reflects supply and demand and it would be a catastrophic trap door opening underneath the u.s. economy because the u.s. won't do it for itself china will do it for the u.s. in the form of announcing as a surprise $20000.00 tons of gold and the introduction of a gold backed cryptocurrency this will kill the u.s. dollar better than a doornail and it will be a harbor type event and it's coming in the next 6 to 9 months but the domestic situation here and of course we're in new york city so that means everybody knows who watch the cable news you see it culturally and politically the top one percent who are represented on the cable news are having a breakdown about the political situation that it's all doom and gloom and yet the rest of the world if the rest of the country if you drive across the country you'll see nobody's hysterical like them nobody's constantly triggered like them so again we come back to the economy in the tale of the 2 economies this is ben there's been

a discrepancy between the stock and the bond markets for the past year and a half 2 years that we've been noting that bond markets are pricing in and looking like there's total disaster on the horizon stock markets are at all time highs so which is that right u.s. treasury says it is gearing up to issue a 50 year bond the federal deficit as you know is up 26 percent last year it's at $984000000000.00 again that was to feed the one percent because remember they got a trillion dollars worth of tax cuts and obviously something had to pay for that was the future the future generations are going to pay for those tax cuts $984000000000.00 deficit and 2019 so here they're looking at issuing a 50 year bond to pay for those crybabies today extend and pretend so there's no was another bond to extend the maturity there's always another quantitative easing program or a rate cut there's never not been a rate cut environment for 40 years now all over the world there's been over

$600.00. cuts by various central banks and the money if you're on the right side of interest rate apartheid is not only free it's less than free central banks pay jamie diamond to borrow money that's how easy it is for j.p. morgan to make money but they still have trouble making money because what economists euphemistically call moral hazard when you give a dog and unlimited amount of dog food to eat that dog will eat itself to death if you give jamie diamond an unlimited amount of quantitative easing to gorge on over there j.p. morgan he will bankrupt the economy so people who feel as though there's no roads and tunnels being built the life expectancy in america is dropping infant mortality is rising the millennialism jazz they are going to face a bleak future. that's denial that's denial being fueled and funded by this wall paper money led by donald trump who is the perfect

president at the perfect time in new york city real estate developer part of the wall street property developing a link here is wrong here is america as american as apple pie i said it's a tale of 2 economies and those economies are driven by their own separate monetary systems so we see at the top one percent i think why they see disaster happening is not don't believe that they have an instinct that their assets are overpriced the stock market property markets are market but they also there's no velocity of money in that top one percent economy it's not circulating at all because 1st of all they're greedy they say you know $100000000000.00 is not enough they've got to compete with jeff bezos is worth $130000000000.00 so they need to save $30000000000.00 more to even match so they're going to keep on accumulating it latest fed data shows that there's over well over 30 trillion dollars held by the

top one percent in this economy versus the bottom 50 percent there's just 2 trillion right so that's a discrepancy there all of that 30 is close to $35.00 trillion dollars the top one percent has $4.00 trillion of it is just sitting in bank accounts i.e. getting 0 percent interest rate they're not even using it it's just sitting there dead dead dead money well they're hoarding essentially you know people think they laugh at people who collect old newspapers and they newspapers going back 30 years and it's all stacked up in a warehouse you know they open up the storage garages like why are you keeping all these newspapers for so many years because they're hoarders and that's considered to be as sociopath's all logically less than ideal mental state and yet people like jamie diamond are warren buffett they hoard cash they have never had more cash and they put it in a bank account is yielding near 0 percent and that's. paper they're just hoarding papers on an asset and any meaningful sense of the world of the of the word and so

these are the sociopath's that are governing the the overall economy to make it easier for workers to hoard more paper at the expense of everyone else who is trying out on smack and deaf akkad in the streets of san francisco at the bottom 99 percent the velocity of money is very active it's flowing fast fast fast fast because everybody has to run faster vasser just to say even while the plutocrats at the top the oligarchs the plutocrats the monopolist the politicians they're all just sitting on these piles of cash and giving each other free money. again i noted that the other reason why there's no velocity of money is they doubt the value of these assets can be maintained without ever increasing quantities of free money from the fed and you can see that from this chart here's why the stock market can never crash or the us will slide into a historic depression financial assets are now 5.6 times g.d.p.

if you can see that chart this goes back from to the 1970 s. through to 2000 when you and i were going to school growing up entering the workforce working it was normal between 2.5 and 3.5 g.d.p. now it's 5.6 times g.d.p. and it's obviously requiring more and more freshly printed cash to keep it going up . and usual situation of. what i call interest rate apartheid if you are getting unlimited free money as 0 percent interest and you can buy assets with that free money and get income from those assets if the fed gives you a 1000000000 dollars and you buy utility there like p.g. and a pacific gas electric and it's privately funded and people have to buy their utility to cook their scrambled eggs on you have a monopoly position on the poor people you're getting that monopoly in. come for free because you didn't pay any money to buy that asset the by the monopoly position so it's worse than any oligarchic monarch period in the past at least

monarchs have the decency to go to war with each other and kill a few people so that they died for something but here people are dying for nothing they're dying for nothing the people who die in this economy for paper money barons are are like negative interest rates their lives are worth less than nothing that's why there's so many mass shootings in america that life is worth less than nothing in america this chart actually goes back to 1955 to 2000 and you see this is what a chart looks like the financial assets of an economy in an economy that hasn't been financial is this is the business cycle it's down over exuberance over depression everybody there's a cycle that goes up and down everybody gets exuberant everybody gets depressed it's blood on the street and that's when you buy and that's when the economy starts growing again here it's just total euphoria this is when the fed and the governments have just intervened the treasuries and the fed have just intervened permanently for that top one percent and the top one percent. is on the cable news

shrieking outrageously anytime anything goes wrong of course jim cramer was the body man of that during the financial crisis when he said he admonish the fed and very hysterical terms that they have to come and intervene and save his friends at bear stearns save his friends at j.p. morgan save his friends at goldman sachs save his friends say he had to save them and of course they've done that ever since and you can see they watch our fox business are saying basically every single story about manufacturing service economy entrepreneurial i.p.o.'s billionaires every single story ends in the exact same way what will the fed do. that's everyone is beholden to this enormous you could call it monetary lactation on the just the mammary gland that is jay powell and the central bank in washington and you've got all these bankers crybaby bankers. there's james cramer the

biggest crime bad be able in the financial press and the wall street journal and the financial times it is out of control day care center at the top for the top one percent tune into the cable news if you can if you're outside america try to find it on you tube you tube is by the way pushing the cable news that with their new algorithm to me because they were crybabies right at the top one percent they didn't get their way in 2016 and they hate the people all the deplorable bottom 99 percent out there they're stupid they're angry at them they're they're talking to each other and they're conversing with each other and they're not listening to us they screech they screech they screeched now twitter and you tube and google have to change their algorithms to feed their numbers to make it look like people actually care about them and are not accidentally having to click on that click b. of another you tube ad from them being fed to them so that's a massage their numbers to make it look like people with still care about c.n.

and m.s.m. b c but again this is that cycle of those that out of control crybabies in that room and if you open the door into this daycare center you've got the wall street bankers over there screaming at the fed. turn into cable news you see rachel maddow like. russia russia russia then you see on the political you know you tune into congress on c.-span and you see. you know. nancy pelosi blake saying like oh you've got to impeach this guy and so this hysteria at the top the rest of the country the 99 percent the vast majority are not because the democrats don't control a foot and they're usually baby ish they resort to the other weapon of the baby group they're pounce right so it's either the republicans who get me more free money from mommy or the democrats threaten to put their pants that's the entire political debate in america today and unfortunately millions are dying from no for

a moment priced health care starvation and infrastructure collapse but we don't talk about those people like we don't talk about the dead bodies coming back from foreign wars either too messy all right we're going to take a break when we come back much more. 2

your government and our government and all the other major governments of the world know what's going to win it's good. but they haven't told you and they haven't told me they have been in the. imagine something as big as the earth is going to cause tidal waves earthquakes volcanoes erupt and it's going to chill. so very for a while right. my great grandfather's. nobody would care about the law or prison so you'd have wallace this should have. a terrible life between now and the. you know world of big partisan movies a lot and conspiracy it's time to wake up to dig deeper to hit the stories that

mainstream media refuses to tell more than ever we need to be smarter we need to stop slamming the door on the bath and shouting past each other it's time for critical thinking it's time to fight for the middle for the truth the time is now for watching closely watching the hawks. welcome back to the kaiser report i'm max kaiser timeouts or at cern to the seer of kingston new york the trans journal publisher the man in the leather coat gerald celente general welcome back thanks for having continue our conversation here we left off with golden talking about gold you know goals made new all time highs against currencies all over the world against the euro the pound

the indian rupee. the russian ruble really everything except the u.s. dollar but there is a notion that countries like turkey china russia are stockpiling hundreds and hundreds of tons of gold why are they doing that in the global slave land paradigm as you discuss it what's one of these countries see that maybe others are not seeing they know that the money's worth looses digital currency backed by nothing in printed on the thing and all they do is keep printing it and that's why you're seeing the price going up and that's why you're also seeing people still going into crypto currency because the people who don't believe in gold or silver or other precious metals are also going into crypto currencies because they know that the money is worthless what do you have over $50.00 central banks already this year lower interest rates and again in the european union let's go down to 0 minus 0.5

from 0.4 i mean you can't make this stuff up and as you said this is unprecedented in world history you know so that's why the people who going into it was very important also even though the dollar has gone down a little bit it's still very strong compared to the other currencies and because gold is dollar based it takes more of those other currencies to buy gold yet gold prices a still remaining over 1500 dollars an ounce even with the dollar is strong with a strong dollar gold prices should be going down so that's why they're doing it they know. no that their currencies are worthless and more and more of these countries are rebelling against the swift system the censoring of global trade the sanctions by this empire that the united states they that post world war 2 period of the world reserve currency being the us dollar seems to be fading and we seem to be entering a new world a new century where the dollar. i think i mean get your thoughts on this idea that

we're going to have a pearl harbor type moment where china opens the trap door on the dollar by saying you know what we actually own not 2000 tons of gold but 20000 tons of gold and we're going to launch a gold backed crypto currency to trade with everybody outside of the u.s. side of new york fed outside of swift and we're going to blow the u.s. dollar out of the water is something like that do you see something like that happening because it seems as you point out that trade wars lead to currency wars like the hot wars i believe that's one of your observations were on the cusp of a hottest type war like situations are all your thoughts i agree with you 100 percent and also what china just did now recently announcing that they're going to be doing more with the euro and using that as their reserve currency and not the dollar they're all tired of the dollar being the dominant currency but at this point it's going to take something like that to be the black swan event like you're

pointing out so to also get be all of a sudden doing it already no more petro dollar we're not going to buy oil in petro dollars and we're going to buy it in our own currencies and it's already happening with russia and other countries and china and iran so yes it's going to be again go back to the british pound it was the it was the premier currency nearly $1000.00 hundreds and it started to decline wrap slowly and then all the sudden was gone the same. i think would happen to the dollar particularly as our debt levels keep increasing they keep popping up more money and they keep lowering interest rates to devalue the dollar so i agree with you 100 percent and china's going to be the one behind it because the 20th century was the american century as i see it now the 21st century is going to be the chinese century because the business of chinese business the business of america is war and you don't make money with war only the

very few do and china with their built in growth initiative and on and on and on and 101400000000 people they're going to control a lot of the finances already they do they're going to control more of the world who's got more horrible secrets that will never hear about jeffrey abstain or saudi arabia. has a lot of very horrible secrets that in relation to 911 the families are strong to sue them and the government saying no no that's protected information even though we overwhelming evidence that they were behind 911 but it's kind of remarkable that how the u.s. government would shelter the saudis in this particular case is that also feeding into the protests around america that they they realize that the u.s. government is in bed with mass murderers like this no i don't think most people

know that at all and how about america being a mass murderer you know that guy saddam hussein has weapons of mass destruction and so i saw ok we got to get rid of him you know i don't want that guy could die off the i want to manage it i don't want that guy as saddam i want the bad and the most americans don't have a clue what's going on in saudi arabia they don't know anything about what's the yemen you know they don't know that america is on their obama and on the trump selling more weapons to kill what it's the worst humanitarian crisis on earth and it's not even reported but hey we had been did. kurds over there like kurds in way oh how about america being illegally in another country could you get that in your head you're not supposed to be there now so the people have no clue what's going on but i agree with you they have a lot of dirt in saudi arabia that they keep it on that sand that they're not going to be letting out they had to davos this was a what they call davos in a desert oh yeah last year nobody went because what happened to that guy kusanagi

but this year they're wrong back in medicine blah chain they're for china we talked about this and apparently they're going ahead with their crypto currency they're pretty open about it being a means to avoid us imposition of sanctions and we're looking at a de dollar rise to world also i see that one of the major russian aluminum companies because of sanctions they're moving away from aluminum they're going to start mining bitcoins that defacto implies that the government his mining breakpoint so as a strategic reserve this would be one of the major country now acknowledging that along with gold we're going to be hoarding bitcoin how will that change the complection because big points on confiscated will come like a sputnik moment right so. russia was the 1st in outer space and this with the satellite a launch the space race we've got a new krypton hashing mining race on our doorstep russia is making

a bold move here is the u.s. and. congress and the u.s. is still thinking about bitcoin a crypto currency from the point of view of misinformed kindergarten they have no idea what they're they're morons brad sherman in california is a functional idiot has no idea what he's talking about are is this going to put america at additional strategic a disadvantage now in the 21st century got china who's now going to pull the trapdoor on the dollar russia potentially going into. because mining i mean is the u.s. what do they got in response to this general where you said they're going into this they're in the 21st century america is still stuck in the 20th century and to call what's that guy you said was really a morass sherman how about how about mitch mcconnell how about nancy pelosi how about dianne not so feinstein how about lindsey graham how about chuck schumer they're all morons in 80 it's jerks and psychopaths sociopaths

and megalomaniacs politicians google up the definition you don't want to be in power that if they did they wouldn't blow their entire political capital on russia gate hoax and now you crank hoax again it's this is where their minds are they just wasting our time and wasting our money we dealing with very ignorant people that are bringing down the country it's in front of us so of course they don't have a clue about crypto currencies or what the future's going to hold and i recently mark carney over there at the bank of england he was in the jackson hole the annual event of bankers he said the u.s. dollar no longer functions as a reserve currency so here you have a central banker now breaking ranks with other central bankers that's that's how bad things are of course mark carney was discovered he was involved in libel raking in the u.k. so he's not exactly such a credible guy but there are their ideas to replace the dollar with

a synthetic i.m.f. cryptocurrency they're going to roll all their bad debt right there's $100.00 trillion in bad debt in the global central banks are going to roll it forward to an i.m.f. special drawing right crypto currency to bail everybody out is not going to work they're all perfect it's the international mafia federated should say oh yeah it's the mafia group of course it's not going to work you know that's all it is it's a mafia and it was a carney was also a member of the goldman sachs gang was and he. played high. aki in college you know plays a goalie like you know goalies i think a lot of pucks to the head and they they don't think straight necessarily all the time is a little a little crazy in the brain so. you know you're based in kingston it's one of the most a storage towns in america they are revitalizing there are a growing that's a rebirth situation you're tracking hipsters like yourself i notice you get the sideburns long that it's all about you know a stick and you know that's the trend is everyone in making standard am now

alongside do i need to grow my sideburns long out there also want it what it is is the people there are who they are who they want to be without anybody telling them what to do you know i it took me a lot of years before they came up with it i was not put on this earth to take orders from any high i don't give a. i don't take and that's the attitude in kingston it's again this is where the seeds of democracy was sown you when stacy was there you saw the beauty of you in the 774 academy you know for one of the 1st public schools in america john vanderlyn the famous hudson river painter whose work is in the capital return rotunda john j. oh that guy oh yeah he was a judge over at the courthouse over there and the when the 1st capital of new york state the constitution was written the kingston always 70 percent of america's constitution comes in there so that's what we feel and we feeling the freedom of what this country gave us and that's why both those buildings because i couldn't be

me if i was a napolitano born in the village of peter quince i'm only because of monopoly tama born in the bronx i want to be free. oh speak in the bronx how about your fellow bronx in there say. what. they see as a kingmaker the democrats are certainly a right. to see any any hope on that side of the aisle at all at once again you know look would happen although democrats voted against trump for pull. the troops out of syria and you're hearing you know we're 15 minutes from woodstock new york over in kingston and i call morley's people with a key shooting grin simple sonic smiles they're well going on how could we have been good to kurds how could we have been the kurds what are you doing all that they have no right being the real foreign country a sovereign nation i did nothing to stop it i says grow up with this stuff what are you talking to say about obama's not walking away from the walk culture saying grow

up they have enough to put him into office anyway journalling love each other we gotta go well next time we'll see you will be encased in a rather other event yeah thanks for being on the kaiser report and thank you for having me thank you for all that you do thank you well that's going to do it for this edition of the kaiser report with me max kaiser and stacy i would like to thank our guest gerald solent they have the trends journal going to catch us on twitter it's kaiser report next on. to my hardest to our doctors to continue. donnish.

the. good. the. room. because tell. me has suddenly become one thing my mother but if it had been a bus who. says. it's. the monkey cool move the whole thing as opposed to how funny thing was the quote is illusions you just said come. and see.

it all just so you don't let us hear liberals jani they have. deiced so much smoke the sea and he choose to doso not just in an elite city police she. is ok. so what we've got to do is identify the threats that we have it's crazy for them to let it be an arms race off and spearing dramatic development only personally i'm going to resist i don't see how that strategy will be successful very critical time to sit down and talk. the world is driven by dreamers shaped by one person.

who dares thinks. we dare to ask. time after time corporations repeat the same mantra sustainability it's very important. transition to sustainable transport sustainability. a more equitable and sustainable world. they claim their production is completely harmless. because. companies want us to feel good about buying their products while the damage is being done far away and this is something this must be done to anyone and

i mean look. this is the mood stimulus and we didn't. understand that it's a going in. the russian foreign minister sergey lavrov feels questions of an international peace forum where he's quizzed about geo political fingerpointing. the west is pretty much playing to be blamed for everything. no bill not for every student just tourists old mistakes. mexico grants asylum to bolivia's former president evo morales those who resigned and fled his country after weeks of turmoil meanwhile people across latin america hold rallies of support. to say your country's refuse to accept former islamic state fighters being sent home by turkey i guess the story . turkey saying you know.