so what we've got to do is identify the threats that we have it's crazy. let it be an arms race is on offer and spearing dramatic development only personally i'm going to resist i don't see how that strategy will be successful and very critical time to sit down and talk.

i'm max foster this is the kaiser report the show that goes there. say hey we have been tracking inflation right for the past few months it's looking worse and worse and worse well. we have on our hands feeding the racket starving the racket feeding the racket is essential banks feeding the grift of this whole global ponzi scheme via a ponzi scheme has been going on for 50 years now since 90 $71.00 and a bit coin is starving the racket we're going to start off with this story out of korea this is next on which is a $30000000000.00 gaming company and nick carter tweets

a link to their statement on why they bought $1717.00 because m one posting isn't just for coiners and gold bugs $30000000000.00 korean kugel aamer do it too and with government spending and debt levels so high even a small rise in interest rates would make paying down the debt even more difficult than it already is so central banks have been increasingly monetizing the debt printing money to loan to the government in the form of buying government bonds at low interest rates since january 2020 the u.s. has printed 40 percent more u.s. dollars than previously existed we are not privy to conversations at central banks or departments of treasury but we foresee no end to this in the near term and then they go on to say while we can't predict of interest rates will do we can see that the inflation is going to eat away our treasury writes us $100000000.00 at their bottom because you know this is the echo of the 1971 day when gold window was closed by richard nixon we went on or off the standard and within

a few decades as nomi prins writes about her book collusion all global central banks were colluding on this money print things game that would devalue everyone's currency their purchasing power and then starting with michael saylor of micro strategy here in the united states. his company and now there are almost 40 companies and now companies and asia are launching what you would call speculative attack they're calling the central planners in the central bankers bluff they're saying ha ha we see you are printing trillions and we're going to buy pickling with that and we're going to defund you similar to what soros did in 1903 to the bank of england but this is done now on a global scale a multi 100 trillion dollar scale and that's why big prize has gone over $506.00 under 700000 while many have said that we're in a similar situation to the great depression and the great depression of course also

saw geo political game theory happening in beggar thy neighbor i think it was the u.k. who actually pulled themselves off the gold standard 1st then are revalued gold in order to diminish their own debts and try to fight the deflation so you're seeing the same thing on the other side here as rapid money printing just excel rates and in an all female world it's difficult to protect yourself as a as a company with hundreds of millions sometimes billions of dollars on your balance sheet so how do you protect yourself we saw with tesla's earnings report just in the past week we saw that obviously they made a lot of money it was a good decision that they made to convert some of their you know it was like $1700000000.00 worth of their balance sheet that they converted to bitcoin and that has helped keep their earnings up but their interest i think so he said next on and korea mentions that they're not privy to how central banks and treasuries plan on what they're doing with this money printing or whether or not it will ever end they

predict a while and but there was a member of parliament in canada who released a video of him questioning the central bank head of you know the central bank of canada and he notes that the trudeau government is borrowing 3000000000. dollars a week you'll never guess how much the central bank is printing per week so he asked the central banker how much quantitative easing they were currently engaged in and the guy made it to $3000000000.00 a week and that this canadian member of parliament was like how convenient because we're also borrowing 3 value no week right so again this is confirming on a global basis from different governments and different politicians are waking up to the fact that the central banks are printing with the stated goal of helping the unemployed and to stimulate the economy. and as politicians and corporate c.e.o.'s are pointing out that stated goal is increasing unemployment and

increasing the loss of purchasing power and increasing the plight of poor the poor but it does help those who are asset holders they are becoming fabulously rich so the split between rich and poor is growing spectacularly and in that video it's amazing because the politician points out the obvious failure by the central bank of canada to make any sense he says that they have a 2 percent inflation target in the video and a politician says you've already blown past 2 percent and you're causing real painful inflation everywhere and the central banker simply keeps repeating like a monkey on drugs you know the same talking points right they they have no cognitive ability to understand their program to do this they they might as well just have a recess monkey with i think a rhesus monkey would do better than these these these bots these keynesian bots

well certainly as you mentioned asset prices are indeed going up creating that can tell you in our class in canada it's quite extraordinary we've reported that us house prices have been up 16 percent in the past year thanks to all the money printing in canada. it's a 32 percent so the average price increase in some provinces are $100000.00 over the year the median price so you are choosing and a group of winners that are in the lucky house club they get they happened to be old on off when prices were not this high before all the money printing began and so they own the assets and they it consolidates their the wealth and income gap the wealth gap and most importantly in this article that edward harrison for example links to the housing boom is ripping apart the financial fabric of canadian life young adults increasingly feel shut out of home ownership in big cities even as

their parents can't stop talking about how much money they've made as owners so you have that intergenerational gap that we've warned about for over 10 years now here on kaiser report but the problem especially is that there are some really big winners like anybody the boomers who own property in toronto or outside vancouver any of these big cities they're able to extract they take that he locks you know the home equity loan. out of their property take some equity out and give it to their children to get on this property that are that's going up by 30 percent a year so that you're gifting them $100000.00 a year income in money printing this nepotism plus despotism is all we've got going on around the world and all these different it's so obvious now to everybody including the rank and file fall fashion that the money printing causes the poverty increases the wealth and income and and increases the unemployment and the social misery that comes with it so what we've been saying now for at least 5 years you

know pointing out we've had bankers and academics and students and we've been talking about this for 5 years and 5 years ago was considered to be a serious or a heterodox theory now it's become an accepted wisdom. fact you know that's what investigative journalists do and you don't even need to be an investigative journalism journalist to find this out we're going to look at this tweet from ben ask rand who is an m.m.a. fighter so boxer had has had his head punched in a few times and even he even though he's been punched around quite a few times in his life he tweets curious if this will be reflected in the c.p.i. they want you to think that inflation doesn't exist rolling eyes rolling eyes rolling eyes a moshi bitcoin and that is would cost to build a deck so they look at the average lumber prices using 2400 board feet which is 200 square feet april $22936.00 to build

a deck now cost you $3696.00 which is what i guess us fourfold if i could do some math here right well here's the thing over the last 20 years china has was operating as a wage sank right all the wages and the jobs went to china and their cost of labor was $1.00 fraction of what it was in the in north america but now that that's caught up you've got a wage parity between china and the u.s. so you don't have that wage sink anymore so now the cost for stuff the average person down there at the box store and energy and food is up sharply and bored to build houses it's simply now going to spill over the dike that's been put in place to try to hide the fact that they were doing a policy of money printing to help our friends on park avenue that has gone on for 20 years while they outsource the jobs to china now we've got wage parity so that wage saying that was it the ability to understate inflation for years is done and

now the numbers that are going to come in are going to show real quarter to quarter c.p.i. sure in a way inflation and all the policy makers are going to say ron you won't find the. oh don't be dead they're simply going to run away be they're going to blame some magical existential threat that they'll pull out of their hollywood had and do little films about but we know that this was completely and entirely avoidable as we've been saying for 5 years now you know that there's always those economists are c.e.o.'s or business people that once they retire then they admit like oh my god is all a fraud they never do it while they're collecting their huge salaries that people in the health insurance racket so here we have and you and i have been questioning whether you know this is the 50th birthday of an off the out world will be in august of 2021 we went off the gold standard in august of $1071.00 so this feels

like what we're seeing from the stimulus programs with huge amounts of fiscal stimulus over the past year this is extraordinary over the past 20 years we've had massive amounts of central bank loose policies giving credit to the elites of wall street but now it's like. it seems like as it's crumbling globally indeed globalization is setting in that you get biden set to unveil $1.00 trillion dollars spanish and american social safety net so there seems to be you know ok it's all over hey in the last few moments of this ponzi scheme well he so many of these crumbs so i mean there are some good policies like they're you know they're giving a lot for child care but on the other hand since the experience money for university students which will support the obviously racket of the holy education

system here which is overpriced and all these administrators so basically they're like very highly paid government sector workers at these universities this sale of . times square 3 card monte trick ok after the 3 card monte guy rips the tourist off for all the money they have they let them win the last $20.00 ham before they war go away big losers and in the mind of the punter is like aha i want to show here's joe biden is clinton biden neoliberalism ravaging trillions from the middle class creating a huge number of the new before and on their way out there saying here catch this nickel between your teeth and you can keep it thanks joe swell guy very swell indeed oh yeah he's well he's fallen for sure hey we can swell or inflate this segment we've got to take a break when we come back more on the show don't go away. more

flames because i thought of cause that's so you just to get in with one thing the movement would still opposed to costing you money was not. willing to lend them with a bunch of variants and. less that muscle strain was one of the things. still i knew because i had some see just him which he spotted in a stock more than a day steve. my shoes.

welcome back to the kaiser report imax keyser time now to turn to james turk of gall money dot com full disclosure i am an investor james tarak welcome back thanks max size great be with you all right we're going to pick your brain on some big issues here our stock prices are at all time highs property prices are rocketing by double digit percentage points commodities are on a tear why are we getting so much monetary and fiscal stimulus if by looks like we are in boom times i don't get it explained too much money printing by central banks around the world basing currency and as a consequence what you're seeing is the early stages of a flight out of the currency into real things so the policymakers tell us something

different right they say well what are the what do they tell us exactly how do they how do they get away with us they tell us what they want us to hear it all necessarily tell us the whole story and all of this money pretty minutes going on means that there's a lot of inflation in the i mean we're starting to see that you know lumber prices food prices everything pretty much across the board you know people are looking for alternatives to national currencies and that's why the stock market's going up as well max that it's better to own stocks that own something dollar denominated because the lease at the end of the year that the stock well have tangible assets the value of which will go up in deep deep bass dollars or if you put dollars a deposit in the bank you don't earn enough interest income to us at the loss of purchasing power because of inflation so put your money into things dollars are nominated assets i hear the words why margera money now almost every day i see so many talking about it michael burry of course wrote the big sure it was he

participated in the big short on wall street they made a movie about it he was writing about this comparing the current situation to why mark germany and then he. disappeared from twitter the 9 years of boom time inflation that ended in hyper inflation is what happened there and all the time why margery money the central bank was saying that the month the inflation was transit sorry that the money printing had nothing to do what they stock prices skyrocketing to new highs is the comparison to why marjorie what is a pretty pretty dramatic comparison as it warrants and out james i think it is warranted max and you know i think we're on the same path because what's happening is why more germany was spending money the government was spending money they were turning to the central bank the right spike in order to print the currency and that's what they did and it's the same thing is happening now in the united states but there's a fundamental difference the economy in weimer germany was

a cash currency economy another words at the end of the month companies used to pay their employees with pay packet with rice mark bank notes stuff didn't nobody have a checking account back then the deposit currency you money on deposit in the bank the system was mainly in the businesses and not individuals in the united states today we have a very different type of kurt curse the system most transactions are done with deposit currency is a very sophisticated banking system so you're not going to see piles of notes like occurred in. germany or zimbabwe you're going to see an inflation like occurred in argentina or brazil where they had very sophisticated backings banking systems and everyone had bank accounts instead of printing paper the central bank does bookkeeping and add zeros to the government's check you count which the government then spends so it's it's hyperinflation we're on the road to hyperinflation it's

a question of whether they get off of it before the currency is destroyed or whether we go over the cliff south the federal reserve and the government says that they've got a 2 percent target on inflation but they also admit that. they broke through 2 percent where they're heading to spray percent shadowstats that's a forest tracks the rail inflation if you were to funnel wind all they had donica just one says the testicle mirages that are put in there to hide it sells us that inflation is really over 10 percent 12 percent now in fact and we see commodities as you point out lumber doubling and tripling in price copper new all time high agriculture new all highs and yet the language that comes out of the central planners is they say quote we are fighting deflation how do they how does that how do they even misuse that word so that the great chains don't listen to what they say watch what they're doing i think that's the key you know they talk about things being transitory well the 1970 s.

were transferred tory but yet inflation for 10 or over actually 15 years that was decimating. it's the same thing is happening now but we're just at the beginning of this max that's the scary thing and the federal reserve yesterday said they're going to continue printing $110000000000.00 a month of new currencies being created every month by the federal reserve so looking at some of these corporations what's going on on the corporate level microchip shortages are hitting production of all sorts of goods from mom will be also smartphones i saw that for just reported numbers for the quarter they said they're going to reduce the fasti by 50 percent because of a smart chip you know reduction we're seeing shipping shortages develop as stimulus checks to american poor and to china for manufactured goods from china while we see widespread supply shortages in 2021 so it's not an ancillary impact of this money printing seems to be

a supply shortage is this it can also develop or we're going to see some rationing of goods and things like that james well it took they don't ration in goods because . rice fixing and rationing and that is a step backwards and it's going to kill the economy even worse than basing the currency shortages come from the problem that you need a sound money in order to form economic calculation properly so when a company plans for something they need to have a sound. monetary unit in order to do their investment planning you can't do that easily place their economy and you know the way to to to do that is to hire an accountant who lived through the argentinian hyperinflation who understands how the problems that arise when you're actually very vironment another element of course max is that a lot of people would rather support things or hold things rather than sell them

for the prices because they know that to be replicate them at a future date is going to cost a lot more so in an inflationary economy you do see a lot of shortages occurring it's not that the stuff doesn't exist it's just that people rather hold onto it because at least they have something of value rather than a depreciating currency right imagine sound money and as far as they've been talking now for over 15 years i think james to hook on a 2nd and james tarakan thoughtless talking about sound money and golf as far as has been sound money for a long long time and it's a sameness that what a lot of people miss is that when you are navigating the territory of an economy you need to have at least one fixed point you know if you're sailing on the ocean you need a north star when you're building a house you need a 12 and foot standard measurement 2 years to build your house here in this economy and the global economy is i think 71 there says it's not called back we have

a sign fillet and ideology based currency and then an ideology based definition of what constitutes g.d.p. right its ideology and ideology out. and it's become a ludicrously a random basis when i hear of a day powell all these people talk now it's like word salad is coming out of their mouth grounded and yes i can eat cummings poem or something that makes no freshman sense james now you're exactly right and you know it's very it's a very keen point that you bring up about having a unit. in money the unit is called a numerary for example during the british empire the newer air was the great issue sovereign gold coin which weighed point 2435 ounces of gold and it doesn't say under british sovereign debt it's one pound because everybody knew that a british sovereign was one pound as the same thing originally with the framers of the cast and they created in the mint act of 1792 the eagle and the double

eagle everybody knew it an eagle less than everybody knew it a double eagle as it was it was the new rare we don't have a numerary anymore max and that's the problem that applies i mean not to some people would equate this with a certain conservatism and thought because they like to go on these wild chants and sabbat how we could all live on a he had a full island paradise called shangri-la are all people are in south actuating in real time and. but that the result now is that nobody's getting civil rights nobody's getting human rights nobody's participating in representational government anymore it's completely incomplete in the level of anarchy in the u.k. in the u.s. and around the world there's a total societal breakdown james for this very reason and my exaggerating now

you're not exaggerating because when the currency is no good the only way you can force that currency into circulation is through laws penalties and force and and regimentation and that's what we're seeing we're losing our freedoms we're losing our liberties in order to make this bad currency circulate you know again we're going further and further down this road we're going to end up like venezuela if we don't get off this road so you fit the nail on the head there because the money so bad. to get people to use it is this through coercion and effectively state violence and yes we're seeing in the united states now as more and more incursion by the state and with a very violent extremist autocratic edge to accept the problem is they're trying to people to accept complete garbage as a numerary as a unit of account as something worth working for and predictably the results are becoming untenable if not downright insurrectionists now let's talk about the

broader economy a little bit. at the end of the 1st quarter the bank of america argued that the 40 year bond bull market was over that it's even possible when the central bank has so they said the bond bull markets over you know people have been saying this for at least 15 years that it's been the widowmaker people say all the bond markets finished but at some point. if in fact this currency is as garbage as as we're saying the bond market will in fact the but the bull. market well in fact and. and that would that would be the end of a lot of assumptions in terms of how the economy works but are you willing to delve into the deep and to make a call here about the plan markets and i think the bull market in the bond. funds has already ended the others why it's continued to go on longer than would normally be the case is we don't have a free market anymore you know financial repression is the policy of central banks

around the world and they're buying all of these bonds. to keep interest rates. and. if it wasn't for a central bank all of these bonds interest rates and bonds would be much much higher we saw a little last year you know the bond vigilantes of the 1907 these some people said are quiet now well he's rather quiet because they're being overrun by central banks so i think you know getting back to what we were talking about in currency and avoiding things that are dollars are nominated avoid dollar denominated bonds avoid dollar denominated bank deposits the avoid anything dollar denominated tangibles or near tangibles like stocks of companies that are untouchable so i think that's the only safe s. are going forward from here until we turn around and get off this road toward hyperinflation all right sam stark we're going to have to have a 2nd segment that's just again thanks to ban on cars are part thanks to x.

and that's there for this edition of kaiser report with me max kaiser and stacy ever want to thank our guests james turk of called money dot com and so next time. secret prisons and on to usually what comes to mind when thinking about europe however even the most prosperous can be deceived we've been busy resume the work to view hostess. preserve the worlds. located in the only way you can paul had access to the story from investigators she held the uncovered the darkest dealings of the secret services but i mean. you grated nor. thought. thank for justice on r.t. .

them in the morning choose to the 4th of may here in moscow in the headlines after a year of isolation now finally the e.u. is seeking to open its doors to tourists but only for those who receive brussels preferred jobs. the us government world press freedom day by attacking other countries records in journalism freedoms and rights. and fines or maybe even imprisonment await australian citizens returning home from covert ravaged india coming up for you we hear from some of those people who risk being criminalized under a new temporary law. works really are disappointed with. someone who slow.