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 been the same thing to do. but the money like the us dollar and others encourage isn't sanity. 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 are 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 machine, you've got to make it seem 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 allocated 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 you know, this is just 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 into things like assets and then as the money worked its way 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 in 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 a president, give me more money. 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, you know, speaking of the white house and the military industrial complex in the white house, lieutenant general michael flynn was on 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, military guy, you know, and listen to this breaking chase. bank councils is credit card accounts with

general 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, send a letter to general flint wife telling her they're cancelling her card because she's a reputational 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 as 3 or 4 years ago. we said once china introduced their social credit score, that it would be coming to america. and if you think that you jo bag, it don't sitting out there and you're so folks 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. from by jamie diamond. course, jamie diamond. hey bitcoin. and now we know why, because we can't account sensor or transaction big for political means. so lends show 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 recidivism law breaker for years now. and that's is, that's his party trick. when he shows up somewhere and the hamptons are new york, they say, hey jamie, hi and 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. they're just pay my slip a $1000000000.00 from committing fraud. i'm jamie diamond 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 2020 us regulator, find j. p. morgan chase $250000000.00 for fail. i was $1200000000.00 and $5.00. yeah. ok. he gets away with it because the government relies on jamie to do things like sensor general friend in overt action of political corruption, overt political corruption, the kind that the us says that they invade countries to stop or we're going to

invest. this country has been billing through and feedback going through what we need to protect when the baby. oh, here's a guy is openly corrupt and spending billions and stealing and sensory and breaking the law. but he's all 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 house the country is super happy and think so should happen. yes. so say people will look at china's say that 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, have 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 a 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 another 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 all his friends and i can eat and i'm starving. and of course my answer to them will be ha, well this sort of authoritarianism and the 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, a social credit system ranks citizens and punishes them with throttled internet speeds and flight bands of the communist party team. some 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 buy by the principles of the socialism and communism whereas everybody knows like they're not even communist the communists are socialists, right?

they're over capitalist. that's because there is no i, i the ology of communism behind us. 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 gotta get that history a china, they have a long or a long, multi 100 year 1000 year tradition of entrepreneurs building up the economy. and then the state coming in and destroying it and shooting itself on 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 china 1st analysis that we suggested based on what we're observing on the cable news that the demand for a 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 is 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 powell decides that your purchases are frivolous that month and he like, take some out of your c, b, c account, your essential buy digital currency account, right, exactly, to just be a nightmare, very chinese amount respect. now let's go back to america for a 2nd. 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 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. you know, we had a 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 why the make no, you know, borders and the blind number please. as emerge. we don't have authority. we don't, the whole world needs to take action and be ready. not a job. people are judge crisis, we can do better, we should be better. everyone is contributing each of their own way. but we also know that this crisis will not go on forever. the challenge is paid for the response has been massive. so many good people are helping us. it makes us feel

very proud that we need together in so what we've got to do is identify the threats that we have. it's crazy. even plantation, let it be an arms race is often very dramatic. development only personally, i'm going to resist. i don't see how that strategy will be successful, very political time, time to sit down and talk me only one main thing is important for not as an internationally speaking, that is a nation's allowed to do anything. all the master races and then you have the mind, the 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. i turning those russians into this dangerous man that wants to take over the world. that was a culture strategy. and go into noon. i english v i v. i not leashed it off in one tablet block, nato could it's our we move eastern. the reason us had gemini, is dangerous, is the lie, the sovereignty of the countries, the exceptionalism that america uses and its international war planning is one of the greatest threats to the populations of different nations. if nato, what is founded shareholders in the united states and elsewhere in large companies would lose millions and millions or is business and businesses good. and that is

the reality of what we're facing, which is fashion. the me welcome back to the guys report. i'm as the guys are time now to turn to mish shed log of miss talk dot com miss. welcome back. it's a pleasure, rebecca and the guys are show. it's been awhile 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 out all time. shipping rates have gone parabolic shorted years are everywhere driven in part due to record demand, but also a shortage of workers. what's going on?

then you get the word is strategy story max. now the question is transit story to what the bad it does. the fedex 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 way. we just, we just count consumer inflation, not monetary, inflation, not housing models are not the things that matter the most, they actually. so if you believe the bad and the last inflation running, oh, well i that 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 they buy me. i don't buy macs, i don't letting 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 m m t? haven't they haven't been introduced m m k stealthily miss? that's essentially what it is. i've not heard of. describe that way. it's also what andrew yang at this proposal. you know, to give everybody free amana there's been, go quite to everybody. but it went to almost everybody. we had 3 rounds of stimulus to did that. and then they continued as well. 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, we're going to end these ban demik benefits and just walk workers returned in those states big time and, but didn't in the places where they kept the benefit. this is all going to and of course, depending on what they democrat hide or get past in those $3.00 trillion dollars, stimulus package that they're working on. and the amazing thing about that, and max is, i keep saying these reports, we've got an outline we got while i go look for the outline outline there. no one knows what is in this thanks because it's been at the mercy of a handful of i excuse me, of 2 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, it's the same there too. we have 2 classes in america right. now that don't work, hedge funds and transfer payment 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. they're 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 where 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. yeah. janet yon and they, you know, of course, congress is in, on this with, you know, these best will stimulus package is never going to. and, 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 2030, right. this anyone? what side? the progress thing. but this is actually possible. and if so, what inflation is going to result from that. i think that's the ticket to stay play she. we don't know what classes yet. we don't even have an outline. but that's the big fair on my mind here is, is something completely and saying passed by congress or going to see stay for place and from it. and of course, staying place is increased inflation and lowering of j

d p 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 and mesh talk dot com. you wrote recently that quote, housing adjusted real interest rates sank to a record low negative a point 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, the b says the c b i and the fed project that inflation is up 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 owner's 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 has cpi. now you're talking interest rates, a negative interest rates, not negative 5.4 percent, negative 8.5 percent roughly. and that's all i did. there's so many things,

you know, of course, housing bubbles 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 driving the bank of international sediments as come out many times. and it is and has talked about that deflation are negative prices that the consumer level isn't really even. what matters, it actually gets more goods 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, for lack of loss, inflation. you know,

if it's crazy. so how long as there's transitory for its 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, any 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 having 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 if you're saying it's not exactly that match, what they're saying is, it's transitory that is actually welcome power. use the word welcome.

better finding under the fact that they don't think this is going to last. well, if home prices are going up 18 and a half percent max and the mortgage rate is only 2 and a half percent is the wonder we have a bubble in the money printing that there that they are engaged in, is making then the interest, draco moring, negative so that more like they're there and same. it is also convoluted. it's, it's, it's, 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 grade inflation, deflation to the bay, 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 the, 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 cliff. i or we're going to carry that over to a 2nd segment, but for now,

thanks for being i cause report mash, always a pleasure to be on max. thanks for having. and that's going to do it for this edition of kaiser report with may max guys or and state here, but want to think, i guess mish shed lack of mesh talk dot com until next time via the me. i can't rec, 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 a long term, they're mostly disastrous. suddenly stopping a drug can cause withdrawal symptoms more serious than the condition that 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 in just scared, scared little girl, the 24. and like me didn't have to be so complicated. ah, i think what your mind indeed gets up again this time with a great decision over the last 30 years it, it was the 1st decision which didn't follow the course of the event in history. life was an attempt to change the course, and the biggest task on the statement is to contradict history, is to change the historical part from the national for important and what actually

july them did the the families that jennifer mark mark you function you would like to get some idea of who definition me to know the whole do john good that i don't know whether you got that limit and i wanted them off your they're gonna go back to the left me about the less about

the me and the me the the the taliban celebrates, taking full control of canister off the clearing. they defeated the remnants of the resistance, but this morning tele but they still the whole parts of the ship problem. a convicted rapist and suspects on terra watch was discovered among the asylum seekers to get through germany from his dad and his trailer introduces a new bill to the.