had to do with whether my financial support in any way influenced several political figures to take up my cause i want to say in the most forceful way i can i certainly hope so. right another legacy of the s.t.l. crisis was the beginning of the american oligarch class because remember of the hundreds of billions of dollars worth of busted banks those assets were put into the resolution trust corporation and then held by the government over a period of time and sold off sold off for pennies on the dollar to the likes of people like ron perlman who got that all tax free and developed into a billionaire and others who fed at the trough of the s. and l. fraud became the really the basis for the american oligarch class that's still was us today and plundering the economy john mccain was cleared by a senate investigation of course many in the media then said well can you really can you have senators investigate themselves that was all senators being tried most of them were three of them dropped out and no longer were senators after they

didn't run in the next election but john mccain so according to the article after nine hundred ninety nine the only member of the keating five remaining in the u.s. senate was john mccain who had an easier time gaining reelection in one thousand nine hundred two then he anticipated he survived the political scandal in part by becoming friendly with the political press so he became the bag man for wall street and he saw the two thousand and eight subprime crisis most famously you saw the enron collapse and john mccain and his republican cohorts like the bush family and others were very cozy with ken lay who financed the bush campaigns of the bush presidency and when they got caught committing massive fraud on the same scale as the savings and loan crisis the machinery was already in place thanks to john mccain who's a bag man for wall street for decades yeah to bail those guys out and make them whole at the expense. of the democracy slash economy of the united states which is

disintegrating but again i want to repeat that sentence because i really think it's quite shocking because it was quite shocking after his death the uniform her the like. assessment by the u.s. corporate media that he was this great hero and only a great hero and can't say anything negative about it he survived the political scandal in part by becoming friendly with the political press so he continued that all the way for the next twenty thirty years where he would have the press come to his house and he was a good guy he makes great hotdogs he has a great barbecue how can you possibly think anything negative about him we see the same thing on the financial corporate media here they're good friends with jamie diamond they're good friends with lloyd blankfein how can you be hard on these guys because they're good guys they invite you out to their home in the hamptons they are so charming they're great hosts how can you possibly really go too hard on them

like john mccain you should have done that and you could see that in the interviews that charles that chris hayes gives for eric holder versus our interview with eric holder eric holder was just recently interviewed on chris hayes this show and it was a softball question after softball question he tried to do wanted to little hard questions but quickly backed off and eric holder didn't give him a great answer oh i need to know about john mccain is that warren beatty was appalled or ok so here's a guy who is friendly with the press who is a media bore in other words it starts with w. john mccain who at his own funeral is playing hollywood games by having warren beatty as a pall bearer i mean i would have loved to have been the call to warren from his agent like warren we got a job laurie and apparently there they were very very old friends good friends but sure the other interesting thing was that john mccain's lawyer at the time was john dowd who then became trump's lawyer. are there all the actually there were

a few people that were involved back then the s. and l. crisis getting all these senators and everybody absolved the powerful people who did not go to prison at that time they had these lawyers that are still in power now but also the other legacy of john mccain is he was he was a war hawk despite what the media might have said they call it heroism and a great patriot and many people in the world might consider it a war hawk ism so i want to see like it does work obviously america is very powerful they have a huge army our dollar since one nine hundred seventy three by the way when the you know john mccain returned to america from a prisoner of war camp which was a horrific experience and he was horribly tortured but he returned in march of one nine hundred seventy three right about the time that. basically we had the petrodollar beginning of the petrodollar so we after forty years we have a lot of hubris and a lot of war hawks and neo cons demand that we use that as

a weapon so the dollar has been weaponized and that's the likes of john mccain and all the neo cons around him that we lead to this headline here from c n b c the anti dollar awakening could be ruder and sooner than most economists predict the united states is currently waging economic warfare against one tenth of the world's countries with cumulative population of nearly two billion people a combined gross domestic product of more than fifteen trillion dollars these include russia iran venezuela cuba sudan zimbabwe man maher the democratic republic of congo north korea and others on which washington has imposed sanctions over the years but also countries like china pakistan and turkey which are not under full sanctions but rather targets of other punitive economic measures. right the dollar is an instrument of war it's a been weaponized and weaponized and the empire that is the us is expanded and

controlled through the world's dependence on dollars to survive and that's to post world war two order to the legacy of the bretton woods agreement and this is what countries are now fighting to to get out of this constraint out of this choke hold of the dollar but it's a classic set up a first they came for the communist and i didn't say anything because blah blah blah so here they first they came for cuba and i didn't say anything because i wasn't communist are our country wasn't communist then they came for venezuela then they came for iran and then they are starting to use that weapon that power that hubris the emperor the empire gets less and less happy that you might betray them in any way so this is what we're at the point now where you know the u.s. has decided again to impose sanctions on iran and europe you better abide or we're going to sanction you and like you know those big icebergs break away from the

arctic or the antarctic and they float away it's like the rest the world is breaking away from the u.s. dollar has been frozen under the yoke of u.s. dollar germany and now it's breaking up we're going into and i have coined this phrase neo mercantilist you know i was the first to call this and he would just like i was the first to measure because in the twenty eleven i'm the first to mention the american toll ism in twenty seventeen and twenty eighteen we're going back to nineteenth century global economies again so i want to say that this is the sort of neo con hubris stick sort of what is called patriotism by some after john mccain stephan all the bits where he's for him but some could say it's called imperialism from the outside they might see it as very aggressive a neo con like and and are we here in christ report have warning to this. this is c.n.n. b.b.c. saying it and we've never even put that into context of just how much of the world economy is under sanctions by the u.s.

because from a us perspective each one of the economic entities is targeted for good reason be it human rights violations terrorism crime nuclear trade corruption are in the case of china unfair trade practices and intellectual property theft but in recent months it seems that america's unwavering commitment to fight all of the world's scorches has brought all of those governments and the wealthy individuals who support them to a critical mass joining forces to create a parallel financial system which would be out of reach of america's long arm should they succeed the impact on america's global posture would be transformational. absolutely but this is what they were on the cusp of a post u.s. dollar germany world and this is in transition right now and this is makes these the very exciting days that's what i'm saying is like john mccain yes he was a patriot is a great patriot fight fight yeah we're actually sizing our power but you can only exercise your power responsibly although why is it coming back john mccain lit the

fuse yeah on the death of the dollar yes especially and now his passing is coincidental with the dollar's passing essentially in the same twenty four month period john mccain and the u.s. dollar will both die when they could only exercise that power once or twice our guest jim records has said this as soon as they sanctioned people and cut them off swift that us had the ultimate authority to do that and as soon as they pulled the trigger they set in motion an alternative to it because the soon as you do that you have to have an alternative boom to take a break don't go away and be right back. good

politicians do something to. put themselves on the line. to get accepted or rejected. so when you want to be president. or somehow want to. have to go right to be close to slightly before three in the morning can't be good . i'm interested always in the waters of. this city. forman are sitting in a car when the fifth gets shot in the head. all four different versions of what. one of them is on the death row there's no way you could have done it there's no possible way because the list did

not shoot around a corner. so what we've got to do is identify the threats that we have it's crazy confrontation let it be an arms race. spearing dramatic development only closely i'm going to resist i don't see how that strategy will be successful very critical time to sit down and talk. welcome back to the kaiser report imax guys are time now to turn to allison macleod of gold money dot com full disclosure max as they say own shares a gold mining alister welcome back to the kaiser report hello max all right so

let's talk about trump the markets are responding incredibly well moving up new all time highs is it a melt up is there a what's going on here we're going to see a meltdown what's your what is what are your thoughts alister. looks like a bit of a bell start really over what's so interesting in this max is that everybody's been so bearish about everything ever since the lehman crisis this is still trying to talk the market down and you the market is up and open up this to me is as irrational as the run in the u.s. stock market between one nine hundred twenty eight nine hundred twenty nine but we're still going up in my view all right let's talk a little bit about the difference of pain stocks and bonds here for a second because interest rates are going up and as a result bonds are going down and however in that kind of environment you usually see stocks also go down is it how much is driven by the stock buybacks alister i

mean if got like the swiss national bank buying apple stock you've got apple buying its own stock i've got all these major corporations buying back their own stock adjusted for all the stock buyback stocks are trading at thirty thirty five times earnings which would be all time highs is not a big factor well i think we almost ignore that i mean the fact is there is so much money to run i mean so much money was printed in the wake of the lehman crisis not only in america but also also in europe as you go to school is cash running around i mean you've got so much money on deposit it's going to try and find a home to get some sort of return i don't quite almost if you go to yield of say. one percent on. a ten year job and bought. you know u.s. treasuries look attractive could go to that little bit of a digression air so i just saw folks now in germany of course they have negative

interest rates and now the big german banks are starting to charge customers fees for holding their cash as a way to offset what they're being charged by the central banks are negative interest rates are now hitting deposit accounts i would think this would be an actual environment for gold alison mccleod else talk about gold for a second ninety thousand contracts are short gold futures shorts over ninety thousand contracts put this into context for us and what does it mean well if you're bullish about the dollar and i would argue that everybody nearly everybody has been buying the dollar recently and you sell everything including your own grandmother in order to buy it and that's basically what they've been doing they've been selling car they've been selling car says they've been selling gold they've been selling so i literally every thing they can possibly find to sell they sell in order to buy dollars and that is why. to go price gone down and as you say the next

short position amongst the hedge funds is not precedented ninety thousand contracts we have never seen anything like this before so you know will you correct course it will because this is the dollar stocks going up and go stocks going done and you don't get a better squeeze and already we have seen dance in the price go from around about sixty currently is trading about twelve ten so you know we're getting this technical squeeze and i think that that squeeze can only get far more vicious against us right you know you've got same situation over and total global output of silver or something like seven hundred fifty million ounces and yet the short position with naked shorts these are on collateralized short positions just printed by wall street to make free money is.