i am x. kaiser welcome to rat island no report what is right island oh that's all the look at the last show. they're showing new york the big apple stores maxwell we've been here some guy went bizerk bagel store because they did not deliver his bagel fast sort of they weren't making us bagel fast enough yeah they just mean we feel like i'm in new york that's the way new york is is right now that's that's that's absolutely acceptable if you don't get your bagel in a timely way you can act out as they say because this is the york and things have got to happen you know like that in a new york minute things you've got to happen i order a bagel with a sneer it's not here you're going to pay for it let me talk to a supervisor let me talk to a supervisor supervisor i want my bagel now here's my money and give him a bagel it's the way kind of trump operate he is basically sitting in his bed

up in the white house and people don't do what he says fast enough and then he starts sending a tweet and that's basically the equivalent of going bizerk at the bagel store so i want to look at his headline here which reminds me of this story trump oncoming debt crisis i won't be here when it blows up the president thinks that the balancing of the nation's book is going to ultimately be a future president's problem sources close to the president say he has previously shrugged off the problem of the deficit some of his advisors have apparently according to sources warned him that you know the deficit keeps on exploding and this is going to be a debt crisis and the charts they showed him it's after twenty twenty four so he apparently said well i'm going to be yours so why do i care i'm not going to be. somebody else's problem i get more. as i explained on the previous episode talking about rat island in this economy who. it's in the debt deeper is the winner because

everyone's going to default simultaneously in which you have the biggest debt you're the winner that's it so absolutely right to get is to from twenty two to thirty to thirty five to forty trillion dollars in debt that's the best way to grow the economy without doubt and you know he's a guy who looks at an asset and he sees the value of the rubble if you tear it down and break it for parts how much is it worth america if you sold it you know for parts how much would it be worth on the wholesale market on e bay if you saw it like the washington monument washington d.c. the grand canyon on e bay how much could you get for this is probably you know maybe three or four trillion bellies another seven trillion in debt so we can finance that through goldman sachs and syndicate alone through the global you know syndicate bond market and they get pick up a three percent interest rate differential use that the financing of the casino they get a lot of people in there bring the buses into new jersey going to bring them into new jersey and it's all going to be cash flow positive in the year twenty seven

thirty two currently they debt that we owe foreign creditors is twenty one trillion dollars are america's credit something that's a spit in the bucket that's nothing. that's not even though what i pay in bagels that's not even my bagel budget for one year well of course he says yeah but i won't be here when that is owed. donald trump has of course become a billionaire by going bankrupt that's the only way you can sadly that's the way to make it in this world you know the frank sinatra he would resign new york new york if you can get into debt here you can get into debt anywhere i mean that's the true state of it donald trump is never going to go away to be lying in state in the rotunda in the capitol building forever is going to be the america stollen i don't like it i don't want it i think it's less money. what's wrong with me i've got to brush up on my porch the fact that there is so much propaganda against go bankrupt is in order to keep the bottom ninety nine percent from accessing that knowledge of going bankrupt is the way to become a billionaire having. huge losses like jared cushion or. you know chumps son in law

he is worth something like two hundred fifty million dollars but if you look at his tax returns apparently it just shows massive losses and that's why he's been able to you know right off the depreciation of his assets his buildings here in new york and has a cash flow positive to have a massive depreciation schedule to get cash flow positive input to three hundred billion dollars in the bank you need to have chilling dollars at the losses america's casual positive you know you have to have most of the population thinking the exact opposite running on the spending well trying to get cash flow positive for real like they think that they can't have any debts or owing to you money because otherwise they're some how a loser might i have a model for this is called a casino so most of the population in america lives and jumps to see no good leg ok they've got the casino where they are deeply in debt they think that the pay that debt off so they go to the casino they get deeper into debt but that just goes to the sharks and the mafia and jamie diamond what they should structure their debt

and sell it on the wholesale market used cash flow to go in finance and build a casino and then get other people to come in and pay your debt for you yes and right off the big tax losses on the depreciating asset that is the building allegedly so so however it trumps theory of i won't be here is that he's expecting a second term and that this debt will implode and twenty twenty four re dally oh who runs the largest hedge fund in the world bridgewater he thinks otherwise he thinks is about to come and in fact the u.s. dollar is set to implode says bridgewater founder ray dally oh so he was speaking to barry ritholtz and the founder and chairman of bridgewater so it's just the world's largest hedge fund didn't have comforting words for his audience the world today looks an awful lot like that of the one nine hundred thirty s. and that's not a good sign for financial markets he said as a possibility of a currency crisis looms investors can also expect lower returns and more taxes. so

he warned of a thirty percent sell off in the u.s. dollar and about two years time eighteen to twenty four months from now he said when these tax cuts and all of that hype of those tax cuts and the extra money that these corporations have once fades he thinks that there will be a sell off in the dollar which usually doesn't happen in. a world reserve currency usually have a deflationary rather than an inflationary crisis but he thinks will see an inflationary dollar crisis ray ray ray you haven't been paying attention or a look everyone's been talking about the dollar crash for ten years fifteen years we made a fricken film about a ten years ago called death of the dollar it's gone nothing but straight up sense that you've got a situation where you are underestimating the power and the beauty of the pentagon ok the dollar is going to go up against every other frickin currency in the world as long as we continue to bomb every other frickin currency and country in the

world of dollars for a longer dollar get with the program well you can see these sort of trade war but also you know the fact that c.f.o. of huawei is being arrested on extradited that sort of stuff is good for the dollar ok so let me finish what i'm saying because as trump has gone bankrupt many times he knows the art of going bankrupt that's for sure and what he's doing is setting up a situation whereby our largest creditor which is china he's setting up a situation where everybody says yeah the heck with them let's go bust on this debt because this is i think what is happening now is you could magically make all that the impending crisis that dalio if if you wipe out that by creating a war basically saying this is all null and void and this is odious that this is what will probably do it's time we leave. the second term is declare odious debt

which is a concept in international law where you don't have to pay it these this is predatory lending by china to us they knew we couldn't pay this and therefore it's illegal we reject this that it's for d.j.'s and remember back in the eighty's japan was going to take over the world yes it wasn't china during that time and let your pen remember they fricken things like pebble beach golf course in rockefeller center unbelievably high rates and within five or six years they were all on back by american entrepreneurs for pennies on the dollar so they think that they're going to step into the twenty first century just buy everything and be our lord and master that might be good for six months but then in the final analysis will be buy it all back for pennies on the dollar being you know buy that fence and all that you're shipping over here you know come a replay of the opium or but trying to attack americans or get us all hooked on drugs so you can come in and steal all the goodies we're going to send it back but all of fenton are going to send it back to you every single province in china is

going to take a whack at it of course we do have the u.s. department of justice which is the long arm the global law so the fact is i mean in terms of damascus the guerrillas they you have not only the sanctions against russia. people in the middle east and now china like all these property and and manhattan like all around the all those new build up near central park it's all owned by very well politically well connected chinese billionaires row yeah so what are those assets going to be seized like what's going to happen and are they going to try to dump these properties as this trade war and this war heats up yes in terms of what he sees right now and i again member i said dally is now seeing that he's going to see the unique thing about dahlia's next u.s. crisis is that it will be an inflationary one which is the kind that normally only encourages and developing nations because those nations tend to rely on borrowings from overseas we'll see if that happens you're going to talk. to roy sebag soon so

we'll see what he thinks about that look right dahlia was a really good money manager is a smart guy and everything is so finely tuned over there bridgewater that is absolute rate of return is pretty bad you know they certainly are performing a ten year treasury note by much if any because he's so you know cerebral like a and then this happened in the that but i got to go sure here i got to go along there it was like oh my god oh i just recorded it twenty eighteen return to seven percent that's like two percent above the long rate on the news and i mean well bitcoin is up five hundred thousand million percent ray what the program he compares this next crisis that he sees happening he could be wrong he's probably wrong but nevertheless he sees a crisis in eighteen to twenty four months that it's going to be a deflationary one like the one nine hundred thirty s. in both theories he said interest rates were cut in the latter new money was injected into the financial system to quantitative easing in order to stimulate the economy in both cases monetary policies led to a recovery in asset prices in both areas the social political effects of those

policies were similar and what they exacerbated and of qualities of wealth so he sees even more of this you know wealth and income gap emerging and by the way if he's right and there's a deflationary collapse and there's an inflationary collapse coming you know it could be good for go. after these five years of nothing this fall gold is acting pretty well it's kind of like broken out of a a wedge you know a channel and i think it's ready to resume its bull market i just bought another forty seven dollars worth of gold and my gold account and i'm looking to see the worth maybe sixty three dollars in the not too distant future. do we have to take a break and we live up to i have to say goodbye for the first half i think you should that's it for this segment we're coming back with a lot more so don't go away.

but. since he is the most pointed out on the losses. the president will. take us back. to bush said. mr stump spalls but what's joined up when you go for the dollar to the filter. you know you know it's not so it's the kid into the you know. the more sweet disposition of. your good fortune to such a creature as a cook assisting a person to person or strong. customer because.

i've been saying the numbers mean something they matter the u.s. has over one trillion dollars in debt more than ten white collar crime stamped each day. eighty five percent of global wealth you longs to be ultra rich feet point six percent market saw thirty percent from august last year some with four hundred to five hundred three per second per second and bitcoin rose to twenty thousand dollars. china's building two point one billion dollars a i industrial park but don't let the numbers overwhelm. the only numbers you need remember in one one business show you can afford to miss the one and only boom box.

welcome back to the kaiser report imax keyser time now to turn to jewelry and gold in a straight disruptor rise to bog of gold money and now many a full disclosure as always we're actually shareholders about these companies right welcome back thanks for having me max always good to be here some and then i was recently listed on the canadian market report of your first i.p.o. results before we get into that let me just talk a little bit about when they say you have one on your wrist right there that's an a product of on the show we've been talking about it this is investment jewelry twenty four karat gold jewelry you buy the a piece from an a and you can actually track the price on on the site so it's like a cash equivalent almost you buy back from the consumer if they buy one of the many pieces and i think one of the taglines is invest in pure love i think right so especially get into the holiday season so now you've got your first quarter

reported what are some highlights there yes so many days an entirely new way to think about jewelry instead of just buying something where you don't know what it costs you don't know what it's worth and it's impure you're buying twenty four carat jewelry that you know what you're paying for you know the value every day you can sell it back and it actually looks and feels different has been a twenty four carat gold so the real stuff or platinum we actually spun out of gold money we became the you know our own independent publicly traded company under the symbol i mean any on the toronto stock exchange and m e n e f on the u.s. over the counter and we report our first quarter results we had about two million dollars in revenues and close to four thousand dollars of gross profit so pretty so because of customers right ten thousand orders orders yes so actually in about nine and a half months entirely online i want to found interesting and i've been tracking that company for sense that you are actually conceiving of it in a loft and you're putting that together designs and you. emad has to hook up with

diana the granddaughter of. and it put in together these designs and what's interesting is that i think eventually some think that the catalog kind of had some bigger pieces that were more expansive and more like heirloom pieces and very fine pieces and then i think what you quickly figured out is that people love the idea of getting out of the hundred or two hundred dollar charms so is that is that true that the market as you discovered kind of now is just more into the into these hundred to two hundred dollars price point totally so when we first started we were really just trying to figure out what the market was for this idea it is a big idea it's a very ambitious idea the whole point here is to disrupt this jewelry industry which is quite massive we're talking about a two hundred billion dollar global industry so the way we do that is we try to sell items at the lowest cost but give you the most amount of precious metal investment through that so with these charms that we came up with in may there is

little things like of or you know star signs a young yang sign m o g charms you know city charms and book charms and letters and you know each charm is crafted out of twenty four karat gold or platinum we sell it by weight and our margins are around twenty to thirty percent on these items so if you spend one hundred dollars one hundred few dollars you still have a hundred dollar of investment value which you can track and sell back in exchange . and as you mentioned the gifting experience with pretty incredible i mean we want you to feel like this is a luxury product when you buy it so when you order something from us and it comes and arrives at your door with fedex insured shipping or u.p.s. and sure chipping you then unbox it and it feels like something you want to gift it really is designed to be gifted right actually i saw in his boxing that he has a counter that a gift bag so you can kind of create a gift bag or soften and give it to somebody and so now this is an interesting story because as an entrepreneur i mean in irak old money gold money has

a very fine application as you know one of the if not the place for storing billion around the world and what that james turk going back to the origin see kind of innovated this space in a lot of ways where you can get gold online it's a business that you and josh krom your partner are passionate about. but you were always fascinated by this observation that in the east gold is seen as much more part of the daily life people buy gold they buy buy weights and it's part of their savings and they have that experience in the west not so much because as you point out by tiffany not to mention names but if you buy a brand name jewelry there's a lot you pay for that little blue box and allow the design that goes into it and they actual contents are not necessarily represented by the price but here you have is this message of the eastern approach to buying gold is that resonating and you

see that growing totally i couldn't have envisaged better outcome than what we've seen the last few months so it's precisely as you mentioned in my own research in trying to figure out how this all worked what i discovered was that the eastern market is essentially functioning as a decentralized banking system where these people are holding on to gold in pure form in the form of bracelets and chains and and rings. earings but that the event the value of that gold they're holding is very high and you're talking about tens of thousands of dollars the average citizen is holding and it's about two trillion dollars of metal that's held in this form and then they use the jewelry stores as almost like a decentralized node in the banking system to come in to exchange to sell to buy and it's got a lot of integrity this system so the pricing is similar everywhere you go you can go to the rich countries you can go to the poor countries the rich stores the poor stores everyone is buying jewelry the same way what's the wait what's the purity

and what's the price of the precious metal today and you'll find just as many people selling or exchanging the jewelry if you walk in as people purchasing the jewelry you and josh crombie a partner in you guys are deep into the history of gold and the geology of gold and you guys live and breathe golf and every time i see roy deep end a summer thinking about gold so let's talk about gold and the geo politics and economics and the dollar and the currency markets and you know we seem to be at an inflection point in markets now and we same like maybe the credit cycles rolled over and interest rates might be ticking up a bit so what's your view on. the dollar at this juncture ira dahlia over at his bridgewater in connecticut vegas has found in the world thanks a dollar's poised for a huge collapse in the next two years what how do you weigh in on that well if you recall in the summer i think it was late july i was on the show and i made

a few predictions in terms of how i felt interest rates were too high and the economy would start to roll over in august i was a little bit early i think by a month or so but i think everything that i outlined in that interview with you is beginning to manifest interest rates are way too high in the united states the other countries are way behind and i think that all of these policies that trump has implemented and sort of preempted. with the game theory has caused a lot of the other nations to sort of like you know in the road runner where the coyote flies off the cliff and doesn't yet recognize that he's he's got no solid ground and i think that's where the other nations are and you know if some of the events we've seen say in paris recently argentina or even in china are canaries in the coal mine there are symptoms of what i think is a much greater issue which is that this fear money system that has been the chief policy of the through through which how you know government officials have been

acting policy just debasing money it always results in a disproportion of inflation between the poor and the rich the rich always do good in this system but it's the poor that get punished the most so last time around it was sub prime that we saw where the poor were trying to just get their fair share of the real estate market and of course ended up getting screwed over and i think this time we're seeing it more in structural inflation so some of the protests in france or all about energy costs i mean could you imagine thinking about you know food and energy costs and twenty teen when the officials are thinking about climate change and you know the paris accord and things like that and people can even cave and eat you know they can write the phrase that came up which is interesting from the protesters as our purchasing power is being reduced i mean that's a fairly sophisticated comment and they are throwing molotov cocktails. i mean essentially it's true they must be viewers of your show and they advise your liaison i have a whole closet full of them but the lies are the vast protest in paris and around

france it's been living in france on and off for fourteen years or more and this seems a lot more pronounced and violent than i've seen before where do you see that going i mean is that a symptom is it going to be quelled is it part of a new global insurrection against banker occupation as we call it what do you think that's gone i think that the u.s. . raised rates so fast and as is always typical of these academic economists they didn't consider how much debt has been accrued over the last eight years and so what you have started to see in my opinion since august is a debt deflationary cycle and now that's going to lead to a lot of asset rotation how portfolio managers think about allocating their capital in a portfolio constructing a portfolio changes all of a sudden people want to buy a little bit more fixed income people want to take a less risk in their portfolio and those see changes when they occur are prolific

you know and we're just starting to see the effects of those sea changes now because these other countries to a fake interest rates fake monetary policy what we almost instantly see is as we have this asset and debt deflation we begin to see the inflation trickle in i believe the austrians or other economists use call as a candle on effect yes we begin to see it creep into structural inflation so all of a sudden energy costs go up all of a sudden the things you need begin to go up in price and the average joe is sitting there being like ok i totally missed the move my wealth didn't really rise my wages weren't really increased and now i get to deal with this inflation that i haven't had to deal with that you told me to is nonexistent yes also has been talking about the catlin effect on a couple of episodes. interesting the way that this has become a major factor in the economy all the money printing the ballot all the banks was held on balance sheets and boosted asset prices and then it starts to get into the

real economy and cause real inflation and suddenly as in the case of cairo before the egyptian or insurrection was you know food cost for something like fifty five sixty percent monthly disposable income and that's like a magic number and you end up with a revolution and suddenly that's all over the world you have now that inflation for the basics and so you mentioned that you thought interest rates were raised too fast too quick so would it fair to say that you're looking for rates to come back off. and so what's the prognosis i don't think the u.s. is going to raise rates again i think you're going to see the inverse take but take form you're going to see rates being reduced and i think the only way to really save the system long term is to enter into another round of q.e. at some point and perhaps even negative interest rates but if we take a step back and try to focus more on the philosophy the areas i enjoy thinking about as you know what this ultimately comes down to are two philosophies in terms of how we should form our communities the first philosophy the globalist elite

philosophy is that we should be centrally controlled our money should be centrally controlled and whenever there are problems we just saw them through inflation and when people like me come out and say well you know the inflation really does more harm to the poor than to the rich it's those statements are disregarded or rebutted with a bunch of nonsensical theories and papers and stuff like that the other school of thought the one that i subscribe to is that our primary motivation is to have liberty to have freedom of choice wake up in the morning and be responsible for ourselves now when we use gold as money it keeps a check on the government the government can't print more than it takes in in taxation it forces us to come together more and make decisions together the community our wealth may decline we may not be as wealthy or as we think the rich will most certainly not do well in such a system especially today we see some of these multiples multiples in business multiples in real estate everything as these massive asset multiples relative to

its yearly income those will definitely contract but this is what i hope for the future is i'd like to see these two philosophical schools of thought finally rub against each other and resolve themselves that you know there isn't one leader out there in the world not one political leader who stands up and says i'm going to run a country with sound money right well we'll see how that all resolves solve going back to my day if i want to buy. christmas present when a how do i do it you go to minae dot com and you can purchase jewelry online it will be delivered within three to four days in north america and about five to six days in one of sixty countries also i'm well thanks so much for being on the guy's report thank you for having me all right what i was going to do it for this edition of the guys are a part of being nice guys and say to her want to thank our guests rice toboggan of men and gold money if you want to reach us on twitter sky's report by a. prosecution

. where you. just read the fine. political pressure on the. business models used by american corporations. and if. we're going to. be. an investigative documentary.

you know i work with potential school shooters for a period of twelve years and none of the students who we work with in our facility the syllabi ever went on to commit a school shooting so that gives me hope that if you catch the students early enough or provide the kind of support and mental health treatment that they need that they can come out of the crisis. in a world of big partners. and conspiracy it's time to wake up to dig deeper to hit the stories that mainstream media refuses to tell more than ever we need to be smarter we need to stop slamming the door on the shouting past each other it's time for critical thinking it's time to fight for the middle for the truth the time is now for watching closely watching the hawks.

was. was. in place of religion investigation into russian biathlete say the claims of the twenty seventeen world championships they can pet is though deny the charges and say the ring is a nonsense.