israel ramps up airstrikes on the gaza strip while tanks and troops at the border shell the territory from the ground raising fears that an invasion of the enclave could be imminent. stop the madness that's the police from the israeli president has chaos reigns on the streets and sirens across the country wail warning of incoming rocket attacks from gaza. those are world news headlines for this hour on behalf of the r r t international team thanks a lot for watching and we hope to see you again soon. what

could this be all about. max you know you call timber when the big tree cutting down is about to fall and you warn everybody that things are falling apart in the woods and i think you could say the same thing about it's all this money printing and the monetary policy amidst a pandemic where supply chains are shut down as well and we see the impact on mega mega inflation starting to happen $1610.00 is what prices soared to so here's the c.m.d. contract look at that look at that going parabolic max yeah this is of course hitting the housing market in the united states as everybody flees the cities and

makes for the countryside and as we've pointed out before of course there is a moratorium on kicking anybody out you know renters who have failed to pay their rent for the past year or mortgage holders who have failed to pay their mortgages as most mortgages are backed by the government essentially so there's a moratorium on that and therefore there's a supply shortage on top of that the pandemic is also has a supply shortage on workers so here we have lumber prices going parabolic on the markets. wrap our minds around this we've been saying now for years that all this money printing would cause a reflection but we didn't really see it at the level of the c.p.i. consumer price index well because the c.p.i. doesn't reflect the actual prices of stuff that people use they typically quote prices of stuff that people don't use and they don't include housing or health care or education for example. and that worked for a while but now it's through. the hearts are high the fact that the money printing is causing a lot of inflation as you would expect so now the big question is do we take the

word of a central bank who is saying that it's transitory and that this is a sugar high and that things are not going to last in this way or do we think that this might be a structural beginning of an inflationary period possibly a period of stagflation because the economy could be stagnant or is it what decline is telling us that the u.s. dollar has been in a hyperinflationary collapse against it point i think when you look at the bond market which is a proxy works way inflation's going if you've had a 40 year bull market in bonds which has told us that inflation is quiet and i think the bond market is turning so i think we're entering a secular bond bear market which would indicate we're in a secular period of inflation the entire real world of all the commodities are spiking in terms of these house price cost and wolf street will factor he speaks to

a builder in the midwest somewhere and this builder mentions that 3 inch p.v.c. pipes which are obviously crucial to the plumbing system in the house he was able to secure those at $0.12 per 3 inch back in the autumn they now go for $5.00 or so per foot so you know. huge increase in the price of these p.v.c. pipes but he mentions again like the builders are willing to pay at the developers are willing to pay that and the consumer that buyers all along the chain are willing to pay those prices he says shows that there is a massive shift in the mind set what would have caused a buyer strike in past years is now causing a buyer's. frenzy so the price going up you see this and inflation's or

hyperinflation it's a frenzy of buying because you want to get it before it gets even higher so that's what you're starting to see that mindset is the psychological impact across an entire economy is obviously what the fed spends a lot of time trying to manage that's what the fed speak is all about sort of manage the psychology of the market participants right so this looks like it's shaping up to be an inflationary depression yes like we've seen why margery money or or venezuela or zimbabwe versus what we saw in the 1930 s. in the u.s. a clay sherry depression so this would be an inflationary depression and people are panic buying assets right now to protect themselves against what looks like. on the horizon which would be an utter collapse of the u.s. dollar of course in charge of the u.s. dollars the treasury the treasury tries to stay quiet and let the fed which only has power over credit it can't print u.s. dollars so it lets the fed do all the you know be the puppet like this kind of

spokes person that's always speaking up the dollar whatever but yellen of course janet yellen who's the treasury secretary now used to be the fed chairman was she's now she set off a panic by saying you know we could raise rates if interest rates gets you high of course that's not their remit of the treasury at the moment but it caused panic is like is this what they're thinking is this what's going to happen and just the fact that it's not prices going parabolic like that isn't telling people already that there's inflation like why do they why why are they getting panicked because the treasury secretary points out what is obvious she's obviously watching kaiser report oh if i recall my dog. the book. death of ivan ilyich it's an interesting parable about a man who witnessed his dead but apparently but he can hear the mourners talking about him his life that would be interesting yeah yeah so here the economy died in 2008 global financial crisis we just haven't buried it yet like

ivan ilyich he hasn't been buried yet and you can still hear what people are saying about oh so we can still hear people talking about the economy like johnny allen and jay powell even though it's technically it's dead and. apologize if that's not off. but it's definitely one of the 2 or 3 most famous writers but nevertheless the analogy holds even though some names may have been incorrect. well. you have that wrong he was told story. oh right right right i always get those 2 mixed up yeah yeah that happens you know great writers all get confused with each other but again. getting mixed up of course people can't tell if there is inflation or deflation again like we've been in a whirlwind of like of chaos since 2008 and for that entire time nobody knows whether

we're going up or down whether there is deflation or inflation the fact that for example incomes are up over 20 percent in the past year. stock markets hitting all time highs of course now there's some tumbling in the nasdaq and stuff but like that reads like boom times but the government policies are like great depression level stuff like everybody's applauding biden as being like f.d.r. and you're like but the markets are all time highs and you know incomes are out so like what's going on here is the f.d.r. for bankers. quantitative easing is the same as what we did in the thirty's under f.d.r.'s work relief programs you know help people get jobs any injective them with money right so biden's like these poor bankers they going to get their bonuses this

year some of them are defaulting on their yacht payments what can i do i know i'll send him another trillion dollars yeah well the fed is obviously doing the quantitative easing which is an easing of credit and taking all the bad debts and putting on the fed's balance sheet biden is presiding over the treasury and janet yellen who are speaking to a debt economy and they're printing up actual treasury bills actual money layer one piece money they're printing it all up and throwing it at anybody of course. you know the way our economy is set up you can't get it to the people you have to give it to bankers 1st they want to cut and run the agree to it right or it's just repeated by the same guys you know whether it's base money being printed or a credit being expanded it all rose leaves through the narrow passage called jamie diamond's bank and actually. speaking of that i want to point out something that i've been thinking is that you know quantitative easing started in 2008 in america

it started earlier in japan but it started in america and as you said like as the fed issue in credit and swapping all the bad debts taking the bad debts off the balance sheets of the private banks and putting it on the balance sheet of the fed which ultimately the taxpayer the american population underwrites whether or not they understand that but so that the quantitative easing cause that can tell in effect cause that huge wealth gap that happened right so now you have fiscal stimulus for the 1st time this hasn't been seen ever in our lifetimes like we've never i think max you said you once received a $600.00 stimulus check you just laid it on the reagan under reagan i've never received any of them but these are just like mammoth size so i'm feeling like you know now we're in the next phase of that like we had a domestic can tell in effect now we have global one starting to happen right so all americans are getting huge thousands of dollars of checks trillions collectively and that's calling cantillon effects globally right because now

they're getting they're closer to that fresh prince of cash versus somebody in bolivia or mexico or europe or anywhere else like this this flood of cash is coming in here 1st so you're going to have a council in effect but you know if this is inflationary and the great depression was the place now what you saw was that game theory going on and you know geo political level of like you're trying to beggar thy neighbor by pushing deflation on to them like britain was the 1st to pull themselves off the gold standard they boomed and then every at the expense of others so i think you're starting to see that you're seeing that in the commodities prices you're seeing that in in the headlines about inflation iron or steel hit all time highs as monster commodity rally breaks records it goes on to talk about all these iron ore prices steel and all that stuff and it has a. it's to do with this like game theory and the trade wars going on between the u.s. and china and what's going on there right right the money printing is causing

a global console the fact because the americans are taking a check that money and they're buying goods from china yeah i saw that got to china has a surge and then they have an exports are split so this is resulting in the globalization remember in january we said the 3 major trends for 2020 want to be degree level is ation d. dollars ation and d. population so this is deid dollars ation indeed globalization and we see this even you know happening post prices now i see that britain and france are you know already have their throats over fishing rights and actually coming to blows so this is all happening in a context and that the globalization backed leading up to the great depression that was like a crack up a crack down collapse a crack down depression this is a crack up depression is a crack up deflation globalization process like to say let the bonds collapse in the in the depression of the 1930 s. you had banks go bankrupt and you had markets collapse and that was deflationary

and deflationary depression here sense bernanke in greenspan you have constant bailing out of the banks with all this crazy money so there was never the natural process of getting rid of the bad banks all they did was they kept of zombie banks alive and now this is led to an inflationary depression and of course back in one $1033.00 they were able to seize the citizens gold the american citizens had savings now they've gone right so that all they have are checks from signed by biden with a letter from biden so it's like there you have to go seeking elsewhere and that that you could beggar thy neighbor with the inflation the hyper inflation right which is leading to conflicts. yeah let a currency war hot war and i'll show you this iron ore prices hit all time high $200.00 a ton that's the 1st time and that's part of the crack up tell her. the way to work and hey we're going to take

a break and when we come back much more coming your way. to. the country that's. so country that is founded on slim fruit i mean a ball and she. has created. and produced both domestically and the world this was. always a fascist well given the state of our politics a fascist is your political opponent even mortal enemy tragically dangerously the

term fascist is more times than not a political slur to destroy someone's character fascism is an odious ideology and political practice we all should be careful when referencing. welcome back to the kaiser report i'm max keiser time now to turn to alex netsky he is the founder of amber app he's he's out with a new piece entitled fear fast as i'm in communism so i want to get them right on let's start with collectivism alex how does fear lead to collectivism give us some examples of this collectivism alex. that things i mean back on. syria collective that's my i guess you know the idea that somebody has asked the.

creates the object code or the mechanism with which we measure the part of you know the part of the label if you know. that they then have the ability to play a game of heads i win tails you lose and whatever action they take if it's a good you know action and they make you know good decision they get to sort of private scientists they gains and if they make a bad one they get to socialize the losses by creating more of this thing called money and so we pay for everything so it creates like a really a mistake again and it is the basis upon which all clicked and there's myspace like collecting isn't this idea of whether it's communism fascism democracy. whatever other ism a you know want to place these days if it requires some sort of institution to keep itself in business and the way it keeps its social business is by stealing from us

and yet enables that whole think it's crazy right i say we're going with that now. it happened over time right because it's a slow process people and people aren't aware of it where you're saying people will say ah you know i hadn't thought of it like that let me you know if you want what what do people think that they're getting with fiat money well i mean when arsenal what's money they're like aren't it's in the government ish snow so they assume that it's like some sort of mechanism and most people who are trying to find money it's like a meeting of exchange so they sort of know that the money itself doesn't have any value it's just sort of it's tool so i don't really know what it is that people feel they carry they just sort of i think they're just a slate in ignorance and i don't think they then question what they getting and as a result they sort of never cheat in the slogan sense or right and a few other i.d.'s are so there's this can tell in a fact which is a sort of

a collective as a myth it's really a new deal for. or bankers if you think about it like you are saying if they have the ability to bail out their friends and with the money and to be have a print money and what we've seen is that no banking fraud goes without a bailout and this goes on over and over again and they also get to write the laws right so if you have a lot of piano you can go down to washington you can buy a senator or buy a congressman how some laws are written to we say this all the time for example the merger of citi group and travelers corporation was a patently against the glass steagall law but they did it anyway knowing that post merger they were going to change the law and that is really the law the law of the land is there is the law so if we have a deed stabilisation of society in places like the us where hyper partisanship has erupted between a so-called winners and the deplorable you know that's interesting is that in

america it's not really republicans and democrats anymore it's the people who got away with stealing the money the so-called winners versus the victims of these financial crimes which are the deplorable so let's let's address the elephant in the room big point such as big coin fix this and if so how is. it 100 percent i actually want to say you mentioned you know the bankers and i know what i see that it's not necessarily to thank the bad but the system is set up in a way thank is become that you know when there exists a monopoly like the states again theoretically speaking it's logical to go and coerce the state to create laws and regulations and rules of monopoly that enables you to have you know an unfair advantage so that's sort of the crux of the game there isn't the absence of the state actually you know getting competitive thank you which is a good thing like i didn't see nothing wrong with competitive banking you know if

you have. people playing on the same playing field and this is what the quintic says and says all right let's rip money as the as the most important to you know human society let's rip that out of the hands of everyone the state the bank is everyone let's just put it out here and it's a set of rules it's not a it's not an institution governed by rules but it's a it's a network governed by a set of rules and a voluntary and iraq health in and on that day anyone can build their own bank they can build their own financial service they can build their own you know community they can do whatever they once they caught here the rules. in favor of themselves at the expense of everyone else so say this is sort of democracy because it is the only possibility we have courts close as they aspire to a true equality of opportunity because like you never sort of talks about equality of outcome is that all of the opportunity is great and i like that sort of

conversation sumps because there realistically can i get equality of opportunity unless i'm sort of close the whole planet up and start everyone from scratch again you know we all live in different places at different points in time with different families and different opportunities and different results as with different social life all of that is always going to be you know different across the whole so we can't have the quality up to being anything other than if we can get equality of opportunity through the mechanism that we you know store the product of our labor and exchange it for money you create what's really really important which is social mobility and if this is something that i that he anybody talking about like i'm a big fan of yours he doesn't work for example and he's always talking about inequality is a real problem because. you know when someone creates wealth you get this sort of a 20 distribution with a ball well all you get what they missed is the dynamic nature of a system in which you con socialize your losses this is what they claim gives us

is it makes anyone who's at the top has managed to make a bunch of good decisions decline there's a risk of folding if you make bad decisions and anyone has at the bottom if they decide to make good decisions or if they make prudent actions they can actually climb in the current system be calm do that if you're at the top we can artificially stay that through the close to the monitors to get in if you're at the bottom you can't get ahead because it's fast. the thing that you're saving that the wealth that you're saving is there that great sponsor to save you see it away so instead of getting a natural 8020. sort of equilibrium in terms of inequality which is that to reset it may cheesy to music to see it it's all it's. well grains you see it in every. city getting a natural inequality you get an on natural inequality get a $99.00 to 0 point one which is what we said about deplorable and the rest of us so it's a. lot of that because we have it yet again that we're all playing the same rules

so that's a question i hear all the time. will it be quite simply replicate the system as we know it today because they see now people in the corporations and others getting billions of dollars of pickling and that's one of the instincts thoughts that people have but what you're saying is in fact it doesn't replicate the system as we know it because no matter how much because you have you cannot change the rules you cannot change the system because you don't influence the system everyone is equal in that sense and and that's very different of course he said that you can't wholesale change the system without really starting from scratch with bitcoin you are kind of starting from scratch but you we will see wholesale changes because we will see wealth kind of redistributed for lack of a better word but we're going to see a whole re a christening of the entire economy and there will be people who will be impacted

quite severely because the whole system is changing. but that's that's the way revolutions happen now. since we spoke to you last alex there's been kind of a new thing in that you know we talk about the console in effect and of course that's quantitative easing and a spend if it is the top one percent in the ways that we've discussed but in the past year we've seen an extraordinary fiscal stimulus so the ordinary american is getting now 20 percent more in income incomes are absolutely skyrocketing and it's all printed money that's coming from the government and oem but i'm you know what's the problem with this. wasn't suppose that i guess he talking more about the hand oh so you talk about people's wages salaries increase some i'm talking not about wages i'm talking about the transfer payments from the government in the form of the extraordinary checks that the government sending out it's not going from the

quantitative easing as you were from the fed it's actually money printing they're getting a check from the government and as such you know 34 percent of them the average american income now is coming directly from just check being sent to them from the government and so this is kind of a new thing a sense i spoke to your last sentence and it's it's q.e. for the people if you will is that it is a better word i don't it's never a worse like me and radio spoken about this is a big point of it and why he thinks it's a group think why they're on the side of the because i believe human beings exists and persist on the basis of having a mission. in life and for a lot of people that sort of mission manifests in sort of a career in something they're driving and striving towards since this is what you do by just handing out money to people is it's the classic adage it's a chance issue or you just give them the fish like we were doing just giving up fishing people becoming lazy slobs who don't have. you know something to drive to

look like refuse to grow you need me need some sort of pressure what this does is that relax it's pressure and it creates lazy human beings that a slug lehmann's me of the movie wall-e. you know where you know that sort of is if the robot ever at the end is sitting on those chairs in the living around watching a screen you know sucking nutrients out of that out of shore says he thought that what it also does creates a nation of dependents like and that's probably the more the more insidious component of it is that you've got people who are sort of you know lazy in that they have no built in many false cissie but that's sort of neither this development and the sort of push up again something to strive for but then you've also got this the pendants which you know reinforces me distance states and reinforces the state it's kind of position as the nanny or the mother or the

father the one who is in charge makes most cities for our houses i think it's the dangerous like at least you know with the you know traditional cancel in effect at least and we all can to get a get the banks on to say you know we can say well there's a blatant rip off here with sort of that's an energy and something to focus at like this sort of dismantle it focuses are actually wants it being worse. they're doing much worse. all right well you know we're going to have to continue this for another segment because your insights are brilliant as usual and your writing is put out or you know or the piece here that's got the internet you know electrified so i'm going to wrap this up or we're going to carry over for another segment thanks for being on this report alex that's. all right and that's going to do it for this edition of the report with me backscatter and stacy herbert want to thank

our guests alex he's the founder of amber at. new gold rush is underway and gonna. quit working as a flocking to the goldfields hoping to strike it rich. as. children are torn between gold. was very poor i thought i was doing my best to get back to see which side will have the strongest appeal. join me every 1st week on the alex salmond sure i'll be speaking to the world of politics. i'm showbusiness i'll see if.

no one has ever cruised around the globe in an inflatable catamaran before. you go. because you have to but it. is such a cruise you need a solid crew people you can share folks whole with so to speak. you do there's almost no one. who wants to have the money you will be the money but most of us keep that you just love him enough mike with the rest get the crew with such a good one when you need for good stuff we've got the money for you don't you know he's. going to ruin your.

hello and welcome across all things considered i'm peter lavelle who is a fascist well given the state of our politics a fascist is your political opponent even mortal enemy tragically and dangerously the term fascist is more times than not a political slur to destroy someone's character fascism is an odious ideology and political practice we all should be careful when referencing. cross talking fascism i'm joined by my guest but i'm goldstein in.