imax kaiser one more of my guide to financial survival this is fun it's a device used by professional scallywags to earn money. that's right these hedge funds are simply not accountable. to them. totally destabilize the global economy you need to protect yourself and get informed. i don't think the democrats are much closer to negotiate with the republicans or president so i think people are going to have to acknowledge that the united states over the next couple years is going to be consumed even more so by our internal our turtle bickering in affairs and. if you very much think for the author who it was left off what should have. sat there and. given the choice then you could not quit because this was the issue in your glass which are the basics n.b.c. says. but then we're going to ban you just because you're good at the character was a good joke yes probably. anybody can smile just smiling. using bites you can do you. think just because you can she made for that meeting place. the spam bomb. my school ceased to be sick to see the tweets. which people could. hear. from people in. th

imax kaiser one more of my guide to financial survival this is a hedge fund is a device used by professional scallywags to earn money. that's right these has flaws are simply not accountable and we're just adding more and more to them. totally destabilize the. global economy you need to protect yourself and get informed because we're. so what we've got to do is identify the threats that we have it's crazy. let it be an arms race. theory dramatic development only really exists i don't see how that strategy will be successful very critical. to sit down and talk. subscribe to roughly. twelve euros fifty plus.

imax kaiser this is the kaiser report the show that keeps it real. yes there's well we're looking at tapering a ponzi because apparently you can't taper a ponzi you are seeing that as we enter the volatile times in markets and our last guest tyler janks looks like he could be right it looks like big could be heading down to a thousand like he says because markets have been in chaos and. right now as we speak two thousand eight hundred stock market gains are officially dead all those gains earlier and they are gone gone gone here's some headlines here i had just quite good at covering these sort of headlines because they're good at doing gloom headlines i'm going to read two of them nothing is working shellshocked investors observe the market carnage in dismay and the next one stock slammed into red for twenty eighteen amid carnage in crude crypto and credit you know it's a simple us work of us cash two point four seven percent on an eighteen month bank seating you know that's not bad that's what most people are pouring into cash and hedge funds have

imax kaiser this is the kaiser a for the show that takes you into a house of mirrors or is it. cissie we look like each other but this is actually kind of a mirror reflection of the last episode because we were in the last episode we talked about general electric g.e. and all the share buybacks which did not save that company from well right now it looks like bankruptcy but of course the democrats in the house could rescue it but here is a tweet that shows big u.s. companies spent more money on buying back shares than they did on capital expenditures in the first half of twenty eighteen the last time that happened for two straight quarters was just before the crisis according to this chart from deutsche bank's thorsten stock there you go these are the share buybacks and that's the stock price and we look like we could be in for another crash crash exactly well. a few points there number one share buybacks used to be illegal why for this very reason just hollows the company out it's like debt monetization by government was the u.s. is also engaged but is kind of like that mt is

imax kaiser one for my guide to financial survival this is as fun as a device used by professional scallywags to earn money. that's right these has flaws are simply not accountable and we're just getting more and more to them. totally destabilize the global economy you need to protect yourself and get in for a while because they're. cranking gave americans a lot of job opportunities i needed to come up here to make some money like me twenty five thousand dollars as a teacher or i could make fifty thousand dollars a year truck so i chose to drive truck people who rushed to a small town in north dakota was an unemployment rate of zero percent like gold rush is very very similar to the gold rush but this beautiful story ended with pollution and of a station a lot of people have left here i don't know too many people here anymore just slow down so much they lost their jobs that laid off the american dream is changing it's not what it used to be. it's a tough reality to deal with. i think that i would want to. but inside i i'm dockside. i think. only your next side you can improve yourself. but it

welcome back to the kaiser report imax kaiser time to return to our conversation with tyler janks of hyper away of time the welcome back thank you very much max. let us continue our conversation about markets macroeconomics gold that going so as we noted in the previous discussion this ten year bond seems to be rolling over which implies rising interest rate for an extended period of time a secular move where rates go up year after year something we haven't seen in thirty seven years i think you could say two generations of money managers of come and gone they've never experienced this and there are people born in america who have no idea what this means is going to be quite a shock to them but a corollary to this as i understand it curious what your thoughts are is that pretty much everything is hammered stocks oil gold bitcoin it seems like everything except the dollar of the u.s. dollar for the first seeable future is going to get demolished. i think i think that's correct but it will be a rolling correction the way almost all of them are we started with mortgages in zero six zero

welcome back to the kaiser report imax kaiser yeah we're in a hotel room in new orleans still on the road with guns so you may see some lighting changes etc but that's just the way it is later on the road time now for a super special guest been waiting a while for this one please welcome the vortex vortex welcome to the kaiser report they do so much for having me max and of course thank you so much for the kind words i'm really glad to be here great now it is the ten year anniversary of the publishing of the big coin white paper by so toshi not. and during the time a lot of ups and downs a lot of drama let's talk just briefly about the drama from the recent past the user activated soft fork which you championed there on the world trip to network along with some other big cleena luminaries for a moment there it was an existential crisis for text walked us through it as it was a little bit scary there are no will be touching go essentially there was some large companies out there some miners and some exchanges the kind of got together and wanted to change the protocol sort of make it i

welcome back to the kaiser report imax guys are time now to go to london and speak with ross ashcroft renegade inc ross welcome to the kaiser report. well thank you guys are all right ross we've been talking about stuff for a long time and comparing notes on a lot of different ashes and it's time now to talk about brags it and looks like what many folks have predicted there would be kind of a mess. give us a bit of an update but it is it's a total mess and what we're seeing is it's a bit. of any kind of leadership the political leadership whether it be to be able to negotiate probably a little bit worrisome siri an hour early. rich reports that silly and now thinking well actually it was the right choice insofar as if i don't know the negotiations have been this badly there's no way other plump for it so we have here or not it is a total impasse total mess and we also have of course it is a prime minister who doesn't listens ironically home yes or music without an undertone to a script that is determined to do things on her own terms so she's covering your. example not anybody of cour

welcome back to the kaiser report imax keyser time i got to chicago to talk with mr shed lock of miss talk dot com mish old buddy welcome back to his of pleasure max i'm government do here now let's talk about a bloomberg case recently published an opinion piece entitled capitalism is not working noting that most wiles of the past decade has gone to the top one percent while the wages for the bottom ninety nine percent are either flat or falling ok this is a big piece of mesh if big thoughts on capitalism what do you think you know the answer is well as i do there's one max known whom eight years right about this is i am. they're not they're blaming a symptom here the symptom here is wage inequality the that's just the symptom that's not the problem unless not cap it's not a failure of capitalism if you want to look at the problem here why we have this symptom it's the central bank bailouts of banks it's all the free money to banks it's the bed keeping interest rates too low too long fueling asset bubbles they did in two thousand then it again in two thousand and seven without using b

welcome back to the kaiser report imax keyser time eh to go to chicago and talk to mr shed lock of mis talk dot com miss welcome back they always a pleasure to. get into it stock markets have been plunging perhaps not yet on the two thousand and eight scale but we've seen a huge losses in the fact stocks in particular that would be facebook apple amazon netflix and google is this a normal correction or recession on the horizon what it what do you think right now it's it's an earnings scare of course i do think recessions are coming up but i don't think those fears have been built in yet ok i just did a poster chart apple's down about sixteen percent or something so you know we're nearing what they call bear market territory here at. down twenty percent but. if you look at a monthly char these declines of just barely started on a cyclical e. adjusted b. basis cape here. and bit by by show or stocks are more overpriced now than they were nineteen twenty nine the only period beats where we are now right now is pretty much the tech bubble so we're ahead of the housing bubble right here i d

welcome back to the kaiser report imax keyser time now to go to switzerland that's right time to go to switzerland and speak with ugandan grier's of gold switzerland dot com egon welcome back thank you max good to talk to you again it's been a while and things are happening in between so always exciting to have a very nice i say have got a picture of the matter aren't behind you looks like it's made out of solid twenty four karat gold what's funny it's what's real and where we're hiding our gold as you can see and you know nobody can understand that it is real gold what it is so yes it is a go go the bathroom all right so if you go on switzerland it's actually one it's a very interesting situation people don't talk about it much because their central bank is doing things that normally would not associate with the central bank you know they were big buyers of apple computer and they were one of the biggest owners of apple computer and they sold apple computer now they're printing money to buy income producing assets and so what's happening at the swiss national bank well it's this saga

welcome back to the kaiser report imax keyser time now to turn to dan collins of heisenberg capital and the china money report dan welcome back thanks max i should note that we're in our special backwoods undisclosed location you may or some cars are fountains or birds are actually not a green screen that's real life dan let's get into it you have been back in the u.s. now for a few months after twenty years in china what difference does stand out for better and worse when the u.s. is kind of called the new the new developing economy we have growth rates which we haven't seen here probably in twenty some years close to four percent the first time where if someone wants a job in united states they can get a job we haven't seen that in decades now are the jobs of high quality probably not we have a lot of repair to do in this economy to get the high kind of high paying jobs back but the good news is the economy is growing i think it's going in the right direction and there's a lot of companies not only american companies but companies all across the world that are now coming back to look

welcome back to the kaiser report imax keyser time now to turn to long time guest super author of plan of ponzi mitch fire steinmetz welcome back how are you max great to be here oh awesome so we're on our gonzo trip so taken some time out to do a kaiser interview with you here in texas you know we're in texas home of the energy industry in america home of the fracking industry but before we get into that i want to talk to you about the credit cycle it seems as though this thirty seven year bull market in bonds is coming to a close eye united been affiliated with wall street for about that length of time this would be the first time in our careers that you've got maybe a cyclical change in interest rates and a move up and bonds of course then moving down tell us what this means and that's firesign well i think what you have you've got the federal reserve saying that they're going to taper a ponzi scheme and raise interest rates but we know that that's impossible so i think what will happen is you're going to see and what we're seeing now around the world we're seeing a recession in eur