done nothing wrong that it was just a crazy unfortunate freak accident that they ran out of money suddenly because of all the bad loans that they made to people that couldn't possibly pay them back and that they taxpayer in the global economy should take a step back and 17 or 18 trillion dollars needed to be printed to bail out warren buffett to bail out wall street banks so that they could keep their yacht payments going and buy. you know billionaire row apartments in new york city for $250000000.00 as we've just seen recently or to invade london and buy properties for $120000000.00 that's money that was given to them by the central banks in the 2008 crisis to avoid having to fess up that they were running insolvent institutions and they have put the entire economy at risk and that they are engaged in a club to crack a crony capitalist nightmare so deutsche bank as we've been saying now for 5 years

was the most likely of the major banks to go bankrupt and require a bailout the state of germany has now provided deutsche bank with a state bail out the bad banks in the area is masking a bailout and the accounting fraud at deutsche bank is only now just being revealed. at the tip of the iceberg this they're sitting on half a quadrillion worth of worthless to rivet that if you mark to market would would be greater than 5 times global g.d.p. this is in fact the beginning of lehman $2.00 this is why gold goes up in price because it's discounting a major economic collapse this is why bitcoin which is the virtual digital version of gold a matter what peter schiff says no matter what michelle blocks as it is gold to point out that's down to. ben the case don't come at me with all of your crazy

conspiracy nonsense and so we enter into another phase of the global financial crisis right men deutsche bank leave the tip of the spear as we've been saying for years. only keep money in deutsche bank you're willing to lose the banking system is about to implode we're on the cusp of of a nightmare. it's easy to predict if you're willing to look at some simple facts this show kaiser report has been airing for 10 years we started back in 2009 during the midst of the crisis this is the deutsche bank share price this is in 2008 down to 2009 while all the intervention by the central banks as been keeping some of it afloat now down to 95 percent since this 2008 high one thing that has been happening since the beginning of the financial crisis this early on we had this debate of inflation versus deflation. you know we had

a split evenly split between our guest some said it was going to be inflation some said it's deflation certainly this shows that we've had deflation across europe for the past 10 years there has of course been inflation in the select assets own by the top one percent on on whose behalf that central banks operate so you've had high and property prices in all the major cities around the world busy you've had the value of our prices and you know certain things that the very wealthy own has increased now in terms of these this bad bank with what the german taxpayer is going to be on the hook for is the derivatives book they're moving the long dated derivatives over to the taxpayer of germany of course is the long dated one so it's not going to be for another 10 years that even you know the taxpayers who are only well some of them are only about 1015 years old that. and they don't

know. they've entered is negative interest rates across the yemeni germany and the rest of europe there are $1311000000012.00 trillion dollars worth of negative sovereign debt that is taking money out of people's pockets and giving it to the quick talkers the running the deutsche bank the financial terrorist the run deutsche bank they do negative interest rates they put that money in their pockets it's a wealth transfer it's not deflation it's financial repression this is the financial gulag masked as an economic theory these gentlemen are the equivalent of oh i mean the. name sorts of skullduggery there i mean but it if you walking down the street any feel something squishy under your foot you stepped in and it stinks really bad that's the people who run deutsche bank that those are the people that run the european central bank that's mario draggy. it goes beyond simply oh oh racket and

a crime wave this is a psychotic cult that's that's bent on. not only equal holocaust but it economic genocide so this is this is what we've been saying it's happening now gold and big boy can't say it often enough let's compare at that time when we were at back in 20082009 bank and j.p. morgan have the 2 largest derivatives books in the world this is the share price of deutsche bank down 95 percent since 2008 this is the share price of j.p. morgan up 400 percent since 2008 so these are the 2 different policies this is what it is to be the reserve currency of the world this is what it is to be the federal reserve versus the e.c.b. this is the nerve negative interest rate policy versus. interest on excess reserves that was introduced to help out this is the bailout j.p.

morgan was definitely bailed out. bank was not bailed out to the same extent yet well a member with lehman brothers they were sacrificed who is the c.e.o. they had a meeting on wall street they said want to you guys has to be sacrificed as the sacrificial lamb as we roll out this multi-trillion dollar bailout it has to appear as though somebody suffered somewhere and they attacked dick fault because dick fuld was and lehman brothers was the least popular amongst jamie diamond jamie diamond then bought bear stearns bought lehmann for 0 and that was his gift for orchestrating this is jihad you know he was gifted these assets and he became a billionaire ok great you know saddam hussein's family was incredibly wealthy weren't they so is jamie diamond and they cut from the same cloth so big fricken deal i mean anybody can can burn a forest fire down if you have the insurance on the forest fire and collect the

money that doesn't take talent to be an arsonist if you're getting paid on the destruction of the forest it's not a talent that we applaud in. in society but we do in america deutsche bank as you know has essentially been nationalized certainly all their bad debts have been nationalized now the bankers a deutsche bank might do very well now that they no longer have those bad assets it's just the taxpayer and they could start celebrating but across europe we have inspired by don't see bank death spiral european banks think to december 24th 2800 level 1st seen in 1995 the subtitle of this wall street dot com article is the benefit of nerves there's hell to pay even the e.c.b. admits it the notable thing about european bank stocks is just how brutally they've been crushed and recrossed since may 2007 when after a blistering bubble run up the stock 600 bank index topped out 534 haven't quadrupled in the 12 years from 1905 during the euro bubble when only the sky was

still the limit over the 12 years since may 2007 the index has plunged 75 percent and is now back where 1st had been in october 95 so again this is from 2008 the crash and the attempts to resuscitate and that has not worked in europe and now it's back down to where it all began in 1905 predictably. if free market system the those who are committing fraud are to compete or become insolvent they're supposed to be weeded out of the system and to make room for new companies new managers. based on the in light minutes based on out of spec that's based on nature. it's not about cancer which is your bank j.p. morgan they keep feeding and sugar around cancer feeds on sugar and the central bank prints the sugar in the in the case of the free money and so they feed the cancer and you have millions of people on the street protesting you have all kinds

of social unrest everywhere you have the global insurrection against banking occupation but the central. thanks keep printing sugar donald trump keeps telling the bank oh the stock market could be a lot higher if we lowered interest rates yeah i mean that was the strategy of vietnam was it that you could kill a lot more american soldiers if you drop more agent orange on them that's true but do you want to kill more american soldiers that's doesn't that seems counterintuitive so you know but. who knows what goes through that meat balls i don't know so over this happened last 10 years however kaiser report has reported on this we have said that warned about this reporting the facts you know being the scientist who shows up at a nuclear meltdown and says that wait that's a nuclear meltdown and all the bureaucrats are like what telling us there's a nuclear meltdown is somehow a threat to the financial system no you were the threat the bad debts and the fraud

were the threats to the financial system that is what melted down not reporting on this meltdown that was that was the original meltdown that was the financial turn noble that happened in the global financial system 10 years ago i still ongoing whether or not j.p. morgan the share price has increased like whether that will finally join where do i should bank also began bank and j.p. morgan remember have equally size derivatives book you know they're going to go private of course if you were able to get stuff private with the help of the such a bank and we'll never hear from them ever again and they'll be just a bunch of people starving in the wasteland and jamie diamond will be up there filing as nails. who knows what he does and his private time i'm sure it's not wholesome in any way well. i'm going to take a break when we come back much more fun coming your way. at the post there don't go away.

what politicians do you should. put themselves on the line to get accepted or rejected. so when you want to be president injury. or something want to. have to go right to the press this is what the 43 in the morning can't be good that i'm interested always in the waters of my house. there should be a. windmill make its manufacture to sentenced him to public wealth. when the rooming closest protect themselves. with the financial merry go

round lifts and be the one percent. that's not doing nor middle of the room sick. doing the road very relieved for the world. it's hard to take some from somebody if you know have some to replace him. are going to do this interview today at all these market hoping that they take me. off the area. so i'm going to tell you stop selling drugs if we'll hire someone to put the money in it back. they just mean the way their life it's almost been basically my color speech before the words do you guys know what secured me

security positions i now see that. they were jacked me again. you see people get all their cars. and they'll see you coming in the herd and they seems like they'll hurry up and run into the house like they don't want to don't want to talk to her get your mail or anything like that. that's one of the. roads try reading. the internet give me. a. welcome back to the kaiser report i'm max kaiser time out of dornoch scotland and

speak with misfire steinmetz welcome back our bags i take it you're playing golf in scotland i see a golf outfit on i should know i just got off the golf course i hate him i mean why not just like me that i've got a 18 handicap that is i lose 18 balls every round ok now this fire started can taper a ponzi there are 20 now there are 12 trillion in negative yielding bonds is this the us is going to go negative soon met max we've just got this we're doing your bank on that route insolvency one of the banks that has huge derivatives exposure it's ready impossible for regulators to figure out exactly what's going on or no interest rate policy is generated on was 14 trillion dollars will no be of interest rate yielding bonds i don't know why anybody would buy those bonds it's insanity i mean it's part of the european union the reason why european union rules

it is you know there i think you know one of the biggest issues right now with the european union. it is that emily has 4 trillion dollars in debt that can never be repaid with interest rates keep coming down because their g.p.'s are tepid and mean that it is impossible to repay the debt and i think there are problems with the other european nations as well now that we're entering into a bit of a recession problematic from a number of different perspectives so to say move currency the euro has really failed the you do project is extremely flawed and the banking system has never been recapitalized to the point that it needs to be i don't know who would shout to the plate do that besides european central bank the central bank has become the world's world's biggest rogue edge fund with no out of ability whatsoever the problem is it is safer by bailout infinity and the next step is going to be fail and so what's

happening is that by that france has portugal and italy with their significant never be repaid so they send created a permanent low interest rate environment and the chairman of the federal reserve foul came out and made a $180.00 degree turn around saying that the rate now saying the boys have prayed and asked for more political power to move even more sectional appel by the federal reserve one of which i'm sure will be the negative interest rate policy. implementation that you mention that because they don't really have i believe they don't have any more bullets in the gun and when she makes and the of this ponzi scheme are we've got to have a percent know where to be in a floatin of one sort or another so i think that we will someday have to i'm fairly often in the mid ninety's that can be repaid and it can't grandfather the

way it works out where the act will trigger what we blame it on anybody's guess. well i can tell you we were in the very 1st area financial situation that we've never seen before where the leverage fall of the original credit crisis in 2000 a and now we're 400 percent higher on a triple b. and junk bond no lessons were learned you know. collateralized loan out locations are at all time highs and fire there were 4 of 3 prices levels so you've come back to the news every day this is a very sure sure side for volatility is that the later in italy now saying just go around such people safe deposit boxes and go into paper solve the tech stuff so this is what we saw in the thirty's right the fastest just of a typical sobs in the stall stuff right i'm going for sure that they're going to invade your home but i know in italy what they are acting

a lot of the oh then you ready say and then when the generation don't have the money to pay for the. family house or woman with 400 you. know who has a problem with. what will pass and to fall. in the stock market bond market credit. so what and government used to raise money to move growth on the. back of your 4th wall saucily. house sales and move by the new haven lucas who. will be for new policy is that what we. are we. don't do for and we all knew them and i think. the whole. alliance news. notion with you guys are with great bonuses brought

forth they are doing work because. they look it is best for this is not me who needs to follow. so you know how do i watch out i will not was sure i can find one. you know. why now we won 4. minutes. you know it's fascinating about deutsche bank because we've been talking about it for years and they've been saying that they're insolvent and they're going to need a state bailout they just got a state bailout they're still insolvent it's the new lehman brothers they'll start a global wave of contagion and we've been talking about it but you know i think of the old story about the chappies artist that falls off the trap easy there's no net below but the drummer kicks in with their drummer all got up and then the chappies

guy hits the floor of the circus dead it's a wrench shot bang. right i mean that's that's that's our job is we provide the ramp shot and it's the punchline like oh it's a prank is finally and solve it lehman brothers part 2 millions of people are now disenfranchised global economy was held hostage by financial terrorists jokes on us . right i mean you know nobody stopped it we all knew it was coming it's and nobody reported it outside of a few shows like this one and we're just going to give them another 5 or 10 trillion dollars anyway so wojo we can say the german government won't let the wages go to the wall in order to the problem of moral hazard i think you know is more significant there's a waterfall of maturity than just the john fund area for now he now and 2024 or thought it through in dollars and no talking about. who's going 5 don't fund

in this environment you know there will be move where they are justify that sort of investment so i don't know if the central banks like the european pennsylvania who's already buying for. the swiss national bank is already by work with on the japanese central bank owns most of. the metal in the moussaka monkeys and the fence now is looking for more power from the buy stock and on. negative grace that apple was afternoon when i. was going to. write bankruptcy is a market clearing mechanism that's necessary to move away the excesses that we've created by so much freddie and reading zombie work rate and all $1000000000.00 misformed nothing learned from. 2000 is not if. it's not

next it's never different oses same it repeats itself what we learn. yeah all absolutely and i don't expect there will be any divergence from the suicide financial chorus and that we look forward to the neo feudalism that's just around the corner what about gold misfire stein's barely moved at all what's going on with gold i mean nobody likes golf soon and it's america that would say that we. are reasons. so that indicates now. ready into the now. you know there's a lot of russians. russian space. perhaps space we need to test out of it but without going to the.

store. and. out. buying some of the things that. the let's bring in all the way to the present because you describe it's a plan a ponzi the central banks fat money they collusion that happens at the central bank level the suppression of gold prices for years although the other inching up and up against long term resistance enter into this now facebook for a $500000000000.00 company introducing their own currency the libra it's a facebook point it will give you a global currency it could replace the dollar it could replace the and it could replace fiat currency it's a new global fee out currency controlled by the people who control facebook cia m i $6.00 f.b.i. so this is new cia coin right so all those debts get rolled up into facebook coin and people are on their facebook and they're chatting and they're liking each other stuff and they get a little facebook coin and they can go buy

a snack for themselves right this is the new global currency this is the new world order it launches this with the white paper coming out from the facebook corp match this. well you know what i did put that into your thought process you know look i think that critter twitter is joe i mean they answer everybody my a takeaway thousands of the people that follow me for no reason whatsoever if you say negative or derogatory thing about a you know on the off go down and 1000 overnight 1000 followers it's ridiculous but this is fall offensive based in a brand new 1000 a long thing as they gather more intelligence to the sell their vote and brandel basically you are the prophet use case twitter who can seem foolish if they decide who they're going to promote and who they're going to suppress if you do it not nice i mean this is a case of the chinese are doing with their social credit right if you're it was

good for you to travel on the trains and airplanes but if you're not you will be who live so i hope safety and i get joining rooms with 2 legs this is rec if companies like facebook and google will manipulate the 2020 presidential election by the siding that will operate the surge you know it when russia and russian backed it nothing to go facebook twitter and amazon manipulate everything they're out with so i think with the congress and the senate to pass you this look into bumpily and seriously figure out for rest from sensory things bring back remark was on allow everybody's voices be heard. in front of the boss or any positive influence like the principle is notice when you think we know we believe that we should know something that is made up with that is some arbitrary and capricious burbage that people dislike when they dislike it they want to prohibit

it they want to censor it but look if you don't like with some of these things change the channel don't listen to them or enter into it die. or use for now you know you can both express what we feel in a civil manner that's how civil societies work out differences we're right now we don't sharpen the whole thing we're trying to create us vs them democrats versus republicans you know join a side and he tribalism at its worst best 1st time thanks for being on the cause or a 4th term in the us from scotland where you live from the golf course the rule during indoor and now all right well that's going to do it for this edition of the kaiser report with me max kaiser and stacy herbert i guess it's fireside of planet politics if you want to catch us on twitter it's kaiser report until i stopped by a singer.

we had one man 3540 years old. it off this child in the water. some 30 fisherman later in his nets. i guess the stuff. that he wanted to move ahead. and i thought my feet were stubborn and hurt them and . i believe that this is one of the therapy you is. tom is that absurd really harsh things that happen in life.

what do you do before you came here where you were before you came here when you live well death row in many us states capital punishment is still practiced convicted prisoners can spend years waiting for execution but most of the time the victims' families they are very much in favor the death penalty there are some people because of what they did have given up the right to live among us somebody even proven innocent of 2 years on death row and how many more exonerations is it going to take before we as a society realize that this is not working and we actually do something about. you know world of big partisan group a lot and conspiracy it's time to wake up to dig deeper to hit the stories that

mainstream media refuses to tell more than ever we need to be smarter we need to stop slamming the door on the bat. shouting past each other it's time for critical thinking it's time to fight for the middle for the truth the time is now for watching closely watching the hawks. obama know. that it. was.

more than 1000000 question sent in a q. and a lasting over 4 hours president vladimir putin hears from the russian public out the annual direct line to cover the raft of domestic and international play challenges facing russia on its people. also coming up on the program this hour dog evidence used to accuse rochelle of hacking democratic party e-mails in the run up to the 2016 presidential election after it was confirmed the f.b.i. never even saw the final report by a private cyber security firm which based. on the u.k. government.