so despite all of their hoaxes they're pushing the russia gate and all these conspiracy theories that she and her minions and crazy people like louise mensch and peter dow are pushing her data is looking worse and worse even possible because she was already at the bottom and she was underneath the bottom looking up you know like she's at the bottom of the ocean i wasn't even possible how can trump be so to horrible and hillary clinton be even less popular than ever it's a real talent she's got i guess being the. failed wife of a psychopath a wall street loving commodity futures enabling nut jobs bill didn't help well usually there's a bump for a sympathy bump after somebody loses an election but she's been such a bad loser but the data is also not looking good for the rest of america first we're going to look at a story from the dreamers you know those kids the children of the dhaka so the

children who were brought here from mexico central america latin america as children who are still technically not u.s. citizens who do not have papers under a barack obama they were given some sort of. not some sort of legal protection some sort of protection that they wouldn't be sent away well look at this about the big data the feds promised to protect dream data now what i don't know i said dream a dream in your day and the children of doc oh wow what decade is no listen to this yet explain it all began for the world out there outside of america people everybody knows what doc is here but i'm going to explain it. erica and viola felt uneasy as she handed over a stack of personally identifying information to the federal government back in two thousand and twelve allowing them to photograph her and take her fingerprint as an

undocumented immigrant who came to the u.s. from mexico when she was a kid and deal had been trained to keep a low profile now here she was sharing her home address her height her weight and her phone number among other details all in order to receive protection from deportation under an obama era policy called deferred action for childhood arrivals or dhaka if she submitted her application and got accepted and viola would become a so-called dreamer and she took a leap of faith what's more as an immigrant rights activist she encouraged others to do it too so eight hundred thousand registered and now we have eight hundred thousand names of fingerprints photographs addresses all the details of these undocumented immigrants and the important thing is that obama did this by executive order so it could be immediately overturned from trump by executive order never went through the congress so these people were always vulnerable they should have never given their data over to the government like that obama promised to

protect them nothing was done on the legislative front to make this law so now it's could be done away with it was always a policy never a law this is why strict privacy laws are in in effect. particularly in places like germany ok germany after world war two they enact a very strict privacy laws because remember in another lens pre world war two the citizens were forced to give all their data to government in order to help them to protect them and then the germans marched in and they saw they open the book and they said ok this group the jewish people were it's go round them up and frank started hiding in the in the attic and the rest is history so this is what happens when you voluntarily give away personal information to. government because governments come and go and sometimes they end up being fascist dictating incinerating lunatics so again like that was done to protect allegedly and was

actually done the government of the netherlands was doing they were trying to identify the people via their religion that you had to list your religion so then there was a database of all the jews in the netherlands which is why they had one of the worst exterminations and terms of the number of people they were managed to get out of the country and into auschwitz but you know here is what obama also is trying to do some good he was concerned about all of these eight hundred thousand children who for all intents and purposes are american they've lived here their whole lives they're in school here they go to university here they work here well when the obama administration was designing daca privacy was a chief concern for immigration advocates who worried about having undocumented immigrants identify themselves to the government so u.s. c.i.s. vowed it would wall off that data protecting it from other agencies including immigration and customs enforcement that wanted to use it for deportation purposes

deportation of course and this context as you mentioned from the one nine hundred thirty s. is a horrible word but because doc was merely a policy not a law even the framers of this process knew full well that that promise to dreamers was not binding so that was in two thousand and twelve through executive action and now it's just the policy has been on policy well that's why there's the this particular dreamers. you know scandal is so important for every american is that it's what happens when governments go rogue so the american government under obama went rogue they went in they violated the constitution the bill of rights by collecting data in a way that violates privacy and violates you know most of the bill of rights and so this is it's not an immigration issue it doesn't matter how you feel about immigration or the wall if you're an american you would take side with these eight

hundred thousand or so that are being essential a put on boxcars effectively in the twenty first century and sent to in many cases death that's your america today now if you want something if one a different outcome there's got to be different political dialogue but not amongst the current crew running washington they have been completely corrupted as they the brownshirts were in italy by corporations yet corporatism that's what you have in america today. big corporations big data corporations with the government creating corporatism and they are killing people and on an industrial scale so the corporatism applies to the next story we have equifax everybody knows about the equifax hack now just to put it in terms that our audience can understand a lot of our audience are crypto currency mavens and these iest in america you have

a social security number that is like your private key but in america under this neoliberal corporate structure you must give your private key over to hot wallet after hot wallet that you don't know if they are able to secure your trusting that they can secure it you have to give it over to get any credit card or a bank loan you have to give it over to get health insurance you have to give it to people all over the place to access services throughout the economy particularly the financial services industry so equifax had one hundred forty three million social security numbers tied to name addresses and locations in america and they were hacked the headline reads massive data breach at equifax as many as one hundred forty three million social security numbers hacked now everybody knows all the details of this and they're being. the hackers went six hundred bitcoin or

something like that in order to release the data not into the wild but back to equifax now my uncle actually worked with them as a big advisor under well known corporate accountancy sort of firm and he said they were making fun of their bad security only a few years ago in his meetings with them now here they are on their own website referring to this hack in a question and answer section zero hedge covers this they were asked. does this cyber security incident impact your capital allocation priorities going forward because of course the cap their capital allocation and the shareholder returns are the most important thing not the the fact that one hundred forty three million americans have now basically had their private key released into the wild or capital allocation was their answer priorities are unchanged at this time as we have previously indicated our investment priorities in order of importance are one

internal investment two dividends three acquisition for share repurchase we do however expect to increase our capital spending in an effort to further accelerate i.t. infrastructure systems and data security i mean still and see improvement actions so there reassuring their shareholders that we're going to continue to share buybacks before we do anything to protect all these americans that we have to give over their data because there's only three of us there's equifax experian and one other the smaller ones so you're right to make an example of this as being corporatism and the wholesale industrial murder of ordinary citizens equifax certainly the murder of their credit rating now yes they've been put at risk and this will result in deaths and four hundred forty three million people but in a couple of things so there was insider trading before the people dumping shares. that's true three executives including you know the mainstream media here will say they were managers there was the chief financial officer three days after the hack

there equifax is claiming that they didn't know that there had been a hack but it came out three days after they sold three days after well that's clearly a lie i mean they're lying the so they were dumping by insiders which brings up the question did the insiders orchestrate the hack yeah i doubt that but of course they did use the information but you know i want to get back to the fact that here you have to in order to engage in this neo liberal system you have to continuously hand over all your private information because they're just trying to help you get credit they're just trying to help you buy a home start a family all this stuff just like we said with the first story with the dreamers in the dock and they're just trying to help you be part of the economy might also it's up an interesting dichotomy because there are people in society with low credit ratings who say i'm i don't care yeah but if you're trying to get a high credit rating you're at risk just a quick note you talked about bitcoin which of course is blocked chain many langham

is a south african bitcoin entrepreneur introduced civic which is an initial coined offering in a way to solve this problem putting a centrally your data on a private key yet which would replace this system the you're describing so don't don't condemn crypto and bitcoin as a result of this ransom look look at the corporatism in america and the wholesale slaughter of folks and we've got to go to a break we'll be right back after this don't go away. world war zone you on the idea that dropping bombs brings to the chicken hawks forcing you to fight the battle zone. the new socks credits tell you that celebrity gossip the tabloids by itself of the most important news today. often after telling

me you are not cool enough and wants to buy their product. these are the hawks that we along with our audience will watch. limbaugh. marshall an. islamic state claims it was behind the manchester terror attack by the old front so kill the priest every time a terrorist attack happens all these people are out there screaming to go ice is so bad someone needs to do something against them and for me was like yeah why don't. you. know all those numbers. you know. that if you. live in the chapel for. coffee. has got

a good group the u.k. consumers and let me show you. seem wrong. just don't call. me. yet to shape

our day to educate and in. the trail. when so many find themselves worlds apart. choose to look for common ground. they're bred for a single purpose. they have a superman. they start training very young. eight months of intensive school. rats. and they saved lives.

welcome back to the kaiser report time now to go to james howard kunstler of consular dot com james welcome back a pleasure to be with you max all right so james howard kunstler you say and i quote we're in a hot mess of his disaster you're right the public has been conditioned by frequent natural disasters to think that nobody has to eat the losses so that in effect lost doesn't exist elaborate well we seem to think that we have a magic fountain of money that is limitless and that it really doesn't come from anywhere it just sort of comes from magic elders or something and you know showing you know hundred eighty billion dollars it's no small feat if you go back cut twenty five years ago or so you know that was. almost the entire federal budget and you know now we're we're that's what the cost of one storm is so it's kind of

hard to imagine how we're really going to do that without taking a hit somewhere and i imagine the hit will come in the value of our currency you know that deaths are the squishy is thing in the whole picture here yeah you know it's an interesting phenomenon as the world has become more financial ised and sense the one nine hundred eighty seven crash when the federal government stepped in and started managing stock prices through they. were plunge protection team as some call it there is no market reaction anymore so these hurricanes that come along they don't cause any real market damage so people because people view the world through the markets and that's their filter to view reality they sense that there's no danger because markets are great so they have a completely warped view of the world right i think there are two things going on there max one is that the. we met in nations and interventions the federal reserve

and other authorities have destroyed the idea of prices coverage in markets you know and that was their primary function to tell you what the value of things is and that no longer happens the second thing is that you know we've abolished risk as well and so you know these these things are no longer in our lexicon or even functioning in our world risk in value they're gone well james talked about abolishing rask let me give another angle to this to get your reaction starting in the nineteen seven days and then taking shape in the one nine hundred eighty s. we had they options pricing volatility formula we had the interaction of derivatives we had the separation of risk from reward we had the ability of let's say an energy company they follow quite closely to take the extra anality of their business that is the economic ecological devastation take it off their balance sheet and wrap it up and put it into somebody else's pension account or we see that

fracking right now in the u.k. and around the world all the fracking devastation doesn't accrue to the c.e.o.'s of the companies that do the fracking it's repackaged and dumped into a pension account somewhere where it faster is a go to zero and bankrupt people so risk is there but if for the first time in history it's been able to be separated from reward traded separately and dumped into the public domain and pension accounts are thoughts yet there's another externality there and that is the inability of these fracking companies that actually earn a ricin in their operations and so you know the cost of that is being fobbed up on the public in some way that i personally don't understand you know but there's no other way to explain the reason why these companies remain in business yes and the governments are in league with big media and you know we've been in countries where regulators and big media have colluded to. prevent the public to understand how dangerously ineffective fracking is and of course this is part and parcel of the

entire energy industry going back decades where we find out that exxon discovered the problems of global warming in the seventy's but didn't disclose because there's no penalty how about this for a concept. james that there's no penalty if wells fargo is found committing larceny on an industrial scale stealing money from millions if there's no penalty if there's no deterrent if they just got a deferred prosecution of a slap on the wrist two questions one why would they stop committing mass illegal activities and two how does the government get away with imposing any penalties on any larceny or looting anywhere in the society unless there's a two tier justice system howard well this is what happens when you develop a culture that's reality optional in which anything goes and nothing matters and that's where we're at right now now we've got warned in your book the long emergence a the ecology and we're going to bring it back to the ecology here because we have

in this country a remarkable climate change denial industry fed by complete frickin idiots like rush limbaugh who has the doesn't as i used to saying great school his brains would be big enough to power an answer motorcycle to travel the inside of a cheerio that's a good insult from the third grade that applies to rush limbaugh in this context because he's an infant and he's a jerk and he's a dangerous terrorist in my view. so james what about the industry of climate denial i mean these are the one point if you going to be like hillary as bunker where it's still going to think is going to win the war right before it blows his brains out is that what america can look forward to james. yeah i think it was schopenhauer who formulated this idea that you know how ideas that are uncomfortable for people present themselves and also if they're true they present themselves and their first greeted with ridicule and then their violent leigh

opposed and then their accepted a self-evident and actually you know. what's going on now may may be the tipping point we're going to you know where between hurricane harvey and hurricane earl and we'll see how people feel when you know that event is complete but there is no tipping point look worse limbaugh says that the these events these wildfires that are aiding los angeles accent are designed to sell climate change hoax i mean rush limbaugh now is this icon bay of the eco holocaust why it should not be a law against rush limbaugh should we start with washing them out should they be taken up on nuremberg like devastated up holocaust charges this guy is a menace james well maybe you could send him up in that fleece circus you know riding his bicycle around it cheerio that would be kind of interesting. you know i think that reality has many dates of its own and it will compel us to behave in

certain ways. you know when the time comes and until that until that moment arrives you know we're just going to continue doing well what we're doing that is the old herb stein formulation that you know things go on until i can't and we're going to you know one thing about what we were talking about five minutes ago about finance and and the oil companies and banking and all that you know these questions are extremely abstruse and hard to understand normally so you know when when they become. normal it's even harder for people to understand what's going on so they're not. i started jump in james but you know while we're in the middle this interview i love your writing style much you're on a par with matt taibbi in my view in terms of your use of the language as well as the message you get out there how can people find your work what's the best way

that will continue but what's the best way people can find your work james. well i write a weekly blog actually it's twice weekly mondays and fridays at conflated dot com on this case un is t l e r dot com. my most recent book about these issues is called too much magic wishful thinking technology and the fate of the nation and that's available you know at the usual places from the atlantic monthly press and my book about the the post economic collapse future there's four there's four books in the series under the rubric world made by hand and they're also available from the same publisher in the same places that i call let me continue now doug can would look at the national income accounts and found that net public infrastructure spend in the us is just point five percent of g.d.p. versus two point six percent in the one nine hundred sixty s. and even one point six percent as recently as two thousand and seven so

infrastructure interest structure spending seems to be collapsing and that the same sustainable your thoughts you know i don't think they're we're going to do anything until stuff really starts breaking in then we may be too broke to fix our stuff and you know life is tragic this is one of the things that has is no longer taught in the universities you know that that the tragic sense of life that's been replaced in the humanities by postmodernism and post-structuralism and you know the idea of the tragic sense of life is not that everything turns out badly it's that there are consequences to the things we do and to the choices that we met and we've made a lot of bad choices in the united states in the last thirty forty years and they do have consequences and now we're beginning to feel them right when i went to college and we studied europe and stuff a play with greek drama test and tragic deaths and it was part of an education and you learn now in colleges they have snowflakes that if you were to mention anything

that isn't separated as dimmy. into the stuff like they squat down in a puddle of their own urine and start crying so there's no sense that there is in life a broad spectrum of experience it's either got to be bright shiny i phone friendly i am me fantastical. narcissism or death it seems like those are the two options james i'm very concerned about what's going on in the campuses and i think that we're on the verge of destroying the intellectual life of this culture. and. you know i'm not sure that's going but you've got to really just bought it forces that are acting like the red guard under mao tse tung in one nine hundred sixty six you know that their behavior is very similar shutting down public discussion shutting down free speech and persecuting people you know who who have something to say so we should be very concerned about that and you know the potter see this involved in it is titanic i know i mean i can't believe it it seems that any cursory look at

history when every is see the books being burnt in statues torn down that's generally the arrival of the death pots of the vandals of the barbarians american seems to be like bring them on we know longer represent anything intellectually salient anymore or simply a desk bought a nightmarish ceria gas pump running and culture of some like was i sa me being. what's the what's the solution of a thing if you had let's say james if you were given a trillion dollars tomorrow to began to reverse some of the damage where would you start i realize this is kind of a maybe a tough question but where would you where would you start if you had that opportunity in unlimited funds absolutely the first thing i would do would be to reach rebuild the conventional railroad system in america because you know i'm not sure how many years of happy motoring we have ahead of us and this is a very big continent and we're not going to have any way to get around if we don't do that and it's too late for us to be to you know it's too late for us. build high

speed rail we missed the window of opportunity and you know when there was a lot of real capital not a capital sloshing around in the world that's done now but we really need to rebuild the conventional railroad system ok i guess a lot of the events warren buffett to sell it back to america after he took it after using borrowed money anyway james howard kunstler thanks for being on the kaiser report you're welcome ok and that's going to do it for this edition of the kaiser report with me max kaiser estates ever like think our guest james howard kunstler of consular dot com john to catch us on twitter it's kaiser report hey the handle for the great american pelc amaze me and stephen baldwin new artesia coming up is she a pilgrimage that's on twitter to its next time i. read it is one of the basic instruments to drive an economy but it can also lead to

tragedy i did i took a line just i came to god and the text i came to and it was. many lives have been broken really pick since. the banks got you into trouble. big bankers come. to go on the banks but i didn't think of the men who lost money through the back don't buy creditors people see no future bad things happen you know you become ill you do to job your relationship breaks down you become a casualty is a life long. way out those actually going to bed hungry no right to be more. well known bought off. the marshall in the. islamic state claims it was behind the

manchester terror attack. by the law of fraud so kill the priest every time a terrorist attack happens all these people are out there screaming i says so bad someone needs to do something against them for me was like yeah why don't. you. know all those numbers. you know. that it was the legality of a chattel fleecing chinese hafiz whom hope you sound good has got a. group who killed innocent. prescribe medication is widespread on the us market and

a frequent cause of death at the point in my life. like everything was ashes my family was literally coming unglued i had actually planned. to commit some sight was all who was made antidepressants so commonly used we were doing what the doctors told us to do we were being responsible and what the real side effects. was literally all to what i did was done on a cocktail of legal drugs. just because something's legal doesn't mean it's thing. going to go. through.

u.k. police arrest an eighteen year old in connection with broad based. on the underground islamic state claimed it was behind the attack that left thirteen people injured. in a show of defiance against the spanish government can plan officials throw their weight behind the region's upcoming independence referendum crowns also turned out in support of catalonia secession. talks in kazakhstan on the syrian crisis sealed a crucial agreement for deescalation zones in the war torn.