and. you. always. come to your list to. follow i'm max foster this is the kaiser report you know we're going to talk about it but before we do i just want to point out that before we start on this show that negative interest rates telegraphing something global and the population. wow we were right didn't know exactly what it would be having said that

i'm now going to throw to stacey herbert because she is packed in here i want to check in now so what the audience can understand what you were saying is last year around june of of 29 you asked royce of gold money dot com how on earth negative interest rates could ever exist because never in history had that happened and he said the one thing it could possibly be suggesting is huge decline in population whether through choice that people just decide not to have children or a pandemic then it would make sense you know a lot of our system is quite massed up and we just refuse to where we have so many sunk costs right that we can't really change course the globe is orchestrated with the infrastructure of finance and banking and geo economics and globalization and

trade as all engineered for just in time so there's a kind of inertia that happens when something like a black swan arrives like a pandemic and we all are just sit there waiting for something to happen or for it to go away because the system can't deal with it so we're going to look at some interesting stuff coming out now that the world health organization and the u.n. are saying what was obvious to many people were allowed to say it because before you would get the platform for mentioning what was obvious and that's part of the problem of why we have no adults in the room i were not allowed to have any conversations in this era where hillary lost in such a humiliating resound in defeat in 2016 a lot of people aren't allowed to say anything publicly anymore about very big sick things so 1st before i get to what johns hopkins university says about the situation globally regarding covert in particular the u.s. and its failure to deal with it is that dr david nabarro of the world health organization. boy uncoated 19 he was interviewed by andrew neil on spectator t.v.

now and you know everybody knows was you know at the b.b.c. we had had some huge shows like did some really powerful interviews and he talked to this guy from the world health organization and basically dr david nabarro tells me neal we really do appeal to all world leaders stop using lockdown as your primary control method in his exact words or paraphrased i'll say is that we at the world health organization do not advocate lockdowns as a primary means of control of this virus he the reason why he says that is because they predict a doubling of the poverty rate in the next 12 months and a doubling of childhood malnutrition so there are costs to our ramshackle lockdowns and our failure to stop this pandemic right there is the population as the negative interest rates we're forecasting you know in summer of

2019 but see what you're describing there what thought the came to my mind is that we in the united states and other countries don't do nuance very well it's always very good bad right wrong stop go in it's not very subtle there are no shades there's no discretion there's no self autonomy and i think we're going to start talking about masks here in a 2nd and the thing about it is that there is an element of commonsense to it that is being completely overlooked because it's not something that can be dictated to in a purely binary black and white fashion and in the in the that confusion the vagueness is this growing problem it's just the fact that we no longer have adults in the room we're not allowed to have a conversation we can. have to be so you can even discuss the un itself says they

said this back in june that $6000.00 infants a day are dying now because of malnutrition 2 to the absence of of basically the u.n. and other organizations being able to deliver food and prenatal care to their mothers and stuff like that but if you say that then you get the platform to write because well you you want people to die in america like there's no discussion able to have that we have to look at the whole balance sheet of the world and our domestic economies and say well you know what's the reality here which is the truth and how do we proceed from here so like everybody has been saying that donald trump is responsible for the 200000 dead but the fact is america doesn't have the manufacturing capacity so even make p.p.m. that was from the beginning from day one we saw what was happening both on the federal level state level and local level why didn't we why were we unable to shut

down well because we couldn't produce masks right we couldn't produce personal protection equipment that's why you still can see from those early days world health organization and other sort of bodies like the c.d.c. saying masks are necessary don't use mass because there was a shortage of them but they didn't want to openly say that i don't know whether it's they just didn't want to you know bureaucrats don't like to be looked like they're failures or that they didn't want to cause a panic i don't know but the fact is we didn't have any sort of honest discussion about the reality of our situation that we find ourselves and thanks to our absence of manufacturing thanks to our just in time delivery system thanks to our food system that delivers mass obesity to the population which is also leaves the population so vulnerable and huge relatively high mortality rate in the u.s. for a while it comes to moral hazard you know in the pandemic 1st set back in february the question i pose. to the global audience was will this be

a crisis sufficient enough to overrun the ability of central banks to paper over the crisis because for the last 30 years every crisis we've had whether it's a market crash or the 2000 subprime crash or a hurricane or ecological or depopulation or wars always been met with paper printing by the central banks and as long as the interest rates keep going down there's no penalty for issuing all that paper as we've seen now for 40 years interest rates have gone down so now here we are in the end of the year the question again is is the cove in a crisis big enough to not be able to be fixed by central bank money printing and i think what we're discovering is that it is quite the answer is yes because now we're starting to see the bond market tick down we're starting to see interest rates go up if that 40 year bull market ends because of cove it that means

that the global g.d.p. roughly 102110 trillion dollars will be cut in half in what people around the world are feeling as a result of this failure of paper money to fix the problem is they have a feeling kind of like they've contracted a flesh eating amoeba right so they see that part of their leg is being destroyed by this flesh eating amoeba and the question always is do we cut it off do we do it take the leg off when we take the leg off bell going to cure it i want you to lay a while now it's up to your hip and you're saying oh no what now what way do i go i cut my both my legs off and it's unfortunately the policy makers are aren't in a complete trance they're not acting their money printing isn't working and that's only thing that they know how to do and there's no cure so this is you know i think could be the end of the bond bull market which has been for more than 40 years in the making so let's look at what the new england journal of medicine says and they refer to some job. hopkins center for systems science and engineering and their

data look at the data across the world and the title of this report is dying in a leadership vacuum basically says that the us leaders have taken a crisis and turned it into a tragedy and of course you can look at it federal state and local i mean look at new york city look at what new york did you know super resistance super democrat super like the smartest guys in the room and yet they also failed they had one of the highest rates of mortality in the united states the magnitude of the failure is astonishing according to the johns hopkins center for system science and engineering the united states leads the world in $1000.00 cases and deaths due to the disease far exceeding the numbers the much larger countries such as china the death rate in this country is more than double that of canada exceeds that of japan a country with a vulnerable and elderly population by a factor of almost 50 and even dwarfs the rates in lower middle income countries such as vietnam by

a factor of almost 2019 is an overwhelming challenge in many factors contribute to this severity but the one we can control is how we behave and in the united states we have consistently behave poorly it's systemic at this point it's almost 50 years of an all female age and we were the kings of this age and it left us very lazy and left us ignorant we don't even know how things get produced anymore and that showed we we have an absence of expertise anymore you know everybody wants to be a celebrity politician and you know be as wealthy as nancy pelosi and be in power for decades where we don't have that sort of authority and expertise nobody wants to actually run i mean government that's so boring and tedious and just dull like low income compared to what you can do you know hanging out with lobbyists and stuff like that but you know when they point out the vietnam our mortality rate is 2000 times higher than they had of course you have to point out that vietnam is the number 1. 1 country in the world with the least obesity so you know

these are the sort of things we should be asking but cable news of course is a clown show so they're not talking about well why does vietnam have the least amount of obesity in the world and why are we we're not the highest that we're certainly in the top 10 percent so like why you know how does that happen is that our food system is that in this industrial sludge we all eat like what is it so we're not having that remember the phrase disaster capitalism. there are a lot of good crisis go to waste i mean that was the arrogant montra of these obese political leaders who felt this keep printing money and no matter what the disaster the falls on us we can always print more money and pocket it put it in our pockets velocity just goes to 0 we just trouser all that cash well now called it is just flipped on its head and now the obese are going to lose and those who are not abuse like them in the maze looked like they could be weak winners of course we also like

pushed out billions of $1.55 in the p.p.p. loans but it went through banks so something like 200000000000 never even got there because the banks couldn't even be bothered even though they got to keep like a huge percentage of it and then here we have the health insurance companies so they go on to say that we failed at almost every step in life in testing that they do more tests in zimbabwe kazakhstan and ethiopia than we do here because the profit right they don't they're not going into it for it because of the public health emergency they have to do it pretend to do it but they can't charge $10000.00 like they normally would because they don't get out of bed for less than $10000.00 a day and those countries don't have meaningful central banks that they can just print all day long and print the money away they actually have to be responsible and they have to live within their means and they have to obey a basic rules of accounting speaking of accounting we have to account for the fact that a break post be taken right now. and then we come back after this don't go away.

l. look forward to talking to you all. that technology should work for people. i robot must obey the orders given by human beings except where such orders would conflict with the 1st law show your identification you should be very careful about official intelligence and the point obesity is to create trusts. like to take on various jobs and with artificial intelligence will summon the demon . the obama's protect its own existence is.

not going to those who know about the battle in the struggle of all this. the only one making a weapon quiet while he's not. out of the. clear we hope to be but there are here are some friends of the us are skills of the soul hoping to do something to see. the child for sure. they have about the possible alibi going in the most simple with someone that you know we're

going to have. room welcome back to the kaiser report i'm max kaiser time not to go to steve king author of debugging economic seas now living in thailand while riding out the storm of incompetency of covert policy across europe welcome back steve gain good to be sort of you and i have generally a good one i want to get your perspective faris a thailand that many people are talking about thailand they have mostly eradicated cove it what is your life like in thailand or restaurants open molls shops is life relatively normal what did thailand do differently to amsterdam from what you fled stave well it's a lot fish completely normal to max i mean it's just being out sokal right on the

dick sokal pocky i was going to have dinner in july really supposed to talk to you instead did what having walked inside the restaurant and show temperature taken by an order ending the aussie. example curious everybody's wearing a mask as they walk into the restaurant they sit down and say i'm off when they're eating i go to a gym nobody wears a mosque in sa the gymnasium you wear a mosque in public transport and that is very useful in case there is any community outbreak whatsoever they have been streets homes in the last 4 months when somebody has been in the country with coated sewer breaches one was a mystery house after 100 days 0 cases occurred because of those because those people will mosques when they went into the you know shopping centers everybody in the shop you know where in the mosque so when people who contagious didn't possibly under all the people so the grand total of the number of people in thailand it's

been good barebone its population is the same as the u.k. of the 64000000 total number of people 3006 $152.00 at least a 1000 of those. of concert carmen st john who deaths 50 not many countries in the world have positioned this crisis as something of a 0 sum game you have to decide whether you want your economy to be working functionally or whether you want your citizens to be healthy is that true and that doesn't appear to be that case at all in thailand what one of these countries getting on steve well it's that basically realizing this is a trick and judges disease that they're all the sorts of thing it's just the flu it's it's about 10 times as different as the flu and about 10 sponsors contagious and so if you're if you're late one cats get into the community it's not the little bit what they call the odds are on which they give a series of one person in 63 it tends to be one person gets into

a crowded venue in a fixed 300 or so that one tries to get in it just explodes and watan and has done what taiwan has done about musial and almost destroyed mongolia they had them they went for eradication and that means a high total lockdown well only the people who got essential jobs are working at it by essential jobs on and it will during surgery nurses and doctors. people making by sea food and doing food deliveries those are your essential industries you keep your monitor and says those people there you know every every day you make sure no outbreaks occur and within 2 weeks if you do it strictly enough within 2 each going to notify the only groups that actually have been in months there is families and households of those for the transmission of that everybody else can go back to work again a couple of weeks off of that and it's gone and that is pretty much what tom has

done it wasn't quite that fosse but they broke the country down in their $860.00 foggles. districts nobody was allowed to travel between those districts without a good. and including a note from the gulf on up so it was only food delivery and so all the provinces alternately it was stamped out and it no longer exists in the country and if rest of the hold on that because it would have been. is could have been as brief as a one of the hot months to 2 month process and it's and then nothing to our ego in the future because of this child abuse how often looked down upon so the west has done its cross which is going on now for at least a year possibly 2 years kind of demonstrates a very different way of governing a nation. and style of governing a nation and i want to you know stacy herbert my son for came up with this kind of idea simultaneously interesting it's almost as if you know after world war

2 you had one country standing and you had essentially japan it been wiped what wiped out europe had been white and the u.s. was the winner of world war 2 and it went on to have what we call the american century and it was uniquely positioned for this the the american system of government in that the economy the people the character it all fit into place it seemed almost as if this coven 1000 crisis is a similar in that world war 2 and that now we've had this enormous global pandemic a global war of lobel crisis and as we head out from the crisis some countries were in a great position and they will lead the 21st century and some countries didn't approach it in a way that made any sense and they're going to be left behind so that the u.s. looks like it's going to be left behind in a country like china looks like this will be the chinese century coming up and that

the covert exposed or revealed the system of government that was uniquely positioned unqualified to deal with this global crisis. we are thoughts and. i think i'm going. way back in about february been following this courtesy of reading christmas. morning about the virus ending up with a treat the end of december. and i said at the sign that it was likely given the incredibly strong lock down the shot it did which was draconian i literally did well apartment building dollars shop so nobody could get out of the a pop one and nothing to get in but as drastic as that was it meant they exterminated the virus very very rapidly and shot his total price count is about $90000.00 you compare that to america's coming up on a 1000000. it's incredible the effectiveness of a top down government with people do walk the government tells them to do it has

gotten so far atenolol months of course but if you've been to china been there many times now people except in the sense i said there's a it is the state has a legitimate role in china is society it's partially satanism as a moderately benevolent big brother but you don't want to you don't want to be brothels the dickens all who have lost its it's all one person can go it's one person and the result of that heavy handed approach is there are no no credit in shot at china's economy is now back and we're going again so it really is a sign that a strong state system is nor effective against what we face in front of office and what i think will hasten climate change when the libertarian the sides the chicken leave america but also of course of europe right it's not about partisan politics either and yeah china's got an authoritarian government but the coven the crisis it weren't for them it's like i remember somebody it's all they want something some

days or the windshield some days or the bug right it's just. you know if this thing happened then the us. style doesn't work in a crisis like that. but china does and now they're really going to leapfrog into the 21st century and that's just a statement of fact i mean it's not a partisan question really now. also supranational organizations like the world health organization you know they were talking about they expect lockdowns will double global poverty. they they came out against lockdowns they were initially have kind of a mixed message so again thailand as a sovereign country they kind of with their own way i don't think they listen to anybody except themselves and the world health organization doesn't seem to be particularly helpful steve now in the intro though because oceans become politicized like any of those international bodies ultimately and they're also

constrained by the by their own financing good at the count's out of the americans to some extent initially they count out to the chinese as well when the chinese are downplaying the whole thing the child was. lucky to have the experience of solace before had some from around 2000 and that meant they had a public health system designed to handle and emmett's and then experience the many pandemic with sobs which they managed to erotica but meant they were prepared if something like this now the west's at the same knowledge we know that during the bombing there was the war got into the and then it there was dependent units set up on the say they say which truck abolished to save money because headache and hot is people lighting when you need them conscious that's why only 210000 americans have dogs. so it is preparedness it's awareness that you're going to need something which needs croydon notion and it's a community a community which in general accept that because of saying yes with assad's and of

gender in general cynic says success of public health so with the gotten about a good public health public health and through the west which won the i am not is in the not in thirty's and without it we'd have thought. we'd have all we are would have all these different diseases we've managed to radek by public health campaigns and in that sense the american whole system was uniquely suited sile because it cost you money to get anything done and therefore you don't get tested and therefore you infect your friends and your family and your work associates so it's a classic case of where the limits here in philosophy america is suited to the days of cowboy capitalism not capitalism and now we're in a very very crowded space ship and that central control is much more effective the same country that went into hyper production of bombers and tanks and although our 2 can not menu fact sure masks i mean them a lot right there so now going back to 2009 steve king you came up with this

concept juhi for the people all and that was not what happened in seoul the billionaires made hundreds and hundreds of billions more now here we are in 2020 and we've got effectively for the people in gyp's and drabs and programs and different ways to inject capital into the economy directly from the fed we hear but is it too late now because the economy especially as the cause of it crisis has revealed seems erap rable so are these efforts going to have any impact at all now they would have in 2009 but now it's 2020 but it might be too late your thoughts they've not think it's something we can still do it max and demean the hof like stuff that has been dumb has made the situation far better than it would have been without the 600 doubles a week the americans got for a short while was actually using dos commented on your show some time ago a boost of the income for a lot of families actually save more money and spent more because it was the the

wages they're getting they're in it to economy but at the same tom they've got rent they have to do you have some old mortgage holidays rule happens is the bank dispose. your payments but it adds the money to the principal and then shot year additional interest on that additional principal when if we ever get out of it if we have to get a vaccine if we can go back to something resembling a pretty pandemic area plenty of people to go bankrupt because the momo gets to go back and now they've lost their jobs they don't have. the rent they'll get it if it's of holding what could happen as the financial fallout from so it is now of more tom than ever what i call the modern digital and the interesting thing is we scrub it shows this in this also cool because the sky of government spending and deficit is a stock reisa than anybody would have contemplated in the uk it's on but problem

the sky thing fall in it stopped the scar from forming and let's keep on going let's do a modern digital it's a rich use debt levels to one. which would be roughly sustainable the rights to a route sign up thanks ben on cars report thank you matt all right that's going to do it for this edition of kaiser a far with a nice keyser and stacey herbert like to thank our guest dave king you can find his work at paid 3 on dot com forward slash profits steve king until next time by al. it's sort of amazing country with river so many friends in russia and i'm very excited to be here. yes i love that

idea i think i can do the. different nice to make a lot of money with. hundreds of me. here's a nice well there's a not a great wall and nobody feels a lot better than me believe me and i'll build a very inexpensive like a great great wall. 'd just in case you're worried about who's going to pay for it mexico will pay for. it will see what happens who knows knows it who knows what we'll see on the field will be a success. a dark industry comes to life in los angeles every night. dozens of women sells abilities on the streets many of them under-age. los angeles police

reveal a taste of the daily challenge no if you're going to exploit for a child here in los angeles they were going to come out of your busy office is going undercover as 6 workers and customers to fight 6 trade. islamic radical radicalism strikes again in france says president emanuel mack wrong calls the beheading of a teacher in paris an act of terror. washington rejects russia's proposal to extend a major nuclear arms treaty between the 2 nations just months away from expiring. also with coronavirus numbers now surpassing the peak from earlier this year curfews in restrictions are being reimposed across europe. as their latest news headlines for this hour my colleague neil harvey will.