i don't know no well that was sure it was sway it was very diplomatic more diplomatic than some of the us to promote some a so we've been listening to you today ladies i greatly appreciate it saw him some fascinating opinions that don't have an internet commentators my guest thank you perhaps and i haven't. and of course we couldn't do without you guys always appreciate you chiming in i'll be back in exactly half an hour with the latest headlines.

oh america i was there this is the kaiser report to show the real things so we're going to continue with the theme of the markets and you know following up on that correlation equals causation with all the big banks going down to the new york fed right down here in your buyer studio here in downtown new york city and. basically doing better than all other banks because they have insider information well we're going to talk about the telling in fact this is a cool tweet i saw last week from a wall street dropout one of two i can tell you in effect newly created money is not distributed evenly simultaneously in a population that has a specific injection point of flow through the economy the first three cypriots are able to spend it before prices go up the last three sabean's get hit with this hidden tax equities or near all time highs but populist movements spring up

globally around the same time big coin is born these are not coincidences and i want to show you some charts that he provides as well and this is the rising assets of the central banks the top one 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 even more by the 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 an ancient world if you lived upstream yet of better off than two 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 at 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 shut down twitter let's keep them from communicating with each other and what they're really. what they're 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 nobody wanted to work until quintillion because it describes this financial event and also describes coming out parties or privileged society girls or cotillion you know the thing just close to it depends on how you pronounce

spelling is different in a song is similar you know it's a bunch of 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. those together and you're in britain and you have a lawyer the queen's counsel the queen's constable tork you see you see 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 everybody else 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 the most like drug dealing you know they get the puter coke am colombia and then 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. the 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 suggests that all. 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. is 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 sub prime 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 out by private equity groups on wall street financed by the super cheap good tilling in effect money from the federal reserve bank now here we are eight nine years later and those folks can't 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 access their 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 this 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. is 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 there look or involved in 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 an economic risk those people who are buying these mobile homes because they've been victimized by blacks on another wall street predators have no hedging available to them so americans basically hedged in 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 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 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 just a franchise 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 down 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 or 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 others rather obtuse long paragraph 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 they can. 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 targeted the next go round the next crash as we're experiencing i have known of people. very close to 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 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 a qualifications maybe the economy would be better but this third 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 m s n b c 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 almost out of education but common sense raise your mark twain it's actually about the continuing in effect both speaking to debutantes balls of all things squishy stay tuned for the second half. right after this break.

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hi welcome back to the concert for an imax keyser have buzzing us nothing paid any attention while you let's continue now with our conversation with valentino elicits a welcome back ok as i mentioned it's a great privilege 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 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 know you get into a zone and you're totally know that and hopefully you think it was you and would go to different in which you know we wouldn't create a composer so it could either swear but what marks but do you use all of your life experience it would have an emotional or would you leave subtle because it is your

yourself to. be worth to pour your soul out 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 say 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 in this you lose fear yes and then you are able to speak your soul out. of the most important thing because if you have in that fear or do you get away from of some friend and then you cannot connect with people so let's get back to this whole political thing so when you're confronted with a political. kind of backlash he has to stay fearless you must be true to your fearlessness it was to put it in you know. in a lot of people told me was that kind of not so kind to you but the shut up and do your stuff play and then had

a member. even in soviet union you know we're all censorship you know which is one of my absolute if we would have composers and human beings he was censored when he actually used to put the right in use and was bourque's because the ruhr saloon like that are sort of songs they would be in the lives that them can see that it would be political so here you would music in which also people who claims that they could perfectly understand what he saw in that sense that ship was not for you said something recently what 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 i want to into the music we put ourselves in

context for a moment like i am and listen that is because for example you know to put it simply if you're in some song and his or her way you think it's a city that was something creepy when when there was a spirit and 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 all life experience when he's thirty two very much colossi go musical pieces you know why why do you still listen to beethoven that 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 specs. in kuwait but you are a priest to some degree you know interpreting the words of the deities yes it was

a creed to. creators and you are sick and you get to the pulpit and you tell the congregation essentially that this is what this is the words 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 happened 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 out of it was a few things the clip when i was given an interview for the style section in the newspaper and in the would go it alone clinton award the recess you were so on and that was that i just got on my 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 some friend of mine writes to me so when you can tell me all in the city do you think of all of us russians that we had i said what what did i say and she's since me she was in the early. since the headline says a buyer who came to our country they literally take some of my most and make headlines because i'm ukrainian it was convenient so it's not point i started on twitter do you leave it in basically loop that inflation's in you is what the script when you and stinks good going downhill you know like many ukrainians i was excited that they both made because they did well lucian the special in the studio why is that in all you know people unite this is one that is this feeling 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 jude in my shoes. well what

was happening in after and then you will like many people become full of 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 ear point it was only english speaking audience you know i mean you can the actions to russia and use them and then i was with you so people told me to shut up and i'm going to stubborn person 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 this modest didn't 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. three young kids adults you know what is it

you craning 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 money her husband's lobbyist group and an obvious push east to repudiate everything that was negotiated with the 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. when upset but at the same time you have to understand that the majority of people don't really believe the west. you know it's always since the beginning when you leave that are you in the hands of these people actually some more to see in the world today. uli to take over your

positions in the company so we should you can come when you will lucian sort of see who would deserve to do is the best you know thanks we'd settle and we as a country which is absolutely should do more than for ukraine because it's multi-lingual people seems that on from different languages that you cite interest in but if it in the woods direct democracy is an exemplary gunther for you can arrange to follow instead. different model which is brought in when that is there is a coupe yes the government run by a coupe yes 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 lola mom had been summoned. from saudi arabia as you know there 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're on our site 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 parties. 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 reels are not just everybody screams or you know who all looked out of seven knots or straight in so you don't see a legit there and use them but wince things happen in ukraine and you know i was all for it see act of civil war the party is that millions will stink but people say well you know but support is really too small to get five percent of the lib.

sions also you know is that militarily you a little long with the same but it would mean you know if we walks as a duck this people walking. or you could 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 aid the muslims the russians it is that i do see meetings that peoples can get in people so it talks like a duck it's you know. what yeah you know he was the u.s. is fully on board yes when you have disgusting us in the way to ukraine court walker says is that going to little for the criticism of ukraine because then you build this. is this notion of these but this like civil war would go away it's. very impressed you know again great having you on the show. to give you a little background of course you you were not

a lot of performance after being invited there you know for political reasons basically and my understanding is that you follow that up with a concert and don't boss young 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 and on the front line. and you know in the cold war i in the soviet union. was a lie and so your goal from what i should say in this was like my first well you know i'm streaking is like victoria nuland 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 dumb bombs but i'd like bread lines. and you perform your wicked classical music yes i'm eating the. because i am one ukrainian security services block least like middle towards.

and seek you quite a few. so i cannot go to see my family they can go to you know we've called it mainly in the ukraine because i would be i guess that the media is ukrainian see it doesn't so i can want to go and have slight indian boss and when they played that i played the same but one in the second concerto there were fifteen thousand people zip and you could still hear their open point and this people you know playing got a cut off their cars are out of time but thank you so much for being on the show rarely do we have someone with your guts you've got. unlike all these other and fingers right on well if you want to catch the other side of the story about for a good please check out the glowing profile in the guardian newspaper over there in the u.k. that's going to for us there on the kaiser report like to thank our special guest valentino elicits a and if you want to catch us on twitter it's kaiser report and so next time by all .

the drive towards war against syria is unmistakable the pretext is still another alleged chemical attack as usual no evidence is presented as usual conclusions are drawn before in independent investigation we live in very dangerous times. the swarms of the blue of them so my. good us who was before. much of those who heard it's a preview are. slim with the north we will we're going to. move. move. move she didn't look beautiful the militants the glitter of good. muslim also

these girls will give you films for good girls. to go to shows so look i do assume you believe the story to you should go. to startups to. get to meet until it was the middle of the mist they'd say look it is it's. just ashton understands this to you it's the mash told. to stop the president and it's been trying this project until. those who have produced the ghost whisperer to snap them up and you have because that is the girls are with you sir your supporters to your shoe station shouldn't throw you should cook door for the one who's do you do the.

act. as an emergency u.n. security council meeting russia's resolution on means best the geishas of syria's alleged chemical attack fall short of the required majority there is this counter proposal is in turn vetoed by moscow which a key. washington of reluctance to conduct an independent probe. you have already appointed the guilty party you don't want to hear anything you don't want any investigation. of. a violent standoff continues between police and environmentalists for a second day in france barricades have been burnt and offices of fired tear gas. is discharged from hospital following.