A highly effective to join the queue for the headlines with another look max kaiser. This is the kaiser report. Ive been to our english pill nation. All others are kind of soso and fading. Stacy . Well, you know what, i want to look at that continuation of the policy of plunder because, you know, come on harris as Vice President before she was Vice President. She was attorney general of california and in california. There was a Certain Company in a certain guy named steve renouf in who well some in the attorney generals office. All the people under common harris. They said, well it looks like his company committed massive mortgage fraud and you should charge him well they never did. And then in this last year, 2020, the big year of all sorts of crazy stuff, evidence of p. P. P. Fraud mounts. Officials say p. P. P. Was a fraudster free for all investors say evidence is growing that Many Organizations took advantage of the paycheck protection program, open door design. I mean, weve already reported on that. If you know, look salvias, there you are. And it keeps on growing that there was a lot of fraud in that situation is coming. Right. Right, right, exactly the statement to get a comment. Harris, you got the p. P. P. Scandal, and these are all the last gasps and the writhings of a failed state. And of course, there arent donation weve been saying for 10 years now is the is the, is the level one nation. Its the, its the bitcoin nation right . And its always a question of whether cost always nation states to collapse or whether this nation states there are collapse caused because i come to think that it was because causing them to collapse. But you know, the maneuver p. P. P. Its all coming out. Its a cluster of fraud that will only be answered by the central player, nursed by printing more money of course, which will make our nation state mission of bitcoins capital go higher. Well of course its been really since like 1992001 when we got rid of glass steagall and we introduced the commodity futures modernization act, which allowed the plunder through Credit Derivatives of Pension Plans and, and you know, communities around the world that we allowed that plunder. And then of course, you see the activist fed come in at around the same time when they had to start covering up papering over all the fraud, the costs of the fraud. So now, you know, we have government also providing Fraud Protection schemes. I p. P. P. And all these bailouts and stimulus and all that sort of stuff. And now heres an interesting one that is in the state of the nation as we head into the biden administration, state of the american debt, slaves, q 32020, the stimulus and forbearance phenomenon. What they show 1st of all, just look at that quick chart of the credit card is that all the stimulus did go to pay down the Credit Card Debt, which of course means more bailouts will have to come from banks because theyre not printing money. Essentially, with all this credit card, the high interest on the credit card because the 1200. 00, most people apparently put it towards their Credit Card Debts which are huge. But the important thing as we head into this, by the end of ministration and of further lockdowns and how many trillions thats going to cost, who knows . But 1. 00 thing weve been covering, and especially since 2008, you know, when student loan debts started to just really explode, this is through the, into the loan debts. And thats just goes back to 2006 when it was a tiny, tiny cute, sweet little 400000000000. 00. And now its 1. 7 trillion. Well, apparently, Student Loans continue to surge despite declining enrollment since 2010 in q 3 outstanding student loan balances jumped by 23000000000. 00 from q 21. 00 trillion. And were up 54000000000 from a year ago. One of the primary factors, max that has been driving the loan balance up is that fewer and fewer former students made principal payments. Then came the pandemic and Student Loans were moved into automatic forbearance programs. The story i keep hearing is that you would be a moron. To make payments on your Student Loans because they will be forgiven anyway. So existing loans are not getting paid down and new loans are being added and the balances continue to great. Were all argentina now. Argentina doesnt pay back the debts because it knows theres another bailout is coming. And you know, i like those videos of canadian log rollers, you know, theyre on logs and theyre in the water and theyre dancing and trying to keep their balance. And we are living on a sea of debt in america has been tap dancing on that log. You know, for a while and house and fallen in. But the storm is coming and the waves are rocking the log of the americas. Theyre trying to save themselves from this sinking, but the student debt you got the Credit Card Debt. You got all the same people though i guess of the stupid ministration thats coming in a left over from a 2008 crisis. So if you love the 2008 level financial crisis, theres a sequel now coming to a bank near you. Well, of course, the reason why people are paying down their Credit Card Debt is because joe biden, actually, in his 2005 bankruptcy act bill he, you know, he obviously was the senator from delaware and he passed a bill that would benefit the Credit Card Companies that it made it harder to discharge your Credit Card Debt, but because the 2008 financial crisis, after that, the government basically took on all student debts, so the taxpayer backs that. So theyre assuming that biden affirms i will eliminate your student debt that was right before the election. So you know that encourage people to say, well, were not going to pay the student debt. And of course, this is one of the conflict zones emerging in the u. S. Domestic. The electorate is that educated, university educated person, non university educated. I mean, you know, m s, n b, c and c. N. N. Will tell us white nationalist, but in fact what, what we saw with the black latino and other groups expanding their vote towards towards trunk was a lot to do with this conflict. Emerging between those who are going to university and those who arent. What should people look for to see whether what were saying is actually playing out in the real world. And sort of thing to look at would be the u. S. Dollar versus the chinese or a big ok, thats the main forex pair thats going to tell you whats happening in the global economy. If what this, all this debt is going to trigger all this money printing, the dollar will start to drift lower and its already, you know, looking very weak. I think the last 4 years under trump, theyve been able to kind of kick propped up to a large degree. But i think now were going to see a serious decline in the dollar to see the chinese currency start to really outperform the dollar. They Just Announced 56. 00 g. Technology and so theyre not, theyre not 2 generations ahead of the u. S. In technologic knology. So the best is no infrastructure ticker beat. So i think thats a good look for the dollar chinese, a big goal because right, so the dollar is going to take on the best most important to look at is gold and big point because the r. And b. Could be destroyed. If we drop a nuclear bomb on them, that could be obliterated. The country could, you know, so you have to look for what is actually a safe haven that is no counterparty risk. Theres no c. C. P. In a communist party of china risk that they might seize your u. N. Or devalue it gold in between. And we see that in this next headline from j. P. Morgan j. P. Morgan says institutions ditching gold, e. T. F. For big j. P. Morgan chase, the largest u. S. Bank by total assets notes. That big question is eating away at demand for gold, e. T. F. The new report chaired by michael sohn and shine the man director of grayscale investments. Institutional investors, such as family offices, now view the walls, largest cryptocurrency as a digital alternative to the yellow metal that used to be the go to safe haven. Well, life comes out. Youre fast. You know, weve been saying this for years now. And the fact that people are ditching gold in favor of bitcoin is really a remarkable development. Because its really flabbergasting for those who were staunchly defending gold as the ultimate store of value. And they laid out many arguments in that direction, all of which have been proven to be not holding up might also point out. Were talking about the whole system of plunder. And weve talked about that quote, many times where by implementing their becomes a way of life at the, for the guys at the top, it just trickles down where the students are plundering the system, plundering the taxpayer. J. P. Morgan itself has admitted guilt of plundering the gold markets. So its no wonder that their own clients are like, maybe if our banker is actually front running us and like defrauding us in the gold and silver market, maybe we should go into the big question market that could be part of that, right . Exactly. As more evidence comes out about these banks on wall street front running and it be late in the gold price, the insiders and the people who know whats going on are like, you know, were just going to load up on because because you know, you cant touch that yeah, especially, they are one, they are the biggest bank in america, according to deposits and you know, they have a lot of institutional players. So the institutional players know, well, j. P. Morgan is connected. Thats why we put our funds with there and its kind of safe, but you know, theyre not, they have knowledge of us. They had inside information about our plans and our, and our how were placing our bets. So maybe we go away from the markets that they control, but the chart is interesting here in october the flow trajectory of the Grayscale Trust became significantly steeper, while gold e. T. F. Remained flat. So thats the flows into g, b, t, c. And here it is into gold e. T. F. So thats where the money has been going us. Both jones said he expects prickling to be the fastest horse of the race. He said that months ago, he took a position and now everyones following suit. As i said, where a pool for a Paul Tudor Jones goes, the market follows, and now the market is provably following Paul Tudor Jones, this is the situation as we head into 2021. Its all laid out in front of you. , there are will be another 2nd round of p. P. P. , the 1st 500 50000000000. 00. I dont think all of it was lent out, but whatever was left out, a huge portion of it was fraud, including j. P. , morgan bankers, you know, j. P. Morgan itself did inform the department of justice. It looks like a couple dozen of their bankers actually took out some loans that they didnt qualify for. We had it for other banks. So thats not going to stop the, by the new administration from wanting to do that because you know, a lot of those people who plunder the system also donate money to your campaign. So, you know, you give them the free money from the taxpayer and they give you back some. So theres less laundry money laundering. Weve thought of that before, almost everything in the American Economy when you pull it apart, is money laundering. In some way. Were going into a world because of that because of all this plunder because of the, the fact that the plunder is allowed to happen. And its encouraged to happen that there is only 11 trust, trust this currency that you dont need to trust anybody else at all in the world and a world of plunder. And that is bit coin. Gold can be manipulated by j. P. Morgan a. Its held in large part by the Central Banks. The un, we have to trust that chinas maintaining the value of the currency and theyre probably not because their game of chess against, you know, the game theory against the United States is theyre going to trash it as theyre going to try to chastity as fast as possible faster than the United States for sure to stay ahead of the game. Right. Its a big point is really the 1st world that everybody else is in the 2nd, 3rd 4th 5th world. You know, should join our telegram group, forward slash, orange pill, arms back to status telegram chatting all day. Join the lever revolution liberation to liberate the liver rail river rebel liberation, read a little reset. Thats a new word. Coming right back, he exclaimed joe biden, to be president elect come on group. Thats not how it works. Final vote tallies, make that determination, and we arent there yet. Was the election . And what is the possibility . Have the country played . The election was still with all those in the boombox post national big city, bright lights, you jump, but you g. s and you doing just blatantly to its also a city where up 2300000 crimes are committed by the last wouldnt be able to do most of the reasons least one police officer, 200 residents in russias capital, lost on the english that they will not go to exploit those who would have to last. Welcome back to the kaiser report. Im max keiser time to part 2 of our conversation with all the end of lent, all the Investment Strategy. Welcome back, lynn. Thanks for having me. Again. We left off talking about Central Banks getting into Digital Currencies and talking about the i. M. F. Wind to revisit the bretton woods. So what do you make of the central bank talking about Digital Currency is now what does that portend . What could we see happen to global Monetary System . And what is this going to mean . Do you think, you know, theres a couple different vectors where that can matter . One Central Banks of course, always want to find new ways to increase their, their own options, right . So weve already seen over the past couple decades, a shift from, you know, the fed mainly focusing on Interest Rates to incorporating asset purchases at any, including things even like Corporate Bonds or for junk bonds in some cases. So weve seen kind of an increase in the mandate from the Central Banks and didnt a bank does a currencies, our basic technology, they would allow them to tenshi even more fine control over monetary policy. So from their perspective, thats a good thing. But of course, that opens up privacy concerns, it opens up all sorts of other issues from other perspectives, and then to pay and where you look from there. The other factors are potentially going around the dollar system. So for example, china, you know, theyve been at the forefront of launching a central bank Digital Currency. And part of it is just to make, you know, their currency, you know, potentially more competitive with some of their trading partners. Because chinas main focus is they want to be able to buy commodities and things like that outside of the current dollar system because thats one of their vulnerabilities at this time. And we talked in the previous episode about banks are unwilling to lend. They hoard cas and small to Medium Enterprises software and the fed is now telling congress, look, youve got to address this with fiscal policy made. Youve got to figure out how to get cash into peoples hands to wreck play. Would it be possible for the fed to come up with fed coing and give everyone and the ability to open an account with the fed crypto, all of the fed calling wallet. And they could issue fed coins directly into peoples wallets with and bypass the banks just say to the banks, look, you know, were going to bypass, you completely would just go right, right to the consumer of your thoughts. Thats one of the options. So if you look at the Current System, you know, from what we saw, for example, the cares act, which was the, you know, the big congressional bill that did the stimulus checks and the p. P. P. Loans and all that. So what that shows that the Current System has some degree of checks and balances, so the fed cant just go out and just insert money. Twitter wants it has certain limitations. And we saw for example, this year, they were very flexible getting around some of those a supposed but by corporate bronze. But they work with the treasury to open up that special Purpose Vehicle. So they can get around some of the letters of the law, but they still have certain limitations by getting it to people. Whereas congress is actually our elected officials. And so they, they, they can vote to get that out to people in targeted ways. You know, and of course, some of some of us might disagree. Some of us made agree, but at least theyre like that officials. And so theyre doing that. And then the fed is monetizing a large portion of that issue. Its now potentially, if the fed could just do it on their own. That opens up other cans of worms, right . Because that takes some of the checks and balances out of the system and basically goes around, you know, the fiscal purse, so that probably thats a bigger change or probably require a change of the Federal Reserve act. And you know, i think that thats, thats definitely a road that people should really consider before going down that right, well they recently decided that they want to buy junk bonds which were against their mandate over there at the fed. So they created a special Purpose Vehicle account to get around those laws. So ive noticed being a banker myself for many years that the law is never an obstacle. If you want to get a trade done, and i would imagine they would do whatever they want to do. Now, talking about the fed coin, weve got countries around the world looking to bypass the dollar because the u. S. Dollars used as a political instrument. These are the sanctions and these types of things. And in the case of, lets say in