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 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 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 jacked up overnight playing with some sushi wielding city girl and meanwhile the machines are

buying those a jeebies the machines for themselves it's like godzilla lives inside the hole of graham 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 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 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. it's there's no there's no level that's really going to negative interest rates over there in europe because even though nobody wants to buy bonds so there's going to confiscate wealth and the derivatives market which are a bet made on these holographic representations of ious some referred to as bombs are exploding in value because bankers need some way to make

a free 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 in 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 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 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 buy. 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 if you 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 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 steamrollers 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 prairie boy so they're jumping up people the the the massive lie that is told is that the

central banks are fighting deflation. and then flush them are just came out this past few days. in the u.k. in the u.s. they're graduating down one and a 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 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 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 seeing 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 market is breaking all the markets they're creating bonds zillah yes mullins all of that is going to come out

from japan if the bond zillah's being fed by zero percent interest rates and. we couldn't they could 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 than godzilla and bond zillah will stop the globe and crave 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 to point out that they got there as a very strange thing when you regain zero percent interest rates you're causing the

very thing they say you're fighting to spend a minute what's gonna happen is out there in tokyo tokyo is going to be like always pray that. god. will stop the good bugs. table there's a hell this is the kind of damage upon silicon do this is what bonds 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 trusts 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 the ship origami the fellow is not helping the matter at all but putting forward just got a propaganda. really you know tell us why max because this is supporting the same. survey king that doing this you know einstein said the definition of insanity is doing the same thing over and over again expecting different results. and 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 it's half a second half a lot more. to

genetics but eugenics vulgarized darwin science punishment for an uncommitted crying i was so there are things to learn to believe in eighty feebleminded still today for the few i don't know why. but i still don't know why genetic improvement through forced sterilization the basis for nazi ideology don't stop at just sterilizing and now go to the point of death. for years rarely discussed. till now i'd really rather not talk about that right. right on the scene. first street. and i think picture. on a reporter's twitter. instagram. to

be in the know. on. your friend post a photo from a vacation you can't afford college it's different. the boss repeats the same old joke of course. the ex-girlfriend still tends to rejection poetry keep. ignore it. we post only what really matters. to your facebook news feed. on your. college face.

a pleasure to have you with us here in our teens today. welcome back to the kaiser report imax keyser time that it started 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 thanks having me on max all right so you know i've been back and forth on twitter become great friends because i follow your your script

and i blogged as you 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 so i thought you should come because there is boris's office there right now rain 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 is talking about purchasing some water cannons what all that about well basically. and the police commissioner who can hire you and concocted this plan they won't want to comment on london streets so they asked reason a she said they asked the people who they said no so they just went off to germany and basically any way there'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 sure they say me fat 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 cannon goes for the rest of it which is less than the bourses paying it is so first of all he's over water town 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 canister for thirty thousand pounds and it's got of hundreds of people are throwing 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 when i realized this is this is the london white water fight there where we're planning here max where it shows you every uses water can and then we douse and we drank sham we came 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 can protect himself fringe benefits because you know as you know are 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 far as 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 not 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 no longer in the u.k. are seeing 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 the i mean you've got the richest you know five families 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 is 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 you know pretty strict class structure anyway you know you've got a pretty rare. 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 than 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 over the crony capitalism is nothing to do with austerity that's the thing i mean the reason

they pick the road sterrett is to try to make him 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 extending 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 a chair said you know you're 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 posts politics consultancy positions and raking up millions and speaking tours and we have 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 scapegoated. 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 every tiring they now try and get a pension because well you make 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 it's something we're going to fight together and joined us in this fight against something that is just making you want to. just taking your wallet while they're transferring money especially so we know that with zero percent interest rates that money goes from savers and pensioners and workers that goes into the club to kratz absolutely so they 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 write in the u.k. in and r.b.s. are involved in barclays and a wealth fund to to buy up hospitals if 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 i think it's going to take a couple of years for people to realise that we're going from landlords a foreign country to rent is you know he said the government's basic plan seems to be set it 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 in the n.h.s. it's a classic example of the royal mail that they sell it off for peanuts especially the pensioners and places like germany so there are many pressures will be living off the fat. but the people who in the u.k. are going to be paying more for postage and i don't think i'm at all so these are good income producing assets the n.s.a. has the royal mail transportation education there's taxes off sold 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 c s still seem to be three big ones at the moment with one of the n.h.s. of course we're doing a project on start on as well which one. refracting about with vivienne westwood.

who has worked on it but come i spent a few few weeks can go round and people that it was a. stunning to see kind of you know hard to face to members of the local community and i'm just worried people from across the country coming together in a really cohesive organized way to a pace you know an existential threat essentially and this seems like fracking is really touching a nerve that is you know i think because you know i'm i don't live in this country but i'm a i'm an observer good to talk will of observing. in their in their ethical logical 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 yeah you know it's a letter you wrote it was you know you better write us yesterday so save that

poodle somewhere but the gardens another thing so fracking yeah and also sounds like another f. word say have like these days months out of the day is a howl of birds and the quadrille of sounds like godzilla we talked about. the great criminal namely quadro. drew was hard to feel i know you know that evil is this still quadrilles fracking you are 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 the sky. after 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 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 show you later toxic rubbish into you know and they're going to make zero mass in the process and. then you will anything 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 owned by the queen the queen says essentially the crown sought by the crown even better than that is that they've just bought her yesterday and i suppose they're 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 did the aristocracy they 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 handed over to. new quango which is then becoming a privately owned company so that's going through at the moment the whole point of that is to shift 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 knew

they. the queen is just some notional figurehead like a fairy queen it was about other things other things resolve the queen just fills out and. cut the cord on hospitals and things she is the ceremonial role but she's an evil all bad company here 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 canon get their hands on the raised area and mendoza thanks for being on the kaiser report thanks for having me on mark's 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 guest carrie ann mendoza scripter knight if you'd like to touch tweet us a kaiser reports like stand by.

to get everybody. know what. it's like. feet played sometimes for nothing which. is so easy to go. to sleep just believe but still we can still be just if you see the stage take the baby to sleep with the teacher on the sally's.

plane. you leave the trouble believing flit from plug into what you might as you love something close to being entertained abused in trying to improve by a good local ritual company don't write a syllable humans are to blame just because two goals forcing you to. stay calm. we have been forced and restore peace we continue to do it will cost twenty four c. but this here we are taking control of brazil thank you thank you well we did receive the. i marinate in the financial world. docu series to goldman's cannot stop because it only takes the credit not going to get any better and life there are blue and there

are both good. an egyptian court confirms the largest mass death sentence in the country's recent history with almost two hundred muslim brotherhood members to be executed including the group's spiritual leader. a russian border checkpoint comes under ukrainian army shelling even as a ceasefire is declared moscow says the peace plan that looks more like a made up. of the world's most expensive jet just went off a years behind schedule and billions over budget thirty five is trashed by the designer of one of america's most iconic fighter planes. the gap between the rich and the poison in this country but it was what queen victoria.