welcome to the kaiser report i max kaiser i am become death the destroyer of markets said any central bank are today. do you get it the get the reference stacey yes max the central planning central bankers have literally destroyed markets and turned them into a giant weapon of mass financial destruction headline reads bons 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's 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 that's not true because most of the government officials are those love hotels jacked up overnight playing with some sushi wielding girl and meanwhile the machines are

buying those a 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. 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 one hundred trillion dollar market for bonds may make investors more vulnerable to losses when eels 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 free 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 a derivative 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 at the zeal it's there's no there's no level that's really 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 bet 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 have the central bank policies of zero percent interest rates as a relationship unease bond market it is as you 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 rates 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 two hundred years ago and i want to see the price quadruple then i'm going to tell the central bank please make money the 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 rips 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 a 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 spacing 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 like the angola gay or the other big bombs and little little just a little boy or big boy or little big just little big little prairie boys so

they're dropping. the the massive lie that is told is that the central banks are fighting deflation. and then flesh them are just came out this past few days. in the u.k. in the us they're grappling down one 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 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 yen 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 bonds zillah yes mullins all of that is going to come out from japan in the van zyl is being fed by zero percent interest rates and. we 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 then the nuclear bomb and any of the atomic bombs more damage more and more damage than godzilla and bond zillah will stop the globe and crave unprecedented nightmarish economic hardship as being fed by mark carney janet yellen mario draggy the central bankers and their theories about deflation which have been discredited on this show over and over over again how many times are deployed up there to get there as a very strange thing where you really gain zero percent interest rates you're

causing the very thing they say you're fighting and then what's gonna happen is up there in tokyo tokyo is going to be like always pray that. god. will stop the good bugs. the table there's a shell this is the kind of damage a bug silicon do but this is what bond 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 takehiko your shino 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 markets like to some but our economy that's all of these not helping the matter at all but playing for discussion propaganda. really you know tell us why max because this is supporting the same absurd thinking that doing this you know einstein said the definition of insanity is doing the same thing over and over get expecting different results ok then they trade the atomic bomb and now. i say we've got to go. i'm going to go buy a new table great they say to have the second half a lot more. but

eugenics vulgarize ation of darwin science punishment for an uncommitted crying i was never the least one of them could be innately feebleminded still today those are the few i don't know why. but i still don't know why genetic improved through forced sterilization the basics. don't stop at just rarely discussed. till now really rather not talk about that right.

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live. live in the gulf blah blah. economic record. or it. lists lists plenty. such lists now a. parts list what if the public list of scientists. welcome back to the kaiser report imax keyser time that it started to writer and activist carrie mendoza of script tonight who is crowdfunding the people's water

cannon and star joined dot com welcome to kaiser report thanks 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 blocked 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 in spitting distance from iraq. so it won't super soakers or w. and the water cannon you know tell us first of all the mayor's talking about purchasing some water cannons wasn't all that about well basically. and the police commissioner. and 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 pulled 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 that the people of london and britain more widely would have at least one if they're very right i mean the water channel you've got a priced out of thirty thousand pounds is that what the price of a water tower goes for the rest of 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 resell it to boris maybe we should be made to get the people. exactly so but the idea yes is the people's water can it's a thirty thousand pounds and it's got of hundreds of people are calling 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 here max where it shows you every uses his water can and then we douse and we drank sham we got right

a mother time with his little mop top looking at all one of us from up here and you know you've got to think can protect himself fringe benefits because you know as you know he's got our enclosing 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 say those 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 he's usage of people relying on food banks to eat something tells you the city of london economy has become completely detached from the real economy that you and i would know a lot in the widest gap between the top and the bottom of it anywhere in the world

of the major economies in the world so this this is terribly package has done nothing except increase in the normal economic gap with the have yachts and the have not actually the i mean you've got the richest you know if i family's in the u.k. 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 have economic inequality is just so to the levels of nine hundred twenty eight you talk about the wall street crash took about a 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 strict 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 us more says he's imposing austerity measures he hasn't cut back on the government's debt yeah the government spending the crony capitalism is nothing to do with austerity that's the thing i mean the reason they pick the road austerity is to try to make everyone feel kind of post world war two as if we're all in it together when we're really working towards repairing the nation somehow from some sort of catastrophe and i'm sure they're doing is expanding the catastrophe they've they've lived through this ridiculous absence of regulation on the financial services industry in economic boom to go off across london and the world and then instead of actually kind of going through the wreckage and and hoping buddy everybody up they're actually saying now you've got schools that you guys meet here n.h.s. and you know your homelessness there's too many of you poor people in fact you are because they have dragged us dying meanwhile 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 loan until you know the british people kind of wise up to the fact that basically been taken for right so the poor are being stepped. in 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 who scapegoated anyone hughes now at the age safe with their whole lives every tiring they now try and get a pension because i asked well you made a good 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 with gentle percent interest rates that money goes from savers and pensioners and workers that goes into the kleptocrats 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 hospitals it's been bankrupted free private financial so across the piece you have the government as quickly as possible selling the family said 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 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 it

off with the royal mail settle for peanuts based bargain basement prices to the investment companies who then own a much higher rate so they've made their profit and then they get to rent it back to us for you know three six twelve times as much as ever cost us to run in the n.h.s. it's a classic example of the royal mail that they sell it off for peanuts especially to pensioners and places like germany so there are many pensioners will be living off the fat i have already. but the people who are in the u.k. are going to be paying more for postage and i guess that income at all so these are good income producing assets the n.s.a. has the royal mail transportation education those tags it off sell it off to foreign investors for peanuts yet and then the service charges here skyride. i get that of all the campaigns in the u.k. right now there's fracking there's the n.h.s. there's student sees seem to be three big ones at the moment we're the one the

n.h.s. of course we're doing a project on start on as well which one. fracking event was vivienne westwood. who has done 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 local community and i'm just worried people from across the country coming together in a really cohesive nice way to a paste 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 in his garden talking to plants you know go to their guard lovers and 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 you know celebrity or old it was you know better to do in their private jets to go save that total somewhere but the gardens another thing so fracking yeah and also sounds like another f. word. like these days monsanto days a howl of birds and the quadrille it sounds like godzilla we talked about. a great criminal maybe an equine drug. drill is our feel i know you know evil is this still quadrilles fracking you i'm mercifully in your garden right and we're not silent that can't be kind of stuff that bring. her to 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 misc. and for 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 a 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 all mass in the process and. then you're letting carcinogenic . 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 for kings 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 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 said loads of 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 that still own food or british land so basically everything is left is ours it's a public asset so they're put into this bill that means they can actually privatized that land they just hand it over to. new quango which is then becoming a privately owned company so that's going through the bagman the whole point of what we call streamline the planning process which he's kind of you know

a tory 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 was about other things other things like the queen your skills and you know i. cut the cord on hospitals and think she is the ceremonial role but she's an evil all bad company you know prince charles has vetoed you know hundreds of policies a few years they were coming through parliament which would have infringed upon his business and commercial and land interests the queen is the only time we're going to be back in there with the people's water can't get their hands on the raised area 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 stacey herbert i'd like to thank our guest kerry and script to night if you'd like to get in touch tweet us a kaiser report that i stand by. your

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