one of the major fights with president junior was in 2008. that's called lucre it come in. at that stage, the united states actually wanted for georgia and ukraine to get them and natal membership to start the so called membership action class. and he was germany that stop that and said, no, we don't want to do that. these countries will not add to the nato, which is one of the react with it. and they need to treat the ah, i am ash taiser. welcome to

a very kaiser christmas now santa claus and rudolph were scheduled to deliver a bounty of toys today. but due to supply chain constraints and the cost of feeding the reindeer, skyrocketing down through the chimney, into the living room, pop stand, collins, to explain all this to us. dan, welcome to our kaiser, christmas show. merry christmas. everybody. of course, you also normally would bring a lump of coal, but there's also a shortage of supply of coal. so i just have to accept your words, your pearls of wisdom, let's say here. so, you know, we look back at 2021 and we look forward at 2022 in this christmas special. it is christmas day. and normally, you know, most christmas presents here in the united states. anyway, come from china. we've had huge constraints in supply over the past year. that was certainly the biggest story i would assume you're going to say of 2021. i go

a little bit further into what you think of that and other big stories of 2021 in that us china cities trap relationship. i think a 2021 is really exposed kind of the broken economy in the united states. we are what i call warehouse nation. now, we are a nation, you know, as they called britain used to be a nation, a shopkeepers, the united states. now, a nation of warehouses, we don't make anything anymore, we gradually lost our industrial capacity over the years. 2008 financial crisis was a real shock. we lost 50 to 80000 factories. those guys never came back to a host of different issues, but we're now a national warehouses. santa's reindeer back up at the port. a long beach can take 30 days this year is it's were, is stretched over 30 days now to get something off, a boat, and onto a truck. all the ports, the united states been backed up all the all year. the ports and china had been

backed up. we've never seen any kind of issues like this where you can't get containers. shipping prices are all multiples. i mean, you know, 30400 percent. this year we saw the container price to go over $20000.00. they used to be 3500. so you literally are cracking the supply chain to a degree that everything is breaking down. there are products that no longer makes sense to shift because of the shipping cost. you know, we don't make anything united states, we can't replace them. so we're going to be in the situation where all of $20.00 to 2022. and till we can figure out at the root cause of what's going wrong with american capitalism and why a nation of 330000000 people can't make anything for themselves. well, you know, we've been talking about that for a number of years. it's easier to print money than to manufacture goods and try to sell them overseas. and so with that in mind, for the past 40 years, the u. s. no longer has that manufacturing base. and so they become beholden to,

to china. and we're also seeing some interesting developments out of china. so in october, the balance of trade, a power change in china surprised u. s. intelligence by launching a hypersonic missile travelling 5 times the speed of sound. what's, what's the story and this is, there are reports coming out about this. is this been verified? what's going on? it is your slide. it is what some people refer to as a new sputnik moment. however, we've also use the hall a 5 g technology as a sputnik moment. i would call this a new cuban missile crisis. that moment, you know, the china narrative as change over the years. it used to be an economic story. it quickly went into a tech story. we start realize, wow, we're actually behind on the tech, china's got 5 g. we don't, we have nobody making it. and now it's moved into a military story with such aggression going on on both sides in the cell chain of

seat. so this hypersonic missile, you know, a traditional icbm has a low earth orbit art. that's very static, it doesn't change. this hypersonic missile went around the entire world at a very low earth orbit at 5000 miles an hour, 5 times the speed of sound. you can't track it. so the united states today, we have missile batteries in california and alaska, about 40 of them to try to take down a role icbm from somebody like north korea. this changes again, this basically means china, us will have mutually assured destruction. it's gone out this year, china's building 3 to 500 new nuclear missile silos, who knows how many really they'll have. but these will all be outfitted with hypersonic missiles and technology. the united states doesn't have. china's literally passes not only in consumer tech, but now in military tech. they are showing a few areas where they're ahead of the united states. and in most weapons platforms, china can build the same thing except that 10 to 20 percent of the cost. and that's

because we've lost our industrial base, we have you study the defense industry, most components in the defense industry. you know, it's an oligopoly of the lockheed martin's and the boeing's and below these guys are all one factory making one part number, family owned, not competitive. we've this country's not making, you know, we're replacing half the naval fleet now in maintenance, getting repaired with train, stainless steel. we don't have the earth, we still have sensors. we don't have to have to m component. so it's a mess. this could be a new cuban missile crisis, but i assume the u. s. government will kind of ignore this, like they ignore most things and it will be an extraordinary success of some kind. it was extraordinary, this october, surprise what your call in a new cuban missile crisis. we do have a sort of a lethargy and an entropy up at the top of our institutions. and there, i mean,

the fact that they said that u. s. intelligence had been surprised by this, of course. he know u. s. intelligence has been completely gutted in china as you know, stacy, but came out earlier this year. the united states lost the entire network in china . there was over 30 people executed. they were hacked and all the cia assets are in china. i've been gone for 2 to 3 years. so doesn't surprise me. they have no intelligence on this. i mean, we're under, like you just said industrial, we're in an institutional collapse of some current. you can see at the military, you can see it in the money printing. you can see in the lack of being able to get anything done. and that's where we're at also like if you turn into the cable news and particularly m s on be c. like half of the tv presenters are like celebrity intelligence. bimbo. so they're, they're cia agents, f, b i, agents. and they're like on television instead, which kind of reminds you of the end of the roman empire, like there's a sort of bimbo vacation going on and you know, who doesn't want to be

a celebrity instead of like going out there and having to track down you know chinese spies or something it's. it's just easier. well, you know, better paid and less likely to end up. i don't know, dad or something, but you know, i guess the most important part of this balance of power. yes. i think a mutually ensure assured destruction has in the past proven to be a positive for most people because it does and the chance of war. but there is that one thing of taiwan, you know, we had in 2021. the humiliating pull out of u. s. troops from afghanistan leaving beyond 1000000000 behind billions and billions of dollars worth of weapons. so what is the chance conflict over taiwan? because it is that something that could happen, it's something that the u. s. can possibly even remotely when, if they can't even beat the taliban, chance of confrontation and extremely high. as you mentioned in afghanistan,

we left point $80000000000.00 and equipment, the entire russian military budgets. 50000000000. so it's, you know, this was, we were literally chased out of the, or the country by the taliban after spending $2.00 trillion dollars. that, that's an extraordinary success. if people think we can defend taiwan, they're, they're, they're lunatic. so china has so many land base cruise missiles that could go through the 1st island chain all the way down to guam. that's taiwan. is in the 1st island chain. she didn't ping has said before. 2025. taiwan will be reunited. so i think taiwan is on the clock. well, how that's going to affect us is 40 percent of the world's semiconductor. still come out of taiwan. when china has control of that, we're going to have to big for chips. we won't be able to make f 150. we won't be able to, to do anything here. without chips, i thought, you know, necessity would drive the innovation and the building of, of the manufacturing capacity. so like when everything, when the pandemic happens,

and we saw the beginning of the shortages of things like toilet paper and face mask p p, i assumed that somebody would do something and we would restore some sort of manufacturing for these basic goods needs. pharmaceuticals, nothing ever happened with that. so you know, it, it, do you think it's related to the end of the us dollar? this system has kind of made us all that laying flat movement that's happening in china, where they're collecting their, the other side of the few dollars. we send them all our fee, i dollars and we, they send us their goods. and the reason i ask that is because another big story of 2021 was china kicking the big queen miners out. now, this is the hardest money are created ever found in the universe. and immediately, like, 2 years later, with the pandemic, we haven't figured out anything. we can't manufacturer

a mask still. and yet within 3 months, the entirety of all the chinese miners left china set up in cause expand, setup and in the united states in texas. so it's been united states is now the largest producer of because they're the biggest mining operations there. so i mean, we do kind of follow that and, and think that's a truth that this is a kind of a lethargy setting in because of the end of a system. yeah, absolutely. so for 2 points on the 1st point, the, when we talk about the money printing has created massive miss price signals throughout the entire american economy. since 1971. we are a paper, empire, the paper aristocracy gets all that free money. it doesn't pay to set up a manufacturing plant. that's a real cap x, right? they don't want to sell you a car. they want to lease you occur. they don't want to fill you furniture. they want to lease you furniture. everything is become financial like the private equity that take 0 percent money, free money. their 1st thing is the cut all the jobs,

close the factories and out source it ok. our whole system is set up not to make anything here because it damages your financial switch. or spending real money to build real plant. look at the chips into just ask the government for $100000000000.00 to build a chip plant. but 6 months ago they paid $100000000000.00 in stock buybacks. so they really want free money just to build a factory. otherwise the financial roller culture just keeps rolling. and our signals in this economy is just paper monthly paper, money printed and flip it. it's not to build anything real, that's the root cause we got to get it to regarding the bitcoin mining. this is the 1st when united states has had against china in a decade. this is a win that's kind of the model is entrepreneurs, you know, between mining, as you know, i had a big queen, mind my cell, all industrial facility i saw you follow it. and these guys, what they did was pretty incredible. i mean, the hash rate collapsed and then was back in 3 months entrepreneurs, young,

you know, new entrepreneurs, setting it up in the very industrial type process. you have to manage your electricity, your, you know, your, your heating, cooling, these types of things. so getting the assets which are the miners setting it up. so i think that's kind of the new model. we have to look at the old ecosystem of all types of industrial and manufacturing and make sure the ecosystem makes work makes it makes it available for minors in just anyone in the industrial supply chain to rebuild the country. wow, this is a positive note for sure. well, we're going to take a break, and when we come back by with dan collins on our kaiser christmas fandango special, don't go away. ah, a said,

you don't get it in as you don't till we stand together. we continue to stand together against russia, 80 in germany, with some of the areas that we don this made say no to cities assume you don't have about their ability to influence other nations, french, u. k. and even latin american and other countries in ginger than they went to high from cycle alone with members ago high school. so please, please, please, please. we're going to continue to fight with russia must not be allowed in germany. i don't have to call and leave it so, so i would be an 80 d not a 5 and the yes. ok to indian api. the not this is constant. so sunday,

for is your media reflection of reality in the world transformed what will make you feel safer? high solution will community. are you going the right way? where are you being that some with direct? what is true is great. in the world corrupted, you need to descend. ah, so join us in the depths will remain in the shallows. ah ah

ah, welcome back to ashbury kaiser christmas with max kaiser and stacy herbert filling in for santa claus today is dan collins and were talking about geo politics and stuff like that. china america, dan. let's discuss the consumer side of this us china relationship. you describe the united states as a warehouse economy. if the u. k was a national shopkeepers during the last days of the empire, we are now a warehouse economy. as you have stated, this kind of our characteristic now, chip manufacturers, the u. s spent tens of billions on share buybacks are now getting handed tens of billions from a taxpayer to build foundries in the us. is that going to go while you're in china? they're kind of making fun of us because we are, we do have some boundaries on, in production, in arizona. they're building them up and they're kind of share pictures now on the

internet. look at this plant, the years later are things happen? so in china they build it in 6 months, but over here it takes a year. we just the foundation, doug. so that's kind of going around and in twitter now, especially amongst the chinese wolf warrior diplomats are kind of laughing and we force the chip makers to come here. it's a good idea. we have to produce something here locally. otherwise, we're always going to be at the mercy of china for chips. speaking of chips and high tech hallway was in the news in 2021. and that came to a head with the rest of the woman who is the daughter of the founder of wine away. and i guess she was the ceo. she was released a china cents a jumbo jet to come collect her. and she was met on the runway by thousands of chinese fans of her. and it was a very nationalistic moment from what i could tell why do you think by then

did this to? of course, if, if trumpet done this, this would have been a, everybody would have been up in arms. but what's that signaling to you in terms of the next 2 years or 3 years of his administration? yeah, she's a national hero in china. no doubt. i mean, it was like the biggest news for a week. so it's a, it's a sign of a potential fall between china us relations. i have information now that state large state own enterprises are negotiating l and g contracts with the united states. so that's going to help drive down the trade deficit. there's a lot of work to do. you know, boeing has not had a water from china in 5 years. so just by far the largest aviation market. so there's a lot of bilateral trade that could happen on a potential thought. now, however, the issues in the east trying to see, so trying to see what is, is kind of putting those kinds of things on hold. but you know, we will see is 2022 develops. if we're going to move into more of

a falling in the relationship or it's just going to continue, continue to ratchet up up into a war 40. you've been the only one that's been right of all of the analysts on china for the last 101520 years. fortunately, you have been a friend of kaiser for and we've owned, we've been the only outlet that has called it right. most us media has said for the past 1015 years, they've had the likes of kyle bass on. and even worse than him in terms of getting it wrong, is that they've kept on saying like it's collapsing, it's collapsing, it's collapsing the housing bus. but in this past year we did see president, she really cracked down, genuinely on the big finance. like ali baba jack, mom was something happened with him. we're not quite clear, but we also saw the property developers a crack down on them. so what is this actually going to be the moment that finally all those cnbc and, and bloomberg columnists and opinion makers are right or is this,

do you think it's just a lot and nothing? you get a guy like cow bass, who's been wrong now for 10 years, is hedge fund is shrunk, 90 percent is just kind of a disaster. and you guys a gordon chang that gets reeled out under the he's literally all in all for 200. 12 on chinese predictions. for 20 years he wrote a book, 2001 that coming collapse of china. and i read it. it was like, she is like a child and written it was nonsense, but he keeps him, wheeled out there. you know? so these guys what's happened in 2021. that when people don't understand the root cause of china, who really owns these companies qual way as a murphy ownership. ok, who really owns huawei and ali baba in ever grand are top top c, c, p, families, chinese communist party. there's an estimated 60000000060 billionaires in the communist party, you know, top standing committee. so there's hidden ownership in all these companies and what

you have is fight amongst the prince lines. so all these guys have gotten, you know, jack, my owned alibaba. but there's 100 other owners that have big shares in the company that you don't know. ever grand, you can't do that kind of business without being super politically connected. but they have a front man up as an ownership. so what's going on is she didn't ping the premier, is battling other family dynasties in the scene in the chinese communist party. that's what's really going on. you can't lose money and chinese property, you build an apartment for 6000 r and b, a square meter. and you sell it for $50000.00 arby square meter. what's happened is like in the ever grant case, their debt just gets, they get a call on their debt. so she's in pink's people call the bank stop issuing credit. they have massive amounts of assets. it will not lead to a contagion even though it, you know, while while we're over here collapsing, we printed 40 percent of all dollars in the last 18 months. we're in, we're under a heifer collapse here. but yet we focus on ever, graham, the china, just use the local governments to bail them out. some people,

especially the foreigners, are probably gonna lose debt and evergreen may not, will, could not continue as it is today, as well as the whole property sector. but what's going on in the clamp down and chinese companies is really in fighting between cp families. and that's what the western me i don't understand, that's why they get it wrong every time that's take a look at again on the big coin situation. people like in the china shutting down the big coin mining as the 2nd biggest mistake. they've made a 500 years after they kicked burnt down their treasure fleet under the main dynasty. you know, i think about what happened in the 1980s where the u. s. and japan, right at that time, japan was about to take over. it was the japan that can say now every piece was about jap of japan style of management and manufacturing was going to eclipse the u . s. it was a foregone conclusion. that what the interaction of the internet, japan, because it's conformist society, they did not have the intellectual capacity to develop all the creativity we saw on

the internet and that whole story died. as a matter of fact, the stock market peak, the property bubble blew up, and they've been and 20 years and recession. but with china is it, can you make a parallel here? because here you have big coin is the new internet internet steroids and it's powering and revolution across the monetary networks of the world. and everything is being built on the bitcoin is, are we going to see a replay of this 980 us japan story china? and i remember those days in japan are still, you know, i had a sony walkman. and so what happened was china though is 20 times the size of japan . that's the difference. and they're far above us technically. so i don't think they'll spade off as quickly as i say, a japan regarding the big coin mining. i have said today we're at a trillion dollar asset for bitcoin. when it's 10 trillion dollars, i think the chinese may wake up and go, ok,

we get to get back in this market. they still control the equipment manufacturing, but they have band mining and holding bitcoin because they want to pump out the digital r b. they want full control. so we're, we're really the world's going to go between full control and decentralization. like what big point is the network? so i, i believe at some point we'll beat it won't be a year, might not be 2 years. but at some point they'll probably make a reversal and say ok, this is a 10 trillion dollar global asset. it's, you know, it's become a micro payment over the lightning network, ppo trade finance is happening in bitcoin and which is does today or a guy in nigeria, we'll just send bitcoin to a traitor. you know, to a guy in china who's got an account out of hong kong or united states, because it's so much easier to transfer the switch system. swift system, the switch systems dying russian china want out of it. we weaponized it, the whole world getting out of that. the answer is big coin is china made huge mistake. absolutely, because most of these guys are 80 years old that run china. i think in

a couple years they'll probably make a reversal at some point has said, most of the people who run the united states are also in their eighties. and just just feel like kind of a co terminus thing right there. post it is going to be like, everybody keeps on saying, well, you know, we have this to city, these trap and china's the rising power and blah, blah, blah. but that's kind of like an old model that we've had for the last few 100 years of big nation states. of course, china is more like a civilization rather than a nation state. but the coin is this is a civilization as well, right? it's its own culture and as you pointed out, that the pioneer spirit of being able to just like pick up and move across the entire world with all your operations and set up and start operating somewhere else within months. is this unheard of anywhere else? so, i mean, can you see a positive outcome, like, you know, say city the straps are usually quite violent throughout history. but we could see

them start to pass. and just like kind of collapsed together in a way and we'll have this new paradigm post. 50 dollar swift sort of system commanding control, centralized. we're going to have a more decentralized bitcoin civilization. yeah, i see the world going into 2 orbits. you're in a china orbit or they are in the u. s. orbit would be kind of be coupled. well though we're still highly dependent on china for everything. i kind of use an analogy that china's gone into $984.00 and the united states is going into blade runner. so china is highly controlled, it becoming more controlled, they're going to keep making mistakes like they did with bitcoin. like they did in this year with the power shortage. you know, they told everyone to meet emission targets, they wouldn't let the coal producers, they wouldn't let the electrical producers increase their price. so the kind of slow walk electric production, all of a sudden there's no power. they're going to keep making these mistakes as they've

centralized. as i've said before, china grew from capitalism. they were the wild west to capitalism, 20 years. finally, when they took over the world economy and they do own the world economy, keep in mind they produce twice. the electric chrissy united states does half of the world's raw materials flow into china for, for processing. their economy is far, far bigger than the united states. it's just, you know, our g d p numbers are like our inflation statistics. they're not real. we're just flipping goods to each other on paper and services. so yeah, where are we going? it's going to be, we're going to have to re industrialized the united states with this whole big point, ethos, young entrepreneurs, technology, lightning network, you know, stripe, these kinds of thing, and use that as a model, the re induct flies everything. well, i think that's a very positive note to end on this christmas. it's not all bad is not all good it's. it's more than one poll, right?

tick tock, next block. it's all happening on a tick tock, lock block, bitcoin watching dan collins special. thanks for filling in for santa claus this year. i know you have to go back to the reindeer there hungry and i believe there saw my chinese food on the money this year was rude off lunch. but thanks bring i kaiser report. merry christmas. all right, that's to do for this additional kaiser report with me. max kaiser and stacy herbert again thanks for i guess dan collins until next on bio. ah, [000:00:00;00] a a technology is a very big industry and there's

a lot of opportunities for hackers. it is not here, but he didn't bring the law in that country you're dealing with. why rushed him that the major cybersecurity challenge is the sovereignty of laws that cyberspace has no borders. new sovereignty, we ended up with, for example, the national health service in the u. k, the and a chest was completely wiped out from a ransomware attack. if you were 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, one of the major fights, chance to merge with president bush junior, was in 2008, this called bucharest company. at that stage, the united states actually wanted for georgia and ukraine to get them and nato membership to start the so called membership action plan. and it was

germany that stop that and then said, no, no, we don't want to do that because these countries will not add to the stability nato, which is one of the correct with in the late to treaty a with us cobra response hates you road block so testing your battery runs out with a daily infection, right? so it's 7 of old in some states, we have a surge when we do need more testing centers. i mean, look at these lines that is all horrible on it for you know, most of my friends have to wait on line for hours and hours to get started. i've had to wait on the line for hours to get tested,