at this moment it's not able to come close that enable to however the stock is trading at hundreds and hundreds of times earnings which is typically not a great thing going back to this we work really stay is very illiquid it's an illiquid market and that's part of why we saw all the hyper financialization that happened in two thousand and seven to two thousand and eight based on the sub prime market is you solve that problem of the maturity thing is like these thirty year mortgages were packaged into c.d.o. is that were swapping in a changing hand overnight like several times here we have the same thing they're trading like dot com companies though in this paragraph here we're remind you of your dot com days the prospectus for the bond offering from we work obtained by alphaville on the f.t. points out that revenues jumped by one hundred three percent in two thousand and seventeen from a year earlier to eight hundred eighty six million and that the total expenses jumped one hundred eighteen percent to one point eight two billion based on this well established unicorn strategy the net loss in twenty seventeen jumped by one

hundred seventeen percent year over year to nine hundred thirty three you know they have to spend two dollars to gain a dollar sensually and revenues amazon you know they have lost money for years and years and they now own the market and that's the strategy so we work our netflix our apple or these other companies they are willing to take this enormous risk that they are going to burn through more money than they have could ever raise to gain market share it works until it doesn't work you have amazon netflix are genuine dot com companies this is the real estate company which has huge elisa's long term leases whether or not that's going to write it's like any lampard over at sears yet thinking is going to be the next warren buffett because of a retail foundation not understanding that warren buffett is an insurance based foundation in any lampert is near insolvency and sears stock has lost ninety five percent of its value and we got to get out of the sun don't go away and. much more

beauty coming your way. a little too late you should leave the end and if it didn't last i believe you started with a few fulfill some fun instead i think it's just that my life. when i left that i sound like something i'm not making a lot of and i love me. well still in the world but i believe glee got up and brought me a slow. and. easy to

take. the. country of the legal up and i believe he's going to listen on the phone when i have a difficult moment. and these years i live apart until i don't. know how shameful i'm going to get done it will be the first admission from the. putting lives by two things by his emotion and he is. in the long term he places a very long lead he says so to speak of the long distance runner in politics and

that's the way they underestimate him. welcome back to the kaiser report imax their time now to go to dan collins in shanghai and the author of a china money or a part that collins welcome back to mexico to go on air again now then the two koreas are signing a peace treaty who will get the nobel prize for this and how is this the bank present and china well my personal feeling is they may be she jinping i don't know maybe donald trump maybe the you know the president so korea it's hard series now the news over here is trying to you know very great news the end of the creek and war after in more than fifty years. kim jong un says he's going to

completely denuclearize the north korean peninsula fantastic news you know on the skeptic side they said we've seen this before two thousand year two thousand and seven several two summits nothing came out of that but i think we're out of at a crossroads we have got a crossroads here because of the donald trump factor i think because of the aggressiveness that nor that the united states has shown over the issue i believe china has finally taken the lead here and there that the puppet masters behind this piece that we see break you know in north korea well you can't discount the role of dennis rodman in all this i know it sounds a bit crazy but he did he was kim jong un in a way that no one had done before and up on the way really to a dialogue. how will this play out economically are there any sectors that wall boom as a result of this interview dan early to say but keep in mind china is the linchpin for the north korean economy ninety percent of their trade is with china and that

trade this year is down some sixty seventy percent because of sanctions because china has actually put on the sanctions the north korean economy if they let loose could boom because. they're so far behind the modern economy and. hard to say what sectors will will will open up the will we see you know how that was the real question are max and how do dictatorships die how does kim jong loon well the kurds are over you know i open the curtains on the world to the north koreans this is and still remain in power that that remains to be that's going to be a tricky move for him that's interesting what you're saying this other words the sanctions that china imposed on north korea sams to have brought them to a negotiating table and of course the sack shows i guess you could say orchestrated by donald trump and donald trump is proving his farai that

geopolitics can be say after the view there's a lens of deal making and and in china of course where they are dyed in the wool dale makers that approach seems to be a working how does it have facts on a broader sense in china in other words the trade war that's ongoing the currency war that's ongoing the tromp are less a ship with china where a way out and that their relationship them yeah would leave the chinese actually on the losing side of the treaty or here you've seen a lot of chinese companies including the by deal makers the trains alcohol heavily reliant on imports. from the united states so. there's a lot of companies that have gone with the chinese government are asking for relief with these new duties the chinese put on american products what i found most interesting is what china has done does e.t.e. the tillicum or what united states did is easy the telecom maker with limited chip

exports to chinese companies this is a new phase of the trade war the trade we're getting a lot of press here everybody's talking about it i think china has pulled back they've already announced huge opening up in many sex. there's the car. sector is not going to open up electric vehicles there's a lot of areas now that the train is going to open up their economy and allow more imports it well the same time you mentioned that you know geopolitical you know they're playing a game of google which is you know a legion chinese game later still you know if your tears were that's one bill one root is that's what the soap train to see you saw us and rule this we mentioned china now controls and so you're in syria chemo bleeding you said that right well you mentioned the game of go. this is another game to throw into the mix along with chess for d.j.'s forty chasse checkers and now go

now when you describe go there to sounds like you're describing mercantile ism which of course has been the chinese room to go to global economic policy that is just grab as much global trade as possible from the other guys in other words they don't have the idea that all can grow simultaneously it's about growing at the expense of your trading partners and of course some of the gold standard that worked out pretty well because the accounts were settled in gold and you had some consistency in the current say and the currency was gold but we live in an age of fast current say and so is a market to last policy or a game of go as you describe it does that work in a free ad currency where people can just print money all day long in other words. china's weapons here they're buying gold they are buying gold and they are

expanding through american tell us approach but america's got the federal reserve they can print money all day long and they control the dollar which is the world reserve currency. so is this match up who wins in this match up down well absolutely i think the last hand the united states had to play is the. federal reserve the u.s. dollar with the china though taking that apart the swiss system built off the from the united states now the united states is even weaponized the swiss system against russia and the other countries that's going away russia china are building their own swiss system the you know we talked about five years ago max are way ahead of the curve of the petro union i mean i've said years ago we're talking about the china moving toil in to remain be the next phases the remain b. to become a global currency that's what they're moving fast on that trying to move all the oil the shanghai futures oil futures exchange opened you know late last year so as

we see more oil contracts go into renminbi remain be international trade gets settled more and more in order to be really be will eventually challenge the dollar go to toe and then all of a sudden it won't be such a pristine game people are going to have to are going to demand real assets for their money right so that would imply a rail assets for their fat money watch what employ higher prices for real assets and i would suggest that commodities in the us like oil would start to trend higher we are already starting to see the oil prices creep up that might be a result of what we're talking about here you mentioned russia their course russia china are establishing a one bell want to run out going all across asia you're asia and to russia they're creating this huge economic zone which well rival the dollar and interestingly enough there's a rumor is that they summit between donald trump and north korea's kim jong what happened in a city just north of japan what happened to be in russia so how would

that play bad as seems remarkable yeah. keep in mind cheney the cheney's former minister won he is now. going to north korea this week and i think they're laying all the groundwork for the trump kim summit to come and i think they're laying the groundwork not to mention i think china's a puppet master behind this piece but they're going to give the credit to donald trump and i think he has a big hand to play in this of course but yeah i mean the summit we will see i think china is already working behind the scenes they're going to want to demand that the see the nuclear inspection sites. as kim takes those off line what comes out of the summit are they going to ask for american troops to be withdrawn from south korea you know we still have thirty thousand troops sitting in seoul as pawns in this game to where north korea ever attacked the united states would lose thousands of soldiers and then it's instant game on you know with the united states

so are they going to mean withdraw those troops so far they haven't asked but it's going to be issue what comes out of the summit but i think the tone coming out of him and what we saw this last week with the engagement from south korea i think we're at a total new turning point and i think china is going to put north korea under its wing and the question i have is why is north korea feel so safe not only they want a volley from the united states that they would not be attacked and then they would be nucular has china given north korea nuclear shield have the have they promised north korea military support not forgetting the korean war they lost over a million people million soldiers so they are you know they're in the game and they're going to support north korea right well yes imagine the sanctions have really put a lot of pressure on north korea and it seems that donald trump may be locked up in geopolitical chess board or go gorup board and looked at where the u.s.

was wasting the last monday and the military budget and say now those troops south korea could probably the gulf and we can save a lot of money right there let's get that in laotian and. as a result that brings and to play china south korea and russia and as as a way to unravel this enormous military apparatus that the us as much as half of tax dollars approximately one point five trillion annually goes into the pentagon's budget and you know i think the pentagon burns two hundred fifty thousand gallons of oil a day or something extraordinary and say there are thousands or millions or something unbelievable so it's unbelievable drain on energy resources so just as a single point of failure or a single point of leverage and same like trump is maybe playing a very interesting game here tell us what's on the block chain a big going to china is relaxing

a heavy handed response to big climb is that true what are your thoughts i think china china has to users there's big going and then there's blocking the block she was actually incorporated in the last five strategic five year plan from the chinese government angulo april twenty eighth announced a one point six billion dollar investment on blocking startups three offices free human resource of or handled the bank of hong jules getting involved in moving loaning money to blockade startups onto of course the home of ali baba is financial a financial book two hundred fifty billion dollar i.p.o. we talked about it before max trying to so far ahead it's been fifty times the rate u.s. has in mobile payments shenzhen is also known as something similar to compete with one job changes the whole of concern in many high tech companies so china is big on the blocking the p.t.o. see people's bank of china has already done trial runs with their own

cryptocurrency now leads into crypto they're not such a big banner because they want to like every other government they try to control your money control your life with your lease which is which is the paper money. so you know i mean me may have known there was a lacina physick conference here a few weeks ago which i actually attended and we were thrown out and right before lunch the government came in and literally you know everyone's got to go and over three thousand people we had to exit the conference the morning was most and been checked but then when they started talking about krypto all it and how you can get your money out of the country then it got shut down so well that no kidding me well i got twenty seconds can i make a comment on sina. so you know kim is the train to accompany the first trial runs with black jean with gas imports and exports where it's completely be centralized and treat spirit in all parties and both have a record of it so trainees companies are moving bass around blocking and i expect

them to be the world's leader just like they are with mobile creme is that right dan are out of time thanks ray on the kaiser report and he's right that's going to do it for this edition of the kaiser report with me max kaiser as they say every well one writes us on twitter is kaiser report until next time by a.o.l. .

palm oil is one of the most controversial products of our time it's a solvent vegetable fat that's very cheap. twenty seventeen production grew to sixty three million tons that rapid growth in international demand for cheap oil has led to the massive expansion of plantations which means the destruction of rain forests. given to the zio a lot more than ten million as of unique rain forest has been destroyed but it's a process that just keeps going. so what we've got to do is identify the threats that we have it's crazy foundation

let it be an arms race in this spearing dramatic development that only personally i'm going to resist i don't see how that strategy will be successful very critical time time to sit down and talk. the new global economic war is unfolding in the realm of education the right to education being supplanted by the right to access education low it's high education is becoming just another product that can be born and sold but it's not just about education anymore it's also about running a business and what you good. luck. to me. which is the place of students in this business model before college i was born now i'm running stream or higher education the new global economic war.

the. trunking contradictions the un's chemical weapons watchdog knows say it's only to determine the amount of nerve agent used in the script poisoning turning on earlier claims that nearly half a cup of a toxin was moved. up a birthday card marks turns true hundreds are to explores how the iconic pioneering german philosopher whose beliefs about the present free nature of the couple is only continued to resonate with many modern. securities tightened in paris i must have a government days after the may day march. turned violent. russian opposition supporters take to the streets ahead of love in europe putin's

presidential inauguration leading figure alexina volley is arrested at a rally in moscow. or to run. a very warm welcome to r.t. international this hour my name's you know neal good to have your company in our top story the international chemical weapons watchdog which is currently investigating the poisoning of surrogate script his daughter in england is backing away from claims made by its own boss the o.p.c. w. director general had suggested that up to half a cups worth of the nerve agent novacek was used in the attack on the former spy now that's a dose large enough to kill tens of thousands of people picking up the story

elaborating a little more out because they have not usually what happens with ministries. get revealed crimes the soul of perpetrators are identified in the script allah case what's interesting is we seem to be going in reverse. for research activities or protection you would need for instance five to ten grams of but even in souls three it looks like they may have used more than without knowing the exact quantity i'm told it may be fifty one hundred grams or so which goes beyond research activities for protection it also stretches the realms of reality here's some perspective one drop of a new rich aka nerve agent is enough to kill roughly ten people one hundred grams the equivalent of a small glass would be enough to wipe out at least a neighborhood kill thousands and thousands any serious chemist familiar with nerve

agents will tell you as much know each other is supposed to be very toxic highly toxic five to eight times more toxic than the x. which is already very very toxic what's interesting is how the head of the world's chemical weapons watchdog could possibly make such a mistake perhaps it was a mistake the u.p.c. w. didn't take long to shall we say clarify the o.p.c. w. would not be able to estimate or determine the amount of the nerve agent the blues used in souls bring on the fourth of march twenty eight in the quantity should probably be characterized in milligrams fair enough they miscalculated a slight exaggeration of about two hundred thousand fold but ok remember when russia protested the accusation that only eat could make no rich ox no one took them seriously in fact the accusers were offended by the very idea.

the russians crossed all boundaries when they said the novacek agent could have come from the czech republic that is a lie fake news right so imagine the czech foreign minister's face when the president then comes out and says this. novacek was produced and tested in the czech republic it was a small quantity though we know when and we know where it was done it would be hypocritical to pretend that such a thing never happened pretty remarkable just to think britain was so sure it was all so we singularly exclusively russia is highly likely that russia was responsible between the poles russia culpable culpable culpable for the attempted murder you argue that their source of the chalk is russia how did you manage to find it out so quickly i look at the the evidence when the people from from porton down they were absolutely categorical and i asked the guy myself i said are you

sure and he said there's no doubt only russia it could only have come from russia said the guy over there to barra's johnson hundred percent guaranteed go ahead sanction russia you can probably guess what happened next as a pattern here of not verified the for say source to be clear you're not able at porton down to say where it is from we haven't yet been able to do that so much backtracking it might as well be back running yet the media hits the breaking news peddle over any scandalous statement no matter how unsubstantiated and every time those statements turn out to be untrue no one cares staying tuned only for the next sensational revelation. all right guys the of with the reports

will award winning journalist and filmmaker jump the jury is on today's going underground he talks to me about how in the current political climate news outlets take a totally uncritical approach to claims leveled at russia here some of what's ahead i've never been a time when so-called as you describe it mainstream you surely are a satirical to the. mainstream journalism has been so integrated into propaganda. and that that propaganda campaign at the moment pointed right against russia suggests to me that it's the beginning of a kind of not the macho in russia i've been a journalist for a long time. i've covered many wars a couple of the first cold war i've covered it from the soviet union a couple took from the united states i would say there was

a pseudo journalism that i'll simply write down and swallow what government tells you is the very end. of what real journalism is. it is the two hundredth birthday of pioneering german philosopher karl marx people across the world have been celebrating debating the legacy of his works which but trade capitalism as an explosive device on sustainable system our europe correspondent peter all very explains why it's the iconic thinker remain so popular today. germany is commemorating one of its most famous sound controversial think is saturday is the two hundredth anniversary of the birth of the author of the communist manifesto karl marx to say that his ideas of class struggle and the overthrow of the ruling classes by the workers were under a main divisive here well that is beyond understatement marx's ideas were truly at

the root of the ideological division between east and west germany post world war two but that's not stopping his place of birth tree in the south west from hosting a series of events to mark his big birthday bash. it surprised many when it was announced that the guest of honor at the big party in trio would be sean claude younker the e.u. commission president hardly house proletariats credentials in fact the former prime

minister of luxembourg has been accused in the past of exuding the worst excesses of the bush was he so perhaps mr younger has been a closeted calm rate of marks all these years marxist con marx is not responsible for all the atrocities carried out by his followers and his writings does capital and the communist manifesto change the world as we know it so marx's name and image has appeared all over the place from a major street here in the german capital to this t. shirt you can even save your capitalist penny just inside the heads of one of communisms founding think is marx has also appeared in more than east. share of t.v. shows and advertisements as well. oh

come now dad. my son is called the list. which. is. the ideas put forward by moxy here alongside frederick angles haven't been consigned to the nineteenth hole for that matter the twentieth centuries a recent poll of people from twenty eight different nations showed that hall for them said to get a better society we should follow socialist ideals however it is worth noting that in the same poll around the same number said that political system is based on the writings of these.