joyce, i'm, we must hope that cooler heads prevail. it struck me as being so obvious a blind man could see it. an international lynch mob seeking to convict without evidence and execute the russian state for anything that happens anywhere on their territory. and i'm sure that russia will respond, it needs to show that it will not be kicked around any more. this is not the yeltsin period, where rushes lying drunk on the ground, having its pocket picked up, put, and has made russia really something again. and he, i'm sure will want to show that it's a word we keep hearing this winter season installation. max and stacy delve into what that means for the money in your pocket. right after the shortest of breaks.

i mean, you must either so did it in as shown to don to stand together. we'll continue to stand together against russia. 80 in germany repeat some of the arrows that we doubtless made, say notice if he needs a chunky daughter about their building influence other nations, france b, u. k. and even latin america and other countries in ginger than maybe beware to high rung, whoops, cycle pollute with members of your household. please, please, please, please. we are to continue to fight. no, don't do anything. i just need to rush. you must not be allowed in germany. i don't want you to call and leave it so short so being out in the innovation,

the 5 and the yes are to in the 80 the enough mrs. guns until sunday. oh hi. i'm alex kaiser. this is the guys report master station in mexico city. part of our winter southern, so journey heading to the promised land el salvador with a big coin standard, the hope of the world. but we're in mexico city. things are happening. they tell us more, right, max. so while we've been traveling here, what i noticed was that there was an inflation in inflation propaganda. you know, kaiser report was the 1st of the global financial news programs, unlike bloomberg, on like wall street journal. unlike cnbc, we warn you about inflation coming. and the mindset setting in,

well over the past week or 2, we've seen an extraordinary amount of, of what shall we call it propaganda about how great, you know, inflation is supposed to be. we already covered that one from a few weeks ago, whereby they were saying, you know, inflation is good for the poor. well, let's start with paul pregnant. the, you know, that guy, they, nobel economist, they call him that he was at, he's at the new york times and this is what he tweeted. aside from priorities, is this even true? i, he was responding to an article saying inflation is bad for the poor. is there any good reason to believe that inflation hits low income households especially hard and then he followed it up with the 2nd tweet. inflation redistributes from creditors to debtors. not exactly a burden on the bottom half of the income distribution. so sad because he's telling

people that can least afford to go into debt to go into as much depth as possible. it plays into my idea about it straight apartheid. obviously paul and his friends are on the new york times. they can borrow money at 0 percent and never have to pay it back. but for everybody else are borrowing money at 18 percent on the credit card or 2500 percent on a payday loan. and of course, when they can pay back the debt collectors, call them, they become impoverished and homeless. and so he's no better than the clerk. right . who was the villain of apartheid in south africa during the 1980s? all treatment is the, the clerk of this cycle. of inflation it's, it's, it's, it's shameful, really, but you know, he's a guy who is not an economist. you just paid mouthpiece for the absolute worst financial terrorists in america. but that's his job and he loves he doesn't. he has no shame. well, let's also talk about the fact that everything from the arab spring to the haitian

riots and stuff like that, they're caused by inflation and food prices, right? that's what causes that. those poor people do not seem happy, but even in the u. s. ok with access to debt by everyone who has the most that pub pregnant. well, the government that you, you know, you are doing some work for by the by didn't administration and the corporations, there's never been so much corporate debt in stock by back to the 1st. of course, you know, the big, the funniest was viral tweet of them all while we were traveling here was from joe biden himself, where he treated the united states, pays it's debts when they are due. that's why today i find a bill to fast track the process to raise our debt limit. well, this is what happens when you elect a senile man to become president. he talks on t v in words that you would expect as assisted living facility. and you would wheel

him back to his room, gave him some old meal and stick a tube in it, and hope he doesn't fall over the floor. that's it. that's the only thing you can hope from joe biden. the words coming out of his mouth or so fricken stupid. and so cognitive dissonance that you know, if he were again in the hospital, they would be talking about fill of end of life solutions, hospice care. that's how stupid and ridiculous this is. well, you know, the fact is that you can't pay off debt with more debt. you're not paying off your debt, you're still defaulting. the u. s. to fall to the 1971, august 971. we covered that here on kaiser report. the 50th anniversary, just past joe biden, 1st came into power during that time when he 1st entered congress at that time, and 971 or was that the senate? nevertheless, he's been in power for 50 years. as the u. s. dollar has declined. he knows that a rolling over this debt over and over and over until we've hit 0 and now negative real rates. well, that's not actually paying off her debt. and there are many,

many funny means, but we're not going to talk about that at the moment. because i want to get into the fact that here paul crosby was saying that the bottom 99 percent the bottom 99.5 percent. that they benefit somehow from inflation. because inflation, you know, inflates away the debt that you have. well, right now, the stock buybacks another story that max might have been covering quite rationally and quite interesting lane calmly over the past few years. is that stock buybacks have been hollowing out the economy. hollowing out industry, hollowing out corporations by swapping the productive assets. and that the assets you know, full stop and swapping them with debt. so this past quarter, the 3rd quarter of 2021. we saw a total of $234000000000.00 in stock buyback

running at an annual rate. that's a trillion dollars. so to put the magnitude of stock buybacks and perspective this annualize is to one trillion dollars plus per year, or would be about 2.5 percent of the market cap of the s and p $500.00. right? so the stock buyback side, the fact that these companies are losing money that they report increases in earnings, but that's due to the accounting fraud of stock buyback. that shrinks the plot of the stock and makes it look like, oh, they're making money. if you are a strip out the stock buybacks, the average american company would be losing a lot of money. and the average price earnings multiple for stocks on the s and p $500.00 would be not only at all time eyes, but to times all time highs. we're talking $4550.00 times earnings, which is to say they're completely trading on air. you know, paul drug man just to touch back on that. he would say that inflation is also good

for people because their wages are going up as well. but i'm going fast mentioned that at no point statistically have wages gone up as much or faster than inflation. so once again, paul progress nobel prize winning economist cannot add 2 plus 2 and get 4 for him. 2 plus 2 is not for the wages are going up, certain percentage inflation is going up at a great percentage. that's a net loss. i mean, this guy is not too smart, right? well, in that photo that accompanies that tweet, i just read you see hertz and there. and hertz, of course, went bankrupt and 2020 until the robin hood day, traders rescued it. and they are engaged in a huge stock buyback. now, less than a 2 years after they nearly went bankrupt. max, when you worked on wall street, this sort of thing never happened. but also, you know,

we just discussed that the president had said, ok, i'm here to sign into law that we're raising the debt limit because we always pay our debts. i mean, this is the same sort of thing every, it's, it's that roll over all the way down, you know, everywhere you look it's, it's plunder. it's the, it's a private equity model of just swapping debt for a bankrupt entity. and you keep on loading up already bankrupt entity with more and more debt and toll, you just crush the company. and that's like most of the big, big companies that survived hundreds of years in america got crushed by the private equity model where they had a whole bunch of debt loaded up on them and then it all collapsed right. it should be noted that we also see the us dollar going up at the same time and other currencies around the world falling and entering into hyper inflationary collapse. that's by design, the us by supporting bankrupt companies like hurts and by supporting stock buybacks

and crooked like warren buffett. they are driving the world to global conflict, which is unconscionable, because you know, just because bill gates wants to make a few more $1000000.00, we're going to go to war with the rest of the world. it's so sad, but this is america today. i thought you were going to do that song of the thing it because, you know, of course, everything is copyright. that's the only thing that's still a productive asset. you could say in the united states. but, you know, the other thing, this inflation and inflation propaganda happened after it was reported by oliver darcy, who, i guess he works at cnn, or knows people who works at cnn. and what we're saying is that sienna and executive and reporters were meeting with the white house meeting with jen to fax. and they all decided that we need to have like, better news, economic news. it needs to be presented like a sure cheerful, happy, like view on the economy and then you sure enough you did see

a whole bunch of like, hey, everything is great because pataki says that it's the but when she was questions in a press conference about you know the ratings numbers for bite and collapsing. she said, well people have the wrong perception about inflation, like they're not reading enough paul pregnant, of course, because paul pregnant is also thankfully, like behind a paywall so nobody can read that stuff. thank god. but, you know, in terms of this, the inflation and inflation propaganda here is don lemon of cnn praises biden administrations work on gas prices. so just like that famous north korean sort of presenter who was like, the mighty darren leader has shown the world that we are the best we are the most powerful we have the weapons to destroy. 7 the world, well that's with,

that's what he's suggesting here. the santa state funded state control media and youtube for honest there would say that under every there you tube videos, state sponsored state funded state control media, sienna and b. c. a, b, c bloomberg. they're all state funded, state control, and it's a shame that the sockets i had to go on there and it basically cloak herself in a veil of shame, pushing this propaganda. so shamelessly i would say that it is not is 0 percent state funded. what it is? is 100 percent be funded. it is 100 percent. all of our funded it is 100 percent corporate funded and the corporate people who are that can tell you errors who benefit from the money printing. they want you to have this sort of money printing policy continue. they want you to support it. these people are not acting

as a government by for the people. this is not what they're pushing. they're not pushing that they're pushing the interest of military industrial, complex of intelligence and surveillance. industrial complex of, of the big tech complexes. they're pushing the interest of those people. it is in fact, corporate funded in the way that they're not being quite honest about the benefits to the elite of money printing. the money printing benefits the elite. this is the name of the program, which i said is inflation in inflation propaganda. so when you're propagandizing, who you propagandizing in on behalf of max and i on here on the kaiser report cover, the can tell you our class, the can tell you an errors are the ones benefit and the can tell you errors want a money printing system to continue because they do better than everybody else. and that's what we're seeing. i don't know what you want to call. you can call it state funded. you can call it corporate funded, you can call it whatever you want,

but i believe it's can tell you are funded. right, right, exactly. if it were government funded, that's not necessarily a good thing or a bad thing. but if you say it's corporate funded, that is 100 percent a bad thing because that's called fascism and fascism. i think we fought a war over. i don't remember it because it was a race from google and it's not acceptable anymore. hey, we're going to take a break and when we come back, much more coming here away. ah, [000:00:00;00] a scientific knowledge has never been so readily available to everyone across the globe,

but overwhelmed by information. can we distinguish the real science from the one being imposed upon us? we're living in a world where there are many people who have a vested interest in finding information, finding scientific evidence, and discredited. even the notion that science could provide the truth about the natural world in the pursuit of business goals, launch corporations, a challenge strongly by scientific evidence. if you're emotionally invested and free markets, then climate change is a serious emotional threat. because dealing with that means we have to change our approach to business industries or on the war bar, attempting to debunk legitimate science by producing new evidence in science, lighting science. that's how ignorance is manufactured, their attention only seeking to the rail science rolling using science against itself.

ah ah, welcome back to the kaiser report. i'm max kaiser time now to go to john or beano of dollar collapse dot com. john, welcome back. a max going to be back. all right, i'm going to mention 6 things to you. tell me where we are in the cycle. here are the 6 things. inflation, stagflation, dis, inflation deflation, shrink,

play sion and hyperinflation. where are we in that cycle? john? we've got several of those going at the same time, but i guess i would have to say just inflation right now. although stagflation and translation are in there somewhere. good. you know, it's, it's important to note that we've been in an inflationary economy for a lot of years now. it's just a inflation has been narrowly focused in stocks. once in real estate, those things have been going up while and in so those things were seen as good from the point of view, most people in from the government because they don't count that as regular inflation. so nobody thought that the dollar was losing value when actually it was plunging again, star points in real estate. well now the really, inflation is starting to become more broad based. and regular people are starting to notice that the cost of living is going up and that's what the changes right now

. all of the sudden it's real for more people. and, and for instance, just to give you some examples of the last year or 2, you know, used car prices are up 40 percent. the last couple of years. corners up 26 percent this year. coal is up 61 percent. and what was the natural gas, i think is a 3rd, which kind of raises the question, how do we only have 6 percent inflation? if so many things are up in the mid to high double digits. and i think we'll sort out eventually, but it could be that inflation is actually quite a bit higher even than what we think. even though what we think it is, is kind of at a crisis level right now. you know, that said wouldn't normally raise interest rates at 3 percent inflation because their target is normally 2 percent now or 6 percent. and it's still not clear what's going to happen. so this is, you know, this is a big, both real and psychological change in the market that i think makes 2022

a really interesting year. yeah, let's talk about deflection for a 2nd, because up until maybe 6 months ago, the central banks are talking about they need to fight deflation, and they need to keep interest rates low. and then they're not sure if they're going to hit that 2 percent inflation target, but against the backdrop of a very simple fact tables purchasing power for their fear. money has gone down for 50 years. and so another way to measure inflation is in purchasing power, and at no time as purchasing power are gone up and 50 years at no time in the last 50 years. are people reporting on the fact that, oh gosh, the dollars in my wallet are buying. so much more at the grocery store, that's never happened. how did they get away with calling inflation, which is what we've had for 50 years and one way or another. how do they get away with calling it inflation is not just an outright lie. well, you know, they've gotten away with it for a couple of reasons. one is because, like i said, the,

the real price increases ordinarily focused and things people don't normally think ups in place. and then you know, bread and milk and used cars. they didn't go up that much. so one or 2 percent increase in something that people don't notice and that's what we had in a lot of the basics for a long time. but we were in an inflationary period. you know, like you said, the dollars last purchasing power for 50 years and it's lost a dramatic amount of person power versus financial assets. and so now that is spreading out into other things that's, that's a whole different thing. but you know, it should be said that all the debt that we've taken on is profoundly deep sleep center. in other words, we accumulated so much bad paper that the system really wants to chip over. it's a 1930 styled depression, which is what the fed is leaning against by creating all this new money. you know, the, the m to money supplies up 30 percent in the last year. and if i'm understanding the chart the fed puts out about and one which is a narrowly focused money supplier gauge. it's going from 4 trillion $1.00 to $20.00

trillion dollars in one year. so that's a sign that those guys behind the scenes a panic. you know, they know we will chip over into a deflationary depression unless they inflate their way out. but the numbers that are required to do that to you know, to hold off on that paper blowing up. those numbers are so immense that you get all kinds of inflationary effects once you get it just right. you know, they didn't get it or just right over prison in the last year. and, and that's why we've got to excel reading inflation right now. so this is kind of the beginning of the end game in the story that's been told by the sound money community in the gold bugs for such a long time. you know, eventually there would be a moment of bust in which the bust was so outrageously huge. but the government would have to bail out everybody in science and the effects of them

bailing out everybody in sight would be profoundly deflationary earning destabilize and inflation or, and that's kind of what we got now. so, you know, the fed is in a box right now and they know if they, if they allow the current inflation rate to continue, then people will kind of finally clue in to the fact that we're an inflationary environment. we'll start acting accordingly. don't panic by everything inside everything that we're going to have to buy in the next 2 years, they buy right now, which pushes up the prices even further, which causes more panic by et cetera. and to get kind of a currency that spiral, they call that to crack of food in the austrian school of economics. but they don't do it if they try to lean against this inflation and raise interest rates back to normal levels. it blows up to financial system and that's kind of the only 2 choices. so they're, you know, the sweater at now because they, i think they understand that those are their choices and they have to pick one. and that's why they seem like they did or because the fed honestly doesn't know which one to choose. because the effects of making a mistake, i'm

a sent you the way are remnants. and, you know, they don't want to be the herbert hoover of the next generation. they don't want to be to weimer germany of the next generation. but those are kind of their only 2 choices. so if they weren't such idiots, you could sympathize with them a lot like wait a 2nd here. so you're saying, oh, the debt is quite high and the dad's getting bigger, but the word debt. there's a pretty standard in irrefutable definition of debt. it's a per piece of paper that has maturity at maturity. if you don't pay the debt a default on that debt. now the u. s. hasn't paid its debt in 50 years, john, why we even call it debt. debt has the u. s. engages in their debt, financing. other economy is money printing, it's not debt. what it's let's, let's just erase that this part of the problem that we have here is that people are,

if you keep on calling it that it's not that it's just money printing. if it was debt, then there would have been a default right by biting. just raise the quote, debt sailing. there is no debt sailing. john is perpetual money printing. that's why i read. that's why there's inflation. that's never been deflation. i mean, i, again, i get to my, to my question here you have government officials staring into the camera and lying directly to people in a treasonous banner. john, well, i will accept your definition of what they're doing as treason that's, that's, that's very reasonable. and they should be dealt with as somebody who's committed treason. and we are full in full on m m t. like you said we're, we're doing monitor or modern monetary theory right now. it's not telling anybody about it where we basically finance the world's major governments by having the central banks just print money and just toss it out,

even the banking system. but in the process, we con the, the private sectors of most of the developed world in the big part of the developing world, into borrowing a huge amount of money that is debt. and that has to be paid back to china as an example. they've run the, you know, the mother of all financial bubbles over there and in the process that convinced the private sector to go all in, on realistic about 70 percent of chinese household assets are now connected to real estate in one way or another. and the real estate sector is imploding about is hugely deflation. are. but you're right that more than likely what happens, it is that the government steps in buys, are, you know, the true enough to one, to bail out this gigantic real estate sector. and in the process, bail out all the private sector, individuals who have invested in the real sector. so that's how you get the hyperinflation to blows up the currency, the world. and you know, i think that's still the most likely outcome. i'm saying that if they don't intervene in a massive where you get

a 930 style debt driven depression because the private sector blows up. i don, i don't know where i'm going to have it. that $930.00 is that the deflationary depression because there were no longer on the gold standard. there's no anchoring of the economy to anything physical or anything that that is real is completely phantasmagoria call. and they've committed themselves to print money and to death. so literally the chairman powers like a goldfish, if you will, till 8 am south to death, they will death themselves to death. again, its tyranny. and as far as china goes, america is wilfully stepping into a war with china by putting china into untenable position. and these debts and these obligations are completely failing, and this always leads to world war always leads to war john. so that's another quiver in the case against this current administration for tyranny that only they printing the money to death,

but they're wilfully bringing us into world war because they're a stupid b corrupt and see greedy. that's where we got. there's a remedy. you know, for this and what that will every day we wait and to exercise our remedy. we if the shame on us john shame on us, it's not the policy makers, they're the ones getting rich off the, the stealing of all this money. it's a shame on us, john, for us, for not exercising our constitutional remedy. in this case, john. yes, i agree with everything you just said. they're much longer. we ways to rebel against the current system. in other words, the system where there's an aristocracy siphoning off more and more money from the 99 percent. the worse the actual consequences will be. and, and, you know, people are starting barely to clue into this, but i think we're a long way from people completely figuring out what's happening and gotten away a lot of this wish. i don't know that's a subject for

a whole show right there. but suffice it to say that it gave the aristocracy another couple of years in wes to steal from everybody else. now, you know, the question became becomes, how long can this go on? how long can the financial system survive with money? supply broke double digit rates in a private sector, dec, soaring and stocks reaching valuation levels that are absolutely unsupportable in anything other than a wildly environment. i have learned not to make your head predictions, but it does feel in 2022 is going to be a year when a lot of this stuff comes to a half, you know, when a lot of people figure it out and start acting accordingly. so we've got some very interest in times ahead of us. another question becomes, you know, as individuals, how do we protect ourselves? so then then we're into the investment pieces aren't best, although the investment they for some park to for now, thanks. are buying our cars report nice backs. ok. that's going to for this

additional cars record was may max guys are stacy or i think i guess john robina until next time i'll ah, with ah, the head of nato vellows to keep expanding the western military alliance. subbing yet more countries near russia, in spite of protest from moscow news network, cnn fires have produced sir, after he's charged with sexually abusing children questions and are being us as to why it took 18 months for police to make an arrest. or