killer bees artificially intelligent algorithms are doing the same thing. as the u.s. economy was booming growing numbers of people were made homeless. you can work 40 hours 'd in a week and still not have enough to get housing everybody believes america still is the land of opportunity the reality of it is we're not financial inequality and the lack of affordable housing for a living minimum wage give many people no choice. that's been a problem with the city will always turn a return and told me stay away almost. 2 source of food that there is no answer because you have the required resource the most vulnerable are abandoned on the streets to become the invisible cops.

max kaiser this is the kaiser report kovi coated co bit so much to talk about let's check in with stacy well you know it's hard to outdo donald trump and his shenanigans in antics and all that sort of stuff but we're going to try so you know one thing we always say is where that we're at the end of a few dark ages and of an ipad whether it's the fiasco in c regime that has ruled the world since 1971 or the us empire since 1905 but of course that whole pocked before when the british empire disintegrated was also quite chaotic and interesting tet offensive we had a pandemic in 1008 team that was right and that was equally crazy as now perhaps we didn't have a president sitting in the hospital but i want to look at some of the astounding

information that is actually unfolding and going on wall. everybody's locked down at home no apparently adult conversations are happening so none of this is being discussed but it does seem like they all know everybody knows it's over the whole fiat's system value of covert $1000.00 stimulus packages in g 20 countries as a share of g.d.p. and you know it shows a whole list of them but i'll just go over a few japan 21 point one percent canada 15 percent usa 13.2 percent brazil 11.8 percent turkey 10.8 percent a strongly attempt 6 percent and at the bottom is mexico is 0.7 percent so other than for the us all those deaths will have to be repaid and there is a limited ability for a lot of these other nations to print like america can point out this is a fascinating data set actually because during call of it we hear about the u.s.

we hear about china we hear about brazil you know but we don't really hear much about japan and yet japan i think in the grand scheme of things is in a poor data point in the intersection between the and the fee at the end of the u.s. dollar is rolled reserve currency the end of us hire because japan is has been in shall remain the cheapest source of funds in the world because interest rates in japan have been the lowest for many many years down just hovering just above 0 is spend the go to place for all leveraged speculators to borrow engaging in what is called the carry trade you borrow money in japan and you invested in other. currencies that might yield a higher rate and you're capturing that spread as you carry that cash over to another currency but also funds much of the leveraged buyouts in america the

private equity speculation the deals of mergers and acquisitions they all are from the fed but on the wholesale market globally speaking the fed in japan that japan is that the global piggy bank so it's interesting because they have no monetary discipline there in japan so it makes sense that they would be the number one on that chart in terms of 21 percent of g.d.p. now in fiscal stimulus for kovac are monetary stimulus for cove it because that's where the world goes for cheap money and so that's a country that is very used to they invented quantitative easing that's their term so that's the intersection the point is as well is that. one era is dying literally and in a situation of a pandemic but part of the reason why is dying is because as plundered so much from the future so the fact that we don't have any savings or you know we're all having

to issue so much debt is because we don't have the we have a just in time economy we have a. piles and piles of debt that has ruled over and over and over the the extend and pretend thing and what it what we were pretending is that generation z. and millennial would not have to pay for this but they obviously are having to pay for this so i want to continue you know we talk all the time about pos yes quo and i'll read it again when plunder becomes a way of life for a group of men and a society over the course of time they create for themselves a legal system that authorizes that and a moral code that glorifies it so over time they create us and over time this started in 1970 once a 49 years later next year will be one it will be 50 years since we started on an off global standard kick the can down the road and hope it has revealed the end of the road that yeah that's a good way to put it and i'll show you this headline is like the mines that plunder

is everywhere and everybody does it small business emergency loan program in the u.k. threatens to descend into chaos a goldmine for enterprise and criminals even legitimate borrowers face sky high default rates taxpayers to eat the losses and this is called the u.k.'s bounce back loan program well the point is that you know you have looting at the top a level throughout the economy and governments are trying to rush in these programs but the governments that are rushing in these programs themselves have been perpetrating a massive for fraud i mean that's what it is read in terms of the last 20 or 30 years every. penalty we've seen applied to all these big banks whether it's the u.k. or the u.s. they got caught red handed committing all kinds of accounting fraud and sun now they're trying their packaged their programs as they understand because it never got put in jail for it so they're thinking about what we were doing this is the

right way to do it and so they repackage the same kind of progress but for small to medium enterprises and these guys in the small to medium sized enterprises in the u.k. and in the u.s. they don't have the sophistication of a city top banker you know they're basically thugs so then they it becomes quite ugly doesn't it it's like fagan in the you know in the not the wizard of oz but the oliver twist oliver twist fagan and oliver twist it all look so so insanely so ok well let's go over this whole program what happened in the united kingdom they passed a program called a bounce back loan program and they had to introduce this because of a originally back in march and april they said ok the government i.e. the taxpayer will cover 80 percent of the loan cost and you the banks issuing because the private banks are the conduit the middleman you the private banks will have to eat the 20 percent you have to take the risk of the 20 percent of us no bank was willing to loan to the small and medium sized enterprises that was too

risky for them they saw ahead they have data on statistics and look at the at that at the case of what happens with the pandemic and they were the honest ones and said no that's the risk of total wipe out for us we're not going to do it so the taxpayer had to bail out they had to offer a 100 percent guarantee for these lines and so at the same time some part of the unit of the government organizing this did say well this is a recipe for fraud and what happened is a whole bunch of elsie's were created a whole bunch of limited liability companies are created out of thin air everybody applied for a loan and they all got it so all of the 58000000000 they're there. they've lent out to these small and medium sized enterprises mostly to small sized enterprises well all of that they're expecting that it'll be as much as $23000000000.00 pounds at a minimum that won't be paid back so the taxpayer will eat that $23000000000.00

a pound car so this is a failed government scheme and it goes back to george osborne's by the let's game remember on the. help to buy scheme by george osborne we covered it we said mother loved it he she thought it was a great program his mother loved it and at the time we thought you know this is just going to boost the price of homes because you're injecting all this ersatz money and that'll just actually make the situation won't get any easier for people to get home because the prices go up by the exactly the same amount of the cash or injecting and sure enough that's exactly what happened and it ended up with price bubble and it ended up with a lot of money in the u.k. economy that would have gone into different types of industries and a diversified economy in a robust economy it all goes into housing so now covert hits of a bubble bursts and he suddenly don't have a diversified economy your contention upon the success of only one industry housing and the banks that made all those loans are in her terrible shape but that was the antecedent to this and now coded hits and they're saying ok now what we're going to

do is we're going to boost the economy with all these more free money from the government oh by the way that's unfair for a 1000000 different reasons so there is going to make it available to everybody all that's not going to work because if you give everybody free money then there's no actual fraction of the economy that would be legitimate g.d.p. growth it's all fake so therefore the taxpayer is going to have to pay and are going to raise taxes and by the way the government is broken have to increase our money printing as well so it's the it's the flipside of in 2012 was the peak britain of the century of the olympics where there the queen jumped into the olympics from an from a from a from a helicopter in the same spot james bond you know that was the peak of new britannia pertaining to this. just slip n slide down again i don't want to just pick on the u.k. and george osborne's mother did love that i do want to be fair and balanced that there was and the people who got the free money from the taxpayers did love the program as well so they you know anybody who gets free money loves the program but the problem with us pondering the problem with the trickle down to remember the

pope just said that trickle down doesn't work the trickle down doesn't work because if it's a system of plunder based on it you've got to get everybody to do it so the fact that all this money sat there and only the plunderers only the fraudsters came forward to take these loans you've got to get ordinary citizens to also participate in the plunder because if they're going to plunder you you know everybody has to enjoy the plunder because although that's the system is based on plunder so if you're not plundering then there is no economy and so this is the situation in the u.k. in europe in america all over the place that the ordinary citizen has not participated enough in the plunder it like ordinary citizens are sitting in lockdown at home and collecting some unemployment but they should be out participating in these plunder programs because that's the way the system is set up and designed and that is why. almost 50 years later if it makes us to 50 years this system has been plunder all the way through i should vest from bankers be able to list blank check i.p.o.'s on

the stock exchange for billions which give them a lot of tude for almost infinite plunder yet why can't the average mom and pop or in the u.k. and in america list themselves on the exchange as a blank check i know they should be doing 1000000 dollar they should be doing that and that's the problem with our economy right now is they're not participating they're too they're trained in all these sort of ideas of morality and you have to be a good you have to pay back your debts and all that sort of stuff look at the way people responded to all of that the debts on donald trump's tax returns there. is are and again like i have to say this is they are causing the problem because this is a system based on plunder it is a system a plan. and yet they refused to participate and that's making the whole thing to centigrade faster because it's causing the wealth and income gap it's causing you know strong high on steroids down the road in an s.u.v. and you know where in this crazy situation because of that but it's just they have

started the plunder of time that has happened over the past 50 years of this all fiat's currency system and it's the day of reckoning the bills coming due for somebody remember if you're not actively plundering you are participating in someone else's ponder as a tax loss i made that point clear in the last episode with n.b.c. and comcast ok we're going to check your break when we come back much more coming your way.

it was a very nice show for a president who knew that i could have said no thank you or i could have said thank you and i said i'll take it and now it's time to introduce my is not bashful close to mr donald trump thank you susan very much for the. name whatever you want to name i mean i don't know how would i come that news that's dishonest tell what i can better recorder or e. network that's totally dishonest c.n.n. is says you know 100 percent negative i can reverse the change fast changes so fast sometimes i'll say wow that's going to be a great story i'd be a pretty good reporter now there's good as you. will see what happens who knows i always say who knows what we'll see on the field it will be a success and. become a battleground in the us in vermont people are demanding the shutdown of a local plant from my yankee is right now my focus because it's

a very dangerous prayer power plant the owner is attempting to run the reactor beyond its operational limits this case just sort of puts a magnifying glass on where's the power in this country where's it going is it moving more towards corporate interests or is it more in the idea of a traditional participatory democracy is or powerline with the people this case demonstrates that struggle in the very real ways our struggle. welcome back to the kaiser report i'm back faster time now to return to our

conversation with this young man as you swap but welcome back thank you max so the 1st part of our discussion in the previous episode we were talking about this virtual reality meets the reality of today i thought very interesting i wanted to get into some other aspects of this i should mention that you've got a 5 part series out called when the world market itself is fake economic value loses any real meaning i want to talk about some of the economics involved here that we've been subjected to and ben victimized by that would be the private equity model is being deployed against all economies using the fed's free money the sanctuary to do a leveraged buyout of the entire economy where do you see this going what happens when there are no more assets and only liabilities left zits well again i mean i almost wonder where that alue is going we know that literally tens of trillions of

it are being siphoned into offshore havens taking it out of circulation and being put into these private secret bank accounts now i understand the motivation of that is street and i understand the motivation and that is knowing that you are stealing and you only you have to hide stuff that you steal because if people find out about it then you know all is said you might actually have to give it back but again we talked about nihilism what happens when you withdraw currency value assigned value and you basically store it away outside of the economy you impoverished everything and they do that on the micro scale with companies they just borrow money you look at the term itself they used to be called corporate raiders then they did make over to live then another p.r. make over to private equity yes. rader that's what we're talking about here you go in you saddle them with debt or you borrow money on debt and then you lay it

back on the company you just bought you hollow out all of its productive assets oftentimes real estate and so forth and it has happened in every company practically every company they touched yearly insert they did it even with more executive cleaners and it basically bankrupt the company owned once productive value companies for creating doubt quality 'd products they used the reputation they used the information of the momentum of that and then just savage it where is that going to go i don't see it going anywhere except creating essentially a worldwide production bankruptcy and a complete hollowing out of any kind of quality in products except those made on a more local level the phone wall street the 1980 s. the roger stone film i believe was the director oliver stone oliver stone and i said roger staats he's getting in the ad business now. and so this was the gordon gekko the corporate raider and doing the leveraged buyouts and his speech about how the shareholders rule and you know we can get rid of the pension funds and get rid

of labor now this this but this film was used as a textbook for 2 generations of corporate raiders and the size of these private equity as you point out it's a reprint of corporate raiding as not into the chileans of dollars and they private equity firms are you know a trillion dollars in size black rock is worth over a trillion dollars warren buffett's firm is worth $5600000000000.00 it's a good it's essentially a friendly corporator firm and as you point out trillions of that value gets spirited away into these offshore black holes and never seen again and you know it's really amazing to me this is if you got the central bankers like jerome powell will testify before congress that he has no reason idea why when he prints trillions of dollars the money philosophy that is the chart that shows how. how fast money is circulating through the economy he has no idea why the money of loss is crashing he just keeps printing and as you point out and others point out and

others you've looked at the big 4 accounting firms who enable this to happen it's quite obvious you can find $25.00 to $30.00 trillion dollars that's now offshore that's been stolen by private equity and such your own pastoral powell is he just a useful idiot and that he doesn't really understand much or is he a complicit but i think i think it's a combination of both he's a useful in it in so far as he i think if you ask me said well what else can i do it's probably what his answer would be and i think he's complicit in the sense that he understands where his bread is buttered right he understands who pays and the understands are his prissy's comes from the understands that if he goes contrary to their precious he's going to be out on his ear so he's a little bit of both and you know to the original question what else can i do i would say how about actually giving money to productive citizens who are hurting right now instead of buying up the irresponsible ridiculous decisions of corporations who are hollowing out getting way too much in dividends saving no

money for a rainy day you expect us to do that what you expect them to do that and you have no answer to that because he knows that the game that's the game is predatory i take your pay and a story well as previous predecessor bernanke of course went to work at citadel and made quite $1000000000.00 or as we're getting that way quickly so i think we can say i believe i can say with one percent conference that he's complicit in this major crime and so let's move on you were living in the philippines last we spoke how are developing economies such as the philippines fairing through this global plunder is this it's not well i mean i can tell you talk to my friends and they're i mean they have you know nonprofits and so forth. you know that the philippines is massively days a cli subsidized by their call center and then it may be their major industry if

there's a huge contraction in the us consumer market there's going to be just contraction and those call centers and it's going to be not very good for them almost at about 20 percent of population is in the metro manila area the only upside is they can now see that the neighborhoods and cities just within a half a mile or 2 miles even up to 5 miles because 80 percent of the pollution is created by transportation this big shutdown down a major source of their pollution and finally you can actually see the air they are qualities improved but in terms of this is a sustainable long term thing for them i don't see how it's going to work so much of their canniest type just servicing consumerism and that consumerism if it against a contract and our began to be automated through you know phone answering machines that have artificial intelligence i don't see where they're going to make up for those jobs i see the same thing united states but definitely in the philippines there just isn't any there there when it comes to a replacement in response to this kobe epidemic so you have the happening all over

the world emerging economies are crashing and there is a rush as a result of the u.s. dollar which you know makes it worse for these countries because it gives the emperor more power sadly but let's talk about something on the hopeful side in your piece wake up and smell the 3 see is community cast and coing so tell us about it it's the way in which real value gets really experienced and lived is around real things alternately. you know i talk a little bit about becoming there but my 3 things are i'm calling is basically gold and silver cash is the u.s. dollar still the world's reserve currency and community i think maybe the most important of those and it has to do with things like sharing. you know timesharing in terms of exchanging work exchanging knowledge that has to do with involve being involved in local economies in

a have to do with communal living as people have to move in together and i see that there's been a lot of benefit to that a lot of the benefit will be on the nominate your level very very high boost in terms of quality of living i made the case in my book listen if you have people you can get along with and you move in together if you go out to see a movie or whatever for a walk as it turns out now. then you don't have to hire babysitters right you actually have other people there and you in your children can play together and if you want to make a meal you know you can just expand the size of the meal you don't have a different as a as a 1950 stared everybody having their own lawn and their own riding mower and their own business you know environmentally intensive. environmentally expensive as well their individual lives and fragmented so as you begin to bring things together we realize we actually share certain needs and we have different things we can get we have a assessor mandarin orchard. in

a row here and we give those boxes away and other people have given us the stuff that they have grown so that's just the beginning i mean it's a very small example you know it's not scalable in many ways but it goes back to what you know charles and i and charles usenet and i have said and many like yourself are saying there's going to have to be a massive localization and decentralization of the economy because it's not serving our needs we need to actually have an economy that enhances our quality of life rather than draining it away the nucular families coming back this all that all that hand-wringing and pearl clutching about the loss of the family and bowling alone and all that stuff we're all going to be living together bake and cookies there's that now i have to ask you this because you said. that people are of course wise to hope accumulate wealth and preserve wealth with gold and silver to mention

the dollar he said while still the most liquid currency out there but it is the dollar is the devil's currency it does fuel the empire and it does cause all the problems around the world and so why not opt out of the dollar as people in nigeria are doing iran zimbabwe and in the philippines people are saying you know what the big coin is my path out of hell is my path out of the u.s. dollar should this be a promote you and charles you spread i mean he's end up because sis were you are you seem to be lagging exists what's happening. i am liking a little bit and i had said that it coined because it it's democratic because of its security aspects and its democratic base says i'm in support of the coin the only thing i'm lacking in is how it can be used to actually trade goods and services on the local level for that i think i am in support of decline in the sense that it can be used the only problem right now because we have these did

going candy purchase with actual dollars and these dollars can be basically borrowed infinitely i'm already worried that major companies are eyeing massive amounts of u.s. dollars and buying a bit quite so that they can control the market there's nothing to stop them from doing that and and if that's the case even though they could be a pretty good hedge it won't be the best on the local level that's why i really really emphasize especially in the near term local currency like cornell has a local currency some people have gotten it together which is a voluntary monetary base that allows for goods and services to be exchanged oftentimes without a lot of tax if it's just trader bar or it's under the $15000.00 tax rate gifting and i think we should be a really look into the creativity around there in the meantime i think diversifying into decline into. all in silver helps to have this again hedge into into reality the decline is really powerful because it is the most standard currency in the 1st

. community and it has actual law change so it has a security system that has a way that it's developed which is not heir to simple manipulation by governments very very in support of it for that for local use and every day used it's that has yet to be developed i wouldn't be opposed to helping to work with you max in helping to create in the data systems that allow 'd get going to be split up and then also cycle then and maybe even tied in with local currency so that we can go ahead and get out of the cia currencies that are being controlled by very few people or comments about control of the coin by corporations are misguided and but we don't have time to get into that today since i'll have to take you on a private session but 1st thank you for being on the kaiser report all right thank you max thank you for educating me. oh we will educate you and that's going to do it for this edition of the kaiser a par with me max kaiser and stacy herbert want to thank our guests yama yana us

1st name zeus and these got a great essay when the world markets office fake economic value loses all real meaning until next time buy off. join me everything on the alex salmond show and i'll be speaking to a guest of the world of politics sports business i'm showbusiness i'll see you then . with election day looming it's important to ask how donald trump has changed the g.o.p. if at all is there such a thing as trump is just a political openness. understand why does the law get in the 1st place just listen on the right.

but he called for an end to hostilities in the troubled nagorno-karabakh region as moscow says it will mediate talks between azerbaijan and armenia to help stop the fighting. meantime in the zone combat's intensifying between those neighboring nations with locals caught in the crossfire forced to flee for their lives. so as meet the rebels at the finish there's a petition you're with for love with most ways you know. by sea route. it has been almost 30 years i still see the image of my land in front of my eyes. also this hour questions of evidence moscow cast doubt server the water bottle said to prove kremlin critic.