didn't our intelligence community is wrong they need to present it otherwise they need to be called out for deliberately assistant hostile foreign power evidence is something that supports jennifer's point of view if it doesn't it isn't evidence see when special counsel robert mueller root in his report that russian hackers seemingly and apparently quoted from the report hacked hillary's servers that's evidence but when you give her or her car and an audio recording a confession and a court ruling you're an american in the course of this investigation i would ask that you please not from a politically driven false or clear answer some interests so if mueller is good enough for you let me do him some justice it appears the jennifer rubin is a 2 faced hypocrite allegedly she may also be a foreign agent it's she that she and her have done and are doing

more damage to america as a nation than anyone else after all and correct me if i'm wrong but isn't rabidly undermining the us government spreading fear and hate on an industrial scale to every american home smearing half your country is traitors isn't that about as un-american as you can be into choosing r.t. international we're back in 30 minutes with the late. what politicians do something that. they put themselves on the line to get accepted or rejected. so when you want to be president. more somehow i want to press. it to the right to the press that's what the 43 in the morning can be good for. i'm

interested always in the waters of our. face should. come from. i am max geyser this is the kaiser reported over that movie the 6th sense and the big line the money line was i see dead people this is going to make more sense but 1st we need to talk to stacy well certainly we do have a zombie economy thanks to the never ending parade of free money from the fed and the growing pile of debt because you know this past week we saw the global debt

pile hit over $250.00 trillion $255.00 chilean to be exact it's probably up another chilean or 2 by the time this airs so the fact is we have a lot of debt and it's piling up stock markets are hitting all time new highs some even yahoo finance is starting to connect the pieces that maybe all this debt and all this free money is driving the stock markets but even your own powell and testimony he said the debt is growing faster than the economy it's a simple as that in nominal terms and that is by definition unsustainable ultimately you will have to get it to where the debt is not growing faster than the economy and it's growing faster in the united states by a pretty pretty significant margin so as you say it's growing faster than g.d.p. is growing faster than g.d.p. it takes $3.00 of debt to induce one dollar g.d.p. growth. you know it reminds me of the story about the martin who is

pumping formaldehyde into the corpse and saying that no matter how much formaldehyde i pump into this chorus of breathing doesn't get any better. and then of course the obvious observation would be well to a corpse the corpse is dead. it doesn't matter how much formaldehyde you pump and so in the case of the global economy and in the u.s. economy in 2008 it does there was this credit crunch as you recall and the solution was to pump formaldehyde in the what is called money but it's not money like gold it's money it's debt it's debt right all the quantitative easing all the money printing all the bailouts debt with interest costs associated with it and that interest cost now is approaching in terms of a line item the equivalent of the us military budget so when krugman says it's only money we owe ourselves he's wrong of course the united states federal reserve bank

cannot create assets they cannot create treasuries that is up to the u.s. treasury to congress to create treasuries so they cannot if you're looking to this guy before looking to jay powell or droom pal yes have 2 names everybody gets confused right if you were looking for him to you know basically stop flogging all he could do is flog a dead horse he's a monetary policy guy he's not a fiscal policy guy there's nothing he can do to change the situation that the horse is dead it's only you know you have to keep the horse from dying what in the treasury is debt it's a it's a short term loan it's a 30 day loan or a one day loan it's still debt if you look at your dollar bill it says the federal reserve note note if you look that up in the best of pedia it'll tell you it's debt debt is a note right there not creating this stunt has nothing to do with money it's created

is for mal the high it's monetary formaldehyde and they're trying to and they're complaining that the corpses and breathing and they just are failing to acknowledge that the global economy died in 2008 fall stop everything like the titanic even. i made this analogy before just because stocks that would be the stern of the titanic is going up doesn't mean that the titanic will shortly sink to the bottom of the ocean and of course who is that rough child who says that the markets can stay or astral longer than i ne but he can stay solvent of course it could go on for another year or 2 years or 3 years until after trump is reelected or whatever you know these markets can continue to stay high of course the democrats are hoping that it all crashes and there are a lot of people hoping for a big crash but right now we don't know it keeps on hitting all to time new highs and it probably will continue to hit all time highs because nobody actually seems very concerned about the growing pile of debt or the moody's yes what do you want

to say before i get to that headline. right if you were to do an adjustment to stock for stock prices removing the stock buybacks that have been enabled by the creation of trillions of dollars of debt money the stock market would be struggling to stay above $10000.00 it would not be hitting you know close to $30000.00 so once again it's not a function of the economy or earnings it's a function of the neo feudal as ation of the american economy these companies are being taken private with the free debt given to the plutocrats of the oligarchs so could go to 70000 on the dow but the stock market as we know it for many decades will cease to exist well let's continue with this theme of the federal reserve bank led by jerome powell and what he is able to do to flog the horse and everybody can agree that you know he can perhaps shock it and make the legs kick a little bit the horse is still dead but the legs are kicking and that is the stock market rising so people keep on celebrating oh yeah it's all great but we're all

that debt downgrade warning by moody's a world debt downgrade warning which is called w d d w has been issued by credit rating agency moody's due to deepening. global geo political uncertainty and risks so moody's says issued a debt downgrade warning to the entire world on fear is that severe political turmoil from london to hong kong poses a threat to the global economy before i get to the other points let's stop and discuss that because of course it's not the debt there warning that the $255.00 trillion dollars is the fact of the cantillon a fact that all of it is going to buddies of jerome pow and the e.c.b. and the bank of england and the bank of japan is going to the top one percent is going to those who own the financial assets that are going up hitting new all time highs that is causing the unrest and that's what they're saying is like your own

policies to your own pal this unsustainable debt that you admit is unsustainable but it's all going to increasing the wealth so-called wealth of the very wealthiest which of course that wealth can evaporate overnight once these the people the barbarian storm the gates and and demand the fed stop printing money to continue on my formaldehyde and corpse analogy the cantillon effect describes the role of warren buffet or jamie diamond as the mortician they get paid to inject the formaldehyde into the corpse and they get paid a lot they get paid billions hundreds of billions to do this job but the fact is that the entire world now is having its debt downgraded this is important for 2 very important reasons number one the presence of aaa rated government is shrinking rapidly like the ice caps and therefore it's useless collateral is evaporating very

rapidly which means that most or all debt or debt in general is all trending toward junk and the history of junk is that almost you know preponderant portion of it goes to 0. the 2nd. paul if the world economy debts being downgraded the prospects of planet earth being the subject of a leveraged buyout by let's say a martian or someone living in a parallel galaxy degrades rapidly it hasn't downgraded the debt it's downgraded the outlook for debt and it's entirely going to go over the other points it's entirely because of the deplorable people it's entirely because they don't understand that we have the divine right of the debt pushers like the wall street has a divine right to this free money and the deplorable people just don't understand this because moody's said political and geo political turbulence is exacerbating a slowdown in national and global g.d.p. growth aggravating structural bottlenecks centered on massive banking and sovereign

debt and increasing the risk of economic or financial shocks moody's identified the emergence of influential quote populist movements and suggested this is undermining the in effect of nests of domestic policy weakening institutional strength and compounding social and governance risks you notice how they have that all backwards is the populist movements who are undermining the effectiveness of domestic policy not the federal reserve's not the central banks of the world printing money and bailing out bankers it's that's not the cause of these populist movements that are out of the sense of injustice and you see those are the sort of words they use across the world wherever it is lebannon or spun this began with occupy wall street yes and it morphed into what we call the global insurrection against banker occupation is causing this global that downgrade and to be clear downgrading the outlook for debt and downgrading debt as far as the market is concerned are

equivalent because it gender's a sale and means prices go down while markets don't seem to ever respond to negative news is the thing is like it seems to be warning them do something about your population whether it's lie. d. platform everybody don't loud them you hear any news don't allow them to watch guys report you know do something to make them you know prevent them from stopping our game where we always win the sovereign debt in places like argentina and venezuela to name just who is crashing proposed propitious lee and it's also this debt is if you take away the extension of the maturity and you focus purely on the number of bonds that were sold 10 years ago 15 years ago they're all crashing well i do notice you have on your tie there are some computer monkeys who are famously part of that experiment whereby these 2 monkeys side by side in a cage they're very happy being fed a cucumber

a piece of cucumber by the scientist and then the scientist gives the monkey to the right a grape where suddenly well you know the monkey the both monkeys were happy with just a cucumber and then they see they get the grape on the right and what happens the one on the left the one on the left is preserved and then he won't take any more cucumbers and threw them at the scientist and angry that at the injustice that why this guy to my right why does he get or she get a grape and i don't so there that's the situation we're at where people are angry that the fed is giving free money to a certain class of people the top one percent and the bottom 99 percent get austerity and the effects of meltdowns well that's human nature you know and starting 27 hours of you know. monkey human nature and starting 2700 years ago people like socrates and plato try to even that was something called philosophy and

attempt to imbue into humanity a sense of a higher purpose and here we are in the 21st century and it appears that that's impossible that we will never escape our nature as wild beasts well. the economists in this final tweet and chart here we have them encapsulating what's gone wrong these so-called populist movements that we need to stop the wealthiest 10 percent of adults own 82 percent of the world's wealth the bottom 50 per cent account for less than one percent so this is the important chart here is millions of millionaires so their numbers are rising around the world all the and the dark blue on the left is the number of millionaires that we had pretty 2000 and then from 2000 remember bill clinton's last days in office he got rid of glass steagall and he introduced the commodity futures modernization act which allowed this separation of risk and reward where the top one percent got to keep all the reward and the

risk got to be put on to the rest of the population and all the fed interventions have happened since 2000 we've seen a rapid deescalation of of interest rates they've been declining rapidly so you see this huge surge in millionaires that has happened since 2000 right and it's all paper that paper almost overnight become worthless and so gold them what happened to all be repriced against gold as it always happens throughout history and then we have a totally different paradigm we're going to take a break and when we come back and much more coming your way so don't go away. young elephants have come to us. especially brutal budging incidence because you so often do see their mothers. killed but also be caught up and vote should.

i do and smile i see it to these little ones the whole. expression changes. welcome back to the kaiser report i-max times are time to go to alison macleod of gold money dot com as always i should mention away our investor in that company. welcome back how to max her any so global debt is now at 225

trillion muti says issued a world debt downgrade warning u.s. stocks however continue to hit new all time highs what's your thought about this world debt downgrade warning i don't recall seeing one of those before what's going on. madness is the i think. we'd be talking about this for the last 67 years the fact is that governments are in a debt trap and moody's of just woken up to it i mean what's going on. oh i'm thinking what what if some extraterrestrial show up and offer a the buy planet earth an elaborate buyout we're going to get a terrible price because the moody's keeps downgrading our plan it. however going to sell ourselves to the aliens number one number well yeah i guess. i think i think we've got to take daily lives off because they were bit better want us to show it's just an odd situation really because it's. it's

a global world debt warning. but there is no policy out there that would that's not fueling the debt right there when you when you print money when you engage in quantitative easing you're adding debt right so what is moody's one of the why they even say anything right there all they're saying is though everyone's adding debt it's terrible we just acknowledge that they're adding debt we're really like brain damaged over here moody's we don't know why everyone pays us to come to work we have no idea and that warren buffet owns us were effectively brain dead like why does anyone care at this point the world is it's like drowning in plastic and debt and there's nothing that's going to stop it. i fear not but the serious problem with this is the very little of this debt is

productive i mean if you look where it goes it goes to governments that is that destroys money it goes to speculators hedge funds i mean where is all that money come from basically it's come from. credit expansion and central bank printing that's a waste of time and money as well is going to the consumer and the consumers now max dose i mean how much of it actually goes into genuine production of goods and services that we're prepared to pay for it seems to me i mean i don't know the figure but it seems to me there's a minority of all 255 trillion and we should worry about us right well to your point doesn't go to goods and services because goods and services are too costly to produce right if i'm a factory if i make cars why would i want to expand my car factory using real money when i can just give the free money from the government to my cash desk and they'll

go speculating in the carry trade market to make me money right so it's just too expensive. and somehow however even though it's too expensive to manufacture stuff we're still drowning under the plastic i guess i guess plastic i guess the you know the engine egyptians left pyramids we're going to leave plastic that's it the future aliens will find plastic and that's all they'll find. i did take x. to ritually so fast it would feature in his spirit so you've introduced a rather interesting dimension to it yeah it's a good place a plastic pyramid scheme filled by paper money thought up by air heads like jay powell although jay powell seems like he's putting up at least a mock you know trumps trying to go get him to do negative interest rates and he's playing the damsel in distress you know he's out there teasing the show's a little fi and he's like oh yeah i might cut rates i might not and he goes oh no

my big brother go negative rants you know it's like this very bizarre courting exercise and then trample eventually when i suppose. we'll be beaten to some degree to lower rates because i do believe he's going to be resistant to negative rates. well i mean negative rate are completely wrong because it just stands time preference on it's head we now have what they say something like 1617 trillion of bombs around the world on a negative yield i mean how do you climb down from that it's a complete nonsense the only way you climb down from that basic a is there is a massive massive collapse of confidence in government debt or alternatively a massive expansion in the quantity of debt which governments need to raise due to a recession a slump perhaps what what happens under those circumstances is. governments

don't get any tax revenue. welfare liabilities go up and suddenly a one trillion deficit in the states is looking like 2 or 3 i mean this is potentially on the cards and i i really do think that. trumps attempts to persuade powell to. move towards negative interest rates is so messed guided it really is because apart from anything else it's going to put america into position from which he cannot get out and the other thing about negative rates with the dollar is it immediately puts the whole off the commodity complex including precious metals into permanent backwardation i mean it is just complete lunacy right now to review our backwardness nation back or nation for precious metals out the that the forward contract is trading at a premium to the more. the further on the on the maturity

scale it shows a certain panic buying in terms of gold but you know one of the uses of all the money that's being printed is too and this has been proven time and time again anyone you know is that the gold price is. are kept cheap you know by flooding the market with paper and even though there's record demand by central banks and the demand side and gold is having historic highs. the price of a stock in this in this range because of the you know jamie diamond. morgan is caught racketeering right they said it with a car racketeering on gold prices they know exactly kaiser reports been warning for 10 years it's true we caught a racketeering and then the response was to borrow more money of course because that there are. their debt debt all x. i don't know so so out there in a recent blog post you wrote plans for

a global dystopia you write quote global policy planners intend to deliver replacements for both dollar gemini and fossil fuels what are you talking about here. well basically i think the way in which. q.e. is moving is not just to finance governments not just finance but sort of if you like favorite businesses in places like europe but also there is going to have to be a massive amount of investment in renewables and this is something which is is written into policies in europe. and i can see that christine legarde is going to push q in that direction so it's not just bailing out governments of bailing out banks which is the original intention of q.e. but it also i think it's likely to be used to finance through monetary inflation

a lot of the investment that is on to supposed to go into renewables right so i'm not sure i followed all that in other words. the dollar germany is the current situation your suggestion that christine legarde of the i.m.f. are coming out with replacements so they're actively working. against the us even well even though they're in nato right now the nato countries are breaking off from the us what the sound like a what world world war is bro ing and then fighting ideals are going to be subjected to renewables finance through this breakaway currency but that's the good thing right well perhaps i slight misunderstood what where you're coming from. if we're talking about an alternative to the dollar then nobody actually has the answer at the moment and nobody i don't think will want to introduce goat simply because of the restrictions only a matter of of inflationary financing that you have once you have gold backing i

mean basically all you're left with is the cycle of bank credit they central banks can't do anything so i don't think that's going to happen immediately and i know that they're talking about it using crypto currency isn't all the rest of it but to what end we don't know yet i think that. you know the point the inflation point that i'm i was trying to make about europe is that when christine lagarde she is now head of the e.c.b. as of this month and i think that being a very political animal she is likely to use the facility to do what they call asset purchase programs of easing to you and i are going to use that i think not only to continue to bail out government finances bail out the banks as well but she's also going to use it to invest through pure inflationary makings in

. you know it in renewables and you know the sort of the greening of everything and one of the things that's driving this i think is a realisation that russia effectively has. a growing monopoly on the hydrocarbon energy she is the largest exporter of oil and gas. in the world and because of various mistakes from the west we find that iran which is another big producer is not within that sphere of influence. and you know we can see that we could in time be beholden if you like to. to to russia and other asian states to a persona non-grata. and that i think is one of the things that is driving this whole move towards renewables. as well as obviously you know the sort of the climate change stuff and all that and won't go in so i mean when trump says that jay powell who runs the fed is america's biggest existential threat because he's

not taking interest rates to negative territory you're pointing out that the e.c.b. had krissy the guard who actually control the 17 trillion a bigger trading block than america is actually this is the true threat and trump never makes any comment about this in terms of you know transitioning to a post carbon coast post fossil fuel economy i mean this is going to have to happen one way or another i mean there's a lot of saber rattling when it comes to russia and the existent all that nonsense but the fact is there's got to be a transition it's got to happen now the plastic is already babies are coming out of the womb plastic basically plastic babies these days because of the petroleum toxicity. we want to give up our humanity and become plastic people we've got to make the transition now anyway we've got to i hold you over for other segments

of say goodbye but we'll say good hello again in just a moment alister ok and that's going to do it for this edition of cars report with me max kaiser and stacy herbert like to thank our guest dowser macleod of gold money if you want to get in touch with us at twitter it's kaiser report until next time by. elaine. thank you. thank you thank you thank

you. thank. you. thank you. thanks and support is back in the firing line with the world anti-doping agency committee recommending a whole year ban from may just forcing your friend the international olympic committee has had its say to you saying any punishment will focus on the countries or forty's actually. 3 months off the disaster people in the french city of rwanda gathered to protest the handling of a huge fire that ripped through a chemical plant demanding transparency over potential toxic where. i want. people who were duds in my garden. and.