known world at that time pretty much with the weights measures the calendar as they came in with organizing principles of how to organize and then they started clipping coins right and then price signal that last barbarians came in and what followed was a dark ages run by the vatican where you saw in the ensuing few 100 years you saw the inquisitions and then the bubonic plague hit and nobody had the ability to reason any longer and so they couldn't even deal with this. you know the bonnet plague wiping out half of europe they didn't have an answer for so when i look at today and i look at the fact that we're few years after the loss of that price signal of the basic foundation of the monetary organizing principle around the world then we have this pandemic that hits and it just seems like it's been we've been here a lockdown for over 10 months and it just really seems like it's the equivalent of the vatican at the catholic church at that time of you know of the late 13 hundreds

it's like they don't have an answer they don't have a response to what is going on because they've lost that ability now with the dark ages back in the middle ages you know they ended when the florin was powerful and once again people had faith and trust and the union of account the organizing monetary principle price signals were sent back delivered back into the people when they needed it we're back into an age of superstition right so in the dark ages with the loss of the organizing principles of rome and greece we answer to a narrow superstition yes generated by as you point out the vatican which is kind of like the chief cardinal overseeing all the superstitions and then that was interrupted by the interruption of the floor and then once again we're back to price signals and organizing principles and hard money and weights and measures and the rationality that overcame the superstitions but now with the loss the price signal in the global markets and global currencies could remember. currency is tied

to anything other than other currency so it's all superstition that the u.s. dollar has value based on superstition the british pound has value based on superstition same thing for the euro same thing for the chinese yuan it there's no there there so in the mix comes a pandemic and now people are in a state of utter confusion right and at that period of time when you're exiting the dark ages that didn't end like one day it's a period of decades of men and women of reason and understanding and knowledge and you know astronomy instead of astrology you know when they were starting to understand their place in the universe like what happened whenever anybody like galileo or copernicus started to understand our place as humans within this galaxy this universe and they were met with hysteria and threats and fear from the organizing class at that time which had very little grasp on society

that the vatican at the time the superstition the you know if you're being attacked with these you know inquisition every time you question something like it becomes a downer right nobody wants that sort of cable news run economy that you don't want that sort of society where there's just like witch hunts a mob ceasing everybody by cable news is i think with time 6. yeah exactly and the results are predictably then and into this comes a heroic return to rationality measures i noticed that very early on in the pandemic when they were saying on our cable news in the united states don't wear masks you imbeciles don't wear a mask they don't work and like you could see everybody in china wearing them and all of asia wearing them and you're like ok well are those people idiots or are we the idiots and it turns out we were the idiots and then they just met. hold it

right so that disappeared and now they they run around terrorizing people who are not wearing a mask like wait yes he people you're your inquisition and march was like that so anyway i'm looking at a few data points now from official authorized social media big tech giant authorized entities that are allowed to say things are assert things whereas an ordinary people can't use their own observation like galileo and copernicus could look up into the skies and see things and say hey maybe we're not at the center of this solar system. they've got paraded well let's look at this 1st one covert $1000.00 has cost global workers $3.00 trillion dollars in lost earnings says the international labor organization which is part of the u.n. and they say women and young workers bear the brunt of job losses and reductions and hours says a u.n. labor body that's from the guardian which all of those like rachel maddow sourced

love so it's official and progress of well here they're saying 3.7 trillion dollars was mostly lost from women when we were trying to ask when you try to ask us questions like ok. we do have all these rights like we can't do it china did so like what are they going to be the cost of shutting down everything like who's going to lose their job who loses in this situation and here's some data $3.00 trillion dollars was lost by mostly women and young people that who are the future so we have some cost this is you know we should then be able to have a dialogue dialogue as socrates might say is an important part of having a democracy and a republic and reason and governed by reason is to have a dialogue but we're only allowed to have dick talks like now the u.n. says it's cost this much that's just the money then we'll get into life after this this incredible loss of life. and livelihood is the result of having

a global economy that was too precarious to begin with and the reason it got to be so precarious is because of the reliance of the various governments to print lots of this ersatz fia money to replace jobs and to replace policies member there was no policies at all in the united states or great britain or western europe there was just money printing every time they made a mistake they just print more money so you end up with a very fragile situation and as a guest on our show said last year when interest rates went negative he said this may be telling us we're good bots answer period of the population in the gains that have been made you know that ballyhooed number of number of people raised out of extreme poverty that these super national organizations like to talk about well that was all done with borrowed money you know now that the pub obl has popped

because a covert exposing it all those people going back into extreme poverty it's quite predictable actually and it's sad that it could have been avoided but humans unfortunately are somewhat tragic well right going back to my thing about the where in that dark ages where in the superstitious period of of of no reason the inability to to have dialogue without being overcome with emotion is you know where we don't have any of these price signals and we don't have we only have superstition so so much of the economy. we've abdicated so much of our sovereignty on the superstitious belief that it all magically works like if you actually looked at it it didn't work but you just like magically believe that you know these the high priests of the ivory towers and their academic papers would continue to deliver all of these goods to you even though you didn't have

a real job that was producing any real wealth you just had you know an illusory job like it that wasn't actually contributing in a capitalist sort of way to building which wealth accumulation so that notion of wealth accumulation and wealth and value and and and then structuring your society and culture and economy around it has disappeared especially since obviously in 1071 now in terms of the actual. you know tragedy of death again like because we're not allowed to have dialogue none of this was allowed to happen and obviously you and i are not medical officials but somebody like chris martenson who have had on the show he was here he is a doctor has a doctorate from duke university one of the premier universities in america their medical school certainly and in epidemiology so he knows viruses and so fight that so he like he talked about some of these things wait early on and he was do monetize and stuff from you tube and now duke university harvard medical school and

johns hopkins like the 3 primary universities here in terms of dealing with the pandemic and the you know the mapping how this unfolds how these sort of things unfold the coded recession may kill more americans than cope at 19 does the economic effects of kovan 1000 could prove deadlier than the disease itself so says just released research was concludes that the total lives lost to the virus in the u.s. may far exceed those immediately related to the acute covert $1000.00 critical illness the recession cause. by the pandemic can jeopardize population health for the next 2 decades so they looked at data going back 50 years and 1948 and they looked at they examined previous recessions and that and the cost lives due to that and they know that you know on top of people be afraid to go to the hospital or go to the doctor because of covert so that you know obviously cancers and stuff like that are

going to be found more advanced once the cove it a crisis does pass but they also found that their mean finding over the the next 20 years 1370000 more people will die than would have died without the unemployment shock the pandemic caused a number of the researchers call staggering they find also that excess deaths will disproportionately affect african-americans the implied increases in deaths per $100000.00 individuals over the next 20 years or $32.00 for african-americans versus $24.00 for white americans in all about 3.2 percent more people would die in the u.s. over that span than would have died without the spike in joblessness so here you have african-americans and women in these 2 articles that we're covering from officially sanctioned bodies that are allowed to transmit and broadcast on social media and they're saying those that progressives who are supposed to help women and

african-american sort of people they're actually harming it with these policies the data suggesting and we need a dialogue. well you know the scenes of wal-mart on black friday when everyone's like punching each other to get a deal on the kiddie toy i mean that's the economy a large and so in the kobe crisis it there was a mad rush of lobbyists and opportunists in washington and they don't care who they kill they just wanted that free money they just create great feel these people create putting them out of work and superstition i think is just superstition and there and the absence of. dialogue because there is so much superstition and just like the dark ages you know you could not part of the reason why there was no dialogue because you could not question the vatican the cardinals the priests like you weren't allowed to ask eggs like hey does not look like the we were evolving around the sun no we're going to kill you you know for asking that because that

goes against what our textbook says our economic textbook says holy moly well we're going to take a break and when we come back much more coming your way. is you'll be a reflection of reality. in

a world transformed. what will make you feel safe. isolation whole community. are you doing the right way or are you being led. by. what is true or is. in the world corrupted you need to descend. to join us in the death. or inmate in the shallows. secret prisons are not usually what comes to mind when thinking about europe however even the most prosperous can be deceived we've been the zeros all there were to view houses were our prison was located and the only people had access to the story for investigators sure hell they uncovered the

darkest dealings of the secret services but i mean. the great of nor in. hockey seem a bit sore knee for. crying for justice on our team. welcome back to the kaiser report on max keiser time out to go to egon of gold switzerland dot com and i can tell right away egon that you're actually in switzerland for that matter horn is right behind you how brilliant is that it's a magical mountain you know and i've had a place there for a long time and it's the perfect place to lock down to you know of course you know our company name is really matter what i said to our our u.r.l.

is gold switzerland so micro asset management this is what we're seeing as you said beyond is natural so yeah great mountain super let's get into some of what's happening out here you tweeted recently quote there can't be any clearer sign that price discovery is impossible in this totally fake paper gold market whilst fake paper gold is traded at $70.00 chilean dollars a year annual mine production is a mere 213000000000 speak on i want to bet he got the gold market big gross volume all 'd the. oil in london really and when 3 they owed him a bank's is greater than the s. and p. well you and i you know this is for a very small market why the investment market is as you know old possibly sent to world financial assets are actually invested into gold so so you then have to almost why is the market traded in these volumes well my view isn't and i'm not the

only one that this is constant manipulation and intervention on support by the b.i.l.'s and the bullion banks in london b.i.l.'s admit b.o.'s is the bank rate national settlement in and basile which is the central bank gold central banks and of course they are they have good they have told him you know she got any prosecution i'm going to be on there or they're going. better position than diplomats. so basically they into if if iran intervene in the old market and in my view days because central banks still have the gold but they say that and have a big part of that has been leased to the market and the b.o.'s and a 1000000000 banks have to constantly trade and so and especially with this market to. pretend that there is still gold around the central banks have the gold

but you know central banks lend or lease their gold to the market and in the old days that gold stayed in london for it was that was no problem because that's where all most central banks keep their gold and that's why been the biggest b.m.a. holdings are also i clued in the g.l.t. e.t.f. gold but now in the last 10 years or more the buys have been of course india has as tradition. and also now just china in the last 10 to 15 years and of course so some of it before that the gold was lent from the 1000000000 banks own from the central banks the banks are kept in london and out china i guess the delivery and has done for the last 10 plus yes and therefore that bad that gold that belongs to central banks nice gold has now gone to china now never come back so all the central banks have an eye is an iou from the 1000000000 banks and

a 1000000 banks can never deliver it is saw a so in my view all of this massive trading activity is to basically disguise this the fact that there isn't enough physical gold 'd around the manipulation of the gold price and stop sending out a price signal and that price signal gets picked up by the financial media and becomes a consensus that the price of gold reflects a certain. absence of inflation and this justifies lower interest rates which then gets cycled back into gains for banks who are perpetuating a massive fraud in the bond market that is to say that the central banks are buying not only fake gold but fake bonds you know these bonds are printed into existence and hiding the fact that there is an enormous bond bubble the

bond bubble is is the most manipulated market in the world now my question is that we understand that the gold prices doesn't reflect supply and demand that is completely manipulated but i don't think we're going to find any resolution in the gold price commission drome in till we sort out the bigger bubble that is the central banks in the bond market and so when we get any relief on that front what will it take. for markets in the bond markets to to be that bubble to be popped how are we going to pop that bubble you got because you'll never see gold trade at the accurate price have held up on a novel as burst one how are we going to burst that bubble he got very weak on the bond market that is the biggest problem the world by far i'm not published going to states no question about it you know it doesn't make sense that you have maximum

borrowing and minimum rates or even negative rates. you know that it has nothing to do with supply and demand only with many relation what i think that the debt markets will do fold i think central banks at some point and we are now seeing that but the most wonderful dream team is that waiting which i called by by danielle and . the real dream team who are now going to accelerate the money printing which you would know so it was impossible because his goal exponentially already down and there was a obama created as much money during his 8 years. as all of the united states did for 200 years and when he came to get us so so. i think that central banks will at some point when he had debts that will be debt to folds and because and that corona virus was the most perfect catalyst for this final phase of money praise printing but he would also involve major debt falls on those 2 folds will

eventually lead to increased rates going up and central banks will lose control of the ball not that you know that stock market collapse is serious and that will come in this year i think will come in the next few months but then we're debating on whether that cuts takes a bit longer than my take between a year or 2 the ball market in my view but when that collapses that's the that's the end of the financial system and that will happen and you know in the gold market yes will it take i think it will go up before the stocks go down probably in the next few months which i think they will. then gold mike would a little bit initially sympathy like you told me gus but then i see the final order to know the next wave off in the gold market. and so we will see gold going up and what will be lonely go wild and as you say bond markets collapse that's absolutely true but you know we don't i don't mind if it doesn't go wild if it's continuous

we've been into gold for 20 as interest to go gold you know it's been since since $300.00 and it's been a nice up trend and that will continue but it's never a straight line as you know as you see with it would because i mean it is there are big big corrections in gold. not quite as big as a big car but there are always corrections and there is spend at your leisure we saw only a couple weeks ago gold price dropped 75 dollars 9 in the morning within within a few seconds 1400000 ounces were sold typical manipulation no trader in the world who wants to keep his job would sell 1400000 without a buy be there and making the price drops on to $5.00 so that the market has been if you like a long term supply and demand will prevail i don't base this massive amounts of futures gold that will not ever get physical didn't have it you know that will just implode comix what implodes b.m.a.

backs what will i do not survive or just have so much money printed by central banks out there they're not going to be worth anything that's going to happen it will have begun that the phenol to this. central bank arrow then the last 100 years if you don't it will be spectacular and it will end sadly in tests sure it's good to have gold it's good to have it you will cause you also have a big corner and for many bestest without protectors i think it will suddenly gold i don't i don't understand enough about it consequent see how that will protect goebbels could continue to be money well. preservation in my view. for for for the foreseeable future as it has the full 5000 years but you know we would have other problems to worry about if i'm right you might focused this market manipulation that's going on principal a to have and by corrupt federal reserve banking system globally is being called out by some corporate c.e.o.'s like michael saylor over micro strategy he's put

billions of dollars into bitcoin and he's openly calling to essentially crash the system that's corrupt and by buying bitcoin because bitcoin unlike gold unlike the bond market seems to be immune from these types of manipulations by the central banks the 1000000000 banks and the wall street banks if to coin a word to get to that $4.00 to $8.00 trillion dollar market valuation that's currently in about a $600000000000.00 market valuation would that be the pin that pops this bubble and then we'd see some some great price discovery in gold this is the point i try to make to people like peter schiff is a big point basher i'm shy try to sound that because it should be his friend because it could pop the bond bubble and open the open that way for an actual price discovery in gold as i said i'm not an expert on because so i. don't let them direct me because they moved if totally different me and i don't know i doubt.

because i will pull gold gold but if it goes to those values bitcoin then i think central banks will be in that long before that to start to say we don't like it going is getting too big for comfort for us. and there's a risk that they will bend bitcoin in my view because they're not because you know that they all don't get going and they probably will hold on to big going and they will if there's going to be a digital current you'll be the central bank to deduce who choruses and so but as i said i'm not an authority on big corn i stick to my gold 'd i see the gold continues long time at top. right and i see that happening now soon anyway even if it corrects short. it will the long term trend is stronger and we're going to see a good move in the next few months in my view but again you know when we met we measuring all of this in paper money you know remember it's no use because gold said we're measuring it's paper by needs that means nothing because we what's the

value of paper money at the time we measure yes we're going to look at the i.m.f. as calling for a new bretton woods. so what does that mean well it means another and round of manipulation 00 car insists. on the financial markets and they. try to temper fool them aka bought by creating new digital tolerances. and then push that debt decided to you know what that's the old that it doesn't count this is not going to work if it works it works for a very short while. whatever research is done officially in my view will fail and the real reset will be an uncontrolled and uncontrollable reset. that is going to be very nasty for the world all right my favorite no must not so he got congress thank you so much for being on kaiser report always good to see him and back to talk to you thanks very much and that's going to do it for this

edition of times report with me max kaiser and states are going to thank our guests gold switzerland dot com is where you can find them and so next time by all. who. knew that the movie kiss near the city really can surely if. they can just be suitably. well with that i suppose he overdosed us they are something that. you know none of us to be in a bull episode. good to see you sure the go to sleep during your force wake would be near must of missed if not thoughts about spirits i pity you it was more

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how can other. not know that i'm not out of the i'm not of the money that they wouldn't let him. this was a good time to. try to move there i'm doubt now mom. oh yeah loudly get out my body not why not act and then again. for ex chan and the whole people we believe to be a. little of my kids i live on the bubble so john what are you the moment to tell them about how to do a little macuser is it a lot of money on a movie like you might be old enough to go to the theme i don't want to put all your love to most party when i don't know the mother floating.

in the news this hour europol issues a warning about the santa fe code 1000 tests it difficult as criminals seek to profit from travel restrictions. severs baby. body count footage from new york shows offices con coughing and pappas spraying a 9 year old girl raising more questions of a piece called dr. khan having criticised donald trump for a fake seem content meant joe biden now faces his own critics who say he's failing to deliver on his coronavirus pledge as.