as kaiser, this is the casa reports. wow. you know, i'll say, sir, of course, playing out as we've been protecting, they would. we've got the very central banks putting on their kabuki costumes and getting ready to go out on stage and perform their ritualistic nod to the need to raise rates, followed by their ritual was stick denial that they are able to raise rates, followed by massive quantitative easing money printing an hyperinflation. once again. oh boy, it gets so entertaining. yes, ma'am. that sounds very spooky and it's probably because everybody spooked perhaps because of halloween, perhaps because of the data coming out that even that that, that data, the signals kathy hidden suddenly hawkish, bank of canada anne's q e moves rate hikes forward one year in 2 year yields spike spooked by inflation not being temporary are so boot is that the fed because a g d p growth is only up 2 percent in the 3rd quarter. not the 7 next as percent

that it was expected by goldman sachs. right? yeah. okay. so the rate raises that they should have done 10 years ago, 987 years ago, 654 years ago, 3 to one year ago that never took place, they kicked the can down the road, they increased the problem. and oh, once again, they're gonna talk about raising raise, or they will tinker at the margins and markets will crash because we're in this hyper leveraged environment. now for the 1st time ever in history to this extent. and then they're gonna come back and they're gonna say, oh, actually we need to do a mass of quantitative easing and mass of money printing once again, because you cannot taper a pansies game. right? so here is the headline. it's very spooky, us treasury, 30 year yield falls below 20 years for the 1st time. this is what a time to watch lines. so this is the 1st time in history. things are getting spooky, right?

they've got interest rate and burden on the the spread of interest rates over that curve, interest rate, curve inversion. and as the economy becomes almost impossible to navigate the bermuda triangle, global finance, where up and down and down is up in the 20 years, less than the 10 year, more dislocations, more chaos, resulting in greater supply chain interruptions, greater bank failures, greater failures, greater kind of social unrest as we head into kind of the wood chipper of all the mother of all financial, what shipping's. while speaking of with shipping, some might say including ourselves that the us dollars headed for the wood chipper . or at least the, you know, some sort of cremation, and that would suggest that our salvador might have been right. buy to buy the dip

. so when bit quiet fell, el salvador bought the dip according to name. but kelly, the president's right, while he is openly mocking the mouse, he said he was waiting for big coin to come in to a better price range. it did, and he loaded the boat. he bought more bitcoin and he's on balance on his big point position is he's making a fool of the map is making a food up pull out of all the central bankers. he's giving us country something that no other country has. and that is sovereignty true sovereignty based on confiscated by wealthy the george washington of the 21st century. he'll go down in history for the brightest, sharpest president's ever. and oh, what, what, what can be, what, what more can be said about this guy? he's a genius, a genius indeed of course he and mouse on twitter and the twitter c. e o jack dorsey had the week before mentioned the h were the hyperinflation,

which has spooked many economists spooked many commentators and other c. e o is i thank once you get the industrial class, the industrialist class, starting to mentioned the each word we know from history. if anybody has read history, what you find with weimar germany was that it was the industrialists who started to act 1st on hyperinflation. and so, you know, as we headed to the spooky times of hyperinflation. a, here's a very spooky headline along those lines because it's still at the turning point where we're still celebrating the, sorry to have minds without understanding the implications of hyperinflation. even mosque is on track to become the 1st trillion error. thanks to space ex morgan stanley analyst predict the world's richest man will become even richer. so they're

saying morgan stanley is saying that he will become a millionaire because the space acts, not because a tesla, tesla, he's already worth $300000000000.00. he's made more in the past 9 months than warren buffett has made his entire investing life. oh, so he's worth close to $300000000000.00. he might be worth it trillion or but we all might be trying our soon, like, it's happens in other countries. zimbabwe being one of them, and we're going to turn to something from 2015 by then. but what do you think of eli must becoming a trillion aromatic for a lot of people in zimbabwe or chilly nurse, they have the actual trillion dollar backbone. so almost everyone in some, by way as a trainer, a saw an issue with feel i must have corporate governance. you know, as, as people know, as the stock price goes up, his options kicked in and he ends up getting more of a percentage of the, of the company. um and therefore has absolute control over the company. and um,

in a way, in, in an era when a lot of regulators are also stakeholders as shareholders, in these companies. so there's, there's a corporate governance issue as well. but yeah, he saw, he's selling towards filling air status and got it in fear money. firms just so you see how a person could go from a trillion error, that it seems silly to say, well, this guys can be a trillion are and he might not be worth anything tomorrow. we're going to cut to this headline from 2015, and it's from zimbabwe. i was a quadrillion our and some by way, but could barely afford to buy bread. after years of international isolation, hyperinflation, as a bob way had a record, 500000000000 percent, and 2000 nate instead of buckling under pressure, robert was obvious. government came up with a brilliant solution. print money on demand, known for his populism of gobby, made a wild promise to his followers. he said, quote, where money for projects has not been found. we will print it, which is spook ally like what we're seeing today in the united states. when they

d monetize. so i'm gonna, we're going to go over the period from 2008 to 2015 is of my they d monetize. and they got rid of all those zeros at the end of their here there's an bob way dollar. according to the demonization exercise banquet house with a balance of between 0 and a half should and 75 quadrillion. zimbabwe dollars were paid a flat fee of $5.00. so if you had some people there had only 10, zimbabwe dollars, some had a $175.00 quadrillion. they each got $5.00 in their bank accounts in exchange for whatever they had in there. wow, here. well, that's a great reset. that's a great re says it could be coming if i, if i translate it happens and hyperinflation. ah, it's not really like you can predict precisely when it's going to happen because

it's a shift in enough mindsets, like enough people change their mindset and lose faith and the currency. and it's that last monkey that converts into and no longer has faith in it. and we are the whole thing clash cried, well, when all the pricing goes completely break. so if the yield curve is broken and the 30 year bonds yielding less than the 10 year bond, and you have actually an errors running around and, and you have a, a, a bureau of labor statistics openly miss reporting all kinds of data g, d, p is miscalculated insider trading and manipulation by bank of england, federal reserve bank insider trading. so you end up with a situation where you have to reset. you have to start the game over again. but it just a big tilt flashes up there. it is like, okay, you've got to reset the game because the game is irreparably broken, and that's got a completely changed the complexity of the economy. and for the most part,

a one holding fee of money or fail securities will have to accept close to 0 cents on their dollars. yeah. and in a way we almost have sanctions, right? which is sanctions have caused hyperinflation in venezuela and iran, and syria and other countries, and by default in lebanon, which are relies on a lot of trade with syria and around, for example. so then here we have a situation where it for the all intensive purposes you have the same thing is there is there a he almost like by supplies can't get n. so. b there is no where for that money the go with there's no goods to be had. so we have a shortage of goods and services, but we have these huge programs just like we had, we saw in venice, fella shoes, social program. so, you know, the biden demonstration is passing the social programs and they're looking for their money and nobody will, is willing to pay for the social program. so this brings me back to this 2015

article about what happened in zimbabwe when this guy went from being a quite julian heir to being and not none. and there, after years of international isolation, the hyperinflation, as a bob way, had a record 500000000000 percent in 2008, and sort of buckling under pressure. robert, my god, these government came up with a brilliant solution. print money on demand, known for his populism mcgarvey, made a wild promise to his followers. quote, he said, where money for projects has not been found. we will print at. right, well that's m m j magic money tree here in america, you know, or the consequences of censorship. and censorship is running rampant in the united states with di platforming and certain topics that are ta blue. and you can say certain words, any more, is that it destroys price signals in markets as well. so in you destroy open communication outside of markets. that feedback mechanism means that the price

signals you have in your markets raso wrong, inconsistent and going to defraud and, and displace everybody in that economy as well. so, and people here are like the gas prices are rising and, and that they don't understand. it's due to money printing and they start to hear and miss information about the root causes of this. they are mobilized in ways politically, that end up hurting them, not only financially, but politically as well breaks. it's a great example. they were lied about brags it, and now they ended up being isolated from the world over there in the britain. and it's compounding and gas prices are zooming, higher and shortages are developing and it could have been avoided. right. and you know that their former central banker, at the time in zimbabwe austin had an accurate assessment of what was happening in sit in the economy. but he was quite transparent and open about what they were actually doing versus what you know, j. powell is saying about what they're doing with all the money printing, all the queue. we all the free money for wall street. the central bank started

printing money at will added or removed zero's former central bank. governor gideon, go know who was the chief, the country's chief economist called it. the casino economy quickly became a country millionaires. billionaires and millionaires and quadrillion airs. and no time, i think you meant, right. so he and himself called at the casino economy, the guy printing the free money. yeah, absolutely. yeah. but the purchasing power of that free money goes to 0 and, and, and as a cognitive dissonance, you're like, i'm a co drilling air, but a cup of coffee cost $9.00 trillion gazillion 1000000000. right, so, garbage in, garbage out. remember that from 20 years ago, that was a popular idiom. hey, we're going to take a break, and when we come back, much more coming your way. ah, well, the pandemic, no,

certainly no borders. i'm just like to tease a new face is emerge. we don't have a terribly, we don't to look back seen, world needs to be ready. people are judgment, common crisis with times. we can do better, we should be doing better. every one is contributing each in their own way. but we also know that this crisis will not go on forever. the challenge is critique. the response has been mess. so many good people are helping us. it makes us feel very proud that we are in it together. oh when i want something wrong, when i just don't hold me,

you will have to see how this thing becomes the advocate an engagement equals the trail. when so many find themselves will to part, we choose to look for common ground. the british and american governments have often been accused of destroying lives in their own interests. while you see in this, these techniques is the state devising methods to essentially destroy personnel to that individual by scientific means. this is how one doctors, theories were allegedly used in psychological warfare against prisoners deemed a danger to the state. that was the foundation for the method of psychological interrogation, psychological torture, the ca, disseminated within the us intelligence community,

and worldwide among allies for the next 30 years. and how the victims say they still live with the consequences today. ah ah, welcome back to the kaiser report i back kaiser time out of started back to tyson slokum on the public citizen energy program in washington dc. tyson, welcome back. oh, great to be here maps. all right, let's talk oil and gas. natural gas prices are rocketing all over the world with europe getting hit hard. of course the u. s. media is blaming russia, but it seems a perfect storm of depleted inventories falling a cold winter last year. an avalanche of freshly printed money and not enough wind

or renewables caused prices to increase 5 falls. what were your thoughts? well i actually, i think there's another issue going on here that's a price formation in natural gas markets. so we all remember the scandals with live war, which was a voluntary reported index that all the big banks manipulated the same in fact structure in is involved with natural gas spot markets in the united states where literally natural gas prices are determined by voluntarily reporting trades to private proprietary data publishers like class. and these companies and traders voluntarily reporting their trades and lots of incentives to manipulate those prices are investigation during the february winter storm, where we saw crisis go overnight from $3.00 per 1000000 cubic feet to

a 1000 dollars. and more, he found that a number of key benchmarks reported only 2 trades that determined that $1000.00 benchmark price. that's not a competitive, transparent market. that's a form for market manipulation. and congress actually gave federal regulators tools to replace these indexes with a more transparent system. and so i filed a petition to the federal energy regulatory commission in june of this year, asking regulators to take this action. get rid of these voluntary reporting, a price indices, and replace it with the more functioning transparent market. now, tyson, last time you were on, was actually in response to what was going on in the oil markets with negative price prints. and those markets went, of course,

is impossible. it's the result of manipulation. and so you're saying that we're saying that, again in the gas market you met europe in the library market, of course was proven to be manipulated. we know what's been happening and the precious metal markets, golden solver, we know that happen in the foreign market. we know that in the case of a lie bore bank of england was implicated by central bank. we're going back even further. we know what the company enron did before i went bust, they were manipulating prices and market manipulations. a huge problem. and it seems to go back to the fact again to the central bank that's kept interest price artificially low. and therefore, the price of manipulating markets by borrowing money is near 0. so the cost of fraud is 0. and you know, if the price of commodities are going up and if the price of gas is being manipulated higher, can't the central, oh,

how can the central bank justify both runaway inflation and no response in terms of raising interest rates? it's an i'm saying like rightly things never go together and last year committing a mass of fraud, tyson? yeah. these, these commodity price movements are exposing some serious central bank weaknesses. and i think, ah, one of the responses has to be to ensure that, that these markets are either regulated, they're not the negative price disaster that we saw in crude oil last year was crazy. and it was a product of the fact that that these contracts, which most people use for pure financial speculation, contain clauses that allow the counter party to insist on physical delivery. and so as all the storage tanks and cushing and elsewhere got full, all of these financial speculators got spooked that. wow,

i might have to actually physically deliver oil. um and so this resulted in this massive swin in oil prices. that's not a well designed or well functioning market. and so we've got systemic problems here that all boils down to really poor market design and inadequate supervision over very sophisticated speculators and other financial players in these commodity more . all right, so in the space of our interview here, we've identified a few things here. number one, a remit for the central bank is full employment of price stability. nowhere, as i mentioned in their charter, having anything to do with climate change or climate considerations. but they seem to be targeting that as, as justification for mass of money printing, which seems to help out their friends on wall street. and we've identified that they're involved in miss reporting manipulation and outright fraud. so why aren't you down at the echoes building in dc, lobbying them to stop committing fraud because it's killing people. while i

am doing some work with j. p. morgan, where we think that they're in violation of, of their bank holding company charter the federal reserve requires bank holding companies like j. p. morgan not to own physical energy assets. and we've exposed a scandal where j. p. morgan, in fact, does control about a dozen power plants and even a monopoly utility called el paso electric. so the bat has been asleep at the switch on awful lot of things and we're seeing for from greater accountability and greater regulation over our energy market. right. i mean, that seems to be a great focus of the efforts. i mean, you can't build an economy like you can't build a house if everybody building the house has a separate yardstick, separate measuring tool to try to figure out how to build that house. you can have

an economy if you've got everybody in the regulatory agencies applying different standards of the law. right? so there, there is clearly a re interpretation of, of statutory law going on by various regulators who have taken upon themselves to interpret the law. we know this is happening on wall street for years because they commit fraud and then they retroactively changed the law. famously when city bank bought travelers cor, violated glass steegal and then got the law change proactively in the past to make that ok. and that open the floodgates of this kind of behavior. we've got lawmakers and washington in your town who don't obey the law, break the law, revise the law, and are committing master fraud. i mean, that's the problem is corruption. i don't know if you know lawrence last thing or not, but he's a very smart fellow who is involved in the copyright industry for years and is in dc now lobbying for regulators to obey the law. is it too much to ask as an

american, that our regulators are not clubs, socratic lawbreaking, soviet union style complete? is that too much to ask it? sure. is it max, and there's no question back. you know, it persists that we've got sort of 2 justice systems, one for the powerful and the well connected and, and one for the rest of us. and joe, while all of us have to obey the laws or else the book gets thrown out us for the powerful, they're allowed to routinely break the laws. ah, and get away with. and so we, we need to be tough not just on the regulators that are doing their duty. but on these, these corporate wrongdoers who time and time again up commit massive, ah, frogs against the american people and their investors. and time after time walk away with up, you know, not a scratch, especially for the top executives, but that's gotta change. we've got to have strong accountability for the most

powerful in our country. if, if we're going to make progress, our i said bring this back to climate change, an area that you're lobbying for doesn't, doesn't climate change just become a p r stunt for these lawbreaking clumped crafts that run america. you know, i remember back in the seventy's heroin dealers in harlem would give away turkeys every thanksgiving. and people love them on their solemn dope right here you got nancy pelosi, quick equivalent to harlem heroine dealer of the 19th century. breaking the law, giving away money to her friends, trading on inside information, openly scandalously, acting as anti american chaise worse than any chinese spy? was she a by the way, employees in her office? or had recently, i don't know if i agree with these assertions about it. polosa, i've had my criticisms over. i don't know if i would. i'd characterize it the way that you just did, however. ok, well, well i'll let history be, be the judge of this. they know that so far back in a 1013 years up and down there,

every freaking club, the crowd of called out within 3 years as me either you know, face serious jail since now let's talk about the lithium lithium or it's needed to deliver electric cars, a great deal, the u. s. supply is on sacred tribal lands and nevada. they don't want mining. i think lithium was the reason we are in afghanistan, dyson wiggly, we, we lost that we loved a $5000000000.00 worth of military hardware. i think i did the math. that's julia dollars. that was for me personally. well i, i hope you, i hope you get your read, but just in capital, i left you $100.00 and campbell and all i was just like a teacher. one of my low decisive was to listen to your what your story there. yeah, so, so back to what you're raising are very important point and that is we've got to have far better standards within the industry. we've got to have much better regulations,

federally on the sourcing of the components for batteries and other material like we have in photos up solar photovoltaics. this isn't necessarily a huge impediment to. ready have an electric vehicles sustainably, but we have to do it right. and you know, our electric vehicles. oh, you know more sustainable than their fossil fuel automobile equivalence. yes they are. but does that mean that they're totally sustainable? of course not. they, as you correctly point out, there are number of serious challenges involved with the mining of, of the components like lithium for that are necessary for batteries. and so again, this is something that can be addressed through a stronger standards and regulations and also and understanding that, as i said earlier, we're not going to to address climate change by just swapping out, you know,

hundreds of millions of internal combustion engine vehicles for electric uh, drive train vehicles. we have to get away from the individual vehicle as a primary mode of transportation and emphasize greater use in expansion of mass transit options. that's going to be way more sustainable in terms of the inputs use for of the transportation sources than you know, 300000000 new a private electric vehicles went up, i suppose, tyson it kill 2 birds with one stone. i fat a b s american slot. and because our fat no beef, oh, can't say that. all right. oh, thanks, bring our cars report. i see you still down there and they say, i don't know how you do it. you must have a huge supply of vomit bags ready to go at your disposal dealing with this stuff,

but god bless you. thanks for being on the show. always great to be here. best. sorry, not going to do it for this additional cost. a report with may max kaiser and stacy herbert want to think, i guess, tyson slocum, until next on bio. ah ah. ah, in russia this class of car was discontinued more than 20 years ago. even lost a more than a sort of can you sell it to because of this dealing with just important factors. it took 5 years to close the gap on the world car industry from the drawing board to the 1st finished model. skip sister will over certify. excellent. full scale dealing with my food ocean from a small school. well,

we'll shoot for shift almost with crockett, with, with a, the a

president putin pledges to russia will be carbon neutral. no, later than 2060 in a message to delegate. so the humans climate summit in scotland as the west pushes for action and top $26.00, we look at how their ambitious plans might hurt nations dependent on fossil fuels. and then h. s. executive warms that mandatory vaccines for britain's health care staff could spark and accidents of workers and put lives at risk and france delays its retaliatory measures against the u. k. in a dispute. over fishing rights up the britain threatens legal action. ah .