watching all these videos and taking down and you thing and of course you tube is based in a blue state liberal state progressive state democratic sort of state and those are the sort of people they hire and so the result has been accidental takedown of a lot of right wing and republican content well if i can go metta for a moment matter america was plowing along under the rubric of manifest destiny for quite some time and the problem here is that america has run out of space you know the runway is cut short there's don't place else to go like the problems that were baked into the cake of the american experience where there was it's racism they know never went away it's hard coded in the american d.n.a. violence ultraviolence it's part of the american d.n.a. these are severe deep problems in the mirror soul but they were able to be ignored because there was a huge land from sea to shining sea and in their land was

room to grow and to evolve then you could create some wacky religion like mormonism for example as you know whole cloth and based on the flying spaghetti monster scientology could come up you know it's like there is room for all those crazy stuff but there's no more room or other room in the world has gotten smaller the ecology is shrinking you know the social media ability to foster relationships is runt it's and of course censorship is becoming real all over the world so america is now eating in south america to do you know young i forget who said that maybe those girls got here and i don't know or dr dre they're definitely eating their principles like the foundation. of america even george washington or thomas jefferson who hated the media they did everything they could to make sure it was. given free reign even if they publish lies about them they mention all the

lies published by the tabloids at the time about nevertheless the lies were allowed because it was important that there were no restrictions at all i mean and the article goes on to talk about the d. monetization of a lot of people left wing l g b t q all sorts of people bandied monetized because it's not consumer friendly thinking people confuse about america it's not faith in god that's kept it going for selling its faith in freedom and there's a big difference hey we got to go to the second but first this break very important information totally ignored if you wanted.

a church secret indeed priests accused of sexually abusing children can get away with it would literally like to call this the do graphic solution. what the bishop needs to do then he finds out that the priest is a perfect truth is simply moves him to a different spot were the previous. highest ranks of the catholic church conceal the accused priests from the police and justice system do that themselves and as the i intend to include. twenty eight team coverage we've signed one of the greatest goalkeepers of all but there was one more question by the way i was going to be your coach. guys i. you on the earth is

a huge government and the huge amount of pressure you have to go to the center of the pole we're with you and the great the greatest good you are the rock at the back nobody gets past you we need you to get down there we must go. alone as i want you and i really have to join to for the two thousand and three the world cup in russia. this special one was also appreciated me to say the review beyond the team's latest edition to make it up as we go so i need to just say. welcome back to the kaiser report i'm max kaiser time now to return to wolf rector of wall street dot com the go to guy for insights into the global macro

economic picture and what's happening in san francisco and that real estate anyway wolf welcome back. thanks for having me back my ex. let's dig into more fun financial stuff so trump brought in the tax cuts and of course the democrats were arguing that everybody would hate these tax cuts but in fact a lot of people love the tax cuts and tell us what your thoughts on markets have been soaring house prices have been spiking higher wages are starting to rise and the tax cuts. corporations are certainly seeing massive gains and these gains share stime buybacks and other boom signals ripple across the economy wall. but tax cuts are good for those that receive them and so a lot of the you have a pretty broad base a lot of people receive them so lot of people happy with

a little part of them obviously some people are going to get a heck of a lot more in tax cuts and other stay. but you know there are there are problem in many other ways including. government funding requirements are going to soar. that's already happening so you have a large amount of new debt that has to be issued by the government that has to be absorbed by the market this is going to put pressure on the bond market. the corporations they have been very busy buying back their own shares that's a that's a. they put some power underneath the stock market when when we had the sell off corporations were just about the only entity that bought that's not a particularly good thing for the economy when corporations spent their money buying back their own shares so that doesn't help the economy at all. but overall i think you will see some uptick in the economic activity due to the tax cuts.

i don't think it will be long term i think the in a b this year maybe going into next year. and i think or we're back to normal here. on the other hand. there are some provisions in that tax law that make homeownership. a lot less tax beneficial and in many ways and so i think that the housing market is already feeling some pressures on them not in terms of prices but in terms of while you may have seen pending home sales in january just crater. that was the first month in which the new tax law is taking effect so home buyers are are starting to look at this i think and so it's a. it's a mixed bag and the housing market is not going to crash like a stock market can't crash it very slow moving housing markets take

a long time to change direction so this won't be visible on the national average for a long time yet maybe by the end of the year that we see the first significant declines in terms of prices it may be later yeah maybe next year they will see them so there you know these two kinds of impacts the housing market is very important to the economy if if it starts going down too far. there's going to be a konami issues we know that developers are over building with high end housing units all across the country they're not building enough affordable units and given our current prices but they're building the high end units to the now city make it i mean you have lots of apartments in city like on condos in cities like san francisco and seattle that are high and years that are. you know there's no market for them this will impact the market to go along with changes in mortgage and in the mortgage deduction more interest deduction i would think so i think the housing

market will be impacted negatively by the tax law corporate share buybacks will be impacted positively i think the bond market will eventually have a day of reckoning because of those. increasing government deficits that need to be absorbed yeah you mentioned the delay in house price reacting to changes in the interest rates are the economy remember back in one thousand nine hundred seven after the stock market crash real estate in new york city didn't fall in a big way until one hundred ninety so it's a three heirs for that catch up to reality and then we had a severe downturn and property in new york city now what's interesting is that the trump tax reform bell untaxed. it's it hit the blue states pretty hard and it opened the way for some money pouring into the red states it's it's

interesting of course trump is from the northeast and yet you would think he'd be friendlier to his friends in the northeast they got hit pretty hard and the states in the in the red states benefited a lot in a seems to be open to making policies that anger what would be his natural base i think some of the caught his comments recently referring to the gun lobby same's to go against everything the g.o.p. has been talking about for quite some time but comments if you will on the way that different regions in america are impacted by these tax cuts. well so and terms of the housing market california and the state of new york are dramatically impacted by these policies. and they're also economically the two biggest states in the union so you know if you want to hurt the economy. biggest economic entities in the country

even possibly did have that's not a very good economic policy and that's what a lot of people are saying now you know he went after. the blue states and the blue states the big ones you know the konami very very large and so this is not going to be very beneficial now i think if you're in california for example in san francisco there's a lot of running going on so the impact isn't quite as huge because you have. companies or landlords you know that own a lot of the housing stock and individuals are renting and renters are benefiting from the tax from that doubling on the standard deduction they get it they get a huge benefit out of that in san francisco or fifty percent of the housing units around all apartments so i think it's like sixty sixty some percent so these people are not negatively impacted that positively impacted and the landlords own these

homes as commercial enterprises so they're not negatively impacted either so you know it's i think you can overstate the negative impact on the overall economy in california from these policies but. you know for many people this is here you know it's actually a positive turn of events if you're in an apartment in san francisco and your standard deduction is doubling you know that's a big thing and that impacts a lot of people in very expensive housing areas not only in california but also in new york and elsewhere you know city has a very large population of renters too and the pot. they're really impacted by this so it's you know it's a give and take. talk to me a little bit about some forecasting that you say in twenty eighteen sell your wall your work at wall street dot com you look at the economy look at trends what do you say as maybe two trans that we should be watchful of here in twenty eight saying that maybe people are not really aware they should be looking at more

closely wolf. i think housing is going to. turn and we'll see the. details here and there crop up and i think the picture will become clearer by the end of the year ok so he's passing wall turn the last time we had a bank crash in housing was two thousand and eight the subprime crisis the banks bailed out the creditors and they did no reform whatsoever and they just gave a lot more money to speculative house builders so you think that that cycle now as peak and will turn down again. yeah i don't think you will look like it did last time it will look differently it always does look differently. some prime is not as big of an issue the banks are more capitalized. and this shit thinks that the fit banks a lot stronger so i think the fed will let this go you know there will there will. just as some of the risk assessment spread. fannie mae and freddie mac.

already run by the government so. this scenario looks very different and less worrisome so it will be allowed to continue i think. perhaps the market would actually be allowed to set prices and in the housing sector for want let me jump in there what you're saying there is that during the two thousand and eight crash the fire wall that protected the inner core of american finance the plutocrats if you will that control the big money was breached and those guys were actually at risk warren buffett was at risk george soros was at risk you know the big guys were actually in a risk position and therefore they coerced the government more or less to print another fifteen to sixteen trillion dollars to bail them out but you're saying now that firewall between the plutocrats their own house is strengthened so in this

housing downturn they're just going to let it rip and let the banks absorb it let the house builders absorb it let the homeowners absorb it just let this thing crash and work its way through the system your thoughts. yeah if it really crashes you know if the market completely dries up and freezes over and if it does some very serious damage very quickly i think they'll step in but if it's just a housing downturn that plays out over years and doesn't cause any sudden damage just prices meandering low or year after year you know i think i will let that go so you're a look ahead is for rates to rise we've talked about rates and that my my thought was that you know more apocalyptic but in your view they're responsible wall street dot com the guy people go to for the responsible look at things so your view is that rates are going to kind of gradually move higher and we're going to start to

say these asset prices reverse themselves and maybe and turn what you might call a secular bear market so stocks and bonds and property enter a five to ten year downturn your thoughts. yeah so that's what i'm thinking i think . and then again i admit that this may be wishful thinking because i really do not want another huge crash with credit freezing up all over the world this is a catastrophic scenario that i don't want to see a second time and i don't want to see the central bank reactions to it so my wishful thinking is that this will at work out gradually that you'll have a. step by step decline in asset prices an increase in yields that's digestible more or less for the economy even though there will be some pain and then it will drag a out to be spread out over enough years toward each year itself is not catastrophic you know or not there's not one catastrophic day in it that solves all

this but then it's spread out a little bits and pieces and across many sectors across many countries and that it will get back to some kind of semi-normal status but gradually not all in one day right so interest rates raised their sixty to seventy ere long term trend bobbing around that five percent level that at one percent level well thank so much being on the kaiser report thank you that's going to do it for this edition of the kaiser report was may mask as are in stays there but i want to thank our guests well for xor of wall street dot com so i catch us on twitter at kaiser reports and i stand by all. this baby and. say this on march eighteenth vote with your remote to zante for special coverage of the russian presidential election exit polls

opinions real time results monitoring and much more. by. well you. know melissa you know what mary and one million people die and die. killed people even vaguely you. know no one's going to worry everybody's rounded up and that's.

the legacy of the communist era has left i'm assuming a lot of of the legacy waste as well and i'm assuming again from my understanding of the soviet era that there was much more of a culture of a reuse and not throwing things away that i think the society even a moved out of that tends to reject so it's a matter of moving back to that. loads . of. things.

go. bad on an artsy group. militants lease the syrian rebel enclave. this is an aid convoy finally reaches the embattled area also to come a former police officer in north carolina is charged with just so after beating up a black man for alleged jaywalking that after footage from a body count comes to light. i played. out. how i was. over the meeting expected between donald trump and kim jong un in may have been premature all with conflicting messages coming from the white house.

hello there is seven pm here in moscow you're watching r.t. international now a group of militants has left series besieged. using a humanitarian corridor or it follows talks broke could buy moscow this video shows the militants being scored out of the area by syrian soldiers as in previous cases across syria the jihadists have surrendered in return for safe passage to other areas still held by rebels hawkins has more. the first group of thirteen armed militants and their families leaving the area through one of those russian military syrian government organized checkpoints those safety corridors offered to civilians and fighters to leave the area should they wish to do so this is similar previous moves during the syrian civil war where rebels have been evacuated from places such as homs other towns as well under the cease fire agreements and moved up to provinces thus allowing the syrian government to move in take over the area and

avoid a long protracted conflict causing more bloodshed now this is significant because prior to this all offers you know by the russian military and the syrian government were rejected by rebel groups in the region despite verified video showing of flyers being dropped over the towns around the city in the area groups have taken up that office so far and civilians allegedly have also been prevented from leaving the area through those corridors because of shelling to those roads now the other bit of news is that the syrian rebel group. has issued a statement in which they've said they have taken the decision to release members of the terrorist group al nusra formerly al qaida in syria from prisons and transport them to a destination likely to be in the north of the country one of the last major burble strongholds in syria we don't yet know if the statement from jaish al islam and

these rebels leaving the area are linked we don't know what group from either way though that does mark a significant development and could leave the door open to why the evacuation of rebel fighters and civilians from the area in the coming future dan hawkins there will investigative journalist rick sterling believes the evacuation will help save civilian lives. they have their base of operations. and clearly the the strategy have. the syrian government and their allies is to remove the terrorists from the more populated areas and get them all concentrated in it lib and in deal with that down the road it's tremendously positive to remove the terrorists from around damascus that had mortars and hell cannon missiles coming into it on a nearly basis which i witnessed myself the news about some terrorists leaving the area the news of public protest by civilians in those areas against the against the

occupying militants are positive indications well on friday un humanitarian convoy finally managed to enter eastern ghouta it had been delayed by heavy fighting as government forces battled terrorists there according to the latest u.n. estimates the fighting in eastern going to as you saw it in more than one hundred deaths in the last couple of days the united nations also called on the parties in the conflict to end the violence from the red cross says the people on the ground do require a wide range of basic supplies the need of people remain massive the needs are. two for three four etc you have medical needs you have need for access to a good source of food you need also access to to clean water you have all sorts of needs inside the water today the priority remains medical help that we need to. reach with people inside the hotel and food aid as well what happens when

a seven thousand five hundred people which the trucks on monday and today were able to provide humanitarian aid to or just a little percentage of what who of the people who need an italian aid inside well this week has also seen claims of a fresh chemical weapons attack on reportedly carried out by the syrian government something though damascus denies the issue of chemical weapons use in syria was also touched upon in a recent n.b.c. interview with vladimir putin do you believe that chemical weapons attacks in syria are fake news. of course firstly the syrian government destroyed its chemical weapons long ago. secondly we know about the militants plans to simulate chemical attacks by the syrian army. that on the. part of me. after to and thirdly all the attempts that have been made repeatedly in the recent past and

all the accusations we used to consolidate the efforts against said. when you're the guy but it look. it was asked of them and what we are aware of these goings on and they are not interesting. moments to say boring since the beginning of the year there have been at least four at least four chlorine based chemical weapons attacks in syria are secretary of state tellers and just said that russia bears the responsibility for this given your earlier promises to rein in chemical weapons attacks in syria your response. yes because restored and we can see that firstly we have nothing to do with this and secondly we demand a full investigation as for crimes return to regular police and at least bury the bodies still lying in the rubble following the must reads on residential areas. a former police officer in the us state of north carolina has been charged with

assaulting a black man accused of jaywalking the incident happened last august and was captured on the officers body thirty three year old johnny rush he was on his way home when two officers stopped him and accused him of crossing an end of the street illegally officer critic men here can later be seen punching and tasering rush you might find the following video disturbing. i've heard. oh god god. god. god well that clip that we saw there was leaked six months after the incident took place anti police brutality activist michelle gross says that the police department's refusal to act on the video until it's leak

is alarming the video was held by the police department all this time and all of this time they could have taken action against officer hickman an officer or gary and they chose not to you know supervisors look at that footage right away early so supposed to and clearly he had no fear of any kind of accountability related to that conduct this must be standard operating procedure in that particular police department and frankly it is in many police departments these videos must always be made public we have no way to monitor police conduct and to understand how our police are operating if we can't why. those videos that they themselves collect on their own activities in response the asheville police department has condemned the office's actions saying that they are contrary to the progress we have made in the last several years in improving community trust however the incident is just the latest in a series of police brutality cases that have been captured by body cams over the past three years.

good. undercover. i brought. her. she think.

we could get out of. her a little. by after i. was. asleep but. now after the surprise announcement a face to face talks between do. more trumper north korea's kim jong un mixed messages coming out of washington this meeting won't take place without concrete actions that match the promises that have been made by north korea we're ready to have the first meeting without precondition. let's just meet unless we talk about the weather if you will and it's not the first time that washington.