that whole war in vietnam because it secured retirement for americans in the year 2020 they can get a good standard of living and affordable health care so. we shouldn't feel too bad about it the loss was worth it for sure had we won this would not be an option for john rocker although he lives there now he lives on the 20th floor of a condo building for an apartment he bought 425-0000 has like 4 bedrooms he has a wife kid he has nannies and cooks and right this is a good point because another words this guy retiring to iraq these are retiring to libya retiring def jam a stand these are wars that supposedly america won't the fact that america lost vietnam made it safe for retirees to get a good standard of living in affordable health care exactly and he says the majority of vietnamese that he meets there like they don't mind that he served in

the vietnam war most of them were born after 1905 the majority of the population there. are living costs rarely exceed $2000.00 a month which is. you know the average cost for health care here for retirees even and it's a lot of things are very expensive out of pocket added network all that sort of stuff so he said quote the cost of living is so low it's a communist country but if i blind folded you and put you in downtown saigon you wouldn't know it and i'm going to say that america is technically a capitalist country but if i blindfolded you and put you in downtown new york you wouldn't know it because there is you know the central bank is printing money command and control to keep the stock markets afloat to keep the banks afloat so the same could go back and forth and that's why i think we have americans moving to vietnam also cambodia the article mentions for the cheaper. the better standard of

living but also really capitalism versus communism right it's an autocracy versus a kleptocracy america is a kleptocracy that's failing and going the way of the dodo and vietnam is autocracy where they have like singapore singapore is a country where people have an incredible lifestyle but it's not talk or say there's no what we would call freedom of speech but that's true also in america now freedom of speech is curtailed quite severely it doesn't exist in the u.k. in my opinion and i can talk about that on some other time and i'm sure it's very diminished in vietnam as well but you do get a great quality of life well that could be a trend i see going forward into the future is that if you yourself are not a citizen and care about the politics or the people running that country it's safer in some ways to live in autocracies that you don't speak the language you maybe don't speak vietnamese and you don't care what they're doing is so you don't have

any expert thoughts to express that might upset the leaders but they have a good standard of living of course when you can speak the language and hear what those imbeciles are saying in the white house or in congress or the senate you get angry and you start shouting and that's what gets you in trouble you know in terms of the standard of living i want to look at this story because this is one of the. most consistent stories that we've covered is are we having inflation or deflation there's deflation in all the bad debts that the bankers throat there's inflation in some things and certainly in the stock market we've seen a massive boom there but this is an interesting way to put it and this is adam tooze and he says the dispersion of price developments in the united states is such that it poses the question of what we mean by inflation remember this guy john rocker old in vietnam and a lot of people on c. and b. c. are in the financial press will say there's no inflation you know the fed can't even get above 2 percent. so what's this guy talking about in terms of standard of

living but this is what matters because the red line are all inflation going up since 1907 food and beverage housing wages medical service child care college tuition hospital services so pretty much all those masses hierarchy of me is the basic needs that you have food shelter education health care of course is the number one and that's why the vietnam story while even these people on so-called medicare and we're supposed to expand medicare for all they're having to go to vietnam because even with despite being on medicare and qualifying for medicare they're going to vietnam for cheaper and all the stuff like shoes and toys and household furniture are down so you can be a well dressed homeless person with a nice sofa you know on some sidewalk in san francisco with this sort of chart and data it's not really inflation or deflation it's a bifurcation so these terms inflation deflation they tend to hint at the

connection between the finance economy and the real economy and sometimes the finance economy gets out of hand and you have crashes and sometimes the real economy gets out of hand then you have stagflation because wages are too high but sense 2000 and getting even more pronounced since 2008 we have 2 separate economies there bifurcated there's the privately owned central banks who print money for private the top 110th of one percent of private citizens and then we have the surf class or the neil feudal class and these 2 don't interact anymore so inflation and deflation interaction that there's a there's an organic economy and sometimes you have forces of financialization that are checked by wages etc but that's dead that's dead since alan greenspan destroyed the federal reserve mandate and targeting only the stock market and. donald trump

also his only metric for success is the stock market and that's all driven by money printing and it all goes to very few people in the private equity and hedge fund business doesn't trickle down anywhere because there's no connection it's 2 completely separate worlds down america it's bifurcated well speaking of bifurcation i do want to know and i don't have this headline right here but over the christmas holidays the new year there was a story that will probably get overlooked but that is that several banks including j.p. morgan and h.s.b.c. allegedly were listening in on bank of england press conferences via an audio stream sold to them by a 3rd party service. the rest of the world was looking at the video story they had special access the audio stream and if you know anything about streaming it obviously takes more time and energy to compress the video so there was a 6 to 8 2nd delay where all these banks for years at least one year the bank of england has identified but up to 3 years as many experts who in the 4 x.

market could see what was happening that something unusual was happening for the past 3 years so we don't know how many millions of dollars maybe billions were front man and taken from the rest of the economy that's a good example of bifurcation in the legal system so in the banks whether jaysus b.c. and others who are stealing money and caught stealing money there is no rule of law that applies to them because they position themselves strategically important to the economy and as eric holder did during the holder doctrine he laid out the case for banks being in new and from prosecution and that's been with us now for a long time other folks that live in the other country the other world stealing is still a crime and they go to jail but that doesn't exist now because the laws have been bifurcated as well as the economy as part of like front running our other series here this 12 part series where we're looking at the big economic issues this is.

directly part of this story so you have the obama and holder doctrine where we had to look forward not back don't prosecute these banks and in particular they let h.s.b.c. go with the crimes they kept on finding j.p. morgan never sentence anybody to prison for any of the crimes they did and here you have this nonstop thing and you know we have the situation now where all these millennialism generation z. want a billionaire tax they want to take some of this back these ill gotten this odious wealth and then you have somebody like mike bloomberg a billionaire part of this whole wall street sort of front running sort of lifestyle where they have the data 1st data so a poor and even 5 seconds gives you a huge advantage over everybody else well the billionaires enter and say don't take our money we got this fair and square you're just jealous you're envious well i think a lot of people think it's all about a rigged game and you know bernie sanders has articulated that the most even saying

it's a rigged game elizabeth warren also says a rigged game rigged game rigged game and that's the big issue i think looking forward into 2020 if you recall george osborne it was the former chancellor of the exchequer in the u.k. was caught red handed along with h.s.b.c. essentially overriding america's constitution they were attempting to rewrite our constitution in real time you're talking about that letter he sent to eric holder eric holder was about to prosecute h.s.b.c. then there were some strange letter that george osborne but in terms of this like that's what we're saying is that there is a bifurcation going on and i want to point out that you do have a new pen on your vest there beyond bitcoin and that is the reverence go on because that of course is your clan maxwell clan motto rever esko will rise again will rise again and that could be you know with brags that now happening that you know a united ireland and an independent scotland going forward so hopefully we'll. be

back there take your castle get my castle castle castle is ready to be retaken the maxwell clan currently doesn't have a leader i'm putting myself forward as to be the leader of the maxwell clan our ongoing multi 100 year conflict with england scotland this is never been easier now to walk away from england to be independent from england and i'm going to be more of 2020 my goal is to lead the maxwell clan in our separation completely from england of course our lives can be reunited the 6 counties in the north will be going to be attics essentially by the republican thank god for the northern ireland because they don't want to be part of that dump called england and i want to quickly do i have democrats need to accept these 3 to use to be a trump a 2021 trump didn't steal the 26000 election to the economy is doing well even for the little guy 3 stop denigrating the voters i think that one is the most important this is from by the way it's from c. and b. c said the financial press in america saying you've got to stop calling the voters

stupid that's one of the cardinal rules of politics if you want power stop calling the other guy's voters imbeciles deplorable. the russia gates has cracked rachel maddow by the end of the year will be hanging out with alex jones somewhere in austin texas we're going to take a break and when we come back we'll have much more coming your way don't go away.

oh i love it. and we're going to fulfill the repeated promises apologise to the people and promise to be you know we've all pots to. be ready for a. pretty good burka now you want to 1st crack that. no. longer.

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the united states presidential candidates debate the future of the u.s. and the world. but dig into the burning questions of this election cycle. every week. student. was money. and. catch up with. exclusively. welcome back to the kaiserin for imax keyser time now to return to our conversation on that fire stein is the author of plan a positive but on the show many times he's an insightful guy he's a wall street or he knows stuff and that's welcome back great to be here we've been talking about golf for a while to morning 19 it's break it out man it's up it's

a new all time highs against currencies all over the world almost every currency all over the world except the u.s. dollar is the 2020 there that gold had to do all time highs against the u.s. dollar mitch i think the central banks are destroyed valuing property markets the bond markets stock markets you know what it's going to look at is you've got to look where other people are looking to find value in the come on you space is not nearly as much in a bubble as everything else in commodities are real assets that you can trade people need. for money see our currency in the next decade as it's going to lose its luster us dollar gemini and in the next day 20 or so that's my big prediction and i think we're going to be you know that you know make thousands of percentages on the hyperinflation and we could have the venezuela at a high there inflation rate is about 10000000 percent or something ridiculous like wow i mean this is what happens when you when you nettle differences on

a nice play around so metals i'm very bullish on you know i think in time some substantial. in the fires you should pick some up everybody should have is as a part of their portfolio i think that right now. is overvalued especially the dollar when we next crisis and its people will flock to the u.s. dollar is a safety trade in safe haven and maybe in the bill markets once more to the last straw for the dollar in the next and there's going forward looking for a nap. and after the recent election in great britain we saw sterling is the world's worst currency pump up 135 in it so well off the one 3rd i think sterling will go below one under the next you know in the next decade i think sterling is probably a good short on any i mean i think you know there is no value in it yet it's increasing so i think sterling is

a very problematic for instance the euro's foam out of we will see a meaningful evaluation with chinese one in the next and right i couldn't agree more and that's why i'm buying robles you know they are set for a huge move on the upside down or the commodity play and 2 they work around all the sanctions and the brilliance of manager at over there and let me ask a question here is kind of a thought exercise goal becomes a prized asset because of it scarcity value and as the paper money loses value all over the world as you've just described it so the commodity play would it be kind of like a tag on with gold in terms of its scarcity because the economy doesn't look like it's going to grow any time in the world as a matter of fact the global economy is probably going to crash so commodities are is it a is it a valuable this is a good play because it's going to because of the scarcity value of commodities not because the world is an economy is growing in any sense match earnings peak in in

the stock market in 2014 so you know it's not markets when trading on stock buybacks their all time highs which is it's a ponzi scheme that so you know commodities are real value you can actually exchange them for something somebody needs so that means that the. amount the currency or for one or you know it's hidden and exchangeable for some teams of the last old silver aap were oil or a basket of those assets. when you u.s. dollar is the u.k. is like us notes $250.00 trillion dollars in debt not. realizing it it's going to be as well goes everybody's been there for the exits and you know once we follow that it will know that self so what the market is and before i. don't ever want something at the top market don't revise them or is not an adage to be

followed in these markets and what we think we're just complaining momentum the most want some get slaughtered or for balto who is really bad all to you in gold and selling selling selling you know one outlier move though your profits in a couple hours that people are still remember it's an asymmetric war that people of the top were making in the last are heads to other must make a list 2 or 3 percent even if the market were to crash 50 or 60 percent but the average person is on head and they would bear the brunt of a 50 to 60 percent live down that let's change gears and lived as a markets here in japan you lived in japan for many years match you are one of the 1st guys on wall street to talk about sushi and make it popular i remember that now let's turn to their economy that's been falling for 30 years exports in 2019 were down 8 percent what's ahead for japan now the nikkei 22530 all time high for 30 years ago yesterday max and

substantially so what would you having seen one since we last decade back to back to back in japan or central bank policies that have while basically tired now they own most of the e.t.s. out there so what does the west learn we learn nothing oppy we're turning to japan japan or for case you know what i'm saying is the past 7 or 8 years nobody wants the ones that we are replicating sack with squeaks they meet in 1989. we will meet in jerry up near 40000 and then drop below 10000 we haven't even got near those levels in the road we need to solve no matter how much fuel they do it doesn't work the crude nasty keynesian economic theory if it fails you don't keep doing scenes in the fails as einstein said insanity in same thing over and over

expecting to achieve a different result we're not going to get a different result all the central bankers should be fired before those are is a fight and to protect the banks and works on their behalf to screw everybody else that's basically our. informant and sharpen up it's going to be right there when they take the power of the federal and said now once when they climate change it will look at what work on you he's left the bank of england is doing is now saying that everybody has to be fine where you can't invest them in fossil fuel is he's going to actually run a un vision of climate change we construct a quote at will thank you and the rand created the biggest. house well built in canada and then he moved to the bank of england where he created the 2nd biggest bubble is a bubble or lower syria while he's got it longs for gas along the entire time now is moving over the fine chain which is going to be a prevailing trend in the next any yeah climate change staff in sa no one's going

to mess australia right now now and the government there to begin with are still far away and now that it's burnt to a test nobody is going to go there anyway because climate change it doesn't really happen and ever so let's continue on match your pants deflation continued for 30 year despite basque land venting quantitative easing and if so if you are kuroda over there in the bank of japan what would you have done differently the quantitative easing thing was was never in my playbook well i would have done is i would have i would have drained. the swamp and all the insolvency insolvent banks that was closed down this is what we should have done and i recommended in my book that's why i wrote my book they said look you've got to insolvent banks are going to wind them up like we did back in the days when we had the s. and l. crisis in america when it was done was they. actually put bankers in jail and wound up all those s. announced because they were too big to fail to sell my book was too big to exist

now instead of frozen them down like would lead to s n l's we bailed them all out now or even bigger than they were in the c.l.o. market insane fatah to erupt last time some of these products now are 10 times bigger so this chant in well it's not born and well then let these banks go out of control and now the banks are formed strings of the central banks because they say oh it's really important to keep these guys around that's a big pond so we have a big diversion in the media like we have rachel maddow coming out with russia russia russia we how many times you have to prove something you can't because the media has agreed to this is the big problem you have now you don't have a free media you don't have the mark receive what you have united states is a modified all about the united kingdom people saying you have a choice between democrats and republicans or labor and the conservatives but you don't it's to save and it's just being forward so what you got was look out for

yourself governments are not new to help we are here to enrich themselves and the oligarchs that they need their accounts in our rights allowed out the bang excoriated and the mass media because the rush again bending bunked finally took 3 hairs but anyway let's talk about 20 electing to 2020 alexion even robert shiller era go as a trumpet or has turned around and said you know what trump has re-awakened the animal spirits and us economy and he is responsible for these markets going the way the. they are so you know as we head into 2020 the democrats blow 3 and a half years on the russia gate and they are cranky alex so they are not positioned and any sense for 2020 looks like it's a runaway triumph or tromp. this going to carry through in the markets into 2020 and beyond or the day of reckoning and the bond apocalypse that people have been predicting for 7 years that finally hit us he's taken 100 percent is that you know

you're going to have the old dumpy trumpy so the markets of. smart money not being retails when you get in and then they're going all going with it flat how long it is not really sure there's not really a robust army because the stock market's going up when he got opioid addiction you got a 1000000 other problems in america that are have not we don't it is wealth inequality is one of we've got you know it's on the brink of civil war people killing those interests was no stability any longer societies right now far people don't have reserves in sand any longer nice to have democrats meet you we your friends and then wait for us if you don't like vote for somebody else now why you're not my president who got my point was that we want to wow this is not democracy friends this is. the fascism fascist law this is where the democratic since she was in

times that we say no to money tree money for the problem with that group that you know don't matter we do that they're very serious and doesn't is an empty screens and raise the top with ones that includes anything out of money will win if the stock market holds and what is one awesome edifies diet bank survey on kaiser apart thanks max great to be here as usual and that's going to do it for this edition of the kaiser report with me max kaiser stacy everett like to thank our guests mitch firesign of planet politics dot com. joy richest on twitter it's kaiser report it's a lifetime by. the rise you did but if she warned you and i do the dishes at the bottom or those jeans near the speech that she me we.

can use i mean guys without infringing balls. a lot of you will see sawing during fuzz if parts about 2 kids each other both are the most called. it as in the middle east. if they put out an. earring chick it will got caught but i thought they were dave doing. a english lady a. new. total. time of the time corporations repeat the same mantra sustainability it's very important . transition sustainable transport sustainability stay number may not be more

equitable and sustainable world. they claim their production is completely hama's. 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 even and i'm. going to do. so when. reality has mandates of its own that go beyond what our wishes and preferences are . and our utopian visions maybe we're going to get a new deal but it may not be the green new deal that people are expecting will get the green new deal that we have we deserve rather think we are going to get a green new deal because the green you're dealing compas is things beyond just right infrastructure health care is in that new deal there are other elements if

you go back 20 start in 2006 that we are going to get and that are popular in this country. good food descriptions sound up the tasing even for the owners so how to choose this pet food industry is telling us what to feed our pets really more based on what they want to sell us and what's necessarily good for the pet turns out that food may not be as healthy as people believe and we have animals that have you know diabetes and arthritis they have auto immune disorders allergies we are actually creating these problems it's a huge epidemic of problems all of them i believe can be linked to fairy simple problem of diet and some dog owners so heartbreaking stories about their pets last treats the larger corporations are not very interested in proving or disproving the

value of their food because they're already making a $1000000000.00 on it and there's no reason to do that research. police used tear gas to disperse the crowds in paris as protesters that gather through on a major nationwide strike of the pension reforms now into its 36 day. u.s. and around take a step back after coming dangerously close to open conflict with some problems in this response the rain. strikes to new sanctions really could similarities with the lead up to the 2003 iraq war. uncle health patients and mixed hospital wards in england reportedly suffered sexual abuse one of the victims shared her story. when he gets out. seems to be not the.