a suicide banker and people say why do you call jamie diamond you know a terrorist a suicide banker when you think about it the banks and wall street they are cut from the same cloth as the hotties. they misinterpret their basic text right so in the case of analysis fanatical was the hottest seok theocratic li driven psychopaths a kind of misinterpret the qur'an here jamie dime until they misinterpret saddam's red i mean he selectively reads books on economics to support his maniacal psychosis they go to. terrorists i go to my dresses. jamie diamond and his crew who go to the ivy league schools which of them addresses of our hero who teach them economic models that are dangerous and fanatical he's going to kill himself and others for is beliefs. he has no compunction about putting isn't our society or from self at risk by pushing weapons of mass financial destruction as warren buffett calls them derivatives so in a blow himself up killing something anyone around him so he says a terrorist with my suit. initially was very anti big going. then he came around a little bit and now is st

>> well, i mean, any time that jamie diamond talks here, you're smart to listen. and in hearing that interview, it didn't really -- at least to me it didn't seem like he was predicting 4%. >> good point. >> what he was saying we need to get prepared for the possibility of 4%. we don't see 4% happening. we don't think growth and inflation is consistent with that. but we do have to make sure our clients' portfolio can with stand that type of shock. >> the fed has to go quicker. why do we forecast this parallel shift in rate as if the whole curve will shift. that's not how this works? >> rates have gone up 60 basis points. you'd see a flattening in the yolker. we do think that rates are going to be going up from here but not significantly so. we think that real interest rate difference from overseas is going to hold that down. >> did the federal reserve have to go quicker? does that just lead to an inversion? >> that's why we're only calling for two more rises this year. we do think obviously you've crossed through 40. so you've got a flat yield curve. we do think if

>> well, i mean, any time that jamie diamond talks here, you're best jamie dimon talks, you are smarto listen. and hearing that interview, it did not really -- at least to me, it did not seem that he was predicting 4%. what he was saying was that we need to get prepared for the possibility of 4%. we don't see 4% happening. we don't think growth and inflation are consistent with that. but we do have to make sure our client for folios can withstand that type of shock. jonathan: i think what i struggle with and others as well, is that if the fed has to go quicker, why do we forecast this parallel shift in rate as if the whole curve will shift. the federal reserve? that is not really how bond markets work. not how bondat is markets have worked so far. we have seen rates go up 60 basis points. you'd see a flattening in the yield curve. as far as 4% tenure, we don't see that anytime in the near term. we do think that rates are going to be going up from here, but not significantly so. we think obviously that real interest rate difference from overseas is going to hold it down. mind, if theyo

well free market system is not a financial suicide bomber like jamie diamond he's more of a global trade guy i think i've got a what he. got a woody i mean i've got wood i mean i've got what. they call that stuff after that you can throw it away because i love causing any trouble right now to think people are tired of that right now i don't see why they want to move on they want to live no tone for mother nature. so i'm going to move on to you know we were talking at the dollar and a lot of the dollar has facilitated enormous debts you know the u.s. is going to have a trillion dollar tree deficit you know fiscal deficits for the next looking out onto the horizon is going to be a trillion two chilian soon but you know right now while the going is good what is loading up on junk debt and junk that is still we still had an easy time last week a member last week what we saw was a ten year treasury yield soared to overthe to three percent were for the first time in a few years and yet jumbo market had an easy time netflix raise billions more than they expected and there was a have. put it on

michael: well, i mean, any time that jamie diamond talks here, you're smart to listen.nd in hearing that interview, it didn't really -- at least to me it didn't seem like he was predicting 4%. jonathan: good point. michael: what he was saying we need to get prepared for the possibility of 4%. we don't see 4% happening. we don't think growth and inflation are consistent with that. but we do have to make sure our clients' portfolio can with stand that type of shock. jonathan: george, what i struggle with and others as well, if the fed has to go quicker, why do we forecast this parallel shift in rate as if the whole curve will lift with this federal reserve. that's not how this works? george: it is not how it has worked so far. rates have gone up 60 basis points. you'd see a flattening in the yield curve. as far as 4% tenure, we don't -- 4% 10 year, we don't see that anytime in the near term. we do think that rates are going will to be going up from here, but not significantly so. we think that real interest rate difference from overseas is going to hold that down. jonatha

jamie diamond said 4%. can tell you acting as though interest rates when they move, seem to want to move higher. if you open a chart up to the 25th, so that's from the 303 you can see how you flat line at a lofty level. dollar index continues to be a stellar performer. 24 hour you see we're trading 93.25. this hasn't been a fast march, but it's marching, nonetheless you see it on the one week chart. the model of higher highs is something you can lock into and finally the 26, the day after christmas, the last time the dollar index was at these levels on the closing basis we'll continue to monitor that and all the collateral issues associated with it think emergingmarkets, think about dollar positions, how they're more expensive and it goes hand and hand. and maybe some of that capital that is leaving some of those other sectors affected by the strong dollar might be making their way toward american markets. carl, jim, david, back to you. >> all right, rick we'll talk to you in a bit hey, bob >> reporter: goo

level people living in their basement it's very not i've got billionaires coming out after us jamie diamond i think that's got to be a good sign i think that's the only sound we're looking for at this point when that when the old grey haired dude start trying to come for your money that's why you know you're doing some right here in mining and you're still mining of course ok and morgan stanley recently claimed that big coin miners lose money on bitcoin under eight thousand dollars per coin now we talked about this and can't couldn't at this toshi round table and of course you're one of the established miners out there and we said let's pick your brain a little bit here what do you say to that statement i feel like those people are incredibly undereducated and use a very western sense of what costs are in general we don't find any play. that has under over four cents per kilowatt hour for power cost or cost is a big driving factor in what they would call the price of production and their projections are very over exaggerated however that's just because they don't know what you can get power

well free market system is not a financial suicide bomber like jamie diamond he's more of a global trade guy i think i've got a what he. got a woody i mean i've got wood i mean i've got what. they call that stuff on for that if you can throw it away because i love is causing me trouble remember think people are tired of that right now don't see why they want to move on they want to live no tone for mother nature. so i'm going to move on to you know we were talking at the dollar and a lot of the dollar has facilitated enormous debts you know the u.s. is going to have a trillion dollar tree deficit you know fiscal deficits for the next looking out onto the horizon is going to be a trillion two trillion soon but you know right now while the going is good everybody is loading up on junk debt and junk that is still we still had an easy time last week a member last week what we saw was a ten year treasury yield soared to overthe to three percent were for the first time in a few years and yet jumbo market had an easy time netflix raise billions more than they expected and they were as they have

well free market system is not a financial suicide bomber like jamie diamond he's more of a global trade guy i think i've got a what he. got a woody i mean i've got wood i mean i've got what. they call that stuff after that you can throw it away because i love causing any trouble right now to think people are tired of that right now i don't see why they want to move on. no tone for mother nature. so i'm going to move on to you know we were talking at the dollar and a lot of the dollar has facilitated enormous debts you know the u.s. is going to have a trillion dollar tree deficit you know the fiscal deficit for the next looking out onto the horizon is going to be a trillion two trillion soon but you know right now while the going is good everybody is loading up on junk debt and junk that is still we still had an easy time last week a member last week what we saw was a ten year treasury yield soared to overthe to three percent were for the first time in a few years and yet jumbo market had an easy time netflix raise billions more than they expected and that was it and they have. put it on

change at this intermediating him but having the things that they say and most recent photo of jamie diamond at the airport if you see this man call the police immediately they should been warned by him stop or instruct crimestoppers a lot of moms and their little you know they're the most dangerous people you can lead a little in every way i think mulder buffet financial jihad truth but then what is your body that's what they are so they watch your show down there are lots. of other great a speedo by the way well i hear looking for you and beauty with the speedo on i'll be there to see the bermuda shorts were written underneath the shorts we had to take the shorts and a string bikini we got to go it's already so it's already time it would be good peter george thanks for being on the kaiser source of pleasure and that's going to do it for this edition of the kaiser report with me max kaiser and stacy everett want to thank our guest peter george he's the chairman of the bit down there in the caribbean if you want to catch us on twitter it's kaiser report it's all next time yeah and me and my

low level people living in their basement it's very not that billionaires coming out after us jamie diamond i think that's got to be a good sign i think that's the only sound we're looking for at this point when that when the old grey haired dude started trying to come for your money that's why you know you're doing some right you're in mining and you're still mining of course ok and morgan stanley recently claimed that big coin miners lose money on bitcoin under eight thousand dollars per coin now we talked about this in cancun at this the toshi round table and of course you're one of the established miners out there and we saw this pick your brain a little bit here what do you say to that statement i feel like those people are incredibly undereducated and use a very western sense of what costs are in general we don't find any. under over four cents per kilowatt hour for power cost or cost is a big driving factor in what they would call the price of production and their projections are very over exaggerated however that's just because they don't know what you can get power for when you sig

financialization and debt driven corporate rating which has resulted in the rise of extremely bad actors like jamie diamond for example who is running really a herd of carnivorous vultures who are undermining america as we know it and as a result you know you can see it in some of the data. that isn't rough you know people's health people's people you know you've got another chart there i know i can feel it but i'm going to get to that chart because i'm going to stay with jamie dimon j.p. morgan because this data on leveraged buyouts is about them so if we can get to that other chart i'll get to that i know you know and set up a chart that's coming there's a dark coming that's going to blow your mind but when you first said when he said that finance you blamed bad actors on financialization i was thinking you were going to start talking about like sylvester stallone people like that is that's where i thought you were going with that but i was a bit confused so here's j.p. morgan study that actual they put a time frame on when american stock market will be totally private there will be no public stock excha

change that this intermediating him but hearing the things that they say and most recent photo of jamie diamond at the airport if you see this man call the police immediately they should be warm but i'm stopper and crimestoppers a lot of moms and their ability to know they're the most dangerous people they can never let on an airplane i think monger buffet financial jihad the truth but then what is your audience that's what they do so they watch your show down there and it's oh yeah oh yeah other great a speedo by the way well i here looking for you and in bermuda with the speedo on i'll be there to see the bermuda shorts were written underneath the shorts this be a take the shorts and a string bikini we got to go it's already it's already time it will be good peter george thanks for being on the kaiser source of pleasure and that's going to do it for this edition of the kaiser report with me max kaiser and stacy herbert want to thank our guests peter george he's the chairman of the bit down there in the caribbean if you want to catch us on twitter it's kaiser report until next time yeah and me

financialization and debt driven corporate rating which has resulted in the rise of extremely bad actors like jamie diamond for example who is running really a herd of carnivorous vultures who are undermining america as we know it and as a result you know you can see it in some of the data. that isn't rough you know people's health people as people you know you've got another chart there i know i can feel it but i'm going to get to that chart because i'm going to stay with jamie dimon j.p. morgan because this date on leveraged buyouts is about them so if we can get to that other chart i'll get to that i about up you know on set up the chart that's coming there's a dark coming that's going to blow your mind but when you first said when he said that fine and you blamed a bad actors on financialization i was thinking you were going to start talking about like sylvester stallone or people like that is that's where i thought you were going with that but i was a bit confused so here's j.p. morgan study that actual they put a time frame on when american stock market will be totally private there will be no public

financialization and debt driven corporate rating which has resulted in the rise of extremely bad actors like jamie diamond for example who is running really a herd of carnivorous vultures who are undermining america as we know it and as a result you know you can see it in some of the data. that isn't rough you know people's health people's people you know you've got another chart there i know i can feel it but i'm going to get to that chart because i'm going to stay with jamie dimon j.p. morgan because this data on leveraged buyouts is about them so if we can get to that other chart i'll get to that i found out you know and set up a chart that's coming there's a dark coming that's going to blow your mind but when you first said when he said that finance you blamed bad actors on financialization i was thinking you were going to start talking about like sylvester stallone or people like that is that's where i thought you were going with that but i was a bit confused so here's j.p. morgan study that actual they put a time frame on when american stock market will be totally private there will be no public sto

the hottest theocracy a chronically driven psychopaths a kind of misinterpret the qur'an here jamie diamondtotally misinterpreted out of breath i mean he selectively reads books on economics to support his maniacal psychosis they go to. terrorists i go to my dresses. jamie dimon and his crew who go to the ivy league schools which of them addresses of our hero who teach them economic models that are dangerous and fanatical he's going to kill himself and others for is beliefs. he has no compunction about putting isn't our society or from self at risk by pushing weapons of mass financial destruction as warren buffett calls them derivatives so to blow himself up kill him soften anyone around him so he says they're a terrorist with my suit. initially he was very anti bitcoin. then he came around a little bit and now is still a bit more probate going as the markets are moving against him and he says he has no morals or ethics or any kind of soul he's just going to go with the market he's just like a dead fish will go with the current right he's not going to swim against the current because he's i

and of course yesterday in the "wall street journal," jamie diamond, one of the architecteds of the financial crisis, had an op-ed in he said we should raise the earned income tax credit and need more job training. we need more job training. who knew. so government, the academy, media and business, are all lacking, serious intellectual inquiry, and are lacking serious intellectual ideas for our future. that simply put is our problem. now, imagine a world where every year, bright, intellectually questioning, active young people, entered into a society looking to keep what is worth keeping and degree what is worth growing. using their deep knowledge of economics, politics and philosophy as their guide and that as these young people graduated the entered into a community of like-minded, strongly capable people. if you imagine that, then you have imagined what the intercollegiate studies institute is all about. at isi we five student leaders on college university campuses crease the country. we educated them enemy foundational principle offered what makes a society free and pros pressure, limited

our guest this morning ahead of -- we are going to be speaking to jamie diamond. general raymond. the senior adviser to jpmorgan, retired four-star general. the 38th army chief of staff. last year at that time, you said it was probably one of the most sensitive geopolitical environment the had ever seen. would you agree today or has the tension decreased a bit on the korean peninsula? >> tensions decreased in whenever you have a discussion about having talks, people may be now are taking a little bit of a deep breath. we are not out of the woods yet. this is just the beginning. it is certainly much better than we were last year, rattling sabers at each other. this is a positive step. we have to wait and see. there is a long way to go. stephen: what do you think caused the about-face from kim jong-un? >> the north koreans have always been very strategic in thinking through these issues, and he believed this is the right time. he used the olympics as an attempt to soften the relationship and take it to the next step. the president has three tools. economic, diplomatic, and military.