today's news. comes in from around the globe in the brooklyn. this is the custom report do you like donuts. burger king like. or

a buffet likes donuts. stays it's more in tax me more buffett max kaiser remember last year he was saying that the rich are winning the class war and that in fact he invited the government to tax him more because he pays less in taxes than a secretary does and of course he is behind this big merger between burger king the second largest burger seller in america and tim hortons which is the largest coffee and donuts seller in canada now what this is all about is a tweet from stacy l.o.l. now burger king wants to drop its u.s. passport and become a free healthcare loving canadian so this is one of these tax inversion deals where by they're no longer have to pay or be subject to the u.s. tax which is forty percent the canadian tax twenty six point five percent yeah this is really

a big story in the financial press warren buffett financing this burger king takeover of jim morton's a canadian going to change to avoid u.s. taxes and i mean we thought back to the one nine hundred sixty s. where you had a lot of young men living in. we're going to go to canada to avoid fighting in the vietnam war here are the twenty fourteen here we have people who want to avoid paying for those wars because half of america tax goes to the pentagon goes to the defense budget to start these wars of convenience to continue the american empire around the world but warren buffett of course doesn't want to have to pay for those wars so he's fleeing to canada so these are financial. cowards let's talk about this more specifically we're in buffett has paid for three billion of the eleven billion dollar cost of the takeover and he in exchange gets preferred shares for that now burger king itself with seventy percent owned by three g. which is private equity firm the other bits of it were owned by bill ackman pershing

square so you know it's mostly private equity owned americans themselves they don't care they're still like. this is an american company we love it we're patriots we're going to consume here but the other thing is you mention the tax back in the one nine hundred sixty s. the government revenue here in the u.s. was about twenty percent from corporate tax free now it's just about ten percent so here even that share though all the american corporations burger king is very much associated with the american brand that they are fleeing america just when patriotism is rising here the a burger king shop was bought out by private equity and then it was relisted as a public stock offering and of course the private equity is fueled by ultra low interest rates from a compliant that is on beck and call from the oligarchs of america to lend them money at near zero percent are in some cases under zero percent a negative interest rate. the kind of spruced up the burger king franchise took

a public again taking advantage of stock buybacks and earnings fraud and market manipulation now to add insult to injury to the americans are putting up good money . to fight these wars of sending soldiers off to fight these wars apparently to defend democracy and freedom no no warren buffett the financial coward is saying let's go to canada and avoid paying for these wars so that we can take advantage of the canadians the maple syrup and all the all the the benefits of being up there now i might say that fifty two percent of fast food workers are already on some sort of welfare from the taxpayers of america whether it's food stamps or medicaid and the other thing of course is that the likes of burger king are massively subsidized by the likes of the corn subsidies to agricultural subsidies so you know they've benefited from that and on top of that like i said in a previous show it's these sort of huge corporations that have really lobbied the

most for the tax code being so complicated i mean that the corn subsidy i think is another interesting angle to how all of our speak come all the carts in america send something like sixty percent of all the food by the average american is high fructose corn syrup which in the increase is an enormous. the cost of health care in america and the diabetes epidemic out of control but it's all subsidized by the federal government because they underwrite agriculture america the corn crop in america so that places around other countries can't compete you know specifically. africa and other places who are left holding the bag and so once again area they get free money from the fed he gets a subsidy from the corn industry he gets to do deal with private equity that is again underwritten by the federal government in the tax code and market

manipulation to take all those tax dollars to canada because he doesn't want to pay for the wars the same ministrations started buffett himself has made clear that berkshire hathaway is going to pay us taxes on their gains from this deal in their preferred shares. it's the private equity of three g. and pershing square who don't want to pay the u.s. taxes and burger king now will no longer be a u.s. company but now you mention suicide consumption and that takes me to the next headline where i'm thinking well you know americans are it's just more and more of his personal income tax which is paying for the wars that americans love ok they they do love it and they love us they love all sorts of corporations including this now canadian corporation of burger king which they don't mind subsidizing so how are they going to generate more income and i thought a really good way to combine all of this sort of police state suicide consumption and all that comes in the headline from my t.v. suicide tourism numbers double in four years researchers finds a suicide tourism is on the rise experts said after they found that the number of

people traveling to switzerland to take their own lives had doubled in four years now one of five of those are brits but i thought you know here we are you know america really specializes in suicide by cop and this could be some sort of the tourism you know the posters over in europe for in fact that he said they could say don't put a switzerland where they're just going to give you a little tiny you know thing of chocolate syrup that you drink and it's going to be so quiet spectacular to go out and tell of bullets in new york city or chicago or detroit or l.a. assisted suicide or euthanasia is a growth industry you say twenty percent are brits that's completely understandable i was expect that number to quadruple as the rain continues unabated this is coldest august mystery so the number of brits going to switzerland to dignity tops another euthanasia clinic sums set to surge and that's completely understandable and i understand that but as far as the rest of the economy goes you've got

a business model where you disenfranchise folks you gorge them with high fructose corn syrup to the point where the logical way for them to play out their life is just. plea get and jack did with death chemicals and in america though as you point out they just like to throw themselves in for a hail of bullets from the police so this is the way they do it in america and now you know how everybody in america they're either in fast food working or retail sector but they're also providing like lugar jobs people are driving all theirs as part of their income way and part of this police state i thought you know in ninety seven and two there were only two hundred thirty thousand americans in prison now we have two point three million americans in prison and this could be combined with an air b. and b. this is another way to possibly make money is the rent out one a room in your house to be a prison you could you could be a warden basically that's your sort of job what about suicide doenitz suicide donuts but in this case in the end the idea of being like air b.n. b.

your hotel your for the night here your taxi driver for the day and you can also provide you could be a prison warden that's a good job that's you know you could possibly do that so the prison warden for a day so it's a social networking and they both p.d.p. disruptor and the prison business where anyone can be a euthanasia clinic in prison by the day and they can feed them the suicide on it so it's important as you mention and begin to say have a talk with liquid apparently that does the deed well why not just fill doenitz with that chocolate liquid and suicide donuts you can serve your home and do like a goober modeler air b.n. b. model for the unsurprising home suicide clinic slash prison operator and disrupt the prison and suicide clinic business and put both corrections core of america and dignity out of business with this new business model and in fact i'll tie them all together in another remarkable story we've learned since being here is that we

noticed in our hotel room a life alert a big giant button on the floor underneath the desk and we asked the manager of the hotel what this is about and apparently it's because of that dominic strauss kahn. former i.m.f. guy allegedly or possibly or whatever you know tax some woman in a hotel here and all the unions here got them to have to impose into every single room in the hotels here just like alert for the maids if they're possibly attacked by people that's a great deal for somebody to sell that contract well i'm not clear is it because of the alleged rape. that the hotels are putting in this panic button in all the rooms or is it because he's a central banker exactly because you have janet yellen ben bernanke christine legarde. the big time bankers in new york and london and if you see one on the street if you see one in your hotel room should be able to hit a panic button and say my god there's a banking alleged rapist in my room who's going to commit quantitative easing all

over my face i need to stop this fool the and from gagging me with all this q.e. help help the panic but help quantitative easing and then you know tying this all together including to the u.k. which is of the previous empire to the american empire and that this is a remarkable sentence actually from the globe and mail a canadian paper so it makes sense that we're talking about this this becomes canadian state trooper suspended as naked incidents increase in the us american state police trooper has been put on administrative suspension after sheriff's deputies responded to a call reporting a naked man drinking at a bar in a barbecue restaurant the sentence that struck me is the following the incident is the most recent in a spate involving people around the here night at stake yes yes i think i know what this is all about again going back to the one nine hundred sixty s. if remember the garbage friend in south there's an enormous be about to land oh my

god. it could have been one of those drones i'm the parent yeah exactly that's again this neat good thing that they don't know why though because you see the problem is now that people are so. but up on the side there that are going to be replaced by robots that they want to prove that they're human we talked about this on the last show reminds me going back to one thousand sixty's where the protest i am a man the garbage man down in the field what state alabama maybe they came out i am a man as part of the civil rights movement now people are just getting but make it and they're saying i'm not a robot i'm a human being look at my look at my naked flesh this is a protest of the humanity against robots and the daily the day looks they fear the day looks well i mean we noticed this in the u.k. and you brought this up i think it was two and fact russell brand that we see this across the u.k. often is people always have to protest naked that's you willing to lay there on the way to the suicide clinic and that's the british experience get make it right or

buy a school go to the suicide clinic any to talk about suicide on a stage to be able to actually bring it again so beautiful i'm going to go get some donuts now max that's beautiful don't go away stay right there much more coming your way. to. your t.v. this is our moral and a propaganda tool that is the street sponsored brochure today program just words like sabean all right i don't think you can like this guy is just ridiculous non answer to my question. johnny's not be supported c.c. and sometimes their lives over to bring people stories none the propaganda channels don't want you to see and we told the.

street. did you know the price is the only industry specifically mentioned in the constitution and. that's because a free and open process is critical to our democracy albus. in fact the single biggest threat facing our nation today is the corporate takeover of our government and our crafts to mco we've been hijacked lying handful of friends dash and the corporations that will profit by destroying what our founding fathers but once i'm job market and on this show we reveal the big picture of what's actually going on in the world we go beyond identifying the problem try rational debate and a real discussion critical issues facing america have fun ready to join the movement then welcome to the big picture.

to what extent do you think the american and british policies in the middle east have contributed to the creation of these indeed very terrifying terrorist groups the western governments of fully understood the policies of contributed significantly to the radicalization of young men and women around the world this is without a shadow without i will confirm with i would agree with some of the young men that we would certainly be rather glad because of western foreign policy. when we come to talk about the addiction to cigarettes we were on this done quite clearly that there is no other smoking or not smoking we believe completely in abstinence. can't quite understand why we don't have the same belief or drugs or alcohol to me the only way to productively dependency is to give up trucks

altogether. well going back to the kaiser report i'm max keiser time out of turn to trace mair a leading monetary expert on that point in gold trace welcome to the guys report thanks max great to be here first people know your name and they know they really follow you through big coin and one of the early adopters one of the people that was have really been i guess an early investor as well so you're part of this whole redefinition of monetary policy bitcoin people talk about bitcoin hedge funds are down big coin but what i want to talk to you about today trace is geopolitics and bitcoin this is a topic that has not been discussed really and it looks as though reading into

a global almost financial war and big coin could change this war in a fundamental way speak a little bit about it yes so we've got a financial crisis is moving to the economic the social the political the geo political and you know all of the nations that kind of seen this coming down the pipeline it's not like they're dumb they've got very intelligent people in their intelligence services and their strategy and their planning. but where big point has kind of changed the game is that everybody's you know analyze the situation come up with their strategy with their plans and then this new technology comes on the on the scene and it disrupts the entire chessboard littles of the game and change them right so preet before but going there was a kind of a inevitability to u.s. dollar germany u.s. dollar ruling the world status quo continuing bitcoin came along first it was laughed at i would say for the most part suddenly it's become

a big thing but it correct me if i'm wrong but isn't it true that if like a country like russia wanted to really stick it to the u.s. they could move one hundred billion dollars on to bitcoin and take it completely outside of the purview of the united states and run an enormous. advantage and then in this geopolitical of a paradigm that we see now yeah i mean throughout all of history if if everybody is fighting with bronze weapons and you develop a new technology of steel you're going to have a vast competitive advantage against your adversaries big corn at its heart is a new technology and that is a big big deal and so it really surprises me that one of these nation states hasn't decided you know what we're going to pick up this new weapon and gut the federal reserve with it or maybe or maybe the federal reserve will use it and be able to even further get a a larger lead on its geo political rivals the tax havens are really the ones who are kind of sniffing this out first iowa man netherlands singapore they're being

very friendly towards pickle and probably in response to fact ok let's all talk about fact in a second but i want to stick on this war theme you're just hearing you speak there for a moment you know it brings back these images of world war one it started out on horseback and ended up with airplanes and bombers world war two kind of picked up with the airplanes and bombers and ended up with atomic weapons so here we are world war three so first of all are we to world war and is it fair to say that it's starting off with these very crude financial weapons like sanctions but it could go and end up with whoever wins the bitcoin war because if i can lose one hundred billion or more on the bitcoin on the block chain that's an enormous financial war advantage correct yeah i totally agree you know world war one before that war was between monarchies and like professional military is and it wasn't really with the with the average citizen and then world war one and world war two you had gas and unit like the u.s. nuked a bunch of people in japan and it occupied germany as

a result still occupying germany and the whole nature of warfare changed and i think we're seeing it now also it's a really a war on the individual you know it was petero actor forty two years ago. kid got shot trying to escape the berlin wall and it made it apparent that the berlin wall was there to keep people in not to keep people out and so i was we're seeing crony capitalists we're seeing the bankers the politicians all being protected by the police you know tear gas in ferguson. you know looking at everything about us at the airports this is a do we jump in here for a second so you make a good point there so going back historically wars were professional soldiers and for initial and citizens were left out of right and the civilians were kind of left out but throughout the ensuing decades it's become the civilian populations are the ones that are being targeted more and more and the and the soldiers are mercenaries

or professional soldier what have you but they're kind of the technocrats but it's the civilian population is in a line of fire so in this new world war you're saying that it's really the entire machinery of corruption versus the individual yes and that's mainly what this war on terrorism is all about you know a very a more fas undefined in a me that at the heart of it is just an individual you know osama bin laden personified it right so you have this state machinations along with the corporate powers are ganging up essentially on the individual individual has of course down the block chain as big point to to defend themselves you mention the fact the fact is a new tax policy that the u.s. is trying to impose around the world a lot of people are not talking about it what is it why is it in your view i guess a bad thing yeah the u.s. u.s. persons they have to report all their foreign bank accounts have to report all

their foreign financial assets there are a bunch of these tax information exchange agreements that have been signed between the u.s. and a bunch of other countries so it's really eroding these financial privacy rights and it's all kind of permit. that there is a central third party that you can exert that force or control on which the block changes intermediates you know so it's very exciting like you know as the state is really pushing for this complete hedge and hedge of money over all of our daily activities in our life we get technology and tools that are immune to violence because cryptography it doesn't matter how much violence is not going to solve the math problem and so individuals can pick that up instead of having your right to an unreasonable search and seizure defined in the fourth amendment you can just define it mathematically with something like true crypt or b g p right now you're just talking about the inherent mathematical qualities of it going so let's digress a bit into this because the value of bitcoin comes from math i mean this is what i

think people don't fully embrace but there is the tal the pathology which is the underlying framework of value of the bitcoin and the block chain and so you what you're saying is that this is unimpeachable uncorruptible you cannot corrupt math where you can corrupt j.p. morgan yeah i mean when when nicholas copernicus came out with a hugo centric theory it stood on its own didn't matter if you threw galileo in house arrest it's one of the reasons that the founding fathers laid up an equity based monetary system in the us with gold and silver and not a debt based one like this federal reserve note that we have because it's much more solid financially and likewise math it doesn't matter why congress can't pass a law that says two plus two equals seven. all that or do is create a bunch of unintended effects because everybody's going to have to work around it right so the the value proposition for a big point is there and it's it's going to be with us now going

forward you cannot undo it you cannot and invent bitcoin you can't go backwards in time you brought the copernicus example or galileo once these things are discovered or once or talked about. you can't go back there they're here with us yeah when when the longbow came on the scene a different technology had altered europe because of the knights no longer had all the power besting in them big coin decentralizes the private keys of wealth to individuals away from third parties if individuals are willing to hold and secure their own private keys which is one of the reasons i funded armory the big point wallet because it's the most secure and people can run the software on any computer that they build it's open source it's free so it's like here here's the tool take your private keys away from the centralized third parties don't let them i pod. your assets know exactly what you take control of it mathematically right now you

write that the big problem today is the value and price are completely separate ownership of assets is unknown so this is part of this whole. idea that you have that price in value are now divorced they don't they don't equal the same thing anymore the price of a treasury bond and american treasury bought it what does it mean anymore if this system is run out of the federal reserve bank of the federal reserve bank is run by monetary lunatics essentially yeah alan greenspan gold is the ultimate form of payment it's the settlement currency but what have they done alan greenspan testified twice before congress that central banks stand ready to lease gold in increasing quantities should the price rise they carry gold the bald gold out on loan as the same line item cash accounts receivable we know they're not the same thing we're seeing in an environment where an assets being with the price of the assets being suppressed not supported not by users but by owners and not for the

obvious reasons of say interfere with the interest rates say interfere with the pricing mechanism of you know half of all the transactions and so we don't know what things should cost we don't know what a barrel of oil should cost or what a minstrel warship should cost or what our suit should cost or our food. you know as these food prices go up social political geo political crises the arab spring you know was a really the tunisian kid selling fruit that would himself on fire that started it or was it food prices going up and people not being able to eat historically when the price of food gets to forty percent of discretionary income there's usually some kind of revolt we saw that french revolution we saw in tunisia and so this is again this operation to try to price a value and if you are in the business of manipulating the gold prices we know now without any question as being forced down all these years you know years now it takes away the only yardstick you have to figure out what everything else an economy should be worth and if you remove all value in remove all yardsticks of value then the you end up with

a dictatorship who says what's valuable not to not valuable so america's become kind of a you know janet yellen is like a dictator in a lot of ways she's dictating the price of what money should be and you know when you're going down this road there's either repression or regeneration you brought up the french revolution you know what them eat cake you know the burned out part in the bottom of the cattle and they actually made it illegal to use gold and silver in transactions that's what precipitated the reign of terror you know dragging out all the political weeds guillotine ingham that's what happens when you push people far enough and you know we're in a hypothecation nation in the us where everything is been pledged to school after all against the law and where it was really just a way for people to consume other people. you know it's supposed to protect these individual rights that's how it gets the ideological support of the populace but it's increasingly losing that they're in an increasingly shaky ground financially

the us really has to go the road of regeneration of all whiling big going to thrive in the innovation or they're just not going to have the tools and they're not going to have the most advanced technology in the most advanced military in the world reserve currency and all. all of these things because the u.s. is a very powerful force but you know it's only powerful because of all of this pricing ability that they've got to be a calculation you know i want to actually stick around do another segment with you know to kind of pick up on this we've got about thirty seconds left here a quick comment on new york's bit license oh yeah they're just trying to stifle innovation and so they're going to lose dominance in the financial scene right ok we're going to pick up on that when we come back for another segment but anyway for this segment trace thanks for being on the show thanks max all right we'll be back with another part of this interview but for now it's back guys are saying good bye for the guys report on behalf of myself if you want to try to find us on twitter

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ukrainian troops take out the dead and wounded from where many of the colleagues are encircled in east ukraine. europeans fighting alongside anti government forces why they decided to join the conflict. britain's prime minister is set to unveil new measures to tackle islamic state jihadists amid a growing threat from britain's turning rather from fighting in the middle east. down in south wales as fears rise them in the time may be planned on the nato summit there as protesters flock to the host cities ahead of the summit held by the military alliance.