to isolate russia, india has never gone along with any american our initiatives to isolate our law. impor sanctions, our little why court russia did that in 2014, also or after the crimea, i was reintegrated. russia. the barack obama administration are reminded that the we should or join sanctions and our why got russia, we know what did that, and i cancelled by years, so we would hope that better since rebels. we are also talking to the west on the issue of our sanctions, threatened sanctions on india because we are buying the s 400 from russia. and we have a category bonham with russia. it's a special partnership. we can never abandon them. okay, this round up, some other global news stories for you. starting with violence in greece, pent up fury over police brutality boiled over in cities across greece. on the 13th

anniversary of the fatal shooting of a teenager by an officer. far bombs and stones were lobbed at riot police who hit back with tear gas syria claims israeli war, plains fired missiles at the portable attack. here, a number of shipping containers were destroyed. israeli military hasn't commented yet on the incident. and wall cove, it restrictions great anger in germany, hundreds marched in fryeburg despite and regional ban on gatherings of more than 10 people. this is much almost an hour until the police cattle them that brings you about up to date. don't forget more stories available on a website. check them out at r t dot com. ah . well,

what we've got to do is identify the threats that we have. it's crazy confrontation, let it be an arms race is on, often very dramatic development. only personally and getting to resist. i don't see how that strategy will be successful. it's very difficult time. time to sit down and talk ah hi max kaiser. this is the cash report. last a talk about stacy max. one thing you can learn from history is that the elite, when everything starts to go wrong, but they always do is blame the people. right. so 2016 we've seen, of course, the people be deemed deplorable. they are deplorable people who

deserve all the stuff coming to them because of the co locked downs. for example. well, as kaiser report has been warning, inflation as roaring is no longer transitory. it's almost permanent right? well, us treasury secretary, yellen, consumer spending in the united states has been concentrated on goods, which has exacerbated supply chain issues significantly. so it's the consumers, the citizens, the residence of this country who are to blame for the inflation because they keep on buying things with all of their biden bucks and all of their asset price gains. because remember, house prices are up 20 percent year on year 2 years in a row. everybody's failing rich, and they're spending. right, well, we've been talking about this inflation story now for several years because it's

a disaster waiting to happen. as, as early as i was recently, 67 months ago, the official policy from janet yellen and others was that the economy was suffering from deflation. and we said that was actually a very so fast way to look at it. that was a manipulation of words. the problem was insidious and incipient and growing inflationary pressures, as evidenced by the blows in an asset price. as we said, this was all basically lying on behalf of the federal government. then we entered into the transitory inflation phase that we're, we're exiting now, but this was very predictably coming after the lies about inflation, didn't work anymore. and the real inflation hit now, or at another juncture, where they're saying that it's really now entering a secular inflationary period. or a semi permanent and inflationary period, exactly. as we predicted for

a very simple reason. when you print 40 or 50 percent of the nation's money supply within the preceding 12 months, you get inflation. i mean it's like 2 plus 2 equals for johnny and blaming consumers for buying stuff is the kind of the height of hypocrisy. and it's the height of cognitive dissonance and is the height of the american empire to be quite frank. i mean, this is the n a folks. john ellen is a buffoon. joe biden is mentally incompetent. and j powell is a crock. well, i think the peak was actually back in 2008 when we 1st started cars report, 20082009. and we've been covering the slow decline. and now is the southern part. and you see everybody up to that life ray dalio, multi billionaire who's also talking about the rapid decline of the us and how you know, you need to protect yourself from the dollar declining. and in terms of this situation

that the treasury secretary janet gallon describes on the ground like our observations just here in north carolina, is that everybody, it is like the roaring twenties people are out there, spending every single hour of the day as rush hour. people are house or spending consuming and it's it, it's wild because also like there are no work. so it's total entropy. decay chaos, like everywhere you go and he's an, a supermarket, any restaurant, any, the post office like there are no workers there. and there is lines out the door for every single thing you do. the dry cleaning in our area used to be 24 hour turnaround for years. now it's $67.00 days. so because they don't have any workers . so there is a kind of chaos and entropy and just disintegration happening very rapidly. well, this is the faustine bargain that really began with reagan. you know,

the famous reagan satcher era of financial liberalization. this is when america decided to send all of its high paying jobs in factories to china, and the message from reagan and his, his subsequent presidential people, is that you know, you in america, you can just at home and consume, either need to work because we have chinese, the cost of labor is so cheap, everything. all right, but wal mart and, and even with your minimum wage job, you're going to be able to have a flat screen tv. you can go up brand new winnebago cheap, high fructose corn syrup in your 20 gallon jugs of poison, you know, don't, don't worry about it at all. okay, now it's 2021. and then we see the consequences of this at the end of an empire. well, we should all hope it's the end of the empire, of the super imperialism. as our guest in the 2nd half dr. michael hudson is going to talk about. and of course, that's all based on the empire debt and the petro dollar. so there is something

that it does remind me of because we talk about the can tell in a fact that those closest to the money printers benefit from the 0 percent interest rate. so that's wall street, that's washington d. c. that's san francisco. that's anywhere big corporations, triple a rated corporations, and then it trickles down by a time, it gets the deplorable masses. it's like got 15 to 20 percent interest rates, but you have that on a global scale too. so the interesting thing in the observation i'm making of what i've seen, where everybody has bye to box and stock prices and house prices are way all time highs in some of the cities like it's twice as high. the property prices, as it was in the last peak of the last bubble just from 10 years ago. so it's kind of like this. you know, we have a saudi system whereby saudi arabia has 7000 princes and all the royal families. and the oil produced support those families,

but not much else happening in the economy. whereas we have the same sort of situation here where we have like 300000000. well say 250000000 saudi prince as american princes and princesses. and you know 50000000 deplorable sis white males who are maga and should be, you know, unloading the goods for us. go do it, go to your job and deliver our goods for us. yeah, we have a kind of a system where the ability to print money means that folks have given up trying to be productive or work for a living. right. and they just stay to beg the government for more money. this has been tried a few times before and communist china, communist soviet union and other communists strongholds and stammer worked so i don't see, you know, as just people who have at least some modicum of intelligence trying to mimic fail

system of socialism in the past by recreating it here in america, it doesn't seem as mandab empire. well, yeah, it's that printing system that i'm just saying like when they leave, don't even work. they don't do anything. they're out all they consuming and hang out, having coffee and cocktails. you know, the point is like, if you call the people deplorable, if you throw brioche at them, if you, if you insult all day long, you're major creditor and the, the country like china that provides all of these goods that jamming out and says we're trying to consume is like at a certain point like they, they reflect to you and show you the mirror like, no, you're the one that's the bomb you sure. the one that's not paying for your good. and i talked about paying for your goods. here is a tweet from the president about salvador himself and he's basically quoting kaiser report and asked by the old, i'll try to say and find out because he tweets and spine, your el salvador, put that i saw the absolute month day toda suda extern,

columbus bonus bitcoin case, quoting that you had said other recent interview on kaiser report that fabricating a pay off all these debts to this bad debtor nation of the united states with these big quite buttons. yeah, they've got external debt, approximately 20000000000. let's call it, which is now approaching approximately called 90 percent of g d p. where it took a big jump in the last couple of years. volcano, bonds bitcoin back. volcano bonds are a path toward thing, down all virtually all but that. so i'm kind of making it my mission when i get back in to el salvador and the next couple of months will be there. the goal will be to figure to work on this plan of eliminating el salvadoran debt within 10 years because he is a bit corner and bitcoin his honest money and we pay our debts and we are. this is

honest money on like the dishonest money of the other system where debts are never paid and they're just rolled over for decades and decades. and i'll show you that in this next tweet and the headline, because obviously el salvador is on a dollar standard and now a bit coin standard. so their debts are in dollar, they can't print it, but look what happens in europe taper. what isi balance sheet keeps rising despite rampant inflation. total assets have risen by another 14700000000 euros in the past week to hit fresh all time highs at 8.457 trillion, e c. b balance sheet now equals 81.2 percent of your own genie p versus feds. 37.4 percent. bank of english, 42 percent. and the bank of japan's 134.6 percent. that's the the bomb lifestyle i'm telling you about. they're never going to pay their debts. they have no intentions of paying their debt. and they're forcing basically the deplorable 99

percent at the bottom to pay their death through the inflation. right. and the they have one huge point of failure, and that is energy cost because all that money printing is driving up the energy cost and it's gonna force russia into the issue. and for that to happen, nato in america military has got to exit germany. when i call it here 1st you say i'm crazy, but that's what i'm calling. well, so the energy costs, food cost, lumber, cost, commodity cost, living cost, housing costs, health costs. all of those costs are going up. and like i said at the top of the show, the elite will blame the bottom. they've already started to blame everybody else for every single cost going up. in the case of oil as russia, as saudi arabia, as their fault, even though just 2 years ago,

we were bragging that were the number one oil producer in the world. and so suddenly what like everybody else is to blame. but us like, where's our oil? like they're always going to blame everybody else. and that's, that's just the end of super imperialism. well, energy is life. everything risk rest on top of a foundation of energy. and that's the primary commodity of life. and that will fundamentally change. i mean, look at the agricultural industry, it's all based on petrochemical fertilizers, that's all based on energy. so you can have food that metric chemicals of that energy can't have anything related to it. so it's, it's, that's what's gonna happen, right? an interesting, cyclical years of change in all the players are gonna realign a new alliances. and the big winner will be, of course, big coin. and within the winters of the winners will be el salvador is going to emerge as was leading the entire world, because they have the energy of the young population and they have the energy, the eternal, nonstop energy of the volcano, bonds emacs kaiser,

heading that way. i'm excited, i'm going to definitely become a semi professional surfer. maybe not. anyway, i'll take a break when we come back much more coming your way with join me every thursday on the alex simon, sure. i'll be speaking to guess with the world politics sport. business. i'm sure business. i'll see you then. mm. the me welcome back to the guys report. imax guys are time now to turn to dr. michael hudson,

and he said with an updated and expanded 3rd edition of his classic super imperialism. the economic strategy of the american empire. welcome back, dr. hudson. back next michael yearbook, super imperialism has become a big hit in the big coin community where you are aware of that. and why is that the community you're talking about looked at, or just how to do it book they really didn't expect when america was told, they thought this is how we control the world. since 1945, our gold means that we can tell other countries what to do. we can be the creditor and buying their property once the vietnam war and war and military spending pushed us into deficit beginning and my think that they won the goes a cover of the dollar was ended and then washington they were all worried. how are we going to express our diplomacy when we don't have any dollars to do it?

and much to their surprise, when you're going off the gold confronted the foreign central banks or the problem . what were they going to do with all these dollars that the u. s. was throwing off by running a trade, spending abroad by buying out or in companies they found they really couldn't do anything but recycle all these dollars to the united states by buying treasury bonds. because if they didn't recycle these dollars, there, it would go up and their exports a big price out of the market. so my explain how are going off though, actually created a new form of international exploitation. and the urban con, a meeting, a drug burden. my god, you show this is the biggest industry. this is great. will you come and join me at the 2? 0, he told me the ca and the state department were the biggest buyers, the super imperialism. and the duke got an $85000.00 grant for me to explain to the

treasury department how the united states was getting a free ride. exploiting the rest of the world and making other countries stay for the military spending that was surrounding the rest of the world. military faces and taking off. you are not for a gold standard, however, not for a gold standard, but the gold is the only thing, but the country able to agree on for the last 2000 years. because for silver, if you have countries, you know, what are you going to buy? well, countries, how are we going to keep your savings? well, countries don't want to say even the form of lending money to the us treasury and getting treasury bonds. the united states doesn't like the holders out there, holdings or fries more. and in any case, there is no way that the dollars of us that are going to be repaid or something

that everybody's already used to dealing with. and so i do expect that china, russia, the shanghai cooperation organization and other countries are going to realize that if you're not going to hold dollars, if you're going to be dollar rise, then gold is the path of least resistance because it's familiar. so the folks who are behind super imperialism, the u. s. dollar lead global hegemony. they don't like for people or for countries to have excess savings. right? only if they invest their savings in treasury bonds or do what the opec countries are, they, they would send their oil earnings by buying us stocks. us funds, or when japan had a savings before the plaza court, spend all of money on real estate. but when like rockefeller center,

they lost the $1000000000.00 or across the stove or so. so the question that they don't want other countries, they have savings that are not under the us control. they don't on other countries to be independent. and part of that dollar had gemini and keeping the us dollar as world reserve currency and control over various global economies as the ability to inflate that dollar supply correct? you can just print it electronically. there is no limit to how many dollars and the important thing is that you can print the reason it's for free. if you buy gold, you actually have to produce something. they get the revenue to spend on the goal because the united states can simply print the dollars either and paper or electronically and essentially buy up foreign resources or buy in parts or spend on monetary operation. so a moment ago, when i mentioned that the big claim community has embraced your book super imperialism, year comment was that they see it as a how to book. what did you mean by that?

that meant that they could see the problems of buying dollarization, the problems of buying, keeping your savings and your dollars other countries to look for an alternative. and the community hopes that one alternative will be what equity and save point b dollarization is going to create a market for non dollar assets, either gold or going or whatever. i don't see other countries buying but going because of the huge volume of savings that are in central banks. so el salvador is made big, clean, legal, tender. and they are also committed to adding it to their strategic reserves. and they're also going to be mining bitcoin, converting virtually free geothermal energy or volcanic energy. but we are seeing

in the region, dr. hudson, contagion a few well other countries on the central america. and this is typically the backyard of american imperialism for sure. they are looking to mimic el salvadoran, adopt a big point standard, make big coin legal. they have of course, as you point out, a huge reserve of assets. but the thing about the big coin price, like any free market, it can simply make that adjustment and the price would go higher. there's no limit to how many of the $100.00 trillion dollars, let's say, in the global bond market, could be absorbed by bit coin. right? yep, that's the question. have you had a change of heart? because the last time we spoke about big coin, you seem to be ambivalent about it if slightly negative as there been a change in your thinking. no, i'm anything even more negative than before. the reason the central american countries been thinking is going to save the money, not in dollars. what can we do in a way that does not offend the united states because we're talking about

a client about like our kids are remaining in power only under u. s. support, so they can't really buy gold because that would be viewed as doing what china and russia and other countries that are not friendly to the united states are doing. so united states is quite happy to see them and invest in time for one thing. this builds up, the price is going, it enables wall street speculators to make a large amount of money. and at some point, if the countries ever spend with it'll push it way down and they'll end up losing their money. and the united states is not averse to other countries, losing their savings in reduced or ability to be in on like any other asset and history with bitcoin, it is in fact without any equivocation on confiscated. will the united states,

if they sent in the marine corps and they sent in the pentagon, could not take el salvador is bitcoin away from them. and they don't need to sell big coin ever. they can simply loan it out and use it as a reserve to finance. for example, bitcoin city, which is a project that they have in mind. they are building hospitals using this as a strategic reserve. the i, a map is against them embracing bitcoin because it puts the map out of business. and the very thing you talk about and super imperialism about us institutions using debt as a weapon. i don't see how this is going to be the same, favorable by the super imperialist, over at the i m f or the central bank around the world. there's a huge disconnect for me. can you explain more? what am i missing? well, at least leaf unfavorable. what else there are countries are going to do a combined goal or combining security. what on earth and they're not able to buy us

businesses because you know what they're going to layla on venezuela drive that they there's really not much choice for them to do. and buying point is not a threat to us. money is something independent. it's a different game. those use a lot of energy, as you pointed out, that's a huge. it does not be. it's not environmental lake conservation list. i think the u. s. things well, there could be worse things when, but all right, just to be clear. the geothermal energy that all sound will be using to mind big coin, which is a fact stranded energy or energy that not being used it's, it's ecologically inert that has no ecological footprint. whatsoever, as a matter of fact, it pulls away from those industries that cause ecological problems. also now

salvatore, the economy is set to grow and their carbon imprint footprint is said to decline again. that goes against those people that have been supporting the white elephant projects on climate change. we're finding out, for example, in great britain that the wind energy projects that they've built over the last 20 years are becoming useless because something like less than 10 percent utilization . last year because we have a collapse of actually the wind flows around the world due to the ex credible pollution that generates by 8000000000 people around the world. so again, help me understand, you know, here's hillary clinton. she says that big coin threatens the role of the dollar as reserve currency, the bite administration warning, big coin made sanctions difficult to apply to nations like i ran. ok, you can do transactions with iran and the u. s. can stop it. you can save your wealth and big point,

and the u. s. can't stop it. i really don't understand your point in terms of this is something that the u. s. would encourage that if the funds, the dollar, it's de monetizing gold. gold is being sold and being channelled into pick going in the monetizing goal is the monetizing the dollar. how can that be good for the us dollar had gemini, doctor michael hudson. one thing united states spears more than anything else is losing as other countries going on, the goal of losing the power with the u. s. gold stocks still has and joining it basically, going on gold would make part of the china russia around the the socialist embry alternative. and anything that is not goal is less of a structural threat. the united states isn't really worth here's our for up thing,

but that's categorically false. anything that's not gold, in this case with big coin by d. monetize in gold is not only is it a threat, but it's an extinction event. this will put in extinction of an on us dollar gemini, because it's a 100 percent pure monetary signal, whereas gold at most might be 80 or 90 percent monetary signal. this is 100 percent monitor. this is, this is, this is kryptonite to america superman. this is our vulnerability, dr. michael hudson. i mean, i think we're getting very close to we gotta take a, we gotta carry this over to park to. that's what we're going to do. but for now, thanks for being a kaiser report to be here. all right, that's going to do it for that as part of the kaiser par with re max kaiser and stacy herbert special guest, doctor michael hudson. he's out with the 3rd edition of the classic super imperialism. to hear it till next time. by y'all ah,

ah ah, is it now young thing, are you oh no, no, no, but they did in a valuable mm hm. not that happening. my mirror, now i own my hair up my lap, and i had that i man thought it's not like an integral. marla van thought no along after a bit a well, i mean a relationship with sonia. make long i've been peter and ah, ah,

ah try says talks between joe biden, a bloody lip. putin all scheduled for later on tuesday, triggered by tensions of ukraine. we talked exclusively to the russian president spokesperson, with the rhetoric coming from the u. s. and e. u. leaders sounds pretty aggressive . we see plenty of fake news about russia allegedly planning and aggressive invasion. china shrugs off a us boy cancer this winter olympics pointing out that the american diplomats weren't even invited or european states imposed mandatory vaccination. discontent sweeps the blog that been processed on the streets and politicians have declined what like grounded shopping state to collision.