no small. point sure your thirst for action. by a max keiser this is the kaiser report hey let's say the guy down the block from where you live is counterfeiting ronnie and he's by and stuff eat he he created an extension on a south sea bought a new boat he bought a new car people have 5 new cars he bought another new boat he bought a lot of jewelry he's live in a large would you say that the wealth on that street is disproportionately heading into that guy's house because he's able to counterfeit money and spend that money would you say that i mean that's not hard to comprehend right stacy yeah

we're going to talk about can tell you a fact and how that spreads down through a systemic form of discrimination and a systemic inequality because this is an issue obviously that is spread around the world you know with the uprisings about the george floyd murder which has spread around the world and i think the underlying issue here is the monetary system around the world that's the basis of why everybody around the world this protest and why this has spread around the world and it goes to this little clip from the federal reserve chairman jay powell marty bent posted this and he said deflecting blame never a good sign individuals are waking up to the biggest scam to sweep earth over the last century the federal reserve fix the money fix the world. with more or more. it's not really 2 months.

or is. there a lot of work was. more or less. consistently for. yours right well let's keep in mind that your own powell is the big shareholder in stocks and he's the guy gave blackrock the job of buying stocks for his back the central bank and he gave the money to do so so he prints a lot of money gives it to blackrock and then they buy stock in these e.t.f. that he owns jay powell and the stock prices go up and he makes money with the money that he printed oh that's interesting so is and better than the guy at the end of the block is counterfeiting money in their basement and then buying lots of gold jewelry and cars and boats and then say wow that guy's got a lot of wealth yeah he's spending the money just printed is it any different no it's not any different not at all different now let's follow up on that that story that you've created of a neighborhood where one guy gets

a print all this money and he buys up all the wealth producing assets of the town the still pretty production company in the steel manufacture he buys the auto manufacture and he buys the actual underlying land to most of the property so has to innovate everybody has to pay rent and then people realized then he gets found guilty of like counterfeiting but he just has to stop doing ok like it but he still gets own the wealth his family gets inherit the wealth and they get to go forward obviously they're going to be deceived everybody else in the entire economy is disadvantage against this guy because he inherited all this ill gotten wealth so that is part of the system that we have the problem in america right now with. you know the disadvantage that black americans have because of the history of slavery that they went to jim crow which took wealth from. black americans and so they came out the game they started it you know from 1964 with the civil rights act they

started into this hyper globalized american empire at a huge disadvantage compared to the average white person but then from 1981 whoever had the assets got in 1st on the pyramid scheme and so we're going to go into some of the charts on that so the way that this is played out in the black community and we saw that during the katrina disaster quite brilliantly played out before our eyes in that area around new orleans there's a lot of black homes owners ship of homes the katrina disaster a lot of predatory banks to swoop in steal their homes from them based on the frauds the loans that were made by the banks and who owns most of those properties people like warren buffett of berkshire hathaway so here he had a disenfranchisement of some of the biggest us and franchise one of the black community in america a sense light days and how they do it they use interest rate apartheid they use money printing money counterfeiting jay powell whoever was at the helm of the fed

at that time could have been worn could have been whoever was i mean they were involved in this wholesale disenfranchisement of this group and this you can make a 50 examples of exactly the same game play from the same book again the game started the pyramid scheme started the ponzi scheme started in 1971 when nixon closed the goldman doe so it's what advantage how many hotels on the monopoly game board did you own when the game started and i saw a brilliant viral video where this woman was explaining like you know black americans had to work for 400 times around the board the monopoly board building houses and buying properties for the white people playing the game and then suddenly this whole i can't now play the game that you know were 400 times on the board collecting properties now you start to join the game but on top of that. we have a systemic thing where anybody said the there are a whole bunch of losers systemically the cantillon effect you know jay palace in

charge of printing money he gets to print money he presses a button he said this on 60 minutes he prints money as much as he wants it can only go to those broker dealers 1st it goes to certain bankers 1st and those bankers decide who to lend it to. you know we're going to let's i'm going to get 4 to one with jamie diamond jamie dimon we all saw him take the knee in front of a chase manhattan bank right but so he gets to decide who gets the wealth who gets the free money that they've given and they're charging interest on that free money that jay powell has just given him jamie diamond takes the name but won't lend to black americans in d.c. this is a headline from c.b.s. news and 2018 and they pointed out that j.p. morgan chase rarely lends to minorities and one major u.s. city washington d.c. the heart of power in america over 40 percent of the population is black american

just 2 percent of j.p. morgan chase's loans in washington d.c. just 2 percent that's 23 of the 110-1000 loans made in 2018 went to blacks in washington d.c. just a few went to latinos there this is the same sort of situation is like those loans in our system of a post gold standard dollar whoever has the most debt gets to build the wealth with this counterfeit money and own all the assets right jamie diamond is part of the financial apartheid in america there is apartheid in america that's done with it your straights and loans and the banking cartel and to kind of expand on those black but hopley idea how come when blacks roll the dice on monopoly and all those lands and you got to go to jail you know there's the jail. you know on the monopoly board you go to jail right somehow and blocked. play monopoly in america oh view of it got to go to jail again oh you got to go to jail again okas jail is now a property developments game by the likes of berkshire hathaway and warren buffett

where it's not for some kind of rehabilitation or some kind of part of the judicial system it's a monopoly called the president duster complex where blacks are now working for $0.50 a day and in fact overturn the amendment that outlaw slavery it's alive and well in america's jails thank you black without a warren buffet jamie diamond again let's look at the big macro picture and how this happens and how in effect creates the inequality that jay powell at the top of the show we show that he says this doesn't happen so correlation doesn't necessarily equal cause ation but this is pretty strong indictment i think so here is a chart that went around this past week looking at the biggest theft in history growth in productivity and hourly compensation since 1988 you see compensation started stop growing in 1981 productivity continued to increase so that is a former theft again 1971 if you weren't on the playing board if you weren't on the

monopoly board in 1971 working to get ahead then became harder as you see from that productivity did at the war you work the more wealthy created for the top the capital owners the asset owners the more you worked the less you were paid commensurately so you had to have been working before in 1970 when you had to have been you know in a cushy job and built your assets by then and we see that playing out with that data looking at black versus white america in terms of their wealth not their income their wealth that intergenerational wealth the black white economic divide isn't just big it's as bad or worse than it was before in 1968 let that sink in black wealth today remains less than 10 percent. and that of whites just like in the late 1960 s. white wealth surges black wealth stagnates this is since the 1960 s.

and you say black wealth has stayed the same because the rules of the game once they got on the playing board after the civil rights act 164 when the rules of the game changed with the sound of the council in effect that jay powell presides over right it's a soft genocide of blacks in america and a sense i think every one of the white communities been trying to tell the black community that wages don't matter because they've been saying like what your wages don't matter your because of efficiencies of productivity gains your car goes faster so wages don't matter because of productivity gains and efficiency or computers and electronic equipment that's made in china now and the job they used to have you know it works better it's works faster the screens are bigger and faster that's where you don't need wages wages are bad savings are bad the paradox of thrift savings glut having your individual sovereignty is evil right so that's the propaganda and us who comes propaganda man is that it's the federal reserve

chairman they say it wages that's for that's for chumps where you want you want you want counterfeit coupons from from the central bank that's what you want and of course nobody gets in the way and corrects them because all the media that would stand up and state like you know what this is wrong have all been bought out by the same corporation but everybody is noticing we see that the big one community especially will see that in the 2nd half the people realize that it's a rigged game and yes black americans came onto the playing board that is monopoly this pyramid scheme pyramid scheme yes they came in later than the majority of white people but the fact is it does discriminate against all it is an economic paradigm that is rigged against the vast majority of people including entrepreneurs and clue ding people who are not like close to the money printer. that's why you're seeing protests around the world that's why you're seeing central banks being burned down in lebanon this the same underlying thing it doesn't matter 3 i mean

you know this is ben this was an issue in the sixty's people leaders of the civil rights movement talked about this economic. system as corrupt and this was while they were still on the gold standard so maybe it wasn't as benignly corrupt as now but it is a global phenomenon because all the central banks are doing now on a coordinated basis the same thing to move trillions from the many to the few and so you have a global insurrection against banker occupation that we've talked about before all these groups like black lives matter occupy wall street arab spring uprisings and grace all over the europe all over asia all over the world all have one common fame its interest rate apartheid financial counterfeiting by a few to disenfranchise the many and that's why gold is going up and when you see the stock market going up asop because these companies are making more money is because the underlying currency that they're priced in the u.s. dollar is collapsing because now we're it's the end game as the as anyone. can tell

you and as we go i like to say look up gil noble he was a very famous black journalist from the sixty's and seventy's that's what we need today somebody to tell it like it is going to take a break when we come back much more coming your way. with yeah.

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welcome back to the kaiser report i'm max keiser time now to go to eric late so you can find him on twitter i am the character eric welcome to the kaiser report welcome to i thank you for having me now you have gone viral on bitcoin twitter 1st speech you gave that black lives matter in los angeles what did you say i told the people that it's time for us to opt out and the economy and the way he do that if i easy big point i also introduced my 3 point plan and move me forward and the 3 point plan and includes big point but i'm going to name and bodie i feel that these 3 macro ideas. a lot of micro ideas and moving the movement toward the black lives matter you know this is the latest chapter in the

civil rights movement in america and the fight for freedom and emancipation and equality for all of the black community in america going back hundreds of years and i think rather non-selection point where the black community has realized that as long as you're operating in the fear out money system there will be no justice and so pick away is the 1st time in history where money and state have been separated and you can become individually sovereign which is a very empowering message am i right eric correct yeah i mean it's morning luther king and not in mexico a lot of black activists were aware of or if they had it coming then been all over it i mean it's the only solution as audrey lloyd says you can she said something to the effect that you can't dismantle the nexus home with the massive schools or she said something about it and so we can use the financial system has actually

enslaved doesn't impress us to rid ourselves. of oppression and. you know i knew that once we have this new tool and you know the weight is a cornerstone. you know protest movement and big point is the nuclear weapon in a way so. let's long lines here and go to our communities and also let's not forget the ballot box and then it's of voting also means you know let's get out there on the community or neighborhood city councils you know let's put all these tools the guy who lets me go this. is actually this shit and you know let's me go all is included but especially the you know the black community who is just under tremendous not oppression and this country you know it's time for some. time to go the strategies we have it's the ultimate form of passive resistance you know i remember back in 2008 there and they finance

a crisis that the subprime crisis once again the black community was just absolutely decimated by evil bankers and now that had to take basically stolen somebody's houses in the black community around but we zahn in new orleans in those areas after many decades of building up a strong community suddenly within a few months it's all gone because of the bailouts for the bankers who made fraud the loans however the homeowners who have built up a community they were not offered any assistance in fact they were the victim of these fraudulent bankers including the big names like wiles fargo one of warren buffett's big stocks that was involved in this wholesale disenfranchisement of the whole community so getting back to bitcoin eric it's an confiscate about which is great right because so many times when the black community achieved some level of financial independence you know in north carolina there was black wall street at one point there have been really great thriving black communities america for years

and then somehow they magically get ransack disappeared memory. hall destroyed it but because it is on confiscated well eric yes so i mean it's the same story even reach a structure and there was this black bank there was a bank and the black community was in a black and going to leave it was a big that the black community were leaving on their own zen and you know the story the whole the faintest clue did you know they are a well the community just looted and it's the same story over and over again you know somehow we get taken and because we have. rights or we don't have it he said that all or some guy gets off with the money that restoring someone else that day's over it's a beautiful day that they don't really have a life perhaps to get on and to get out of this. titanic that would shine upon society at this moment and it's time to rebuilt and with the schools it is

a compass it will it is ours and it has a sense of ownership and you know that's that's pretty much the only way i can see forward so as as as one does this idea catches on its longest as i promote it i think it's just going to be you know greater in the black community as this is the financial system if you think it back to 1968 of course i was all i was around i was watching may allege picks and we had that some and all moment tommie smith and john carlos carlos holding it out presenting the black salute with black gloves on on the podium the winning podium they won their races and this became an iconic image for the black berry going forward and as far as images go today in the 21st century 20 twentieth's not so much those photos that capture iconic moments but it's about means it's about twitter it's about social media so how are how are you finding life on social media sense this video dropped of you at the black lives

matter moment preaching the merits of because you know it has gone viral it has blown up what's what's been going on in the last week or so and your life eric not much people are just really appreciated really appreciative about. no i think it gave it a 2nd wind so the big point community led as it was a reminder why we're all here what we're all doing and why we're putting so much time into this project. i also wanted people to but i don't want the next is to get lost so i don't want people of the focus on me i want people to start figuring out how they can and here and break this where some of the big point works and what i you know let's keep it going and asters let's get out in our community and reading that's where this we're so it's been it's been really hurting it's a great community to be a part of. and i actually had

a. meeting last night actually right i jumped in on one of those one of the guy who created yet rest let's be quite enlightening note and we were building on some ideas on how he decided to go and so it's a great community of bombings here i think it was reinforcing to the community why we're here and everyone really received some really to my knowledge and i've been in the scary since 2011 i don't really run into any racial conflict at all rever i go around the world there's a there's a bit coin nation and it's multi color multi ethnic multi faceted it multi country it's just there's everyone just focused on this hard money on confiscated ball really separation of state and money and ethnicity and color never comes into it but i do also live in united states of america and i agree with those who have who say that the foundation of the american political system is white supremacy so it

doesn't really it doesn't matter how open you are and how much love you have in your heart if you live in a nation his promises of white supremacy that's a that's going to be tough to overcome in my. opinion eric what are your thoughts so that's the saddest flow and how does the status quo stay in place with the financial system that supports it so as long as we have this financial system that . the bad or the serious guys in a room you don't see them will keep the status quo of white supremacy in place and that's another reason why i promote big point to the black community because this is our tool to end the status quo that's been oppressing that's a literally that's at its knee and our neck i feel like if you a business that is slow you up in the lead the levers of power that keep that status quo in place and therefore you can. theoretically as i've been saying to

this 2011 because i've been following this debate for quite some time and the debate about reparations and there's a lot of logic to it and there's a lot to be said for it what i said in 2011 is and it's also quoted in isaiah jackson calling a black america that the black community and this one because of the dollar if it accumulated enough to coin a dollar it wouldn't have to really worry about reparations because they were in the black community would have all the wealth and the fat money world would be collapsing intercept not only the case for reparations. and that that model has been done before we know that he and he received an apology and record reparations for their experiences when they were thrown in internment camps but at the same time you know i think we're so fed up that we're over it it's just like keep your money but we don't we don't want to deal with you know we're done really you know this is your thing we're out and we have this new economy built so

you know maybe we'll look for those who are on the side of the earth back and say oh yeah it's a free but you know i just i just feel like we're so fed up we're over it we just don't. the talk we're got you know be at that point and the black america when and when this message goes out what are some of the pushback that you get if any what is the you know this is a pickle in for and it's got a learning curve i mean it's not they are saying in the world say wrap your mind around take folks you know i got it to get to a for a while what are you finding out there what are some of the objections are questions people have right off the top like if you had a group of folks in a room right now how would you explain this 0 of objection i did coming up with this analogy. so not mine that analogy is let's say the financial system is public transportation so the financial system is a city bus it's there's no air it never runs on time. and now you have

this huge system that's similar it's a lead where all you need is your farm and it's excessive all it comes to where you really are where you are and it takes he's aware. and i think people can understand that parallel to where you have a government system that's slow and sluggish and then you have this alternative solution that's quick in nimble so but you're right it's so new that's been i think who we who are in the space we forget just how new and it is that when you enter duces of people. but i know that could never happen and this i know it is happening so that's why when i presented to people and telling people the revolution has already started you know don't be late on it you know let's let's let's change trivia but it is very you know when i introduce it to crowds i notice

there's this weird light and yet like silence he has like boating opponents and it's so much sense and when i get to trying. they're hearing it. for the 1st time in other words weather is a made you don't really need to spend a lot of time explaining it for people in argentina for people in venezuela or people in countries around the world that are suffering from hyperinflation they jump on to quite right away because it fits a need and they get into it immediately and this fits a need in black america certainly a friend eventual sovereign say to get a justice and we got to go erik let them thanks so much for being on the casa report that i think you guys favor so keep it up well that's going to do it for this edition of the kaiser report with me max kaiser and stacey herbert like to thank our guests he's known as i am the character on twitter the one and only eric life you can catch us on twitter accounts report on ice time.

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