ah ah, you as president joe biden admit, that's about stronger than it's been in 20 years, but in that doesn't mean i've got to stall and will fall for the month and that as he claims america's mission in the country has been accomplished and it's time to leave the paris is refusing to reveal to l g area that location of radioactive waste dumps 6 decades on from colonial throng and nothing in the country. folk news host tucker carlson claims the place. fired on his communications. i leaped private emails to journalists, alleging that it's all because you've tried to secure an interview with the russian president close to getting away in just a few moments time for years in the u. k. is because report side, you know,

we'll see that our funds to get you right up to speed on the morning level. these headlines join us again that the hi max kaiser. this is the cause report special summer solutions where we look at the solutions. i'm here with stacy herbert and we've got a special guest stacy right out there, mcloud of gold money dot com. he writes amazing pieces over there and lots of blog posts, research and all sorts of stuff. i recommend you check it out, your latest pieces out there are called too much liquidity and inflation assets and consumer prices. so this is definitely the biggest theme of 2021, and that is inflation. even the u. s. federal reserve is admitting. now that there is quite a bit of inflation, the numbers are over 5 percent of the official numbers that they report to the u. s

. and however, 1st of all, is this inflation transitory as they say? or do you think this is going to be a bit more permanent? as the, the head of the central bank of russia has recently just said, i'm afraid it's a bit more permanent johnson concentrate. the problem basically is that you can see going back to march last year, how commodity prices just took off. and they took off at exactly the moment that the fed decided to do q a $120000000000.00 a month. and not only us, but as we come out of lockdown, we find 2 things. firstly, there's a complete logistical foul up. nothing is getting delivered. we went into it with dustin time, inventory management, which means it was nothing on the shelves. and on top of that, we find disclosure that people having stopped working,

they want to go back to work. so you can say that there is not the product available to match all that money been handed to the consumers. and the consequences, quite simple. prices rise and not only do they rise, but they will continue rising until that situation is sorted out at the minimum. but of course the monetary inflation continues. so will it ever get sorted out? i'm afraid that it's actually a very serious situation, and it'll only be a matter, i think of a month or 2, or perhaps even a few weeks before the currency markets begin to reflect the fact that interest rates. we've got a rise in order to protect currencies against the basement that we have seen so far. so i think as far as the fed is concerned, i think they were trying very hard not to precipitate a situation which is already there. but i'm afraid it is, there it is not transient,

it is permanent. i'm just going to prove to be screaming expensive for the consumer . so you're talking about $120000000000.00 money parenting per month, or q a per month. so my question is this, you know, we, we came to an era of programs, various programs, whether it's q, e, one, q, e, to the tarp bail out after the 2008 crisis. but it seems like we fundamentally entered into new era where they're not even trying to create these programs or just saying if there's an automatic line item every month, 120000000000 printed. and so we ventured into a new era where there is apt actually, this is an outstanding feature of policy. now it's no longer a program, it's no longer responding to anything. but it's the re interpretation of the economy from the very much from the most fundamental level. mouser, police, don't, you don't, in the wake of the layman crisis as extraordinary measures. and unfortunately, instead of the children emissions going away,

they have continued and not any have they continued, but they've become yet more extraordinary. i mean, there's no solution. the problem it's, there was a phrase a little while ago about picking the can down the road. i mean, it looks to me, we're running out a road to kick that can done really, i'm afraid that the central banks gotten selves into one enormous mess on this. and it's very, very difficult to see how they can get out of it. and i know that i've mentioned before that really their objective has been to try and keep the show on the road kicked back, can down down the road as it were by puffing out baset values by ensuring that the yields on us treasury bonds don't rise suppressed that we all get a wealth effect from rising stock prices to which they've been our cryptic currencies. i mean, this does this so, so we've got a cheap fueling, the bubble keep pumping the bubble and that's really what they've been doing. but

of course, that comes a point where you can no longer do that, and this is the importance of the inflation message that we're getting because they, well me, the interest rates got arise. what happens to that bubble? the acid bubble collapses. it's as simple as that. now, as soon as that begins to happen, we then look and see what is the fence response going to be? well, the answer is quite simple. they're going to have to up q a from a $120.00 a month to say $200.00 a month. maybe 250000000000 a month in order to keep the acid bubble inflated. so, i mean, can we maximise this is yet more extraordinary measures. it is absolutely crazy and there is actually no way out of it. they basically run out of road the fed, what they do with this whole fed speakers. it's about managing perception, trying to stoke animal spirits. but this mind shift in the population,

as he mentioned, nobody wants to work. they all got a little bit of taste of what it feels like to be a console in there. right? the fed gives you free money here. that is, the treasury is giving them free money and it feels life like who doesn't want to spend time with their family lounge around at home, watch daytime television get manicures and pedicures all day. like, well, who i don't want to live like that, but the point is that supply chain, like who's going to is china going to continue to send us stuff for this money? when like, it becomes more obvious that the fraud, the underlying fraud of this system is like here, that the people printing the money. none of them are having to work like whose, where's the wealth coming from to back this? well, it's the wealth comes by being transferred from a very people who it's meant to benefit. i mean, it's crazy if you, if you dilute the purchasing power currency, then obviously you're using everybody's salary savings and everything else. now,

they're all compensating factors. if you use the dilution to puff up the asset values of one stocks, then people who got stocks of got a benefit, but the people who haven't, don't benefit of anything, they end up paying for it. and it really does disadvantage the position of everybody in society who is the lowest level. it is, it is the reverse of what socialism meant to do. it is it is financially crippling for actually everybody. i mean, the prices that are rising at the moment, very obviously are of a central, i mean, you're looking at energy for example, you're looking at the food commodities, you know, like, you know, live hogs and quinn know are, and all the rest of it. these all the basic things that people need and not having to pay through the nose in order. so guess it. and the reason of this is the case is not because, so there is so much as a specific problem with quinoa,

always live home, whatever it is, it is because the purchasing power of the currency is going done. and the thing that's fascinating is that the keynesian crowds, who basically all the establishment does seem to squatted this, i mean, they just feel like when they talk about things like copper prices rising, is always specific to copper. they never realize that it's purchasing power of currency that's going down because it's a common factor amongst all the commodity over list of commodities. so this is, this is not good. it really is. and the only way the progress is, well it 2 ways. the progress is either the fed does something for which it has no mandate whatsoever. it stands back and says, though we're going down the wrong path, we got to stop this. we're going to stop money printing and everybody's just going to make their own arrangements. now i really cannot see that 1st of all, they've got the guts to do that. and secondly,

that they've got the mandate to do that. and probably the mandate is the most important thing. the other alternative is to just continue accelerating printing and just hope. but you know, the problem, the problem with this printing, it's not so much rerun if you'd like the presentations that we saw off of the 1st world war in europe. it's more of this john lowell situation, where they have specifically used the fed currency to increase its quantity in order to go into the market and buy stocks, buy bombs, and puff up our prices. and we know what happened with john laws, mississippi. bubbled it best and this is despite the fact that he was control of the currency in france. he was able to print as many lever as he liked, and still the bubble pot. i long for if dust, to my mind is the precedent for what we're saying. now, let's talk about something else slightly. and that would be not only

a failure of policy, but guess you could call it a failure of, of intellectual in that the model itself because you talk about there being too much liquidity. so the sand and the treasury are saying that more money printing would lead to more supply, but there's been no expansion of production. and without that, there is no supply. because all the money print thing is causing the mis allocation . the capital, the supply chain is breaking down. and so the, the point here is that they, this is part of their, their model, their belief system. not, not only are they printing too much money and is causing problems. but they also suffer from acute mental dishonesty, intellectual dishonesty. why can't they just say that they're failing? why? why can't they see that? and why don't they correct their course? is it, is it faith? is it faith that's driving us off the cliff?

or is it just rank suicide mission? i think it well. the lemming, the lemming in instinct. i think it's it's, it's intensely human. i mean when, when you are embark on a policy for which you have committed entirely, you follow that to the base rent. even though there is conflicting evidence, suggesting that you should have stopped pursuing this policy. i mean, i've done this myself in the past in life. we've all done it to an extent when it's so much easier to observe it in others. and you've got this sort of thing, i mean all these guys on the f o m c. and we've got the equivalent in the u. k here, which monetary policy committee, they're all reinforcing their own beliefs every time they make, they tell us same story to themselves. almost as it is to reassure themselves that they are right and everybody else is wrong. and so i think the answer to what you're saying, max is it isn't intensely human situation. and unfortunately,

i just don't see how they're going to change from this. i think it's a great bit because they're just destroy. i'm just imagine if you suddenly got no dollars. if you have no dollars, i'm no dollars in the sense that the money doesn't buy anything. then you don't have any pounds. you don't have any yours because everything depends on the dollar . the dollar goes, it all goes, this is going to be if it happens and assuming that they don't take action to stop it, this is actually a disastrous scenario. we're talking about alright, we're going to take a break and only come back much more 1000 mccloud of gold money dot com. don't go away the, ah, oh, i i a last me and appears to be near washington's 20 year. have her to nation bill and

half dennison was always going to end this way, a complete and total failure. it is doubtful. the corrupt government in kabul will last long after the american withdrawal of dennis and remains broken and the american people, pork and no one is held to account. she was simply a little slow, letting little girls come by susan. well, a little to go and see me when you have a week when you have a meeting in the room, initial pathetic female girl, i'm the one that we're going for the house was going to look at me and i'll talk to you soon. the she was just looking here, when you mentioned that kim illusion actually

thinking what's going on on the, on the financial young hoody illusion. but you lose it and you could shoot it to the lower. ah the me welcome back to the report. i nice guys are time to return to the sphere of london, the great knowledge base i called money dot com, allister mccloud. welcome back to the part to all right, so after let me ask you this. so what we're describing here, it seems like it's an institutional blindness. as you pointed out, there's a lemmings or jumping off the left. but we have some dissenters. so el salvador, a small country in latin america, has decided to adopt bitcoin as legal,

tender. and the president openly says that money print things are fraud. well, the 3rd richest man in mexico has come out and said money printing is a fraud. the dollars a fraud, they're also leaning toward bitcoin. and let's talk about russia. they divested completely out of us dollars. and you know, they're making moves now to suggest that they are concerned about then other words they've opted out of the system. are these in good looking ahead into the future? will these 2 countries be remembered as the smart ones? well, time time will tell, but the one thing that is absolutely care. and for this, we must note what bitcoin has done is it's a lesson to people who otherwise would not be alerted to. what the central banks are doing nowhere bitcoin or, you know,

another cryptic currency is an escape from this early time motel. and it's up to people to select the money rather than, let's say you were i or politicians in no salvador and so on. but the one thing that is absolutely clear to me is that people this time runs a learning far earlier in the d basement process. that cur receipts all being debased. and i think the consequence of this is that once the purchasing power of fair currents is rarely begins to decline, i think it will be a far more rapid process. as a result of this understanding, we're talking about the summer solutions to this. so i want to ask you is just the natural cycle of life going to be the solution i. we have a generational shift that ponzi scheme, that the life of us say that all the out us dollar world is that started in 1971. it turns 50 in august that the boomers in america are retiring. they've got these

huge they, they own all the portfolios you were talking about, the stock market. the property markets are up 25 percent. they own the vast majority of these paper assets that have gone up tremendously. the new generation of z and miles, they have nothing from that. so the revolution is that they're just going to opt out of that from with bitcoin, with gold, with just a different lifestyle like that. and their vote, of course, because as the boomers die off they, they have less and less impact on the, you know, politicians and how they allocate all this free money. so is it just, it is that natural change in generation? is that going to end this ponzi scheme want them for all that could have something to do with it, but i think it's, it's a lot more to do with the fact that i think we look at what happens to

manage the inflation, perhaps in 2 phases. we since $971.00, when we came off the last remnants of gold standards, they dollar has last certainly measured in gold bursting power over 98 percent. now, i don't think many people are aware of that loss of purchasing power. it has been a gradual thing and we have sort of managed to compensate for it by buying property carrying out property with mortgages by buying stops, and so on and so forth. so we've managed through the assets to create an offsetting welf effect. though that is fine, so long as a loss of purchasing fair currency is a gradual and continual unvarying phenomenon. but when you get a situation where suddenly the purchasing power of the currency starts declining more

rapidly, i think we enter a different phase. and this is what i'm detecting. no, i mean i can see that the amount of money that's being printed in the name of creating or financing the government's budget deficit is ready taking monetary inflation into a new level. and this is likely to undermine confidence in his purchasing power. partly because of what we were just discussing now about the realization that modern generation exactly what the central banks are doing. and when this really happens, i think the way then in a different phase, because you will see the asset values which protect joe in the past. start losing value, and they start losing value because it's a completely different set of dynamics. i mean, for example, when you look a property in a hyperinflation property moves from being

a protector of for the individual against monetary inflation to being a liability. i mean, when your rentals come up with the basement of the currency, and when the cost to maintaining property is greater than you can possibly afford because it is rising so rapidly, then suddenly your property is a liability is no longer an acid. now, there is obviously a value in having a roof of your own head. i mean there is a, the rich utility in your life. but suddenly you see that this, this, the, this huge, great shift. so if we refer back to what happened in germany, back in 1923. what pushed up property prices in local currencies was foreign interest. you had foreigners who had dollars, which were convertible into go. and you could buy a very large house in a lovely sub over berlin for $100.00,

which was slightly less than 5 onto the gold. and that was the sort of price that you're paying in the beginning of $923.00. and also there was dollars coming in the whole time because you had to speed economy. you had the economy which were ready from export, which and dollars coming in. you had the capital inflows from foreigners taking advantage of the if you like, the poverty of the middle classes. and they were able to buy property states, nor respite. now this time around, if we have a collapse of pay for currencies, we don't have that foreign influence. so suddenly we're looking at something which is potentially a lot more disastrous than what germany experienced in $192223.00. now if outlined here 3 point, so you're talking about us, our prices are protection typically by for the rich against inflation. but that could be running into trouble because of the case of property, the maintenance costs and etc are going to strip out or not keep up. so that

becomes a liability, not an asset as you point out. the 2nd thing is that on the other end, or they can amik spectrum for poor people, this phenomenon that's happened with the money printing has, can come concurrently with, in the case of america, out sourcing labor to china. so in america, they don't necessarily, on the poor side, speculate on property, but they have a benefit in cheaper goods, cheaper electronics, cheaper clothes, cheaper gas, right? so there's, that's the poor man's asset. depreciation is getting cheap stuff from abroad, right? so you're saying that this is also now under threat because prices at wal mart in prices at the gas station or, or petro court as i believe you call it, are now going up for real. i mean even the, the highly manipulated c p i is that 5 percent and with the actual numbers at 10 to 12 percent. and so you've got to double side

a dilemma which i think is different based than any other dilemma before. because we didn't have that great out sourcing of labor that came when with china became america became the global factory. so i guess that's adding to your thesis here that even the hyper inflation of the germany in the twenty's could pale by comparison because of this kind of a double whammy to put it in colloquial terms pastor. yes, that's, that's i think, right? and we can encapsulated with a very, very little of ation. the last is that there will continue to be demand for human life essentials. i mean that's, i think we can all agree on. but when it comes to non essentials, which could be computers or whatever, then under those circumstances then there's no point in manufacturing them. if people are not going to buy them. so you can see that the vast amount,

particularly services services in the chase will behave very, very hard by this loss of purchasing power of currencies. so again, back to solutions is a solution. going to be the end of the us dollar as a reserve currency because underlying all of this is really that trip and dilemma the problem of the trip and dilemma is that if you have a domestic currency as the international reserve currency, the domestic economy in this case the u. s. has run massive trade deficits with causes so much instability domestically at home, but also in the trade situation, does that have to end to provide the ultimate solution to the situation and what is, what does it look like post us dollar? yes. well, i mean, the tripping dilemma always ends with a crisis because you are forced to, as a country providing the reserve currency. you are forced to undertake or undergo economic policies, which are destructive of your own economy and becomes

a point where the world enough. and at that stage it starts going into reverse. and we have this now. i mean, if you look at the treasury tick figures, you'll see that foreign is and $31.00 trillion dollars. that's one and a half times us g d p. now this, under any circumstances or on the any analysis is off too much. so we know the problem is how do we stop them selling it? and the only way we'd stop selling it is to pay them in an enough interest for them to hang on to that dollars. but that destroys the market. so this is why i feel that it's a very different scenario as far as assets to concerned this time run financial assets in particular, but it's also true of residential property, other property, and so on, so forth. i mean, i can remember not even in this sort of situation, but back in 1975 in this country. when the banks were bust, you could have bought an office bought block in london in the city for nothing. why?

because somebody had to pay money to keep the utilities going in that office block . you know, that is the source of situation which we run towards when money actually buys you nothing. i think the way it will come out of it is that central banks can only do one thing. you have the collapse is not say at all at some stage central bank say we've got to mobilize alco reserves and they then turn to fit currency into credible. i mean it will have to be credible gold substitute that will stabilize the situation. but we're talking about perhaps in dollars the go price of over $300000.00 or something like that. i mean, this is a long way from where we are now, but it can happen very, very rapidly. i lived in london for a while and now the property ladder is almost religious sperber. is that mentality changing in the u. k. or are people still dying to get on the property ladder?

still dying to get onto the proxy ladder and this co good thing and the suspension of stamped duty has just driven prices up, hugely. but also note that price is probably price isn't a biker of driven up. it's if you'd like the initial effect. i think of monetary d basement, but there will be that secondary effect when the d basement rarely hits. and people then begin to think, well, i've got an investment property here. i've got to sell it in order to do you see what i mean? yeah, we gotta hit it. thanks so much. alex mccloud from gold money got com for being on kaiser report. that's my pleasure. all right, not going to do it for this edition of kaiser report with re max kaiser and stacy herbert want to thank her guest house for mccloud of gold money dot com until next time by the me ah ah, ah,

people with these 2 numbers raises whether it's not adequately managed or that they have some immune problem. then their risk of infections and something like the coven 19 pandemic, was very bad news. the people diabetes. and we considered as one of the very high risk situations in terms of people being infected ah, the british and american governments have often been accused of destroying lives in their own interest. while you see in this, these techniques is the state devising message to end essentially destroy the personality of an individual lifetime. means this is how one doctors, theories were allegedly used in psychological warfare against the prisoners d,

the danger to the state. that was the foundation for the method of psychological interrogation, psychological torture, disseminated within the us intelligence community, and worldwide among allies for the next 30 years. to have the victim say they still live with the consequences today the with, ah hello and welcome to cross talk. we're all things considered. i'm peter lavelle last me and appears to be near washington's 20 year effort to nation. building up dennison was always going to end this way, a complete and total failure. it is doubtful to corrupt government in kabul.