and this is my closest i can get to tinsel it looks like my tinsel jacket that is what i'm wearing for you know we had began twenty eighteen with the stock market in the first six months of the year and nine months of the year really were on a tear they went up and up and up and up and many millennial zx were showing their robin-hood at screens showing how much money they were making also at the beginning of last year you had a lot of bros and when lamb bows and to the moon sorenson the big clean space who are they you know we're driving our lembo is and we're so rich well the end of the year hasn't been so kind to them i want to go through some of these screen grabs here from the millennial is at the beginning there who are sharing their portfolios being up these are some pretty dramatic yolo year of living you only live once but it's a you've been dangerously gentlemen it's been

a pleasure to yolo with you this guy shows this portfolio is down to four dollars and eighty one cents from thirty thousand six hundred ninety five dollars that's down ninety nine point nine eight. and this guy gentlemen it's been a pleasure to yellow with you forty six dollars and seven cents and his started at sixty thousand three hundred sixty one dollars down ninety nine point nine two percent this is the magic of capitalism because the capital that greases the wheels of capitalism comes from the losers that's the beauty of it you know you need to have a losers because then that money is redeployed into the economy that that's the magic works that's where the money should come from not from money printing and that's been part of our problem is that on the social side everybody wants to say everybody is a winner all children when they're raised all you know people are as good in and as great as everybody else and the fact is. is. as you said you need many many losers

for the few winners that come out of these markets but this of course should great some new styles or two because this is and the day of christmas day but here this is many in the comments on these said it looks like they were trading options yeah options trading generally leads to mass of ninety nine percent losses that's an axiom that one i was the third biggest options producer in the shares of lehman and the system that your clients look like to you there are some look like that and some look to the opposite of that you have winners and losers some people start off with thirty thousand and end up with three million mean that's the options business is highly leveraged business and but that that say is the way capitalism should work not have a few people print money and then jack the price of assets and leave everyone else begging for crumbs back in the eighty's when you were trying to get some clients

when you were trying to close some clients did you tell them you'll oh you only live once go on try it. well you know it's a matter of leverage and you know you have a lot of leverage in the system the the millennial is on the robin hood up are bringing to mind a phrase we used to use on wall street which was sheer don't slaughter you know this is the idea that you want to share your customers not slaughter them because if you slaughter them you can never share them again so you know these these days millennia as though they seem slaughtered so they might not be returning to the robin hood at any time soon which is too bad for robin the robin hood app but you know as a professional you would want to stop your clients from losing one hundred percent of the money trying to stop them when they're down eighty or ninety percent you know so there's little left over to share them again as they were that sounds kind of like the korean market but we're not to get into that right now i want to show you this chart that. it's actually an image from one of the national parks in

america and it is really fascinating and it really just reminds me of the big point sector the voluntary ism a lot of people are libertarian they say they're you know they're all about voluntary exchange and do no harm and i think this chart shows that instinct of path animals like humans this is an image of g.p.s. tracking of multiple wolves and six different packs around voyagers national park in minnesota which shows how much the wolf packs avoid each other's range it's remarkable that's one two three six different wolf packs and that is how they all stay in their own sector they have seemingly come to some sort of agreement somewhere that you stay in your area i'll stay in mine and i don't know that really struck me as very colorful images to show for christmas but it also showed that you

know this seems to be how peace could be made or shows that animals are self-governing and that anarchy with this is an example of anarchy is a political system that works and has worked for millennia throughout the entire plant animal and stellar systems that we already live in a natural order of governance the application of man made order on top of our natural order almost never works and currently we're in a system right now where it's breaking down tremendously various theories of governance like democracy or other forms of governance or attempted throughout the hundreds of years going back a couple of thousand years but none have yet proven to be as effective as simply allowing the natural order to assert itself in a chaotic manner matters chaos and to manage anarchy and you see right there it's a symbiotically controlled ecosystem of force. balance each other out at the end of

the day and it's a beautiful reflection of the purse steen balance we find in the universe man unfortunately has is burdened with consciousness and that consciousness is used unfortunately to debitor and of trying to organize well there is one wolf it looks like in that pack in this pack that keeps on going into the other territory so there is always one troublemaker that brings it all down well there is always one alpha male who attempts to assert influence over the competing cells of power and there are typically either they succeed and they expand their network or they killed off but it doesn't invalidate the idea that nature or is already composed of a perfectly balanced hierarchy of ecologically evolved needs and wants and within our genetic code as as animals that has never ever been improved upon

by any human being in speaking of chaos and anarchy one thing that we have been grateful for is basically the demonstration of the breakdown of order has been the nonstop russia gate this is i'm thankful for her this is rachel maddow this is a screen grab from one of her episodes connection and i think it's been quite interesting because for us we've been talking about the financial collapse and the intervention that happened post two thousand and eight this is our tenth year will be going into on kaiser reports which began at the beginning of the financial crisis and we're really starting to see this sort of effect that you can't basically everything they've said and everything they've believed that the elite the social media that you know the media commentators and the elites they love and hang out with they. we've basically created this cantillon disaster that we see all

around the world that's why we've had a breakdown in our order and i think this is part of it like. anybody who is saying russia about every single disruption that's happening around the world is basically them admitting that they don't understand. the rules anymore they don't understand the people that they're supposed to basically govern you know the soviet union had a brilliant description of the people like rachel maddow or the washington post or or the new yorker or vanity fair or saturday night live or or alec and billy baldwin they call them useful idiots and trump plays them like useful idiots they distract the populous away from what he's actually doing by focusing on something that the vast majority of americans and we just finished just incredible cross-country journey the vast majority of americans don't care at all about so they fulfill the purpose of providing cover for trial there are going strong but

nobody who was truly against trial would do such a favor to try to distract the population away and toward something that has no residence no proof no evidence is meaningless and will just fade away speaking a fading way. basically there we've seen in twenty eighteen huge trends now of de platforming and trying to silence all these voices that they might hear as voices in their head they're definitely obsessed with how they got it so wrong and the people the people the ninety nine percent of the population understand the world way more than these people do but i also want to talk about on the last few minutes here christmas day is that this year twenty thousand has seen what you've said for years is you can't taper a ponzi that is true apparently because the fed has been trying to taper this ponzi they've been trying to raise rates only said have some rates to cut for next year and the other trend is in terms of algorithms and this ai that you've talked about

twenty eighteen is then the beginning of this a trend i think we'll see go in for years into the future now is hotting up a i artificial intelligence i think that's really starting to emerge this year not getting back to the wolves having balance out there in the wild and not stopping any others. territory ai is essentially the intelligence the aggregate intelligence that we've inherited in our species humans that came to us through the magic of cosmic consciousness and now the ai layer is going to do an end run around us so the ai that's been evolving in the background it while americans and people around the world try to figure out how not to commit massive suicide whether it's bragg's it which is a suicidal political event or other countries pulling the string on their suicide vests the ai is still you know in the background working to usurp humanity i think

in twenty one thousand you'll see ai break out and dominate will be soon taking orders from ai and they thought it was impossible but the event horizon is here ok that's in twenty one thousand we'll talk a little bit about that in january the first week of january will be doing some specials on the future twenty one thousand but again in twenty eighteen we've seen as i said that they can taper ponzi that has resulted also in the giago global insurrection against banker occupation again that's something that we started ten years ago noticing it kind of died down for a while as the greek riots occupy wall street arab spring these were the beginnings of the own of the protest across europe today it was all connected it's all based on the exact same concept of bankers printing too much money creating this wealth and income gap and it's a delayed or defer riot you know should the violence was baked into the cake and

now leaders like micron are getting their just desserts well i think those are the gifts that has been giving most saturday and give me nothing you know probably because santa went along bitcoin at eighteen thousand so in response i get enough i'm ok i told you had a dollar santa you and your frickin reindeer mrs claus mrs claus is loaded up on ripple. all right well we're going to take a break when we come back much more christmas poppers and goodies and presents coming your way don't go away. my son doing drugs my nephew was still in drugs my sister just with doing drugs it was like an epidemic of drug abuse america's public enemy number one in the united

states is drug abusers started going after the users in the prison population. we started treating sick people people who are addicted to these drugs like criminals while i was on the hill. the war on drugs. there are countless numbers of people who are in prison for. for minor minor offenders in the drug trade it's a lot watching your children grow up and miss you in waves and say by daddy as you're walking out of this it's just it doesn't get easier. so what we've got to do is identify the threats that we have it's crazy confrontation let it be an arms race. spearing dramatic development only personally i'm going to resist i don't see how that strategy will be successful very critical time to sit down and talk.

come to call russia no one's ever known one has ever had and never even had. leg . length

. welcome back to the kaiser report imax keyser time now to go to john mill ackerman john welcome back to the kaiser report hey max this their merry christmas awfully started now yeah to a new president of mexico lopez obrador the media hate him but the population clearly thinks differently how are his first days in office john well well first of all max you did remember you know you were you were the guy who you know made smokers over there is can pay internationally according to this like dirty campaign against you and many of us. so it's quite funny how this all of this all turned out it turned out that it was no actual manipulation and this election to the contrary well there actually was a manipulation there was electoral fraud there was you know cambridge analytic and

lots of infiltration of the networks but it wasn't a fair look was over a lot of it was in favor of the you know the you the pro u.s. candidates that depend on the pretty but the mexican population you know grows up really sort of demolished so that you know there'd be authoritarian tendencies during the campaign looks road one with you know thirty million votes three percent of vote thirty percent ahead of his second place a good place was on the twenty two percent so you know he just took power on december first and there's a lot of excitement like you said the media you know corporate media particularly is is this go against him but the mexican people are very optimistic yeah i mean you mentioned that i was responsible for him over to our big elective course ari first back to the media in mexico accusing r.t. and max kaiser of having some influence in the election you know i went to mexico city when i heard that and i made myself available to any journalist in mexico city

who want to talk to me to talk to me about it not a single one showed up the exact same thing with practice it they. jack same thing with trump the media kid is a russian meddling i go to these places i say let's talk i'm right here you accuse me of meddling let's talk and nobody shows up not a single person because they're all full of complete to killa they're not doing. their job right anyway so what about the economic policy changes any coming yes i would definitely look show is you know really going to transform the neo liberal approach he's very interested in investing in education and health care and infrastructure and it's particularly in the poorest regions those you know the south part of mexico which has been abandoned by these new liberal policies last you know thirty years there's a serious problem of course now the neo liberals you know have really sort of left the mess in government in shambles the budget is you know so mexico only collects forty percent fourteen seventeen percent of g.d.p.

in taxes. we have a new liberals have you know shot up the debt the public debt is now you know ten fifteen times it was twenty years ago and we're paying. incredible amounts of money eight hundred billion pesos about how that translates to dollars and just servicing the debt for this year fifty three percent of g.d.p. is now in public debt international banks which is one of your big topics of course macs are you know rare into you know try to stop and ruin the looks or the presidency any little announcement he makes which might affect the banks and the national finance capital they you know i mean the attack the peso and the credit ratings and so you know he is navigating through dangerous seas lots of sharks out there but he's definitely changing things and two thousand one thousand will be a crucial here to see whether how much mexico actually stand up to this international new look at consensus all right let's talk about the oil sector

specifically the national oil producer pam x. has for decades for via. and not only a lot of corruption in mexico but also a huge percentage of government revenue now over two hours prior to sesar as had begun they privatization what's the current state of that john well the the laws are passed across is for a forty five and yet the previous president basically you know allows the sitting president to hand out you know long term one hundred year contracts to which can be counted on wall street is that they were property to the tibet house an oil companies started to do that but look start on. said he did he has got to stop or course with this other business short term and really invest in public investment in creating new refineries revive reviving the one who already exist because mexico is a big well company a country but it imports over fifty percent of its gas so that you know one of the major things the books i want to change you want to increase amount of production a little is crude oil is well production has gone down since the private anything

from a dozen reforms not up to this basically going against of what was was probably promised and. you know it is so these reforms don't sort of course the president to private and yeah you're not going to revoke those concessions there are contracts that have been given out it's been very clear about that he's you know in general actually buried respectable private property is not going to be expropriated he's not even going to be raising taxes he said nor is he going to affect the central bank then spend the central bank he wants to get the job done with you know the general capitalist system as it is and with mexico that is that is you want they want the kind of corruption cut out waste and bring that investment to the people so you know he has announced a major scholarship program for use up to almost three million scholarships between university students and apprenticeships and existing businesses for use and so you

know that is he's really trying to get things started again without directly confronting you know confront. in trouble actually that's a really interesting he's going along with draw this is going against all expectations on the left on the right at least up till now they're there working together and realizing that they actually do have some common interests in terms of you know providing development and opportunities to mexicans and americans so they don't have to migrate now i john i saw a headline that mexico is just raise the minimum wage to five dollars a day now this is quite remarkable considering that mexico is such a major trading partner with the u.s. and canada what's going on with wages john well you know i mean that this is actually it. raises much higher than any rate in the last twenty thirty years with a new liberal heroes sixteen percent increase. it's still very low mexican minimum wage. move up again this is definitely look for those policy in the past to happen in terms of the crew creating situation for justice

for working people in north america and trying to make you don't have to too which is coming down the road into a real development initiative and not just you know a lead agreement to avoid these kinds of labor agreements and so so we'll say you know this is a step forward and a big step compared to what the neo liberals have been doing but we need to push it further of course for the mexican working class to really get their fair share of national production so what's the state of the the nafta nafta reda goetia sions and how it's going to play out in twenty one tank so they're keeping it to the present president left office all of november of last a number over the thirtieth of november and he rushed to the deal with with trump to you know close things down. have the signing ceremony even when the high is the last day of his presidency. and you know trump was eager about that and the cutting

a deal with was betting it instead of with up. so the other bit different ideas about how the economy should be run and honest don't need to be ratified by both senate or the car or both houses in united states because now there's a special agreement and in mexico specifically by the senate we'll see how that goes forward looks although it has basically been positive about the agreement he says but he is in favor big shift for the mexican left you know we've been against nafta for a long time but now that's not the been all in effect for so long to sort of jump out of nafta now could create a massive crisis and so look some of us looking for the you know democratize and incorporate more issues of justice and national sovereignty and to nafta and it looks like some of those things were achieved particularly in britain protection for instance for the oil industry and mexico trump wanted to really so. great open even more as a religious to bookstore though did not accept trump had to back down on that side

and so it looks like it might it will most likely come through in the beginning of next year we'll see what the u.s. congress up to you guys have been going on for a little changes as well and the other big issue on the table north american relations is migration of course trump is threatening. has been threatening to cut off all relief and even asked itself with mexico but america don't know don't more do more about these issues look for those didn't playing it cool as well is definitely not going to continue long with this anti migrant policies and they get by and yet the because then yes there has been you know the real instrument for and i tend to american policy in mexico behave you know following the orders of trump and obama as well mr deporter in chief remember that and look so i don't think i think more humanitarian approach towards migration and development and development so we'll see if trump actually you know opens his mind and and thinks about

development instead of just repression and police control the border. that question to be that's on the table next to your right you mentioned migration there john now many americans say the news of these migrant caravan of but they never heard of the situation in honduras as at how when what the what the genesis of the sol is what's going on there that causes the mass migration and can you give us a little rundown on you know the bigger picture here well you know wasn't america has. been very suffering nations for for a long time due to you know radical right wing their liberal policies dictators propped up by the united states most recently in electoral fraud and hug duress year and a half ago it's a game of the heels of a few years before the coup again in the progress of president sadat and that coup was very much protected by hillary clinton and obama administration and so you know

central america has been a real victim of new liberal policies and those imperialism it went through you know civil war very intensive war the seventy's and eighty's and you know i wrote recently a couple weeks ago the new york daily news and i was about you know how these caravans even though tram truck was trying to project them as the violence an attack on the ad they are actually using these people are protesting yes but peacefully actually peacefully they're protesting against violence against poverty in their countries against u.s. policies and what they want to do is work they know they want to contribute to the economy of of the americas and i think the central america you know thirty years ago many people who are victims you know took up arms and you know a civil war against these policies and now if there are you know acting with their feet in the in that peaceful way have been sung violence in some of the issues on the border but most of us becoming from the united states out of the police some here gas and stuff and so you know really going to take this from a humanitarian approach that's what they're looking for humanitarian support

looking to work that out looking for you know welfare they want to trigger. you know it is economy join up with their families no it states right mexico and you know the correct thing to do would be don't respond in a in a humanitarian well way as well because in the end it's in the interests of all of us that. you know a prosperous and peaceful america is in north america all right john mel ackerman thanks for being on the kaiser report thank you max i'm going visit us again mexico soon plate i definitely am a comment and that's going to do for this edition of the kaiser report with me max kaiser and stacey everett like to thank our guest john mill ackerman generates us on twitter it's kaiser report and i stand by all. i had a great education a good job and a family that loved me. i never had to worry about how i would eat and where i

would sleep. i'm facing christmas alone out on the streets of london. for you to feel better on. the story like one of the you know the tsunami still given me for the day. as you don't really feel they can human being you know. and then. the guy just came over to me so me and gave me change and this book.

will say you will be in the or black. thief . i. think what you're going. to.

syria i mean israel accusing each other of cross border missile strikes damascus says three of its soldiers. point five million people sign a petition to sue the french government for failing to take action on climate change. fears grow that notorious. was implicated in civilian massacre is making a comeback. and its name warning that we are becoming. a russian town becomes the focus of a national scandal after the children of local officials go on a trip to turkey.