says monetary policy more art than science and i renamed it cantillon dot artist because the cantillon effects i think is what basically. infects much of the world whether you see the riots in paris or the election of trump or the brakes it so remember the cantillon effect this dude richard cantillon lived two hundred years ago and what he realized was that original research peons of newly printed money enjoy higher standards of living at the expense. of later recipients of that money so since the financial crisis of two thousand and seven two thousand and eight two thousand and nine when those artists at the fed began printing money the new reef cyprian's of it are those winners that hillary spoke about. re in the cities in. your own off a million directions are let's get back to the original quote ok or the guy at the fed say though person at the fed clarion i said monetary policy yes is more art yes than science ok let's focus on that what does this mean it means that the fed the people who run the economy who price money the commodity that runs the economy they say it's more art th

says monetary policy more art than science and i renamed it cantillon dot artist because the cantillon effects i think is what basically. infects much of the world whether you see the riots in paris or the election of trump or the brakes it so remember the cantillon effect this dude richard cantillon lived two hundred years ago and what he realized was that original research peons of newly printed money enjoy higher standards of living. at the expense of later recipients of that money so since the financial crisis of two thousand and seven two thousand and eight two thousand and nine when those artists at the fed began printing money the new refit cyprian's of it are those winners that hillary spoke about. in the cities in need to lose your offered a million directions or let's get back to the original quote ok or the guy at the fed say though the person at the fed clearly it i said monetary policy yes is more art yes than science ok let's focus on that what does this mean it means that the fed is the people who run the economy who price money the commodity that runs the economy they s

it says monetary policy more art than science and i renamed it cantillon dot artist because the cantillon effects i think is what basically. infects much of the world whether you see the riots in paris or the election of trump or the brakes it so remember the cantillon effect this dude richard cantillon lived two hundred years ago and what he realized was that original research peons of newly printed money enjoy higher.

says monetary policy more art than science and i renamed it cantillon to artists because the cantillon effects i think is what basically. infects much of the world whether you see the riots in paris or the election of trump.

he says he sees that he sees what is going on in the france and in the yellow vest is about the cantillon effect you and i have covered this and you've just touched on that which is the central banks printing money he said in a financial eyes economy only those closest to the means of money creation essentially investors in a professional managerial classes are in a position to employ the language of universalism as a result any political claims as base and particularly needs and interests tend to be treated as manifestation of identity politics in the case of the social base of the show and therefore cannot be imagined as anything but proto fascist so the intellectuals look at this rachel maddow source will look at this there are benefits of the free money that comes from the fed into manhattan she lives and hand she's paid by bankers essentially because of the ads taken out against her program and the and the military industrial complex the rock lockheed martin and you know raytheon taking out ads against a so they look at these people and what you see is they blame russia and they blam

china so we're going to however look at it a theme that we've been talking about and this is the cantillon effect all the money printing and the inequality rising around the world and the neo liberal economics causing unrest global insurrection against banker occupation this week pamela anderson stunned the world with a series of tweets about what she was observing from the ground in france and she said i despise violence but what is the violence of all of these people and burned luxury is cars compared to the structural violence of the french and global elite structural violence of the global elites she must be referring to me a liberal money printing practices that don't create immediate violent impact but it's more of a deferred violence you know all these bank executives get deferred prosecution as well as deferred bonuses and now we have deferred violence the violence is deferred so they create as the protesters in france are saying. the purchasing power has diminished because all this money printing that's going on and you mention the cantillon effect that money printing in riches th

cause not the cantillon effect which is what they've created instead this instability of the wealth and income gap whereby all the free money went to a very select few because when they're flooding the markets what he's meet with buyers pushing others to take more risk and buy more assets he's only a small percentage of people entities corporations in the world that get that money from the likes of danny blanchard from the central bankers and that's wall street and it's the corrupt banks that they're after banks and yes he's trying to encourage people to take more risk he doesn't bother to add it is analysis somewhere maybe in the footnotes when he says people he means bankers ok he wants bankers to lend out to keep their so there's a money multiplying effect but they weren't because the central banks were paying them for the money that they were given a positive spread so it stopped there on the zombie banks balance sheet as a bailout for the banks he knows it but is using software straight and double talk so high is what he does you know he's no less of a financial charlatan than fran

cantillon in fact our money printing by the central banks around the world of course the european central bank has stopped. asset purchases this month so they're ending quantitative easing for the moment anyway and here's a tweet that i responded to this is from mark j. valid gigantic e.c.b. money printing q.e. programme will and after one thousand three hundred and seventy one days that was from march of two thousand and fifteen to december twenty eighth seen total money created two point six trillion euros that's per day and an amount equal to euro one point eight nine six point four two five nine six so almost two billion euros per day per person in the euro zone that equal to seven thousand six hundred fourteen euro's he asked everybody who did not receive this sum of money was robbed inflation is theft the thing that really interested me was that per person amounts seven thousand six hundred euros if you're not richer by that in those three years of love of money printing by the e.c.b. then that's been stolen from you that amount has been stolen from you francis coppola who is not fr

going to go in a little bit more once you respond to that about the cantillon effect and he actually puts it down to one hundred seventy one going off the gold standard with the five richest goats in america surround america's central bank that's direct evidence of a conservative like they print the money it goes to those guys in the neighborhood first wise was jeff bezos moving into that neighborhood because he wanted to get the i can tell in effect one hundred fifty buildings not enough for him he wants three hundred billion so that's a direct correlation and a direct ip so facto cause and effect you see it geographically it's obvious so how the the elites got so divorced from reality and why they can't understand the world around them why they continue to fail well he says since the us jettisoning of the gold standard in one nine hundred seventy one we've seen a profound shift in the nature of capitalism most corporate profits are now no longer derived from producing or even marketing anything but the manipulation of credit debt unregulated rents as government and financial bureau

before christmas and it's really relevant to all of our stories that we've been focusing on including cantillon a fact and money printing by the central banks around the world of course the european central bank has stopped. asset purchases this month so they're ending quantitative easing for the moment anyway and here's a tweet that i responded to this is from mark j. valid gigantic e.c.b. money printing q.e. programme will and after one thousand three hundred and seventy one days that was from march of two thousand and fifteen to december twenty eighth seen total money created two point six trillion euros that's per day and an amount equal to euro one point eight nine six point four two five nine six so almost two billion euros per day per person in the euro zone that equal to seven thousand six hundred fourteen euro's he asked everybody who did not receive this sum of money was robbed inflation is theft the thing that really interested me was that per person.

good you have a monstrous global ripple effect but before we go your thoughts on the role of the cantillon effect and the unrest in france and disconnect in places like the u.s. and u.k. mesh france is pretty great amazing here we are the leader of the euro zone at least the c.p.a. alban shares ties in italy over a budget deficit of two point four percent well. guess what france is three point six percent and this isn't as a result one of the things rance did to get its budget back into the budgetary rules that they were on over there was hyped axe the diesel to x. so the french protests it is their brain was doing and rice went on every week every week and excusing for four straight weekends record back down office diesel tax and now it is promising free money to be able. to really this is going to lake lake get them or not. they're going to raise the minimum rate wage by one hundred euros i was going to do that and he said he's going to do this without any expense to the white employer mindsets really not realistically possible except he said it's going to be government government and so

china so we're going to however look at it a theme that we've been talking about and this is the cantillon effect all the money printing and the inequality rising around the world and the neo liberal economics causing unrest global insurrection against banker occupation this week pamela anderson stunned the world with a series of tweets about what she was observing from the ground in france and she said i despise violence but what is the violence of all of these people and burned luxury is cars compared to the structural violence of the french and global elite structural violence of the global elites she must be referring to.

before christmas and it's really relevant to all of our stories that we've been focusing on including cantillona fact money printing by the central banks around the world of course the european central bank has stopped. asset purchases this month so they're ending quantitative easing for the moment anyway and here's a tweet that i responded to this is from mark j. valid gigantic e.c.b. money printing q.e. program will and after one thousand three hundred and seventy one days that was from march of two thousand and fifteen to december twenty eighth seen total money created two point six trillion euros that per day and an amount equal to euro one point eight nine six point four two five nine six so almost two billion euros per day per person in the euro zone that equal to seven thousand six hundred fourteen euro's he asked everybody who did not receive this sum of money was robbed inflation is theft the thing that really interested me was that per person amounts to seven thousand six hundred euros if you're not richer by that in those three years of love of money printing by the e.c.b. then that'

the media commentators and the elites they love and hang out with they've basically created this cantillon disaster that we see all around the world that's why we've had a breakdown in our order and i think this is part of it like. anybody who is saying russia about every single disruption that's happening around the world is basically them admitting that they don't understand. the rules anymore they don't understand the people that they're supposed to basically govern you know the soviet union had a brilliant description of the people like rachel maddow or the washington post or or the new yorker or vanity fair or saturday night live or or alec and billy baldwin they call them useful idiots and trump plays them like useful idiots they distract the populous away from what he's actually doing by focusing on something that the vast majority of americans and we just finished just incredible cross-country journey the vast majority of americans don't care at all about so they fulfill the purpose of providing cover for trump stuff the way there are going strong but nobody who was truly against t

economy is suffering tragically now we get into a cantillon effect you can say the fact is if you're a friend of the fed and you get the money first you put it in your pocket or you buy an asset and as that money trickles into the economy the value that asset goes up that you sell to top and repeat that's how we end up with this wealth and income gap that's how we end up with a platonic recy that's what we end up with a new gilded age that's how we end up with people in the street riding and fixed cost for things like health care skyrocketing because of gouging because of robber barrons and now we get to this artist he put his own poop into a can and sold it and it's worth three hundred thousand dollars a can of the artist poop because he recognizes that it's easy to fool people into thinking that my art is valued at this price because i subjectively believe that you will pay that price and if there's a market around it as we see in the art market is similarly manufactured pricing by people like sotheby's and the media to follow that industry as we are living in the whole of grandma.