kaiser this is the kaiser report you know interestingly enough we live in an age when the plumbing of banking is becoming more transparent people are now aware of how actually these big banks work in central banks and it's quite fascinating actually because it's the root of all fake news comes from fake money if you want to get rid of fake news you have to get rid of fake money more now later stacy actually you said that many times over the past few years and i did see that ron paul recently tweeted something along that lines that it was the fake money from the fed that is creating fake news and fake asset prices and things like that but in terms of what's happening right now one thing that you and i always talk about report since we began over 10 years ago now is we talk about gold we talk about bitcoin and a lot of people say oh you can't eat bitcoin and you can't eat gold in and there's an argument against it but here we're going to look at some headlines guarding the individual economic sovereignty that is granted to you if you own your own wealth

if you own your own assets and their real assets because not your settlements layer not your money and this is responding to a wall street journal scoop u.s. officials warned iraq that it risks losing access to its account at the new york fed where international oil sale revenue is kept if it moves to expel u.s. troops so iraq is theoretically an independent sovereign nation and they should be able to invite other militaries in to help them fight somebody or whatever and they should be able to expel foreign military troops should they wish them not to be there while the u.s. is saying should you choose to expel military bases we will seize your assets at the new york fed you know i mean this is a fascinating and people are starting to see really how the world works and how the american empire works and how the empire of debt some of called it works it all clear so the new york fed and so these countries in the middle east can. in. a

hissy fit and throw themselves on the ground and cry and scream and they can do all kinds of stuff but it doesn't really matter because everything goes through the new york fed and member the 2008 crisis was resolved through the new york fed when timothy geithner was in charge and every time there's a crisis anywhere in the world pretty much it's all resolved through the new york fed the new york fed has the ability to censor if you want to that they want to cut you off from the global economy they can do so at the flick of a switch because sense the 1940 s. all commodities are settled in dollars ever ever since the 1970 s. and the emergence of the petro dollar everything all oil all energy is settled in u.s. dollars all commodities are priced in dollars and settled in dollars and all happens at the new york fed and everyone around new york gets a lot of money because they are in proximity to the new york fed and that's the way the world works of course the new york fed is the one in charge of the repo interventions at the moment they do say now that there is going to last through the tax season because they have another new excuse it was supposed to last for 24

hours and then 48 hours and then 72 hours then a few weeks and then a few months and now it's going to last until at least april they say and we also covered back in may remember representative brad sherman of california he's a congressman from out there he said about bitcoin that big point we must stop it now because what they're trying to do is replace the new york fed for exactly this sort of thing is what he was forecasting is that we need to control the settlements layer and the u.s. dollar is the settlements layer when people say oh you know the you know oil is priced in euro's and that's a threat to the dollar that's not the threat this threat is the settlements layer so all trade for oil has to settle through the new york fed and this is how they're controlling that all your you can't exist you have no sovereign rights unless you cut in as the middleman where the middleman you have that we have to approve of everything so that is why we talk about bitcoin and this is. an exact lesson in

what we were talking about for the last 10 years right this is why we talk about bitcoin exactly because it gives countries and individuals a way to opt out of the censorship that happens on the subtle middle layer of places like the new york fed and you know personally i have no idea why these countries who are being censored by the new york and who are being subjected to the empire of debt otherwise known as the united states of america don't simply cross over and switch to bit coin and achieve sovereignty i'm sure they have some sort of plan they take a while they don't move as fast as the individual can and that's why the individual is actually at a uniquely positioned place at the moment they can move fast for the nation states can or central banks and governments can say you can get ahead of this this that thing we see coming because remember again you talk about censorship you know there are all these laws and stuff like that introduced it's always about the bad guy

we're just you know these you know the patriot act is just to stop bad guys like bin ladin who does it end up like there's been almost 0 application to bad guys like bin ladin and who gets caught in the net all these good guys like aaron swartz for example he gets caught by all these bad laws that were meant for bad guys but it ends up like aaron swartz who was you know driven to suicide a few years ago just passes the anniversary is of a suicide just passed and look him up and you'll see that here you know when brad sherman said last year when he warned in may that bitcoin was after him like basically replacing the new york fed he said we don't want iran our enemies see is this play here they're saying we're going to cut iraq where we occupy the nation we're supposedly some sort of ally at least they're occupier like you know there's a certain international obligations to if you're occupying a nation but here they're saying we're going. cut them off from. what trump said

was that the new york fed has something like $30000000000.00 i think it's $3000000000.00 and carrying a 1000000000 meant ok and he said they would owe him $30000000000.00 in total if they got 3000000000 in cash parked there yet and he says you owe us 30000000000 and so he's simply going to cut them off and take that 3000000000 sees the 3000000000 and slap him with the invoice for 30000000000. developing a casino in atlantic city and he gets all the contractors to build it and says i'm not going to pay you i think it's roy cohn a lawyer if is it the time to hire a leg breaker like ray donovan they go strange things out right i mean that's the way the world works at the moment and the new york fed is is the little private kitty it's right downtown from where he has a big office well and it's beyond that because it's like he built that casino in your backyard land that you own and you're like wait who told you you could build

a casino on my land he said give me 30000000000 for it and you're like ok i you know you give me 30000000000 this this should be the way where you talk about iraq yes right he just pulled the number out of thin air that this is what you owe. any all self-respect new york developer would do yes somebody in times square would do that to you they shake you down here's another story i found this interesting because it was from the guardian simon jenkins wrote this and it's really kind of fascinating because it's more mainstream media so this is what he's looking at what is happening in iraq and iran and all this conflict going on and he says donald trump's rant against iran is the how of a dying empire all empires stay there declared purpose let alone their welcome all and messily the operative word is all be they roman napoleonic british or soviet all are vanquished not by superior power but by self-delusion and geography the british empire had neither the right nor the need to invade far flung parts of asia in africa. it was defeated by them the u.s.

has claimed the right to intervene in theaters as diverse as south america the far east east africa and a portfolio of muslim states justification varies from retaliation and deterrence to self-defense and the instilling of democracy again this is something that you and i have talked about for 10 years we're saying it's not just uniquely american it's happened to every empire before and that's we're just saying history usually repeats. you know they have their own sort of rhythm going on as they did pete deplete their power via hubris but they all get this point they all get this thing that they can use in new york fed we're going to take your money we're going to cut you off from swift germany you can't do that germany you know you might be an economic powerhouse but you know listen to us what we say goes you know they all end up like that it's not uniquely you know anti-american or it just like it wouldn't have been anti you know poli onic or anti roman are anti british or into a soviet it was like this is just the inevitability of history it happens every

single time for the exact same reason that i get what simon jenkins is saying there in terms of the history of empires and they never survive and they tend to crumble from within and i understand that the difference with the american empire of the 21st century is that it's constructed entirely out of digits of algorithms out of debt creation out of money printing and the cost of increasing the debt indebtedness to our vassal states which be every single country that's not america is right imagine if you were in the prison business and the cost of building the prisons i mean you could build prisons for everyone in the world because your cost is 0 america's built a prison called the world and it's the prison it's the it runs the prison and the cost of building that prison is 0 because it's all based on everyone in the world is still willing to accept dollars trade in dollars a clear through the new york fed and worship the u.s. dollar wherever you go you'll find a.t.m.'s in countries where as the local

currency and dollars write dollar is god no matter what religion you say you are around the world the fact is you to pray to the u.s. dollar every day every single empire has also looked like uniquely this time it's different this time they're also powerful nobody could stop room nobody could stop you know napoleon every everyone seems like that until they don't suddenly it's usually suddenly. and then all that looking back it's like all the signs were there and then i want to look at part of what you're saying here and this interesting chart that divergence of s. and p. 500 and u.s. nominal g.d.p. began in the age of alan greenspan any coincidence there used to be a relationship between the fundamentals of the non-con me the g.d.p. growth your actual production of goods and services your wealth creation and the stock market since greenspan and the intervention by the fed the activist fed who came in the greenspan put that you would never ever lose money if you just

continued to believe in the s. and p. 500 because the fed would have your back well you see the divergence really take off that you know nominal g.d.p. has just been the same slowly rising just like gold over the past few decades since alan greenspan but the s. and p. 500 has taken off doesn't care about earnings or anything like that you know because the g.d.p. is based on consumption and tied to wages and earnings and economic activity and manufacturing and things like that are tangible the s. and p. is based entirely on the ability to as zeros to your earnings statements based on the money that's being given to you by your king god the federal reserve bank and so there is no connection and there is no need as i've said before the 3 trillion dollars or so that are collected every year by america's internal revenue service to fund the budget is is not needed whatsoever they can simply print all the money

they need it's a token amount compared to the amount of they print 16 trillion and they collect 3 trillion in taxes it's a non it's not it's a rounding error in the many needs of money well these 2 are required like the taxes make it feel real so if you didn't have to pay taxes like it's all a monopoly game but it feels real especially if you might face $10.00 to. 20 years in prison for not giving this money they must think it's really important and really real it's like gold and that that i think creates the helps them to stay in the us then money is not doesn't go toward increasing the wealth of the nation it goes toward increasing the incarceration of a nation that's pretty much want to ask for said in the beginning you tops of the world is our prison well i've done it again well we're going to take a break and when we come back much more coming your way.

the money is in my. brain to boughs of a time about what was it was a bit. more about. what we were on the side of the. scene that i'm going to get but i'm before. them by the. by now i'm by the i'm not moved on. from the. people but it's no good keep the salaam view or some new focus on the us

so do you still. want. to see the film was not budgeted for the most good moment in. your life. boy. you know who you don't let. no one to. join me every so straight on the alex simon show and i'll be speaking to guests of the world of politics small business i'm show business i'll see you then.

welcome back to the kaiser report imax keyser time now to turn to. gold switzerland that com egon welcome back thank you max and a bit of a late happy new year to you right on your web site little piece called we just left the 20 tanned the stay decade a fantasy as you call it what is a saw about the decade of fantasy and what's coming up in the next decade the decade of fantasy it was the deck was a decade the world managed to artificially all the world's central banks to artificially. patients who bought it for another 10 years which was absolutely a lot longer than i ever expected was possible but nevertheless by printing fake money by charging 0 or negative rates for it they fool the world who are up for another almost 10 years what actually was 10 years. ago therefore we

are at the peak of bubbles that we are at the bubbles. i think the 20s will not take until 29 like it did in the 190-0000 till the whole system collapses i think it will happen a lot sooner. will is likely to start this this year and any time now the risk is at a maximum. things don't always turn when you expect to but it could happen it could happen this week or next week or it might take a bit longer but i don't i don't see these bubbles last thing for much longer this is banned the story for a number of years as you point out we've been talking about this for 10 years that on a valuation basis on a price earnings base basis on historical basis the markets are over a value certainly the bond markets in a 300 air bubble in the. not a kingdom it's

a 240 year high in the united states or bubble in the united states and yet there doesn't seem to be any end to this down during the 10 years i just talked about there the federal reserve bank in the u.s. alone printed over 16 trillion dollars to keep the zombie banks and zombie corporations alive remember a lot of these corporations report no earnings at all they're only kept alive through stock buybacks and cash infusions from the central bank but my question is i don't see that ending anytime soon because the central banks could very easily buy another 15 to try to 20 trillion dollars worth of bad assets they all work together that all the major central banks work together they don't there's no sense of competition in the world like david ricardo talked about in during the 1st years of nail classic economics it's all collusion and they're all buying horrible

junk and they're all working together and they have printing presses a so why with this and any time soon a guy things don't always end when you expect them to and we just said this bubble has been going on for 10 years you should have collapsed 2009 at the latest or 7 even if you didn't and you know the theory is very simple if you if you grow 2006 when the pros use door to world global debt was 125 trillion since then another 140 trillion has been printed so we are around 20665 true you know and remember all of that is just it's bubbles it's nothing to do with real money and that money has been invested into main in the stock market is not going into the real economy so then manufacture. fake money and created fake well now i'll long you think the

world can continue to live on just sitting there or on fake money and fake asses i think we are now i reached a point when that sheer weight of the debt will actually mean that this is don't call absent in the next it could be this year or a good obviously will take a few years but that the start will be this year now while you call fundamentally argue that it's going to happen now technically mark is now in the stock market because 6 stream evaluable are just yesterday. you know you are looking at a massive negative divergence on the new highs and the dow on the s. and p. for example new highs in the stock market is not confirmed by momentum indicators now that doesn't mean that it will turn immediately but that means that the market now is at a very very high level of risk and or it is likely to sometime in the near

term future i don't think that central banks can continue the game of fake money fake assets you know let's remember that this is that they're printed under the 40 trillion roughly in the last in the last was in 13 years by that and that has created the same fate as as when i made a calculation in one of my articles to say that that extra. money that they have printed which which is says that 19 hours is 2006 that extra money of about $70.00 or let's say near 70 trillion. that equals 2 years oh and neil global output of actually every everybody in the world is 3000000 there are 3000000 workers in the world. today was supposed to be 33000000000 workers in the world today and their

output over 2 years equals the money printing that we have seen since 2006 so the world has just created 2 years of our foot by printing money and that's why i'm saying that is not sustainable that doesn't mean that either fundamentally it will collapse today or tomorrow but technically in my view marcus looks extremely vulnerable on the timing. the cycles better that i look we could have. talked in the market at any time now. starting a downturn whether the downhill will be slow initially or whether it will start with a crash it doesn't matter risk is at a maximum and from our point of view our company we look at risk we don't look at the follow file or rise in the market and trying to catch that we look at protecting the downs of because the upside is maybe a few percent the downside is 95 percent in my view i think that go if we measure

the stock market against real money which is gold because i think we are going to see the dow for example or the s. and p. follow around $95.00 at least against gold in but that's not that would only take it down to the level of the one. that is in the dow he was one doubt equals one gold just like he was in or one hours ago just like it was in $981.00 gold was a 50 on the dow they did that was their racial $1.00 to $1.00 also that of the dow gold ratio i think we're going to go down at least to one again and i think we probably go below one but going down just to one would mean a full 95 percent of the day against real money go and i think that's going to happen now i can't say exactly how well but i think the risk is that today and i think you know people should be protected today saw the staff called on the. asters

are suffering from this that i think all the investors are looking at this bubble really more out of curiosity because gold in fact says the air 2000 has outperform stocks gold in fact against every major currency in the world is making new all time highs except the us dollar gold in fasteners are doing great thank you very much so i think they it's more of a curiosity here because the stock market bubble fueled by all the money printing is really a once and no one's ever seen this before ever in the history of the world has there been so much injection of ersatz fake fee out money to support. really companies that don't make any profits the companies that are going public don't make any profits they have no hope of ever making profits a lot of the listed companies 60 percent of the list of companies are not making appreciable profits right so this is a profit less prosperity fed by all this money printing they have the nasdaq up 40

percent last year but it could be you know on the verge of war in these situations like 1999 where you do see a final blow off on the nasdaq another 85 percent jump in the nasdaq would be in keeping with the recent manias on your thoughts on that as we know market and extent that. we everything is possible but you know you have to remember max that the nasdaq is up 7 times since 2007 ton this is a bubble now we choose equal to the 2000 i did before because of the time. that. you were in the almost just before the great and i think i can say is going to happen to more of course i can but i can say that the risk is not a level which is totally unacceptable and should be unacceptable for anyone. most

people will hang on just like they didn't do that was in 2002 while the nasdaq fell 90 over 90 percent so i see the people who now hang on i think they're going to lose the biggest part of their fortune or at least a portion of the wealth of average the stock market so i'm not you don't get catching that last bit you know i remember every x. but everyone in the world whether they were. cattle station or gas station attendant or whether they were had threats or whether they were you know a wealthy person whatever everyone was an expert on the nasdaq in 1900 and everybody jumped on the bandwagon the last year and then they lost it all and that was in the next but to be found in 2001 or 2 when the market crashed and i think it's not just sure you can have been i don't think is worth waiting for i think we are it's imminent but i might be wrong i mean i don't care if it happens today or this week or next week or examples in 6 months time the risk is there and as you

said you know the dow gold for example looked at the what we just chart yesterday and the dow go on a quarterly basis has now turned down on the what is called m a z d which is a trending indicator you know that's a term that turned down is the 1st time in 9 years that he's turned i've been at going up since since 2010 and now it's turned down that is a very strong sign that the stock market is now are in real time against gold going to turn down to see that to me is very significant so i think we're there almost there and i don't really care if it goes up a bit further because i certainly wouldn't recommend anyone to ride that but i know that all investors are in the market today they're going to think that the fed has do just mentioned before going to bed and all the other central banks are going to continue to pump in money but i think the market will soon realize that this money you know this was there's no. money make money that they print it is just it just

creating fake assets and therefore the money in the us is a fake and that's what the world is going to be experiencing in the next few years then all of that money all of those bad news i just going to disappear out of the market it will be sad for a lot of investors and they'll be in much the well destruction i'm not a pest i'm is just reading risk and i'm just reading the markets and he's inevitable that this will happen in my view well this moving average of the i may say days are fast ending i think we should talk about that and next segment if you can stay with us well do another segment that's going to do it for this edition of kaiser apart with me max kaiser and stacey everett like to thank our guests. switzerland dot com if you want to reach us on twitter it's kaiser important to like signed by.

the star just one magic bullet you could actually come up with some of the top of his baby bond talk about ways we get access to capital and capitalism couples important so we could actually have programs that actually help folks who want to do that but when you give everybody a $1000.00 i'm a poor person i'm going to consume that and then you're rich you're going to invest that. the wealth the spirit is going to grow because you're not using your money to do it consume you're literally buying more crazy things and then my landlord knowing that i got a $1000.00 you just go raise my writ so then you get your inflation going on and there. are no offense be you no longer a young woman in fact you're one of the last living survivors of the nazi. i'm aware of it. well you know i. mean you can never

forget munich i know auschwitz was really like to be in the hell close you would never believe it want to do to as an operating cost free with 3 cheers and most of the. river of it it all seems so logical for the side to make it to work when i get out the farm saw you i'm going to take my songs were next to you so you can listen and hopefully bless her.

the pentagon rocks to accusations that washington has routinely lied about america's longest war made by the top u.s. official overseeing afghanistan's reconstruction. russian programmer alexander vinick arrested in greece on washington's request writes a plea for help saying he has been tortured and refused the most basic rights. in dramatic scenes the french president is rushed out of a paris leader under a hail of boos as furious protesters chanting resign try to confront him. and russia marks 77 years since the breaking of the siege of leningrad one of world war 2.