sovereignty issues are not involved, but we also gone to criticize russia. ida, because russia case is strong. so it's a question of principle. the worse is back to them. and we have to, therefore, you would a very gamble position publicly in terms of what we say in the united nations security council. i put this next question to both of you because the you score and policy chief is alleged that the enquire, crisis over ukraine was manufactured by russia. where is it all russia is fulton your view 1st to to alter police? well, as we know, russian russell's military region followed a very long like several years wait for ukraine to implement means agreement. and as well as has been waiting for constructive response from nato to the proposal about an agreement on mutual security guarantees. but there is no response and no implementation of means can bring unfortunately, the leadership of ukraine and not night,

or did not use this opportunity to resolve those differences diplomatically and taking into consideration rational concerns about growing threat. it is borders. and also we can refer to past history 3030 plus years of history after the dissolution of the also fact organization western countries verbally promise not to extend not to nato about since no official documents were signed. this promise was not kept and received as a deception. and so nader has been expanding for 30 years, approaching russia, borders, and the trust has been destroyed. the drop that will start to build in the $198990.00 s. so under the decision of russia was also made against the background of era long 2 roles of nationalists, extra send dimension ukraine growing up and to build up formula to reparation in donnellson will ask region by ukranian. i mean, okay, we're running short on time,

but come, well, i'd like to get your thoughts. so what would you agree with that was also said, i think largely i would agree that the larger blame that lies on the what on the united states and the european union. because both of the military and economic space has been extended by them to isolated, rush up the problem as much as possible and create barriers. so i would say that the crisis has been manufactured to my mind without sufficient consideration of the sensitivities and interest primarily by the west. and you see the ethnic minorities all restroom ethnic minorities in the us life for the states have not been adequately protected. and yet for the europe in union and for the best and democracy in general, go to this diversity protection of ethnic minorities. all these are considered values and principles in terms of their foreign policy. why in the case of

a and i show they should be in a different view or what concerns should be about this minority that were left over in the say, you claim many thanks to both for joining us on the program. that's all done. shad moscow state university political sciences professor on can most about form of foreign secretary of india. thank you very much. well, let's just give you a recap of the latest development now. sort of a pewter nelson military operation in dumbass doing an address to the nation. early this morning the president said that would be no occupation of ukrainian territory heels. the code for ukrainian troops laid down their weapons. he said the rushes goal is to bring justice to those who committed numerous crimes against civilians including russian citizen. so this comes off the people's republic dumbass turn to russia for military assistance. meanwhile, the reports that the artillery can be heard in the don't pass republics and in ukraine. there's also reports of explosions being hired in the area of a bar, a sub for a soap lab port, and a key and ukrainian military post staff or control center fields in kiev. uncall

kids have all been hit by lucky to target will have all the latest for you at the top of the hour from my colleague will receive se, so do stay with us. good backs, kaiser. this is the kaiser report with me and stacy herbert. hey, you know that underneath this snow there's little acorns ready to grow. and even though the world is chock a block would blizzard, us inflation and money printers. there is a see them, a corn, a plan for any to explode in el salvador of freedom and democracy in fun, loving, peeps, stacy right at 1st of all because when you mentioned snow,

i thought you were talking about china on ice as they call it. and that is canada, canada is basically exposing to a lot of people who are nay sayers about big coin that's exposing to big pointers to people who are not big pointers at why i'll salvador is on the right path because the remarkable stuff happening there in terms of censoring the payments, cutting citizens of canada off from their banking services is just remarkable. right. so here we are in a world where el salvador went from just something like 30 percent of the population have a bank account to now over 70 percent. thanks to big coin here in canada, what you're seeing is the, on banking of their citizens as you know, due to their protesting. so the government is saying that that they're protesting, and they're going to cut off their financial services just like china does with their social credit score. so now we're starting to see the likes of gym records according to

a spaces on twitter that i was on. recently they said that he actually came around and said, agreed the big coyness helping the truckers in canada. and of course the ruby on rails and ventre also said something. yeah, the ruby on rails creator goes by d h h on twitter quote. i still can't believe that this is to protest that would prove every bit coin cranked a prophet for me to have to slice a piece of humble pie and admit that i was wrong on criptos. fundamental necessity means bitcoin. of course in western democracy, i was wrong, we need bit coin mean, this is the process everyone capitulates and then you get the price you pay for. i'm glad to see jim records is now starting to see the value proposition. as we mentioned to him over 10 years ago when it was $5.00, them in well, and chris, well, and i've been really resistant. no coins are pretty corners as we say, but i think now the time it's time for us to get on board. that's the remarkable thing is as he points out, that he was wrong. and what he was wrong about,

what he had said in the past was essentially that yes, he could see the value of bit coin for developing nations or those who live in a dictatorship. but we are in this western economy and we have great financial services. yeah. but until you get cut off and those financial services and the fact that it's so integrated into everything about your life, if you get cut off and financial services like everything gets cut off, right? like you're cut off from all the basic necessities of life. that's what he's saying . he's saying that that we all need it because you need that individual sovereignty because that is the ultimate check on the government. always. because if they know that they can't cut you off from financial services like this, then it doesn't even enter their brain member. google's old saying of like, don't be evil like they, the government can't be evil if the citizens have sovereignty. i think the big shock here is that canada turned out to be the country where there was an enormous

power overreached by the government of trudeau. these being condemned by countries all over the world for this egregious power overreach and countries like el salvador, nobody had their them as being the country to that big coin was a path toward individual sovereignty and toward financial security. and there they just reported absolutely incredible g d p numbers and the tourism is booming and they're going to double their gdp numbers again next year. yeah. and on twitter, speaking of being on twitter in spaces and stuff like that, i have received several of the elms from canadian friends asking me what it is like and salvador, and they want to come there. they want to move their family there because they are so alarmed by what is happening in canada. and that's the point is like that guy from ruby on rails, the inventor of ruby on rails. he had always maintain that yes, 3rd world countries needed developing nations need it without you know,

because they don't have it banking infrastructure or they have dictators. he's saying, so his argument was now been exposed as everybody knew that every individual on earth needs it. right. because anyone can become a dictator and pierre trudeau or trudeau, i think his 1st name is pierre. he is kind of french just about justin. justin true . now. sorry to make all your friends people name pierre up there and that was not good. was it? anyway, justin, judo is, has the capacity to be a dictator, is the most vile dictator in the world would have thought the world of hockey pucks and maple syrup would breed such an ugly dick tutorial nightmare as just intrude out. and you know, the 0 heads, i know, you know, their alternative media and they were saying they have a headline that says canada moves to make assets praising under emergencies, act permanent. but there are people in the audience who of course, like only just official media and the similar have i hear from c, b, c,

canada. so official state media says banks have started to freeze accounts linked to the protest, freeland says, and a final warning finance minister says truckers at the protest will be stripped of their insurance as well. if it were in any country that is not part of the say g 8, we would call this a dictator. we would say that that's what we would say about these sort of economic moves where you could just deprive a citizen of actual access to their money, their funds, and cut them off from their heating their electric, their water or their food like that. that's how you buy these products, right? this is how you pay for your goods and services, right? they should make don cherry prime minister or president of canada. i've been saying that for years is the greatest canadian living canadian today. but, but nevertheless, we are in an interesting situation where people don't understand something and

we've been saying it on the show for many years. our friend simon dixon, makes us point all the time. when you put money into the bank, you no longer own that money. the bank owns that money. they have 1st claim on your money. there's just contractual li, statutorily true. you do not own your money once you put it into the bank. so now these types of freezes and ballons are in the hands of a lunatic like trudeau is obviously somebody if he should put down the molson buddy . the point is that there were a lot of people who watch this program over the past 12 years, and they would say it would be people like the ruby on rails guy and say ruby were ruby on rails. yep. and he would say, this is just conspiracy theory, like how outlandish to think or to say as kaiser report does that back in 2011 or 12 that you know, people,

everybody around the world including americans, including canadians, including europeans and brits, would need bitcoin that they would need this because bail ins are coming. we were warning about balance s's. tone based on that very space. as i was talking about, he was saying that he came to big coin because christmas party watched kaiser a port. and what finally got them to buy it was because of cyprus and our coverage of cyprus and how the balance and that, and what they did to individuals in, in cyprus, was the reason to bitcoin. and it, cyprus is a western economy and part of europe. and so it was like why, why did this guy not even see that that was back in like 2013 what you know, where in 2022 it's only going to get worse. and as we've also been covering now for a few years, the central bank, digital currencies that will exacerbate this ability. and as i've said also many years ago, your money will have an expiration date. they'll issue it in your electronic wallet . and if you don't spend it within a few months,

it will disappear. this will solve the inflation problem or they have a list of stuff that you can buy and you can't buy. and of course, social credit, the chinese social credit scoring would be very easy to implement is already effectively in place in canada. so canada and china have merge to sent a centrally. i don't know how that happened, but i know a lot of french spoken in montreal. they'd to learn their chinese now. well, they certainly, if you look at the replies to a lot of these tweets, you'll see that there is a huge amount of support by the popular some of the population to pull their fellow citizens off the financial grid. and you see it even in the language that is used in a c, b c article describing what the government is doing. a deputy prime minister, christie of freelance said thursday. the financial institutions have moved quickly to freeze the accounts of people linked to the demonstrations and ottawa leaving an on that known number of protesters in financial limbo, freeland vowed to take more accounts offline in the coming days,

and an attempt to starve the organizers of the funds they need to continue their occupation of the nation's capital. i'm don't explain this in terms of canadians will understand. let's say it's 1970 s, and dave shows. so the philadelphia flyers. he starts king bobby or with his stick rightness. things ok. now that would obviously be a severe penalty might even be objective from the game and get suspended from the league. so this is what your prime air they're, they're adjusting trudeau is the dave sholtes of world leaders and he's taking his stick and he's bashing the face. of every canadian right now. ok, now would you tolerate that? canadian people? i don't think so about the canadians that i know everybody in canada will understand that because they're a hockey players by at birth. so, but i'm not a hockey player, so i don't know but quickly, you know, in terms of what's happening in el salvador at the, at the same time that this is happening in canada. we see this from president now

she but kelly, he says, i'm sending 50 to legal reforms to congress to remove red tape, reduce bureaucracy, create tax incentives, citizenship, and exchange for investments. new securities laws, stability contracts, et cetera. the plan is simple as the world falls into tyranny, we will create a haven for free them. ok, let me again use hockey terminology to well happening, the canadians. ok. what president bush kelly of el salvador sees an open net. there's an open net. there's a minute ago and everyone around the world was pulled their goal. yeah, the goalie of freedom and democracy and boot kelly saying, oh my god, there's an empty met. so he's taking that shot of freedom and democracy and shooting at the open net. and as a result people are migrating to el. 1 salvador and is economy is booming. ok, so you know, put that in your maple syrup and try to understand what i'm saying. all

i know is i've been to one hockey game and i went with max and i said, max, this is way too violent. this is like a very aggressive game 1000. nothing. that was nothing, you know, good. canadian style hockey is down, cherry recommends. that's what you need to get back to you. big man. the day they took don cherry off the canadian broadcasting that worked as a day. canada basically died. anyway, we're going to take a break and when we come back much more coming your way. ah, i just ah. well, going back to the kaiser report, i'm max kaiser time out of turn to know me, friends, author,

many classic books about marcus finance, central banks, and the corruption there. and she is going to be out with a new book in october called permanent distortion. know me welcome back. thank you so much max, permanent distortion. i think i can guess what it's about just from the title, which is great. what it tell us, what sort of, what was it about? so as we know, because we have been talking about this for years, there is a disconnect, a massive gap between how the market's behave and between what people experience in their everyday realized in the real economy. i, in this book talk about how this is not a temporary phenomenon, but why it is permanent. this is where we're at and will comes from this point is what gets both interesting and complicated. but the reality is because of the boatloads, of central bank money that has been fabricated out of absolutely nothing after the financial crisis of 2008, the pandemic and 2020. we are at

a position in the world where the dilution of all of this has only jet propulsion up asset prices, financial markets, and last the economy behind. and that has a lot of ramifications, right? well, the word permanent is, i think, new to your lexicon and the new to the whole lexicon of those, to make observational markets they're, they're living, and what they write about. there's usually an idea that markets are temporarily distorted, or a markets are temporarily misaligned. what you're, what you're talking about is permanent distortion, which, i mean, how is that different than saying markets are now permanently broken? well, they've been permanently broken that, that, that's absolutely true. why i call it permanent distortion. and yeah, it wasn't a term that i came about lightly because i have been writing about all of the pitfalls and tracy's and corruption and collusion and,

and everything else. the tween wall street, the fed, central banks, governments, etc. but, but why it's permanent is because there is such an external amount of fabricated money that has found its way into all the cracks and crevices of the financial markets. and so many different ways that it's impossible to ever have any of that come back even if the fed, for example, were to cut its asset book by, oh, i don't know like a half a trillion or even a trillion. you know, these enormous numbers that we talked about. it wouldn't change the fact that that cat is out of the bag that, that from now on, we are in a condition that there is no returning from it. it is not temporary. and so what happens from here is really a new error, and that's why i consider the distortion to be permanent. and what happens from here to be the next phase of where we go? we're not coming back, right?

i saw a report this morning, the federal reserve bank and they say is continuing to buy assets, purchase assets, all the talk about unwinding, quantitative easing and rate raises at some point. it, it seems like a pantomime that's been going on now for 30 years. and we're, we're actually at a point where as we say, you can't taper a ponzi, you know, going all the way back to 1980 to the s m l crisis. and the dot com prices in the sub prime crisis. there's this natural cascade down of interest rates. and with every crisis that solved by printing more money, it's that's also accompanied by lower interest rates. and it seems like we're at a juncture and your title kind of in the 1st this permanent distortion where there won't be any return to a normal rate of return in by the central bank of neutral rate of 5 percent.

so isn't that therefore the beginning of what we've called neil feudalism? not only is it permanent distortion, but it's a permanent money printing and power grab by the people doing the money printing isn't this neil feudalism not. absolutely is it's, it's just more technological than the old feudalism. obviously because of where we're at on that, on that realm. in the fact that even in the early days of the pan down at the fed and, and other central banks around the world could literally double the size of their asset books in it. in no time. this is actually more of the condition of where we're at in terms of those you call and, you know, if you doesn't, are there, you know, techno neal feudalism. then then then we were at, in the wake of the financial crisis. you know, at the point at which we went into 2020, even before the crown of virus was the thing before it was on the maps, etc. before you know, lockdown. a for all of that,

the fan had already been creeping up its acid book from a low interim low since a financial crisis of 3.7 trillion after had been a 4.5 trillion to 4 point one, feeling like a wall street either the money in sort of the background in secret, so that's like ok here, fine. but good. it went from $4.00 to basically 9 in the period of less than 2 years. that just indicates that the where with all that we believe to have had no limit has no limit in actuality. and that when they can, they will produce the fabricated amount of money that they believe they need. and this thing is that the lie about all of it, right? is it has been, is that this money is supposed to go into the real economy. one of the things that i analyze the, how the world and in this book and have for some time, but is that this money obviously does not go into the real economy, cannot trace that you cannot look at the growth by any parameter in the real economy. and consider that to be in any way,

shape or form equivalent equivalent to the tremendous growth in the stock market. and in the leveraged markets, financially around the planet, just have to look at the money velocity chart and say that it's continuing to try and down towards 0 to know that the money doesn't enter the real economy, it's just printed and stolen. now of course, going all the way back to occupy wall street and the movement in france and the canadian truckers up in ottawa, there is a global push back. there is a global insurrection against banker occupation. and when you talk about permanent distortion in the past, when you find feudalism are called neo feudalism and broken markets and paragraph by the top, 110th one percent. this generally means or an inflection point. and we have an insurrection. so it seems like at that point no me we are and that's

one of the reasons and obviously you and stacy are champions of this, but i know that we've had such a pivot to a more decentralized financial system and to a big climate growth in terms of the crypton markets because whether one that believes in an appreciation of it as an asset or use currency or whatever else is a pushback. and that whole environment is a push back to this, this growth occurrences throughout all of this time. and it's a technological pushback because the power is there to, to create an alternative. and it's also a psychological push back because it rose from the ashes of the financial crisis of the 2008 when central banks just started with their ability. and they've created money. wow. yeah, that's sad since since 1913 but started the ability to really go into overdrive and not care about what that could do to the markets or to the people who are involved

in the markets. and so we're at that inflection point where technology and seeking of an alternative to this environment is literally just starting. and we may have been in it for the year since the weight of the financial crisis. but, but it's really just getting going. let me throw another phrase out there that i just on the normalization of the grotesque. so i reason i mentioned this is you've got a quote in your book, quote, a funhouse financial realm that thrives even in times of social and political disorder. so the funhouse financial realm is being normalized, they mean stock, so they are going bankrupt, but being traded by neighbors and then finding out that it's a hedge fund that's owned by sit down with a former fed chairman bernanke the involved. so the normalization of massive fraud,

the normalization of complete failure of price discovery, the normalization of failed markets, you call the financial funhouse. and it kind of bleeds over into society. you know, men and women getting grotesque amounts of plastic surgery i would positives and outgrowth of these fail markets as well. the normalization of the grotesque is one of the side effects of having failed markets and a failure of adequate genuine price discovery. no, me, and i don't think people are willing to take on board really the, the negative externalities that we see in society. of the, for example, the mass of skyrocketing in depth and suicides in american drug overdoses. again and negative externality from allowing these markets to run through this as you call a funhouse financial realm, your thoughts? well yeah that, that, that idea of a fun house and again, it's for home, it's for those in control of producing, you know, the back end isn't that keeps going for them. so that's the idea. just just

fabricating money ad nauseum and forever. and that does leave behind and creates that additional anxiety in that does everybody else in the world and the results of that. and we've already seen this even before the extra over drive that happened with money creation post pandemic, is that we've had a record number of social uprisings, a physical uprising to civil a person at the same time. obviously, uprising happened throughout history in different areas of the world, but $29.00 team, for example. we have the most amount of social uprisings around the planet in any given year. and that's not just because people are specific to their area. you know, whether it's hong kong related to china, a super power over them and, and all that. it's more about this collective idea, this collective notion that people are just disconnected from the means of making a living of seeing a sustainable future and everything else. what that creates is tension in the

streets, obviously, rejections of governments a flip flop of governments where we've seen throughout the world we've gone, you know, more progressive than we go more conservative. we do that anyway throughout elections but, but that, that has accelerated in terms of what we've seen in the post financial crisis era. and through today is there's a lot more of shifting going on with governments around the world that creates more political instability. again, that homes, people because that uncertainty hurts them in real life. and so you talk about the grotesque i was just thinking about the 3rd of the observed when you, when you, when we are speaking before max. but, but we are in the some sort of absurd assert, alter reality, or met a reality where a lot of what's also been growing are, you know, different forms of, of met diverse types of sort of alternatives to life. and that's also an outcome of is permanent just currently distorted or permanent distortion in the world. right? well you wrote a book called collusion which details, central banks,

colluding instead of what they should be doing that is competing. so it makes sense, therefore, then you would have a global insurrection against banker occupation. so it's a, it's a global war at this point. and so the book is called permanent distortion. it's out in october, i guess it's a companion piece or some of those other fine works if you've put out include in collusion all the presidents, bankers, and a few more titles as well. now me are quite the prolific writer. oh, thank you. this is what going on, it was fashion to be the last of the trio of all the presence bankers collusion and our permit distortion. there's kind of a, an evolution in go back in history. look at the relationships between law street, washington, the power that infused throughout the world. and then you know, the development of the fed and then obviously in the wake of the financial crisis of the 2000 and how that became a global collusion amongst central banks and basically disconnected the real world

from the financial world. but even more, and now we're in a condition where that distortion is permanent and where it has a dramatic impact. and we'll have a continued dramatic impact on society, on civil unrest on all sorts of, you know, talk about financial and directions and everything else. whether it be physical or technological. now me friends, thanks or bring on kaiser report. thank you. all right, and that's going to do for this additional. the caf report with may max kaiser and stacy are going to think, i guess the only prints are the latest book out like tober permanent distortion next on bio. ah ah, with this video right here from a film crew on the front line showing what's happening right now, which we understand the heavy shutting it can.