you even draft sets out plans to limit u.s. dollar reliance a draft european commission policy paper highlights the european union's vulnerability to u.s. sanctions and to financial risks the paper highlights the e.u.'s vulnerability to u.s. sanctions and to financial risks as the bloc looks to assert its independence both economically and financially i mean whether or not they. this at this time has teeth you know the fact is over the past few years we've seen led by germany that it is it is building up this notion that the e.u. needs to have a their own financial settlement layer beyond us sanctions that was germany that led that it was because of a trump bringing back in the sanctions against iran even though a lot of german companies already had started relationships with them under obama's peace plan exactly so did dollars ation declaw ballistae so the diggler old

officials also a big factor here because heading into the 21st century we're heading into that period to globalization that means that all of the globalization that went on with the u.s. dollar as world reserve currency is cracking apart is breaking apart germany in europe you know they've got energy reliance on countries that the u.s. the has decided is not go or not going to happen or there shaking about are nervous about and so the european union is like look you know we we're not going to freeze to death you know we're we need energy and so or if it means de dollars ation and developing parallel payments games and parallel ways to do business around the world outside of the u.s. dollar you know that's what we're going to do if they have the energy needs there but they also have you know germany is a really high tech producer manufacturer of goods and china imports a lot from germany so. if they lose that market because there are

a lot of tensions between china and the us i mean obviously maybe that's going to change under biden because he has a very close relationship with china and he helped get them into the deputy oh that's just the inevitability we've been covering that for a while now we're going to move to another story about this global system this global dollar system this empire of debt the last days of it right so that shows that you looking for an alternative to the u.s. dollar shows that even the closest ally and one well probably the biggest trading bloc in the world they are looking for an alternative that's an end to the ability to project power through your dollar which you can freely prints and just like a press of a button that's easy but then we're moving to another story about perpetual that and unfortunately this is from george soros i know a lot of the conspiracy theorist will then jump in the comments but nevertheless he you know he is the guy who broke the bank of england and he has interesting things to say because he's like at the top of this of this debt pyramid scheme these these

hedge funds the private equity the guys who are like the kings that are ruling you know that they have and they benefit from governments having perpetual that so he's saying the economic crisis is worse now than in 2008 there is only one way out let's finance britain's budget deficit by issuing perpetual bonds and taking advantage of the fact that global interest rates cannot fall any lower i have long championed professional bonds these are bonds that never have to be repaid only the annual interest needs to be paid to some this may sound like a radical idea yet professional bonds have been used for centuries britain issued professional bonds called console's and 752 and later used war bonds which also were perpetual to finance the new poll aeonic wars the us issued consuls and the 870 s. whether or not that is all collapsed and nothing is another thing but this perpetual bonds this utter contempt for the future and future generations that is. you know

more and more evident this compression of the now you know that trying to pull so much further into the future with argentina they issued 100 year bond this is perpetual bond so like 500 generations from now we've already spent all your wealth right soros is a good financier but it's not necessarily a good physicist and perpetual bonds the likelihood of success just as you would if you're trying to create a perpetual motion machine right it doesn't work and perpetual bonds don't work because it's just another name for quantitative easing it's just another name for debt monetization is just another name for hyperinflation against real assets like big coin and to some extent gold so i'm surprised you would go down this path of advocating a failed policy unless it's kind of like a double fake right because you didn't break the bank of england by destroying them and force him out of the exchange rate mechanism back in 1903 so he might be

setting them up for another huge $1000000000.00 george soros scam i don't know why sticking on the u.k. suddenly but you know it's a but i fire in the u.k. i why wouldn't go with this with this way memory serves there's an allegory in australia about magic putting it's about a putting that you can eat it eat it eat it and it never goes away and i think the story ends tragically but anyway stacie right so let's turn back to this with george soros and what he's saying is that he does point out q.e. is essentially this he says although it is generally unknown by the general public the european central bank has already introduced perpetual bonds the e.c.b. has purchased massive quantities of government bonds as part of its quantitative easing program the experts know that the e.c.b. has no choice but to own this debt in perpetuity he's saying now the treasury the u.k. people themselves should be on the hook for these professional bonds rather than this credit it's not actual money that the central banks create they can't create money they can only create credits. they create credit and they they've built this

giant bubble up but now we're seeing like with biden administration m.m.t. universal basic income all these things are now like trying to turn all those credit facilities that have large this wealth an income gap that they've had perpetual q.e. now they want perpetual money for the people they want perpetual rents moratoriums they want permanent mortgage moratoriums they want to wipe away all the debts of the student debts so it's basically now become you know that's with the democracy is all about is who can default on their debts and who is not allowed to write remember the doomsday machine from dr strangelove dr strangelove was trying to get the war cabinet to go down the path of accepting the doomsday machine this is a financial doomsday machine that guarantees global hyperinflationary collapse of all fear money against bitcoin and gold so i want him perhaps he's got bitcoins

arrangements and dro cirrhosis finally gone the way of some like a paul krugman or a nouriel roubini where his mind is turned to mush and he's advocating the doomsday machine ok fine i'll to keep my bitcoin in australia $500000.00 a because george i think it's just you know that as we've covered the u.s. dollar turns 50 since 1971 the whole world every single country on earth has been on a u.s. dollar standard that is a debt standard so we've had 50 years of unmitigated growth of debt we're at the end game of it and this is the last bit of plunder like get where you can try to get whatever you can and that's like it's just a natural thing to try to come up perpetual bind you've got to because we've already extended maturities out for decades so what comes next well infinity perfect in perpetuity. eternal life like the. this is the fountain of

youth that we've always been seeking humans have always been seeking this a fountain if you think this is the fountain of youth is like ok your president may be an 80 year old man the people who run the economy may be 80 year old men but the fountain of youth is to steal from 20 year olds 100 years down the road that's you being for ever in your youthful age eldorado. give me another a literary analogy here don quixote there was a great story they are trying to go to war with a windmill they are trying to is trying to go to war with nature george are trying to stop the hyperinflationary field money collapse with they stumble against the tsunami good luck george see it because i'm 500000 have a nice day soros is doing at biden is doing it as administration is doing at the british government is doing at the european union it's doing at the chinese are doing it everybody's doing it they're trying to roll over their debts the fastest at this moment because of that system's falling apart whoever gets the most

resources the most assets the most hard money fast this this is why you're seeing governments around the world starting to mine big queen this is what you're starting to see embracing the debts of people like and in new york city we see this new york city tenants own over $1100000000.00 in unpaid rent that's just on the the rent regulated apartments in new york city they did a survey and something like 20 percent of them have more than 2 months behind on payments so the federal government under biden they're expected to you know in this $1.00 trillion dollars plan the taxpayers are going to pay that 1100000000 so they're going to they are going to cover the cost of all these unpaid rents so of course that some of them they said haven't paid a year so you're like well who's the chump that something like 80 percent of the people continue to pay their rent like who are these chumps that pay their rent and like could have and stead started accumulating assets that's what you have to look at the global economy. it's like some chumps are getting are are paying their rent

and paying their interest payments and paying that the principal these other people are the clever ones who are like racking up debts for other people other taxpayers future generations to pay so that seems to be the game this is the micro quality of it and then you have a macro situation well it's not like there was no consequences for all this a new york city right naked man jumps on a subway and throws a guy down the tracks then gets his foot caught in the 3rd rail and electrified jukes himself right there the middle of midtown the middle of the day right that's the result of success of money printing that's facilitating malinvestment and facilitating theft and narcissism that's what money printing does and that's the sole sayat sole detriment that is being caused but people don't want to make that equation they don't think oh my city is falling apart naked people wandering around electric are in themselves let's print more money i don't get the connection with.

you will my friend think about it then take a break and when it come back more coming your way. was a pandemic notice that you know born is just blind to nationalities. the summer. heat. is coming every crisis so. we can do better we should. everyone is contributing each of their own way but we also know that this crisis will not go on forever the challenges created with the response has been so many good people are helping us. it makes us feel very proud that we are in it together .

shows seemed wrong when old rules just don't hold. any belief yet to shape out does they become educated and engaged equals betrayal. when so many find themselves worlds apart when she's to look for common ground. nuclear become a battleground in the us in vermont people love demanding the shutdown of a local plant from my yankee is right now my focus because it's a very dangerous oh no care power plant the owner is attempting to run the reactor

beyond its operational limits this case just sort of puts a magnifying glass on where's the power in this country where's it going is it moving more towards corporate interests who or is it more in the idea of a traditional participatory democracy as are powerline with the people this case demonstrates that struggle in very real ways. a struggle. welcome back to the kaiser report imax keyser time now to get a part 2 of our exclusive interview with gerald selenski of trends journal dot com gerald welcome back thanks savion backs we're going to talk about the 3 cities trap with china the great reset the new bretton woods let's talk china this will be the story the next decade we believe we begin 2021 with china in

a similar position to united states after world war 2 remember after world war 2 america was the only economy standing and it became the american century here with the coronavirus it appears that china is the only economy standing the united states now others are ravaged by this and it's still deteriorating if you like that comparison and is that an apt comparison and what does that mean now you nailed it one of the top trends to 2021 china 2021 the 20th century was the. american century the 21st century is going to be the chinese century the business of america's war the business of china's business lou they just passed the defense budget with the largest one in america as the nation is going down and what is china during its of all the gross domestic products of the major nations and 2020 china is the one the only one that's going to have

a positive and you made it as to world war 2 i look at america as england after world war one and all of a sudden that pound went away and the dollar took its place i could see in the years ahead the yuan being the major currency of the world and the dollar becoming the pound getting pounded down so china is definitely taking over the world right that's the s.t.c. ever like to talk about the 3 cities trap the $11.00 empires the falling away and you know the one comes into power we it goes back to the spartans and the greeks you know this is a longstanding phenomenon in politics you know trump slapped tariffs on sanctions on china and its major corporations especially in the high tech sector the u.s. was fine when china was stuck to low value added manufacturing but now that it dominates high tech artificial intelligence space travel were getting angry kemi us

forced china to be a more primitive economy carol absolutely not i see it and when you look at the trade deficit the. trade war didn't do anything the deficit as china's continues to build they keep exploiting much more than they're buying and that wall so developing a dual circulation policy in the sense that what they're doing is they know that exports are going to slow down around the world as the greatest depression worsens so they're building up more the domestic economy as other nations when the covert war began started dumping money into the for the citizens of slave land the chinese put the money more money into building 'd their infrastructure and it's a small businesses so going forward with all of this the china is going to replace america and they're not going to be able to stop it because

the political policy issues of the united states and europe sold a nation out you look at china going it's before they were into the world trade organization and you were mentioning before some of the protests that we used to go on one was the battle of seattle people forgot that one the world trade organization was meeting in seattle some 50000 people peacefully took to the streets but they had those ages provocateur was in perfect dressed in black tough guy smashing windows and burning a couple of cars that's why all the focus went on the reason for the demonstrations was bill clinton bringing china into the world trade organization their g.d.p. was like this see years they come in in 2001. and it shoots straight up they gave the manufacturers gave china everything they were all

e making junk over there the european manufacturers the american manufacturers own when you open up here in china you got to open up a company but you're only going to own 49 percent of it and then they pour all the tech over there so now china got everything that they want because the manufacturers some heavy industry to high tech salt out their countries so they can get cheap labor to make their stuff bring it back mock up the price and you could get a job in the service sector industry and would get rid of all that dirty manufacturing that was the clinton administration oh remember that what was that next sound you hear that naz it was that plate that nafta oh yeah it happen it's over began with nafta and that which china if you recall at the time

joe biden of course who is in government was claiming that bringing china into the world trade organization would be meaningless essentially because there's no way they could ever manufacture anything of value and that we should all the noise and all the warnings from all the policymakers and the economics professor sue are saying look this is going to got us manufacturing is biden said ignore all that it's meaningless it can and now he's sitting in the white house apparently so you know let me get your quick take on something another phrase that i came up with a while ago again i appeal to your word smithing i came up with this phrase casino google ank to describe what's happening in america in other words we're all locked down and we're forced to gamble online to see if we can make a protein pill to survive another day and the reason i have this is relevant is that we've got a company now called draft hangs that is essential a going public has gone public. it's online sports betting so online sports betting in an online casino which is plenty legal for many years now will be

a goal so we're going to have develop campbell hall ics who are trying to bet you know online to make a dollar to survive another day in the gulag casino gulag what do you think you nailed it perfectly again they do this all the time when i was a young guy was the assistant to the secretary of the new york state senate and they test lotto. these are called play the numbers back in the day and we're breaking up with this they're they're doing these people and they're doing the numbers and they're taking the money from the people that can't afford it or the cities to break the chops of people who used to play the numbers but then the government got into it you got to be in it to win it i remember i was there when they passed this it was ok for the government to do the gambling because then we could steal the money from the people and the poorest people are scratching off that stuff every time and you nailed it again now they're going to make they're making that legal all over the place so they could get tax revenue the same reason

why the slimy low life politicians hate i'll take a drag on that joint you're going to get we're going to lock you up hey remember biden 3 strikes you're out yes you get busted too many times which too much cannabis right oh yeah but now we're going to make it legal because we can make money on the taxes but everybody has to get straight may have my eye is that these politicians poly x. all they do is suck the life that i view because they've never worked a gay in their life they've been sucking off the public their whole life or all they want to make sure is that they get tax money so they don't have to work and they get benefits they get their pensions they get their salaries while they close everybody else down in the seventy's there don't forget ot be off track betting right at us was another let's make gambling legal and they became

a sleaziest storefronts in manhattan and so they eventually had to close it down as a manhattan went business 5 and everything went upscale because of all that asset price and money printing but now it's all back and seventies are back carol that's the good news and i fully expect the b.g. to have a revival and i just got my leisure suit out of storage. powder blue leisure suit and i'm going to be disco ing all the way down to the off track betting and play the lotto so this is great now you have always said gerald the currency wars lead to trade wars lead to hot wars we're at the trade war part of that equation with china are we on the verge of a hot war now which china and if there is a war which china be the end of life on earth look you know it is the the reality is the united states hasn't won a war since world war 2 i forgot about grenada you know. and you could sort

you could see the brilliance of the united states military the police in what happened in washington on january 6th so the united. helped out what is it called the afghan war which is only going on now for 20 years now we get in a war which china it's over it's over but the wars that i see that we have to start worrying about it going to start breaking out in the middle east as tensions keep rising around with ethiopia uganda congo libya syria turkey again when all else fails they take you to war israel which is going on with netanyahu running again and again and again and being brought up on charges that he can't still can't face now that doing it so are more concerned about that because the united states knows that if there's ever a war with china it's the end of the world so let's take a little bit into u.s.

dollar policy foreign policy and saudi arabia. the saudis and the u.s. seem to be a loggerheads and that there are a main supporter of the u.s. dollar that's part of the game at the petrodollar from the early seventies you know back to the seventy's is that the line spend that if we pull that out the dollar collapses i would say so yes absolutely all right let me just tell you with another question here the i.m.f. wants a bretton woods and world economic forum is calling for a great reset what's your forecast on what these 2 separate but related items mean going on they've got 2 major themes here how do they connect they connect because it's one big club it's the it's the banks they're bandits and all they're going to do is to create more and more businesses and opportunities so the few can control everything and again you see it with the people how they're it's ok if you just throw me a couple of bucks i'm doing fine i don't have to go to work so the big it's all.

coming and i can see the new currencies coming to and i think they know it they know it you're already seeing the herd just christine lagarde the former head of the international mafia fed up monetary fund that's now the head of the european central bank coming out warning against big coin and you saw what happened as soon as she said it both bitcoin prices after they rebounded started going back down again they know that the people know that this money and what they're doing is a total fraud they know it's worthless so my view i believe they're going to come out all of a sudden $1.00 day waking up with doing away with that dirty cash it's filthy with it's only been around forever but it's going to get sick so are coming out with digital trash it dollars gone the euro's gone with coming up with a a universal when you put the great reset together they'll come up with something

new that's worthless and that'll get an ad of this so-called debt that they don't have to pay and they're going to try to destroy gold silver and crypto currency. and just one thing that's not a conspiracy theory was it a j.p. morgan chase gang that had to pay $900000000.00 for rigging the precious metals market and you know how they pay that fine they rake more of the precious metals market. anyway gerald the gotta go great to talk with you and have a great 2021 hopefully we'll chat soon have a good day thanks man kaiser report and thanks savvy max all right that's going to do it for this edition of kaiser report with me max kaiser stacy herbert thank our guest the legendary general sunday of trans journal dot com and so next time.

this will taste awful like absolutely awful 1st game code then a 2nd wave is coming now the virus is mutating walk 2 blocks away from the apartment and i would get confused as to how to get not. meanwhile patients who've recovered from covert started to report some unusual aftereffects the symptoms were different but. my hearing has been ok i think. it's one of those things where at like researches all over the world are trying to determine the many aches pains and other problems and then turn it all into numbers showing my hair. you appear to be 1113 there is just throughout the day my hair just. various sources reports that

didn't just leave a 35 percent of recovered potions. so you don't pull the push. just there have been many complaints of heroin vision loss joint pain and fatigue in the us these patients are referred to as post coded long holos i talk to multiple doctors and my doctor and they said we have a feeling that you're going to have a hard time in recovery you're going to be one of those people that they consider a long haul or. i wouldn't quite see it in a support sort of the banning of trauma or say i think long before we reach this point there should have been enough and there should have been a set of guidelines and rules. technology platform followed around specific kinds of cases by which people might be maybe even not the platforms into steps

they're on the way to their view they are stealing information that is going viral that is obviously fine. sure he'd fall. by these algorithms that are influencing visibility of content but it is he fall and. she says we need to intervene. right now there are $2000000.00 people who are overweight or obese it's profitable to self frenzy and sugary and salty under dictates it's not at the individual level it's not individual willpower and if we go on believing that never change this obesity epidemic that industry has been influencing very deeply the medical and scientific establishment. so what's driving the obesity

epidemic it's. the headlines this hour these are live pictures from central moscow because protesters in the russian capital and other cities around on the streets as we speak calling for the release of the opposition activists alexina family with a high turnout among the younger generation. also to come this hour a poll suggests that trust in the media has fallen in america in the wake of the elections that is the mainstream media swings over joe biden amid ongoing divisions in the united states and major muslim federations in france reject the manual macro means and stream is uncharted designed to combat radical islam the president of the

paris islamic confederate.