the big announcement coming out of new york where governor andrew cuomo now says he is quitting amid allegations of sexual harassment. thereby falling victim the very me to cause he himself claims to support the blow to that cause. at the head of a charity that supports the victim of sexual harassment. also quit bowing to pressure over her ties to andrew comb. 60 years since the u. s. first used agent, orange and vietnam, and still no apology to me. some people american soldiers and their children are still suffering. the serious health issues caused by their, beside a newly obtained dependent on the document shed light on how the u. s. department of defense, pressures, movie producers to portray the american military and a favorable like was your headlines this hour?

kevin, i will be here with a looks renews in just under an hour's time. this is our teacher national. stay with us. 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, let's call it the camp david window, right. like because we have bretton woods up until 971. then since then we had camp david essentially nixon close the gold window. they had organize 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 it 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 newt. see, 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 gray, while we're adding toward a global bitcoin standard and fat monies are going, going to disappear completely not just because of inflation, but because people are using bitcoin 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 hype, 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 are coming to planet earth called bitcoin. and the astronomers look through their telescope and i say it looks frickin big, and people are saying that now i can't be that big can it? and they're like, now it's really big and it's getting it take going to hit. and once it hits, if you're not prepared, it will be too late. the whole time that we've been doing kindly for 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 the 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, m 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 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 p 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 $100.00 trillion dollar credit facility that will be funded by the s t r, the special drawing, right, which is the currency of the i m app would provide a huge bell out to the central bank 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 garrett is course used to be at the m f, c over at the c b. so she will be a willing participate in this all, and continuation of the global positive game. the numbers are humongous, but for all the multi trillions of dollars worth of money printing in the quad jillions of dollars worth of derivatives. remember the big coin ashtray runs in the quintillions, so it's running and bigger numbers. the humongous numbers of big coin 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 the show, i predict our audience will see the face of god. yeah. so, you know,

these are just the sort of in a chaos and signs of disintegration that starts before any empire collapses. and when we look back in history, you could 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're the new emperor and 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 a fresh. 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 of stimulus that's, that's it's it, that's a disintegration that they're ready for a reset. they're already signaling at. they're telling you that i'm saying we need a new bretton woods, the world economic form in un or 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 default 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 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 set the precedent railey for a modern central banking because we're down greenspan doing 187 when the stock market crashed 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 bail out. the 2008, bail out the, the bail out, the cobra bailout, and the ongoing bail out, the rolling bail out. and now the, the 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 fact 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 at the camp david 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 trip and dilemma we had to send over all our manufacturing overseas in order to sustain the system. but now it's at that end. but if we do a c, b, c, we could just air to hops these digital dollars. these digital sd ours, but 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 the 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 debt on wall street for the money. they print over their domestic elastically, but now the global versioning has to go glow bright. this for because all the central banks have 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 from the ours. so the fed and all these other banks will be collateralized by s d r's that be printed by the m i m f. and they'll claim that they're all worth a 100 something dollar, even though there's a 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 is we're as further and further away from the day to day reality of people on planet earth in particular, america with 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 it's already introducing. it'll probably be like a transaction tax sort of thing. if you want with some, 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 tax, right? it will be 8090 percent. okay, that's not an working functioning economy. that's a serfdom. 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 enter solar tax, local, state, federal, global, interstellar tech, thanks, jeff bezos. and richard branson, while we're going to take a break and come back, what's more coming your way? the me ah, 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 critical of time. time to sit down and talk me. one of the worst ever mess. shootings in america was in las vegas in 2017. the

tragedy a close a little live in real life vegas, where many say elected officials are controlled by casino owners. the dangerous shooting revealed what? the l v m p d really is. and now it's part of the spin machine to the american public barely remember that happens, that just shows you the power of money and las vegas. the powerful showed that true colors when the pandemic had the most contagious contagion that we've seen in decades. and then you have a mayor who doesn't care. so here's caroline goodman, offering the lives of the vegas residence, to be the control group, to the shiny facade concealer deep indifference to the people. by going to say that they would take an action. absolutely, keep the registering and keep the slot machines doing. this is a money machine is a huge cash register that is ran by people who don't care about people's lives

being lost. the the, the, the the, me welcome back to the cause report. i'm at kaiser time out of turn to mark value of increment dumb mark. welcome back. i'm ex mark the entire german yield curve is a negative. wow. greg foss says this means that these bonds are now a liability use. the yields have been dropping and dropping in some of the countries have been using negatively already since yes, germany, one of the major examples. and yeah, it's just, i think,

basic key probably the combination of perform they 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 these are government bonds to the people haven't explained this. i don't think generally the public cares a lot about the stuff, but what they do care about is rising prices and, and often governments try to make the best of the situation even from a p r standpoint. when, for example, comes to real, real estate public is complaining rightly so. the prices are too high. government often says, well,

the good thing is the use us are low. so you can go take on higher debts and use this debt to, to, to buy this price real estate. so the 2nd thing which government says in this relationship is, well, 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 as a government takes, this is a positive, but in reality, i think it's, it's a net negative for the whole economy because it disturbs and distorts the whole economy and this incentivize savings and incentivize, incentivizes that you mentioned that the yield curve is not on people's minds, but rising prices are, and we see 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 rationally 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 the german so is kind of torn into because on the one hand, yes they still this collective memory of author inflation and people are worried that the way she could come back, well 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 that we don't know how to, how to handle this, and even the bank is spending 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 is in a predicament, but 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, this isn't kind of monitor is ation process. so that is, that leads me to expect much high performance, generally speaking with convent relative to gold. that means 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 that have risen significantly. but if you look at the curve, say for instance, oil prices, it's oil is starting 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 would be one indication that the market really believes the general narrative folks of better research. for instance, of generally, of, of the central banks that this inflation pop was, was a one off. and 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 on the oil

will rise again, and the whole price will continue to rise and will make new or time high as 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, 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 channel history and vastly on the estimated and it symbolizes the

disintegration of the monetary system. the gradual e monitor is ation of gold which went along and happened over the 20th century. and finally basically got caught 50 years ago. and so. busy 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 gold was the monetized for the basic. it was replaced by that. so we have a dead based currency system and again leads all kinds of aggregate, monetary aggregates credit, agriculture aggregate to, to, to start to, to increase increased exponentially. and we should all be aware often we should all

know by now it latest, just as wireless, 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 bond is bank and near 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 in 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 prepare to the system. so i think they using this technology to try to create 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 another version of money printing. and the only cure for that is to raise rates. and once again, we can say the bundle bank an e c. 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 and they were gonna hold you over for a 2nd. but i wanted to get into something over there at the bank of england. they recently re published a report executing a bell in an operational guy from the bank of england. wow. along with their plans for a cbc 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 a bail in the bank and bought cyprus, the bail. and 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 with 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. ah, me make no borders and a lot to nationalities as emerge. we don't have a therapy, we go to the back seen the whole world. please take action and be ready. people are the judge, you know. 2 come crisis we can do better, we should be better. everyone is contributing each in their own way, but we also know that this crisis will not go on forever. the challenge is paid for the response has been massive. so many good people are helping us. it makes us feel very proud that we need together

in oh, i think it's part of mental health revolution. we increasingly freeze political claims. the language of mental health became more common. so if you disagree with something i said on this program, you know, just say i just agree with you. i think you're wrong because of the following problems in your evidence or logic. you say your micro grass mate, you say you triggered me. you said you heard me again from psychological wages, news, or psychological terms. and i've got an enormous problem for politics because it's almost impossible to have a discourse on that terrain. the.