extend more widely and see if the successful results in these 10 forces is replicated then i think i'd be very happy with it but i do those points i mentioned earlier i think that's a fair question about whether i think the offender should be required to admit guilt and i think there also needs to be some kind of system where the victim very much is involved in the process where the the perpetrator hears the pain the victim and suffered and understands the consequences of his or her actions and also where appropriate does some kind of restore to compensation to the victim or to a particular community or charity i think paying back to society is something we ought to ask of those who commit criminal offenses gentleman really appreciate your time andre walker political commentator human rights activist peter touched some great points i thank you. and i bob set up more for you and.

you are no offense but you no longer a young woman in fact you are one of the last living survivors of the nazi else asked i'm aware of it. and. reject all you like. you can never forget maybe you can now auschwitz was really like to be inhaled because you would never believe it want to go to as a copy of a course for 32 years of filth and be. heard of it it all seems so logical for why you decide to make it right when i get out on the farm saw you don't want to take my song to their next meal so he can listen and hopefully bless my heart hurts me.

max 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 kaiser 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 our 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 we're. really how the world works and how the american empire works and how the empire of debt some of called it works it all clears to the new york fed and so these countries in the middle east can throw 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 that's 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. yes you have no sovereign rights unless you cut in as the middleman where the middleman you have to we have to approve of everything so that is why we talk about bitcoin and this is an exact lesson and 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 the 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. or 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 to 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 men ok and he said they would owe him $30000000000.00 in total if they 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 seize the 3000000000 and slap him with a invoice for 30000000000 like develop 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 affairs at 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 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 massively the operative word is all. be they roman napoleonic british or soviet all or 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 and africa it was defeated by them the us has claimed the right to intervene in theatres 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 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 deplete deplete their power via hubris they all get this point they all get this thing of like you can't you see 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 present 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 has 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 it no napoleon every everyone seems like that until they don't and suddenly it's usually suddenly and then all the 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 by 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 activists 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. action 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 now it's not it's a rounding error is nobody needs that money well these 2 are required just like the taxes make it feel real so if you didn't have to pay taxes be like it's all a monopoly game but it feels real especially if you might face 1020 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 this then money is not go doesn't go toward increasing the wealth of the nation it goes toward increasing the incarceration of a nation that's pretty much one time in the beginning you tops of the world as 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. you are no offense but you no longer a young woman in fact you are one of the last living survivors of the nazi. and i'm aware of it. all your life. you can never forget. now. was it really like to be inhaled you would never believe. you as of. course for 32 years of the birth of it.

when i get out on the farms on your. next place and hopefully bless her. welcome back to the kaiser report imax guys are 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 state a 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 once the deck was a decade the world managed to artificially all the world's central banks to

artificially. patients who vied 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 twenty's 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 don't see these bubbles last in 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 to 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 you 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 would this and any time soon a gun 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 broke 2006 when the grocery store to world global debt was

125 trillion since then another 140 trillion has been printed so we are around 20665 through 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 to the stock market is not going into the real economy so then manufacture. fake money and created fake well now i'll long 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 include 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 big

stream evaluable are just what these yesterday. you know you are looking at a massive negative divergence on the new highs and the down 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 for it is likely to sometime in the near term future i don't think that central banks can continue the game of fake money and 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 to the same fate 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 are supposed to be 33000000000 workers in the world today and they're . over 2 years it was the money printing that we have seen says 2006 so the world has just created 2 years of output by printing money and that's why i'm saying that is not sustainable that doesn't mean that you fundamentally there will collapse today or tomorrow but technically in my view markets looks extremely vulnerable and on the timing. the cycle center of that i look at we could have. top in the

market at any time now and starting a downturn whether the downturn will be slow initially or way whether it will start with a crash it doesn't matter risk is at a maximum and from our point to our company we look at risk we don't look at the final final rise in the market and try to catch that we look at protect in the downs of because the upside is maybe a few percent the downside is 95 percent in my view i think that go you know if we measure the stock market against real money which is gold course. we are going to see the dow for example or the s. and p. for home around 95 percent at least against gold him and that's not that would only take it down to the level of one. in the walls one doubt equals one gold just like he was in or one ounce of gold just like it was in 1980 when gold was 850 and the dow's a 50 that was

a racial $1.00 to $1.00 also of the of the dow gold ration 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 fall of 95 percent of the dow against real money go and i think that's going to happen now i can't say exactly how and when but i think the risk is there today and i think people should be protected today called out of view. 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 since 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 one cent it's 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 more of these situations like 1999 where you do see a final of 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 can extend. and we everything is possible but you know you have to remember max that the nasdaq is up 7 times is 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'd be i can't say 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. who's investing the most people who will hang on just like they did in 2000 to 2000 to when the nasdaq fell 90 over 90 percent so i eat up people who now hang on i think they're going to lose the biggest part of their fortune or at least a fortune on the well that they haven't 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 rats 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 it's 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 quarterly chart yesterday and the dow's goal 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 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 is just 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 as. 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 that all of that money all of those bad news i just going to disappear out of the market and it will be sad for a lot of investors and they'll be in much the well destruction i'm not a pessimist just reading risk and i'm just reading the markets and it's inevitable that this will happen in my view this moving average of the sea days fast ending i think we should talk about that and next segment if you can stay with us well do

another segment and that's going to do it for this edition of kaiser a par with me max kaiser and stacey everett like to thank our guests. what's all in dot com if you want to reach us on twitter it's kaiser report until next time buy. the stock just one magic bullet you could actually come up with some of the top of these baby bonds talking about ways we get access capital in capitalism cavil's 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 if 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 in their family.

scenes the french president is washed. out of a parish there is a under hail of booze furious protesters chanting chants mccraw in the crowd resigned trying to confront him. russian computer program arrested in greece that washington's request pleas for help claiming he's been tortured and denied his basic rights. are gone rejects accusations washington routinely lied about america's longest war made by the top u.s. official overseeing afghanistan's reconstruction. and russian mark seventy's that.