i just don't feel comfortable with big brother knowing everything that i do you know that's good that's the 1st step to controlling people you know what we've got to do a got to do to get this virus under control. we spoke with josh poem the co-founder of the messaging and social networking service saif he says the new system could and that misleading people it is small amounts of data it's being transmitted but i think what's more important to focus on here is not the size or the amount of data being transmitted but the potential for abuse that exists there and even if you trust your public health officials no system is one of my biggest concerns probably more is to transparency when users opt into the service they know what they're on board nor in any potential privacy concerns i still have some issues where i'm not entirely sure this is something that's going to be beneficial essentially what this is doing is increasing the rate at which we can share information and

misinformation could potentially be included in that whether or not it's intentional and then the other point of it is how reliable are the tests that we're using to the game itself to know that if someone's tested positive but if there happens to be i thought to get to a straight i'm not sure it's beneficial and this is certainly just spread information around. that's been our breakdown of the day's top headlines for now thanks for tuning in every maybe. i everybody max kaiser this is the kaiser report oh.

they say max this is the last week that i am allowed to wear white according to the fashion police so you know when labor day comes up we're not supposed to wear white after that. so i'm going to wear as much white as possible hopefully i'm not blowing your eyes out you look like the good humor woman. delivering i scream in the good good humor woman truck thing bill well you know what there's a lot of looting and plunder going on and we have to refer to the quote from frederick that we refer to all the time as this is something we've warned you about for a decade now and it's really really coming true frederick boston yet said when plunder becomes a way of life for a group of men in a society over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies good words of warning there you know looting begets

more looting of becomes institutionalized becomes accepted at the top and then you have a class of people that come up with elaborate ways to defend their looting in the name of let's say patriotism or religious fervor or capitalism or some other reason and then society splits apart and that's where we're at well let's talk about the looting and plunder that we see up at the top we have the central bank and what do they do money printer go put it right what is that doing but stealing is theft through inflation and flash inflation is a form of faffed it's taking savings from people who don't necessarily want their savings looted then you have the private equity group below them who are overseen by the central banks the next step down from the central banks the private equity what do they do they strip a company they buy up these companies using the company's own assets by the way

like that's a former theft like ok we're going to use your net assets we're not going to use our own money we're going to buy you out and then hollow it out swap your assets for debt bankrupt the pension of your company employees and then we're gone. to leave a carcass of an economy behind and now the next step as we see these people. looting and rioting in the streets plundering in the streets smashing up small businesses and medium sized enterprises and stuff like that militias forming here is from the left wing side of it here's yeah it comes the money shot check this out this is crazy crazy write that check it out it's so crazy be prepared to sit down if you're not sitting down strap yourself in you're going to be a wild ride the next 30 seconds it's actually a g o p myth that has over the last 20 years really crawled into an even leftist discourse that the small business owner must be respected that the small business

owner crease jobs and is part of the community says the author of in defense of looting so the small business owners don't longer seen as the engine of the growth in an economy this is a deferral to the keynesian central planners i mean this is the alternative to having small businesses at the root of the economy is to defer to central planners right so that's a repudiation of the entire concept of the enlightenment going back to adam smith right so this is a return to either neo feudalism but you must respect the king that only the king knows or it's an acceptance of a certain let's call soviet as a show of economy centrally planned poll appear oh those are the 2 discussed how you would justify this if you believe in those 2 systems i mean of course we have a robber baron system now right we have jeff bezos just turned to a 200 billionaire he's worth 200000000000 the 1st ever to work be worth that much

nominally that is because exactly what this person is talking about private equity has already looted a lot of the system and then into that comes all of these huge monopolist that have monopoly pricing power and predatory pricing power over. you know people who provide the goods and services to the marketplace like amazon so we already have a system whereby they're championing so now this person is saying that and national public radio in america is amplifying it is saying that this is just the fight to loot because somehow like we can't talk about the bigger systemic issue like the looting from the top the central banks then the private equity and then the banks and then all this like let's target our fellow ordinary shmucks citizen because that's the only person we have power over we can throw rocks and destroy their business it gives us some sense of of closure of fulfillment that we've done something because we can't touch best as we can't touch the system we can't touch

the financial or monetary systems well i think there's also something going on here in terms of the left is sensing a loss in november election and they're trying to cause trouble they're stirring the pot and they're trying to get a little bit of a civil war going but they can blame trump for that and but one way to do that is by saying it's ok to loot the small businesses and that is that's pernicious and ugly comment meant to stir social unrest looting and violence so that's what the left is up to now and by the left we have to include folks like c.n.n. of course as you know one of these cities portland or something was burning down there is that famous you know kyra i'm going across a c.n.n. you know there reporter from the right behind him everything is on fire he says fire you know fire largely peaceful protest but the entire ice tree is on fire but it's like oh how is your chip on the titanic oh

a little wet toward the end there but otherwise great. well you know so one thing i do want to mention before i move on to this the larger the systemic issue that these people on the street are not addressing and that's. central banks on the monetary system is that you know if you look back to the 1972 elections and a lot of people are saying that right now in the streets of reminds him a lot of the late sixty's and early seventy's in america on the unrest and protests that were happening then of course it was animated back then by not only the civil rights era but also the anti-war movement and vietnam now it's a little bit more it. harder to decipher but on the left you do you have that same problem that you had back then which was a new young power powerful in their size but the boomers were coming of age back then and they were way more left than the older democrats who wanted the corporate sort of hillary clinton candidate and back then the younger can the younger

anti-war protesters wanted somebody like george mcgovern who is like the bernie sanders of the day so there is that sort of divide of a powerful generation coming onstream which is the generations and the younger millennial but in terms of the overall larger picture that they're missing is this one bank finally tells the truth the fed policies have become part of the problem and this is rainbow bank from the netherlands and it's philip merry who in his fed post-mortem titled the wrong kind of symmetry he writes that in the one of the most overt criticisms of the fed we have read today mary writes that while the feds step to make the inflation target more symmetric may benefit the wages of the average american somewhat beyond 2020 it does not really address the deeper problem with the role the fed is playing in the us economy it could be argued that the fed's policies have become part of the problem instead of the solution they go on to say and i'll read this in a bit but they say that the fed is enabling and enriching that one percent that's

why jeff bezos was worth $130000000000.00 in january and now he's worth 200 $1000000000.00 and that's after he gave $30000000000.00 to his ex-wife. you mention the. sixty's and early seventy's and the split generationally the boomers were more left then the prevailing democratic party at the time and now we've got the season the millennial is that are more left than the prevailing democratic party at the time so there's a left away search happening politically in the $71.00 of course knew us to close the gold window to pay for the vietnam war right so they defaulted on their foreign obligation so in a lot of ways what's happening today is a continuation of the vietnam war and what happened in the early seventies in mid seventies with the rise of the weather underground in the s.l.a. and extreme and left wing violent extremists and that's this is a continuation so america borrow 4050 years of time by closing the gold window and

by expanding their monetary base and 2 or m 3 their own account of training more but the m 2 money supply has skyrocketed many hundreds of percentage points to pay for the mistakes of vietnam essentially so this is a revisitation of the vietnam debacle and that america is that how collapsing as it was right before we closed the gold one down and then we flooded the market with this fake paper money but the rest of the world not only vietnam but china russia venezuela you know much of the world is rejecting that paper money so this is an echo of the vietnam era and i don't think it's going to work out very well as you see it i think banks like rainbow bank robber bank repo rainbow bank well they said that the much deeper problems the u.s. economy is asymmetric impact the fed policies on households and businesses the fed monetary regulatory policies have contributed to a form of capitalism where the rewards are going to the one percent and the risks

are borne by the 99 percent the current crisis response has made it painfully clear again that the fed's policies benefit high income individuals and large corporations while small businesses and low income individuals bear the burden. and while the fed likes to see itself as part of the solution to america's economic problems it should ask itself whether it is part of these problems so that's the top right that's what the fed is doing these people down at the bottom in defense of looting that's the same argument that they use where they say that looting provides people with an imaginative sense of freedom and pleasure and help some imagine a world that could be so again just like the fed is doing they're targeting small businesses and small enterprises to take from them to enrich themselves ok use the vietnam war as a great analogy by the mid sixty's 25000 american soldiers dead robert mcnamara said there was almost no chance of winning the general said there's no

chance of winning just like the fed knows in their f o m c meeting there's no way to cure these problems but what do they do in the vietnam war or the doing of the federal reserve bank they're going to do double down yes on that more troops more troops more money print more money printing and they chorused in vietnam they wiped out another $30000.00 soldiers knowing. without a any equivocation that it was a suicide mission going from 65 forward it was all going to be suicide mission from america the fed is saying we know these policies don't work we're going to triple down to quadruple down because we think conceptually they should and we're not going to believe the evidence before us that they're not that's really important to look into because mcnamara was very clear in his private memos to the president that this war in vietnam was unwinnable and the same thing i bet you anything you're going to find the same thing in 20 years later is when we found out about robert mcnamara really what he thought well as he sent off tens and tens of

thousands of people in america to death lord knows how many and and vietnam but you know the same thing i think we'll find out in 2550 years i forget how long they passed a law recently to keep those of the real no secret for quite a long time but i think they're probably saying the same thing it's like wow you know we're just sending this economy to its death but we don't know what to do because otherwise we have to say face we don't want to look we don't want to humiliate ourselves. yeah exactly so the prognosis is horrendous essentially an economic collapse is what they're banking on with these fed policies so you know get ready we're going to take a break and when i come back let's work your way. is your media a reflection of reality. in

the world transformed. what will make you feel safe. isolation community. are you going the right way or are you being led. away. what is true what is faith. in the world corrupted you need to descend. to join us in the depths. or remain in the shallows. during the vietnam war us forces also bombs neighboring laos it was a secret war. and for years the american people did not know. until our thelma is occasionally mouth can rebound country per capita all human history millions of

unexploded bombs still in danger lives in this small agricultural country. even today kids in laos full victims of bombs dropped decades ago it is the us making amends for the tragedy in laos won't help to the people need in that little land of mines. welcome back to the kaiser report on my faster time not to go to well i'm a little cooper he's the founder of commodity discovery fund and author of the big reset the war on gold and the financial endgame willem welcome back and congratulations on your book the big reset we interview you about 5 years ago when that book came out you are the oracle of abstinence and well everything you said in

the book is true. well thank you i remember meeting only a very cold warning in amsterdam freezing cold and i think i remarked that around 2020 there would be a need for a monetary reset well that we are let's pick your brain and get your insights on a few things here so dutch bank robber banks said that the fed policies are enriching the top one percent at the expense of the bottom 99 percent that is the say they can tell in effect their own powell are fed chairman over here denies this with whom do you agree well and why does this matter to the economy because the sat can be too honest. on that point and you know the rabble bank it's one of the main banks of course in analysis one of the main banks worldwide and it's one of the banks who tend to be quite honest ones in a while they have some great economists so they have been on top of the currency the basement story for quite some time so i'm glad that song well there are.

some great and some good phrase here and the netherlands trying to be to be honest because you know larry summers former secretary of the treasury e.c. remarked a few weeks ago that we are past the central banking and jackson hole just one year ago we had mark carney the. owner of the bank of england say and he gave a. speech during the lunch and he said it's time to to organize a new monetary system to replace the u.s. dollar so i think inside us are well well then the becoming almost but they can't ignore is anymore i don't want to say you know let me ask you a question about asked of them and you know we've been there many times to the netherlands and it's such a great country and that's such a great city and of course they have a reputation for being quite liberal minded and there's

a lot of activism now we we met up with greenpeace many times in after them and our message to them 1516 years ago was that it's the central bank that is the root of all the issues that activists come to protest against my question is is there a growing awareness in the activist the progress of the liver the liber the liberal communities that the root of their problem is a central bank you're quite right and one example. is of course what's happened with the millennial send as a huge community and then stood down in the netherlands and all over europe. millennial to really gold in full swing to create so high in 2016 that specially 2017 and well i does life does hide a little bit but i was very happy that these young people all started to reach into

the. well the region itself the monetary system and all the and they found out all the excesses of the momentary system and i myself as having a vibe is quite a bit to the platform sense to that and bits going wednesday seminars and there's a very large interest not only from the more older mature ridge guys you know the global community but there's a whole new generation now. all discovering the secrets of central banking and that's been a fraud of course for 4 decades and that's becoming. mainstream one now your book the big race that went to a talking about this when it came out 5 years ago i believe now the subtitle is the war on gold so let's talk about gold because the people it appears as though gold is winning the war at this point goldman sachs says the soaring gold price of

gold suggest u.s. dollars days are numbered and we've got bank of america forecasting $3000.00 for gold by this time next year it is the war it's about 2 and a favor of gold yet a deal losing them to warm gold so that the central bankers store street the usual suspects they're losing those warm gold ass they have done in the 967 i know you know a little bit of momentary history and we had a long gold school in the 1960 so central banks were dumping central bank gold reserves to keep the price fixed at $35.00 per ounce in the late ninety's sixty's more and more countries didn't want to cooperate anymore and a started to jump out of this leaking shift and then we had of course in $171.00 the disconnect between the dollar and gold and if we look now one could say it's

the 2nd long term gold who is failing and as this is short squeeze at especially at the chrome eccentrics future markets developing and if you look at the physical deliveries we see high on high amounts of physical gold is still being delivered every month now and this has started in march doing the corona crisis panic sell i think this is the last say solstice go warrior people are familiar with what a bank. on is banks don't have all the money on deposit that they say that they do and when people are concerned they go to the bank to collect that their money and it's not there and there's a bank run but people are probably not familiar with a gold bank run the l b m a and the comex are facing a problem they dealers in that market want physical delivery and that's not available because they've sold it and all i have is paper claims and this is

causing a gold run in a gold buying panic amongst the 2 biggest exchanges in the world and of course as we've seen with stocks like tesla when there's a huge short sways these stocks are these commodities in this case called can start to rocket higher just based on market dislocations but i want to ask you about warren buffett is one of the most successful investors in american history and he's been up to some strange things lightly he dumped a lot of almost always bank shares pretty much except for one he got into gold mine or barack which he said he would never get into gold he said he would never abandon america and then he just put $6000000000.00 in to jeff japanese stocks and which is another way to essentially get out of the u.s. dollar am i correct in viewing this these moves by warren as he's exiting the dollar or heads against the dollar collapse as much as possible well i'm this is exactly the same like we have been doing for the last 1015 years maybe we were

a little too early but just as we all know you hate gold but he loves cash flow and now he's buying into gold miners because they have a huge increase of that cash flows and undervaluation of commodities there you know today we heard the news that he bought into 5 jeff the nice commodity trading houses and the valuation in in the world of commodities is enormous hours just look at through my charts to. this weekend and if you look at the end of valuation of commodities compared to be $500.00 we reached a new low in a 100 year timescales. i understand why he's moving to a goal now it's one of the very few sectors us where diffidence dying creasing i think he likes tech and he likes goals both philthy so sector was doing amazingly

well especially since the corona crisis but well in tech you have over fell you ation and no difference in goals you have and the valuation and you have increasing diffidence so he's he's still a smart guy and i even just a 90 self-congratulation so warm let me ask about another money manager right dahlia he's another hugely successful have fun manager he's got the biggest had fun in the world as a matter of fact he's not 20 percent golfball the on the on this debt and paying nonsense he's gone for the gusto 1 the actual medal itself what does that tell you i'm not that surprising today dahlia oh i wonder if. billionaires is moving towards a goal space because i think the mood has changed since the middle of 2019 at 2900 in the summer of 2900 alley 0 wrote a say important new t. sis paradigm shift and we had to jones said so all are very big guys and us all started to tolka but what surprised me most was the news today that ohio and

shipping is starting to have best 5 percent of data assets into gold and debt see huge shine because there is too should no money especially from pension funds and we've seen the same here in the netherlands it is not dumb the central banks will colu and try to convince you not to put any serious money into gold and now it is starting and you know there's 50 trillion invested in all pension funds who. a wide right now only one percent or 2 percent of this money that's a $1.00 trillions go to ward's gold that would be 10 times the amount of all money invested into the gulf states in 2080 so little space is a very very small will and that's why you see the use returns now in all gold related equities are fun to say having 5 months in a row double digit returns now and people start to notice so we see huge inflows

see in the netherlands as well even broader now down to the global invents investment managed money seen as double that number $200.00 trillion dollars so i extrapolate ing what we know to be the case less than one percent of that $100.00 trillion dollars in gold and if people follow the ohio pension funds model going from 0 allocation to 5 percent so that means a go on go on a global basis are going from last in a giant to 5 trillion and call the total market cap of gold these days is roughly a half or 9 trillion souray we would say that a doubling in demand you know you've got your finger on the pulse of the gold market pretty pretty tight there is there even that if suddenly there was an 8 trillion dollar demand for gold is it isn't even a valuable can cannot because that source will know as you might remember and big reset i wrote in 2015 that. we could expect

a few. developments during a momentary reset one is we need to find a new anchor fools voluntary system that's what mark carney sad as well last year the 2nd one is so we need a way for death restructurings but the 3rd one i mention in the book is we need a goal revaluation a gold revaluation means that double duty devaluation and i also wrote in the group that you can have a gold or evaluation because of market forces what we see in our. still moves up because as you or bankruptcy a goals are usually wages are much higher levels because central bank would like to revalue gold much higher like they did in the 1930 s. and i think when we see some more serious intros into the goal space i would be surprised by will when we would have a sudden announcement on a sunday afternoon or sunday night that central bank shire revaluing their gold

reserves and that would change the whole financial industry while a metal coupe thanks for being on the show thank you max thanks for having me well that's going to do it for this edition of the kaiser report with me max kaiser stacy harbored like the thanks well a metal cup if you want to find his book the big reset it's available in different languages on amazon if you want to catch us on twitter at kaiser report until i stop by oh. so what we've got to do is identify the threats that we have it's crazy confrontation let it be an arms race is on us and spearing dramatic development only really i'm going to resist i don't see how that strategy will be successful very critical time to sit down and talk.

to. moscow lambaste berlin for failing to provide any evidence for germany's claim that russian opposition figure had aleksei not only was poisoned with a chemical nerve agent but that if there was any data he would work with it there is no data there are only statements of now. into megaphone diplomacy. the u.s. says it won't take part in an international cooperate of effort to develop a vaccine because it's led by the world health organization. and washington has imposed sanctions on senior officials of the international criminal court after it started probing alleged war crimes.