course high colonic for your mind stacey max you know one thing we have been talking about quite often over the past few years is the fact that we have these all got police and monopolies in the u.s. for example advertising online something like ninety five percent of all new advertising online advertising went to either facebook or google so that competition is not there's not much competition in the u.s. now a lot of the new all the police and you know monopolies online tend to be silicon valley based california democrat so under the obama administration there was definitely no pushback against many argue that there were you know antitrust legislation could be used against some of the situation emerging there certainly amazon is something to look at but the louisiana attorney general is now saying he wants to break up google and facebook wow so this comes from astore who

of course we often refer to his tweets here because he covers this sort of antitrust and a competitive monopolistic behavior louisiana attorney general jeff landry would like to see google facebook and other major social media behave broken up like the federal government did to standard oil more than a century ago landry says that internet giants are suppressing conservative agendas stifling competition and infringing on trust laws also take a look at the breaking up of ma bell in the early one nine hundred eighty s. into the constituent seven baby bell yes now one thing about the baby bells spinoff from ma bell is that the stocks if you put them back and reconstruct them i think they've double triple quadruple so if they break up these companies look for the stock prices to double and triple i would say because right now they are probably trying to get a discount. some kind of break up but having said that so the idea that they're

stifling conservative voices or conservative jenna's they have too much power in the public marketplace of ideas is certainly worth considering i think probably what would be better is to encourage more competition and you would encourage more competition by getting rid of net neutrality with a net neutrality below where they position the bill by trying to swart competition or they can get rid of the laws that brought money into politics in a big way just a few years ago during the last election citizens united citizens united like those types of laws that stifled speech in front stifled competition in a huge way get rid of those laws first and you bring in more competition that's an easier way than trying to doing something here which is impossible because the managers of these companies own too many politicians breaking up ma bell did increase the market cap of all the seven same with standard oil by the way standard

oil was broken up and that is exxon chevron amoco which then became part of british petroleum so as you can see there are huge monopolistic sort of you know certainly. multinationals still to this day but in terms of having some choice and competition online it seems quite clear that our public square as we have said is twitter and facebook everybody goes to those dominate the whole sector and you know if if the likes of rachel maddow demand that all right wing voices that those are fascist those are illegitimate their concerns about what their conservative agenda is something that should be banned then twitter is obviously banning those people i mean i myself. don't believe much of the conservative agenda certainly not on social issues and i would particularly i mute the mice. self sometimes but you know i don't think

a corporation should be assigned the right to block anybody from accessing this but nevertheless mass solar when he posted this tweet saying yeah a louisiana attorney general republican going just met with jeff sessions the attorney general the united states just a few days ago there they're talking about looking into these social media companies for an antitrust legislation he said a lot of angry liberals saying he's doing this for the wrong reasons ok fine but democratic a.g.'s aren't presenting the alternatives on how to do this correctly they're just supporting the status quo one of the issues that i really like to point out as we head into a midterm and of course the twenty twenty elections is that so many democrats hillary clinton the chief amongst them member she talked about single payer health care as the pony that bernie sanders once was but everybody wants a pony everybody would love a pony but how do you feed the pony how do you take care of the pony you can't you

can't deliver these things well that's what happened in the twenty sixteen election is she said you know we can't get we can't modify these trade deals we can't change t.t. ip or t p p and we can't listen to the concerns of those who are about to lose their job in the auto sector or the manufacturing sector because we have to move forward we have to keep on moving forward and everybody can't keep their job well here you know it should be a democratic platform that's progressive is to break up monopolies and. you know trust bust these things right but point out the democrats are not socially liberal they are pro war and so are the republicans and the problem people have with trump is that he's pro peace and that's not acceptable in america today that runs except for against iran. you know the talk talk the walking the walk and you know you have to do it you have to do but he's actively going down the path

that hillary clinton clearly was going down i think that's why people voted against her and now that you bring up the war i want to turn to a headline that skipped forward to a headline because there is. in the past week despite after the basically congress passed the new budget so as deadline nears senate approved six hundred seventy four billion dollars defense budget bill with the fiscal year winding down senate lawmakers on tuesday advance a multi-agency appropriations deal that would prevent a government shutdown and give the defense department its full year budget on schedule for the first time and a decade or so is actually an increase they gave them more than the defense department had wanted six hundred seventy four billion dollars only seven senators voted against it or six of those were republicans and bernie sanders voted against it so all the democrats were happy even though they say the commander in chief is.

you know insane that there's something wrong with him that he's a threat to national security just gave him six hundred seventy four billion dollars for his army depose i spend the money i mean having in the bank and then spending it are two separate things but the the initiatives that come out of the white house to scale back on the military in the korean peninsula and scale back nato and scale back america's involved in the middle east politics suggests to me that they were prepping for a massive defunding of military operations as is inevitable inappropriate because there's no other way to address the debt the two koreas look like they're going to have peace and part of that peace deal is that the u.s. has to get out essentially so that could save a lot of money sure six hundred seventy four billion dollars could be a lot if you target it towards the engineers and and people in silicon valley who pretend that they don't that there are entrepreneurs and they've done it themselves

but. alas no interest curity we're going to rebuild roads and bridges in america from the pentagon budget and can do that and i expect that's what will happen in the second term of here again there's another story he touted right when he became president right around his inauguration jack ma the richest guy in china one of the richest guys in the world he said that he was going to bring one million jobs to america because he was you know it was a new era of you know more trade and globalization well alibaba will no longer bring one million jobs to the u.s. citing tariffs is founder and chairman jack ma says the chinese mega e-commerce company no longer has plans to create one million jobs in the us citing the ongoing trade conflict as the reason alibaba is retracting its promise to donald trump a new round of terrorists between the u.s. and china will make mutual trade more difficult. applying another two hundred billion dollars and of course china's retaliated in but they have less and less to retaliate against because the u.s.

doesn't. you know they don't import much from the us jack maas loss you know he had a chance to go to a low cost producer in the us but he was obviously pressured from above and going to pay more. for. well jack ma told chinese state run news outlet that the promise was based on the assumption that the u.s. and china would have rational trade relations which is no longer the case this promise was based on friendly us china partnership and rational trade relations the current situation has already ruined that there is no way to complete the promise now but we won't stop working hard to promote the house the development of china u.s. trade i think apple was exempt from a lot of those tariffs even though all their products are made in china when i was talking about the u.s. defense budget and that six hundred seventy four billion dollars it made me think of how national priorities work and how you decide to spend as a nation your your tax collection the government decides to spend their tax question and i thought of about because six hundred seventy four billion dollars is

more than medicare is about medicare and medicaid combined a little bit less but i looked at the u.k. and the n.h.s. budget there is one hundred and twenty four point seven billion pounds their defense budget is thirty five billion so what i'm saying is that in the u.s. imagine if they did the same as the u.k. three and a half times their defense budget they spend on their n.h.s. so here in the u.s. that would be two point two trillion dollars that we would have medicare for all essentially medicaid if we decided to use the same sort of metrics as how the u.k. and the citizens there decide how to allocate their their funds but here in the u.s. there is a huge resistance to having single payer most people if you go online if you look at the you tube comments below here they will fight you they will shout until they're blue in the face that. that system is communism is socialism we don't want

it but they don't shout and so they're blue in the face about the socialism that is a massive defense department spend most of that is welfare it's welfare for raytheon is welfare for lockheed martin as welfare for thousands of people who live in mansions in virginia as welfare for facebook it's welfare for google it's welfare for silicon valley and but they don't see it that way because those are a different class of people that they never get to see right because in the u.k. there's an entrenched and very hardened class war and so it becomes a subject for class war. debates in the u.s. you don't have that similar class war it's more of an ideological war and if you if you could make apples to apples comparison you could see clearly and you'd make a good intelligent rational choice but because the people in the u.k. are every single night on the b.b.c.

they're like little a carrot they're pulled along to to engage in class war and every single night america they are carrot called guns and gun and they're moved along like little lemmings toward the cliff in their own particular way so that i want to say you know it's like i said it's choices that you make europe is breaking out google and all these monopolies these online monopolies the u.s. has decided not to except for maybe this louisiana attorney general thank for louisiana go louisiana take a break when we come back much more coming your way. i

don't seem to. destroy are all shocked i don't think but they do think your blogs are also. seemed at times which included many users and in the united states i seem to very noid about your on the. us president donald trump took center stage at the united nations this week the middle east was very much on his mind particularly iran sitting in the general

assembly trumps words were simply laughable however what is happening in the middle east and beyond is anything but fun. welcome back to the kaiser report imus kaiser time matter it's artistic agoa dr michelle block of a stock dot com welcome back mash him pleasure to be back on a double segment here today very exciting celis unless it's ten year anniversary of the financial crisis now back in two thousand and eight that the big debate was inflation or deflation you and peter schiff they mostly debated this peter was taken the inflation argument you were taking the deflation argument ok looking back now ten years back how who was right how did it all happen to evolve well i was right i mean certainly he was predicting a crash of the dollar he thought china would do

a couple from the us economy neither of those two things happened actually the dollar ended up strengthening prices temporarily. negative but that wasn't my measure or. my measure was it was always. the balance sheets of banks were going to get crucified which is what happened and it drug the stock market down you know my definition of deflation is a decrease in money supply incredibly credit mark to market credit on the balance sheets of banks was was certainly crucified and then what kind of rectified it all was in two thousand and the credit came out and said ok we're just suspend mark to market accounting actually that's when the corporate bond market took off and it revived the stock market with it ok good good summary now let's talk about gold you

know content is to kind of sit there and bore everybody to death is a good sign is gold still in a bull market again where is it going from aired further down well it's delhomme or twenty percent so technically it's in a in a bear market is the question. where does it go from here now les i think peter schiff and i are aligned i think we're we're both expecting gold to go up and i think what's going to happen is we're going to see another credit bust this time it won't be in housing rather it's going to be in the corporate bond market. but it will impact our zing and it will impact the stock market the fed is going to do the young policy which we just discussed that is tremble bigger bubble than a blue before i believe i mean i can be wrong but i think schiff would say the same thing expects gold to do well when the fed steps on the gas the next time i saw the

fuse that was lit that blew up the market in two thousand i was a subprime crisis so the fuse this time that will be let the blood things out in your view will be a the cornered on market get all of the junk issuance we have far more of it now the cover line the coming to light the leveraged loans absolutely through the roof we've also got corporations borrowing money just to buy back shares of stock all bad who's max if you ask me now despite the boring price of gold russia and china can change to accumulate gold why are they stockpiling gold and is it a good lube by these two countries i think is a good move and contrast my gosh turkey trying to stabilize a they target larry sold gold by gosh that asked to and if they opposite of the last thing you want to do is get rid of your hard currency gold and and

to try and support something that is essentially unsupportable i don't have big news here is not to china and gold gold buying but rather how they might respond to more sanctions and tariffs from trauma care. talk about balance right exactly now let's talk about trade war with china continues to escalate last year on the record saying tabs are bad what do you think about the impact so far there's got to be a bulls some positive and some negative can you give us kind of a view the ambac so far ok it's benefited the steel manufacturers in its benefited a few others as the only one i can come up with a loan them i guess but it's all at the expense of either consumers or of purchasers who used steel imports it's been relatively minor and contained so far because it was first just on fifty billion and it was targeted to

just single sets of things trump has widened that. in response to the first part china reacted. and it is cut off agricultural imports. soybeans kidney beans things like that. have been punished i think he's going to lose the midterm elections because of tariffs also for political reasons here we have this kavanaugh fair will leave that aside but. trump is now threatening tariffs on all of chinese goods we discussed that in the first segment you know we're talking about significant price increases at wal-mart the main fear out of the u.s. might be how china retaliates this time it was a veiled threat that i think if you caught china came out and said where the

supplier of certain things and the u.s. doesn't have an easy manes of getting them or are they talking about max i am positive they are talking about rare earth elements these things are used in weapons. dems and extremely powerful magnets they're used in touchscreen phones specialized glass things that goes into airplanes i get a contacted boeing i asked him to quantify that. his belief was that he thinks that boeing and the airline manufacturer will be affected you can say how much he thinks that boeing keeps these things secret i don't know but we do know that these rare earths they're not actually all that rare max but china is the only producer of them why because they produce a lot of toxic sludge and other unsavory things when you're manufacturing these things so yeah another country could step up but we're talking about you know

a mine potentially three years down the road so there's no supply of these now what trump has done. and was suggestion and i agree with is they've driven china and russia two suspicious countries of each other a little bit closer together how much i don't know but russia is it turns out it is the world's major supplier of titanium so if trump gets you know puts really puts pressure on russia we can have a supply shortage of time titanium and rare earth elements there is going to be a lot of rubber carson's to that on the top of the ten fifteen twenty percent price increase on all goods coming from china di great pleasure now despite the fact that democrats believe top is a grave threat to the republic that congress voted ninety three to seven to approve a huge military budget your thoughts what's up with that max that's by thought it

shows both sides here are warmongers they know you pressure me over trump i voted for him i would vote for him again they. just happen to be. a free trade advocate i'm convinced that free trade is the right way regardless of what everybody does but the partisan politics here are such that typical any anything to try one student or grass or disagree with and vice versa so it is scary to strange there were ninety seven to three vote or was was i who i should be ninety three to seven vote. in favor of increasing. no warmongering matts what's up with that both sides are warmongers they don't want you to believe that but they are yeah let's get into some details on this so a link state department memo reveals a like pump a zero backed continued u.s.

involvement in the war on yemen because a cut off would undermine a two billion dollar deal to sell a hundred twenty thousand raytheon percentage of guided missiles to saudi arabia and the a if we so here's some details mess continue your honor roll we saw the same thing the the us backed allegedly moderate out kind of forces in syria you know it was some with that we had to strangest bedfellows here. all the things the man it one person dies in syria over what i believe are. false why again since. the us mainstream media goes cope only way i hate over there as yet we have u.s. bombings certified killing people with us weapons. and yemen everyone looks the other way where is there a balanced reporting there is none max let's talk

a kind of go back to china and trade war for a moment so a lot of people and i talk about that as they discuss currency war and of course what is often cited is china sitting on four trillion dollars of reserves etc so. would it how would that play out china would they drop the peg cetera what would a currency war how might that unfold if this trade war gets more heated the most likely thing in a currency war would probably be. china slowly devaluing their water and they came out the other day and they made some statement well we're not going to do this well they've already done it x. but the idea that they're going to just say oh all of these treasuries what are they going to do with them it's counterproductive remember one of the ways that they supported the war on during the. capital flight crisis was

they they actually sold us treasuries bought want to prop up the price of the watch if they did that again so treasuries and. the price of the water would rise which is counterproductive to what they want to do so i think they've got limited impact here in terms of a currency war or so interest rates also once again. treasury accumulation is a function of math china still runs this surplus with the united states as long as they're running a surplus they have to accumulate u.s. assets they're accumulating u.s. treasuries so i think. fears of a of this massive wave of sawing of treasuries overblown by china very much my slowly talk down the on which is exactly what i expect you know what

trade warrant if there is an occasion for reciprocal trade tariffs you know the problem is that china doesn't really import lots from the u.s. so is that a fair statement and what do you think about that absolutely it's a. fair statement. given that china is surplus with the u.s. is it is so massive they can actually only respond. about a third as much as what the u.s. can do you know on the truck and in ministration to do even more. china and further cut off access to u.s. corporations in china. they can increase their tariffs by a higher percentage than what the u.s. did but the real the real threat here is that cut off rare earth elements and supplies used in u.s. weapons systems glass so phones and no i i think that's the big retaliatory threat

at the moment miche actually and as usual thanks for being on the kaiser report pleasurably back on macs we got to do this again looking forward to it well that's going to do it for this edition of the kaiser report with me max kaiser and stacey everett i think i guess miss shedd luck dot com if you want to catch us on twitter it's guys report until next time by l. . tell him to imagine the decades of to the war a nazi don't it was still active. in the nineteen seventies cretonne had as the cheer of its bowed a man convicted of mesmo and slavery and auschwitz the german company good until it developed through the denied a drug that was promoted as completely safe even during pregnancy. terrible side effects what has happened to my baby is anything but. yeah she said yes' just.

minutes ago to mind victims who have to this day to receive no compensation they never apologized for the suffering that not only won't the money i want the revenge . both think you know we need to go back to invite all foreign forces out stuff. that's also the position of the government that's the mission do that because in any case even if there is a number of contingency they've got to go back one day to this to this country. and that it through the sky like he. said to get that. debt.

and that to the money at that one the money of the two we could. do it if it. did it and i think that is at the will it is how much of the island i think i've got a long time not a lot about how the now rolling starting summit but i don't get just a little. sick and not of them out so out of town a lot of the model people open. that without a doubt about it they have not see it as high as by the way to really. good that they do. things about the side i'm not it's.

about deep deep in the last and all of them when the little. you. know who do you think. that was. it was. parties video agency ruptly obtains footage of residents in couldn't his province in afghanistan protesting against the constant bombings by coalition and afghan forces. it's revealed that the terrorists who killed five people in last year's westminster bridge attack had been known to britain's intelligence agencies and considered a potential threat.