hi 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 worse well. we have on our hands feeding the racket starving their racket feeding the racket is essential banks feeding the grift of this whole global ponzi scheme fee 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 what interest rates will do we can see that the inflation is going to eat away our treasury writes us $100000000.00 at the 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 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 here printing trillions and we're going to buy pickling with that and we're going to defund you assemble it so 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 because the price is going 25060700000 well 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 feel 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 to 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 what they're doing with this money printing or whether or not it will ever end they predict it won't end but there was a member of parliament in canada who released the 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 and 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 on the politicians 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 and 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 rhesus monkey with i think a rhesus monkey would do better then these days 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 them off when prices were not this side before all the money printing began and so they own the assets and they you know it consolidates their the wealth and income gap the wealth gap and most importantly in this article that edward harrison for example thanks 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 politician that the money printing causes the poverty it increases the wealth income 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 ron 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 the 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 2020936 dollars 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 the last 20 years china has was operating as a wage sink right all the wages jobs went to china and their cost of labor was

$1.00 fraction of what it was in the you know north america but now that that's caught up you guy 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 wasn't 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. serato way inflation and all the policy makers are going to say ron you won't find him there. ronal be dead there's 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 or 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 1971 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 haiti in the last few moments of this ponzi scheme will use only these crumbs so i mean there are some good policies like there you know they're giving a lot for child care but on the other hand aslan's like spewing money for university students which will support the obviously racket of the wholly education system here which is overpriced and all these administrators so basically there are like very highly paid government sector workers at these universities just sailed. 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 hands before they wore away big losers and in the mind of the punter he's like aha i won so here's joe biden these 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. they say we can swell or inflate this so we've got to take a break when we come back more on the show don't go away. right now all the. people who are overweight or obese it's profitable to

sell through the seas and sugary insultingly and the big. it's not at the individual level it's not individual willpower and if we go on believing. never change this obesity epidemic that industry has been influencing very deeply the medical and scientific establishment. what's driving the obesity epidemic it's. still what mills have tended to do and still do is is we tend to we certainly have empathy and all of that but we also did huge nurture through aggression so we create things like soccer and football. and you know all of the various hundreds of games that involve aggression now women are aggressive and can play those games no doubt very well but when you go back to why they were created those games were

created for males to nurture other males through aggression to teach them how to pm capek's to aggression. welcome back to the kaiser report i'm x. factor time now to turn to james turk of gall money dot com full disclosure i am an investor james terra qualcomm back thanks max size great be with you all right we're going to pick your brain on some big issues here are 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 the 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 it's a real thing 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 will lend us to hear it unnecessarily tell us the whole story and all of this money pretty minutes going on means that there's a lot of inflation in the land and are 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 than to own something dollar denominated because the lease at the end of the year that the stock will have tangible assets the value of which will go up and debase dollars for he 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 dollar

denominated assets and i hear the words why margera money now almost every day i see somebody talking about it michael burry of course wrote the big short hours 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 marjah 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 margery 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

returning to the central bank to 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 in other 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 in 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 currencies 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 adds 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 sow 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 3 percent shadowstats that's a farce tracks the rail inflation if you were to funnel wind all they had donek adjustment says the testicle mirages that are put in there to hide it tells us that inflation's 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 you have 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 his 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 fed 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 amobi also smartphones i saw that for just reported numbers for the quarter they said they're going to reduce to passe by 50 percent because of a smart chip you know reduction we're seeing shipping shortages develop as stimulus checks to american poor into china for manufactured goods from china while

we see widespread supplies 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 we're going to see sar rationing of goods and things like that james well it took they don't ration in goods because. price fixing and rationing and that is a step backwards and it's going to kill the economy even worse than basing the currency the 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 inflationary economy and you know the way to to to do that is to hire an accountant who lived through the argentinian hyperinflation well understand how the problems that arise when you're actually vironment another element of

course max is that a lot of people would rather support things or hold things rather than sell them food prices because they know that to reap replicate them at a future date is going to cost a lot more so units stationary economy you do see a lot of shortages occurring it's not that the stuff doesn't exist it's just that people would 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 they have been i think james to her common stock and james tarakan fall is talking about sound money and golf as far as has been sound money for a long long time and it just seems 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 is 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 central a an ideology based currency and then an ideology based definition of what constitutes g.d.p. gets ideology and ideology out. and it's become a little christly a random basis when i hear from jay powell on these people talk now it's like word salad is coming out of their mouth grounded and it's like an economic poem or something that makes no frankincense 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 example during the british empire the neumar air was the british sovereign gold coin which weighed point 2435 ounces of gold 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 caste touche and they created in the mint act of 1792 the eagle and the double eagle everybody knew it an eagle was in everybody knew it a double eagle as it was it was the new where we don't have a numerary anymore max and that's the problem that applies i mean not to be some people would equate this with a certain conservatism and thought because they like to go on these wild tangents about how we could all live on the in a full island paradise called shangri-la where all people are 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 in complete malevolent 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 don't exaggerate it because when the currency is no good the only way you can force that currency into circulation is through loss penalties and in force and in regimentation and that's what we're seeing we're losing our freedoms we're losing our liberties in order to make his bed 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 stay 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 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. that the end of the 1st quarter of the bank of america argue 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 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 deeper than to make a call here about the plan markets and i think the bull market in the bond. bonds

has already ended the other reason 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 low . and. if it wasn't for a central bank by saying 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 is 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 and nominated avoid dollar denominated avoid dollars and i'm going to thank the passes 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 james sorry we're going to have to have a 2nd segment that's just again thanks to ban on kaiser a part thanks max all right that's the idea for this edition of kaiser a part with me max ties are stacey ever want to thank our guests james turk of called money dot com and so next time. when i was. wrong. just don't call. me. yet to see how does that count. to add to. equals betrayal. just to look for common ground.

we started at the garage so you forgot the. other than the human body. but on the but i was going to do the book on useless all that business and just. instead of being. removed from learning she must do i feel story a stock or even a source in the course of your media which resists him but a function is just for fun if you go chill the fuck should. come from business compassion that. we think he minds be soldier to piss off the boot she's wearing. to church to so looks like to move or a pause will stop when you're working with both you and your luggage on the shore stuck in the summer watching the police force to bust all the.

headlines this tuesday in r.t. after a year of isolation the us seeking to open its doors to tourists but only for those who receive jobs approved by brussels also to come in the us government marks told press freedom day by attacking other countries records on journalism rights and freedoms and finds the imprisonment a way to straighten citizens returning home from india we hear from some who feel like they've been abandoned by their government. if you will that's true you're disappointed. to be a little stressed with someone who's losing their family members losing jobs like think this is an extra stress putting on people.