i was walking one of the dogs. why do you wear again? were you scared? to let you get off and i think the people need to take responsibility in their own hands and be prepared if those kinds of weapons were less available. we wouldn't have a lot of the shootings and we certainly wouldn't have the number that i the us response hit you low blocks, testing capacity runs out with the data with actually surging 7 phone across some states. we have a surge and we do need more testing centers. i mean, look at these lines. that is horrible. honestly, most of my friends have to wait on line for hours and hours to get posted. i've had to wait on line for hours to get tested. russia for a ministry says holding nato's expansion will be the top priority. upcoming talks will be a lot russian, i guess,

from her to not accusation from countries including ukraine, that is deliberately pushing up natural gas prices in europe by restricting supply . about the quick summary of this, our headline because the report cutting away in just a few moments time again in an hour time for the native hello. ah. i am ash taiser. welcome to a very kaiser christmas now a 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 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 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 is 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 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 have 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 for 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 moment. and 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 $3.00 to $500.00 new nuclear missile silos. who knows how many really they'll have. these will all be outfitted with hypersonic missiles and technology. the united states doesn't have. china's literally pass is not only consumer tech, but now in military tech. they are showing a few areas where they're ahead of the united states and 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, you still have sensors. we don't have to have to have components. 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, you know, if u. s. intelligence has been completely gutted in china is, 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 in all the cia assets or in china, had been gone for 2 to 3 years. so it 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 kind. 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 amazon 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 theat 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. 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 manufacture 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, of bickley. they're the biggest mining operations there. so i mean, we do kind of follow that 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 $971.00, 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 sell you furniture. they want to lease you furniture. everything is become financial like the private equity that takes 0 percent money, free money. there. first thing is a cut all the jobs, close the factories and outsource it. ok, that our whole system is set up not to make anything here because it damages or financials, because you're spending real money to build real plants. you look at the chips, intel just ask the government for $100000000000.00 to build a chip plant. but 6 months ago they paid out $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, money, paper, money, print it, 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 coin, mind myself, 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 minors setting it up. so i think that's kind of the new model. we have to look at the whole ecosystem of all types of industrial and manufacturing and make sure the ecosystem makes work makes it makes it available for minors and it just,

anyone in the industrial supply chain to rebuild the country. oh wow. this is a positive not for sure. well, we're going to take a break. and when we come back by with dan collins on our kaiser christmas fan banga special danco way, ah, ah, ah, ah, ah, ah,

join me every thursday on the alex simon show, but i'll be speaking to guess in the world of politics, sport, business. i'm show business, i'll see you then. ah, welcome back to very 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 and america, dan. let's discuss the consumer side of those us china relationship. you describe the united states as a warehouse economy. if the u. k was a national shopkeepers during the last days, 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 and the u. s. as that going to go well 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 plants a years later, are these things happen? so in china they build it in 6 months, but over here it takes a year. we just have the foundation, doug. so that's kind of going around on in twitter now, especially amongst the chinese wolf or your diplomats or kind of laugh and like, and we forced to chip makers 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, how, while way, was in the news in 2021 and that came to a head with the arrest of the woman who is the daughter of the founder of while way

. and i guess she was the ceo. she was released at china, sent 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 can tell i why do you think by then did this to, of course, if, if trump had 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 found 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 that it is 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 did a wheeled out there. you know, so these guys what's happened in 2021 though, people don't understand the root cause a 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 in training property. you build an apartment for 6000 r and b, a square meter, and you sell it for 50000 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 didn't pings,

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, let'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 1980 days 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 with the international, 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 in 20 years and recession. but with china is it, can you make a parallel here? because there you have big coin is the new internet. it's in for that steroids and it's powering and revolution across the monetary networks of the world. and everything is being built on the big point 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 though 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 dos 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 than transferring the switch system swift system, the switch systems dying, brushing china want out of it. we've weaponized it, the whole world getting out of that. the answer is bitcoin. as 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, they said it is half 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, these traps 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 have this new paradigm post, $50.00 swift sort of system commanding control. centralized are 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're in the u. s. or, but we the kind of be coupled. well though we're still highly dependent on china for everything. i kind of use an analogy that china has gone into 1984 and the united states is going to blade runner. so,

china is highly controlled. they're becoming more controlled, they're going to keep making mistakes like they did with bitcoin. they like they did in this year with the power shortage. you know, they told everyone to meet admission targets. they wouldn't let the coal producers, they wouldn't let the electrical producers increase your price. so they kind of slow walk electric production all the sudden, there's no power. they're going to keep making these mistakes as a 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 raw materials flow into china for processing their economy is far, far bigger than the united states. it's just, you know, our g p numbers are like our inflation statistics. they're not real. we're just flipping the 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 industrialize the united states with this whole bitcoin

ethos. young entrepreneurs, technology, lightning network, you know, stripe, these kinds of thing, and use that as a model to re industrialize everything. well, i think that's a very positive note to end on this christmas is not all bad. it's not all good. it's, it's more than one pull, right? tick, tock, next block. it's all happening on a tick tock, lock block. 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's some my chinese food on the money this year was rude off lunch. but thanks bring i guys report merry christmas. all right, that's not due for this additional kaiser report with me. max has earned stacy herbert again thanks for i guess dan collins until next on bio. ah, i

look forward to talking to you all that technology should work for people. a robot must obey the orders given by human beings, except where such order that conflict with the 1st law show your identification. we should be very careful about artificial intelligence as a point, obviously is to place trust rather than fear a very job with artificial intelligence. we'll so many with a robot must protect its own existence with join me every thursday on the alex simon, sure, i'll be speaking to guess in the world of politics. spoke business, i'm show business. i'll see you then. mm.

ah. a welcome to worlds apart from the earliest days of nation states, security has been the most critical and the most controversial issue in europe. and while ensuring it provided both prosperity and development, it has also condemned millions to that death with russia now openly rejecting the post cold war security arrangement is another round of confrontation on the continent. a safe bet we'll discuss it. i'm now joined by christopher hoist. can

a long time adviser to german chancellor, anglo merkel, and like the chairman of the munich security conference besta, it's great to see you. great to talk to you. thank you very much for your time. thank you right. a pleasure to meet that to be with you. domestic security conference is one of the top platforms for discussing difficult security dilemmas and your chairmanship. com's, at a time of the most accurate disagreements in russia and the west over ukraine and a host of other issues. i wonder why would you even want this job? what are your aspirations? no, my aspirations are exactly for the reason that the unique security conference was established and that is talk, talk and meet.