and the numbers are meaningless so if the unemployment rate is 15 percent 20 percent 30 percent it's kind of meaningless because these are mostly gig jobs anyway that don't pay enough to survive on you need $2.00 or 3 of these jobs and the whole problem is not work because workers on needed taxes are on needed and earnings for corporations are also unneeded they don't need any of that stuff if i can just call up the european central bank and say hello ira age tall moet hennessy i'd like to buy tiffany's and i don't want to pay anybody for it i want you to give me the money european central bank i want it if you get for me you and all the people you represent in the e.c.b. and he goes yes sir but here it is we're going to wire the money right away and they give to this guy lew even it's all. say they gifted him to fany as a gift from europeans so look it up you know this is that i think some slop working at mcdonald's is going to be able to call a p.c.b. and say. he didn't. know that's likely to work as

a i have no idea why he did that in a british accent it was in fact a french guy pinto who receive that money are are no that was kind of the peak of that era so here we have this great depression looking numbers and the unemployment numbers and bank of america sees 15.6 percent unemployment so that that system is looking degraded and sick and in fact sick isn't the 1st words here of this tweet does this chart make anyone else sick fed balance sheet rockets up corporate earnings going straight down further evidence we don't live in a capitalistic society at last for decades of extreme leverage to conceal declining productivity to enrich a small elite on full display so as we've been covering here on the ties reports earnings have been declining for years now but to spend made up for by on the one hand stock buybacks where the shareholders are losing basically in the. company is

losing because it's losing its cast its axis of cash it's taking its cast off its balance sheet and turning it into free money for the corporate elite at the company and thus basically ravaging their balance sheets and we see that now because they've spent hundreds of billions of dollars in the past few years and now they're requiring trillions of dollars of bailout in fact they've spent over 4 charlie in the last 5 years on back on stock buybacks and now they require a bailout for that amount but also the fed money printing has caused the inflation which causes their stock price to rise so he's covering up this huge decline in earnings and do they have big point arrangements are the c.e.o.'s of these companies including warren buffett are they just doing something that's patently moronically to destroy themselves and their country and the economy and figure out money or the big question protocol which i believe is software and is part of the seti project from the 1990 s. the search for extraterrestrial intelligence remember was the 1st parallel

massively parallel computer project that went out there looking for other forms of consciousness that work because it gave birth to be a coin in 2009 as part of the seti project and we have alien intelligence reaching out to our global unconscious and destroying people like warren buffett on the unconscious level who is actively. pursuing the money delusion and the happening is coming in may and it's the quantum pardoning event and we're entering the big question singularity in 2020 or entering the bitcoin singularity in the 2nd quarter of 2020 well speaking of that. signaled to the audience what's coming next and this tweet from adam back big question having is quantitative hardening fiat's undergoing lots of politically driven quantitative easing quite supply algorithm starts quantitative hardening next month as we've mentioned many times over the past few years we're entering the 4th turning these

are big seismic shifts of like collapses of empires and the rise of new powers the end of a powerful generation on the boomers more powerful simply through sheer numbers we have these new generations of millennia coming on who are bigger than the generation before them of boomers and x. that everybody forgets but nevertheless we have these seismic shifts coming up radical shift and the end of a fear out regime and the emergence of something new will have to replace it it's a hardening that will happen and we'll see what happens there because it is absolute scarcity which is before bit coin unknown but you don't have that with gold gold is you never know i mean there's always new supply of gold and they could start mining gold from asteroids or from seawater and that's not absolute scarcity because it is awful and scarcely that you can use as the hardest money ever known and humanity and that means that you have the possibility to absolutely transition

the global consciousness from being buried under an egocentric consciousness driven . parade of hugo maniacs and plunderers like are no l b m h or jamie diamond or lloyd blankfein to a sente and consciousness around altruism and love i mean this is the ushering in of the law is the coin transformation singularity will you talk about that may still and i said that that was sort of a signal to for the end of that regime the other thing that we've seen over the past. 10 years has been fracking that was also a real substance you can't have g.d.p. growth you can't have an economy without energy you need energy as an input to develop goods and services around the world and yet here something real met the enormity of the fake mass right the end of its regime where. it never made

money ok fracking never ever made money and wasn't making money at $100.00 a barrel it certainly wasn't making money at $10.00 a barrel you're starting to see companies like whiting huge fracking outfits go bust so you're starting to see that but the other number that was interesting is you know people kept pouring money into it like investors kept pouring money into it even though it was never making money that you know it was a black hole just a collapsing black hole of oily debt and you know ever increasing amount of people willing to invest in it but. the demand for oil is now down 25 percent in the past month so just like unemployment numbers shooting out we see that a collapse in the demand for oil 20 down 25 percent and yet those factors because they keep needed to make their interest payments on their bond payments you know

they like pumping in function from thing all the way down and you know that the people at the pipeline in the pipelines and the tanks are saying stuff. off enough your mo is telling them enough yeah the fractures are able to beat a dead horse more even than hillary clinton messed up and they are as we've said on the show for many years people say you know i hear what you're saying on the kaiser report and sometimes it seems the one step removed from what i could what i would conceive as being a practical day to day knowledge that i could use but look at the fracking story we've been covering now for almost 10 years we've said for 10 years a it costs more energy to go in then you get out and it cost more cash that goes in the come out it's cash flow negative and that it's only there to generate fees for the bond sellers who work on wall street to perpetrate this massive fraud called american shale industry we've been saying that for 10 years now the reality of that delusion is hitting home and but for anyone who surprised by this are losing money

on this it's too bad on them because we were very explicit in explaining to them that to invest in fracking at any point over the last 10 years would be like picking hillary clinton to win the next presidential election this was only possible in that old regime we are exiting the easy money regime and we're entering a hardening regime because this everything is chains nothing can ever be the same so that sort of fantasy that remember those headlines unlike newsweek or time magazine saying we're the you know we're better thing bigger than saudi arabia of oil and the fact is we were. never it was all a fantasy it was a fiction it was a hollywood film because if we could crumble like that and disintegrate into dust in the texas desert at that at the cost of you know once oil goes under $20.00 and speaking of hollywood that takes me to the whole thing not the having this is the

holding. box office in hollywood the domestic box office movie theaters brought in a whopping $5179.00 for the week of march 20th to the $26.00 down 100 percent from 2 into 4000000 193406 the same week the year ago those numbers are just incredible he says hollywood films are like fracking it's been around for a 100 years and it's all been a losing business for the films in the studios are the box office is a loss leader they don't make money cars fraud it's just like you were saying there with all the l.v.i. mates and then getting ready for there was an iran there was hollywood accounting that's what they called the enron accounting is about a fact when i worked in i was stock exchange the executive who came to work for me at a show sachs was going to go to enron but then enron went to 0 and then he was working at sony television it was going to go to enron because they were working on the fantasy that was their business model is that he came to the hollywood stock

exchange right andy all right we're going to take a break and when we come back much more coming your way. what is the difference between embarrassing gaps in elder abuse joe biden certainly excels at the former and maybe is the victim of the latter we are told mention of mental health limits to what degree is the public the right. in this community there are people who believe that it's ok. it's really hard there are no jobs and you see the kids. and as a parent. i can come up with arguments and there's

a lot of conflict within the game and between the teams most of the conflict i would say. is made. close one on each other and it's. this good business the state of california makes $6000000000.00 a year of the prison complex just to get some $25.00 where. you don't care. anything. because the swarms of the blue of them so much. good your school or local was before. much of those who heard the preview or most few other movies to see him win or lose your school who will. move the bulk move when it. looks like you just look beautiful little

i mean it's been a look or a good. move muslim also these girls will give you forms for good girls. the british will say look look your simu believes this will be stored lived or you should go. to start ups to prove it to me to fill it with the littlest dates to look at is it. just the schneiders test or just new it's the mashed old trick to stop the president on the screen trying to project until. the 3 of producers divorced in this were to snap at them with a new look because the rest of the girls are with you sir your supporters to your ship station shouldn't feel you should cook door for one whose job is the request to.

we're going to. welcome back to the kaiser report i'm max kaiser time now to go to the 1st and the best says tony 11 the finest investment banking in bed cohen and krypto from back to the future simon dixon simon welcome back thanks for having me in these troubled times so simon dixon we are seeing trillions upon trillions of bell out money and quantitative easing being thrown around what sort of money is being printed what sort of that not being printed and who will benefit most because everyone same preoccupied with the health crisis right now and you know people have got other things on their minds and it's you know every once in old people are in suits situations of desperate need at the moment and the government is for ever cynical addicts and i guess they have no choice but to throw everything they've

costs but at some point the slow slog and the financial crisis is going to become a reality often we get 3 themselves crisis ringback and so what we're seeing right now is in other times of crisis for example the american civil war government simply printed new money called the greenback which is essentially debt free money that was introduced into the economy it's but what we're seeing right now is that the government is using quantitative easing where essentially the central bank is buying government debt and then that government debt is going to be used for all the different packages that it needs but together including helical to money it's really why did they need to already gotten the 1st place and why couldn't they just introduce that we're getting lots of interesting questions they were debating whether accounts for these individuals were going to actually be created it's directly at the said giving individuals the ability to have a shared account which really got

a lot of pushback from all of this the banking community that would much rather be speaker. because in the normal way it's missed as usual with the bank in the middle so the flow of farms are going to really unquestionably have so many consequence is especially as we enter into the inevitable financial crisis after we get through this health crisis challenge the other question people always had about the dollar or anything money starting back in 1981 when the world went on a pure feel money standard for the 1st time in history the question was always well what backs to see money and we hear from policymakers a lot of convoluted theories about economics schools and policies now and 20 and 20 we know that nothing backs the greenbacks they the money it's just printed out of thin air like many of us have been saying for years now the stone longer an allegation or a theory it's obviously true one big question people are asking is well now that we

know that the money is simply printed out of thin air backed by nothing why do we pay taxes at all simon dixon this is a question that's stopping people to rise up and as such a lot of social unrest out there because people realize that taxes are a scam that this that there's nothing backing this money and so why not why the why even collect taxes simon dixon well this is going to lead to outrage questioning everything so this is really i don't want to be practical but this is a global recession and the financial system as a result close so much happening as a result you know people are going to be asking questions that they are not necessarily all for even the government and ask the question of why do we need to order it through the bull market i'm shocked that in france since these repayments when we couldn't just great to get direct without the federal reserve in the middle individuals are going to be asking the question well you know why all the accidents in the summer is when we can see that the government's going to. have to bail out

anyway individuals are also going to be asking the question which is what next. it leads to the financial crisis all while when i get my fellow called kimani and i've got my income right now the last thing i want to do is use that to pay my mortgage in a time when i probably call the repossessed so people are going to be thinking oh paranoid and there were personal situation and conservancy and conserving. and that inevitability to mask the false and the bogus fall in old ages which then leads to the plot so that fractional reserve banking system and then inevitably which i'm full costing will be the central bank all the governments creating their own digital currency and essentially allowing banks to go off without people using that money by giving them the ability to open the wallet with the central bank if they have $10000.00 in their accounts they then can it but not with the central banks

and i think they're going to see a ruined from central banks on traditional vines as we inevitably experience the john norman consequences of essentially the world's largest rate it's a ponzi scheme that we've seen in all of us part are actually in banking you have a background in banking you've been a big coin in crypto banker since 2011 you wrote the book bank for the future and you outlined a lot of these issues with banks and i've been studying money for decades now i want to ask you a theoretical question and get your thoughts in my view as as you describe the situation with all this money printing and debt monetization and the government in the central bank taking control of the majority of the sovereign bond market the miss the majority of the corporate bond market the majority of the mortgage backed security market and the majority of the stock market are we not setting ourselves up for what you might some might call like neo feudalism where you've got

a few central authorities with 99.8 percent of all stocks and bonds in. stands and then everyone else is living like a peasant so you just have peasants and lords i mean i mean think about that press i cannot move on and i asked my other question so the big coin having arrived next month simon decks and some call it quantitative tightening its block will be reduced to 6 the quarter bit coin from 12 and a half that coin and rewards tell us what you expect from us on it so we're going to see exceed say it's economy it's just what we're experiencing right now we're seeing and what will control it something that looks increasingly more like communism from traditional c.s. money as the government is essentially leveraging mees these assets and balance sheets in order to actually achieve doing all the well it's assets and it's you know in in in this situation i don't seem to have any other choice so essentially we're going to see it seated on a b. i mean that's just navigable that people are going to need to get vaccines when

that comes free that might also lead to are excited to chip in on science and implements it so that the government can contract and control is allowed out of their houses and all these schemes that are going to happen as a result of this this house crisis which is going to be integrated into central bank digital currency where governments around the world are going to be scrambling fights and claim that you should be paying that tax because you live in one country if you didn't deal and believe in another country and 2 governments believe that they should be what's a massive collecting tatts all not money so you're going to end up with a very very horrible worst bushin will see a current seats of the $1.00 that we have now created 3 banks as debt on the flip side you've got bitcoin which is a 6 money supply the ability to own your own money the ability to spend your own money and a money tree policy that can never change based upon mat's and so people are going

to have these choices as she and currency gets worse and. but oversea has that stability in a very unstable malkuth like today house you spend good but people are going to be you've got these opus effects where people are going to be experiencing well when the government make actually because it might contain the virus. how is that going with sex that i can't control my money that's going to be done. and you know people are going to be able to control us these effects when they try and send it to would be queen exchange and the bank says you can't send it people are going to look at its lowest point you know crack it at a 98 percent increase in u.s.d. to their exchange because people accessing spirits and putting that in point and this is exactly what bitcoin was designed for to give people disputed economy as fear currency exercises more and more incidents of control and highlights the flaws

in fear currency that people can experience between which is the exact opposite effect well some of the challenges that we experience in the cd it's interesting that big coin and one of the layers in the stack of the bitcoin protocol is the game theory layer so the incentives are so finely balanced in the protocol that this very elegant game theory of merges and we've seen it jump from the minor players from 10 years ago that to the to the mind to the countries on a sovereign level the miners in different countries were dominating mining for a while then that shifted back and forth different countries now as we head into may of 2020 and you have a full on global fear of currency a nightmare and the big calling is happening it seems as though the bitcoin is almost self-aware to some degree and that it's happening exactly at the right moment to game fear theoretically attack fear like it's almost as if it was

born to it to go to war with on the highest possible level on the sovereign level so lay the samata but you're suggesting that. the central banks the world they go digital as a way to exert more control and you're saying as such places a model of communism. or a soviet ization of the global economy total top down control b.s. of a digital current say what's opens up the possibility of multiple regions taxing people from different countries which is another nightmare concurrently because i takes a quantum leap through the having it's already the hardest money ever known to humanity and to own it is an act of civil disobedience would you agree that owning big going and buying because it is equivalent to civil disobedience i meant well really if so that is it from the traditional financial system on my youtube channel

about 2010 like rates of the baby of the great depression of 2020 i'm ready i was just following the trends that the current see is a ponzi scheme and then what's in it inevitably and saw in this market now i didn't know what the effect would be that would actually do that would expose the weakness in the traditional financial system but i said it will be a black swan event and it will expose the systemic risk in the financial system now obviously that was a financial crisis and they used financial engineering you know it's a crazy law just you know we've been incredible all market was 105 for cases upon financial engineering injecting money market i don't say fine because it was full of the video i think like crazy it was just around the exact same question before. we 1st met at that conference in prague whenever. i'm really

these were the conversations that were being there is going to apply in the place in the world where people need an exit from the traditional financial system and to me i see this. as really and and a force that the old is actually going to meet as something that actually gives people the choice they meet you know all just the big point is not good for pena or what price fluctuations but you know to be given a world where are these types of all its infancy and or is fluctuations of becoming inevitable ever. in a world so you know do you reinvents like that and that it's for inflation as you have to result in this and you're going to need to reset the financial system and use financial engineering that will never. a more controlled. money and a wall that we're not used to getting

a good point about the volatility everyone was complaining about bitcoin volatility in the stock market said hey hold my beer all right so simon dixon thanks for being on the kaiser report thanks for having me max that's going to do it for this edition of the kaiser report was made max kaiser and stays there for well i think our guest simon dick sands c.e.o. and co-founder of bank to the future if you want to contact us on twitter it's kaiser report until next time i go. to the. inner. in this community there are people who believe that it's ok. 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 teams most of the conflicts i would say. and most of them is made. close one on the children's cosimo each other is good because the state of california makes $6000000000.00 a year off to prison complexes to get some 20 a life where. you don't care anymore nobody cares about your so your care might anything. is your media a reflection of reality. in a world transformed. what will make you feel safe from.

tyson nation full community. are you going the right way or are you being led. direct. what is truth what is faith. in the world corrupted you need to descend. to join us in the depths. aura made in the shallowness. humanity is on the edge of a precipice thanks to continuing destruction of the natural world. you just seem laid out a lot of bills also. losing much of a later period of. less

than nothing you can hold up. i think that all of the war. or the. dealing in the muslim lands as a little boy can sit around and stuff and. shit the same thing that disables the movement. human activity has brought us to the brink of the world's 6th major extinction event and the people in this film just come take it anymore. what is the difference between embarrassing elder abuse joe biden certainly excels at the former and maybe is the victim of the latter we are told mention of mental

health is off limits to what degree is the public the right to know. british prime minister boris johnson is in intensive care 11 days after falling sick with corona virus the foreign secretary is taking over his duties. the world health organization marks 72 years since it was founded the w.h.o. representative to russia spoke to us about the global effort to overcome the pandemic. the epidemic does not have a life of it so people can change it and this is the critical moment. when the couple in their eighty's keep the romance alive through the lock down despite being separated by the german danish border we bring you the story.