honestly end up helping workers in the united states that's right the d. us dollar has being dropped as a reserve currency and so you have titanic shifts our tectonic shifts i should say in the global economy and one of those would be use of alternative currencies again i think it's end up being better for the average person if any letters protected this predictive us but what i'm saying is that i have lived in europe and i could witness with my own two eyes the life the lifestyle the quality of living of the ordinary european is vastly superior to the lifestyle of the ordinary american and part of that they used to have as miserable an experience you could see that in europe before you know when they had empires once they got rid of the empires their lifestyles and their living standards have increased rapidly i think if you could see it across paris for example. before that the lifestyles in europe are vastly

improved because they don't pretend to be empires they don't have the infrastructure costs of an empire so once you release the costs are going to have a trickle down to the average person so you're suggesting the us empire is in terminal phase and that american should rejoice they should embrace it let you go around paris and there are all those fountains beautiful fountains and but the water fountains right why are they there because the ordinary french person they were pleased with all sorts of diseases of poverty there was so horrible there in paris that some billionaire philanthropist of the day built all those water fountains so that the people would have clean water and then now it's the opposite you know you have medicine some from tear coming here to america to treat poor people in the appalachian you know who have no access to dental or medical care so the average american citizen does not benefit at all from the american empire now so breaking up the empire might be bad for a few conglomerates but great for the average person we'll have to see what happens seen. it's happening oh it's happening it's on it's on our donkey kong face make

a donkey come on we've got to take a break when we come back we'll be continuing in this vein so don't go away. zia says harlan kentucky. boys he was very funny. a co money since he was almost no coal mines left. the jobs are gone all the pay was just said. that it was love to see these people a survivor of a world 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 and it's happening it's happened. what holds his hands to something. they put themselves on the line. to get accepted or rejected. so when you want to be president. for something i want to be rich. to try to be first this is what the four three in the morning can't be good. i'm interested always in the waters about how. i should. welcome back to the kaiser report i'm max kaiser as i'm not

a terror to miss shedd lock of mish talk dot com mesh welcome back but we're going to show graphics let's talk trade war in our last episode here a kaiser reporter we interviewed karl denninger of market ticker who said trade war is a good thing i believe you believe it's a bad thing tell us why all it does is increase increased prices by consumers here in the u.s. wow if other nations retaliate it limits our exports i mean look what happened prices soybeans virtually crashed us in a mad dash actually added to g.d.p. is that everyone was trying to export or sort beans right ahead of the twenty five percent tariff that china put on so the farmers are howling mad here five republican senators are howling mad over this mainly the agricultural straits max i can only find one person that's happy one industry is happy that's us steel

industry prices are going up the auto industry is mad because the price of aluminum and steel is going up the cost of cars is going to go up our exports are going down we call this winning i don't think it's foam x. it's losing well you mentioned prices are going up and that they do go up and but the china of outsourcing of labor really was problematic for china it's unsustainable they're moving away from a slave model more toward a higher priced labor model in a lotto and the us can't get away with outsourcing the environmental degradation that they were doing for years you know china's not taking the garbage anymore the biggest export of america to china for a long long time was garbage and that china saying we don't want your actual garbage is not garbage products but actually. tons of garbage and on china saying we don't want your garbage so china is rejecting the model so if america you know

this what trump is doing is in reaction in a lot of ways to what china is insisting that we do so he might call it like us to trade war but you know china's already been in a trade war with doing a trade war for years there now we're trying to react to it meant if china is really subsidizing the us with cheap steel sheeple woman she sold her brains for example let's study your spread of it who benefits from that work china is doing if that's really accurate is saying they're take the stuff we manufactured we're going to give it to you jerry who benefits us consumer max if the us consumer benefits it's good for the us mad by us consumer over the us worker wages are gone i've been outsourced to china so prices are going down have been for a long time but not as fast as wages so they're all temp assange is let's reverse that equation let's get prices up let's get wages up as well because they can start building manufacturing capacity right here in america the us manufacturers are now

more than ever before max look at the numbers it just takes fewer and fewer people we call this productivities to manufacture anything those jobs are really coming home you know. the industries might come home and some of the jobs of ever come back their jobs didn't come back with a nest that's the whole fallacy of this saying you know there's there's five million jobs manufacturing companies in the us use your products is maybe a couple hundred thousand that actually produced steel where is the benefit to this to drive up the price of steel max there is no one right you mention nucor a new car the stale company they have by this policy picked up a billion dollars in savings they have now talked about they're going to start manufacturing in the. yes that's the steel company as you mentioned already benefiting from this and looks like high pay still jobs right there nucor so it's

early in the game the trend is emerging though that this is a net winner for wages in the u.s. measure its and now we're going to hear for the steel industry it's a net lose if that i'm not even convinced of that but adding net loss to everybody else there's no there is no win here the there's only last year that the chinese side of the equation is clearly in flux i mean they are no longer going to be able to accept the current paradigm as it has existed for example in china now thousands of incidences of mass on rested a toxic pollution given the entire communities cancer. so it's a silly way to compete. you know your family is certain to come down with cancer i mean you know this this whole idea of outsourcing the toxic externalities as they're called for a corporation to china it's hit a chinese wall they're not going to accept it anymore so that this situation is

changing measure how can they have you know a better but bear a child and you're certainly right people over in china daryn so i hear you here you have a case for air pollution from water pollution my gosh i don't want to go to china let alone you know i have to live there max with where we are with all the pollution i couldn't trust anything i get to eat or drink books. again who is the beneficiary of this it's not the chinese people and yes it's going to change interesting dinner just looking at a report today max and china is about ready to go into a trade deficit with the rest of the world just not with us so how is this for most work in terms of fantasyland here what's happened. thing is the price of oil is going up. the price of other things that china uses china's labor costs

is going up it's it's just us is not the beneficiary on tropes rooty you know he wants us to handle but i have an equal footing here with china but china is already theirs you're going to be on equal footing with most of the rest of the world it's just not going to please trump transpiring this this gun and it's coming back around boomerang back around he's firing to gun right after us max i think it might cost in the midterm elections so mish what do you think should be done about the so-called bucket of losers of which were spoken about by hillary clinton those in the former industrial powerhouses that now have non wealth creating low wage jobs like burger flipping it can't possibly afford to move to where the jobs are in san francisco new york city massive copper carson ration to keep them from voting perhaps five dollars a wages you know what is your answer on that well you're going to be with me on

this woman pets this. was the real problem here that's what we need to step back and look is the real problem that wages are high enough or is the real problem is that the fed has thrown trillions of dollars you know in every which direction and prices are rising and we've recreated a bubble in housing in stock market in assets and of course the bottom end of the wrong is not the beneficiary there but the top end is top one percent even top ten percent you can't go much deeper than that happier than ever so that's the problem yet yet yet we see all these people wanting this some go progress that shocked the world and new yes and new yorker i forget this woman. mary but you know she's running on a policy of zero zero must give away free education free kindergarten free don't

care medicare for our racks you know a policy can't work any time government yes and starts flushing this money around the absence of what the intent is what the stated intent is what happens well look at where prices are reasonably stable and agricultural products are among them look at where they're not cost of education soaring everything we've thrown money and medical obamacare every price where we tried to give away free stuff that's where the problem is max would be cortez in new york the election coming up another member now so you mentioned the money being thrown away by the at the fed all the money printing you talking about of course china and the u.s. trade balance imbalance and invariably that comes to this idea of the u.s.

dollar as role as the as a reserve currency now would a global trade unit be more equitable means of avoiding a massive trade imbalance in other words going forward here in a bit of a gordian knot in a lot of respects in terms of solving these trade issues as it is it going and you mentioned the fed there in the money printing is there room is there scope to consider a global trading unit of some type not the u.s. dollar but one that is more equitable works it works in keeping a global trade more balanced measured absolutely backs and you know what it is its goal. it's actually whatever the free market would decide upon it's a free market decided on bid to i would be perfectly happy with that max yes. we do need to get central banks out of the picture look to people choose whatever curves are they want to trade and. if we take this back to when all these trade imbalances

started it didn't start with nafta it started when nixon close the gold window in trade if we went back to our own on that policy. trade deficit would go back pretty close to zero to where it was before we took this off which allowed the free printing of money in the united states the e.u. got into it japan got into it china got into it. that's the problem that's what we need to get back to how about a free market in currency that would fix the problem you know the big plane advocates out there would say that this is the free market and currency it is like and its ability to appeal to thugs who want turns to compete with each other in a free market and that has gained a lot of attraction and that sense a converse to gold you would think based on what we're saying here that gold would

catch a bit that gold would be slightly more positive as folks looked around to the global trade wars and trade situation and started to discount the possibility that this completely unsustainable and like has happened so many times before i return to gold is inevitable how come gold is trading so lackluster here v.m.s. then i don't know i certainly expected a rise in gold here but look at it this way if you gave people a choice would you read that they rather have a dollar backed by x. number of those or grams or or whatever of gold or were they rather have a dollar back by nothing i think we know the answer to that and actually it is it is bitcoin that has arisen out of that out of that matrix max i i don't disagree with you on that point and all the so what. what is it going to take to get back there i don't know i do think we're headed for

a global currency crisis of some kind i don't know how we can be i don't know where it starts might guess actually still is europe or japan but it could easily start in china or or anywhere else we both know the system there were on here i don't know you know how many are we have to a quadrillion. druthers now this model is not sustainable i don't know how long it has though max no one does we're all guessing just remember mash because it is not the bubble big point is that ten anyway we're out of time thanks for being on the kaiser report a pleasure to be on by accident and i look forward to the next one well that's going to do it for this edition of the kaiser report with me max kaiser and stacy ever like to thank our special guest miss shedd luck of miss talk dot com if you want to raise us on twitter it's kaiser report until next time by al.

close but. some people jump on. people as you know we that the baby in. the trees. most politicians say that's only the guy but he did so. and all of a sudden the man just. simple be ok with. i said i will enter it even if they will not allow me. even if they will shoot me.

at all. million million indeed i'm not i'm not even on the menominee been thought to be chubby don't panic don't feel manana i'm kind of by the government it will be like i'm in the economy are you. so what we've got to do is identify the threats that we have it's crazy. let it be an arms race move his arms off and spearing dramatic developments only mostly i'm going to resist i don't see how that strategy will be successful very critical time to sit down and talk. i

i . well for. last time we chased. each one of them carrying twenty kilos of drugs. is. like. me. i don't know. make or. break. for now.

britain's home secretary admits that more needs to be done to tackle the forced marriage of women and teenage girls of asian and middle eastern descent in the u.k. there was not some office coming from india that there were people waiting to come over for a visa to use me and to take it paedophiles rapists murderous terrorists who are coming in you know the victims we don't want them here. elsewhere as democrats or republicans aggressively campaign to win seats in local and congressional midterm elections we look at how both parties have been using the image of president to get the various messages across class.

on palestinian killed and over two hundred injured in further unrest over the israeli occupation of palestinian territory. good afternoon to you my name's kevin zero in this is art international live from moscow has just turned one pm here first britain's home secretary is acknowledged that more needs to be done to tackle forced marriages in the u.k. britain's times newspaper revealed that women and teenage girls from asian and middle eastern backgrounds are being forced into marriage there are some of the testimonies of some of the victims re-use family forced her to marry a cousin in pakistan her husband only married her for visa purposes eventually they ended up with two daughters and after some miscarriages her husband forced her to go through i the after retirement so that they could conceivably when she

eventually fell pregnant there has been said that if she was having a girl then she would be having an abortion the abuse continued and the male child was also subject to abuse after the wedding in afghanistan her husband beat and return back in the u.k. she was forced to work full time to support the visa application she fled when her family tried to get her to sign these reforms but they must have forged her signature as her husband is now in the country now she's a refugee and her request is in the u.k. reportedly out of eighty eight up locations for visas to be blocked in the hall for upheld the ten decisions still pending campaigners against forced berridge claim authorities are telling a blind eye to the issue because they don't want to be accused of racist or religious bias. churkin i spoke to one victim. paedophiles rapists murderous terrorists who are saying why are they coming in you know the victims we don't want them here in a troubling number of cases girls raised in the u.k. are being taken abroad by their families and forced to marry their then told they

can't return without their husbands sometimes they're even forced to get pregnant to make it easier for the father then join the family back in britain i'm a british citizen i was born in this country and i'm bad a stalker a seventeen and then i was held captive and i was tortured because i was seen as damaged i was then taken to india where i enjoyed an exorcism and then i was brought back to this country where i tried to commit suicide in a homeless shelter and then i was forced into marriage and after us courts into marriage there was barry abuse after five months to share how i was then my family finally took me back and then they were organizing a second forced marriage for me and they said nobody in england would have you now so we're going to have to bring someone over from india on a piece and there was lots of offers coming over from india that there were people waiting to come over for a visa to use we had to take care but i actually ran away from home and i was threatening suicide sonny who was disowned by her family as

a result considers herself lucky she managed to escape when many others are still kept a campaigner so call this the equivalent of modern day slavery and are calling on the authorities to do more to talk of the problem what is the scale of this must service massive individual charities report thousands of calls a year to their helplines the problem stretches far and wide affecting middle eastern asian afghan kurdish iranian and other communities living in the u.k. was raised with him a criminal offense in britain in twenty four teen enable and we've only had two criminal convictions and yet we see thousands of people reporting that is disproportionate so why oakie called too afraid to prosecute too afraid. to take a stand and minister is our whole if he should and speak out against this part of that reason i fear has everything to do with the fear of offending me into the

office classifies these as reluctant sponsor cases while describing itself as the world leader in tackling the horrendous crime of forced marriage there are a number of reasons why cases are referred to the forced marriage unit not all of which are the result of a reluctant sponsor getting in contact in some cases it will be decided following inquiries that no further action is necessary and a visa will be issued if an individual refuses to act as the sponsor for a visa application then under the immigration rules that visa should not be issued . those campaigning to highlight the problem disagree accusing the authorities of knowingly allowing criminals into the country in these cases the victims themselves reported they didn't want this person to come to the country and yet still what the data tells it is under a freedom of information requests by the journalist was that these visas were still allowed so we had these people living in britain now. as

a result of our bit to be forced into marriage the u.k. home secretary has now announced wanting an investigation into the handling of these cases but charities have been getting horrific stories of young women forced into abusive marriages for the sake of you can be as for years and so i see a truck in our party london. politicians across the us a campaign for seats in local and congressional midterm elections due in november the described as one of most important in recent history because it could swing the republican majority the lows donald trump currently to deliver on his policies there's also the possibility that the democratic majority could make threats of impeachment much more realistic caleb maupin reports next that on how trump has become the focus of this current campaign. now the midterm elections are months away and across the country it seems pretty clear that the elections will focus on one single issue donald trump that's not an exaggeration check out this campaign ad

from florida everyone knows my husband ron to santa is indorsed by president trump he's also an amazing dad and ron loves playing the kids build the wall he reads the stories then mr trump said you're right about that or maybe america. now that just scientists has the blessing of the donald he's rising in the polls trump has actually managed to resurrect a number of republican primary campaigns and for the democrats trump is an easy punching bag and the bogeyman check out how this candidate is marketing his anti trump message i'm rich metal you know i'm running for governor to deliver progressive results and to stand up to donald trump here a few of the things i've done that already in theory i protected planned parenthood from the republicans in congress take a chance and what's the number one way and i. for the republicans. take that trump now the ad never really makes clear how offending the president is going to

help the people in maryland but that doesn't seem to matter the anti trump message is loud and clear and that's the name of the game in u.s. politics are you for trump or against him no other information is required that's not surprising when it comes to voters as they're divided along party lines like never before this is actually spruiking members of congress you cannot just run against donald trump. and it is the job we democrats to put together a strong cohesive economic. group of proposals aimed at the middle class and those struggling to get better we're in a strange place it's almost it's becoming a cultish thing isn't it it's not a good place for any party to end up with a cult like situation as it relates to a president that happens to be purportedly of the same party democrats are now taking the cult thing to a whole new level they're even invoking old uncle joe he has very deliberately set

up the press as the enemy of the people. saying that he first heard from joseph stalin this is very dangerous it undercuts democracy we decided to ask americans how much their vote will be influenced by one man's cult of personality do you plan to vote in the upcoming midterm elections. why not. go there. you need to look at the candidate and you need to see what the candidate has to offer and what the whether the kennedy can pull off what they're promising to do is what they think of trump not just what they've been trying to do you plan to vote in the midterm election when they don't want to try to win again i don't like i don't like alan. views on that but it will. mean that person that you can say what i believe in and not this now and that it seems like america has already decided what the key issue in the upcoming vote will be and it's not going

to be perceived the russian influence as some outlets would like you to believe it's going to be the donald but keep in mind he won't actually be anywhere on the ballot these are mid-term congressional elections but regardless the way american politics is developing it seems like the upcoming vote in november will be a referendum on one man he will mop and r.t. new york. former advisor to congressman ron paul says that the upcoming midterm election in the u.s. is basically bolder the big a referendum on. this election like most but this one especially this midterm elections upcoming in the united states is not going to be about ideas particularly going to be about policy there's a very anti intellectual mood in the country right now there's really three parties in the united states right now there's the trunk party there's. trump or non trump republicans would just sort of the remnants of the old jurist.