max we've talked about the cantillon effect for the past few years here and that's when money printer anybody close to the money printer they get it 1st the oligarchs the cup the kratz the caca stock or c. they get the money 1st they get all the benefits of 0 percent interest rates and the further away from the bunny printer you go the more income bird with debt and grotesque nesting toxicity of all the fraud that went before it so we're seeing this unfold around the world but i do want to make some notes about the set we have a palm tree now in the background because we are you know feeling like summer is coming on and that might be some sort of hope in the future about this cove in 1000 global lock down we have a fine as an investment handbook here that we will need in a few moments to explain negative. rates are negative prices on options but i do want to also say hi to juan one tanya because our latin american audience our. version of kaiser report is like rocketing we have so many amazing viewers there we get constant emails so many tweets from them and he says you got one new fo

effect and in fact that the cantillon an elite is the the elite of cantillon around the world they're the same class of people who get the money printing 1st and then what do they do they run away with it at the 1st sign of trouble there's capital flight and then we have life imitating art when i go back to 2008 max this is alex shaffer's chase burning this is part of j.p. morgan chase the biggest bank in america and this was a metaphor for the banks being responsible for financialization being responsible for our economy and our societies burning down such oh you know that is part of the global answer action against banker occupation right that's been going on now for 01112 years has growing skirmishes coalesce to a global movement because there is only one issue that anybody concerned about you know society should be thinking about and that is the can to win the cotillions that cantillon they get any ends the can take italian that they can sell eons right now the catalonians they live in spray for as if they cannot ows they also live in france she said account the limit can't tell t

effect and the rise of the cantillon air class yeah that's right the canceling our class people to just shake down the fed like warren buffett but even that has limitations like a fed really denied warren buffet you know he was trying to shake down the airline industry during the crisis of the past couple of months and get sweetheart deals and freebies and guarantee profits and the fed stepped in and said no we're going to be buying airline shares and in front of warren buffet they front run warren buffet the ultimate front runner give you an idea because the fed is now much bigger than berkshire hathaway it's much bigger than any of these private equity groups and that's the purpose is to take everything private for the people who own the federal reserve bank of america. which are about 20 or 25 families. so importantly you know with ken telling our class with can tell in effect what happens as you know basically would have warned you about this corruption spreads right the corrupt class consolidates its wealth and and basically feeds each other the free money and one thing i was told

less in present cash than in the future cash from the fed he is right up there at the front of that cantillon line to get right right during the quarter the money supply increased by like 18 percent if the fed was just flooding the economy money and a lot of those money goes through buffett's holdings like the banks that he owns yes they still manage to lose 50000000000 i mean this is such an overrated clown and his performance is horrible when it when you compare it to gold he's that he's not performing gold gold is up performing buffett because it is up 9000000 percent since its inception it's up you know on the last 101520 years it's opera forming buffett by thousands of percentage points big berkshire hathaway price and big coin is probably near 0 and he has all those cash which is not a good thing if you're supposed to be a celebrated investor right you're saying i don't really don't what i'm doing anymore i stabbed america in the back i didn't pay out that geico claims didn't come to help the airline industry when they needed me most so i just was there for the for the free cash that i

max maybe cantillon air might be a nice new nilo jim for describing those closest to the free money is so warm buffet is not multi-billionaire of many people say oh my god i'm going there you must be amazing now he can tell you now he's friends with the fed and that's why he's i can tell you they're right bernie made off wood in warren buffett are 2 sides of the same coin you know except that bernie didn't have the right connections he didn't have the us on the speed dial or of lloyd blankfein or jamie diamond so now he's sitting in jail warren should be also in jail for doing the exact pretty much the exact same thing so you know we started with an exercise in poor taste and that's why we talked about warren buffett and his poor taste of pretending to be an ordinary person who plays the ukulele and that's why we have the pink flamingos up here because pink flamingos is an exercise of one buffet is an exercise. for us i want to say we're going to now and with an exercise in good taste very poor smell you don't know how difficult it's been to sit through this segment as we have this sur

the nazis were what fascism was here the same thing people understand instantly the horror of the cantillon effect the horror of this wealth and income gap the horror that we've endured for the past 1012 years for sure but it started a few years before that as we've covered here in kaiser before and that means. brought it to your mind. we don't need words anymore you don't need to say goodbye. the world is driven by dream. thinks. we dare to ask. welcome back to live a kaiser report imax kaiser time now to turn to raul pal he is the founder and c.e.o. of global macro investor and rail vision group welcome to the show raul great to have you on it's great to be here so everyone is talking about paul tudor jones going along bitcoin he says bitcoin is like gold in the 1907 days do you agree with his assessment what reasons 1st drove you to bet on yeah i mean not i know poll recently well known him over the years and i know how he's thinking about old now just because he says he's long now has many muslims more of the overall structure it was the argument your piece he talks about the global mon

the nazis were what fascism was here the same thing people understand instantly the horror of the cantillon effect the horror of this wealth and income gap the horror that we've endured for the past 1012 years for sure but it started a few years before that as we've covered here in kaiser before and that means you brought it to your mind. you know i want to say we don't need words anymore you don't need to say goodbye. you cannot be both with the yeah you. during the vietnam war u.s. forces also bombs neighboring laos it was a secret war. and for years the american people did not know. until our. mouth had rebound country per capita. human history millions of unexploded bombs still in danger lives in this small agricultural country jordyn wieber went on a can of what's happening. even today kids in laos full victims of bombs dropped decades ago is the us making amends for that tragedy and what help do the people need in that little land of mines. welcome back to kaiser report imax kaiser time now to turn to raul pal he is the founder and c.e.o. of global macro investor and rail vision group

the nazis were what fascism was here the same thing people understand instantly the horror of the cantillon effect the horror of this wealth and income gap the horror that we've endured for the past 1012 years for sure but it started a few years before that as we've covered here and for and that me. brought it to your mind. you know i want to say we don't need words that in war you don't need to say goodbye. you cannot be both with the yeah you like. the bad is the in 18 will you please the side this is. the core of operation in dying one some of the wealthier neighborhoods it's been far more contained in the numbers are much lower than some of the flora neighborhoods and start to see if anything we're working with can source outside of the state because they're just so 'd in their year so like anything out of this. welcome back to kaiser report imax keyser time now to turn to roll pal he is the founder and c.e.o. of global macro investor and rail vision group welcome to the show raul great to have you on great to be here so everyone is talking about paul tudor jones going along bitcoin he

the nazis were what fascism was here the same thing people understand instantly the horror of the cantillon effect the horror of this wealth and income gap the horror that we've endured for the past 10 12 1 years for sure but it started a few years before that as we've covered here for and that means. brought it to your mind. you almost say we don't need words anymore you don't need to say goodbye. i'm wrong to recruit them and you have a lot of people. i'm going to remember i think at least. the problem. in the. earth and i was really pleased. mean you. will ask yourself how are you going to survive how are you going to protect yourself. in the. field or do you want to. save. using technology where they've been able to name x. people's private information on a cell phones and see what you've seen if you have crossed hearts with somebody who is positive want to run a virus and if you are if you had a meeting your message because parts of somebody's positive please you must be in our n.t. . that there was an interesting thing. or are in the same situation. welcome back to kaiser report imax