Iraqi state is now most of the invasion from iraq in the collapse of the iraqi state when extremists who were held by the americans set free. The British Government suspends when extremists who were held by the americans set free but the British Government suspends shale gas fracking due to Environmental Concerns about the opposition called a preelection gas fracking due to Environmental Concerns about the opposition calls it a preelection stunt and demands a permanent. And demands of. Thousands rally and. Thousands rally and she lay over failing Public Services and the growing inequality. The latest on the for failing Public Services and the growing inequality. The latest on these stories you can head to our team dot com stay with us. Now though for the financial news. Stories you can head to our team. Though for the financial news. There imax kind of this. Time there imax kind of this is the kaiser report the worlds economy is rolling toward bifurcation as a report the worlds economy is rolling toward bifurcation theres a where theres a where to look up but you know itll follow up in a wagon or in a funk and ill. As. To yes of course weve been to guess a fact of course about weve been talking about for that for quite a few years the years that cantillon have had found that the have the effect at the top the one percent get to benefit from all the money printing their asset prices go up with their property and one percent get to benefit from all the money printing their asset prices go up with their property or their stock portfolio austerity for the bottom 99 percent the or their stock portfolio austerity for the bottom 99 percent and weve really seen that and the global insurrection against banker occupation started to rise up and weve really seen that and the global insurrection against banker occupation starting to rise up again we reported that you quote in that phrase. We can report to thousands on the 920000 that in the phrase giago back in 2009 in 2010 and during among them many many opera up risings and then protests of us around the world were sold largely so to say were going to see this so i just wanted to follow up on our interview with Dmitri Orloff because i wanted to before all. Of you with Dmitri Orloff because i think that in fact a lot of these protests are indeed genuine of course other than a lot of these protests are indeed genuine of course other nations and sort of players and geo political players and great powers and stuff trying to intervene ations and sort of players and geo political players and great powers and stuff trying to intervene but in fact if you saw it like over a 1000000 protesters demand chillan but in fact if you saw it like over a 1000000 protesters demand chill a president s resignation hes a billionaire hes a post austerity president resignation hes a billionaire hes im opposed to austerity and people have had enough. And weve had protests and lenny and people have had enough. And in chile. Weve had protests in lebanon weve had protests in haiti weve had protests in egypt and spent on weve had protests in haiti weve had protests in egypt and spain so a lot of them are about this global insurrection against the Rocks International against back pain so a lot of them are about this global insurrection against the Rocks International against banker occupation thats what we call it we said and you know they got over the grog the patient thats what we call it we said and you know they got over there its what i call i came up with a new metaphor its the stone blower you know that or its what i call i came up with a new metaphor its the stone blower you know that with a stone blower you know you push it down the sidewalk or the road there and it blows with a stone blower you know you push it down the sidewalk or the road there and it blows all the snow although off to the softer side to the. So but they subsequently sickly and. Leaves a flat flat. On snowed surface and snow and so these Central Bank Policies so these Central Bank Policies they blow all the money into the pump pockets of the top the top. 110th 10th the one to one percent percent and they leave everybody else without anything right and they leave everybody else without anything right and they do this with Financial Engineering and. Then they do this with Financial Engineering and policy initiatives so its not an accident its not these huge loss of income policy initiatives its not an accident its not these huge walls of income gaps dont happen because of some odd accident apps dont happen because of some odd. Accident by design and you know weve shown on this show for 10 years like ok we design and you know weve shown on this show for 10 years like ok we said jamie diamond was engaged in racketeering to to fix prices in the gold market to said jamie diamond was engaged in racketeering to to fix prices in the gold market to manipulate prices and to ingratiate and to you know manipulate prices and to ingratiate into you know. A lot of people and then its finally. Impoverish a lot of people and then its a finally hes now being investigated and prosecuted under racketeering right those are now being investigated and prosecuted under racketeering right but those are individual crimes and those are with bad intent the central Bank Individual crimes and those are with bad intent the Central Banks and the treasuries and the fact that the treasuries and the governments have abdicated their ranks and the treasuries and the fact that the treasuries and the governments have abdicated their role in the economy to the Central Banks who they believe are experts living in ivory towers role in the economy to the Central Banks who they believe are experts living in ivory towers those people might think theyre well intentioned but what they did people might think that their web well intentioned but what they have created is a global bully precarious situation i the the vast vast majority of b a p people are pretty precarious and they actually have they have to work for work for and. So over there at the back of the book of england on the market bank of it was on the market it was shown that he as an individual to all was england gate agent in Library Building or regain. Yes ok as an individual he iran is the central bank so theres a few main Central Banks yes and as an individual he runs the central bank so theres a few main Central Banks run by individual and then there can demand vigil and there are can for a meeting on for across right size arent start sort of at the top as i. Would say and trickles down thats the trickle that the system would say. It out and thats the trickle that the system itself is rigged and therefore anybody who has a job within that system or from his roots and and therefore anybody who has a job within that system or functions in that system will become corrupted by that fundamental layer that this is them will become corrupted by that fundamental layer that is the corrupt Monetary System and here for example in chile and why people are approaches the corrupt Monetary System and here for example in chile and why people are protesting here why i believe they are genuine protests and sure outside actors medicine here why i believe they are genuine protests and sure outside actors may intervene at some point or perhaps they are whatever but one and i intervene people who. Are in whatever but one and a half 1000000 people showed up in the streets its brought on a convict who is what one of. These have been for the most almost expert in the world on an expert in the wall on inequality. And he has studied this for the past few decades for the past few decades which we did in the new new 23rd 20 anything 3024 or 24 Global Mobile deal in should come to. India to just completed the bottom 5 in 5 percent 10 percent in chile already the state the same say. Thats the bottom 5 percent among. Bollea and moldova so we all recognize that moldova 5 percent among bollea and moldova so we all recognize that moldova and mongolia are developing nations their poor nations and in mongolia are developing nations theyre poor nations and the bottom 5 percent in chile are equal to those meanwhile the top and the bottom 5 percent in chile are equal to those meanwhile the top 2 percent in chile and this is probably under estimated he says have the same in cooper sent in chile and this is probably under estimated he says have the same income as the top 2 percent in germany germany is an industrial powerhouse come as the top 2 percent in germany germany is an industrial powerhouse with a massive export market huge Wealth Creation and the top 2 percent its with a massive export market huge Wealth Creation and the top 2 percent in chile are equal to the top 2 percent in germany but what youve seen those in chile are equal to the top 2 percent in germany but what youve seen those t. Shirts are bumper stickers or whatever the say the beatings will continue until morale t. Shirts are bumper stickers or whatever the say the beatings will continue until morale improves right as ironic right because morales not going to improve if you keep beating all improves right is ironic right because morales not going to improve if you keep beating on people if now here these until a the policy is to bankrupt the kind of people here now here the until a the policy is to bankrupt the country to eviscerate the middle class and to reward the kleptocracy thats the pottery to eviscerate the middle class and to reward the kleptocracy thats the policy and those of the when when this kleptocracy policy and those of the when when this kleptocracy notice notices that is theres a 1000000 theres a new feeling blah blah. Then it have been penned. There pauls policies to these. Their response is to double down right as well as like that and their response is to double down right as well as like that and one country they. Say is a few from place point. They. Point out how they are engaged in massive corruption they double down so here in chile and another caged in massive corruption they double down so here in chile and in other countries if you point out to them hey youre engaged in massive corruption they double down and they just montresor if you point out to them hey youre engaged in massive corruption they double down and they just make even more impoverished and theres no pushback theres no law against it in the make even more impoverished and theres no pushback theres no law against it in the United States theyve got rid of all the regulations right so theres no way to stop it and in the bank of england of the United States theyve got rid of all the regulations right so theres no way to stop it and in the bank of england of england of course its sort of the purest case of a kleptocracy and so in england of course its sort of the purest case of a kleptocracy and so its now thats been spread to the core Business Model of also entrepreneurs there are conspiracy that spend spread to the core Business Model of also entrepreneurs there are conspiracies going on all over the place and as we pointed out the conspiracies to rig Precious Metals hes going on all over the place and as we pointed out the conspiracies to rig Precious Metals markets we presented it here in christ report back in 2011 people said it was a conspiracy markets we presented it here in christ report back in 2011 people said it was a Conspiracy Theory and indeed it was a theory of our is that it was being rigged and there was racketeering going on at erie and indeed it was a theory of our is that it was being rigged and there was racketeering going on it is now a conspiracy indeed in fact as the department of justice is charging that is now a conspiracy indeed in fact as the department of justice is charging. Am there is a conspiracy going on in the repo markets we know there is a conspiracy going on in the repo markets we know for a fact that Central Banks well the new york fed in particular is can spell for a fact that Central Banks well the new york fed in particular is conspiring to rig something we dont know what is going on because it is a black hole weve airing to rig something we dont know what is going on because it is a black hole we dont know and im in a black box we talk zones we dont know dont know which bank we are where shadow banking when which i dont like banking who is like who is in trouble and we have this in trouble and we have this line. Act we fear from fed act from fred hickey and he said this as mass is a mismatch of the fed daily and if in fact her head eventually intervened bet isnt business and Business Owners assume peters out assuming the getting worse and worse what is the fed hiding the longer this goes on and the bigger worse and worse what is the fed hiding the longer this goes on and the bigger the interventions get the more my confidence is shaken i expect thats true for other interventions get the more my confidence is shaken i expect thats true for other investors too and he was responding to a tweet from brad houston about the fed temper investors too and he was responding to a tweet from brad houston about the fed temporary repos on september 17th they said were doing repose today and tomorrow very repos on september 17th they said were doing repose today and tomorrow on september 19th they said were extending repros until october 10th 75000000000 over on september 19th they said were extending repos until october 10th 75000000000 overnight 30000000000 term and then on october 4th were extending repos into levon 1430000000000 term and then on october 4th were extending repos into levon 141011 or. Extend repose until january 20201023 work spending overnight repo off 1011 or extend repose until january 20201023 were expanding overnight repo offering to 120000000000 or 45000000000 term theres a run on the bank for him to 1c2xb4x5b term theres a run on the bank for the highest liquid shortest term base money paper the highest liquid shortest term base money paper and there is not sufficient quantities. And there is not sufficient quantities to keep the system afloat and some major bank could be j. P. Morgan thats my guess it keep the system afloat and some major bank could be j. P. Morgan thats my guess is in 2 and it is to sit back into urban actually announce here and suck up and bankruptcy or an insolvent. Bank. And in this. Look at the amount of looks at the numbers i bounce on stunting 2021 have we seen such a collapse and base money in fact were going to go nuts on stunting 2021 have we seen such a collapse and base money in fact were going to go to a headline here and talks exactly about that and that shows the data that headline here and talks exactly about that and that shows the data that the base money supply is declining at the same rate of 102021 based money supply is declining at the same rate of 12021. 00 gold credit and the coming financial collapse since 2016 the us Monetary Base gold credit and the coming financial collapse since 2016 the us Monetary Base has declined by about 23. 68 percent this is the deepest and last has declined by about 23. 68 percent this is the deepest and longest the kleine since the Federal Reserve was formed on december 23rd 1930 longest the cline since the Federal Reserve was formed on december 23rd 1913 this should not be ignored the last time there was a decline close to this magnitude there was a sharp deflationary recession that was the one that occurred from 1920 teen this should not be ignored the last time there was a decline close to this magnitude there was a sharp deflationary recession that was the one that occurred from 1920 to 21 heres today you can see the decline in the Monetary Base and to 21 heres today you can see the decline in the Monetary Base and back there in 1921 and just for you know definition back there in 1921 and just for that you know definition purposes that were on the same page he just finds the Monetary Base as the foundation purposes that were on the same page he just finds the Monetary Base as the Foundation Part of the money. Supply and represents the most liquid partition part of the money supply and represents the most liquid part of it it basically acts like gold and a 100 percent funded that it basically acts like gold and a 100 percent funded Gold Standard it represents the final settlement of a transact Gold Standard it represents the final settlement of a transaction right thats the key is the settlement layer as its called with right thats the key is the settlement layer as its called with the most liquid highest grade paper government paper if these banks like j. P. The most liquid highest grade paper government paper if these banks like j. P. Morgan or Deutsche Bank are unable to settle trades because they dont have the cash the morgan or Deutsche Bank are unable to settle trades because they dont have the cash to settle the trade then when the end of the quarter comes theyre going to have to by law to settle the trade then when the end of the quarter comes theyre going to have to by law if they if there is the rule of law in that if. There isnt the rule. That they have that arent an open question announce that they are insolvent and therefore theyre going to suffix off of a and and and there can be more than they get off a cascade and a contagion. Will be able to compete in a can do it initially way the truth of the 1230008 much less much worse than that much much worse because in the 2000 make me cry surprise the rhesus response a response based on interest by banks such as what president is well in jest to do in 6716 or 17 trillion of money into this in some of them on any and into the whole point was that that this would and the hope was that this would create a great broke p. D. Group brought in tarot extendable to rack up a bill to pay down some to bad pay down some debt but at end but instead the banks simply took that money order to get it back on their own Balance Sheet so its that much money and hoarded it on their own Balance Sheets and they in turn did not lend it out into the economy they did not create any and they in turn did not lend it out into the economy they did not create any meaning in communal g p d p and in fact and it opened for in fact live over to convert on insta me the account on me and 10 times greater than i do that then benetton 2002008 so in that debt so i bought the debt bomb is exploding and the fed is desperately trying is exploding and the fed is desperately trying to kind of cover it in the in the republican market. Which is which is like try trying to put a plug. In california with a squirt gun so the final settlement of a transaction for me with a squirt gun so the final settlement of a transaction that thats cash thats gold thats thats thats cash thats gold thats big coin theres no counterparty risk these people in the Financial Markets do not want big coin theres no counterparty risk these people in the Financial Markets do not want to swap that for any instrument which was a counsel to watch parties that were for any instrument with a Counter Party were seeing a huge run on the counterparty market nobody wants any any seeing huge run on the counterparty market nobody wants any any sort of instrument with the counterparty it would seem during the 192221 recession the decline in the Monetary Base eventually made it into the broader money some sort of instrument with the counterparty it would seem during the 192221 recession the decline in the Monetary Base eventually made it into the broader money supply in this cause a significant drop in price levels between 13 and 18 percent during the reset in this cause a significant drop in price levels between 13 and 18 percent during the recession with wholesale prices dropping as much as 36 percent this is not action with wholesale prices dropping as much as 36 percent this is not yet filtered into the market perhaps it might not but at the moment even though its down more of yet filtered into the market perhaps it might not but at the moment even though its down more than i was in as in 1920202020 extension 21 if then the if not tomorrow the mining then led unless i mean since a service debt is available and could trigger mass to fall this debt is. Good. Its the fault all its not of cash becomes scarce and suddenly you have a situation really whether you have a situation where the festival yes and to be i mean the repo market like like a house has been over the last couple of weeks just to keep the system going right its just about to get sick that its got a hole in the right start going back to 2008 when this all started this is why pundits like peter schiff got it wrong because he was calling for inflation but this is why pundits like peter schiff got it wrong because he was calling for inflation yes and People Like Us and people. Are men who were and. This is if were saying no this is deflation and. He said it either is it is a. Sort of. Oppression where prices collapse. This is a lot were up to and. This was what were theyre facing now thats what theyre suggesting of course this is the. Problem probably the highest percentage increase and most. In the entire charts chart starts have been going to be in the getting of the fed that that did happen in 2002009 perhaps they they saw a different outcome that you 1002009 perhaps they they saw a different outcome that didnt well there was a bail out and it wasnt put into the economy they bailed out the creditors didnt know there was a bailout and it wasnt put into the economy they bailed out the creditors thanks to barack obama who made that 180. 00 degree wrong strategic the choice thanks to barack obama who made that 180. 00 degree wrong strategic to choice and set the country in the course of epic failure thanks obama and you see the country and of course. Epic failure thanks obama as you see by the way that i got rid of that fighter that was climbing down here i think it was left over from. The by the way that i got rid of that fighter that was climbing down here i think it was left over from. The a. N. C. Bitsy spider marks more of that coming your way. The a. N. C. Bitsy spider marks more of that coming your way. After the break dont go away. After the break dont go away. You know we all take the language that we speak. You know we all take the language that we speak for granted its like the air that we breathe we dont notice it and in fact most of us believe that we simply pretend its like the air that we breathe we dont notice it and in fact most of us believe that we simply perceive reality the way that it is in fact we know it or men are seeing it was a reality only the way of spirit is in fact we know it through many years of psychological experiments so thats very far from the truth we dont see things just the way that they are instead of thats very far from the truth we dont see things just the way that they are instead the world that we the internal world world events hold that we constructed by the internal world we live in its highly constructed by the structures of our brains but also by truckers trying to present alarming brains and inspiration but also much so but arrives at the structures at the front of languages and cultures that tell us how to put things together was how to put things in the sense of them. Well ok back to the chaotic us very bad or is there an report on nice guys or well were nice guys or are well fortunate indeed are. In the studio with indeed to have in the studio with us in person david morgan of the morgan report david wealth us in person david morgan of the morgan report david welcome back starts were being paid. Off so what do you i am paid to start what you got thats a dollar a minute there i would. Say with those of sales people rebuilt even though a dollar is a weight it is a way of so over the theaters theres somebody with one of the 1. 00 to. Bring things in the in the united form that even the silly roof which is about of silver which is about 3 quarters of a troy ounce so the treasury got it right woodward leaders a bit of a detroit so the treasury cant even get it right when theyve been the new dollars thats a dollar on them says 1. 00 its a 4 new dollars that dollar on them says 1. 00 its a 4 ounce which is actually about a 25 percent gain around silver so that even though its a wait its actually about a 25 percent gain around silver so that even though its a wait but lets lets get it thank you so much and cherish this now let it but lets lets get it thank you so much and cherish this now let us proceed as where you want to do i need to pick your brain and proceed as where you want to do i need to pick your brain you know youve been in this business a long time weve been doing shows together for a long time when you know youve been in this business a long time weve been. Doing shows together for a long time worst of the worst or so all the remember remember oldest son told us 2000 dollars 1000 dollars was. The feds repo operation. But gracious christians are saying in the police and increase in size and scale should we be alarmed at whats going on we dont know exactly should we be alarmed whats going on and we dont know exactly who those are actually but its obvious there are some insolvency theres banks going to those actually but its obvious there are some insolvency theres banks going to liquid the need to borrow and no one wants to go to the discount window of the fed for the liquid they need to borrow and no one wants to go to the discount window of the fed for the borrowed money of last resort means something is drastically wrong so lets impact on the bad guys that are not borrowed money of last resort means something is drastically wrong so lets impact on the bad guys that are now the worst is saying theres an insolvent thing somewhere in the system and so one of our son is saying theres an insolvent thing somewhere in the system and so why would and they dont want to go to the discount window went so explain more about we said what this is all my wood and they dont want to go to the discount window right so explain more about why he said what this is all mean banks so theres an overnight lending rate and thats basically banks so theres an overnight lending rate and thats based on bank to bank so every bank is required to have a certain reserve of them bank to bank so every bank is required to have a certain reserve of cash on hand that they dont require here beyond the you know what they have me off to bed are over not hard to meter but that they have to borrow overnight to meet this the law thats a regulation thats a sense that a certain reserves based on civil law into law thats a regulation thats a sense that a certain reserves. Based on how much youve lent out in that some sort of. Bank and some reasons are. Banking on your own reserves are there its to maintain your ratio per law correct right seller got it so do the ratio per law correct right seller got it so to meet that requirement if youre sure you go to another bank that might have an excess and they can loan you that money overnight and you pay a small interest for that loan meet that requirement if youre sure you go to another bank that might have an excess and they can loan you that money overnight and you pay a small interest for that loan and then the next day theyre going to say that theyre sick squared or some life goes or goes sour. How it however. If you cant find a bank that will loan you the money you can if you cant find a bank that will loan you the money you can go to the fed and say at the bar of last resort hey i need to go meet my of the for reserve requirements i mean the big money that over and about are a lot of thats kind of sort of telling hey i need to borrow to meet my reserve requirement loan me the money overnight well thats kind of telling the system the best they can says the cement last ard. But then that system at large that i dont break wont to me because i know the truth. Well maybe he sees because of money because i really dont trust the bank that needs the money i have to go to the Federal Reserve to borrow it so it puts some caution have to go the Federal Reserve to borrow so it puts some caution in the system because people who are the big thinking systems to be wondering wondered why. It is this does this bank get rejected by every other bank to borrow i have to go to the fed bank get rejected by every other bank to borrow i have to go to the fed so its sort of the walk of shame to go that ask the fed to borrow money when another band so its sort of the walk of shame to go that ask the fed borrow money when another bank or other banks wont do well and this is happening again and again and again as you will encounter other banks wont do well and this is happening again and again and again as you will memory need to get the same message that we need to extend and i felt like them very day that we get the same message that we need to extend and so now your feeling is that this pertains to one institution and now your feeling is that this pertains to one institution. That theres no doubt that. They hadnt decided that bad interest alabama loan trouble. Getting out of. And saw insolvency i think could be good as this is material in a way because all these leaks but banks are in some stress are completely in or can connect that which which means if it is that is just one they just go and it goes fall falls the senate has the senate to that its to that it for the or the its. Its eckstein the theyre all theyre all interconnected so it could take a door should be going down or like lehman all interconnected so it could take a door should be going down or like lehman where you see this interconnected this of these Banking System where you see this interconnected this of these Banking System large start to fail one goes down a bit of one who probably took everything with it it wouldnt go back to urge start to fail one goes down a bit of one who probably took everything with it it wouldnt go back to the thirtys or critics but it was a very big bank and we really thought much of it down and off thirds of critics but it was a very big bank and we really thought much of it down in austria but that was actually the 1st domino view of the system right and then and Lehman Brothers of course true but that was actually the 1st domino over the of the system right and then and Lehman Brothers of course in 2008 was kind of the domino theory. 192021 there was arson 2008 was kind of the domino theory. 192021 there was also a similar kind of collapse and. Also a similar kind of collapse and ill talk about base money for a 2nd the base money supply has declined by over 23 percent since 20 thought about base money for a 2nd the base money supply has declined by over 23 percent since 2016th this is by far the longest and deepest decline since the fed was saying this is by far the longest and deepest decline since the fed was created in december of 203913 in the in the foyer in december of 203913 the inflation deflation debate could be resolved soon and the winner could be deflation and deflation debate could be resolved soon and the winner could be deflation ok so. The basics when i said one apply supplies been ive been. Caught out in 236 percent 23 percent 201626 and thats the mr klein on record. And asked if the fed was created as the client on record since the fed was created what does that mean what does that tell stealth well it does or does it in the could could could could be few dealers she finished as an instrument of their start their career started the publics routine served her good and more of an. Influence or good i was more of a deflation is that inflation i got turned around so 4 years ago because because jim did a study of this i got turned around some more years ago because because jim did a study of all non backed currencies and everyone in or did excuse all non backed currencies and everyone in there and did excuse me in inflation but if you go back to earlier in the gold backed currency like we had nothing in inflation but if you go back to earlier in the gold backed currency like we had in the thirtys it was the liquidity in depression which is a depression i dont rule the reasons the liquidity in depression which is a depression i dont rule out early top of our affiliate but i think it fits and its a lot of the in game will go go that direction well it in the point here is that there the base money is the gold in the system today the point here is that there the base money is the gold in the system today right and so using that analogy. If in fact the basement right and so easing that analogy. If in fact the base money stays declining rapidly and you have an initial incident that. Distressed rather messer many many instances it is instant and then enter and then distress and s. And they can. 8 that there were made by romans require and its from a set up for some. Its a set up for some defaults you know theres built in the system as you and stacy will know its you know theres built in the system as you see will know that if you cant pay a bond and you default on it Interest Rates will start shooting that if you cant pay a bond and to default on it Interest Rates will start shooting up which means the value of the bomb comes down drastically like what happened in 1000 maybe one blow up which means the value of the bomb comes down drastically like what happened in 1000 maybe when booker was in charge which is hugely flay sure i mean think about Interest Rates go in the temple who was in charge which is hugely flay sure i mean think about Interest Rates going to 10 percent no one can beat their debt obligations from the government side and youd have accent no one could beat their debt obligations from the government side and youd have a huge deflation in the value of those bonnes and so i dont again dont rule huge deflation in the value of those bonnes and so i dont again dont rule it out i think its still a debate i think its still open and i think its to one of the other side of the inflation i think its still a debate i think its still open and i think its to one of the other side of the inflation deflation cawing is something called hyper inflation right send otherwise its not all deflation cawing is something called hyper inflation right said otherwise its not all. Bad africa goldens and so its over and our investors theres to have to have deflation nation if it means if it means you have to have a currency collapse correct and so weve seen currency collapsing all over the world gold made new all time correct right and so were seeing currency collapsing all over the world gold made new all time highs against just about every currency in the world except the u. S. Dollar and were already seeing eyes against just about every currency in the world except the u. S. Dollar and were already seeing currency collapse right now and it is benefiting gold and silver. Sakhalin the further your porch collapse right now and is benefiting all thats all or exactly in the further your point if you read the golden concent by professor jester him his whole point is the goal but if you read the golden concent by professor jester him his whole point is that gold is best and deflation have taken into account that would be most of the study had to do with the gold as best it deflation have taken into account that would be most of the study had to do with the gold backed currency in most of the sectors of the study but nonetheless its a good bet currency in most of the sectors that the study but nonetheless its a good point to keep in mind inflationary depression a delinquent depression arent that much point to keep in mind an inflationary depression a deliberate in depression arent that much different and once you lose faith in the currency altogether you just absolutely different in one you lose faith in the currency altogether you just absolutely dont trust it at all and in a debt liquid in depression currency becomes valuable that you dont trust it at all and in a debt liquid in depression currency becomes valuable again then people of course trust it so you can start the system morally my belief and then people of course trust it so you can restart the system morally my belief the liquid the pressure of sex more and more of that Inflationary Pressure right because the bent the liquid the pressure of sex more and more of that Inflationary Pressure right because the bad guys get spanked for having incurred such ball and guys get spanked for having incurred such ball incursion turned into. Banks and bang their extent is never just going bank account kept alive through. Nations of the fans and this and this type this type of thing and they both need to be paying it off and they need to be honest zachary need to be punished harsh to some of them are some. You know for me there me i didnt use id go years before you know theres been other than an item an ideal deal socialist you know its actually explain to me the right but this is 6 meters and go some right to fail just to see these goods is also the right to fail and if these guys write bad loans or do the wrong thing they should be punished i mean the markets should be able to work both went bad loans would do the wrong thing they should be punished i mean the markets should be able to work both ways thats why obama should have bailed out the debtors not the creditors right. Thats why obama should have bailed out the debtors not the creditors right sunny why Celso Macleod of gold money dot com recently suggested anyone that could sustain an ounce out as the pentacle 1000 of gold money dot com recently suggested that china could soon announce it has 10000 perhaps 20000 tons of gold is this crazy as a possible what are your thoughts on perhaps 20000 tons of gold is this crazy is a possible what were your thoughts well you know. You know i dont we dont. Get to do and were not open for prescribe a great talk still and then i dont think its crazy i dont want to go easy on me but then i dont know if the economy is one of the question we should be but they have to answer and there is no one route through because the question with their answer is no one really know oh noes ok look at the but the Prime Minister is there that has been sick theyve been fairly secure relatedly. Goal stockpile of gold as kind of the nickname killer ocular an option again against dollars in the us a dollar if this trend you need to acknowledge the chance and ago that if this trade talks of china go badly china can wipe out this Nuclear Option its a bad look we had he actually got to try and finish 15th and wipe out this Nuclear Option and say you know what we actually got 1015000 tons of answers and then go and dollars now finished and were going on. Were gone to russia and somebody else maybe are going to go to a cold back and see you know forget it youre toast and somebody. Maybe you are going to go to a callback are saying you know forget it youre toast but one fine point very well bill went out the fight and point to the matter of. This amount of gold that china is asking iraq to get in or were all in they were quick question at the amount of well in the way with. The amount of gold what has happened is its asked specifically how much gold is held in that bank in china i think it is its asked specifically how much gold is held in that bank in china and they could give you the answer instead of asking the correct question which is how much gold everywhere interview the answer instead of asking the correct question which is how much gold everywhere in china is held under the. They dont help muster thats the so you know in a shame they dont ask that question so the chinese are actually answering a very exciting to see the questions are going back and variously explicit way and they sort of know if its no or an explicit question very explicit way so no one really knows the the amounts because it wrecks the report everything theyre reported whats asked really knows that the amounts because they dont rex to report everything they reported whats asked for the biggest gold miner in the world. Probably and do we ever see the biggest gold miner in the world problem and do we ever see a golden gate with a chinese stamp on it or will the museum bow the gold and get all the chinese stamp on it or will the museum bow to ensure that might allow the export of it only if export only to see if there is or so their true friends will break through plus their boss bother buying everywhere exactly and everywhere there they buy. Or and they buy official reserve number their number 2 or 3 thing and or number their number 2 or 3 things and they could easily be number one on a stealth stealth basis agree to be number one on a stealth stealth basis. China from china they couldnt do it for now as a more public about a month or so old holding secrets but theyre not even more public about the Gold Holdings but even so they seem to be opening bring their car come on oh no sim to make mix Asian Countries because of entries a bit to do maybe maybe to telegraph that that is at this comic this ng economy they may thing in 58 days into deep depression to write to pressure us you know were going to start to leak information into the marketplace thus you know you actually know were going to miss start the leak information into the marketplace that you know we actually have a little bit more than you than you thought no actually its quite a bit might a bit more like theyre playing tennis playing the Scott Mcadams game entre trade that does this trump would busy understand that like would he even did a trump. Would busy understand that like would he even does he have the intellectual chops to understand it like if if somebody came to him and said you know what china because you have the intellectual chops to understand it like if somebody came to him and said you know what china could you know now theyve got 1520000 ounces im sorry tons of gold you know now theyve got 1520000 ounces im sorry tons of gold what do you know what that means i would have to it would have to explain that i would probably would be or lose would he know what that means or would have to do would have to explain that to him or you probably would be or lucent decent to whom he would go more in my view but no no but. He wouldnt need the details to make you know correction is going to be. Corrected from disillusion to them. Could be the pearl harbor of the 21st century its possible. There could be a while arbor of the 21st century its possible that there could be a while. So last precedent in. An over where there china over there that. We china should implement block change technology the economy shoot them again as a lens people are actually destroying the technology across the economy again is this part of the disintegration of the us dollars a weapon as Global Financial grid so president you sheet aggression of the us dollar is a weapon as Global Financial grid so president you she of china you know theyve been flip flopping back and forth their command say you know actually with of china you know theyve been flip flopping back and forth their command say you know actually we like block chain block chain is a threat to korea brad sherman in california to throw like block chain block chain is a threat to korea brad sherman in california the threat to the dollar not china saying wed like to. Not touch i think we like lots. Yes i think part of the whole crypto thing is in the because probably the prime igs the whole. Thing the thing is for in the because probably the prime example has to do with the cast of society i really think thats the big move for the bankers i mean walk as a society i really think thats the big move for the bankers i mean while the people that people really get to make relax to make stepped up and been politic since and thats ok with being i let people people to be something else. But i loved but i was subs live show that a supply that i promoted most the moment most of my talks these these days theres nothing that has it had to do with do the movie. That movie it shows your peers in that movie or movie goes in the pyramid and is in this pair the middle as a political class. Theyre everywhere thinks this is a big big League Leaders they seem to want to see him on t. V. T. V. Hes got the go to get this because our as paul how our all that but above that it is you that are either your or your. But you big big corporate peroration some takes you back to the Movie Network where i forget the characters name but he says theres missions and takes you back to the Movie Network where i forget the characters name but he says theres no chime theres no and theres no. Because it was. Through the room and he and this is the truth is the truth of the bed in a boat out of that is youve got the bird as usual because. A bucket of thats about your vendor thats your best investment. That. Theyre going to pick up in a 2nd segment if you can stay im going to leave 2 for dance but im going to pick up in a 2nd segment if you can stay dont go and leave till 4 dont spend on your chair we want we talked about that in the beginning david but were not sure spending all right and im sure we what we were we talked about that in the beginning david but were not sure spending all right thats going to finish edition of the kaiser if you are with me thats because guys are dinner f. And theres a stage to see the cover and i want to thank mark are with me max kaiser and Stacy Herbert i want to thank our guest david state of the men are going to catch us just on twitter at ice kind of a nice part 3 parts are nice. Leg length. Lens. Leg. Length. Slug. Alone welcome to worlds apart the limits of my language mean. Alone welcome to worlds that are the limits of my language mean the limits of my world for those who love them all sorts of my for a little of the love it also for luke and civics that. I had set out in new not 9000 and went into a while then the following century of blooming linguistic studies have only confirmed that while in the following century of blooming linguistics studies have only confirmed that if our language is indeed shapeless as much as we think we shape them if our language is indeed shapeless as much as we think we shape them do we ever really speak our mind well to discuss that im now joined by letter but i didnt ski do we ever really speak our mind well to discuss that im now enjoying. By letter but i did speak associate professor of cognitive science at the university of california san diego professor also a professor of cognitive science at the university of california san diego professor but its a pleasure and honor to talk to thank you very much for your time thanks so much for having us aboard its a pleasure and honor to talk to thank you very much for your time thanks so much for having me now i know that you have long been studying the relationship with the mine now i know that you have long been studying the relationship with the mind the language and the world around us and i think you come to some very humbling conclusions that the language and the world around us and i think you come to some very humbling conclusions the as much as real like to see ourselves as the masters of our thought and our board of as much as real like to see ourselves as the masters of our thought and our boards it works in the opposite direction to our language shape its it works in the opposite direction to our language shape our experience in some very profound ways how does it work well our experience in some very profound ways how does it work well of course we all have many years of experience speaking a language and we absorb of course we all have many years of experience speaking a language and we absorb so many habits and so many important structures from the language each human language so many habits and so many important structures from the language each human language is exquisite and they structure there about 7000 languages and all of that experience of speaking a language hearing the language around you trains your exquisitely structured there about 7000 languages and all of that experience of speaking the language hearing the language around you trains your mind to my find to focus on can do something something not. Not just the person always been an intention. Centered it said of things you could notice about the world you could potentially try to remember about the world and one of things you could notice about the world you could potentially try to remember about the world and language streamlet us to think about only some of those things to find for which crashed and remote only me that and to think about only some of those things to focus on only those things that the people before us who built a language over many generals things that the people before us who built the language over many jenner