but when you go back to why they were created those genes were created for males to nurture other males to aggression to teach them how to deal with it through aggression. fire max keiser this is the kaiser report and we're going to talk a little bit of a plywood. yes chase yeah you are certainly 'd hitting on a topic that is near and dear to many in america and everybody has been posting their images of plywood and lumber and how much it cost them on the shock of crossing in member we recently spoke about that on price report but here are some

new data points to look at soaring a lumber prices at $36000.00 so the cost of a new home and a fierce landgrab is only making it worse so a lumber prices so far this year since january 1st of 2021 are up 67 percent they're up 340 percent from a year ago and you know part of the reason well we we have discussed all the money printing that's causing inflation on this is part of that but the other part of course is with all the free money and stimulus comes the desire for many to move out of the cities they don't want to be stuck in a turn a pandemic lockdowns going on for the next few years so there's a land shortage because. very few people. who haven't been paying their mortgage for the past here or there rent to the landlord don't and there are moratoriums on kicking them out so they're stuck in there so this shows up in the

the supply the actual supply why there's a record number of people trying to build new houses because there's a shortage of supply of previously owned homes there is a major shift in the market's composition due to the record shortage of existing homes available about one in 4 homes for sale are now newly built the highest share ever historically new homes make up just about one in 10 a fierce buyer competition is behind that shift prices for new and existing homes are at record highs for a member when we did our 1st show of the year we name 3 things for 2021 degree level ization dollars ation china fixation now here we are in the 2nd quarter of 2021 and it's showing up because one of the primary reason for getting inflation here is the degree level is ation that has put american china on an antagonistic footing we've got

a new cold war here and all the benefits that came to the u.s. economy by shipping all of our jobs over to china. it has now been used up right so now because there's some antagonism and because incomes in china have now match those of use the us. that ability to hide the money printing through the labor strength of china is gone so now you've got prices going up for real for stuff like lumber and that's not the fed says this transitory attempt i'm here to say that's a categorically a lie because unless unless globalisation picks up again unless china and america start singing kumbaya together and everything's all katie now shaky now jakey that . well remember we were covering in the last episode like the boom in g.d.p. and consumption and stuff like that you have to factor in these costs like inflation baked into there so if house prices are up 36 $1000.00 if that's up over

15 percent you know that's also factored into those numbers so you're starting to see all that inflation and all of the numbers and it's not just lumber as they point out prices of gypsum which is drywall are up nearly 7 percent for me ergo steel mill product prices are at a record high up nearly 18 percent and march year over year it's used for being sheet metal products and wiring and the price of copper also set a record high this month and it's 27 percent year to date i remember discussing copper prices that were soaring back in the 20082009 financial crisis and that was also part of that supply chains getting knocked out during the global financial crisis during you know it was a liquidity crisis credit crisis right because nobody wanted to lend to each other so the cost of shipping across the world soared now the ship and costs are and

freight costs are soaring because of you know the fact that the u.s. economy still shut down and only china is open but the u.s. economy. the consumers have so much money now that they're buying all these things and this is despite the lumber tariffs are still there that sean penn should do so despite that the force the like they're paying any price and will for a cure is always mention that by the way on wall street i found that this is a mindset change and psychological change is that usually for the past 20 years like prices go up like this and people stop spending but there is that hyper inflationary mindset is like they have to get something while they still can maybe they're also signaling they see they understand d. globalization is coming so you know we might as well get a laundry and new launch machine now while we can because you know it might take a few years for factories to set up in america or saw an alternative to emerge right and the inflation numbers are understated not for the reasons that we've talked about like the absence of including things like health care and education

and housing and the official c.p.i. numbers the government says inflation's at 1.6 percent because they're trying to make it easier to lend money to warren buffett at 0 percent even though they know i'm sure that it's running at 789 percent but then when you factor in shrink so a lot of people are noticing that their 16 ounce beef is the same price but it's only $12.00 ounce that the. bars from switzerland are missing some of the little pieces of the candy bar right as shrink place and the prices of the same but you're getting 102030 percent less of the package so he had that's a gather that's that's you now you're talking 20 percent inflation yeah but even the government the fed the fed numbers they did come out and say that the c.p.i. did jump but it's transitory and it's over 3 and a half percent now so they are signal it was a pretty huge jump but in terms of the situation we find ourselves and and so we

have the house prices going up. he says some domestic wealth effect and you know versus all that money the stimulus checks that we're sending to china but here's another interesting data point and chart that i saw this week that is part of that decomposition which is the 33 cities trap that we talk about all the time that when a rising nation starts to overtake the previous big power china overtaking the u.s. well you see that in the numbers and you see that i mean if you trace the hostility between the 2 nations and actually also with this and that is and 2019 the number of chinese firms in the fortune 500 over took the number of american for the 1st time the number of american firms so here's the data going back to 1905 when there is 0 and then we elevated them to the deputy 0 favored nation status and you

could see that china is now has more bigger companies than american ones to be fair you know the article that they're linking to points out that a lot of them are state owned enterprises kind of like fannie mae freddie mac's sort of situation where they're getting a lot of backing from the government and then on the other hand in their defense you know dan collins is often pointing out that especially in the financial services sector and financial and other giants alibaba pay and they're starting to compete with you know the state enterprise or they were in jack ma then things got went silent for some reason yes comical because it relates to statements from the white house and in washington saying that you know. that sounds like antagonistic toward china like the like the but but they're just listing companies on the exchange and now they're the huge component of the exchange it's really comical

because they are the policy makers and they say they're there they don't know they're doing they're stupid or they're in the. some foreign powers well 8 like i said at the top there are lots of people mouse squatting in their homes and they haven't paid their mortgages or their rent for the past year and pretty much you if you listened in on them they would have they would justify it by hating the landlords of the landlord doesn't deserve their money the landlord is the scum the landlord is the evil person and they justify it same thing here is the debtor owes this creditor money and you know they become like that doesn't deserve my money that you know the same sort they're basically they're big having like anti-globalization activists they don't want to they don't have to pay the money that they owe and you have to turn the person you owe money into the bad guy that's the way it happens and then like i've been costello they hated mr fields and billy was their landlord yet oh you got biden and powell are like the new abbott and

costello like. how come we're broke you know they're like i don't know jackie gleason and you know it's just a sitcom basically so america's got a sitcom for government but also comic life i think is actually the best move to make is like to try to extend it pretend for this thing if the fia system is going to collapse you might as well you know act like how few puffy you're going to pay them one day but you know you know just keep sending me those goods and i'll pay you one day you know just like act like a comic no you won't be from popeye for a hamburger today i'll pay you next tuesday that's joe biden china send us over another $50000.00 container ships full of stuff and we'll pay you next tuesday hey max everybody if we know this system is about to end they know the system is about to end they're going to but if somebody's sending you essentially free goods. you gotta keep it going i like you got it yes sure list your companies on our side sure

bring it over here like you do whatever you can see let make sure the landlord lets you stay another month for free so the us is are such a squatters in the world economy yeah why not like if it's over i would do that that's my opinion that's what i would do i would get take as much free rent as i possibly could and that's what they're doing the u.s. borrowed short term money for free for the 1st time since march 2024 week rates on bills are now the most negative since the height of the pandemic with the u.s. paying down short term debt and investors looking to park record amounts of cash was very important because in other words they say that there is deflation and they say interest rates need to be near 0 percent because we need we need to do whatever we can to stimulate this more about the economy where the interest rates are so low but that's the to to face lie because there is huge inflation and there are the rates should be going up aggressively like they as paul volcker did in the

seventy's to stem the inflation that's a way to run an economy but to have the worst of both worlds and say we're going to let hyperinflation take off while we're keeping jamie diamond's free open money spigot from the fed and 0 percent in warren buffett jolly mongar right that's the recipe for otter fricken collapse a low does anyone care yeah on the one hand a signaling deflation but on the other hand it's also signaling that banks like j.p. morgan don't want to lend to ordinary investor ordinary small businesses because they know those are going to be crushed perhaps in biden's tax wonder because the megacorporations well and it's also perhaps showing that inflation is even going to get worse because you know probably this is the fed just buying the treasuries you know debt like it's just the banana republican is and we've covered that with it's happening in canada it's happening. and they and european union and so it's

just that it's the same thing it's more chewy it's more shenanigans it's more destruction of price signals. it's maybe testing the waters because they had always been argued that you know the u.s. can't go negative because people will otherwise the dollar will die so you know that's my assessment all right cool we're going to take a break they will they come back much more coming your way. so what males have tended to do and still do is is we tend to we certainly have empathy and all of that but we also tend to nurture through aggression so we create things like soccer and football and you know all of the various hundreds of games that involve aggression you know 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 to aggression and to teach them how to be empathic few aggression.

is your media a reflection of reality. in a world transformed. what will make you feel safe from. tyson nation whole community. are you going the right way or are you being lead so. direct. what is truth what is faith. in a world corrupted you need to descend. to join us in the depths. or a made in the shallowness. we

start to at the core is a belief so you can each snooch other than the human one. but on the better side going to the book on the soul that is dismissed. in some of. the emotional learning tedium months that you are you will still be stuck or your muscles in the course of your new year which muses to that of i'll show you who's just woken. up to go chill the church. will settle into business compassion. we think she minds be soviet soldiers the kids off the boat she's wearing. a huge wedge so the sold out so it can move the opposable opinion more than with it and you'll like it i'll be sure stuck to it in the summer washing are still used for just sort of the.

welcome back to the kaiser report it's time now to turn to the last man in new york city fire stein let's welcome his for having rash ridges here all right now you wrote a book called plan a ponzi lots of cars says was a breakout international best seller and now are at living in plan a ponzi everything is a plan a ponzi just like you predicted. the people love it so incomes are up 21 percent just on the transfer payments from the feds printing money stock markets are ending all time highs annual consumer spending the most ever met now. it looks like the wrong twenty's or am i missing something or what's going on in our 1920 you know

already late 1999 max every financial crisis from the beginning of time has happened for the same reason you much debt too much credit do much leverage and we discussed this in play and now the revolving door between washington and wall street is wide open these are not just bottles or risky it's a ponzi scheme that's created a media a media in every market unlike what we've ever seen before a combination between the governments of corporations or ideological fascists that are running the country truth no longer matters we have comedians marshalling the narrative we have state money printing fake sugar reserve shake economic data shake sure it shrinks lation shape media fake hollywood image democracy and fake justice system so where the truth no longer matters in silicon valley the oligarchs are the people who are pulling all the strings on behalf of china you have a big problem because eventually people are going to start to get shut out when as

it is they realize they're being lied to you can only fool some of the people some of the. not all old time and kanzi scenes about to hit a wall in the jungles are about. right you know you hit on something very interesting going back to the 1920 s. of course we had a mania in the stock market and it crashed and it ushered in the depression but we have something kind of a new sense then you know starting in the 1980 s. and then gathering speed for decades we had the securitization of everything in the economy everything that had an income or a yield attached to it was packaged turned into a bond sold hypothecated sold again so we have a situation which is different than the twenty's and that is not just a stock or even maybe the bond market in a manic bubble but everything's in a bubble like lumber prices $36000.00 added to a cost of a new home just in the last year because lumber because it's been securitized

because been financial ised as part of the ponzi plan a ponzi is racing ahead out of control prices are up 15 percent in the u.s. nearly 40 percent in canada for houses compared to the subprime crash or whatever incomes are now up interest rates rather an all time low fed is buying up the mortgage backed securities so they it looks like the twenty's but it actually structurally it's a lot worse than the 1920 s. but it's. oh yes max it's definitely worse and this is going to definitely end extremely bad news for everybody money printing and using an energy a magic money tree or modern monetary syria that your agent will just turn to internet quantities of money without hyperinflation will ramification is just the most is our thing i've ever heard of in my whole life. i'm sure this issue or u.s. dollar generally is coming to an end china will probably come up with some kind of

commodities along we'll get other countries with an exchange or commodities fungible exchange or. copper gold oil some kind of basket of commodities because printing paper that's absolutely worthless the young people are going to realize this is worthless we're going to buy instead and eventually we'll have bond buyers shrike here and have bonded get it armageddon in the bond markets which we haven't seen yet because you stand out well where she owning a long narrative is going to get very ugly when people realize that this is the biggest ponzi scheme in history you know the book that i wrote obviously it was a little it was for its time but everything in it still holds a new ponzi scheme is ready to blow right all started by china for a 2nd imagine that you know china still takes our paper money you know people still buy stuff that money ends up going to china you know the incomes in america in the

last 5 years on from 1000 china $24.00 china's a 5 trillion dollar increase based on transfer payments that is the same money printing from the fed and of course they went out and bought stuff at wal-mart other big box stores which means it just went over to china so china still accepting the paper money from america and the question is. is it the one they're just going to say we're not going to take that money any more. concurrently i have a part of this question is that half of the fortune 500 now in the u.s. or china. yes competence so is there a game plan the kind of play possum to say well take your funny money and we're going to buy half of the s. and p. $500.00 until such time as we all the s. and p. $500.00 and then we will take your funny money more what's going on that's. the genuine isn't the dollar but i think there will be no parallel currency to replace the dollar i think what we us as errors is very much at one party system and they

need equal they want tried was so they want it you tried them in the democrats. while the biggest blunder of economic system you have china and the oligarchs. point to this better than anybody else. twitter google censor america they want cheering 1000000000 new customers in china in here and china's all in chains while you're right same thing with. china iraq and then we are quote meeting in who know china will. probably one who are without a shot being fired because nobody. china nobody and i sitting on your program of years eating chinese the issue russia's line issue was. problem in china is nobody as we. and you know it's anything because they're all in your interest rate to make a comment like news you need in this life by cash and the rest we're going to

supply because you. want news you need to do now and it's very difficult because cheney is throwing bundles of cash. now thanks and then at some point fannie mae and freddie mac. could be sold to china and then china would be america's biggest landlord and that my rent some bells or maybe not speaking of having people's bell rung joe biden wants to raise corporate taxes to 28 percent from 21 percent and double the capital gains tax to over 40 percent. this is a sound like a winning formula to compete with china mats what do you think. i don't know i don't think he's running the show i don't think he knows it he bernie sanders and in kamala harris and a.b.c. that are behind the scenes here easier to end in disaster because the economy is not better the count there is no recovery it's a state recovery just like we have the shake shrinks lation and there are lying

about the inflation numbers the employment numbers all you have is a steady 13 money and this money is needed look like yours and it is good as it gets beginning of this year was 'd as good as you're going to see everything's going out of which it is declined from now on and raising taxes is going to she will have the fire things worse because it doesn't help profits it doesn't help we're not we don't have part to video we have this money thing in order for. we need to make products for making nothing standing money that will change and that's the only thing that sustain this will did it was farcical. shows or claims that we have right now warren buffett underperform the s. and p. $500.00 for the past 20 heiress and charlie munger now say that it is bit and not feel what's not only a quote disgusting but i threats and interest of civilization what do you think

it's a greater threat charlie munger and his fear or because i'm a mets. janet yellen running the treasury is a bigger threat than all of them i mean look she can get it right it's no reserve i did a presentation insincerely and 0 and were a couple slides here's one of them about general yellen when she was at the central bank machine instruction in central banks and you know she's paid $8000000.00. lobbying organizations in big guy that's where she got the issue a treasury issue she looking out for she's already said she's going to declare war on what exactly what that means well as i've said many times a little more going on is an alternative asset os with all chinese extremely high and i think it's binary so if you go to a 1000000 or you go to 0 and so people should have it worse a day in there or only a part of it is shouldn't we shouldn't buy into any investment if you can afford to

lose money on it in the short term because there's no guarantees wondering you can tell you is that evaluations of the stock markets in apple if you will for trillion in these companies that are value would you change dollars just the most bizarre thing in the history of this universe the same thing you can't tesla it's never made a profit you know profits on our rights and they make profits with. trading big we want to do other things we're not selling cars which is the primary business you are musky himself several $100000000.00 it has made a $100000000000.00 in in calendar 2020 and this is an indication that machine and froth you know it was the. bubble it's turned into me i am take a while digression here you know because i'm not a fraud tommy we have a lot of chats and stuff song i go with us so you're a new yorker i'm a new yorker and the news that they have on moscow's case saturday night live was

as a new yorker thing. because the cast members to panic and suggest they won't be on the show for some salsa justice warrior thanks a lot sure exactly what. but is that doesn't that kind of say no to us it does to me that america in a new york is kind of the cultural center of america has lost its mojo like this is so sad met you what are your thoughts. well i think that you've got the social justice they don't understand that there's a difference between justice in terms of justice for all and in terms of liberty and in terms of democracy and social justice which is just you know what happens when you have 40 years of indoctrination in the school system and it's ingested in shot it rather than corporations it wasin your lisa jackson you were raised in charge of the e.g.a. all 8 ministers of the e.t.n. were obama and his apple she's all these people you know it's part of washington

you wall street a play a revolving door so they go to regimes like apple and they run them all she's an heiress you're gay you're alone now it's all about social justice and is it any and my shot you on last is going to be on saturday night live while he was away and he's one of the richest allies in the world will his empire come crumbling down he used the internet to get worry is used on social media yet it's all is it's smoke and mirrors and maybe all comes crashing down when you lot of people learn michael's like and i cough from the asses say that and that the answer as thing anyway i got to wrap it up minutes now senator sam 1st again thanks for being on a concert for actually having needing nets are i was going to death us a test not the kaiser report with may max foster and stay sara but i think our guest met firesign author of plan a ponzi and so much time by. friends

of bans in schools from using a modified version of the french language that supporters say avoids sexism people are bitterly divided though about whether reforms are in fact needed. we must include everyone for me it's a bit black to the issue of sexism and pricing is something you have to take into account cities useless complicate speech. over 200 people and a number of officers are injured in clashes in jerusalem with the police taking a tough line on journalists filming young rest. and food of the future or so they call it dried yellow worms could soon become a large part.