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tv   Keiser Report  RT  November 27, 2018 7:30am-8:01am EST

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tries to get cash because a lot of people hold their cash and dollars the inability of any single asset class to escape the dismal black hole super gravity of devastating losses and a brutal post catharsis that has mutated into an equal opportunity route crushing returns across all assets have left investors reeling shell shocked and paralyzed and dreading what may come tomorrow let alone next year when both the us economy and corporate earnings are expected to see their supercharged recent growth rates come crashing back down to earth now well i mean this is a set up for a four and a resumption of the bond ball market engineered by central banks so the question is are central banks prepared to let the credit market collapse or are they going to do q.e. for now with the recent rate rises there's room now for two a four so they would come in and they would revert views reverse q t or quantitative tightening and they'll engineer another bond market rally i mean that i think best i think that's what they'll do and you'll see everything risk will be
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back on but they have to let people panic to a point where it becomes a political issue and to avoid the political issue i read the writing in the streets they'll give the masses the bread and circuses that they always demand which in the modern times made money printing and will continue they'll open the spigots in a big way once again my feeling is that the markets are pricing in that the fed will raise rates this month december and also that at the end of the day compared to two thousand and then two thousand and eight. most ordinary americans and most ordinary people throughout europe in the rest of the world have not participated in this rally and two thousand and eight was all about subprime and subprime didn't go to the top one percent it went to the bottom ninety nine percent all the subprime loans and all that evaporated wealth the same in the two thousand
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dot com you know you were around you a participating in it and there were many many ordinary millionaires being made printed out of you know i.p.o. thin air and now it's been oh most entirely and all the data shows that since two thousand and eight two thousand and nine through the obama years all the house prices are up above where they were before and stock markets are but almost entirely that's owned by the top ten percent and in particular the top one percent so when this all comes crashing down whether or not i think for the ordinary person they won't have any change at all and their economic reality well if they're in kansas or you know novato or somewhere like that but. you know california and new york yes saturday live might start panicking and do a jim cramer sort of you don't understand all my friends are losing their money they might pull a jim cramer and demand that jerome powell like bail out everybody on saturn. what
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wealth is being democratized you know what i mean by that is after the crash of twenty nine and then after the depression from that came the thundering herd of merrill lynch and the whole idea of becoming an owner in america by buying stocks but since the reagan years and deregulation years we've all those a mom and pop or wire houses as they're called or big distributed networks of brokerages like merrill lynch is now owned by bank of america or paine webber dean witter smith barney lehman brothers bear stearns all these shops have been bought up by a few majors and so the gate come up and you have a deed democratization of wealth and number of people who own stock shrinks and you know have this plutocracy running the show and but i don't think they're going to suffer any extended period of losses you know there will simply kowtow and leverage
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the central banks to give them what they want which would be another fifteen to twenty trillion dollars of free money you know there is a quote here that there isn't an industry that doesn't have something wrong with that everything's been hit ford pitt senior portfolio manager ken for she told bloomberg that there is one sector that barely moved as barely moved the last five years and wall you know apple and amazon abend down like thirty percent from their all time highs a month ago while it was having seven percent down day six percent down days and up and then down gold has been fluctuating between twelve twenty and twelve twenty five. this whole time so it's it's stayed. a stable while been falling eight nine ten eleven percent today oil like i said you know so it's been stable mo gold is doing and always does maintain purchasing power so you can two thousand
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years ago you'd buy a suit for an ounce of gold and twenty eighteen you can buy a suit with an ounce of gold you know to maintain purchasing power for thousands of years will continue to do so i think you will benefit from asset rotation i think you know money managers around the world will grow tired of losing stocks and losing bonds and they'll say you know what why don't we park some money into gold so they'll have a strong been some buyers out there who said cash is going to cash in that safe and this is the ultimate cash cash equivalent as j.p. morgan said only gold is money everything else is credit now i want to also move in the last you know segment here to the u.s. elections coming up in two thousand and twenty because we're past the midterms and i want to know something that we noticed crossing the united states because we were right in twenty sixteen that i didn't predict that hillary was going to lose but i noted that she could possibly lose based on my observation
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a bumper stickers around this area of north carolina where she was supposed to win by five points and yet you didn't see any bumper stickers at all hailing support for hillary you saw plenty of bernie sanders but you saw more trunk signs and bumper stickers and you saw hillary so one thing i noticed that really stood out when i crossed when you and i just crossed the united states for gonzo was this medicare for all bumper stickers in all cars all sorts of states all across the united states we went through many red states and we still saw medicare for all bumper stickers and you know that's an indicator because of this headline lobbyist documents reveal health care industry battle plan against medical care for all the growing popularity for medicare for all in the house is. progressive optimistic that the democratic party will embrace ideas to expand government coverage options with minimal out of pocket costs for patients going into the two thousand and twenty elections but industry groups have watched the development with growing concern over the summer leading pharmaceutical insurance and hospital lobbyist form
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the partnership for america's health care future an odd alliance of private health interests to curb support for expanding medicare now they've already paid a lot of money to former hillary staffers to join and help lobby against medicare for all this is a piece from the intercept they found some of their memos and what they're planning and basically they're targeting all these democrats and saying you have to quell your progressive base and keep pushing obamacare and expanding. so you know all these progressives on the the like saturn live who keep on pushing the notion that obamacare is somehow a really progressive policy and yet these major mega corporations are where the c.e.o.'s are being paid thirty forty fifty million dollars a year they're fighting to maintain that as their status quo you know it's a bipartisan issue everyone hates the medical insurance industry and the drug
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companies. for gathering for undermining the economy in this huge way by forcing people into medical poverty and so it has currency it has a lot of appeal this medicare for all the bill it has the the added benefit that to pay for you have to cut the military budget by half which would be a great idea too because it doesn't really accomplish much. yeah it could be a big issue well if you cut the military budget in half you'd also hit the other democratic supporting industry which is the tech industry and silicon valley they pretend they're all like libertarian progressives but the fact is they are basically giant welfare bums as well. they have to create a lot of useful products over the last two years several opinion surveys show rising support for expanding medicare in march the kaiser health tracking poll no relation to this kaiser. found that fifty nine percent of americans support
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medicare for all and by august a poll conducted by reuters ipsos found an astounding seventy percent of americans support medicare for all including a majority of self identified republicans this is the landscape leading into two thousand and twenty this is the landscape you're going to see as the democrats are going to divide on this issue but even republicans are saying that a majority of republicans actually republican voters actually support this idea for medicare for all because at this point you know now that we have obamacare which is in a way worse it's better for the sick people with preexisting conditions and who don't have an income say over forty thousand dollars but for the vast majority of people who are earning an income and don't have preexisting conditions as far worse
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that's like collectivization under stalin you know you take in the farms and you're putting in the business to farmers to give everybody some weight and it didn't work and so union collapsed similarly you can't put middle class people on the poverty in breadline to pay for people's collective assails care doesn't work unless you want to mimic what happened in the soviet union which i mean i think the bets you know betting is that a u.s. could go the way the soviet union so i mean they quote went to a former hillary presidential campaign top staffer we're all focused on two thousand and twenty lauren crawford shaver a partner at forbes tate who is helping to manage the partnership campaign recently told the national association of health underwriters in a pod cast produced by the group basically they're going to go after you know the fact is that medicare. and medicaid already do provide more than fifty percent of all health care spend but they're paying it at. the rates that we as individuals each have to go in and negotiate with all these giant mega corporations and mega
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hospitals of what our m.r.i. is going to cost so they're having to pay at those rates because of this system oh they're going to rename the health industry the polar bureau i think that will get the message through hey we got to take a break and when we come back much more coming your way. what politicians do. they put themselves on the line they get accepted or rejected . so when you want to be president or injury. or some want to. have to go on to be press that's what i'm up for three in the morning can't be good . i'm interested always in the water using our. question.
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joining me every day on the alex i'm i'm sure when i'll be speaking to guests of the world of politics school i'm show business i'll see you that. is finding this out the need. arise how do. ya is this diagram how do you. think i'm going to go it's a great. program where. there is no other. c.d.m.a. job if you get the job and you know one has a funny but it was you don't love me when. i write down the bank call for the work done done based walk or chemical eyes and this is going to go he would develop
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a new treatment there internationally mascherano that these industries out of polluting you had to simply ignore the money that time and money. and the mother of the means we lost even this. but. it's. not the.
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welcome back to the kaiser report imax keyser time now to go to switzerland that's right time to go to switzerland and speak with ugandan grier's of gold switzerland dot com egon welcome back thank you max good to talk here again it's been a while and things are happening in between so always exciting to have a very nice i say have got a picture of that matter aren't behind you looks like it's made out of solid twenty four karat gold what's funny is what's the line where we're hiding our gold as you can see and you know nobody can understand that it is real gold but it is so yes it is a go go the nothing on all right so a gun switzerland is actually one a it's a very interesting situation people don't talk about it much because their central
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bank is doing things that normally would not associate whether central bank you know they were big buyers of apple computer and they were one of the biggest owners of apple computer and they sold apple computer now they're printing money to buy income producing assets and so what's happening at the swiss national bank egon well it's this saga you know it didn't used to be like in the good old days but you know i've been around too long and seeing now that the horrible part of central banking my views of course as central banks shouldn't exist at all they are no function whatsoever they distort the whole financial system and create bubbles and that's that seems to be their main role now and then the name you know they think they're saving us but they cause the problem in the first place so so it's not about it used to be a very conservative bank didn't interfere to this extent but now they are now
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as we all know the biggest hedge fund in the world they're about a sheet is bigger about fifteen percent bigger those whose g.d.p. and in the balance sheet they have. i mean the stock part which is a lot of u.s. stocks that i'm sure even they if they were lucky on a alone through there will. be less lucky on a lot of the rest of the stock but you know their biggest position is euros and dollars by far euros because that's what they are why they are blowing up the balance sheet to manipulate the currency i.e. to lower the swiss franc and so they are shorting swiss francs and a massive way and buying europe's so and i think that's you know that's the risky position stocks is a smaller part of it their currency position is unacceptable too big for the country if you then add to that that the swiss banking system is about between five and six times so as g.d.p.
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you then you know so it means that even when there is massive balance sheet which is all as a leverage balance sheet and the swiss national bank has. the banking system is much too big for the country and too big to be saved and so the swiss banking system sadly is. not conservative ah there these days and to leverage and assists national bank could not save them if that was required so that you know this is why i'm always said to people if you want to end up with money the end of this coming crisis don't keep the major part of it in the banks because it's not going to be either in the bank is not going to be there or the money that you have in the back is going to be debased to such an extent they'll be worthless right you know it's setting up here is an interesting conflict and geopolitical conflict because some countries are accumulating gault and some countries are accumulating paper assets and fat money and interestingly there's an appears at the switzerland
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is siding with the money printers and the money money hoarders. and so they have set themselves up to be in conflict with countries like russia and china that are actively accumulating gold and the price of galt would suggest that the fat money crowd is winning this war because the price of all this gone nowhere as it were as we both now for the past five years suggest that the strategy of accumulating gault is failing and a strategy of cats out into the money printers what's the swiss national bank as one of the top money printers in the world is winning egon we're not winning this war you got what's what's wrong well miss the kaiser this is a low res. way to go i mean we've heard restarting n.d.s. and yes the national banks will then western national banks will not win then we
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big loses the eastern countries will win because as you rightly said they are accumulating gold and they're buying all the gold that is produced in the world and more you know we see every month now major amounts of gold going out to the u.k. and also some out of the us to switzerland to this was refiners and and then to be re exported to either china or india or russia and so what they're doing is all of that in my view is central bank gold because i i wasn't aware and the u.k. was a major producer of gold because they aren't us but that's the now the biggest part of what this was refined is the receipt receive in the last few months that means that it's four hundred pounds bugs big big big the bars of the central banks keep that are either lease to the market by central banks or maybe sold about nearby
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central banks and then they are bought by china or india and. you know and then sent to switzerland to be broken down into one killer bars because that's what they want and then sent on to these countries so in my view we are we are seeing a constant outflow. of gold from the west whether the us i think most of it must be central bank gold because they are b.m.a. banks haven't got much of a gold stocks and therefore they're continuing to deplete. the stock sure if they lease it to the market you know they're supposed to get it back they haven't you from is from a bank in london. that says that they will pay them back to go but of course the gold is not staying in london anymore that which used to be you know has gone to china so therefore china is not going to send it back and they're going to have to
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go back so there will be a major problem in the market one day when the when the physical shortage is properly reveal. to that of course all the you have futures. go that is many hundred times the physical available you know and so gold will have its time i can guarantee you that goal out for metals assets in the next or if not all assets in the next five to seven years gold and silver is right you know this reminds me a little bit of what and gambling circles is called the martin gal betting system the way it works says if you're at the roulette wheel you keep betting on read into all of actually read wins and all you need is an instant amount of credit and that eventually the strategy wins and assumes like the central banks are being remarkably reckless by printing all this money and supporting their
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paper money ponzi scheme and they're sacrificing their goal and this eventually is going to. not work because the world i was last i checked is has four hundred percent g.d.p. of the entire planet earth is now in debt sound the debt cannot go continue to go up forever and of course gold is the only true way to clear debt so the demand for gold eventually when debt becomes an issue spikes because you're need to clear that debt and the only way to do it is with gold that we know that from five thousand years of history sorry setting ourselves up for a spike in gold or a suddenly the debt becomes you know the market says you know what we can't sustain this debt we've got to get rid of some of this debt and then you see a spike in gold in gold when what it would trade at it's risk adjusted our debt
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adjusted price of twenty four hundred twenty five hundred dollars an ounce very very quickly a guy on your thoughts yes that's absolutely correct. you know we know the we will never be repaid we know the central banks haven't got a clue what they're doing and if you don't believe conspiracy theories are they're trying to destroy the world. but the only way as you say is in order to get rid of the debt and i you know the debt let's face it the debt can never be repaid there's no chance the debt is increasing exponentially in good time as you say the debt is no four times global g.d.p. but then you add unfunded liabilities and then you have the river to. a few other. commitments are outside the system the financial system and then you get to the liabilities of maybe two could really and the debt is only two hundred fifty
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trillion so you're talking about a wrist which the world cannot cope with i don't think there will be an orderly reduction of these debt because as. no chance i think the bit disorderly and i think the central bank will initially print unlimited amounts of money at this time and well off it will not succeed as it did in two thousand and seven nine we are now getting these zero return on new printed money already and eventually of course interest rates will go up dramatically when you start failing because bond markets are going to crash so it will it was sadly be you know enormous pressure on the system maybe part of a lapse of the system maybe they will come in with. us now legarda talked talked about. the crypt abased of. central currency is central banks will issue cryptic paris's to divert the attention from
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let's say the dollar and that is worthless or will be worthless so they come up with a new currency and that will be a temporary diversion but it's not going to solve any problem because they'll be the same the be the same fear of money just in a different electronic form. i have the firm view that the only way to get out of this is for the debt to implode and when debt implodes all the assets that the debt is fine as will employ of low also so we're going to have a bit of a shake up and gold clearly as it has done throughout history you know now when there is no backing of any currency in gold you know it's you know we've been setting up as a company and her investors we visit your goals as two thousand and two we know that the guard at the governments and central banks stand behind us all the time to guarantee that goal on a relative basis will increase in value relative to feel at currencies and also i
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think in the coming years relative to two other assets so it's a fantastic year and you haven't. gold is underwritten by governments and by central banks no because they will continue to print and debase currency it's all we've got you know we've been into gold for. sixteen years now and you know so we had to have five six years of sideways move first a correction sideways but you know we're ready for the next move up and gold will just continue to reflect the the horrible way that the financial system has has been managed and told me ruined by central banks during the last hundred years all right are going to cut it there and our keep it out for another segment if you add the time but for now we got to say goodbye you got thanks very. on the second of the kaiser report all right max as always good to talk to you thank you and that's going to do it for this edition of the kaiser report with me max geyser and stacey
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everett like to thank our guests ron briards of gold switzerland dot com if you want to catch us on twitter it's kaiser report until next time by you know. i'm going to go camp sundown again for people that can't last saturday in their legs so the empire camp is like a safe house i guess they don't have to talk about what they go through with this because we understand her daughter katie was diagnosed with a very rare sun sensitive condition if i get sunburned i heal she does there's real patients when they have problems with the walk to talk to some of the brains that are actually shrinking inside the skull gets taken in the brain still small. the
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pain is indescribable it's feels like a really really bad chemical burn but it goes through your skin in your muscles all the way down to the boy. there's no relief. we're just not sure this is going to stop. so what we've got to do is identify the threats that we have it's crazy confrontation let it be an arms race off and spearing dramatic to follow only closely i'm going to resist i don't see how that strategy will be successful very critical time time to sit down and talk. us veterans who come back from war often tell those same stories. we're going after the people who were killing civilians they were not interested in the wellbeing of
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their own soldiers either they're already several generations of them so i just got this memo from a certain french officer says we're going to attack and destroy the government in seven countries in five years americans pay for the wars with them money others with their lives if we were willing to go into harm's way and willing to risk being killed for a walk. then surely we can risk some discomfort or uneasiness for peace. when a loved one is murder it's natural to seek the death penalty for the murder i would prefer it be in the death penalty just because i think that's the fair thing the right thing research shows that for every nine executions one convict is found innocent the idea that we were executing innocent people was terrifying news just
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knew it hasn't and that we're even many of the times families want the death penalty to be abolished the reason we have to keep the death penalty here is because that's what murder victims' families what that's going to give them peace that's going to give them justice and we come in and say. not quite enough we've been through this this isn't the way. we've. got. a commander of one of the ukrainian ships detained in the cut straight claims he deliberately ignored russia's orders to stop the ukrainian ships with beth fired upon and seized by russia which they as they illegally entered its territorial waters. another reckless russian escalation nothing in our opinion
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justifies this use of force it follows.

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