Here on. Max kaiser this is the kaiser report to globalization big dollars ation you know its happening as the world is kind of drifting apart in a lot of different ways we look into it because theres an Economic Force behind it as always stays Max Santa Claus is coming soon so you know what that means its a season of make believe that some fat guy is going to fly around the world on a with a reindeer is them put some presents down our chimneys and make believe is becoming very real i notice around the world. We have now in the past week or 2 you know down tampa said that argentina and brazil where were going next week that they have their currency manipulator and so he slapped some tariffs on their steel and aluminum or as the brits like to pretend its pronounced al many m. Theyve some tariffs on that at a minimum that not english they cant talk good right so this tit for tat tariffs and it claims that theres a currency problem you know that their currency that theyre driving their cu
I am max kaiser this is the kaiser report to globalization big dollars ation you know its happening as the world is kind of drifting apart in a lot of different ways we look into it because theres an Economic Force behind it as always stays max sensa claus is coming soon so you know what that means its a season of make believe that some fat guy is going to fly around the world on a with a reindeer is them put some presence down our chimneys and make believe is becoming very real i notice around the world. We have now in the past week or 2 you know down trump has said that argentina and brazil where were going next week that they have their currency manipulators and so he slapped some tariffs on their steel and aluminum or as the brits like to pretend its pronounced alan many m theyve some tariffs on that at a minimum that not english they cant talk good right so this tit for tat tariffs and it claims that theres a currency problem you know that their currency that theyre driving their
Idea that the u. S. Is going to slap tariffs on only encourages more to it for tat trump also said hes looking for the Federal Reserve to take Interest Rates negative which is confiscation by any other means remember back in the thirtys the u. S. Confiscated gold tromp is into confiscating peoples savings right out of their account just taking it from their accounts using negative rates well the notion that argentina one of their currency to collapse by over 50 percent when they just took out a 5060000000000. 00 loan from the i m f in u. S. Dollars not in their peso is absurd because that doubles the size of it in real terms for them and terms of how much they now have to pay back so hes just basically punishing somebody whos already in precarious situation speaking a precarious situations a negative rate here is the headline where. The real you know weve had make believe for so long and that its becoming more and more real that were all just going to get lumps of coal the dallas fed p
A make believe for equity swap yes right remember in raiders of the lost ark where he swapped a bag of sand for the Golden Nugget on the pedestal and then the big boulder came to chase and this is whats happening in the markets are replacing equity with a bag of sand or nothing and another big boulder of massive debts coming to chase them down the corridor and heres some more make believe we you and i saw this in belfast back in i think it was 2012 when the g 8 conference was there and member their economy was wrecked and they had to put up Fake Store Fronts well heres from the wall street journal some empty storefronts on 5th avenue or getting dressed up for the holidays a creative solution during a critical season for the Retail Industry you know retail space there are so overpriced that even giant corporations are unwilling to pay it and so the stubborn a standoff between these lease holders and the retail outlets theyre all empty so in order to create the illusion and continue havi
A big issue for economy well thats true as anyone knows that weve been saying now for years that you cant cure debt with more debt they have some mainstream economists like paul krugman that says that that is completely meaningless but even the interest on this meaningless that is now bigger than the you know arent comparable to what money is spent on defense so its become a problem and a lot of the debt by the way in the United States right now is corporate debt theyve incurred 3. 00 trillion dollars in debt to buy back 3. 4 trillion dollars with the shares so youre swapping the real assets of the company for the make believe which is debt reduced actual assets its a make believe for equity swap yes right remember in raiders of the lost ark where he swapped a bag of sand for the Golden Nugget on the pedestal and then the big boulder came to chase and this is whats happening in the markets are replacing equity with a bag of sand or nothing. And another big boulder of massive debts comi