welcome back to the kaiser report imax keyser time now to turn to michael penta of pent o.-port dot com michael welcome back thanks for having me back on maxwell all right let's get into it since we spoke a month or two ago michael the fed has continued to iraq how they are now claiming that q e is permanent and that in fact negative interest rates may be next year thoughts michael panta. well you know i find it amazing max that you know you have to come on shows like yours that actually tell the truth and center most of the mainstream media which obvious case what's actually happening to the middle class and to the american people as a whole. you know what's happening here is that the fed has it made it that they have her minutely monetized a little over three million that's what she really is in dollars worth of consenting of their debt of the money they print x. nilo ok out of nothing and that that was something i remember mr fischer of the dallas federal reserve once said that the federal reserve of the united states would never go down the road of a banana republic and