welcome back to the kaiser report i'm max keyser time now to turn to nick but to yeah open note and tantra labs welcome thank you max this is fantastic because we've been talking for a long time number of years and we're going to get into some really interesting topics right now you are really a guy who understands the internal plumbing of these markets these bond markets these money markets and that's that's where it really your specialty is and you got that background in banking and the bond market so you're well placed to explain the turmoil and what's called the repos market a lot of people been talking about over the past week or so what you know what happened sure so. the treasury market is one that needs to be funded at the primary dealers balance all right so there's i think it's 18 primary dealers and they're the people that interface with the federal reserve bank right and the way that the economy is managed in terms of the cash is there they have a certain relationship with they have to buy stuff from the fed and they get a guaranteed revenue stream and then they market essentia

welcome back to the kaiser report i'm max keyser time now to go to independent journalist j.p.s. attilla a vandal dot com j.p. welcome back good to be with you again max all right so j.p. you wrote recently in a piece titled if you can't stand the heat get out of the empire the u.s. military is suffering the consequences of its main policy objectives of securing the oil reserves and oil shipping lanes around the world elaborate well i think what's interesting about u.s. empire is that it's basically been a project protection racket for the hydrocarbon industry right ever since 1905 when f.d.r. cut a deal with king sowed we will have a protectorate over you you will deliver oil to the west it has grown exponentially over the course of the decades and one of the fascinating things about this oily empire is that oil is not just a justification for empire but climate change is also becoming a justification for empire and the irony being that all of the burning of oil has lead to climate change climate change is leading to things like the melting of the arctic where the united states w

welcome back to the kaiser report i'm max keyser time now to turn to mark the lack who publishes the annual in gold we trust report we're going to get into this massive tome quickly mark welcome great to have you on now you're from lichtenstein 1st of all i like the way you say like the time how do you say it listen in the sand call affair like i'm in a crazy movies are they well we are in paris you are from vienna so you're austrian . in more ways than one many of our guests here on kaiser reporting who watch the show call themselves a part of the austrian school of economics are you an austrian school of economics person or what does it mean to you well i would say so i mean it's quite important for our develop and test been very deport important the austrian school of economics i think helps to really see that this is in the term the 2 for way to view the monetary system so it's not only central banking it doesn't have to be central banking necessarily but like mainstream cannot mix just takes that as a given and i think that's perhaps one of the biggest atlanta just if one studie

welcome back to the kaiser report imax keyser time out of turn to crank hampikian have to phenols report dot com craig welcome back max it's always a pleasure we got a lot to talk about my friend oh my god doing before we talk about the racketeering charges against a p. morgan precious metal trainers what are your thoughts on the repo market in the fed injecting hundreds of billions of dollars in the past when cracked. up q.e. by any other name is still q.e. right what is it $200.00 some odd $1000000000.00 last week and now was he was going to happen this week you know it should be a temporary thing right where they reposed these securities from their member bank or banks whichever it is in exchange for cash and then they get the cash they get the cash back and they give the bonds back the collateral back and it should be a temporary thing which in one day you think case some bank kind of got themselves into a jam it was the end of a quarter you know like the last day of the quarter you might think ok we're not the last of the quarter and this has gone on for for you know 4 or 5 days interesting phenomenon would be in

welcome back to the kaiser report imax keyser time to speak with stefan le vera all the way from australia estefan welcome to cause report thank you for having me max that's great i made the big trip here to read a lot of year for the honey badger conference from a it when did a big coin wave hit australia. i mean there were made up groups and stuff going in like 20122013 so on. the space go very confused as well with all the kind of book chain of technology. as they were and now there's a bit of push back with cornell so there are way all starting to see some all bit cleaner groups sprouting up around the country as well right now your podcast is a must listen to pod cast it's quite quite popular and how long you've been doing the podcast that a year in 2 or 3 months at this point right and and so is it fair to say that you're an austrian economist it's kind of what you lean that way absolutely i mean i would say i'm not a professional economist but i'm a student of austrian economics and i've been studying it. my life at this point just been reading a lot of. articles and books and watching talks from the mazes institute essentially and i think t