to tear up everything well the number that they look at to determine whether or not they're succeeding as politicians is the dow jones industrial average that's going up they consider themselves to be succeeding the underlying fault of this mechanism to distribute the wealth generated by the country is never considered the fact that they wealth and income gap is spreading wildly toward third world status infant mortality up and health care bankrupting millions is not part of the equation they simply look at the dow jones index to divorce yeah mortality rates are not only up for infants but also for working age adults so that is a shock that is something that hasn't really happened in the us right here or anywhere drugmakers or in the dow jones you know that goes there actually the biggest opioid is a family owned private business the one in connecticut that makes oxy and all those things are actually not in the right and all the ancillary businesses that support

the heroin for you know synthetic heroin distribution they distribute heroin instead of wealth yes the american economy i mean back in soviet days they were they ran on vodka in america today runs on synthetic heroin so we have to work charts here showing this inequality the wall street journal does show the two charts that establish that indeed there has been huge inequality and remember two thousand and eight was when obama came into office he exited in two thousand and sixteen so this these are mostly his ten years this is what happened under barack obama i remember a lot of resistance media says that this was a great great great time but as the actual data suggests when why the mortality rates increase so hugely that you know world health organization sort of bodies say this is only happens in sort of like civil war or in epidemics that we see increases in mortality of the. the amount that has happened in the united states

well let's look at these next two charts the first one median household income is only up five point three percent since two thousand and eight employment has risen but about a fifth of the u.s. jobs are in occupations where the median income is below the federal poverty line and median household income is barely above its two thousand and eight level adjusting for inflation so as we said like most of the very wealthy receive more income from dividends and interest in interest income and capital gains so they're still on the lower income their the stock market is up three four five fold since two thousand and eight that's where their income comes from people working for a living while twenty percent of people in a job are being paid less than the federal poverty level and you keep these people from revolting you know push the synthetic heroin push the opiates i mean i don't

think there's any coincidence that we've got a wealth concentration unprecedented send even more existing of the robber barons in a very docile population and an explosion in synthetic heroin being pushed by the pharmaceutical industry and the medical insurance industry there's no coincidence there america strung out there out there there nodding out there dopers cording to this chart from the wall street journal it was suggests that there is an epidemic of inequality and in a complex system one doesn't know how it's going to manifest shamus videos of san francisco in the bar and the public transport station people openly shooting smack it right there in the public and definitely adding on themselves and you know people look at that and say that's the american economy succeeding the stocks that push this are going up ok and as i am i hate to be very i have to be harsh but let's be real i'm going to say something that people say oh that's very harsh but it's true mama. i'm not going to say ok ok so we're going to move to the next chart

from the wall street journal and this shows the income gap the wealth and income gap two thousand and eight versus two thousand and eighteen inequality has grown people at the bottom of the pay scale lost their jobs during the crisis the government's response to the crisis helped inflate the value of assets like stocks and real estate which are more often owned by the wealthy so here you have a distribution of wealth by wealth percentile two thousand and seven versus two thousand and sixteen so this is under obama's watch and the resistance wants us to return to those they don't want to fix as the resistance the resistance here as the rachel maddow of the world want this to continue like this because she's at the top she's earning a lot more so in fact the top one percent owned thirty three point seven percent of all wealth in the us in two thousand and seven now they own thirty eight point seven percent so their real wealth has increased by over ten percent they're happy well the rest the next nine percent owned thirty seven point seven percent that in

two thousand and sixteen is thirty eight point five percent so a little bit better but the bottom ninety percent own twenty eight point six percent of us wealth in two thousand and seven twenty eight point six percent now it's twenty two point eight percent that's down but that's down like almost twenty percent so they've suffered a huge crushing defeat the bottom ninety percent under a system that rachel maddow m s n b c thinks was fantastic they think that system was so freaking great and it like who voted against this who is it against us it can't be us it can't be me rachel maddow and this system i love that has done so well for me it must be some foreigners must be some superman it must be some. we're free from out of out of space. we're going with that yeah you know they're trying to push the blame somewhere else instead of on the underlying system which is

statistically and this is the data this is you know these are the facts this is coming from your own federal reserve this is coming from your bro labor statistics this is coming from u.s. government data and it shows that the top one percent are over ten percent better off the bottom ninety percent are more than twenty percent worse off so. what design engineering definitional engineering it's ockham's razor would suggest this is the reason people didn't want whoever the continuation of the obama regime remember hillary clinton ran as a continuation of obama even though she was way further right than him but she ran as a continuation of obama and people were like well if i were you know i'd rather just blow the whole system up with an orangutan i don't care well look i mean there is the fake left in the media space like rachel maddow by the equally culpable are journalists so called on the fake right like john stossel who's a fake right wing journalist who also doesn't focus on any of the realities that we

are describing here and you know if it on the old failed dictatorships regimes yesterday yesteryear as economies were failing they would prompt a bigger and bigger statues of their dictators and so here in america as the american economy is failing miserably they're there propping up their icons of these you know s. and p. five hundred of these few stocks that represent the the tomic you know godsends that we should all worship before even though they're being puffed up by free money from the fed what exactly is a pumpkin village essentially ok have you ever ever ever ever once seen rachel maddow leave new york city leave manhattan no she records say all the time she hangs out with these people who who have convinced themselves because nobody likes to pretend that they've become wealthy in a rigged game that they've been the beneficiaries of free money because they believe they've internalized this notion that well it's just going to trickle down because i'm so benevolent i tip the waiter quite well i give thirty forty percent

tips on a good person and this is trickling down so the next chart from wall street journal for the bailouts many unhappy returns the financial crisis cost the u.s. economy some six trillion to fourteen trillion dollars in lost output and ended only after the government promised aid. worth an estimated twelve point six trillion dollars yet many were dissatisfied with aspects of the response ranging from the price tag to the perceived choice of beneficiaries you see on the wall street journal of of course has to because they are the wall street journal they're not going to our i say well it's a perceived it's perceived that all the money went to wall street it did ok their losses were made out the bottom ninety percent there clearly as the previous story shows their losses they had to eat their losses they had to pound sand right well no no time in history during a crisis like in two thousand and eight where the creditors bailed out instead of the debtors i mean going back even to build local times is the debtors that get

bailed out not the creditors but because of the fascism the neo fascism that listed leni like neal fascism between the bankers on wall street and the federal government fused together in a corporate corporal craddick daisy chain of incest and bile and financial shenanigans the creditors were bailed out and what are they do with all the money they inflated the bubble even higher so now i've got s. and p. hitting an all time highs but the more reality and the ethics of the country and the wealth and income gap and nosedive so you've got people in the street shooting up heroin death of kidding on themselves and like janet yellen whoever's running the fed these days powell jesse powell walking by and saying that's an indication of our success my kids are there shooting up heroin and difficulty in the street just you powell say because i'm a hero in america thank you just this last hour is going to show exactly and demonstrate the truth of what you just said because it says government backed firms

make up ninety six percent of mortgage security issuance so u.s. housing policy is frozen in time when fannie mae and freddie mac. were bailed out in two thousand and eight lawmakers promised a reset of u.s. housing finance but ten years later next to nothing has changed so government backed firms ninety six percent of all mortgages are backed by the. us government the taxpayer and you know i remember the two thousand and eight financial crisis well it was a caused by wall street reaping huge amounts of fees and profits for themselves when they spun all these subprime mortgages into c.d.o. as another mortgage backed securities and they profited hugely they all went bust they got caught holding some of these dodgy products that they got. themselves call them. you know goldman sachs famously in the testing so what do we do i mean what do we do when we have fake journalists on the left like rachel maddow fake journalist on the right like john stossel and there's no coverage for americans to understand what we need to report of course and we're going to be live in new york

coming up yeah right down your wall street actually right like right there next to wall street we're going to want to live shows we're going to do a few live shows next week next week and in new york new york city will be there and say stuff that i want to know what i'm going to say well stay tuned for the second half much more coming your way. don't go away. the iran nuclear deal was one seen as a major achievement of american diplomacy but that's no longer the case donald trump's decision to pull out of the deal has reopened a major international problem and they have to analyze betrayed and adversaries confused. the world perceives.

it is like that. i would say i'm not a mere two but americans really. world war two cures the depression or. storm prosperity. from store. for the for us the whole world what it what and. historical rewrite ever since world war two to foment the cold war against russia against communism and. socialists mishmosh. the soviets all made out to be all plus just right so use could all go. well i think world war two has been distorted incredibly by the anglo-american media and that's because they wanted to

minish the role of russia. and stalin who actually defeated hitler. so some officials do not. fully understand or do not fully accept the principle of football being beyond politics that's a fundamental principle of the world football. were granted some people may have opinions but it's their own opinions and doesn't influence opinions of many other football fans who are buying tickets every day in large volumes. with all make this manufacture consent to stick to the public well. when the ruling classes protect themselves. in the final

merry go round the sun be the one percent. we can all middle of the room six. rounds. welcome back to the kaiser report i mask on their time now to go to chicago to talk with michelle block of miss talk dot com mr welcome back pleasure to beg on the show that how you go on well super so mission the latest jobs report either one hundred sixty four thousand jobs were added or three thousand or the unemployment rate allegedly fell to under four percent the first time since two thousand we are thoughts on the jobs report mesh well we look at wage growth everyone keeps expecting wage drugs and people keep talking about bills or you know

i don't know those triggers that you know people just kind of give up on this idea wage growth is anemic last night i was up to like three o'clock in the morning i put out a report so ok back to you know where the jobs were recreating these jobs and what they pay most of these jobs except for professional and business services. are either stagnant or man in france has actually been declining since two thousand are active in the crying for decade so i looked at two big groups retail trade and leisure and hospitality they were working in bars just restaurants and though i guess where the wage growth has been maxon as soon as where the job growth wage growth nonexistent they were not for professional business services last the whole picture would be an absolute disaster mining utilities those are those are two of the big ones no no job growth in those max not right so as labor

productivity continues to rise hourly compensation continues to fall right talk about that a little bit now the b.l.s. only comes out with the these are real waste reports every may so and as for a year and a half ago so we're going on. two years old here now but the last stats i had maxed was was the real wages that's that's inflation adjusted wages are down in seven out of the last eleven years and people keep expecting modell's to go out and buy houses when home prices which aren't even c.p.a. you've rising and rising and rising real wages are declining and economists can fish for out why why people are buying all well that chance or presumably it's dangerous to the stability of this consumer economy and political system right as

there are so called cohesion risk as economists like the cause may well there are so many arrests here and that you through the super stupor that i write before you came on france came out and say you know their budget director said it was going to balance the budget well you know i know that i'm going to have however the economic commentary on it was good it was in say so so they're thinking in this world of changing of the magna m.m.t. and for a government spending and money grows on trees we know we're we've now come to the point where allegedly it's in saying so talk about balancing the budget that's where we are and and yet despite this the spy this what governments are doing in japan in europe in the united states the c.p.i. at least as they measure it or they don't put asset prices in their most definitely

homes or the stock market. prices are barely rising again if you believe them and l. i always i do because they don't measure what's important they don't measure the cost of education health care is under reported in the c.p.i. and home prices are in the c.b.i. at all so of course the way they measure it they say that inflation has been high and it's really not hand and money all the screw generation are really getting spurred on that's when you say wages are either not keeping pace or declining rents however are surging this is been going on for a while and i can talk about the whole event i follow a report on the red cafe they published a space that we're seeing. the biggest year over year increases in a rents in quite

a while of course so over the max now i emailed them and asked them i said i wanted to know if this was weighted average and they said yes and you know some cities are soaring and you know where is that of course it's near where they were flying oil some places in fact the resale rest up as much as thirty two percent a year or how. that's that's high do boil and other places namely you know new york city where people are living actually people are feeling a little annoyed as well some are saying declining a raft this is another one of them out these. the b.l.s. takes all these banks put them in a mixer averages them out was a job you know this is what's happening well c.p.i. has really an individual way if you're going to college you know your c.p.i. is way higher if if you're paying through your own health care your c.p.i.

is way higher if you're on medicare i'm going to be on medicare. in september max there's a plus and a minus to that of mine as of course as i'm getting all those losses i'm getting nearly free healthcare all of that the years and they say well the less errors this out and with people getting older and older and going on medicare who's paying for this well it's the young all the workers there are screwed that can't afford a house essentially they're paying by medicare for me makes no sense maxed let us look at some of the bigger economic trends out there and let's look a little bit at gold you know we've been talking about gold for a number of years and watching it eben flow at different scenarios now the demand in q one a slump to a ten year low the previous low as the kill one of two thousand and eight which was then turned out to be

a big springboard we know what happened later that year so your thoughts on the new gold mess and the dollar well that was the headline max the headline was gold demand slumps. greatest the most and in ten years that's at some point ballsy you know it and i know what i'm wondering all right we know it by looking at the price the price is not at a ten year low here man and you know all these analysts say they look at jury demand they look at demand for coins and that's been a man for coins from the retail investor is what we're talking about that demand is at a ten year low so make the report is accurate i have no reason to believe that it's not be were actually selling their coins they are now to invest in stocks i mean personally i think that's crazy but that that's that's what's going on are we so that's what the report says is going on but that's not a demand for gold every ounce of gold nearly every ounce of gold this ever been my

since inception is still in existence. that is part of the goal supply yeah. gold prices up for a hundred dollars off the bottom a few years ago that's the real demand the real demand is what it is is all the people holding gold they could sell it but they're not they shoes stuff all that at a price three hundred dollars off of the bottom and with retail investors selling their coins to buy stocks or maybe just to pay those max actually likely that's what i think is happening because consumers are tapped out the best the demand for gold so these analysts are wrong and the retail investors selling their gold coins that's a contrarian indicator if you ask me max i've been to says a really nice time here to buy a goal when paid or tossing in

a way when retail investors don't understand what's going on or they're tapped out and they need to sell the girls to pay the bills right well yeah and then on the dollar another dollar is always talked about in the same sentence as gold these two are kind of a symbiotic relationship well you know the dollars been rallying recently so how does that factor into it mesh well the dollars been rallying gold is actually held its own it's been drifting every time the price and then in the last actually for two years now it's in a two year consolidation pattern near right around thirteen hundred dollars an ounce they every time it's trying to break out of that thirteen level the level it spends her back. every diet people you know it all back. we see the talk from economists was going to crash it's going to drop to five hundred or a hundred or whatever. they i like my chances here the u.s.

deficit is going to go off. in europe i think they're at the end of the recovery of there's more and currencies that are really under pressure here right now and of course no one believes any of the stats china i think the goal economy has as p.t. or i've said that before or i gotta admit you're on the say that here we are less like that again and very few see it coming to the fed. the rest of us year to the upside. in the euro zone. really bad economic reports out of germany for about the last half a year now so how is that going to work i think germany's ducting to be an engine of growth and we have truck firing off trade wars with about everybody no one wins trade wars might raise prices and that's kind of what we've seen here oil

prices are going up on the on this talk the last time oil was surging like this was was two thousand and eight well then hit one hundred forty the next thing we know the u.s. was in recession max i think we're heading up for a replay of that is so what's the fed going to do i think we know what they're going to do they're going to they're going to cut race. they're probably going to panic if we get another recession i think that's going to be good for goal ultimately gold is a measure of faith in central banks and that's really what. ta a few years ago when gold bottom mariya drake he came out in two thousand and twelve and he said we will do whatever it takes to save the euro and believe me it will be enough the irony of that statement max was he didn't do anything they did

nothing that statement alone however risk. or confidence in central banks for a while people are questioning faith in central banks people are wondering in the us whether or not the best behind her the e.c.b. has made no progress at all in its battle to reduce inflation yet we won't use asset bubbles and the quote of the day i. quoted them out was was came out a report yesterday. just made because it was so now most of what i have been saying it is it's you know if they want to cost the way it should the central banks would do exactly what they've been doing for the last six years building these asset bubbles when they burst it's going to cost the flesh mesh well we've got to cut it off there of course another benefit of being here social security age is

you've got tremendous wisdom we appreciate your bringing it to the show thanks for being on the kaiser report and next always a pleasure for me to do this more often and we'll see you next time and that's going to do it for this this you know the kaiser report with me max kaiser stacy everett i guess miss oh miss talk dot com if you want to reach us on twitter it's kaiser report and select time by l. . ministries police forces and city administrations of many countries depend on one corporation in the us my mike will still be on the board doesn't fall for the lies of the stunt just dumbs down the guns. woods has nothing to do that on into the sea it's a must to supply proof from proprietary software you don't know the source code isn't that a such a security risk when you have a black box operating in the public eye to microsoft's dependency puts governments

under a cyber threat and not any. think off message and put us in more that's what we call self-assembly a sense of is a stillness also clearly one of the most vocal to listen to most of the world didn't miss you the world was an all of those with no buildings this is the arsenals of the home study done with the old vision stopping there was a steel mills in front is up in these crowds in the fine. united states has always had the right tools it's news and it's a tax on other countries. economics a shoes or are often just a beginning another thing you like to do is play some military pressure on the country music or

a talking about. their past to be an effort to demonize that country and the leader of that country. we have a responsibility for the home. and we need to make rules for the rest of. us without us there will be chaos.

donald trump faces a torrent of criticism from leading european politicians and media over his decision to pull the u.s. out of the iran nuclear deal. so we can see this studying the link between immigration and crime saying public demand for such a move is growing. and iraq goes to the polls for the parliamentary elections washington worried there's none of the main candidates park its policy of countering around. us to a russian company charged as part of a trump rush of collusion investigation pleads not guilty in court and made prosecutors efforts to delay the case.