all contractors are getting fat and rich. so finally, they just had to give up the go. the evacuation flights resume and cobbles main airport as tens of thousands desperately seek to flee afghans in now under taliban rule after the disastrous withdrawal of us troops. meanwhile, during the chaotic pull out, the western coalition also leaves ammunition for the insurgents, including advanced weaponry from aircraft to armored vehicles and even biometric devices. americans claim that they are being refused lifesaving treatment if they have not had a covered vaccine even if their condition means that they cannot be an automated why all we actually trying to discriminate against bully horizon. those small group

of people who chose not to say, i think everyone should be treated regardless of whether they do or not. these females to say to discuss this with your daughter, see if it's the right thing to you as an individual. dan hopkins will be here in about an hour's time with another full international strand. this is our to national lab. have you with us the i am at kaiser. this is the kaiser re port. you know, you give an inch, i take a mile. never a piece of crocodile. lots of church said. what am i talking about? let's check in with stacy. right max. well the u. s. embassy incapable told to destroy files in case taliban wins. obviously in case is already a reality. but the thing is like, on the report here,

we keep on saying over the past year to that, it looks like the 70s are coming back. and of course, the seventy's afghanistan was in the news, and that was the beginning of the end for the soviet empire. now the u. s. empire is collapsing there. i have several things to say in terms of one thing, what people always ask, why does every empire go there to die? and every empire is the epitome, essential is ation and hedge. a monic power, a single power controlling a lot, and they always disintegrate. at the edges of their empire. and of course, the problem with afghanistan for all empires is that it's one of the most decentralized of all nations space, right? there's many, many valleys, many mountains, many tribes within those mountains. and each mountain valley, there's another tribe. and to try to control all of them with all their little nodes of power. it's impossible in every single solitary, centralized power who only has force at their hands. it doesn't, and never when,

once again we've got ourselves into a quagmire. remember that was the popular word during the vietnam era. and the afghanistan is yet another military quagmire. $2.00 trillion dollars. couple of 1000 soldiers died. and for the same reason, there was no clearly stated mission. there was no incentive to win, right? because all the contractors are getting fat and rich. and so finally they just had to give up the ghost mainstream media, especially that financed by the life of raytheon and lockheed martin. they were always on the wrong side of this. they predicted this wrong for 20 years. they got it wrong. the media outside of raytheon and lockheed martin finance stuff that alternative media that is now been silenced. and you know, throttled essentially on google searches and youtube and stuff like that. they were right this entire time about what the inevitable outcome was in afghanistan. even

if we had stayed there as the raytheon and lockheed martin finance media says like we should say there for another 2030 years. we can never leave. there were no matter when we were going to leave, the inevitable is going to happen and that was exactly, it's going to go back to where we started from. right. and however, you know, the whole theory this whole time has just been like another surge will fix this problem. i'm another mother of all bombs. remember the moab that we dropped the bomb and history dropped, and that was going to scare those alabama off, and they would never, they were run away from afghanistan and never know, you know, they would know better than to ever try to take back their country. well, you can apply that to how the same centralized command and control system operating on the us dollar. rails has operated this whole time as it also disintegrates around the same time,

200-2000. and one was the beginning of the end that we've identified here in cost reports. we've been in a, we were in afghanistan since 2000 or one. so at the same time they, there is a parallel that you could tell the same elite or running everything because they keep on having the same bad ideas, whether it's monetary policy or military policy. right? there's a direct analogy to make between the very next quantitative easing round, which will be the biggest yet, is going to help us achieve inflation and stop all the deflation or the bigger bomb we drop the moab is. it's a bigger bomb than the state of iowa. we're going to drop in and it's going to rattle those caves. and we're going to bring a starbucks in. they are quick. and it's always about escalating to bigger, bigger versions of the exact same thing that got you into the mass. and to begin with, right, there's no way to corral this nation in a way that's been shown throughout history to be an empire killing zone. just like

the can't stop inflation by printing money, joe biden. guess what? your stimulus, pri, brock, he said that the expertise or the raytheon told rachel matta that they were going to get out of afghanistan. they just need to drop bigger bombs. well, all the mackenzie and the consultant and the professional talking mouth or saying to joe biden, you just need bigger stimulus, bigger quantitative, amazing job, l dot, the treasury mover from the fed move over here. you know, bigger war stock buyback, more quantitative easing. right? and the result is, remember, after the soviet union call, it was 2 years after they pulled out of that afghan stand nightmare that the soviet union collapsed. so i think we got to put us on a similar timeline and the clock is ticking. now will it take even take 24 months for the us to go through a soviet union collapse? i don't, i don't think so. i think we're under 12 months. we're now what can to continue?

why that might be happening? why this inflation? why this, you know, the very centralized the currency system, part of the disintegration. what's happened over that same 20 years is the introduction of bitcoin that happened midway through midway through this 2001 to 2000, 2021 period was the financial crisis of 2008 to 2009, 10. and we saw hi and introduce that, and that was like the trojan horse into, to disintegrate. that was the mother of all bound. sure, a real, but the mo ab, you know, the mother of all bombs that i think it was trump, it had dropped on afghanistan. remember, it was a big thing like, oh, look at the satellite images. you can see this huge explosion and debris going everywhere. and of course, you know what, you don't understand whether it's an a nuclear bomb or mo, ab is the thing, is all that debris lands on somebody and kills innocent bystanders. and the collateral damage is the same thing is happening with inflation. so with all the

money printing all these yet another q e program, yet another tarp sorta program. yet another every stimulus package over the past year got bigger and bigger and bigger. right? they keep on coming up with bigger and bigger and bigger checks, and that will care of the whole system, the collateral, the same sort of debris, the collateral damage, you know, it hits and then like that nuclear bomb, it takes a moment to then i go home and fall, so you start, you're starting to see, i mean we've catalog this over the past few months now. the inflation raging like the seventy's starting to hit really huge numbers. largest yearly advance and producer price index and history dating back to 2010. the producer price index rose one percent from june to july and 7.8 percent from a year ago led by services. so services are leading the way up 1 point, one percent on the month. so obviously over 13 percent for the year the producer price index is up if you count from a yearly from june to july. if you annualize that,

that's going to be over 12 percent as well. so those are, those are $970.00 style numbers, right? you're right about the collateral damage that comes from money printing the inflation and just like an a warfare. remember, after the vietnam war, they didn't like to show the pictures of the dead soldiers coming off the plane, right? sure. similarly, they don't like to show the casualties of the money printing. they obeyed over doses the suicides due to stress and collapse of the moral fabric of the, of the country. so they don't like to show that stuff, but there, there is the collateral damage from money printing. financial terrorism on wall street does have consequences, particularly when it's aimed at your domestic population. sadly, they used to just focus on foreign countries, latin america in particular. but now those wall street assassins and arsonists are looking at americans and thinking master juicy target to go after. and they're killing people, just like they're killing people overseas. and they're all kind of funded by the same folks. and they go to their cocktail party that the world economic forum and

they congratulate them files and they like to count bodies and life. so we climb to the highest prices may as u. s. d, a cuts us supply forecasts. also, the weather is starting to, you know, the climate is changing and things are going crazy. and the weak felt, and so you're starting to see supply cuts, but supply chain problems on top of the pandemic. so like we've been cataloging like, you know, there are major shifts going on. there were major shifts happening, post world war 2 that led up to the sixties and seventies and going off the gold standard. you know, these are cycles that kind of go around and around and usually driven by hubris and hard times and good times and all that sort of stuff. so right now we've had the, the good times for so long max, you know, since basically 1982 when you went to wall street and interest rates have been declining the whole time. so now we're at the end point. we've been cataloging this

on the report for over 10 years than ever the declining interest rate and we've hit bottom. and now where do we go? it can only get worse, right. so you mentioned that the afghanistan war cost more than $2.00 trillion $1.24 lives. 2000 of those lives are us soldiers, 20000 injured. and the cost of those $20000.00 that are injured is on this tab of 2 trillion, which is projected out until 2030, the cost of taking care of those wounded soldiers. but when you add up the cost of defense and state department fund sunk into operations, enduring freedom and resolute support, resolute support, sounds like a good thing. what the fed is always doing, it's resolute support for the market. yes, this is a war against the market section. team and then throw in the cost of caring for the conflicts. it's as up to 2 trillion dollars, the cost of war project detail. that's the most recent estimate finding that most of the money came out of the $933000000000.00 and department of defense overseas

contingency funding. the rest includes $443000000000.00, and d, base budget increases to support the war $296000000000.00 to care for veterans. 59000000000 and state overseas contingency funds. and this is the most important max, 530000000000 to cover the interest on the money borrowed to fund 20 years of deployment . don't have to pay the, the past 20 years off. and that's the problem for money. yeah, and chief credit is that as long as the interest rates are going down, then the interest payment on that debt is going down or provide your room to borrow more. that's the single greatest reason why america isn't gap down to staff for 20 years is because the federal reserve bank wall street banks have kept interest rates there. 0 to extend and pretend and to make it seem like the cost of the war was getting cheaper and they gave no value to human dead soldiers, 0 value. thank you, alex man and janet gal and j pal, the value our soldiers that nothing. thank you so much. thank you years. thank you for your service. your money printers. oh, it's it's,

it's sad. it's grotesque. it's america. o miracle. you forgot been bernacki, and i my ad there were only, there were 2000 us soldiers killed and there were tens of thousands of afghani killed. and now their country isn't chaos just like libya isn't chaos just like yemen isn't chaos just like iraq is, you know, perhaps coming out of some of their chaos, but also chaotic and so we have a similar situation. the decentralization has beaten senseless ation once again. and the center did not hold and it will not hold. and therefore, the only choice to save yourself some bitcoin. yeah, you can taper upon this game and that's all that kind of, that was a war time party game. all right, going to take a break when we come back, much more coming your way. the me

in the, and an expected upside of the pandemic kenya's experiencing. and elephant baby boom . 250. why this kenya have so many cars. and how has the pandemic impacted people's lives? is andree role is a fairly big along in any fact he end up killing himself. i don't live on a lease and then you go buy a car. well, and i will make a little a little was i did in the media group, they get idea. can you say lucky to me me? ah, it will because neither of the when the name and the

they didn't even notice whether they call to do it. but i know the company just wasn't going whatever did it the me welcome back to the kaiser report. imax guys are time now to go to wolf rector of wolf street dot com wolf. welcome back. re max space for him. me been reading your work lately. it's like you've got eyes on the thinking of the titanic. things are spitting out of control. you as always, are doing a forensic look at the data. what stands out in your mind? well, the big thing right now is inflation and it's every war and it's cropping up in places where he didn't expect it and it's getting worse in different places,

further behind the scenes. and so that's why i'm looking at so inflation is something that is difficult to predict how it manifests where it pops up. as you say, the data is interesting because you see it occurring in places that nobody has prepared for. and is this the beginning of a secular movement of placement, or as we're being told, it's transitory when you look at individual items, you can definitely see that that day would have to be transitory. i mean, some of the price 54, so crazy that you may need to know they're going to unwind and used cars is 1000 which i used car price increases a 40 percent on the retail side and, and higher than that on the wholesale side year over year with this just complete enough people are paying more for a used car than for new car. the whole market has gone totally nuts and, and that, and they started going on here. so we now have seen on the wholesale side,

the 1st 2 months in a row of declines. so that is starting to, to unwind a little bit does to declines in the whole sense, either going to be on the retail side in a month. okay, so we'll start seeing next. now new car prices are going up. when they used car prices are gone down. and so that's, that's a consequence of the trade in value. so that's, that sort of a follow through, you know, trading values are learned and car dealers attacking up their prices or new car. so while one of them goes down a little bit, the other goes up a lot. so we've, we've got that wacko most situation. we've got all kinds of transportation costs spiking because of a number of reasons, and they're being gradually passed on and all a sudden passion. that's the thing. you know, the company's passes on little by little and, and so they're lagging behind the margin shrinking and the pressure and, and so they're taking the time but they are asking these on. and so we have all

these precious filled up in the pipeline that have manufactured themselves. you know, we already have to speak, and i think this is, this is going to play out for a lot longer than anybody expects. and we've got huge monetary stimulates, we've got huge fiscal stimulus going on at the same time. so nothing is being done in any way to slow this down. so i don't see how this could be incurred. they look at the individual components, really the logistics of everything, the supply chains. according to the headline, they appear to be on the brink of collapse. you've taken a look at supply chains. what exactly is happening with shipping and ports are out there on the west coast in the san francisco area. so you have a good understanding of that. certainly the asian, the us shipping, what's happening there. so this is a combination of things we've had this always stimulated economy, or consumers couldn't spend money on services because they were shut down such as vacations and cruises and stuff. so that bought stuff. and this bought material.

these goods are being imported from asia, and that's started last year. and so now there was the lumen, imports, record, trade deficits for the 9 states movement import. and the shipping industry had just some solid, dated. so there went through a crisis in 2015, 2016. so they have different passively. and so now into container shortages, we run into problems backlog at the port of and the s boards in the chinese portage that just sit down. another major report in china due to corporate infection there. so you've got this chaos going on when you talk to individual ship companies and trying to get a container anymore. it's a nightmare, even locating an empty container, the time to find a route and then the 6 to re routed because it's backlog and, and or problems. so this is just, it's really chaotic out there and everybody's trying to figure out how to get the merchandise across the pacific. and for us to export it,

it means that they're having trouble exporting the stuff because they can't find empty containers to ship back. it has such a price of containers in asia that they're being shipped back empty, faster. so you've got this phone chaos going on out there right now in the container world and, and that's been going on for a while since since last year. and, and it's not temporary, you know, it's not going away. it's august now, and it's still as bad as it was worse. joe biden said something recently that he's begging all packed to increase supply because he's worried about the price of gas. now, is it more accurate? shouldn't he be asking the federal reserve bank to decrease the supply of money printing? if he really wants the price of gas to go down, he needs to increase the purchasing power of the dollar. right? i mean, but how does the guy like that get to be president and not know this basic fact

think is doing both. and because you already had a sen through that craddick center come out and said that fed should increase its asset purchases sooner. right now essentially it's pushing up inflation. so that was an official letter here on to the federal reserve. and himself said, he trust the fed to take control inflation when, when it starts pay more than january, inflation is, is, is it political? and, you know, the current has found this out, you know, you cannot run inflation by consumers for a long before they get really frustrated and, and now, you know, they're, they know that. so they are going to work both ways, you know, and i think my theory is that in the end by we're back to raise interest rates

and inflation control big as high inflation rates. well, well scott and his agenda, you know, and she won't be able to be frustrated and, and i think there will try to get the fed slower there if you can, down on the inflation and you know that the gas thing gas prices are what american see a lot, but of course, united states is a huge producer of oil. and you know, that share on industry has cut way back. so production in the united states is actually way down from what it was. i was kind of funny to ask opec to increase to actually, while in the united states, you know, production's big way down. well, you make the jimmy carter analogy there. of course we saw a period under the carter administration with oil shock as it was noun. and in came paul walker, who raised rates dramatically to stop inflation. and right now,

inflation is earning out about the same rate where volker saw need to raise rates to the 14 to 15 percent range. rates are still around one to 2 percent. if they come in and they jack rates the 14 percent to stop inflation, that means given the leverage of the system, every bank and insurance company in america is technically installed and it was just going to go home. when they do that there's, there's an interest in, you know, as you pointed out, if they bring, i mean, is there any, it's that broad short term rates up to 5 percent up to the rate of inflation. that's still similar to the rate the short term interest rate being just below the rate of inflation and that is stimulated. so that will be 5 percent short term. and long term rates will be somewhat higher than that at the fed would have to start loading its balance sheet to do that. so selling bonds out, right?

you know, that would that, i mean, if you get long term rates of 6 or 7 percent, that would be major upheaval. and so i think the very leery of going there and, and, you know, short term, me, we may say after, but this into perspective going back the 70, the fed wasn't leveraged at all today. the fed is library. 60 the one it's leverage more than enron was before enron blew up. so there is no 5 percent in the future. there's no even 2 percent on overnight rates coming in the future. so this is really an amazing crash. what was once a superpower, look at these numbers, steal up 23 percent. how prices up? 23 percent. wholesale prices up 7.8 percent. you know, this is ada control. inflation in the inflation mindset is then, as you point out, used cars are selling more, the new cars, you know, the car markets and backward asian waltz, you know, who would have thought that was even possible. well, anyway,

the job number opening the number of unemployed is also telling us something people aren't really looking to get a job when they get the free money from uncle sam. right? that's not going to change anytime soon. well, you know, if you don't have to pay your rent because of an eviction moratorium and get the extra unemployment benefits from the federal government plus the state benefits you're better off than you were before. and you know, very we, we, we, we have unemployment plus the extra federal unemployment, other people could pay their rent and could make the mortgage payment and, and then we said, okay, well can you get this extra money to make your mortgage payments and rent payments back you know, you don't have to make those payments and people just sat on the income and, and it's a lot of income. yeah. may places much more than happy for and the expenses are way down because you don't have to pay the rent anymore for now. and, and, you know,

there's, this is logic or human behavior and you don't want to get off that gravy train and, and why it's ending, you know, so we're going to see the extra unemployment benefits and in early september, spam days. and it's more towards may or may not, and it's going to have to deal with these issues at some point, you know, and that will change the labor market. so hopefully these people will join the labor market and most are working. but, you know, the employ your side is going that's with people trying to feel jobs and they keep their company started. so job and that can fill in and that causes all kinds of pricing pressures, right? i see target department stores offering new hires college degrees. they're really, you know, this is what their chickens are coming home to roost. you know, to, to paraphrase malcolm x. you know, all of this garbage policies are really turning into a nightmare. you know, because essential workers, dock workers, meat packers,

food workers getting food out the, into the stores there. they know there's somebody showing up, they're staying home. so what, what are people going to go to turn to cannibalism? i mean, it might make a real good reality tv show american cannibalism, you know, but is that what there is that the game plan was to have a comment on that? my, my wife works in the supply chain with meat. and so she has been going to the office throughout the pin demik. she is working directly. her company is working directly with meet backers, is i ism stories. what was going on to me, packers, and they have problems. obviously. putting people, getting people in to work. and so they're filling the jobs with the biggest volume . so were they getting the high volume cuts out? but if, if you want specialty cuts and that's what my company, my wife's company's is, is largely involved in their having huge price increases to having trouble getting

them. i mean, some of the prices are doubled. they, they can't get some of the cuts because the guy that used to cut he's, he's now out and there's no one else to replace them. and all kinds of stories is just crazy stories. we look at my will still be, i'm actually not ordered them in june, and i've been told while they're not going to produce the blank marks until november, and i just got word and now they're not going to do that either. it's going to be january before they produce the line, the monk shortage or wall street dot com though i'm concerned now, but the best independent financial research anywhere. go to wall street dot com. i encourage you. thank you. wolf, richter. thank you max. all right, not going to do it for this edition of kaiser report with may max kaiser and stacy roberts. special thanks or i guess wolf rector of wolf street dot com until next time, bye. all the me the,

the, the number you a 6 day marathon of creativity, multicultural festival and the biggest ever rustic competition for a few days became a russian cultural capital. 28 categories. ahh, from filing, a piano to the parenting and data protection. not yours just throwing up over the water. i mean, sure, you know, if you could get some kind of a 3 or for them to

be here, they 1st answer when reading or content the delta games only take the very best of the best buy i me is in the at the height of the 2020 corona virus pandemic. most media really covered stories from africa. the world was more interested in kind of it, and africa had more or less infected people in europe. but one story gone people's attention. newspapers reported that kenya was having an elephant baby boom journalist linked the unprecedented surge in the elephant birthrate. the tourist being restricted from.