welcome to the kaiser report i max kaiser i am become death the destroyer of markets said any central bank are today. to get it to get the reference stacy yes max the central planning central bankers have literally destroyed markets and turned them into a giant weapon of mass financial destruction headline reads bond's liquidity threat is revealed in derivatives explosion the boom in fixed income derivatives trading is exposing a hidden risk in debt markets around the world the inability of investors to buy and sell bonds there is no volume in bonds because there is no market in bonds

because bonds are trading at three hundred year highs here in the u.k. at two hundred forty your eyes in the u.s. they are well confiscation certificates for sure they represent no value whatsoever the only people buying these bonds are the computers buying amongst themselves for other computers and this is part of the takeover of civilization by the machines the only one buying the bonds are the machines the only one who talking to each other are the machines well this is the machine revolution it's also the governments themselves like for example in japan the government is buying seventy percent of all j g b s so it could be a computer doing it on their behalf but they are buying at south no no no that's not true because most of the government officials are those love hotels checked overnight playing with some sushi wielding girl and meanwhile the machines are buying those g.b.'s the machines for themselves it's like godzilla lives inside the

whole of gram that is the financial markets and he's. eating the entire bond market because this is the way the machines take over the machines are taking the global economy private so the article then goes on to say that for example the u.s. treasury market which is the largest in the world is trading at thirty percent less volume than last year even though it's at all time highs the yield is. the lowest in two hundred forty years and they also said the shift reflects an unintended consequence wrought by central banks which have dropped interest rates close to zero and implemented policies such as buying debt to restore demand and economies crippled by the financial crisis inefficiencies in the hundred trillion dollar market for bonds may make investors more vulnerable to losses when yields rise from historic lows so as you see it like anywhere you look there's just so much rigging and so much government intervention that they are like distorted like a godzilla like freak creature that the whole markets have the participants the

real participants have to turn to things like derivatives they're creating derivatives and italy there's been an eight fold increase in driven is traded on the italian bond market which is the third largest in the world because there are no real bonds they only have to create a derivative of those of that bond market that's another part of the story is that the the bond itself plus a government bond issued by a government to finance the activities of the government does not have any was buying that bond the zeal it's there's no there's no level that's why they're going to negative interest rates over there in europe because even nobody wants to buy bonds so there's going to confiscate wealth and the derivatives market which are bets made on these holographic representations of ious some referred to as bombs are exploding in value because bankers need some way to make your city even though

it means generating trillions of dollars worth of bets. the horses are dead you know the horses are dead it's like the horse race has already been run. and all the horses are dead but they're still going to create derivative bets on a race made of horses that are dead the u.s. government bond is dead the u.k. government bond is dead j g p's of japan are dead jump on market is dead but they're going to make bets on the dead horses anyway because they can't stop themselves just they are in fact these are the machines the machines cannot stop it's the central banks i'll say i said governments before i meant central banks they're the ones flogging this dead horse the market is dead they've killed the market they are the destroyer of markets they have become death and in japan this article points out that trading in japan the world's second largest bond market has

virtually ground to a halt as the central bank gobbles up about seventy percent of the interest bearing debt sold each month on four days last week the benchmark ten year note opened late because there were no buyers in the market other than the other then the central bank right well they are the central bank policies of zero percent interest rates as a relationship unease bond market it is as you can as you infer in the beginning like an atomic bomb that is dropped from a foreign power that wipes out an entire country or a huge city and here you have central bank policy of zero percent interest rate orchestrated by a global cartel of bankers that want to free money to speculate on their own collection of artwork so if i own one hundred grandmasters old master paintings from one hundred years ago or two hundred years ago and i want to see the price quadruple then i'm going to tell the central bank please make money zero percent so i can borrow one hundred billion dollars to buy more of this artwork that i already

have on my wall so that i can use that as collateral to go buy a football team in the u.k. or go by. some more trophy wives over there in central pay and the central banks are complying but to the point where you have to ask yourself are these social banks even sent into human beings is mark karr even a sense and kind of human being or see an automaton it's a machine is he like that movie westworld of your brain or regroups office face and you see the inner workings of a machine the machines are winning let's go back to what your opening was it's a quote from oppenheimer when he created the nuclear bomb and the reason why he created the nuclear bomb was for the government in order to save the world from a war world war here we have central banks i am become death i am destroyer of markets because they had there was a financial war and they thought that they were saving the markets by creating this you know their intervention their nuclear bomb of policy and it's actually like

nagasaki and hiroshima you see just frozen consumer bodies out there nothing is moving and they're still like dropping more bombs on these people hoping that they reanimate them and they go shopping maybe one day but here we have even the bond market who is supposed to be the most liquid in the world is that there's no liquidity people were as you always talk about people like crawling in front of a steamroller is tasting nickels chasing yield here they're chasing liquidity by creating more financial products to create fake liquidity it's not a bunch of market it's the bomb market these are financial bombs that are being dropped at the end goal of gay or the other big bombs same little little just a little boy or big boy or little big just little big little house on the prairie boy so they're jumping. the the massive lie

that is told is that the central banks are fighting deflation. and then flush them or just came out this past few days. in the u.k. in the us they're graduating down. one and half percent now officially as i've been saying on the show for a few years quantitative easing and zero percent interest rates cause the flay ssion they cause the going to cause these prices to come down as they are doing now . because all this money is going to support a zombie banks machines that are crowding out all legitimate investment just causing massive malinvestment and there as a result the economies are imploding and then they say look the economy is imploding let's do more of the same let's do more quantitative easing let's do more money printing less to negative interest rates but that's in fact what's causing this economy to implode so paul krugman has been discredited utterly over there at the new york times he said this would not be the case is completely wrong everyone who said that this would be the story is now been i've been proven right of course

and they are proven completely wrong but they're also pointing that out is what is happening why why you're seeing this collapse and liquidity the death of the markets is because the central banks are buying up all the bonds the bonds are what is used as collateral by the banks to lend out into the economy but because the central banks are taking all of the capital out of the market there is no cap and there's nothing to circulate and they point out in japan for example bank of japan's bond paralyses seen spreading across markets the bank of japan's unprecedented asset purchase program has released a creeping paralysis that is freezing government bond trading constricting the end to the tightest range on record and breaking stock market activity that's an interesting word breaking but actually what they're saying is breaking b r a k i n so putting a stop but it's also breaking it's breaking the stock markets is breaking all the markets they're creating bond zillah yes mullins a lot is going to come out from

japan in the bond zillah's being fed by zero percent interest rates and. we can get a can imagine that the yield of bond zillah rising from tokyo is in fact the utter capitulation of these bond buyers and you see the old will suddenly skyrocket and this will cause more damage than the nuclear bomb and any of the atomic bombs more damage more and more damage that godzilla and bond zillah will stop the globe and trade unprecedented nightmarish economic hardship as being fed by mark carney janet yellen draggy the central bankers and their theories about deflation which have been discredited on the show over and over over again how many times are deployed up there that got there as a very strange thing where you really gains your percent interest rates you're causing the very thing they say you're fighting to spend then looked up at is up

there in tokyo tokyo is going to be like always pray that. god. will stop the good bugs. save a new set of sal this is the kind of damage upon silicon do this is what funds silicon do to the global economy you keep interest rates too low and too low for too long. ok ok ok calm down now the article then goes on to point out that the danger of this to the investment market the flows on both the buying side and selling side continue to fall so talk he tell you know the chief fund manager at mitzi who trust a banking company he said falling volatility is a very serious problem for traders and dealers who are on able to get capital gains so you have fallen volatility you have falling yields there's nowhere to make

money other than i guess everybody should just go to vegas because your your odds of winning there are better than in the market's literalism but origami that fella he's not helping the matter at all but playing for discussion propaganda. really know tell us why much because he says supporting the same. sort of thinking that doing this you know einstein said the definition of insanity is doing the same thing over and over again expecting different results but then they trade the atomic bomb and now bon still i say see we got to go. i'm going to go buy a new table great they say to have the second half a lot more. i

marinate join me on thirteen get impartial and financial commentary contribute and much much. only on bombast and not. write the scene. first for you and i think you're. on our reporters' twitter. instagram. to be in the.

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welcome back to the kaiser report imax keyser time now to turn to writer and activist carrie mendoza of script a knight who is crowdfunding the people's water cannon and start joint dot com welcome to kaiser report things have me on max all right so you know i've been back and forth on twitter and become great friends because i follow your your script and i've blogged as you do you really keep your finger on the pulse of what's happening in the u.k. the activist market and we kind of came up as people's water cannon idea if we did i tell you should come because there is boris's office there is this inspecting this is. not super soakers or w.

and the water cannon you know tell us first of all the mayor's talking about purchasing some water cannons what all that about what basically. and the police commissioner. of concocted this plan they won't want to comment on london streets so they asked to resign a she said they asked the people who they said no so they just went off to germany and basically boot them anyway so it's a bit of a kerfuffle going on between boris into reason may of this moment in time but you know the idea we came up with was basically before we see it going to have three water cannon surely me fair that the people of london and britain more widely would have at least one if they're very right i mean the water canon you've got a priced out of thirty thousand pounds is that what the price of a water tower goes for the it which is less than the bourses paying it is so first of all he's over to watertown and well you know this is the problem when you have to take political positions they've never run a budget in their life so that if we buy the water council crab to start join and then result of course maybe we should be made to get the people. exactly so

but the idea yes is the people's water canister for thirty thousand pounds and it's got of hundreds of people are rolling in money already because the idea is that and also i supplement this with our own. water pistols on the super soaker exactly so you know water well i realize this is this is the london white water fight there where we're planning a max where every show's in every uses water can and then we douse and we dress him we got right there him all the time with his little mop top looking at all one of us from up here and you know you've got to think and protect himself fringe benefits because you know as you know boris is going around closing about half of the fire stations in london so you know we might have a purpose for a water cannon which is we can put out a few fires on the way to this is because of the one hand the policy makers or the politicians are saying the economy is recovering there is growth and yet they are concerned about riots this summer so they're out there buying water cannons there's

something that's connecting there where you know you guys talk about on the show by the zombie economy you know this is a zombie economy we have where you can have in the same year you know the stock market is hitting record highs and so we see usage of people relying on food banks to eat something toshi the they so city of london economy has become completely detached from the real economy that you and i would note. in the testing widest gap between the top and the bottom of it anywhere in the world of the major economies in the world so there's this is terry package has done nothing except increase an enormous economic gap with the have yachts and the have not actually given you've got the richest you know if i family's in the u.k. own as much wealth between them as the bottom twenty percent of people in the entire country you know the united states as well has just. never with economic inequality is just so to the levels of nineteen twenty eight you talk about the

wall street crash took about pre new deal say you know inequality is a massive issue the government now you say that they're preparing say we should be as well well in britain as a pretty straight class structure anyway you know you've got a pretty. class. divisions but what we're talking about here is something else altogether are we were saying that these fake austerity measures that by the way the debt in the u.k. has gone up not down so when asked for says he's imposing austerity measures he hasn't cut back on the government's debt yeah government spending or the crony capitalism is nothing to do with austerity that's the thing i mean the reason they pick the sterett is to try to make one feel kind of post world war two as if we're all in it together when we're really working towards rebuilding the nation somehow from some sort of catastrophe and actual they're doing is expanding the catastrophe they've they've lived through this ridiculous absence of regulation on the

financial services industry economic boom to go off across london and the world and then instead of actually kind of going through the wreckage and and hoping but everybody up there actually saying no you guys called you guys meet here and h.s. said you know your homelessness there's too many of you poor people in fact you are because they've practiced i mean well the banks are still getting their bonuses politicians are still getting their post politics consultancy positions and raking up millions and speaking tours and we had tony blair winning his way back into the country to defend iraq this week. continues to be perpetrated on people who no wonder they're buying water cannon you know because it cannot be that long until you know the british people kind of wise up to the fact that they're basically been taken for right so the poor are being stepped. and not just the poor the poor are being scapegoated anyone who's reliant on public services which is pretty much all

of us you know anyone who wants to use a hospital scapegoated anyone hughes now at the age safe with their whole lives. trying to get a pension because well you make a point i want to focus on this for a second the worst areas a misnomer if it's a transference. in this country. you're saying it brings up images of post-war togetherness and ration books and there's something wrong going to fight together and join us in this fight against something just making you want to. just taking your wallet and all the transferring money especially so we know that was general percent interest rates that money goes from savers and pensioners and workers that goes into the club the credit absolutely so this should call austerity transference there's a transfer aspect of it so wealth transfer is not just a transfer of wealth transfer of property it's a transfer of assets you know schools have been sold hospitals have been sold to the h.s.b.c. now owns three hospitals i right in the u.k. in r.b.s. are involved in barclays is set up

a fund to buy up hospital in bankrupted three private financial so across the piece you have the government as quickly as possible selling the family silver kind of to create i think folks positive essentially and go with a reason economic activity happening out there during these off everything on which we were largely and i think it's going to take a couple of years for people to realise that we're going from landlords of foreign country to renters you know he said the government's basic plan seems to be set off with the royal mail sell for peanuts baseball game basement prices to the investment companies who then go on a much higher rate so they make their profit and then they get to rent it back to us for you know three six twelve times as much as it ever cost us to run the n.h.s. it's a classic example of the royal mail there they sell it off for peanuts especially the pensioners and places like germany so there are many pensioners will be living off the fat i have already. but the people who own the day are going to be paying

more for postage and i don't know that income at all so these are good income producing assets the n.s.a. has the royal mail transportation education these tags it off sell it off to foreign investors for peanuts yet and then the service charges here skyride. that of all the campaigns in the u.k. right now there's fracking there's the n.h.s. there's student c s those seem to be three big ones at the moment where they won the n.h.s. of course we're doing a project i started on as well which one. refracting about with vivienne westwood. who has worked on it but come i spent a few weeks can go around and people that it was a stunning to see kind of you know hard to base to members of the men who community and i'm just worried people from across the country coming together in a really cohesive nice way to a pace you know an existential threat essentially and this seems like fracking is

really touching a nerve you know i think because you know i'm i don't live in this country but i'm a i'm an observer i'm going to talk will of observing. in their in their anthropological of their habitats in their ways i'm fascinated by and i noticed that british people will spend hours and hours and hours watching monte don and his garden talking to plants you know if i go to their guard lovers and roses and and so this fracking i think like animal rights is another seems like a british hot button issue whatever so whenever a little is in danger somewhere yeah you know somebody old it was you better audit right yes to go save that somewhere but gardens another thing so fracking yeah and also sounds like another f. word say have like these days monsanto days a howl of birds and the drilling sounds like godzilla we talked about. a great criminal namely quadrille i realised i had to feel i know you know the evil is this

to look like journalists fracking you on mercifully in your garden right and we're not silent that can't be kind of stuff that. this is a painful frak from quadrille but is that part of the reason why this is such a hot button issue is that. you know people in this kind. the people of britain love britain as in the land mass part of it yeah i think that's part of it i think the other problem is that sometimes i think you know what we see that really upset the system a so i get frustrated by issues like the n.h.s. been sold off which i think is a really huge issue and it is a big issue but because people can't physically see their hospitals being sold off it doesn't quite translate but people can see the signs going up in their local communities about fracking wells are going to be opening here at such and such a day you know it's not that complicate these guys are going to dig a hole in the ground they're going to shoot later toxic rubbish into you know and they're going to make it all mass in the process and. then you were lending money

carcinogenic to get dry you're going to suffer contaminated water tables all of these issues which you know we're seeing in the states these issues are being you know shared widely amongst us so we can see what's happening already we know we know this is about i dare say people don't have to think too hard about their own position it's straight this is this is not complicated there are no financial instruments involved that we have to get our heads around. the bailout is that the crime was so complex that i think sometimes people get lost fracking is very very simple just a simple thing that people in the states when they find these kind of energy resources or mental resources they get some money. here in the u.k. if gas is found underneath your property you don't get nothing because the queen it's all owned by the queen the queen says essentially the crown assault by the crown even better than that is that they've just bought her yesterday and i suppose the developing debating the second reading of the infrastructure bill which is

basically because they don't want the queensland to be both a boil this fracking and neither do the aristocracy they still own a third or british land so basically everything is like dissolves it's a public asset so they're put into this bill that means they can actually privatized that land they just hand it off to. new quango which is then becoming a privately owned company so that's going through the madmen the whole point of that is to shift what we call streamline the planning process which he's kind of you know tori language for we're going to make a noise here for us to sell the slum to our friends so that they can put fracking wells on how to handle baton but get away with this because she's the queen i need a. queen is just some notional figurehead like a fairy queen does about other things whether things are the queen just fills out and you know i. cut the cord on hospitals and think she is the ceremonial role but she's an evil old bat completely a prince charles has vetoed you know hundreds of policies safety as they were

coming through parliament which would have infringed upon his business and commercial and land interests the queen is that over time we're going to be back saying that with the people's water can it get that andres ariane mendoza thanks for being on the kaiser report thanks for having me on max pleasure and that's going to do it for this edition of the kaiser report with me max kaiser and stacy herbert i'd like to thank our guests kerry and mendoza scripter knight if you'd like to get in touch tweet us a kaiser report to like sign but you know. you like. to think everybody.

know what. it's like. eight months now but sometimes from nothing the length of this song and. it's not just keep up the story you'll be shot just to be safe to the stage eight looked to be. but speech was. the bunk . dramas that can't be ignored. stories others refused to notice. the faces change the

walls lights now the. full picture of today's leaves. from around the globe. local. t.v. . played welcome to the truth. show thirty fold can just bend over billion euro zone thanks to that says to each one to keep a million degrees with uncle mark to take notes to sell from same piece go to france we travel in search of the song the phone we've got the future covered.

the muslim brotherhood and the court confirms almost two hundred members of the group will be executed their top leader among them. a russian border checkpoint comes on the ukrainian army even as a ceasefire is declared but moscow says the peace plan looks more like an ultimatum . the price of the world's most expensive. years behind schedule and billions the f. thirty five trashed by the designer of one of america's most iconic planes. the gap between the rich and the poor is not a lot during this country but it was like queen victoria. thousands of britons march.