do u.s. dollar has being dropped as a reserve currency and so you have titanic shifts or 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 anybody has predicted this have predicted this 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 you going to

have a trickle down to the average person so you're suggesting the us empire is in terminal phase and that americans should rejoice they should embrace it let you go travel 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 fountain 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 will have to see what happens and seen what's happening although it's happening it's on its own not donkey kong.

a snake a donkey we got to take a break and when we come back we'll be continuing and this vein don't go away. seems wrong. just don't. get to shape our. culture. and engagement because the trail. find themselves worlds apart we choose to look for common ground.

some full complement. indigenous people as you know we need that. in the. trees. most politician says that only. came. out of a sudden the man just. told we heard jerry was. i said i will enter it in there they will not allow me. if they will shoot me. out all along a million million indeed i'm not i'm not even around you to be indicted because had been killed by the human on mankind that the guy made it look like i mean becoming our youth.

welcome back to the kaiser report i'm max geysers i'm not a terrorist to finish sched lock of miss talk dot com mish 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 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 soar and beans virtually crashed us in a mad dash actually added g.d.p. is that everyone was trying to export or sort of 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 soon 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 lot of oil 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 not garbage products but actually. tons of garbage and i'm 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 loman cheap solar panels for example let's study your spread of it who benefits from that work china is doing if that's really accurate is saying there 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 you can start building manufacturing capacity right here in america the u.s. 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 on the industries might come home and some of the jobs of have come back their jobs didn't come back with a nest that's the whole fallacy of this thing you know there's there's five million jobs manufacturing companies in the u.s. use your products is maybe a couple hundred thousand that actually produced steel where is the benefits of this to drive up the price of steel max there is no one right you mention nucor 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 why. 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 it's a net when or for the steel industry it's a net look if that i'm not even convinced of that but adding net loss to everybody else there's no there's 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 certain to come down with cancer i mean you know this this whole idea of outsourcing the toxic externalities as they're called for corporations 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 there be you know a better but parents. 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 can't eat or drink blunts. again who is the beneficiary of this it's not the chinese people and yes it's going to change interesting things 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 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 room you know he wants us to have i have an equal footing here with china but china is already there if you're going to be on equal footing with most of the rest of the world it's just not going to please trauma 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 car suresh to keep them from voting perhaps five dollars a wage is. what is your answer on that well you're going to be with me on this women vets this. was the real problem here that's what we need to step back and look at 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 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 not a 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 after going to this woman's. mary but you know she's running on a policy of zero zero must give away free education free kindergarten free healthcare medicare for all racks you know a policy can't work any time government yes and start slashing this money around the absence of war 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're 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 a 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 racks 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 bitcoin i would be perfectly happy with that max yes. we

do need to get central banks out of the picture let the people choose whatever currency 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 the 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 clean advocates out there would say that this is the free market and currency it is like

and it's ability to appeal to thugs who want turns he has to compete with each other in a free market and that has gained a lot of attraction and that sense converse the gold you would think based on what we're saying here that gold would catch a bed 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 an editable 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 now would they rather have a dollar back buy 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 and 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 the pin anyway we're out of time thanks for being on the kaiser report a pleasure to be on max 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. the philippine city of angeles when the us military moved out the six to us moved in. and now a whole generation of fatherless children is growing up here. a dad an opinion one month a couple simple than an eagle. eye but

a day in sudan like i said i know your. son in the heat the time you. sat is it the first time in the t.v. crew to see you or takes you for a no don't answer is wrong that no one that it's true or. that's it the better you want my god found it. a victory you can take to gilliver but you can't take a little girl such a woman you know. oh i love you like i did it you did it it. came. so what we've got to do is identify the threats that we have it's crazy confront

dacian let it be an arms race to move his arms off and spearing dramatic developments only personally i'm going to resist i don't see how that strategy will be successful very critical time to sit down and talk. to. exist says harlan kentucky. we've always moved them boys to the board rooms three families remain in. a co money city with almost no coal mines left. the jobs are gone all the coal mines have said that there was a lot of to see these people the survivors of disappearing before their eyes. i remember thinking when i was younger that if anything ever happened to the coal

mines here and that it would become a ghost town but i never thought in a million years i would see that and it's how it's happened. now. please. the rest some made it a right wing rally in the u.s. city of portland is with police attempting to provide clashes with leftists call to demonstrate its. means of democrats republicans campaign and local at the congressional elections we look at how both parties are using president trump's image to get their message across. also had lives thousands rally in these road. city of tel aviv you are such a controversial new law it seems discriminating against jewish citizens.

rather welcomed swotting international live from moscow and daniel who cleans review our thanks for joining us this hour we do start with breaking news though an attempted assault on a venezuelan president nicolas maduro was carried out during a speech marking the eighty first anniversary of the country's national guard. the. two explosions occurred at the event after which the live transmission of the speech was interrupted the blast came from drones filled with explosives seven venezuelan soldiers were injured in the attack president maduro was unharmed and has been evacuated now from the sea or to get further info let's cross live to gregory will

put toward co-founder of venezuela analysis dot com thanks for joining us good to have you with us today. what's going to be seen as a very brazen attempt on the visit one as well and president's life carried out obviously during a national event a lot of police a lot of military security presumably early to speculate of course just happened less than an hour ago but any ideas who could be behind potentially this attack. well of course it's very difficult to say i mean certainly there's opposition members who've had a long history of violence against the president and would be very interested and making eye getting rid of him so that's nothing new at all in that sense and the first time what's new is that it's directed against the president for the first time in the kind of in an attack that. did result in an explosion there could be conspiracies in the us that have always been discovered shortly

before they happened but there's a first time an actual explosion that happened right very close to the president and so that's that's what's really new about the fact that opposition sectors of the opposition want to get rid of the president by violence means that it's not new and there's certainly very radical sectors of the opposition that would want to do that whichever quarter this has come from of course the days to say an investigation will take place but what could be the motive here for this attempted assassination. well the hope would be probably on their part that the military would rise up against the president i would take that as an opportunity to organize a coup or overthrow the government i mean normally of course there is a vice president who would automatically take over if the president were killed so in that sense he actually institution of the presidency would not necessarily be affected but given the very difficult economic situation that's in this with those

currently and there was certainly hope mentioning that. sectors in the military would take advantage of this that to overthrow the president. what do you make of the use of drones in this attack i mean it's clearly quite well planned sophisticated to be able to get through what was proves presumably some very tight security surrounding the president. could that be any sort of a dick ation as to where this may have been plowed home or abroad mean clearly this this did take some time and sophistication to carry out. you know i mean of course we don't know yet what kind of drones and where but i mentioned if they were able to carry out you know several kilograms of explosives they must have been very strong very powerful drones not the kind you know that you are buying in that you know in an electronics store never to do it you know recordings so awesome must have been something more sophisticated than that i would mention and that would have been required some difficulties you know take smuggling them into the country

presumably so it's certainly a group that has the resources to do this. but it's it's i mean it's it's not very clear struck me about this struck me about this though is that in a sense it was kind of cowardly i would say i mean that's the fact that drones are remote control that it's very difficult to trace back to who actually did the attack i think that's something also about the sectors that were organizing those they obviously weren't sure that this would be successful and therefore didn't want to take any chances to get caught on like you know it could have been let's say as sniper or something like that would have been probably more usable easy to trace to the attacker than had grown its data all right gregory will co-founder of as well as dot com thanks for giving us your take today on those events in the capital caracas. well the first arrests have been made in portland oregon during a rally which was seen the right wing group patriot prayer faceoff against self

described fascist counter protesters police of all the crowds to disperse after some protesters threw rocks and bottles at the officers used flash bangs in an attempt to control the demonstration. i i i. i i i i i i. i. i i i i. already several injured as hundreds of demonstrators many of whom had vowed to bring their guns have gathered in waterfront park in the city center as mentioned others calling themselves and the fascist activists have also gathered for a counter protest is the third patriot prayer rally in portland this summer the previous two also descend into violence as its members clashed with police and

counter-demonstrators police say the extra security measures that have been set up this time include barricades and screening for illegal weapons. and this event comes ahead of the one year anniversary of the now infamous unite the right rally in charlottesville that event saw heavy clashes on one left wing demonstrator was killed by a white nationalist since then violence has regularly flared up between right wing and the fascist groups there word of warning of the following images.

that's right. american political call terrorist i'm calling us ted roll told us this rally was planned as a rematch of the shot at full protest there is is so much antagonism this is almost like a scheduled gang fight or a fight after school between our rivals and there's a lot unfortunately kind of a sense of bravado on both sides where there is you know it's a sense of rematch of charlottesville and i've been following twitter feeds and from portland and it looks like the as we've seen in charlottesville indeed other cities where these sort of events have occurred there seems to be more concerned

about the forces that the charter protesters in the all right even though the right usually starts provokes in the case of charlottesville where the by front it was from five hundred in fact one of them doing something there and there were many other people who were seriously hurt. by this more at stake for american voters in the upcoming midterm elections than simply choosing who they want in congress the votes considered. to be one of the most important in recent history because it could swing the republican majority but allows donald trump to live on his policies there's also the possibility that a democratic majority could make threats of his impeachment much more realistic that's why politicians from both sides a topping trump in campaigns ok to open as well 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 this is indorsed by president trump he's also an amazing dad ron loves playing the kids build the wall he reads the stories then mr trump said you're right you're right about that part and maybe america. now that just scientist 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 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. and what's the number one way and i will try him for the republicans.