i've been on we've had protests in haiti we've had protests in egypt and spent on we've had protests in haiti we've had protests in egypt and spain so a lot of them are about this global insurrection against the rocks and ration against back pain so a lot of them are about this global insurrection against the rocks ration against banker occupation that's what we call it we said and you know they got over grog the patient that's what we call it we said and you know they got over there it's what i call i came up with a new metaphor it's the stone blower you know that or it's what i call i came up with a new metaphor it's the stone blower you know that with a little bit slow blower or in you know you put a pusher shit down to. the road there or they're there in a blue nose and it blows all the snow. off to the side so but it's sickly. and it leaves and it leaves a flat non snowed surface so these central bank policies they have flat non

snowed surface so these central bank policies they blow all the low. into the tops of the well and the 110th of percent one percent and they leave everybody else without anything wrong. and they leave everybody else without anything right and they do this with financial engineering and they do this with financial engineering and policy initiatives to see it's not an international accident it was but executed well so that's going to get these huge walls of income gaps don't happen because of some. big because of some. accident by design and you know

we have shown on this show for 10 years like ok we sit by design and you know we have shown on this show for 10 years like ok we said jamie diamond was engaged in racketeering to to fix prices in the gold market to mend jamie diamond was engaged in racketeering to to fix prices in the gold market to manipulate prices and to ingratiate into you know prices and to ingratiate into you know oil in. a pool ball and that and then it's. finally finally he's now being investigated and prosecuted under racketeering right those are individual crimes and those are with bad intent this central banks now being investigated and prosecuted under racketeering right those are individual crimes and those are with bad intent the central banks and the treasuries and in

the treasuries and the fact that the fact that the treasuries and the reason governments have got abdomens hated to have their abdicated their role in a call in the economy at the top to them in this attention to the banks central bank with it they will leave with our. experience and i've living in the town i have hours 3 towers those people might think they're well those people tell my inch think and that but they're well one top inch and. what they really have created read and is a global globally. than a vast this would absorb some of our kara to appear simple and they are patrick harris and they actually have to work for a focus so over there at the bank of england on the market we're on it for and it was ok so over there at the bank of england on the market it was shown that he as an individual was engaged in libel or rigging known that he as an individual was engaged in libel or rigging yes and then give it to as well and then the individual

is the son on the trails the son in control so there's banks so there's a few. central banks run by individual and there can be innovative in fuel rods and they're starting to the tough. crime starts at the top as would say and trickles down that that's the just the trickle that called this that this is. self self hell is wolf is rigged there for it and therefore anybody or any who has anybody who has it within that job within that system or if this functions and that's where functions in that system will become tunku corrupted by that fund the fundamental to layer that is the corrupt monetary so the problem and the terror and here of this for exist i'm ample intil and here they are why for example employer pull it into why people are protesting here want to hear why i believe there are they generate any genuine permanent protests and and sure

are outside active actors members may intervene at some point or perhaps they are whatever but one and a half 1000000 people should i intervene at some point or perhaps they are whatever but one and a half 1000000 people showed up in the streets branko milanovic who is one of the experts if not the form up in the streets branko milanovic who. who is one of the experts if not the foremost expert in the world on inequality and he has studied this for the past few decades expert in the world on inequality and he has studied this for the past few decades he tweeted in the new 201320 feet in the new income 203-2900. distribution data just completed the bottom 5 person incomplete or did they make the bin come bottom as the bottom 1st cent in chile or at the same income level as the bottom 5 percent among goli and moldova so we all recognize that moldova i've percent among goli and moldova so we all

recognize that moldova and in mongolia are developing nations that there are poor nations and the bottom 5 percent in chile and the bar out of 5 percent of tension those are equal to the needs while the top the top 2 percent in chile and this is probably under estimated he said. and this is probably under estimated he says have the same income as the top 2 percent in germany germany is in as the. germany germany is an industrial powerhouse with a massive export market huge wealth creation and the top 2 percent interest with a massive export market huge wealth creation and the top 2 percent in chile are equal to the top 2 percent in germany but what you've seen those are equal to the

top 2 percent in germany but what you've seen those t. shirts are bumper stickers or whatever the say the beatings will continue until morale t. shirts are bumper stickers or whatever the say the beatings will continue until morale improves right as ironic right because morale is not going to improve if you keep beating on improves right as ironic right because we're all. it's not going to improve if you keep beating on people now here they say until a policy is to bankrupt the country people now here they can chill a policy is to bankrupt the country to eviscerate the middle to a civil suit them. and clubs to. the club f.c. the that's the policy and those of the it went well in this club and soccer know cicely the win when this note this close up cost that the car see there's a 1000000 people on the street that have benigno policy is that through their

policies there's a 1000000 people on the street that have been impoverished do their policies their response. now it's on the right down as much as like they. think they met in one factory they run to the street for a price of being price tag if you point out if you. are out there a engaged in man masses of corruption they double down so so here and children. and other not the other countries if you point out to them hey you're engaged in madras surveys if corrupt point it out they can be done. and get aid and they can just ask mates of corruption they double down and they just make even more empathy eve and there. pushback and there's a little. push back there's no law against it in a minute the united states are going to have all that if the regulations start so they said oh we've got to stop it and bring it on the other bank right giving

limited legislations right so there's no way to stop it and in the bank of england of england of course it's sort of the purest case of a kleptocracy and so england and then of course it's sort of the purest case of a kleptocracy and so it's now that spend spread to the core business model of also entrepreneurs there are conspiracy spend spread to the core business model of also entrepreneurs there are conspiracies going on all over the place and as we pointed out the conspiracies to rig precious metals markets we presented it here in cries report back in 2011 people said it was a conspiracy going on all over the place and as we pointed out the conspiracies to rig precious metals markets we presented it here in cries report back in 2011 people said it was a conspiracy theory here indeed it wasn't and they are aware as i said that if that was your theory having regard in there as i was that is right what was tearing. down there was as racketeering going on it is now a conspiracy indeed in fact as the department of justice has now asked for canards putting them here or see indeed in fact as the department of justice is charging

them there is a conspiracy going on there in there is a republican market and if you we're a no see going on in the repo markets we know for a for a fact act that some central banks once well the new york fed and particularly there is. firing to rig big something we don't we know what it is going out what i'm basically co-housing out is that i'm black cock as it hold it all as a whole we don't. you don't know who you know we don't know. which shay out and go banking shadow banking member who is in trouble and we have this headline tweet here and in fact from who fred is that they can trouble. and we have this headline tweet here and in fact from fred hickey and he says this massive daily fed intervention business appears to be get it he and he says this massive

daily fed intervention business appears to be getting worse and worse what is the fed hiding the longer this goes on and the bigger works and worse what is the fed hiding the longer this goes on and the bigger the interventions get the more my confidence is shaken i expect that's true for other and the interventions get the more my confidence is shaken i expect that's true for other investors too and he was responding to a tweet from brad houston about the fed temporary festers to and he was responding to a tweet from brad houston about the fed temporary repo on said that it said we're doing something 70 today anything to me said we're doing repose today and tomorrow on september 19th they said we're extend i think some people are no ninety's until they settle. 75 i believe you know to open our 10th 75000000000 overnight 30000000000 term and then on october fight or 30000000000 into rearm and then doesn't let an october 4th where it isn't

a leaven 141011 works and repose until january 202-010-1120 extension 000 repos they want to. go off tempering 23 work spending overnight repo offering to 120000000000 or 45000000000 term there's a run on the bank for 120000000000 or 45000000000 term there's a run on the bank for the highest liquid shortest term base money paper the highest liquid shortest term base money paper and their error is. sufficient quantity there. is not sufficient quantities to keep the system to system of plus and some major advantages sun if you made what you are going to buy could be the morgan that's my guess is in 2 announce bankruptcy or insolvency or deutsche bank and this is of course look at the numbers i is soon to announce bankruptcy or

insolvency or deutsche bank. and this is of course a look at the numbers i bounce on stunting 2021 have we seen such a collapse and based money in fact we're going to go nuts on stunting 2021 have we seen such a collapse and based money in fact we're going to go to a headline here and talks exactly about that and that shows the data that the headline here and talks exactly about that and that shows the data that the base money supply is declining at the same rate of $21.00 and supply is declining at the same rate of $12021.00 gold credit and the coming financial collapse since 2016 the us all an attempt at a base in the coming financial collapse since 2016 the us monetary base has declined by about a creepy find point by say 6 about 23 points this is the. percent this is the

deepest and longest the kleine since the federal reserve was formed the. 23rd 190002 reserve was formed on december 23rd 1013 this should not be ignored the last time there was a decline close to this magnitude there was that in the should not be ignored the last time there was a decline close to this magnitude there was a sharp deflationary recession that was the one that occurred from 1920 to sharp deflationary recession that was the one that occurred from 1920 to 21 point you want to say you can see the dipstick line again in the a monetary basis. in the monetary base and back there in 2021 and 2 just for any. you know and definite just for you know definition purposes and purposes are those of us that same age same keep in mind he is there might just be the most honest the factory down a day just as the foundation heart to heart of the money of some plenty. and rep

and it's the most represent liquid most. parlett in that part of that it it basically acts like gould well you know it's $100.00 and we want to somehow manage it for plunder said funded gold standard it represents the final settlement of a transaxle old standard it represents the final settlement of a transaction right that's the key is the settlement layer as it's called with right that's the key is the settlement layer as it's called with the most liquid highest grade paper government paper if these banks like it if you will most liquid highest grade paper government paper if these banks like j.p. morgan or deutsche bank are unable to settle trades because they don't have the cash this morgan or deutsche bank are unable to settle trades because they don't have the cash to settle the trade then when the end of the quarter comes they're

going to have to by law if they if there is the rule of law anymore and that's an open question announce that they are unsettled the trade then when the end of the quarter comes they're going to have to by law if they if there is the rule of law anymore and that's an open question announce that they are insolvent and therefore they're going to set off a cascade and a contagion. and therefore they're going to set off a cascade and a contagion. will be a continuation of the 2008 crisis but much much worse because of the will be a continuation of the 2008 crisis but much much worse because in the 2008 crisis the response by central banks was to inject 16 or 17 trillion 1000 a crisis the response by central banks was to inject 16 or 17 trillion of money into the system and the hope was that this would korean of money into the system and the hope was that this would create growth g.d.p.

growth and taxable revenue to pay down some debt but instead a growth g.d.p. growth and taxable revenue to pay down some. that but instead the banks simply took that money and hoarded it on their own balance sheets the banks simply took that money and hoarded it on their own balance sheets and they in turn did not lend it out into the economy they did not create any and they in turn did not lend it out into the economy they did not create any meaningful g.d.p. growth and in fact over leverage the economy 10 times meaningful g.d.p. growth and in fact over leverage the economy 10 times greater than and i'm straight better than and had to bet that in 2008 so now the. debt. bomb. blood oh. blood. and the. little fish rat is desperately trying to carve out a grid cover in britain and read

a report. that we're just like shut up pushes us like that firing that fire in california with a squirt gun so the final settlement of a transaction for me with a squirt gun so the final settlement of a transaction that that's cash that's gold that's that's that's cash that's gold that's big coin there's no counterparty risk these people in the financial markets do not want to coin there's no counterparty risk these people in the financial markets do not want to swap that for any instrument with a counter party where such a swap that for any instrument with a counterparty we're seeing a huge run on the counterparty market nobody wants any any seeing huge run on the counterparty market nobody wants any any sort of instrument with the counterparty it would seem during the 1920 to $21.00 we sort of instrument with the

counterparty it would seem during the 192221 recession the decline in the monetary base eventually made it into the broader money supply recession the decline in the monetary base eventually made it into the broader money supply in this cause a significant drop in price levels between 13 and 18 percent during the recession this cause a significant drop in price levels between 13 and 18 percent during the recession with wholesale prices dropping as much as 36 percent this is not action with wholesale prices dropping as much as 36 percent this is not yet filtered into the market perhaps it might not but at the moment even though it's down more of yet filtered into the market perhaps it might not but at the moment. even though it's down more than it was in $192021.00 if the monetary base is the climbing then less means to serve and it was in $192021.00 if the monetary base is the climbing then less means to service debt is available and could trigger mass defaults cash

becomes scarce and suddenly its debt is available and could trigger mass defaults cash becomes scarce and suddenly you have a situation where the fed has to intervene and the repo market like it has been over the last couple of weeks just to keep the system going right so going back to 2008 when this all star you have a situation where the fed has to intervene and the repo market like it has been over the last couple of weeks just to keep the system going right so going back to 2008 when this all started this is why pundits like peter schiff got it wrong because he used he was calling for inflation but this is why pundits like peter schiff got it wrong because he was calling for inflation yes and people like rick ackerman who are on our show were saying no this is deflation yes and people like rick ackerman who are on our show were saying no this is deflation now we see that it is a massive deflation deflationary depression. and now we see that it is a massive deflation deflationary depression where prices collapse and this is what

we're facing now that's what their prices collapse and this is what we're facing now that's what they're suggesting of course this is the jump up you see a massive probably the highest percent suggesting of course this is the jump up you see a massive probably the highest percentage increase in monetary base in the entire chart since the beginning of the fed that did happen and increase in monetary base in the entire chart since the beginning of the fed that did happen in 200-2009 perhaps they they saw a different outcome that 100-2009 perhaps they they saw a different outcome that didn't know there was a bail out and it wasn't put into the economy they bailed out the creditors but didn't know there was a bailout and it wasn't put into the economy they bailed out the. senators thanks to barack obama who made that $180.00 degree wrong strategic the choice and thanks to barack obama who made that $180.00 degree wrong strategic the choice and set the country in a course of epic failure thanks obama and you see the country in

a course of epic failure thanks obama and you see by the way that i got rid of that fighter that was climbing down here i think it was left over from. by the way that i got rid of that fighter that was climbing down here i think it was left over from . the a.n.c. bitsy spider marks more of that coming your way the n.c. bitsy spider marks more of that coming your way. after the break don't go away. after the break don't go away.

on this. and this. and we're on. and we're on the union. yeah yeah yeah. yeah sal city. rational a south and. a south. is that original and needy thief. that the new doc awesome designer of need

a thief. that the new doc was on my. place now which. is full. of them. full. of them shows saw the. shows saw. a. small fortune in that into your good. fortune. good. fortune for me out maybe a lot about. more than a financial. pretty out number a lot about it more than enough to show us financially.

all. cooked additional. cooked additional note of what was an answer to the longer some of these it's just the bullets you're looking just . the longer some of these it's just a bullet you're looking at snow on the. moon . c m do you have to renew my future notional procedure. c m p s to renew my future notional procedure. looked at with a showing of the scully snooze last 2 and a chance. to look at with

a showing at the blue sky leasing is lost when the church. here think i'm sure. you have the same sort of. oh you think i'm sure. you have your patients so to. quote of shipping. you up and most of those who booked it to which of shipping. you up and most of those who booked it to work at the post in your book still missing you know i don't know what that will look at the post in your book which still mostly notes i don't know what the move. over. was the latest news in the pub us. boys in the room is the latest news in the pub us. at arsenal boys and all right so you have put this was going to serve. you right there yet i've played this was

going to do some. research through some really strong soulful it's of these. fish through some really strong soulful. today there are good terrorists and bad editors the bad terrorists and those in today there are good terrorists and bad at it's them bad terrorists and those in yemen who the united states deems to be a threat the looked at those warnings me and then the united states deems to be a threat to look at it is. those who work in syria the cia and the u.s. military were engaged in covert actions really of the cia and the us military were engaged in covert actions really throughout the world. where they were

assassinating populist leaders the world. where they were assassinating populist leaders they were backing up right away military windows funding and arming these death squads they were backing up right away military windows funding and arming death squads there's no phones anymore because there's always a small people for war and there's no phones anymore because there's always a small colony of people for one really really good this place and for profit. really well and good that's good for profit.

welcome back to the kaiser report on nice guys or. welcome back to the kaiser report on nice guys or well we are fortunate indeed to have in the studio with us in well we are fortunate indeed to have in the studio with us in person david morgan of the morgan report david welcome back person david morgan of the morgan report david welcome back starts or of being so i am paid to start what i got that's a dollar starts where of being so i am paid to start what i got that's a dollar is most people even though a dollar is a weight it is a weight of silver through most people even though a dollar is a weight it is a weight of silver $371.00 greens of the in the in front of silver which is about 3 quarters of it $71.00 greens of 9 in the in front of silver which is about 3 quarters of a troy so the treasury can't even get it right when they've been the new dollar

troyer it's so the treasury can't even get it right when they've been the new dollars that's a dollar on them says $1.00 it's a 4 ounce which is actually about a 20 years that's a dollar on them says $1.00 it's a 4 ounce which is actually about a 25 percent gain around silver so that even though it's a wait but let's look at 5 percent again round silver so that even though it's a wait but let's let's get it so thank you so much and cherish this now let us proceed as it is thank you so much and cherish this now let us proceed as where you want to do i need to pick your brain you know you. want to do i need to pick your brain you know you've been in this business on time we've been doing shows together for a long time 1st we're so although we're been in this business on. time we've been doing shows together for a long time worst the worst of all the remember when gold was $2000.00 an ounce.

the feds repos a member in gold as $2000.00 an ounce. the feds repos operations are rapidly increasing in size and scale should we be operations are rapidly increasing in size and scale should we be alarmed at what's going on we don't know exactly or be alarmed at what's going on we don't know exactly or are those actually but it's obvious there are some insolvency there's banks going to liquid the need to borrow those actually but it's obvious there are some insolvency there's banks going to liquid the need to borrow and no one wants to go to the discount window of the fed for the borrowed money blasters are 0 and no one wants to go to the discount window the fed for the borrowed money of last resort means something is drastically wrong so let's unpack on a bit now the worst it or that means something is drastically wrong so let's unpack on a bit now the worst is saying there isn't a solvent sitting there somewhere in the system right and so why would they just

saying there's an insolvent thing somewhere in the system and so why would and they don't want to go to the discount window when some of the explained more about we saw what this is all mean banks want to go to the discount window and want some explain more about we saw what this is all mean banks so there's an overnight lending rate and that's based on bank to bank so there's an overnight lending rate and that's based on bank to bank so every bank is required to have a certain reserve of cash on hand so every bank is required to have a certain reserve of cash on hand that they don't meet that required but they have to borrow overnight to meet this the law that they don't meet that required but they have to borrow overnight to meet this the law that's a regulation that's a sense that a certain reserves based on how much you've lent out in that sum as a regulations. that's a sense that a certain reserves based on how much you've lent out in that some sort of bank on

the reserves to maintain your ratio that person bank on the reserves to maintain your ratio per law correct right seller got it so to meet that requirement or law correct right seller got it so to meet that requirement if you're short you go to another bank that might have an excess and they can loan you that if you're short you go to another bank that might have an excess and they can loan you that money overnight and you pay a small interest for that loan and then the next day the book money overnight and you pay a small interest for that loan and then the next day the books are square and life goes or however if you can't answer square and life goes or however if you can't find a bank that will loan you the money you can go to the fed and find a bank that will loan you the money you can go to the fed and say at the bar of last resort hey i need to borrow to meet my reserve requirements at the bar of last

resort hey i need to borrow to meet my reserve requirement loan me the money overnight well that's kind of telling the loan me the money overnight well that's kind of telling. the system the banking system at large that don't break with the system the banking system at large that i don't break will loan to me because i don't trust the bank that needs the money i have to go the federal reserve loan to me because i don't trust the bank that needs the money i have to go to the federal reserve to borrow it so it puts some caution in the system because we're borrowing so it puts some caution in the system because people or the banking system wonder why in the heck does this bank get people or the banking system wonder why in the heck does this bank get rejected by every other bank to borrow i

have to go to the fed so it's sort of the walk rejected by every other bank to borrow i have to go to the fed so it's sort of the walk of shame to go that ask the fed to borrow money when another bank or other bank shame to go to ask the fed to borrow money when another bank or other banks won't do well and this is happening again and again and again as you will the banks won't do well and this is happening again and again and again as you will and then very day that we get the same message that we need to repot it extended so now you're free to get the same message that we need to repo it extended so now your feeling is that this pertains to one institution in particular that is not being named that is having trouble. staying out of the ceiling is that this pertains to one institution in particular that is not being named that is having trouble. staying out of insolvency could be

but it's immaterial in a way because all of us banks senator could believe it but it's immaterial in a way because all these banks are in the street completely interconnected which means and that means that if. this isn't it it just goes to those one fund those falls then. it hits to that it for the it's 16 they're all interconnected so then it hits to that it for the it's 16 they're all interconnected so it could take a door should be going down or like lehman where you see this so it could take a door should be going down there like lehman where you see this interconnected this of these banking system large start to interconnected this of these banking system large start to fail one goes down a bit of one who probably took everything with it it wouldn't go back to the thirty's a traditional failed one goes down a big group of one who probably took everything with it it wouldn't go back to the thirty's or critics but it was a very big bank and we really thought much of it going down in austria but that was

the actual bet it was a very big bank and we really thought much of it down in austria but that was actually the 1st domino effect of the system right and then and lehman brothers of course in 2008 was kind of the domino theory. and 192021 there was also a similar to the 1st domino effect of the system right and then and lehman brothers of course in 2008 was kind of the domino theory. and 192021 there was also a similar kind of collapse and i'll talk about base my find of collapse and i'll talk about base money for a 2nd the base money supply has declined by over 23 percent since 2016th or 2nd the base money supply has declined by over 23 percent since 2016th this is by far the longest and deepest decline since the fed was created and this is by far the longest and deepest decline since the fed was created in december of 203913 the

inflation and deflation debate december of 203913 the inflation and deflation debate could be resolved soon and the winner could be deflation ok it could be resolved soon and the winner could be deflation ok so. the base want to supply has been declined 23 percent since 2016 the base want to supply has been declined 23 percent since 2016 and that's the biggest decline on record since the fed was created what does that mean one of the and that's the biggest decline on record since the fed was created what does that mean what does that tell us well it does in the could it could be deflation is going to stir this career started that tells well doesn't the could it could be deflation is going to start of this career start of the public speaking circuit i was more of a deflation is that inflation just got turned or the public speaking circuit i was more of a deflation is that inflation just got turned around so 4 years ago because because

jim did a study of all non-round some 4 years ago because because jim did a study of all non backed currencies and everyone in or and excuse me in unbacked currencies and everyone in or and excuse me in inflation but if you go back to earlier in the gold backed currency like we had in the thirty's was the conflation but if you go back to earlier in the gold backed currency like we had in the thirty's was the liquidity in depression which was a depression i don't rule out entirely but i would do the in depression which is a deep depression i don't rule out entirely but i think it's unlikely in the game will go that direction well in that the point here is that there think it's in the game will go that direction well in that the point here is that they're the base money is the gold in the system today right right and so the base money is the gold in the system today right and so using that analogy. if in fact the base money is

declining rapidly using that analogy. if in fact the base money is declining rapidly and you have an institution that's in distress or many institutions that are in distress and you have an institution that's in distress or many institutions that are in distress and they. can't meet their requirements and it's a set up for some defaults you know they can't meet their requirements and it's a set up for some defaults you know those built in the system as you see will know that if there's built in the system as you see we'll know that if you can't pay a bond and to default on it interest rates will start shooting up which means the best you can pay a bond in to default on it interest rates will start shooting up which means the value of the bomb comes down drastically like what happened in $1000.00 maybe when booker was in charge are you of the bomb comes down drastically like what happened in $1000.00 maybe when booker was in charge which is hugely be flayed i mean think

about interest rates going to 10 percent no one which is hugely be flayed i mean think about interest rates going to 10 percent no one could beat their debt obligations from the government side and you'd have a huge deflation their debt obligations from the government side and you'd have a huge deflation in the value of those bonnes and so i don't again don't rule it out i think it's still in the value of those bonnes and so i don't again don't rule it out i think it's still debate i think is still open and i think is still one of the other side of the inflation deflation could debate i think is still open and i think is still one of the other side of the inflation deflation cawing is something called hyper inflation right said otherwise it's not all that fun bad for going is something called hyperinflation wright said otherwise it's not all that fun bad for gold and silver investors to have deflation if it means you have a currency collapse correct right all the silver investors to have deflation if it means you have a currency collapse correct and so we've seen currency collapsing all over the

world gold made new all time highs again and so we're seeing currency collapsing all over the world gold's made new all time highs against just about every currency in the world except the u.s. dollar we're already seeing currency collapse right now every currency in the world except the u.s. dollar and we're already seeing currency collapse right now. and it is benefiting all it's all are exactly in the further your point if you read the book and it is benefiting all it's all are exactly in the further your point if you read the golden concent by professor jester him his whole point is that gold is best in the flood gold constant by professor jester him his whole point is that gold is best and deflation have taken into account that would most of the study had to do with the gold backed currency mission have taken into account that would most of the study had to do with the gold backed currency in most of the sectors that he studied but nonetheless it's a good point to keep in mind in most of the sectors that he studied but nonetheless it's a good point to keep in mind inflationary depression adult liquid and depression

aren't that much different and new inflationary depression adult liquid in depression aren't that much different and once you lose faith in the currency altogether you just absolutely don't trust it out on you lose faith in the currency altogether you just absolutely don't trust it at all and in a debt liquid in depression currency becomes valuable again and people of course all and in a debt liquid in depression currency becomes valuable again and people of course trust it so you can start the system morally in my belief the trust so you can restart the system morally in my belief the liquid the precious x. more and more of that inflationary pressure right because the bad guys get splitting the precious x. more and more of that inflationary pressure right because the bad guys get spanked for having incurred such harm ball incursion intact for having incurred such harm ball incursion into zombie companies zombie banks and they're just being kept

alive through massive zombie companies zombie banks and they're just being kept alive through machinations of the sad and discipline issues of the thing and then it does type of thing and they need it so they need to be punished. you know good for me the idea has always been the numb and idealist says you know america pushed a supportive you know good for me the idea has always been the nominee idealist as you know max believe me the right to succeed is also the right to fail and if these guys aren't bad loans a disability and the right to succeed is also the right to fail and if these guys aren't bad loans or do the wrong thing they should be punished i mean the markets should be able to work both ways that's why i'm the wrong thing we should be punished i mean the markets should be able to work both ways that's why obama should have bailed out the debtor is not the creditors right sun usa also mccleod obama should have bailed out the debtors not the creditors right son us alstom a cloud of gold money dot com recently suggested that china could soon announce it

has 10000 perhaps 20000 gold money dot com recently suggested that china could soon announce it has 10000 perhaps 20000 tons of gold is this crazy is a possible what do you what are your thoughts well you know tons of gold is this crazy as a possible what were your thoughts well you know not super close but you know we have our program talks down and then i don't think it's crazy i don't know not super close but you know we have our program talks down and then i don't think it's crazy i don't want to go with 20 but 10 i don't think is the question but their answer is no one really knows ok but go with 20 but 10 i don't think because the question with their answer is no one really knows ok but the promise here is that they've been secretly accumulating a huge stockpile of gold as kind of the nick of the promise here is that they've been secretly accumulating a huge stockpile of gold as kind of the nuclear option against the dollar in the u.s. if if this trade talks of china go badly china or option against the dollar in the u.s. if if this trade talks to china go badly china can wipe out this nuclear option to say you know what we actually got 10 $15000.00 tons that can wipe out this nuclear

option and say you know what we actually got 101-5000 tons of gold and dollars now finished and were gone to russia and somebody else made of gold and dollars now finished and were gone to russia and somebody else maybe are going to go to. back r.c. you know forget it you're toast but one fine point the very are going to go to a call back aren't saying you know forget it you're toast but one fine point very well below about the amount of gold that china is asking the wrong question well below about the amount of gold that china is asking the wrong question when they report the amount of gold what has happened is it's a specific when they report the amount of gold what has happened is it's asked specifically how much gold is held in that bank in china and they could give you the answer see if occlude how much gold is held in that bank in china and they could give you the answer instead of asking the correct question which is how much gold everywhere in china is held instead of asking the correct question which is

how much gold everywhere in china is held under the national name they don't ask that question so the chinese are actually under the national name they don't ask that question so the chinese are actually answering a very explicit question in very explicit way so no one really knows the answer in a very explicit question in very explicit way so no one really knows the the amounts because they don't recklessly report everything the reported what's asked for the biggest called the amounts because they don't recklessly report everything the reported what's asked for the biggest gold miner in the world probably the chinese and do they ever see a gold and get all the chinese miner in the world probably the chinese and do they ever see a gold and get all the chinese stamp on it or well the i mean you see these to ensure that might allow the export stamp on and there are well the i mean you see these to ensure that might allow the export and only if so they're right plus

they're buying everywhere and only if so they're right plus they're buying everywhere exactly and they they that by official reserve we're number one and they they that by official reserve or number they are numbered. 2 or 3 things and they could easily be number one they're number 2 or 3 thing and they could easily be number one on a stealth stealth basis so china's changed. on a stealth stealth basis so china's changed course from a more secretive to now more public about the gold holdings but even so they seem to force from a more secretive they're now more public about the gold holdings but even so they seem to be opening their camano to mix asian countries a bit to be opening their camano to mix asian countries a bit to maybe telegraph that this is coming if they continue to pressure us you

know maybe telegraph that this is coming if they continue to pressure us you know we're going to start to leak information into the marketplace that you know we actually have a little bit more than you thought no we're going to start to leak information into the marketplace that you know we actually have a little bit more than you thought no actually it's quite a bit more like they're playing this cat and mouse game on trade that this trump actually is quite a bit more like they're playing this cat and mouse game on trade that does trump. would dizzy understand that like would he even does he have the intellectual disease understand that like would he even does he have the intellectual chops to understand it like if if somebody came to him and said you know what china could you know announce the chops to understand it like if if somebody came to him and said you know what china could you know now they've got 152-0000 ounces i'm sorry tons of gold would he know what that means i've got 152-0000 ounces i'm sorry tons of gold would he know what that means i would have to it would have to explain that i would probably would be or lucent to do so would have to it would have to explain

that i would probably would be or lucent to do he would go my view but nonetheless i think he would need the details to make you know my view but nonetheless i think he would need the details to make a you know correction decision could be the could be the pearl harbor of the 21st century it's possible that there could be a while. so last week correction decisions could be the could be the pearl harbor of the 21st century it's possible that there could be a while. so last week president g. over there in china said that he and we china should impotent g. over there and china said that he and we china should implement block change technology across the economy again is this part of the disintegration of the u.s. dollars a man bloodstream technology across the economy again is this part of the disintegration of the u.s. dollars a weaponized global financial grid so president you she of china the weaponized

global financial grid president you she of china you know they've been flip flopping back and forth there c'mon say you know actually we like block jane you know they've been flip flopping back and forth their command say you know actually we like block chain block chain is a threat to korea brad sherman in california the threat to the dollar block chain is a threat to korea brad sherman in california the threat to the dollar. not china saying we like blood. i think part of the whole crypto thing not china saying we like blood. yes i think part of the whole crypto thing as in the bitcoin is probably the prime example has to do with the castle society being a spin because probably the prime example has to do with the cast of society i really think that's the big move for the bankers i mean while the people get really mixed i really think that's the big move for the bankers i mean while the people get really mixed up in politics and that's ok with me i let people be themselves

but i love to show the slide up in politics and that's ok with me i let people be themselves but i love to show the slide that i put in most of my talks these days and that has to do with the movie thrive that i put in most of my talks these days and that has to do with the movie thrive in that movie it shows your pyramid and the bottom of the pyramid as a political class and every movie it shows your pyramid and the bottom of the pyramid as a political class that everyone thinks are the big leaders they see him on t.v. he's got the biggest power all that but above that is when thinks are the big leaders they see him on t.v. he's got the biggest power all that but above that is you're you're huge could go on mercer big corporations and take you back you're you're huge could go on mercer big corporations and take you back to the movie network where i forget the character's name but he says there's no child there's no you at the movie network where i forget the character's name but he says there's no child there's no us there's no mexico there's only a t. and t.

3 and this is the truth and then above that s there's no mexico there's only a t. and t. 3 and this is the truth and then above that is you commercial banks in above that's your investment yeah. your commercial banks and above that your investment. or ice debris that's right kyra they're going to pick up in a 2nd. or ice debris that's right they're going to pick up an aside. if you can stay i'm going to leave to 4 don't spend on your chair we want segment if you can stay i'm going to leave to 4 don't spend on your chair we what we were we talked about that in the beginning david but we're no chair spending all right that's going to definitely talk about that in the beginning david but we're no chair spending all right that's going to do it for this edition of the kaiser if you are with me max kaiser and stacy herbert i want to thank our guests david margan of the morris edition of the kaiser if you are with me max kaiser and stacy herbert i want to thank our guests david margan of the morgan report catch us on twitter at kaiser report and i stand by

a. second report catch us on twitter at kaiser report and i stand by.

thinks. we. thinks. we dare him to ask to. be there to ask.

the in. the in.

the lead. you know we all take the language that we speak for granted it's like the air that we breathe. we all take a language that we speak for granted it's like the air that we breathe we don't know what is said and in fact most of us believe that we simply perceive reality

the way that it is used we don't know it is said and in fact most of us believe that we simply perceive reality the way that it is in fact we know it through many years of psychological experiments that's very far from the trees in fact we know after many years of psychological experiments that that's very far from the truth we don't see things just the way that they are instead the world that we takes we don't see things just the way that they are instead the world that we that internal world we live in is highly constructed by the structures of our brains but all the internal world we live in is highly constructed by the structures of our brains but also by the structures of our languages and cultures that tell us how to put things to so by the structures of our languages and cultures that tell us how to put things together.

russia's foreign minister says the u.s. invasion of iraq led to the rise of. russia's foreign minister says the us invasion of iraq led to the rise of the group's leader killed by the americans last week washington. and the group's leader killed by the americans last week washington's own creation. we know the creation of the united states. we know the creation of the united states islamic states most of the illegal invasion of iraq and the collapse of the iraqi state islamic states most of the illegal invasion of iraq and the collapse of the iraqi state when extremists who were held by the americans set free. ukase imposing when extremists who held by the

americans set free. ukase imposing a moratorium on fracking the gas extraction technique that's linked to worth quite an environmental issue moratorium on fracking the gas extraction technique that's linked to worth quakes and environmental issues but critics more than. just an election tactic. but critics more than. just an election tactic. there's still no end to the unrest continues to boil. and there's still no end to the unrest continues to boil is demonstrators there.