imax kaiser one for my guide to financial survival this is fun and 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 informed watch kaiser. a dark industry comes to life in los angeles every night. dozens of women sells abilities on the streets many of them under-age . los angeles police reveal a taste of their daily challenge if you're going to exploit for a child here in los angeles they were going to come out to see officers going undercover as 6 workers and customers to fight the 6 trade. american know i was really like to be in jail. because he would never believe it wasn't a human can do to as. one day that i was working in to feel one date and can't come said with. the ashes we're spreading this as a fairy tale eyes are and i can tell you based spreading those you know with their so i could see the little pieces of bones which even in the could of my tortilla it couldn't bore completely and this was ver

imax kaiser with more of my guide to financial survival this is a hedge fund and a device used by professional scallywags to earn money. that's right these hedge funds 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 in for a while because we've put. the world is driven by shaped by. the day there's thinks. we dare to ask. welcome back rush hour is currently celebrating the end of the winter the so-called muslim it's a holiday which marks the start of spring often includes the burning of a straw effigy and this year one festival in a town a few hours from moscow has taken things even further this bridge made of wood and straw was the winning creation from an international competition and after months of preparation it was consumed by flames interest in matter of hours russia's muslim is 1st of all the very last so we can see as people across the country are enjoying a range of those differences while eating lots of traditional pancakes the orthodox the liberation of lent follows after. 9 what's b

welcome back to the kaiser report imax kaiser you know the great thing about twitter is you find people they start following and you find a wealth of knowledge and information i mean or to stand tapir ow follow me on twitter he is a macro investor for 25 years he's got lots of it think stuff to say about the u.s. dollar of gold and bitcoin welcome dan hi thank you for having me all right my pleasure now in my 1st question here is the fed began the week with announcing it more new programs to help markets including open ended asset purchases dan can the fed fight kovac 19 with an exponential growth and its balance sheet damn yeah i mean i think they need to there need to be offsets the policy of shutting everyone in as you know is going to lead to some dramatic unemployment and contraction in g.d.p. in q 2 that's probably greater than we've ever seen i mean it will be greater bullard last night the sense st louis fed governor said he thinks it's 30 percent unemployment and 50 percent drop in g.d.p. i think that's a bit extreme and goldman morgan stanley have come out. recently was sort o

welcome back to the kaiser report imax kaiser time at a cherokee bruce fan he's an early bird coin adopter very well known on the back like a very brisk walk on to the kaiser report thanks max all right i wanted to ask you about a tweet that you made just a few hours ago i think it's quite interesting you say quote in all this economic crisis and i don't think i've. seen a single person scream at bitcoin developers users or miners to quote do something . that's because strong money focuses on being good money money that bends in the wind the 2 a crisis is a week money can you expand on that plays yes salute the unfortunately and we could've predicted this governments tend to overreact. to crisis this and they're doing that in the way that they know best which is to print a bunch of money and that's a real mistake because it weakens the money and it's never a good time for bad economics better ideas or even worse ideas in a crisis a crisis doesn't suddenly make economic swer makes it worse all right now bruce let's change gears a little bit so i'm going back several weeks if not a month or

welcome back to the kaiser report imax kaiser time now to turn to an old friend of mine chris fenton and los angeles california he's got a book out right now it's very timely it's called feeding the dragon and sod the trillion dollar dilemma facing hollywood the n.b.a. and american business chris welcome to the kaiser report thanks for having me back i'm a big fan and it's nice to reconnect with you after all these years yeah it's awesome man this pandemic is the best thing ever anyway chris fenton on october 4th 2019 they general manager of the houston rockets tweeted support for protesters and hong kong this resulted in billions of dollars of losses for the n.b.a. which has 500000000 fans and china so tell us about what the n.b.a. story tells us chris yeah well that was actually a very relevant day for me. i actually was at my kid's soccer game when i when i saw the tweet come up on my phone i didn't even know who daryl morey was but i obviously know who the houston rockets are and knew their importance in the u.s. china cultural and commercial exchange and in particular to the spo

imax kaiser one more of my guide to financial survival this is the hedge fund it's a device used by professional scallywags to earn money. that's right these hedge funds 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 in for a while because with. the atlantic alliance the bedrock of the post world war 2 global security order is slowly but surely unraveling more and more often in washington in brussels by berge on important foreign policy issues today europe has a choice to defend its interests or fade into oblivion. your government and our government and all the other major governments of the world know what's going to them when it's going to. but they haven't told you and they haven't told me they haven't announced. imagine something as big as the earth is going to cause tidal waves earthquakes volcanoes erupt and it's going to chill. so very for a while right. my great grandfather's. nobody would care about the law or prison so you'd have wallace the shoot of. a turtle between the and the. micro

welcome back to the kaiser report imax guys are time now to go to bed fire stein author of plan a poncy welcome back mitch great to be here matt thanks for having already i've got an interesting introduction for you here today the whole idea of plan a ponzi of course goes back to 1987 crash and the beginning of the federal reserve put under alan greenspan the idea that the central bank as an act of a central bank was always going to come to the rescue because ultimately this was one big enormous ponzi scheme now this past week or so we've had the death of mach's on the sea though a famous actor and his famous scene was playing chess with death in the movie the 7th seal i would like to possibly suggest that right now the policy of bailing everybody out from the central bank is similar it's like playing. chess from the movie the deer hunter where it's russian roulette essentially and eventually of course the end is the same complete obliteration mitch is this russian roulette basically gone wrong with the constant bailing out of central banks around the world as part of this planet ponzi

welcome back to the kaiser report imax keyser let's now turn to alex legal of layer one this is are going to be about mining mining as a huge part of the bitcoin ecosystem welcome to the show alex thank you very much for having me all right and so you have just raised your company have just raised $50000000.00 from billionaire investor peter teal for a layer one what is it you're dealing in taxes alex bunch of different things but effectively the approach to layer one to excess is that of vertical integration . which means that we have full control over every cost and profit lever in the because of my mix stack so that covers everything from. factoring our own custom chips we build our own cooling and mining infrastructure that is very scalable 'd and modular and plug and play and we have our own our procurement and development which means that we basically get the cheapest possible electricity at scale in the world and vertically integrating all of the different aspects of the big point by mixed allow us to become the most efficient equipment company in the world so i read somewhere that

welcome back to the kaiser report imax keyser time now to turn to journalist author podcast or matt taibbi his podcast is called useful idiots not to be confused of course with the useless that is once again destroyed our economy and financial system matt welcome back as a go max a fabulous. yes that davies now nobody captured the 2008 financial crash site guys better than you with their talk about goldman sachs is a vampire squid have you come up with a similar metaphor for the 2020 pandemic collapse yet i have not i have to go into the metaphor factory for this one i'll just leave this this whole thing it is this size of it is so hard to get your head wrapped around that just conceptually i just don't really have a firm grasp on what's happening here i mean clearly this is going to dwarf and up the works in 2008 in so many different directions in including with the bill a package so it's really hard to really hard to have a a line on it well a lot of ways it's a continuation of 2008 it's part 2 of 2008 because as you documented in your work at that time the solution at that time was to s

welcome back to the kaiser report imax hisor time now to turn to willie wu he is a partner at the adaptive fun crafting hyper sheet and a specialist on chain analysis of bitcoin willie welcome thank you makes great to see you were here in vegas on confiscate a bill conference lot of great people like yourself and others are here and a good time now on trade analysis what is that why do you do it what sort of analysis can be derived from looking at the change. like new stuff. being a financial instrument is there unique we don't see this in wall street it has a legion we can look on to that lead you see capital flows if you can divine the date or you can get a read into with the market's going and you are also well known on twitter and elsewhere for making some good pressure and calls about the direction of break we'll get into that a 2nd but let's talk about this on chain analysis now there was a recent brouhaha over a company that's been paid $50000000.00 per year by the u.s. government to trace coins on the block is that separate to what you do. says like who are these people with the fu

welcome back to the kaiser report imax keyser time now to turn to steve keen he's the author of the bunking economics he's got an amazing patriotic page at profess or profit steve kean where you can basically become a student for much cheaper than going to any university away on the universities are no good steve welcome back good to him actually i like the resume that i do like to share now let's talk coronavirus you recently wrote that we need to start thinking exponentially in order to can tame the coronavirus elaborate on this what does thinking exponentially look like steve well it's it's actually a great old analogy max that there's 2 of them want to do is imagine you go. willy growing on a pond and it dials and saws every day and it gets to be coming out are sent on it will kill off off if you get to the stage that it's 50 percent of the on how much longer if you've got one mode so if you do a lie it you know it's not big enough to get within with it without a loss for that is it will increase by the factor of 6 am and you know the other well and i want to bring on now is that the ki