artificially low mortgage rates don't get carried away that's cause report. credits bans at schools for using a modified version of the french language that supporters say avoids it sexism people are bitterly divided though about whether reforms are in fact needed. we must include everyone for me it's a bit bland the issue of sexism and ricing is something you have to take into account cities useless complicate speech. for 200 people and a number of officers are injured in clashes in jerusalem with police taking a tough line on journalists filming gun rights. and food of the future or so they call it dried yellow worms could soon become a large part of our menu as food safety agency gives the green light to high

protein products. stick around a full newscast is coming up in about 60 minutes time but right now it is the kaiser report right here on r.g.p. international and sputnik is on the way in the u.k. stay with us. fire max kaiser this is the kaiser report and we're going to talk a little bit about plywood. yes thanks 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 in the shop of costing in member we recently spoke about that on price report but here are some new data points to look at soaring 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 and that's just 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 terminal pandemic lockdowns going off in the next few years so there's a land shortage because. very few people. who haven't been paying their mortgage for the past year or their rent to the landlord don't 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 a 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 for case now here we are in the 2nd quarter of 2021 and it's showing up because one of the primary reasons for getting inflation here is the degree level is a show 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 has now been used up right so now because there's a man's agonise and because incomes in china have now match those of us the u.s. . that ability to hide the money printing through the labor sank in china is gone so now you've got prices going up for real for stuff like lumber and that's if the fed says it's transitory. i'm here to say that's a categorically a lie because in less and less globalization picks up again and less but china and america start singing kumbaya together and everything's all katie now jakey 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 is also baked into there so if house prices are 30 $6000.00 if that's

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 dry wall 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 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 this by the number tariffs are still there that trump introduced so despite that people are still. they're paying any price and will factor is always mentioned that by the way on wall street dot com that this is a mindset change a psychological change is that usually for the past 20 years 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 my d. globalization is coming so you know we might as well get a laundry and new laundry 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 still 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 life so a lot of people are noticing that they're 16 ounce beef is the same price but it's only $12.00 ounce that the law and. bars from switzerland are missing some of the little pieces of the of the candy bar right as shrink slice and the prices are the same but you're getting 102030 percent less of the package so he had that's a gather that's. 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 at least as 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 see. this week that is part of that decomposition which is the through 33 cities track that we talk about 1 all the time that when a rising nation starts to overtake the previous big power china overtaking the u.s. well you see that and 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 there are 5 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 if and financial and other giants alibaba pay and they're starting to compete with you know the state enterprise or they were and jack ma then think you got went silent for some reason yes comical because if it's good statements from the white house and in washington the saying that you know. that sounds like the antagonistic toward china like the like 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 policymakers and they say they're there they don't

know what they're doing they're stupid or they're in the pocket of some foreign powers well 8 like i said at the top there are lots of people moused squatting in their homes and they haven't paid their mortgages or their rent for the past year. and pretty much true if you listened in on them they would have they would justify it by hating the landlord that 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 the debtor owes this creditor money and you know they become like that doesn't deserve my money that you know the same start they're basically they're becoming 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 a bad guy that's the way it happens and like i've been costello they hated mr fields until he was their landlord yet 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 shadley but also comically i think is actually the best move to make it is like to try to extend a 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 that's joe biden hey 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 the system is about to and they know the system is about to end they're going to but if somebody's sending you essentially free goods. he got to keep it going i like he got it yes sure list your companies on our side sure bring it over here like you do whatever you can let make sure the

landlord lets you stay another month for free so the us is our side say 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 just more of on the economy where the interest rates are so low but that's the 2 faced lie because there is huge inflation and there are the rates should be going up aggressively as paul volcker did in the seventy's to stem the

inflation that's the way you 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 it's 0 percent and warren buffett jolly monger right that's the recipe for odder fricke them collapse a low does anyone care yeah on the one hand is 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 blunder because the megacorporations well and it's also perhaps showing 'd 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 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 it 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 by coming your way. while giving this us. and we are all union. rational

and. those that are a lot of them need. to get the new go cars and. people in the zimmerman pull the idea from chula vista resume. the. small fortune into the begin to. fortune for the automobile out about this more than just financial.

live. live. live. live. welcome back to kaiser report it's time now to turn to the last man in new

york city fire stime let's welcome news for having rash bridges 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 a plan a ponzi everything is a plan a ponzi just like you predicted mets the people love it incomes are up 21 percent just on the transfer payments on the fed's printing money stock markets are adding 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 if we are 192940 like it's $999.00 max every financial crisis from the beginning of time has happened for the same reason you much debt you much credit you much leverage and we discuss this implant now the revolving door between washington and wall street is wide open these are not just bottles or risky it's a it's created

a media a media in every market unlike what we've ever seen before we've got 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 to take money printing fake federal reserve shake economic data shake sure it shrinks lation media fake hollywood 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 with that as because they realize they're being lightship you can only fool some of the people some of the. not all people over time at least on the scenes about to hit a wall in the jungles are about to. write 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 in a duster then the depression but we have something kind of new since 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 it's 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 us nearly 40 percent in canada for houses compared to the subprime crash or whatever

incomes are now up interest rates are at 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 badly for everybody the money printing and getting n n g magic money tree or modern monetary series agent will turn to infinite quantity of money without hyperinflation will ramification is just the most is our thing i've ever heard of in my whole life. and showed this short us dollar gemini's tiny chain and china will probably come up in kind of commodities along we will own shit other countries with an exchange will commodities fungible exchange or i don't know who our gold oil kind of basket is because printing paper it's absolutely worthless

the people are going to realize this is worthless why are bonds and eventually we'll have wires strike here and have bonded get it armageddon in the bom all its which we haven't seen here because you still gotta eat well there she will linger long listening to the narrative he's going to get pretty ugly pretty weak when people realize that this is the biggest ponzi scheme in history now the book that i wrote obviously was a little it most whites time but everything in it is still holds a news on the sheet he's 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 few years on from 1000 china 24 china to 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 made just $1.00 over to china so china still accepting the paper money from america and the

question is. is the one they 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 us or china. yes competence so is their game plan the kind of play possum they say will take your funny money and will going to buy half of the s. and p. $500.00 until such time as a.o.l. the s. and p. $500.00 and then we won't take your funny money anymore what's going on that's why i don't think genuine is the change there was the hour but i think there will be no 'd terrible urgency to replace our i think what you asked as evidence is very much a one party system and they need equal they want try to say they want it you tried them in. while the biggest blunder in economic system you have china and the oligarchs. in this better than anybody else shares trader who go their whole sense

or long or they want cheering 1000000000 new customers in china and here in china as in in chains while you're right the same thing in. china rock when we lack won't get anything and no china will has probably one who are without a shot being fired is nobody to sions are purchased by china nobody and i sitting on your program years eating chinese the issue russia's line issue was. problem in china is nobody as we. you know it's a thing because there aren't any interest rate in a comment like new zealand english live by cash and the rest. as you. want news you need to do now and it's very difficult we could change one bundles of cashing 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 rang 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 wedding 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 know if he knows it he bernie sanders in income or harrison amc that are behind the scenes here he's going to end in disaster because the economy is not better you can't there is no recovery just a recovery just like we have to shake shrinks lation and there are lying about the information numbers the employment numbers all you have is a show inching money and this money is needed look like there's an easy as good as it gets ringing 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 it's going to she

will of the fire things worse because it doesn't help profits it doesn't help we're not we don't have part 2 video we have this money in order for economy why we need to make products and nothing standing money that will change and that's the only thing that sustain this ridiculous farcical. shows or claims that we have right now warren buffett underperformed the s. and p. 500 for the past 20 heiress and charlie munger now say that it is it. not fair what's not only quote disgusting but a threat to mantras of civilization what do you think is a greater threat charlie munger innisfail or bekele i'm let's. janet yellen running the treasury is a bigger threat than all of them and he looks she can get it right it show reserve i did a presentation in general and. and there were

a couple slides here's one of them about general jaan was used at the central bank machine instruction in central banks and you know she's paid $8000000.00. lobbying organizations in big i guess that's where she got it is she who she looking out for she's already said she's going to declare war on cuomo and know exactly what that means as i've said many times and we're going on is an alternative asset oss we've all to use externally high and it's i think it's binary sheer if you go to a 1000000 or you go to 0 and so people should have it were sitting in there or only or because she'd be part of it we shouldn't we shouldn't buy into any investment if they can afford to lose money on it in the short term because there's no guarantees wonder that it can tell you is that evaluations of the stock markets in apple if you will for trillion in these companies that are valuing would you change dollars just the most bizarre thing in the history of this universe the same thing you can

tesla it's never made a profit you know profits on are when it's in a rockets with. trading days or when you do other things without selling pause which is the primary business you all must himself several $100000000.00 it does need a $100000000000.00 in encounter 2020 and this is an indication that machine and lost last night was. well it's turned into media i am take a wild digression hair you know because i'm going to fall on tommy and we have a lot of chats and stuff sighing i go with us so you're a new yorker i'm a new yorker and the news that they have on las casas saturday night live was as a new yorker thing. because the cast members panicked and suggest they won't be on the show for some salsa justice warrior fang not sure exactly what. but is that doesn't that kind of saying all 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 that 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 germany and justice for all 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 school system and it's interested in shock it rather than corporations it wasin or we should jackson who raised in charge of the e.p.a. 08 ministers of the e.p.a. and more obama and his apples she's all these you know it's partly washington and wall street in play a revolving door so they go to regimes like apple and they run the all season air after day. oh now it's all about social justice and is it any and my shock if you own lost is going to be on saturday night live while he was away and he's one of

the richest owners in the world will his empire come crumbling down he used the internet to get worries used on social media since all is smoke and mirrors in wall comes crashing down will be a lot of people lauren michaels like and a cough from the s.s.a. . and that the answer as thing anyway we got to wrap it up mats now settle say a person again thanks for being on a cause or import. needing nets for i was going to death us a test not the kaiser report west may max foster and stacy everett was like our guest misfires time author of plan a ponzi and so much time by how. would

you like the. americans i would say i'm not american but americans helped out really. world war 2 cures the depression carson says she's concerned prosperity of course the store. lead. to sleep. for the for us the whole world what it what and. historical rewrite ever since world war 2 to foment the cold war against russia against communism and. does this new bush as. it was so it all mean that she also lost a swath of it so you could call. the i think world war 2 has

been distorted incredibly.