arrested for i believe is for breaching his bail so actually a perfectly legitimate reason and who returned to russia knowing full well he would be arrested. in moments for another fresh slice of the collision report join moxon guests right after the shorters of bricks this is art. become a battleground in the u.s. in vermont people of demanding the shut down of a local plant for my yankee is right now my focus because it's a very active beyond its operational limit 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 or is it more in the idea of a traditional but just a very democracies are powerline with the people this case demonstrates that struggle in the very real ways a struggle on oxy. max kaiser this is the kaiser report although i think this is our 3rd ministration we've been doing the show for going on 12 years anyway you know big thing in 20202016 was d. dollars a dig lobel ization and now it's all coming to a head stays right we're going to talk about the dollar is ation it really started with when our guest jim rickards who you know has many books about currency wars

and things like that and he's also an advisor to the cia on currency wars and obama under his administration i think it was in 2009 or 10 he weaponize the dollar openly and aggressively on the world stage which is swift he ran off in the swift system and at that time jim rickards had said to us well you know he agreed with it because he doesn't like iran and he's an iranian a hawk on iran but he was like the problem for us as america is that you can really only use this wants because once you use it a 2nd time or 3rd time then people come up with alternatives so here is our closest ally of course is the e.u. e.u. 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 that you use vulnerability to

u.s. sanctions and to financial risks as a 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 set. meant layer beyond us sanctions it was germany that led that and 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 a share dick lobel as they so that big 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 us dollar is 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 shaky about or nervous about and so the european union is like look you know we we're not going to freeze to death you know work we need energy and so or if it means d. dollars ation and developing parallel payments games and paolo 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 u.s. 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 the right so that shows the e.u. 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 and 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 napoleonic wars the us issued consuls and the 870 s. whether or not that is all collapsed 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 of 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 that's just another name for debt monetization as. just another name for hyper inflation 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 it did 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 find we're in the u.k. i why didn'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 professional bonds 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 my they can only create credit so 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 what the democracy is all about is who can default on their debts and who is not allowed to write remember the doom. day 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 it guarantees global hyperinflationary collapse of all fear money against bitcoin and gold so i want him a perhaps he's got bitcoins arrangements and joe 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 bond 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 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 you're 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 are give me another literary analogy here don quixote then when i was a great story the trying to go to war with a windmill they are trying to is trying to go to war with nature george you're trying to stop the hyperinflationary feel money to lapse 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 it 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 if 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 $1100000000.00 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 as 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 like there is 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 a foot caught the 3rd rail in a letter of gypsum self right there the middle of midtown the middle of the day right that's the result of the success of money printing that's facilitating the. malinvestment and facilitating theft and narcissism that's what money printing does and that's the soul science old meant that is being caused by 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 we come back more coming your way.

wrong. just don't. get to see. and in. the trail. find themselves worlds apart we choose to look for common ground. so you can on the phone line smoke i don't like coming for them it must come up one of them for appointments november 7th so because he doesn't get a. lot

of fun. i just i think that. she was you make of. course you are just very. gentle but summed up some of my most blew up but of course that's enough of them. i mean we got. to. take a. 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 savvy audax 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 after 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 of 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 we're getting angry kemi us force 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 trade deficit because china is continues to build they keep exploiting much more than they're buying and that will also developing the 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 the. worsens so they're building up more the domestic economy as other nations when the cold war began started dumping money into the for the citizens

a slave landing the chinese put the money more money into building 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 what 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 this 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 hear word smithing i came up with this phrase casino google anchor 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 developed a gamble 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 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 it 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 plates so they could get tax revenue the same reason why the slimy low life politicians hate i'll take a drag on our 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 now my 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 there that 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 might. 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 our way on the verge of a hot war now which china and if there's

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 police in what happened in washington on january 6th so the united. out out what does it call 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 the 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 dig a little bit into u.s. dollar policy foreign policy in saudi arabia so the saudis and the u.s. seem to be a loggerheads and that they're a main supporter of the u.s. dollar best part of the brain 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 their 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 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 coins 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 we're 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 we got to go great to talk with you and have a great 2021 hopefully what you have a good day thanks guys a report and have emacs and that's going to do it for this edition of kaiser report

with me max kaiser stacy herbert want to thank our guest the legendary general trends journal dot com and so next time. join me every thursday on the alex i'm unsure and i'll be speaking to guest of the world of politics. i'm showbusiness i'll see you then.

a towering figure in broadcasting for over 6 decades legendary interviewer laurie king. the age of 87. so the program major muslim federations and. extremism charts are designed to combat. the president of the paris islamic confederation tells us why. from many power groups and the way. to clarify that position on subjects that this .