on that they need free money too especially since the economy has been shut down they're asking for free money and they want 2000 that was the message they want more money give us more money where is my money well that's an important distinction the free credit that's given to the cantillon heirs allows them to buy stuff like chateaus or fine art or vases for very little if not 0 cost because that free credit doesn't have any interest rate attached to it and they buy this stuff in the price of that asset goes up fueled by the free credit that everyone else in america they've got a credit card which is 161718 percent they've got to go to payday lending shop which is 20302000 percent what i call interest rate apartheid it causes they can till it merits a cause of their wealth and income gap now the government is in a quandary they have to print actual money and distribute it to the peasants of america let's be honest so we're talking about and the peasants are upset because

they've had their country stolen from them so now we've got a genuine peasant revolt like we had in france or we have the bolsheviks revolution we've had many revolutions over the centuries and now merica finally solving its 1st major peasant revolution the bizarre thing of course is it's come about 2025 years too late the can tell you there is already long ago shift away your manufacturing capacity so when that money printing comes and there's no goods or services being produced with any of that that's a recipe for total chaos we already see it like the markets the ones that are allowed to trade freely gold markets are not allowed to trade freely because of course the psychological warfare from the central banks and that's what they engage in right that's what fed speak is they try to retain your animal spirits they they want to make sure that people don't save too much because that undermines their authority and their system but. what the free markets have been trading are the

commodity markets are too massive like all of the agricultural goods the base metals the industrial metals all that sort of stuff they've been rocketing but of course between as well just has been going bizerk because also like the wall street and institutional investors they're getting into it and they're the ones that finance the political system so they know it's going this is them like front running what they know has to come because those if they don't want the present storming wall street they know it's coming but they're protecting themselves and that's by going into bitcoin so as soon as you know there was the last county left in georgia and they had a weird confusion about how many votes were actually left outstanding and then they said they're going to shut down for the night and they're coming back in the morning and what happened is because it went like this i'd like to like it immediately recognize that you know that the democrats were going to have enough authority and power in the senate to then pass the 7 chilean dollar stimulus bill

that the biden administration wants so it was immediately responding to it whereas gold didn't gold actually kind of fell right there's no price discovery in gold right we now know for if you look at the charts for every kind of move in money market paper current derivative creation. there is a move in pick one but it doesn't reflect in gold because that money market to rivet of creation is use to create artificial sell orders on gold and that's been a conspiracy theory for a while until jamie dimon and j.p. morgan just paid a $1000000000.00 fine having disciplined now shown to be true that they were manipulating the gold price in exactly the manner i just described and have been saying for 10 years and they paid that $1000000000.00 fine by guess what i mean if you're letting the gold price well that's a pretty strong enforcement agency you got there over at the fence in s.c.c. . good job eric holder remember him he said that prosecuting bankers was amoral.

now know the people know that they could ask were money and they finally are asking for that and with us chuck schumer say well schumer says $2000.00 checks will be among 1st agenda items one more not an osa are sworn in in georgia so they take the senate and then the 1st thing they're going to start doing is sending out money of course they're going to need that right because the market front run the markets front man the peasants the peasants the people are going to be happy with a $2000.00 but they're going to pay more than that in the inflation because the speculator investor wall street class is already knows that money's coming in they can they they've already collateralized that they know ok they're going to have 2000 more to spend we know where they spent it so far we're going to like front on that and charged more right it tears $2000.00 and by the way

a purchasing power just drop more than $2000.00 so it actually we took money away from you and the the wall street crowd and because there's a front running this for sure and this is an amazing moment in history when the money spigots are used to prop up 50 falling regime so i mean i look at those photos coming out of venezuela the ball of our littering the street like we've littered the side with this paper money and that literally is coming to america why my republic where they were wallpapering their homes with the german currency at the era this literally coming to the u.s. they are going to debase the value of the $1.00 to 0 and the dollar goes the way of every single money paper money regime of the past 300 years they've all gone to 0 in the u.s. dollars going to 0 or you know in the case of one of those currencies of the last 99.9 percent of the. purchasing power effectively 0 if the dollar this is 0 and we

have more about that in the 2nd half. all currencies the whole grid like the dollar is the global reserve currency so if it affects everybody it won't be easy but everybody is front running it by going into commodities by buying things who knows how much china over the past decade or 2 has been stockpiling huge amounts of resources ready for this week we don't know how much of those resources that they imports they've consume are if there's just storing at chris hayes mainstream media people news corporate guy said vote for us and we will give you money is the apocalyptic nightmare that conservatives of all stripes have been terrified of since the dawn of democracy which is a good you know he's chairing it obviously is like haha you have to give the people money and it's a great juxtaposition to that ben franklin quote and you know most of these guys like chris hayes and rachel maddow think they're like way more clever than the likes of ben franklin and bright but he was probably the most clever of all of the

founding fathers and you know that notion of a republic or a democracy that was actually debated and discussed whether or not you know you wanted democracy or republic i like a protocol a rules that nobody can violate even if they have the most a majority of the population yeah that's a very important distinction with this money printing now coming coming along what we're going to see finally is inflation for real when you print credit buzz going on sense greenspan in the mid 1980 s. you have this bifurcation in the economy where the central bank can claim that there's deflation because or they're printing debt and debt by definition you could say is deflationary so they're printing debt so yes deflation and now they've come to the point of the present uprising where they're going to start printing cash not debt so now prices for food and energy are going to. go up 203040 percent in the

next 18 to 24 months so now you're on lockdown you're not getting a rise in income of 20 percent 30 percent everything's going to go up by 30 percent so the peasant revolt starting to get more i just want to remind people that this is not the way it was supposed to be in the constitution they specifically say money is gold it has over they input in particular say the states the individual states so north carolina cannot issue credit other than in gold and silver because the united states itself the national nation the federal government did not want to go to war because north carolina owed money to france say so that was part of why they said that but yet the federal government could issue credit and they're going to do that now they're going to start issuing more money and so whether or not the system can sustain obviously biden is the sort of guy that will work with the i.m.f. and un unlike trump he was definitely against those people and they were signaling what they want they told us during the election cycle they said they want to new

bretton woods so that could be something that they're on board with and that's perhaps like they're playing. with decline i can transact with you and nothing can stop it it's nonsense or balls on confiscated ball is protected by an encrypted shield and that encrypted shield cannot be pierced by any government any group of governments or any computer and so we live in this encrypted shielded environment called because that is outside of the nation state so nation state we don't care if you go away and you should go away because you doubt the usefulness of your 2 central banks time to go the 2nd half.

so what we've got to do is identify the threats that we have it's crazy. let it be an arms race off and spearing dramatic developments only really going to exist they'll see that strategy will be successful very critical time to sit down and talk. the war in syria has lasted longer than world war 2.

has been suffering the most in this almost undoubtedly long conflict regular syrian people. need is more than when you might. not could see everything with my own eyes inherent to stories of its residents one group in particular russian wives of syrian man. they were led to. look up to his nationalist. welcome back to the kaiser report i'm max keyser time now to turn to a cloud of called money dot com ouster welcome back thank you for asking me max a lot of people ask me why i'm so smart and there is as i read out of a cloud over there called by dot com you just wrote the following the u.s.

dollar is probably not even going to make it to its 50th birthday in august it looks like they've got a very bearish outlook on the you asked dollar alister fellas and what's happening basically i'm afraid the u.s. dollar is already in hyperinflation now that's my definition of hyperinflation which is as follows when the money printing goes at such a rate that it is really beginning to take over the finances of the company of the country rather and that race of printing will accelerate because it cannot be stocks stand by definition we are in hyperinflation if you look at the 2nd half of fiscal 2020 that's ready for march to the temple last year. government finances were paid more by monetary inflation than by tax revenues so ready you can see how dependent us spending has become on financing it through inflation now that was last year this coming year we haven't even started dealing

with the money printing that's going to be from the 2nd wave on top of all the corporate failures from the 1st wave the contraction of bank credit that is going to become a realist you you have supply chain disruption which we've seen i mean that. that's a continuing story with contains all in the wrong places around the pacific rim. there is absolutely no way that the fed can avoid having to print an accelerating rate so by that definition we are already. in hyperinflation let me just repeat a number there that you're talking about south here saying that the tax revenue is collected by the us i believe it's in the $3.00 to $3.00 nafta and dollar range is as the last than the amount of money they printed to cover their operating expenses they are now entirely dependent to cover expenses on printing money and the tax

revenues at this point don't cover it right i'm talking about the 2nd half of last year i mean the regional deficit full cost from marx's to september was around about $537000000000.00 now after the fall in revenues and the increase in outlays. that meant that the n.s.a. estimated 2nd half deficit reduce from that 537000000000 to 270 says sorry 2774000000000. march to the q.e. between march and september was 1467000000000 which was 1.1. 1 just just over one times the the funding if you like of the of of all that deficit it's about $11.00 times so with the american government not dependent on monetary printing to pay its bills

there is no way back for us i mean unless somehow someone has a mandate like mr biden to just stand back and let the whole system crash i don't really believe that that is the 1st option i believe that the u.s. government's 1st option will be to try and keep the show on the road and that means . accelerating money printing and the destruction of the dollar so a lot of this money printing and the effects on terms of inflation has been hidden are masked by the fact that number one the government doesn't report on the actual prices that are. flatting let me give him an example where. michael saylor all right micro strategy just bought a 1000000000 and a half what the big coin and he keeps saying that look the my balance sheet shrinking at 20 percent where do the money printing and that's the real inflation rate they said the government number is false do you agree with that i agree entirely with us and indeed threesome that big corn and of ether and other similar

leading cryptic currencies have been says spectacular is precisely because it's the point that mr same as made go last entirely and it's not just the cryptocurrency s. i mean if i look at ether in bitcoin from the 20th of march which was the last business day before the fed made it we will do anything that's required we will print 120000000000 of q.e. monthly that was on the 23rd so the business day before if you take the prices from that to today ether is up 761 percent because it is up 459 percent these 2 are the canary in the coal mine when it comes to the inflation of the 5th month of the 5th currency right south because we have actual price discovery with bitcoin which we don't have in galt and we don't have anywhere else what bitcoin is telling us is that the u.s. dollar is right now is in a hyperinflationary collapse against hard money that being that quite often you

mentioned joe biden there for a 2nd let me ask you this he won the $2.00 runoff seats in georgia on the promise basically of $2000.00 to every american plus a 7 trillion dollar stimulus and that doesn't sound very good for the dollar either i think it's just a continuation of what we've just been talking about the last 3 or 4 minutes is precisely that i think we have to accept that no politician actually has any option but to encourage the fed to print to the point where the currency is destroyed there is no other option that dollar index which is widely quoted i think of the symbol as d x y it's roughly. trainer at 80. in error scenario where does that go in the next few months 20 dollars he goes lower for the very simple reason that foreigners and something like $27.00 trillion of financial assets and deposits in the banks so that is far too much for the current trading conditions i mean fine having

an overweight position in the dollar if you believe it is rising and furthermore if you believe that trade is going to improve over the next year 2 years 3 years but that is no longer the situation so the foreigners are turning sellers of the dollar which is what's happened so far and they will continue to sell but the real crash in the dollar is against commodities and if you look at what the commodity is john i mean it's been quite spectacular i mean i'm looking at lumber that's up 170 percent silver is up 115 percent oil up 113 percent i mean these you know when you get everything rising it's not just sort of specific to each individual commodity what it's telling us is the back of the dollar through the respect to commodities and we've already seen it with cryptic currencies is forming now this is. the beginning if you like of a collapse in the purchasing power of the dollar quite simple and this is also reflected neck which is because a lot of the q.e.

as of going straight into financial assets with you know so if you like normal interest bearing financial asses equities and things like that and so consequently i mean we've seen a nice back up 81 percent since the beginning of last year. the s. and p. up 61 half percent so these are all pretty strong numbers all pointing in the same direction and you just confirmed when you look at money supply m $1.00 money supply is up 54 percent last year so in a way the evidence just piles up and piles up about what is going on now a bunch of taken. another sort of rabbit hole if you life and that is quite how this is going to turn out why is turning out the way it is and what the comparison in the past is the comparison to me very very clearly is what john moore did in france in $720.00 basically what he did was he printed money to ramp up

financial asset prices at that time the financial assets where the mississippi venture and his bond croyle. what happened was that by doing that he tied the future of his currency the lever to those financial assets so when there is nothing scheme began to fall over guess what happened the currency bit the dust now this is exactly what the fed and other central banks are doing today when it comes to their approach to q.e. the whole idea is to try and create a wealth effect by puffing up markets so that. you know this way the whole economy sort of carries on everybody's happy is exactly the same policy that john law had but on a global scale he was a present time keynesian and what are we doing we're doing if you like the logical extent of keynesian economics which is basically to inflate when you ever you've

got a problem in faith in face inflation in this case they've been in facing to puff up assets when that fails and it will fail then the dollar goes down with it they just check the decks around 90 but you're saying that it's another one of these indices that are not giving any kind of good price signal actually looking at commodities you would get a much better pricing on terms of what's happening to the dollar certainly and because you're getting a price signal about what's happening to the dollar that john law incident in france chester a is remarkable and on gold money dot com website there is a document for. starring me max kaiser and james turk that actually explores john law and the french collapse of their economy for those that are interested now let me ask you this bretton woods 2 and a great global reset are being talked about ok so i don't think the policymakers around the world are ignorant of what you're saying here that we're in a kind of

a money printing death spiral and they need to take action and it looks like a bretton woods type situation coming back. they have to benchmark these failing currencies against something. like gas that's going to be gold right they're going to all come to the poker table and try to sort out who's got the gold and then recalibrate like they did in bretton woods part one alister i think that is the end result but that 2 very big hurdles to overcome well in fact 3 you cannot return to a gold standard or a gold exchange standard without addressing the budget deficits you need to cut government spending in order to make it stick otherwise in the case of america 8100 tons of gold could actually disappear quite rapidly the 2nd point i would i would make about this is that everybody is a keynesian in. central banks and in the us treasury for example

certainly in the bank of england that's very very true they are not going to give up on that keynesian theory is likely and they will they will try and pursue them to the bitter end before they finally have to give in. turning that ethic currencies into into if you like a mechanism whereby people can swap them for gold that's the 1st thing the 2nd thing i would say as far as the u.s. is concerned i think they have a problem that. they would be very reluctant to give up that dollar hegel many because they see it as vital when it comes to the unspoken financial war against china and also russia if if gold came back into play they would see that this would hand enormous power to china and russia russia isn't necessarily planning for it goes down to it but she could move there very very quickly china

has a lot of undeclared gold of that i'm very certain and on top of that citizens also have a lot of gold probably about 700000 tons so there is a wealth benefit if you lie. to the population from a return to ghost town to say talking about political gridlock there because when i sat down to the brand was table all in order for some kind of gold standard to come back all these countries are going to have to do a simultaneously joint debt jubilee which you think would be politically impossible because they're wed to debt or keynesianism and they see debt and keynesian as the modus operandi of their system so they're not going to do that number one and number 2 that the u.s. government in its current position would not be willing to hand the ball to russia and china because effectively that's what would happen in a bretton woods 2 situation so they end up with political gridlock so nothing happens we're going to take this to a 2nd segment ouster as usual you're just too brilliant to contain in one segment

so i say goodbye now and talk to you very quickly thanks for being on kaiser report my pleasure and that's going to do it for this edition of kaiser report with me max kaiser and stacey average want to thank our guests from a cloud of gold money dot com until next time buy ya. think.

yes franklin kind of one of the architects of america and gates all this out i was going to add when you can both are free money the republic is done and this is what just happened in their 2020 a lecture people voted to for free money and now it's officially her ben franklin if it's got it done. in the war in syria has lasted longer than world war 2. who

has been suffering the most in this almost and back in long conflict regular syrian people. need is more than when you lie for many years you know the strangest thing i could see everything with my own eyes and hearing the stories of its residents one group in particular russian wives of syrian man the apostles. they were pleased to look up to his nationalist words. was abundant make no certainly no borders i'm just delighted to nationalities. because of my little time with the we don't quite seem. to stick to.

judgment come in every crisis we just received into modern times we can do better we should be. everyone is contributing each in our own way but we also know that this crisis will not go on forever the challenges for the response has been much so many good people are helping us. it makes us feel very proud that we're in it together. i got this 8 millimeter film purely by accident. time period 963 to 65 plays damascus. i don't don't know why young. i've watched it many times

a man posing the monuments and all poster of the hollywood premiere of town without pity and a fight in a market so with uppers it's. i had my doubts if i should waste my time on this but i came back to that film over and over again tracing a sequence of events happening in syria at that time and those who worked there alone would on the review. in the clinic which incidentally neal curiosity is like a perpetual motion machine it lives on without a lunch break and then suddenly i saw him stop let's take another look now at low speed this is key like 0 on a super spy who some consider a national hero and others an evil villain an israeli double o. 7. because it's blood some and they at the.

at the on shore still. it. was my. god to take me to your computer or. rush just testing a scaled down version of the sputnik vicodin vaccine requiring one of those sensitive to some meats rising global democracy. elite is openly criticize the us. tech giants a boycott of president trump saying it has worrying give blake asians for free speech. and the british prime minister is spotted cycling several miles from downing street in an apparent breach of his own government's lookdown rules.