where every even sixty dollars a month is kid's discretionary income in a huge way to these the bottom of america this well americans are going to return to being hunter gatherers because this the walmart spread on the excess that they were able to extract by leveraging their own non jobs with credit card upon credit card evaporated instead of sitting there in one place trying to bang the doors down to get some cracker from wal-mart or simply going to become hunter gatherers and as a band of feral americans show up at the next on and look for food and grow up for a suit yes that's what i call the wal mart a quarry these are the the roaming indians on the plains of america who are a hunter gatherer society going wherever the dead buffalo were before them they were turned into horse meat buffalo burgers and ostrich lipped wal-mart until the destroyer the country they destroyed the economy the walmart's put them all

together you stack amende and and you end up with hundreds and hundreds of billions of dollars on the forbes four hundred list what do they do for america they destroyed it the founding fathers of their life today they said those are the people that we need to get rid of now we're going to look also at the fact that in america we seem to have this too big to fail model across the whole spectrum of the economy and we see this in the supply chain even being affected like this now experts say that wal-mart supplier should be worried by their declining sales david high a professor of supply chain management at the university of arkansas sam walton college of business says soft months set up ripple effects throughout the supply chain was such a big player has a soft month it has a big effect on the whole system so again remember of the fact that here in new york of course j.p. morgan goldman sachs citibank bank of america all these big banks operating out of wall street they when they when liquidity dried up the whole system. tell apart

and it looks like here we're seeing the same thing across the supply chain across america because they have hundreds of suppliers of various products to wal-mart yes wal-mart invented just in time poverty so you find that your your electronic benefit transfer card runs out of credit the second you are approaching the front door of wal-mart just in time poverty and by the way the supplier that was issuing all those shavers products and plastic that are coming in from overseas they're not being paid they're experiencing just in time poverty and the politicians who are on the payroll of the wal-mart family who they buy with their money so they pass laws to make it easier to destroy the economy they're going to find themselves out of jobs to begin to find themselves just in time poverty thank you walmart now another thing hitting the consumer the sort that shops at walmart anyway according to the article is the price of gasoline has also increased by more than thirteen percent in the last month alone and most of the country's one hundred sixty million workers

are seeing smaller paychecks since the payroll tax cuts expired last month so gasoline prices up thirteen percent but of course the financial news it am in the mainstream news only focuses on the fact that the dow jones has had an all time high right because a wal-mart family owns dow jones stock so the wal-mart family's wealth is going up the gas is going up people can't get to wal-mart anymore the price of food is going up so people can't have the free money from the government to buy the wal-mart food anymore by the way the food stamps are engineered by j.p. morgan so it ends up as a wal-mart's going to get a bailout that's what i predict by twenty thirteen twenty fourteen the wal-mart family with their six hundred billion dollars or so in net worth are going to go crying to the government for a bailout because they can't make a payment on some planet they're buying in some parallel universe thank you walmart family disgusting slobs so of course many americans claim that wal-mart is a great free market capitalist company and society of how great capitalism is butt . this next headline regarding wal-mart suggests that it looks like sort of the

soviet era in terms of shelves are empty while marsh struggles to restock store shelves as u.s. sales slump wal-mart stores incorporated already struggling to woo shoppers constrained by higher taxes is getting worse at keeping shelves stocked the retailers us chief told executives according to minutes of an officer's meeting obtained by bloomberg news and they also bloomberg calls some previously a paragon of logistics i think they meant to say cancer of retail you know this is the problem we have a monoculture when you have one dominant player that's come in and destroyed all the competition all the mom and pops that got destroyed all the competition that got a wiped out because of wal-mart squeezing the suppliers by manipulating markets by manipulating the politicians they end up as a model culture now the monoculture is sick and now when they go down they're going to take the entire huge workforce with them remember it's the biggest employer in

america that in the military so even the military that goes in for uncle sam to secure oil or assets and slave labor for wal-mart to pass into the consumer in america is going to go out of business because you got a monoculture defeat only ill where the kids are retailing they can't possibly survive anymore so thanks again wal-mart slobs so bloomberg speaks to evelyn cruz a department manager in a wal-mart supercenter in pico rivera california and she said the comments from the u.s. chief executive officer bill simon where he said that we are running out of stuff and we couldn't stack them we couldn't resupply our shelves she said that these were dead on and she said quote there are gaps where merchandise is missing we are not talking about a couple of empty shelves this is throughout the store in every store some places look like they're going out of business yet these japanese tourist they show up at these wal-mart locations and they see these empty shelves and i think it's one of those lovely tells in tokyo so they just get out. the sleeping bags are started

shacking up just think about when you go to america's gotta survive procreating you need more people to see the social security policy scheme so wal-mart becomes incubate or everybody will go there stripped naked and procreate that's how it's going to save the economy wal-mart baby factories it's an incubator it's not a retailer it's a hatchery so let's move on now from this so that the supply chain shocks there to the sinkholes that we see around the world and this is something that delta verb or who you're speaking to in the second half has been really good at highlighting and the and the sinkhole first look at is in california now california is one of the big agricultural producers for the united states and here we have california waterboard urges lawmakers to act a night train contamination in drinking water a new report from the state water board calls for the legislature to enact new fees to pay for measures designed to clean up nitrate contaminated groundwater

especially in major agricultural areas such as the salinas valley so california is an agricultural produce of three billion dollars a year right now cost thirty six million dollars a year to provide fresh water to these poor communities where they're relying on groundwater which is contaminated by all the the nitrates in the fertilizer the water board needs to be water boarded to get with the program here because the fact is that water is a declining natural resource and there's no way you're going to get around the fact the price of water is going to go up now what's happening on wall street stacey you've got jamie diamond of j.p. morgan you've got lloyd blankfein of goldman sachs you've got the banks in europe they're going to create water futures and water derivatives and securitised water to make it something that only a sheikh and in saudi arabia accept all the water guy who's not in the top ten richest guys in the world ha ha ha ha ha all the while you little ponsonby you know the top ten on the forbes list hall ha i also think i was over. and citigroup

bailed you out all the one wad saudi arabia turkey or whatever that you think you are you're a fake so two point six million californians relying groundwater so we're looking at the sinkhole of the cost therefore that has to go into it and in this case it looks like farmers are going to have to eat the cost monterey county farm bureau executive director norm groot said additional taxes or fees and expense of regulations would place an unwise burden on an ag industry already struggling in recent years who said he hadn't fully n.y.c. report in its recommendations but said local farmers have been bracing for a fertilizer fee and this is something we've seeing in europe of course with this horsemeat scandal as well sinkholes is the farmers are saying that they're not actually making any money anyway from the beef market so if they have to pay for extra fees to make sure that the the products going into the burger and various other ready meals is actually beef and not horse that they can't they'll just have to give up right and don't forget fertilizer is

a product of the petrochemical industry it's commerce from oil sensually and so as the price of oil skyrockets because ponce or opposers no good investor overrated idiots like that all the water in saudi arabia who can't make a run for two nickels together are going much much higher just like the oil that's what you know best get out of the banking business all the while you overate upon all right stacie over thanks so much for being on the kaiser report thank you max don't go away much more coming your way stay right there. more news today violence is once again. these are the images the world.

can't. think of for a nation to rule today. the something a little extreme cold isn't a chilling threat to life or imminent death it's a cooling if you look you can see that the water and got her rights and my body feels really warm now and this is good for you. they plunge into icy water to make themselves stronger you can't get used to the cold if you can tolerate it and you can struggle with. people of snow and ice picks as a frost. having the cold. mission and free cretaceous and free transport charges free. range ones free risk free. to tide free.

download free broadcast quality video for your media projects and free media the hard tom you've. been living this way since the seventeenth century. rituals are strict. there are communities on the selected. the clearly distinguish between their own and the alien. and guard their family and faith is a treasure. hold it. hold it until. i. tell the truth.

good speech.

welcome back to the kaiser report i'm max kaiser time now to turn to gal where bird known as gale the actuary gail welcome to the kaiser report well thank you going to be back again all right gail tell us about the problem of an investment sinkholes whether in saudi arabia china or america what are they saying calls you right up about it why are they now a problem. well i think what happens is that we end up spending more and more are trying to extract resources of various types already in terms of just trying to provide water that we need for our society in the case of saudi arabia they end up putting in very extensive. desalination plants well when you get these desalination plants what you get back to is well now you have the water that you previously could have gotten from here i prefer respect those that were first

were getting he pleaded so we can't continue to use the aquifer water we have to use a desalination water is just that many times more expensive so what happens is we make this huge investment and that investment is made because of the pleading resources but when it comes right down to the welfare of the people is not all that much better we're just spending a lot more for investment right so there's a couple things going on here you have resources that are being depleted at the same time costs are going up and you end up with a compound in effect and you use the image of a sinkhole and in the case of saudi arabia you certainly see that also we see this in china correct. yes i think you can see that kind of thing there too they have a severe water problem and i think that you know has they need to use.

more earth or everything more workers more everything else their costs are going to be going up to now we're told that fracking is going to save the energy industry it'll make america an energy independent but fracking is one of the sinkhole like problems and that the life expectancy of a typical fracking project is not very long and the water needed for fracking projects is enormous and the water resources are being pressured all around the world correct exactly that we're using it right now in a box and while we're using it many different places where there shell oil resources and i know of shale while there was a mention in the block and the water they were using whisper river that was a tributary to the mississippi river and the mississippi river is very low so

you're going oh my goodness so this is kind of hard what's contributing to our low river problem situation but china has been mentioned as being i shall reducer constantly but they are very wired. and how they will find water to do this fracking is really uncertain yeah the images coming out of china of cities that are blanketed and pollution that is really shocking when you take a look at it clearly that's going to cut into their ability to be productive at some point i wanted to switch gears for a second and talk about something else you've written about which is minimum wage and this is something that doesn't get enough attention at all and you talk about minimum wage a little bit as you do in your recent piece. well i think what's happening right now is the total amount of wages that our workers are collecting is declining and this is really a competitive situation with the rest of the world and there's also the fact that

employers are spending more money on their energy resources when they find themselves needing to do is trying to. conserve resources of all sorts so they consider grows the human labor as well as the other labor and what happens is they end up cutting back the number of employees now we can raise the minimum wage but i think we still have this issue there are dollars and wages that we're paying in total is going down ok so this would be another type of same call and that wages real wages are declining regardless of what the policy is on minimum wage the real wages are declining but of course those wages are required to create the purchasing power to support an economy it also would create some savings to create the capital basis for a capitalist economy but policymakers seem to believe that wage earners are not

important anymore and they seem to believe that simply training the securities back and forth between banks and generating phase that's all we need in an internet economy your thoughts well i agree with you that seems to be when they think is the case i think part of what they think is that. jobs can be created out of nothing that you know we can just each other's hair much more often but of course we have a neat and scissors for the head and we probably need to have a way of transportation back and forth to go to the hairdresser. and in real terms what happens is not at all like once in their models we really need. well in other energy resources we need she well another energy resources in order to make our current economic model work ok now you mention a concept peak wages so this would fit into what you're talking about here but i

wanted you to expand on that a little bit tell us about your thoughts on peak wages. well we look at the wage situation and what i was doing is looking at the total wages paid and really this was by private employers as opposed to government wages because you can keep manufacturing government shops as much as you want but. were excellent to print money but when you look at the private. and their wages that they generate they seem to. stay in your decline as soon as well prices get high and really the time where we were generating good increases in wages is back when well was the quill and it's thirty gallons a barrel or less in two thousand and twelve dollars so we really need very cheap oil it's not just a little bit lower priced a while it's a lot lower price still are right so the leverage that came from the oil all you

can i guess you could call it revolution that's about one hundred years old oil is a remarkably dense energy efficient substance that powered one hundred years of growth but it also gave rise to an enormous global credit market because the oil extraction business is very expensive and of course as the easy to get oil has been depleted and you need to go offshore or you need to go into the tar sands or you need to go ever deeper in into the earth's crust to cosco higher the credit goes higher you end up generating this enormous global credit some might call a bubble so how does that also tie in with oil because if oil prices are not efficiently able to be extracted on a cost basis anymore to generate enough growth to support any kind of reasonable wages then can't we also say that the concurrent credit bubble that's been formed

these past twenty years is way over extended and perhaps about to pop. well i think that credit is reaching a limit that what's happened is that the amount of credit that has been extended to all of the different people around the world not just the people but the businesses and the governments it can't really grow it wages are growing so i think this is a big limiting factor on where we're going right now well it sounds like you're talking about a condition of peak credit and if that's the case then what's keeping the bond market as high as it is around the world what keeps the u.s. treasury bond market the the british pound sterling gilt market what's keeping these bonds afloat if if in fact we've had a situation of peak credit. well i think her what's happening is that the countries

are buying their own buttons your quantitative easing and so that they keep some of these bonds off of the market and so that keeps the thing kind of keeps the market go away but you know end up with a situation where you can't stop this quantitative easing without a real problem because you know bass was holding the market together all right carol what you're describing here seems to go completely against what ben bernanke has been saying lately ben bernanke is saying we're going to keep engaging in quantitative easing until that unemployment rate gets down to six and a half percent and as you are describing here the conditions for wages are such given the constraints on both the ecological front and on the credit front i don't seem to be going forward in any material way in reminds me of what milton friedman said a while back while he was still alive that there is no connection between monetary

policy and employment so what is bad bernanke you talking about when he says we're going to keep the quantitative easing spigot open until unemployment gets down to six nap percent i say does that make any sense to you. well i guess what he's saying is we're going to keep it open indefinitely you know we're all going to be in a race to the bottom and see how much. we can buy back ourselves but you know at some point this is just an unsustainable game there doesn't make any sense going forward if you were let's say running the central bank what would be one or two policies are running the the country's economy as a whole what would be wanted to policies that you would bring about to kind of change course if there is anything at this point and no one can do. i'm not sure that there's anything he really can do what's really happened is we quickly into caught into place how does it involve spending too much money much more than we can

afford we can't possibly collect enough taxes to pay for the social security and medicare plans that we promised and the equivalent programs in europe or japan you know there's a lot of things that you know that we really majorly have to change and the copulation just won't cut out with it right so i think over the do the work they do the same calls as you described and the articles that you're writing really a point to constraints in the economy and that that message does not go over well in a country like united states which is brought up to believe in this ever ending cornucopia of westword expansionism and to outer space of necessary that the same to be a complete philosophical disconnect between the reality of the resources and their constraints and the philosophy or the ideology they find coming out of washington

your thoughts. yes i think you're exactly right that. washington would like to do it as a whole to believe that you know we're all going to have electric cars tomorrow we motoring and their problem at most as well it's maybe like fuel supply situation but will it have to have a few more battery operated and wind power or whatever that. thing of the day is all right gallop fiberglass the cut that thanks so much for being on the kaiser report thank you i write on our finite world and you can subscribe to my twitter through gail the actuary all right kelly actually fantastic and that's going to do it for this edition of the kaiser report with me max kaiser and stacey armor i want to thank my guest counts warburg known as the gail the actuary until next time ask after saying oh yeah i want to say i mean email to sarcasm reported r

t t v dot ru bio. victims let's apply here. it's very profitable to invest in colombia with the very profitable is a very high return on investment. he said but i think working in this area for the city has always had to be the armed groups by me but the managers of change the name of strategy but just to the same murderous. high ranking suspects you know coming. to sit on that mr president. the president. spoke to me. i would give an interview i'm sorry but no. investigation. is it dead.

says six stop your bullshit and keep quiet or else you'll suffer the consequences. even if they're your bodyguards to watch themselves because the same goes for them . rivers from gold since i've never heard of such a case as ours were so much money and gold has stolen so many years. for all the gold in colombia on our t.v. . these are decent faces freedom fighters. and. they're ready to clean up a new sort of. that. and bring you. any time. if so loot play free float.

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