question. german interior minister security for all synagogues in the wake of wednesday's attacks against the country's. again on the rise of anti separatism. groups. around the world for a 4th day there are efforts to block infrastructure backlash from locals. like. women even in the feeding he. needs to even though. it's for the environment. against the kurds in northeast syria for a 2nd day. offering us mediation in the conflict just days after the withdrawal of

american troops from the region. because next for you will be back. bring you the latest global headlines from this morning. max kaiser a welcome to the kaiser report it's you know one of those shows where you need to get your airsickness bag or your vomit. we're about to talk about one of the worst cases of predatory banks toure's defrauding and abusing the poor and sick that i've seen in a couple years you know we've introduced you to many instances of bankers preying on folks and but this is this is a this is really epic yes well 1st let's set the scene you and i have talked about

the health care system here in america where america is essentially a hospital but a predatory hospital masquerading as a country so something like 19 percent of our g.d.p. is hospital care is medical spend is so called health care one of the largest employers in the entire nation is the health industry mostly low you know paid sort of help staff and health care facilities like cleaning cleaning the floors and changing nappies and stuff like that and they get paid like minimum wage but here's a story that went viral probably many people out there watching this saw it and that was in los angeles an l.a.p.d. officer saw this woman and clearly a homeless woman with carrying her you know her shopping cart full of her belongings in the metro system there and she was singing this beautiful offer which

we won't play because it probably copyrighted but it turns out mysterious viral l.a. subway singer is revealed as classically trained musician who is made homeless by medical bills and had her $10000.00 violin stolen when she was force. into the streets so this is the reality of america this is why so many people live paycheck to paycheck is the. you know the legal is made legalized basi out would say by the apparatus of the state is legalized plunder right america is especially corrupt hospital disguised as a country yes and you have the jobs i just saw that for medical billing professional so they are great at sending out bills all the time for services that they don't provide so-called obamacare when you put the doctor bills into the mix they don't provide health care they simply extract wealth are there such places similar to the energy industry extracting oil and gas from the earth or the bankers

with their fractional reserve banking extracting economic vitality the health care industry extracts people's money from their pockets and makes them a lot more ill you know the infant mortality rate in the americas up the life expectancy in america is down so i mean clearly this is not working now actually when i reach we did this somebody responded who wouldn't should use insurance. so we're going to cover that what actually happens for those like ourselves say we pay 25000 dollars 26000 dollars a year for a health insurance product one thing to note is that only most health insurance products the vast majority in america only cover in network well when your health insurance provider negotiates network prices with a very particular hospital or a particular you know doctor but that you know most of those hospital emergency

rooms and many doctors and many hospitals are actually owned by private equity and private equity doesn't like the reimbursement rates that even though he's a horrible insurance companies are able to negotiate so they get they make they force all their. doctors working in the emergency room or all the ambulances to be out of network so the vast majority of out of network surprise billing is for. an emergency rooms but this past week while everybody's focused on some crazy fakes the latest conspiracy theory fake news on all the cable channels of this ukraine gate which i don't even know what it's about but ways and means chairman richard neal is proposing a new surprise billing fix that it was centrally just punt the problem to the administration to figure out yes apparently we were on our way to stopping surprise billing but. k.k. are in blackstone the 2 largest to the largest private equity groups in the entire

world well mystery solved private equity back from rooms are behind ad blitz on surprise billing to dr staff and companies are pushing back against legislation that could hit their bottom lines they spent $20000000.00 lobbying and pushing ads on television nobody knew who they were facebook ads they spent millions on facebook ads and basically got the whole surprise billing we were to stop at our legislators want to stop it on our behalf but now they're not going to write this all in network out of network so even if you have insurance if you are out of network in a facility in an emergency room for example you get charged this exorbitant fee that with the case of the woman who sing in the subway she was faced with catastrophic health care bills as are millions of americans every year who end up homeless because of the vagaries of the system that creates these hardship cases

for the benefit of private equity investors not for the benefit of the average citizen so you have in network out network and then again this is an example of apartheid in america if you're outside of the network you're living in a bantustan and you're being subjected to fascism by blackstone and by. k k r if you're in the net if you have the wherewithal to game the system if you're a for example a congressman who are they don't even have the same health care system as their own private in the situation that they have created for themselves then you're living what out of the bantustan it's actually more a little bit more like feudalism a neo feudal system the lords and the serfs the people outside who are have to scrape by for a living and are just plundered it's so predatory the whole system like i'm going to read you some of the story and it's so shocking how. like we can't see ourselves like we can't help ourselves we refuse to help ourselves and we actually don't have to submit to this but we do like we don't have to abide by this but we do like we

allow this to happen and by the way k k r n and blackstone group. are very very very politically connected they're friends with the clintons they're friends with the obama's they're friends with the tribes these guys the time multi-billionaires that run these companies are very very close and you can bet that hillary clinton or joe biden are dollars from care way more about those guys that run those firms than $100000000.00 voters in this country so like just understand they you you don't care you don't matter these people do so early this summer congress appeared on its way to eradicating the large medical bills that have shocked many patients after emergency care the legislation to end out of network charges was popular and has support from both sides of the aisle president trump promises support then in late july a mysterious group called doctor patient in unity showed up it poured vast sums of money now more than $28000000.00 into ads opposing the legislation without

disclosing its staff or its funders now that mystery solved the 2 largest financial backers of doctor patient unity our team house and vision health care private equity backed companies that own physician practices and staff emergency rooms around the country according to greg blair a spokesman for the company's so blackstone group owns team house and k.k. our own envision health care so again you know in the emergency room what happens in case you know a lot of people who support our current system haven't been there so often when if you if you know what an emergency looks like you know there's people that are dying they're unconscious they're in a coma and they don't have the ability to read all the data and ask each person checking their chart and this is what these companies do how they do this. surprise billing is they make sure some guy some woman some interned some somebody goes and checks your chart just looks at it and then they could charge $15000.00 because

they were out of network do awfully buy to predatory banks there's k k r and blackstone they own all the emergency rooms as private equity acquisition they made these acquisitions for multi billions of dollars and so they prey on the sick and dying so they they're able to monetize the sick and i remember last year we reported on tim geithner former new york fed head and former treasury secretary secretary who left that job to become a predatory lender these guys are into monetizing the sick and the dead for their their maximum personal gains and it's it's a sick plague that is swept america and we don't need to we don't know that it doesn't add anything to it we know where we're this god awful crop hospital masquerading as a country and it's just guys like kohlberg kravis and roberts who are like in the operating room they even have ambulances of the better kind of go around and you almost get the feeling that they're causing accidents so they can cash in on the carnage on the street i don't know about that but in terms of blackstone group by

the way they are also the largest landlord in america i'm talking about new feudalism here they run predatory practices and and a moment where you have no choice and you're not able to make a choice in an emergency situation blackstone group because of timothy geitner is the largest shareholder landlord in america the largest private landlord if you rent a home you're probably renting to blackstone and that's because of timothy geithner's policies that were supposedly to bail out. the good people of america well actually it was a gift and a handout to blacks and groups so now they almost property and again like when you see all this hysteria that's been going on especially in our cable news all the elite on the news are becoming more and more and more hysterical and you see that especially since the financial. crisis you see them acting in total hysteria and they keep pointing fingers and total witch hunts about all those people overseas the people in russia those people in ukraine those people in libya those people in

syria it's all of those people now look at what how this is projection of what they themselves are doing what they're afraid of all you know the 300 say 20000000 peasants in america 10000000 aren't so 320000000 peasants are so afraid of what they're what you're going to find out but there they can't help but project doctor patient unity has also spent hundreds of thousands of dollars on facebook and google advertising and has been spending direct mail to voters in dozens of congressional districts in some cases the group describes the legislation as the 1st step towards socialist medicare for all dream they were it spent hundreds of thousands of dollars on ads they didn't say who is backing it they didn't say it was by accident case they are financing these ads hundreds of thousands and nobody's up in arms the rachel maddow doesn't care about this but apparently a 60000 dollars an ad spent you know against hillary clinton's $1000000000.00 can

me when melt and morph the minds of the american people so this is just like. travis is basically a grave robber he's a k k r s one of the best was a k.k.k. are so a.b.c. c.b.s. n.b.c. c.n.n. washington post the york times. where they interview her crabs to say well why are you up you blood sucker why are you a blood sucking pig why are you stealing the why are you roaming around emergency rooms yet ripping people off and stealing all their wealth and killing our country henry kravis why are you doing that none of those are news organizations or interest in that story so you have essentially. i mean what you say about it i mean ok again most people have had the good fortune of not having to be in the emergency room or not having to be with an elderly parent in the. agency room and sitting there for hours and seeing the shock and horror and that the situation the crisis situation that is their own was nonstop and the fact is every single person that's

coming in there is vulnerable you hear people crying you hear people screaming out in pain you hear people screaming about their dying child the center of gravity that did your money give you no money over. there it's even worse than that it's like they're not even announcing themselves they're just like while you're bent over your dying child crying they're like going in your back pocket and lifting out your wallet very quietly and running away and we have as i said about lost yet we've legalized a system of plunder and this is it's going to right now it's 90 percent of our economy is going to 50 percent one day as as the plunder is allowed in a crevice the jimmy savile of wall street all right well we're going to take a break and when we come back much more coming your way so don't go away.

on the condition of the united states should remove the sanctions and talks with a possible lots of united says refuse to do so there's an increasing resource to argue the rights of states because of a drop of funds used to do it so there was a real concern that if you don't go through the negotiation your decisions with united states and then do in arkansas is again refuses to lift the sanctions march the same. north korea everything would be. worse than. welcome back to the kaiser report imax keyser time to turn back to our conversation with a mentor assignments welcome back great to be here now in the last episode we established

your bona fides as a legitimate wall street creator that's been working in the bowels of finance for decades and you know the ins and outs of everyone every body everything you're in this walking encyclopedia of finance you wrote plan a ponzi predicting negative interest rates i got to ask you about jeffrey abstain for a 2nd because. yeah i got it there's a story you know in the paper that they're on able to find any indication that he actually ever traded anything post his job at bear stearns so this is just a curiosity here because apparently no journalist in america going to find evidence that jeffrey epstein did anything in finance after his post is bear stearns' job but i know talking to you and others that you know is very active how come they have companies an invisible man in finance like this if somebody wants to trade and they don't want or need. to find trading the counterparty is going to get in is the

number for the names of the clearing banks you know. so you know. if somebody is truly if you never know who's really fun trip. to the woods going just. moments in our greatest we were. even. banks were you know that we were never. all right so this is part of the whole you know panama papers report that we saw come out recently there's a 20 trillion dollar shadow banking system of family offices and all kinds of skullduggery going on that is very rarely seen so he that's where he. lived apparently and has his post bear stearns' career there i guess that a cow far let's jump to hunter biden or biden son of joe biden again if wall street guys so how unusual is it for

a guy to mexico $100000.00 per year as a board member when what would be more than a bit pain as a board member of goldman sachs for example you know this guy looks a 30 as the day is a long one what's your input on john hunter biden i think it's pretty interesting that on his resume it won't even skip out of the navy for 'd doing crack cocaine or something and even he didn't seem to have any experience in natural gas or commodities so i don't know why you know that natural gas for the fire in many less it was you know back in the low clinton got away with back in who's from many companies in the clinton foundation and what was done nothing was done so you've got a 2 tiered system of justice in america was different and the clintons were paper plates when hillary was secretary of state as well biden's are no difference no difference however i think what's going to happen is there are going to be

documents that hunter biden wants and has signed that are going to appear with payoffs secretly is also a problem they have china is also raised a lot of money out of china and we flew over there a vice presidents jet missing so for for sleepy joe to deny all this is kind of crazy and eventually the story would come out west and live in a world where you know they didn't cover up anything which i'm starting to believe 'd may be the case so amazing that that is what it looks like anyway i mean i'm just the guy hair with a t.v. show what it looks like that trump call that out the. leyden is for corruption in ukraine and china and the biden's response is that somehow trump is interfering with his election campaign he's a sinner varying with his run for president because he had the temerity to point out that his son is corrupt that seems and the media of course in america

sides with the corrupt bidens right so i was looking for a.b.c. c.b.s. n.b.c. washington post new york times i've yet to find a mainstream media outlet in america that doesn't think that it's trump's fault to point out the corruption rather than the biden's fault for committing the corruption meche that jewelry clinton's some alinsky deal isn't it i mean you know you try to use the other people harder what you're really doing i mean you know the smoke and mirrors in the 1st half of the show that said i meant to cover the story of surplus medical billing wiping out americans now this is really truly a disgusting story i had to put on my vomit back to deal with as much of that happens in the emergency rooms who are kohlberg kravis and roberts of course andrea kravis and blacks down they own doctor groups they shake down comatose patients with out of network charges now you know their grave robbing essentially for profit

and making billions doing it will private equity do to our medical system what they did to the retail industry much further that we should be involved in this i think the government needs to get in the fray fixes and the seriously revamp if you think i mean the bill that you can get for medical care. and a nice exam and but none of the politicians are all paid off and will 'd do something nice if he or she needs. from changes i don't see change if you know what we're going to get and they go back and look like hillary. for 2020 years every she's on every network there's a new book in she says where i've got to get a 2nd vomit bag now i'm running out of vomit bags hillary back oh my god i feel of quite noxious speaking of nausea and vomit bags let's return briefly to the we work

saga because this company's business model was the 1st thing they teach you in business score not to do. lock in long term leases and then try to bell yourself out with short term leases i mean this is like kindergarten mistake level stuff but they thought they could go public with $47000000000.00 of the charade i mean what the match is absolutely bonkers i mean i identified as a ponzi scheme back j. were. the was the vision funded soft bank was the one that bank ruled and i don't know if you can see it you know the even the mission statement and if you had read their i.p.o. don was crazy. so we really do you know speculative company purchasing real estate so many backers of one term lease is ensure term coverage you never make money i don't think a business model can make money so i would not be surprised if it goes bankrupt and

includes vision fund it receivership inge and you know it wouldn't be the 1st time that is japanese from iraq so i think the lessons have not been heard from the japanese general of japan or of the nation from eighty's and so now from ninety's until now really it's not a negative growth in stock with 3 or 4 years we're really seem saying where we've had your will. for 40 years 'd we're going to follow the road. so that about we were thinking about japan or asian think about the western workers doing exactly which ends on it we're not it's going to get even uglier i don't write this way works in stupid or are so crooked that he was taking out these long term leases and buildings and then allowing landlords and competing floors in those buildings to undercut him that's american stupid this guy is of course they made off with cost a 1000000000 dollars bail gotten gains and it has gone from the crime of saying it

was an exit scam imac so if i say oh isn't it tough the market look legitimate there so we were a crook and he yeah was he smoking pot and some flake is real nice remarks leaders of the shareholders would have been well benefit or if they threw him actually literally off the plane from 30000 feet but unfortunately he was able to land now let's move on finally u.s. tariffs on european goods stilton cheese on the list this is the only agricultural product that has any respect at all coming out of the u.k. everything else of course coming out of the u.k. agricultural wise is garbage whiskey pecorino and gooda those are good cheeses can the global economy take any more of these. tariffs the met the world trade organization granted i think 7.5 of the tariffs and i think they originally wanted 999000000000 in terrorists i think that it was so they downgraded it but i think

that there are the tariffs i think a lot of countries that gave me exam to each of us position so i think most of that has to do in europe i think the e.u. is broken i don't think will be around in 5 years i think that the structure of the e.u. is fundamentally flawed on european commission which nobody has any same feeling those people in office that you closed door deals all back anders it's really really 3 pony guys are at it for what about the terror threats you got tariff out all over the world are once again having an taf i made the comment earlier that this is what happens if they go off the gulf that are they try to recreate it by doing other tariffs that if they're basking not only are they act of war but they just economically they just pile up on each other i don't ultimately work to that it don't you remember what we've discussed and i said it 1st there's a currency war then there is a trade war and then there's a hot war that's the way it recedes and this is what happens at the end of empires

and i think that this is the direction that we're headed so you know i say this is a very very bad direction we're heading because massive amounts of corporate debt that we have now is there a little over of triple the injun on something to do with the 5.5 trillion to now and we. you know i don't know where that salutes the buyer because the words owner is over centuries 'd ago so it should be in john in the sun who 1st. you're so you're going to see a lot of defaults for meaning to the market in a moment so 2 on the subject the tarot going back a store ical a member during the thirty's yeah the smoot hawley have supplied that were part of the whole depression rate dalyell of course heading up bridgewater in connecticut the biggest has fun in the world i believe is right now saying that we are repeating that exact history that trade wars are now going to lead to how wars you

think china and america are leading into a hot war and the various countries are now taking sides we've got about 30 seconds or thoughts i think that serves with china early justified and i think that there are a lot bigger than the ones that you're one of your or small fry i think you know they need to do something to see around and even change your mind in the manner i think this is what we ensure there are i think it all off or not. but. i think the signs of desperate times call for desperate measures as. yet another war on terror is not. well you know stupidity is trading at a new all time high on the various exchanges around the world and heading in even hire common sense at a new low this far side factoring on the contrary part. of all k. that's going to do it for this edition of the kaiser a par with me max kaiser if they have i'd like to thank our guests misfires style

of plan a ponzi dot com if you want to reach us on twitter it's kaiser report or check out kaiser report dot com until next time. join me every thursday on the elec so i'm unsure when i'll be speaking to guest of the world the politics sports business i'm show business i'll see you then. you really get the. social media needs its 1st step. was the digits of the few.

laughs. just a. little bit with the show moves to us which mobile both. of you both on the. call. least. are. there. are a. total

welcome to worlds apart if you can remain diplomacy has never been particularly spoken or else to fit the condemnations of the great satan and it's thinly veiled threats have long been part of it's from that killer but howling mad at its rival in the trunk of a stray ship. has changed his tack and barking on the global charm offensive hasn't been successful in getting the maximum pressure policy pursued by the americans well to discuss that i'm now joined by i mean that is that is easy assistant professor for regional studies at chez heaved to university on the stairs this is good to talk to you think you very much for. now you know i had a chance to interview the iranian foreign minister just a few weeks ago and it was very special interview very notable i thought their request for it came not from our side as usually happens but from the ukrainians.