103 trillion dollar credit needed to support global growth so that's what they were saying back in 2011 today we're saying we need a great reset the same people what makes us think it's going to happen now instead of just more talk talk talk talk the thing you see in there is i think what it's still reeve involves that $103.00 trillion dollars in credit so i think they're going to combined with the same calls and the same exact week from the i.m.f. or a new bretton woods i think they're signaling that we're going to have a new brand was an a great reset you hit delete on all their bad debts the quadrillions and hex the tilia ins of bad debt out there that gets disappeared and a new bretton woods comes in and they're seeing this as perhaps like one of the c.d.c. he's a central bank digital currency issued perhaps by the i.m.f. or the world bank global s.t.r. maybe these are some of the ideas but i think this is what they're seeing they're

hoping in the global institutions are hoping that this is just a moment for a great reset oh definitely it definitely will be because they've run out of capacity to shoot it at any money now that they print goes directly into inflation and people are saying that when they go shopping they notice food prices are going up and that's why a lot of starvation in america so. i hope they reset or they could have to get a lot of body well of course into this election we're seeing also the dramatic escalation of covert cases in europe in america so on top of this obviously the economy is not going to be able to have that sort of pretense of operating i think at the same time i know we talk in the 2nd half to kyle bass about china china is recovering china has generally had a v. shaped recovery so they can continue to manufacture stuff for us but that's the interesting thing the grate. a reset in

a way will also expose that we don't actually have to work much in the west right we don't have to produce there create wealth because we could sit at home in a pandemic we call it lock down but the fact is we still get paid the u.s. economy is still growing and so you know this is these are the election day themes that happening in the middle of a i think a declining empire and the you know the great reset they're hoping for a right so this gray reset they've been talking about for more than that day the cove it crisis is forcing their hand and so we can expect the this to really happen in new bretton woods a new recalibration of the word world's currency grid really factoring into the global market of gold and gold reserves is what happens during these great resets and it's a great big accounting it's it's like the bill has arrived for

decades of sloppy accounting and prophecy and debt bingeing and corruption so now that the bill arrives at the big table of the reset and the global powers decide who pays what. and according to what you're saying there looks like. the u.s. to pay the most because that economy is the worst in terms of how abusive it's been in using the world reserve currency the u.s. dollar to expand its empire of. to the far reaches of the globe in the head you know many of this now no longer works right and this great reset that they're hoping for that they're wishing for that they're willing upon the world the new bretton woods in the great reset i think is also connected to that build back better you know the very mckinsey esque sort of brave

new world ask sort of dystopian sayf i sort of phrase that used to exist in those horror scifi films that you would see when you were a child of like the voice coming on build better better we're here for you this community is a utopia you know so these sort of phrases think about it where who conjures up these who comes up with these sort of ideas mckinsey mckinsey is also listed in this time magazine world economic forum story because part of the great reset they say will be a jobs reset why intentional learning is the most important skill to learn right now right well we might not actually have wealth producing jobs for you you might not have manufacturing because you know there is a sense that america wants to be great again that americans want to work again that they want to go into a factory they want to build things they want to produce stuff and not have

everything coming from china instead but what we're going to have instead is intentional learning and mckinsey calls this essentially although intentional learners are experiencing all the same daily moments anyone else might they get more out at those opportunities because everything. every experience conversation meeting and deliverable carries with it and opportunity to do valid and grow imagine being on the savannah you know a 1000 years ago and there's a tiger running towards you and they're thinking how can i use this experience to educate myself and what might be a life saving proposition i know i'll run like hell and that also maybe save me or maybe not other tigers on the savannah are only lions us the question i think all the lines tigers are in the india they're in another continent really as if you know instinctually i could not possibly delve into my conscious mind enough to

figure out that to save myself i would want to maybe run that is in the excess of bull to my non mckinsey mind only when i plug into the mckinsey network of consultancy and my able to tap my own mind to think that the approaching lion or tiger would eat me and that running could be a way to escape that eventuality or as they put it a deliverable deliverable in this instance would be me. and ronnie and i had to pick mckinsey $10000.00 fee to help me understand that there's a connection between me surviving and not getting eaten by this rapid speed which i can move my legs in the opposite direction thank you mckenzie thank you so much as well that's really good point ok because what mckinsey offers is

basically a way the population is so divorced from nature. production of wealth wealth creation. real food like we have an economy based on fabricated like goopy food right the fact that we you know they're counting on that but you won't actually know the experience you will have the instinct to run when you hear i say the real me is that obvious to gaslight everybody so no have any sense of who they are or what they do or what their instincts are in the mckinsey says when we know we have a solved problem for you we can help you understand what your true instincts are when you feel that pain in your stomach after not having a for a while that's called mckinsey hunger and for 10000 dollars we'll show you how to buy a ham sandwich in fact i believe the united states is a government by and for the people that who is gaslighting you are those people who come up the great reset and the new brand woods and these sort of mckinsey

organizations that they gaslight you into forgetting that you are government by and for the people that you know this is the fundamental foundation of what they want you to forget they want to kinsey the ms miers ation. mckenzie hypnotist ation yes to get people into a state of lifelessness and delusional self-doubt and they only have the solutions for you this cost so i think this intentional learning is basically them abdicating removing the last tether of responsibility or communal spirits of the government is like when they ship your jobs to china when they did that what they said is that we're going to retrain you we're going to rescale you we're going to everybody should get an education everybody should have the opportunity to go to university and what happened is well most millennial generation z. have up to $100000.00 in debt for going to university and now they for merged and there's no jobs there are no jobs for it was the difference between the word

education and intentional learning did you go to school for an intentional learning experience or for an education. mackenzie is trying to bamboozle you by saying that our program is not about education because after all there are schools that do that and you don't need mckenzie so we're going to rebrand the word education as intentional learning and you have to pay us a consultancy fee for that in fact i think they're going to eradicate we don't need to educate you we don't you we don't even need to reeducate you just go walk around the neighborhood we're going to stay educate we're going to send you some free money we're going to send you your u.b.i. we're going to send you some m.m.t. and just go experience the world tim and don't ask questions so as to globalization to try to fix haitian did dollars ation and di education and dnd of this this yes that is 1st and then the 2nd half will be doing more.

seems wrong. to shape our. engagement.

find themselves worlds apart. to look for common ground. sputnik 5 has the world. just like its namesake the original sputnik. the 1st croft to leave. orbit the world's sidewall many questions remain unanswered about russia's new vaccine the authorities are confident enough to go forward with mass production. credits puzzle for. what the assembly states please we may see you may see life in the kid i was. to receive. intros preliminary requests. williams those of us all fresh overseas.

all right this is happening all the way go on the reaction has been exactly the same as it was way by. journalists not. the world reaction is made of green cheese. where you look a little before you.

welcome back to to kaiser report imax kaiser time now to go to kyle bass chief investment officer at hayman capital carl welcome to the kaiser report great to be here max now this interview will air on election day sell us to some spit balling hair you're a well known china bear i think that's safe to say what do you make of i would call myself a changin realist a china 5 ok what do you make of china policy 1 under tromp in his 1st term what would you expect to see him if an elected over the next 4 years kyle i think what

you've seen out of the trump administration is more of a whole of government approach to thinking about the threats the existential threats that china i think brings to the united states and what i mean by that max is there were worse that we could be fighting with them one is of course the one we hope to never fight which many were where the u.s. has a very strong word. you know the other 3 wars or the economic war where we don't have a war department cyber war which were maybe top 2 or 3 in the world and the last one is the information slash data work where again we don't know what we're so when you look at what's gone on in the trump administration and i think the president has pretty gather a team through his national security council through f.b.i. director read a through the n.s.c. with o'brien. 3 general are where and then you have commerce and energy

they've all come together to try to map out a longer term strategy i would i would give the administration. pretty high marks on organizing against china i think they're just now starting to really get their stride and unfortunately we have another election you outlined for you know attack vectors are i guess you. column you're saying that we're prepared maybe for one or 2 and not for the others can you just dive into that a little bit more because it covered a lot of ground with that and i think maybe flesh that out and when you look at it the worst that we're fighting with china today we're fighting 3 of those 4 wars right we're clearly are fighting a narrative war with with the chinese propaganda department as as evidenced by their their actions their official actions on twitter there are no official actions what are the u.s. the chinese government newspapers and journalists in the united states and online.

so that words being fought mostly by china we're not we don't really have a propaganda department here or let's just say a narrative department in the government that properly combats china's aggressive narrative so the other the other war that we don't have where department borders is the economic or what we've been doing is whether it's treasury or whether it's commerce whether it's they were kind of feeling economic fly balls as they come in and it's very difficult to play defense at all times which i think the united states has been doing i think we need a cohesive economic war strategy against aggressors like china and i think that whatever administration we're going to now november 3rd that administration better be fielding are putting together an economic war department to look at the malign intentions of the chinese communist party so if biden wins do you 1st see. a shift or a change in approach to the us kyle my only inside and to any answer that question

is out what i've seen publicly so you know whether i'm looking at jake sullivan's public speeches or people that will be foreign policy advisers the president biden kurt campbell takes all of that and you others they are talking a a a game. of a harder approach toward china now max i'm not sure that is largely because the public's. let's just say disinterest in allowing china to continue. and coerce the united states were geo with us and in a in a in a way where they're not when they're not acting as a responsible global actor those you probably saw in the most recent pew report china is not polling very well amongst the voters in the united states and so i wonder if the rhetoric that we're hearing out of the foreign policy adviser

regroups that advised biden are playing to the polls or are they really talking because if you remember under obama and biden and again i'm not trying to bring to fear anymore bush 43 did the same gangland of the same thing. i just i feel like we prostrate ourselves hoping that the chinese would become responsible go whacked or would open their capital and out and live live by the laws of the globe and unfortunately it went the wrong way maps and so i do think that what i'm hearing and what shakes elements that in one of his speeches is there by administration won't train human rights or trade now i hope that's true because we're engaging with a evil regime that's committing amongst the worst crimes against humanity the planet seen in the last 100 years and we seem to just be turning a blind eye to it right now of course when china was admitted to the world trade organization i believe biden's comments at that time when it was presented to him

that china would be in a position to become highly competitive with the u.s. and economically he kind of put a political thing and aside it was for posterous notion so we know we know that that take take me back a few years kyle because it wasn't that long ago when we spoke about the china u.s. relationship as us korea some buyout of relations. where we were sending all of the manufacturing over to china america was the consumer they were buying our treasury bills analysts all in perfect equilibrium and economists loved it so was that not true or was true or what triggered the change just seemed pretty recent that that whole narrative that same like a glorious symbiotic narrative fracture of what happened china made a lot of promises with her and she did in 2001 if you go if you want to do something interesting google secretary white highs or rational speech in

22.72009 the 1st 10 years. of china's deputy oh ensurance in ascendancy and when you look through that report there's a lot of great facts given that's 10 years old now but what it shows us is over 4000000 jobs last in the 1st 4 years the united states or economy hollowed out our industrial sector this idea or symbiosis or how to win win relationship with china was predicated on the fact that we believed that if we open ourselves to them and showed them what a rule of law she simple property ownership and respect human rights could look like if they further democratized we could make china again irresponsible go after artists there our i mean think about the difference between north korea and south korea south korea as g.d.p. is many many many multiples of north korea's g.d.p. and let's just say their populations are similar and you see the 2 diametrically

opposed economies and and one is very wealthy and very prosperous and is a response to go after the other ones despotic you know communist regime we are hoping china was going to choose the south korean way and not the north korean way and unfortunately max they went the other way i think that our we have we have finally understood. amongst across all of our difference the government should china's maligning and what they do with the actual property that. bribery in foreign grew up practices around the world we understand the way they operate now and i think china is orderly and that's why we are we are well in national and asia that is in speak of there with south korea of course the u.s. has a huge military presence same too and japan u.s. as a big military presence you know china what i what i find interesting is that china

is competing on the global stage and they are obviously a the similar in nature their economy in terms of it being export driven capital driven it's not communism is a word is it is understood and they are producing some pig heads like tick tock was is a huge hit in terms of its success and financial is going public as the largest i.p.o. in history nearly 300 times oversubscribed my question is this kyle. they're beating eating our lunch competitively on finance services on new technology that that many tech unicorn's now at what point do we in america say we need to actually a buckle up and start competing and artificial intelligence in these financial services you know the u.s. is way behind if you bend asia and europe you know that they've been vast financial

services greatly so i get the egg at that side this isn't their human rights abusers i mean they're evil but at some point they're just going to eat up the global economy and dominate and the us so my question is. can the u.s. catch up i mean we have to ask that question and it's like a i n 5 j the u.s. respond so do we. launch a sputnik like space program and say we you know we just got to compete without it we need to buckle down so my question is is that a fair characterization is the us a behind it and as it isn't do you find it ok to characterize this in purely competitive terms like the u.s. in one way to attack the us would be to outcompete china kyle i actually don't subscribe to this view that china is eating our lunch for the answer i think what you've got to do that whether it's an financial or ali baba are ya china or

budweiser asia look there's a bit there's a large economy in southeast asia and. some of these some of these i.p.o.'s this is more money chasing fewer deals or larger deals. when you look at china's economy max and we're to remember they have a closed capital account the world if you look at it look at the swiss data and you look at the global banking system less than 1.7 percent of all cross border transactions settle in chinese currency r. and b. if you exclude mom kong it's 0 and so no one around the world trust china will accept china's money why anthony answer is so vitally important to us national security we think it's the largest trojan horse. spiral sheen ever built it is the answer mantles our writer ali baba the internet bills. and that's nonsense and. what they're doing is they're building

a payment rail across all the bill and road countries where china wins money today represent 62 percent of the global population so what they start doing is worsening the world to adopt their pieman rails. by gallic means that. that subverts u.s. dollar has monitored position around the world that requires dollars come in to china to buy the weeds we pay a units of r. and b. but it doesn't require china. to open its capital account so imagine if you are the world's supposedly you have the world's 2nd largest economy because we give them a credit we convert their entire army based economy to dollars at the current spot rate either their capital counts so you say max. what you have to realize is we hold all the cards today we as a country all we have to do is women chinese access to dollars because they

are not acting responsibly. we can bring one crop practices act cases we can use our own rule of law our own legal system to work against chinese business practices i mean the only way the chinese companies infiltrate africa south america central america and what we've seen and because he does have a look at g t 20 countries around the world have brought bribery cases against. fact and. has achieved bribery officer in a c b o all we have to do are start exercising our our laws and forcing them to become more sponsible global actor so my view that i do is if you if they were to open their capital account they would be the 2nd largest economy when when the us is this west system global payments to censor and to apply sanctions hasn't in iran and other countries do you think that's a good idea or should it be more open and try to foster more because otherwise

you're opening competition up to these competing systems kyle my view is swift and big the western alliance of western democracies. using to impose economic sanctions i think it's our sharpest tool it's our number one weapon in the economic work all right. report. and that's going to do it for this edition of concert for with me max geyser and stay separate like to thank our guests best over their payment capital if you want to reach us place to the next time by al. qaeda was

a very nice show from president putin and 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 it's not special mr donald trump thank you susan drew much was the. name whatever you want to name i mean i don't know how would i come that news that's dishonest telecom that a recorder or networks and totally dishonest c.n.n. is says you know 100 percent negative. change fails changes so sometimes i'll say that's going to be a great story be a pretty good report another as good as you. will see what happens who knows who knows what we'll see on the field will be 6 of us.

has a history complicated and heated presidential election what's different this time is that the biggest political events of the last 4 years is happening amid the coronavirus. us of them to the level of civil rights by the death of george floyd in. and the why of the radical groups on both sides of the political spectrum. right there rick this is your chance. to say. these groups attract barely a week members who have taken to the streets making protests look like full scale what you see here was only a taste of what's about to happen this demonstrators are sometimes heavily armed and they are not afraid of violence or law enforcement. if you will of war let it begin with us. we're going to meet those groups and their leaders to find out

how far they're ready to go to fight for what they believe to steve for this country. polling stations open across the eastern u.s. as the presidential election gets underway and businesses are bracing for potential chaos at the prospect of a drawn out vote count and civil unrest. donald trump's personal lawyer rudy giuliani speaks to r.t. and accuses big tech and the social media giants of backing the democratic congressmen are using to give the democrats hundreds of millions. of tax you know the things they own the democratic party. as the familiar claims of foreign meddling hang over the trump biden clash we hit the streets of moscow to find out who russians are rooting for.