by ascii has taken several dozen expeditions to the north pole. global warming, he says, is speaking. it's tall on the arctic and the ice becomes thinner every year. however, he doesn't believe men made c, o 2 emissions are to blame for everything. but my share, the same viewpoint is fine to do also with this process is not a reversible in its nature. the anthropogenic factor is the main way. what it means is that imagine for a 2nd, we'll switch to green energy and stop reducing c o 2 in the atmosphere. all the factory is close and you think this will suddenly, i don't know why it's coming up next. well, don't be fooled by his adorable look, a polar bear. we'll go after anything that's moving. if it's there time, it's midnight. but look how bright it is. it looks to me. we are on top of the world. coming together and i'm go

wow big adventure, i continue to said to morrow check and see more of it but to the present. no, kevin, though in the team reporting for from moscow to starting off of this up start by maxon co here after the break. you're watching r t international the ah, i use

the hi. imac badger. this is the guys report. yeah. sometimes the easiest explanation is the correct explanation. stacy. ok. well i want to say that the correct explanation is that big coin is the waffle house of money. and that is, you know, as we have hurricane season has clearly just begun and up, well, it's the, the bad part of it has just begun. and waffle house famously always stays open, no matter how bad things get, except for like category 4 and 5 because never shut down and you're going to need that because we have some category 5 sort of financial storms on the horizon equity markets, property markets, all sorts of supply chains,

we have some storms on the horizon. max. okay, excellent. while the waffle house indicator is a long term indicator, if the waffle house closes, that means the storm is a serious storm. usually it just continues. a lot of times you'll see people in the waffle house in the flood waters be rising above the windows and that goes above the actually eating there was underwater. usually that's what happens if they do close. it means that they're in a category 9. well, let's look at some possible category 9 situations. and in into this, i put also social unrest related to the aftermath, the consequences of the interventions to stop, you know, normal market corrections are business cycles. so global central banks have bought $834000000.00 of financial assets every 60 minutes and every 60 minutes, the market cap of global tax thought has risen $780000000.00. this is,

according to bank of america, coming from any conspiracy theorist is actually bank of america, relating fed money printing purchase of assets, an increase in global tech stocks, and they have a chart here. you could see the central bank liquidity is a darker line where that light line is. market cap of amazon, apple, facebook, google, microsoft, netflix and tesla. right? like i was saying, sometimes they, the simplest answer is the correct answer. and a lot of people ask, why are these text back so high? why is the stock market so high? and the simple answer is that it's a transfer payment. the federal government is transferring the paper money that they print into the pockets of the tech executives. it's as plain as the nose on your face, and you can see it in these numbers. you know, for those who get transfer payments, like food stamps and other government relief programs, they understand how this works. the government prints money and they give them the food stamp and then they go buy food here. the federal reserve bank prints the

money they gave it to jim cook or the guys a google or the guys over at amazon, and they stick it in their pocket and go out by. yeah. but it's the exact same mechanism to transfer payment yet. but it makes the into their pocket. and then from like i was just reading a statistic that the data on how much was actually stolen of all that p p, p. and hands on employment benefits pack in the past year was up to $400000000000.00. right, so that never made it to the alleged recipients. the same with the rent moratorium, which the supreme court stepped in last week and said, you have to end the moratorium. people have to pay their rent. well, there had been $47000000000.00 allocated by congress to pay that rent anyway for the past year and a half, only for $1000000000.00 of it made it. so where does all the, where it is all that. it's like in into a hurricane. you know,

a lot of things get picked up and throwing around and, and you go missing. right. well, i remember i was trying to talk about the difference between a successful stock broker and really just successful stock broker is the size of the order that you're asking for. and what you learn on a wall street is that the thing that makes you successful just asking for bigger orders, right? so why ask for a 1000 shares order when you can ask 410000 or 20000? sure order. so the only difference between kim cook and apple and somebody living in a development project somewhere in, in the poor zone, is that kim cook asked for big orders. he goes to the fed and says, i want you to send me $20000000000.00 to buy back my own stock and make my expected stock options go up. and i'm gonna cash them out by the way, like he did last week. and like make many, many billions of dollars, but they're both essentially petitioning the federal government. there's no difference between the person on food stamps is asking essentially for $20.00 for

a bag of twinkies a bag of chips that's that's, that's the size of the order that they're asking for. tim cook is asking for $20000000000.00 order, but it's the same mechanism we just soliciting the fed for that free money. and they're both contributing to catastrophic economic catastrophe that we're seeing play out. but with this whole, bitcoin as the waffle house of money, why we might need it is like, okay, so the stock markets have gone up parabolic and continued hit new all time highs, s and p 500. the nasdaq, the dow jones, everything hitting the highest property markets, also hitting new hives across america. and so bank of america and this report that 0 had just covering also looks at you know, basically the wealth and income gap in case someone was still unaware. quote, central banks have spurred greater wealth inequality. that's a quote from bank of america, and they provide this chart. central banks of spurred greater wealth inequality

after $22.00 trillion dollars of q e. wall street is now 6.4 times the size of main street. you see, since these crises began back in 2008, 2009 with the financial crisis. this is the beginning of that. and you see all the, all the red lines or the new q e programs. and as you see that, that the, the line we're following here is the percentage of wall street basically ownership of the economy. so they have as much wealth as 6.4 times main street. right. and how they get around it. red torque li speaking is that the federal reserve bank will always say they're trying to increase the inflation. they're trying to increase the inflation. and we're going to keep printing money until we get more inflation. and meanwhile, all the turn money that they are printing is hoarded by the banks and bank america would be the know what's going on here because there weren't the banks that hoards

the money and doesn't lend it out as long as the small businesses or anything like that as a result of this enormous robin income guy, because they simply hoard the money, that's it's what bank of america is saying, the bank, the money printing is creating a wealth and income, get the language at the fed use that j. powell and his predecessors will use to disguise the fact that this is a wholesale rip off is saying we're trying to create inflation. that's the lie. that's the, that is the basic malware just lot. the other lie is, you know, this sort of political war culture war going on is that, you know, when there are people who say make america great. again, these are people who tend to be older. it's not like 20 year olds born at that point. you know, when it was already a very unequal, there are people with memories of this decades of, of more equal sort of society and where the top didn't run away with all the wealth

and at the fed wasn't intervening like this non stop to rescue the markets partly because we had a gold standard for so long into that early period there. but so when, when people are longing for a past, what they're longing for is that sort of where this wasn't happened, where there weren't lords, nobody likes the lord, nobody likes an aristocrat. we fight a war over that. and we have them back now. but now it's like call the meritocracy and it's corporations have the right to exclude you corporate, you know, we have the right to live this way and blah, blah, blah, you're a deplorable so you know, it's now couched in the near futile language is more, it's harder to pin down, right? it's harder to have an enlightenment against it. right, well, make america great. again, those 4 words are arbitrary in the hands of propagandist. that's 4 words uttered could have been feed parakeet stale bread. and that would have also been

interpreted as wildly inappropriate by a presidential candidate and a, and a president in the face of this synonymy, this wall of propaganda coming from the tim cooks of the world who get the transfer payments of hundreds of billions of dollars that they simply pocket or the speculators, and like warren buffet and blackstone group, who also just get a free transfer payment and just put in their pockets. right? so, and they control the media. so it doesn't really matter what those 4 words could be . it doesn't matter what anybody says, if you control propaganda, you control the reality of the markets. you control. the reality of the markets brings me to this last one because like with futile, isn't the old pupils and you had these structures. you had the obvious signs and here's the castle, here's the king. you know, you saw that. what to fight against. now they say it's free market. this is meritocracy. how can you fight this? this is like the way it should be. well,

we no longer have free markets based on fundamentals. there is only the fed with its ever expanding balance. she levitating these fake markets with his anatomy, a fake money. do you think they will paper? and he uses that chart of the s and p 500 meets the feds balance sheet. so they're the ones creating these aristocrats, they're the ones causing this. and they obviously with their propaganda what they say over and over that we're doing it to help the poor, the unemployed. the people who don't have jobs anymore because of cobra were doing it because of cobra doing because of the financial crash for doing it because of the property market crash. the subprime meltdown is always something that they're doing this for it to help the poor. right? well, i see what's happening in australia instead of tapering their quarantining, their opening camps. right? isolation camps are doing these kind of in prison camps and they're giving people one hour a day out in the yard exercise. they're turning into a penal colony from where it started, but that, that, that's the central bank,

and that's being replicated around the world. every central bank of the world, instead of tapering, will open prison camps. that's like, well austria is doing it so i don't, it's not a m, that's not a, it's not a fairy here. i mean, that's exactly what they're doing. i mean, i was telling, remember, a year ago with steve came on the show, their property bubble was an enormous bubble. and he kept, but they kept bailing it out with more money printing again and again. and again, the one's going to pop one's going to pop. we're solution is we're not going to raise rates. we're not going to bring saturday. the markets. there is no meritocracy. we're gonna, we're going to open camps. that's what they're doing. well, you know, the fed says they're going to start to taper, and this is something that's the case report as reported on for almost a decade. was it? yeah, over a decade since they started, the quantitative even started causing us bank of america said though greater wealth and equality started doing that. we said you can't taper ponzi and this is a ponzi scheme. and we believe those continuous and whether or not they open count will still be reporting there were in all the great camps of the world, right?

remember tapering, all set you free. it's, it gets logan to the camp, right? we're going to take a break. and when we come back, much more coming your way, the me, ah, the war on drugs started as a way to come back, a great problem. what's the one? it's part of the attitude of the nation, not just of north dakota. and it got to be something that you could get elected. this time, the fight against drugs took a tragic, told us that andrew was competing short form. this is way too dangerous for him to be doing. clearly they put him in harm's way. a rural college student does interest get shot in the head and found in

a river like something else had to be happening. join me every thursday on the alex salmon show and i'll be speaking to guess in the world, the politics sport. business. i'm show business. i'll see you then me the me welcome back to the guys report, i'm back guys are time now to return your conversation with david morgan out of the morgan report. david, welcome back. max could be back. all right, less i want to pick up on a comment made the 1st segment talking about j pals. recent testimony saying things are great, no problems. but look, we know that that's a lie because if things were great, they would not be buying billions of dollars of the treasury is every, every day, every month they do it because things are not great. they don't do that because

it's good for the economy. they do it as a measure to stop the inevitable, which is that all banks in america are technically installed and how does it get away with that live david? good asking us is, i don't know max, it's just like i said early, i'll just reiterate a little bit from the 1st. second. most people are too busy trying to earn living, to understand what an interest rate does. what the purpose of it is, how it's set, you know, it's dana debt market didn't understand a corporate bond from the treasury bond. so most people are oblivious to the financial markets, yet it's a huge segment of what makes the world around these days. i mean, really robust physical economy where we're really working hard, produce a lot of stuff and everybody's happy and you've got low inflation and you know everyone's life set or living is good and getting better about 4 percent devoted to financial markets. so we have some, you know, we can all of the insurance companies and the health care system and insurance

companies like 40 percent as crazy day, once again, start talking about tapering the expansion that they've been saying now going all the way back to bernanke gig. really going all the way back, the greenspan, and again, the media buys it. they seem to think that that's a viable option. we know that you can taper a ponzi scheme. we know that there's never going to be tapering on the agenda. i mean, it's like going into some kind of hard core prison and expecting to find a loving relationship. that's not what's gonna happen. and that's what the central bankers are dealing to america every day, forcibly and, but nobody seems to care. nevertheless, gold, which is to go to commodity in times of stress over the past 10 years is down 3 percent or more. what, what happened gold. david, what's the latest on the best foot round of us but certainly not

reacting as you would expect. i mean, i will give you that, but you know, i kind of taken a bit of a deep breath and reevaluate you know, what do we really expect and knit barish up, get a nice review the gold market. so if you take the gold market from 2000 to 2020, it has add a compound annual growth rate of 10 percent that's come out. so we've gone from $250.00 to roughly $1800.00, so it's done its job. it is actually maintain your well yes, we've had several years where it went down. we had several years, 11 years rower went up. so on balance from the long term perspective, goals actually done that job is doing his job right now with all the inflation and commas. we see throughout the markets, the debt markets, the stock market, the currency markets know it's not, but it has a tendency to catch up or leave. it's not leaving right now. obviously,

maybe golds there are some more depletion in the imminent future. i don't know, but that's my answer. i think it's, you know, even i've expected probably too much out. you know, it's not there to make you wealthy. sort of protect you. wealth is actually done that in real terms, the real inflation rate by john looms is about 9 percent. so a 9 percent inflation rate goes down 10. it's maintained your purchase, right? and in any other currency about the us dollar dollars, it's actually done fantastically well. if you look at a country like argentina, brazil, all these other countries that are actually bring hyperinflation in a gall, this maintaining purchasing power. i mean, the only thing you want with goal is to maintain purchasing power. that's what, that's what you get with goal. and you get it for thousands of there's he maintained purchasing power with fear money. you're guaranteed to lose purchasing power. that's in historical accurate trip for 300 years. no fee money has gone against the basic fact that you will lose purchasing power sometime between 98 and

100 percent over 300 years. now, not none of them have escaped us. now with big coin, of course are guaranteed to increase purchasing power. it's a mathematical certainty, and that's why people, especially the jonesy and the millennials, are flocking to big coin and given the uncertainties in the world and the ramp and runaway inflation, one can understand why over the past 10 years, bitcoin has been compounding it. 200 percent a year because it's reflecting already the hyper inflationary collapse of the dollar. in addition to being on campus cannibal, portable more divisible and censorship resistant on top of its ability to guarantee the increase of purchasing power. why are you not buying more bitcoin, david morgan? well, i am. we did by the 3rd a good time. and we have a couple more ways to invest it. so i finally, i guess,

drake, the crew laid as others might say, i'm not a purist. i think you should have a diversified portfolio, certainly to deny the watch in technologies, but you're in the san definitely. i would like to say something about the silver market. because you know, my propensity to think through the silver market. so, you know, there's a possibility of having an f d n 21000000 bits. and i didn't check the price today. where are you near 50000 or so? yeah, well just use that as a, as a number. sure. okay, so, but in the silver world, the silver market is commercial bars, the 1000 out of bars, and there's only $2000000.00. so there's one last silver. if you don't notice the commercial bars, there's 110th as many as are bit points, and it's half the price $25000.00 per unit. so big about how rare big point is should be the silver markets. even rare, right?

well, with the coin you have absolute scarcity, whereas with silver market you have relative scarcity, right? there's always going to be more silver and as the price goes up, technology improves, which gives you even more silver. so it's not absolutely scarce. the similarly with ether, there is now been never been an audit. there's nobody knows how many either there are, it's highly centralized versus decentralized and transactions are routinely reversed . so it's what we call garbage coin. and a b unit bias is sites where people, so for some reason like the flock to that. but i equate it to a very bad kind of toronto based mining stock penny stock, that people flock through even now it's just a guy looking over a hole in the middle of the desert. they still give them millions of dollars, so that's ether. but i, i, i appreciate the fact that you're slowly getting moving toward the, the actual big coin that would set you free from, from the constraints of being trapped in, in a certain mindset. but let's,

let's keep on because you're a guy who know stuff. let's talk about commodities and let's talk about supply chains. they've been breaking down. and the problem seems to be getting worse, especially with the supply container ships to get supply to the shelves, right? you mentioned in our earlier talk there's people who don't know the difference between inflation driven by money printing and inflation driven by supply chain disruptions. let's talk about the supply chain disruptions from my point of view, from what i say, it looks like a chronic problem that's getting worse. what, what do you see? i see the same thing, but just specifically look at those for a while. you know, there's been locus, there's been whether there's been paid to not grow. there's been a multi walked wall amount of factors that have curtailed the food supply across the board. ready and then on top of that, you put the shipping problems in with the containers that are not as available as

they could be. and people want to pay after nominal rates to get their goods to the front line. we've got a real problem and i think it's going to compound, you know, i love to go back to john tanner's collapse of complex societies. and the more complex system is, the more points of they are there are. and we're in multiple points of failure in almost all of the structures in this modern society. and we are in and is a global economy. and we have to be cognizant of that just because, you know, we want something that we think we should be able to get the drugstore. most people don't realize about 6070 percent of that. okay. from china in one way. shape or form. yeah. might have a us label on what was produced overseas summer right now. you and i both sitting in front of the camera with bookshelves in the background. the difference being is that i believe you have probably read all the books in your background, whereas i've not read a single one of these. i think people need to take note of that. that's why your

answers are as good as they are. that's why you're on the show. david morgan, you actually read books, which i like now. so supply chain is breaking down and china's up the upper hand. you mentioned taiwan, an earlier episode that we did. let's do a little wargaming here. so i want to get 80 percent of the world chip market. chips are kind of the new oil. they're the thing that keeps the modern economy going. america, it looks like it's collapsing. the travesty and car ball is a big signal to the world. as you point out, is the saying, you know, we can walk away from the petro dollar. are you hinting at that taiwan could be in play as we are hinting in? and i, if i knew more, i'd say more max, i prefer being right and wrong, but i'm not afraid to sit my neck out as you well know. i think it could be the other thing about the semiconductor market. i've gotten some mixed signals here lately. i am unable to follow through to be certain. so i don't like take one data

point and say, well, you know, i need have more information. but a fact is that some i conduct a world i didn't know too recently takes $44000000.00 ounces of silver per year. right. okay. so, and also the solar industry is incredibly silver intensive. okay, let's get back to the silver david. why silver so so sluggish, because it's got industrial use. it is relatively scarce. people nader no inflation hedge and it's sitting there like a dead duck. what the heck is wrong with it? lack of knowledge. i mean, so few people think of it as an asset class. they want to be involved it. i mean, if wall street was bitcoin really took off, i was riding the more than a florida course and i've made the not so adept statement that wall street has caught on. the bitcoin watcher or wall street gets behind something. it's really going to go, went from 11000 what they had test year 60. i wasn't surprised at all when you get

what the wall street ever got behind silver were ago. but it's basically something you have to ferret out on yourself on your own. there's all the sexy criptos out there. some merit some without. but it's a new place in the course. the social media has such a wide base, especially among millennials in gen g. and it's kind of fashionable people wise to work and heard even though they think they're independent, most aren't their followers, not leaders. and if everybody's by an x, y, z crypto, that's the place to be forget about silver. and then you look at it, you say come on, this thing hasn't done really anything. it has compounded at 9 percent per year. taking the same analysis, i said, i'm going to go on gold. gold done a better job of preserving you with the silver. i think silver will take off still, and it's not because i'm addicted to being right. i've been more, you know, on balance, probably 5050. i don't know. someone could make up my track record. the point is 10

years from now, the industrial demand for silver projected be 80 percent of the market. and right now it's 50 percent market. last year math. we had record silver purchases by institutions. good year, silver market sells 122200 1000000 ounces of silver. the retail mark and 2020 was 200000000 ounces of silver and the institutional side was 320000000 ounces of 520000000 ounces. so absolute record beyond belief last year in 2020 in the market did go up. i think scott meter did what he said when he was a dab i was mid in on world economic forum in january and said his go to invest with silver. i think to all 2020 he was fine. that's my conjecture. i can prove it . we have been on track about the same rate so far, halfway through this year. so something's got to give the paper paradigm can only work for so long. i'm excited. those are some compelling numbers. david morgan,

i like it. well, i think you might be on to something. thanks for bringing cars. report. my pleasure, ma'am. thank you. i'm not going to do it for this edition of kaiser report with may max guys, stacy, herbert want to thank our guest, david morgan, the morgan report until next time, by the name. ah, when i would show the wrong one, i'll just don't. the world yet received out the scene because after an engagement equal betrayal, when so many find themselves will depart, we choose to look for common ground in

german, daydreaming, shaped by those in me. i think we dare to ask me ah, i was begging to go to one tunnel because what i've seen and witnessed was so destructive to this day. i haven't, i can't sleep the 1st 7 in depth investigation. so you that into the victims of america's brutal war on terror with a line girl now by the us from i got a son, was him beg.