also to 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 blue all right 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 10 percent that own stocks of america are exiting america and they're taking all the valuable assets with them and to fund that purchase the fed is giving them trillions of dollars of free money best the way we see it that's the way it's working and that's 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 that the strap of a great power not wanting another to rise compared to rome rome had the same situation the people inherited an 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 had since quote is ok 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's only one reason for a stock or bond prices 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 to 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 this stuff 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 is being plundered the last dregs of some exits down credit so they're getting challenges from the central bank i'm not reinvesting it in the 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 carcass 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 black tom explosion black thomas 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 missions to the allies and in europe was filled with munitions for russia that the united states. if thing 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 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 for 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 our 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 we're now and 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 neo liberal theorists practice a traditional and ruthless mercantile ism in pursuit of its own interests never mix globalism with mercantile as on. and up with mark until as i'm right so america as you point out they had 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 countries are 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 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. 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 reza revolution to kind of 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 by even was part of this 20 years ago he was in power he helped china assented the 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 to looting has to stop and looting at the top has to stop 1st. if you vote for by the way smart they are going to take a break and when we come back much more coming your way. and. i don't know if it was government official of the president i don't have. facing

the system i see so i'm just the system designed for people like. this. different for different reasons. we also have. people in philadelphia ballot 2 paychecks away from homelessness.

street home. 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 of added 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 or where you know as we always

like to say we do believe. by golly it's time to do news again. according to several sources fleecing the united states from 2 to 4 people every day. and. see. one of my being arrested for a response from me and. it's just their little world establish they developed just us against them it's. a long history of 2525 years as. i read this from someone told me. there was a corruption inside of the police but i think the culture is.

still. at the. moment. you know. they can to get to. the. city they say yes. he. yes. so what we've got to do is identify the threats that we have it's crazy. let it be an arms race. spearing dramatic development the only really i'm going to resist i

don't see how that strategy will be successful ready. to sit down and talk. 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 of wyoming caitlin 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 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 the traditional banking industry and there are a handful of banks in the united states that service the industry they're pretty well known and some are gate signature much boss and 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. gemini 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 us 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 peanuts 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 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 ways be true of the killer app of this technology ironically traced. and we're starting to see now this is occurring daily volume is on something some days it's pretty close to the big client. trade and that's because east least stable 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 several 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 the equation other 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 it ends 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. 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 what 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 a 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 very legislation when it passed is enabling and it is decided 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 corner j.p. morgan the last 10 years they started off as bitter no coiner. 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 stuff 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 way only work in that small rural agricultural state do challenge new york well guess what we love 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 converter 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 didn't try to do you gotta realize the us constitution we couldn't pull that off all this legal tender in miami didn't do that it is gold mentioned in article article one section 10 of the constitution that we did it but needless to

say we did it when we basically said if you can't be legal tender then it's the same title it's called super negotiate melody that means that if you actually get a big claim you take it free of any adverse claim so somebody else has claim to that point if a lender put it in the map when for example you didn't know. about it you took it free and clear that me and right now you may be wondering well what it means i'm but why would i why would i care well there are people now finally starting to put liens on between because equator being i doubt and that's what wonders do they lean on the leaves. 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 digging 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 read against and now it's my and then trying to take it away from me 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're tax here maggie have to try to i only have to move jenny words or wyoming 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 consideration or getting access to the feds instead and that's because 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 0 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 the planet system so if 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 . questioner you mention gold and you know let me set this up 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 if. the market do 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 talk a 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 from a couple weeks ago we engage in some private messages that you know this is people been suspecting that this is true and that in the go a 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 if there's real collateral 'd 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 in rehab hockey said 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 when if you collapse it all down. well 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 anyway i mean we follow what was effectively a civil war in wyoming the johnson county cattle war over can you fence up your property and defend it against adverse against adversaries and the answer is yes you know answer the west happened and it and that was literally a battle over whether you can enforce your property rights and believes pretty strongly that you can and should enforce your property rights claire 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 gas long long over there

in wyoming on a bounty bank project coming soon hey catch us on twitter it's kaiser report until next time. according to several sources felice in the united states kills from 2 to 4 people every day. and. what am i being arrested for. is just their little. establish they developed just us against them. along. 2525.

or have to shoot someone holding it. there is a corruption inside of the police where the culture is. so what we've got to do is identify the threats that we have it's crazy. let it be an arms race. spearing dramatic to follow only i'm going to resist i don't see how that strategy will be successful very critical. to sit down and talk.

you can't be both with yeah you like. star was. a dolly is what i was being. carried over here we care the music with us. we are here we were dragged here. by you know going to get rid of those who are not go away who will not die quiet. real the heart of what we do is the truth.

ah the best places for major demonstrations coming up over the death of george floyd this weekend leading health officials and civic leaders worried that the crowds will cause a coronavirus spike. protests in neighboring mexico over the death of a man in police custody reportedly arrested for not wearing a mosque in public. and facebook stock is flooding up pages it considers to be state controlled media including l.t. it also then goes on to ignore other outlets which government funding.