i'm actually not as or just not very. well i guess it's time to find out what's happening in the big bad world let's talk with stacy hey you know 1st i want to say that we are going to go on our summer vacation so you will see some summer solutions pretty soon and we are planning those and those are looking really good just a little housekeeping for those out there but i want to look at this headline to set up the other headlines in this article and this is something that we have been saying for 10 years is that you know it's a it's a game of capital versus labor privileged by the central banks versus everybody else and there's no headline but this and this is from last week and but it's

really relevant to my headlines today stock market jumps as disappointing jobs report fuels hope for a fed rate cut so there's a real conflict between the needs of the wall street speculators and the rest of the population you've said this before is that you know anything any time is good for the worker is bad for wall street so we've had now 35 years of great for wall street and any even little hints that wages are starting to rise or or workers are starting to have some sort of dignity again wall street crashes the fed steps and says go away workers we're going to smash you we're going to save on wall street well we have something called the business cycle and sometimes you'd have inflation as expressed by a rise in prices including wages was forced to raise rates in a way that would mitigate the risk of having too much inflation. this would usually

bring about some equilibrium for a brief period of time before you had the opposite taking effect the prices would get too low and then to stimulate the fed would lower interest rates and this is the quid pro this is the give and take between the fed and the economy the real economy then starting really in the 1980 s. under reagan and thatcher and deregulation you had the fed takeover and their sole purpose at that point was to try to squeeze workers' completely out of the global economy so wages never went up real terms since then but stock markets keep going up and the reason to justify this is that the fed will say we need to try to take care of deflation even though that they are causing deflation in an environment where their money printing is increasing the debt the debt load we have an incredible inflation of debt the debt explosion but we have no rise in wages if

wages reflected the actual money printing that's gone on sense 1985 wages would be $45.00 to $50.00 an hour right now if they kept track with the money printing but they have allowed china to come into the global economy they've outsourced all their jobs to china and they've gotten rid of organized labor and they have pretty much visser rated the middle class in america and they let the fed print money for their friends but it never enters the real economy in fact that the number is $33.00 that the minimum wage would be apparently if it kept track with inflation but also like where it was on course from $1.00 to $71.00 when we went off the gold standard so this is that you know people no one longer understand the you know it's a secret sort of. holding the public well it's

a private ledger that the central bank. heaps we don't really know how much money they're printing but you can tell by the fact that you would be earning $33.00 an hour at the minimum wage today rather than 10 which is what it is you also mentioned that like the capacity of debt they are the earth carrying capacity is reaching a limit and i want to turn to this interesting story and this is. the race to get the world the u.s. food and agriculture organization to head that. and it could already be decide it's been decided this month but the interesting thing is the race for it it's basically between a guy from china to run the world food organization un's food and agriculture organization and this frenchwoman and this french woman what she's doing to win the spot she's trying to get the u.s. to back her the u.s. backs a candidate from georgia really but what she's what she had to do to get the u.s.

to back her candidate to run global food body will not defend e.u. stance on g.m. which is genetically modified organisms catherine just lane tells the u.s. she would be more open to its interests in her u.n. role if she got it europe's candidate to run the un's food and agriculture organization which guides policymakers around the world has promised the u.s. she will not defend the e.u. position in resisting the global spread of genetically modified organisms and a bid for u.s. support catherine just plain lenell told senior u.s. officials that a meeting a washington on the 15th of may that under her leadership the f a o would be more open to american interests and accepting of g.m. owes and gene editing according to a u.s. official at the meeting well let's go back to the history of what was called at the time you unix see. and this was

a product from monsanto which is spend a lot but it gives you an idea of the intention of the g.m.o. industry these seeds are terminator seeds as they were also known is that they create a plants that were incapable of reproducing so every crop was did not produce seeds right the would not have the corn would not have it save your seed implanted again which is what farmers have been doing for about 5010000 years right so you needed to buy new seeds every year and then the price was controlled by. monopoly hold the intellectual property and this gave rise to a lot of suicides in india as my friend thousands of farmers when this was still going on with committed suicide so this gives you an idea of what the g.m.o. industry is all about they're all about turning food into an intellectual property having it governed by intellectual property rights which create monopolies and monopoly pricing and it's an extinction event for humans in

a lot of ways and if you're not able to pay $500000.00 for a meal let's say under a scenario like this then you will not eat that is important to look at it goes with that 1st story of you know the only way the only protected industries anymore in america are finance which is new york city maybe boston and hartford like the insurance industry as well. then you have the military industrial complex we have the basically the monopoly position on gun violence around the world on force and that's in washington d.c. intellectual property is by and large in los angeles through hollywood films and silicon valley through you know online software and stuff and you know aquarists in seattle so those are also where you see the huge property bubbles the barrier to entry is a feudal system but here with this. genetically modified seeds yes it's an intellectual

property issue but it's ha so like a serious you know you could put this into the context of say the 737 max you know whereby we had boeing self-regulating they were determined whether or not their plane was safe and in order to save money on redesigning the actual wings. in the frame you know they they just said yeah it's ok well we'll have a software fix so in this conversation that this woman had in trying to get this position at the f a o she met with a u.s. official who goes by the name of ted mckinney he said donald trump appointee and he said we are concerned about european pushes to ban sate and cut herbicide so that's round up which is now off patent so there are other makers of it besides monsanto which is now owned by you know the european bear bear but this

is another headline from bloomberg about life. round ups risks could go well beyond cancer evidence of the cheap herbicides danger to biological functions and the environment continues to mount why are u.s. regulators not listening so at the world health organization they concluded that the life i say is likely carcinogenic but both the u.s. environmental protection agency and the european food safety authority have declined to do the same but the e.p.a. and the f.s.a. relied on information provided by researchers linked to the industry and considered studies provided by the industry that were not peer reviewed or made public so again you have this. you know you have this profit at any cost no matter what the socialized risk remember that the risks have been socialized to the general population the top one percent these corporations is multinationals and wall street

never take any risk they're given free money they're given free intellectual property rights no matter what the cost is to the. population so here they're bloomberg is asking why aren't the regulators doing anything to know we have of course the cigarette of history knew of the cancerous the energy industry knew of the ecological damage they were doing and g.m.o. seed industry knows the life of say risk and its ties to carson carcinogenic poisoning cancer etc and it's an economy that's built on for the without the regulators doing their regulating without them without them in the pocket of the corporations and it was the regulators were not bought and paid for by the corporations and corporations are allowed to go without unfettered with any checks or balances at all which is mostly what we have now it you you

end up with jim jones like death cult it is as your economy in america well also we no longer because it used to be that we concern ourselves only with quarterly results and now it's day trading results like everything is about day trading and how much the markets went up that day and has to go up 12 percent every single day day after day after day right so that we don't like to look at the complex long term situation so like 10 years ago the markets were crashing so the fed just created all these unconventional which are now conventional a techniques of pouring money and giving free money putting all these bad debts onto their balance sheet and 10 years later we see we see bricks that we see trump what we see the consequences of that. here is the same thing is glyphosate manufacturers they say which now include many companies around the world monsanto's patent expired in 2000 have long argued that glyphosate is completely safe for humans animals indeed

all non plant life because it works by inhibiting a biochemical pathway that plants need to grow and animals don't share that pathway which is superficially reassuring but it only means that glyphosate shouldn't starve animals to death as it does plants chemicals however can exert effects on organisms and marriott ways because what the new studies are showing in this bloomberg article highlights some there's several of them but what is showing is that it is actually causing. basically deformities in animals 2 or 3 generations later not necessarily the 1st generation or even those exposed the glass glyphosate but is causing birth defects in these animal life was the monetization of psychosis or psychotic and there are serial killers but there's a tough time for complexity anymore everything just simple you tune into cable news and it's like. oh there goes to food you know and that's it that's the extent of

our our our understanding of politics around us the same with our economy is print more money here it's like just throw garbage into the environment as long as your food is cheaper just drinking the kool-aid all right well much more coming your way after the break don't drink all the kool-aid leave some for the kids. in many u.s. states capital punishment is still practiced convicted prisoners can spend years waiting for execution but most of the time to. favor the death penalty some people

because of what they did. somebody even proven. true how many more years is it going to take before we as a society realize this is not working and we actually do something about. 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 only closely i'm going to resist how that strategy will be successful very. time to sit down and talk.

welcome back to the kaiser report i'm ask either time that or return to our conversation with michael pent up at the park dot com michael welcome back thanks for having me back next hour i'm michael pence i was psyched about gold you know a stamp druckenmiller he's a billionaire investor he thinks interest rates are going to go to 0 how come gold is not reacting more. that maybe they're all you know or he gives a bit coin you know i'd say you know i had a little bit of a step back and get where i was so convinced that it was going to go to 0 but i have to tell you if you need to get your money out a communist where hyperinflation economy there is room for bitcoin to exist on this planet so i don't think it's going to 0 only is going to $100000.00 per unit totally or some other people might think well once that once a thought but perhaps not 000 why isn't gold going up any gold is outperformed the

stock market since the year 2000 gold is in this and starts on a sweeter all time record highs in my opinion it is going back to 0 they don't think it's a quantitative easing there's going to be a universal basic game come there's going to be an empty there's going to be helicoptered money because the economy if there's a recession and it's not on. there isn't enough in the mission to lower interest rates they only have 225 basis points before they hit be a set to lower bound and your own powell that drill now even admitted there he had to be effective lower bound japanese were to be at the same interest rate as the e.c.b. same interest rate as the. bank of japan was me no reason why people were going to want to own dollars over euro's were very short so gold is going to have a massive move in my opinion real interest rates will be full and the dollar will lose its world's reserve currency status is

a process that's in motion you know the miners are in another thing in $83.00 janeiro depression which is where i think any miners are stocks or most so they don't do very well in manage vironment but go visit google does much better right well yes to your point clearly let me jump in there so gold has set new all time highs and australia and brazil close to hitting new highs and russia and canada so on various currencies around the world is either at or has made new all time highs and you know it has opera from the market for many errors but let's just talk about gold and big point for a 2nd because it is becoming a bigger factor in the marketplace and you do you know pick oil in the past years now because it has done so well you've traded some mobiles as a very wealthy players in the space like barry silbert over there greyscale

investments who spent a lot of money on an ad campaign called drop gold and it's not an impact on the market the gold community has reacted they they're all in a in a tizzy about this and you know why do you think that what why can't gold you know strictly from a marketing point of the. why can't gold market itself better you know why is it the have to constantly be on the defensive hair if it's so great why why do they say it like tonic their product and i buy something because it's the grain revealer i mean banks will goaltenders do well is either it depression or labor inflation which is really big it really made environment for banks and for governments so little of this interest in suppressing its value goes the same you know quite the same for coin yet it's just a it's a much much smaller market compared to gold so i really think it has their intentions the greed that many that it's

a good point is that you know jamie diamond is never going to be a huge fan of gold governments are never going to be a huge fan of go because gold does well there's just the truth it's real and honest money and when real has but he does better than just getting can say which is where the central bankers do. a dish most of them for what they truly are. indeed you don't like it that's why you need spokespeople but really i think people understand this really if they want to prove in store of value as true it is else there's thousands of years they need to physical gold because it turns serves their purchasing power these are the their currency that they're living in these of the nation they are living in joy as you said gold the city

record highs all over the world and it will soon i predict set record highs even against the floor of the our currency known as the us ok fair enough now our christine legarde over there at the i.m.f. she recently suggested that the i.m.f. may look at issuing a crypt out special drawing right or s.-t. r. so your thoughts on the s.t. are our friend jim records as always argue that the s t r will be deployed rather than gold in the next crisis in other words he posits that there would be a $100.00 trillion dollar debt facility or lending facility based and special drawing rights and roll up all the central bank's bad debts into one big massive roll up into an s.t.r. back debt arrangement so anyway christine lagarde is talking about a an s.t.r. crypt out what when you hear that what do you think michael so 1st of all there's a giant shoni i mean is 3 card monte i mean the i am here is the r.'s we're

learning there are composed of it's a basket of jewelry so your currency so if i don't have any more feet if the dollar is the world's reserve currency and i really think the euro is is going away extinct and i think the yen is the worst form of counterfeit contenting then why in the world if i put them all together in a basket with a. anymore value because the i.m.f. and christine look gorgeous is that they do is that. in fear of bird seeds if you're bad you're going to have a crippling currency has ruled well i think what will in nature one inhabited by ghouls lose mine supply is limited by gum and nature and not by some. digital optimists is what i like to call them you know there's thousands of cryptic currencies around the world all reforming the same function ok

if she says your lies. upon his leisure anonymous and it's not his letter characters they're about their out history there have been thousands there have been thousands of physical assets that have been regarded as a star value whether it's shelves busy or fine art or copper or silver or busy busy gold has emerged as the preeminent one over a 1000 years similarly there are various digital currencies and digital assets bitcoin is emerging like gold to be the preeminent one in its class and as a guest on a $1000.00 as i said before most of these other ones will go the way they carry shell because they haven't been proven but you know the thing about the s.t.r. and fia currencies is that they have one thing on their side and that is coercion you know the government at the point of a gun as paul krugman of the new york times a said is the is what backs the dollar it's violence now as far as gold goes yeah ok it's a store of value it's hell

a test of time but millennial isn't general generation dizzy you know they they don't they don't think of gold they think a big coin they see it as equivalent a big coin i mean guys like you will say it's not but again the question is why why can't you market it better why can't you put this case forward that it is something that should be looked at instead of decline really are a huge body of information to suggest that the 2 are equivalent in many ways. wider war he told i want i want i don't want to stay down here do you work orders because i can buy more of it at a great price i don't want to work i mean gold work itself is absolutely beautiful is extremely rare it is virtually indestructible don't you think i say if you can find new elements that are being created on a daily basis that to fill those same requirements then i would tell you the price of gold would be plummeting so when you look at a big cool plane or any of these ready complex currencies where they are what you

actually call them is a primary key which just is comprised of 64 electronic numbers and letters saying you know it just doesn't excite me it might excite my son someday and he's only 15 years all right now he doesn't really care about but i mean sort of the let is or to when it was a concern are you never put your trust in something like gold changeable physical then does it need more getting or something like a point which is really just electronic alchemy i mean you're not you're never going to convince me i said yeah i know i know they're going to inventions they have to understand you have got 2 generations now that are native to the answer net and they're completely comfortable it does it all. assets and virtual reality and the digital world i mean that's the world that people are migrating into i mean the fact that they're not comfortable with it and not you know i have similarly you

know had a cat to work my way through it is because when i was born in mid previous century right i'm old. big i just don't get it you know you know i think i'd be honestly my son does like to watch and participate in electronic sporting events so you know you just we're thumbs that your fingers on the keyboard and you know and this is to me insane why anybody would go to watch somebody else play on the computers or maybe just that it's not maybe being 35. years old almost 6 i'm just an old man at a time where a lot of shit what if you know your son will soon be buying an interest in a share interest in those digital teams and betting on those interesting tale all the way to do that as a crypto assets sell in a making the case crypto is and as well is very clumsy and expensive to move around well i'd say one day i mean it should i mean i wonder why maybe it's this or even it is fomented by governments because why is it the one competing with each other big you know big green and gold won't exist i mean if you want to use the. media

scenario if you want to write with a poor guard you might want to put some go get over the border i'm here you say your laptop we're going to order and say you know in these laptops there is it you know there's a private key and you know it's in our drive somewhere you're going to be really good for you something i mean you know they both do exist together if you want to get your money and in china which is it's you very high debt dung the government and the people in china the government of china as your insurance hearing throughout the day which is about to collapse and all it can do is to to. rip it up so and see if you're more debt like into a it's going there it's the be a little conference that they can go build infrastructure projects more old digging projects so you want to get your money you want big cooling is a pretty good way to do that under the radar return of the government doesn't mean a goal doesn't have a. right we got

a car off there great point pallavi on back thanks man the cars are poor michael thank you max that's going to do it for this episode of the kaiser part with me max kaiser and stacey armor like to thank our guest michael. port out com if you like to get in touch with us on twitter it's kaiser report until next time by. why a paradise with some ground turned into a round the experimentation field for agricultural chemicals we know that these chemicals have consequences they are major irritants there's no question otherwise why would that the chemical company workers themselves be geared up that suited up locals attempt to combat the on regulated experiments that often in day you have many of these people who have one foot into the biotech pharma and the other foot in the government regulatory bodies this kind of collusion is reprehensible while

the battle goes on the chemicals continue to poison hawaii and its people so one has to ask the question whether there is a form of environmental research going on in hawaii whether these companies feel they can get away with this because the people have less political power. joined me every thursday on the alex salmond show and i'll be speaking to a guest of the world the politics sports business i'm show business i'll see you then. we had one man 3540 years old. in the water. some 30 fisherman. and it's not. understood.

that he's going to want to do something and i. will stop and help them out. i believe that this is one of the therapy is. tama. absurd really harsh things that happen in life.

it's not that bad but. this hour's headlines stories the u.s. sends all additional one troops to the middle east as tensions with iran continue to rise it comes after washington accused tehran of the recent attacks on 2 oil tankers in the gulf. and use social media platforms set up by the controversial psychologist jordan peterson ignites the bait he sees it won't be any content unless u.s. courts order it to. the comedian regencies people in the public sector or allowed to were religious symbols of work anymore but rights act.