want to see because there are no American Companies involved in 5 g. They dont build it they dont manufacture it and we dont innovate it so who are they turning to ericsson and nokia to European Companies asking them if they will find a way to their product is like 2 or 3 times the price of qual way so theyre trying to find a way to make you know it possible to introduce it to america the way those countries are socialists winds blow and post empire. Well were going to take a break and when we come back much more coming your way. The one guy you appear he was a may found him literally dead like he is standing. A guard here his girlfriend they were found in their apartment that theyd just. Cold and they were really 3 days holding each other this wall so people. Who have lost their life so early to addition. This is from akron. That crown is better known as the myth capital of ohio its a city where the number of drug addicts keeps growing every year. I came up when i was 14 my whole family were drug addicts. Throughout much of the 1990 s. And beyond and the doctors were encouraged and in some cases incentivized to overprescribe. I mean enough to sedate a small country when our usual show here about people buy all that stuff and we gotta go get dead dead go crazy get you but you know when you do it. And theyre succumbing you know one of the next. Welcome back to the kaiser report im max keiser time now to turn to Richard Field hes the director of the institute of financial transparency author of transparency games bankers rake the world of finance welcome back richard thank you max thanks for having me back this past weekend the fed revealed some of the individual Corporate Bonds they have recently started buying our 18 say United Health comcast apple walmart to just name a few why is the fed buying the bonds of these corporate bahaman threat chart and said it is going those bonds to force investors into buying even junkier credit. What we have going on right now is theres a c. E. O. Market and i think you are aware of that has ultimately john. Floating around in this in the fed wants to force investors react by. The studio who offer. This is all about pushing investors to chase you know its like reverse drug dealing as the you know drug dealing they have they start off with the good stuff and then they add baby laxative or some other thing to stretch it out here in fad and see a wall street as i start off with the bad stuff and they want people to buy the bad stuff because its insolvent so Many Companies in america are insolvent 20 percent of about as a matter of fact of the s. And p. 500. 00 are insolvent so to get them to be attractive to investors they cut the bad stuff with actual all companies that are doing ok so it you know its theres why does the fed feel its necessary to hoodwink america in this way why does the fed feel its their position to draw money from investors and pensions into a provably demonstrably rigged game in ponzi scheme richard because all of the banks in america too big to fail banks are all in song if you think about the spend. And the high Unemployment Rate we have and the fact that everybody stayed home to socially distance that meant that a tremendous number of companies have no revenue when you have no revenue you cannot pay your debt it also meant that there were a lot of individuals who had no income during this period because they were wedo off. When you have no income you also arent going to pay your debt so if youre looking at your to fat if youre looking at banks g. P. Morg see except what youre seeing is big insolvent entities so what youre trying to do when youre purchasing the high grade credits like an apple credit is force investors to buy the junk that is currently sitting on the Balance Sheets of these insolvent densities 7 investor action its like David Copperfield running a Federal Reserve policy its a look over here while i make the statue of liberty disappear its patently dishonest and you know when the american empire is now looks like its crumbling a lot of people on the sidelines have to get a big belly laugh out of it because theyre obviously just there its committing some kind of finance let me ask you this you know chum came into office with this maggot thing make America Great again. Any you know hes getting away from globalism and yet the fed is buying junk bonds or bonds from toyota and vaults wagon so how does that work youve got to remember we still have to bail out some of our allies and if you look over at germany they have this very large insolvent institution joint shrank. And this is all about helping to bail out door each agree its ok so it says quid pro quo capitalism and fraud i dont know. How to know what his pay day is for the us or hes just being you know may the law will go back to the fact that Deutsche Bank is the one who went to him all the money right right right there right thats right Deutsche Bank its a bank or africa at blackrock the biggest asset manager in the world has handed the responsibility of buying assets for the fed theyre even allowed to buy some of their own assets housing out this couple right or if the ultimate conflict of interest is to buy their own assets with the Exchange Traded funds they create these funds that they put all these lousy bonds in and then they sell them on to the fan explain if you wanted to have house sees that were bad for investors this is what you do this way the only investors who benefit are the blackrock and masters anybody who is not a black rock investor is shrewd for. Me if we go back by the way the cares act that was passed to deal with we saw. In 1000 in his signing statement for the act trump said the act requires some de minimus amounts of transparency were not going to provide them. So what you see is little peeks into how the money is being spent and were talkin