you. guys are this is the kaiser report it's time once again for the show that rocks all my gosh you're rocking the boat. place you donald trump is certainly rocking the boat internationally he's upset ing the new world order. he's creating his own world order of chaos and of course this is a negotiating technique many people believe in the business world is you act so deranged increasingly that your opponents the other side of the trade table think this guy we don't know what he's going to do so we're going to talk a little bit in this episode about these things threats of trade war and things like this and renegotiating nafta of course donald trump was elected primarily by people who were looking for him to cause this sort of international trade war that

wanted him to pull out of nafta that wanted him to pull out of trance percipient partnership and t.t. ip the trans atlantic trade and investment partnership so all these deals he pulled out of and a lot of people on twitter are mostly neo liberal sorts and take and hate don't trump so i'm going to look at these two tweets from this guy luke grown men who is responding to people on twitter saying oh my god basically donald trump has bankrupted the us where we're doomed and i would like to take it one step further the u.s. has defaulted roughly every forty years for the past eighty years one nine hundred thirty three and one nine hundred seventy one and in each of the prior to cases the default was done in by nary fashion by a surprise unilateral decision of the u.s. president of course responding to donald trump unilaterally basically with a surprise decision announcing a trade war with these steel tariffs right well nine hundred seventy one the u.s. closed the gold window that was a default yes a major default under nixon set up temporary. of course it became permanent and

correct so applying the same standards as you would any other president terms doing exactly what every other president has done you know the thing about chump is that he made a tremendous mark a success in a one trillion dollar economy called manhattan and which is bigger than most countries in the world and so to be able to kind of rock and roll through the global economy like this is what a lot of people would argue is needed to rough it up to bring back some some agency for america you and i on price report i've been talking to down collins who is an american who lives in shanghai and he has the train of money report dot com and he told us on price very poor over a year ago that there's been a trade war going on for the last decade or two and but the u.s. doesn't seem to know that they're in it that you that china has been exercising a trade war against america and america is losing that trade war so perhaps who

knows who you may not be in a trade war since seven hundred seventy six i mean the world economy is a trade war i mean that's the way trade is it's it's trade of what sometimes gets extremely hostile if you will and actually leads to war so you know a lot of times people make that argument but any time you have people exchanging goes from one country to another and currencies that are predominately the u.s. dollar the u.s. dollar being world reserve currency is an act of trade war in a lot of ways now you mention one nine hundred seventy one when the u.s. went off the gold standard that was the international gold standard in one thousand thirty three they first went bankrupt according to luke roman when they basically made it illegal for citizens of the united states to own gold and confiscated their gold and that kept them on the gold standard the international trade standard up until one nine hundred seventy one now since then we've been on the u.s. dollar standard so this is another headline relating to the u.s.

dollar and trump. between tax reform aka capital controls with u.s. characteristics tariffs and sanctions the u.s. appears to be accelerating the weaponization of the u.s. dollar the u.s. will likely soon find this to be an even bigger mistake and sending large amounts of u.s. jobs factories and ip to china he was responding to a tweet about a steve who says thompson is supportive of treasury work on russia sanctions says to expect sanctions in next several weeks on february twenty seventh he had said to expect within thirty days the notion of sanctions. of course you know another guest of our stream records has talked about this as u.s. dollar weaponization of the u.s. dollar right now is the u.s. dollar not already weaponized ok because the u.s. dollar is backed by nothing and less you want to include the pentagon and when countries try to get out of the u.s. dollars or one reserve currency they turn to me a militaristically and so far it's been weaponized all along and so how is this

different really i mean it's always been about the u.s. dollar debt being imposed on a world in exchange for cheap goods speaking of these trade deals remember i mentioned t t i p t p p the two big trade deals that hillary had wanted she was championing them as secretary of state obama was negotiating those over the years and they were so close to signing but it didn't get to the point where they could sign it before obama left office and of course people in wisconsin in pennsylvania in ohio places like this they did not want those trade deals because they already saw that the trade deals like nafta well there's no real trade deal with china it's just free trade with china china has their own sort of subsidies and tariffs on their own goods and stuff like that they've their protectionist but they've already seen the midwest saw the loss of all these jobs so one thing about why europeans

did not want for example t.t. ip which isn't trans person the transatlantic trade and investment partnership is they didn't want american chicken for example because american chicken has also some bleach on it which european chicken does not by law they're not even allowed to have chicken but nobody wants the consumer themselves don't want it so here in america. we see a similar thing consumers are demanding cage free cruelty free eggs for example and you see this in any supermarket in america even. the biggest name supermarkets there's a huge section on cruelty free eggs well the corporations don't like that big ag does not like this consumers are revolting against animal cruelty so the poultry industry is lobbying for laws to force stores to sell their eggs so as consumers are rebelling in iowa which is the largest seller of eggs and producer of eggs in

america the big ag is forcing the state to pass laws demanding that grocery stores have to store this if they accept any food stamps or. any assistance any poor people go in there and buy eggs they they need to store cruelty eggs right the key being there the abt card the food empty abt card the food stamp program government subsidization has removed freedom of choice from the consumer in a way that is perpetuating a model of cruelty in the agricultural sector by choice by chance in other words how did these people become impoverished to begin with if it were not for the oleg opposition of these corporations to push out the entrepreneurial ism in america in favor of a clump takhar see core parker see and crony capitalism resulting now in consumers

being forced to eat and consume a that or the byproduct or product direct product of chickens that are being tortured to death well i guess that's not a great market for capitalism no and here are these companies said it was consumer demand and this is why they needed to torture these chickens and these chickens are kept in cages whereby they can't even move they can't move at all they can't turn they can't do anything they're just forced into these cages in california california was the first the pap passed a proposition to a year or two ago whereby no cruelty. eggs are allowed in their grocery stores at all so this is iowa by trying to preempt that from even happening in iowa and they're trying to also get federal law to force california to force their consumers to take these products but this is a lot of what these international trade deals that the u.s. . operates under it's always on behalf of the corporations they benefit from it and

it appears based on observation of places like wisconsin or michigan or pennsylvania that many workers did not benefit certainly in the united states perhaps in china but certainly not in the united states from the trade deals it's these people like these big agriculture who have benefited from the trade deals and it seems to be on behalf of those who remember these are the the trade deals even t p p where they were going to force japan to have to take american beef which japanese consumers did not want to eat american beef because of things like mad cow in the way it's raised here compared to how it's raised in japan where you get spent fed beer. you know when you think about it because this is the result of the ultra aggressive marketing that makes things like tortured chickens. hip and fashionable according to big agriculture i remember when they used to run a campaign celebrating the egg that everything was exactly you know if

and the incredible edible egg they were in for a while many decades ago but these are now they should have the same one the incredible edible ie torture chicken egg you know but people should have the choice obviously they don't want it but they don't have the choice in an economy that's dominated by prison well they did have a choice max they did have the choice and that is the problem here that has presented itself to these big agricultural oleg awfully is that the consumer when given the choice chose to have the cruelty for. the eggs but they did not want the cruelty free eggs. they did not want to change their business model they they were like bad consumer we must punish them by forcing them by law get the law to force them to take our eggs whereby we stuff all these chickens into cages they're not don't allow them the option even have. strengthened their being private choice

and you mention all the gospel is a show i have this headline here regarding that and the food supply the oleg opposition to food supply hits a snag german drug an average chemicals giant bear a suffered a setback in its efforts to acquire the world's biggest seed company monsanto bear had reckoned on winning regulatory approval for its sixty three point five billion dollars takeover at the beginning of this year but this week the company cautioned that it could take longer than expected to receive final clearance from e.u. regulators the mega merger would have made it the the world's largest supplier of seeds and farm chemicals we've seen this trend the obama administration had already approved this merger. i think brazil also approved it so they were just waiting for the e.u. to approve this huge merger i think it would have been reduce it to basically four . it's always three or four but usually for the big four banks the big four accounting firms the big four food firms like we're on their company you know we're

all in their company store that's the only option one of these four corporations you've got to buy all your food from getting your banking services from get your accounts and services from these are the this is always how the example is a shoe works right rather than apparently is off no they they thought they would get red like the stamp of approval yes go ahead obviously this is the wave of the future we only need four corporations running the entire global economy the global food distribution and they expected that the e.u. regulators are saying wait wait wait wait wait hold on do we. he really wants four companies controlling eighty five percent of the global food supply and seed supply so we need to think about this and now they have to wait so it could it could be approved the way things always work sure it will be approved but right now it's not being rubber stamped as easily as they thought it would be then big case to be made for it should not be approved but anyway we're going to take

a break and when we come back very exciting interview coming away so don't go away . hey everybody i'm stephen. collingwood suspects. that

american first interests george bush and our view to say this is my buddy max bemis financial guru well he's a little bit different. because. you know with the with all the drama happening in our country and. everyday americans. and we start to bridge that gap this is the great american. welcome back to the kaiser a part imax kaiser's i'm not to go to new york city and speak with author a professor dr michael lotzen who in a previous life was a balance of payments economist for chase manhattan bank will get into why that's

important in a second there dr michael hudson welcome back to the kaiser report good to be here again met donald trump still tariffs are they warranted are they a good idea or what's going on dr michael hutchence i think what they are is and shake them they don't seem to make sense economically and i'll explain that later but i've been spending two days trying to figure out since the logic is a travesty of protectionism is going to squeeze american producers so use of steel and aluminum so there must be something else and i think that's something else is he's trying to really go trump is trying to renegotiate that there ups with canada mexico and these are the countries that are the most highly in steel and aluminum exports the united states so i think what trump is saying and he's already said well i will exempt them from these tariffs and i'll prevent i'll save them from having unemployment and there's still an aluminum industries if they

give a couple of concessions and rewrite and i think his plan the reason that nafta is they go to mexico and say ok we'll exempt you from the fair but you have to build it well and you have to give us other games as well and obviously the president is not going to pay money to build that wall because his concern is with his own mexican voters not with american voters and that's for canada they've lost out on every kind of agreement they've made since the auto agreement for the night. with the united states and i think. trump is saying that canada well look. we're going to have unemployment and you're still in this three and especially al can't canada's aluminum. company is unless you make a give back to us an auto part trade an agricultural trade and certain other trade things and of course canada i think has reached the point at which they sort of had

enough of this pushing in and they can politically do it and still hold on to power so i think it's a no go there and then just has a compass come out and said well you know today's the day that the transpacific partnership is going to be. settled abroad by many of the asian countries and under this new deal with the united states being a member that will exclude american agricultural and other exports maybe giving it'll give preference so us are greatly to other countries so i think trump has already said well i prefer bilateral agreements because five land o'lakes we can divide and conquer and smash them up and so he will then tell a asian nations unless you make a special deal for american agriculture we're going that what special care or someone you know and it's is a whole thing is going to be a we can screw your economy if you don't go well that's what we're proposing for

you and. let's suppose that of a country say well i'm sorry we can't afford to do this we're not going to when you when you come up front and you say i'm going to win and you're going to lose all our voters are going to read that in this paper and they're not going to let us do that so here's one for to happen i think trump well and they'd say ok we'll try to bolt all of them he'll raise the tariffs on steel and aluminum in the last month steel prices were going up thirty three percent and aluminum prices forty percent according to the financial times graphs and this is are already squeezed companies that use aluminum and like k.b. makers or. for beer and people that make things out of it that now they're going to be squeezed higher raw materials prices but there are no tariffs on the finished manufacturers coming in from asia or europe so this is going to be

the reverse of what protectionism the supposed to date there's a long legacy of good protectionist arguments and a strategy if you import iran materials cheaply and you try to get monopoly goods and high value added exports but what approach is doing is the reverse of the way that anyone in america and germany and france all got rich on protectionism is raising the price of raw materials and squeezing the higher manufacturers so the effect of his policy is going to be the industrialisation and unemployment rather than and nobody is going to build a new steel mill or a new aluminum mill because they don't believe that these are terrorists being so self destructive of manufacturing have much chance of lasting very long so they

protectionist logic that raising their own. the unable the manufacturers you know the money so they can afford to invest more back i mean we're people that's not going to work there's no logic to it economically let's talk about stale i mean if i were talking my trade and trade policies is a lot of moving parts and it's difficult to wade through all of the economics and the incentives going across the globe and different countries but let's just talk about steel for a second so he's obviously trying to create more high paying jobs and the steel and astray by putting on these tariffs in such a way as to level the playing field and the stale and astray the recently laid off steel workers. you know can go back to work so it's not necessarily about building a new steel factory but putting guys back on the floor now you've got some higher

paid jobs and politically this sounds like a winner it's he said he was going to increase jobs and bring back steel so in the short term at least the same is like there's a lot of political logic to it as you point out though dr hudson so if american workers are now suddenly getting some higher priced jobs in the stale business that would infer that some high priced workers in other countries are going to get squeezed right so but in the short term for political expediency this as far as cosmetics go to looks like it could be a winner right it looks like you know if you take. into account only the what's happening with america few jobs being created here and the question is how many jobs will be lost the manufacturers association the commerce number

that already says they're going to be many more manufacturing job. last than steel jobs are created and for every job that gained here as you just pointed out somebody is going to lose a job in canada and mexico and what do you think their response is going to be their response is going to be to retaliate and no no they get not only through their manufacturers who. can buy the steel that was exported to the us to make steel goods there are many factors going to make these feel good and export them to the united states as a having cheaper raw materials than the american manufacturers themselves so they can do that and then canada and mexico and other countries get to retaliate and cherry well what kind of american type notice you export it we want to exclude. and retaliate they help us well you know they have been here. and they making real cars and airplanes and you can certainly put limits on boeing mexico and limited

american here and build up its own beer industry. this is not a trade war that america can win as easily as that from things that the i remember under obama and previous administrations there was always a line about well we made a deal with got out of the dale and sames like donald trump doesn't have that kind of same ethos when i comes to deal making is like us knows no deal is a deal i can't wrap up this how does this play and the things i mean i want to and you can say it's dishonorable but on the other hand you could say that radical approaches made it he was voted as a changemaker and as a rogue element american politics he's got it rip up these deals and start fresh but how does that play globally dr hudson well remember the title of. their terms are breaking the deal that's how he made all of his money he sniffed the suppliers

when it. same time to say well i really don't like that well where they all go you know eighty percent of what you want maybe fifty percent of what you want if you don't like it spend five years suing me and it's really cheaper for you to take a twenty percent or thirty percent cost he's the banks he said i'm sorry there's no money to i'll have to go bankrupt bankrupt in the way if you're out unless you renegotiate the deal same thing for labor unions well you know i promise to pay zero but you know i really don't like the work and my going to pay well that from joe he made those fortune by breaking the deal and in business and you know the criminal parts of society that works it doesn't work in international diplomacy so much because no foreign countries will say wait a minute if we sign a deal with the united states like iran signed that deal with all the other countries. and then the united states and say well we're going to break the deal we

broke the deal international trade deals the ninety six things we brought them in the one nine hundred seventy s. in the one nine hundred eighty s. that's what we do. honoring the deal is for you we can break it anytime we want anytime we think we can cause you so many problems you can go to court you can wait to get paid you can wait to retaliate. we can stall and just act quicker and. you know this is going to make other countries believe that i think the russian term is not agreements where is it not agreement credible they won't believe that america can be part of trade agreements that military agreements or disarmament agreements the whole idea of. holding to international agreements is thrown out the window typical a whatever any policy changes yet have wall street rushing in to capitalize on it in some way using their over leveraged models and access to finance and their

control of the central bank. and donald trump a stance of play is doing something to help american workers and will he be able to get this passed wall street in other words the moral will the companies that are affected by this somehow engineer a way to maybe take this and engage in stock buybacks and other financial tricks that they're used to in other words can donald trump put a policy in to help workers and in a way that shuts wall street out of their vulturous kind of predatory techniques well it was always been able to go to congress because congress is in charge of trade deals not the executive branch but what trump is known as a very clever way of walking wall street. and locking congress out this is the tariffs are not part of the trade agreement technically their national security our

national security is being threatened by. by having you know ok listen if you say he's figured out a way to lock wall street out that sounds good to me can you stay for another segment short well that's going to do it for this edition of the kaiser and for with me max kaiser and stacy herbert like to thank our guest dr michael hudson if you want to catch us on twitter as kaiser report him told next time by all. the.

i played for many clubs over the years so i know the game and so i got. the ball isn't only about what happens on the pitch or the final school it's about the passion from the fans it's the age of the super manager kill the narrowness and spend the city to twenty million fly a. book it's an experience like nothing else on here because i want to share what i think what i know about the beautiful game great so what more chance for. peace minute.

by. church secret indeed catholic priests accused of sexually abusing children can get away with it quite literally i like to call this the do graphic solution so what the bishop needs to do then he finds out that the priest is is a perpetrator is simply moves him to a different spot were the previous standards not the highest ranks of the catholic church help conceal the accused priests from the police and justice system to that of that's known as the i'm going to leave out is this out and. stop. this baby and. say this on march eighteenth vote with your remote

jews on t.v. for special coverage of the russian prison. interim elections exit polls opinions real time results monitoring and much more. coming up for good chemistry donald trump removes america's top diplomat rex tillerson saying they didn't see eye to eye with cia director mike hale therefore set to take over reckless and seat of the state department. for her role of the cia torture program taking over the agency's reign so it's all moved like a comment on my. head to moscow says it had nothing to do with the poisoning of the former. crippled in the u.k. last week. americans prepare for doomsday by purchasing survival equipment and underground bunkers continue to fear the north korean nuclear attack.