of them and white men the happened in france and in scotland but i thought this image of of lady liberty of the statue of liberty in this headline that i want to turn to from the daily mail trumps has new york has been lost to thaw and low life scum after looters ransacked 5th avenue and curfew is brought forward from 11 pm to 8 pm until end of week but cuomo end of last year still refuse to call in the national guard and as you can see there some looters on the front page and we've talked about the looters at the top from the very beginning the trillions and trillions of dollars being printed in the can't tell you in effect but here's lady liberty right there on the ground trinket probably made in china sold in times square and just as quite a fitting image for the rest of the stories we have to cover max oh absolutely the poem resonates with a double entendre with deep meaning with echoes of the past and people coming to america coming to me are coming to ellis island with dreams to brew the fruit be it

only to be stomped on and have their life choked out of them but you brutes did what's happening here in america of course yearning to breathe free is very important that this isn't a part of the problem right now and america is obviously we have the racism and the state power exercised through the police force which is and literally has the knee on the you know your boot on the neck of the populace obviously black americans are at the bottom of this but you know it is layers of this absence of being able to breathe 3 we see this or that injustice built into the system where there's a certain select group of people who do have privilege of course we are supposed to be you know a nation founded by these truths that are self evident that all men are created equal that may be true but if some are given privilege that negates all the equality that we have. earth michael hudson fed's 10 trillion dollars defense

assets of the rich so the fed has revived the stock market downturn he's referring to the stock market booming it comes up and what it said is folks you can bail out the stock market give us your junk bonds that's sort of like the statue of liberty for wealthy people give us your stocks sell us your bonds will buy them all up at federal reserve expense and will purchase them and we'll also do our own forward buying to manipulate the stock market by promising to buy our stock so the higher price in the forward market so that's going to create a speculative demand for stock so the speculative demand for stocks by federal reserve manipulation and the actual flow of funding money into the stock market from the government has been pushing it back up giving the illusion of prosperity at least for the 10 percent that's right the statue of liberty's on the floor of the new york stock exchange i'm a buyer a wire mopar all blue all booted all right so michael hudson has pointed out the federal reserve bank is buying everything i would equate the stock market say with

exit scam right so the temper sat on stocks of america are exiting america and they're taking all of the valuable assets with them and to fund that purchase the fed is giving them feelings of dollars of free money best the way we see it that's the way it's working and that explains the disconnect between valuations on most of the stocks in the s. and p. $500.00 and the fact that unemployment is skyrocketing there's riots on the street and all kinds of other things are cutting away at the viability of the united states economy doesn't matter because they've got the green light to see the richer seceding it's it's it's it's not right and yet that's what's happening well actually i want to say that this has happened throughout history and i think for me the united states most mimics but it mimics often like a lot of different empires that have fallen before it i think they spent 12 so far and this is part of that he said the strap of a great power not wanting another to rise compared to rome rome had the same situation the people inherited in the. amazing republic and flourishing powerful

nation that had our amazing architecture and building and thought and stuff like that and then it turned into a tawdry empire where the elite like just plundered the nation so the next bit from michael hudson's quote is a k. now we have a trickle down to the population where there ransacking you know the shops on 5th avenue but where did the ransacking start right and let's go back one step for the past 12 years this is something reporters talked about there is only one reason for a stock or bond price to go up michael hudson said and that's because of the flow of funds into the stock market what had been supporting the stock market for the last 12 years was very largely stock buybacks by companies using their revenue to sort of close down their business disk invest and buy their own stocks for at least keep the prices up well what's flowing into the markets right now this is something you've talked about

a lot that the stock buybacks is hollowing out that it's plundering the balance sheet of these companies of these publicly listed their public stocks the wealth of the nation as being plundered the last dregs of the exits down credit so they're getting challenges from the central bank i'm not reinvesting it in the in cap ex they're not re-investing it in wiring people they're not building plants they're buying back their own stock boost up the value their stock options and they're systematically going to just bolt that we'll hear from them anymore because they're leaving a caucus what we see on the streets of new york city is pretty much going to be the new normal the streets of new york ok let's continue with this sort of analogy looking at the symbolism of lady liberty and you know that lady liberty has that tort of course that torch used to be able to climb up to it but you haven't been able to go into that torch since july 1918 because of the blacked. explosion

black thomas a little artificial island just off of ellis island where the statue of liberty is and it was blown up by the germans in 1916 during world war one and because there was a munitions there and in fact one of the the boats ready to ship off with munitions to the allies and in europe was filled with munitions for russia that the united states the shipping but the explosion was so huge it was at the equivalent of a 5.0 richter scale earthquake in new york and was felt as far as way as philadelphia but remember that whole world war one that was the end of the last them pyar that was the end of the british empire they were fighting off the german rising power and the world was chaos for decades during that whole period but where did this looting start how did the looting start from the very very top because we've gone from the people looting the shops to the merchants essentially

looting their they've looted the wealth of the nation through stock buybacks but how did it all begin and you know with this transfer of power and wealth between nations that we've always seen in the past of the previous 12 passing of the torch between empires and great powers the united states uniquely gave their power away themselves because of their own nobility because of the privileged class and there's a fantastic articles very long but i'm going to pick out some of the segments and you should go read it yourself look this up it's on unheard dot com you and h e r d cove it has exposed america as a failed state it's hard to view the u.s. at this point as anything other than a cautionary tale you know they go over the fact that the u.s. has blown 5 trillion dollars on pointless wars in the middle east and mostly driven by you know the liberal intelligentsia like clinton's like blair is like rachel maddow like those sort of people who are saying like we're going to spread out.

democracy and instead has blown the wealth of the nation and the ability of a nation but now it wants the world to join in the fight against china you know you see where now when i almost hostile war with china we're banning even flights passenger flights from china not because of covert 1000 because we don't want chinese people here but they point out that the truth is that globalization the central political dream of clinton and blair obama and cameron was never real it was a process by which advanced western economies unilaterally surrendered their manufacturing capacity to a rival growing power china which instead of research or creating according to the panglossian calculations of the neoliberal theorists practice the traditional and ruthless mercantile ism in pursuit of its own interests never mix globalism with mercantile is on. and up with mark until as i'm right so america as you point out they have this ideal the 3rd way the globalization the neo liberalism the

washington consensus that all other countries would be happy to send as an equal amount of goods and services that we're sending them because they like us because they enjoy tom cruise movies because hollywood but these countries you know what i think you're going to give us all of your manufacturing we'll keep that and we'll take everything else too so now here we are 2030 years later and folks are beginning to realize that to restart a manufacturing economy here in america is going to require more money than was required during world war 2 but wait for it the country is already 25 trillion in debt oh oh oh oh oh but when you look at the news when you look at what is being presented as the resistance as the response to this ongoing term while but the collapse of the american system you know mass opioid oh. overdoses the

mass death the mass anguish there's obviously death the despair there's something going on that nobody wants to look at certainly in the elite but the looting that is nonstop in this economy was intentional as they point from this a quote from michael lind in the tablet he said politicians pushing globalization like clinton may have told the public that the purpose of nafta and of china's admission to the world trade organization was to open the closed markets of mexico and china to american products made on american soil everything from corn to chemicals to computers but you asked multinationals and their lobbyist 20 years ago knew that this was not true their goal from the beginning was to transfer the production of many products from american soil to mexican soil or chinese soil or to take advantage of foreign low wage non union labor and in some cases foreign government subsidies and other favors some people have gone this protest across

america right now bolshevik rest revolution to make a reference to the workers uprising that we saw in the old the imperial russia and you've got a new imperium here in america of elites or can tell you there's an the worker something realize that wait a minute we don't want to live under a dictatorship we don't want to live under a monarchy let's have a good old fashioned bolshevik revolution which is what seemingly happening from coast to coast you know the population saying just voted in by you then biden was part of this 20 years ago he was in power he helped china assented they were w t o they knew they are intention was to undermine the american population by aggregating wealth for themselves by sending these jobs overseas so you know that is not the answer the looting has to stop and looting at the top has to stop 1st. if you vote for buying you a smart they are going to take

a break and when we come back much more coming your way. america was never great was founded on the rape and murder. nothing changed so we said in. response to these situations that we're dealing with. people get shot every day she is just people killing each other blacks are killing children. so it was just no way that people are going to just sit back and allow children to be shot down. in. this country

doesn't work for us it doesn't function for us. this is can't be happening in america we call from the streets we've got to deal with why this is the reason i have to write like this is the reason. 54 jets and more than 1300 military personnel are headed to air force base in alaska where is that to say come on i'll show you what's the reason for any type of enhanced u.s. military presence in this area rush up. what is it suddenly about the south china sea that makes it so that it 11000000000 barrels of oil. take a look at this map who really owns what kind of says no. it belongs to us india says

no we claim that that belongs to us both of these countries have nuclear weapons capabilities there is reason for concern so that's why we're going to drill down on this story for you today right here on the news with rick sanchez where you know as we always like to say we do believe by golly it's time to do news again. there was a clip of she was. still a little scared. it was. not something you would see immediately this happens today they call. it the close to that. if they can't wait to. see they say yes. yes.

welcome back to the kaiser report imax keyser time now to turn to caitlin long of all vonte bank located in the booth and to state a wyoming kalen welcome back days max it's great to be back technically we're not back and yet we're technically entrepreneurship we are applying for a bank license that is a. big heavy lift as i'm learning exactly so so let's talk a little bit about it you're applying for a license for a bank in wyoming tell us about what you're trying to do over there is it a big point friendly bank what is needed the bank what problems doesn't tell us more well yeah it's interesting to have someone from this community or me a bank but i'm doing it in part because this is something we need we need

a regulatory compliance bridge to go back and forth between the digital asset industry and traditional banking industry and there are a handful of banks in the united states that service industry they're pretty well known and some are gate signature much boston in fact actually just last week j.p. morgan it came out is it's now sir big enough to 2 of them i think it's quite a base and. jeff and i got through the j.p. morgan trust us so you may be wondering why on earth do we need more well for one thing the f.t.c. in the u.s. does not allow banks to broadcast the services for digital assets and so what that means is that all the banks that are providing cimon services that small number of banks that are providing peanut services can't also custody digital assets and you may be wondering why does that matter at the end of the day it matters a lot because you want to be able to set to just settle the payment and digital

assets legs of trades subtlety. this is one of the big reasons why didn't quite have taken off it really kind of in some way speech of the killer app of this technology ironically race. and we're starting to see now this it occurring daily volume is on sunday some days it's pretty close to the big client. trade and that's because these least able quine's actually chance that a home simultaneously against crime and other digital assets and u.s. dollars cannot and while you're forced to segregate the banking relationships into a different legal entity then where it is all assets are held it means that you actually have to settle groups of those legs sequentially because you do you know it's a different entities suddenly the traits so it's counter party risk there's a lot less trading bossidy lot less liquidity coming into it quite another digital

assets as a result of this problem and that's what we're trying to fix well there's actually 2 parts to the story and one part is oh yeah there's a need for a big coin friendly bank and you've just kind of articulated the case for that very well the other side of the story is that wyoming itself the state of wyoming looked out across the america and saw a little state called delaware and how much they were successful in becoming the go to place in america to incorporate for just about every company in america is incorporated either in delaware or nevada and wyoming could become the go to destination for this new way of this new technology that's new you know a lot of people compare big coin to the where the internet was in the mid 19th ninety's right before it became a multi-trillion dollar industry if wyoming got a piece of that business wyoming would do phenomenally well how and so and you say

you're in the process of getting this bank through. oh did the legislature and the politicians in wyoming understand that this is probably a once in a century opportunity for them yes they do they absolutely do and you know that's that's that's why we've done what we've done we've had 3 legislative sessions in wyoming and they're now up in 20 different laws enacted all of which are enabling the only one that's prescriptive is the bank charter and what i mean by that enabling legislation is is even i think most libertarians are current you know an artist types probably saying we don't need legislation at all natural locking can't control what most i think most folks would would agree that it's we have enabling positive legislation that says we have the right to do this that's ok as opposed to the restrictive legislation that says you can't do this and here's why we do

obviously have that in the bank charter because in order to be able to plug into their payment system you have to comply with the standard set but it's not a reset or every bank has to do that that's just a given it is what it is but i'll be happy legislation when it passed is enabling and it is designed to track this industry here and why folks are coming ironically i think given everything that's happening in the world more folks are considering actually moving here as opposed to what most folks do with delaware which is use its was but don't actually live or do business there i think we're actually starting to see both want to move to why don't it's interesting there's a tremendous the population in the cities now people looking for a wider space and certainly i think you got a lot of empty space for sure now you mentioned j.p. morgan there for a 2nd i want to focus on that so everybody knows who's been following big coin or

j.p. morgan the last 10 years they started off as better no corners. so as we say they're very much against this idea because and then gradually over 10 years jamie diamond finally you know it took him awhile to understand the learning curve you know it's not easy to understand because jamie diamond maybe a little longer than a lot of other people but he finally i think gets it now so now he is trying to make some money in this business but isn't that i mean so your efforts in wyoming seem to a forced the mainstream banks in new york to kind of figure out that hey we don't want to lose this business now you've got an $800.00 pound gorilla in the room and jamie dimon potentially stealing some business right so isn't the urgency doesn't this make the urgency of what you're doing in wyoming that much more urgent caitlin yes it does and i'll say something with your staff here's a little secret everyone looks down at the new yorker especially look down on why

when they read it you know what can what can weigh only what can that small rural agricultural state do the challenge of new york well guess what we moved so much faster than new york we have legal clarity on digital asset transactions they're legally enforceable in the state of wyoming in fact s. as we talked about and i was asked on your show what he has given the same person who bought treatments for digital for virtual currencies it wouldn't be quite as money under commercial law does that mean it doesn't mean the big question is legal tender we don't try to do you gotta realize the us constitution we can. call this legal tender in miami to do that because gold mentioned in article article one section 10 of the constitution that we get it but needless to say we did it when we basically said if you can't be legal tender then it's the same kind of what's called super negotiate melody that means that if you actually get a big play you take it free of any adverse trade so somebody else has played to

that point if a lender put it on the map when for example you didn't know. about you took a free and clear of that me and right now you may be wondering well what it means i'm wired i'm actually there well there are people now finally starting to put liens on between because equator being i doubt and that's what wonders do they lead normal lives until after all but history's mayor lacks a point out we're not necessarily solving attack after today we're looking skating to where the puck is going to be thinking about ready to actors are going to come from one of them could be that big crane is a $1000000.00 yes what now suddenly you know plaintiff's attorneys start coming after everybody and saying hey you've got a big point that somebody had a recants and now it's my and then trying to take it away from you those are the kind of attack actors that legally are there and we're trying to shut them down back to j.p. morgan if you get that we tax here maggie have to try to i only have to move jenny

weren't sure why all age and so we have a huge advantage and in fact actually that's the only reason to be honest why these new bank charters would be under cause we have legal clarity to digitalize the transactions and why only there are no other states that have done it and until they do it their banks can't access our skin and because they don't have that really fundamental pressure which is are these assets legally enforceable and what happened to the event one of the banks goes down is the bankruptcy and god awful mess or is it really clear because we don't sadly have to treat these assets into bankruptcy that stuff is critical it's it's sort of the base protocol layer of the legal system and it doesn't exist in any state on the way i mean and that's why we can get our banks you have a reasonable shot at getting getting access to them and it's just tough i see jamie diamond riding a horse on park avenue i'll know what that's all about so listen i want to ask you

a question are you mention gold and you know let me set the so. here i know that re hypothecation is a big concern of yours and something we've talked about before on the show it was in the news recently when it looks like the e.t.f. that goes by the symbol g l d is now reporting some bank of england gold as their own so you know really hypothecation meaning that the same massive loaned out many times without any oversight and apparently this is what's going on with bank of england and the e.t.f. g.l.d. do you see this becoming a problem with bitcoin well. the more the more adverse financialization that happens. that's why i have actually been pretty critical of some of the lenders the big question lending companies that are out there saying you know we have pocket your bit they're doing the same thing mccauley it is it has been done to gold it's

funny when i you know we're talking about that that we from a couple weeks ago we engaged in some private messages that you know this is people been suspecting that this is true and that in the go to market but you get a little snippets of proof along the way and that was a pretty big red cross that proved that in fact actually there are multiple owners of the same collateral and you don't know how how i may ensure law is your are your gold if you own it in paper form you don't really know if if there's real collateral backing out and the same thing absolutely can happen. and that's again why the wyoming laws are structured the way they are i believe in clear property rights and real population just just obfuscates property rights it you can have 2 or 3 or 4 or maybe 8 or 10 different parties reporting in their brokerage statements or on their financial statements all of the very same asset and if you

collapse it all down there's really only one of those assets and that's that that's a problem and so. we believe in good fences make good neighbors in miami what was effectively a civil war in wyoming the johnson county cattle war over can you fence off your property and defend it against adverse against adversaries and the answer is yes you know you have the west happened anyway and that was literally a battle over whether you can enforce your property rights and leave pretty strong and property rights where i came along thanks for being on the kaiser report. well that's going to do it for this edition of the kaiser report with me max kaiser like to thank our guests caitlin long over there in wyoming on the day of bounty bank project coming soon hey if you want to catch us on twitter it's kaiser report until next time.

seemed wrong. but we'll just don't hold. me. yet to see how this thing comes out to. end in the game because the trail. when so many find themselves worlds apart when you choose to look for common ground . you can't be both with the yeah you rock.

you know we're number one murder capital in united states we all slow number one. i mean before. the most. evil you selling crack rock you've got to we can jump shot in order to excuse. like a lot in a month's other one. of them so this is something that is at the rules for.

hello from rhode island we're sticking close to home broadcasting remotely until we get the all clear to return to the our team america broadcast center in washington d.c. and it's been a rough week in new and we'll get to some of that later but i deliberately want to begin tonight with an update on a real good news story that has happened just this past week and which we continue to follow until now governments had sent men and women up into space but when we retired this.