30 minutes time but do stay with us for the report. is trump winning can he be reelected based on his record there are many other questions to remain in the white house will the democrats run against trump as opposed to challenging his record in office how the democrats learned anything from

the electorate since their crushing defeat 2006. time i'm actually does or it's 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 busy and this is something that we have been saying for 10 years is that you know i think it's

a game of capital versus labor the 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 fed rate 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 that 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 a to 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 $1071.00 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 cabal holding the public well it's a private ledger that the central bank. keeps 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 is the earth carrying capacity is reaching a limit and i want to turn to this interesting story and this is in. 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 organise the un's food and agriculture organization and this french woman 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 in 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 some spend a lot but because 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 they 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 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 bubble 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 macs you know whereby we had boeing self-regulating they were determine 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 the lifeforce aids 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 a european bear bear but this is another headline from bloomberg about the life state roundups risks could go well beyond cancer evidence of a 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 costs no matter what the

socialized risk remember that the risk 7 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 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 this 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 you it you you end with jim jones like death cult it has 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 breaks that we see trump 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 life i say is completely safe for humans animals indeed all non plant life because it works by inhibiting a bio chemical pathway that plants need to grow and animals don't share that pathway which is superficially reassuring but it only means that life of say 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

twisty monetization of psychosis psychotic and their serial killers the rest of the time for complexity anymore everything just simple you tune into cable news and it's like. you know and that's it that's the extent of our our our understanding of politics around us the same with our economy as print more money here it's like just throw garbage into the environment as long as your food is cheap or drinking the kool-aid all right well much more coming your way after the break don't drink all the kool-aid listen for the kids. capital punishment is still practiced convicted prisoners. execution but most of

the time to. favor the death penalty there are some people because of what they did have given up the right to live among us. and how many more exonerations is it going to take before we as a society realize this is not working and we actually do something about. welcome back to the kaiser report i'm ask either time out 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 pants i was psyched about gold you know 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 hoarding is

a bit coin you know i'd say you know i had a little bit of a step back and did it when i was so convinced that it was going to go to 0 but i have to tell you if you're 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 like totally or some other people might think or once at once a lot but perhaps not 000 why isn't gold going up any gold is outperformed the stock market since the year 2000 gold is starts on a sweeter all time record highs in my opinion this is going back to 0 busy 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 the a set who will lower bound and your own powell bit drawn how even it may be there he adds to the effect of lower bound japanese are going to be at the same interest rate as the e.c.b. the same interest rate as the. bank of japan was me no reason why people are 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. 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 here 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 view. oh why can't gold market itself better you know why is

it the have to constantly be on the defensive care if it's so great why why do they say it's like panic their product thing i don't think it was the great revealer i mean banks were told tesa 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 was 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 of. us 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 is real and honest money and when real has he does better than yours bidding can say which is

where the central bankers do. a dish both 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 then has proven itself there's thousands of years beneath you physical gold because it turns your their purchasing power these are be their currency that they're living in these of the nation they are living in joy as you said gold is sitting record highs all over the world and it will soon i predict said record highs even against the floor of the our currency known as the u.s. dollar 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 sunny why christine lagarde is talking about a an s.t.d. are crypt out what when you hear that what do you think michael so 1st of all there's a giant showing 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 lawyers so your currency so if i don't have any more faith in 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 insanity

then why in the world if i put them all together in a basket with a. anymore value because the i.m.f. kristie lu gordon says that they do is that the early in the early thirty's if you're bad you're going to have a crippling currency world war i didn't what will in nature one inhabited by ghouls lose mine supply is limited by dumb and nature and not. 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. are time his leisure anonymous and returns letter character as 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 or fine art or copper or silver busy 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 hella tesa time but milan deals in general generations z. you know they they don't they don't think of gold they think a big coin they see it as equivalent to becoming 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 bitcoin

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 complaint or any of these ready complex currencies where they are what you actually told them is a private key which just is comprised of 64 electronic numbers and letters 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 want to care about but i mean the let is urgent 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 big 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 internet and they're completely comfortable with desert 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 a computers or maybe just that it's not maybe being 35. years old almost 6 i'm just an old man at a time trial what if it 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 3 in a making the case crypto is and as well is very clumsy inexpensive to move around well not a one day i mean it should i mean either a while maybe it's this or you miss fomented by governments because why is it the one competing with each other the big green and gold won't exist i mean if you want to use the. media scenario if you want to bribe a poor guard you might want to put some go get over for i'm here yes your laptop we're going to order and say you know in this little town there is it you know there's a private key and yeah it's an hour 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 on a china which is it's you're in a pot of debt dung the government and not the people of china the government of china as you're either it's hearing clear on the debt which is about to collapse and all it can do is to do. with it of sol and see if you're more debt like meeting today and showing their to the be a local government so they can go build infrastructure projects more whole or digging projects so you want to get your money and you won't be cooling is a pretty good way to do that under the radar return of the government doesn't mean a goal doesn't have. got a car out there a 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 panta port dot com if you like to get in touch with us on twitter it's kaiser report until next time by a. we

had one man 3540 years old. in the water. some 30 fisherman well destroyed later and it's not. understood. that he's going to want to take another man the most of us he was stubborn and what

the machine. i believe that this is long for all of the therapy is. a charm. absurd really harsh things that happen in life. for. me that i think that the book.

was. was. back in. the u.s. and an additional $1000.00 troops to the middle east as tensions with iran continue to rise it comes after washington accused of orchestrating the recent attacks on the 2 all time because in the gulf of oman. the new social media platform set up by the controversial psychologist jordan peter. ignites debate he says it won't censor any content unless u.s. courts or 3. and a canadian region says people in the public sector are also allowed to wear religious symbols at work anymore but rights activists say the new law violates religious freedom.