in cataract drugs are essential for millions of patients or are they, they want that pill that they hope will take care of their problem thoroughly and rapidly in the short term they really work. the problem is, in the long term, they're mostly disastrous and suddenly stopping a drug can cause withdrawal symptoms more serious than the condition it was meant to treat instead of the beneficial effects of these different medicines ending up to something wonderful. very often they're harmful effects and up to something terrible. can pills so of all ills? or are we trying to mitigate life itself? i just think i was like i was just scared scare little girl. the 24. and like, didn't have to be so complicated. the

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 for 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 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. it's not coming from any conspiracy theorists 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 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 tact 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 kirk 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 it 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 rents anyway for the past year and a half, only for $1000000000.00 of it made it. so where does all the, where does 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. stockbroker 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 your order? so the only difference between tim cook, it apple and somebody living in a development project somewhere in, in the poor zone, is that jim 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 then in a cash amount, by the way, like you did last week. and i make many, many billions of dollars, but they're both essentially petitioning the federal government. there is 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. 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 bright 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 wealth, an 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. got 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. st 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 su nami, 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 feudalism, the old feudalism you had these structures. you had the obvious signs of. 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 passing this and they obviously with their propaganda what they say over and over that we're doing it to help support the unemployed. the people who don't have jobs anymore because of cobra were doing it because of cobra. do 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 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 theory here. i mean, that's exactly what they're doing. i mean, australia, 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 as 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 the case report has reported on for almost a decade. was it? yeah, over a decade since they started, the quantitative even started causing us, bank of america says, greater wealth inequality started doing that. we said you can't taper ponzi and this is a ponzi scheme, and we believe both 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 of the camp, right? we're going to take a break and when we come back, much more coming your way the me, ah, join me every 1st on the alex simon show. when i was speaking to guess in the world, the politics sport. business. i'm show business, i'll see you then me the mark market function you would like to get some idea of who definition me what to do.

and john got that. i've got that limit and i wanted them to go back to the left me about the less about i get up there for us. let me the me welcome back to the guys report. i'm as the guys are time not returned your conversation with david morgan, the morgan report, david, welcome back. max can be back. all right, less and i want to pick up on a comment you 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 with 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 fall. and how does he get away with that live david? good asking lessons. 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 set it on a standard debt market. they don't have 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, physically 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 lifes, set or living is, is good and getting better. now about 4 percent is devoted to financial micah. so we have some, you know, we can all the insurance companies and the health care system and insurance companies like 40 percent is crazy. they once again, start talking about tapering the expansion that they've been saying now going all the way back to burn anchoring 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't paper 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 hardcore 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 happen a gall 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 nit barish up get a nice review of the gold market. so if you take go market from 2000 to 2020, it has to 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, a 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. so to protect your 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 it, it's actually done fantastically well. if you look at a country like argentina, brazil, these other countries that are actually bring hyperinflation in goal of 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,

you maintain purchasing power with fee out money. you're guaranteed to lose purchasing power. that's in the storage. all 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 to 100 percent a year because it's reflecting already be 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 block in technologies, but in your head, in the sand. definitely, i would like to say something about the silver market domain 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 and those. so there's one last silver. if you don't notice the commercial bars,

there's 110th as many as are big points, and it's half the price $25000.00 per unit. so big about how rare big point is solar markets you've been rare, right? while with because you have absolute scarcity, whereas when solar market you have relative scarcity, right? there's always going to be more sober. and as 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 a garbage coin. and a b unit bias is sides where people, so for some reason like to flock to that. but i equate it to a very bad kind of toronto based mining stock penny stock. that people flock to even now is just a guy looking over a hole in the middle of the desert. they still gave him 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 and we're just specifically look at food for a while. you know, there's been locust, there's been whether there's been paid to not grow. there's been a multiple,

multiple amount of factors that have curtailed the food supply across the board. 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 astronomical 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 failure there are. and we're in multiple points of failure in almost all of the structures in this modern society. and we are interdependent 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 it. what was produced overseas somewhere 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 got 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 new oil. they're the thing that keeps the modern economy going. america, it looks like it's collapsing, that the travesty. and cab all is a big signal to the world. as you point out, is the saying that, you know, we can walk away from the petro dollar. are you hinting at that taiwan could be in play as how we were hinting in? and i, if i knew more, i'd say more mac, say prefer be in right and wrong,

but i'm not afraid to set my neck out as you well know. i think it could be the other thing about the semiconductor market. i've gotten some mix signature lately and 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 commission. but a fact is that some i conduct a world i didn't know to recently takes $44000000.00 ounces of silver per year. right? ok, so and also the solar industry is incredibly, solver intensive. ok, let's get back to the silver david. why is silver so? so sluggish because it's got industrial use, it is relatively scarce. people nader no flash and 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 or want to be involved it. i mean, wall street was bitcoin really took off. i was writing the more than

a florida course and i've made the not so depth statement debt. wall street has caught on the bitcoin watch out on wall street, gets behind something. it's really going to go went from 11000. what the fibers thing a test year 60. i wasn't surprised at all when you get what the wall street ever got behind. silver looked ago, but it's basically something you have to ferret out on your, on your own. there's all the sexy criptos out there. some merit some without. but it's you new place in the course. the social media has such a wide base, especially among millennials in gen d, and it's kind of fashionable people like 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 said, come on. this thing hasn't done really anything. it has compounded at 9 percent per year. taking the same analysis i said a minute ago on gold gold done

a better job of preserving you with. ready the children, i think still or will take off still at us now 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 silvers projects be 80 percent of the market. and right now it's 50 percent market. last year, mac, we had wreckage, silver purchases by institutions of good year. silver market sells 100. 20 to 200000000 ounces of silver. the retail market. 2020 was 200000000 ounces of silver . ready and the institutional side was 320000000 ounces of 520000000 ounces. so absolute record beyond belief. last year in 2020. and the market did go up. i think scott meter did what he said when he's a dab. i was minute in on world economic form in january and said his go to invest with silver. i think to all 2020 he was buying. 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 a cars report. my pleasure back. thank you. all right, that's going to do for this edition of kaiser report with may max kaiser and herbert want to thank our guest, david morgan, morgan report until next time via the me. the only one main thing is important or not as an internationally speaking, that is a nation's allowed to do anything. all the master races and then you have the minor nation. so the slave, the americans, brock obama and others have had

a concept of american exceptionalism. international law exist as long as it serves the american interest. if it doesn't, it doesn't exist. like turning those russians into this dangerous go. you man, that wants to take over the world. that was a culture strategy. so i'm going into a new one. i english g i, b, i not leashed to austin one tablet block. nato could. it's our, we move east. the reason us had gemini is dangerous. is it the law? the sovereignty of all the countries, the exceptionalism that america uses and it's international. war planning is one of the greatest threats to the populations of different nations. if nato were disbanded, shareholders in the united states and elsewhere in larger companies would lose millions and millions or is business and business is good and that is the reality

of what we're facing, which is faster than the ah ah, i was begging to go to one tunnel because what i've seen and with this was so destructive to say i have to, i think was coming up the 1st of all in depth report from the victims of america's brutal on terra following the us. well, that's not gonna stand my grand town and detain a bag. the horror stuff. they had a woman in the next room that said we meet with my wife and tortured with the different my children differently. and austin, we didn't think they are now. when.