wraps. and they save lives. the headlines on our gemini is divided as ministers demands deportation and tough asylum laws after a shocking attack by migrants. should be honored to be able to be here and to commit a crime and if they do they have to go back the second chance we have for our laws we don't have to change the laws the search and rescue operation comes to an end following the tower block collapse in the russian city of my birth to the body of the final victim was recovered in a tragedy which killed thirty nine. and us stock markets the rest of read after play shows a profit warning for the first time in sixteen years naming donald trump's trade

war with china. in just about an hour's time my colleague worry sushi joins here with a more complete look at today's top stories the fest the latest financial bus on the cards a report. hi i'm max cause of this is the kaiser report nuclear span different fantastical multi episode drill down into twenty nineteen predictions also twenty nineteen will be celebrating ten years of the kaiser report over one hundred eighty five million people have been in a hotel room or walking through an airport when the cause reports and playing in the background stacey did you add them all i got forty million of them and they love the show. well that would make

a perfect book and because you know in the last episode on january first twenty one thousand we did mention this could be a year of the stock market crash we started on the stock market crash and we could talk. it would be very poetic when that well i also said that this year you know we're going to change up a little bit just slightly you won't notice too much difference but one thing when we made gonzo and when we made that series one thing that was quite remarkable to me of traveling across america. is that it's so peaceful and calm and quiet and an hysterical much of how one feels about the u.s. or global economy but certainly politics and then the next episode of our three part january you know is so hyper active and extreme and everything's about to fall apart and and you know breathless sort of oh my god oh my god everything's changing

whereas what we found when we traveled across america is people outside of the beltway are not unhinged like what you see on twitter and cable news yes well you know across america you know it's a big country and there are regions and it within those regions are separate identities of the people in the votto very different people in los angeles very different people in north dakota florida and they have their own economies or own culture one would say you know if you travel across europe you'll be in france and germany and spain within a few hours and go across america it's one marginalize country but there are these distinct regions the south the north east the west coast and these people are living according to their own particular cultural economic. backgrounds and what serves them and that's what makes the america quite a dynamic place and i will say just a follow up on the sun eighty five million people have been in the presence of the

kaiser report what has been playing in the background the most frequent question i get over the years is how do i ever clean this vest because i've worn the vest off for over a one thousand four hundred episodes and the answer is no i've never actually had it clean this is some of the original dirt from episode one is right on the vest on this waste coast and that's why i'm sending it to the smithsonian institute or to put it more plainly the smith says smithsonian smithsonian so i want to actually get into some predictions and headlines there and when you bring up a good point is that there are many different cultures and regions around america because that was something that stood out on our journey across america does apply to what i'm going to talk about geo economics and geopolitics because here i am an american i have been an american for over forty years and over twenty years let's say and. and one thing i was surprised about is when i drove through new vodka we were driving through nevada at night a sixty five mile per hour zone highway

a freeway a motorway you know speeding traffic and i did see a sign and it said open range but. you know ninth actually means and that means there are no fences and some farmers cattle can be on the middle of the highway and i found that out speeding at sixty five mph in the middle we were driving around i looked up and i said oh that's interesting and you said what does it say there's a sign of the receipt of the foresaid open range and like what does that mean opener and then. you know there they were bigger than life two enormous stare blackest night you couldn't see so a lot of things are spelled out for you but you refused to believe it like it never entered my mind that a farmer would allow their cattle does roam around on the highway where cars are spent traveling at great speed by the way if you hit the cattle if i had hit it it would have been my fault and my financial responsibility so i'm going to look at

the signs out there like one belt one road you know listed they tell you what they're creating they're recreating the silk road that this china is building the one belt one road policy and they're spelling it out for us a lot of people are like yeah right like let their cattle wander around in the middle of the highway are they and a lot of people are thinking well they're not going to let you know their ambitions their financial and economic ambitions walk out in the middle of the of the you know u.s. military highway you know they're not going to want to step in front of the u.s. military right but it's happening right in front of our eyes it's being built right in front of our our. if you tune into the cable news talking about trump's latest tweet as like that's a distraction from all this stuff going on right around you know one belt on roads i mean this is a the answer to the maritime supremacy of empires of the past it was always about

controlling the seas the british empire of course controlled the seas with the royal navy the u.s. was controlling the seas affectiva. during the post world war two and post world war two era with their battleship cruisers and submarines etc but in china it's enormous they don't have the same access so they're hooking up with everybody in that area including russia to create this you know land sea if you will one row one belt and so that's their answer to world domination it's going to be over the heavily traversed training route so i think that's going to really come into play you know obama started the asia pivot and then we got distracted by hillary's humiliation and hillary's utter and complete humiliation and twenty sixteen caused a diversion from the asian pivot i became obsessed with russia gate so i think now that more and more people are you know hillary's kind of feel that more and more

people are you know hillary's kind of fading from memory and her humiliation is fading from memory i think that asia pivot will resume this year and even niall ferguson when he was looking at the g twenty in december what he pointed out was that that is now china's becoming an organizing principle of foreign policy from both the democrats and republicans so they're starting to notice that we're being left behind and before you know the guy in front of you in the race gets too far away they want to grab you know by you know their shirt and pull them back and make sure that they don't get too far ahead well you know we talked to a lot of people all over the world political experts a political hundred eighty five million people think anomic experts about how he talked a lot of it and you know they make a very interesting observation about america why does america obsess over russia because when they visit america they go to the universities and they go to technical facilities and corporations they see americans working studying and

sitting right next to them are chinese people chinese students and they make the point that they are. are gobbling up a lot of information and they are gobbling up a lot of expertise and they are you know taking photos on their own reporting back to the people back in china you know that they're getting ready for this and we in america is like well we don't see any of robel the russians the probably the problem the well actually this is an aside from our predictions for twenty one thousand i will say that we spoke to a federal agent on this show and he said that he went to i think it was stanford or berkeley because they had a government contract that the for that federal agency and he went in there to work with the lead professor and it was a group of graduate students building the system for them and he said like of the ten students were from china and he said to the researcher in charge like.

you can't have foreign nationals building this for us but like what was going on so yes there is that but you know that's another question and a big story and another you know for regular guys report in the future so we're going to continue talking about what we see going forward for twenty nineteen and i think you know as we mentioned in the last episode we have the stock market crash which i believe will happen this year certainly housing market is already starting to fall apart so i think you'll see more money printing i don't think we're going to see any new ideas about giving it like say q.e. for the people you know the new york fed and the federal reserve bank of america will only they only they love and care about their good friends and their good friends work at the big banks and they're going to continue with the same policy because they don't care as much about some guy in nebraska or some guy in nevada they only care about their friend in new york and that's natural and they're only

going to give the money to them and so the can tell in effect will continue and global insurrection about against banker occupation giago will continue and i could get worse. if what we saw in france and spain and all these sort of countries is anything to go by right these disparate you know uprisings and riots if they start communicating with each other during the problems in greece remember this was a period of occupy wall street and i made the observation that the occupy wall street people should go to athens and join forces with the greek people in their uprising against the neo liberals that were destroying the greek economy but people don't understand the globalised nature of all this but i think in twenty nineteen that globalised bell will be wrong in that all people everywhere will realize they have a common cause against the fia money policy scheme fractional reserve banking knuckleheads well in a way you know you don't you know that you have organized armies and they would line up and like street line and once

a war changed and they were meeting grillo warfare who just like pick them all off you don't want to be to organize you don't want to be like send the artillery and beer on there and get gunned down first like you know in a way the fact that so. like none of them they don't they don't point to the democrats or the republicans or that far left or that far right party they want no parties they want no politicians they want nothing so the notion of that can tell an effect neoliberal economics and i get that there's no benefit to having leaders and an organization to go against the centralized authoritarian bankers but what's been missing on the days protest is a common enemy so in other words all of these let's call them left wing groups believe that their. imperative is the most important and they have the moral high ground so they put the environmentalists think that they have the moral high ground

they know the few up here now that they have the moral high ground in the winter when you know the barbarians invaded rome because the people let the men that's the moment like when it's the people the ordinary middle class upper middle class the close to the elites kind of almost at the elites once they lead in these ideas and say yes boston like enough of all of this can tell in effect enough of this corruption anough of this system then that then the end will come for that and something new will emerge hopefully better oh yeah it's going to be great future's going to be wonderful and there are still be cars report playing in airports and hotel rooms all of the world and when we come back we're going to hear from more predictions from more experts who will give you their views of twenty nineteen don't go.

hello my name's peter and i've been living in bush you know for about seven years and this is a film about just some of the crazy things i've got to through time. when you're going to get this clear.

but i'm back to the kaiser report i'm asked kaiser let's turn to dr michael hudson author of and forgive them their debts you know we've been talking about geopolitics jew economics in the first half so let's dig into a big story of the day the new cold war some are calling it between america and china what are your thoughts well it really is a serious cold war it's a global fracture i don't see that there's any way in which china can surrender to the u.s. demands the u.s. the euphemism for this cold war is intellectual property rights what that really means is monopoly rent the united states' position is we look at a threat to our national security and a country that can produce goods or services cheaper than we can and. especially and aren't intent since we can't manufacture anymore because we're too debt ridden

is to get monopoly rents on our high technology export so no other country can invest in a technology competing with the united states or that threatens our national security which we don't feel secure and less you are totally dependent on us you are not we are not secure unless we can cut off your food supply and make you do whatever we want in foreign policy and treat you like we're treating iran. we're not secure if we can't put in our devices spyware so that we know what you're doing that's why we wanted to know what angela merkel was doing of course we want to listen to work so we can feel secure that germany is not going to do anything that we don't ask it to do and china is making telephones and computer equipment that we can spy on and that is a threat to our national security because they're interfering with our ability to spy on you and on it and there's no way that china is going to. they

ok we surrender we are going to be your client all growth and economic output can be siphoned off by the united states is monopoly rents there is no way that it can do what the china the basic principle is the principle of adam smith in the classical economists that monopoly rents there underneath income there extractive and that technology should be something that anybody has the chance to use and the country that can produce technology at the lowest cost meaning without debt without high taxes subsidize military spending without military and financial overhead is going to be the most efficient in the world now this is been brewing for a while and for a while we had these symbiotic relationship between us and china where we were exporting our jobs to china in exchange for really cheap stuff really cheap manufactured goods so that our recently unemployed folks in america could buy t.v.'s much cheaper so buffered the impact of being jobless but there was the

circular logic they were accumulating all dollars but they were sterilizing those dollars to make sure that they didn't cause inflation at home except her and so but there was and people brought up this fact that you know eventually this is going to become more of a conflict but they said no because it's a beautiful symbiotic relationship so now it sounds like things are becoming more tense and it's more of a conflict going on so how does that play out if there if it sounds like again the financial wars that they're being waged here in the financial cold war what who's holding what who's got the advantage in this case and how can the like where would it go from here will the united states once the free market and the free market means you can't compete with us a free market means you have to buy from us if you make your own food or your own output that's not free that's government interference and if you subsidize your education and your transportation and you're more efficient that is a threat to our national security because you're threatening to undersell us and

especially if the government. ports this like america supports the military and supports the pharmaceutical industry that that's an interference so the cost of us is putting in terms of course all right so then what how it was china's response and how it was to how does this game play well the tariffs are mainly against american companies in china that employed chinese labor to export to the parent company like apple so their marriage yeah yeah american affiliates so the american parent companies are going to have to pay much more from their affiliates if i were china i'd say if you're imposing a twenty five percent tariff on our exports we're going to impose a twenty five percent export charge on our exports to you so that we will get as much my our government will get as much money from our output is you're getting that's fair is fair we both get when i mean it's just going to be cochairman us in other words are these both of these countries going to blow up by in gage in this cold war financial called wars are going to be a winner is not

a winner the world will change so the whole game will change it's not like most. windows games have called rules a war isn't a war absolutely it's a war ok so in mors there's usually winners and losers and so who's going how's it what's the endgame here. it will be each country splitting and going its own way that chinese. built and road group the eurasian group what they what they already called our twenty. or twenty countries will go their way and the americans and their satellites canada and europe and latin america will go its way so you'll have a fracturing of the world and instead of a war they're saying ok let's just have a boundary and countries america is forcing other countries to truths for instance america says look we wanted to rands oil since one thousand fifty three that's why we overthrew most today any country creating with iran you know we're going to

block because we still want to grab its oil and. our we've made a deal with saudi arabia to fight against the shiites so in a country that's not agreeing with this were exploding so america is already doing in this case it's a transformation it's a trans a minor fix that the trade routes that have been there for decades are going to going to shift it's going to be a much different looking world trade is going to be a lot different one road one belt and going that whole eastern world it becomes a joined and they have a trading block there the u.s. is going to have to figure out new ways to bolster its economy and so that on the currency front the dollar according to some like rate dahlia a very well respected i phone is going to drop thirty percent or more we've got about ten seconds or less do you see the dollar in peril no the japanese stone i mean the chinese don't either the chinese are convinced that the dollar is going to remain strong because it can simply get all the money at once from europe and from

its satellites so it can drain the satellites for a while so you've got a chance modification of the global economy and you've got a strong dollar that's a fair summary of your predictions for twenty one thousand for the time being yes very good well that's going to do it for michael hudson now let's go over to michael ten to see what he thinks about twenty nineteen might call past. him to for addiction that have come fast and furious year after year is that china will be collapsing this year twenty nineteen going to finally be the year that their debt collapses yeah i think so and i have been predicting the collapse of china each and every year just that their rate of growth the second derivative would be slowing profusely i think china from all indications that i can tell is probably in a recession right now and they cannot comp the stimulus that they put on in two thousand and sixteen again and even if they were to you one would absolutely.

collapse above seven so the dollar and keep going from there so i don't think they have anything to do in two thousand one hundred but collapse and what that means for global growth you know they were responsible for one third of global growth what that means for the european nations who are their biggest customers is china. and i'm still me by the way they see that there is no conflagration with trade i'm assuming everything has worked out what's going on in china is a two trillion dollar debt in two thousand that grew to forty trillion dollars today it's the most unbalanced pile of dung the world has ever seen and yet they're building the one belt one road the united states then in full use the same technique right so will that one about one road initiative continue and or will it stop because of debt or will it stop because of us military intervention.

well i think that these eastern european nations are going to stop it themselves because what's happening is they have very onerous parameters for these deadly loads that they have and was happening is they're giving up their own sovereignty they're giving up all of the things that they want to china to do for them you don't want to give up your ports to china because you defaulted on debt so i think they are going to be one stop in china now the other thing is the rise of china as a political power around the world can their geo political power rise fast enough to outrun their debt and pollution i don't think so i do not think so i don't think so at all. well they are like way ahead of the u.s. and ai for example and a lot of high tech she did pivot towards high tech and high

value added products away from manufacturing tatts for you know wal-mart and towards artificial intelligence which many say that if you control artificial intelligence you control the next few decades in terms of the economy the global economy and they are you know heading towards outer space developing that sort of high tech stuff they're going to space worse to compete with us you think who'd be right with a they they are authoritarian and they do have a single party and they can mobilize rapidly don't worry about elections for a while either yet so we're talking about durations here stacy i'm going out two thousand one thousand two thousand and twenty in the long run asia is going to supplant united states as the global power but not an already nineteen they have a lot they have to reconcile this huge debt imbalance that's coming right in front of their eyes and like i said their usual outlet is the currency the currency starts to rise depreciate rapidly against the dollar all the asian trading partners

have to depreciate their currency there's a leaven trillion dollars worth of dollars in aman a debt outside the united states that's going to be bankrupt so once we get through this very difficult period both in asia and in europe south america and the united states then there might be a light at the end of the tunnel but let's get through that first ok and a final follow up on that could they be racking up this debt so rapidly china doing this because they know there is an end to the u.s. dollar in sight so why not i tell you one thing i say one thing china is doing that we're not doing and that's accumulating a lot of gold so is russia and so is india so i look at that is that in the fact that they have turned to reserves two trillion dollars left still ok that's going to be. a that will greatly ameliorate the problems that are coming to china we don't we're not so lucky ok so the big twenty nine hundred female is. yeah well as one of them and in their yield curve

a us recession earnings recession and economic recession and the stock market crash . i want to tell you one more thing and a complete capitulation by drawing power the head of the federal reserve going back into q.e. all right is it sounds like a good year for kaiser. thank you stacy r. i was going to do it for this special holiday episode with our experts of making their predictions and if you want to catch us on twitter just look for kaiser report has been max kaiser with stacy herbert say next on bio. wrong. just don't. get to see.

and indeed. betray you. find themselves worlds apart we choose to look for common ground. us veterans who come back from war often tell the same stories. were going after the people who were killing civilians they were not interested in the wellbeing of their own soldiers either they're already several generations of them so i just got this memo. that says we're going to destroy the government and seven countries in five years americans pay for the wars with their money others with their lives if we were willing to go into harm's way and willing to risk being killed for a war surely we can risk some discomfort.

with the whole make this manufacture consent to public wealth. when the room in clusters protect themselves. with the flame of larry go round the sun be the one. making all middle of the room sick. for . hello my name's peter and i've been living in russia now for about seven years and this is

a film about just some of the crazy things i've got soaked through in the time. the studio will shift to the foot of the full scale. so simmias you. wouldn't believe it but this is the site the area of a place called shakespeare do you might expect to see some maybe a final put it definitely will.