iowa, on this issue, the other side window by default, the lady that lived over there. i was walking one of the dogs. so why do you wear again? were you scared or nothing could take it off of me. i think the people need to take responsibility into their own and be prepared if those kind of weapons were less available. we wouldn't have a lot of the shootings that we certainly wouldn't have the number. there's no one else seemed wrong. i just don't know. i mean, you won't have to fill out this thing because the adjective and engagement equals the trail. when so many find themselves will support. we choose to look for common ground.

ah oh hi. i'm max kaiser. this is the kaiser report. and we've got a jam packed report for you today. let's get started stating, max, this is the last of our what year has it's i was, you say 1791. that's f it's i feel we haven't done this a long time. well, no, we've been doing it since the 17 ninety's apparently, and this is actually the last of 2021. and then we're going to break for a few specials where we've pre recorded with some guess there some nation of what happened this year and their predictions for 2022. but 1st of all, i want to say like, in the past week while we've been traveling here through mexico city, the news has been remarkable out there about inflation. that is the biggest story

of all. and there is this guy named kevin wash. he is a former fed governor during the 20082009 financial crisis. he was on the board of governors. and here's his opinion piece that he wrote in the wall street journal macs. the fed is the main inflation culprit, the central bank as unable to price increases, that may soon pose a risk to financial stability. inflation he wrote is a choice as a choice for which the fed is chiefly responsible. the risk of an inflationary spiral arises when policy makers 1st dismissed the problem and then cast blame elsewhere. inflation becomes embedded in the price formation process. when the central bank acts belatedly or with insufficient conviction to date, the fed has acted as an enabler, right? acting belatedly, or within sufficient?

right. let's talk about this for a moment because it's echoing what we have been saying now for several years. as a matter of fact, i would say is the predominant theme of the show and other shows we've been talking about for almost 20 years. and that is that the central bank as a way it's designed, is to be a regulator in the sense that when the party gets to rockets, they are supposed to take the punch bowl away raise rates. and let the business cycle kick in and free markets benefit. however, since alan greenspan became fed chairman under the reagan years in 1980 s, it's been a very different mandate that the fed, admittedly, by greenspan does not. they're trying to manage anything. they're only there to clean up the mess after things crash from too much money printing and the way they clean up the masses by printing more money. and we've been saying this for years now form our fed governor's saying explicitly in the pages of the wall street journal, that the inflation has caused by the central bank because they print too much money . and that's, that is,

that's not what you'd hear from las warren lewis. warren believes that companies are engaging in price gouging and manipulation, and that's causing the inflation. that's patently false. it's all comes back to the money itself. and if you are printing trillions and trillions of it, you are debasing that currency to the point where you have inflation. ok. now unfortunately, this revelation is coming at a point in the cycle. when it's too late, you cannot do anything about it. it's now a self fulfilling extinction event for the u. s. economy, sorry, america, but it's over because the ability to do what paul walker did raise rates is no longer on the table because the duration risk, the fundamental underpinning of the u. s. economy, the bond market is so far out in the elk or that any little bit move up. we'll crash it anyway. so it's either crash or one way or crash and another way,

but you're not going to avoid the crash. right? you mentioned liz warren, she, of course, was voting to raise the debt ceiling by 2 and a half trillion dollars. right, when she was blaming corporate ceo's, she was blaming meat packers for all the price increases. joe biden and his administration have been blaming russia. saudi arabia, other, all these other nations, but our own money printer, again, he was behind getting the 2.5 trillion dollar debt selling rates. and again, just to remind everybody $2.00 trillion dollar debt ceiling increase, that is adding just out of thin air. another british economy to the entire global g d p, the u. k. economy is $2.00 trillion dollars. so they're adding 2.5 trillion to the global g d p. right, let's be clear over there. in turkey,

the lira is crashing against the dollar because of the dollar being i barrier printed. and on top of that, it's not like the hyper printing is distributed in an even away. it's distributed in a way where the oligarchs and monarchs and neil feudal masters in america get 99 percent of it. first. everyone else gets the bits and bobs at the tail end and the crash or their economy. so this is a financial part time the u. s is crashing the turkish economy because the u. s. dollars. reuters are a currency and they have a guy running the country who is financially illiterate and is making absolutely the wrong decisions. but the u. s. knows that and they don't care because they're all reaping the benefit from we saw that increased increased collapse, the biggest beneficiary was goldman sachs who are taking that credit. the fall swaps against the country that there were supposedly advising. they made billions of dollars crash and grease. they made billions of dollars crushing the bank of england. it never lose if you get to print money at infinite amount and then direct it in places where you have a guaranteed return. so we've covered the story of the $2.00 trillion dollar debt

ceiling being increase, the inflation number's running the cloud car economy. we've seen liz, warren, blame everybody, but the money printers. we have seen nancy pelosi in the past week argue that congress should be allowed to insider trade because this is somehow free market economy. remember, that's what we tell you all the time frederick boss yet said, when plunder became, becomes a way of life for the men at the top. they create the moral code and the legal system to justify it. that's what she's doing. the climb car economy based on hot air money printing results in this sort of headline here that also happened in the past week as we are traveling here, reality tv star. so she makes $50000.00 a week by selling her farts in a jar. well, obviously this is very funny, but it's a more honest way of you know, she's putting in proof of work compared to nancy pelosi and insider trading. it's harder work to do this. then what nancy pelosi is doing. it's also more honest than the millions of dollars that janet yon earned between leaving the federal reserve

and go into the treasury. so at least there's that right, if you put j pow speech in front of congress and jar that you wouldn't get more than the $0.02 for at least this woman's getting a decent buck for flatulence. that shows you that the value of this woman flatulence is greater than j. powells words, which is absolutely the market, the free market telling us, you know, it's funny. nancy pelosi says we have to enjoy free markets and i need to trade on inside information. i'd like to see her apply that same standard to journalism because then julian, a sorry to be free right now. nancy. right. of course that has happened as well in this past week that they're going to extradite him to the united states. on the very same day, i think it was like national human rights day, or, you know, some sort of democracy conference that joe biden was presiding over just as a his department of justice got the extradition of julian assange. so, you know, as we head into the last 2 weeks of this year,

we're going to look back at 2021. the biggest moments obviously for us, the biggest moment was what happened in el salvador and hyper bitcoin ization. and what not, kelly has done for that country, but also i put out into our orange co podcast telegram group. and on twitter, we asked people in the audience to, to look at their favorite moments. and, you know, come back to us, what they thought were the biggest moments in this past 2021. and i think we should cut that little video here. this is what was assembled by our audience. the coin is the 4 piece. right. so it perfect money, perfect price discovery, perfect incentives, and perfect outcomes. so when you have the quadrangle of perfection, that is bitcoin, you are on the vector tor relentless optimism. they're going to control your thoughts. your actions are mere money, your emotion, that's all going to be control. and of course, the more you try to control it,

the less ability you have to control it. and it's, it's like love isn't it? the more you try to love something, the harder you know, it doesn't work, you got to let things breathe. you got to let things live. bitcoin emerged, it's imposing absolute, spontaneous order based on absolute scarcity. and what this does to the human soul is it creates absolute moral adherence to the cosmic consciousness of truth. and that is something we've never had as humans. and what that means is the absence of fear. thank you. welcome to 2021. it's the year. fear dies, o governments have no control over the orbits of planets, sun, the rising in the east gravity, hurricanes or gains in their mathematical certainty, 2 plus 2 equals 4, right? so that's right. they have no control over absolute scarcity. something that was discovered in 2008 implemented in 2009. and it's something mankind that has been

searching for his entire existence, hundreds of thousands of years. this has been looked for has been the try to find absolute scarcity and they the cali leadership in el salvador entrepreneur smart guy, micro down history as really the smartest, the leader of the past 100 years. and the inflation that said in around the world and the inflation mindset. but the stories coming out of china makes you very concerned about, you know, what happens next? because if there's a disintegrating empire because of the set of these trap of a rising empire, rising power and china seems to be doing their whole treasure fleet situation. again, it's like a doppler effect. a, it's like paper put, but never stop printing. i take it all,

there is a baby print, you know that they don't care who they kill terrible. you can only sell the same, don't it. so many times before somebody figures out that, hey, there's no, don't it here that's just the whole. and that's what's happening in america are trying to survive on the whole in the don't it, i hyper plate, right? it's a political event. it's a change of mindset that happens that is very dangerous to any theocracy. they're in control, the bank, sters, the military industrial complex. what morons and imbeciles call big fama how that drug dealers and big tech, they're in control of everything. there is no freedom in america. you know, we've been right for so many years and there's just so many ways to demonstrate how we've been right. just want to call and set of quantitative easing financial, monetary laxative. you'd be lucky to get a lump of coal this christmas, but the inflation transit, they're going in this direction, print, print, print,

grandma is being rash and some stuffing and gravy. and everyone else has to go without. so what i like there, and these are some of the themes, the quadrangle of perfection, that is bitcoin. you are on the vector towards relentless optimism. that's what somebody had picked up. what obviously max had said that and i think that's what we witness and we experienced in november when we went to l or, and we're heading there. now we'll be going there. now we'll be spending a lot more time there this year. so what do you think about that? but the audience is brilliant to pick up on one of the things that i said as being the highlight of the years content. thank you audience. i think the academy and the audience and accept the quality your work. thank you. well, they also pointed out that a 2021 was the year that fear dies because it did died and, you know, with a relentless optimism of hyper big condensation, i think we saw fear die. that's a good thing. audio st. bye bye. you know,

if you want to stay listening to your fear porn on the, you know, the corporate mainstream media then head over there, but for 2022. this is a place to be if you want to be happy to know more fairport just relentless optimism over here at the kaiser report. that's what we like. i like it. all right, well let's take a break. when we come back much more coming here way. ah ah oh is your media a reflection of reality in the world transformed what will make you feel safer?

isolation, holcomb unity. are you going the right way or are you being led somewhere? direct? what is true? what is great? in the world corrupted, you need to descend a join us in the depths or remain in the shallows. technology is a very big industry and there's lot of opportunities for hackers, dividends, not him. but he didn't bring the law in that country. you're dealing with. why rest him that the major cybersecurity challenge is the sovereignty of laws, but cyberspace has no borders, no sovereignty. we ended up with, for example, the national health service in the u. k. the and a chest was completely wiped out for the ransomware attack. if you are coming in to

a clinic, because you had a test or you had an operation, they can't find your records. they had to go back to pen and paper. ah, welcome back to the kaiser report, i max kaiser time not to talk with miss shed lock of miss talk dot com miss. welcome back. it's always a pleasure to be on your show, max, what's on your mind today? miss? i have a few things on my mind. let's talk about inflation. so this is a, a topic that economists and pundits love to talk about. those of us who have been warning about it for a while, including yourself are finally seeing some startling numbers out there. we're talking about a breakup of inflation. that's pretty epic. misha. c, p, i at 6.8 percent producer price index of 9.6 percent from

a year ago. stock market don't seem to be noticing much, or even the bond market. what. what are your thoughts? are you guys at the intermediate level of you dive in the b i a reporter. stage 2 is up. something like 28 percent. wow. so the thing is max, all of these numbers are under reported. they're not reported because they don't include housing. they don't include asset bubbles if that doesn't count any of any of that stuff here. so you factor housing into the c p i, i've not done the latest numbers, but i'm pretty confident were you know, inflation is going to be something like 10 percent. if it's not a lot higher. so under instated of power, finally drive the word transitory and janet you know, and also as late as october. so there was still calling in transit story to finally got all of that numbers. good grief match these numbers are going through the roof

. and the fed doesn't even understand the true state of affairs on going back to the pole vaulter days when he was earning the federal reserve. you know, the inflation numbers that prompted him to raise interest rates up to 6 same percent we got on the 10 year treasury now they were a lot lower than what we see today. in other words, these numbers are a lot higher than what they were when the central bank opted to start aggressively raising rates. the central bank is coming out and saying, we're going to keep rates at 0 to a quarter of percent. they're not raising rates. i don't get it mesh, i mean, clearly their job is to raise rates in this scenario. that's it. that's of that. there's no equivocation on this. they're not doing what they're supposed to be doing mesh. oh, absolutely not. i can sing a song about this. i don't know if you want me to, but you know the song, a baby steps. you got the cutest little baby face. excuse me. it's baby steps. now the feds got the cutest little baby steps here. they're talking about tapering and

they, they reduce tapering, is just a reduction at the speed in which they add to the balance sheet, right? so they're not unwinding your balance sheet yet sort of unless you factor in reverse q a reverse re boats, which we need to talk about. but even still, they're adding long term duration. us treasury and mortgage to their balance sheet every month. they continue to do that. they continue to do more of a bio reverse repos. quite amazing. there do sing a housing market that doesn't even need foods who can afford hours these days. max, the simple number to look at is one that is simply how was your purchasing power doing with your us dollar and for 50 years has gone down, so they can call it that. they can add the reverse repos. you can taper, you cannot taper, you can raise rates, you're going that raise right. the fact is, purchasing power is going down for 50 years and that's inflation. and so blow away

all the smoke of all the rhetoric, speaking of rhetoric and blowing away smoke. elizabeth warren is calling out core greedy corporations for this inflation. what is really amazing, and actually it appears as if she is actually running the bite and show you look at her nominees, there she wanted for fed governor who's who she's supporting for the she regulator at the fed. these are our marks is actually the person that she wants for currency or regulators want to price fix t s s, they're worse, her exact words. and people just dismiss all this stuff. i mean, how's pretty bad? but the people that war want to put in there that to progress is want to put in

there. my gosh, you know, if they got in there and actually set policy u. s. u s. dollars would plunge me. right. i should mention that if we can hear, i believe it's your dog in the back. yeah, that's, that is my dog in the background. apologies for that. whenever you hear someone at the front door package from amazon or whatever, you know, he barks out. so that's, that's what happened there, and i thought, you know, i thought you train the dog to bark whenever he hears the word j. powell. now, we're speaking of bar b, r j. pow. did you see what the former fed governor of wire, she came out and said, he explicitly accused the fad of purposely causing inflation. these guys, after they retire, they normally go on and say some sort of wishy washy kinds of things,

but they usually don't come out with a full scale blast like that. this guy came out worst, came out and accused the fed, or purposely doing inflation and blowing asset bubbles. quite refreshing to see i was hoping that someone died during the after the f o m c meeting would actually ask how hard question on this, but no, they keep loving the softball things. you know how, you know, it's, it's, it's really pathetic max, besetting, presumably he's concerned and you mentioned some earlier that the dollar is at risk here. given us the responsible behavior. another popular pendant that we've been talking about for years, who as yet disgraced himself again with the comment is paul quinn, who went all these inflation numbers came out, wrote a piece on the new york times, asking a, basically a man called or 1st to admit that he never saw the inflation coming and then secondarily, he says, what actually benefits the poor. oh,

i saw that and i almost wrote an article on it. and thanks for reminding me on that because i might want to go back and visit that topic. that is absolutely insane. crazy. you know, these inflation benefits, those 2 has assets. it's as simple as that. so if you have a house and it goes up in value and you can unload it to the next money or zoom or for a higher price. ok. you've done pretty well, but the poor don't have any assets, so the stock market rises, which it's clear they're targeting that now and worse came out and set it out even himself hinted at it. so they're doing these things that are absolutely counterproductive. rent is soaring, were wages have gone up with they've not gone up as much as rents have gone up as much as food have gone up. of rates have never been this negative yet,

despite those pretty significant wage increases, they're falling further and further behind. i did a calculus on that. i think it was 9 out of 11 months so far into each $21.00. so one more month to go and guess which way that's going to go. i expect 10 out of 12 months. people are going to lose money to inflation. and how excuse me, currently comes out and says, this is benefits the poor. give me a break. max, right? well, the left to weigh in, america's having a bad year. bad couple of years really cents to buy the administration to cover it's fairly expose them for having written the coattails of easy money for decades without having to impose any real policies or make any tough decisions. they just print a lot of money and because they outsource the job to china and because the tires are getting fabulously rich, like nancy pelosi, they had no accountability, but now with real inflation. as you point out kicking in it's,

there's no place to hide that they're clearly clumped aquatics in office and they're stealing people and they're committing massive acts of fraud and charity. but let's look back miss k 2021. what stands out as the top one or 2 stories that you felt were defining of 2021 and looking at 2022. what. what do you think we should look for? well, it's, it's, it's the tapering talk. if you know what the progressives are trying to do in congress, that's actually key. and that has added to inflation. fortunately, one person and one person alone, senator joe mansion of west virginia has, has stood in the way of a huge, you know, massive. you know, they call it a 1.7 trillion dollar package we've, we've, we've seen accounting from 2 different places. warden was one guy called it said it was really 4 and a half $1000000.00 packaged. and we had the congressional budget office,

which is non partisan who biting has praised over the years by the way, and is now suddenly critical of the congressional budget office. because it's not saying what he wants. you know, they put the price tag of this at a close to 5 choice. so i think one of the key things for next year is they've already punted on this package for trying to get is 5 true to our package pass this year. a bike came out, i think was yesterday and said, well, you know, we're looking ahead now to 2022, looking ahead to 20. 22. does how really get and those rate hikes that they've pencilled in? they've penciled in 3 rate hikes for 2022. i max or 2023 and still no rate. i just for 2024 max. they're not going to get it nice. i don't

even know if they get any. but my guess would be maybe a couple hikes, but if you look at what long end of the yield curve is, is saying it's saying the fad is hiking us into another recession. and it will probably be a recession caused by the stock market bubble bursting. you know, they're, they're clearly manipulating the stock market up. if it goes, a lot of these inflation numbers are going to go up right down with that. it's and pension funds are going to get smash. illinois is already in solvent. i'm it may be a decline in the stock market. we'll, we'll put that too ahead. you, you are moved out of illinois because things are looking pretty bad. they've had about 20 seconds. do you see more, my immigration in america from state to state,

that is happening right now. max is half people are leaving, california people are leaving. illinois. people are leaving new jersey. so i people are going to leave new york also. so the recipient states are low tax states like oh, well florida is the, is the key when max. so a lot to look forward to in 2022 and meanwhile merry christmas to you and stacy it's always a pleasure to be on the show. all right, well michelle, like a mish talk on the ledge and thanks for being on the show and i was going to do it for this additional because report with be my concerts. dates ever want to thank i guess mish shed lack of mish talk dot com until next time bio ah ah, ah, working room or should in the back she popped in. she said, well, i'm getting ready to go shopping for christmas and i wish

there was a good bye to another shooting another safe part of american life shattered by violence. the gunman was armed with an 8 or 15, semi automatic rifle. when the issue comes home, it's time to act. when we're filing on this issue, the other side wins by default, lady that lived over there. i was walking one of the dogs, which is why do you wear again? were you scared with nothing? you could take it off it, i think the people need to take responsibility into their own hands and be prepared if those kind of weapons were less available. we wouldn't have a lot of the shootings that we certainly wouldn't have. the number of desk oil and gas, many factory electricity, telecomm, guys, quotations. all of them now have a t type of infrastructure connected to the internet, well,

clearly realizing this disruptive potential so that those countries can't ignore it because it threatens national security issue. but if we take the nato n e u countries, virtually old of them subscribed to certain doctrines and maintains selling but tell us forces. they are a cyber army on behalf of a country. that's their job. ah, she's just please hooted. the current tension in europe is the united states fault . russia had to respond to every step, present peyton again cast the gates, america, and natives east when expansion warning that moscow is ready to deal with any hostile actions. while russia's defense minister right is the alarm about a possible provocation by private u. s. military contractors in east and ukraine involving chemical components. also

to company side of the british prime minister approval writing.