i am max keiser welcome to the kaiser report scientists used to believe that the earth was the center of the universe today economists who call themselves scientists claim that the economy revolves around these central banks stacey herbert max to set this episode up we need to look at this william bonzai are here and this is the fractal reserve system behold the sacred dow as you know of course we have this secret dow if the dow jones or the nikkei or the footsie if they rise if they continue to rise then all will be ok in the economy so we sacrifice our

wealth our economy jobs everything to rising a rising dow well that's not what we have not predicted in other words we said that after the two thousand a crisis that there would be massive money printing and one of the likely outcomes would be hyperinflation in the stock indexes people read away from cash they've been shut out of the precious metals markets because there's a huge barrier in the form of these naked short sales so that they've been sold you can't go into precious metals the bond market is already at a three hundred year high in the u.k. or a two hundred thirty eight year high in america so that leaves only one play stock market so they're being chorale into the stock market in type or inflation because in america interest rates are close to zero so you have to really understand that the dow jones is the new currency it's the new to the new dollar and your ability to buy that down your purchasing power with your wages is crashing so it is hyper

inflation right now because the wages are static wage growth the static so your ability to buy into the dow which is the currency of the new empire is crashing this is high. also i've noticed a lot of analysts and commentators and so-called economists have apparently they're completely high on free money l.s.d. acid you know free money ask their stoned off their brain because if you look at this headline from slate magazine the salvation of japan prime minister shinzo rbs bold recovery strategy is working something remarkable happened on thursday sony posted a profit it was the first profit for one of japan's iconic firms since two thousand and eight the exact same day the price of yen slipped below one hundred to the dollar for the first time in ten years so never mind the fact that sharp another japanese giant reported the following day record losses in the hundred year

history never mind the fact that the yen dropping is causing a currency war which is leading to military where there are threats of military conflict china is not happy about this crashing yen which is down thirty percent in the last six months it's exactly right so this crashing yen is at the expense of exports from nations like china south korea vietnam the whole region is having to underwrite japan's emergence as exporting economic growth scenario which is causing huge militarization and military conflict in the region and remember that the yen for twenty years has been the funding currency it's been very cheap relative to these other currencies it's a place to go to borrow remember the yen carry trade you borrowed and yet it bought real estate in iceland and then iceland crashed or you borrowed again and you speculated in the other areas of the market the real estate market the dot com even

going back to that era and these markets crashed so they just made the yen more of of a of a funding currency by making it artifice. really cheap in this way japan has a debt to g.d.p. of two hundred percent that's just the government if you include the corporate debt it's closer to five six hundred percent total debt to g.d.p. so here's a country that is attempting to make that debt look smaller by creating artificial inflation by crushing their own currency so that they can say well our debt to g.d.p. is decreasing however the overall economy is now in much probably a bigger bubble now than even in one nine hundred eighty nine was when the bubble economy in japan hit in a crash down sixty seventy eighty percent in the nikkei now they're going to inflate that probably on a less secure economic footing so this could be an even bigger bubble in japan now well ben bernanke he calls. plans he calls them rooseveltian resolve in his

resolve to fight and defeat deflation part of this is a has appointed go karada to the bank of japan now slate talks about this new policy of seventy five billion dollars a month of assets in equity purchases and more money printing than ever is the stimulus program will be affordable because under hirohito the bank of japan is committed to printing as much money and buying as many bonds as are out there well it's funny that bernanke you make that comment because of course roosevelt is somebody who he cast aspersions toward in any any possible moment he's a milton friedman a guy he's a monetarist he's a money printer so to go back and say well it's the roosevelt like stick to it of ness is really again duplicity on the part of ben bernanke he picks a policy i mean this is classic. duplicity on the part of wall street or what

people call selective amnesia where he'll remember certain things if it supports his current theory but they'll forget everything else that doesn't support his current theory that could change at any minute so anyway they're praising the sacred meat. i need to is up seventy percent since the was elected in december so it's up it's up it's up now of course the yen was at seventy seven to the dollar back in november it's now at one hundred and one hundred two to the dollar so it's crashed by thirty two percent so accounted for half of the rise in the nikkei but of course the slate authors do not mention the whole situation with the japanese government bonds which are limited down almost every single day but the japanese bond market is fukushima so you have japanese bond market like atomic reactors melting melting down so you have doubled so the cost of funding this growth in japan has been artificially stimulated has doubled remember they've got debt two

hundred percent g.d.p. five percent total the debt servicing just doubled but again bernanke in the rest they don't look at that then look at fukushima remember which is the owner of fukushima one of blew up and created a radioactive fish who flew over to los angeles and ended up on the sushi place of spa go diners they did the same jack nothing about it because it wasn't convenient for them to talk about fukushima here the bond market is going through an atomic explosion but it's not convenient to talk about it because it invalidates this idea that their god the artwork suggest that they're the dow gobs of the markets of their milton friedman on crack and bernanke exemplifies that to perfection well let's continue on bonds we mentioned bernanke ian relating it to japan because he says bernanke blower of bubbles and this is from paul krugman in the new york times and he asks why all this talk about the bond bubble partly reflects the correct observation that interest rates are very low by historical standards what you need to bear in mind however is that the economy is also in

a specially terrible shape by historical standards once in a three generations terrible the usual rules about what constitutes a reasonable level of interest rates don't apply well again is total do. posted it because krugman is saying rates are down because the economy is soft but then the officials in japan are saying rates are rising because it can make activity is up you say so again it's convenient in japan to say economic activities up so rates are rising but a new side of the ocean they'll say well yeah you know the economy's down there going through deflation it's a basket case that's why rates are so low so here you have jim major economies the second in the top three of the world the primary doctrinaires and dog authors of these two economies can agree even on the general principles that guide these are policies in these economies the bottom line is that interest rates are near zero and they're inflating in an enormous godzilla like bubble that like godzilla will

soon start knocking buildings over worst of the crash of eighty nine one thousand nine hundred. so of course paul krugman made that fatal error there of saying that this time it's different that's what you always hear at the south of a bubble so he's using the argument that this time is different to justify these bond rates being at you know bond yields being at the all time lows so he's also saying that the reason why they won't rise is because the fed can control their rates of course right now he thinks they're like chairman mao and they can just dictate what the markets will do and he then goes on to talk about how that investors are who are betting on a bond crash and anyway just have an irrational hatred for ben bernanke and so i want to talk to one of the biggest bond vespers in the world in fact the biggest bond besar in the world which is bill gross of pimco which is two trillion dollars bond fund never have investors reached so high in price for so low return never have investors stoop so low for so much risk never to have so many investors

then who would winkled into such a crappy trade and then the bunch or a little defraud so many. wow in my church all impressionism work i think but the point is that. i use a car maybe a bowl or a big bottle of whiskey and a dog. however the point is bill gross that this is. com era of an illusion with an enigma puzzle remember the enigma puzzle solving machine from world war two they had to solve the puzzle but they let the attack happen anyway the original false flag or one of the original false flags of that era because they needed to pop the germans if they knew that the unix machine and solve all the puzzle similarly bill gross solve the puzzle he's saying look bond markets ready to crash but we don't want to tell the stupid fish over there in the

u.s. like paul world war two germany hitler they made that famous film triumph of the will to propagandize their message same thing with proper argument he's the lena the filmmaker of the new york times well finally on this because then krugman says and one should never forget the example of japan where bets against government bonds justified by more or less the same arguments currently made to justify claims of a u.s. bomb bubble ended in greece so often that the whole trade came to be known as the widow maker at this point japan's debt is well over twice as g.d.p. its budget deficit remains large and the interest rate on ten year bonds is point six percent though no that's not a misprint he says well of course he wrote that a may ninth when the interest rates were point six percent within a week there a point eight six percent so that's a pretty huge rise as a forty percent rise in the course of a week listen jonathan i know you got a little tiff going with your pants a moment here so i can really screw him up start shorting japanese government bonds

really aggressively on the open market with massive naked short sells drive that interest rate to four percent on the ten year and you have to worry about your pet ever again ok joined by the way you used the proceeds to buy gold. dear friend max. by colt all right stacy thanks so much for being once again on the kaiser report thank you max say two of us i can have a whole lot more. you know how sometimes you see a story and it seems so for lengthly you think you understand it and then you glimpse something else and you hear or see some other part of it and realize everything you thought you knew you don't know i'm tom harkin welcome to the big picture.

here is mitt romney trying to figure out the name of that thing that we americans call a dollar. i'm sorry i'm just a guy who cares an awful lot of money you sir are a fool you know what kind of my self but i don't want to give us a defeat terrorism be a liberal and a christian point you. can see your bill is going to. you know the corporate media distracts us from what you and i should care about because their profit driven industry that sells of sensationalistic garbage because of breaking news i'm having martin and we're going to break that.

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i am max keiser welcome to the kaiser report scientists used to believe that the earth was the center of the universe today economists who call themselves scientists claim that the economy revolves around these central banks stacey herbert max to set this episode up we need to look at this william bonzai are here and this is the fractal reserve system behold the sacred dow as you know of course we have this secret dow if the dow jones and the nikkei or the footsie if they rise

if they continue to rise then all will be ok in the economy so we sacrifice our wealth our economy jobs everything to rising a rising dow well that's not what we have not predicted in other words we said that after the two thousand a crisis that there would be massive money printing and one of the likely outcomes would be hyperinflation in the stock indexes people read away from cash they've been shut out of the precious metals markets because there's a huge barrier in the form of these naked short sales so that they've been sold you can't go into precious metals the bond market is already at a three hundred year high in the u.k. or a two hundred thirty eight year high in america so that leaves only one play stock market so they're being chorale into the stock market in type or inflation because in america interest rates are close to zero so you have to really understand that the dow jones is the new currency for the new to the new dollar and your ability to

buy that down your purchasing power with your wages is crashing so it is hyper inflation right now because the wages are static wage growth the static so your ability to buy into the dow which is the currency of the new empire is crashing this is high. inflation also i've noticed a lot of analysts and commentators and so-called economists have apparently they're completely high on free money l.s.d. acid you know free money ask their stoned off their brain because if you look at this headline from slate magazine the salvation of japan prime minister shinzo rbs bold recovery strategy is working something remarkable happened on thursday sony posted a profit it was the first profit for one of japan's iconic firms since two thousand and eight the exact same day the price of yen slipped below one hundred to the dollar for the first time in ten years so never mind the fact that sharp another

japanese giant reported the following day record losses in the hundred year history never mind the fact that the yen dropping is causing currency war which is leading to military where there are threats of military conflict china is not happy about this crashing yen which is down thirty percent in the last six months it's exactly right so this crashing yen is at the expense of exports from nations like china south korea vietnam the whole region is having to underwrite japan's emergence as exporting economic growth scenario which is causing huge militarization military conflict in the region and remember the yen for twenty years has been the funding currency it's been very cheap relative to these other currencies it's a place to go to borrow remember the yen carry trade you borrowed in the end and bought real estate in iceland and then iceland crashed or you borrowed again and

you speculated in the other areas of the market the real estate market the dot com even going back to that era and these markets crashed so they just made the yen more of a of a of a funding currency by making it artifice. really cheap in this way japan has a debt to g.d.p. of two hundred percent that's just the government if you include the corporate debt it's closer to five six hundred percent total debt to g.d.p. so here's a country that is attempting to make that debt look smaller by creating artificial inflation by crushing their own currency so that they can say well our debt to g.d.p. is decreasing however the overall economy is now in much probably a bigger bubble now than even in one nine hundred eighty nine was when the bubble economy in japan hit in a crash down sixty seventy eighty percent in the nikkei now they're going to inflate that probably on a less secure economic footing so this could be an even bigger bubble in japan now

well ben bernanke he calls. plans he calls them rooseveltian resolve and his resolve to fight and defeat deflation part of this is a has appointed go karada to the bank of japan now slate talks about this new policy of seventy five billion dollars a month of assets in equity purchases and more money printing than ever is the stimulus program will be affordable because under hirohito the bank of japan is committed to printing as much money and buying as many bonds as are out there well it's funny that bernanke you make that comment because of course roosevelt is somebody who he cast aspersions toward in any any possible moment he's a milton friedman a guy he's a monetarist he's a money printer so to go back and say well it's the roosevelt like stick to it have this is really again duplicity on the part of ben bernanke he picks

a policy i mean this is classic. duplicity on the part of wall street or what people call selective amnesia where he'll remember certain things if it supports his current theory but don't forget everything else that doesn't support his current theory that could change at any minute so anyway they're praising the sacred meat. i need to is up seventy percent since the was elected in december so it's up it's up it's up now of course the yen was at seventy seven to the dollar back in november it's now at one hundred and one hundred two to the dollar so it's crashed by thirty two percent so accounted for half of the rise in the nikkei but of course the slate authors do not mention the whole situation with the japanese government bonds which are limited down almost every single day but the japanese bond market is fukushima so you have japanese bond market like atomic reactors melting melting down so you have double the cost of funding this growth in japan

that's been artificially stimulated has doubled remember they've got debt two hundred percent g.d.p. five percent total debt servicing just doubled but again bernanke in the rest they don't look at that then look at fukushima remember tepco which is the owner of fukushima one of blew up and created a radioactive fish who flew over to los angeles and ended up on the sushi place of spa go diners they did the same jack nothing about it because it wasn't convenient for them to talk about fukushima here the bond market is going through an atomic explosion but it's not convenient to talk about it because it invalidates this idea that their god the artwork suggest that they're the tao gobs of the markets are there milton friedman on crack and bernanke exemplifies that to perfection well let's continue on bonds we mentioned bernanke ian relating it to japan because he says bernanke blower of bubbles and this is from paul krugman in the new york times and he asks why all this talk about the bond bubble partly reflects the correct observation that interest rates are very low by historical standards where you need

to bear in mind however is that the economy is also in especially terrible shape by historical standards once in a three generations terrible the usual rules about what constitutes a reasonable level of interest rates don't apply well again is total duplicity. because krugman is saying rates are down because the economy is soft but then the officials in japan are saying rates are rising because it can all make activity is up you say so again it's convenient in japan to say economic activities up so rates are rising but a new side of the ocean they'll say well yeah you know the economy's down there going through deflation it's a basket case that's why rates are so low so here you have jim major economies the second in the top three of the world the primary doctrinaires and dog authors of these two economies can't agree even on the general principles that guide these are policies in these economies the bottom line is that interest rates are near zero

and they're inflating in an enormous godzilla like bubble that like godzilla will soon start knocking buildings over worst of the crash of eighty nine one thousand nine hundred words so of course paul krugman made that fatal error there of saying that this time it's different that's what you always hear at the south of a bubble so he's using the argument that this time is different to justify these bond rates being at you know bond yields being at the all time lows so he's also saying that the reason why they won't rise is because the fed can control the rates of course right now he thinks they're like chairman mao and they can just dictate what the markets will do and he then goes on to talk about how that investors are who are betting on a bond crash in any way just have an irrational hatred for ben bernanke and so i want to talk to one of the biggest bond vespers in the world in fact the biggest bond investor in the world which is bill gross of pimco which is two trillion dollars bond fund never have investors reached so high in price for so low return

never have investors stoop so low for so much risk never to have so many investors then who would winkled into such a crappy trade and then the bunch that'll defraud so many. wow in my church all impressionism work i think but the point is that. i use a car maybe a bowl or. big bottle of whiskey and a dog. however the point is bill gross that this is. a calm era of an illusion with an enigma puzzle remember the enigma puzzle solving machine from world war two they had to solve the puzzle but they let the attack happen anyway the original false flag or one of the original false flags of that era because they needed to off the germans if they knew that the unit machine and solve all the puzzle similarly bill gross solve the puzzle he's saying look bond

markets ready to crash but we don't want to tell the stupid fish over there in the u.s. like paul krugman who's like the official propagandist you know world war two germany hitler they made that famous film triumph of the will to propagandize their message same thing of proper argument he's the lena the filmmaker of the new york times well finally on this because then krugman says and one should never forget the example of japan where bets against government bonds justified by more or less the same arguments currently made to justify claims of a u.s. bomb bubble ended in grief so often that the whole trade came to be known as the widow maker at this point japan's debt is well over twice as g.d.p. its budget deficit remains large and the interest rate on ten year bonds is point six percent though no that's not a misprint he says well of course he wrote that a may ninth when the interest rates were point six percent within a week there a point eight six percent so that's a pretty huge rise as a forty percent rise in the course of a week listen john i know you get

a little tiff going with your pants a moment here so i can really screw him up. start shorting japanese government bonds really aggressively on the open market with massive naked short sell to drive that interest rate of four percent on the ten year and you have to worry about japan ever again ok by the way use the proceeds to buy gold for your friend max buy gold all right stacy thanks so much for being once again on the kaiser report thank you max this i got a whole lot more. there ready to come here as a woman and not get paid for it. people from all over the wound. what does it take to become a volunteer at russia's premium museum why did the son of the come here. from one

of the camps do. behind the scenes of the. let me let me as one know not let me ask you a question from. here on this network is what we're having a debate we have our knives our. behavior to give the facts about staying there to get here in a situation where b. and i don't agree to talk about surveillance which. potentially deadly blizzard taking aim for the northeast is expected to hit stunning in a few hours from new york to maine we have team coverage of the storm. but what we're watching is the very heavy snow moving into boston properly or today it

was very sticky you can see it start to become much more patrie down here the bottom line there is still a lot of snow out here a good place for snowball fight. d.c. it is going to pretty incredible day there and even record snowfall throughout much of in life you'll be slightly driving lessons some emergency vehicles are exceptions.

tom hartman in washington d.c. and here's what's coming up tonight on the big picture. in the wake of the a.p. phone records scandal president obama has tried to distance himself from the controversy by proposing a new media shield law but can we really trust someone who has overseen one of the biggest assaults on whistleblowers in history to defend the freedom of the press just a moment also today's factory collapse in cambodia is just the most recent workplace disaster to capture headlines around the world what will it take to create global factory safety standards and.