the pentagon congratulates itself on pilling islamic states leader saying the pentagon congratulates itself on pilling islamic states leader saying the us is on wavering in its commitment to tackling terrorism. the united s. is on wavering in its commitment to tackling terrorism. the united states more than any other nation in the world possesses the power of the states more than any other nation in the world this is the power and the will to hunt to the ends of the earth those who wish to bring harm and the will to hunt to the ends of the earth those who wish to bring harm upon the american people. the british prime minister is good

it's time to get an upon the american people. the british prime minister is good it's time to get an early election is rejected by paul and the you agree to extend the break sit down the election is rejected by palm and do you agree to extend the breaks it deadline by another 3 months. and headlined by another 3 months. and hong kong officially enters a recession after a 21st weekend and by the hong kong officially enters a recession after a 21st weekend of violent unrest. i'll be back with another round up of the headline unrest. i'll be back with another roundup of the headlines next hour meanwhile stay with us for the cause a report next finds next hour meanwhile stay with us for the cause to report next.

oh i. know it's it's time to wake up it's kaiser report i'm max kaiser around it's it's time to wake up it's kaiser report i'm max kaiser fully awake but it seems like i'm in the minority on that score they're fully awake but it seems like i'm in the minority on that score so max we have a theme running through the 1st 2 have i see max we have a theme running through the 1st 2 headlines of course on this and in fact also the

3rd i believe and that sleepwalking of course on this and in fact also the 3rd i believe and that sleepwalking through imperial decline perhaps because the 1st headline is what rural ohio makes of turkey syria crisis through imperial decline perhaps because the 1st headline is what rural ohio makes of turkey syria crisis so this is the sabines the b.b.c. b.c. and they when they went to iowa and iowa and then the rural rural areas. outside of the cities where you know they had had the recent democratic to outside of the cities where you know they had had the recent democratic debates and the b.b.c. sent a journalist there to find out whether or not the rural people that it's on the b.b.c. sent a journalist there to find out whether or not the role people there. there were.

were equal cool to what you saw in an m.m.s. that's the n.b.c. c n. c.n.n. and the political class of the democrats were they as outraged as trump and the political class of the democrats were they as outraged as trump out of syria like like that. and what they found is that that just north of 300300 miles away from the city in the small town of circleville ohio the calm fells away from the city in the small town of circleville ohio the conflagration political and military seemed a distant hazy thought gratian political and military seemed a distant hazy thought i haven't followed it that much really says friend bush a circleville resident i haven't followed it that much really says friend bush a circleville resident our pastor is always saying to pray for the president and

i'm trying to let our pastor is always saying to pray for the president and i'm trying to listen and see what's going on but i get so sleepy at times i can't listen and see what's going on but i get so sleepy at times i can't concentrate. yeah i know hey you know this is interesting for a couple of hours concentrate. you know know hey you know this is interesting for a couple of reasons 1st of all the disconnect between the vast majority of americans and 1st of all the disconnect between the vast majority of americans and what people see on cable news is huge and what people on cable news thing what people see on cable news is huge and what people on cable news think everyone should get outraged about nobody in america pays any attention to think everyone should get outraged about nobody in america pays any attention to whatsoever and

this is what led to traumas victory in 2016 and what setting whatsoever and this is what led to traumas victory in 2016 and what setting him up for victory in 2020 what's interesting is that somebody from the b.b.c. you know there's a him up for a victory in 2020 what's interesting is that somebody from the b.b.c. you know there's a somebody from the foreign press who comes over into a marriage. somebody from the foreign press who comes over into america and you know once you step foot into america you know you would be quickly and you know once you stepped foot into america you know you would be quickly aware of the fact that there are almost 300000000 americans that don't carry aware of the fact that there are almost 300000000 americans that don't care about what happens on cable news they just get from sun to sunset putting in there about what happens on cable news they just get from sun to sunset putting in their hours taking care of their

kids doing their job doing the best they can and then their hours taking care of their kids doing their job doing the best they can and they're living in a country that they're very happy to be living in and they don't watch cable news so the b.b.c. is living in a country that they're very happy to be living in and they don't watch cable news so the b.b.c. is probably figuring you know we cover america all day long on the b.b.c. and when we go to america oblique figuring you know we cover america all day long on the b.b.c. and when we go to america apparently they are not really doing the things that we think that they're doing but there's the other apparently they are not really doing the things that we think that they're doing but there's the other side too which is when i grew up in the seventy's we used to watch these programs about our site too which is when i grew up in the seventy's we used to watch these programs about how the great american next millennium what it would be was a time of us how the great american next millennium what it would be was a time of leisure and that we would have time with our family and there would be

these robots and stuff like that that would take leisure and then we would have time with our family and there would be these robots and stuff like that that would take care of our laundry and all of our jobs would be like we would have a lot of take care of our laundry and all of our jobs would be like we would have a lot of time like things would get better but in fact what you're seeing. in time like things would get better but in fact what you're seeing in much of the country where the deplorable xl live is that they have to work 2 or 3 a much of the country where the deplorable xl live is that they have to work 2 or 3 or 4 jobs that they have to run in this like faster and faster for jobs that they have to run in this like faster and faster just to stay even with their debt just to make the minimum monthly debt just to stay even with their debt just to make the minimum monthly debt payment on their credit cards that are needed in order to

sustain their life a mint on their credit cards that are needed in order to sustain their life i.e. the basics the maslow's basic message cities food shelter i.e. the basics the masses basic message cities food shelter health care those have to all be put to death it's rare health care those have to all be put to death it's ratcheted up these costs are massive so you have people that are tired acid it up these costs are massive so you have people that are tired and too tired to think because they're working nonstop and. too tired to think because they're working nonstop and that's a danger because in washington d.c. they don't have to work that hard because that's a danger because in washington d.c. they don't have to work that hard because they just live off the plunder of your

taxes so they're fresh face then and as they just live off the plunder of your taxes so they're fresh face then and bush bushy tailed like taking all your money here they talk to another guy bush bushy tailed like taking all your money here they talk to another guy in this town circleville ohio and he was at the pumpkin show in his. in this town of circleville ohio and he was at the pumpkin show and his name was danny evans a construction laborer who said he was too busy with work to carry any evans a construction laborer who said he was too busy with work to care about what was happening in syria or understand i leave at 430 in the mirror about what was happening in syria or understand i leave at 4 30 in the morning and i get home at 630 or 7 at night i eat dinner with morning and i get home at 630 or 7 at night i eat dinner with my kids and i go to bed and i get up again he says he learns

a bit about current my kids and i go to bed and i get up again he says he learns a bit about current events from facebook but he doesn't watch or read the news regularly what he says he can events from facebook but he doesn't watch or read the news regularly what he says he does know however is that the u.s. has been too weak for too long we need somebody like does know however is that the u.s. has been too weak for too long we need somebody like trump who is going to stand up for our country and tell them that we're in the united states and they can prompt was going to stand up for our country and tell them that we're in the united states and they can't sleep with us right on banning i'm totally in agreement with banning on that one leap with us right on banning i'm totally in agreement with danny on that one you know the difference between america and europe again you know is that . you know the difference between america and europe again you know is that in america the idea is that if you lose

a job you're in big in america the idea is that if you lose a job you're in between jobs in europe the idea is working is a pitch when jobs in europe the idea is working is a period where you're in between vacations you know having lived in europe for almost 20 years. period where you're in between vacations you know having lived in europe for almost 20 years and you see it particularly in countries like france where the whole object and you see it particularly in countries like france where the whole objective of getting up in the morning is to figure out how to get more time off how to be on vacation active of getting up in the morning is to figure out how to get more time off how to be on vacation and work is considered evil and considered a complete waste of time in america and work is considered evil and considered a complete waste of time in america it's the opposite people don't even take all

the days off that they're given they love the work americans love to work opposite people don't even take all the days off that they're given they love the work americans love to work that's why this is different than country that it is they like to get up and work all day so this is not notice why this is different than country that it is they like to get up and work all day so this is not necessarily a story about someone being overworked as somebody who's telling you look i don't give a surly a story about someone being overworked as somebody who's telling you look i don't give a i don't care you know i love work and i work him and just jumps make an invaluable for me to work i don't care if i love work and i work him and just jumps make an invaluable for me to work more that's what i love about him the quote for me that is relevant is the woman who says she more that's what i love about him the quote for me that is relevant is the woman who says she's so sleepy at times i can't concentrate and to me that is important because he's so sleepy at times i can't concentrate and to me that is important because we are an empire and we are

a declining empire and this is part of we are an empire and we are a declining empire and this is part of the accumulation of gold reserves by other nations people are worried that we aren't the accumulation of gold reserves by other nations people are worried that we are a nation of people so exhausted and so tired not only are we exhausted on a. physical nation of people so exhausted and so tired not only are we exhausted on a physical level at the bottom 99 percent of people who are as we said in the last episode 60 level at the bottom 99 percent of people who are as we said in the last episode 60 percent of americans can't even pay for their current expenses out 2 percent of americans can't even pay for their current expenses out of their earnings so they have to go into debt these are people that are exhausted of their earnings so they have to go into debt these are people that are exhausted but on

the cable news where our elite messaging is but on the cable news where our elite messaging is sent out to the people not only are people too exhausted now to even listen to them and sent out to the people 'd not only are people too exhausted now to even listen to them and know what they're supposed to think but they've run out of ideas they you know you see that know what they're supposed to think but they've run out of ideas they you know you see that in the russia gate stuff you see it like with crazy hillary coming out and saying in the russia gay stuff you see it like with crazy hillary coming out and saying you know her stuff against chelsea gabbert and jill stein where she's accusing them of being you know her stuff against chelsea gabbert and jill stein where she's accusing them of being kremlin. you know agents or something then you see being kremlin. you know agents or something then you see biden also doing the same thing he's like we've

got you've got to send me money for my campaign because i didn't also doing the same thing he's like we've got you've got to send me money for my campaign because otherwise russia will take me down or something like that so they've run out of ideas on the cable as other ways russia will take me down or something like that so they've run out of ideas on the cable news and here i'm going to turn to the elite class because of course gold. saxe only use and here i'm going to turn to the elite class because of course goldman sachs you know they run they there's a revolving door between the banking you know they run they there's a revolving door between the banking wall street class especially goldman sachs and the halls of power in washington d.c. wall street class especially goldman sachs and the halls of power in washington d.c. at the i.m.f. at the world bank at the e.c.b. at the central banks so their power be at the i.m.f. of the world bank at the e.c.b. at the central banks so they are powerful firm and hank paulson was the head of the

treasury for firm and hank paulson was at the head of the treasury when we hit the financial crisis in 2008 and 9 before that of course he was that when we hit the financial crisis in 2008 and 9 before that of course he was at goldman sachs so here is some of the quote from him matching this exhaust goldman sachs so here is some of the quote from him matching this exhausted person at the deplorable person that has to work for a living here's a person the deplorable person that has to work for a living here's hank paulson describing what happened during the financial crisis how a link paulson describing what happened during the financial crisis how a late night phone call from warren buffett in 2008 may have hate night phone call from warren buffett in 2008 may have helped save the u.s.

economy of course this elite class writing helped save the u.s. economy of course this elite class of writing in the media think it saved the u.s. economy and that has nothing to do with why than in the media think it save the u.s. economy and that has nothing to do with why this woman in circleville ohio is totally exhausted having to work several jobs. but this woman in circleville ohio is totally exhausted having to work several jobs but and i took over 2008 in the midst of the financial crisis berkshire hathaway c.e.o. war and i took over 2008 in the midst of the financial crisis berkshire hathaway c.e.o. warren buffett made a late night phone call to then treasury secretary henry hank paulson and buffett made a late night phone call to then treasury secretary henry hank paulson with an idea about how the government might be able to turn the economy around paulson with an idea about how the government might be able to turn the economy around paulson was asleep he'd had

a busy night working through various policy ideas with his team to restore it was asleep he'd had a busy night working through various policy ideas with his team to restore confidence and wall street egos on to say 1st he woke up he didn't confidence and wall street he goes on to say at 1st he woke up he didn't know where he was who is this person warring call and he said my mom has i know where he was who is this person warring call and he said my mom has a handyman named warren and i'm saying who it why is my mom's handyman call handyman name warren and i'm saying who it why is my mom's handyman calling me you know so he was so sleepy he couldn't concentrate on me you know so he was. so sleepy he couldn't concentrate warren buffett got him and proposed with that tarp fund the start funds warren buffett got him and proposed with that tarp fund the start funds that instead of buying up assets why don't you just inject it

directly into the bank that instead of buying up assets why don't you just inject it directly into the banks and he say a-k. like in the middle of sleep so it was time paulson this things he say a-k. like in the middle of sleep so it was time paulson it's not a lack of slick it's about narcolepsy which accompanying that would be hallucinations and a lack of sleep it's about narcolepsy which accompanying that would be hallucinations so here's a guy who's mentally unstable who gets a call in the middle the night from so here's a guy who's mentally unstable who gets a call in the middle the night from the largest owner of bank shares shares in banks the largest owner of bank shares shares in banks in america if you look over warren buffett's portfolio it's mostly in america if you look over warren buffett's portfolio it's mostly banks and he is the single biggest

owner of shares in banks so he called banks and he is the single biggest owner of shares in banks so he calls the treasury secretary who's a narcoleptic and mentally unstable and said whistles the treasury secretary who's a narcoleptic and mentally unstable and said whispers that is there 1 am you know what maybe you should just print a few trillion dollars that is there 1 am you know what maybe you should just print a few trillion dollars and bail out me bill me out please hank in stairs and bail out me bill me out please hank instead of trying to do something you know structural or something that might cost me a penny this kind of trying to do something in a structural. or something that might cost me a penny this could be a great opportunity for me warren buffett just give me the money oh it could be a great opportunity for me warren buffett just give me the money oh it took care of

the for a while and of course that's exactly what they did and of course i want to congress own shares in berkshire up there are there for all and of course that's exactly what they did and of course i want to congress own shares in berkshire hathaway and bank stocks they all made tons of money again i don't know about any sort of mental health the way and bank stocks they all may have tons of money again i don't know about any sort of mental health issues but in terms of whether or not this is predatory or not for warren buffett health issues but in terms of whether or not this is predatory or not for warren buffett to call a guy in the middle of the night all the sleeping and of course reminds me of the predatory hospitals for example of guy in the middle of the night all the sleeping and of course reminds me of the predatory hospitals for example where you arrive in a perhaps a coma unconscious or you're put under example where you arrive in a perhaps a coma unconscious or you're put under and sedated and then they they have a fly by doctor who comes in and racks you know been sedated and then they they have a fly by doctor who comes in and racks you know charges you 50000 dollars for looking

at your chart because he's out of network here of the same charges you $50000.00 for looking at your chart because he's out of network here the same thing is he's hank paulson is just handed the week before a few thing is he's hank paulson is just handed the week before a few days before $700000000000.00 without any. like parameter days before $700000000000.00 without any. like parameters imposed on him by our legislative bodies so congress gives him $700000000000.00 imposed on him by our legislative bodies so congress gives him $700000000000.00 warren buffett calls them in the middle of the night says hey give me it and yet rescue salaries warren buffett calls them in the middle of the night is this. give me it like yeah rescues him but here so here's a class like were it also establishes that hank but here so here's a class like we're also establishes that hank paulson had no idea what to do with

the money but oh you know we know from testimony that the reason they stole some had no idea what to do with the money but oh you know we know from testimony that the reason they settle on 7 $100000000000.00 is for the reason that quote one trillion sounded too big to settle on $700000000000.00 as for the reason that quote one trillion sounded too big and quote that's all the thinking they did on this so they were out of ideas some saying like it and quote that's all the thinking they did on this so they were out of ideas some saying like the woman that has to work the man who has to work at 430 to sustain all of this a woman that has to work the man who has to work at 430 to sustain all of this fraudulent class this plunder class there are too tired to think it's a fraudulent class this plunder class there are too tired to think here these 2 these people are too they're out of ideas they can't even think of an original idea here these 2 these people are too they're out of ideas they can't even think of an original idea and then finally tying this all together in terms of and then

finally tying this all together in terms of you know this decline of empire out of ideas student loans crisis not mideast wars you know this decline of empire out of ideas student loans crisis not mideast wars helped army leaders exceed recruiting goals this year says this is from the army times and they say that helps army leaders exceed recruiting goals this year says this is from the army times and they say that army leadership gathered to say to announce that they surpassed their recruiting goal 421000 army leadership gathered to say to announce that they surpassed their recruiting goal for 21000 signing up more than 68000 active duty soldiers before the end of the fiscal year signing up more than 68000 active do. the soldiers before the end of the fiscal year but the long wars in the middle east weren't exactly part of the sales pitch based on his ex but the long wars in the middle east weren't exactly part of the sales pitch based on his experience visiting $30.00 to $40.00 recruiting stations osier the eventual outcomes of wars

abroad areas visiting $30.00 to $40.00 recruiting stations a c. or the eventual outcomes of wars abroad are not really part of the discussion between potential soldiers and their recruiters said major general but are not really part of the discussion between potential soldiers and their recruiters said major general frank month he said one of the national crises right now is student loans so 31 franc month he said one of the national crises right now is student loans so $31000.00 about the average they owe you can get out of the army after 4 years of $1000.00 about the average they owe you can get out of the army after 4 years 100 percent paid for the state college anywhere in the united states so these people who are too tired to think 100 percent paid for the state college anywhere in the united states so these people who are too tired to think the only way out of that is to go to college or rack up debt which leaves you that the only way out of that is to go to college or rack up debts which leaves you then too tired to think

because if they work 5 or 6 jobs to pay off this debt and pay for obamacare and too tired to think because if they work 5 or 6 jobs to pay off this debt and pay for obamacare you saying that this is recruiting people into this war that they don't even know what as the b.b.c. are you saying that this is recruiting people into this war that they don't even know what as the b.b.c. established nobody knows what it's where there for what it's about you know wars become generic c. established nobody knows what is where there for what it's about you know wars become generic and america used to be branded like world war 2 you had a branded enemy and america used to be branded like world war 2 you had a branded enemy the germans there was a branded enemy now it's purely generic brand x. we don't even the germans there was a branded enemy. now is purely generic brand x. we don't even look at who the enemy is it's just go pay get money pay down debt that's how common it is be look at who the enemy is it's just go get money pay down debt that's a common has become and the cost of war is cheap because you just print the money

like the generic brand used to be had to actually come and the cost of war is cheap because you just print the money like a generic brand used to be had to actually spend gold to buy guns to go kill people now you just print money buy guns and kilby spend gold to buy guns to go kill people now you just print money buy guns and kill people the cost of war is down in the generic war level you print debt you don't people the cost of wars down in the generic war level you print debt you don't print money you print death they're printing. of makes me sleepy print money you print death they're printing. of makes me sleepy.

today there are good and bad bad today there are good and bad the bad news in yemen the united states deems to be a threat the good. news in yemen the united states deems to be a threat the good those who work in syria the cia and the us military were engaged in the covert of those who work in syria the cia and the us military were engaged in covert actions really throughout the world. where they were assassinating popular actions really throughout the world. where they were assassinating populist leaders they were backing up right away military juntas funding in our means just wasn't leaders they were backing up right away military juntas funding and arming these death squads there's no any more because there's always

a small column of people since there's no phones anymore because there's always a small column of people for one really good in this country profit. try one really good in this country profit. joining me. join me every thursday on the alex salmond show and i'll be speaking to guest of the world of politics every thursday on the alex salmond show and i'll be speaking to guest of the world the politics sports business i'm showbusiness i'll see that. sports business i'm show business i'll see you then.

welcome back to the kaiser report i'm back. in a welcome back to the kaiser report imax keyser time now to turn to a very special guest dmitri or a lot of club orloff skies are time now to turn to a very special guest dmitri or a lot of club orloff dot blogspot dot com it's been a few years to me very nice to have you back it's great dot blogspot dot com it's been a few years to me very nice to have you back it's great to be back with you max all righty let's get into it so you're a russian american be back with you max all righty let's get into it so you're a russian american living in st petersburg russia what's that like in the dark and living in st petersburg russia what's that like in the days of the anti russian

hysteria from the so-called liberal days of the anti russian hysteria from the so-called liberal america well i would say that it's same as ever because. well i would say that it's same as ever because nobody here has any clue that i've spent a couple of decades living in the us i just but here has any clue that i've spent a couple of decades living in the us i just russian i live in russia it's the most natural thing imaginable. i'm russian i live in russia it's the most natural thing imaginable. the united states and the madness it gets covered in. the united states and the madness it gets covered in the news but it's not a major topic of interest to most russian in news but it's not a major topic of interest to most russians about the only time it really comes up

is when i. was about do only time it really comes up is when i. try talking about the united states to one of the local liberals they do it try talking about the united states to one of the local liberals they do exist there are few in number something of an endangered species they do exist but other exist there are few in number something of an endangered species but they do exist but other dramatic just really doesn't register with the people here that you know the united states has gone mad so mad it just really doesn't register with the people here that you know the united states has gone mad they're just it's not on the radar let's you know you wrote a best said today if that's not on the radar spend a while let's you know call the. lapse of gap an essay and spend a while now it's called the collapse gap and that's when we 1st were introduced to

your work and it was circulated widely here in and that's when we 1st were introduced to your work and it was circulated widely here in the in the nomic circles and a lot of the things you predicted at that in the nomic circles and a lot of the things you predicted at that time have come to pass and so i want to get your insight into this time have come to pass and so i want to get your insight into this more thoroughly so what's at the root of this neo mccarthy a stereo. more thoroughly so what's at the root of this neo mccarthy a steria in your view in in america is it a symptom of the collapse that you syria in your view in in in america is it a symptom of the collapse that you saw coming more than a decade ago in your essay the collapse gap why have they saw it coming more than a decade ago in your essay the collapse gap why have the american liberal elite

abandoned all reason apparently dimitry in american liberal elite abandoned all reason the parent lee dmitri. well it's because they have nothing to offer they really don't. well it's because they have nothing to offer they really don't have any tricks left they basically have to admit that have any tricks left they basically have to admit that everything they've tried has failed and admit that you know everything they've tried has failed. admit that you know there are a couple of nations that are ascendant and russia has one of them china is the other one couple of nations that are ascendant and russia has one of them china is the other one so these is thing to do is to vilify them now with russia so these are just thing to do is to vilify them now with russia it's basically

a lot of previous investment you know hundreds of it's basically a lot of previous investment you know hundreds of. hollywood movies that demonize russia. hollywood movies that demonize russia. thousands of hours of cable television their russia becomes thousands of hours of cable television russia becomes blamed for all sorts of things so. russia is the prime can't blame for all sorts of things so. russia is the prime candidate for demonization it's very difficult to do the same thing to china because that did it for demonization it's very difficult to do the same thing to china because that would be considered racist whereas russians pass for white people so russia's they would be considered racist whereas russians pass for white people so russia's state the obvious target but it's sort of shadow boxing because they are really hitting

the obvious target but it's sort of shadow boxing because they are really hitting russia they're. pretty much like watching each other over russia that's what it looks like russia they're pretty much like watching each other over russia that's what it looks like from here you know and i 'd think that there's a point there you know these social justice warriors from here you know and i 'd think that there's a point there you know the social justice warriors in the u.s. the hollywood liberal types airs in the us the hollywood liberal types that whenever there's a prob problem oblon they they access the mathematical italy they just point just an alloy that russia russia as the source of the problem and it just strikes strikes enix anyone who's who got isn't any got any sentences and hits us to

history or any consciousness at all it's just just naked it bigotry bigotry just make it bigotry and but they but and these are coming from the social justice warriors just make it bigotry and but they but and these are coming from the social justice warriors who you know are going to eat falafel in our tofu sandwiches and drive a prius to you know are going to eat falafel in our tofu sandwiches and drive a prius but i don't see many problem with just categorically castigating but i don't see many problem with just categorically castigating russians in this very almost bordering on the hysteria and russians in this very almost bordering on the hysteria anti-semitic hysteria we see this rip and bigotry that's exactly the say so medical stereo we see this rip and bigotry that's exactly the same but the inadvertent hilarity of it is that people who are preaching tolerance but in

a church hilarity of it is that people who are preaching tolerance for you know. range both genders and. you aren't allowed for you know range both genders and. you aren't allowed them to to call them illegal aliens anymore whatever you're allowed to call them now them to to call them illegal aliens anymore whatever you're allowed to call them now you know they're all. in favor of inclusion and at the same time you know they're all. in favor of inclusion and at the same time they're the most intolerant people in the world when it comes to russia it's really their the most intolerant people in the world when it comes to russia it's really remarkable and they don't see the internal contradiction i wonder how that works i think a remarkable and they don't see the internal contradiction i wonder how that works i think whilst for convenience because it's political convenience let's talk about

some economic things or so whilst for convenience because it's political convenience but let's talk about some economic things are so russia kids selling dollars and buying gold all at the current rate russia russia kids selling dollars and buying gold all at the current rate russia will be the 3rd largest holder of gold within the next few months behind only the u.s. will be the 3rd largest holder of gold within the next few months behind only the u.s. and germany what's going on here dimitri well russia has solace in germany what's going on here dimitri well russia has sold its u.s. debt holdings it is buying gold but it's also a major u.s. debt holdings it is buying gold but it's also a major goal producer so mostly it's buying what it makes it's supporting a tickle producer so mostly it's buying what it makes its supporting its domestic production of gold production now in terms of its being number 3 i don't even know

its domestic production of gold production now in terms of its being number 3 i don't even know if that's that's true anymore. because we don't know how much gold the united states has left but that's that's true anymore because we don't know how much gold the united states has left because any time anybody asked for their gold back from the united states because any time anybody asked them for their gold back from the united states that they have on deposit in the united states the answer was no that they have on deposit in the united states the answer was no sorry sometimes they got a little bit of gold back sometimes sorry sometimes they got a little bit of gold back sometimes it was the wrong gold it wasn't the gold that was put on deposit to begin with. was the wrong gold it wasn't the gold that was put on deposit to begin with germany asked for its gold back got

a little bit back and then eventually just quietly gave up truly asked for its gold 'd back got a little bit back and then eventually just quietly gave up trying to repatriate its gold. there's a good chance that the u.s.'s sold it's going to repatriate its gold. there's a good chance that the u.s.'s sold that gold holdings off to china just to keep china from dumping its debt which would just completely destroy the united states financially and so russia could very well be number one or both holdings off to china just to keep china from dumping its debt which would just completely destroy the united states financially and so russia could very well be number one in terms of terms of kowtowing to holdings but what what what at meet with me that would mean that mr minas insist that this. rebel us will be able to be able to pull off what it's been trying to pull off which is trade with countries around the world using what it's been trying to pull off which is trade with countries around the world using their own currencies while while backing the transactions with their

own currencies while while backing the transactions with with guarantees based on. gold gold reserves they're well on their way to being able to get ts based on gold gold reserves they're well on their way to being able to achieve that i think right so the dollar is world reserve currency to achieve that i think right so the dollar as world reserve currency is seemingly having the days are numbered and we've got is seemingly having it the days are numbered and we've got countries like russia and china and others deciding to drop out of the dollar countries like russia and china and others deciding to drop out of the dollar and move on that's certainly a sea change in the global economy and move on that that's certainly a sea change in the global economy now if we know you mentioned china

a little bit here there seems to be now it we know you mention china a little bit here there seems to be a growing awareness in the u.s. now. about china growing awareness in the u.s. now this in a phobia about china is a swelling paranoia at this at this time. is a swelling paranoia at this at this time. and you know. from an economic perspective and you know. from an economic perspective what i see would be a legitimate reason to what i see would be a legitimate reason to to kind of feed her china the chinese economy as relates to the u.s. economy to kind of feed her giant the chinese economy as relates to the u.s. economy i mean they're building something over there i'm not sure the u.s.

quite understand me i mean they're building something over there i'm not sure the u.s. quite understands what's happening what do you see well china has the most of what's happening what do you see. well china has the most successful economic model in the world ever the transition that has a successful economic model in the world ever the transition that has occurred in china to propel it from basically an economic backwater to china to propel it from basically an economic backwater 2nd little agrarian economy to the world's number one second little agrarian economy to the world's number one economy i would think surpassing the united states in 50 years one economy i would think surpassing the united states in 50 years it's been an absolutely remarkable state and

a system that they've put in place and it's been an absolutely remarkable state and a system that they've put in place it's not communism it's not anything that karl marx or his followers could have possibly and it's not communism it's not anything that karl marx or his followers could have possibly imagined you know mother tongue was a follower of santa. hasn't you know mother joan was a follower a fan of peter crockett who was a socialist anarchist. what i think the chinese are who was a socialist anarchist. what i think the chinese model actually is if stalin has a 2.0 with what a lot of the model actually is if stalin has a 2.0 with with a lot of bugs fixed and a lot of patches. it was also very successful bugs fixed and a lot of patches. it was also very successful model in the soviet union while

stalin was alive double digit growth every evil model in the soviet union while stalin was alive double digit growth every year just a remarkable achievement in terms of air just a remark. well achievement in terms of in terms of economic performance but then after stalin died in terms of economic performance but then after stalin died christopher came to power and pretty much wrecked the whole thing including the relationship with china christopher came to power and pretty much wrecked the whole thing including the relationship with china but now russia is also bracing a sort of stalin as of $2.00. now russia is also bracing a sort of stalin as of $2.00. and it's a very solid. and it's a very solid mix of large state owned enterprises and

a large mixed mix of large state owned enterprises and a large mix of private companies as well keeps they all the guard of private companies as well keeps they all the guard under control under political control. and actually manage a key under control under political control. and actually manages to to manage public affairs so that the common good is as to to manage public affairs so that the common good is sublevel served china stands to eradicate poverty level served china stands to eradicate poverty in another couple of years russia has made strides in that direction as well already in another couple of years russia has made strides in that direction as well so this is a model that works and the united states in the collective west says this is

a model that works and the united states and the collective west don't have anything at all to offer that is like that that is equally as don't have anything at all to offer. that is like that that is equally affected and said there cringing and they're fearful. checked it and said they're cringing and they're fearful. you know that they want to somehow escape their predicament and it's a great having you know that they want to somehow escape their predicament and it's a great having nothing to offer right so stalin ism 2.0 it doesn't nothing to offer right so stalin ism 2.0 it doesn't sound like a great branding exercise for china sound like a great branding exercise for china or you know this is.

let's or you know this is. let's dig into this a little bit so you know you have china they get into this a little bit so you know you have china the rise to power is from. the very the rise to power is from. the very it's a strong armed rise to power that this is a very very contrary it's a strong armed rise to power that this is a very very controlled society this is a society with very few free speech rights very society this is a society with very few free speech rights very few rights i and they are emerging it becoming a few rights i and they are emerging it becoming a dominant cult economy in the world and dominant cult

economy in the world and the us of course going back 5060 years we had a world war the us of course going back 5060 years we had a world war ok and the u.s. came out of that war with its ok and the u.s. came out of that war with its model of free speech and bill of rights etc becoming a model of free speech of bill of rights etc becoming a global standard so let me ask you this the the the future global standard so let me ask you this the the the future if it's purely economic would favor this if it's purely economic would favor the strong hand some might call the dead hand of wrong hand

some might call the dead hand. of of an autocracy but so is of an autocracy but so is you know is the western model is the us model dead completely is the western model is the us model dead completely. or will there be a pushback so in other words you know a. war will there be a pushback so in other words you know you put me in a position where i'm going to have to push back and say that if you put me in a position where i'm going to have to push back and say that the the us model. could could could be the the us model. could could could be offer some some. you know what what are your thoughts well offer some some.

you know what what are your thoughts well i don't know i see the united states as the most you know corrupt country in the world so i don't know i see the united states as the most you know corrupt country in the world so corrupt that they've legalized corruption it's called lobbying and so corrupt that they've legalized corruption it's called lobbying and you know china and russia have successfully combat corruption so that their quest you know china and russia have successfully combat corruption so that they're quite effective at this point. russia went through a period of time where they affected at this point. russia went through a period of time where they were actually executing thousands of corrupt officials everywhere actually executing thousands of corrupt officials every year but that has stopped there they've stopped executing corrupt officials why because career

but that has stopped there they've stopped executing corrupt officials why. because corrupt officials are debt they don't exist anymore. now whether there is to officials or debt they don't exist anymore. now whether their system is liberal or not as it decide the point because nobody is going to dictate their to some as liberal or not as it decide the point because nobody is going to dictate their terms to china or to russia for that matter from that point of view west terms to china or to russia for that matter from that point of view western liberalism is just completely dead everybody in the world every sovereign nation on the edge of liberalism is just completely dead everybody in the world every sovereign nation in the world from now on is going to set their own standards for what they will tolerate and what they want world from now on is going to set their own standards for what they will tolerate and what they want and the united states and other

western countries will have absolutely no say and the united states and other western countries will have absolutely no say. right so i guess it comes down to really a discussion of centralization of earth right so i guess it comes down to really a discussion of centralization vs decentralization and so far decentralization has been the winning strategy is decentralization and so far decentralization has been the winning strategy but let's cut off their cars are out of time thanks so much for being on the kaiser report to me but let's cut off their cars are out of time thanks so much for being on the kaiser report to me. thank you ok that's going to do it for this edition of the kaiser report with. thank you ok that's going to do it for this edition of the kaiser report with me max kaiser and stacey herbert like to thank our guest dmitri orloff if you want to catch us on day max kaiser and stacey herbert like to thank our guest dmitri orloff if you want to catch us on twitter it's kaiser report until next time by. twitter it's kaiser report

until next time.

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in the most adult book hit the roof of the bus and you will still wish you know i don't know what that war. was you know i don't know what that or. if it was the latest news in the pulse. if it was the latest news in the put us. at arsenal boys and all right so you have put. stuff in boise all right so you have put your system of those. ministers through the summer in the store oh yeah this was one of those. ministers through the summer in the store yet.