by definition, have a position we have wrecked. i would disagree with you that you have a position on whether what happened in egypt. so we have determined that we do not need to make a difference. is that the same as not having a position? i will, i will let you part of yourself. now you can see more of a gen saki is a korea highlighted auto dot com or off season youtube channel. thanks for joining us here for the program. we're back soon with the with the i

the max kaiser. this is the kaiser report. the word of the day is magnitudes. let's find out what's happening, stacy. yes, we need to take a step back and look at the magnitudes. this is coming up in a tweet i'm going to read, but i also want to remind you that this is the week that set in motion the end of bretton woods right. august 15th, which was a sunday, $971.00. president nixon went on to live television in america sunday evening and announce they were basically closing the gold window temporarily. they said,

and then on monday, the 16th it came into effect. but on august 15th he announced that. and now here we are, 50 years later, similar situation sunday night as august 15th, the 16th is that monday. who knows what might be in store for us. maybe they're going to close. you know, i, let's call the camp david window, right. like because we have bretton woods up until 971. then since then we had kept david essentially nixon close a gold window. they had organized that from camp david. so i'm going to call it the camp david window that has been closed. the petra dollar window being closed because i replaced the dollar in the seventy's. exactly some it's, something's happening. we don't know. we're going to continue covering this in the next week or 2. but here is a tweet from a lucas new t c. take a step back and look at the magnitudes. bitcoin settled,

the equivalent of $2.00 trillion dollars and the 1st half of 2021. that is 10 percent of the u. s. g d p. right, while we're adding toward a global bitcoin standard and fat monies are going to disappear completely, not just because of inflation, but because people are using big coin as a unit of account, as well as a medium of exchange, as well as they store a value in these volumes and big coin suggested that's exactly what's happening with el salvador, making it legal, tender nigeria becoming high, big claim. those, the zation, the sized and the, the numbers speak for themselves of the magnitude. this quantity of these humongous numbers is not to be denied. it's like there's a huge media coming to planet earth called bitcoin, and the astronomers look through their telescope and they say it looks frick and bake. and people are saying now kathy, that they can it and like now it's really big and it's getting it take gonna hit.

and once it hits, if you're not prepared, it will be too late. the whole time that we've been doing before it's been all about the magnitude, because we've seen the magnitude of the fraud, a magnitude of the volatility, the crashes, the magnitude of the asset purchases by the fed. now they extraordinary magnitude of the stimulus packages that have been like deployed across the united states in the past year, but also across europe and australia, other parts of the world. now we have, remember we covered, we noted that the i m f during the election season last year in the united states. they dropped the notion that we want to the i m f says that the world needs a new bretton woods. right, well here's some news out this past week, and lin all then reported it, they, i am f approved around of new s d r's, valued at $650000000000.00 us to be credited to the reserves of

member nations. she follows that up with this more than triples, the s t r market cap outstanding and is another small step towards a more diversified or a multi currency global reserve system. ok, this is the long simmering conversation on this show going back years going back through and jim records, famous author, writer of many fine books had talked on this very show about the i m f and the s t r, the special drawing right as being the currency that will ultimately absorb all of the bad debts on all the balance sheets of all the central banks in this huge roll up. i mean, a 100 trillion dollar credit facility that'll be funded by the s d r. the special drawing, right, which is the currency of the i m app would provide a huge bell out to the central banks to provide a huge bell out to the wall street banks and banks around the world as

a way to keep this ponzi scheme going. so it looks like the timing is now that christine, the garret is course used to be at the m, f, c over d, c, b. so she will be a willing participate in this all. and continuation of the global policies game. the numbers are humongous, but for all the multi trillions of dollars worth money printing in the quadrillion of dollars worth of derivatives. remember the big coin ashtray runs in the quintillions, so it's running bigger numbers. the humongous numbers of bitcoin are, are, you know, $5060.00 quintillion calculations per 2nd. that's the magic of it. that's the beauty of it. that no matter how much they can print, the hash ray will always be well ahead. and that's going to be a permanent fixture going forward until all the money is vaporized and goes to 0. like it all does, that are law happened globally once. and then the ensuing, phoenix of hard money lotus flower will bloom into our collective unconscious. and

we'll see the face of god as i predicting before i leave this show, i predict our audience will see the face of god. yeah. so you know, these are just the sort of chaos and signs of disintegration that start before any empire collapses. and when we look back in history, you can see it, it often happens that a 4th turning, it could be a coincidence, but you know, research that we've covered the 4th turning before. but i think it's also like, certainly like when you talk about this roll up, we had essentially a roll up in 1071, august 15th, 169071. when the us went off the gold standard, it was essentially a way to do it with a modern version of a blank slate. right. so the debt jubilees that they used to have back in the days of mesopotamia, where they, the new emperor, the new king. and the new ruler would just like wipe out the slates of all the debts that the farmers and people owed. they would be able to start

a new and start the economy afresh. so that's what happened in 1071. like all the debts we owed the trade imbalance to the kingdom at that point. just start with a blank slate and now we're at the end game of this. and you're starting to see that, that, you know, the edge, the disintegration of the fabric of the financial universe at the edge. when you see the magnitude of money printing the magnitude, it's a stimulus that's, that's it's it, that's a disintegration that they're ready for a reset. they're already signaling that they're telling you that i'm saying we need a new bretton woods, the world economic form in u. n. are saying we need a great reset, so they've already been telling you and signaling to people if you care to look, it's there. so i think whatever comes next and it's probably a cbc, a central bank, digital currency that the roll it up again, or possibly tied to an s t e r roll it up again, and we'll start a new, right,

well, going back to next. so he basically had 3 choices. he could either a, the us to fall on a sovereign dead, be the u. s. would give britain the gold that they owed britain. yeah. see that there would be a soft default in the form of swapping the gold of for paper money that the dollars . so he chose option c a this, they chose money printing. instead of a hearing to the rule of law, the competence of a bond are the rule of law. and. and so nixon decided to, to ignore the rule of law as he had done many times and many other occasions. and he gave the brits a big bag of paper money to to settle the debt. yes. and this, that the president railey for a modern central banking because we're down greenspan doing 987 when the stock market crash because of, of the speculation that had been going on using illegal quantity program

trading. they decided to simply come in and bail everybody out and then not set the stage for multiple bailouts. the 2008, bail out the, the bail out the corporate bailout, and the ongoing bail out the rolling bail out. and now the se, ours, another bail out, that's just another bella, let's call what it is. it's another bailout that destroys the purchasing power of that the money and creates a bifurcated global society of those who print the funny money like christine legard, who are living at the top. and everyone else is now the road to serfdom. that's the fac jack. well it's, we're doing a roll up, we're doing a great reset. we're doing a new bretton woods. the thing is like if they do a, c, b, c, the part of the problem with a disintegration of this is not only does the united states and the corporations and households have too much debt and much of the western world as well. the, the problem is that the u. s. is not

a big enough percentage of the global economy anymore, so there aren't enough dollars overseas, and we're the only way to get it in this system. i'm calling the camp david's system. the only way to get it into the hands of other nations is through trade, so we don't have anything to export. and that's a huge problem. that was part of the driven dilemma. we had to send over all our manufacturing overseas in order to sustain the system. but now it's at the end, but if we do a, c, b, c, we could just air to hop these digital dollars. these digital s t, r is like, nobody had to trade with the i m f to create these s d r a is tripled, right? but it's like a very, it's a pre mine. yeah. it's just a pre mine junk fake currency. yeah. and so if they could just magically create these out of the narrowly, it's already there with s t r. nobody has to trade to create these, right? but that's what the fed has been doing for decades. they've been swapping bad that on wall street for the money. they print over their domestic elastically,

but now the global versioning has to go globe right? this because all the central banks been colluding for years and they all have multi $1000000.00 liability for their balance sheets that have no resale value whatsoever . so they need to swap those for an sd ours. so the fed and all these other banks will be collateralized by the ours, that be printed by the m i m f. and they'll claim that they're all worth a 100 sense of dollar, even though there's 0 retail value. and it puts another layer between you and the money printing center that the people at the top are further and further remove. so 1st we had, you know, the us treasury and the states, you know, they issued bonds, they printed money, they the treasury, the u. s. government was in charge of money, and then it was the fed put a step between you and monetary policy. and then if they go to this organization like the math, then it's another step remove. all right, so it's a, it's a self governance as we're as further and further away from the day to day reality of people on planet earth, in particular, america, that's claims to have

a government bind for the people. but if the fed is now completely controlled by wall street banks and the fed is not completely controlled by the map, which is a super national organization that serves the global lists as they're called. then the idea of self sovereignty in america takes another huge quantum leap, some of subversion, the because you'll be paying tax by the way to this new global entity of a bank, state, local, federal, and global tax and authority introducing. it'll probably be like a transaction tax sort of thing if you want, if you want to spend, you need their currency and i'll take a cut, but they're only talking about a minimum global tax of 15 percent for corporations. so they're already introducing us. this idea of global tax, they pay state long, local, state federal global tax. okay. your combined fact, right? it will be 8090 percent. ah. okay. that's not an working functioning economy. that's a serfdom you're. you're on the click farm. you're clicking for protein pills.

you're in the casino, the lag, y'all. that's what's happening. wait for the galactic one once. jeff bezos on the line mosque setup new color, the inter solar tax, local, state, federal, global, interstellar tech. thanks, jeff bezos and richard branson. while we're going to take a break and only come back, what's more coming your way? the me ah ah, and then you need to talk to someone who can be more than that for me when i'm in a position

where you may need, which can go on for me, which mobile phone when you send out what i was looking for the day join me, but it was easy. i got to get to choose you can put up with me quite a bit as long one need to tell you the truth. she doesn't know why you need that. is that quote, the i choose choose

the me welcome back to the cause report, i max, or time out of turn to mark valid of increment dung, mark, welcome back, i'm x mark the entire german yield curve is a negative. wow. greg foss says this means that these bonds are now a liability and not an asset. do you agree? i do agree. i mean, this has been building over the years. the yields have been dropping and dropping in some of these countries have been using negatively already since yes, germany, one of the major examples. and yeah, it's just, i think,

basic the probably the combination of for, for the kid long bull market in, in bonds and face gear falling interest rate environment, which has been going on for a long go on for some more more longer. but the car go on forever. how does the government explain this to the population? right? because the population do they understand what a negative interest rate bond is? and what's the justification for it to that the government makes the government bonds to the people i've explained. i don't think generally the public cares about the, the, the you. but what they do care about is, is arising prices and, and often governments try to make the best of the situation even from a p r standpoint. when it's, for example, comes to real real estate public is complaining rightly so. the price is too high. government often says, well,

the good thing is the youth so low. so you can go take on higher debts and use this debt to, to, to buy this over price real estate. so the 2nd thing which government says in this relationship is look at the, the, the, you, the interest rate payments, which we have been saving. we've been doing a tremendous job is to lee in just financing our budget so cheaply so, so the government takes this is a positive, but in reality, i think it's a net negative for the whole economy because it disturbs and distorts the whole economy. and this incentivize saving, since incentivized, incentivizes that you mentioned the yield curve is not on people's minds, but rising prices are. and we've seen inflation all over the world now because of money printing. and germany is the interesting, i would say, because they,

they are almost uniquely sensitive to rising inflation. historically speaking, this is cause lots of problems over there in russia, of course, they're taking this problem head on by raising rates. they'll say, hey, there's an inflation, we're raising rates, which is what central bank should do in germany. they're saying we see the same inflation, but are actually lowering rates. so there's a philosophical split here. and one, russia seems to be in accordance with actual monetary theory and the history of central banking, the other germany seems to be making things up as it goes along mark, i think german. so is kind of torn into because on the one hand, yes, still this collective memory of, of inflation and people aware that in place you could come back. but then the other hand is also think the sense of responsibility to,

to keep up this unified europe. and the part of this is basically keeping the earth together, which then again, as a consequence needs so. so germany needs to subsidize southern europe and therefore it needs to keep interest rates low. and so, so i think the re don't know how to, how to handle this. and even the bank is bending over backwards to try to justify the new monetary strategy from the c b, which then again, basically allows high inflation in the medium term, which they really didn't want to initially when to stop the euro. so i think germany isn't a pretty command, they really have to go on with, with all these measures. unfortunately. now you mentioned rising prices and we've seen rising asset prices for years. we're now saying right, rise in real estate prices and consumer prices now. and we also see

a reaction into asset classes. gold and bitcoin big coin so far as up to 149 percent year on year. whereas gold is down 10 percent. so another interesting split to safe haven assets to inflation sensitive assets. one big coin up over 200 percent. the other gold down 10 percent. what's going on generally, because isn't kind of monitor is ation process. so that is that leads me to expect a much higher performance. generally speaking with convent relative to goals that that, that's what you bring up is, is really interesting. the market on the one hand is already discounting or talking a lot about inflation. but then the other hand, it's, it's not really discounting the continuous inflation. so what i look at here which,

which, which leads me to this conclusion is for instance, look at commodity commodity prices. they have risen significantly. but if you look at the curve, say for instance, oil prices, it's oil is trading in the huge beckwith ation. so basically the future price is currently discounting to be much cheaper than it's than it's currently on the spot market. so, so i would say that will be one indication that the market really believes the general narrative folks of better research, for instance, of charity, of, of the central banks that this inflation pop was, was one often this going to be it's, it's going to go away and that's, i think my, my, my best explanation as we speaking for, for relatively weak school prices for now. but i think this, this will change and i think over time market participants will realize that the inflation is a more permanent thing. and the prices will also rise again,

the of the oil will rise again, and the gold price will continue to rise and will make new or time high. well, as we know, and it's mathematically proven to be so that the only way to mop up x less liquidity in the system is to raise interest rates. and that's a, that's an on the indisputable fact. and the fact that they're not going up means that somebody at their bundis bank is being very, very irresponsible. now mark, this coming weekend is the 50th year anniversary, the next and shock. when the us close the gold window, your twitter by our read, the current monetary system is not sustainable. so i guess you think it has been a disaster, but tell us what went wrong 50 years ago. i think that's a very important date in monetary history for sure, and actually also with great implications for, for general history and vastly on the estimated. and it symbolizes the

integration of, of, of the monetary system. the gradual the monitor is ation of gold, which went along and happened over the 20th century. and finally, basically take a cup 50 years ago. and so, so this had all kind of consequences which we eat, which your regularly talking about. but i think what this very important and, and also overseen and that's why i also talk about the and sustainability of the current monetary system. i think what actually took place is in gold, was the monetized for the basic. it was replaced by that. so we have that based currency system and again, leads all kinds of aggregate, monetary aggregates credit aggregates, that aggregate to, to, to start, to, to increase exponentially. and we should all be aware of. and we should all know

by now at the latest system wires, where we all been confronted with, with exponential curves pretty pretty extensively. exponential curves are not sustainable. and so i think is, this is also the reason why we are living in the non sustainable current system. because we have exponentially increasing depth and the exponentially in increasing monetary aggregates. and this won't last forever exponential increasing debt. exponential monetary aggregates or exponential growth and derivatives. all you from isms are synonyms for money printing. and once again, the only way to mop it up is by raising rates. so once again, the bundle bank and the are paying central bank under christine, the guard are acting completely irresponsibly now going off the gold standard was a solution to america's debt and trade and balances. doing so extended a life of the dollar by another 50 years. that's what we're living in now. but now

central bank returning to c, b, c's, central bank, digital currencies is the c, b, d, c, state solution, some kind of bland, a state solution to all the debt accumulated and all those 50 years. is that going to work mark? i think it's just reaching another level of basically the basing the, the central banking currency. so it's just using new technologies to, to perhaps more efficiently inflate the system. and that's exactly as i said, what the system needs. basically all these measures which the central bank is taking a measures which perpetuates which you need to perpetuate the system. so i think they using this technology to try the system for a few years longer and it may work for a few years longer. but we'll see, i think this, this decade is, is, this is pretty a very important one. and i think in this decade the,

the system probably will come to some kind of an end to c, b, c, central bank, digital currency, or just another version of fee money, which is just not the version of money printing. and the only cure for that is to raise rates. and once again, we can say the bundle bank and easy b or irresponsible by not raising rates, and they're causing inflation. and they're doing a repeat of history. and for germany, that would be a catastrophe. i would think, but hey, who's looking at history? we've got about a minute left in there. we're gonna hold you over for a 2nd. but i wanted to get into something over there at the bank of england. there recently a report published a report executing a bell in an operational guy from the bank of england. wow. along with their plans for a c, b, c. mark. it seems that all your money belongs to them. we've been so called in financial repression since 2008 does a financial oh pression, follow now mark. yeah, that's i think, also thought which, which has come up in the critical debate regarding some disease. it's could be also

seen as some kind of a power grab from, from, from the central banks because they actually consider convent the credit creation, which is now the private banking sector. and so, so that's i think something which, which is kind of a power struggle between central banks and commercial banks, which is going on richard. well, i think it's very interesting thoughts on that. so if everybody, if anybody's interested, one should check out he's, he's thoughts on this, i think we saw with cyprus ballin, the bank, the cypress, the ballon during the 2000 and crisis was they took money out of people's accounts or they failed to ensure money over a very minimal amount of money, they stole the money, but we're going to take you over to a 2nd segment for now though, thanks for being on cost report, jaz max. all right, nothing to do for this episode of the cause report with may max kaiser and stacy herbert want to think, i guess mark valid of increment dumb until next time by the

me. 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 to essentially destroy personality of an individual. and this is how one doctor's theories were allegedly used in psychological warfare against prisoners deemed a 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. then to the victim, say they still with the consequences today

the headlines this out here on our tea and a big announcement coming out of new york and governor andrew cuomo announces he is quitting amid allegations of sexual harassment, thereby ultimately falling victim to the very mean to cause he himself claims to support and then a blow about court ahead of a charity that supports the victims of sexual harassment, old sort of quit bowing to pressure over her ties to andrew cuomo also in the program here on our team today. bob, 60 years since the us 1st use agent orange and vietnam, herbicide proven to cause serious health issues among both the locals and the soldiers. one veteran tells us at the time amends are made.