summer solutions series imax kaiser stacy herbert you know in a month in which we were meant to have the 2 party conventions officially nominated dollar trump for the republican and joe biden for the democrats the pen demick has thrown the election into even more chaos than usual so joining us is great palast journalist author of many books including his latest out now skyrocketing up all the bestseller lists it's called outro stole 2020. welcome back this is our t. international now the e.u. has written to the u.s. is saying it is highly concerned about washington sanctioning companies working on the nordstrom to pipeline project with russia. the european union considers that the ex is who eternal application of sanctions is illegal under international law at the same time european union continues to hire the valid just in time to unity the common foreign and security goals shed which increases the impact of sanctions we welcome the concern and look on this issues department of state is updating the public guidance for katz authorities to include north stream to the 2nd line of turk

summer series imax kaiser stacy herbert you know in a month in which we were meant to have the 2 party conventions officially nominated doll child for the republican and joe biden for the democrats the pen demick has thrown the election into even more chaos than usual so joining us is greg palast journalist author of many books including his latest out now skyrocketing up all the bestseller lists it's called how true stole 2020. times the u.s. economy was booming growing numbers of people were made homeless. you can work 40 hours in a week and still not have enough to get housing everybody believes america still has the lead up to the reality of we're not financially equality and the lack of affordable housing living minimum wage give many people no choice. that's been a problem with the city knows time limits on. the food if there is no answer because yes. for. the most vulnerable and abandoned on the streets to become invisible cops. starts releasing people who took to the streets after sunday's disputed presidential election amid claims of widespread police brutality boards detainee

welcome back to the kaiser report imax kaiser time now to go to craig happy over there t.f. our report dot com welcome back krag imax you know this episode airs of kaiser report virtual jackson hole has just ended now we're going to talk about your own pow do you expect he'll have actually said anything consequential in any way or it ultimately just be about the idea of central bankers have again and again money printer go berzerk and what do you think about these guys over there jackson hole and virtual jackson hole starting up a new punk band called virtual jackson hole in the wannabes. as pretty i mean they've missed out of their big trip this year they go out there every year you know nay have a little hoedown have their fun it can't do that this year and will it be consequential i guess it depends on how we define consequential but i i think the tea leaves have been out there to be read trial balloons have been floated least for the last month gold and silver really took off on july 17th if they want to open chart look at that and also on july 17th in the wee hours the

welcome back to the kaiser report imax kaiser summer solution sees a premier summer of 20200 this is so exciting you know when you talk about deep thinking in the 20th century got to talk about. guys like. welcome to collaring. punk rock punk rock. got to think about punk rock i think it's what i think about but i think also the medium is the message is a thought how come there was never a punk rock song about that stacy marshall mcluhan he was the comedian philosopher and basically the guy who discovered or invented media studies and this follows on what we were talking about in the 1st half of the age of discovery that we're entering upon not only are we heading to mars and outer space but we're heading to inner space in our mind. combined with cyber space so we're going to get into that we're going to cover that over these upcoming episodes about warfare are artificial intelligence how this relates to what's going on with the d. trying to fit cation but marshall mcluhan you know he famously gave timothy leary his phrase of 1967 which you may remember max turn on tune in drop out a

but i'm dead the kaiser report summer solution series imax kaiser here stacey herbert you know in a monthin which we were meant to have the 2 party conventions officially nominated donald trump for the republican and joe biden for the democrats the pen demick has thrown the election into even more chaos than usual so joining us is greg palast journalist author of many books including as the latest out now skyrocketing up all the bestseller lists it's called how trope stole 2020 stacie the title itself greg palast how trump stole 2020 not sound too good for anybody who is hoping that biden when all the polls at the moment anyway suggest that biden is indeed going to win so how are you saying that my still holds moles ok yes well of course hillary clinton was wiping the floor with donald trump in the polls in july of 2016 in fact i remember the day before the election the morning of the election in this n.b.c. saying no way no path to 270 for donald trump who's in the white house president clinton. oh not president cliff ok. forget the polls stole the election now my book is not a predictio

welcome back to the kaiser report imax kaiser timed to go to daniela cambone and she's a journalist focused on markets and gold long time friend daniela finally on the kaiser report i know it's so nice to be on the flipside so be nice oh absolutely but you know week oh is that rely on you on your for your insights in particular and to these gold markets and markets in general now your twitter bio says you are fluent in italian and french and goal you speak those 3 languages those 3 languages yet we all fall for all same about now yes you know if. so do you make of the recent action in gold is this the beginning of the 3rd leg of this big bull market that's gone back to the year 2000 or is it a flash in the pan when you think you know i've been covering this market for over 12 years now after covering it with no excitement. you know it's just it's been a long time. and. you know i feel different if eells different to me at this time than 2011 i think not aladdin's cave it is different we're seeing a wider fan base for gold as you know gold has a cult following and people love it no matter wh

welcome back to the kaiser report imax kaiser timed to go to daniela cambone it she's a journalist focused on markets and gold long time friend daniela finally on the kaiser report i know it's so nice to be on the flipside so be nice oh absolutely but you know week oh it's that rely on you on your for your insights in particular into these gold markets and markets in general now your twitter bio says you are fluent in italian and french and goal you speak those 3 languages those 3 languages yet we all fall for all same bad now yes you know if. so do you make of the recent action in gold is this the beginning of the 3rd leg of this big bull market that's gone back to the year 2000 or is it a flash in the pan when you think you know i've been covering this market for over 12 years now and they're covering it with no excitement. you know it's just it's been a long time. and. you know i feel different if eells different to me at this time than 2011 i think the lack of scape it is different we're seeing a wider fan base for gold as you know gold has a cult following and people love it no matter

but i'm dead the kaiser report summer solution series imax kaiser here stacy herbert you know in a moment in which we were meant to have the 2 party conventions officially nominated donald trump for the republican and joe biden for the democrats the pen demick has thrown the election into even more chaos than usual so joining us is greg palast journalist author of many books including his latest out now skyrocketing up all the bestseller lists it's called how trope stole 2020 stacy the title itself greg palast how trunk stole 2020 not sound too good for anybody who is hoping that biden when all the polls at the moment anyway suggest that biden is indeed going to win so how are you saying that trump might still holds moles ok yes well of course hillary clinton was wiping the floor with donald trump in the polls in july of 2016 in fact i remember the day before the election the morning of the election in this n.b.c. saying no way no pass to 270 for donald trump who's in the white house president clinton. oh not president cliff ok.

hi imax to answer this is the kaiser report we're back from summer solutions no more solutions not only problems now for the next 10 months. states well let's talk about the biggest thing that happened while we were away on vacation and that is warren buffet has obviously used that opportunity while we were away to make a major major major change and his portfolio and which indicates that kaiser report has been right for the past 10 years he dumped many of his banking shares and went long gold miner derek the biggest gold miner in the world so max what do you think about this sea change in his portfolio right well it was obvious that he would have to get into gold gold mining gold bullion at some point he had too much cash he was underperforming the stock market for 15 years he had made an enormous mistake at airlines again for the 2nd time in his career took a huge loss. and you never understood technology got in very late and he's got a problem now with all the money that he helped bring into existence by having the government bail him out perpetually not not not not in 2008 was a hug

welcome back to the kaiser report summer solutions imax guys will stay there but we're talking with jeff booth is the author of the price of tomorrow why deflation is the key to an abundant future sounds good we'll get to that in a minute but i kind of want to pick up on we're been talking about just you know the industrial revolution and even the 1st part of the information revolution capitalism 'd kind of has 2 main koester imports now the labor and material but we're in the 2nd half of the information revolution now the network information revolution and the cost of material is going down to 0 and that's when you see what you're talking about here deflation is that the basic components of the information economy whether it's band with processing power or digital storage the costs are all going down to 0 so that puts everything upside down and flips it on its head and then you have this idea what happens to labor then how do you compensate labor if you're mitt basic materials free electrons or free and so then it becomes a tech not for see you have people that can manipulate those free