and being the united states federal reserve and then you had the bank of japan and the e.c.b. in the united states most of the equity markets most of the stock markets are held by the top twenty percent and most of that by the top ten percent and then even more by that top one percent and you see this is the fed's balance sheet with the s. and p. five hundred so they go up in lockstep and those closest to the money those closest to the fed those who get to go and meet fed executives and bureaucrats at two in the morning well they seem to benefit the most upstream downstream you know in the ancient world if you lived upstream you had better off didn't you because all the all the garbage and everything flows downstream and in the financial world if you live in proximity to where the money's being printed the cotillion effect is meaning that you get first use of that money and then compounds on a rate unique to you you get a compound rate of return based on first use and time is on your side your

downstream time is working against you because you end up with a savings account paying zero percent or you know wages or you're behind the inflation curve and so you negative compound rate of return and the wealth and income divide so people believe that something intangible like money could be easily distributed without much friction in the economy but of course that precludes the presence of opportunists and ron ca's and corrupt government officials that would maximize their own anger and eisenman based on proximity to the printing of this money i mean it's quite important to understand this because everybody looks around at this economy and they're all distressed about why the peasants out in the middle of america have voted for somebody like trump and why they are listening to populist messages and and we must do something about it and well let's shut down facebook let's cut shut down twit. or let's keep them from

communicating with each other and what they're really. what the really feeling and why this populist uprising is happening and perhaps it's not articulated as such but this continually in effect where they're getting all the sludgy money at the end of gone through the stream of billionaires and bankers and hedge funds and private equity and all sorts of connected guys and lobbyist and all sorts of. you know horrible people anybody want to work until quintillion because it describes us financial of and it also describes coming out parties or privileged society girls or cotillion. thing just close to it depends on how you pronounce spelling is different in a song is similar you know it's a bonus and wasps there in westchester county having cotillions getting the quintillion effect finance i guess big word starting with q. is what separates the upper and lower classes in america well actually cantillon

starts with. it's a c. one's a c. one's a q. goes together and you're in britain and you're a lawyer the queen's council the queen's constable disorder q c c the queen's concert well let's move on to the next step here in our headlines because we're juxtaposing these two headlines we're talking about the can tell you in effect we showed you the chart of the s. and p. five hundred rising exactly with the fed balance sheets and all of these guys running around new york city and washington d.c. and san francisco and los angeles who get access to this money first they they lord it over videos asked acting like they is that they are that are so genius they know how to play the market that are just so clever and they deserve this vast wealth and all the people at the bottom getting the dregs of their money after it's been polluted by all that most like drug dealing you know they get the puter coke and i'm colombian this time. you know whatever how to but so let's talk about the

bottom once people get the polluted money people have stopped paying their mobile home loans and it's a warning sign for the economy the delinquency rate a mobile home loans has increased by two hundred basis points or two percentage points over the past year according to research cited by u.b.s. a thirty day delinquency level is now above five percent the highest level since two thousand and five the increase in the number of struggling mobile home borrowers suggest that. a large chunk of these people have not benefited from the economic growth of the past few years despite the low unemployment level so remember economic growth u.b.s. the saying happened and these people have not benefited but what that chart showed was just there was just money growth that went to a few people at the top go back to the financial crisis two thousand and eight you know a lot of people lost their homes because of the mismanagement of the economy by the banks in the subprime crisis where the creditors of the banks were bailed out and the debtors were left to foot the bill that's the first time in history this is

ever happened a lot of those people ended up in mobile homes and a lot of people ended up in sub par housing which incidentally was snapped up and bought up by private equity groups on wall street financed by the super cheap could still in effect money from the federal reserve bank now here we are eight nine years later and those folks can hold on to their properties anymore because of the cotillion effect the value of money has debased been debased and they're experiencing loss of quality of life and own loss of purchasing power and now they're going to be booted out again so they lost their home twice once because of wall street mismanagement and twice because of wall street mismanagement and of course the groups like blackstone which own a lot of the private homes that they were able to have access to relationships with the fed and the treasury to get fannie mae freddie mac's sort of big deals on buying a vast amounts of property that were defaulted on and you know foreclosed homes but

in this mobile home market you have warm buffett is one of the largest if not the largest owner of mobile homes in america and you have the hurricanes the huge amount of hurricanes this past year harvey irma maria so a lot of people have lost their mobile homes and at the same time the economy has been so bad and property markets out of control in places like new york san francisco los and. just that a lot of middle class people are competing with these. working class people to buy these mobile homes which can only manufacture so many so there is a complex situation happening here look or involves instant case because he's completely hedged because of his relationship and ownership of insurance companies and insurance products producing entities he can be completely hedge against those hurricanes and hedge against all natural disasters and all financial disasters and so he's not actually taking economic risk those people who are buying these mobile homes because they've been victimized by blackstone other wall street predators

have no hedging available to them so america is basically hedging on hedge country that's the way to buy the population there's a few people that are completely hedge they keep every dollar that is generated without any risk it's a risk return of assets for them and everyone else is basically taking all the risk and they can't possibly compete well they can't compete with that you know the fact is that the fed only looks at the s. and p. five hundred or other stock indexes they only look at that and lo and behold. those indexes look exactly like them they're looking in the mirror this is like they keep printing money to keep that up they're not looking down there and they should be like oh five percent of these people are defaulting let's print the money to bail them out and said they're just bailing out these people at the top by the time and and they're hoping that more and more they're dirty polluted money trickles down to them but it doesn't and here's the polite way u.b.s.

describes the so let's hear it we interpret this data to mean that these individuals have not largely benefited from these macro dynamics and may also be disproportionately exposed to industries that have experience compression rather than expansion in the current economic conditions such as retail or some areas of energy extraction so this is financial speak and bank speak for communicating to the herd that they have successfully disenfranchise an entire generation and now they're patting themselves on the back and taking a victory lap and it's very close to previous societies we've seen the celebration of extermination of well part of the population and that's a little bit over the top but what simple one could say is u.b.s. has been in many moments of possibly being arrested or find many large amounts of money from the fed that cause the s. and p. to issue all this free money clean money to the likes of u.b.s.

that then trickles out you know why are they doing all this money u.b.s. is certainly not going to say anything to the treasury about the treasury or the fed because of course they want to make sure they get a jet get out of jail try to rationalize all the phony that they got receive for free to bail themselves out and the fact that it caused economic dislocation they're characterizing those rather obtuse long paragraphs long winded they are they are identifying a genuine situation which is the bottom are poor and the bottom cannot pay even their mobile home loans of course can they. and not say it's you the fed that bailed us out it's you the treasury and the department of justice that allowed us to get away with this they can't say that because why would they because they're just going to be like targeted the next go round the next crash as we're experiencing i want to keep. a very close a closer and closer really quickly i'll also tell you about another headline and

this is the similar case in south korea and that south korean millennial is are reeling from the bitcoin bust the country of around fifty two million comprises seventeen percent of all the theory and trading it's one of the top crypto currency markets especially from last summer until the end of the year so a lot of koreans piled in to crypto currencies at the top but the thing this stood out about this article in the last minute here is one thing they say about americans and all these unemployed americans is that we don't have the right educated population we need to bring in these immigrants and people just have the right qualifications maybe the economy would be better but this up it stood out to me about the millennial is in south korea who are have a high unemployment rate their incomes are declining they're worse than their parents' generation in this highly educated economy it could be hard for young koreans to distinguish themselves from their peers nearly seventy percent of all koreans aged twenty five to thirty four have a post secondary degree the highest of all o.e.c.d.

countries so they are already way highly educated and that's what they answer the sorts like b. c. you will say well we just need to educate all these people in kansas and missouri and and coal country and places like that and we'll just be fine but here in north and south korea seventy percent of them have a college degree or higher so. they're unemployed still goes on about education but common sense raise your mark twain it's actually about the continuing in effect both speaking of debutantes balls of all things squishy stay tuned for the site. half right after this break.

i played for many clubs 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 just kill the narrowness and spending to get the twenty million one player. it's an experience like nothing else on to it because i want to share what i think of what i know about the beautiful guy a great so will transfer. the case points. because the slowness of the mood of them so moving. and good your schoolwork local was before. much of those who heard the food you are most feared you should see him with the north we will we'll. move the bulk moved

when it. moved she didn't look beautiful the mutants the glitter it would. move muslim also his dulce a good view films for good pool for. the british also look but look at this immutable law lucas will explore it or you should go. to starbucks to. get to meet until it was a little mist they'd say look it is it's. just ashton understands this new markets they're mashed old tried to stop the president on the screen trying this project until. the three of producers proposed this were to snap them up on you up because that was the cousin with you sir your supporters to your shoe station shouldn't be you

should put dorothy one who's deal does a wonderful story. oh hi welcome back to the concert for an imax keyser have buzzing is nothing going to fade any attention well let's continue now with our conversation with valentino list welcome back ok as i mentioned it's a great privilege to have artist of your caliber on the show now and i see you on you tube and i see you attacking those pieces and you're ripping through beethoven and you're annihilating bach and i'm thinking you know the what how do you do are you conscious when you're playing or you're just like unconscious how do you do that in the same lists was saying you do you get into

a zone and you are both in the exact and hope when you think it was you and we go to different dimensions you know we will create that's composers that could eat that's where but what emerges but do you use all of your life experience it would have been emotional or would you leave subtle because it was you or yourself too poor to. be worth to pour your soul out but you have a story you know i have my new stories here but your story your personal story is now reflected in your performance to see do you feel more actuated i think is a young or freud the process of self actualization where you become yourself so to speak you achieve your highest order of your own software honest you lose fear yes and then you are able to speak your soul out. that's the most important thing because if you have in that fear or is it away from the some and then you can of kind of it was people so let's get back to this whole political thing so when you're confronted with a political. kind of backlash has to stay

fearless you must be true to your fearlessness it was put it in you know. in a lot of people told me was that a guy i knew or not so kindly used but the shut up and do your stuff and then i remember even in soviet union you know where's all the censorship you know the quote which is one of my absolute if we would have composites and human beings he was turns out it when he actually he stopped right in use and was bourque's because the ruhr saloon like that are sort of songs they would be and the lives that them can see that are to be political so here you have music in which also people who claims that they could perfectly understand what he saw in that sense that ship was knowledge that's where you said something recently which i remember took note of that. the notes are basically just you know specs on the page we have no record of how they should be playing it all written before the technology to capture these

performances so we don't really know what the composer had in mind beyond his ability to make notations you know speed it up a little slower allegro whatever it is i want to sell into the music we put ourselves in context for a moment like i am and listen this is because for example you know to put it simply if you're some song and teaser her way you think that was something creepy when when they're what is this person listens to the same piece he remembers the same nice feeling but if it was here at the funeral it's different but it would be the same piece right so we would all meet in only life experience when he's thirty eight him. colossi cole musical pieces you know why why do you listen to beethoven the bach you know was also a classical composer his work of marble busts it was there was a bit of wit in weeks but he still speaks to us for somebody and so it's because we

put ourselves into the spokes. in kuwait but you are a priest to some degree you know interpreting the words of the deities yes just as it could be terse creators and you are sick and you get to the pulpit and you tell the congregation essentially that this is what this is the word spoken and the response by the public has been you know enormous you're the most classical pianist on youtube ever by a huge margin and you also have become politically involved and in the kind of subject of political debate if you will because you happen to be born ukrainian i mean that's just happy to be your your country of origin yes and the pressure was on me as a public figure to speak out you know it's not like i started doing that. and it

was a few things the pippen i was given an interview for the style section in the live newspaper and in the would go in saloon clinton award brisas you were so on and that was that it just got only done and then news interviewer but would do is think about my don i said what they think you both may done and then the i didn't see the interview and then something when the rights to me so when it came that tell me all in the city do you think of all of us russians that we had when i said what what did i see and she sends me she lives in the only russian buddhist i'm sure since the headline says a buyer who came to our country zenith it only take some of my most and make the food because some. ukranian it was convenient so it's not point i started on twitter deliberate and basically loop that inflation's in us with the script when you and stinks a good you know like many ukrainians i was excited that they both made because they

did well lucian special in the studio why is that in all you know people unite this is one that is this feeling that some things will come out it's always the believed in the you want to be part of with and then you see things that come out do it in my you know should we can what was happening and after and then you will like many people become the way it what they saw in the media in when the media was moved to disappointment to what they saw so i started at the flea from what i should the ukrainian to my point it was only english speaking audience you know why do you come when you can the actions to russia and use them and then i was put on with you so people told me to shut up and i am good a stubborn person and they leave when the door city i thrive on the do or sit just so when i'm told to shut up i open my mouth twice as wide as the smartest thing but in the see if you are playing a lot or simpler music like rock music or something you could be marginalized

a lot easier but because you're interpreting the greatest music ever written and doing it brilliantly it's very hard to dismiss you but also have millions of fulling around the globe young kids. young kids adults you know what does the ukraine and i want to ask the question you know i mean i'm an expert on these topics obviously someone who was born in ukraine but when you heard the voice of victoria nuland the assistant secretary of state on the phone talking to folks in europe about orchestrating a coup in ukraine on behalf of nato so that they could protect the interests of monster her husband's lobbyist group and an obvious push east to repudiate the. everything that was negotiated with reagan under the cold war one that ended the cold war just a complete kick in the teeth to the peace process a kick in the teeth to anyone who seeks to have

a more peaceful future how does that make you feel threatened further or upset but at the same time you have to understand that the majority of people truly believe the west. boss you know it's always in the beginning or later you understand that these people actually some more tips in the good old muley to take over your positions in the company so we should you can come when you will lucian sort of simple what is there to do is the best you know thanks with subtle and gunther which is absolutely should be more than for ukraine because it's multi-lingual people seem to sit on from different languages that you cite interesting way to fit in with your own democracy it's an exemplary gun to before you can rain to fall instead. different more the wishes brought in when that is there is a group yes the government run. by a coupe yeah yes it's absolutely it's not democratic change people are use of all this millions of people millions of people who went on way done to prettiest unpopular government because they love to be on t.v.

for unclean was a wooden cartridge of the became state he used in the school i mean mom had been summoned. from saudi arabia as you know there are openly slaughtering yemenis children is just sort of a african hero it's a double standard double standard all or one of the police you know when coverage isn't good just in humanity as long as they are in our sight just to help me understand so when i went after made during made and then the allegedly this group of brigade is as obtaining ministerial positions in ukraine allegedly they have ties to neo nazi party. it is that a fair statement what's going on there you know again it's a question of double standards you something happens and charlotte's reals are not just going to be just going to war you know who all looked out of seven knots or

straight in so you don't say allegedly order and use them but the winston cup win in ukraine and you know i was all for i did see a swell ball of the party is that a million subs will stink but people say well you know but supporters are a little small as it gets five percent of the litigations and also you know is that militarily you look along with the same but you know if we walks as a duck this people walk. or talk like a dog in this people talk of both as a nation that you see just as a new putting in being subhuman to kill them to get that. russians it is that i do see meetings that peoples can get in people so it talks like a duck it's you know. do it yeah you know. the u.s. is fully on board yes we have discussed us and the way to ukraine course walker says to us have come to. the criticism of ukraine because when you build this.

this nation these but this like. you would google it i got very impressed again great having you on the show so to give you a little background of course you you were not a lot of performance around town after being invited there you know for political reasons basically and my understanding is that you follow that up with the concert and boss yeah i was invited to didn't bust off that i became. so you have to get in this is in the ukraine you have to go in there through soviet union behind the front line i mean if you know if you want to call the war on the soviet union. was alliance your goal for them what i should say in this was like my first string is like the jury knew in the. yeah i'm channeling victoria nuland you had to go through the soviet union you had a tunnel your way through the wreckage in the detritus of a communist collapse to get to don't boss has put out the light bread lines. and

you perform your wicked classical music yes i'm eating the bacon turkeys because i'm one ukrainian security services block least think of like kill east cork middle towards peacemaker and c.q. quite a few people from afar so i cannot go to see my family i can go to you know we've called it mainly in the ukraine because i would be honest that the immediately as you couldn't see it doesn't so i can only go when i was a slight indian boss and when they played that i played the same mcmunn in the second concerto there were fifteen thousand peoples it and you could still hear a. point and this people you know feeling got a cut off their cars or out of time but thank you so much for being on the show rarely do we have someone with your guts you got guts unlike all these other and fingers right on well if you want to catch the other side of the story about as off for a good player check out the glowing profile in the guardian newspaper over there in

the u.k. that's going to do for us here on the kaiser report like to thank our special guest list it's a and if you want to catch us on twitter it's kaiser report and so next time you all. see this is kentucky. boy you're going to agree. with most new coal mines left. jobs. all the polarizer showed that there was a lot of to see these people the survivors of disappearing before their eyes. i remember thinking when i was younger that if anything ever happened to the coal

mines here that it would become a ghost town but i never thought in a million years i would see that end is how many it's happened. shows seemed wrong. but old rules just don't call. me old yet to shape out these days comes to educate and in detroit equals betrayal. when so many find themselves worlds apart we choose to look for common ground. pranking gave americans a lot of new job opportunities i needed to come up here to make some money i could make twenty five thousand dollars as a teacher or i could make fifty thousand dollars

a year truck so i chose to drive trucks people who rushed to a small town in north dakota was an unemployment rate of zero percent like the gold rush is very very similar to a gold rush but this beautiful story ended with pollution and of a station a lot of people have left here i don't know too many people here and slowdowns for much the last jobs that laid off the american dream is changing that's not what it used to be. it's a tough reality to deal. with

. a violent standoff between police and environmentalists continues for a second day in france barricades have been burning while police have fired tear gas. scripts paul is discharged from the hospital following last month's nerve agent attack exceeding doctors' initial assessments that she never recovered. the alleged chemical attack in syria it was staged as no traces of bail substances were found at the scene that's according to russia's representative to the u.s. and. in the interviews not a single local resident confirmed the chemical attack has taken place the bodies of people killed by chemical agents have not been found.