fungible transferrable trainable currency well they think what seventy million dollars well that sounds like. that's like thirty five three hundred fifty thousand gallons of liquid laundry detergent as you point out this is coming after all these banks promise not to do all these crimes again going back to the two thousand and eight period you know what index or fix hasn't been raked is live for for x. gold and silver now multiple banks have been finally era vocally area futa blake convicted or frowned to be guilty of fixing those prices and they pay a fine now if you apply the same justice to the people that were stealing the larger detergent from various shops in the ghetto you would go to them and say hey man don't steal everything from the store and they would give you like ten bucks and say here's my final ten bucks fine leave me alone don't don't bother me i got stuff to do and then they would do this crime these prison population in the cost of prison population would die would go down substantially if they apply the same sense of justice to people stealing stuff from stores as they do when they allow

banks to commit larceny and wholesale theft willy nilly without any deterrent whatsoever i think of the jails would be only half empty or a quarter empty just all you know charge people a small fine and allow them to go steal from your moms and grandmother to pay that fine like the banks to to pay the fines these banks steal in the open market from each other from the public from their families from donald trump they're serial fraudsters and that's what they used to pay their fines and the regulators say i love you so much for the way that you're abusing me because i'm a child and i don't know how to respond to the way that you breakers are to absolutely. you know it's serial repaste us but if it wasn't for fraud there would be no economy hey we got to go to second have to go away stay right there.

with the politicians to do something to. put themselves on the line to get accepted or rejected. so when you want to be president i'm sure. some want to be. the two going to be press that's what the four three in the morning can't be good for. i'm interested always in the last hour. or so. across europe municipalities are taking their water supply back from private companies to meet people this was the simple song alone even find company elsewhere though they invited private companies to take over the utilities many bought a hell of a robust allowed for mr guess who got the going to go. this is. just to quote them out of it for you and i don't believe the left still brought up locals are ready to stand up for the basic human right of access to water it's

about water but it's also over much more long it's about to hurt and the redistribution of. debt downwards the one dollar. a plate for many flips over the years so i know the game inside guides. football isn't only about what happens on the pitch for the final school it's about the passion from the fans it's the age of the super money. and spending student twenty million. books it's an experience like nothing else on here because i want to share what i think what i know about the beautiful guy a great chance. and thinks it's going to.

welcome back to the guy's report imax guys are time now to go to chicago and type with a mish shed lock of mish talk dot com miss welcome back their pleasure to be back on macs were saying some fireworks their little. one i think that's going to do to all the you know european shorts own bottle of don't know how you get smashed on his droid racks yeah that's an interesting idea there is ban a trade on the for how few years now in the head try to community in particular where they are short volatility they're short the vix and this has been highly profitable for a few years and the vix made a huge leap on the upside and i guess what you're suggesting there is you got some blood in the street now at that particular trade where it was so where do you see this market going mesh and depends where they typically what we've seen is just

a one day pullback and then renewed highs we're seeing a market down a few days in a row that dollars we're talking years down far or it's not sure where it's going to close that's that's a pretty significant move was down over three hundred points couple days ago so we're seeing the start of something year robel what these are hedge funds or during and max. their attitude is whenever volatility spikes they're just short more and more of well max if you keep doing enough that you're eventually going to get blown out of the lot and i actually think that's going to happen right there say martin gail system of betting yes that's exactly what it is yeah get it out there yeah turn it out yeah you're constantly doubling down on a betting out red at the roulette wheel with the idea that eventually you will when before you run out of money but this is what you have it or an environment where

you can borrow money from the fed at zero percent interest rates. and you can borrow virtually unlimited amount of money from the fed and zero percent interest rates the martindale strategy of betting is a winner because you never run out of money and that's why we've seen these incredible dislocations in these markets and a collapse of capitalism as we know of the let's talk about g.d.p. the atlanta fed says a q one twenty eighteen will show a pretty remarkable five point four percent growth your thoughts pretty remarkable . how about an awesomely remarkable attard oh i suppose i some perversion it didn't happen i mean you are not responsible for being able to measure this thing they are good at what we've typically saying three hundred rower or maybe even four out of pocket and when a parent comes out early and they. early in the early to start of the quarter with these remarkable forecast you know they were they were worse at the

start of the last one was again a two point six dollars five point four percent i look at every time these reports come out max that i have you know as like i'm betting on a spread over underlined at a football game in the n.f.l. and then i made my typical comment here about the atlanta fed model it was a on take the under where they are under you know if this is an all rounder bottom line and the line is five point worse than max i don't thanks well it does courts and some inflation and we've had a thirty eight year bull market and bonds going all the way back to one nine hundred eighty volcker was a federal reserve chairman reagan was in office and we've had a bull market in bonds ever since then and we have a zero wrenches traits we've talked about in some countries dollar interest rates are negative but so the question is whether a stab climbing higher is this finally the end of that bull market way say they're

mesh i don't know but i don't. thanks though the polar climbing go gross has claimed i believe this is the third time now max the end of the bond bull market well maybe he's right this time but maybe he's not certainly we're seeing an inflation scare if nothing else here maybe the real deal and maybe the real deal for a while maybe the real deal for a quarter but what happened was. the fed hikes once too much starts a recession and in the next recession is baked into the cake they're going to blame it on the fed for hiking one time too much and that's not what's going to have done it it's going to be all the excesses the fed has created in this bubble just like a credit dot com bubble in the housing bubble and now the everything bubble maxed so i agree we're going to say are we raise rates one time to manage or probably blame it on they the. new incoming fed chair by all by

this just was baked in the cake and are janet yellen. baby steps just as grain span good intel adding bubble finally blew up did the same thing under yellen so what's going to happen though here this is a question max if we get an asset bubble if stocks are falling and more importantly if commercial real estate and all prices start falling again what second to do the bank profits last second to do their gallery then we're going to become banks are going to become cap on terror we're going to be in the same situation or similar situation we were an in two thousand and seven asset prices prime no one wants to buy loans borrow money so. what's the fed going to do during the current rates that's how i see it and actually if the asset bubble gets baked into actually think we're going to see outright deflation so do they fed's move maneuvers to prevent deflation or what's going to cause it ripen right after that many times they. fed's

attempt to fight deflation actually causes deflation and de bread flour all this jumps and on twitter and says that's crazy talk but. you know that that's exactly what's going on but let's return to this martin gail betting theme which is that you can keep doubling down on a bad bet until it becomes a winning bad you mention that stocks pull back on a one day situation then hit new highs you talked about the housing bubble in two thousand and six two thousand and seven it looks like a returning to that kind of era and all of this if you were to point to one common theme or this source for all of this global asset inflation and you'd have to come back to the bank of japan you know bank of japan has been the go to currency the driving this entire bubble a nomics and the top of everything and now they've recently said mesh they're proposing to spend quote unlimited amounts buying their ten year bonds

a point one one percent so if that is that still if they're going to still doing that meshed and then the yeah this is just going to continue on for a while right there wasn't even a new announcement max last the funny thing they came out in some debt three days ago right i haven't i haven't we heard this message your report now and did we debtor i went back tonight and i looked and i found a they said the same thing in our financial times report it was our biggest i think last year when they said it probably sent reporter that so now they've drawn the line exam x. it's a zero point one one percent i thought of my blog yesterday and i said what's the message here that you that i am can't stand any one basis point rise. in bond yields are ten years as a g.d. . ten year note in japan must be really attractive at point one one percent have

all of these fund managers you know. in japan want to hold on to these things no one else in their right mind has them anywhere else in the world so. now that you know so i did a sarcastic post maxim on my blog and i said i didn't write as japan you know strategy you know just buy all of these at this floor was reduced to a max go out there and just buy every pot why not they you know of course some foreign managers might not want to give up those attractive yield one point one point one one percent yielding bonds on ten years or so as though the way they can get them to release their max is if they tax and they want to hold bonds that one percent wow these guys are losing a percent a year on these banks were going to blow the banks in the math and math bank of japan can buy them all up everyone a home now looking to beauty of this max we can finally douse m.m.t.

the monetary theory that government spending doesn't matter and we all are to ourselves after they buy them all up they can cancel all of the debt low and boy let's do it max what do you say let's test m m m m t now what do you sell the fans at the highest at the g.d.p. they got the highest at two. versus you know their central bank oh ok canceling it now yeah well yeah and so all the growers are going to buy of all these bonds bonds cancel the debt marry start with a clean slate let's do it let's go for it and i propose one more step was around why don't they just buy up all the debt of corporations to give in as are buying all these stocks will he know it as is. the swiss national bank yes by all max this is what mt says we can do i'm ready for

a test well i made ok. to follow up on that the reason why the that the problem there is that these deaths have been re hypothecated and pledged against other assets in banks all over the world so cancelling japan's debt would in effect put the global economy into a freefall and it would immediately come to a grinding halt because of the fraud that happens on a such a now you know that max and i'm know that a remark think that well this isn't about the m.m.t. thing or say oh yes isn't. this let's mills a class give them let's give them their yeah i want to before we have a leave now let's talk about something that's i think the most ridiculous play off the charts nonsense i've seen in quite some time and you know i know you tweet a lot about because i talk a lot about because i you know you see big point as being a fantastic all and not worthy of comment but compared to this story mesh it makes

big clay look like a triple a gilded bun ok in your own state of illinois they have a plan to fill the pension black call by selling a hundred seven billion bonds and then using the proceeds to buy stocks that are now all time highs i mean miss what are you smoking over there illinois i don't know max we talked about this a little better a few days ago up there. it is kind of amusing when i proposed i don't know what their idea there was going to flow on hundred seven billion in barns and they're going to use it to buy stocks now my guess is the interest rate would be seven percent probably greater i think the barn market's partially right now but let's assume they could borrow these things at six percent they would need to have a sex percent returns just to bring you my proposal was some of the bank of japan was most to buy those bonds and do something different you know you don't throw

billion dollars a month on next. that's not going to sign we're going to rock i got never made a fortune next month they're already going to docs i know that's not what they want to do i want to buy this money and do the same wall behind me where i don't know why it is pensions are about forty percent foreigners are actually it's worse now i believe that's what they're trying it's. the next downturn is going to kill. again by men we gotta say goodbye we're going to pick us up and right that's we always run out of iowa because you know you've got a wealth of information but we just are out of time thanks for being on my pleasure max all right well that's going to do it for this edition of the cars are it for us i mean ask as i say sarah but i just i guess mish shad luck if you want to find us on twitter go to kaiser report on twitter yeah until next time.

despite its turbulent history. has dominated international sport however this was about the use of those champions from. you know. that you were. both new born will be there with the board maybe if you're going to do with your brother this is going to lose one or if you you'll. just be reserved for you if you were building the first sort of you to limp a team of one hundred fifty two with some good seeds of concentration camp prisoners and frontline soldiers for sure but even though it's good to be here with corruption because you are much do you have the issue of who because you're working for you and for the ones who've been through i'm going to get out across with you

if you think that we're going to go with. the very. first infusion new do when you're at the working group in your work you were your career remember. we're. running out of the close to the best out of the dogs with. the concepts i was preparing to perform i had to actually prepare myself to die i. don't know said he'd want to know sorry trust me i was keen. as mustard. and homo stuff time didn't happen i am i was. squinting he was. and he had the

goods sewed on. so. what i want to show you was that he could with us the. yes get deep machine so i told him that you can issue a couple so kind of toilet b.s. get. was was. was

. turkey's president ses one of the country's military helicopters has been downed at mysterious northern border where on korea's carrying out a military campaign against kurdish militias it calls terrorists. meanwhile in southern syria israel strikes twelve targets after damascus downs an i.d.f. fighter jets calling it a response to israeli aggression. the south korean president said he's ready to accept an invitation from kim jong un to visit north korea in the latest sign of boring relations between the two countries. hundreds of anti fascist activists are demonstrating in its highly and city after

a racially motivated shooting there as the far right is increasingly gaining popularity ahead of next month's general election we speak to the right wing leader nor to party. in the next election the people will use it. and this is the only we. are warm welcome you're watching r.t. international with me. a circus military helicopter has crashed near syria's northern border where turkey is carrying out an operation against kurdish militias considered terrorists by ankara at least two people were killed in the incident the turkish president vowed the perpetrators will pay the consequences of. our

helicopter has just been downed of course all this will happen we are at war. they'll be casualties on both sides yes they we destroyed their missile depos surely will make them pay a heavy price but we do know is that the helicopter came down according to the kurdish fighters near the village in syria's afrin district and north of the country according to the turkish side according to the president that helicopter was shot down in her type province that's a southern province in turkey which borders after and to the west of that region now we know that two turkish soldiers were killed in that incident we don't yet know the type of helicopter but according to the prime minister when alejandra the cause of the crash is unclear we don't know if it was a technical malfunction weather conditions or actually brought down so still unclear as of yet what we do know is that this incident certainly won't help the current situation in the region we also know that it's the third aircraft to come

down in the region in the last week or ten days the first one was the russian su twenty five shot down over by rebels the other one the israeli f. sixteen by syrian anti-aircraft fire and now this helicopter as well proving that groups in the area do have the weaponry to hit targets and bring them down at a distance and so lots of people are wondering why turkey was on syrian territory in the first place well exactly the general staff nineteen targets in the region that included shelters i mean mission gun positions belonging to terrorists some of the turkish government often used to describe kurdish militias in the area now it's been three weeks since operation all of branch was launched on january the twentieth the turkish military operation to clear the border region of terrorists as they're described by or they want to bring the syrian land back to syrian people who were recently stated that what's our friend is liberating the turkish army will go further take a listen you know you know we're going to continue the all of branch operation

until we achieve our goals and then as promised we will clear man beach of terrorists after that we will continue our struggle up to the iraqi border until no terrorists are left. the turkish forces are a long way from reaching it lube or any areas true deep inside syrian territory but what this does mean is that turkish forces in the long run could get bogged down in a quagmire against armed groups which ironically have been supplied by the united states so what's the threat that we could see things escalate further there's definitely a risk of escalation u.s. forces are present in northern syria in kurdish territory where they've been involved in those train assist the quick missions helping kurdish fighters against islamic state no one has said mind bridge is a city that could be next where this could bring the turkish forces into direct conflict with those of the united states take a listen to how much this worries the americans we would call on certainly on the turks to not take any actions of that sort don't want them to engage in violence

but we want them to keep focused on isis now turkey and the united states of course our nato allies they have been for decades but in this particular conflict they support sides which are diametrically opposed and certainly when the fight against isis may well be over that conflict those tensions in northern syria are unfortunately only at the very beginning of what could be a long and difficult drawn out process. we asked middle east experts and contrary to with our monitoring early risk about whether the tragic incident could be used by ankara for further escalation in syria. i think that the turks the turkish president of russia already in terms to escalate so i don't think that this particular incident will be used as a kind of justification as we heard in his remarks you know he intends to go on to member and then go on elsewhere reaching up to the iraqi border but i think he will face some very very huge monumental challenges because even in our three in.

turks are encountering such difficulty. will be a different story that could threaten a potential showdown with the u.s. i don't think turkey is ready for that so i think that the turks are in a somewhat difficult position but. has climbed the ladder of escalation and i think the problem he faces is who can bring him down allow him to withdraw the same time saving face it's quite a big predicament i think which he faces. i think seems to be heating up in the skies over the region syrian air defenses have responded to new israeli raids near the capital damascus the israeli military confirmed its attacks twelve targets in syria including both syrian and iranian facilities israel says the raid was in retaliation for its fighter jet been downed by the syrian military

jet crashed in northern israel with the pilots managing to eject however damascus says that its air defenses hit the plane in response to a previous attack by israeli forces and the perspectives in syria and israel in the situation differ in certain respects but mourning the tsunami. and confirming. of the fences intercepted israeli fighter jets. and their strike on location in central part of the concrete. and use that. see the state news agency said that israel carried out subsequent strikes on locations west and south of the syrian capital damascus also said that the fences from the tsunami have been intercepting piece attacks we all we can also confirm that the sites that were conquered to an earlier attack that took place on don't today is the key for everybody in central

syria in the deserts of central syria near palmira my milk resources are saying that there has been no casualties only three want to talk to us in. the cracks but there is no social confirmation so far who has been hit before by israeli airstrikes. earlier this year and back then israel said that it was a believed to be and a gathering of iranian advisors and the command building of the syrian army's first armored division well it's a play in three acts that all started with any iranian drone a remotely piloted vehicle which entered israel proper we don't know yet where they are for surveillance or attack and it was shot down by an israeli armed apache helicopter now following that particular incident the israeli air force has retaliated against the launcher of this particular

drone. hitting the. command and control of vehicle and perhaps the launcher itself and during this attack one of the israeli f. sixteen s was idea of heat by syrian ground defenses or the pilots got the impression that they are about to be hit and bailed out israel has again retaliated hitting the eight twelve targets several of. being iranian and several syrian issues do you most serious incident. between israel and syria and definitely between israel and iran in many years perhaps in ten or fifteen years we have not seen like a free meanwhile lebanon has complained to the un accusing israel of violating its

sovereignty to tel aviv use the country's aspace to carry out the attack on syria max blumenthal often senior editor at the real news dot com that the escalation with lebanon didn't do any good last time and this time it could be even less. it's a dramatic incident for a number of reasons first of all this is the first israeli plane that syria has down since one thousand nine hundred eighty two second of all israel is unable to ask a late for a number of reasons benjamin netanyahu is in the opposition when the israeli government attacked southern lebanon and lost to hezbollah in two thousand and six and he fears another escalation in which hezbollah is substantially stronger after the experience it's gained on the syrian battlefield and the syrian army has gained advanced russian air defenses the s two hundred for example which appears to have downed this f. sixteen so israel is in a tight bind here and they have blamed this entire incident on iran and.