Hours time but 1st Germanys Deutsche Bank is in deep trouble thats coming straight away and todays. Oh i there guys a report here i guess while we were writing. I dont know if youre taking notes about this stuff but there seems to be a divergence between what you hear on the Mainstream Media c m b c c n b c and what we say on this show one tour the true. Reality what actually happens. One tends to be fantastical poppy cock spewed by overpay parrots that would not be yes. Lets get more information on this from stacey harbor well we began this week with a new bad bank and that is for Deutsche Banks bad bets theyre going to be poor and into a new bank a bad bank that the taxpayers of europe will now be responsible for a 50000000000 euro bad bank soon owned by the german state aka taxpayer finally Deutsche Bank is facing its future head on whats left of the mighty Deutsche Bank thats the front page of the Financial Times on monday and it was that announcing what we suspected would happen 10 years ago when we 1st started for all those happy days ago you know they got the Lehman Brothers collapse happen you know and that was the result of insolvency but we were told that it was a problem of illiquidity and we were told that Lehman Brothers and bear stearns and the wall street banks had done nothing wrong that it was just crazy unfortunate freak accident that they ran out of money suddenly because of all the bad loans that they made to people that couldnt possibly pay them back and that they taxpayer in the Global Economy should take a step back and 17 or 18 trillion dollars needed to be printed to bail out warren buffet to bail out wall street banks so that they could keep their yacht payments going and buy. You know billionaire row apartments in new york city for 250000000. 00 as weve just seen recently or to invade london and buy properties for 120000000. 00 thats money that was given to them by the Central Banks and the 2008 crisis to avoid having to fess up that they were running insolvent institutions and they have put the entire economy at risk and that they. They are engaged in a club to crack a crony capitalist nightmare so Deutsche Bank as weve been saying now for 5 years was the most likely of the major banks to go bankrupt and require a bailout the state of germany has now provided Deutsche Bank with a state bail out the bad banks in the area is masking a bailout and the accounting fraud at Deutsche Bank is only now just being revealed. At the tip of the iceberg this theyre sitting on half a quadrillion worth of worthless to rivet that if you mark to market. Would be greater than 5 times global g. D. P. This is in fact the beginning of lehman 2. 00 this is why gold goes up in price because its discounting a Major Economic collapse this is why bitcoin which is the virtual digital version of gold the matter what peter schiff says no matter what michelle block says it is gold to point out thats now definitively been the case dont come at me with all of your crazy conspiracy nonsense and so we enter into another phase of the Global Financial crisis right now Deutsche Bank the tip of the spear as weve been saying for years. Only keep money in Deutsche Bank youre willing to lose the Banking System is about to implode were on the cusp of of a nightmare. And its easy to predict if youre willing to look at some simple facts this show kaiser report has been airing for 10 years we started back in 2009 during the midst of the crisis this is the Deutsche Bank share price this is in 2008 down to 2009 while the intervention by the Central Banks as been keeping some of it afloat now down. 95 percent since its 2008 high one thing that has been happening since the beginning of the financial crisis is early on we had this debate of inflation versus deflation. You know we had a split evenly split between our gas some said it was going to be inflation some said its deflation certainly this shows that weve had deflation across europe for the past 10 years there has of course ben inflation in the select assets own by the top one percent on on whose behalf that Central Banks operate so youve had high end property prices in all the major cities around the world busy youve had the value of our prices and you know certain things that the very wealthy own has increased now in terms of these this bad bank with what the german taxpayer is going to be on the hook for is the derivatives book theyre moving the long dated derivatives over to the taxpayer of germany of course is the long dated one so its not going to be for another 10 years that even you know the taxpayers who are only well some of them are only about 1015 years old at this point and they dont know. Theyve introduced negative Interest Rates across the yemeni germany and the rest of europe there are 1311000000012. 00 trillion dollars worth of negative sovereign debt that is taking money out of peoples pockets and giving it to the kleptocracy running the Deutsche Bank the financial terrorist to run a bank they do negative Interest Rates they put that money in their pockets its a wealth transfer its not deflation its financial repression this is the financial gulag masked as an economic sciri these gentlemen are the equivalent of oh i mean theyve. Named all sorts of skullduggery there i mean but it if youre walking down the street and you feel something squishy under your foot you stepped in and it stinks really bad thats the people who run Deutsche Bank those are the people that run that youre. Central bank thats merry oh draggy. It goes beyond simply oh oh racket and a crime wave this is a psychotic cult thats thats bent on. Not only equal holocaust but it economic genocide so this is this is what weve been saying its happening now golden bit coy cant say it often enough lets compare at that time when we were at back in 20082009 bank and j. P. Morgan have the 2 largest derivatives books in the world this is the share price of Deutsche Bank down 95 percent since 2008 this is the share price of j. P. Morgan up 400 percent since 2008 so these are the 2 different policies this is what it is to be the reserve currency of the world this is what it is to be the Federal Reserve versus the e. C. B. This is the nerve negative Interest Rate policy versus. Interest on excess reserves that was introduced to help out this is the bailout j. P. Morgan was definitely bailed out. Bank was not bailed out to the same extent yet well a member with Lehman Brothers they were sacrificed who is the c. E. O. They had a meeting on wall street they said want to you guys has to be sacrificed as the sacrificial lamb as we roll out this multitrillion dollar bail out or has to appear as though somebody suffered somewhere and they attacked dick fault because dick fuld was and Lehman Brothers was the least popular amongst jamie diamond jamie diamond then bought bear stearns bought lehmann for 0 and that was his gift for orchestrating this is jihad you know he was gifted these assets and he became a billionaire ok great you know saddam husseins family was incredibly wealthy werent they so is jamie diamond and they cut from the same cloth so big fricken deal i mean anybody can can burn a forest fire down if you have the insurance on the forest fire and collect the money that doesnt take talent to be an arsonist if youre getting paid on the destruction of the forest its not a talent that we applaud in. In society but we do in america Deutsche Bank as you know has essentially been nationalized certainly all their bad debts have been nationalized now the bankers a Deutsche Bank might do very well now that they no longer have those bad assets its just the taxpayer and they could start celebrating but across europe we have inspired by dont see bank death spiral European Banks think to december 24th 2800 level 1st seen in 1995 the subtitle of this wall street dot com article is the benefit of nerve there is hell to pay even the e. C. B. Admits it the notable thing about European Bank stocks is just how brutally theyve been crushed and recrossed since may 2007 when after a blistering bubble run up the stock 600 bank index topped out 534 havent quadrupled in the 12 years from 1905 during the euro bubble when only the sky was still the limit over the 12 years since may 2007 the index has plunged 75 percent and is now back where 1st had been in october 95 so again this is from 2008 the crash and the attempts to resuscitate and that has not worked in europe and now its back down to where it all began in 1905 for addictively. If free market system the most who are committing fraud are to compete or become insolvent theyre supposed to be weeded out of the system and to make room for new Companies New managers. Based on the in light minutes based on the time spent this based on nature. Its not about cancer which is your bank j. P. Morgan they keep feeding and sugar around cancer feeds on sugar and the central bank prints the sugar in the in the case of the free money and so they feed the cancer and you have millions of people on the street protesting you have all kinds of social unrest everywhere you have the global insurrection against banking occupation but the central. Thanks keep printing sugar donald trump keeps telling the bank oh the stock market could be a lot higher if we lowered Interest Rates yeah i mean that was the strategy of vietnam wasnt that you could kill a lot more american soldiers if you drop more agent orange on them thats true but do you want to kill more american soldiers thats doesnt that seems counterintuitive so you know but. Who knows what goes through that meat balls i dont know so over this hat pos 10 years however kaiser report has reported on this we have said that warned about this reporting the facts you know being the scientists who shows up at a Nuclear Meltdown and says wait thats a Nuclear Meltdown and all the bureaucrats are like what telling us theres a Nuclear Meltdown is somehow a threat to the Financial System no you were the threat the bad debts and the fraud were the threats to the Financial System that is what melted down not reporting on this meltdown that was that was the original meltdown that was the financial turn noble that happened in the Global Financial system 10 years ago if going whether or not j. P. Morgan the share price has increased like whether that will finally join where do i should bank also began bank and j. P. Morgan remember have equally size derivatives book you know theyre going to go private of course if you were able to get stuff private with the help of the such a bank and well never hear from them ever again and theyll be just a bunch of people starving in the wasteland and jamie diamond will be up there filing as nails. Who knows what he does in this private time im sure its wholesome in any way well. Im going to take a break when we come back much more fun coming your way. At the post dont go away. Democracies do not deport human rights defenders over there peaceful expression democracies do not rule over millions of people for another people you know for decades on there is a larger context here and that context starts with the fact that israel has been occupying palestinians for 52 years and that occupation itself has deteriorated the most basic ideas of what a legitimate democratic government looks like inside of israel. Came here where did you work before you came here when you live. In many us States Capital punishment is still practiced convicted prisoners can spend years waiting for execution but most of the time the victims families they are very much in favor of the Death Penalty there are some people because of what they do have given up their rights as live among us somebody even proven innocent after years on death row and how many more exonerations is it kind of take before we as a society realize that this is not working and we actually do something about. Welcome back to the kaiser report im max kaiser time now to go to dornoch scotland and speak with mets fire steinmetz welcome back our bag i 2nd class golf in scotland i see youve got your golf outfit on i should know i just got off the golf course i had in my head a lot just like me that ive got a 18 handicap that is i lose a team vols every round ok now mitch farsighted cant taper opposing a there are tornado now there are 12 trillion in negative yielding bonds is this the u. S. Is going to go negative soon met max weve discussed this before do it your bank is on the brink of insolvency one of the banks that has huge derivatives exposure that its impossible for regulators to figure out exactly whats going on their negative Interest Rate policy is generated on was 14 trillion dollars globally negative Interest Rate yielding bond i dont know why anybody would bother those bonds is insanity i mean its part of the European Union the reason why the European Union will fail it is rather i think you know one of the baby issues right now with the European Union. Is that in the early as 4 trillion dollars in debt you can never be repaid with Interest Rates keep coming down because your g. D. P. Is are tepid and the meaning is impossible to repay debt and i think there are probably other european nations as well now that were entering into a bit of a recession problem from a number of different perspectives sort of see who currently euro is really failed the new project is extremely flawed and the Banking System has never been recapitalized to the point that it needs to be i dont know who would step up to the plate do that was that is European Central bank the central bank has become the worlds worlds biggest. Fund with no out ability whatsoever it probably does. For vi bailout infinity ready and the next step is going to be fail and so whats happening is that by that france has portugal and italy with their significant never be repaid so with a senate created a permanent low Interest Rate environment and the chairlift Federal Reserve follow came out and made a 180. 00 degree turn around saying that the rate now saying both operate and ask for more political power to move even more exceptional apple by the Federal Reserve one of which im sure will be the negative Interest Rate policy. Implementation that you mentioned that they got will have i believe they dont have any more bullets in the gun and when she makes and the of this ponzi scheme are weve got to have a percent know where to be in a floatin of one sort or another so i think that we will someday have to im fairly often in the mid ninetys that can be repaid cant grandfather the way it works out where the act will trigger what we blame it on anybodys guess. What i can tell you is that were very for various financial situation that weve never seen before where credit leverage fog which all credit crisis which is out in a and now were 400 percent higher when triple b. And junk bond no lessons were learned you know. Collateralized loan out with asians are at all time highs higher than we were or free prices levels so you come back to the news every day this is a very sure sure side for volatility is that the later in italy now saying just go around such people safe deposit boxes and go into paypal selves and take stuff so this is what we saw in the thirtys right the fastest just of a typical sobs of the style stuff right im going for sure that theyre going to invade your home but i know in italy what they are acting a lot of the oh then you say and then when their generation dont have the money to pay for the. Family house or woman with her son. Who has a problem with. What will pass and to fall. In the stock market the bond market credit. So what is the government used to raise money to move growth on the. Back of your 4th most awfully. House bills and move the new. Ready one. Will be from new policy is that what we. Are we. Dont do for and with all banks news and i think. The whole network. News. Notions of you guys are will raise you one whos a fraud or they are when. Ready they look it is best for this is not i mean we saw how. So you know how do you watch out i will not was sure i could find. You know. Why now we won 4. Minutes. You know its fascinating about Deutsche Bank because weve been talking about it for years and theyve been saying that theyre insolvent and theyre going to need a state bailout they just got a state bailout theyre still insolvent its the new Lehman Brothers theyll start a global way of contagion and weve been talking about it but you know i think of the old story about the chappies artist that falls off the trap easy theres no net below but the drummer kicks in with their drummer all got up and then the chappies guy hi