but they can say what they believe, then we will even help our community. we believe that fascism is one of the major threats to the united states as gotten driven. this is a chance to see who and teeth are really are. in order for me to exercise my 1st amendment right and say that my life matter, i have to be onto the teachers and that's how we can trust the police. we can trust the government, we can't trust anyone except or so to protect ourselves in the hi am i kaiser? this is the guys report. well, what we've been reporting on for a few years, money printing leads to inflation. this is now becoming a big problem for central banks around the world. only one central bank on the world is actually taking it on board and proactively dealing with the issue. we'll

get to that mom and stacy. right, well the money printing has been gone for a lot of cross, of course the us across europe, japan, they've all been printing money. japan's the 1st to go money printer go for years and years ago, decades ago. but we're going to get to the central bank of russia is apparently going to be raising, raising yet again in a shocking moment. but 1st, i want to lay out the situation of what's going on and why we have this wealth and income gap. and just the extraordinary moment in which we are, we've cover the extraordinary nature of negative interest rates. we've covered the extraordinary nature of the money printing and negative energy prices. all the crazy things that happen when price signals go astray. well, household corporate equities and mutual fund shares, asset market value levels have expanded by $8.00 trillion dollars. an asset value between q 42019, and q 12021, the fastest and largest valuation expansion in history. so you kind of see that in

the day that we, you see that the feds interventions get sharper and faster and harder. so that's after the 200-2001 dot com crash. it was a slow decline for a few years like 4 or 5 years. and then it hit the bottom and slowly came back to life. here's a 2008 crash you see. and what you see is that there's a kind of like a u shaped bottom. we had a v shaped week of declines back in march of 2020. and now the move, the value ass evaluations have gone parabolic right. that's kind of history of the show as a report. we've been tracking that exact product progress from the money print thing, what it does, and we're at the inflection point now where you can't mask it anymore, like they used to. because remember, financial engineers on wall street, they were able to figure out a way to print money would have it go around the labor market. right?

so wages have been flat in there before this recent derivatives lead financial engineering era that we live in win money supply, increased wages would go up, you say, and that was the price signal, and then you'd have the business cycle. but the bankers thunder starting the bound greenspan figured out how to just ignore labor completely and let wages stagnate and just give the money directly to their friends or wall street and their benefactors. and okay, so they said that there's no inflation. but under cobra, they had to start printing directly and shipping it right from the treasury, as we've reported like a central bank operation anymore. it's direct money printing. and on top of the structural collapse, it's been occurring for a while. and this is al, leading to a hyperinflation. the bankers themselves now admit inflation. they say it's transitory which is a lie. of course, it's structural. it's going to be

a secular inflationary move. only one bank in the world is taking the thought, taking the seriously to bank of russia. right. but let's talk about this moment of asset prices increasing exponentially because we've seen exponential growth. everybody now in the world understands us because of covert right. you see how viruses spread exponentially and look slow at 1st and then it goes parabolic. well, that's kind of what has happened with debt and fia. so we were 50 years in august, it will be 50 years that we have an off world. and we have intervention as increasingly intervention of central banks, especially in the western world. and so what you've seen is a core sort of doubling and quadrupling. and a coupling are coupling down doubling down on all your bad beds and leverage. so it makes sense because you know, the fed steps in the green sample, the yellow and put the bernoulli put all that stuff. they come in a rescue. so it makes sense to that incentivize,

this is doubling down and increasing of leverage. so we're at that parabolic move now, especially if you put it on top of a finite economy. we also have a similar thing with a network effect, the x exponential growth of networks. we saw that with the internet, but i want to turn to this tweet from willie woo, who's talking about bitcoin and what you're seeing with bitcoin penetration, the human genome project launched in 1990 by 998. it was at 2 percent progress, so it took 8 years to get to 2 percent. the project reach completion by 2003. this is the nature of exponential growth. big coin adoption doubles every year. it is currently at 2 percent global penetration slowly, slowly than all at once. and here's that chart right there, you know, think of a lily pads right in upon it takes a while to cover half the pond. and then the next move, they double again,

and they cover the entire bond, right? that's exponential growth. and that's why it's shocking to people that the human mind can really take us on board. so whether it's the human genome project or the internet or bitcoin are debt. now what we're saying about debt is that the debt been increased and been doubling for years. and years and years and now are at a point where the next bail out of the banks and they are going to get bailed out again. they have to double the money supply again, they have been double and want again. so i mean, to have to go from what is it now tantra in or so to 20 or 25 shine in one in one slope, right? so then you get that say, get your hyper inflationary collapse in the dollar collapse. and as a big one has been telling us all along and you know, it's amazing that these ph. d from yell like bamber naggie or nobel prize winning economist like paul crew man at the new york times. don't understand exponential functions. you know, it's incredible that they have they,

they have gainful employment writing about the stuff. and of course it all happens . they'll say they never saw it coming. they'll blame it on something else. paul kroganow blaming on aliens. they're already seeding the alien argument by claiming that there's a lot more you oppose out there. right, of course. but it's also about incentive structures, of course. so the exponential growth is, i think parabolic growth is happening at the end of the lifespan of the boomers, who started in 1971. they were like 801920 years old. that was the beginning of their working life. now where at the very end of it, you see the parabolic move and now what do you say the parabolic move into bitcoin? because big queen is from millennial and generation z. they see the numbers, they see the mathematics there, that the exponential, that is not something they're way too late to the ponzi scheme of the grid to participate, right? so they're just going to go to bitcoin. you see that in, even in places like india, this number, as young indians are turning to crypto instead of gold,

a follow up to that is indians investor, $38800000000.00 and bitcoin and crypto in the last 12 months, a huge 19900 percent increase from 200000000 just one year ago. you know, obviously gold is very ingrained in the population as a store value. now, the younger people there in india are buying bitcoin and adoption big clients. they're asked me a word for something that means day job, a continuous day job. that is like annoyingly because you know that the indian story, the indian population having a 20000 tons of gold, is totally ingrained in their culture, their civilization for thousands of years. the gold is the way to go and for 5 years now, since we 1st invested in unicoi 5 years ago, the 1st big coin exchange in india. we've been saying that the indian mindset is going to shift to big point. and every time we say that people have said, you're absolutely insane. that's never going to happen. and now it's happening. so

it's again like a bad version of daysia bu where i've been, we've been right 100 percent of time, almost without exception on dozens, and dozens of key points as related sovereigns. remember we predicted a sovereign would take on big coin like and they have been l. salvatore. we predicted india would take the big coin. we predicted the hash wars, we predict the geothermal energy in every step of the way, people by been viciously violently trolling us. that's wrong, man, i'm just right every day. i'm right, i'm right, i'm right. i'm right. i'm right again. right. in fact, there was a tweet stream. somebody just read 3 different 2013 where you were. dean baker, who was an economist, was, you know, you were laughing at japan going down the road of more print money printing. and you said, hey, i've got my bitcoin and you know, pick which was like $500.00 and he's like, yeah, good luck with that, keep buying it, buddy. and obviously that's many, many times over that. but again,

you mentioned mindset that mindset that just shifts suddenly and then you can't ever go back, right? so once these young people now have, they're all in big coin, they see bitcoin as digital gold and there's no going back. they're not going to adopt their mom and grandma mom's, you know, the gold standard. so the mindset, and we talked about this all the time about the shifting mindset of the younger generation and the split that's happening. and you see that in the words of elvira natalie, lena, the central bank of russia, what she's saying about why they're planned to basically shock in all the markets with an interest rate increase while fed isn't denial, hawkish, bank of russia sees inflation as not transitory warns of possible shock and awe rate hike, the consumer price inflation of russia is red hot having jumped 6 percent and may compared to a year ago. 2 percentage points above the bank of should target a 4 percent polls and russia show that food inflation is

a top concern currently running at 7.4 percent. but he points out that they're increasing rates while the fed is saying that this pump and all the commodity prices and food inflation, all that stuff is just transitory. so they keep on surprising to the upside. they keep on surprising economists. in fact, wall street says russia has been on the opposite trajectory of the u. s. bad, surprising economists at every step along the way. this trajectory started on march 19 with a 25 basis point hike to 4.5 percent against the expectations of 27 of the 28 economists pulled by reuters, who didn't expect to rate hike on april 23rd. the bank of russia height is policy rate by 50 basis points to 5 percent on june 11th at height, to another 50 basis points to 5.5 percent. the next policy meeting is scheduled for july 23rd, and the central bank of russia has warned that it could, it will expect to increase rates between 25 basis points and 100 basis points. right, well,

she's defending the current thing. she's defending the rebel. that's the job of the central bank to be, you know, to defend your, your national interest using interest rates only in the united states. as the central bank advocated their role of defending the rights of americans in favor of the country craddick, privileges of the oligarchs. oligarchs that run america, full of guards, that run america. right. so the, the other thing is that a lot of economies, russia being one of them, many economies around the world don't like a lot of debt. so the u. s. seems to think that's a solution. i think that, okay, we'll just create another quadrillion and bad debts and that will cause inflation to mask that. inflation the have deflation to massive inflation. well, they seem to like try to balance those out rather than the price of money, right? so deflation is more, more accurately, should be referred to as a soft default. yes. so america's defaulting on their dad again as they didn't.

$971.00, there's a massive default on american debt. they're defaulting on their debt again, when you default on your debt and russia is already completely out of the don't their life. i get my touch in that. anyway, we're going to take a break. when we come back much more coming your way. the me ah ah ah ah ah, i will.

i join me every 1st a on the alex silent show and i'll be speaking to guess in the world, the politic sport business. i'm show business. i'll see you then. me. so what we've got to do is identify the threats that we have. it's crazy foundation, let it be an arms race is often very dramatic. development. only personally, i'm going to resist. i don't see how that strategy will be successful, very political time. time to sit down and talk the me welcome back to the kaiser report,

i max kaiser time now to return to our conversation with mich fire sign, author of planet ponzi. mitch, welcome back. great to be here. ok, greg foss, a former high yield. bond trader turned bitcoin are says that a negative yielding bond is not investment. and yet there is about 1900 trillion dollar, seemingly invested in these bonds. what do you make of this? well, that's creating this because, you know, a lot of these funds have it in their perspective. it's part of the mandate. they have to buy x amount of these bonds. the matter way. it doesn't talk about negative yield. because when the, when the prospectuses were set up for a lot of these, a pension funds, they mandated because they thought it was one of the safest investments that could be in to be in certain types of bonds and fixed income products. and a lot of the fixed income products you're talking about now are negative yielding. but you know, real interest rates are negative yield. when you look at it, you know, i said this 2 years ago, i said,

what if i had anybody that worked for me? the negative yielding bond, they were firing quite frankly. i mean, there's no reason why anybody should buy a negative yielding bond. i mean, you should, if you're, if you, that if you have that sort of issue better, find a better way to put your money to work and putting it into negative yield and bonds because that implies what that implies. there's 0 credit risk. and a lot of these bonds are trading at negative rates. there's more than 0 credit risk . i can tell you. so what's happened is with distortions why the central banks printing hundreds of trillions in, in cash in guarantees equivalence. what they've done is distorted the market to such a point that people no longer know at a price risk, identify risk, and how to quantify risk to the market. pricing mechanism has been broken and nobody, there are no adults in the room to come out and say, look, is not the way that we should move forward if we want. the economy right now we're seeing,

we're seeing that we're in the night bottom of the 9th inning and there's probably 2 out. so i don't think that we have room to run here. i think that we're about to hit brick wall and it's not going to be very pretty. so trust has been eroded across the spectrum. i mean, you know, we had this infrastructure bill that was shared it. they're going to pass them the senate with another trillion or so dollars. you have the president come out 10 minutes later and change change the game plan. so does that increase trust? you know, he denied what he said and said only if you give it a 5000000000 more for something else. so that doesn't help with the trust the government, which is at all times historic low in america. but equities prices are in all time high. real estate valuations including commercial real estate and residential real estate are skyrocketing. you know, it makes houses unaffordable and you know, you got to rent a class coming in now to buy up all the real estate and the cheap money from the federal reserve. so they can keep people and get service. so you know, you've got

a very, very negative feedback loop going on here. these fake interest rates created by money printing. so you've got a lot of fake things going on that need to be resolved in the markets before we can really move forward. right, well, what you're describing there, what they are? passion signs, right? they've got fiduciary responsibility. they've got perspective says they're obligated to buy treasury's father box at the rule. they're not changing the laws purposefully because people in congress are working with the bankers to commit a mass or fraud a loophole. the bail out bankers, bankers are able to sell essentially tainted meat, right? they're selling something they know is, is, is garbage that, that the can't possibly make any money the year selling original issue loss. and it's a bell out, the rolling bail out. and it's, it's extortion is extortion. so you've got banks essentially gone pension funds.

these are people savings, but in the gun or their head thing we guy by you know, we've gotcha, by this john, that's guaranteed to lose money and it's guaranteed to lose money or will blow your brains out. so washington, washington khalid to perpetrate a massive fraud on people savings accounts. the most egregious example of what you're talking about max is we're telling bonds are trading, but you know, you have mario draggy. and this character was at goldman sachs. he was at the bank of italy and he convinced the bank to issue all these bonds. so they did through goldman. then he went from from goldman to bank of italy to the e. c. b. and now he's a prime minister of italy, so they keep getting the same people are like bad pennies to keep appearing so until they can get fresh ideas. and this corruption cycle, we're not going to get out of this loop until it explodes. and then i hope they

don't bring larry summers back to, to dallas out of this. you know, this is what happens. you just get you, you some definition of insanity. when you keep doing the same thing over and over and expect to achieve a different result. we're just getting deeper and deeper in investors keep getting bigger and we're not creating manufacturing. we're not creating organic growth, which is what drives the economy, not financial ization. so we've been on the wrong track for at least 30 years here . and to turn the train around panic around on a dime is not going to happen. it's going to happen with the next crisis. it, we're going to see substantial change. the banks will probably get blamed. and what they'll probably do is try to have some sort of global entity take over everything to really insert globalism in as the global rulers will now take care of everything to solve the problems. because we can't allow those bankers and we can't allow the central banks and created this mess to do it again. then you'll have a bunch of oligarchs running everything which is close to what we're doing. and

you're seeing that now the radical ideologies that are being broadcast, broadcast by a lot of the politicians out there. and you've never argued just like you can't ever take for a ponzi schemes. you can never have an argument with an idea law because you'll never win because even if you show them the video of something happening, they're going to say it's fake or you show them that you are doing close for their to say know equal 6 because that's the way idealogues are, so this is the problem that you have, and i think they're trying to create extreme polarization, which is what they've done. so you've got like also a white woke wash revolution going on. designed to divert attention from 30 years of the failed policies that enables the biggest wealth in the quality, the gap that we've ever seen in history. the great and while in the background, the greatest economic plunder is going on and the bell out for billionaires continue, and they take all that they can out now. and then when it hits the fan,

and then the chips are going to get, you know, anybody back what happens probably end up in civil war or, or even worse, maybe world war, the bankers that are doing all the printing and stealing all this money and sound like they're immune from the, the impact, but i mean a lot of them live out there in the hamptons. and as a corollary, it's all their money printing and thievery. you've got a septic problem, their lives literally drowning in their own feces out there in the sampling and, and the rest of the hamptons in new york because of their own policies. but i guess what they've decided to do is try to market that, right? get calvin klein to mark and fees as some greats and smelling sense and cologne. that's all just get it. and that'll fail. and they'll get another bail out. right. so it's very, they've monetized financial terrorism as the bottom line. and anyone wants to go to that place, then you never lose. and then there's the guarantee of an uprising is 100 percent match. what happened with the airlines? i mean, there's one airline in particular, i won't mention the name,

but i article the ceo paid himself $150000000.00. he's paid 100 percent in equity, which is unheard of. right. so all he did was buy the company's shares. so we took $13000000000.00 and pointed down to above share price, instead of building the balance sheet, strengthening the balance sheet for a rainy day. so what happened when we had the kobe crisis was, oh, that's it. we need to get a bailout. this guy is still there, so they got 20000000000 in bail out to be, hadn't been propagate, spend, or with share buybacks. they would have had money and they wouldn't have needed so much of a taxpayer bail out, which the government said they were never going to do again. and they did. but that guy still was c o that airline. and he's now guy is using is using whoa wash to say oh, now we're diverse. we're going to do this as a side show, which is this is what people should realize is identity politics. and this woke

movement is all a sideshow. different divert attention away from the economic plunder that's going on. and that's the deeper part of this, and that component the people need to realize, wait a 2nd. we've got to connect the dots here and look at what's really going on behind the scenes. an oligarchy is looking to rule and insert global as i like this phrase was wash. so that's my answer to my question. i've been asking now, how do they get away with it? because nobody in washington and the banking industry or the media, wants to call them out on this obvious fraud. and i guess the answer is a walk wash they, they've come camp to needed a narrative about, even though they're stealing everything in causing the rest of the world to flush america down the toilet. everyone's going to be woke while it happens. so that's okay. is that when i'm hearing much, when you circle bully ruby, well, when you go down but it's going to be diverse, you're going to be flushed in a diverse way. right?

so that's pretty much what's going on in my view. so i think that what we need now is we need to have real enforcement of the exist regulations that we have on the books. and we need not one rule for one party, one rule for another party. we equal justice can equal application of justice to everybody. we can't have is partisan bickering. and we can't have judge's ruling from the bench or existing laws and statutes that exist in the us constitution. in contrary, people say the constitution is fixed in america, and those laws are what they are. there is no way to change them from the bench. this must be legislative. there are ways to do it in the way that there's an end around now for everything is just crazy. it's alienating people as part of this work wash diversion. let's talk about some of the specifics area. you know, you do have a lot of supply shortages developing, and this is they can hi, this the, you know,

they can hide the fact that semiconductors and other key components in the supply chains are breaking down and walk washing. i don't think that's going to work if somebody suddenly can't get a part to fix their car or the to fix their air conditioning, the parts are unavailable and they're freezing or an overheating. and as a huge heat wave down the in the northwest in the northeast is walk wash going to convince the people that it's ok if they freeze the bath or burn alive. no, it's not. absolutely not, but you learn what they're doing is the, the supply chain has been, has been irreparably damaged by coded in certain aspects. but this was happening before cove. it, we had applied change issue when everything was out source for cheaper labor and other countries and were being held hostage. there are certain industry, there are a matter of national security where the products should be produced in the united states or in the sovereign country, like britain, wherever,

wherever the country needs things that are critical to the security of that nation . like all of the inter go common, they go into antibiotics, are produced in china. you know, in china during the pete of the coded crisis, threatened to withhold certain chemicals that go into antibiotics that are really necessary. now that nobody in the world or no country should be able to be held hostage like that, but the supply chain and the supply chains broke down during the kobe crisis. so, you know, even if all the truck drivers one day said we're not going to deliver any more, think about the damage to that. does the supply change? the cost of delivering things. when oil goes up 75 percent, and as in the past 7 or 8 months, triples yeah. scare me now i'm, i can't take it. we got to cut it off there. mann tomorrow night. thanks for bringing cars report. they are right now going to do it for this additional cars report with me max kaiser and stacy herbert, one of the think,

i guess my firestone author of planet palsy, until i find via the me ah, today, industry 1st 1000000 euros in avi today, regulations will be all about making money. it's about a big corporation. international markets, import export. do you imagine the number of the diseases that are in every family today know due to new viruses or new microbes? not true. so it is due to environment. they're not gonna take either the momentum, much hello yes, accumulate. going to come in today. mostly they don't allow us to plug

the food industry. it will create more jobs. it will create more value added. it will create more. so i don't see why we shouldn't also fight for the interest that we have regulation. we want the regulation as the industry and if we don't have any penalty, that's fine. ah ah ah ah, i use

the police officers shot dead in sweden becomes the 1st to be murdered in the country since 2007. i made a surge of violence of your position. i was planning on migrate it out 1st again, so cold won't culture president chrome? no less. was that progressive? american i did racialize in front because he put it, we get some insight on that from our panel. a guess. essentially a trying to use an american blueprint for french who thank you, which is really very different from america. i think step backwards than they and they start to break the society of parts and being vaccinated doesn't always mean unrestricted travel. european medicines agency that get into a proven indian version of an astrazeneca job. but many in britain literacy ah.