to a new world where they are no longer the big global economic or military superpower and china is so is he doing a good job helping america transition to the twenty first i frame that's why down yeah yeah absolutely we have to get the jobs back we have to get the tax rates down so companies will stop leaving the united states you know china killed us was zero percent tax rate i mean i've lived here twenty years they made it all the american multinationals in zero percent tax rates for three years after that you get another four years of fifteen percent then after that you get twenty five percent so all these multinational signal k. i'll do that with low cost labor and a skilled workforce or i can stay in the u.s. and pay out forty percent of the federal government x. to the states and local you know no local so basically we have to get the economy from in terms of a manufacturing base restarted and china makes more steel in six weeks than we make all year so in order to continue the soviets learn our weight you cannot continue the military military machine for that many decades past your economies of complete

failure you know for the soviet union last about fifty years and then finally the illusion broke down you know in the eighty's and late eighty's and night or early ninety's the united states is heading in that same direction we can't make anything for ourselves we are completely dependent on loans from china and then to into print money and the buy goods from china and other countries so trump is right he sees a radio on the wall we have to get that hundred million people of work we need the united states that don't have a job we have to get them back into work or we have to get the skills up and we have to compete real economic you know under real economy basis and not to compete going on google and ford in the future and as we talked about before our most of american g.d.p. a lot of it is state you know in the in the health system seventy seventeen twenty percent of the of the g.d.p. you know because you get over charged a little cut your finger chop an onion and it's a three or four thousand dollar bill for a few stitches you let those into american g.d.p. that's all nonsense you know same with the drug prices so. we don't get the real

economy restarted we're never going to be able to maintain the military machine. shows signs of a lot of waste in abuse and just general negligence if you look at some of the recent military contracts of one trillion dollars on a fighter jet that nobody wants he's going to need the idea that america needs to put those hundred million people back to work and there needs to be a reconciliation of the trade deals etc we have to keep in mind though dan that china was coming out of a agricultural society where people were self subsistence farming in the countryside and living on a dollar a day you know remember china was in the third world people were living on two dollars a day so in sum i put my point is that if america is going to try to get back in the race air then americans are going to have to sacrifice they're going to have to

pull up their boots after the say we need to to understand that if we're going to pay down these debts and avoid being taken over by china we're going to have to start living on you know make do on three or four thousand dollars a year per family otherwise just seeded. to reality and given to their new chinese lords overlord said well you know i was like america is not going to make us it's not going to make it happen then. yeah i mean there's big changes coming i think you know the current once a dollar finally gets to great reckoning all of that importer product is going to skyrocket and praise you see a lot of inflation people be living on thirty to forty to fifty thousand a year except it will feel like three or four thousand dollars a year so that you know that's definitely in the cards but the you know if you look at the workforce culturally know america slid so far down the ladder the opiate braces the i mean the divorce rates you basically look at any social system you

know some of the biggest i.p.o. was in china that have launched this year have to do with home tutoring home education you have three year olds here that that read write better english than american three year old i mean i've seen are textbooks so it's saying they learn english here the same time they learn chinese now so i mean there's just such a cultural as you said and you're totally right mix china was starting to make the sixty's you know i mean that's how it's been an absolute complete three hundred sixty degree change now but they remember those days the guys in the fifty's here remember not having money you know not be able to do anything being you know wanted in have no basically no life and you know i we're twenty years myself it's you know the change i've seen it was hard to explain but yeah so there's a you economically can see we're who are shifting access your honor and us going to big changes coming in to try to think so again to your point. about this dollar

and the role the dollar play and it's once the dollar reflects the reality of the global economy and purchasing power for americans is crushed and as you point out it will be like living on four or five thousand dollars. a year in present dollars if gas us down. twelve dollars a gallon fifteen dollars a gallon food has doubled or tripled in price because all the support from the dollar's been removed and. let's talk about the one about one road you know policy which is becoming here. as as a as an alternative to the u.s. dollar based global economy dan talk a little bit about that well this is what america used to do isa going to build infrastructure a bridges power plant this is what china is doing in central asia they're already they've already got rail lines connecting directly from china to europe this is a bow growing the economies in their neighborhood so to speak you know all the way

from from the west you know kazakhstan uzbekistan all the way to europe you know the one built one road ends in some place like serbia you see eastern europe not china has a lot of influence you know in places like the serbian where you know they get promised to come into the e.u. they get promise all this and that but actually nothing happened and now china has come in and you know greece will build your port restart it will it will buy a port restructure serbia we're going to build a high speed rail line for you from belgrade to budapest and so this one built one road is introducing the r. and b. it's going it and it's going to be introduced chinese technology which is really quite good now high speed real high speed rail in china they have more rail line high speed rail lane than the rest of the world combined and they went from zero to that in like six years imagine the united states trying to do this so this is the type of forget even trying to catch up at this point. yeah dan you mentioned greece very interesting situation there because greece was allowed to die v.a.'s of

a the troika the e.c.b. the e.u. and the i.m.f. and we now know that john paulson the hedge fund in new york along with insiders in the greek government were hedging and playing games in the credit default swap market they made billions of dollars on grace's destruction. and the government in greece it looks like they were totally complicit in their destruction for a few pennies then we had. you know russia offered to step in and restore order you know some economic lifeline essentially to greece we know that from the records didn't go anywhere according to yanis varoufakis is talk to me about this russia offered a lifeline. and then you're saying china so what's the status because greek to do greek economy is still more a bond it's still completely toast. it what's the status of there is china offering

a lifeline to greece what's going on there dan you've opened a pandora's box tell us more well i know more on the projects you're working on in eastern europe not so much on greece i do know the port they bought in greece the out the you know the throughput on their port is up to three hundred percent it's doing very well and it's managed managed by the chinese ship in you know the port company here and they've got their people over there so they're you know they restructured and it's working well terms of eastern europe is the big play you know china has had to cuellar meetings getting everyone together from poland through serbia czech republic everybody trying to build zero infrastructure you know whether it's electric whether it's high speed rail and eventually factories moving there i mean people in serbia now if for instance give you an example make half of what a chinese worker would make. this is this is the world we live in now i mean we've totally flipped. so yeah i mean you're going to see a lot more change power projection all over the world east europe definitely

central asia and all through the philippines and southeast asia and you'll you'll see that in it's going to be through the economy you know people want business they want their livelihoods they don't need you know look at africa china builds schools hospitals the bridges and they're putting plants and he's in europe and we bring grown bases i mean so who which one where you get more benefit what are the risks for china that could be ral what's happening there obviously people talk about a housing bubble that could be a problem but are there is that a problem or not and are there any potential all you know that you say risks that could pop up and what that look like them there's always risks you know since we've been coming on your show makes probably six seven years now james g.d.p. is double you know the china bears have been talking about a collapse since two thousand and one guys like gordon john. what a book on it was really

a childish book i mean it's nonsense. china does have risks they know that they address at the local but government debt issues which they're trying to work through a lot of these one bill one road projects we're going to have to see if it turns out really you know that you're going to need as the economy has to become better to actually have those payoff so trying to put the lot on the line is a go global but they have to watch their debt but in terms of you know it overall the terms of you know their debt levels aren't so high yet you know nationally they have huge effects reserves so i would just watch the economy's been through much worse than they were you know the them before so i think there is a risk but i would say it's probably ten years away well during the nineteenth century a lot of chinese fog south america bill that's a railway system maybe it's time for america and if they're shipped off to china and help them build their railway system then college thanks so much for being on the kaiser report thanks max all right that's going to do it for this edition of the kaiser report with me max kaiser stacy i would like to thank our guest dan collins he's

a must read guy at the china money report dot com you can reach us on twitter a cause or report intellect by all. the village of collect she has been nicknamed sleepy hollow because for some unknown reason it's local residents have formed victim to sleep to make. trolls move. i think we should teach him how you. want to live with the goodness and that's it but also he's showing sort of but i'm also going with the portion they're still talking. to go forward. if the machine motifs what.

exactly granny grass from where did you do what we have i don't want to. let go of the wall thought there's. this with all the name all over the. phone with me says. my still in there did your boss tells your off the bed to me. and he will let you know first of all that i think. this footage is unique because the zoe tribal lands are normally off limits to the public erik's allowed in because he's the c.e.o. is personal don't. the. people here know him simply as don't to eric he's rich famous some always on the move sailing yacht some flying aircraft that.

concept topped. all. he's considered one of the best neurosurgeons in brazil. that's happening amazon. hours so says going out to busy doing nothing is going to do the population much because he's going to people on his own . i'm going to.

teach. you. the. european commission. amid fears of possible terror. european. security. the christmas movie. ready to join. us.