Transcripts For RT Keiser Report 20240708

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ah match kaiser this is the kaiser report. yeah, we're still in el zante. el salvador bit coin beach where the weather is fantastic. stacy. right, you know one thing you noticed here and now salvatore is that there is plenty of food on the shelves. no shortage of food here. meanwhile, over in the united states, we've been looking at a lot of footage, let him videos a. c little photos on instagram and on twitter from people who are saying, wow, i went to the local supermarket and look, these are the shelves of meat or chicken or vegetables. i've got a have vine for you here. you as to close borders to unvaccinated canadian mexican truckers on saturday the supply chain is already fragile, so it puts all of us in a precarious situation. oh yeah. well this is interesting because it's like a carry over from the cupboard days. so during the covert days, there were a lot of lock down and shut downs and the borders reclose. now that they're coming out of it though, they some for some reason they like that idea, border closures and food shortages. so i, it's hard to explain why, but i guess i eating is, is an optional thing now. exactly. so we're going to go into a wall street journal deep piece, long piece about the food shortages and the emerging problem that's going to get worse. they say because there is a lag between locked downs and shut downs at various meet processing plans, for example. and what we'll see in the supermarkets. but 1st i want to point to a headline from 2017 and this was looking back on 19424344. and during that time ex kaiser right here, his mother worked at a canning factory, canning peas and corn right up in wisconsin. and you know, she was part of. 5 the women's land army. so i want to show you what we did back in the previous time of food rationing and shortages and things like that. food rationing and canning and world war 2. this is an image right here. grow more can more in 1944. so 2 and a half 1000000 women in america worked at the very factories in agriculture, making sure that there was food supply, a steady food supply to the american population. they sacrifice that because the men were sacrificing, finding out after obviously the summer 941 when the u. s. entered world war 2. so, you know, you're not seeing that now a days when there's a certain class of people are locked down, working from home. and there's a certain other class of people who kind of get coined as the horrible in the mainstream media. they're the ones that work at the meat processing. they're the ones that pick all or food, or process all or food, and they're the ones getting on the cry. now they're the ones having suffering during the latest wave of coven. yeah, it'll be interesting because people pull together and made sacrifices for the greater good. and it's hard to imagine in our modern world, in our narcissistic instagram world, anyone making those types of sacrifices for the greater good, particularly when the idea of a quote greater good has been discredited and washed over with this idea of narcissism is good. so i'm curious to see what happens when, when the food literally runs out. that's the point, the headline here that i'm going to turn to in the wall street journal. it seems weird that it's like the slow motion disaster unfolding for 2 years now. there's no sort of plan, there's nothing in store for like literally. and here's the headline from wall street journal. us food supply is under pressure from plants to store shelves, weeks of workers calling in sick add to continuing supply and transportation disruptions making store shelves harder to fill nearly 2 years ago. koby 19 locked down, strove research and grocery buying that cleared store shelves. a product such as meet baking ingredients and paper goods. now some executive, se, supply challenges are worse than ever. the lack of workers leaves a broader range of products and short supply food industry, executive, they with availability, sometimes changing daily. this is just the beginning really of some financial downturns supply line down terms. you know, you've got a lot of saber rattling, going on. so, you know, back in the day when my mom was working, canning peas, i remember she had to have these huge wooden forks, then move the hundreds and hundreds of cans of peas from the, from the p canning over to the flat bed frame. so that she had to go home, sometimes covered in p sugar and it was very cold at night and she would literally get frozen on her way home and couldn't make a step forward because that p sugar would freeze and she was covered with it. and so that was a comical time back them. right, but of course, back then we were in a world war we were united as a nation. we didn't have this hyper partisanship. obviously there was partisanship . there were 2 different parties and stuff like that. but now we have this hyper partisanship, but we also have like this weird, angry cable news network situation where there's just vile hatred between these 2 teams. it's like that, you know, professional wrestling, that sort of thing in america where it was kind of like we leave today, which is like, you know, these guys dressed in costumes, acting out parts of evil wrestlers and stuff like that. well, that's kind of what we have in the america where, you know, there's a dividing line between the educated and the uneducated, the i those to go to university and those who don't. those who don't go to university, they're likely to be the ones who are the truck drivers working in the meat processing working out of agriculture. and of course, there's a very, very little sympathy and a lot of like, hatred directed towards them can just assuming they're all republican voters, that they're deplorable that they're on vaccinated. so that sort of tension between these 2 groups of millions of millions and millions of americans makes the sort of planning on how to deal with this food shorted situation. emerging makes it difficult. yeah. so what's going to be interesting, so you talk about the hyper partisanship and the bitter cable news drama that goes on between the blue and the red. and of course, that's almost entirely fake because the u. s. has gone through an incredible couple of decades of growth up until recently and that bipartisanship was really created by the news media to, to, to grab viewers. right. so is the entertainment. it wasn't real. but now during the period of food shortages that's, that's going to be real. now that's not going to be fake anymore. there's really going to be actual people in the street, you know, ripping each other's clothes off, trying to find a dollar to go buy, you know, a hamburger. so we're going to see actual hyper partisanship for real now. and of course, everyone's well rehearsed because the news media got everyone practicing, hating everybody for decades that we get to actually hate people. also during world war 2, when your mom was working for the women's land army, there was everybody's sacrifice, right. all men registered signed up find on before even a draft came in. they all signed on to go fight in europe. now we are in a situation where we have that can tell you in our class that they never go to war . they start all the war as, look on the cable news right now. they want to start war against russia, against iran, against china. like there are multiple wars. they're agitating for right now as we speak. and none of them will go to war. none of their children or go to war, none of their families will go to war. so we have that. but on top of that, we have this war against probate, right. and they are shrieking on the news that they should be able to work from home. that all the democratic voters should be able to work from home, like teachers, and unions like that. you don't hear the shrieking about who's going to man the meat processing factories who's going to deal with the food shortages. who's going to resolve that situation as it's emerging? somebody has to go into a dangerous situation. somebody has to do it. and so it doesn't, it kind of, it is problematic for them to cover that because their whole, you know, their, their stick, their, you know, professional wrestling stick is that we, we are in so much grave danger that we should all stay at home for eternity from here till till the end of time won't last. my tyson says everyone has a plan and so they get punched in the face. right. so now we're going to get the punch in the face and find out that nobody's got a plan. nobody has a plan. they are just winging it, and of course, up until now for the past couple of decades, the solution was always print more money. but now that the money printing is causing a real inflation and exacerbating all the problems, that solution is only going to make the problem worse. but of course that's what they'll do. that's what the leads will do. that's what they plan to do. any inconvenience that befalls them, they will answer what we need to print more money, print more money and the food will get in the shorter supply and workers will disappear and the situation get worse and worse because the money printing never works. this next paragraph i'm going to read primarily because everybody out in the rest of the world watching us get to hear the name piggly wiggly. you might not have heard of that. it's a supermarket chain in the south, and america add a piggly wiggly franchise in alabama, georgia about one 3rd of pickers needed to organize products and load trucks at the grocery chains. distribution centers were out sick and the 1st week of january said keith milligan is controller. the company has been struggling to get food to stores on time due to driver shortages and staffing issues that haven't improved. said mister milligan, leaving piggly wiggly to change its ordering and stopping plans daily. in some cases frozen vegetables and can, biscuits are running low. he said, right, well, the quality, the food will go down because they'll rely more on long shelf life food. and as very little nutrients and the health of the country will go down, the medical emergency will increase. america already has a problem with life expectancy, declining infant mortality, rising obesity levels skyrocketing. so of course take fresh fruit out of the picture and all those problems will increase and guess what the solution is going to be was print more money. 2 let's print more money, but in fact, you know, in terms of that unhealthy food, there is a worrying statistic in this article in the wall street journal, which says that, you know, there's certain shortages starting to emerge. and in particular, they note sport strengths. pros and cookies and refrigerated dough are especially low within stock levels and the 60 to 70 percent range. there's a run on those people are stocking up in their house on that the least nutritious food of all which is that exactly the worst thing you should be doing anyway? we basically, we don't have a plan like we did during world war 2. there was a well organized plan of how to survive as a nation together. right. we have leadership during world war 2 and we are without any leadership at the moment. so we'll see how this sinking ship falls. it'll be like the titanic and break up into 2 places or just and in one place, we have to find out anyway, we're going to take a break and we will come back once more coming your way with is the earth still launch enough to satisfy the ambitions of jeff bezos, you know, it's got its tentacles in so many aspects of the economy. there's nothing that amazon isn't trying to get into the step by step. the amazon empire has extended its group on the world to walk, so i can inquire why it. so amazon looks like monopoly trades like a monopoly makes money like monopoly behaves like monopoly. amazon essentially controls the market place. it's not really a market is a private arena, a wild where a single company controls the distribution of all know daddy products. and the infrastructure of our economy is loose. the world, according to amazon, 100 mic no said, you know, born is a tease. and you as a merge, we don't have a therapy, we don't have a vaccine, whole worried leaves to take action and be ready. people are judgment, common crisis with we can do better, we should be doing better. everyone is contributing each in their own way. but we also know that this crisis will not go on forever. the challenge is great. the response has been massive. so many good people are helping us. it makes us feel very proud that we're in it together. the me welcome back to the guys a report i got your time now to turn to joan based on campus cannibal dot com. joan, welcome back. max. always a pleasure to be on. all right, now el salvador. that's where we're at a big coin. beach is to new coin, mecca. you've made the pilgrimage so far. what are your impressions? absolutely incredible, that people are really, really nice. we know all salvador, how's the global reputation? but when you get here and you meet the people, especially in l. dante, i'm going to make my trip the sound of a door soon. everyone loves them. bitcoin signs everywhere, people are accepting bitcoin, even see it at the airport really in the world. so i picked quantization the circular economy. it's all happening right here, and the whole region is very excited by this. have you heard anything on that front? it looks like one or 2 other countries in latin america going to go making big point legal, tender. everyone is watched to see how this experiment works. out and we all pray that it works out really well. them going straight to legal, tender surprise, me a little bit. i would have preferred for all salvador to go more the michael sailor route. just use bitcoin for treasury, don't make any laws, just make it clear to the people bitcoin. if accepted, you can use it. you don't have to use it. no one's going to force you to use it. we're not going to criminalize any bitcoin usage, and the government feels that is the safest place to store our money. i would have preferred dot route, but the route that was taken with legal tender certainly gave bitcoin a lot more global recognition. as i travel the world are more free to talk about bitcoin. if someone says, well why are you talking about the shady currency? i'm going to say really you going to stop me from talking about the currency of a country now. so it definitely has a very, very good global import, right? well, unlike michael sailor, at micro strata, j, l savage are in the range and of course is under constant pressure from the i m f and the u. s. who have been violently oppressing this region for decades. so bold action had to be taken. i refer to president who kelly is the george washington in this sense, and that he's taking his country into the promised land. and remember what america became fray. certainly the english weren't happy about it. now let's talk about big coin prices. they're down sharply since all time highs that have certainly crashed over the past week. what's going on with the charts that he hoped for the handlers? are we going to be all getting jobs at mcdonalds? there's always hope for the hot water, som, i do not expect the bottles job soon. we've seen this before. many times. i'm personally not going to get concerned unless bitcoin falls below $20000.00. that is my concern level. $20000.00 was the prior peak. those that are traders and understand technical analysis. as long as it stays over the prior peak, we're in a great space. in fact, if we do come down to 20, that is the ultimate buy that there. i think right now is a pretty good bided there. but man, if it does get down to low twenty's, we're talking about $20.00 to $23000.00. that psalm sell your 2nd kidney thyme and buy some big coin because you're not going to get another chance again. right. well, speaking of buying the damper now, salvador, so president blue kelly has been buying the dip. they liked to tweet about it and he said chew, bitcoin are so so, you know, based on your chart work, i think what you're saying is just keep buying the deb key binds is that b i, i really liked the price right now. my portfolio, as i was talking about our line, started going into cash around 55000. it went fully into cash around. i want to say in the forty's around 45 ah, maybe even higher when fully into cash. i started buying the bip a last week at a small 20 percent, and i turned that back in to cash. i'm this drop yesterday just as recross 41. 4150. so 4250. i put in a little bullish position and i cut that away at 4150. i'm waiting for another chance to buy that there probably next week. i like this price, but this price and time, a lot of traders don't understand that there's price and pipe of over factor. people always say at what price you're going to buy it. sometimes the price doesn't matter. it's the time that matters. i'm gonna buy next week. if the price is $30000.00, that's what i'm buy. if the price is $41.00, that's when i'm by the time was also a huge factor. so for me, it's next week upon lucky, it will also be the low price in the cycle. since we've been involved in big coin out for many years. and we now have publicly traded companies that have been aggressively buying that coin or mining the coin. let's talk about 2 situations. you get your take on it. so the greystone, b, t c trust g b t c is trading last i checked close to 30 percent discount n a b. what does that mean? and of course you mentioned michael sailor, his micro strategy company is trading at a 20 percent discount to their bitcoin position. let's talk about gpc 1st. is this a by and i guess the question is, are they going to be converted to an e t f? at some point? i do believe that g, v c is a by, at this 25 to 30 per cent discount above par. or the way g b t. c works is it's sod, so sustained amount of bitcoin. so imagine a gold is not allowed to be brought in or out of a certain region. india is big on gold. so there's x amount of golden india, and it's a lot less than gold in the world. and all of a sudden there is a market for golden india, sometimes it's under the price of gold. sometimes it's above the price of gold right now because of the selling. it's under the price of bitcoin gbc. but once fomo sets back in and we both know fomo was going to come back, that fear of missing out there is not going to be an g b t shares. and because it's not an e t f, they will not be able to add more g t t share. so one of the buying starts off at once. we start going back up and price. there's not going to be enough g t shares to go around and the premium will of operate and probably go back above 0 . and let's talk about micro strategy stock for a 2nd. michael sailors company. so the price of the stock is that a 20 percent discount to the big coin that they have on the books. now the added advantage here, of course, is you're getting software enterprise software company that's generating earnings. so you're getting a kind of a leverage big coin play. is this an interesting situation? it is. i believe that all microsoft stock is a good proxy for bitcoin itself. the p. s are coming out, but there was an official if you have their future ctf. so by something like microsoft stock is a pretty good proxy to a bitcoin e t f. and if it's under value to the amount of the point that they're holding, that could be another potentially goodbye. and then one other category of publicly traded stocks out there would be the big coin miners. so you've got riot block chain. you've got marathon, you've got hunt, and a whole host of others. they're trading down sharply in the last week or so on this pullback do they represent value or. busy is it too early for them? no, i think that also represent a very good play. miners are still mining bitcoin at a pretty cheap price. that was one of my concerns when bitcoin was hitting that $60000.00. the fact that the miners were mining bitcoin, a sub $10000.00 prices, means that the floor for the price, a big point is very low, and it won't allow bitcoin to go about low and still binding is profitable. so mining is not going anywhere. if you recall that was one of the concerns in the barrel in the last bare market price, a big quote went to $3000.00 people, started screaming. oh my god, mining is going to collapse. how are they going to mine it? that costs more to minor bitcoin than value over bit coin on so, and now it's the complete opposite. and it's always the complete opposite, right? this is when people get fearful, and when that happens you bye for the fact that combining for so low means the price, the big coin can drop without endangering the big coin equal. were you surprised at how rapidly the hash rate recovered after the china band going back 6 or 7 months we lost 50 percent of the big point hash. right? minors moved out of china. they went to texas, they went to kaz, expand, and they were already back in new all time. i was not a surprise, not really. because mining is one of the most capitalistic ecosystems that we have and you know what capitalism, of like those minors we're going to get, move very clue quickly one way or another. and they going to find another home topic again and colic stand right now. russia now if they want to ban it again, and those miners will be on the move again. there's just not enough miners, myers are not being built quickly enough. people are buying minors or several years old, higher in price than they bought them originally. i am not surprised that all people will be binding because of how cheap it can be to mine a bit coin if you have connections to electricity. i don't think i can how it can be possible in russia to band mining. think china is the only nation that can do it because the be the chinese people still listen to their government way more than almost any other nation, other than perhaps north korea. so in china, it can be done in russia, just like in a better way lie, if can happen. people have had enough of communism in the region and they will continue to be capitalistic. even if it's dangerous, i just don't see even in china there still has right there. so underground operations, they're still mining and china. so even the chinese government is incapable julie damage, correct. but i also see china is a both to enforce their surveillance state, much better than any other country in the world. so mining and china is probably a lot more dangerous than mining in siberia, russia, for example, they have surveillance, they've got a trend now for countries to introduce their centralized central bank, digital currencies. and that's really a surveillance coin. and we're in an era now at the pandemic, where governments feel like 24 hour surveillance on the citizens and foregoing of all rights, even if the rights guaranteed by the constitution go out the window. so where is big coin fit in that it's actually great for big coin. so real quick on cbb sees the central bank digital currency. it is no different than our current currency, except you remove the 2 percent of physical cash. even the u. s. dollar, maybe 2 percent of all dollars and circulation are and paper cash. you remove the paper dollars and you half cdc. you really need to spend the money creating a new currency. you just eliminate the cash and you have cdc, governments want cbd, cease for 2 reasons. one is complete and total surveillance of every transaction you make, so they can freeze your account, cancel your account, hence on campus, gate ability of big coin. and the other reason, governments would love a, c, b, the he is to remove privatization of money with private banks. and i know how much you hate jp morgan, my former employer, and bear stearns, and all the other banks, at least they were created for a reason to separate government from money. the banks of the private institution have the ability to create money. that may sound bad, but it's better than the government creating money. okay, so it's a, it's a bit lesser of 2 evils. so the government wants to push out the private sector banking. so they have control of all money. like when i grew up in the soviet union, there was one big, big moscow, basically. so those 2 reasons, the governments want to create a cbc. and if the government to eliminate paper cash, bitcoin will go through the roof. those are the biggest catalyst for big coin to go up and price, the elimination of paper money, and something like the breakup of the european common currency. all the italy is all the greeks. they're going to rush into big. we've got about 10 seconds. gary cancer is still on hold about determining whether a theory was a security or not. how do you weigh in on that? i always believe that the security i did a populist on that back in 2017 and sort of gary dessler thought, of course at mit. explaining why a theory was a security. we'll see what happens, what the ripple case if the, if you loses the ripple case as the she's in trouble in enforcing anything. and i believe gary guess wants to bring action against the theory, but it is very, very challenging. i john, very nice being i can report. thank you max. all right, and i was going to do it for this additional report with may max kaiser and stacy herbert. thanks or i guess john based on comp a scandal dot com. the conference is march. 3rd and las vegas be there until next time by noon. ah. what we've got to do is identify the threats that we have. it's crazy confrontation, let it be an arms race is on a very dramatic development. only personally and getting to resist. i don't see how that strategy will be successful, very critical time time to sit down and talk there may or may, we should all be may or may, we should all be angry or what's going on. right. can't understand united states history and the role that slavery play is already a very formal institution. by the time united states became a nation, it actually define the nation, the rise of capitalism clearly on the backs of flight. and the slave down, if you had investigated lynching said a great extent. you can't believe that really help your country. and country still stands in brick. i'm from the south. everybody know, know what this figure. to some extent, i would argue that we're still fighting the civil war. and the south is winning with ah, russia's foreign minister say's the u. s. has failed to address moscow as concerns about nato expansion, but added the 2 sides can start a serious conversation by the 2nd great issues. on over the ukraine crisis takes a bizarre turn along western media with wall outlet suggesting so name russian aggression is preventing you f o hunters from contacting aliens also ahead with street and.

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