a corporate blue moon my view proudly is that genocide has taken place. far more than anyone acknowledges. it takes place frequently. it has taken place in virtually every country in the world. so why does it come to be called in? well, there's political will medical mobilization if you remember, wanda, nobody initially wanted to him or may knew it just i was saying like nobody wanted to call it. eventually that label came to take place, but not at the time when a mentor and full name. and part of that place is ation is if you say it's genocide, is suggest that you need to do something

the saudi max kaiser. this is the kaiser report. we are in mexico city, heading south to el salvador. the savior are adopting big point standard, probably mexico. we'll do the same thing a couple of years, but let's check in with stacy, stacy, macs. the last episode we talked about the inflation and inflation propaganda. inflation has stolen the news, i think this is going to be the big 2022, thim as our guest, john will be set at the end of the last episode and you continue on the beam and the 2nd half of this episode. but i also want to say that the population of america agrees with maxim, stacy, they also believe, in fact, 2 thirds of americans polled disapprove of how biden has handled inflation.

that makes sense because he's throwing gasoline onto the fly. fire of inflation and people don't like that because they're already getting burned by inflation. why are you doing that, jo? jose, in an arsonist. he's like, oh, there is inflation burning down the economy. let me throw gasoline on to it. or is it actually, you know, drop but sauce? i don't know. i'm joe biden. i'm crazy. well, are you saying that he's like putting on the fire fest of 2022? remember that ramshackle fire festival that happened a few years ago before the pandemic long before the pandemic? so, you know, you're vague memories might come popping up about it, but the fire fesses were kind of like, you know, the promise is that all this money printing will be great at all of the fab. it'll look all like all of these instagram star is going to be rich. we're going to be living off or james. and then in fact, when you show up at the fire fast, well,

you're poor. exactly a slice of bologna. and to me, all the pieces of bread setting on like a jam packed into a trailer with 30 other people. that's not fire fast. that is the sign of the call on to me in collapse. you know, the other thing about the economy and collapse is the story that we've been talking about here in kaiser report for quite a few years. is this the destruction of the price signals, and that this is part of the underlying mis allocation of capital, which is caused by the precarious situation. and how big quaint fixes that. but what used to fix that was gold, and we had gold buds and we have bond vigilantes, the bond vigilantes were taken out back and taken out, you know, by the fed and quantitative easing. so there are no bond vigilantes anymore. then

you have the gold bugs, but the gold bugs also got taken out back and destroyed. they are not allowed to send any price signals to any participants in the economy. and so i'll look at a story about gold that is remarkable in this age of a fire festival economy where everything is hollowed out for real. it's not that instagram slick, snazzy sort of lifestyle brand, but we're all great. remember that the american dream and the reality is the mouldy sandwich with a few piece of the handle between the same thing with gold trim. gold used to be the number one price signal. whenever the price of gold went up, it was telling us that was signaling to everybody in the economy that inflation was coming, or deflation. the fed was out of control, the government spending was out of control. it was telling you a lot of important things. well,

today and our economy in this new economy investing in lego more lucrative then gold studies suggests market for a 2nd hand. lego also rises at a better rate annually. and stocks, bonds, stamps, art and wine. this is according to a study by researches at the higher school of economics and russia, and they found that the market for 2nd hand, lego rises in value by 11 percent annually, which it says is a faster and better rate of return than gold stocks, bonds, stamps, and wind, right, 11 percent annually, it's almost matching the money supply growth, which is about 15 percent a year. so it's getting close to matching the inflation rate that's really being inexperienced by folks. and because it's free to trade, and there's a big robust market for these 2nd lego products i assume on e bay and other sites, it's finding a price that will satisfy the market. and the market is looking for ways to hedge

against the rising inflation or the debasement of the currency gold for some reason, all we know the exact reason is it hasn't moved more than it's been negative 3 percent over 10 years. it hasn't moved at all because all the monetary premium is being sucked data. gold. people would rather trade leg goes than the own gold. gold is just simply not attracting any monetary premium whatsoever. plus there's no legitimate price discovery in gold. as you said, the gold vigilantes like the bond vigilantes or systemically methodically taken out of the picture by the central banks where they're derivatives and their money printing. but nobody's in the central bank if they could figure out a way. and they probably will. a lego toy futures contract, that if this lego gets big enough and the price, they don't get strong enough to tell people that the monetary situations out of control expect wall street to come out with a leg features contract and for it to be naked short down in price,

so that they would kill the lego vigilantes as they were. but right now, because it's not quite a big enough market, there is no futures contract to kill the lego vigilantes who are out there buying light goes and showing that the monetary premium of everything in the system is collapsing in the face of the super cycle in inflation well, i might add just for clarity on that sort of situation. leggers are mostly in the hands of children. and so i think the children would be able to prevent a sort of using the derivatives market to short. the price signal sent from, from like goes just like bitcoin, everybody thought, oh these futures products are merging and this is going to crash the price of big coin just like it crash the price of gold and suppresses the price of. but what if lego comes out with a toy that the lego version of a futures exchange for? actually pretty sad. we trading their own lego on their own. lego futures exchange to satisfy their own hedge against inflation because they noticed the price of baby food is going up faster than mom and dad can afford. so it could be very meta,

not sense, totally mete totally metal verse. and again, i won't say that, you know, they've tried to do shenanigans with bitcoin, but bitcoin, the underlying collateral is held by the individuals who hold the big coin private keys. and so with the gold you have the central banks own, the vast majority of it. that's why they're able to do what max is saying. they're that they could suppress the price signals the same with bond. how they destroy the bond vigilante is back in the eighty's we used to have and ninety's where you stop on the land. and that was that they would force interest rates up if the government was spending recklessly. and that's because at that time it was considered something that was beyond the pale to do something like quantitative easing to monetize the debt. there was this notion that that never happened in the united states. well, it took to put this in the context to follow up on your point there. so up until

months ago that buying of bonds to control them from going up in price was called by the central banks and policymakers deflation. and they would say, look, there's deflation, and we need to keep rates low and give 0 percent loans to our friends who buy assets like apartment buildings and stocks and bonds and get fabulously wealthy at the expense of all that money. what about attention account earning interest? right, they're still $5000000.00 is moved from pension money to guys on wall street. and so that's what they call deflation. was when they were purposefully buying back bonds to the degree where the interest rates are not allowed to result be impacted by the true market forces that would have told us about interest rates being a lot higher a lot sooner and toll about 6 months ago when that ability to suppress the inflation was got out of control and started to show up in peoples that was transitory. and then though it's actually permanent or on a circular, a multi year basis. paul crooked, but at the new york times that it was show me

a callback. he said i have no idea what's going on. i'm actually, i'm giving back my nobel prize because i'm a colossal idiot. the actually says new york times, i have no idea what's going on. so that's what we are just so you see how unusual the whole situation is in which the leg goes, are the only free market available to y sector of the economy. it's sending a price signal, it's matching near matching the inflation in the underlying money supply. not counting last year of course, because last year we'll all collectibles like baseball cards and lego things like that. are all skyrocketing and price, you know, tom brady's football worry hits $600.00 completions. i guess was the football. it was worth a 1000000 instantly, and i got it back for half a 1000000 and all these types of things that shows you the true nature of what's happening. that's a price signal because there's no football futures contract available to manipulate the price in ways, but policymakers and paul kroger can claim it doesn't list. yeah,

and it's all like unique little individual, just one guy in the audience who captures the ball. there's that one ball so it's not like the fed can control the price of it and like prevent it from sending a price signal. but he, you could see in the next chart how much they've controlled the price signal that used to be the ultimate price signal. and that's the price of money. the interest rates. after adjusting for inflation, the 10 year treasury yield has moved down to negative 5.4 percent is lowest level in history. little while then did actually point out in a response for this that is not the lowest in history. it's the lowest since 1941. when we were in the midst of a global war, you might have heard about right there. failure to allow bond markets to reflect true. market forces as resulted in a bifurcation in the economy,

where the most corrupt are rewarded for committing crimes. j. p. morgan being a prime example. and if you have morals or ethics you're penalized. if you're not out there still stealing and loading, then you're going to be homeless. and that's america today. but is that because plunder became a way of life longer became aware of what plunder is seen. like when it's not just like, you know, that when they're interrupting those price signals, that's plunder. yes, that's a way to plunder your savings, your wealth, your time, your work that's it's plunder to, to suppress and to manipulate that price signal of the 10 year treasury yield of gold prices of the prices all around. do i think it's a way to steal the most valuable thing you have, and that is your time. land of the crux home with a thieves america. quickly in the last many here i guess we'll try to get to this. the 1st big future ctf raised over $1000000000.00 in this 1st today's the fastest,

an e t f has ever had that markets down 19 percent since launching versus a 9 percent decline for bitcoin. why the differential contain go where bitcoin features price is greater than spot causing a negative role yield. okay, well, they lost a product that we had jack bollard parents on to discuss this. and i explained to mr. mahler's, that this was a horrible product, that it would all straighter the discount to big coin that was not suitable for retail saw suitable for anybody. and it shows the wickedness and the corruption of the se, se he pushed back on this, of course, because he is the future strider in chicago. and he what, but i was right, mr. wallers, i was right. you were wrong. well, the thing is it's, it's being marketed at retail, it's really something just for professionals who are genuinely hedging something that says that people think they're getting exposure to bit quite price, but they're not. and they're scc gary gansler refuses to approve a spot each year, which would have done that. corruption is the short answer. and we're going to

think a little bit when we come back much more coming your way. ah ah . a

a hey, a 50 outside on mechanic and by then coffee for sure. either by then is a shift or a florida with multiple multiple gyms or more can connect to so that keeps off your health book, but it shows the over here marzano do the have to know how to put simple. so this is a yeah, i can the button i said who it man a

loudly hold on if that was you. how when it comes in say hey, do like a a good my i can, i'm ready. i'm ready. i'm ready for with the me. welcome back. to the kaiser report, i'm as guys are time now to return to our conversation with john or being a dollar class dot com. john, welcome back. in the back next. now in the 1st part of our conversation, we outlined really what's happening and had a way through some of the nomenclature and words being used by the popular finance press to opt to skate. what's really going on? they use words like the flash on a really mean inflation, and they use words like debt when they really made money printing. we're in an m m

t environment. they're going to print themselves to death and draw into a war. that's pretty evident at this point. but the question that we left on is how do you play it? how do you invest in it? so we're going to construct what's called a benedict arnold portfolio, or a portfolio of stocks and bonds and investments that will do well in the face of america's policy. makers selling out america and ignoring the constitution and violating every law under the sun. how do we make money doing it? the obvious choice to be gold, but gold? israeli looking horrible. what's wrong with golf or am i missing something? john? rafino mac. you. you're missing something gold is doing exactly what it's supposed to do. it's supposed to protect purchasing power in the face of a depreciate in currency. and it's doing that. you know, gold was $200.00 and some dollars at the beginning of the century. it's $1700.00 and some dollars right now, which means as the dollar has gone down in value, gold has gone up in dollar terms doing. it's doing exactly what shit and the way

the precious metal cycles usually work as you gets modest increases while people are trying to decide what kind of world they're living in. and when they finally figure out if the cycle is inflationary and they extrapolate, you know, for 5 or 6 percent inflation and to be in the future. then golden silver have terrible, explains. and so we're still waiting for that to happen in precious metals and you know, it'll happen so. so precious metals are a good thing to be in, but there are lots of other things to be now to, you know, the universe of real assets that governments can't make morals and therefore can't inflate away. it's a pretty big category and i know you know, farm land, is there rental houses? are there criptos? now are there really for the 1st time in a meaningful way? so, you know, you can construct a portfolio now on the crypto space that have,

that has been coin, you know, at the, at the base. and then lots of companies that are springing up with various kinds of block chain related products. that might be your current stock, so you can do a portfolio from beginning to end. that would probably do well in what's coming in . you know, i personally, i'm more precious metals and mining stocks. but you know, i'm kind of at this point looking to diversify, little bit further, but anybody who's just getting into this now has a lot of options. so that the real point being but yes, the world sucks right now and you know, we're heading for chaos in so many different levels and so many different places. but each of those terrible things that were pointing to are also an opportunity. you know, the flip side of a crisis is an opportunity and if you, if you identify the opportunity you by definition have a chance to survive the crisis and maybe even profit dramatic with so miss,

you know, it's not going to be a happy time for most people, but it's potentially a really profitable time for people to get this. right. you know, watch the movie the big short, and you get a sense of what that's like. so people identified a gigantic. how's it pub? housing bubble. when nobody else saw it, they placed them back, they were too early, they lost money, but in the end, what they thought was going to happen happened and they made life changing fortunes . that's out there for people who get what's coming this time around. so not only is the chance to make a lot of money by getting this right, but it's also a chance to psychologically step through that because to focus on the good things that can happen to your investment portfolio, you're not as obsessed with all the horrible things that are happening in the world, and that's, i think, a way to, to survive this in good shape mentally as well as financial. but there's something wrong with golf now. i'll give you 2 data points. number one, the real rave which is extremely negative at the moment is even more negative in

real terms. and i was doing, and i think seventy's when gold made that spectacular move, that it did up to the $800.00 levels up from under, under a 100. and the other data point would be that lego, the plastic toys that people, as kids play with that that's outperforming gold as a collectible. you know, kids, plastic toys, something is wrong with goal, john. i mean, i get your point that it's holding its own against, you know, purchasing power and all that, but something's very wrong with golden in what was wrong with the whole john max. there's absolutely nothing wrong. it's got a bubble economy. all kinds of things out, perform safe haven assets, you know, and if she's right now there's a, an art gallery that just sold several $1000000.00 worth of an f t on art that hasn't been created yet. my but the foster care medical way gold with an outright fraud. and if you are outright fraud janet all right,

fraud. which i mean i would say that the pricing of gold isn't that right? fraud and certain same thing with n f days. you know, as far as the big short goes, which was a great movie, and there were bankers on wall street that made a lot of money profiting from the class to the housing market. it's not like everybody didn't see it, or a lot of people did see it, but a lot of people chose not to participate because it's a moral. right. so are we saying that if you have any morality of ethics, you're going to not survive at all in this, in this economy? no, i'm saying the most ethical thing you can do is protect your family by betting against an unethical system. so that, i mean, i don't want to go on a tangent here and a but isn't that kind of making the problem worse? if everyone thinks by the way you've got a society like boss, the talked about it and when fraud and, and loading become the norm, everyone is engage in fraud and looting. when you see it at the top,

it's in the entire society. when i go to it, and i see people rating the wal mart and, and target jobs and going over to e bay to solve the stolen goods and making money on their thievery and has become wholesale and industrial and scale all over a country. because they're mimicking jamie diamond, they're mimic and goldman sachs, they're mimicking the n f t fraud. or is that a good thing? oh, and that's the thing you should be running against. i mean, gold and silver, and possibly this time around bitcoin are honest forms of money. so to the extent that you move, you're finding this is over to those platforms. you, you, you are acting honestly in opposition to the dishonesty that now rules be economy. so i absolutely don't think shorting this market is in any way kind of an unethical thing. but it, you know, if we have time there, there is something that we could explore on this on, on this note. because when you bet against something, you do have kind of a,

an ambivalence about that right? because you're better a on, on bad things happening to somebody. so via the way you rationalize that to be a short seller is if you cause a bad thing to happen and you profit from it, then you're unethical. but if something is going to happen, no matter what, you can't stop it, there's nothing you can do about it. you didn't cause it. you're in a way, morally obligated to bet against it, to protect yourself in your family. and that's what's happening now. we can't stop to crash this coming. i am, we didn't cause the crash. it's inevitably coming, but what we can do is bet against it and profit from that. well, what i'd like to push back a little bit on that because one thing that everyone can do to erase these arbitrage opportunities. why are the top 110th of one percent seem to get richer by the minute? is to insist on higher interest rates, right? because the cost of borrowing money to commit fraud and injustice is very, very low, almost 0 as we are saying. and part one of our discussion, you know, everybody progresses a, right wingers,

whatever your political affiliation could come out and say we need to raise the cost of financial terrorism by raising interest rates to a normalized level of around 4 and a half to 5 percent. so that's everyone can lobby for that so that we don't have looting becoming the de facto business model of america. john. yeah, they're not going to give us that. i mean, we can, we can ask for baths, but we can't get it. but what we can do is buy bunch of silver coins or buy some bitcoin or, you know, look at some defy companies that are, i think from the rise of criptos and by, you know, those are things we can do. rather than things. we can just la before, so i would say let's do what's possible. and while you know, if it's not mutually exclusive, you can still ask for higher interest rates. but as you said earlier in a modern monetary theory, world interest rates are kind of irrelevant because death doesn't actually exists. you know, the fed could buy a bunch of 6 percent bonds off the treasury and then rebate,

the 6 percent interest to the treasury. and so we would have 6 percent interest rates, but we would still have effectively 0 interest rates for the government that don't never give us high interest rates because that blows up the financial system. so interest rates will stay low until the market forces interest rates out, which is not something we can control. so let's take a step back for a 2nd and you know, you and i have been in the game for a long time. ah, we can think back to the seventy's and eighty's when the ada, the different cycle was in play, but the millennials and the jans, they, they do not have that reference whatsoever. they've never seen a down bond market ever. they haven't had any difference then. this 40 year bull market and bonds, for example. what would you tell those millennials and jen z? how to prepare themselves? because not only is it gonna, it's one thing to say, well, academically we can say x, y, and z. therefore, we need to do this. but emotionally, it's going to be tough for them. i would think. what do you, what do you say, john? i would say you can't tell

a 25 year old anything they had. they have to learn the lessons themselves. when a 6 year old says, be careful to a 25 year old, i may just say ok, boomer, and then they go on to do whatever they want to and you're right. they have never experienced a real bear market. all they know is the tech stocks go up forever and houses go up forever and you know, bitcoin was $0.45 and now it's $60000.00. so that's what they know. and the only way they can know anything else is to experience the other side of cycle. and that's something we all have to go through. right. mean, i think every one of us was an idiot. 25 year old at some point. and yeah, it's going to be brutally painful for these guys in a way that it hasn't been for previous generations because they have robin hood right now. a lot of these kids are out there. trade a including one of my kids and the training aggressively in things they don't understand and they're going to get burned big time at some point. well, you know, but that's the cycle of life. you make your mistakes in your twenties,

you kind of think about your mistakes in your surveys and then you, you become who you're going to become in your forty's. so these guys have to go through god, there's nothing we can do to help them other than make as much money as mich here. so we can support the millennials who are close to our scoring forward to help them get through what's coming. well, seems like the politicians think that they can buy these votes by promising incident spigot a free money. but i think what i'm hearing from you is that the cycle is coming to a close even as soon as the 20 to 2022 elections. but they won't have that option any more of the reality will have sat in. we've got about 20 seconds. i think some decisions have to be made in 2022 that are going to be very important going forward . some of them could cause a crisis right away. some of them could set the stage for crisis in the future. either way to hear coming up. all right, the legend john robina dollar collapse dot com been writing for years about this stuff. been right on the money and that's where we go to get some timely

information. thanks for being on kaiser report. thanks. thanks. all right, and that's going to do it for this edition of kaiser report with may max kaiser and stacy herbert more think i guess john or beano until next time? i all ah ah, ah, is your media reflection of reality? ah ah, in a world transformed what will make you feel safer? hi sir. lation for community. are you going the right way or are you being led somewhere? direct. what is true war his faith. in the world

corrupted, you need to descend a join us in the depths or remain in the shallows. a ah well, who's riley in central london against the raft of new anti code measures. daily sections in the u. k. reported to reach on time by the british supreme court roles, it was unlawful to drop on inquiry into the alleged portrait of 14 suspected our members by british soldiers. one of them told us what he had to deal with this constant weight noise. that commandment took over your brain we were to.