so what we've got to do is identify the threats that we have crazy. let it be an arms race. theory dramatic probably the only place. i don't see how. yet to all this is all the truth.

max kaiser this is the kaiser report there is a man. who well i predicted it

exactly as it unfolded so there's we're not going to today look at the unfolding disaster in the u.k. nor at the one in france where of course has surrendered to the people because all president of france must surrender to the people especially when the word is on the streets that the farmers are going to join in no president has withstood the farmers well since louis the sixteenth was it or whatever back in the french revolution days so i want to turn to our own emperor here because i like the way he's similarly melting things that our own in the you know the leaders fear of how they talk about things that he makes everything so blatant the way he speaks like somebody from times square in one nine hundred seventy s. exclusive trunk says release of while way c.f.o. could be part of a broader trade deal with china more on huawei and in response to that edward wang

of the new york times if trump said this undermines everyone who has said the arrest of mung hong to was not political and is strictly based on rule of law and what to d.o.j. officials and investigators think of this he's making it quite transparent trump is that ok we've we've captured this woman we've kidnapped her as part of our trade negotiations with china and china of course has retaliated and arrested some former diplomat from canada so but trump made it like he made it obvious currency war trade war war and the u.s. and china are going to war. it's not russia is not the enemy china is the enemy in terms of world in the american strategic interest world and now it's getting hot it's get hot maybe the thing is that we do not have any enemies as our founding fathers would have said we have we have partners trade partners and it's just whether you should just trade freely with everybody not intend to yourself with anybody yes china is the enemy if the enemy is somebody delivering things more

efficiently and faster and better products then yes perhaps they are the enemy because they are kicking our behinds in terms of. you know talking about war and enemy and strategic resources and treasure and the land you know hundred years ago and treasure and the land you know hundred years ago two hundred years ago people went to war countries went to war to gain treasure to grain to gain land but now in the twenty first century the treasures intellectual property and recurring revenues and china is seen as grabbing too much of america's intellectual property they're not paying hollywood for all of those tom cruise movies that they download for free that is an act of war that is the war we're at now they're stealing america's property in treasury treasury treasury treasury treasury and so americans are tell you and they're doing war games they've

got jets with the chinese flags and stuff on the on the tail wind wings some things or they're out there doing the mock wars well a few things first of all we're called yankees because we used to i think it was the dutch you named us the yankees and yankees basically stole all the intellectual property of the european empires of the time secondly our intellectual property is very basically violent it's weaponized and it's it has enabled a class of people it's a equivalent basically our printing us dollars and printing. copyright has allowed has created a class of these oligarchs who have the state department and the u.s. department of defense on their side and thirdly the cable news and all of our elite sort of basically progressive they call themselves progressive but they'll say that we have no empire we don't behave like this we don't use force to you know

basically exact advantageous trade deals for ourselves we're just like hollywood's just superior and that's why we're wealthy it's not anything to do with these so it's all kidnapping union and the collective unconscious is the playing field of the twenty first century war craft to get mind share to get mean share to get market share means to get the majority of folks as many people as you can to pay the monthly fee to have access to their own mines that's why google owns all people don't use their brains they use google if i have a question like how do i make maple sugar or why is there no deputy secretary in the united kingdom they have no brain of their own to use they have no knowledge they have no education they go to google they've outsourced their mind and that collective mind the hive mind it that's what everyone wants to control and so china

wants to control the hive mind they have artificial intelligence going after the hive mind they've kidnapped ma long as you do in canada why mind share that's where the playing field the battlefield of the twenty first century so we're at war right now i mean so whether you know trickles down to bullets and bombs and guns and stuff i mean that's immaterial we're already at war right now it's being played out in our collective unconscious if you wake up in the morning and you feel a massive headache is because china and america are at war in your mind speaking of having a war in your own mind we do see a lot of cognitive dissonance. yes especially on m.s.m. b c who somehow feels like donald trump is somehow very very different from previous presidents in particular say obama so this what trump is blatantly just raw telling us in thuggish language is month he is saying that basically yeah

we've kidnapped her and if they concede and they give us concessions on these tariffs then we'll let her go well you know the fact is when edward snowden released all those and i say documents what we found is it wasn't about all this like you know spying for national defense it was actually about trade war as well it was getting corporate espionage they showed that for brazil with the us they showed that with hacking angela merkel's phone it's all about getting trade secrets and knowing ahead of time for your you know in terms of global trade and competition so this is what it is is just raw competition i remember hallways the second largest smartphone maker in the world but in particular all this stuff has started to happen because just a few years ago china set about as a government policy to get up to the next level of ai telecom chips that's the semiconductor chips or the big. like battle ground we're fighting over a semiconductor chip who produces that that's like the new oil of our day so this

is where what started out as the profit brock pierce has said life is basically a video game and people are competing for power boosts you know those secret little nuggets in the game to give you more power and more treasure and more access to higher levels right that's the global economy is a global video game at this point and if you get more people subscribing to your service whether you're disney or netflix or comcast or amazon you know amazon prime is a subscription service there are only so many people in the world with access to the internet who can subscribe to stuff that's the global economy right there everything else is in service of global subscription models and those who have the most subscribers when it is going to be a chinese or american company that's yet to be determined it's not going to be russian company i'm just going to give the quote from donald trump the full quote about how basically he would release this woman the c.f.o.

of huawei the second largest telecoms company in the world when asked if he would intervene with the justice department in her case trump told reuters quote whatever is good for this country i would do if i think it's good for what will be certainly the largest trade deal ever made which is a very important thing it's good for national security i was certainly intervene if i thought it was necessary the way the economy is going in the next twenty thirty years is that we want of countries will have subscription services so people will subscribe to america or they also scribe in china that will see that are also tried to russia or they'll subscribe to japan or those subscribe to venezuela and either pay twenty dollars a month or fifty dollars a month if i buy subscribe to america i get you know the access to certain american attributes and american benefits but i have to weigh that against subscribing to france or subscribing to britain or subscribing to russia i may not be the best subscription service for my mind at that any given moment i want to have both said . andy and i want to have benefits delivered to me at

a cost that i can afford based on my ability to play the video game in the casino that is the global economy we're all live in the leg we all live in a casino trump is our casino gulag leader is trying to get us more treasure of power ups in our video game called america you know maybe he'll succeed i think you will do a good job because you come from the casino industry that's why is pretty much stays the leader of china he's not a videogame master he's not the master of casinos he doesn't know anything about reality t.v. let's turn to this final headline here this is a new york times opinion piece and says can the u.s. stop china from controlling the next internet age and this woman who wrote this opinion piece poses the kidnapping essentially in this paradigm of controlling that internet who controls the internet and first she looks at the fact that this c.f.o. far away is the daughter of the founder of huawei who used to be part of the people's liberation army and intelligence there so she's pointing to them and saying look qual way is you know part of the government and that's evil and that's

bad and we need to look at that by basically she says we need our government's commitment to investment what's coming next is the best counterpart to visual and against competitors like china and said we're seeing allowed but decidedly empty effort to promote the idea that tech manufacturing to return to the united states it won't and a very weak commitment to bring in qualified tech and science minds into the centers of power a good pick for the head of the office of science and technology policy as s.p. confirmed after being nominated this year she's saying essentially the solution is to spend more on science and technology and math however like most parts of all phones and you know silicon valley is basically a darpa projects as part of the department of defense you know speaking of that war in the mind of the american mind as represented by m s n b c and i don't mean to pick on them but that's what i watch. most if i have to watch cable news is that you know they like to pretend it's all free market and that these are just great

innovators and guys who are just really smart concentrated in silicon valley but what they've had is almost unlimited resources and. you know basically jobs tasks set to them by the department of defense had developed a set certain specific thing we have tremendous innovation and progress and the area of mind controlled prosthetic limbs people who have had prosthetic limbs surgically attached to their bodies can control these limbs using their mind people can now you control cursors on a computer with their mind ok the mind is being unshackled our collective unconscious can be used if everyone in america simply sat down and concentrated on lifting the genie the president china up out of his chair and levitate him into the stratosphere america can do that and that is exactly how often try something like that when you try to levitate and i think honesty is right where an era of liberation of the mind using drugs but now i have

a liberation of the mind using the internet and we have the ability to connect our collective our collective unconscious and to there's an economy of scale ok we might attract aliens that are kind of lurking on the periphery that's a risk or we could live to see into the stratosphere those are the two options and trump knows this all right i guess take a little break practice your telekinesis and we'll be back right after the. words. imagine being a six thirty five and you have a career and

a career involves using your i phone in your computer and things like that in an office and perhaps you started getting headaches and circular teeth are going to have to stop doing all this and this is tell you lou the minutes must be frightening my world became smaller and smaller and smaller until i ended up learning it in a box. or out at a very strong magnetic field on a card held in my head. think of it like a real hard pressure my skin burned and that wireless access point there just continues on saying with our students in the schools. we are just continually bathing our citizens in this microwave radiation it is certainly electro small and it's getting worse. join me every thursday on the all excitement show and i'll be speaking to guest of

the world of politics sport i'm show business i'll see you then. welcome back to the kaiser report imax keyser time had to turn to mish shed block of mesh talk dot com ish welcome back pleasure to be back on the show max but i want to know this is what's on everyone's mind here is stacy wearing her red green outfits at worst you were there or will soon or well that's one of those internet names mash where you don't know whether it's a red ourselves or silver or red we're going to get to that a second but first let me pick your brain on this one evolved and said that it was a mistake for a trade war with china and now we've moved into a stage where is tip for tat kidnappings what do you make of what's going on here mesh is pretty amazing you're max the stock market keeps going up on the news that

the trade were is over and it goes downward and when it's rescinded typically hours later oh any time going to bounce off the same level and you know some people are going to regard about six times this year what i'm going to break i think it's going to break our yeah well you know it's anything from thinks that the federal reserve bank is a bigger danger to america than to china what do you think of that that's crazy but . there is a danger here i mean you want to end so anyone with any common sense wants them to fret. but end it for a while if we're going to put a populist government in place you know that that's just going to print money at will the finance wars that ain't going to work out meanwhile it's kind of interesting what what janet yellen in the senate is saying here now not speaking to her yesterday and she said there's

a gigantic full. in the process here and she's worried about another financial recession. what's curious is in june of two thousand and seventeen shortly after a few bad she came out and said. no more fertilizer prices that are a lot of her work there at the time is that one and the other come up with max never wrote about yesterday this is when you're in charge of the air and else you have to say that the plumbing is good so here we are now i guess time hands and spread aster you're going to speaking to are you going to say whatever you want so now she's worried. about are your shoes carriers of a big crowd on the back were john well old. max you know these guys are surely that's an interesting point you bring up you say that ok the fed is terrible

we think when they should get rid of it but if you get rid of it what do you replace it with separate up another question is what if you were to reform the fed and what would that look like and let me give you a little bit of my thinking on this the problem with the fed and this is the body that says interest rates is that they key in on the government printed definition of inflation they don't see inflation so they keep interest rates low and this is two years and years of donagh adjustments or they're constantly changing how inflation is defined so my question mesh is if you were to reform the fed and you were to give an honest view of inflation what the real numbers that tracked real things like housing and interest rates therefore would respond to real inflation would that not be a step in the right direction then be a step in the right direction but the problem is there's no real measure of your

inflation there's no real way to measure an asset bubble through instance. certainly they do a quarter job of measuring prices. how does homeowners a crude what rat really ask people how much they would rent their house from if they were to rent their house. south like this makes any sense of course it doesn't the the. there's a different c.p.i. for every but someone in school is more worried about it occasionally cause someone on on fixed income actually someone on medicare. who has the government creating most of their bills. then they don't care around the trump much medical costs out which hospitalizations going on i don't know the fate of little supplement or somebody else but it's not like i have to go out and buy the wrong thrive and insurance maxed you things are going up sometimes eight hundred percent a year for several years you were paying massive amounts of money so if you're if

you're paying your own health insurance you've got one c.p.i. if you're if you don't you don't have another one of. these things this is why it's really best to the free market this bad is blown three consecutive bubbles in a row like you said because they don't understand what inflation is they don't look at asset bubbles and it's a very difficult thing to do to say ok you know stocks are up this luncheon and this percentage of it is an asset well just best to let it keep it the fed out of it all right center on the at top of the fat and of course our back to the the big guessing game every few months we play the same game as the fed going to raise or not they're scheduled to make an announcement saying what's their call other raise match when the market agrees with the fed's going to raise you know it

something really strange would would have to happen to short circuit dat but we often hear that drum him accident that the bad is just well in the market x. if that was true why don't we just get rid of the fed. and let the market decide rates in actual practice the fed doesn't exactly follow the market they try and persuade the market they have all these market participants out there trying to game the fish is going to do or not do raw running the market as we've seen happen which were erased in front of q.e.d. you know the president to do a certain things so they can take advantage of this is this is the environment we're in here now where there's no real pricing mechanism because of the things that the fed says and does and because of things that market participants think

that the fed is going to do so this whole notion that the fed is just slowing the more i say prove it get rid of the bad and let the market set the rates but keynes countries first second because the phenomenon of central banking is in all the major countries and no other nation in the world has more debt and no other central bank has intervened more than in japan now you recently wrote of the red queen sent drum n. japan so let's talk japan the red queen central mesh what are your thoughts there on the run queen race is kind of interesting the this is an episode from alison waters when where alice is running running running running and she's going to figure out why she's not getting anywhere and you know the red queen says well you need to run this past just to stay in one place so the so ounces running and

running and elevated bankers are cracked they were. about four major emphasis q.e.d. on trying to push up inflation really curious thing about the first story of the emmys last three years was was that. as soon as the bank of japan stopped them and it would be one issue arose as soon as they did it again this went on like fifteen years it is pretty amazing you're going to charge in my room queen raised finally the baggage of bands that will work is get over our the star and sure enough they were granted. six hundred trillion yen matters and you know if you a letter was that x. number quadrillion or is our words our enemy for. they own a half of the indexes and the japanese stock market and still didn't like you

shouldn't is the low in japan just probably went back into recession again this past month it's it's really quite amazing now i think max japan is ultimately going to succeed be on their wildest expectations one day i just don't know when that date is. there there's going to be a change in attitudes of the consumers in japan perhaps the demographics change perhaps they start having kids i don't know something like that max but when we get that exchange i think prat interest rates are going to and the c.p.i. is going to go soaring out of control in japan promote the silliness that they've done japan's first maybe the euro maybe the euro actually in service of financial crisis i think one's going next well you know the main japan of the central bank and their low interest rates if you have stacked up all the central banks and all

the world all the eight or nine big ones and you look at their interest rate policy japan is the best has been for twenty errors and it sets up what it's called an interest rate carry trade they carry trade as it's called or people are borrowing from japan. and getting a pick up in yield by investing in the low rates of other countries now their banks but there is a differential and they get that money subtly for frey but the point my question is if japan if it blows up i mean this could this takes on everything down with it because it's the linchpin that holds together the global interest rate carry trade together and if that's going to go under and i agree with you that at some point it it fails and you have a currency collapse and you have a good you have a monstrous global ripple effect but before we go your thoughts on the role of the cantillon effect and the unrest in france and disconnect in places like the u.s.

and u.k. mesh france is pretty great amazing here we are the leader of the euro zone at least the c.p.a. alban shares ties in italy over a budget deficit of two point four percent well. guess what france is three point six percent and this isn't as a result one of the things rance did to get its budget back into the budgetary rules that they were on over there was hyped axe the diesel to x. so the french protests it is their brain was doing and rice went on every week every week and excusing for four straight weekends record back down office diesel tax and now it is promising free money to be able. to really this is going to lake lake get them or not. they're going to raise the minimum rate wage by

one hundred euros i was going to do that and he said he's going to do this without any expense to the white employer mindsets really not realistically possible except he said it's going to be government government and so how is he going to pay this. he's either going to have to race axes or he's going to have to be undone by hands oh no euro zone no rules there it's the latter that he's chosen here so now are we going to see the e.c.b. and european commission crack down on france. we're just cruise down on italy and not. only is only a. prince is a three. man so it's really curious it makes it all shambles. alleged stability price yeah fair enough

doesn't sound very stable to me meshad like thanks for being on the kaiser report max always a pleasure all right well that's going to do it for this edition of the kaiser report with me max kaiser and stacey i would like to thank our guest miche shad lock of list talk dot com if you want to reach us on twitter it's kaiser reported so much time by i'll. come. across the worst point to come along to jen's comedic on the football. impossible. to push. the system but what's joy when you. look at it. you know you don't. think you need to be you know.

you get what you. preach is a purpose to your prostate cancer so. that when you respond to. someone you because. join me every week on the alex simon chill and i'll be speaking to guest on the world of politics sport i'm sure. i'll see you then. and get returns to paris just yet investment even takes to the streets for a fifth weekend in a row despite the president making concessions.