and. to join us in the debt. or remain in the shallows. hi i'm max kaiser this is the kaiser report hey you know a lot of people are just running around crazily riding all kinds of nutty stuff the question is is this all prophecy is it all basically been you know 4 or 4 day and it's not a word ordained but it foretold or day and here on this show we pretty much told you all this was going to happen years ago right stacy well i want to look at a few different you know themes going forward and theories that have been long

present and that could explain this what we're seeing in the world over the past 1020 years and that is you have the 3 cities trap and we see that with this growing tension between the united states and china and the fact that we outsource all our jobs to china and the 3 cities trap is the tension that arises when a rise in power is about to usurp a declining power so we do see that around the world but at the same time just as like nobody the power whoever is the power the alpha super super imperial power they don't want to give up their power who wants to give up power right the same with on a generational scale we're seeing so you're seeing what is called the 4th turning and this was written about back in 1901 they predicted actually in this theory that in the year 2020 that would be the year where it all adds together and they didn't even warn of this other bigger 4th turning coming with a 3 cities trap but here we have the generations e.

and the end of the millennial displacing boomers boomers don't want to give up their power and they certainly don't want to give up their 3rd element exorbitant privilege member is the boomers who have more than any other generation really. lived off that exorbitant privilege of a total fiasco world based on the u.s. dollar so i think these are the 3 ingredients coming together you know this is our theory like looking at these 3 theories together and perhaps this could explain right well you know so things go in cycles right things go in seasons we're familiar with the seasons and then there are the cycles there as they can recall cycle as a 60 year cycle in economics there's the boom and bust cycle there's the 4th turning right so this is a book about cycles in american history that are roughly 70 years and lank the 80 years in length and that this 4th turning would be the beginning of a chaotic to mulch us period and it was foretold that in 2020 this would kick in so

it was predicted and you know we on this show if i'm talking about why in 2020 was beat cycle b. 10 to 12 years from 2008 because in 2008 there was the global financial crisis and the solution was not to reform the banking system to stop the crisis from repeating again the solution was here's a bigger credit line to the worst banks in america to do the same thing but much worse and we said we predicted within 10 to 12 years there would be a repeat of the 2008 crisis but much bigger in a much bigger scale so it's exactly what's happening now so whether it's the kaiser report banking crisis cycle the 4th turning the business cycle the seasons you know cycles repeat as lenny bruce once said the famous comedian from the 1950 s. and sixty's the earth is round man. right so ok the 4th

turning according to william strauss and neil how who wrote this book back in 1901 when they were looking at these 80 year cycles that's 4 generations that started actually in 1000 in 2005 the 3rd turning ended in 2005 so i remember from 2005 was the beginning of this financial weight this crisis this nonstop crisis because that's when all that subprime mortgage fraud was happening and the packaging of that into fraudulent debts that were sold around the world that was the beginning of it so it always ends up in a huge explosive peak like in the one $940.00 s. we know world war 2 that was the end of a 4th turning so they were predicting from about 2020 to 2025 there would be this the explosive end of this but you know so i'm looking at all of these ingredients and these 2 things they say these trav and the 4th turning and the exorbitant privilege and ng and we saw that happen in 2020 when we saw the u.s.

when oil prices went negative that's the end of the petro dollar system so i want to look at what the mainstream media and how they're presenting the tom alter that is happening joe wiesenthal at bloomberg said still i think about the tweet i saw this weekend someone claiming and ironically that the reason people were protesting is cause the fed bought 900000 shares of the j. and k. e.t.f. these are the junk bond e.t.f. and he's doing and mocking the idea that the fed intervening in the markets and who holds these junk bond e.t.f. who is he bail out who is the fed bailing out that this exorbitant privilege that is not * understood by the masses that there's a select group of people who could make bad mistakes you bought this junk it was about to go bust you got bailed out the people on the street there's still people who have not received their unemployment benefits 2 or 3 months later into this crisis so you have those bankers immediately bill that it's. bed money gets

deposited in their bank account but a lot of people are still waiting for their bailout funds this is an example of gaslighting right so joe isn't all bloomberg you know he's their official gas lighter in chief right so he takes that obvious connection that the people are protesting because of the as an enormous fast billions and trillions of dollars and the role of the fed that plays in this transference of wealth and then injustice the injustice right anything any trying to is trying to claim that no you're the insane one right this is what the gaslight are they try to claim that now what you're seeing you're off don't believe your eyes don't believe your ears you know you're crazy right so that's his job in a case he makes money as a gaslight are ok i get it but people should understand that what he's saying is patently false there is a connection i think it's also i think it's it's he could just be

a marie antoinette like figure and he'd he's not like intentionally gasoline isn't taunting anybody he genuinely is part he's lived in manhattan he's from bloomberg multi-billionaire enterprise you know that he can only see what he you know all his friends marie antoinette's friends were nice and kind and they they were well meaning and had good manners and they spoke well and they read well and they understood beauty and what you know let's just give these peasants brioche if they're so angry the area saying in terms of joe that maybe he is just genuinely misinformed on this topic but if you look at what he does over there at bloomberg is that every single time something comes up to challenge the status quo like bitcoin when i told joe isn't all the 5 bitcoin under $10.00 he started gaslighting immediately ok let's move back to this he said it is trapped in the 4th turning because this is the way bigger story here and and they exorbitant privilege that went in this generational shift here because the federal reserve balance sheet could reach 9. trillion dollars this is according to the financial times again just

like bloomberg so this is the world they know and understand and they have they have received privilege from it so you see again from the beginning with the 4th turning 2007 barely anything on the fed's balance sheet then the crisis hit in 2008 and you see the injustice of bankers getting bailed out the rest of the economy getting nothing and now we're up here we've just soared to 7 trillion and they're expecting it to soar by another 2 trillion so within this theme of a generational battle versus. geo political battle between a rising power and a falling power and the exorbitant privilege of the u.s. dollar which has maintained these in the power structure as it is that's disintegrating in my opinion and that's the biggest story in my opinion right wrong ok so they say ok go to 9 trillion now when i was i to try and not too long ago we

said they're going to follow japan's footsteps and it's going to be 100 percent g.d.p. on the fed's balance sheet so this idea that it could go to 9 trillion we know almost without doubt that it's going to over 20 trillion it's going to go to $2325.00 trillion and higher we know that right now that's not even the effort to bait and why because in 2008 the economy died and the only thing left was to print money and to support the. continuing our class the only play left is to buy their stocks for them that's it that's all we got left so again the 4th turning started in 2005 this is the rise of a new generation the millennial is and now and what happened from there you could see it in that onion headline mocking these looters protesters criticized for looting business without forming private equity firm 1st so this 200-5220

twentieth's so far these past 15 years we've seen that absolute plunder as a business everywhere you look private equity we started with that we talked about that recently then you saw the share buybacks plunder plunder plunder plunder derivatives explosion plunder plunder plunder plunder and that's you know whether they knew it like logically and they were thinking about this or it was just an instinct for their generation is they knew it was coming to an end and it was like plunder as fast as possible take all the privilege that we have as a boomer generation that had the largest voting bloc like take that plunge our fastest possible always tough time right and as i say this was triggered in large part by 911 right so in 911 happened we saw an enormous acceleration of the plundering because the continuing heirs the top 110th of one percent got really scared and as they pulled money out they want offshore with that $2530.00 trillion dollar pool that's managed by the 4 big accounting firms including k p m g and

others we saw a need for the them to money supply to ratchet up rapidly because a lot of that was being stolen out of the system siphoned out of the system and then when they did this to money expansion and they balance sheet of the federal reserve expanded so rapidly what they did was to appease their. sponsors over there and the container class they bought their stock for them and they put on the balance sheet of the fed and while the supply went out. what did the velocity of money do crash since 2000 and we've shown this chart just reese. only in the last 2 weeks and that was courting effect the play how does joe weighs a ball explain the philosophy of money crashing joe weighs a ball problem. because he's gaslighting i mean if he were just just look at 2 plus 2 equals 4 you know that would be like beyond his comprehension like oh my god you're trying to distort reality all right we're going to take

a break and when we come back much more coming your way. you can't be both with yeah you want. according to several sources felice in the united states kills from 2 to 4 people every day. had his hands.

with. one of my being arrested for a response from me and. it's just their little. establish they developed just us against them and. how long police are 2525. or have to shoot someone oh do you know. there is a corruption inside of the police well they think. welcome back to the kaiser report on max keiser time now to turn to gave or girl back sees digital assets strategist and director at van m. v.

i s an investment management company well known for its e.t.s. sole disclosure i happen to own some of these vanek e.t.f. including g.d. x. and r s k gabber welcome all thanks for having me good to hang out with the kaiser's because a sukkah sound than ak is most known for these e.t.f. exchange traded funds briefly explain what an e.t.f. is to the audience and how they 1st came about if you ask me 16 straight it's so basically a fund that is traded on the exchange like a stock traditionally mutual funds have only traded at the end of the day but introduction of yes in the early truth you can start trading funds are gold because multiples securities underlying like stock stocks intraday so you could express your opinion on the market the sector a country or a commodity primogeniture day in real time and this made it very convenient for

investors to trade unregulated brokerages with real time data and low costs now vanek created america's 1st gold fund back in 1968 when the company rightly predicted inflationary pressures coming as the us spiraled toward abandoning the gold standard what is the case today for owning gold in the world of bitcoin when i can be it was one of the companies that correctly identified the coming inflation and re actually in fact identify trends that likely create impact for investment opportunities and that was a big old one in 96 paid by joe and john back and were also there on their rare early firms who provided access to international markets and so the base case. or them best case that i think that's important for gore this is the largest safe haven assets today a trillion dollars rarely could market central banks or own gold and there are tons of sequels and the in the markets like exchange traded funds mutual funds that

offer exposure to gold and gold equities so today and the institutional investors that really see are still making gold overpeck corn as it's a liquid and large marketplace establishment struggle it in a way that's liquid in a way that investors prefer although i think the quinta have a chance to become the joke or that's something on the path to just do that large institutional or large. brokerages and money managers like van act and others you know i remember back when i was working on wall street the 1980 s. . you know we we were dealing with the band act all the time and us got a great reputation but you know the types of organizations are not necessarily known to being on the leading edge of finance innovation and yet vanek would just

jump right in the big coin pull right away kudos for that and i think it served you guys very very well you have recently been quoted big coing is a nonviolent revolution against central bank monetary control tell us more. you know i do do things in a central banking activity has particularly 'd after the 2008 financial crisis and there is trillions of dollars printed out of an era and the average investor doesn't have any control over this process or saying that and my belief is that the average person should have some say so the only way to express an opinion that's true investing. and that's why i think a big corn and gold are similarly and non-sovereign issued and non government created 'd currencies and it is a revolution that climate as investors and people can generally use to express

their opinion. again i think central banking has gone too far and in depreciating currencies and making decisions on behalf of people and there's no way to opt out except through these currencies that are not directly regulated by some banks and i think there's more there are millions of people that have an interest in you know non-sovereign issues currencies and it's not necessarily because they don't appreciate government and new forms of governance it's just because they're the value of dollars and currencies are the preceding in our pocket so they had against us kind of the appreciation for looking them best in the markets and and. i think you know bricklin is one of those instruments that has emerged as a potential store of value and gold obviously is auctioning non-sovereign the shoe store about and frankly i think. the fact i think if you look at the history of

central banks central banks are buying gold around a role 'd hedge against themselves. they claim being another alternative is actually very positive for everyone including banks play to me now works over there vanek because you've got of course maybe some different camps different ways of thinking because sensed a recent crash in the stock market and the shoes bounce back in stock what we know is that it's almost entirely driven by central bank money printing the fundamentals of harm and yet stocks are going higher thanks to the fed buying stocks the fed is actually buying e.t.s. right when i said there would be no stock market rally at all they're the only as a matter of. they outbid warren buffett for ally in stocks that's why he didn't buy any airline stock because the fat outbid him to buy airline stocks so within the vanek community is there 2 separate camps think because yes you're talking about

a nonviolent revolution against central bank monetary control meanwhile there's other funds in the vanek umbrella of funds that are participating directly in the central bank monetary control what's going on over there anything so i mean obviously they are on a firm have many act different activities of the firm managers and you know my journal there is that people should invest in the stock markets and should participate in the comic anomic reality and they should have some reasonable exposure to stocks bonds and whatever is available out there at all so i emphasize and this is what the financial service community happens to forget that it's good that has 1st and there has been things can go wrong and that's why now it is my responsibility to add the view into gold is important because it is important watch out for inflation while they are in a deflationary environment that is you know the real cost of living in the top 50 u.s. cities and increasing 10 percent a year so these are the you know and every company there are managers for instance

like myself that tried to call attention to catastrophic scenarios like central bank failures extreme inflation and the valuation of investment banks happens fast in this market so i'm in the back and i'm in the camp. that warns others to compliment their portfolio but gold and the corn to prepare for a potentially catastrophic scenario and beyond that we offer exposure to different countries stocks russia vietnam into major interesting areas like east or 2 or investment bonds and everything like that but we also try to highlight the risk and risks in the system which we i think do more prominent way to many other asset management met. gers enhanced our efforts are and bold and and the best corn market helping hoping that one day people will be able to express european and trip it clean and fair enough now let's get into some nitty gritty here because there is no

bitcoin e.t.f. which is right surprising to me because there's obviously a huge market for this you know barry sobered over there at grey scale he is pulling in hundreds of millions of dollars a quarter right he's eating the fund industry's lunch he's making the e.t.f. industry look very slow and unresponsive to the public demand the public market why is there no big coin e.t.f. and there should be a because if you mention this many times obviously working with one that for years . from my bill my belief is the best plan brings that kind of structural benefits to the markets and. one of that as your daily proof of reserves transparent holdings prices property tax documents and intraday tradeable it even no lock outs and high premiums those are all the benefits that would help the average investor to access this market now liquid and regulated day and you know that as you know

there's literally the mission of regulators so i say that and they should actually approve a bit corny too. to allow people 'd there's kind of more like that and then transparent instruments regulators are dragging their feet as this is a new asset and while we know that the coin is more than 10 years old now and established in the grand scheme of things it's actually very limited and i'm a time when man i brought to market 1st gold equities and the 6th time it took time for us also to build their established country funds that are not were not favorable at the time so time to build a nice boards on so it just takes time for regulators understand this market though i do not believe that they are correct in their say. assman that there's more risk in manipal a sion and the coin than other markets i've written numerous studies and papers showing that they call in as just as good as market as gold and other commodities

are so eventually i think regulators will come around because they can is already ubiquitously available 'd on crypto exchanges and you know and random closed end funds and private because and the logical next step would be to really allow the corn to come if yes based and in fact you know the a.t.f. market has become a 6 trillion dollar industry in roughly 20 years i do think that the next phase. is he asked and the next great investment vehicle will have a go have something to do but the point and organization so as you know if you have 4 very small 20 years ago or and that 6 trillion dollars is my go to 20 trillion dollars in the next and years you know what's the next yeah and that investment structure is going to be brought about by beck when and organization and so this is very good that we're looking into this for the regulators right now and eventually

my hope is that they will 'd come around it's not you know the shortness of effort to bring about a break when e.t.f. we have been trying and and proper controls around the nickel it's just regulators haven't made up their mind the they usually take the time write love me and put pose a scenario you tell me if i'm being paranoid or not because the regulator say that one of the problems with the big coin e.t.f. is they don't have good prices scot free on these exchanges. and at the same time they're perfectly happy allowing an a.t.f. in the oil sector like it goes under the ticker symbol you ask and my question is are the regulators seemingly playing favorites here because obviously a big 20 t.f. if it's a threat to the industry that they regulate is that an issue in this case because this argument about x. your price discovery doesn't hold water it's obviously a red herring because if you can easily disprove that but am i being paranoid what

do you think they are absolutely correct there is a persistent double standard against the clinton digital assets which i think is wrong i've shown it again and them or start as public and private ones to regulators that the current price discovery is a session and in fact more efficient than some of the commodities that you mentioned the oil market and i think one of the solutions that we worked on is we have a german subsidiary called m b i asked fully regulated and accepted the area that actually became the largest crypto index provider so we actually built. we built regulated in the season that regulator started feeling better about that house price discovery so you know really work critic shane just to get the right that we showed to regulators that screen that. we showed that you know we do the same professional management. precautions that we do but equities and other afa classes as well and i think they're getting they had their understanding of the space so

a bit better i do not believe that pricing and price discovery is a big issue and track we have sold that a number of our clients on this such that there you have approved registered funds with the land canada and japan and like other places so this is i think it's important to know that global regulators have recognized that we have sold this problem and that and sooner know that red arrow later the u.s. regulators will recognize. all right gammer back from being on the kaiser report thank you for having me. and that's going to do it for this edition of for the cause report was made max keiser and stacy herbert want to thank our guest deborah girl backs if you like to reach us on twitter it's kaiser report the next time by all.

the spiral downwards depending on who you believe in the media the civil unrest in america is the result of systematic racism this explains protest and right to. the commanding heights controlling the financial system media and the business world are loath to admit it it's the economy stupid for them all these. millions of years of evolution to get to this place set of electability. it's become a mess. millions of years of work to give you a brain which functions with this many people believe the most human beings are suffering what is a magnificent machine human being to visit him an effective machine.

i don't have faith in the system. i'm just a broken system designed for people like. different people different reasons loss of job loss. most people in philadelphia are only a ballot 2 paychecks away from homeless it. unbelievable

. shocking. this is not a video game the average us citizen is over 10 times more likely to be killed by a police officer than by a terrorist. after witnessing a wave of police brutality that he has which appear on my news feed every day i decided to investigate the problem of police brutality in america. and united states police kill stupid people every day. and. these are the official numbers according to unofficial numbers the police chose for people the day. interests. the killing of people in this country has become a routine something normal it seems.