journal of back in the beginning of this month and happy new year. everyone and see you in maxed. the bookings between the united states and europe for the week starting november 29th. and this is going to mid december, down 77 percent from the 2019 levels down 77 percent j. p. morgan and now sta. oh, we're not going to have our big health conference in san francisco. we're going to do it by zoom or a oh, don't worry about all the restaurants, although tells all the businesses, the taxes that come in with conventions and trade shows. they're gone. you're looking at office occupancy rate in america at 4,

he percent. that means 60 percent aren't coming in. what happens to all those businesses? and now, with the fear that spread with the new, i see were heard that came out of the moronic via part. the look what they did during christmas holidays all the way it would be all over the western world. oh and china. a chinese doing great. did you see their numbers coming it? oh yeah, consumer spending is down that you housing is down. numbers are going down to all locked up, no travel. so this is very serious. we think one of the big trends that we're looking at in 2022, they're saying stagflation. we call a drag flexion. economy is going to drag down and inflation is going to keep going up. and when you're looking at, you're lucky, by the way,

john williams shadow stats. so i admire his work, you know, because they riggs the inflation of his housing is included. oh, you're not eating steak any more valuable. you're eating ground beef, it didn't go up the, the prices didn't go up, so they rigged the prices for 2 reasons. so they could keep interest rates low, and the gamblers could keep gambling. and so they don't have to pay more people social security because it's, it's geared towards inflation rates, the real inflation rates about 15 percent. so when you're looking at interest rates, you have negative interest rates. so now they're going to raise interest rates are gonna raise a, maybe the raise of, you know, to 3 quarters of a fed rate, about 3 quarters of percent. either even afraid to do that because they can't stop the flow of cheap money. so we see this thing going down and inflation going up, dreads lation, not stagflation. and just quickly look how they lied to us,

or it needed a light, or they got to be the dumbest people on earth. let's go back a year ago, december. the since it's your own power, the fed head. oh, this inflation is nothing. oh, it's only temporary. oh no, no, no contemporary when she transitory. and now there's shay, well, you know, because the are the supply chain disruptions and other things. it's not supply chain disruptions as that much of it. it's all this cheat money had dumping into the system that saw it officially propped it up. you said something interesting there about the research interest rates are low as to keep the speculator speculating enough to point people over luck. they are told that the re, the reason interest rates are low is to stimulate the economy to stimulate job growth and to stimulate the g d pane. while we know actually the reverse is true that by keeping rates artificially low, they are sti, me in a job growth, they are killing the economy. and as you point out, it's purely for the benefit of those who borrow at those low low rates. and they

speculate in the financial markets which are now magnitudes bigger than the rail economy. and when they make a bad bet, they get bailed out. when they make a good bet, the keep the prostate. what's interesting, gerald, is that they were able to hide the inflation for a long time as you point out by using had donek adjustments and substituting hamburger for stake or bugs for stake now. but now we've got a situation where it's obvious that prices are running away. this people notice it for groceries and for energy. so j power, when he's testifying before congress and saying that they're thinking about maybe raising rates at some point, if they see some inflation, it's clear now to the population that this man is. and it is a tyrant, essentially it's not able to put it into historical terms. so you'd have to go back to benedict arnold to find somebody in american life who was so obviously in

patently, undermining the integrity of our government in our way of life. gerald, you, you said most people know that people that listen to you and, and stay see. yeah, the people that you know that the mark morse's in ear, george gammons myself, you know, we're, we're a minority. most people believes a b s. and that is, and of course the mainstream media keeps repeating it. this is the worst that the fed gang has done since they were invented by another murderous clown that a woodrow wilson in a 100 a years. they've been lying to us and say, oh, when inflation rate goes over 2 percent, a number, they made up back around what, $2102012.00 we made, we made the number up to percent. and now it's way all the to appreciate it, and we're thinking about it, we're not too sure, but we'll let you know. you mentioned j. p. morgan had cancelled their big

convention the conference they were going to hold in san francisco. and actually, not only was it, some of the see were in a restrictions, but most people were afraid to actually go that the attendees were afraid to go to san francisco. maximize, don't we, we refused to go to san francisco. and so let's talk about that because we've used the quote from busta all the time paraphrasing prep, frederick boss, yet saying that when plunder becomes a way of life for men at the top, you know, they cree of more legal system and a moral system to justify it and it seems like san francisco is the epitome of that . not only do you have nancy pelosi, representing the region in the congress. and she's like, arguing for insider trading by congress, members of congress. but you have the, the state of california has said like, we won't prosecute anybody who steals under a $1000.00. so it we, you've seen just get won't go broke for real,

happening in a wild way in california. and we have refugees fleeing that heading to texas. heading to florida, heading out of those sort of states. what do you think? what's the trend with that you, you, you talked about california. the exodus rate is it's, it's, it's, it's off the charts. when people lose everything and have nothing left to lose, they lose. and they're losing it and they're losing it all around, all, all across the country and around the world. again, the rich got richer as max who saying, you know, they used to cheap money to buy in, artificially merger acquisition activities and all time high. why don't people want to go back to work? where do i want to go to work? i want to work home g po, no, i think amazon, i, you know, i like dial a general. where are you going to here to job starbucks? you know, you got a job in starbucks, you could be the, if he is the new person coming and makes almost as much as you do, which equals next to nothing. how could you live on $1215.00 an hour?

look what's going on in the housing market. oh, housing markets going up, but people can't afford to buy them. so the apartment rentals are going way up because they can't afford to buy. so the people that have when this, when they lock down, things people say themselves, i don't want to go back to work. i don't want to do that anymore. i think i'll go stealing rob, who's even stealing a robbing from me? why should i steal and rob from them? yeah, good point. and that's become plunder away of life warned about by frederick boss yet. oh, back of the 19th century. you know, so something interesting is happening in the trend. watch area sick, a secular move. you'd have to go back to the 970 to find something similar. and that is the return of labor organized labor in a push back by labor against the financial world. typically, historically, economically, there's always been a pendulum swinging back between and over law financial ised world. like we saw, the 1920s, led to the 1900 thirty's and come back of labor. you could call it. now we've got

the from the reagan ism, up until present day, the total financial zation of the economy collapsing in 2008 and continuing to collab survey. for now, this seems to be a movement towards labor, is a secular move, is it going to be with us for a while and where does it go? it's one of our top trends to 2022, actually unionization. and i mentioned starbucks, they're the one that's leading to charge you got caught kellogg, deer, and a number of companies to people. is that supply and demand issue? so now they can that now they could. now they could go on strike. now they could demand not to work and demand more money because people can't find employees. so this is going to be with us awhile and i and at now all. so i'm not saying the right or wrong, the good of the bed. i'm putting the fact out even a demand more money, right? inflation keeps going up. right? again, even though they demanding more money with inflation. as i said, the real, if he used the fake inflation number at 6.8 percent. wages only went up 4.8 percent

. so it is still down to percent. so they gotta keep fighting fits right because i have no food at the new york times describe that loss of wages as an improvement in wages. so here's a nobel winning economist, you can add or subtract apparently. but i want to ask you about the this labor organized labor because i've often said in this is i think a position i've never heard by anyone but myself. make this position that the, the minimum wage laws are the poor man's central bank. in other words, if you're on wall street and you get to borrow money at 0 and make 15 to 20 percent a year without any risk. other, there is a counterbalance of that in terms of the people or out of wall street's called minimum wage. i'm all for getting rid of the minimum wage and let the free market determine wages if we can currently get rid of the central bank. gerald, i want to say we're going to come back in the 2nd half after this break. we're

going to top up or champagne glasses for this new year's eve special. we're going to come back with an answer. this is a cliffhanger. first ever on kaiser report with what we've got to do is identify the threats that we have a treaty confrontation, let it be an arms race is open, very dramatic developments, only really and getting to resist. i don't see how that strategy will be successful, very critical. i'm time to sit down and talk a colorado. he came out of the test bed for medical and

then later recreational marijuana and it started with some things. so innocent. i was wanting to socialize. everybody does it for why can i and then it just keeps going and going and going. i'm just going to do it was yeah. and then it's, oh, i'm just going to try this was never do it again because a one wife was in the morning and right on inside. okay. and you surround yourself with people who are encouraging you to do it and you not to stop or it felt like my life was over, jumped officers off the balcony and dyed me. she knew he just couldn't stop. ah, welcome back to the kaiser report. i'm next time we're going to continue with our conversation with the one and only gerald salenti the way we left before the break

. i asked the question, i said i'm the only one that has this particular position that i know of, and that minimum wage is the poor man, central bank. in other words, i'm against minimum wage and a free market economy. i think free markets to determine prices, but an economy that's governed by the central bank, which is a polar bureau, that sets the price of money. it's a centrally american communism. you need to have a counterbalance called the, the minimum wage or otherwise you're going to have slave slave lambda as you call it. what, what do you think, gerald, what's the minimum wage? it's, it's nothing it's, it's just a phony phony number, the throwing out there. right? well, we can just try and clear that he's doing something to adjust for the real inflation that you mentioned. the minimum wage in america would be now $60.00 an hour, which is a living wage. and that's the way would be if there was a frame, if there was any adherence to any economic principles outside of the delusional. coughing it, coming out of pol crossman. that makes no sense. right?

gerald, i'm totally against the government putting any kind of mandate on what the wage should be. and who would they to decide anything? because tell me anything that they've done where you could show me a success rate. i know the afghan war, they did great on that one. why are you talking about the nobel peace prize? how about the nobel peace prize? you know that was that guy, obama that got it. yeah, i want that guy could off, he added it. we're going to destroy would be the richest country in africa with people had more rights in and benefits. and then lot of your peers i want that guy is sought out at arid syria. how about that guy over there in ethiopia that they just gave the nobel peace of christ when a gift to oh yeah, the one that started the war against achieve christ. and now you have the 2nd most populated nation in africa at war. so going back to the nobel prizes, they have no bell pieces of and the people that get them fit into that

category, obviously. so again, in a free market economy, the government should be telling us nothing to do other than i believe i liked it, sherman anti chustek, the clayton, nancy chustek, the glass steegal act, the robinson patman at dad presented the bigs from monopolizing the country. and now the world, let's follow on the 2 themes here. so 1st of all, you mentioned that the return of labor is it's going to be a good thing. is it a bad thing? and of course, the story of labor in america and capital versus labor is intricately tied to the situation with china. china took all our jobs because the capital sent all our jobs to china. so we see that they said it is trap happening is um, is there going to be a war which i know it looks like in that the last weeks of this year of 2021. we saw

a lot of like multi front conflict is starting to emerge between that declining empire and the rest of the world. now we don't sue or which shine as a city united states could. what could be a bill is $680000.00 taliban. it couldn't win, couldn't win in, in, in iraq. now, erica touched shine. and shine is going to do what they want. one of our top trends to 2021 was china, 202120th century was the american century. and the 21st century is going to be the chinese because the businesses america's been walk in the business of shyness business, they're going to do what they want. and, and not, of course, i'm not for it. i'm saying, what is it, who's going to stop the me going to take over, which i want to going to do what they want. and now they're making you deal with russia. so it shine in russia, uniting was america go to unite with who's going to fight them and they get no, i don't see it happening at all. and if they do go to war, it will be that was when they asked einstein what kind of weapons will be used to

fight the 3rd world war. he said, i don't know, but they'll be using sticks and stones to fight the 4th. yeah, you mentioned russia and china now coming together, and that's been in the works for quite some time. they have of course, one road, $11.00 felt beltran initiative, which is tying that whole region together. and it's part of that enormous economic zone that is going to be dominating for quite some time. the one wildcard of the in the geo political arena. and this is pure speculation. but if you put russia and china together, how tough is it going to be to put germany with those to the germany is that, you know, they're interested in money. and i don't think that if they go for the united states attacking russia, getting involved in it, i think the cherry what we should be looking at all. so what's going on in the middle east, particularly with turkey, with their, their leader has dropped 45 percent just this year alone against

a dollar their real inflation rate as well over 40 percent. and again, one of the things i always say when all else fails, they take you to war in order to win, as i have a very good track record of doing that, the, the president, particularly with his popularity slumping. and so i'm concerned that we're going to start seeing more action breaking out with turkey against other countries, particularly syria, the kurds, and the other one to look at to is what's going on with israel and iran with the nuclear deal. so to me, the concerns are with the war front are the middle east, and again, what's going on in africa. they don't make it in the news. hardly at all. what's going on in, in ethiopia, is very important to look at the whole horn of africa, which sudan, this, this is bedlam up there. and by the way, you want to see a migrant crisis happen. you haven't seen anything yet. you mentioned that if we

have a war with china, the next war will be with fought with sticks and stones. but one of your trends for 2022 is you know, citizens, especially of the west of a high surveillance stay high tech world. seeking low tech alternatives and you can you explore that trend further about a low tech future is simplicity is they do they've, they've gone to check in to anyway, we're talking about a supply chain disruption. look what's happened with the automobiles, you know, once upon a time, it was very, very simple. and now something breaks down on your screen and it's like a $68000.00 problem. the same thing with equipment. so now you're gonna start seeing a lot of companies going back into simplicity. now we don't have to make it that complicated. so you're going to start seeing that and it would be a great entrepreneur. opportunities. do you know what the product,

the average price is? automobile now in america. 40363 dollars, 40000 dollars. well you making $15.00 an hour. maybe. how are you going to afford that? no, there would be smart to becoming back with more simplistic automobiles and more simplistic equipment because they've gone way too high tech. they used car market is trading at a premium to the new car market. and so that's very unusual in it. it shows the market failure, right? because there's no good price signals. and the, the answer gets back to money printing. so even if there was a return to a more simplistic automobile manufacture, you know, you still have the problem that the economy is a wash in all this fi out money. and there's no way to pull it out. they know they can't raise rates because of what we discussed earlier. structurally, the bond market won't tolerate it, so they can only go to the question. is gerald, are we having into a hyper inflationary?

why mar republic collapse, or will it be a deflationary 19 thirties, depression type collapse? i think it will be a combination in the sense that there will be, as i said, a dreadful ation. you're going to see the economy go down and inflation keep going up. and it's, it's not going to go away and it will d a y more republic. i think more of more of that in the sense that the, the standard of living is going to continues to decline dramatically. and then again, you're going to start seeing a lot of a lot of conflict going on, new political parties being formed against the establishment. the, there are, there are a lot of people are totally disgusted what's going on. and so i believe there's going to be, as i said, drag flayson rising inflation, declining the economy, declining living standards, and going back to an occupy wall street mentality. one thing that came out occupy wall street was the one percent. no one ever talked about that before. and now the

one percent are in total control. and you going to start seeing rebellions going on, and again, goes back to the unionization, all 3 of us live through the stagflation of the seventy's. what advice you have for the sooners and the millennials? of course, back then, we didn't have a surveillance state. we didn't have social media, we didn't have a med averse to escape, and to we didn't have fentanyl and all these sort of narcotics and high overdose test. so it's kind of a different scene and structure in the u. s. economy at the moment. but what, what sort of advice is mr. begin for them on this new year's eve, speaking only for myself, gsp, gold, silver bitcoin. and you, so it happened in the middle of december when the set even came out in the city. we're going to raise rates, all of a sudden, boom. gold jumped back up again. silva started gaining more strength and bullish on silver by the way. not so much as say david, but them using it more and more in industry, particularly,

solar paddling and other things. when you throw silver silver in all the computers and everything else, so that's my thing. and of course there's no body that knows bitcoin him, he's got that's guy who's the number one can i feel he was the 1st to call it out? and so i'm, i'm totally on board with would max has been saying on it. and i'm, and i invested, i read recently that during the pandemic and people were locked up at home. a lot of people took up new hobbies and one of those hobbies a lot of became very popular. people started to cultivate plants at home. and this story was about people have become addicted to their plants and they're going broke, taking care of their plans. and i noticed you're sitting on a set right now and you're surrounded by plants. have you develop the plant that dixon gerald? now i have over 20300 plants in my office and that's normal. and the reason i do is i,

i try to surround myself with beauty and get my mind off all the ugly going on. so i take care of the plugins and stuff. that's why i took it as a quickly on that thing you were just talking about because a joe biden, this year his administration did mention that sanctions against countries like around was more difficult because of big coin. and i think that was a profound statement and kind of ties to your theme of a possible war. and whether or not that might happen is if, if, if, because makes it impossible to have the sort of wars it's, it can bring some sort of peace. what do you think of that? now many actual do anything. they don't care about facts. and again, to me, it's, this is the safe haven asked said so what i'm looking at and looking, and i mentioned to you about 40 percent occupancy rate in office occupancy. right? what's gonna happen? a commercial real estate sector. oh and when interest rates go up, what's the debt level in the united states only was 30 trillion and they just

stopped it again. you gotta pay more money. now when interest rates go up, was gonna happen all the junk bonds. so you're looking at, you know, did when interest rates go up, well this debt levels going to explore. well an explosion is a good way to pop the bubble into the 2022 year. we all look forward to speaking to you again and happy new year, mr. bogey himself. thanks for watching kaiser port. new year's eve specialist show at gerald. the last day bad guys are stacy harbor until next year, buffy all. ah ah, ah, is your media a reflection of reality? ah, in the world transformed what will make you feel safer?

isolation, community. i you going the right way? where are you being led somewhere. direct what is true? what is great in the world corrupted you need to descend. ah, so join us in the depths. will remain in the shallows. ah! i am one of the worst ever mess. shootings in america was in las vegas in 2017. the tragedy exploded a little of the real las vegas, where many se elected officials are controlled by casino knows the dank as shooting revealed wet deal vs pd really is. and now it's part of the stand machine. most of the american public barely remembers that it happens,

but just see the power of money in las vegas. the powerful showed that true colors when the pandemic hit the most contagious contagion that we've seen in decades. and then you have a mayor who doesn't care. so here's care i goodman, offering the lives of the vegas residence, to be the control group to the shiny facades, conceal of deep indifference to the people vice could have been saved if they were to take an action. absolutely, keep the registering and keep the slot machines being vegas as a money machine is a huge cash register that is ran by people who don't care about people's lives being lost. 2, ah, jewish things that have happened in the world were being done by people who had a great vision of how society could be better than that. great vision is typically the left hemisphere representation is not real. it doesn't take into account any of the complexity of the reality. the subtlety of various and complex people,

i post them into categories as this love is bad, we'll get rid of them. you know, and change is an organic process. change is an evolution and the opposition is not to gene the status and everything must stay the same and everything must be radically changed. radical change is not the way that that kills me. this isn't an orphanage. oh, even susie children have been kid for the finance house. i can vouch for my mom with with medical michelle in the middle.

oh hello ms. violet, my loan is violet betsy on a mom. yes. a shuttle. i can redeem your theme, i think. oh

oh i the the world rings in the new year with fi works illuminating landmarks around the globe. we recap some of the challenges in the past 12 months is cody continues to cost to ship with some positive predictions though inflation in major markets will drop on the global economy will grow. that's the bulk of the head from a major american investment back. we're going to take a look what to expect in the year ahead. plus, looking over our shoulder, some of 2020 ones, big political spots, the divisive defense deal that so france, prose it out. it's australia, britain, the us banded together putting long time allies against one another.