that would not be yes. let's get more information on this from stacy harbor 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 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 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 are engaged in a club to crash a crony capitalist nightmare so deutscher. the 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 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 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 the matter what peter schiff says no matter what miss shed luck says it is

gold to point out that's 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's share price this is in 2008 down to 2009 while 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. early on we

had this debate of inflation vs 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 owned by the top one percent on on whose behalf the central banks operate so you've had high end 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 bell 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 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 sciri these gentlemen are the equivalent of oh i mean the. name sorts of skullduggery there i mean but it if you're 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 those are the people that run the european central bank that's mario draghi. it goes beyond simply oh oh racket and

a crime wave this is a psychotic cult that's that's bent on. not only in equal holocaust but it 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 a member with lehman brothers they were sacrificed declaw lt 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 bail out or 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 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 busy 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 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 hat pos 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 like whether that will finally join where do i should bank also began deutsche of 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. who knows what he does in this private time i'm sure it's not wholesome in any way well. you got to take a break when we come back much more fun coming your way. at the post here don't go

away. from the obama to the out. that it seems that it. was. just driving the trump administration's iran policy is confusing contradictory and even incoherent would be an understatement as members of his administration beat the drums of war the president suddenly inject themselves into the conversation with words to the cause what is the world thing.

democracies do not the port human rights defenders over there peaceful expression democracies do not rule over millions of people for another people you know for decades on there is a larger context here and that context starts with the fact that israel has been occupying palestinians for 50 years and that occupation itself has deteriorated the most basic ideas of what a legitimate democratic government looks like inside of israel. good food descriptions sound up to tasing even for the owners so how to choose the head food industry is telling us what to feed our pets really more based on what they want to sell us than was necessarily good for the pet turns out may not be as

healthy people believe we have animals that have you know diabetes in our straightest they have auto immune. disorders the allergies we are actually creating these problems it's a huge epidemic of problems all of them i believe can be linked to very simple problem of diet and some dog owners so heartbreaking stories about their pets last treats the larger corporations are not very interested in truth or disproving the value of their food because they're already making it a $1000000000.00 on it and there's no reason to do that research.

welcome back to the kaiser report i'm max kaiser time out of dornoch scotland and speak with fire steinmetz welcome back our bad i take it you're playing golf in scotland i see you guys are golf outfit i should know i do is go up we go i hear them i hear a lot just like me that i've got 18 handicap that is i lose 18 balls every round ok now let's fire started taper a ponzi 2 there are 20 now there are 12 trillion in negative yielding bonds is this the u.s. is going to go negative soon met max we've just got this we're doing your back on the record insolvency one of the banks that has you derivatives exposure to regulators to figure out exactly what's going on there know your interest rate policy is generally known was 14 trillion dollars well 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. i think you know one of the big issues right now with your community. 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 or tepid and anemic it is impossible to repay that 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 ability whatsoever probably because 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 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 you mention that because they don't really have i believe they don't have any more bullets in the gun and with whom she may end 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 can't grandfather the way it

works out where the act will trigger what we blame it on. it was yes you know what i can tell you is a very for various financial situation that we've never seen before where the leverage part of the original credit crisis developing in a and now we're 400 percent higher on a triple b. and john on the lessons were learned you know. collateralized loan out legations are at all time highs higher than we were or 3 prices levels so you've come back to the window and 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 fascist just invaded people's homes

and stole stuff right i'm going for sure that they're going to invade your home but i know in italy that they are acting a lot of the oh then you say and then when their generation don't have the money to pay taxes. you know the family have been with us on. a tip off you know who has a problem with. what will pass and to follow the news. in the stock market bond market. so what is the government used to raise money to move growth on the. path of your 4th most awfully. house bills and move so i pay the. fine who. will be the only policy is that what. are we i don't do for and with all things news and i think. the whole.

iraq news. there she will if you guys are will raise bones are proud for what they are doing work ready 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 could find. meaningful risk that we've gotten by now we were one for want of rotten eggs. 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 have a state ballot out they just got a state ballot out there still insolvent it's an ill damon brothers they'll start a club a way of contagion and we've been talking about it but yeah i think of the old story about the chappies artist that falls off the chappies if 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 that's that's our job is we provide the rem shot and it's the punch line like oh torture bank is finally insolvent lehman brothers part 2 millions of people are now disenfranchised global economy was held hostage by financial terrorists jokes on us ha ha ha ha ha right i mean it well enough 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 south who we can the german government won't let it go if you go to the wall. or the problem with more. you know is more significant there's a war sure easy to jump on theory for now as we now are $4024.00 or 5 trillion

dollars max and no sparking about that we borrow i don't want in this environment you know. where we are justified and through the best moves so our central bank european central bank is already borrowing for bonds the swiss national bank is already buying we're pond. central bank who moved. here. this meddling moussaka monkey and the fence now is looking for more power for the buy stock and on. negative truth grace that apple is afternoon when the. ball is in the. right back with the market clearing mechanism that's necessary. excesses that we've created by so much freddie and reading zombie ratings and home $1000000.00 check before and nothing learned from.

2000 is not with them this time 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 course 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 i wouldn't say that it's barely moved back there would say that we were going through it for many reasons at 13 and so that indicates now we're more upside answer than. you you know i think there's a lot of opportunity in the press we're looking at his face and you know ready we believe the 1st phase i think well this is a protest satisfied with out there this is under the sector right now we've got to

be careful what. i mean who look at the story and i think who value that i don't with. some of the things out there not a lot about all the spring all the way to the present because you've described the plot of ponzi the central banks to fail money they holders in that opposite the central bank level the suppression of gold prices for years although they're 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 all gave me a global car and say it could replace the us dollar it could replace the and it could replace fiat currency it's a new global fee our currency controlled by the people who control facebook cia and my sex f.b.i. so this is the cia calling right so all those debts get rolled up into facebook online 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 it or you know what i've you put that into your mitt thought process you know look i think that twitter twitter is it you know i mean they censor everybody might be taking away thousands of people that follow me for no reason whatsoever is that you say a negative or rockets or anything about. you know where are the are goes out of 1000 overnight followers it's ridiculous but this is for censorship facebook is a ransom potentate swung. more accounted for them so there are governments around the world is equal you are the problem with. twitter is unseen forces inside who are going to promote and who are going to suppress if not nice i mean this is the

chinese are building their social. right if you're if you're a good travel on the trains in airplanes but if you're not. so i hope stacey knight. with his record with companies like facebook ready will manipulate 2020 president elect by deciding how ari served you know it when russian the russian backed it nothing. base with her in. amazon manipulate everything aroud with so i think with the congress and the senate to do is look into companies and seriously figure out i don't ferment from sensory things bring back remark was on allow everybody voices be heard and allow the companies didn't see with this should the need arise ready that they are suppressed in front of the boss or any thought that was like the person who is notice food we know we

feel that we should know something that is made up with that is some arbitrary and capricious burrage that people dislike and since 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 a dialogue that might be useful you know you can both express what you feel in a civil manner that's a civil societies work out the differences are right now we've jumped the shark with the whole thing they're trying to create us vs them democrats versus republicans you know join the side and this is tribalism at its worst i.r.i. best 1st time thanks for being a kaiser a fart coming to us from scotland where you live from the golf course rules or an enduring alright we're not going to do it for this edition of the kaiser report with may max kaiser and stacy herbert i just i guess fireside of planet policy. if

you want to catch us on twitter it's kaiser report until i stopped by a. narrow door birdsall and head. for behind for the few of us so. harder. every day is that people. just for the commission. to move. to fish you know not just because. they are the house of. god since we. don't hate.

them run them stay home. we had. 3540 years old. in the water. some 30 fisherman later and it's not. understood. that either one of them to want to take another man the most of us will stubborn and hurt the machine and. i believe that this is one of the therapy is.

absurd it's really harsh things that happen in life. that was. was. my. prison ruling out and i strike against iran and following a u.s. drone being shot down in the strait of hormuz further escalation comes as you know it makes a last ditch effort to save the iran nuclear deal. more than a 1000000 questions sent in a q. and a lasting over 4 hours president vladimir putin his from the russian public at the annual direct line american session covered a raft of domestic and international challenges facing russia and its people.