he says he will take over the top of the hour with more updates a first a well known t. international is the cause of of course. what politicians do so. they put themselves on the line. to get accepted or rejected. so when you want to express an interest. or something want. to try to be

close to see what it looks like for you the more people are. interested in the waters of. the city. hello america cause or this is the kaiser report yeah i've already scraped the marshmallows off the sweet potatoes you're too late. as i said. i think you're referring to the fact that it's thanksgiving and you know what a lot of those fangs shares you know the facebook our people alphabet netflix google well they have

a lot to be thankful for of course their stock prices aren't doing so well so the shareholders might not be thankful but the companies themselves have a lot to be thankful for in that how well they can play the american people thanks to having. one of the two parties in a two party system and sort of all about the lay of power be basically cover for them so we saw amazon in that spectacle. of them pretending that they were looking for h q two and getting two hundred thirty cities across america and some in canada to give them all sorts of you know proprietary information that nobody has access to about like how many people live there what sort of income they have how many people are in the house all sorts of information like that. when it was always going to be jeff bezos determining where he was going to be closest to power financial power in new york city and political power in d.c.

and in particular next to the pentagon and the cia so you know he was always going to make those decisions but in the meantime he was able to extract way more subsidies from the voters from the taxpayers of new york and virginia but i want to point to this one tweet that might be sent out in reference to an article he wrote about this you know sure rod this charade of. the so-called competition for h q two and that is that. he tweeted about writing an article for a long stone and what he found was that one legislator i spoke with said amazon avoids criticism it would normally get for hoarding power tax breaks and market share because it exudes a quote facade of progressivism that exudes a facade as part of the so that's basically all they need is a facade that's not even. genuine progressivism because we know they don't have

genuine progressivism because all you have to do is look at the fact that their employees make some of the lowest across the united states in terms of being under fifteen dollars an hour they've increased it since it was exposed but they also have to use the toilet basically in a bottle on the factory floor you know in the warehouse floor you know these sort of things are very unprogressive but somehow they. managed to exude and that's enough exude a facade of progressivism and we're ok with whatever they do of course it helps to exude that facade by donating a lot of money to certain candidates that's true so the extraction of data though i think that's an enormously interesting story because they are a marketing company and they were able to extract the dumpster full of data from all these different cities that will then enable them to be more effective marketers so all those marketing sela taishan emails and posters in marketing and

commercials they'll be geared toward more specifically toward the people that they've just been able to capture thanks to the complicity of these miscible governments especially. in ai artificial intelligence machine to your marketing we know china is way ahead of this area but given that amazon amazon competes with alibaba bob and amazon are kind of like carving up the world at this point in terms of commerce. and i think amazon already has a significant portion of all u.s. commerce something approaching twenty percent i guess their goal is to get fifty percent of all commerce in america would be amazon commerce and they need artificial intelligence to do that in artificial intelligence needs data to run effectively so jeff bezos put the call out to all these cities and they said we may come to your town just give us all the data on all the people living in your town and will dump it into our computers and our ai systems and by the way you don't get

anything and we did go to new york city and they gave us a couple of billion dollars or two and a half billion dollars of subsidies we're not even to fix up to the subway system at all right going to add in any kind of penny to infrastructure like san francisco open deaf occasion on the street billionaires living in ivory towers this will be now queens is the new san francisco they'll be open deaf occasion everywhere probably within another year or two but they'll have hella pads on top of the city court building now the amazon building flying in and out of queens and every piece of real estate from going west toward the hudson yards on fifty seventh street i believe will be jacked up in price two or three times the real estate moguls make billions of dollars jeff bezos spent billion dollars washington operetta checks make millions of dollars but the wages will go up and the old couple ization of the economy will continue unabated i believe hudson yards is over more near between thirtieth and thirty seventh street because it's right across from madison square gardens where you and i have walked in yards

a few times so there's that but also there's the fact that amazon has. a some sort of contract with the n.s.a. and cia and we of course with national security we're not allowed to know what they actually provide for them what sort of cloud services and what sort of access to data amazon so tired that with sort of information on a deep deep deep level that the government is allowed to collect on you but now amazon has access to that information and the other story is facebook another progressive story remember sheryl sandberg was going to be hillary clinton's treasury secretary she was in line to be the treasury secretary for hillary clinton and now we learn that during the course of the aftermath of two thousand and sixteen what emerged is that well quite scary story facebook fires consultants following damning new york times reports that basically all summed it up this way is that the company facebook sheryl sandberg in particular hired

a republican group republican allied opposition group to basically dig up dirt on their enemies and the enemies were people like matt stoller and people who were antitrust activists who were looking at these monopolies like facebook and and google and collecting data on us and what they did is first of all they got this republican linked group to smear them as being soros which is the classic. you know anti-semitic thing a lot of anti semites will always link everything to soros because he's the one well known politically active jewish financier and billionaire but the other thing is they also convinced that anti-defamation league apparently according to this new york times piece to smear them as well as anti semites and they

themselves are jewish but so it's like a really weird story but dark arts and like machiavellian and sort of you know here we are fighting about. and pointing way overseas that that person over there are living seven thousand miles away in the meantime our progressive facade companies all these companies with the facade of a progressive agenda this is like well this is like east germany right this is like stasi sort of stuff you know it is. and the whole notion of progress of politics though in america baffles me i hear that term and i don't see any progressive politics or a left wing politic not on a national level i don't think i think you see it on some state and local levels certainly in the last elections you saw a lot of local things like in nashville or the fact that they got the jim crow laws

overturned you know in florida and some in louisiana and stuff like that so you see some fights locally but on a national level no way you don't see any sort of progressive politics and facebook and amazon are multi hundred billion dollars behave myths that are arrival of the power of any state in the united states and that in many countries and i don't equate them in any way with progressiveness progressive policies i don't even know i guess the facade the charade that you're talking about there is how they're talked about in publications like the new york times i guess the new york times would give them a pass they'd give facebook and amazon a pass and they would describe not in those terms of being time radical right because they're based in san francisco simply because the people of san francisco they have that hippie past they have the the peace and love sort of pass and it

still taints our image of who lives in san francisco when the fact is it's one of the biggest centers of darpa funding and state power tied with corporate power the group that facebook hired was called the finers and the times found the definers aim to undermine the activists from that group i mentioned by circulating your research document connecting their work to george soros a liberal financier maligned by conservatives criticisms of soros who is jewish often echo longstanding anti-semitic conspiracy. is about jewish financier's shaping world events the intention was to demonstrate that it was not simply a spontaneous grassroots campaign as it claimed was supported by a well known critic of our company the facebook statement as a result of this article pointed out to suggest that this was antisemitic attack is reprehensible and untrue but of course that makes you doubt any of these stories where so many there are like all these weird anti soros groups and. any

billionaire intervening in politics or funding politics should be examined but the fact that there are these weird anti sorest and soros soros sorceress gets mentioned all the time you wonder like how much of this are actually astroturf trying to discredit a group of the explore that a little bit so yeah i hear you this anti soros mean gets thrown around a lot now it does facebook story we're finding out that a huge corporation was engaged in smearing soros yes using soros his name to smear an activist group progressive activist group who were against their monopoly power right this is. on believe a bowl in terms of soros name gets dropped often and also in the same breath as globalization yes anti-globalization now is being equated as

anti-semite yes for the same using the same astroturfing so makes your question because if just doing this who like is any of this like how are you to assess these genuine progressive groups it is the progressive groups for example r r t's covering progressive policies for example progressive groups like black lives matter or no access dakota access pipeline that like that was can that was smeared as somehow a russian conspiracy so like it makes you question like what's really going on and this notion of fake news the fact that facebook is now in charge for example we've empowered them and many democrats and rachel maddow certainly led the charge to give facebook the power to determine what is fake news going forward and they've handed that responsibility to the atlantic council which is funded by nato so it

does makes you feel a little bit queasy on this thanksgiving day to think like who like maybe all this information just to just be out there and everybody gets to determine what is fake news but it's pretty eerie and scary i think that facebook was basically. astroturfing in sending out these weird anti-semitic means themselves and so one going there are some kind of investigations going on are. there well the democrats are now in power in congress so be congress the house of representatives who is who would start any sort of investigation and they're pretty unlikely to do that because their power their source of funding their unique you know while goes to republicans tech goes to democrats so there are likely to want to upset mark zuckerberg or sheryl sandberg she was almost treasury secretary so like. you know as all house of cards the facade of progressivism sounds like

a good recipe for dessert well cranberry sauce and maybe. some marshmallows on marshalls while we're back after the break down go away. cracking gave americans a lot of job opportunities i needed to come up here to make some money like me twenty five thousand dollars as a teacher or i could make fifty thousand dollars a year truck so i chose to truck people rushed to a small town in north dakota was among the rate of zero percent like gold rush is very very similar to. this beautiful story ended with pollution and devastation

a lot of people have left here i don't know too many people here anymore slow down so much they lost their jobs got laid off the american dream is changing that's not what it used to be. it's a tough reality to deal. welcome back to the kaiser report imax kaiser time to return to our conversation with tyler janks of hyper away of time the welcome back thank you very much max. let us continue our conversation about markets macroeconomics gold that going so as we noted in the previous discussion this ten year bond seems to be rolling over which implies rising interest rate for an extended period of time a secular move where rates go up year after year something we haven't seen in

thirty seven years i think you could say two generations of money managers of come and gone they've never experienced this and there are people born in america who have no idea what this means is going to be quite a shock to them but a corollary to this as i understand it curious what your thoughts are is that pretty much everything is hammered stocks oil gold bitcoin it seems like everything except the dollar of the u.s. dollar for the first seeable future is going to get demolished. i think i think that's correct but it will be a rolling correction the way almost all of them are we started with mortgages in zero six zero seven but then it rolled into everything obviously real estate then the stock market after that and assets in commodities in general and people moved to cash. institutions moved to cash certain institutions cannot move to cash

a pension fund by law under risk has to be sixty percent basically in stocks and forty percent in bombs that's all being reworked because of your observation about what interest rates are doing now but it's in the process so we need to hope. that interest rates continue to climb. which that chart indicates they are going to do but we don't want them to climb too quickly as long as they climb slowly from three percent up to four from four to five we will be able to continue growth and keep the game going but you lose control the fed loses control one of the other things we talked about in the first segment was people have a feeling about the federal reserve that they are in control they are not they are never in control and firmness first i like to say can ever taper a ponzi scheme well understand seven years is a ponzi scheme ponzi finance especially native interest rates are very definition

of ponzi finance so if you can't taper apologies came near hope and wish of a gradual increase in rates over time seems unlikely because the. the shock to the system and the the pockets of mal investment in the pockets of. bad one of the scenarios you pointed out the last segment about basically default that's going to be a real problem you're going to find love with a student loan bubble over a trillion and a half dollars worth pops and that's not something the system can absorb you know they're talking about general electric being the next lehman brothers that's not something the system can absorb in an orderly fashion you're talking about an orderly move toward a higher rates how probable is that not very it is not probable when all the four things that i suggested are the only way out of this mess none of them are good even bitcoin the problem with big queen being

a solution is it's too new and no one except it so we need time for that acceptance to take place but just think what that means for the macro economic picture and the world in general if bitcoin becomes the standard ten years from now twenty years from now thirty years from now. what does it mean for all the other financial institutions what kind of displacements are going to take place who's going to lose there will be somebody on the losing side and it will be individuals it will be people that are playing in the game that have no bitcoins all of a sudden they've got cash that's becoming more and more worthless as inflation goes up faster and faster so it is a solution and it's the one that i prefer but it has very negative consequences but not as negative as the other three the other three. fingers that's that's what it is it's. ok well let's get into your main body of work which i guess you

could say is hyper wave yes ok so hyper wave and you've teamed up i think it's fair to say with tell inveighs yes a friend of ours went on the show a few times he's made a mark for himself with technical analysis a big point and did so in a way that fact that a large audience and i think he's got a a wall street background and then his work came across your desk and your you know large institutional institutional money manager kind of veteran in this business and i think you are suitably impressed with what you saw there so you guys of have teamed up to. i would say. present your. technical analysis ok this is we've been talking macroeconomic yes this is technical analysis so technical analysis just for a brief primer you're looking purely of price action and you could look at

a chart and not know what the company or the commodity or anything about it just looking at the chart informs you about future price direction and what i know about technical analysis and going back to a lot of study i did with robert practice or the one nine hundred eighty s. just how markets are reflections of the human psyche and. i college and as humans we tend to repeat ourselves over and over again and this is reflected in fear and greed prices so here in the hyper wave chart you've got the seven. legs seven pieces of it of a hyper away right ok this is for anyone who knows elliot wave theory or bop rector's work i think it is fair to say it's a cousin a kissing cousin you are great also what hearing the similarity right but you've done some additional work on it and so now it's kind of changing gears to technical analysis so we know that fundamentally bonds are. bad shape technically they're

also bad say but applying a technical analysis tell us what you see with bitcoin and gold but let's start with just talk about because it's great the thing about wave theory is it is looking for major shifts in macro economics and when that occurs going back one hundred years you get a hyper wave we had one back in from one thousand zero eight until one nine hundred twenty two we had phase one of the hyper wave from one nine hundred twenty two through one nine hundred twenty nine we had phases two three and four which are the big upswings that you get with a bob so we've got an illustration right there to the illustration of the shows up on camera it might well it might not but the van away over here. one is one thousand nine hundred to one thousand nine hundred twenty two and two three and four take you up to one nine hundred twenty nine in the crash and then you go through a period where you fall which is five that took us to nine hundred thirty three

a period you go back up again which back then was one nine hundred thirty seven that's peak six and then you go down for a long time and this is a also you could say this is a result of the fed because the fed was created and i know there's no question. in most of these hyper waves so that was the first big win that i found but right in the middle of all that we have one thousand nine hundred four towards the end of the war and that's bretton woods and then we begin another series of hyper waves why because the world order the macro economic scheme of things changed in one thousand nine hundred sixty yes we started a restart and now you've got to shift and some people will. have a great advantage the u.s. did after bretton woods and we had a huge bull market that ran from one nine hundred fifty three one thousand nine hundred sixty five and then we started another hyper wave because from one thousand nine hundred sixty five to one thousand nine hundred two the. stock market did not

go up the dow jones industrial average just as it did from one thousand nine hundred eight to one nine hundred twenty two didn't go up one thousand nine hundred twenty two it couldn't get above one hundred thousand nine hundred sixty five in one thousand nine hundred two it couldn't get above one thousand but once you do break above those levels thanks to paul volcker at the end of one thousand nine hundred ninety eighty eighty one in eighty two he puts us in a recession but he kills inflation and what does that start the next hyper wave up so it's actual macro economic shifts that cause these things the difference between this and elliott wave or any other technical system is these only occur very very rarely let's cut to the chest as they have about cement ok bottom line as you see it because i'm in it heading the lower to talk about that let me get my vomit bag ready sorry but i have my air sickness bag i have it in a somewhere but continue tyler well i hate to be the bearer of bad news but hyper ways have got three or four great periods that can last ten twenty years to the

upside just as we saw with the credit chart but then you paid the piper bitcoin for the first eight years was in a phase one of a hyper wave where it couldn't get above a thousand then it broke out above it and went through phases two three and four up to almost twenty thousand but then it ended the good times and and then we went into a crash that then resulted in a pop back from about eight thousand to seventeen thousand and we've been going down in what's called a phase in the last terminal phase ever since as of yesterday we've broken down through the last. bastion of hope until we get back down to one thousand dollars which is the beginning point of the hyper wave i believe what will happen at that point is we won't see anymore all we want to see anymore i c o o's there will only be bitcoin stand in and it will be. for the next hyper wave

up after that so i am a bit coin maximalist i believe it is the solution to the credit problem but not yet right and just to repeat so your work i guess is being kind of channeled through time at this point right so you and is a good friend of it's of ours so that's kind of were your work is accessible you're kind dealing more in the institutional side no longer for the last ten years i've basically been retired until big coin brought me back right i do manage money for individuals and lead walden i are partners in something called lucid funds dot com which is our website and we teach we teach about not only technical analysis but the macro picture where we are and what to do and people pay is for that teach right fair enough ok so i'm going to wrap it up here. but

i have yet to get to take it to the next step i love to but i think we've got a good foundation here great where this can can all go that's going to thanks for being the cause report i loved it thank you already i'm not going to do it for this edition of the kaiser report with me my scousers to see who would like to thank our guest tyler jenks high profile want to catch us on twitter at kaiser reports and i stand by oh. nobody could see coming. confessions would be profiled in the spoke english the full search. any interrogation what you'll see is probably a threat probably spread while i live the process of interrogation is designed to put people in just that frame of mind make the most comfortable make them want to get out and don't take no for an. i don't accept their denials she said if i were

to. say i stayed there i would be home by that time the next day there's a culture on accountability and police officers know that they can engage in misconduct that has nothing to do with all their crime. the russian military deteriorated terribly at the end of the soviet union and russia was always going to rebuild its military the question is how can we the united states and russia construct a relationship where we are both confident that all of the intention sore more confident of the intentions of the other so that we're not worried it's not that we shouldn't. but we should make sure that our counterparts understand why we have it

and when and where we would use. subscribe to rub people some good already counted for just twelve euros fifty per month. david adams these are all used the words of the cards for him differently and there's a chance they may have been prevented and we we agree with i. think is appointed to m i five in u.k. haymow face software governments reports to tell security failures they could have prevented a string of terror attacks that works great britain.