i am a mascot as are this of the kaiser report yes celebrating ten years on our to your choice on larry king larry watch out oh another twenty thousand up a certain way all of caught up with your body. says hey i want to look at a misconception about bitcoin gold and reality i found on twitter because this is a tweet from tom howard is a partner at torreon angel group and he tweeted that s o v which a store of value is only useful to the rich most people in the world don't have savings to store and if they do they need short term liquidity on it they can't wait for the three year bt see big queen cycle to regain their value for

most people m o e or medium of exchange is most useful of course i responded to this to correct one point of his and even i had to google some of the data to make sure i was right i had no idea that this was so accurate and true and amazing those numbers indian women. the women of india own eleven percent of global gold supply so in fact the average income in india is one thousand six hundred seventy dollars per year so about just just over an ounce of gold a year they nevertheless the women of india own eleven percent of the total global coal gold supply right now this is something i've been picked up on really the last few years ever sence the be cash card for and this idea of soto see to toe she's vision being one of cash and peer to peer cash and as you point out at that time

and it's becoming increasingly more true it's cash as in anonymous transactions that the real value added for bitcoin is as a store of value not as a medium of exchange the protocol solves the double spend problem and in so doing it creates a store of value you know reminds me a little bit of buy agra because you know viagra was originally hypertension medicine and that is not how it is used in the marketplace is used for erectile dysfunction and it came with bitcoin it's a solid double spend problem and it can be used to peer a peer cache is that's true but its primary use case is as a store of value and for this gentleman to suggest oh you know people who have no money you know they don't need a store of value they need a medium of exchange that's like what about venezuela do they've got a medium of exchange called the bowl of our it's garbage and if they had

a store of value that was hard money we would have the problems in these countries turkey venezuela and the list goes on and on and the value of big oil is that it is a store of value it is hard money and it is predominantly useful for the poorest the the poorer you are the greater. the need you have for sound money we encountered this condescension towards ordinary people back when before a bit quaint in two thousand and eight and two thousand and nine when we were doing coverage on gold and silver people always left in the commons always said gold is just for rich people because is one thousand two hundred dollars an ounce silver is for rich people they always condescended to them and that these people just need you know to get by for the day they're just looking to get a meal for the day well in fact as the women in india have proven that the

really important thing is to have a store of value that cannot be inflated away by the elite who then condescend to you you know this is same problem we have across america the heartland they have to listen to rachel maddow they have to listen to enter sing cooper these people who make seven million ten million twenty million a year or in the case of anderson cooper inherited the vanderbilt fortune you know that they have to listen to them that you know that they don't understand the world around them the world that benefited those the likes in the elites in the city centers the metropolitan elite and that it's that those ordinary people don't understand their situation has a lot of deposits from the network c.n.n. and every every week or every two weeks or every month there's like this huge sum of money just pops in there and he's like where to go from even know how this happened like what is the soul of the oh you know i when i can go buy a house with it i have no idea where it comes from i've no idea why people are poor i'm no idea where the propaganda i spew on behalf of the people printing all this

money is connected to my propaganda i don't know i just blow there i look like ken doll and i'm out of the garbage you get drunk on new year's eve that's all i know. again before i move on to the next headline i always find it curious and perhaps even the audience might too and that is why do you rate the on boeing and lockheed . martin take ads out between anderson cooper between rachel maddow and chris hayes ask yourself are you is there anybody in the audience like looking to buy a boeing jet you know i guess maybe anderson cooper sorts can and certainly the saudi royal family owns quite a few boeing private jets but you know let's move on to the next headline because this is again. sorry we were quite early on we covered this years ago under obama but luckily i mean one good thing about trump derangement syndrome is that people are starting to notice things like the war in yemen and rachel maddow went years without covering it and now because of trump we're covering it she's noticing that

we've starved hundreds of thousands of you many children women and children they're noticing saudi arabia and you know they behead people they behead poets they they execute l g b t and so here is a story that we've pointed out years ago under obama but now is becoming news under trump. this is from politico and it says trump's risking financial disaster for america how the president's iran policies could unravel the u.s. position as the world's banker so basically she's warning that this switch system the fact that obama know how to behave while bamma did but that trump is now you know obama cut iran off from the swift system but they did allow banks to transact with them for non sanctioned items but now

trungpa saying no transactions whatsoever even for humanitarian goods to iran no medicines no nothing nothing could happen there. she's saying that the administration now has an opportunity maybe it's best remaining opportunity to minimize the risk to u.s. financial centrally the european union is inching closer to establishing a new financial mechanism to facilitate trade with iran despite tightening u.s. sanctions the e.u. is likely to make announcements this month tied to the third anniversary of the nuclear deals full implementation in january twenty sixth seen so you know we've talked about this replacement for swift europe wants to do we'll go into the details but it looks like it's going to be an s.p.v. not full like swift replacement but it is an s.p. be led by france and germany which were the only two nations that were considered

strong enough and powerful enough to stand up to the u.s. part of the deal dollars a shot in the world is to get rid of the mechanism to impose the dollars ation the u.s. dollars rolled reserve currency including swift which is this bank to bank transfer you know a ledger that's kept amongst the big banks of the world and by cutting iran off you have forced the country to adapt and to adopt and to come up with some new ideas and to make new alliances which is net detrimental. all to the dollar as wald reserve currency and you know the thing about kites is that they fly against the wind you know that's how things rise that's what evolution is the arc of progress is against difficulty so you give iran the difficulty like this and they will rise above it you put sanctions on russia and their g.d.p. now is ready to eclipse the united kingdom ok so you have to be careful who you're fighting with because if unless you can absolutely beat them year opening up possible losses so what she worries about is not iran might she says their

economy is small and that's not the point the point is the experience and the success and the learning process that will happen to europe and they can then apply it towards china the biggest economy in the world purchase power in the p.p.p. well she says and s.p.v. for iran trade is unlikely to me much furman's economy or the us his ability to marshal pressure around is politically important but commercially trivial and that is not sufficient for european governments and firms to rewire their relationships with the u.s. they are ran s.p.v. though will teach its managers lessons that can be applied to other cases in the future for example how to include non e.u. trade partners like china with its deep pockets the higher the volume of transactions the more lessons european officials will learn well you know there

might be a commercially significant but i am reminded of the great dr seuss who wrote horton hears a who you know i mean it just takes one voice in the wilderness to change the course of history if the u.s. wants to antagonize very well educated state like around and force them to adapt and open up a pandora's box of dollars ation have at it buddy but i think you're on the losing end of the trade and you know again she looks at the swiss system and why. so important most americans don't know this because you will not most americans do tune in to the likes of fox news or c.n.n. or rachel maddow on m s n b c or chris hayes and they never will talk about first they'll never talk about the financial system and how the u.s. dollar as the world's reserve currency does advantage them in particular but all americans you know many americans are not necessarily heartland i don't think at this point because of the huge deficits the trade deficit we have to run to maintain a u.s. dollar reserve standard but that's why you don't hear about it on c.n.n.

and m s n b c they don't want you to know that the system that benefits them is what harms you but here she is she points out that this is a severe risk for u.s. financial dominance over the mid to long term it opens up the possibility of europe developing a banking infrastructure that does not run through new york threatening the tremendous influence the u.s. enjoys as the global backbone for even simple banking operations if the trumpet ministration perceives and responds to this danger it can reduce the risk with minimal changes to its maximum pressure approach to iran so she's recognizing that you know that power of that all financial transactions everywhere in the world very simple ones you know two bucks spent in on a coffee and london you know has to go through new york essentially because of the global financial grid and that gives you a lot of power but when the elites run out of ideas of how to exert their power

when they get afraid as you mentioned before that they're afraid that they they start just wielding their power recklessly thus begins the hubris stage of end of empire. track of what the door of the power comes from they don't understand that there are monopolists and predatory monopolist at that and they think that their power emanates from some sense of exceptionalism and some divine right and they. they don't understand that it comes from exist or say extortion essentially and so they ignore the extortion they don't pay like the romans didn't pay their soldiers and the roman empire collapsed i mean if the us does the supports we have to the us will collapse full stop as night follows day it's not even up for debate that's what's going to happen well when we come back much more coming your way so don't go away.

in twenty forty you know bloody revolution to correct the demonstrations going from being relatively peaceful political protests to be creasing the violent revolution is always spontaneous or is it your style or here i mean your list put video through in the new bill is that idea pulling me out of the former ukrainian president recalls the events of twenty fourteen and those who took the lead invested over five billion dollars to assist ukraine in these and other goals that will ensure a secure and prosperous and democratic. join me every thursday on the alex simon show and i'll be speaking to get off of the world of politics or business i'm show business i'll see you then.

u.s. veterans who come back from war often tell those 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 from the circulated branches off that says we're going to attack and 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 then surely we can risk some discomfort for an easy for us.

welcome back to the kaiser report i'm max keiser time now to return to the have to eat after metals report and follow up on all the things happening in the precious metals market because they appear to be poised for a major breakout craig welcome back thanks max it's always fun to visit our eighty's so let's talk a little bit irving fisher who was wrong in his timing but right on the prediction the one nine hundred twenty nine of the stock market run a permanently high plot since the invention of the greenspan put thirty years have been pushing markets higher your thoughts. well max it is rather telling i think the action over the last month but december was the worst month in the us stock market since two thousand and eight and on christmas eve we got word that secretary minu chin was going to call a meeting of the plunge protection team which people may think is like some kind of fake conspiracy theory anybody can google the president's working group on

financial markets and read all about it it was created by president reagan after the crash in one thousand nine hundred seven so menuhin convenes a meeting of the big banks heads and everybody else that's on the plunge protection team while that meeting is going on on christmas eve the stock market falls seven hundred points on a holiday shortened session and then magically the very next day the markets are open the day after christmas on wednesday the twenty sixth the dow rallies eleven hundred points and it's now up something like twelve percent off the lows if someone actually thinks that that's like just generic people buy the dip because the economy's getting better and fundamentals are improving. they're just not paying attention it's just another part of the problem of how markets now are so manipulated whether it's the stock market whether it's the bond market and central bank intervention whether it's of precious metals markets in the bullion banks there's not much reality left but it's the world that we live in right well you know fifty percent of the stock market is owned by one percent of the population so

we now do you know work work it out if you've got a new ten who is working for the one percent of the population that owns fifty percent of the stocks and you've got the central bank constantly saying that we base our policy on how the stock market's doing right i mean that's not supposed to be the opposite you know they're supposed to be guardians of the integrity of the system they're not supposed to be actively supporting speculators statement pals. who own fifty percent of the stock market so you've got to pull. takhar say in a kleptocracy running the show you know and by thoughtful unrest is rising quite rapidly going to luck with that well you talk about this trade war with china it's escalating into a major conflict the u.s. has pressured its allies to reject. cheaper and perhaps a period technology and seems the us is done being out competed by china so where

we go from here krag well max that's been a big story obviously coming out of last year into this and i just to back up a second you know we talk about stock market manipulation and people think that's crazy it would take trillions and trillions and trillions of dollars to manipulate the stock market that's not how it works i mean ninety percent of all of the volume on the new york stock exchange in the nasdaq on a daily basis is driven high frequency trading it's all done by computer so if you can get the computers to do the heavy lifting for you by influencing a handful of the factors that the computers follow or are preprogrammed to follow then you get the machines to do all the work that's how the market is rescued whenever it's diving or you know how sometimes it magically seems to rally at three thirty in the afternoon into the close in it to end to china this is a big story obviously i want to suspect now that there is going to be some sentiment that we call

a trade war trade war that trump will soon for some terms of surrender in the weeks ahead if anything because his position is a weekend the u.s. market or the u.s. economy is already i mean clearly slowing political risk in the u.s. is really wring its ugly head consumer confidence business confidence is failing rapidly and obviously it's going to lead to a change in fed policy eventually this year but in the meantime we could with the government shutdown everything else we could be looking at a contract in g.d.p. as soon as we start getting the q one numbers in april. and so trump doesn't have the leeway to fiddle around anymore and i suspect like i said he's going to sue for peace in this trade war sometime in the next week next couple of weeks on terms that are far more beneficial to the chinese and that he was alluding to all through last year. to get back on the point of manipulating the stock market and the algorithms that manipulate and drive the prices i mean all you need to do is just

have to manipulate the one in backs that all the algorithms is to determine the bias a lot or is that they all algorithmically put on the floor of the exchange and that would be the volatility index or the v. i am right so you noticed i want to newton said the plan for traction team is going to come in the vix started trending down because they they know that if they commit don't need to do is manipulate the vix and they can manipulate the market so it's not that costly i mean i know i mean i invented this technology back in one nine hundred ninety six the virtual special specialist technology that was sold to cancer fitzgerald and they use it to manipulate markets every day you know and so i know for a fact you know they but that's that's not really new system people ignore it because it would mean a cutting into their their sense of self so you're in the camp that believes that china is buying gold for strategic reasons that they're prepping for an even laying

the groundwork for a post dollar world greg. well that's interesting max because it allows them we could maybe a week two weeks ago china publicly announced that they added ten metric tons of gold to their reserves for the first time since i think it was late two thousand and sixteen early two thousand and seventeen. early everybody knows that china mines probably three to four hundred metric tons of gold a year and none of that goal leaves china shores as an export so between that and all of the gold that's important here hong kong and shanghai we're supposed to believe are the chinese want you to believe that they haven't added any gold to their reserves since two thousand and six seventeen oh that's nonsense i mean no one would think that's the case so then you think well ok why are they telling us now that they're adding ten metric tons then what's the point in that

that's i think the bigger question you know the russians are in there every single month adding twenty five thirty metric tons consistently deliver the kazakhstan you look all around the world there's all kinds of central banks that are consistently out in gold and telling us about it why would the chinese state this little ten metric ton had out of the blue for the first time like i said a couple years i think that's the biggest mystery oh they're using it as a political weapon you know they're saying look you can do trade wars with us but you know we've been buying gold and we're going to get out of dollar i'm going to crush you because they mention russia there for a second you know china is not an ally russia is an ally of the united states china is not an ally the united states that's what cable news ratings to lose track of here in america and that china won't think twice about dropping the dollar and but you know how the u.s. is going to learn that are. all right so what other central banks are buying gold krag. as you go around the world not only like

a citizen the chinese the russians their cars extended in almost any global central bank that is a dollar creditor nation is buying gold even the reserve bank of india officially announced some gold additions in the last what maybe thirty days and so if there are dollar creditor they are gradually gulping their dollar obligations are a little russia and russia now completely eliminated their entire treasury reserves it was at one hundred billion dollars or something like that a few months back announced down to zero and as we mentioned on the previous episode if these big governments which are holders of dollars dollar creditors well they're no different than you and i or anybody watching this show that well least in the u.s. we're all dollar creditors we all dollars in our reserves if these big governments are taking steps to pare back their dollar reserves and move it into physical

precious metal i mean for crying out loud should the individual do the same i mean what are they telling you is coming and and i think that's the biggest message with these central bank editions right i mean i think that's an excellent point now let's talk about deutsche bank you know they're in the news because. the democrats and the u.s. are going to going into the trump deutsche bank relationship but you know this banks been on trouble for a number of years now a lot of people would argue that it's insolvent that's just being right you know held up what sticking blue and scotch tape as the lehman brothers of twenty nineteen analysts set off a global meltdown oh what's your take on deutsche bank i think it's funny max that a few days ago the headline crossed that the e.u. and the e.c.b. are in favor of doing should be merging with commerce bank. as if you're going to take you know like that and all the sudden turn it into you know something real i mean they're both trap. going towards zero whether that puts off the inevitable or

not i have no idea reminds me a lot of some of the force mergers of two thousand and eight remember like merrill lynch being bought by bank of america things like that that's what this smells of. the able to be in oregon bar lehmann brothers and yeah i had all that going weddings to try to cover up all the insolvency which they claimed was a liquidity issue it wasn't insolvency these banks are good businesses they just need a huge multi-trillion dollar bailout to tide them over the next week and is insolvent i've been saying that for years stocks trading at a new all time lows they try to merge with with commerce bank which they said is not big enough that the doors your bank problems as a derivatives book that's insolvent that's bigger than the entire euro economy they have when they have to merge with the year european central bank which of course they will do by another huge bailout and of course the price all the neural terms already near an all time i won't become

a new all time i crank right back to it think of it in the context of global central bank policy that we rolled out of two thousand and eighteen with which was tighter and quantitative tightening and it ended q.e. give me a break the only way they can rescue played things like deutsche bank or whatever entity it becomes is through more cash whether it's euro's or dollars or whatever so that whole policy is changing two thousand one thousand is going to be a very exciting year as we've discussed it's going to look a lot like two thousand and ten and doing your bank is just another symptom well that's the thing about the gold market is that once the market realizes what's going on that move in a move from thirteen hundred to twenty four hundred in a week you know and then it'll be too late if you're trying to get in at thirteen hundred obviously anyway. craig how do people reach you and find you're a fine work. well max you've got a great online community of metals report and just because this is going to be such an important year i want your viewers you have an opportunity to join us we've got

a half off coupon code for your first month is just simply max out two thousand and nineteen you enter that code at checkout you get a half off and there's no time like the present to get on top of this stuff and we invite everybody to check us out of metals report dot com well in your ear you appear to have a clear mind and your analysis is spot on i can't imagine why anybody would want to kick the tires on this to see if it's right for them for ask your doctor because you may have some symptoms that come along with this you have to be very careful anyway craig thanks for being on the kaiser report max it's always a pleasure my best to you and stacy already well that's going to do it for this edition of the kaiser report with may max kaiser stacy herbert special gas krag and if you want to catch us on twitter why not kaiser report the next time i'll.

be back to the past couple of years come back and said that it beats islands of plastic but the reality is there may still be a shape and. have it in this fine lair of micro plastics. very. typical thing. that we've never had an empty chair. like the. the tsunami. people obviously come in they just throw them into the water as disposal it may not be harmful for that little fish

that eats one fragment but once it makes its way up the food chain it's getting to levels. are harmful. so what we've got to do is identify the threats that we have it's crazy. let it be an arms race. spearing dramatic development that only mostly exists i don't see how that strategy will be successful very critical. to sit down and.

the former first minister of scotland denies any criminality that after he was arrested and charged by police. in edinburgh. issuing political crisis in venezuela international reaction with the country's opposition leader president. before meddling and the potential of a civil war. and demonstrations are up for cross the opposition supporters and police clashing. claim to fake news detector in its latest drives in the form of an app that ranks

sides to the.