Transcripts For RT Keiser Report 20240713

A bit like rotten eggs which is sort of a sense of that chemical still lingering in the air and i was speaking to some of the residents who live just across the river the coal still lingering in the air and i was speaking to some of the residents who live just across the river from where the factory was and they were telling me not just about the Immediate Health come where the factory was and they were telling me not just about the Immediate Health that they had but also concerns about what Health Issues that they had but also concerns about what Health Issues could develop in the future this is what they told me. You can do could develop in the future this is what they told me. You can talk to any foreign men but when you have any type of contact with the smoke its a dangerous to talk to any foreign men when you have any type of contact with the smoke its a dangerous game believe it or because of the camera man excited and in this case when the smoke went into the sky. I can believe it all because of the camera man excited and in this case when the smoke went into the sky we didnt know what was in it was we dont know exactly what is in the year and when i realized i didnt know what was in it we dont know exactly what is in the year and when i realized it in the future it might bring cancer or something else. I had it in the future it might bring cancer or something now so. I have 4 kids and they were impacted by the smell and migraines i thought about having tests done before kids and they were impacted by the smell and migraines i thought about having tests done but for was with absolutely no information about what we should be looking for that visit for was with absolutely no information about what we should be looking for that visit came as a new poll shows that 2 thirds of french people who receive it came as a new poll shows that 2 thirds of french people who responded to the poll think that corn is a bad president and that polled bonded to the poll think that corn is a bad president and that poll comes hoff way through his term as president of france and it seems that no matter what he does he just cant shake the tag of being a bad president hoff way through his term as president of france and it seems that no matter what he does he just cant shake the tag of being a bad president or the president of the rich. Thanks staying with us was on a look at the when you rather today thought the president of the rich. Think staying with us was on a lock with being a rather today to half an hour. In half an hour. Max kaiser this is the kaiser report the show. Max kaiser this is the kaiser report to show you love i know you do yes stacie yes its important to what you love i know you do yes stacy yes its important to watch just say oh and were going to show you some headlines why its so important to watch us because i just say oh and were going to show you some headlines why its so important to watch us because if you watch the mainstream news if you listen to the corporate propaganda you might be on the wrong if you watch the mainstream news if you listen to the corporate propaganda you might be on the wrong side of many trades now max kaiser you were involved in the dot com bubble backside of many trades now max kaiser you were involved in the dot com bubble back in the ninetys and what happened during the dot com bubble a lot of people lost a lot of well in the ninetys and what happened during the dot com bubble a lot of people lost a lot of wealth 5 trillion and wealth right and it was the shoeshine boy the classic 5 trillion and wealth right and it was the shoeshine boy the classic shoeshine boy moment well today as we see the likes of we work collapse white moment well today as we see the likes of we work collapse and we see down big time we see lift down big time and peloton and all that we see are down big time we see lift down big time and peloton and all these other socalled Software Companies right well those are being hit but its call these other socalled Software Companies right well those are being hit but its call. Called the not com bubble is popping the unicorn massacre called the not com bubble is pumping the unicorn massacre unfolding today is exactly the opposite of what happened in 2000 her unfolding today is exactly the opposite of what happened in 2000 it is easy to look at todays crop of sinking i. P. O. s like a lift in peloton or scuttled it is easy to look at todays crop of sinking i. P. O. s like a lift in peloton or scuttled Public Offerings like we work and see an eerie resemblance to the dot com bubble that pop to Public Offerings like we work and see an eerie resemblance to the dot com bubble that popped in 2000 both then and now Consumer Tech companies spent lavishly on advertising in 2000 both then and now Consumer Tech companies spent lavishly on advertising and struggle to find a path to profit both then and now companies that bragged about their ability to change struggle to find a path to profit both then and now companies that bragged about their ability to change the world it is suddenly that they were actually running out of money both then and now the valuations of once change the world admitted suddenly that they were actually running out of money both then and now the valuations of once heralded Tech Enterprises were haves in matters of weeks both then and now that heralded Tech Enterprises were haves in matters of weeks both then and now there were widespread sense of euphoria curling into soberness washed down with the realisation that 1000 were widespread sense of euphoria curling into soberness wash down with the realisation that thousands of workers and once promising firms were poised to lose their jobs and workers and once promising firms were poised to lose their jobs thats right we are having another turn of the cycle a lot of it us to do with thats right we are having another turn of the cycle a lot of it us to do with the fact that so much money was raised in the Venture Capital markets to avoid going public and having the fact that so much money was raised in the Venture Capital market so to avoid going public and having. Dot com replay a lot of these Companies Raise a lot of money dot com replay a lot of these Companies Raise a lot of money in the Venture Capital want to before it ever reached the Public Market so in the case away work they in the Venture Capital want to before it ever reached the Public Market so in the case away work they achieved Something Like a 48000000000. 00 valuation before even going public and achieve Something Like a 48000000000. 00 valuation before even going public and during that time this is whats remarkable to me during the dot com bubble there was and during that time this is whats remarkable to me during the dot com bubble there was a lot of problems with c. E. O. s and insiders dumping stock lot of problems with c. E. O. s and insiders dumping stock right after the i. P. O. There should be a lockup period to force people right after the i. P. O. There should be a lockup period to force people keep people to stay on for at least 6 months or a year to make sure this thing people to stay on for at least 6 months or a year to make sure this thing gets out of the gate it without too many problems here in this era of the we were its out of the gate it without too many problems here in this era of the we work being a primary example the founder an insider was able to dump work being a primary example the founder insider was able to dump almost a 1000000000. 00 before the i. P. O. To you this is almost a 1000000000. 00 before the i. P. O. To the sophisticated money not to the dumb money he had he was dumping it on more if the kid had money not to the dumb money he had he was dumping it on multibillionaires the Venture Capital community which had grown up on multibillion eris the Venture Capital community which had grown up on. In this in the last 1015 years on this unicorn mentality that they were but is this in the last 1015 years on this unicorn mentality that they were but is similar that they were all so feeding on the same delusion and they had. That they were all so feeding on the same delusion and they had profits early on in a couple of big big winners that they were resigned or profits early on in the couple of big big winners that they were recycling so you recycling kind of the house money as it goes in by killing so youre recycling kind of the house money as it goes in the valuations keep going higher and higher but defectively the same but theyre not publicly wishes keep going higher and higher but theyre defectively the same but theyre not publicly traded but it will the question is will it have a contagion effect will the spillover train it but it will the question is will it have a contagion effect will the spillover into a wider stock market phenomena and therefore a wider economic phenomena it is having them into a wider stock market phenomena and therefore a wider economic phenomena it is having the impact in Silicon Valley that house prices are falling rapidly because a lot of people who are hoping packed in Silicon Valley that house prices are falling rapidly because a lot of people were hoping to you know buy properties that they could afford if their we work shares were something to you know buy properties that they could afford if their we work shares were worth something so now there is this guy whos calling it the not com so now there is this guy whos calling it the not com bubble not the dot com bubble because in fact a lot of these companies are not the dot com bubble because in fact a lot of these companies are just masquerading as Tech Companies theyre not actually Tech Companies we just masquerading as Tech Companies theyre not actually Tech Companies we. Work is not a tech company its the same Old Fashioned commercial really work its not a tech company its the same Old Fashioned commercial Real Estate Lending and leasing sort of thing thats been going on as a boring estate lending and leasing sort of thing thats been going on as a boring industry thats been around for hundreds of years and its the same industry but its just been was brain destry thats been around for hundreds of years and its the same industry but its just been was branded as some sort of high Tech Software company where you can get big multiples so rand it is some sort of high Tech Software company where you can get big multiples so why is calling and not com is because the ordinary investor is way smarter right why is calling and not com is because the ordinary investor is way smarter right now than the v. C. Funds because when the web browser netscape went public now than the v. C. Funds because when the web browser netscape went public aug 9th 1905 the day many cite as the beginning of the dot com bubble august 9th 1905 the day many cite as the beginning of the dot com bubble its stock skyrocketed from 28. 00 to 75. 00 in a matter of hours even stocks skyrocketed from 28 1. 00 to 75. 00 in a matter of hours even though the company was not profitable and todays market the opposite is happening unicorns though the company was not profitable and todays market the opposite is happening unicorns with no positive earnings are getting slaughtered at the gates we were expel you ation fell more than no positive earnings are getting slaughtered at the gates we were expel you ation fell more than 80 percent pre i. P. O. When investors balked at its mounting losses 80 percent pre i. P. O. When investors balked at its mounting losses peloton lifton guber have also struggled to persuade Public Markets to grade them on a curve also lift and hooper have also struggled to persuade Public Markets to grade them on a curve also. Their stock prices fall on the day of the Public Offering institutions and Retail Investors are refile their stock prices fall on the day of the Public Offering institutions and Retail Investors are refusing to fork over to unicorns the valuations that private investors were experiencing to fork over to unicorns the valuations that private investors were expecting particularly soft bank a major backer of a lift and we work acting particularly soft bank a major backer of lift and we work this isnt a picture of mass media its a picture of public so brian this isnt a picture of mass media its a picture of public so brian where the masses are diagnosing an acute fever in private markets bring where the masses are diagnosing an acute fever in private markets bring that back to the Opening Statement where i said this because you watch kaiser report weve been covering this weve seen that back to the Opening Statement where i said this because you watch kaiser report weve been covering this weve been i remember misfire science showing charts and saying when we were still in london 3 or 4 years and then i remember misfire science showing charts and saying when we were still in london 3 or 4 years ago saying that lifton these companies were not worth that that they were a ponzi scheme saying that lift and these companies were not worth that that they were a ponzi schemes and that one day they would try to dump it on the Public Markets so i think this is games and that one day they were trying to dump it on the Public Markets so i think this is also part of that censorship d. Platforming sort of thing that we see is like also part of that censorship d. Platforming sort of thing that we see is like the the Corporate Media doesnt have control over the dummies you know the dumb money the the the Corporate Media doesnt have control over the dummies you know the dumb money that used to be called the dumb money the average ordinary investor out there that is used to used to be called the dumb money the average ordinary investor out there that is used. Dump that private investor money onto the dot com phenomenon if youre going back to that era you know it was Technology Software problem dump that private investor money onto the dot com phenomenon if youre going back to that era you know it was Technology Software problem Technology Driven where the pitch would be were going to do Technology Driven where you the pitch would be were going to do publishing on the internet you know in that magazines and newspapers will be publishing on the internet you know in that magazines and newspapers will become redundant people will get their news on the internet at the time nobody believed that come redundant people will get their news on the internet at the time nobody believed that an email at that time a member of hollywood at the time i was working in email at that time a member of hollywood at the time i was working and it was if you had an email address it was considered a class a it was conceived you were kissing and it was if you had an email address it was considered a class a because that you were considered a nerd nobody with respectable would have an email address you know the there to nerd nobody with respectable would have an email address you know the that thats how until the blair witch project and than everything changed in hollywood because of the internet but it thats how until the blair witch project and than everything changed in hollywood because of the internet but here the story of the not com v. C. Driven here the story of the not com v. C. Driven unicorn craziness is even more bizarre in that unicorn craziness is even more bizarre in that its Companies Like we work the pitch was there going to Companies Like we work the pitch was there going to. Own the Global Real Estate market so the founder was saying that the goal on own the Global Real Estate market so the founder was saying that the Global Real Estate market is 5 trillion dollars or 10 trillion dollars obo Real Estate Market is 5 trillion dollars or 10 trillion dollars and that we could own it and that pets raised tens of billions of dollars and that we could own it and that pets raised tens of billions of dollars that would be like saying im going to im going to start farming and you know theres that would be like saying im going to im going to start farming you know kumquats on the dark side of the moon because its its just all kumquats on the dark side of the moon because its its just im the the center of the story that encourages people to take these risks then to the center of the story that encourages people to take these risks in this era that were just coming through has become even less and less supposed to in this era that were just coming through has become even less less substantial its never have such the such stories of lost substance have written antrel its never have such a such stories of lust substance have raise some money money money from so such a high concentration of v. C. Some any money money from so such a high concentration of v. C. S. And now as you point out its collapse and of course there unicorns which are mistys and now as you point out its collapse and of course theyre unicorns which are mystical magical creatures so it was always that and it is a world of negative whole magical creatures so it was always that and it is a world of negative Interest Rates so there we have gone kind of through a Looking Glass where maybe he might have Interest Rates so there we have gone kind of through a Looking Glass where maybe he might. Imagine that this time having huge losses and being subsidized by your imagined that this time having huge losses and being subsidized by your investors and your bond holders because remember there were people Bond Investors vester isnt your bond holders because remember there were people Bond Investors pouring money into. And subsidizing huge performing money into. And subsidizing huge percentage of every ride you take in super is subsidized by these crazy investors i dont know why centuries of every ride you take in super is subsidized by these crazy investors i dont know why they pay for half of my or i but they do and i take it and thank you its very polite of them they pay for half of my or i but they do and i take it and thank you its very polite of them but there they were never earning money and there was no hope for it we also talked about this but there they were never earning money and there was no hope for it we also talked about this in terms of the Shale Oil Production Bond Investors are pouring money into it the 1000000000. 00 in terms of the Shale Oil Production Bond Investors are pouring money into it billions and billions of dollars your pension fund your local municipalities your like your stance of billions of dollars your pension fund your local municipalities your like your state pensions everybodys pouring money into it and we kept looking at it and just looking at the pensions everybodys pouring money into it and we kept looking at it and just looking at their earnings reports and looking at the facts and said just quite simply they are earnings reports and looking at the facts and said just quite simply they are losing money they still havent made money they didnt make money when it was 20. 00 a barrel losing money they still havent made money they didnt make money when it was 20. 00 a barrel for oil they didnt make money when it was 110. 00 a barrel so theyre theyre not theyre little for oil they didnt make money when it was 110. 00 a barrel so theyre theyre not theyre a loser. Money the whole way because that way it read crean syndrome where they have to keep on drilling for money the whole way because that way it read crean syndrome where they have to keep on drilling faster and faster well now its 3 were really starting to hit well i just i was like thats really not the recall starting to hit again just like the no not com bubble where the Public Markets are saying do you guys arent making money and youre never going to make bubble where the Public Markets are saying do you guys arent making money and youre never going to make money well its starting to really hit in the shale oil sector in america on a well its starting to really hit in the shale oil sector and america despite all the hype despite that like what you were saying about newman with we work where he despite all the hype despite that like what you were saying about newman with we work where hes like were going to hold the global commercial Real Estate Market member all the headlines that americas like you say were going to only global commercial Real Estate Market member all the headlines that americas like we produce way more oil than saudi arabia where were an Oil Rich Nation you know we produce way more oil than saudi arabia where were an Oil Rich Nation you know like them foil Field Services face crisis as shale slowdown works and like them foil Field Services face crisis as shale slowdown worsens shell Oil Producers are under fire from investors while most analysts see a supply zones shell Oil Producers are under fire from investors while most analysts see a supply in 2020 the 1st and 3rd Largest Oil Field Service Companies in the world in 2020 the 1st and 3rd Largest Oil Field Service Companies in the world saw their earnings hit in the 3rd quarter due to the slowdown in the u. S. Shale drilled saw their earnings hit in the 3rd quarter due to the slowdown in the u. S. Shale drilling schlumberger took a 12700000000. 00 impairment charge related to its billing schlumberger took a 12700000000. 00 impairment charge related to its north america. In business a rather dramatic slowdown that led to an 11400000000. 00 north American Business a rather dramatic slowdown that led to an 11400000000. 00 loss for the quarter the largest in the companys history quote thats a sizable right dollar loss for the quarter the largest in the companys history quote thats a sizable right down from pressure pumping business that just tells you the state of north american onshore market down from pressure pumping business thats just tells you the state of north american onshore market being pretty poor said and founder of oil and gas consultancy from a can pretty poor said and founder of oil and gas consultancy from a cap and energy if the cost of getting a barrel of oil in saudi arabia the galois are up and if the cost of getting a barrel of oil in saudi arabia the galois oil field is like 2 bucks yeah in america to get a barrel of oil you need to borrow oil field is like 2 bucks yeah in america to get a barrel of oil you need to borrow 20000 bucks to borrow 20000 which is easy because you were saying your unicorn economy 20000. 00 is to borrow 20000. 00 sensually which is easy because you were saying your unicorn economy they they just they lend they lend trillions at no cost ok so now when rates go up they they just they lend they lend trillions at no cost ok so now when rates go up as they will because as night follows day as gravity exists as up as they will because as night follows day as gravity exists as there is heaven and hell there rates are going to go up and that there is heaven and hell their rates are going to go up and that means that the saudis can still get a barrel oil for 2 bucks but you can means that the saudis can still get a barrel oil for 2 bucks. But you can borrow 10. 00 to 20000. 00 in a barrel all in the in the u. S. And the cost of this can borrow 10. 00 to 20000. 00 in a barrel all in the in the u. S. And the cost of this goes up beyond what you can afford it but 1. 00 thing we always mentioned was like ok where those up beyond what you can afford it but one thing we always mention was like ok where. We know what producers but of course saudi arabia like you know what producers but of course saudi arabia kuwait iran iraq russia they all theyre like yeah but only costs us a few around iraq russia they all theyre like yeah but it only cost us a few bucks like we we know youre spending 70. 00 to pull out that same barrel of oil right here bucks like we we know youre spending 70. 00 to pull out that same barrel of oil right the same thing was happening with the taxi market the taxi drivers know how much it costs for all the regulation the same thing was happening with the taxi market the taxi drivers know how much it costs for all the regulations that the insurance the gasoline the driver and theyre like yeah years is that the insurance the gasoline the driver and theyre like yeah youre like eating our lunch technically right now but youre losing money late how is that like eating our lunch technically right now but youre losing money late how is that even a business so theyre very similar these 2 in terms of even a business so theyre very similar these 2 in terms of the magical quality if you have access to Unlimited Money and 0 percent Interest Rate your magical quality if you have access to Unlimited Money and 0 percent Interest Rate youre going to try to do Something Like dominate the global taxi business youre going to try to dominate the global into try to do Something Like dominate the global taxi business youre going to try to dominate the Global Energy business youll try to dominate the Global Real Estate market those are stablished businesses you want to dirty business youll try to dominate the Global Real Estate market those are stablished. Says you want to dominate them because youre literally being given unlimited financing and ahmed hate them because youre literally being given unlimited financing at almost 0 percent cost so if youre a megalomaniac almost a 0 percent cost so if youre a megalomaniac if youre a psychopath youd say you know what i want to be the number one real if youre a psychopath youd say you know what i want to be the number one real tor on planet earth and you go to wall street they say well heres 50000000000. 00 ator on planet earth and you go to wall street they say well heres 50000000000. 00 and go take out some long term leases all over the world to become the number one property dollars and go take out some long term leases all over the world to become the number one Property Owner in the lease or not owner for bed and then try to rent it out the owner in the lease or not owner for bed and then try to rent it out on a short term basis and 15 months later its not worth 40000000000. 00 or 50 out on a short term basis and 15 months later its not worth 40000000000 or 50000000000 its actually maybe worth 2000000000 corina one analyst going to 0000000000 its actually maybe worth 2000000000 corina one analyst going to 0. How predictable is that what are you predictable if we only go for them how predictable is that what are you predictable if we only go for the magic if we believe the magic story if we lose the capacity to actually produce energy or for magic if we believe the magic story if we lose the capacity to actually produce energy or if you lose the capacity to actually have a say in housing and Property Market we lose the capacity to actually have a say in housing and Property Market or like a food market an Agricultural Industry like it is it is costly to produce pro or like a food market an Agricultural Industry like it is it is costly to produce protein but weve weve done the same that weve done with super and gasoline and what weve seen but weve like weve done the same that weve done with super and gasoline and with fracking is that we pretend like we can have magical food that provides all these ingredients fracking is that we pretend like we can have magical food that provides all these ingredients and nutrition its not magic its the kaiser report but max the stacy doesnt nutrition its not magic its the kaiser report with max and stacy dont go away were back after the. Go away well be back after the. Popes who. Put themselves on the line with popes and. Put themselves on the line. They did accept the reject. So when you want to be. They did accept the reject. So when you want to. Present interest for some who want to press. It to the right as an interim. Or somehow want to press. It to write to the press its like the 4th factory in the morning cant be good good to be prosperous like the 43 in the morning cant be good good. Interested always in the waters of our. Interest to all those in the waters of our. Quest to. Question. From. The truth from. Well. Welcome back to the kaiser report time now to return to our conversation with the me of club or lived up to back to the kaiser report time now to return to our conversation with the me of club or lived up blogspot dot com to me to welcome back great to be with you again next year over in St Petersburg blogspot dot com to me to welcome back great to be with you again next year over in St Petersburg in russia we. We were talking about really whats happening the glue in russia we. We were talking about really whats happening the Global Economy weve got the ascent of china weve got the ascent of russia weve got the u. S. Economy weve got the ascent of china weve got the ascent of russia weve got the u. S. Seemingly twiddling their thumbs youre talking about russia and china pretty much seemingly twiddling their thumbs youre talking about russia and china pretty much as centralized governments you use the phrase as centralized governments you use the phrase stalin ism 2. 0 and you know as an american i looked on as a 2. 0 and you know as an american i look at this and i say ok i would think that a decentralized approach that we have in america at this and i say ok i would think that a decentralized approach that we have in america is is something to pursue but clearly the u. S. Model is breaking down for very is is something to pursue but clearly the u. S. Model is breaking down for various reasons so we got to get a perspective your perspective i think is extremely valuable here we want to continue and i just want to ask you also you know its interesting happening race reasons so we got to get a perspective your perspective i think is extremely valuable here we want to continue and i just want to ask you also you know. Interesting happening in germany dimitri despite threats of sanctions germany doesnt break germany dimitri despite threats of sanctions germany is embracing chancing isnt china. Not acknowledge not. The u. S. Says no is no 5 g. Technology and you know germany seems to be like a swing vote technology and you know germany seems to be like a swing vote here between this struggle between the u. S. China and russia general here between this struggle between the us china and Russia Germany it know if they could theyve been a u. S. Ally they could be other many it know if they could theyve been a u. S. Ally they could be up for grabs they could enter into that alignment with russia chopper grabs they could enter into that alignment with russia china dimitri what do you think its difficult for germany because they have surrendered a great painter dimitri what do you think its difficult for germany because they have surrendered a great deal of their sovereignty to the United States after world war 2 and then it deal of their sovereignty to the United States after world war 2 and then is germany of course ceased to exist its sovereignty went to over to the United States germany of course ceased to exist and its sovereignty went to over to the United States as well so theyre not really in charge of their own affairs but on the other hand they swell so theyre not really in charge of their own affairs but on the other hand the americans are so asleep at the wheel right now that you know when the cats away to moscow americans are so asleep at the wheel right now that you know when the cats away to moscow the mice will play and so the germans do end up doing a lot of things that americans will play and so the germans do end up doing a lot of things that americans dont necessarily approve off just building lots of factories in russia. So i think that germany could get closer couldnt stop necessarily troops off just building lots of factories in russia. So i think that germany could get closer and closer to russia as the United States drifts father and further with a to russia as the United States drifts farther and farther away arms of to track arms and looked logical lucky to look budget. It. Is generously what the next 5 g. Is just one example there are lots of others were. Both the United States and samples there are lots of others were. Both the United States and the europeans have lost their edge Nuclear Energy is as one of them for the europeans have lost their edge Nuclear Energy is as one of them for instance americans no longer know how to enrich uranium instance americans no longer know how to enrich uranium they rely on. Russia to do that for them and france to some of the day rely. On russia to do that for them and france to some extent but russia is by far the foggiest along in and thats that but russia is by far the foggiest along and in that in that program they also have failed basically let in that program they also have failed basically lost the competency to build Nuclear Reactors. And lost the competency to build Nuclear Reactors on time and within budget all of their projects latest projects have been is and budget all of their projects latest projects have been complete disasters the United States has 100 Nuclear Reactors complete disasters the United States has 100. 00 Nuclear Reactors producing quite a lot of the electricity and these are all aging out theyre going to be shut down but were guessing quite a lot. The electricity and these are all aging out theyre going to be shut down but they dont know how to replace the United States doesnt know how to build icebreakers anymore they dont know how to replace the United States doesnt know how to build icebreakers anymore its been decades since they built one well the people who knew how to build one are either retired or decades since they built one well the people who knew how to build one are either retired or or pushing up daisies so the United States has stands no chance for or pushing up daisies so the United States has stands no chance in terms of exploiting the arctic along in terms of exploiting the arctic alongside russia which you know the arctic is thawing out so a lot of opportunities there and russia which you know the arctic is thawing out so a lot of opportunities there and the americans wont be able to make use of them not only is this american bigotry the americans will be able to make use of them not only is this american bigotry toward russia kind of circa soviet union times but them it toward russia kind of circa soviet union times but america perception of russias financial prowess and manufacturing abilities arcus perception of russias financial prowess and manufacturing abilities etc are as also completely out of date i dont think people understand and accept or are as also completely out of date i dont think people understand that russias economy has been thriving in no alongside china that russias economy has been thriving in no alongside china. And this is the tragedy of all this is that theres just a. And this is the tragedy of all this is that theres just a lack of information in the us if i watch cable news im i looks like im watching a lack of information. In the us if i watch cable news im looks like im watching a russia soviet t. V. From the 1950 s. Theres been no updating to anyones files over there see and russia soviet t. V. From the 1950 s. Theres been no updating to anyone files over there c. N. Be say and basically a. B. Say they are living completely in the past they say and basically a. B. Say they are living completely in the past i want to kind of talk a little bit about these waves of economic protests but have i want to kind of talk a little bit about these waves of economic protests been happening across the world from chile france spain iraq lebanon haiti across the world from chile france spain iraq lebanon haiti mostly to do with austerity high prices economic mismanagement is there a mostly to do with austerity high prices economic mismanagement is there a bigger story going on here oh yes theres the whole industry in fomenting a bigger story going on here oh yes theres the whole industry in fomenting use revolt in various countries around the world it works through various use revolt in various countries around the world it works through various western n. G. O. S. Social Media Companies are involved western n. G. O. S. Social Media Companies are involves. A lot of are throwing money at it this is a way a lot of are throwing money at it this is a way of flight ing economic backfires in order to trade any. Flighting economic backfires in order to trade any extra cash towards the Financial Centers in london that washington so basically strip cash towards the Financial Centers in london that washington so basically if for it they would bomb a country and steal its gold they could to libya say if we. Or they would bomb a country and steal its gold they did that to libya they did that to iraq. They stole the crates gold cetera. That to iraq. They stole your crates gold cetera just to basically prop up this western bubble economy scheme for a little further for a little just to basically prop up this western bubble economy scheme for a little further for a little longer now they cant even afford to just do a Bombing Campaign so instead they sacrifice longer now they cant even afford to just do a Bombing Campaign so instead they sacrifice a young people off one country after another you know thinking that you know a young people of one country after another you know thinking that you know this is the meat generation not the milk generation because financially theres no this is the meat generation not the milk generation because financially theres no way to milk these young people so what why dont we just go ahead and sacrifice a way to milk these young people so what why dont we just go ahead and sacrifice them and you know this is just a way of causing capital flight ice them and you know this is just a way of causing capital flight. Knocking various economies out so that. Knocking various economies out so that they cant compete for increasingly scarce financial resort they cant compete for increasingly scarce financial resources. You know this is this is a very nasty thing thats going on it has. You know this is this is a very nasty thing thats going on it has very little to do with with corruption as i like to say the United States is the most has very little to do with with corruption as i like to say the United States is the most corrupt country in the world because their corruption corruption has been legalised its called lobby Rough Country in the world. Because their corruption corruption has been legalised its coke lobby all other countries in the world are less corrupt than the United States so. All other countries in the world are less corrupt than the United States so western inspired Anti Corruption drugs here and there and everywhere you know affect us just drop it western inspired Anti Corruption drugs here and there and everywhere you know effect thats just propaganda thats just a rabble rousing kind of approach when you and thats just a rabble rousing kind of approach when you say the us is the most corrupt nation you know id love to be able to argue thats not the case say the us is the most corrupt nation and id love to be able to argue thats not the case but then i remember jamie dimon over there j. P. Morgan being prosecuted and investing but then i remember jamie dimon over there j. P. Morgan being prosecuted and investigated for racketeering and massive multi 100000000000. 00 of fraud its a gated for racketeering and massive multi 100000000000. 00 of fraud its hard to argue what youre saying you know you mention that the Financial Centers london and new york are the centers of this global corruption hard to argue what youre saying you know you mention that the Financial Centers london and new york are the centers of this global corruption and i think about russia russia doesnt have that kind of Financial Sense and i think about russia russia doesnt have that kind of Financial Center is gotten its kind of like divorcing itself from the it is gotten its kind of like divorcing itself from the financial ization of the Global Economy by buying hundreds and hundreds of tough financial ization of the Global Economy by buying hundreds and hundreds of tons of gold you know theyre going is russia going to come out with a gold backed currency items of gold you know. Theyre going is russia going to come out with a gold backed currency i realize this is a bit of speculation but it seems like russia maybe russia and china are going to rely this is a bit of speculation but it seems like russia maybe russia and china are going to come out with a gold back or partially gold backed currency or china has been speculating now with a gold back or partially gold backed currency or china has been speculated well now theyve got 20000 tons of gold which is more than anyone understand that they have rated well now theyve got 20000 tons of gold which is more than anyone understand that they have or might have is that is that going to be we you know you wrote the collapse gap or might have is that is that going to be you know you wrote the collapse gap and is that the pin on the hand grenade thats going to be pulled and is that the pin on the hand grenade thats going to be pulled thats going to put the dollar into a fatal tailspin to death thats going to put the dollar into a fatal tailspin the death dive is that somebody is going to announce a gold backed currency dmitri i think the strive is that somebody is going to announce a gold backed currency dmitri i think the strategy both for russia or china is to let the americans do it oh gee both for russia or china is to let the americans do it oh to themselves by themselves. I wont be anyone but to themselves by themselves. The wont be anyone but themselves to blame. The americans are following along with this program really im so to blame. They americans are following along with this program really well with a program of sept sanctions limiting peoples access to dollar tree while with a program of sept sanctions limiting peoples access to dollar transactions threatening to cut people off from the Swift Network for instance transactions threatening to cut people off from the Swift Network for instance theyre basically a site of the branch on which theyre perched theyre doing that themselves no theyre basically psyched for the branch on which theyre perched theyre doing that themselves nobody has to help them now what russia and china will do is continue to do trade but he has to help them now what russia and china will do is continue to do trade between the 2 countries and with other countries. Between the 2 countries and with other countries. For imperius other trade consortia based on local currencies to. Form various other trade consortia based on local currencies there is currency swaps will be backed by gold get gold guarantees if you will there is currency swaps will be backed by gold get gold guarantees if you will just to stabilize things to make sure that its not just a perk but thats just to stabilize things to make sure that its not just a perk but thats probably all its going to be and of course nobody is really interested in major financial proly all its going to be and of course nobody is really interested in major financial destructions which will occur but they will be produced by the United States actual destructions which will occur but they will be produced by the United States acting alone a money for a while and i know that background in engineering in a low a money for a while and i know that background in engineering you know when you think about this boeing 737 scandal the other plane. You know what you think about this. Boeing 737 scandal the other plane they are outsourcing software to minimum wage workers in india while the executives are but they are outsourcing software to minimum wage workers in india while the executives are buying back billions of stock for themselves and making a killing and you know that seems pretty high back billions of stock for themselves and making a killing and you know that seems pretty corrupt to me did you take a look at that what it what do you think its really miserable how corrupt to me did you take a look at that what it what do you think its really miserable how the engineering culture in the United States has as decayed and its really engineering culture in the United States has as decayed and its its really a question of who is in charge the businessman the financiers or the engineer a question of who is in charge the businessmen the financiers or the engineers and the whole mindset in the United States is you basically hired fire. The whole mindset in the United States is you basically hired fire edge nears as needed to do a particular job if you find an engineer who is cheaper sneers as needed to do a particular job if you find an engineer who is cheaper in india then you hire him even if other engineers will tell you that well in india then you hire him even if other engineers will tell you that well the level of competence is just the same it doesnt matter its all about money d none of it have its not the same it doesnt matter its all about money none of it has to do with the characteristics of a physical systems at all and thus to do with the characteristics of a physical systems of law and basically its a prescription for disaster because money money meant do not understand basically its a prescription for disaster because money money meant to not understand engineering to the extent needed you know to effectively manage it now with the chinese engineering to the extent need. You know to effectively manage it now with the chinese and the russians to stay promote engineers to point responsibility to the russians to your state promote engineers to point responsibility executives responsibility they dont just hire money to do that i love your executives responsibility they dont just hire money to do that i love your point about milk and meat you know theres you can milk this the point about milk and meat you know theres you can milk this next generation well as paul krugman would suggest that we only all the debt to ourselves he says are just x. Generation les paul krugman one suggest that we only all the debt to ourselves he says are just be milking the the youth until they can no longer be belt and then theyre meat be milking the the youth until they can no longer be belt and then their meat in the case of the us all the student debt has forced the students now to go in the case of the us all the student debt has forced the students now to go off for their meat as military conscripts to go fight people who offer their meat as military conscripts to go fight people there even know who theyre fighting its just a generic war that they go out until theyre even who theyre fighting its just a generic war that they go out and try to pay back back their student debt and debt that that is certain endlessly earnestly that is sadly that getting passed but let me you know let me in again another engage an area another question ranch engineering confessed in a bit of interest in its eggs if you go into last august we trade stocks you know last time we talked theres no such thing existed and it had never been contemplated in the history of the world this there is no such thing existed and it had never been contemplated in the history of the world this is an engineer. Something going on the financial engineers is an engineer. What is something going on the financial engineers here negative Interest Rates is it crazy when you think about this with negative Interest Rates will become this here negative Interest Rates isnt crazy when you think about this with negative Interest Rates will become these financial and to poach that hop around on their heads you know where Case Financial and to poach that hop around on their heads you know that were paid to borrow we are fight for saving. Its need to borrow we are fight for saving. Its its insane and it will go on for any length of time because its insane and it will go on for any length of time because basically the incentives for participating in any kind of a banking basically the incentives for participating in any kind of a banking scheme evaporate so the only thing you have left is kind of foreign scheme evaporate so the only thing you have left is kind of force like there is no cash you have to use your your credit card for every its like there is no cash you have to use your your credit card for every saying. Oh your body has to be within this Financial Institution which will saying. Oh your body has to be within this Financial Institution which will slowly confiscated over time. Co is going to go along with that scheme slowly because it had no hope for any length of time. But i cooked was with watson to sort of go to milan also but that thats it you know who for any length of time will put out with that sort of nonsense so its just a question of time theres a lot of social interaction of people will you know because theyre losing though its just a question of time theres a lot of social interaction of people will you know because theyre losing a little bit of money at a time right now. You know theyll put a little bit of money at a time right now. You know the oco put put up which i took the time being but you know i did some like Straight Line projected up which i took the time being but you know i did some like straight project projections in terms of over lower Interest Rates. Projections in terms of over lower Interest Rates. If you just like plotted out it turns out you know looks like were going to have to just like plotted out it turns out you know looks like were going to have to have ever more negative Interest Rates thats what a lot of guests of ours are saying and weve got to go i have ever more negative Interest Rates thats what a lot of guests of ours are saying im gonna go quick question how long would it take me to grow a beard like that 3 years quick question how long would it take me to grow a beard like that 3 years thank you add to major for being on the kaiser report thank you well thats going to do it thank you adam h. And for being on the kaiser report thank you well thats going to do it for this edition of the kaiser report with me max kaiser and Stacy Herbert want to thank our guest amaechi all up for this edition of the kaiser report with me max kaiser and Stacy Herbert want to thank our guest Amaechi Orloff joining catch us on twitter its kaiser report until next time by. Mouth join to catch us on twitter its kaiser report until next time by. Believing in weird things by the way its called superstition or magical thinking. Believing weird things by the way its called superstition or magical thinking believing weird things like that is not a bug in the system its a few believing weird things like a. It is not a bug in the system its a feature that causes equipped in the software of our programming to treat your economies equipped in the software of our programming to try to connect things in the environment just in case theres a real connection. To connect things in the environment just in case theres a real connection. With a snap election on the way to u. K. Prime minister and leave. With a snap election on the way to u. K. Prime minister and leader of the opposition clash over everything from russia and souls and u. S. Designs on the of the opposition clash over everything from russian solsbury and u. S. Designs on the n. H. S. The democrats control the us housing and jets. The democrats control the u. S. House of representatives votes to move the trump impeachment inquiry to the next stage an open house of representatives votes to move the trump impeachment inquiry to the next stage an open hearing the resolution was condemned by republicans as soviet style hearing the resolution was condemned by republicans as soviet style. And facebook suspends accounts it believes were russian. And facebook suspends accounts it believes were russian and involved with this Information Campaign in africa just a week off the most coastlines and involved in this Information Campaign in africa just a week off the most coastlines 1000000000 dollars deals with the continent. 1000000000. 00 deals with the continent