just between what's a hair on the mainstream abs and b. c. c.n.n. and m s n b say and what we say on this show one huge tour the truth reality what actually happens. one tends to be fantastical poppy cock spewed over pay parrots that would not be us. let's get more information on this from stacy her well we began this week with a new bad bank and that is for deutsche bank's bad bets they're going to be poor and into a new bank a bad bank that the taxpayers of europe will now be responsible for busy a 50000000000 euro bad bank soon owned by the german state aka taxpayer finally deutsche bank is facing its future head on what's left of the mighty deutsche bank that's the front page of the financial times on monday and it was that announcing

what we suspected would happen 10 years ago when we 1st started for all those happy days ago you know they got the lehman brothers collapse happen you know and that was the result of insolvency but we were told that it was a problem of illiquidity and we were told that lehman brothers and bear stearns and the wall street banks had done nothing wrong that it was just 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 buffet 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 and 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. 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 is now provided to it's a 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 has it is gold to point out best now definitively been 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 now deutsche bank 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. and 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 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 gas 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 ben inflation in the select assets own by the top one percent on on whose behalf that central banks operate so you've had high end property prices in all the major cities around the world 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 bell long dated derivatives oh . 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 like 1015 years old at this point and they don't know. they've introduced 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 kleptocracy running the deutsche bank the financial terrorist that run a 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 starts as skullduggery there i mean but

it walking down the street and he feels something squishy under your foot you stepped in and it stinks really bad that's the people who run deutsche bank those are the people that run the european central bank that's mary oh 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 an economic genocide so this is this is what we've been saying it's happening now golden bit coy 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 remember 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 fall 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're 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 for addictively. if free market system the most 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 enlightened minutes based on adam smith us based on nature. it's not about cancer which is your bank j.p. morgan they keep feeding it sugar 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 wasn't 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 the past 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 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 or 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 and still ongoing whether or not j.p. morgan the share price has increased 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 subtle

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 and who knows what he does in this 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 don't go away . we came here where did you work before you came here when you live. 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 of the death penalty there are some people because of what they did have given up the right to live among us some even proven innocent 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. why a paradise with some ground turned into a round the experimentation field but 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. in a world of big part of the lot and conspiracy it's time to wade to dig deeper to hit the stories. it ministry media refuses to tell us more than ever we need to be smarter we need to stop slamming the door on the back and 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 for watching the hawks. join me every thursday on the alex salmond show and i'll be speaking to guests of the world of politics sports business i'm show business i'll see you then.

welcome back to the kaiser report i'm max keyser time out of dornoch scotland and speak with fire steinmetz welcome back our bags i take it you're playing golf in scotland i see you've got your golf outfit on i should know i just got off the golf course i hate him i mean what that's what i mean just like me that i've got 18 handicap that is i lose 18 balls every round ok now this fire started can taper a ponzi 2 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 if you're back on that route insolvency one of the banks that has huge derivatives exposure to regulators to figure out exactly what's going on or no interest rate policy is generally known was 14 trillion dollars globally nobody 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 the european union was there it is right there i think you know one of the biggest issues right now with the european union. is that initially as 4 trillion dollars in debt that can never be repaid with interest rates keep coming down because their g.d.p. is so tepid and anemic 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 who currency the euro has really failed the you do project is extremely flawed and the banking system has never been recapitalize 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 had become the world's world's biggest rogue edge fund with no out ability whatsoever the problem with it

is safer by bailout infinity and the next step is going to be fail and so what's happening is that france has this saying portugal and italy with their significant never be repaid so they send a free a to a permanent low interest rate environment and the chairlift federal reserve foul came out and made a $180.00 degree turn around saying that the rate now saying both operate and ask for more political power to move even more exceptional apple by the federal reserve one of which i'm sure will be the negative interest rate policy. implementation that we mentioned that they got will have i believe they don't have any more bullets in the gun and when she makes and of this ponzi scheme we're 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 limited can't grandfatherly the way it works out where the act will trigger what we blame it on anybody's guess. what i can tell you is that we're in the very 1st area financial situation that we've never seen before where the leverage positive original credit crisis just got an a and now we're 400 percent higher on a triple b. and john on no lessons were learned you know. collateralized loan out locations are at all time highs almost a sign higher than we were or free prices levels so you've come back to the window and every day this is a very sure sure side for volatility is out the later in italy now saying just go around such people safe deposit boxes and go into people's homes and take stuff

somehow this is what we saw in the thirty's right the fastest just of a people solve the stall stuff right i'm going to assure that they're going to invade your home but i know in italy what they are acting a lot of the oh then you say and then when the generation don't have the money to pay for the. you know the family house. 400. 80. you know who has a problem with. what will pass and to fall. in the stock market bond market credit. so what is the government used to raise money to move growth on the. back of your 4th most awfully. house sales and move. will be before new policy is that what we. are we. do feel

and we all knew them and that. the whole. new. notion with you guys are with great bonuses brought forth they are the new model about what. they look. best for this is not i mean we saw how it's. so you know how do i watch out i will not always 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 ballot out they just got a state bailout they're still insolvent it's a 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 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 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 act the german government won't let the wages go to the wall we can order the problem of moral hazard i think you know is

more significant when there's a waterfall of maturity isn't just a jump on the area from now she 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 it will with the move where they are justify the sort of the best so i don't know centrals i like the european central bank is already buying for. the swiss national bank is already by work with on the japanese central bank owns most of the. metal in the most stock market and the fans now looking for more power for the buy stock and on. negative interest rates that apple is afternoon when i. was going to. write bankruptcy is a market clearing mechanism that's necessary to move away the excesses that was

created by so much freddie and reading zombie ratings and all $1000000000.00 misformed nothing learned from. 2000 it's not if. it's not next it's never different oses same it repeats itself we learn. yeah all absolutely and i don't expect there will be any divergence from this suicide financial course and that we look forward to the neo feudalism that's just around the corner what about goldman firestone is barely moved at all what's going on with gold i mean nobody likes golf or its merits there. are reasons why. so that indicates now. ready into the downside. you know there's a lot of our precious. ready precious space. personal space we need

to test out of it but without going to the. store. and. ready 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 fear of 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 a 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 what the white paper coming out from the facebook corporation 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 about me for no reason whatsoever is that you say a negative or derogatory thing about paper you know on the off go down and 1000 overnight 1000 followers resistible but this is so offensive based it's a brand new policy a long thing as they gather more intelligence of the cell that was going around the will basically you are the prophet use face twitter 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 or if you're ignorant or if you 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 search you know it went russian russian backed did nothing to both facebook twitter and amazon manipulate everything they're out with so i think with congress in the senate we have to do is look into buckley and seriously figure out for rest from sensory things bring back remark was on allow everybody voices be heard and allow the companies to see who this shows the need arise ready that they are suppressed in terms of the boss or

any positive influence like principle notice when you think we know people that we should know something who is made up what that is is some arbitrary and capricious burrage that people dislike since they dislike it they want to prohibit it they want to censor it but what if you don't. with somebody standing change the channel don't listen to them or enter into a dialogue might use for now you know you can both express what we feel in a civil manner that's how civil societies work out the 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 this is tribalism at its worst arabesque thanks for being on the kaiser for it coming to us from scotland where you live from the golf course they're really going to endure 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 plant policy if you want to catch us on twitter it's kaiser report until next time . we had one man 3540 years old. the styles in the water. some 30 fisherman later in his nets. understood. that he was going to move ahead. and i thought my feet were stubborn and hurt the most.

i believe that this is one of the therapy you is. tama. absurd to really harsh things that happen in life. so what we've got to do is identify the threats that we have it's crazy even for him to let it be an arms race move his arms off and spearing dramatic development the only personally i'm going to resist i don't see how that strategy will be successful very critical time time to sit down and talk. join me every thursday on the alex i'm unsure when i'll be speaking to get us out

of the world of politics sports business i'm show business i'll see you then. donald trump isn't ruling out in a strike against iran following a u.s. drone being shot down in the strait of hormuz further escalation comes as europe makes a last ditch effort to save the iran nuclear deal. for the long 1000000 questions sent in in a q. and a lasting over 4 hours president vladimir putin his from the russian public at the annual direct line in session covered a raft of domestic and international challenges facing russia and its people. and the u.k. government suspends new arms sales to saudi arabia off to the court of appeals rules the previous broke the law the case represents a significant victory for peace activists who say that riyadh.