furred approach for protecting consumers from pathogens such as salmonella and capital back ok. well can i wish that issue you can't talk about chicken without bringing plucky on because plucky is a monetary policy expert and this whole story does remind me of cheap money and cheap products you know you want to reduce the price of everything reduce the price of money and what was the actual cost. what you want to know where he got the jacket. this is one of his cohorts on the farm which was a he thought he looked familiar. jerry jerry jerry the cow it is leather i have to say but jay rayner the b.b.c. presenter said about this chlorinated chicken that we know that breaks it is all downsize it is often called an act of national self harm but letting in chlorine wash chicken as well as woody demands would be literally harmful to the health of the nation it makes me sick in so many bloody ways so plucky you want to do

a chlorinated chicken. myself. every morning is a right done any harm oh ok. good i'll yeah i noticed he lifted weights you know you have to get over it every day every day. who apparently doesn't really hurt chickens corina plucky well according to plucky but according to nick dearden of the campaign group global justice now he said the reason u.s. farmers do it is because their animals are raised in such cramped conditions that the only way to stop them becoming diseased is to dunk them in chlorine it's really an animal welfare issue here if you can farmers want to compete against american imports they'll have to lower standards or go out of business because of course it is cheaper to you know fifty chickens and one little coop that maybe in europe they might put five in the same sort of size cube so here they pound them and they

become diseased they can't move they become really giant obese and counts are written with tumors and things like that so you know you're it drives everybody it forces everybody to have to compete with that because it's if it's just on price point you do front you think you are packed into a tightly in those industrial farms where there are other chickens you know. so i mean you know my. he enjoys it actually so in the meantime in the united states here's an interesting one from big ag which is per do which is the largest chicken producer in the world with the u.s. awash in cheap protein chicken giant perdue farms is targeting shoppers willing to pay a premium for humane treatment of livestock so they're basically admitting that it is very inhumane to treat their livestock in the way that they do and but if you don't want the chicken to get tortured that you're going to have to pay up as i say

my tweet pay up or the chicken gets tortured so they're basically threatening you or. sounds like guantanamo bay for chickens. or the weather is cruel. really. you know laughter got a. good you're going to not right now you maybe later what check out your rush and i want to look at this next headline about chickens because this reminds me of the monetary policy in the monetary policy now since we're no longer on the gold standard is that cheaper is better more is better so the more debt there's no sort of limit to the amount of debt we can create based on our global financial system whereby there is nothing tethering it to anything real so this is a tweet from the economist in one nine hundred fifty seven a fifty six days old chicken weighed less than a kilo their current counterpart weighs more than four times that here's the chart

in fact it weighed zero point nine kilos in one nine hundred fifty seven one point eight one nine hundred seventy eight four point two kilos in two thousand and five is that because we read like better stronger faster more healthy chicken or is it because we've injected them with hormones and antibiotics and steroids and. they're filled with tumors and they're tortured. as per you has admitted that they treat them inhumanely impact the man and they're not exercising and they're you know it's fewer as less and less actual protein and more and more actual blubber and fat so the top line here is that the u.s. wants to export these chickens to the u.k. and the u.k. doesn't want these chickens because the u.k. of course is protected by the e.u. and in the e.u. the standards for food are quite high anyone who's gone to france for example in the chickens you on display at the various. or quite move on you know

and you know obviously well treated and they taste fantastic you have a chicken in paris that is brought up properly you know you don't you don't even recognize it if you've been raised on the chlorinated chicken that we find in the u.s. and soon the u.k. will have but that's the price of sovereignty isn't the u.k. wanted sovereignty so with that sovereignty combs chlorinated chicken you know what the good comes the bad you know you get you voted now you're going to get the chlorinated chicken that's the price of sovereignty and a surprise to cheap money so let's compare that again so here under the gold standard when we used to have chickens that weighed less than a kilo you raised the chicken and you sold the chicken to the consumer you didn't need interventions you didn't need to chlorinate it you didn't need to inject them with all sorts of antibiotics and steroids and all the diseases and illnesses that erupt because they're packed into a feces ridden sort of cage with fifty other chickens and the same with our

monetary system look you can consider this back in the gold standard and the this today with our hundreds of trillions of dollars of bad debt what do they have to do they have to introduce more toxic quantitative easing in monetary policy and order to negate the bad effects of jamming in all these bad investments and misallocation of capital into one financial system this would qualify under diminished. returns because the idea is profits fatten dumping gorged inflated chickens drop to the bottom line and the u.s. consumers last taxpayer citizen benefits by having all this cheap protein available at their supermarket but if we look at the same time that life expectancy in the us it's. crashing and the health care costs are skyrocketing so if you were to just the actual cost of inflating these chickens with hormones and washing them

in chlorine adjusted for the guaranteed health problems that come with eating this garbage sorry i'm going to cover your ears you would find that it's actually more expensive and how do they reconcile this increase in cost well they go into debt now at twenty two trillion dollars so there is no economic literacy there's no. as you point out with the gold standard forrest so much countability once you go off the gold standard money equals fi out food they're just printing chickens it's like three d. printing is just printing chickens big fat chickens come out of the factory farm but they have the effect of causing obesity america's the most obese country in the world the least healthy one of the least healthy countries in the world and though life expectancy is crashing into mortality is rising so clearly if you just look at

the bottom line cash and number and you determine that that is a ditch the value that you assign to whether you're succeeding as a society or not then you're going to be blown to the big fat sick cancerous tumors idiots walking down the sidewalk who are waving their american flag saying you are so you would say well guess what you are an idiot and now the brits have to eat this clown the place will be joining them and it's. very similar to the argument that you know a lot of these activists will have t. shirts that are made in bangladesh and those are made by people packed in like chickens and terms of they're packed in a locked into very fire hazardous sort of location underpaid abuse and sometimes there's children working in these sort of factories so you know they are cheaper you know to lock in them all these basically slave labor. when i move

into i don't know what kind of a thought of how to. do. this very good plucky i see in learning some new skills they would love you in dublin and then speaking of this sort of. you know frankenstein food here's an interesting story as well because you know when you look at all the hormones and all the antibiotics forced fed into our food supply in america is. the antibiotics are causing antibiotic resistance aren't they so there is like the super bugs coming in who knows what eventually will emerge from that and wipe us all out and was you know the cheap chicken worth it at the end of the day when like half your family has been wiped out by the next superbug only known cure or fecal transplants for the superbowl stations i mean that's a rising cure so speaking of bugs you know you and i while we're driving across country for god so we noticed that that the only place that we saw bugs and we

noted it in the episode through new mexico was that there was a lot of blood bugs splatter well perhaps you know maybe correlation doesn't necessarily causation but this chart in this article might explain that monsanto is roundup weed killer found in top beer and wine brands a new report by the u.s. public interest research group erg education fund reveals that many beers and wine sold across the u.s. contain toxic glyphosate from lead killer of course this is not allowed in europe. but the world health organization has found that it causes cancer but in america we're just focused on the bottom line and for shareholders and if americans will take it they'll give it to them and the darker areas are where more roundup is so that whole heartland. of america where all our food products are grown that's filled with roundup but you notice of this whole white areas where no roundup pursues because there are no crops that could use it and that is like nevada

arizona new mexico and we definitely did notice. of bugs there compared to where you know that you are or through that area you know as. you know i'm stunned at the bagel crazy. bees become extinct and if they become extinct humans will follow why because the insects pollinate all of the flow or plants you know that's the vegetation that you know cows are basically herbivores on thing you know i eat vegans. cows but if there's no plants there's no cows there's no humans was no life. and the russia gate hoax was a hoax rachel. first my apology. well i did hear you. ok well we're taking a break when we come back more. what

politicians do you should. put themselves on the line to get accepted or rejected. so when you want to be president i'm sure. most somewhat want to be rich. but you'd like to be prosperous like the four three in the morning can't be good. i'm interested always in the water using our. first super bowl. after the previous stage of my career was over everyone wondered what i was going to do next the ball different clubs on one hand it is logical to go from fields where everything is familiar on the other i wanted a new challenge and the fresh perspective i'm used to surprising people by salt or

not if you think. i'm going to talk about football not for you or else you can think i was going to go. by the way ways of the slide here. join me every thursday on the alex salmond show and i'll be speaking to guest of the world of politics sport this list i'm showbusiness i'll see that. sankoh up come up come on. both of you know what the cost. to the country. for you. to join you come up from up there and i don't think i want to. go to go because

a couple of i don't want to see any e.g. god honey. locust spirit the ok sign here to us what you know full well for you if they think you know how to. say about fishing to go about it you want to go there from the get don't think now not there. but not god like in a way out of fear of looking in. this little one i feel as if a good night is. welcome back to the kaiser report i'm max kaiser time now to turn to mr shand lock of mis talk dot com mr welcome back personally back on the show max always a pleasure michel block is ben bernanke in the federal reserve bank in general the

cause of the rise in socialism amongst millennia leads absolutely max i rode out on the financial times the other day but i had already come to that conclusion long ago and we've talked about it many times max by bailing out the banks by driving up asset prices and then keeping students trapped in student loans for something like forever they can't afford houses it's no wonder that we're seeing this rise of socialism tax the wealthy just take it from them elizabeth warren is pounding the message to harris and california spending the message the new darling of all of this of course is a oh say who wants to spend somewhere between fifty three and ninety three trillion dollars on a green new day oh that can't possibly work financially but it doesn't matter they're upset and we're saying this rise of the radical left right so the

fact is that the idea. of distributing wealth that is generated by the state already exists in the united states it's called monetary ism and you have the central bank who creates trillions of dollars the problem that a i.o.c. is having is that she's not on goldman speed dial or she's not on wall street speed dial or so what she's saying is that she wants to be part of this socialist paradise that exists right now. she wants to be a part of it she wants to put it why the if she got her broker's license she too could be an american socialist mess. she she says she's running at no one else has stepped up to the plate so she said i'm in joe are that's what she said so in a very cocky air here this is interesting that greenpeace came out the other day

and you know called her. an economic tour at you know here's a guy that's you know purportedly you know trying to save the environment who think she's just absolutely crazy and of course she's crazy it doesn't matter trump himself was a symptom of this people blamed trump for the rise of socialism bull trump and a oh say are extreme directions if you would all of the same rally cry and it's not just the bad it's the fed and the banks and government look at the bankruptcy reform act of two thousand and five under bush he made student loans not dick char dischargeable so what happened cost of education is so our students were trapped in debt loans forever they see this there's no housing

formation why because kids can't afford houses kids out of school can't even come close to forty house and the whole notion of saving up for a house my gosh home prices are rising way way faster than wages so they're angry just as trump. you know rocher the occasion got everybody and the rust belt states you know to vote for ham and you know it trump was assailing china the green new deal is just literally a selling everybody and anything saying give me money right but if the objective of the social democrats which would include bernie sanders and they all say if that's the objective a more fairer distribution of wealth then aren't they lobbying for capitalism because there's no more fairer distribution of wealth then capitalism and by

capitalism i mean that when banks do bad things they have to go out of business they don't get baldauf by a socialist central bank but let's move on some millennial is out number boomers they have the votes to override turn the fee admin up lee playing board currently set up to benefit the boomers so what do you suggest the millennial do in a case where they are last on this pyramid scheme in other words a l c is the last in the pyramid scheme she's the just she could be heard the money or are they going to be caught holding the bag of what is already a pyramid socialist money printing scheme and again i repeat isn't the solution relate to consider capitalism miche you have to nail on the head what they're railing against isn't capitalism the railing against the bailouts calling it capitalism but that's not what it is they're railing against the you know obscene wealth of certain individuals part of that is capitalism but

a lot of it isn't it's government handouts it's bailouts it's secret deals you said it yourself in a you know a criticism of warren buffett i mean you called you accurately call the out on that vaccine or in a video not. long ago but they don't get it they don't see it that way there's no one out there explaining it to them in these terms you know so we have the likes of you know paul krugman we get. with his keynesian policies we've got him a m t which obviously a o c is is a spouse thing too wide because they're hearing the message they want to air max that is trillions of dollars of debt simply don't matter and that's the price of her green new deal and it's not trillions of x. it's cost estimates were range from you know fifty to what ninety three troy and

right i had my own estimate it was just off the top of my head guess so eighty trillion i said but you know al gore wanted to spend sixty trillion i-max i don't know how you spend sixty trillion on anything without causing a problem. it's all crazy but they don't care because they're mad and they're angry i've got a friend of mine who's actually a socialist he knows this is economically stoopid. he doesn't care either he's angry enough to just want someone else put in charge that's what we've come to so will it happen i don't know max i thought that trump didn't stand much chance of winning the election and one of my reasons is i'm still convinced the us economy is heading into recession and if we're in a recession it's never good for the saying president but you get someone out there

like elizabeth warren if she is running against trouble she she wants to. put these taxes on the wealthy which you know that might fly but giving slave reparations to blacks max eight to eighteen percent of the country's blacks black that's not going to fly that kind of stuff that kind of extreme rattle radicalism can put trump back in the white house max. well let's let's focus on the cost of this green new deal so their projections are fifty trillion sixty trillion we know that the bell outs of two thousand and eight they started out with a seven hundred billion dollar blank check hank paulson negotiate with congress and then over the years that morphed into roughly a seventeen day eighteen trillion dollar bailout for banks if you include all the guarantees and the extensions and the contingencies so. here you have

a story that i would think if they're talking in the trillions and they're talking green new details in the talking reshaping the economy and radical ways here's a here's a headline that's a grab the democrats socialist attention to says that the fed recently indicated that quantitative easing will no longer be used just for emergency but it's now part of their ongoing official policy again so in other words they're already doing keynesianism they're already doing m.m.t. they're already doing money printing it's. it's there it's already happening right now so and it's not working this is not working in america socialism is not working in america today just like socialism is not working in venezuela today socialism doesn't work best so why why why don't they understand that the debt the federal reserve bank is a socialist institution unaccountable and has nothing to do with capitalism and that they're fighting the absolute wrong fight miss absolutely max you couldn't

possibly be more you know if there's one thing we've ever agreed on. this this is it and. we're not in m.m.t. in the us yet but it's certainly tried and didn't work in japan yes our conclusion is that it did this i'll look to my own as a blown up yet max but what if i am they've got all this debt it's still it's still sitting there if. they've got people will say negative interest rates simply because they don't see a future this is what happens and this is the extreme best and that you can ever get out of them and take is is is secular stagnation now the weird thing is that you have people like larry summers out there preaching secular stagnation

darry we need more data and the m.m. payers say well that is savings they've turned this whole thing upside down you know and i know that saving is what's left over when you produce something and you don't spend it all it's west left over here we're talking about guaranteed living wages in this green today all for everyone no matter whether they can work or nah. it's crazy it cannot work and yet they say these experiments work they tried want in what was it sweden or friendly just abandoned that they tried one in canada which they claim work but there was canada d.-o. work is everybody in. one province ontario gave money to all the residents in one tiny little town of course s. going to look like it's going to work it's it's because these people get money they

spend it and they're happy but how does it scale take take that one city scale it up to the whole province is is the all the rest of canada going to give money to one province in canada and then you need to go one further what about applying it across all of canada where does the money come up from where does the money come from now the m.m. tears will tell you it doesn't matter that's like saying it doesn't matter whether you spend ten dollars for a car or twenty thousand dollars for a car it just doesn't matter it's crazy it's illogical yet this is what these people believe why because everyone likes to believe in the free lunch craziness max lol i mean this is a sense of letting conversation and we're going to carry it over to a second part i fear or i'm quite glad to report but you know i mean that the problem is really that down without the incentive to compete

you know you end up with. an economy the lax dynamism and therefore a lax variety and without variety you remove one of the planks that makes a society or an organism or nic a system survive you need biodiversity unique competition for survival in a way got a cut off there will pick it up in another segment mish thanks for being on the show leisure three hundred x. . all right and that's going to do it for this edition of the kaiser report part one with mesh and try to catch us on twitter it's on the kaiser report label there and it's all next on bio.

seemed wrong. but. just don't. get to shape out to stay. active. and engaged because the trail. when so many find themselves worlds apart we choose to look for common ground. this is a stick from the water bottle phone in the stomach of the fish the brand is spawns of the coca-cola company which sells millions of bottles of soda every day the idea was that let's tell consumers they're the bad ones they're the litter box they're throwing this away industry should be blamed for all this waste the company has promised to reuse the plastic. that's. their plastic. the new phones at

a special projects funded me. on the. phone now the mountains of waste only grow higher. during the great depression which are old enough to remember there was most of my family were unemployed working. there wasn't it was bed much worse objectively isn't today but there was an expectation that things were going to get better. there was a real sense of hopefulness there isn't today today's america was shaped by the turn principles of concentration of wealth and power. reduced democracy attack solo doubt engineer elections manufacture consent and other principle holds according to no on chomsky one set of rules for the rich.

that's what happens when you put her into the. narrow sector of will switch will is dedicated to increasing power for chills just as you'd expect one of the most influential intellectuals of our time speaks about the modern civilization of america. crunch time looms for the british prime minister a reason may be secure is some assurances from europe ahead of a crucial parliamentary vote also coming up on the program this hour two decades on from the end of the troubles of a violent conflict in northern ireland few years returned the young irish republican army could be behind a string of threats the u.k. . and u.s. diplomats venice will i give an american official said.