2021 and its showing up because one of the primary reasons for getting inflation here is the Degree Level is ation that has put America And China on an antagonistic Footing Weve got a new cold war here and all the benefits that came to the u. S. Economy by shipping all of our jobs over to china. It has now been used up right so now because theres some antagonism and because incomes in china have now match those of use the us. That ability to hide the Money Printing through the Labor Strength of china is gone so now youve got prices going up for real for stuff like lumber and thats not the fed says this transitory attempt im here to say thats a categorically a lie because unless unless globalisation picks up again unless but China And America start singing kumbaya together and everythings all katie now shaky now jakey that. Well remember we were covering in the last episode like the boom in g. D. P. And Consumption And Stuff like that you have to factor in these costs like inflation of
dot com for more on those and other stories reporters next on our international boom bust is coming up if you re in the u.k. . hi i m max kaiser this is the kaiser report 1st slowly then quickly oh what s this all about stacey oh i think you re quoting ernest hemingway there of course and he went bankrupt slowly and then suddenly and the same thing happens with hyperinflation you might call it it happened slowly and then suddenly just says recovered a few weeks ago when we covered the tweet stream of michael burry the hedge fund manager famous for the big short which was a film made about him shorting the u.s. subprime housing markets and that catastrophe well here s an interesting headline from a trusted source person fenton he lives in new hampshire and he tweeted this our local lumberyard prices have risen so fast lately that we can t quote accurately they said so we have now moved to weekly price quotes if you are a builder and need an estimate for your customer that lumb
still to come. those are your headlines for this hour stay right here coming up in the kaiser report. hi i m max keiser this is the kaiser report lots to get to stacy max you need the double fisted money printer guns today because we re looking at a quote from ben franklin from how many hundreds of years ago his 200 and something years ago 250 years ago he was right he predicted that he saw it today he saw this day today because he said when the people find that they can vote themselves money that will herald the end of their republic boy have they figured out that they too can get in this free money i mean this is an incredible quote from ben franklin kind of one of the architects of america and he told us how it was going to and when you can vote for free money the republic is done and this is what just happened in there 2020 alexa people voted for free money and now it s officially perp and franklin it s done it s done it s done it s done is no longer. exist. right well th
a world of troubling money and boring gold that can t keep up. he s got no choice, he s got no choice but to buy bitcoin. so now he s, he s about to make a big purchase. i saw some blocks trading today. probably is right. dahlia bridgewater s worth hundreds of billions of dollars. i m sure he ll put at least 5 percent of the fund into big coins just to stay competitive with his peers. you said that back in june or so july when paul tudor jones 1st announced that he had gone into bitcoin and you said as an alpha guy that all the other hedge funds would have to follow him. so he got in back in march, april the 2nd quarter of this year then followed stan druckenmiller and even probably about equal size hedge fund to paul tudor jones, legendary as well. and the last hedge fund standing. but of course, he s going to have to answer to his clients who are going to say, why should i put my money at a bridge while give it to paul tudor jones of stand talking miller, who are long bitco
now they have financed raid alyea says he might be missing something about bitcoin . this is the learning curve of decline. people dismiss it, and then they notice the people around them getting rich. like in this case, paul tudor jones, who s also in connecticut stand up and druckenmiller, who was hugely successful hedge fund guy. and they have to put away their biases and they have to take another look at it. and then once you really look at because i like great value now is doing for the very 1st time, it really distressed about a fan for years without actually looking at it. and once you actually start looking at it, you fall into the rabbit hole and he realizes that a world of crumbling fia money and boring gold that can t keep up. he s got no choice, he s got no choice but to buy bitcoin. so now he s, he s about to make a big purchase. i saw some blocks trading today, probably is right. dahlia bridgewater s worth hundreds of billions of dollars. i m sure he ll put at le