the ah the ah, ah. the imac either this is a cause a report you know lot of people see me on tv ripping out money like crazy wondering

why are you doing that? isn't that crazy? oh boy, i got a story for you, stacy. well, let's look out some epic mind blowing. actually money ripping. this is a mind blowing graphic in today's times on what? $85000000000.00 worth of last equipment means in practice for the taliban full just name a few of these taliban new arsenal. they have 8000 trucks, 22174 humvees, 126200 95 pistols. 33 helicopters, am i 17 as well? some other aircraft, right? well, this is a problem when you can just print money for free, right? with big coin, it's called proof of work. and you have to actually have a working network to produce it similar to like a gold standard, but on a pure of money standard where the central bank can just print billions and trillions of worthless paper money. it allows them to do things like we're going to fight terrorism by invading

a sovereign nation and giving them $85000000000.00 with the weapons of mass destruction and see what happens. right. so obviously that's the same thing to do. but the money like the us dollar and others encourage is insanity. and that's my so many people are finding it difficult to survive in this world. yeah, a few things because i these same weapons, contractors, finance, the cable news and you've got to put on a show. so like when floyd may weather fault, what for jake, paul? there were many who said, he obviously held them up to make sure you keep on fighting because people were paying big bucks for the live stream for it to be in the stadium and things like that. so you've got to solve the michelle, you've got to make it to like it's some sort of competition. and the other thing is like just compare this to the programs that with huge fanfare on the same cable news channels are saying like were helping all the people of america. so they get $85000000000.00 worth of equipment. the taliban. remember the rent moratorium?

well, we paid the rent, we were, we allocate and funds for the rent and never made it there of course, but $47000000000.00. that was 85000000000. this is pretty substantial. they want to tax crypt crypto for $30000000000.00 over 10 years. so this is to show you the 5 how much, how much gear we gave the taliban. it's all about proximity. and as we've talked about before, the can tell an effect. if you're close to the central bank, you get the money 1st and you get to put it in to things like assets. and then as the money works is right through the economy. those assets go up a lot. and this is how the wealth and income gap is created, but there's also the proximity of the military, right? the joint chiefs of staff and the general, they are right there on the white house. so they're all day long talking to congress people and they're talking to the media and they're talking to president, getting more money, get my money. they don't say why they want more money. they have no mission. they

have no purpose. they have no agenda. they have no plan, but proximity to the money makes it easier to get lots of money. of course, they pay themselves lots of money and there's no richer zip code in america than the ones around the military industrial complex and washington d. c. thanks all the money they get because of the proximity, they are to the money. and then when catastrophe happens, they just walk away and say hoops. speaking of the white house and the military industrial complex in the white house, lieutenant general michael flynn was in the white house. he served under obama and then, sir, for a few days, under trump, he was the head of the counterterrorism in afghanistan and iraq under obama. so he was there allocating a lot of these resources messing up a lot of these resources. but this is an important story because this is like senior senior senior guy connected guy, a military guy, you know, and listen to this breaking chase. bank councils is credit card accounts with gentle when citing possible reputational risk to their company. in case there was

any doubt about what is happening in this country and it says we are closing your credit cards. after careful consideration, we decided to close your credit cards on september 18th, 2021. because continuing the relationship creates possible reputation on risk to our company. the letter allegedly says, and on top of this, the daily mail did cover it, and they say, chase sends a letter to general flint wife telling her they're cancelling her card because she's a reputation or risk to the bank. them backtracks and claims. it was an error, and this is all coming from general flynn and his wife. so just bear that mind. but nevertheless, this is what we said here on kaiser for a few years ago is 3 or 4 years ago. we said once china introduce their social credit score, that it will be coming to america. and if you think that you jo bag, it don't sitting out there and you're so folk working from home is going to somehow

be immune from this. like if they're doing it to somebody like this. sure, general plan is a bit wacky, but the fact is like he is a powerful guy by chase. chase bank. we mean j. p. morgan chase? yes. run by jamie diamond. right. course jamie diamond, a big coin. and now we know why, because we're big coin, it can't sense or a transaction big for political means for lens. true back over there at this bank chase. he can censor general f one by cutting them off from his credit card, which is a form of censorship. which is violation of the 1st amendment, right? freedom of speech. so it's at the constitutional is breaking the law. jamie diamond again, remember he's paid hundreds of millions a few billions of dollars because he's been a receipt of his law breaker for years now. and that's is, that's his party trick. when he shows up somewhere in the hamptons or new york, they say, hey, jamie, hi, nice to see again. jimmy here can spell backwards. what can you do? i can commit fraud and i have to pay a small fine fair. just pay my slip

a $1000000000.00 from committing fraud. i'm jamie berman reporting trick. right? well, unfortunately, when you undermine the country like that, the country is going to go into the garbage. jamie diamond party trick is i'll just show you this simple google search. what it gave up just for the past year. if you search for j. p. morgan, and that is j. p. morgan to pay $920000000.00 fine for manipulating precious metals . that was september 29th. 2020. and on november 24th 20. 20 us regulator. find j. p. morgan chase $250000000.00 for fail. oh, all at 1.2. $1000000000.00 and $5.00. yeah. ok. he gets away with it because the government relies on jamie to do things like sensor general friends in overt action of political corruption, overt political corruption. the time at the us says that they invade countries to stop or we're going to invest this country and spend billions. we don't pay that

country, we need to protect the women. then the babies. oh here's a guy is openly corrupt and spending billions and stealing and censoring and breaking the law, but he's all on we look jamie oh, we love jamie. well, of course we do have censorship resistant money now which is bitcoin. but in terms of this, obviously it's a hyper partisan sort of environment, especially right now in the united states where we're observing. and there are a lot of people under this article and they're really happy like half the country is super happy and think so should happen. yet so say people will look at china's say that's who knows, like if you can just observe other countries who, what would be tolerated their own, maybe that would provide some more understanding, nevertheless, like in this situation. so if indeed, general plan is a risk to their reputation, how about his water company or his phone company? his gas company providing heat for us has the electricity. why, how about clothing?

should he have any clothes like what it, why should he be able to wear any brands? right? like where does a stop, what? what's the end of this road of the social credit score? it doesn't stop day. now just slippery slope and every utility, every interface he has with the economy is subject now to be terminated on a whim for political reasons and to be completely corrupt. and it is like the chinese social credit score. and if you comply with the state and you are part of the collective and you have your little green jacket in your little red mal book, then you'll be allowed to get a protein pell and survive and other 6 hours. if you want to express your rights under the constitution of the bill of rights, you're considered by this government that's running the show here in america today as an enemy of the states. the constitution has been outlawed in america. and i think the people who share that on are the same people are going to come crying to the big coin earth and saying i can't afford my bread anymore because the inflation

because of all the money printing by jamie diamond to bail out of his friends and i can eat and i'm starving. but of course my answer to them will be ha, well this sort of authoritarianism and his mindset is setting in just like the mindset of inflation. the principles don't actually matter. so let's look at a headline from may 2021 china. the social credit system ranks citizens and punishes them with throttled internet speeds and flight bands of the communist party teams. them untrustworthy people be punished if they drive badly by too many video games or steel. it's not yet a unified nationwide system, but china plans on eventually making it mandatory for everyone in their own documents of 20142015 when they release as they say, this is in order to you know, to, to abide by the principles of the socialism and communism. whereas everybody knows like, they're not even communists. a communist or socialist right there over capitalist.

that's because there is no i id, ology of communism. behind this they might call themselves a communist party and you have to pledge allegiance the communist party. but there is no communist party for real. and yeah, you got to look at the history of china. they have a long or a long, multi 100 year, a 1000 year tradition of entrepreneurs building up the economy. and then the, the state coming in and destroying it and shooting itself in the foot. south entrepreneurs in the ninety's and the 2 thousands built up the economy in a strong way. so we can, i'm, i'm sure that china will kind of shoot itself in the foot. i'm more concerned with the u. s. torching the consultation. that seems to be a more pressing problem. we're following them as we warned, like when trying to 1st announce us that we suggested based on what we're observing on the cable news that the demand for the similar situation would be here in america. and sure enough the d platforming started accelerating. so the did monetization and now cutting people off from financial services. so let's look what

they do in china as well. and how you could imagine that here with negative interest rates and cbc coming well, other potential punishable offenses include spending too long playing video games, wasting money on frivolous purchases and posting on social media. what happens when j pal decides that your purchases are frivolous that month and he like, take some out of your cbc account, your social by digital currency account, right, exactly, to, to still be a nightmare, very chinese and that respect. now let's go back to america 1st, so i can, you know, it's built with checks and balances throughout the entire system. you've got various branches covering the freedom of the press and other things. one of the ways that the america kind of saves itself is another checks and balance system. we have a lot of power in the states, and we saw that in the civil war, no other way out of civil war. and america may go into another civil war situation where the states, who are going to abide by the constitution are on one side of the civil war. and

those who want to become chinese social credit score mimics are going to be on the other side. i think you know which side of the up and i'll have all the bit going, hey, we're going to take a break and when we come back, much more coming here way. the me i think was due by the deed and gets up again. it was a great decision over the last 30 years. it's, it was the 1st decision which didn't follow the course of the event. and history was an attempt to change the course. and the biggest task on the paper is to contradict history, is to change the historical part from the national 4 important what actually job wide indeed the

psychiatric 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. suddenly stopping a drug can cause withdrawal symptoms more serious than the condition it was meant to treat instead of beneficial effects of these different medicines, any up to something wonderful, very often they're harmful effects and up to something terrible can pills. so of all ills are trying to mitigate life itself. i just think i was like i was just scared, scare a little girl of 24. and like i didn't have to be so complicated. the me welcome back to the guys report. i'm

as guys are time now to turn to mish shed, lot of miss talk dot com miss. welcome back. it's a pleasure to be back around the guys or show it's been a while, so it's good to do good to see you and stacy, you know, we've been following you of course, as always and need to pick your brain on some things. there. stock markets and property markets are all time highs. shipping rates have gone parabolic shortages are everywhere, driven in part due to record demand, but also a shortage of workers. what's going on then you get the word, it's transitory. max. now the question is transit story to what the fed does, the bread like that is trying to make up for past inflation, which is absolutely crazy. if you look at the housing market or the stock market, we don't count that there way. we just, we just count the consumer inflation, not monetary inflation,

not housing model or not for the things that matter the most, they actually. so if you believe the bad and the last inflation is running, oh, little 5.4 percent or so year over year on the c b i. but all that does is just make up for early negative grass inflation at least. so the buyer, i don't buy macs, i don't think anybody with like amazon to buy something that's new. as far as i know is this work or shortage driven in part by the transfer payments that are coming from the government and workers deciding it's better to stay home. they make more staying home than they were making minimum wage at the job. and they were saying it show up in real time, you know, you go to the store, went recently to some stores and they just don't have people working there. how, how are they going to get out of that? is that just mean they're going to, is that, that kind of a substitute for mt? haven't they? haven't the introduced m m k stealthily miss?

essentially what it is i've not heard of describe. and that way. it's also what andrew yang proposal to give everybody. fremont, there's been going quite to everybody, but it went to almost everybody. we had 3 rounds of stimulus to did that. and then they continued this with, you know, pandemic unemployment benefits essentially paying people not to work. of course, there were 2030 states maybe that said, you know, enough of this were going to end the span damage benefits. and just walk workers returned in those states big time, but didn't in the places where they kept the benefit. this is all going to and

of course, depending on what the democrats hide or get passed in this $3.00 trillion dollars, stimulus backers that they're working on. and the amazing thing about that, max is, i keep saying these reports, we've got an outline, we got, why? i go look for the outline outline. there's no one knows what is in this thanks because it's been at the mercy of a handful of accuse me of to republican senators and a handful of house representatives. so they're really just starting to work on this outline and we're not going to have it until the end of the month. well, you mentioned working there and people deciding whether to go back to work and go back to work in the asset world where we seeing price appreciation going up 20 percent a year or more due to the money printing and the content fact or all the asset holders get the money 1st. they don't work. they just sit on assets,

then you have another class of people who are now sitting at home. they're not working either because they're getting free money, but it's that it's the same there too. we have 2 classes in america right now that don't work, hedge funds and transfer payments recipients. we have 2 distinct classes that don't work and to get the asset guys to work. how do we get them to start working again? because all they're doing is just a raunchy economy and it just ripping people off the hedge fund world. how do we get them back into the workforce mash? i think the distortions are going to continue actually max until we have a huge correction in the stock market. but, you know, as you know, i'm not exactly a profit here. i, i never thought ever thought that we would blow another bubble again as big as we did kind of mutual cooperation. the ben

bernacki one said that the only 3 are paying into the matter or the fed, the vice chairman of the fed and the president of the new york bank. i think the new troy is jerome file, the fed chair, you know, janet yon and they, of course, congress is in, on this with, you know, these best all stimulus packages that never got to hand. and the most disturbing part about the proposal on deck from the democrats is, is this energy tax matched by a see are pushing for 80 percent clean energy by 23rd, right. this anyone? what side?

the progress thing. but this is actually possible. and if so, what inflation is going to result from it. i think that's the ticket to stage lation. we don't know what classes yet. we don't even have an outline. but that's the big share on my mind here is, is something completely on the same passed by congress or going to see state for playstation from it. and of course tags, lation is increased inflation and lowering of gdp simultaneously. in other words, it's very recessionary to really get into this, you need to kind of do a forensic look at the numbers. and of course you always do a great job. looking at the numbers over there, mesh talk dot com. you wrote recently that quote, housing adjusted real interest rate sank to a record low negative 8.5 percent. all right,

so what is exactly, does this mean elaborate for our audience? how you get to a negative a point 5 percent and why? what, what this means, the fred says the, the cpi to be says the c b i and the fed project that inflation is 5 percent year over year. ok. 5.4. actually the that's as of june they if you put housing end of the picture, keisha or home price index was up over 18 percent year over year, 18.6 percent year over year honors equivalent rat, which is the mythical price that people would pay if they ran their own house for themselves. unfurnished without rent was only up 2.5 percent. i believe it was year over year. that's the largest component of the cpr by fall 24

percent. if what i did was said ok, let's substitute housing prices back in there. so instead of going up 2 and a half percent, we look at prices going up 18.6 percent and 24 percent of c p i. now you're talking interest rates, a negative interest rates, not negative 5.4 percent, but negative 8.5 percent roughly. and that's all i did. there's so many things, you know, of course housing bottles aren't reflected in the cpi and that's the spotlight is all wrong. everyone looks that consumer price inflation, that's what matters. it's inflation that what matters. so economy is running the bank of international sediments as come out many times and it and is,

and has talked about that deflation or negative prices that the consumer level isn't really even what matters. it actually gets more good to more people standards of living rise when, when goods are cheaper and more people have access to them. bad is help on, on producing a rise in the cpi which it now has. but still it's happening with because wants to make up for lack of lots, inflation, you know, it's, it's crazy. so how long is his transitory for it's transitory until we have the next crash, or until democrats do something even sillier, which is put this energy tax on driving a prices for real rates, negative 8.5 percent. so you take the 10 year interest rate and you subtract the inflation as you're describing it. if you add back and the things they should be

adding back in and you end up being actually not everything. right? and you end up with a negative 8 and a half percent of the real rate. the most shocking negative rate we've seen. and so this is something that the fed is telling us they're trying to fight. they're, they're trying to tell us that this is not the outcome that they wanted. right? so you're saying it's not exactly that match what they're saying is it's transitory that it's ashley, welcome, paul, use the word welcome or hiding under the fact that they don't think this is going to last. well, if all prices are going and 18 and a half percent max and the mortgage rate is only 2 and a half percent is really one. or we have a bubble in the money printing that there,

that they are engaged in is making the interest rate go morning negative. so they're more like they're, they're in same. it is also convoluted. it's because it's hard to get a grasp on this. i don't think we're going to have more on this inflation picture until we say what the democrats propose and whether or not it passes. but depending on what they pass, i'm looking for a nasty balance tagline. so is that the resolution of the great inflation, deflation debate we've got about 50 seconds left and segment, why not carry over for segment to. but is this the great inflation and deflation debate we've been covering with you for 15 years or so on? is it, is it gone all resolved in a massive stagflation? is that the end game? i don't know, because we don't know, we don't know actually what they're going to pass. you don't know how the fed is going to react when they do that. and certainly if interest rates start going up,

i think we're going to see a stock market crash. of course, i've been talking about this for a long time. a crash itself will lower the demand for housing. so i don't think, i don't think this is resolved. it is not yet clear that stagflation is be, is the scenario. what happens to the stock market? and, you know, we need to see then a stock market trash is very, very deflationary for all kinds of reasons. ok, well, quite a cliffhanger. we're going to carry that over to a 2nd segment for now. thanks for being a cause report mesh. always the pleasure of a max. pay for having. and that's going to do for this edition of kaiser report with may max guys are in, stay here, but want to think, i guess miss shed lack of mesh talk dot com until next time via the me ah,

ah, the drug 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 for me. 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 that. something else had to be happening. the ah

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above me and the taliban celebrates, taking full control of afghanistan after defeating the last pocket of resistance. although anti taliban fighters claimed that they still hold parts of the eastern conjure problem. so by these approval rating drops to the lowest of his presidency, following the chaotic us withdraw from a couple and the pull out is even testing us relations with close l i. britain as the case defense minister tasked with doubt on america status has a global.