And ps up 100 percent goals up over 40 percent that big gap is bigger than amazon and particularly in other currencies like brazil for example an ounce of gold was a 1000 realit believe it beginning of the cycle now its over 90000. 00 right so another every other currency but the u. S. Dollar gold has been screaming dot com like success and its also been a success in u. S. Dollars and thats going to continue now as we enter 2021 with the beginning of the 3rd leg of the bull market that started at that time in 2000 weve had the 1st 2 legs the big up what leg peaked in 20 live in that we have kind of a 2nd leg which was less dramatic and the 3rd leg is the most dramatic and hyper moved toward a much higher price to 1st like peak here in 2005 and then the 2nd leg peaked in 2011 and then this should be the 3rd leg 6 3rd legs of any market are always the parabolic ones so get ready for that. Of course this is down where gordon brown sold all of britains gold and remember we talked about that last episode of course also since 2000 you can see something in the charts and again correlation doesnt necessarily equal cause ality but one does see and charts around the world particular for the us that the us empire is the climbing since 2000 and you see the rich tear away from the rest of the u. S. You know citizen the top 0 point one percent im particularly have just run off of everything since you know 2000 since the introduction of the commodity futures modernization act in the end of last eco and then 911. 00 which allowed the theft of chileans of dollars from the Defense Department and chileans war from the fed reserve by printing money for them so youve had that kind of the decline the beginning of the science at the decline of the u. S. Empire and so that gold accumulation than gold the rise in gold prices is also due to other nations as weve covered extensively over the past few years russia china other countries turkey hungary polands just repatriated their gold from the bank of england germany repatriated their gold thanks to us from the new york fed so youre seeing these nations accumulate gold and heres another thing we pointed out at least 3 or 4 years ago and this is treasury secretary steve was in the news u. S. Treasury minucci and says if we are not careful with sanctions people will start using other currencies and there is no other currency money more solid and with a great history than gold so the paper bugs call them really a moment back when gordon brown the chancellor of the exchequer in the u. K. When he was that that role sold off half the countrys gold around to 2 and 50. 00 an ounce they actually believe that having that rolling that over into treasury bills or paper was a superior idea that of course even if youre only getting half a percent. On your paper treasury paper is better than getting any return the goal well since the time weve seen actually paper going to make it of rates in europe so they are making of rates obviously or the last even a 0 percent rate and the appreciation of gold against all this paper money would also make that argument quite dead on arrival because its outperforming all these other paper assets yet but as we have said the u. S. Weaponized and the dollar weaponized in this which sifts the swift system that that would cause you can only use that once perhaps twice and ease it twice youre gone or this thing is youre not going to be able to come up the turn of stephen utian is now agreeing with us hes obviously watching for it this is what hes been doing because hes obviously saying this publicly when we said it we get called like bad names but here steve is agreeing with us so weve been proven right on that again you know switzerland by the way also you have to look at that chart of gold versus s. And p. 500 everybody in the Mainstream Media things switzerland is so genius to sell all their gold theyve sold a lot of their gold and one of theyve been doing buying s. And p. 500 essentially theyve been buying stocks and as you see they would have been Better Holding on to gold and heres a tweet the fed is printing money like its in the depths of the Global Financial crisis is dealing with a liquidity crisis like 2008 but mystified as to the cause the feds panic at this point in the Economic Cycle may hasten the unwinding of the imbalances its so desperate to maintain hash tag got gold thats the fed Balance Sheet and its increasing at the fastest pace since the financial crisis as you know they announced Something Like 454. 00 engine 60000000000. 00 in new repo action over the last 2 weeks of the year i dont understand how they can say they are mystified why the repo market is flashing these are the signals of distress 1st of all you would think that they have a handle on how the system. Work and how they are implemented and to suggest that they are not sure how they work or how they are implemented seems like a bit of a problem number one number 2 i dont think there really is a mystical reason why the as you point out all the liquid assets are being killed for being siphoned out of the system so in the short term front there theres nothing there because theyre being siloed theyre being siphoned off and put into assets elsewhere offshore or in illiquid assets like 200000000 dollar flats in in new york or theres 150000000 dollar house that was just bought by Rupert Murdochs son in los angeles so that money is down dead money is dead now for 100 years of stuff were going to move from well one should never fight the fed and thats what he theyve trained certainly a certain class of People Living in new york city in los angeles looks like q e is more likely to help the Financial Markets than the real economy germanys benchmark index decks hit almost a fresh all time high this week shy just 200 points or record despite another profit warning from henkel as e. C. B. Balance sheet hit fresh record this week at 4. 7 trillion euros so the real economy in germany which is a manufacturing powerhouse which is an industrial powerhouse and you know very huge creditor nation their economy in the real economy is definitely slowing but their markets keep on a tear they just keep soaring and it just matches exactly the money printing from the e. C. B. And money printing from the fed well this is profitless prosperity right there you dont need companies dont need to show a profit for the stock price to go higher. And so theyre taking full advantage of the they are simply allowing the environment of a higher stock price which of course means higher options prize which of course means higher compensation packages for executives which of course means a greater transference of wealth to the upper one percent the one percent to continue unabated why would they stop that even though the companies themselves are not part of the profits are shrinking and the probably lot of although if you adjusted for stock buybacks are making no money at all here is another dont fight the fed headline this money printing thats ongoing and yet you know we started with the gold outperforming the s. And p. 500 over the last 20 years but here is the fed trying to prop it up in fact the boston fed chair rosengren just recently said that the feds going to basically stop ignore inflation and theyre just going to focus on asset prices thats now part of their mandate so this is their intention theyre successful so they could actually say well were successful at maintaining property prices and equity prices those are keeping up so were successful because we cant figure out how to manage the rest of the economy but were managing to prop up these prices here is good morning from germany where housing boom continues despite political interventions euro pace german new homes house price index hit fresh all time high in tandem with record e. C. V. Balance sheet over the past decade average house prices have risen by 70 percent in germany equivalent to an annual return of 5 and a half percent right i dont understand the statement because theyre saying oh were going to focus on asset prices now but thats been thing theyve been focusing on for 20 years surprises its not new now this is all their policy according to suckle bankers whether its Alan Greenspan or or whomever has been to make an artificial rise in property and stocks their mandate. The sacrificial lamb that must be sacrificed on the altar of giving Hedge Fund Managers shut manhattan or wages if they should say were going to focus on the wages because thats whats been lagging behind us of prices to say that were going to focus on asset prices after weve left wages behind for 20 years is putting the cart before the horse is complete opposite of the reality situation what they should be doing well max they do focus on thats what they mean in Inflation Numbers inflation they dont care about the inflation of property prices they dont care about the inflation in all the Real Services you need Like Health Care rental property prices education prices car all the things you need to get around in life and have a job and participate in the economy they dont care about that inflation the only inflation that the fed ever is concerned about is what the theyre all of arcs they represent worry about and thats in the ordinary peasant the bottom 99. 9 percent should they ever increase their ways to mans that will cause and Interest Rates to go up to 20 percent again like paul but in fact here is Deutsche Bank Deutsche Bank says the price of Health Insurance is currently growing at an annual rate of 20 percent thats inflation that they should want to stop right but theyre not this is what they want because of course their member banks of the Federal Reserve the j. P. Morgans the Goldman Sachs the bank of america the citi bank all of those banks they own this is them fire economy the 5 finance insurance and real estates thats what they want going up they want the rest of the economy going down so even more relative to them theyre growing even bigger but some of the way to wages is to say well wages when you look at it in terms of inflation so if you understate inflation by 7 or 8 points then you can say well wages are keeping up with inflation you see in. Were doing our job but if they were to state the true rate of inflation of 9 percent you need wages to rise 8 or 9 percent and. Thats not going to happen well were taking a break when we come back. Imprisoned. In a 16 year olds 16th birthday party. And the place just a lot of pressure. Close. To. One. Right next to. Me for. My. Blue monday. Former. President ial candidate the future of the u. S. And the world. This election cycle. Every week. Student. Was money. Running. Exclusively. It is a long held tradition on cross talk to take stock of the year that is about to pass we have a look at when we moved us what changed and what gave us concern 2019 the good the bad and the. Welcome back to the kaiser report im asked guys are time now to return to our conversation with Robert Wilson hes a private Equity Investor you live in rio for over 20 years robert welcome back to be here this gorgeous out the window here what area of rio is this this is this is a residential neighborhood primarily but its also a neighborhood that has the federally a person of the federal university of brazil a bit of rio who is here to tell me the state is that a 2 bed 2 bath place theres about 800. 00 is that correct thats about right but thats also very expensive for brazil right lets dig into some more of these Interesting Data points and brazilian economy the lets talk about immigration whenever you travel around the world in many cities like london and miami but as there is you find Many Brazilians why do they not have a similar influx of immigrants here should they encourage that 1st i think yes they should encourage it. To its not encouraged because its not part of the politics that centers on the idea of transforming brazil in rio into a technology and science juggernaut and i think that really is the future that the country needs to focus on amongst other things obviously but i think technology and science is the key to the future for the country. And part of that issue is immigration and theres a study that you may have heard about this theres a study out of u. C. Berkeley that looked at startups in the Silicon Valley from 1905 to 2010 and of all the start up companies they looked at over 51 percent were started by immigrant founders. So if you dont have immigrants even in the United States the Silicon Valley doesnt exist so immigration is a key to transforming any nation israel is also a perfect example i mean israel is despite the fact that you saw whats its jewish its jewish religion but the fact of the matter is its a multicultural approach to technology and science in israel people all over the world have come to israel to create israel and i think we can do that here i think we can give people more of the world to come here and transform this country in this city in particular into a juggernaut for the grand challenges facing mankind in the planet that have to do the grand challenges facing mankind and the planet. Thats a very big and noble aspiration you know its a prop are the problem one of lets call it laziness in other words you can also make a buck just chop down more rain forest which is relatively easy to do and theres a big demand for that what most people think of brazil they think of the Amazon Deforestation has expanded rapidly over the years should the forest be chopped down and sold for toothpicks it doesnt make sense environmentally what about economically it doesnt make sense if you economically either its a one time shot that will go away and theres been basically no benefit. We dont need more land for farming we dont need more land for crop growth or brazil has plenty of land for that as metaphoric its not even you know fully bridge built out in terms of agriculture of an infrastructure they dont need the amazon rain forest to do that the rain forest is much more valuable as long as it remains untouched. And thats part of the challenge i mean obviously we have people who dont believe in Climate Change these days running things so its its something that has to be negotiated and can and you have to convince and educate people that theres more value there so i mean i think theres plenty of arable land without without devastate deforestation right sell salutes them why do it i think theres a bit of a monkey see monkey do mentality with respect to brazil as a developing country versus lets say the United States or europe is the developed regions i think theres an assumption that says well they devastated their rain forests or their old growth forests we need to do the same thing and obviously thats not the case its just like you know the scenario that everybody talks about the you know the Carbon Footprint globally and the only 2 Real Solutions that are put to the point of our wind power and possibly nuclear and i guess is a 3rd which is solar but those 3 are a limited bunch of options there are other options out there besides those 3 and i think that that that drawn wrong of basically breaking down barriers that have been explained imposed in brazil for years and just opening brazil up to the rest of the world is the key to the countrys future i dont think you can do that nationwide but i think you can do that within the small concerts of the state like the state of rio which is about a 1000000 about 17000000 people in the state or 11000000 people in metropolitan area here thats you know a little bit geographically about the size of israel so youre saying its an arson that is a notion from now the Natural Resources around the country from what i understand over 21. 00 trillion dollars or so to church 2 trillion dollar economy to break that inertia what about proposing Something Like you know potentially pharmaceuticals that can be developed from rain forest can be monetized and sold at much higher margins of profits in the pharmaceutical industry and makes more sense to preserve this as an asset you could sell forward 20 trillion dollars worth of assets as a prime. What a guy you know that is literally you can sell forward you can get a bond offer lets raise a trillion dollars and feature pharmacist suitable fund based on research and the rain forest and youre going to take 1015 years worth of profits from cutting these trees down put them in your pocket today and use that to jumpstart the infrastructure why not Something Like that is not something that people here think about why not darn it my theory is that Interest Rates in brazil have been so high for so long which has created a short term window of consciousness people only think short term and because of that we have not thought about the future everything is the next 6 months the next year at the max but if you think long term theres no question about the fact that the amazon and other biodiversity regions and brazil because there are more than the amazons available are huge opportunities for the country and thats where the country needs to be focused the country needs to be focused on its own new green deal for the country thats where the future of brazil should be we talk about china in the reprieve us up as we can drill down a little bit more into that is it more or less important than with the u. S. Or is most trade with the other south american nations how does china stack up with trade in other south american nations which is more and how would you characterize that difference between brazil and argentina because theyve been in both places that were beginning to sound both place sure what you want to 1st doesnt it want to we can we can we can deal with china 1st i think that theres no question about the fact that the the meat and potatoes for china today is brazil. So in terms of the amount of effort the Chinese Government is is foisting on the region the vast majority of that effort is going toward brazil and for obvious reasons because brazil is the big gorilla in terms of Economic Growth potential and agriculture and as they have trouble actually and also Natural Resources i mean the iron work company here volley which has had problems recently in terms of share price but bali was actually created. Post world war 2 to export Raw Materials to japan thats what its purpose was and so it has obviously become a global behemoth in the process but china of course took huge advantage of that are that iron own capacity in the late ninetys and into the 2 thousands and so its its now grown as you know to become a real power the one of the challenges is how what happens the countries like korea and china 30 years ago look where they were 30 years ago where they are today and look at where brazil was 30 years and where it is today theres a huge gap so i think that gap is in part infrastructure but its also in part mental theres a psychological barrier in brazil to that kind of change and i think the real challenge here is brazil needs to make a decision either to be a follower which its always done its always been a follower or be a leader and if its going to be a leader it has to have some dramatic and radical change right you know correct me if im wrong but just linguistically in portuguese they have a distinction between the arrogance of the on their a person and the arrogance that is associated with the monarchs refuse to be around this rice i dont know the details of this as they call it who babba soon bear bustle babba what is that suburban is the arrogance of kings and how that relates to the economy of brazil right now well its an interesting scenario many as you may know that the brazil was a portuguese colony and actually what happened is that napoleon is european aggression was so extensive that the royal court in portugal moved in exile to brazil the only way they could really manage brazil because of its size was to create what amounted to be fiefdoms that were basically partial doubt to the court the monarchs court that basically set the stage for we have today and we have a country. That basically is run by oligarchy. The debate here between the left and the right is really a false debate it doesnt make a difference whos in power politically if its the left or the right the oligarchy still run the show and i think thats the challenge that this country is facing i mean it the question is how do you open the country up when the in fact the oligarchy that control the country dont want the country to be open i noticed that in social media statistics brazil ranks and i think of the top 3 of the most social social media chatty blog its really amazing toss hard to understand i know that the arab spring going back a few years now i was caught at that time the Facebook Revolution it was right even by social media which bypassed the they the darks at that time to exactly mean is there a potential for Something Like that here well theres an argument that says that happened in the last election but in a way that is different than say what happened with obama on obamas kind of the 1st digital come you know candidate. Not it was a digital candidate. And in some sense his message which was you know basically. Do it with socialism exciter exciter and im not sure were the socialist brazils never had social im not even close. The oligarchy made more money under lula than theyre making under bill so now theres no question about that but i think that the question now is how can technology play a role too in some sense bluffer the power that the the centralized one percent of the population has over the other 99 percent i mean 95 percent of brazilians make less than 50000. 00 a year if you let that stat register it really makes you realize that the Wealth Creation potential the country is off the charts its just a question of structure and doing away with bureaucracy and of course the current government under paul good is it terms of Economic Leadership theyre trying to use you know a digital approach to dell. As far as the bureaucracy but its going to take more than that so its all very fascinating i think you are you hopeful that we have got 10 seconds are you hopeful for the next i mean im trying to raise a v. C. Fund now to take advantage of the occurrence which i work on the area for that i think its biotech biotech clean energy ok i mean obviously theres crossover with this will but well keep tabs on that robert thanks for being on the kaiser report my pleasure right well thats going to do it for this edition of the kaiser report with me max kaiser and stacey i would like to thank our guest robert wells and if you want to catch us on twitter its kaiser report its like 5 by. Little. Little. Little. Little little. Little. Little. And a very warm welcome to you youre watching us and. Join me every thursday on the alex im unsure when ill be speaking to get a feel of the world of politics sports business im show business ill see that. Today good and bad the bad news in the United States. The good. Lord in syria the cia and the u. S. Military were engaged in covert actions really throughout the world. Where they were assassinating populist leaders they were backing up right away military juntas funding an army of death squads theres no. More because theres always a small. Really good. Profit. C from the Global Chemical weapons watchdog cast further down on the lead. To this rally in paris for. Protest. Pension reform. And families of americans killed in afghanistan by the taliban sue us called. The terrorists. With us this is all to international. 4th batch of documents
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