Transcripts For RT Keiser Report 20180222 : vimarsana.com

RT Keiser Report February 22, 2018

Percent over the next two years to one hundred fifty thousand kilometers or more than ninety three thousand miles underground three thousand miles of the two years thats amazing those Chinese People are ready to rock n roll the twenty First Century high speed trains home of grandmas house is just two hours for the whatever home theyre delicious stuffed him so my guess grandmas got the best in time of all yeah so here we have you know americas needed an infrastructure plan for the last twenty years a lot of it you know some of the network actually has not been replaced for one hundred years if you look at new york subway system like the train under the hudson the tracks under the hudson they are one hundred years old so nothings been touched so this infrastructure plan that we have in america is just to replace some of the old stuff not to expand any sort of high speed rail like theyre doing here and remember that just. Ten years ago they had almost no bullet trains at all in china and here they have the Biggest Network in the world suddenly within ten years and were still twiddling our thumbs trying to determine whether or not we could afford it. Part of it is that Railway Building is local and you have to pay people big wages real wages not minimum wage to build stuff locally america has an economy thats been created by financialization of everything and outsourcing manufacturing to countries like china totally ignore asian just made that word up means to ignore something. Of your local infrastructure build now trump saying we want to do infrastructure weve got to go borrow a trillion or two trillion dollars for lew our biggest creditor would be china again showing his owning all the cards in the twenty second century in america cant even get from point a to point b. Because amtrak is just going to skip over the rail you cant go anywhere and interact with the railing every single day and try to do real good deals again because its junk well but we also have a plunder class so no plan no National Policy like china has an industrial policy weve come to that before we have d. N. A. Policy here and it is a plundering like how to plunder any of the assets that are there this is the private equity model it became popular on wall street while you were there in the eightys and now its our National Economic policy is to plunder as much as possible and you know a few guys get to keep it and then the rest gets you know whatever their needs are the plunder class whatever their needs are they just outsource it to china to make in the meantime vast fortunes are being made in china here we have even the policies that are being presented by Donald Trumps administration you see their original plans already kind of they were created by wilbur ross and one of the guy from the Administration Long ago like a few years ago and its basically a way to plunder because hundred billion dollars from the us gov. And just like that two hundred billion dollars said to afghanistan or iraq it just disappears it evaporates into thin air into the pockets the offshore Bank Accounts of some of these guys and then trickles down so of the two hundred billion dollars going towards the us infrastructure maybe two billion will make it to the ground to paying some laborers to paying for some tar for the makah dam roads out there for that you know thats thats all that will make it to the ground so theres a huge you know you have to throw a lot of money just to get a little tiny bit to the ground here because theres middlemen all along the way taking their cut you know same thing in the medical industry obviously it costs the most expensive any in the world because of all the middlemen the administrators the administrators of growing exponentially the doctors are not as same thing and infrastructure built so china is a state. Directed Infrastructure Project from the state america would like to bring in private enterprise but private enterprise unfortunately is unregulated there are no laws that apply to private enterprise of particularly in the financial industry so therefore the cost skyrocket even compared to the government famous five hundred dollars hammers that we hear about at the pentagon if you throw to private equity all theyre going to do is extract all the money and send it off shore so yes they are going to hear it on the private companies there with number one obligations to their shareholders or their investors and. Its way more profitable just to plunder like why actually the cost of buying the steel paying the workers finding the workers to lay the track to fix the thats like really expensive and time consuming we could just like throw a piece of old steel out there and hope it doesnt and the train driving over it doesnt and instead just take the billions of dollars we have the same system in hollywood thats why our films here cost two hundred Million Dollars because theres a thousand middle men many of them rapists apparently that theyre like that theyre like plundering that system our every single system in america is like thousands of middlemen just the Education System its now the cost of Education University has exploded like a thousand percent since you and i went to university because we have now a whole bunch more administrators not new more teachers not more professors a lot more ministers. I mean the United States at a state directed Infrastructure Project under eisenhower the interstate highway system which set the stage for the American Century we havent now put a man on the moon which would create an intel google apple i. B. M. You know created Americas Technology superstars but you know the government is now gun shy about doing anything for two reasons its broke and theres no talent there. Yeah you might say he was general eisenhower so a military man republican right wing and the highest tax rate at that time was ninety percent so it was you know a different sort of time and we were compete like we werent yet clearly the empire because that was after World War Two and you know. Britain still kind of had like the remnants of empire they still had some of their holdings but back in china here theyre you know their their infrastructure is like a quite amazing the numbers are amazing almost nonexistent in china a decade ago high speed rail has exploded with more than half of the twenty five thousand kilometer network built between two thousand and thirteen and twenty seventeen the plan is to expand it buy more. Than fifty percent by two thousand and twenty five with eight main bullet train lines running from east to west by twenty thirty chinatowns have another eight main lines running from north to south as well and actually the cost is very competitive thats why more people this this past Chinese New Year has just traveled by high speed rail rather than the conventional rail but you compare that to like new york city which has been trying to build that subway line through at the number two on for about seventy eighty years and it went like ten times over by and it was just like a mile long it was like hardly anything and it took years and so many layers of administrative you know like they went over the cross was a great article recently where they went over the cost of why it was so expensive to build in new york city and they had to have like three people who operated the elevator but there was no elevator there theres no actual there was a elevator a lift but it was automatic so there was nobody at that actually needed to press any buttons but they had to have them by law in these three guys that were elevator attendants who just stood there all day making one hundred fifty thousand a year. So thats not a very efficient way to run an economy that is for sure and so. Competitively this is you know weve put a. Price ok that was good on chinas not to concerned about that but yeah because putting a tesla into outer space makes a great extravaganza but those extravaganzas like hyperloop and the private sector is only going to deliver to billionaires like mosque who have no money to blow and sending teslas into outer space here China National you know they have the industrial plans they have five year plans they have they dont want to leave. The entire rural class abandoned because they know they have to include them into their economy to sustain and and maintain their position at the top of the Global Economic infrastructure so the. They need to include these people then and it costs you no money to bring them in just like western we had to bring in east germany and spend a trillion dollars here china is also a mercantile estate just like germany and they have to include all these people america where shes like abandon those people out in the rust belt out in the middle of america is like. Fend for yourself dude but i mean the u. K. Is kind of similar right the whole Northern Area the country they keep discussing should we build a railway to the north for twenty years including the people from manchester and birmingham and sheffield should we include them into our economy in london for twenty years ive been having this debate and theres still this Division Going on. The chinese are saying you know what were going to grow the economy by actually making it inclusive economy and Building Infrastructure appropriately yes so theyre basically there theyre bringing in the west and a lot of naysayers and the western world the western economy the likes of you know the. Academia economists from new york have always liked their plan for high speed rail but theyve been building across china saying the peasants will never be able to afford it but apparently according to the data from this past year that they peasants are affording it so it is actually becoming viable and people are using it because their incomes are going up because weve outsourced all our jobs there right maybe theyll build the stuff on the Railway System right here at the cars the report well dont go away stay right there a little break when we come back were actually going to go to china using the magic of television and talk with someone in china say right there. Hey everybody im Stephen Baldwin task hollywood guy you know suspects every proud american first of all im just George Washington and r. V. To say this is my buddy max famous financial guru and well just a little bit different im honest one good one i know no one knows up with all the drama happening in our country im shooting the road have fun meet Everyday Americans from the moment and hopefully start to bridge the gap this is the Great American troops which. Were similar from the sports to the least you know because in most of the snow more than one of them and so. Beautiful yes good good new books and the you know bush will say you know you put him over the im close but im his mother able to move to my idea of the oh my mother goes with the daughter and you know focus them. Certainly now will some day and some as a woman even spoke of the video of the dog to us so yes so youll see a little. Book of citizenship available with some of the feel of the month and showed some cool pulls to the police can you assure the people still the most of them so just to take a well what you could give that would just salute little for the nation as we see would you do you see just as most solace to me of some of the you know what if old media is a symbol to me so for. Politicians to do something. They put themselves on the line to get. The reject. So when you want to present. Some want to us. To going. To see what before we cant be good. Interesting. Question. Welcome back to the kaiser report imax kaiser time now to go to shanghai and speak with dan collins of the china money report dan welcome back a max hey dan let me let me ask you this the Trump Administration First National Defense Strategy a elevates china to its number one threat it claims that china practices predatory economics and calls for sending in the marines it sounds like what the frick is gallon on dan. Well yeah i heard i read that and i kind of looked at it to air it i call it economic and then military economically speaking china it is a neo mercantile its the economy we talked about it before theyre going to do bigger than your economic policies theyre going to set up their own Tariff Barriers i mean any try to import here something is twenty five percent duty export the United States its one or two percent so china does towards for its you know does what is it in its own interests japan and south korea did the same thing to United States for decades in less detroit in michigan hobbled in the steel columns of pennsylvania broke. But now when china does it chinas too big either is twenty chaneys for every japanese so now the chinese are such an economic juggernaut in terms of economic rivalry i think absolutely it is the number one economic rivalry with no country can come there i mean europe is kind of me you know look at look at the technicals you know tech scene in europe is almost nonexistent its completely. You know its theres really no challenger at this point russia its strong militarily but economically still heavily dependent on oil and gas china is really the main rival economically speaking to the United States and what it can be i would put in there that you know the trade deficit which President Trump is rightly concerned bowl well three hundred say five billion dollars a year United States half of that is done by American Multinational Companies that have set up in china so is trying or are just enemy i dont think so i think their arrival is also an opportunity but i think americas number one threat is itself all right dan youve touched on a few things there stuff mercantile is basically is the strategy of what are take all. What goes back to the Nineteenth Century and when the world is on the Gold Standard and that the over the air people had to make good on there are. And there was some elegance too and some balance to it that there was some competition but in a world of pure free at currency werent these countries are able to print without any backing like gold you have a different strategy emerge and of course china has been pretty cagey and pegging their currency to the dollar which has allowed them to export their way to becoming this huge global dominating economy at the expense of american jobs but the americans are insulated by this because the prices of stuff keep going down so even though i my job has been destroyed the cost of my clothes and electronics keeps going down so i dont really sense or feel the fact that im having my lifestyle my standard of living crushed so. The trigger point when you need talk about this as always people say theres a quid pro quo theres a symbiotic relationship that these two things are never countries arent going to divorce the relationship between hoarding dollars versus exporting etc is that relationship going to be severed at some point and is there a catalyst for it is it happening now down. Yeah i mean eventually with all the money you know your first two makes of benchley the wheels fall off i expected japan actually did i suspect that a major currency crisis in japan years ago still hasnt happened United States if you saw the recent budget numbers that have come out where im not predicting a deficit of one point three trillion dollars in twenty one thousand thats not twenty twenty five twenty one thousand thats next year were going to produce those kinds of deficits in this kind of hot economy which is you know pretty good in the United States. In you know as a comparative been the past decade but yeah when the when the wheels fall off and the money printing i dont know we will see that you saw the ten year go to three percent and i think bill gross out of pimco said oh well he said when the fed stops back from buying us whos left to buy. It let me put forward this idea here so the cold war under the reagan era the country that spent the most on military lost kind of ours a russia trying to keep up with the u. S. On military spending and that was guided their economy a lot of ways and they crumbled is this kind of interesting situation where youve got america and china and the country that prints the most money is going to be the loser in the end or if i got that backwards your thoughts. Well ive often compared United States to kind of a new soviet union the where the we keep printing money the military gets keeps getting bigger and bigger the new budget i refer to our spending increase on the military is larger than russias entire Defense Budget so the military keeps getting bigger and bigger the money the welfare and social system keeps getting bigger with bigger and bigger. Where the money printing stops you know that i think is going to end up with who has real assets and who has the real economy china china in a problem to its purposes has a real economy United States industrially speaking has been good and when the reset happens you know i see its going to be import dependent on almost everything with a declining currency which makes up for a nightmare scenario economically and of course when england was faced with a similar trade imbalance going back a couple hundred years or so t

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