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the hi, i'm at kaiser this is because report, hey, i will kick off summer solutions every summer. we talk about the solutions and instead of dwelling on the problems, you know, we've got answers, we've got solutions. stacey max, well, i'll show you a problem and why bitcoin fixes this, why bitcoin was the solution. it is the ultimate solution that fixes many things as you and i have discussed for the past 10 years. but it's becoming more and more obvious why. well, you know, kim car dash and she's an advisor to many politicians and presidents and sort of that sort of thing with her various quips on social media and meetings with presidents as well. she had said something which i realize that maybe central banks may have been paying attention to. and why are problems persist?

she had said, if you can fix the problem with money, it's not really a problem tense. they keep throwing money at our problems and they don't disappear because that was never good advice, right? you just can't throw money at a problem and make it disappear. so i right, the printing will continue until morale improves the, you know, this is the fax style. thinking of an in the celebrity, concatenated out of the imagination of a network executive who got really bored one day and decided that they didn't want to pay for talent. they were going to print money and create a fee at celebrity and then pump that up with more. not only money, but other things. pump it up. you've got to pump it up, right? kim and the bigger the pump, the bigger the celebrity, and the more money printing that's happened. and the result is what we call the k recovery, k shaped recovery. massive billionaires versus entrenched on class and poverty in

america. thanks kim. she did, of course, pump up her. i'm hoping people caught the double on sounds or they're the pump pump it up. he's got to pump it up. you know, some guys like them, some guys like that. we're going to get to the hampton in the 2nd half, and that's the sort of thing you see in the hamptons as well. but you know, when summer solutions started a few years ago, one thing that was often talked about by the likes of micro hudson and steve keen was a debt jubilee. and of course a debt jubilee. wiping out the debts of the debtors, basically annihilates like it or hurts the creditors. i, the wall street bangs, the private equity that hedge funds, all the elite that never happened. so what we're seeing today, instead of the result they've made their choice. joe biden is there to deliver the choice. you know, he's always been a spokesperson, essentially, for, you know, a politician for the credit card industry, which is the pinnacle in terms of can tell an effect that we've talked about that

the elite get 0 percent money, or one percent money. the smocks and the deplorable get 20 percent money on their credit cards, right? credit on their credit cards. so, i mean, everybody is now talking even central bankers are talking about inflation, perhaps hyperinflation coming. so in a way i'm considering this, what we see in a crypto currency markets, i money that's not as good as bitcoin. what you see is a thing called a rug pole. so this hyperinflation is a rug pole. they're like, destroy, they're basically pumping this up. they have the assets which are real assets, heart assets like property, land, mood, deeply anisa to up and talk about gold bitcoin. they the wealthy and the lease have these things, and that is going to go up in value while they're pulling the rug under the us dollar. and we've seen that, as we've mentioned with the i m f talking about a new britain was coming, and w e f, talking about a great reset. so i'll tell you what a rug pole is just in case you don't know

a rogue pole is a malicious maneuver and the crypto currency industry, where crypto developers abandon a project and run away with investors funds abandon the project right exits down. you know, the, the biggest negative scam is ether and then there is the other one cardon, now, these are exit scans and or rug poles and x r, p l a walk did a rug full with dose recently. he, when i found that live and pump the price like him, carnations, ashy and, and then did iraq, paul. so it's the cheap, cheap mans version of a ponzi scheme. i mean, bernie man made off manage to keep a legitimate ponzi scheme going for many years. these a long walk style, rog polls are cheap imitations. well, those are crypt occurrences. what i want to really focus on is that, you know, the entire crypto market, including bitcoin, was like $2300000000.00, the entire us dollar market in terms of all the derivatives, all the credit,

all the debt, all the cash is quadrillion. so here they're doing a rug pole, they're abandoning the project called the us dollar as a reserve currency as the grid of the global internet of the global economy. so you're seeing that you're seeing them, that's why you're seeing them talking about the great reset. that's why you see them talking about a new bretton woods. that's why you see them printing like this. that's why you see joe biden putting forth a 6 trillion dollar budget. this is a rug poll there, rug pulling the rug bit quick fixes this. this is what we've been saying for 10 years, right? right. the us dollar is the ultimate rug. paul, like anytime you move off the gold standard, you're talking about a policy game by definition, because you've got to keep printing to keep the base of the policy going. and to pay off the early investors with printing more money. and that's the ultimate policy scheme of the us dollar on the ultimate rog, paul, or trap door or exit scam is the us dollar. and

a lot of people know it and they're positioning themselves ahead of it. bitcoin does fix this because it brings back the equivalent of a gold standard, but it's much better than a gold standard. and the results will be quite dramatic and this is all building up toward maybe july 4th. we'll see some epic kind of collapse in a dollar, which would be very kind of a big pageant. wouldn't it be great, be the fireworks american flag and a us dollar rug pole must could be fantastic. rug pulled on the 4th of july. yes, that could be happening in the what, you know, i think bitcoin forced their hand to do the exit scam. now, on the 50th birthday of the us dollar as an all fee our reserve standard, we're going to hearken back. we're going to look back at the quote from frederick. hi eric. now frederick. hi. it was around during the last transition from an empire . you know, the last they said these trap we saw and the last collapse of

a reserve currency, which is the british pound at the time and wrote the road to serfdom. but he said something interesting back in 1984. 2 and this is a quote from read it thread of bitcoin. i don't believe we shall ever have a good money again before we take the thing out of the hands of government. that is, we can't take it violently out of the hands of government. all we can do is by thumb fly round about way, introduce something that they can't stop. so i'm going to then from there high in 1984 turned to what jason foreman recently was quoted as saying now jason firm was an economic advisor to barrack obama. and at that time, of course, max and stacy were also 1st starting here on kaiser report in 2009 during the financial crisis. and they missed the opportunity, as we said, to kill bitcoin at that time. jason fermon, i wish we had smothered this meaning bitcoin a decade ago before it grew into

a 2 trillion dollar monster. digital currencies are all cons and no pros, environment, crime, taking advantage of unaware investors if they had any use at all. we could debate it, but they don't have any use at all. right, right. so the high cost, very famous quote and bitcoin does satisfy what he talks about in that quote. and that the only way you could separate the state for money is through some fly kind of mirage or something when i noticed, and that's exactly what happened with beck lines. and now we've got a separation of state of money. the 2nd call refers to the fact that at the 1st few months, the big coins, burt, there would have been a, a moment of time maybe where the state could have done something to stop it. but it was never bid. and now it's hid, escape velocity, and now every central bank of the world is going to go under every nation state will have to be reorganized around the fact that people now have their own. well,

that's uncommon, scalable, it's immutable, you can censor it even, you know, going back to when we recovering this in the early days in 2009, there was talk about allowing wiki leaks to accept big coin. but to toshi, the famous originator wrote in his notes that he thought it would draw too much attention to bitcoin. so they did not overtly of allow for wiki lakes to go into big point, even though they were being censored by credit card companies and pay pal at that time. well, he says as well that because has no use at all, whereas it provides the use case of a store value, unconscious cannibal store value on sensor a bowl door, a value for billions of people around the world. and on top of that, it provides incentives. it is more capitalist in terms of allocate and capital. you

don't want to, you don't want to just allocate your precious bitcoin on dumb stuff and dumb investments like we've seen as the money printing continues, because morale does not improve enough. in fact, what we've seen is an increase in mortality rates outside even the pandemic, what we've seen as an opioid overdose. as the preliminary numbers for last year, as they, they were close 290000 opioid overdose, is in the u. s. versus like 70000. the year before, so there are big increases in depth of despair under what he thinks is the better system of printing money, which is causing the wealth and income gap. what pick i provides for everybody on earth. for the 1st time, true private property. it gives property rights private property rights individuals in a way that's never, ever, ever, ever, ever been available before up until big coin it was agreed between the state and

the people that certain rights would be a bait. and in every single case, going back of 2000 years, every single state has violated those rights and stolen people's property. and america is no different today. they're overtly stealing americans property by the hundreds of billions and trillions and it's very fat. but big coin allows mentally, americans and europeans, but africans and asians, and south americans. my people in mexico, mexico city right on the la mexico property rights for the 1st time ever therefore obviating the need for the state and obviously killing the need for any central bank. right? if you can fix the problem with money, it's not really a problem. you could fix these problems with big coin money, but the fact is that the us dollar is not, no few out currency is money. let me correct your quote. it quote, generate, if you can fix it with money, it's not really a problem. the quote to be accurate rate if you can fix it with money,

it's not really money. exactly, exactly, exactly. so the incentive structures, the, the, the look at what we're witnessing now as they're printing more and more money. we're seeing these just not only prices gapping up, but shortages exploding all over and here's from baron's 10 ways. the cash in on the shortage of just about everything. america's chicken sandwich war has to combat and scrambling for supplies. breath prices have doubled this year for chick fil a has run low on floss, burger king has had pickle problems jars, not cucumbers are hard to come by and isolate a supply squeeze anyone who's building or remodeling a home or buying or renting a car. stocking up on pool, florine or dog food knows better in the land of plenty. there suddenly seems to be an everything shortage. right. the breath applies. right. shortage is not also a reference to kim car. all right, we're going to take a break and when we come back more,

the me ah, what we've got to do is identify the threats that we have. it's crazy for an taishan, let it be an arms race is often very dramatic. developments only personally, i'm going to resist. i don't see how that strategy will be successful, a very critical time. time to sit down and talk to me an entire village in alaska has had to move. if another country threaten to wipe out an american, we do everything in our power to protect me today escaping climate change poses the same threat right now. alaska has seen some of the fastest coastal erosion in the

world. we lost about 35 feet 35 feet of ground in just about 3 months while we were measuring it is fat. and that means the river is 35 pounds, then learning was yours or i think we're part of america. there's from or america for worse. you the me? yeah, well, we're back. this is because a report, some are solutions. my name is max kaiser. i'm here with stacy herbert. right, so we were talking about shortages and the 1st half. i want to talk about over supply in the 2nd half and how money i the confusion of fee money with

money and how it costs an oversupply. well it caused an over supply of. 5 the elite over production of the elite. we've covered this before, that the concept made popular by peter church. and i believe he's at wesleyan and connecticut university. so as we've been printing all this money, remember the printing of the money is in order to fix the problem of the pandemic lockdown and the wealth gap. remember, that's what they say. that's why they're printed all that money, the trillions of dollars, and they expanded on the feds balance sheet. but also the government debt, you know, the treasury print to the whole bunch of bonds to send to people. well, billionaire wealth, reaching 20 percent of gdp risk of overheating, says gabriel's bookman, and his research, this is just looking at the u. s. other, all countries are similarly bad, but in the u. s. as the center of the empire,

right, well, the top 400 wealthiest americans is now close to 20 percent of g d. p. it started at the pandemic at 15 percent. so as you see, it's gapping up. it's considered. b kind of a racist to say, or you know, evil to say that you, there was a good time in america that a few decades ago things might have been better. obviously things were worse and in many ways for women, for black markins. but if you look at what they were aiming for, what they're really talking about when people are talking about when america was great, look at this back in 1980. when we were teenagers, i'm entering the workforce. the top $400.00 families owned, less than 3 percent of us to pay. so that's what people are talking about. you can call it anything else, like, you know that your sexist, if you,

if you are against 20 percent of the g, d p, that the top 400 families have. or you can say, well, you know, this is an economic structure that is ruining the country and the world like the financial system is ruining the world. right? well that number of 20 percent of america cdp now is billionaires is going to go to 100 percent because that's called feudalism. and this is near feudalism. and we've been saying this for at least 5 years. that the money printing, because it doesn't go through the economy, it goes right into the pockets of the billionaires. remember, you can clearly see that through the money velocity number, which keeps going down to 0 because the money doesn't get circulated exist, goes into the pockets of the neil feudal class. and so it's going to go to 100 percent because it's politically everyone's been disenfranchised. you know, they're the political machinations, the, the politics of representational government have been dismantled, they've been destroyed by design by the billionaires. right.

so the reason my big point is that tends a $1000.00 a coin is because it's showing that the us dollar another fee or money are already in hyper inflationary collapse against big coin the only way anyone is going to survive the near utilization of this economy. in america around the world is through on confiscated will bitcoin? yes, there will be an incredibly difficult time dead ahead because we're entering into the 4th turning meets kind of like the jim jones massacre. if you remember that from the eighty's and going back to the gym, jo, look that up kids the jim jones massacre where we come up with the expression. oh, i'm drinking the koolaid. new little research hour that comes from. so you've got jim jones maced, the 4th turning meets, jamie diamond, meets goldman sachs. he put out altogether, give it a shake, and that's what they're asking us to drink. well, combine all of those into the hamptons,

because i'm going to predict that that will be the hot spot of this problem, of the over production of the elite. because what peter church and argues, and what we've covered here on the case report is that when there are too many elite and the, you know, the pie is fixed in terms of how much a graft that you can take from the taxpayer and bailouts and free money from the taxpayer, they start going at each other. and one of the classic examples of that is steve bannon, who is an elite, who went to elite universities, was a multi multi millionaire. and he turns against a lead. so you'll have more of that. you had that in the french revolution period when the leads are starting to turn on each other. so here is the conflict in the hamptons building up, and we've been following it because maxima go out to montauk, which is past the hamptons, it's considered more like real the fishermen, so they are working all year long and stuff like that. but they're running out of

room in the hampton, and those leads of the hampton south hampton sag harbor, east hampton, m. against that, they're pushing out into montague surf lodge, preparing to turn people away. as hampton's summer wraps up, after a pandemic slowed down the hampton or heating up again for this summer, was sold out. hotels packed rentals, endless helicopters and sky high prices, and just about everything hotspot, surf, lodge. montauk is so worried about the crowds. they're asking people to please stay away. this is again fatalism. everybody had to build their own castle higher their own army. if you're going to be from the police, of course, the liberal dates are all about the finding the police to satisfy their oligarchic masters at comcast. they're gonna have to hire their own police force. and so they'll go to war with each other on east hampton beach or something like that. they'll be like, the baldwin's militia will be scoring off against the pearlman's militia. and you know, some other may be carl icons, militia and,

and steven spielberg militia will meet on hampton beach and noah and al reengage and do battle with each other with slang shots, arrows and copyright law, saying, i own the rights to this battle. no, i own the rights of this battle. i just sold h b o. i'm making many theories. i'm the star. so be like, disney meets patton. right? so as can be walked, disney maids colleague, isla, in the happens best summer coming soon to h b l. right, well that sounds like a good series, of course there was a series called the and which is based out in montauk. so as you see there all i've working class out there, they were as and now you're seeing conflict. if you go on the facebook page of the montague page is there, like these hamptons do better, stay out. but there, you know, there's just too many elite and the exclusive entry into the exclusive schools. you

saw that with the whole, you know, parents, bribing officials to get into schools thing. now you're seeing it with these elite venues like the surf lodge where the likes to just be burned. stuff hang out when they're there in town. it's just at the edge of mon talk and hampton, so it's like acceptable to have some of them in there, but they're pushing in. so you're seeing conflict. you know, it may me also think of course we have a lead over production and saudi arabia, right? there's like 7000 princes and declining oil supply, so you have more and more princes to feed and palaces, to build and jets, to give them. and what happens, what did we see in the last few years when prince, all while lead, was hung by his feet and the ritz, of course, and the red in, in riyadh. yeah, it's coming to the crab shack in the hamptons this week, and billing ourselves suspended by their ankles and being whipped by their agents in an attempt to get even more work. in this new h be a series called gala. me,

walt disney's version of the sound of music as told by those who have been weaned on fresh milk from the use that they keep on the farm. we couldn't see that if they tried to venture out as far as gurneys or like guardsmen. montague, if you get out to governments like yours, you're in real danger. a pied piper who arrives what the fee of money pied piper pipe, and then all the billionaires march into the sea and drown. you know, that would be, i think the story i'm going to write is, showtime presents the pied piper of the hampton's watch. 30000000000000 errors march into the sea and drown day is say, well, it's certainly going to be high. i believe out in the hamptons, as the conflicts emerge between the, that all the entitled to very entitled parents who feel like they deserve, you know, all the money that was printed and given to them that they deserve something

exclusive with that. but what they're noticing is that more and more people were actually given money by the fed, and that they're having to compete now for space and live like a deplorable. so you know that if everyone's billing or the nobody's ability. exactly, that's from saying is this is it's getting to that point where they're starting to realize that hey, i remember when having, you know, 20000000000 dollars was like made me, ron perlman, king of the hampton's. now it's like every schmuck in town, like starz, starz of only fans, buying holy fans star have you there. they're buying multi $1000000.00 flats. hampton's for shaking their booty on only fans. right. so how do you, for the academy award winning actor, who's got his fingers in kim car dash in the span backs, can it by, by this, in just yes, well we have a whole bunch of more boon dogs coming up to possibly make you even more exclusive to be able to offer like a 100000000000 for, for the apartment,

the house on the beach that the only fan stars are competing with. you know, so we have the 6 trillion dollar budget that buy it and has it, has planned. there is no, there is no plan to abolish the death of the student debt. remember he could use that to get into office about the rug ball. that's a wrong paul bought and king of the rug balls, debt forgiveness, rog pull, you know, universal health care. rog pool, there's jimmy door on his show. every chronicling, jo, biden's, rugged pole, and then the young turks are of they're like, oh my don't know what a daughter was there. all we're still feeling is run. all right, of course. but it can be, ron pawleys, got markins on his eyebrows, but so in the last minute and a half here, we're going to say like we're heading into the summer solutions. we're going to do a few episodes coming up. and then we'll take a break return to normal programming and then we're going to do some more summer solutions as the summer goes on. but obviously big when fixes this and fix that all

the problems because you fix the money, fix all that economic and monetary problems. you fix the billionaire thing like the, the problems of the billionaires, max's movie sees them all, run it, go into the see, but i think that coin is a, is a more peaceful way to just like that's, that's the end of the 1st act is just like big coin fix is that, and that's over f like that would be the 1st feature films i want to act, but we have, you know, we have james howard culture coming up. we have marshall our back, and we have tyson slocum, and the interesting thing is that they were all in our series called front running . and the front running series was looking at what the democratic candidates for president were proposing at that time. and they all seem really radical, really crazy ideas like m m t u b i debt forgiveness and all that sort of stuff. hyperinflation wasn't one of the solutions that was on offer, but that seems to be the solution that joe biden is, has introduced. and we think it's a bad solution because it's

a better solution. he seems to heart and have a like deep longing for the 70 is. that's where he started his career and maybe that's where he went. pump it up, a popping up, jo, pump beta, a. what that's going to do for this special summer solutions entree with the main course max kaiser and the desert safety harbor. if you enjoyed this feast states in the other episodes coming your way and paul van by all the, the, me, ah, ah, ah, the ah, ah,

quoted mechanics work so well. people don't like to use the word inconsistency. they like to say, oh it's, it's amazing. and comprehensible, it's mysterious when i say it can't be quite right. and this is what direct says, this is what i was reading who's segregated all along my social class. last class, people also covered by 1st. if you're born in to a 4 family,

you're born into minority family. if you're born into a family that only has a single parent that really constrains your lives, chances people die on average. 15 years old, born a generational poverty. this is a fight every day to meet your needs and the needs of your family. me the ah, ah hello and welcome to cross talk. we're all things considered. i'm peter lavelle. jo buying policy. honeymoon may be over, but this does not apply to the love as the media house for the president and his administration. amazingly, we are told.