because they did not vote for her solution on offer stronger together. the democratic party is having a meltdown you have to say they're having a moat an emotional psychological breakdown we've seen it on the media in two thousand and seventeen which is quite remarkable to me it looks a lot like fox news two thousand and nine obama was elected president they allowed this notion that he was somehow illegitimate kenyan born something very suspicious about him now we have m.s.m. b.c. led by rachel maddow and a whole media profitable industry emerging around pushing this conspiracy that trump is also illegitimate he's not american he's somehow kremlin a russian installed just like obama is not american there's nothing american about him and we've seen the same sort of results we saw in a few weeks ago we had the shooting on the capitol hill you know we have the same

sort of response is a very it's a flip response to what happened. under obama and fox now we have a higher rating i mess and b c pushing the same sort of feeble minded people to go out and do stuff it's the flipping in the political sphere yes yes yes it's a great mess out of which will rise something brand new in this century you know typically new centuries take shape ten or fifteen years into the new century member world war one of those and one thousand and fourteen thereabouts and going back a century or two you know it takes a while for the centuries to find themselves and i think that in the twenty first century now the money olds are coming of age they're ready to exercise their political power they've got new tools and got social media they've got crypto coins they've got cohesion amongst themselves they know who the enemy is they're organizing and trump is maybe the guy or maybe not but we'll note of few years the next election comes up like the solution to this issue is that we saw it with

republicans and the republican media fox back in two thousand and nine we're seeing now with the democratic media and the democratic party in twenty seventeen is that they they're unwilling to look at themselves that there's. a refusal to adopt an age of reason there's no enlightenment there want to go into a dark ages it's always irrational it's always like on the verge of a salem witch trial or mccarthy a sort of hysteria this is something that america does frequently we have bouts of hysteria but there there seems to be we're at a critical juncture americans are a country that sits on a reservoir of toxic shame brought about by the genocide of the native population and then the insula lavan of one hundred million africans and now we've got the toxic shame informing americans on a day to day basis whether they admit it or not you've got racism is still rampant

you've got treatment of the poor as being scapegoated for the crimes of the rich and it's a very. segmented fragmented polarized divisive political economy and this millennia old generation is trying to break free from it as every generation has member the sixty's you had the flower power children of that era attempted to orchestrate a new political socio economic reality for themselves and jerry rubin one of the yes b. s. became an investment banker on wall street abbie hoffman what antiaging you know the sixty jim morrison died in a bath in paris you know the whole sixty's went into the into the gutter you know and then we had the reagan the top gun era the remerge and of hollywood propaganda times square turned into the back watt of universal studios essentially and this led to the go go ninety's and then the new millennium which everyone assumed would

bring about a global consciousness awareness and rising but they gave us instead the climax of neo liberalism the destruction of the united kingdom the arab spring a lot of lives matter occupy wall street and now those youthful voices are cola saying in two more adults in kuwait you discover your sites your sanity coming on to it is a good word it works i read the new york times occasionally i want to new york university i got a high on my s.a.t.'s scores a number of all high on your s.c.t. i got high i rolled him up i put on p.c.p. in there and then i like james brown now yeah you mention this millennial generation and you also mention times square and there of course times square when you when the flower power children the baby boomers are coming to power you remember back in the seventy's it was a pretty taxi driver in film like space it was you know teenage prostitutes it was

drug the it was crazy then we turned into. back hollywood ask sort of thing now is pedestrian eyes and there is a new sort of you know localization that the millennial generation could be bringing to the solution of globalization hyper globalization and i would say that is a great idea because you have all these tribes and in the past when you have tribes and localization what happens is there's conflict because the tribes they become distinct culturally their languages are different and their customs are different and they acquire skin quasi religious manifestations and then they come into contact with and they are contentious and they believe that their way is better than another way because the language across tribes is not has not been perfected up and told these current era of cryptocurrency so you know where you have the communication and money is communication that's what money is is seamless and

frictionless amongst it could be a million tribes they're going to be ten thousand cryptocurrency as representing ten thousand or one hundred thousand tribes of humans living all over the world and they're able to go and pass through the crypt as fear frictionless lay using your thoughts now you're doing it wrong or. that or been in riyadh with trump he was birthing an initial corn offering and his brain and it all became sand coin and then they try to build the tallest building in the world out of sand coin and that's all coming it's all happening and that was my third point of twenty seventeen summer solutions was we have the meltdown of the democratic party and we have the melt up of the cryptocurrency market so definitely twenty seven thousand seems to be it's all coming into its own we first talked about it here on kai's report twenty eleven many years ago it was in its infancy it's now rising as

a solution across many sort of different sectors of the economy. and society yes all gridlock can be abolished all friction can be eliminated all contentiousness can be tokenized and done away with in this new reality and all of the promises of hyatt can terms of free market competition in the currency market will be realized and the greatest thing is that you don't need a universal basic income when you have an economy around the world that rewards imagination and monetizes free thought free thought free movement of capital and all the intermediary forces go out of business a lot of bankers lose their job a lot of politicians are job the nation state collapses as we know it and people are as free as their money because right now money is a lot freer than people money can move around the world if you if you have the right way out some of the capital can you humans labor are restricted. and that

brings into the notion that central banks of course so it's interesting that the rise of crypto currencies is going so fast as the central banks try to unwind their quantitative easing and their massive asset sheets their balance sheets of all these toxic assets are still there they haven't gone away but they're starting to emerge back into the scene like what do these look like after eight years of hibernation on the balance sheet of the central banks well we're about to find out but luckily we have a solution in place to this if this monster of the central bank balance sheets starts to emerge yes we do and the status quo will tell you that special drawing rights the currency of the international monetary fund will be able to absorb hundreds of trillions of dollars worth of toxic derivatives and they'll roll up to a new global currency the special drawing rights i don't think that's going to work

because crypto currencies are going to do worth the special drawing rights the special drawing rights market capitalization i haven't checked. recently but i believe it's under two hundred billion dollars yeah and special drawing rights are even in existence whereas the crypto currency markets blew past one hundred billion and could very easily get to see the special drawing right in market capitalization very soon and before you go to chris whalen he's on the first episode of summer solutions talking about how to make america great again with the jobs market i do want to say crucial to the way the reason why america is so not great is their health care system and i'm hoping that twenty seventeen is the when we see the solution h.c.a. the care that is not a solution to the bottle of obamacare we live in north carolina the second highest rates of obamacare in terms of how much the premiums cost they've just blue cross blue shield is the only provider there they've asked for a twenty three percent increase for twenty eighteen so ridiculous unacceptable

these are unacceptable sort of premium rises every single year for the last twenty thirty years americans have to say boston they have to say stop it the rest of the world has the solution it's out there you just have to look outside the us turn off em as i b c turn off fox news turn on r.t. turn on foreign news look at what's going on there and get your passport and travel solution to the health care situation here get some perspective. and there actually an idea first illusion so what do you think about obamacare in the last forty five seconds here max what do you think about my what i've just posed to you about obamacare i think that obamacare is oh ok and it does nothing to provide care and it doesn't burnish the legacy of obama you know it's basically a nothing burger wrapped in an enigma wrapped in high costs wrapped in something that people should not be paying because it's a tax and you can't have corporations invent a tax on america it's not it's unconstitutional so they're constitutional

violations by imposing obamacare as a unconstitutional tax created by a corporation and clearly that needs to be addressed maybe there's initial offering some sort of crypto maybe we could put it on the theory and were a bit quaint block chain and solve the problem health care in america because whatever it is there it's like as terrifying as the balance sheet of janet yellen fed. health gone that's one solution. stay tuned for the whole summer solution a series cars report oh yeah well look i mean i don't know what. colin he's still exist. rico's treated as one there's i don't know if. possibly don't know something. on the puerto rico i see little can i do i want to tell him

it could be seen that the island is controlled by the u.s. government and some puerto ricans crew even dependents will see it only kind of you know me. by now and i'm going to do it either way i mean to sort of i mean we're taking a game where you. still many do wish to join the u.s. and. leaves every day knowing. i'm a long way from india. with the country at a crossroads anger of the island is on the rise. dimension. six thirty five and you have a career and a career involves using your i phone in your computer and things like that in an

office and perhaps you sort of killings have it circular to have to stop doing all this in this kind of you lose the minutes must be for. my world became smaller and smaller and smaller until i ended up learning it in a box. or out at a very strong magnetic field on the field in my head. think of it like a real hard pressure my skin burned and that wireless access point they're just continuous on saying with our students in the schools. we are just continually baking our citizens in this microwave radiation it is certainly electro small and it's getting worse.

welcome welcome welcome to summer solutions made nice geyser and stacy herbert today we're going to talk more summer solutions with the make america great again for a man author christiane tress welcome thank you max ok so we're talking about an era in america that people longly longingly really remember the era of ford ford motor the sideline detroit the fifty's the sixty's the seventy's when the wages and peaked in america actually tackling are we ever going to come get back to those days i think it's important to remember that when henry ford started his company in one thousand no three that first decades there was a huge amount of demand it was also a big time a change i mean technical logical change was enormous but at the same time you had overcapacity and a lot of workers living in american cities what they worry about inflation that was a big problem they had prices going up dramatically so you move the clock forward to the seventy's like you said that was kind of the spring time in the modern sense

in america but that's also when the private sector started coming back after world war two because really from the thirty's until the seventy's this was a government economy you had big banks federal government big corporations that's it there was no little activity so the surge you saw in economic growth largely came back because of private sector came back and you had a lot of non-banks out there playing real estate companies builders all that. amount of activity so to get that kind of dynamism back again we have to have a couple things first off we got to go make more babies this population growth in those states with well over one percent today it's point five but a lot of population growth in the u.s. the other thing is you've had so much change and so much deflation in terms of wages everything else because of technology. but that's the biggest enemy of workers is technological change yeah i'm thinking about the labor force i think ten percent is in retail and retail getting crushed by the likes of online shop

services i'm is not a ten percent i think of a workforce isn't trucking. some high number like this and trucking are now being replaced by thomas vehicles robots you know self driving vehicles and maybe will say well it seems like that's a common you know anything they want to come and so that automation is certainly now cutting into jobs such aabs are really becoming a scarce thing that's on robots are coming on line and it's a jobs picture is really you see that deteriorating further i think it's a question of can we train our people who do something else can we make them more productive and educate them is the biggest problem today is you know look at the newspaper a lot of jobs open but they require skills right so the same is solutions of course so let's talk about possible solutions i mean what would be i have a couple of ideas one come to mind you know you're a finance guy wall street guy you've written a book for men you understand the history what are some of the solutions possibly

we could be talking about well i think try and make regulation of different industries a little more sensible not that you want to deregulate everything no but you don't want to spend your time punishing people for no reason i mean you've seen in the housing industry since the crisis we're not building any homes well why we don't let banks lend and we don't what. people went to lower income concern right regulation you know you talk about government regulation and you know the go to response for most folks about trying to stimulate the economy is that we got to have a less regulation the government in the way if you make it impossible for smaller businesses to start and grow the new not going to growth because it's really growth comes from a lot of the growth you and i see we've talked about before is you know things in the venture community make no sense. so you have huge amounts of capital would go into these companies them into feeling ok governments regulations the regulations it seems like it's like a war that goes there are let's put our other hand on here financier's and

financial architecture and financial engineering i have an idea you tell you anything about it to solve some of these problems and that is an idea where all stocks are securities of financial products that are underwritten by wall street one two or three percent of is allocated to social security so that every american has a stake in apple and amazon in berkshire hathaway and all the stocks in the seventeen to twenty trillion dollars growth in these set and the stock market plus the bond market plus the four x. market now the executives wouldn't care they would notice it earnings would be impacted by a few percent but not that their earnings are a number that are and that are misawa anyway i mean right it's inconsistent it is no one way to do earnings across all the different sectors so you end up with an american social security pool all capital so if the economy goes through if jeff bezos comes through wipes out an entire class of worker that worker has

a piece of amazon and then they would get their kids get eighteen years of age or whatever there's money for college to be educated there's money for health care so it's kind of a twist on the tobin tax a little bit where you would tax off a national transactions a little bit this is a live a more equity oriented or stockbroker friendly if you will what do you think of this idea of turning social security into a real investment scheme i think is great or how you do it will a number of ways but you could approach it right now there's no investment at all now it's just cash the treasury spends to cash them in one day the so screwed administration calls and says hey we need to cash back in to give it to a so called good ponzi scheme and that you have people dying and people being born and it feeds the in the pool of capital it made sense to deprive. and when you have lots of young workers but not so much today it's like a sovereign wealth fund ok sagal well done in these other countries norway they've got hundreds of billions of dollars and when they invest in real things ok they

invest in stuff we social security does america have a sovereign wealth fund no no we should write why not why does america have a sovereign wealth fund criswell and well because members of congress going back to the thirty's would rather have the government do it you know if the your scheme to provide social security is a basic safety net was essentially also a way of empowering government and entrenching them coming up with a private scheme would go the other way and i would support that very much well it seems that this is sorely lacking i mean wall street would like it because they've got another buyer well of course but the point is it's very large you know if you had even a small portion was undermined families in america yes ok you would buy a lot of the stock market i mean but those trillions of dollars and but again it wouldn't be where i mean like the ira account is a fabulous success over the years the individual retirement account of the four a one k. program so you're writing programs that people elect to get involved with and they

do very very well this is an unelected kind of like using behavioral economics you you're born into it you can opt out but you're born into it right where you simply sit there and accrue shares and certificates of these entities throughout your lifetime and if you lose your job because of innovation because of a jeff bezos you're still participating in america you're still a part of america it's like universal insurance essentially you would say to them look we're going to save for you you have to save x. amount and i don't think that's a bad policy i like it because it emphasizes the private sector and things that actually grow as opposed to having the government on the hook for it with no investment at all looking at the numbers here pricewaterhouse coopers as robots to take thirty eight percent of jobs by twenty thirty thirty percent in the u.k. thirty five percent in germany twenty one percent in japan largely. transport and storage based on current trends things are going to get worse you know so this is not going to go away i mean you may it may be timing might be an issue but this is

the end of the software that runs all this is cheap to protest and it gets more sophisticated and algorithms rule the world than rules wall street the legal profession is getting wiped out with the world already so when i said about that well i mean that's a whole whole traunch a whole layer of income earners in the economy every town has a bunch of lawyers they make a lot of money and make some money and they support all the local businesses that get wiped out or i don't know that robots are really necessarily going to replace all functions in the economy though max because there's a big difference between artificial intelligence and simulated cognition and this goes back to recurse wiles early for use on this i don't really think we have artificial intelligence right now machines can remember you know deep blue and watson and all the rest of it they can remember everything but can they actually cross relate disparate pieces of information almost gatekeepers in like lawyers for example if you need to get it marriage divorce estate all these types of things if

you can go to a site and just click boxes buying a house buying our chain of the chain of ownership all this type of stuff block same technology but you know why that won't happen because bubba's brother and sister worked at the courthouse and he's got to give them jobs so the one thing they don't want to do is automate obvious stuff like that that you and i would look at go but i don't think there's people are going to be able to stop this because the tide of software is encroaching and there's no pushing it back and that's that's to consultants for you when you look at the real world where people deliberately put inefficiency into the mix so they can make a living i think is an interesting battle shaping up here between the forces of efficiency on the one hand the consultants keep writing about in their reports and in the inefficient world where they actually benefit from a lack of. so we're all becoming french yes none of the friends spent all their day figuring out how to sabotage their absolutely i think the kidnap them if necessary yes to make sure that nothing changes yes exactly ok change is the enemy for enough

now we have a just a minute everyone asserted for pays his workers enough to buy the cars now is his invention who invented this idea to increase the pay of the ordinary american worker there's a bit of mythology there yeah false mythology the guy who actually wanted to raise wages was henry ford's business partner james cousins who had you know how the very modest upbringing and in the first year all the shareholders of ford got all their money back and it was a hockey stick company made tremendous amounts of money so by the toy him you know we get past one hundred ten and there's a lot of difficulty in the economy cousins was the one who advanced the idea of raising wages henry ford agreed in another board member were in the room when this happened but the point was look at detroit where you had a lot of growth you had a lot of core companies but there were still a lot of people struggling and cousins was haunted by his wealth you saw that when

he became the sun i originally blotted by their wealth and on this day and age like we hear about rockefeller's the carnegie mellon's they write it institutions of libraries or our opera houses and things in ok bill gates as a bill gates foundation presumably he's going around doing some medical miracles and whatnot yes good example is this still a part of the ethos of america as the ruling elite i think for some it is i mean look at the ford family and what they've done the detroit you know for detroit they've been very anti-gun as i'd like to try to fire know but they've been extremely generous in terms of supporting the community over the years and other philanthropic causes i think it's important you know when you do well you have to get back to it to try to turn around starring in other words or come. like china i think is i want to help me and others i mean there are some but detroit is where it is because gratian from europe the kids on the st lawrence seaway that's that's why

it's there that is yeah that's why they built cars there i mean today if they were coming from iran no more american hockey players. well what's going on there you've got to put your uniform back. i'm going to i represent canada. fair enough thanks for being on summer solutions thank you max that's going to do it for this special summer solutions' episode of the kaiser report with me max kaiser stacy i would like to thank our guests chris whalen he's the author of the fabulously interesting and must read for men. i've observed events of the past few years and asked myself several times what's going on in my native germany. really refugees. u.s. intelligence agencies indiscriminately listening in on german citizens of the

government. and once again. at least. politicians from various political parties and various independent experts and journalists in an effort to understand just how independent germany really is when it comes to decision making. whether it acts on its own national interests ok resound someone else's will. in the us a child can choose a school. with his is as teachers we don't. recruit will says to the cadet is interested in going. in the military. the pentagon is funding a program to boost interest in the military. so that.

you can. still. do but some veterans are willing to tell enthusiastic children a little more they ask me call of duty is a very popular first video. player. like call of duty to turn off call of duty. or. a darker side does the pentagon allow them to be told. just need more recruits. made this not even gold there are plenty of oil the goals of the nuclear genes new energy still says so how can you invests into the. is a very important it's needed for governments to abuse roads should do. it

ok let's little. bit. on the. by then got a session on. by then is assess the long. haul now cannot it hadn't. been done more. so. than you know so it was revealed to the multiple injuries among current enough to soak up the keeps a few books but shows reality of mercy on the phone to the book and if you can book a complete professional services say yes but i don't know. what my.

own admitted nothing of. a philosophy. somethin that was. on long enough something. and then to top it all look ma that's what economically i'm maybe i'm a bit old after. oh . oh oh. oh.

oh oh oh oh oh oh oh. oh. the iraqi government launches a probe into the alleged torture and execution of terrorist suspects after a series of disturbing videos appears online. americans see north korea as the biggest threat to national security according to a new poll we find out whether those fears are justified. the german interior minister calls for potential rioters to be tagged in the wake of mass on rest during the g. twenty summit in hamburg. and a ban on pork on kindergarten menus is stirring controversy in austria.