The kaiser report but you know that already. I think were right again. This is a good show because we get this we get to bash George Osborne which is always a fun thing for me to dale especially here in the u. S. Right can do that i getting. My. Stacy to be fair and balanced George Osbornes mother loves him she thinks he is the most amazing person on earth and in fact the beneficiaries of some of his schemes love him too because they got free money from the british taxpayer perhaps a british taxpayer is not so happy about the rest of the story and were going to talk about help to buy this is a scheme George Osborne when he was chancellor of the exchequer introduced in 2013 march of 2013 you and i immediately did an episode and its called ponzi lottery and that is episode 4 to 5 and i want to play this little clip where we talk about the ponzi economics of the u. K. As they point out in this case of Nicholas Levine he was running a ponzi scheme a ponzi scheme pays returns to investors from other investors money or their own until rather than legitimate profits no legitimate profits cut to the ponzi economy that i said this is like into the a ponzi economy he appeared in my eyes is the economy of the u. K. Here is what George Osborne in his budget while we were in new york he tried to sneak it in he thought we wouldnt notice this but were here to cover it budget 2013 George Osborne pins hopes on housing boom taxpayers will underwrite the mortgage of hundreds of thousands of home buyers and take stakes the newly built houses in a 15500000000 pound attempt to stimulate the struggling economy George Osborne has announced they call this an overtly political move with an eye fixed only on 2015 general election so there you have it thats how ponzi schemes operate when thats how bernie made off operated everybody knew he was scamming somebody but he thought they thought he was scamming somebody else not them. Market in britain is a ponzi scheme its plateaued a year ago or so so i was born needs new suckers hes going to inject the housing pundits came in britain with more money that hes borrowing from the Central Banks ultimately and more carneys being flown into britain to lend George Osborne more money from the wholesale market to reinflate the housing bubble newquay as a political gimmick doesnt add jobs no does it grow the economy no it in fact it creates an economy people dependent on gambling ponzi schemes with using their house as an a. T. M. To finance their consumption to drink all day to get my p. Off one p. Off their beer keep them drunk people borrowing keep them gambling keep them snake and stupid George Osbornes message is and it does absolutely nothing to grow the economy and we already have a president already a government backstopping gambling in the Housing Market its called fannie mae and freddie mac. Thats the primary reason you have the 2008 bust osbornes looking at the recent history and saying heres the worst policy ever created in a modern history im going to do it i would do it worse im going to make it even more risky than they did in Fannie Mae Freddie mac. George osborne to britain island wherever it was the guy coop cyprus he is as ive said a menace right i stand by those words George Osborne is a menace you know its funny because on the Genesis Block it says chancellor on the verge of another bailout the chancellor they are referring to is George Osborne it was actually who was brown really was gordon brown was the chancellor they shekar in 2800 bailed out Northern Rock so all right that was he was the chancellor and it was it wasnt on verge it was the chancellor and brink of bailout a 2nd bailout for rice and he was on the case when they when the Genesis Block was mine he was also the guy who sold half of britains gold. That is true wow that guy is famous so the guy is famous so here were talking about help to buy this is a scheme that was introduced in 2013 to help basically we could basically help builders of properties it was a help to sell scheme and if you could come up with 5 percent of your deposit so also targeting a specific class of people because property is already overpriced and the United Kingdom and George Osborne who at this time in 2013 is the chancellor of the exchequer and he doesnt believe in free markets he you know free markets would genuinely say well if people cant afford it the price has to come down if you want to sell your property youve got to lower the price and order to find buyers well we call that a ponzi scheme we in fact called it a ponzi scheme also in 443 where Frankie Boyle where he said hes cause osbornes help to buy scheme like eating toilet paper episode 451 mitch firesign he called it the biggest ponzi of them all thats the name of the episode so we said that in 2013 there was a little bit of pushback lets say from the british who did not like that we called it a ponzi scheme so cut to 6 years later because what you want in a journalist or opinion shows is to question authority question punch up not punch down and we punched up we looked at what the scheme was and that it was probably a ponzi scheme because they were taking from one group of people the taxpayer to basically feed the scheme that is the ponzi of the of the Property Market here 6 years later u. K. Government blew billions on help to buy scheme that enriched Home Builders and drove up home prices taxpayers on the hook when prices sink new report warns this new reports is from the actual guy. From an office the National Audit office they find that the u. K. Governments flagship help to buy equity loan scheme launched a stance of glee to give cash strapped 1st time buyers a leg up onto the Property Market has dished out billions of pounds of publicly subsidized loans to relatively well heeled homeowners who were perfectly capable of buying their 1st property without need for outside help assert a new report by the National Audit office writes ponzi scheme its a ponzi scheme that took from the poor schmoe ordinary taxpayer and gave to a group of well heeled investors were going to go over the some of the details what they found is that actually there were like m. P. s that use this scheme whereby the taxpayer gave them 20 percent of their deposit so its part and parcel of one of many scandals were reported royal bank of scotland stealing from 30000. 00 of their own customers and they have their g group Didgeridoo Group to give it to their own selves here you have upon this game for help to buy we have all the scandals at Barclays Lloyds r. B. S. H. S. B. C. Their Money Laundering for mexican drug cartels so weve you know now tell me tell me fine viewer what point was the e. U. Responsible for you kate bankers jobs born and gordon brown. Flagrantly ripping brits off and bankrupting their company home oh the answer is they werent this is why ive always my objection to breaks it is not that i like the you but it without the mollifying influence of the e. U. The brits are going to be exposed face on head on to people like Boris Johnson and jacob reese mog who are who are certifiably insane. Same so were going to go over some of the details in a 2nd but in terms of our theory at the time 2132. 00 days after George Osborne introduced this George Osborne was the chancellor of the exchequer than any introduced us policy and we called it a ponzi scheme one of the things that you need for a ponzi scheme is new entrants and one of the things that you need in a ponzi scheme is its hard to taper ponzi as weve said so here is what the National Audit office says the u. K. Regulatory body. Gareth davies head of the n. A. O. Warned that the biggest challenge the Government Faces will be to wean Property Market and the homebuilders off the scheme with as little disruption as possible while still being able to meet its goal of 300000 new homes being built by the 2020s but many Home Builders are by now completely hooked on the public funds with companies such as persimmon depending on the scheme for around half of their sales that is the definition of a ponzi scheme where you know what it to be in fair balance we have to say the like the m. P. That received the government the taxpayer subsidized equity loan he thinks thats great he thinks this wonderful he thinks is the opposite right upon the exactly and that he thinks its like make sound sense that he is given this money so you have to say it. To honor the u. K. Regulatory dictate her off calm we must say that the beneficiaries of the ponzi scheme are happy to be beneficiaries of the ponzi scheme ok thats fair and balanced great ok ive gone to get off my back so the report which used figures supplied by the ministry of Housing Communities and local government found that only 37 percent of roughly 210000 people who have so far benefited from health to buy would not have been able to afford property without it since the scheme is not means tested anyone can apply and qualify for the loans including people earning more than 100000 pounds a year who reportedly account for 4 percent of the total borrowers one particularly egregious example is conservative m. P. Peter boon who in 2016 used the scheme to buy a new constituency home purchasing the 175000. 00 pounds home and his wifes name with a 35000 pound equity loan. From the government so again only the propaganda at the time or you know the happy people the beneficiaries were how they sold this to the public was that were helping all those poor people were helping out the taxpayer you know its tough Economic Times you know the banks have been bailed out now were going to help out bail out the people well actually only 37 percent of those people who did receive the loans actually needed it the rest were very you know upper middle class and they get to keep their complaining that knife stabbings are up and i have crime is up shootings are up so the societies in decay right piers morgan is like. Oh. So much. 2 so i look at the causes ok George Osborne oversaw a financial chernobyl on your watch and you applauded him and took the money ok now dont complain to me now about the stabbings ok thats called jose on ha ha ha which is a new word i just made up and then finally you know again were saying this is a ponzi scheme the Property Market is the ponzi scheme that keeps the stability whatever stability remains in the k. Together so here we have the final conclusion in this article while helped to by may have had a limited effect in terms of making housing affordable for 1st time buyers who were genuinely priced out of the market it has proven to be effective at sustaining the u. K. s all important housing bubble by jacking up the prices of new build houses resulting in even less Affordable Housing since help to buy was 1st launched in 2013 average u. K. House prices have increased by 35 percent from 167000 pounds to 226000 pounds exactly as we said back in 2013 we did reese. Some you know warnings from the government for saying that but the price if they were given 2025 percent we said prices will go up by that much if your governments just going to give and of course they dead pricing out more people destabilizing the economy then out of or comes out the washing and also well were going to take a break and 1. 00 way to come back oh were going to continue with a much more so. Join me every thursday on the alex im unsure but ill be speaking to the world of politics or business im show business ill see you have a. Good food descriptions sound up a tasing even for the owners so how to choose just pet Food Industry is telling us what to feed our pets really more based on what they want to sell us than was necessarily good for the pet turns out may not be. People believe we have animals that have you know diabetes in arthritis they have auto immune disorders theyve got allergies we are actually creating these problems and its a huge epidemic of problems all of them i believe can be linked to very simple problem of diet and some dog owners so heartbreaking stories about their purchase streets the larger corporations are not very interested in proving or disproving the value of their food because theyre already making it a 1000000000. 00 on it and theres no reason to do that research. Welcome back to the kaiser report im asked as a time out returned our conversation with david margan of the margan report its a must read report dont forget to read it david welcome back and that script be back oh Moratti David Morgan tell us about the red pill conference that sounds intriguing. Is it is i think one of the most it is in my view the most diversified conference in the world i mean this conference takes in what you might call xscape in the matrix from every aspect i can think of so youve got education youve got health youve got legal youve got financial. And you know 2 or 3 things i probably left out but theres a lot in there that questions basically everything i mean if you look at the concert start of education and how this whole system has been tried a bit indoctrination system rather than a real Education System i mean i was probably the last in the Public School system not me personally but my age group from where i lived at the time had fairly much classical education and we were really were given ideas about Critical Thinking and logic reply logic to you know our answers and then asked to ask questions that type of thing. And i digress here max which is real brief moment i lived in the bay area from most for was born there live there for a great deal of my life and i went to this solar expedition exhibition up in the far north Northern California and ralph nader was there. And dinner remember much is speech except this he said that his father was very big at the family dinner table asked these questions and one question he asked one particular time of him but his brother was wasnt whether you do in school today and they continued he says we are taught to think or you taught to believe. And that resonated with me max always thought you know thats the kind of sums it up in a nutshell so the health thing i mean whats going on with. The medical practices as we know them in the Insurance Industry kind of running the whole thing and you know i mean on and on it goes so my bottom line the max as steve stacy asked me is i think is that event that if you have ideas that you are questioning you should actually try to read till its only in one area even if its only the health or even its only the education or if julian and law are what your sources rights are or or finance there is a lot of finance i mean theres a fair amount Robert Kiyosaki is there almost every year that he does from an overall monetary review of how people are taught absolutely nothing about money in school and the everyone you know has to get out of school early living right away teach about money and so he goes that is still a query about that and he does a great job so i would. Recommend more ighly its fairly well attended i would actually pay for my perspective that is even greater attend this because of the caliber of the people they have speaking and the subject matter cuts it only going to figure out my view or right lets stick on this thing the matrix of cars thats a famous movie and its about a parallel universe that is exists powered by humans that are living in go a gaap as living as batteries and cannery this as trying to escape the matrix east theyve got red telld by meow and you know we know the story and we live however in an increasingly more matrix like an environment im thinking about for example now we have the deep fakes on you tube and other outlets where its becoming virtually. Impossible now to say differentiate between a fake kiana real reeves speech or of Barack Obamas speech or trump speech both the video and the audio thanks to Artificial Intelligence thanks to cheap access to computer processing any kid in their basement can create these deep fakes theres a question about nancy pelosi recently there was a video out was it real was fake so you know were going very much into the direction of the bay tricks where the reality is programmed by those who are giving us little scooby snacks little bits little likes a little have a discount on a hamburger were heading into the matrix and people as we saw in the movie most people enjoy that they dont want to deal with reality they want to be on opiates they want to be drugged out they want to be they they dont want to be conscious they dont want to be educated weve gone past the Event Horizon on this one as well david morgan i mean i sounds great it sounds sent elating and im sure itll be a lot of fun but this fricken society is setting into a Dystopian Nightmare with drugs Artificial Intelligence and deep fakes and fake news and fake markets and fake prices it no do you think theres going to be any kind of a pushback at all well theres a lot of pushback with the different speakers and different readers as i outlined education medical financial legal and there are people who are activists and they take this to heart in their wake you know other people all the time we met shed been instrumental in a member when i 1st met you on the internet and obviously with your great since you grew stacy you know i was addicted for probably one week. Probably was similar to a new group of 20 or 30 videos years because everyone who had to mexico. Approaches the financials. System as he makes fun of it you know financial terrorists and all this is are happening so you know thats real but humor and hair its not the end of the world we see in this repeat i mean if you go to Frederick Bhatia in the book the law i mean this stuff is not unique to our generation this stuff has taken place over and over again people reboot reset comes back but if you look at least from my perspective it is a pretty studied one max usually the powers that be remain the powers that be even though there is the perception that the exit ches the reality is that they havent changed much its just that theyre given a longer leash and people feel freer and more control their lives and as everything but the leash is still on them they just havent felt it yet theyre right fill in the last in the last day as so there are rumors now is a 3 rate cuts coming up and at the same time right dahlia biggest money manager in the world things may dumping aggressively it and that running for the health what kind of background suppose think about this are the elites put on the record and they get now this flaming Dumpster Fire of a stock market slash economy they havent. Absolutely i mean being a commodities guy for so many years you want to sell in the strength there still strengthen the stock market so deleo sell into strength getting enough pretty bow to top bid throughout the throughout the sector and then these move in the bond market where youre almost guaranteed to make a profit because as we all know when Interest Rates come down bond prices go up so you move from stocks to bonds capture that you know next 12 or 3 cats to take place and when he goes there i dont know ultimately there will be a run the goal because ultimately as we talked earlier in the program or maybe the 1st segment the bond market is the key to the kingdom everything revolves around Interest Rates and this is something that is controlled by the mainstream by. Natural powers that be but cant be controlled forever at some point this is like wait a minute theres so much of this stuff out there how valuable can it be and theres so much of this out there that cannot be paid back im going to exit im going to get mine before everybody else does and its a run of the exit starts look out right now david margan f. I correct me if im wrong but i believe it is to be a test pilot so i want to pick your brain about something theres a controversy out there the boeing 737. 00 max and you know this has caused a lot of handwringing and consternation in the ara not accept business whats the background here is boeing got a problem here. Do i mean i remember in the test field i mean we would have certain things that would happen would be grounded so in other words you can fly the test vehicle until we you know engineering figured out what the heck was going on and the best in the do in these type of situations stars a person concerned beat in the aircraft industry from the test side for so many years is you know admit it find a problem and resolve it. Well thats always difficult to do and at these types of a corporate problems try they try the route of covering them up at 1st and they tend to get deeper into it on the getting back to the red pill copper so well where is it when it well was it hard for connecticut the Previous Year was a spokane wash year before that it really was a kalispell montana and the next one i think is going to be in colona British Columbia i think as a tentative location at this point in time and when yeah there panel folks up there theyre looking at the kind of taken you know a whole graphic a whole. The whole picture and then getting. What is there via go is some of the emerging fame down the next year to give us a path out of this out of this out of this mess as you see any any kind of path out david. Well its a tough one facial in and on he will 1st of all i think the overall right theme is to not or see i mean we hear about all the time but if you took it for take it from a broader scale to about tech knoxy its about you know we will program these computers that know better than us a ticket all Human Knowledge and theyre going to help our lives be a lot better and as he said for you know i dont put words in your mouth max but as i agree with you that were basically in a society where so many i dont know what the percentages could basically be bupropion to just go along the mainstream and anything that you and i see is fake news which is inaccurate but thats their belief system and its very very strong and so i think theyre going to separate the people that disagree will never take the red pill and live in the blue pill land and thats the society that it wants of people like you and i that are pushing back are going to be marginalized as much as possible if the internet is hard to do yet we see it happening with google and. Book and you tube all pushed back on us because we are putting out either fake news or worry hate speech or all these other things so its real war the war of ideas mr nothing more powerful than freedom of speech or freedom of an idea but the old adage and im still idealistic enough theres nothing more important than an idea whose time has come so i think one way or the other were going to get to the truth i set off at the end of my weekly prospectus theres nothing more powerful than the truth not your truth not my truth the truth and when we get there a lot of the stuff may reset on a. More important basis i mean basically if you have a Financial Systems built on truth we have a whole different world that we have right now i feel like im being read pelf but david gergen. Been wrong about everything. David margan thanks for being on the kaiser part. Now its my pleasure thank you all righty thats going to do it for this edition of the kaiser report with me max kaiser and Stacy Herbert want to thank our guest david margan of the morgan report if you want to catch us on twitter its kaiser report and told by all. Parts of deal this century have been made public and the reception has not been good focusing on aid and infrastructure they deal with silent on the most contentious political issues and for all intents and purposes the long proposed 2 state solution appears to be dead is the deal of the century dead on arrival. I was. Born. I. As of 2013 the pet Food Industry was dominated by only 5 more titan glamour companies. Yet when a consumer walks into a store its easy to assume that there is a vast array of choices for their dog or cat and the ability to choose that one perfect food. But just how different are these choices and whats really going on inside of those bags is whats inside really as healthy as the shiny l. Side labeling would have you believe. You. Can. Buy a miscarriage back or an integrated veterinarian bourbon
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