and this is how in the why in the when we see the melt up because the smart money michael saylor paul tudor jones blackrock have figured this out and they also figured out that price discovery and gold has been shattered due to the financialization of gold gold is now no different than money sorry to have to tell you that folks but that's the truth true price discovery now that reflects the money printing go per is because i have my hand on them and the money gone i don't feel like pulling the trigger yet but i have my i have my finger on the on the trigger i don't know exactly one of the political i have my own that are we actually have a money preacher go but in about to take the treasury janet yellen is up for treasury secretary.

oh janet already in there may. want to but you sound a lot like plucky. right she does sound like fucking well that's going to be the 1st time i think this is part of the reason why i mean obviously because it is responding to the increase in money supply but it's also responding to the incoming biden administration and the belief that they are going to be able to get past the congress in the senate this 7 trillion dollars stimulus plan we would put a central banker in the treasury so that's really we're a little late to the ability to devalue it but again like before we have bombed atlanteans then we had gold vigilantes and they prevented the u.s. treasury and the us federal reserve from devaluing their money like this but those 2 entities the bond vigilantes and the gold vigilantes were basically co-opted through financialization and through the ability of the fed or you know the ability

of investors around the world and other partner trade partner countries to accept that the basic exactly right the bond vigilantes were put out of business by robert rubin during clinton years yeah and then the goal the goal and he's got put out again by larry summers and the obama transition team in 2008 they financial eyes gold and put to rest the gold vigilantes the big coin vigilantes like. michael saylor paul tudor jones blackrock mass ritual thousands of hedge funds millions of investors they cannot be extinguished by financialization so it's a one way bet up yet these central banks coordinating globally as know we princes called it colluding globally they've been able to get away with it because basically the mainstream media has been pushing a sort of paul krugman line is that these us dollars are backed by men with guns and don't you dare you know become of on vigilante don't be

a gold medal anti now everybody is a bit quaint vigilante this headline here biggest monetary experiment in economic history combined balance sheets of g 10 central banks has topped 50 per cent of g 10 g.d.p. due to unprecedented central bank asset purchases he writes in 2010 but he means 2020 the question is at what level does confidence in the power of central banks start to wane it's waning right now and that's a big point tells us i predict that very soon you'll start to see headlines on bloomberg the new york times wall street journal that say the u.s. dollar is down today because of that coin going up and once that connection is made oh my god because you go up dollar down then you're going to see a crack up in the big point price and a total collapse in the dollar price or as you know is known in russia for example they had to shoot us a lot of people a crack says we say just because it sounds like it it well yeah it was even after

knowing who said it 1st who taught us this word but it could be small because it is spelled s m u t s a just because you know it's most ok now russia said to split us they've had. our 3 depending on down you know they have the balls revolution you have the collapse of the dollar in the late $9090.00 you have. to see a regional one. in the times of you know after ivan the terrible kid died on the right the rise of. the number one right now the us is about the experience of and so is the world because the world runs on the us dollar currency you can have a smoke there right now and right now that all these free up money currencies are in a hyperinflationary collapse against pick one right you know because that smooth case anybody doesn't now and i hope you correct us whatever we get wrong here but you know what the 1st one was that were dynasty that collapsed you know that was i

guess ivan the terrible everybody knows of him and then there was like a 15 year gap of chaos and then the roman arms rose but the chaos is what we've been experiencing especially since 2008 but it really started back in like 2000 post the crash and the rise of china into the dead b.t.o. in 2001 so the chaos was already beginning then and then the chaos went hyperbolic in 2008 we see that with the money printing figures here's the beginning of the hyperbolic move that's in 2008 the response to that crisis here's now so as you see it's getting crazy increase increase if you are in 2008 we said that the response would be to do the exact same thing but $10.00 to $20.00 times bigger we were saying that for 10 years and now here we are 10 years later and they did exactly the same thing they just extended the credit line of all the bad banks do the exact same thing all over again but 10 to 20 times bigger and the result is a crisis 10 to 20 times bigger and they thought they could get away with it they thought they could collude their way and they could print their way but the big question arose and it arose specifically to do battle with central banks but it's

delivering order it is actually delivering order to the chaos so if you've ever seen a chaos theory experiment and go on you tube and look for it you know it starts off like this it's going a little bit out of order and then it's go whoa whoa whoa whoa whoa and that's like what our financial markets are now that's this that's the insanity this the crazy that's it's it's flying off its axis. right and then bitcoin but because it came along right here and then was slowly slowly and then this is the suddenly of going bankrupt of the u.s. dollar and this is the suddenly becoming the world's reserve currency for big clients like they're going hand in hand there were these they're working together that looks like a big quaint chart going all the way back to 2008 right spontaneous order is what bitcoin accomplishes and few understand this it brings spontaneous order because it's the hardest money ever in history humans gold did

a fairly decent job for many years thousands of years but it got entirely financial life in 2008 in a span of relegated to the status because it emerged in its imposing absolute spontaneous order based on absolute scarcity and what this does to the human soul is it creates absolute moral adherence to the cosmic consciousness of truth and that is something we've never had as simmons and what that remains is the absence of fear thank you won't return 21 it's the year fear dies yes because we've left 2020 which is the end of the end right this is this is the end of the end 50 year because of course the u.s. dollar turns 50 this year and in august of 2021 but to sum up 2029 trillion dollars of monetary stimulus worldwide in a single year by far the highest amount we have ever seen 3 x.

the size of 2008 oh well happy new year since that's the size of the parable of the money printing that has happened and i think you know they present a calm to the markets and to the people you know they go out there and do their press conferences and they perhaps have to take some sedatives to appear so calm but the fact is i'm sure behind closed doors there is absolute chaos and panic. no spontaneous truth that because it is opposing the minds of academics and the congress around the world that inflation is running at 15 or 20 percent a year because inflation is based on money supply not on the government reported figure of c.p.i. that's not inflation the inflation is 15 or 20 percent per year money supply growth and that's why pick $1.00 is going into a parabolic move higher because it reflects the truth the truth well they figure that if they give it to 2 people jeff bezos and he'll on mosque that they're for the money they know for

a fact if they give money to just that top 00 point one percent or point 0001 percent it doesn't trickle down right if they isn't even lost bank account is safe states and jeff bezos bank account ok maybe his ex-wife as well but the fact is it just stays there so in 2020 we saw one trillion dollars added to the there's almost $600.00 billionaires in america they had one trillion and while all of that half of that $500000000000.00 went to just the top 10 so mostly to jeff bezos and even mosque so if it's just concentrated on just 2 or 3 guys then they don't have to worry about inflation spreading around but i also want to say another point about janet yellen the former central banker heading into the treasury former federal reserve chief janet yellen has made millions and speaking fees from crony capitalist financial firms many of which benefited massively from fed money printing him bail outs yellen earned more than $7000000.00 in speaking fees from firms including citi group goldman sachs and google so this is what is coming

a continuation of the swamp a continuation of the corruption continuation of brioche let them eat cake you know throwing it at the people and somewhat remarkable that they don't see what's happening right in front of them with bitcoin it's it's telling them it's it's like on a loudspeaker outside is like you know this is the end yeah i mean there was a cover story in a major publication 3. 4 years ago that had big one on the cover and they called it the truth machine i could have been time magazine and yet nobody saw except for viewers the kaiser report of hundreds of thousands around the world have now become pickling millionaires through the show here welcome we're going to take a break and when we come back much more coming your way.

and then as that happens the usual. but if you have australian visual they go this route yet there are people. who are. used to me comes around to the notion. that it's an issue. that he did say they don't believe that introduces the chief. economist at it you need to go to church for this new look at a lot of these old that i don't you know pretty chilled or this or moving a choice to be on your boat it will show you such today with a message from the postal order over out of this roof through with don't be fooled the coke were full of can churn you. point of soup they're beautiful i hear them. for you never. you know would be mean. to put so that the new. black cola what their ambitions are their hair for more gas than. just.

gould. b.s.t. when you're in the morning with you're the longest lost with less heat in you are just stuck i don't know if you just want to also let the speech into your pride you will know when you are going in the store usually is. l. look forward to talking to you all that technology should work for people. a robot must obey the orders given by human beings except where such orders would conflict with the 1st law show your identification we should be very careful about official intelligence and the point obesity is to face transplants of the shia. conflicts on various shots and with artificial intelligence will summon the demon.

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in the depths. or remain in the shallowness. welcome back to the kaiser report i'm max keyser time now to get a crack empty oh of t. f. metals report dot com craig welcome back max happy new year great to see a well told us starting off on a good foot a strong foot look at good so we want to check in with you and get your forecast for 2021 you've been on the money last few years what what can be expected 2021 craig camp well more of the same which is good in bed right the conditions that have been driving this market since late 2018 continue maybe have even gotten more substantially bullish since last year at this time but you know the the fight is

endless though against the system and how it's priced in that will continue to but i think it i have a my annual forecast that i'm just in the process of finishing up i have it out late this week maybe over the weekend coming up that's when i usually shoot to have it out and i don't think it's unreasonable max to at least shoot for something like last year maybe 10 percent past the all time high that's what we did last year and another 20 percent year. it's in the metals 20 to 25 percent gold years pretty good and until the system breaks. it will take it that sounds eminently logical and certainly the money printer go brrr is not going to stop going by her and that's been driving price a call and let me get your comment on this fellow by the name of luke grossman on twitter had the following tweet he said that because one's price is simply doing what paper gold leverage has been doing in recent decades because it's chart is

reminiscent of what a chart of the number of paper gold ounce outstanding per physical gold ounce looks like so look roman a saying that because it's price maps paper gold not. physical gold your thoughts you know i saw it to max and luke is a very smart guy very nice guy not sure if you're heading on but he be a great guest i look down that twitter thread and he kind of clarified his thoughts . is to what he was trying to get across which was if there was no paper gold market the gold price would look a lot more like the a coin in that until we had this futures market developed in big point the last gold big big coin run after the having in whatever that was 16 or 17 you know they came out with the big point futures right and that was the last time big queen ran in and peaked in actually sold a little bit of my 5th coin then figuring you know if the banks are going to get involved and start coming up with big coin alternatives or big coins substitutes

like they have for gold for the last 45 years then we're probably in a period of a tough period price that turned out to be right and so anyway i think what luke is saying is there are now who knows i mean you can even count the types of alternative or substitute or a digital pretend whatever you want to call it gold ownership but there's really not anything like that a big point big corn is more just supply and demand which is why i bought in the 1st place so i know i think that's what looks getting at but. for gold to move like big coin we need to get rid of all this plastic fake gold that's out there you know the unallocated accounts that e.t.s. hey max did you see i'm reminded there was a story late in december that might have caught your eye but i know you're busy guy goldman sachs bought out an e.t.f. from the perth mint ok was the when the perth myth set it up it was redeemable for

physical gold goldman sachs bought it out in the very 1st thing they did was eliminate the ability to redeem it for physical holes and that's kind of what we fight in the gold market i mentioned it earlier this pricing scheme has all of these. those alternatives to the real thing that are you know made to pass is the real thing and that's what is helpful in suppressing price sami and this is i think very insightful and it certainly kind of gets into i've been saying now for a number of years and that the the paper goal has been increasing every single year and writing new all time highs every couple of months the physical gold prices been relatively stagnant but the paper gold supply has increased almost exponentially and we've been talking about this for a long time j.p. morgan just paid a huge fine for manipulating the price of gold and how they do that they create fake paper gold contracts and they sell them into the market and they put

a lot of downward pressure on that price they were signed almost a $1000000000.00 and $2.00 pay that fine they manipulated the gold price some more for a bit a $1000000000.00 there's no there are laws and regulations in place but they're not in the banks and here to those laws they don't follow the laws and there's no enforcement of those laws so it doesn't really matter it's not a law and order issue right because the f.c.c. or somebody could put in new laws but if there is no enforcement of the laws we know eric holder under obama said it was constitutionally outside the scope of america's purview to prosecute bankers because they are a privileged group of special people is what he i paraphrase a little bit but i think luke goldman is making a good point there are echoes with what we've been saying. for a while and as you say the big corn is able to experience actual price discovery of supply and demand something completely lacking in gold and would you say that's

a fair statement a lot of folks think that this idea that the price of gold is manager manipulated is somehow some kind of conspiracy theory ok. let me just get you a little history so i think it's relevant to what you've asked. big coin pretty much exists on just supply and demand at this point will gold used to as well you know we're on the gold standard after bretton woods in the nixon close a gold window in 1901 if anybody would ask people to go back in google if you want to know more about this google the term london gold pool that was the last time the world tried to exist on simply physical gold like they're trying to exist on this straight up supply demand a big point what happened is there's it was in such scarcity the price began to skyrocket the people that wiki leaks unearthed on a 5 or 6 years ago a cable trum the u.k. i'm pulling the subsecond read it myself word for word from the u.k.

department of elect and economic affairs to the u.s. department of treasury kamal is dated december 10th 1948 the futures market for gold these you know here's an alternative to owning physical gold was established and began trading december 31st 1974 ok 3 weeks later in this cable that wiki leak wiki leaks on earth this is from the u.k. department of economic affairs to the u.s. department of treasury to the dealers expectations will be the formation of a sizable gold futures market each of the dealers expressed the belief that the futures market would be of significant proportion and physical trading would be miniscule by comparison also expressed with the expectation that large volume futures dealing would create a highly volatile market that would dissuade physical ownership that was the beginning of all these alternatives and now you've got physical gold which you and i own but then you've got these futures contracts which are not relevant to any physical metal at all you've got e.t.s.

there are backed fully by physical metal if you can redeem any at all you've got an allocated accounts from you know all over europe and in australia all of these different forms of gold that are accepted as gold when they're not when they're not the real thing when gold will perform like bitcoin. when finally the music stops in the people that think they own gold when instead they own just some allocated futures contract or some empty e.t.f. when the music stops in irby demands ownership of actual physical metal not this synthetic stuff that's when gold suddenly looks like big coin again and surely were happening this all together that's why big quit doing what it's doing because there aren't there's a futures market but they're not own allocated big coin funds held at u.b.s. right and so it's a much more supply demand market gold will get back to it there eventually meant when it does it's going to be fun let's talk about this stop the music moment and i

think what we're hearing what we're seeing is talk about a new pressure woods to talk about a global reset which means that the powers that be sit down at the table like they did at the brant was one they were a architect the global 4 x. park it based on who's owning what gold. the u.s. at that point because it's under owning ownership of gold relative to the quadrillion or so derivatives and the massive debt they're holding has got a very weak can at the poker table and there's a shock revaluation upwards in the price of gold as what's happened in 33 under f.d.r. when they try to reinflate the economy with a big reset conveniently krag everybody's on lockdown so you won't have much protestation on the street because they get arrested for that you know i guess they're going to do the reset at the same time when they get the lock down to a point where they feel it's safe to come outside and say oh by the way off your

feet out money just got marked down 80 percent and now with gold is a lot higher so it'll be one seismic trade up now what about silver silver is not you know exposed to the same kind of manipulation as gauld to what you're forecasting 2021 for solar you know there are a lot of folks out there i mean even like big investment banks max then the 4th quarter of last year began printing reports saying $40.00 silver and $50.00 silver and the like. if we continue to see the dollar go down and i think we will but it's never going to be straight down but the dollar could easily fall another 10 percent this year as measured by the dollar index so that's going to be a lot of rocket fuel for silver in all commodities there's a lot of folks that are picking up on this general commodity breakout general commodity bullishness you mention gold and revaluation up where you know i always said the central banks maybe don't mind a higher gold prices are working so hard to spark inflation and so you know i don't

think they really mind higher commodity prices either as inputs and so yeah we could very easily see silver rally so would be a lot like gold as we could get in the 1st half of this year is gold makes new highs versus last year. like you said it could easily really quickly move 10 percent higher just like you did last year got above 1020 move 10 percent higher to 2100 gold to do the same that's going to spark a lot of interest in silver and a lot of interest in the mining shares if you want some bank for your buck i want to ask you about that because you know there's a lot of. fund manager it's who like to rotate in and out of hot sectors and down and down and forgotten sectors and there's no down forgotten sector more down to forgotten and the gold and silver mining sector trading at under 10 times earnings versus tesla what is trading at over a 1000 times earnings their cash flow positive at this point their dividends are

going up i would think this sector is could be a breakout star 2021 yeah find another sector that has all those things going for it like you said but nobody believes you know after a couple of decades of burning through cash. in underperformance it's going to take another big push up in price i think to finally set the rocket on fire you know an inning at some retail push to max you know some of these robin hood people stuff like that you know piling into some of the junior miners and explorers and it could be very exciting that's what we saw at the end of the last you know real big period of negative interest negative real interest rates bull market in the seventy's some of those mining shares easy went from $0.50 to $50.00 so those days may be coming again but the meantime yeah you get some institutions finally involved that will kind of just set the ball rolling for now and you're right tremendously undervalued for the amount of cash flow they're creating and and what their earnings per share

are they what's the discount code for your website seeing how it's january 2021 people might want to get involved max thank you yeah you know we've done this before for everybody i mean there's couldn't be a better time obviously than right now to start paying attention to metals again my sites only $15.00 a month but sometimes we can run a 50 percent. coupon just you know cut the cost in half in come kick the tires just go to t.f. battles report dot com at check out a monthly subscription just enter the code max house at that's easy enough yeah i like groupon yeah the corner of the bathroom is always the best because max program peaked a.f. metals report dot com thank you my pleasure max it was good to see you all right and that's going to do it for this edition of kaiser report with me max kaiser and stacy herbert special guest greg empty bottles report dot com until next time.

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this hour's headlines stories twitter permanently donald trump back using him inciting violence it follows a similar move by facebook raising yet more questions over free speech on the power of big tech wheedles what they're doing is they're going out in expressing our message that it's ok to go ahead and send sort of a speech if you do not agree with the problem is that trying to address the speech will and pocketed them too much on the cocktail. party years from roger stone

a former advisor to jabal trump and one of the president's closest allies he thinks the.