president trump announces a restart of peace talks with the taliban in afghanistan during his 1st visit to the country. the french president doubles down on his criticism of nato on to describing the military alliance as brain dead. and a rally in the french capital to raise awareness of violence against women is itself mobbed by violence as one feminist group clashes with another we talked to one of the woman who took part. i was in the rage we went to this demonstration because we wanted to defend women's rights the violence against women the protest raises questions a demonstration with the slogan all of us turns out not to be for all of us at all . well those are the headlines and that's it for me will be here next hour to take

you through all the latest news from around the world stay with us. max kaiser this is the kaiser report you know one of the same to talk about on the show if you read the financial press about the latest scandal it's just a new name for a recurring scale like there's only 3 or 4 ways you could rip people off though as it changes is the name that you call to rip people off more on this now with stacy well we're going to talk about the for ever war as we have the forever war that is the global war on terror and the extreme costs from that and we have the forever war against the black hole of debt that is consuming the global economy and it's been consuming the global economy essentially since 2000 but especially 20082009

we're throwing more and more and more and more of our wealth in our assets in our future into this hole and it's costing us forever more but 1st we're going to start with the context the an allergy to provide us with an understanding of this financial work because the finance stuff is harder most people think to understand but they they understand good old fashioned war you know you invade a country shoot them you kill the people and you won right and you take their resources and you want well forever war in the last 20 years cost $6.00 trillion dollars since $911.00 the cost of forever war total $6.00 trillion and $800.00 or $1000.00 killed including 335000 dead millions for what asked miss shedd luck so he's looking at that brown and boston university joint study from 2 professors at those locations who are looking at the actual costs of war and you know it's always been put between somewhere between 2 and 6 trillion and here these 2 professors they really dug down into some of the data and they said why people were confused

about what the cost was was that $1.00 potential barrier for civilians to understanding the total scale and cost of the post 911 wars is the changes in the naming of the war is the u.s. military. doesn't gates mean war zones in afghanistan pakistan iraq and syria as named operations the longest war so far in afghanistan and pakistan has had 2 names operation enduring freedom designated the 1st phase of war in afghanistan from october 2001 it was designated operation freedom's sentinel on the 1st of january 2015 the war in iraq was designated operation iraqi freedom from march 2003 to 31st of august 2010 when it became operation new dawn when the u.s. began to fight in syria and iraq the war was designated operation inherent resolve for ease of understanding the costs are not labeled here by their designation but by major wars and so they keep on changing the name of the war right well we know from sociologists and consumer scientists and marketeer that the most

psychoactive word in the human sub conscious and conscious mind to get them interested in buying something is new. new and improved right those 2 words trigger a response like oh i might buy something if it's new so the marketers and the profiteers who run america's defense policy. embrace this idea and so like instead of saying new coke is something different and better than coke right they're saying operation desert freedom scale turning desert to glass it's program you know that's new and improved it's then it was the member stormin norman you know all the branding so it's a branding exercise and 70 percent of the american economy is consumer so we live by branding exercises and we live by branding so this is the defense department in

the pentagon and bracing that to sell the multi-trillion dollar death wave death machine that they love to push into really reprinted it's a branding exercise well why did they do that branding exercise max because they need the people on their side and to think that we're in a constant change of like we're always progress ing right the vietnam war why we had an anti-war movement is that because they went on and on and on and people are dying and dying and dying at the from the same exact word vietnam here it's like it was shocking our memory invaded iraq with shock and awe then enduring freedom the same thing is like if you keep on telling them we're still in iraq are still in afghanistan still fighting we're still dying people are still dying soldiers are still dying innocent civilians are still buying people might rise up and stop it the same with the fight against the black hole of debt consumer economies you know what they keep on doing is changing the name it's quantitative easing it's

operation twist it's deserved it's nerve it's now we have not q.e. q e not q.e. with this repo market intervention i'm sure i'm missing a dozen words and then dozen names that they've called it over. the past 10 years but they keep on changing the name of it for our this is what i was alluding to in my introductory statement right is that discounts of the same that the names change and it's a branding exercise so there's only one thing the central banks can do and it's the only policy response safe since paul volcker left and that is to print more and to take interest rates down to 0 and then without batting an eyelash banks in europe decided their central banks in europe decided that 0 wasn't even a boundary we can go into the bank if interest rates but they're really trying to rebranding the exact same policy is to encourage the transference of wealth to the ever fewer top plutocrats and to disenfranchise

billions of people around the world and to then claim that the uprisings the global insurrection against banker occupation that we see in hong kong that we see all over a lot america central america america europe france the indignados as you lay joe sobran vet as being something other than just a response to a plutocratic grab of the globe's resources with free money well max used to pull true. done square that sounds best if we use the full tricks magic tricks right and i think is the preferred you know verb in that case well how do they get away with this over and over how do they get away with forever wars how do they get away with forever printing and the way to get away with tricks you don't want to inform the population right you don't want an informed group of people in front of you performing that trick in times square because then they're going to be like i see how you did that trick that's not fun right you need to distract them divert there

is call mr x. and mr i use the word common amongst magicians circles ok well that mr action is the constant renaming so you can never stay ahead of it and people are busy people working there their pay all their tack. they're paying their obamacare day and they can't they think it's a different name in a different war must be a different place but they're also according to this shifting expenses to exceed the budget so a budget is agreed they say ok we have $50000000000.00 for this war well what they do is in the fiscal year 21000 the trumpet ministration made the practice of shifting emergency appropriations into the base budget over when it introduced new ways of categorizing the department of defense spending relating to the overseas contingency operations this is a socio some of the funding that was previously designated for a specific military operations has now moved into a category called o. c. o. for enduring theater requirements and related missions and another o. c. o. for base requirements so they they shuffle the shells around so you distracted from

not only the name but the budget like how much it's costing him right so mr action and major multi-trillion dollar defense budgets has a new name it's called m s n b c who is the sponsor of m s n b c but the defense industry lockheed martin boeing have ads on rachel maddow show you wonder how do they re brand the same. the same genocide they get rachel maddow to yes track to use mr action the distaff see how do they get away with it they've got this talking puppet talking nonsense spirity nonsense she's the new alex jones except she's now in the employ of n.b.c. which by the way is owned by contest which is involved in some nefarious stuff to distract to the to mr wrecked the audience to get away with rebranding the genocide that america perpetrates she's rebranding the cold war the left used to be against . this sort of hysteria and xenophobia but now therefore it's so in

a convincing by that that when you have to do by guys like rachel maddow does like adam schiff you know well it shows i don't as a dog i think glenn beck co-opted it on fox and get a brilliant career and then he moved over to some other network on his own accord because you want to bug you know once you go by guy you can start to go back you can slip down the rabbit hole and go insane alex jones glenn beck and now rachel maddow is rapidly losing all connection to sanity it seems like back from the days of harry houdini like it seems like the bug guy thing is like i don't know who gets convinced by that like see how they see telling that you know the people who works for would be the guy who ran the hell bob comic cult yeah i'm going to be white as they were in the comment and then they aren't jim jones from the ghana massacre those types of serial massacre perpetrators out in the jungles around the

wilderness or adam schiff got the bug i think right he's trying to have a democratic party commit mass suicide right so he's got the bug guy he's got the bug i think. it seems to be working because the democrats are going down that rabbit all they won't you know when you have a static stop digging oh my my theory is that if as soon as you see the bug they're telling you they don't even believe their stuff they're pushing out there like most likely they're knowingly put in a life that will go back to the comparison to the financial war because the financial war is an ongoing forever war as well and this is never going to end interest rates are always going to keep on going down like michael hudson says it could go to negative 25 percent because there is a forever pile of debt the banker is the you know whoever runs the world these top one percent who get to issue all these derivatives thanks to bill clinton introducing the commodity futures modernization act in 2000 they get to print more c i'm doing the debt the buy guy so you understand that this is true. so

oh i'm sorry there was another crazy ok or of these oh i'm reading the headline the fed slaps down negative interest rates the minutes for the f o m c meeting on october 29th the 30th shed some light on that laundry list of discussions arising out of the fed's current review of monetary policy strategy where it figures out how to line up the tools to be used during the next crisis and which tools line up so basically again they use the gobbling of the military industrial complex systems the finance the monetary industrial complex well basically the saying play terms is that the negative rates in europe are crazy and insane and we're never going to go that far but they are because they'll have to because we're in a forever war they do say that in the next financial crisis they'll basically go to 0 that's essentially what they're going to they're going to do but they won't go negative they say they don't want people to rush out of the dollar too fast right day jay powell finds the idea of a negative race you know apparent yes repugnant but he'll do it do it cause he's

a general right you've got to follow orders this is a big issue right now in the united states who set who if you're commanding officer tells you to do something to commit suicide with your monetary policy you've got to do it and that's what he's going to do that is one whoever is head of the fed at that point they're going to do what they're told to do and their bosses in that case are probably wall street banks right it's j.p. morgan it's goldman sachs it's whatever banks still exist 0 hedge says in a bizarre admission e.c.v. warns its policies threaten financial stability and could lead to a crash so while the low interest rate environment supports the overall cami we also know an increase in risk taken which could create financial stability challenges said e.c.b. vice president louis to going broke because it came to zombie banks alive ok so we were saying now for a least 6 years and we also have been saying categorically that lowering rates does not fight deflation it causes deflation and now the european central banks are finally figuring. that out but it's too late but this is also they're admitting

that it's killing the civilians that there's a lot of collateral damage just causing those who aren't normally risk takers like the pension funds to take on bigger and bigger risk without any sort of reward civilians i've got the solution more formaldehyde all right well we're going to take a break and when we come back much more coming your way. most people think just stand out in this business you need to be the 1st one on top of the story or the person with the loudest voice of the biggest raid in truth to stand down the news business you just the dance the right questions and the right answer. the.

question. join me every thursday on the alex simon sure and i'll be speaking to guest of the world of politics sports business i'm show business i'll see you then. welcome back to kaiser report i'm ask eyes are time now to return to a cloud of gold money dot com as allas i must inform you that i'm an investor in the company also welcome back nice to be back max the erratic all money dot com that in a post titled 150 years of bank credit expansion is nearing and. it you write that iran is slated to be at the business the origin of the boom and bust cycle is found in the bank in bank credit

r i let's get into let's get into this house or elaborate the 1st point i really i think is absolutely it desperately important is to understand that the cycle of business boom and bust is actually not a cycle of business boom and bust it is driven by expansion and then a rocket contraction of bank credit what you're looking at with business is going bust periodic actually it's rather like the relationship between spots on your face and measles you know the spots of the disease the disease if you like it's far deeper and it really does come back to the expansion and contraction about credit and in that article in the 1st section i go through the cycle of how the cycle develops from a bank from a banking point of view and you know it's a mixture of of the initial expansion creates

a feeling of well being in the economy and bankers see that and they confuse that with things actually improving and so they expand their balance sheets even more and they end up as we all know in a sort of the sort of stage where we got to in 2007 where everybody has. all the banks have expanded their balance sheets and that case even expanded. off. she's had it with securitizations and all the rest of it and all you need is just something to happen all the slowdown to occur and then suddenly the banks get frightened because. fractional reserve banking gives you wonderful profits when things are going up by goodness they really kill you with done so the 1st thing you do as a banker is just run for cover all the banks do it at the same time and that's why we have a banking and systemic crisis want separate i don't know anything between 7 and 12 yes and i think would you another one but it's not always been the case because you

know going back 40 years or so where you had more of the economy was less consumer driven and more manufacturing driven the boom and bust cycle was driven by inventory and inventory build up say that the factory would get more efficient in producing a certain widget the supply of widgets would go up and the prices would come down and then there'd be a slump and that would be the business cycle but it's during the deregulation period starting in the eighty's we left the manufacturing floor and we entered the era of financialization so it is a relatively modern phenomenon because really because it's only been recent that the banks of the product of the of the western economies is credit that's that's the product they're selling us our loans we don't buy stuff anymore the stuff is worthless for from a business perspective it's only the interest attached to the loans that drives the

bankers revenue you know their salaries right so it's a relatively from recent phenomenon isn't there it's not it actually started in the wake of state bank shot of 844 we brits were responsible for it when the bench officer. wrote to you it was it was an act it britain basically was the most powerful nation in the world and sterling backed by gold. it was the most powerful currency and so what we did in banking was effectively the model for everybody else before that 844 charter back charter act it was generally acknowledged that if you took a deposit to deposits you know someone's cash and stored it if you like it was a custody or faction function and it was not something for the bank to take and then to play with at its own discretion but it went worse than that because the point about the bank charter act is it is

a large banks to create money to loan money into existence and it did that basically by. giving someone a credit if you like on their account and as they grow down on that account and they pay other people that money suddenly materializes in other people's deposit accounts and so that way they have literally you know if violent a 1000000 pounds i am loaning a 1000000 pounds into existence and that whole thing was legitimized and i think it was 848 when case law found very clearly that back could do what it damn well wanted with your money and has been doing so ever since but what you're referring to about manufacturing and all the rest of it i mean obviously over the decades and indeed the one enough centuries the character of borrowing has changed very radically i mean when we would go back to over and go on

a which went bust in 866. and drove bank rate up to 10 percent and remember bank rate was was was in gold at that time. you know that basically was a discount house which started to do what. investment banks like j.p. morgan do today they go and invest in other things which they don't necessarily understand. and in that case it was investing in railways you know a bank which is the leading discount house never buys anything more than 6 months suddenly is investing in railway companies come on it doesn't know what it's doing and the result was there was that crisis bearings in 8090 same thing what they did was that they got to the point where they were doing so well the domestic economy they thought well you know let's look at broad so they went and invested not in argentina argentina went wrong and the problem pretty good investor

abroad is that you don't necessarily have a legal title you don't have control of collateral and all those sort of very basic things. and at that time brazil was also in a bubble all that collapsed barings was just about wiped out in fact they had to be saved by a consortium of london banks and nathan ross child who was of the family at the time said that if that rescued parents the whole london banking system would have collapsed so there's nothing new in what we're seeing in this millennium this is been happening ever since $1844.00 when this process of loaning money into existence was legitimized under the bank. ok fair enough i mean that's a great synopsis really have 150 years of banking and to your point your time the boom and bust cycle to to bank credit cycle say and you're suggesting that the

banks that they make credit easy at very inappropriate times entered extends bubbles and they pull back at the worst possible time and they make contractions worse right so we're relying on bankers too much and we are removing actually the forces of the free market which would be much more efficient in rectifying some of these excesses in the marketplace by giving that. to a few bankers and they've done a terrible job at it for you know hundreds of years i guess you could go back to 1694 i think is when the bank of england was chartered so you know that probably kicked off the whole nightmare right there well yeah it was it was a bit different in those days ok ok well we'll get into that next next time but let's move on so you also write about the resolving creeping communism it seems that historically the sort of thinking emerges after extremes of plutocracy ok so in other words we have established that there's nothing not natural about this boom

and bust cycle it comes from an artificial credit cycle that is driven by horribly inefficient and to some might argue a criminally minded bankers and but now the reaction from the populace is moving toward communism that's the go to grab i'm going to we're going to come socialist that seems to be what they think always go for. it what is there a direct link and historically is that a repeat is that what we always say i mean if you have on sound money and by that i mean the ability to buy off anyone who says you know i have got a complaint or i've got an interest in it you know i deserve the money i deserve to be paid i deserve this i deserve this out of society. if you have that culture which is essentially a weak money culture then you're going to go in that direction i mean the only way socialism can be. direct and funded is basically through

inflation through monetary inflation because you know the rest of us actually you know who all socialists have to work for a living and we have to look after all our affairs we have to make sure that we don't. live beyond me ok let me just for a 2nd how come it's so difficult to communicate to folks. that the problem is with these being and these bankers and what they are doing you know we talk about it on this show for years and years but we don't we don't make any headway because the response from the from the folks that are being victimized by bankers is to go socialist they don't want to punish the bankers right i mean during the reign of terror in france they got rid of a lot of bankers quickly you know and that seemed to work for a while walk and there's no muscular response against the plutocracy why is it always well we quit let's become socialist and grow our own vegetables the problem

with baucus is their license by government and not only that but they are integral to the financing of government debt so then they're going to knock over bankers i mean they're there for a purpose we think that they're to help us you know produce things in industry no they're not that is a secondary thing that is the excuse but actually the reason that is to enable governments to borrow money to do the things which they could not afford to do if there was no monetary inflation so they're not going to stop this cycle this cycle is going to have to stop a bit so and i think that is probably about to happen which is why that also but i reckon that after 150 years of this. fraud it is really a monetary fraud i think the whole cycle is likely to end this time and ok i doubt it is that stroke money if that's the case and we have about a minute left where you see gold in 2020 well it's not

a question of gold it's what happens to paper money paper money is going down backs and so that's reflected in the high price for gold and it's the same with that court if you like that would do almost exactly the same thing as far as i can see i'm not sure how to take that sanity make us but alan and i don't it's not the audience figured that out because i don't know that we have a 20. it's left what about the settlements layer we talked about this a bit in the last episode does the us china us trade war hasten the arrival of the alternative to the dollar and will this be revealed in 2020 we've got 10 seconds that is an appalling mess max and it's going to get worse i have no faith in either party coming to some sort of agreement to may taste quite simply a financial wall degenerating into something worse it well done well rhonda time thank you so much alison mclean for being on the kaiser report my pleasure already

that's going to do it for this episode of the kaiser report with me max kaiser and stacey i would like to thank our guest now from macleod of gold money dot com if you'd like to get in touch twitter surprise reported that exxon bio. you know world of big movies law 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 back 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 we're watching closely watching the hawks.

in this community there are people who believe that it's ok this other action food on my table it's really hard there are no jobs and you see that i've got kids that ask and as a parent. i can come up with lots of arguments and there's a lot of conflict within the game and between the 2 teams most of the conflict i would say overall is around money and most of them money is made. close one on each other to the scene on each other is good business the state of california alone makes $6000000000.00 a year off to prison complexes to get some 20 alive where. you don't care anymore nobody cares about your so you don't care mind anything. accusations of conspiracy about ukraine and russia and fallout from 2 weeks of public impeachment hearings political and legal analysis on this of this.

politicking on larry king we start with the political panel covering some key news developments including that controversial terminations at the pentagon fallout from 2 weeks of public impeachment hearings and conspiracy accusations about ukraine and russia alex vogel is in washington he previously served as chief counsel. first and former general counsel for the national republican senatorial committee and then atlanta robin birol democratic strategist former obama campaign regional field director he's also retired u.s. army ranger will start with alex ford to talk about the impeachment what do you make of the terminations of the navy secretary in that whole store.