gave that $300000000.00 debt crisis. ah ah, let him improve his says of russia won't stop pumping gas to europe through ukraine, adding the you decisions the ditch long term contract was a costly mistake. while within the here itself, assault williams, a manager as a member, states are increasingly sing, read over the use of termination to go green. also, you ask parents, a speaking out against things like critical race, fairy and mosque. wary could now be investigated by the f. b i, that's after the national school boards association, delaying the threats 8th received on the term to mount to domestic terror

and sign and sing descend and marine faces potential trial for daring to criticize present biden's afghan, pull out the slide. another officer being hailed as a hero, 2 years ago, ford tongue lashing trump with and those are the headlines coming up next. manase international if the kinds of report and for our you came years as born bob ah hello. i'm ash kaiser. this is the kaiser report. hey, we're going to do a little bit of magic right here, stacy? well, to do magic a need either cards or coins. well,

i've got this little tiny coin here. but you know, like the biggest forces in the universe are quite tiny, like a collapsed star. it being like it really dense mass which sucks and all sorts of it has very high gravity. well, this coin is going to save the day because, you know right now in america, everybody's talking yet again. the last time they talked about this was $22009.00, the trillion dollar platinum coin. now again, of course, a trillion dollars. what 1213 years later, is not nearly as much as it was back in 2008, back in 2008. we, you know, the richest man on the world was like, warren buffett, and he was worth like $40000000000.00. now it's jeff bezos and either mosque and bernard or no, and they're worth like $200000000000.00. so it would have to be at least $40000000.00. but you know, the have on here reads to prevent potentially catastrophic debt default. and

increasingly vocal chorus is saying that the treasury should issue a small platinum coin, give it a value of one trillion dollars and deposit it at the fed. so max, my trillion dollar coin, my trillion dollar aquinas special. so they go from your trillion, i'm going to call it a sex cillian toine. right? we're going to do a full sex telling his trillion is very dr. evil, as we said it's on not that much anymore. his. he see a trillion dollars only has 12 zeros. a sex 1000000000 coin has 210 is on, at fac, had rescued the entire global financial system. wow, you were going your, the way venezuela there lopping zeros off much their currency and america. they seem to be dedicated at adding zeros on, but i have a question for you. i would like to get your thoughts on this shoot. this idea that missing a trillion coin is somehow going to mitigate the problems of the debt that america

has and the debt to fault. so why can't we just be honest about this and say that amir to has defaulted on, it's on its sovereign obligation because one trillion dollars as you point out with a are roughly 30 trillion dollars in exposure. and if you had the unfunded liabilities of medicare medicaid, social security is closer to $300.00 trillion dollars, you know? and they could just as easily say, they're benting a $300000000.00 coin. as they say that they're minting a one find dollar coin. they still believe, stacy, as i understand it, that this is a stop gap measure because at any moment now, and they've been saying this now for 30 years, but at any moment now the g d p is going to start up, skyrocketing enough so that the income so go up so that the tax revenues collected, which is approximately, just under 3 trillion dollars last year to start paying down the debt. i think

that's what they think that they're just doing a stopgap measure. they still believe that at some point, taxpayers are going to pay down that $300.00 trillion dollars. well, max, you used to be a magician. so remember, a magic show will be like i guess of mine show, but nevertheless i get your point. and so there's a lot of like, you know, fingers and gestures and point bare and distraction and diverge this direct like that mr. action. so you have a lot of that and people are like wandering around and they don't see what actually happens, right? they say they're the malevolent intent. ah, maybe it is. well, are you taking magicians or malevolent? unfair? i'm dying of magicians are purposefully opt. you skating the truth about what it is they are presenting to the audience in a way to cross the audience, to miss direct and not see how the magic is done. so you're suggesting that this

one trillion dollar coin is just a huge, deeper david copperfield, like mr. action, so that people don't focus on the magic of money fronting, create the billionaires and the and the deck of billionaires. is that what you're saying? yes, in a kind of leo strauss way back in the, you know, from the chicago school. thank you. fifty's. his thing was that basically the deplorable and the masses are really too stupid to be told the stuff and it's better just to be kind to them by mr. acton and entertaining them with various like television programs, movies. oh, vision. so wow. was watching the bozo, the clown show. yeah. as a kid or captain kangaroo. sure. wish i had an excellent character by the way. bunny rabbit, who made it rain ping pong balls more of the greatest moments of television ever. and we had winky. thank you. put a piece of plastic on the tv screen and he stared 2 inches away from the screen any draw winkie? thank a little bridge to save winkie dank. you're saying that the policy makers in the

federal reserve bank and joe biden, the president thinks america is. so freaked and stupid that they can make them believe that picking up a worthless, shiny round object. and going hocus pocus over it magically turns it into a trillion dollars. that that again, can deposit at the, at the federal reserve or the treasury to somehow mitigate that $300000000.00 debt crisis. is that what you're saying? that's why we have you here on the kaiser for in order to explain this or to stuff . yes, that is pretty much monetary policy. quick draw trillion bell or platinum going for a winkie thing so that he can save america. do it on the screen right now. i rescued the economy. that's really cynical on the, on the part of the policy makers out there who don't seem to care about the collateral damage of their fraud in their really bad magic in winkie didn't show.

gosh, golly, i'm upset. right. well, i think like all empire heirs and stuff like ultimately and a whole grab bag of magic tricks back to the roman empire, clipping their coins. that was like a magic trick gray. and the end of the day, we all get to this point in terms of the cynicism that you mentioned. this headline here was interesting because it ties in with an audience. when, when you're a magician, you lose your audience when they're all cynical, right? they already, they know what you're doing, you want them to be like amazed and wow. and ah, this is great. well, when they start going me, whatever. most americans today believe the stock market is rigged and they're right . new research shows insider trading is everywhere. so far, no one seems to care. no one seems to care, they say,

except for of course on kaiser report where we see beyond the magic tricks. yeah, it's a remarkable statement for a couple of reasons. number one, the job of journalism is to highlight these things in a way that would get people to care. right. i mean they're, they're saying that the markets are completely fraudulent. and instead of digging into more specifically how in the damage this causes, they're charging their shoulders and saying, what's fraud these days in america? there's nothing that's i've, i've said many times the business model of america is fraud. and if you took fraud out of america's business life, you would have nothing left except a bunch of the, you know, native american reservations in north dakota somewhere laughing hysterically and they predicted the whole thing. well the, the thing is, is this is a can tell in air economy. and though the cable news will say that most people are deplorable and dumb. the fact is they see what's right from that. they see the

emperor has no clothes. they see the can tell you the fact they understand the magic trick. now, they're totally bored. and now you see that many, many openly corrupt dictator con, right? so the 2nd point is that it's thought that they don't care. it's that the vast majority of americans are desperately trying to mimic and ape. the fraud that they see being committed by goldman sachs, jamie diamond, all the wall street bankers, the federal reserve bank, 2 of them called for insider trading. just the last few weeks. rather than that, there's another one. okay, so that the bankers, the central bankers are being caught, such as trading on insight information. nancy pelosi caught trading on inside information. right. so the americans, it's not that they don't care, they're like how to we cache on this insight information. and so they're desperate because inflation now is creeping in and they can't afford the food, the shelter, the clothing and the energy any more,

their only way to survive. is to commit fraud and that's when that's what an air air that's one in empire truly collapses. when the majority of the population like him have in america today, they in order to survive, they have to commit fraud. it's like a victor hugo's masterpiece. les miserables, the street urchins to survive had to steal. you know, that's the great, dramatic, of course, of this, of this great novel. and in america, the majority of americans in order to survive, they must steal and, and the media. is this media saying yes, ok to steal, will absolve you from stealing and be the worst moral unethical piece of garbage you possibly can america, because that's the only way you're going to survive. well, let's look at what's happening over the past year and a half, 2 years across america. you see it in a san francisco, new york, people gangs of young eyes, mostly just going in a robbing everything. and what they're told, the shop owners are told not to stop them to just let them do it. so it is les

miserables, this is the end came so nevertheless, that the, the problem is, it's fun at the beginning because it all in places are fun at the beginning because you feel rich, you're getting rich, especially like, you know, domestically, america versus the rest of the world because we can print more money so we can be like, ha, ha, send us, are you good? send us that you good, we're rich. but then the can tell you in our class who owned more assets in the beginning, start to just like fly away with everything. so 1st time homebuyers and housing advocates want more action to tame prices. of house prices, but economists and policy makers worry aggressive moves, could her existing homeowners and upset the global recovery o existing homeowners, the ponzi scheme, nature of this, the 1st in on a pyramid scheme are the ones with the most gains. the can tell you the facts, and now this is the conflict that the highlighting in this wall street journal

piece about a house. prices are huge per cent. the past year incomes are only up. 3 percent houses are upped up to 36 percent. right. and as we've been saying since the central banks over the past 30 years and getting worse with each successive fed chair has failed to do their duty by raising rates in the face of too much money printing or inflation. they have created this in situation right now, and the says they never raised rates of what they did was they transferred trillions of dollars to a few older guards the america and they took the entire country and they threw under the bus. that's how like a magic trick in i was just looking for my sex till im coin and i can't even find that like, no, i can't get at that. i've cashed it already on e bay and bought myself some brand new. this feels like all those sticks that brucely used to use. none shot number trucks. thank you. we're going to take a break and when we come back,

much more coming your way. i found my coin. oh elsie, bruce dispersed them or, oh ah ah.

i'm a new mckee long leon smith that allows old b problems and much was ok to invite everybody's lloyd. that wasn't a glitch. that was a feature that the people who designed the internet is all in got in as a feature. join me every thursday on the alex salmon show. but i'll be speaking to guess all the world politics sport, business. i'm show business. i'll see you then. ah welcome back to the kaiser report. i'm max kaiser time now to return to our

conversation with lawrence apart. lawrence, welcome back. thank you man. it's nice to be here. all righty. so i, you're the man to talk to in the gold bug community that understands a little bit. or i should say a great deal about big coin saying that go to guy. and you're going to be appearing at the gold show in new orleans coming up real soon, talking about sound of money and gold and big coin. now, up recently, morgan stanley pointed out that big coin has replaced gold here thought, well, because bitcoin is a really sound form of money and it's a digital form of gold. in my opinion, i called bit point digital goal. it's limited in supply, it's actually deflationary. you know, the supply of gold will double in the next 40 years. it grows at about 1.7 percent of ear, and so been coin. obviously. we all know the supplier specs are approaching a fixed number. you know, i don't think it's entirely replaced old couple of reasons. one,

it just hasn't been that widely spread. you know, there are a lot of people around the world. ready don't even know what it is and i goal will have residual value for quite some time. i could maybe make an argument, as i know you do that bit when will slowly but surely replace gold. and i think over many, many years that probably will occur. but to say it's happened immediately, no one advantage to advantage gold does have or different. there are many balance of 2 that are very clear to me that it has a spare money. that's not a block chain. so if i have gold coins, nobody knows i have nobody get out of there. so trace how i got it. and that's a nice thing. the 2nd thing is that the gold i have the energy brought in lining it, a lot of energy spent to get the gold out of the ground and really money. it also cited just stored energy and because it's a standard to use, i don't think that's the problem. and we all discussed that issue and how modest the energy is valued provides. but the point is a goal. once mind,

there's no cost additional energy costs. all right, but there is a cost and with golf and you've got a saying, the goal to make sure it's real. and i a 3rd party that you have to trust, which is a huge problem. you've got storage, that's costly. you've got other costs involved in gold, which i would posit, exceeds the de minimis cost of big coin on the network. but anyway, let's, let's continue on here. so you wrote, and this is a very interesting point. i know you're a deep thinker and you came up with an interesting little thing here. if your you say, if your cost of capital is 0, the market value of every enterprise with a profit becomes infinite by definition. ok, tell us about this. well, the point here is that the, you know, 0 cost 0 interest rate policy is really a crime against economics and capitalism. the notion, me,

money is supposed to have value, right, and time cash value. and so the notion is when you have money, you would get paid interest for loaning it out over time. but if the interest rate is 0, then by definition, that's a talk ology, by definition, the money of no value and turn, it implies that you know, everything that earns money. every business is profitable. in a capital asset pricing model, it's all talk, business school has an infinite value, which, you know, obviously they don't. but what i'm describing max is really what you're very, where, which is the cotillion or effect. i mean, when you give free capital to people and allow them to buy yielding assets just what they end up rich and the rest of us who don't have access to that free money at the spigot, we don't end up rich. and this is why, you know, the people who are in the finance business, you know, in the, in the financial centers of the world have become billionaires in term. you know, the average man pays a higher price for every dollar of spare woman. there's a higher price for everything to buy year after year. right, well,

we love an economy that's driven by accounting as i'm thinking, which is basically the idea that we don't really encourage you to save or to become individually sovereign. but we try to make credit easy for you to access. you have easy credit, and that's all you need. you don't need savings. yeah, linda, this is what you know when i hear washington discuss, are paul treatment over the new york times in this. this is monitor, this is how he was trained, you know, that the policies being discussed in washington now are all was about raising the dead sailing or increasing the dead or it that, that there's this notion that i think it was reagan, ronald reagan, in fact, he said that that doesn't matter. they aren't, that doesn't matter. essentially what, what the, what the bottom line is it. so if that does the same sustainable, it seems like growing that gravity doesn't matter, lawrence. and i totally agree and it's, it's a complete while i am changing,

those them is, is just downright wrong. i mean, the fact that it always has been it's, it's a method of a state to get more control over our lives. i mean, the fact of the matter is what makes it what makes things better in the world or savings and then the savings are invested in productive things. and those productive things increase productivity. so we get more for less and as a result of getting more or less, we get a higher standard of living. and that's what happened between 79 on this country. ready was founded and 913 when the fed was created. and since then, although we've got all these amazing technological developments, you know, we've, we've been carrying around this albatross of changing theirs and particularly since 71. and you know, it's, it's, it's made our lives much, you know, 10 times harder than they need to be. the fact of the matter is the change was ra, a per from the fact that individually wasn't very good guy. that's a different issue. but changing his theory or wrong, and unfortunately,

the entire economics, professional, all universities, everybody's in bad changing isn't because that's how they get paid. and those of us who are out there trying to build things that are more productive, you know it, austrian economists who understand the business cycle, understand that investment is the key to increase productivity. you know, we get dumped on by the game since the fact of the matter is, you know, it's going to be a, it's going to be very sweet for you. what i mean back because they are going to fail. they're going to fail spectacularly. and, you know, we're, we're going to end up with all the marbles, and that's going to be really fun. no, i'm having fun already right now. but, you know, 11 of the things, the observed here in the last 20 or 30 years is this model. this keynesian model, which is the central bank model that de greenspan put, remember that from alan greenspan, that no market can go down a one percent or 2 percent without the interventionism of the fed stepping in to flood the system with more keynesian credit. but we have a,

we have a lot of collusion and co operation amongst a global central bank. so because they're all on a fair standard, not to say single bank is on a gold standard her other than a fair money standard. so they all collude with each other. they've met, there's never been a taper in 40 years. but you know, the net aggregate global money. terry policy has always been expansionary. and, and it's just been and we see it on the charts a stop hard to follow. ok into this mix, comes bitcoin. and now we've got el salvador that's gone on a big coin standard. they're mining big coin with their volcano. they just mind their 1st big coin with their alt furshly free volcano energy. this they're going to be the only let me, let me say this way. um, in $1071.00, was the beginning of the fia standard. in 202150 years later with el salvador. is this the beginning of our return to a hard one, a standard, thanks to el salvador,

bitcoin laurence. i think we are a really do think we are. i ll enormous development. and i think bitcoin is really a thing of beauty because it's just in my speech, i talk about this as high as one. so you know what? it's going to be really hard to take control of the, our money away from the state. the only way we can do it is to introduce something slyly that they don't understand that they can't stop. and you know, hire was talking about bitcoin. he didn't know it at the time. but as you know, bitcoin is very attack, bruce and bitcoin is incredibly sound money. and over time a sound is money winds. and so yes, i do believe we will ultimately return to a sound money standard. and it could be, there could be a gold piece to this to as you are very well aware. you know, i, saint china lice bitcoin china is a pretty big economic, our china accumulate a lot of goal. and i would think one of the moves they might make would be to try and introduce a gold standard in china when we do go to some. yeah, yeah, i think i see that happening. i. one of the problems with gold has to do with the

energy required to mine, goal and energy, all the, you know, big coin, ultimately a 51 percent attack on global energy, which may and starve gold and fat to death. but that's it. that's for another time to discuss. let me, let me get into one other topic here. i'm looking at these gold. busy miners, and even the silver miners have their worst month in history last month. i, you know, what's going on with these, the, the, you know, you manage the money, you, you're looking at the, does the quote trying to reach to call it one of the bird machine. what's going on over there? it's been a, it's, it's been absolutely friggin brutal. um, you know, stock selection helps a little bit. but, you know, the fact of the matter is that the, the, the stocks are the, you know, the telling is wag by the dog. i mean, the underlie i was, i was just as the goal shows out west earlier this last month earlier this month, actually last month's governors for america. and, you know, all the miners are there and they're saying, look, you know, we're, we're,

you know, our goal. we got a $1000.00 across to take it out of the ground. that's a 100 products. and we feel like we've done one to haven't, but the stock market sure doesn't know it. you know, the gold stock market. and the reason is that, you know, gold stock investors are what i call being dogs. i mean, we've been beat up for, you know, with this manipulation in these prices. i mean, are, we're charlie brown and, you know, lucy's got that book on. we're, we're ready to take another swipe out and she's going to pull it away. and the minute, you know, you see any softness in the goal side. on the gold price side, the starts get pounded, but it just get pounded and yeah, lawrence, markets are discounting mechanism right now they, they, they take all the information, they assimilated, they chew, they processes they develop, they create a price that price. dana tells us really looking forward, it's always forward looking what, what are these gold mining stocks? the price is telling us that $500.00 announce gold is in our future. there actually

is about $1500.00 basically kind of discounted in about $1500.00 gold and, and you know, the guys in toronto all think that's going to occur. and if you look backwards, you know there's this, is this ryan's a little bit with 2011 to 2013 and people have long memories. they remember that time period, we got them to us. i mean, i lost so much money. it's ridiculous in that time frame. and yeah, this is different than those type in that time because at that time warner for still buying our bonds. and now there's really only one person buy your bonds messed up. and at that time they didn't have direct money going to consumers. now we're sending checks directly because it was really more at that time and this is a huge 1. 40 percent of all the money in existence. all us dollars in existence had been created in the last 2 years. max 40 percent. and it's not slow. i mean, slow down from the pandemic push, but it's still continuing. and so the fact of the matter is that inflation is there

and it's going to filter through to gold. and it's going to filter to the bit coin, obviously as you and i both know the gold price has been suppressed. i mean, they created paper golder, tons of papers that showed how they did that, why they did that. they know it's a fire alarm, that's the, that's the beauty of bitcoin. the beauty of bitcoin is the fire alarm. it hasn't been silence. i get a bull case for gold. and the price of big coin skyrockets to the point where he can't get any big coin, michael, sailors fine at all. and so in a desperate bid people are forced to have to buy the poor man's bitcoin. and that of course is gold. i like that, that works for me. i'm just trying to make it to the other side. max. i mean, this is, is crazy. stop lebanon. i mean, you look at what the government's going, it's a mass man and somebody. yeah. well anyway. ok, great. talking to you lauren, hard, you know he's a, he's a clear thinker, i'm ball pick coin and gold is a rare breed. a thanks for being a cause,

a report on her to be here much. thank you very much. well, that's going to do it for this edition of casa report with may max kaiser and stacy herbert want to thank our gas lars, the park until next on bio. ah, with ah, can continue the internet, censorship and freedom of speech co exist. this all important question is being tested. how should miss information be defined? who should be allowed to make this determination? today it's about vaccines put stop there. ah, it's a good price. you go. he did. who bought?

i bought a dial tomato, a couple of these on your weight, but i know from politicians to athletes and movies. does the musicals does it seems every big name in the world has been here? let's see. okay, miss, you can work out. this goes to school. oh i wonder why she wasn't when you get the go, but i need to do with gloves you spoke with said basil makes dreams come true that every one who falls in love with people like a .