tv Boom Bust RT August 16, 2018 8:30pm-9:01pm EDT
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to pardon some political rallies handed out political leaflets and made a few trips outside the city to learn how to use firearms they even wrote a manifesto in case of an uprising or revolutionary activities that receive broad public support the organization aims to take part in those actions to the extent of its resources in march ten members of the organization were arrested their defense team claims the idea to create a fool scale movement with its own office program and even a noun blam belongs to an f.a.a. speedy agent who under the name bruce lundy and filtrated the group of the youngsters and courage their i.d.'s and effectively create as a reason for their own arrest the detainees say that he was the one who paid most of the money to rent a place where they gathered and plan to buy firearms and now there are two alleged members one of them an acting policeman claimed they only joined the group in order to turn them over to the authorities all of them are witnesses for the prosecution
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and the case. of a bit of the law which you regulates intelligence gathering activities in russia forbids pleas from provoking someone to commit a crime the person under the name. is a provocateur he carried out a provocation against children he did what he could to create this organization and make sure it looked the way he wanted. this is an unsanctioned so-called mothers march which hit the streets of the russian capital on wednesday people gathered to demand to the authorities transfer of the detainees to house arrest considering their young ages one of the detainees was just seventeen at the time of her arrest and the group's online chats she wrote that she was interested to learn how to throw molotov cocktails and claim to have known someone who could supply weapons guys i've remembered some connections there's a dude in a desk who train. weapons in ukraine i want to get in touch with him it's
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a sure thing he knows people from my don maybe they can advise something what do you think since being jailed and as hal has reportedly worsened she cries throughout the court hearings which was being driven in a cold prison van for all hours it was minus eleven outside she was interrogated for many hours with no psychologist own lawyer present she was treated like a seasoned criminal they made her cry how can a seventeen year old withstand this. is found guilty they face up to ten years and present i do not question r.t. moscow. has been with us tonight it's always good to have you company will be back with more news for you in half an.
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alaska as this is a cause report. i feel like johnny cash so many times in my life that was just one of them anyway enough about johnny cash let's talk with stacey max you know it was in this white house here in one nine hundred seventy one whereby president nixon before he was impeached to take the united states off the gold standard and thus the entire world off the gold standard and we were on a total fiat's currency standard and we have now reached the you know the basically chaos that he sowed at that point in time forty fifty years
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later we're now seeing these huge trade imbalances but we're also seeing what happens when our time preference has shifted and we became an ultra consumer society we don't create that much wealth and a lot of people actually you see are unhappy they would rather create wealth they would rather have meaningful existence and i think that's part of why we have the opioid addiction and all that sort of stuff but that's for another episode so i want to talk about the fear at money this is men with the guns are sent by the people in these buildings as paul krugman would say the men with guns back are fear but here's a cartoon somebody named peyton sterling did and that's max keiser and the lying because it's not a bubble big corn is a pin it looks like pepe max kaiser elegant is right well done that's your left thing alone i only like you that's great for them over christmas as a stocking stuffer you can get one of these dolls and be the envy of your entire
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family and that's not your neighborhood you know thirty seventy one it's another legacy the vietnam war is a talk about morrell the collapse of morality in the nixon had to start paying for that war and got us all to go senate to expand the credit credit expansion to buy more guns to fill the what eisenhower warned us about the military industrial complex so since then we've of course had hyper financialization and the cation of all. the assets of america and this is why we've seen rapidly escalating in the past two decades especially the cost for health care the cost for education the cost for many things houses things that used to be within the reach of an ordinary worker and i can remember back in the one nine hundred seventy s. i mean my mom after my dad passed away was a single mother and she was able to buy a house go to university with three kids and still like how imagine a twenty four year old woman being able to do that today no it's not possible
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because of the high profile until ization and all the credit and debt has driven up the cost of all these things and yet wages have not risen so i want to turn to a tweet that i. i made reference to a wall street journal article and they were saying that the u.s. will soon spend close to twenty percent of g.d.p. on health twenty percent of g.d.p. and health i said you know what we are high deductible health insurance policy masquerading as a country it's a hospital disguised as a cannot even that like a hospital at least like if you're dying they're going to fix soon they're going to like give you resuscitation and put some also some machines in new there might be some use there but this is a high deductible health insurance policy it's just a piece of paper that comes with a lot of other paper every single time you visit the doctor you get thirty forty pieces of paper to explain what happened and whether or not the going to pay and how much it could have cost and blah blah blah but here it's just
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a piece of paper that financialization as a piece of credit that you might possibly have so it's a high deductible health insurance policy masquerading as a country as a result of hyper financialization that goes back to nine hundred seventy one and the closing of the gold window in the absence of hard money in our economy and it's only getting worse and twenty percent of g.d.p. for this type of behavior health care is a shame you know it's i'm an embarrassment it's a juror a vote on the vital resources of the country when you have a. all that capacity going into something that's completely unproductive of course it was dick cheney who said that russia was a gas station masquerading as a country and i think it's something like twelve to fifteen percent of russian g.d.p. is gas and oil so there is a problem when any sector becomes too powerful and what happens especially in an economy like this is lobbyists and how that power begets more power that concentration of wealth begets more power and
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a worse situation so why we're going to get to twenty percent if we get to twenty percent of our g.d.p. to health care the health insurance industry it's going to get to twenty five percent and thirty percent they strangle the rest of the economy health care has become a larger part of the economy creating powerful constituencies resistant to changing the way the system operates the health care industry over took the retail sector as the nation's largest employer in december giving local economies and their workers a stake in the industries growth health jobs surpassed manufacturing jobs in two thousand and eight and these are not productive jobs sure they save you from maybe dying but they are not productive jobs are not adding to the wealth of the nation the number of doctors as a going up the number of bureaucrats is going up the bureaucrat numbers for every doctor used to be maybe one or two bureaucrats product or now it's ten to fifteen bureaucrats production and these bureaucrats just push paper around like they push
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for x. money around to make fees on for x. exchanges no reason for a four x. exchange if you have some global money like gold or big going there's no need for this insurance industry to push all this paper around if you had a health policy that was commensurate with the health needs but since you have on set or irresponsible lobbyist accessing unlimited credit from an irresponsible federal reserve bank you have a infinite regress that you saw with money starting in the one nine hundred seventy s. . and now insurance companies selling insurance on insurance contracts on insurance contracts on insurance contracts but another bureaucrat and another bureaucrat is infinite regress taking the country down a slippery slope into a mommy asthma of third world status highest infant death mortality rate of any industrialized nation they had america they have that all that data on this wall street journal article but we're going to talk about the role of the us dollar and the sort of debt based system that enables
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a sort of system because this is pure decadence this is really kind of a gruesome situation where it's not even like it's covering everybody like it's not like europe where they're paying something like eight or nine percent of their economies our health care but everybody gets treated here it's like this weird gruesome thing and now it's you know exactly what they point to their jobs so you're never going to get rid of it because in say well you get rid you lose jobs same with california where you have this powerful prisons and all those thirty three strikes you're out you stole that piece of pizza well that's your third strike and you know what you go to prison for forty five years and no possibility of parole to a twenty year old guy and they have situations like that in california and their populations willing to spend forty five thousand dollars a year for the next sixty years to incarcerate as a twenty year old because they stole piece of pizza well this is the tragedy of money versus hard money that people will continue in a job being paid money that loses purchasing power every year the u.s.
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dollar losing over ninety eight percent of its purchasing power instead of taking a breath taking a step back and demanding sound money as it's stipulated in the u.s. constitution not to demand hard money or some money for wages is to be centrally dictating any kind of connection to the constitution of the united states you're not even living in america at the point you're living in some backwater i just. if we did have a different sort of global financial system and trading system that we probably wouldn't waste our money on these sort of things and i don't think it's very healthy to spend so much of it seems like we're a very unhealthy society of course like we have as you mentioned in from mortality rates and there the mortality rate itself for adults is also increasing so it seems like probably it's a cause and effect there i don't know but i also want to look at this other chart your from wall street the revenues of health care companies represented nearly
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sixteen percent of the total revenues of firms in the s. and p. five hundred last year which is up from four percent in one thousand nine hundred four when you were working on wall street so that's up four fold that's what it looks like on a chart form. since one thousand nine hundred four goldman sachs at this point could take cancer public as a place i just gave them when i was an i.p.o. they would say we're going to half a billion dollars taken in a syndicate put it together we're taken cancer public and we're going to make sure that everyone gets cancer in america in the next two years and these stupid idiots in america would vote for that they'd buy it they support it they lend money or not that it's us people have been confused because they think there's free money and they think they're so that the government demonstrated that when they bailed out banks they looks like a magic act it looks like something magical has happened and these banks are rescued and look this is like paul krugman is right on sorry to say call people
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stupid but what happens in the money begets food it begets a lot of junk thinking fake news it is the result of sake money you know price precedes news if you have hard money you have hard prices and hard news when you have fake prices and fake money you have fake news and with that's another consequence of having junk money junk food and that means that people by definition are stupid their i choose or dropping lie. iraq i don't know about their i.q. because that's one thing but they're perhaps understanding of the world when you mention hard news of course you think of the vietnam war and all the great journalists of that day who were willing to confront power power with the truth and that doesn't happen anymore and that definitely i know of no that they feel like c.n.n.'s jim acosta who's in the you know press pool at the white house he gets his lipstick smeared one day and starts crying uncontrollably on primetime t.v. and wants a bailout from the government i mean think of all the reporters during the vietnam
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war who are puking when they see a jim acosta in the white house press and then look we haven like a like a little you know i went fine i want to i want to quickly say the stock market is shrinking that's a problem for everyone the american stock market has been shrinking it's been happening in slow motion so slow you may not even have noticed that by now the change is a mistake a bull market is half the size of its mid one nine hundred ninety s. peak and twenty five percent smaller than it was in one thousand nine hundred seventy six we've lost our always ends of company reporting on it yet america is being taken private with all that state money so this is a problem because this is the wealth of the nation what i'm saying is like there are fewer ways to even participate and it's only the top two hundred companies and by the way of the s. and p. five hundred who are of the thousands of companies actually listed that are earning any money every single one outside the two hundred in general they're losing money this is the new road to feudalism speaking of the road to feudalism and big name economists and even bigger name bigger economists like say fifteen. is going to be
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