That took place since 1982 to 2. 00 todays market Interest Rates were 1718 percent now theyre less than one percent closing in on 0 yet so were going to go over 2 sets of charts from charlie b. L. O. And its going to basically highlight some of the numbers which show that were in a very unique time i think its mostly to do with all this monetary intervention and experimentation thats going on live on our Financial System around the world and has been going on for 10 years gold hasnt reacted im told recently but thats because all the participants in the system have been doing quite well and now theyre starting to realize maybe its not going so well as we thought 1st were going to look at the s. And p. 500 is up 16 percent year to date the best start since 1997 just one percent from its all time high at the time we are recording this number 2 unemployment at 3. 6 percent the lowest since 1969 number 3. A 104 straight months of job growth the longest in history number for wages up 3 point one percent year on year outpacing core inflation which is the 2 percent feds target for 78 straight months and yet 5 fed expected to cut rates and july so on that surface that they can control thats essentially their billboard and they could put whatever advertisement they want on it thats the s. And p. 500 thats the Unemployment Rate which they can make whenever they want they can set a target and say look dont feel great its the lowest since 1069. 00 when you perhaps walk around and see under the surface of the advertisement of the American Dream perhaps its not as good as many people think and were going to get to that about the negative bond yields what were talking about here is that theres a lot of inflation going on and the government will say its targeting 2 percent or maybe its now gifting a little higher than 2 percent the actual inflation for stuff people buy few thats your measure of inflation that would be Health Care Education and housing things like that. Inflation is at 89 percent thats the true number of inflation in America Today if the Federal Reserve bank were to respond to that number by raising Interest Rates as is their remit as is their job then you know it would be a problem for the banks because the banks then would have to admit that there insolvent j. P. Morgan Goldman Sachs citibank b. N. P. Lloyds of london h. S. B. C. Theyd have to come out and say you know what were actually insolvent but they dont allow that to happen so what youre left with is a policy by the Central Banks that goes like this they buy trillions of dollars worth of bonds forcing the Interest Rate lower and then they tell people that while the Interest Rates low so were going to lower rates again so its through the Looking Glass theyre not supposed to manipulate the market and. Then base policy on a manipulated outcome theyre supposed to sit back let the market decide what is actually the demand. And the supply and then respond to it you know thats they relationship but the fed says we manipulate the price. We drive the rate down to near 0 and then we tell the public that well the rates near 0 so were going to have to lower rates we of course here in kaiser report did warn for the last 2 years that you cant taper a ponzi as the fed tried to pretend at least signal that it was on winding quantitative easing and that everything is great the stock markets on all time highs wages are rising Unemployment Rate is down and everything is great we can raise rates everythings fine we said that you cant taper a ponzi and this is it the fed has to act now they have to cut rates because the market has is now pricing in 100 percent certainty that its going to cut in july so it cant not ok with out a crystal ball or when you say the market is pricing in a rate that price exile is manipulated by the central bank so that its an illusion to say that the central bank has looked at the market and is responding thats not what i want but thats what i said is like thats their billboard the things that they can control or the s. And p. 500. 00 thats up 16 percent year to date one percent off of an all time high they can control they determine what the Unemployment Rate is they say its 3. 6 percent but they have changed the way they count unemployment over the past 30 years and it always ends up looking better in terms of buying the bonds and driving down negative yields if you look at this chart another chart from charlie b. L. O. All of that sea of red is negative yielding debt only the u. S. Has positive debt on the whole scale of from one year to 30 years so negative bond yields through 30 years in switzerland 15 years in germany in the netherlands 10 years in japan denmark austria Finland Sweden 9 years in france and belgium 8 years of 7 years in ireland as slovenia 6 years in spain 5 years in portugal 3 years in malta and bulgaria and one year in italy so negative yields all the way out. Up to 30 years in the case of switzerland right now Jerome Powell who runs the Federal Reserve bank took over from ben bernanke you know he got to testify before Congress Periodic like ok heres a question that maybe a sake it could ask or somebody in congress could ask your own pal next time hes in front of congress this is a simple question you must ask him mr powell tell us under what circumstances you would raise Interest Rates to answer from drone power will be there is no circumstance under which i would raise Interest Rates the answer to every single economic problem every single number every single statistic every Single Market reaction is to lower rates thats its like an alcoholic who drinks when theyre happy they drink when theyre sad they drink because its tuesday they drink because its daytime they drink because its night time theyre not a holiday they just drink drink drink drone pow will cut rates whether the economy is expanding whether its contract ing whos a president who doesnt matter his dog bit him is wife hates him hes going to lower rates makes no difference thats the only thing they do importantly remember back in 2008 during the financial crisis when it was all going haywire when. We broke the dollar broke when the mutual funds broke the bucket with the money market funds broke the buck that was when really all chaos broke loose and the fed really intervened to the treasury and everybody and they bailed out and they bailed out Lehman Brothers not Lehman Brothers they let that die but they bailed out j. P. Morgan and everybody else i think the thing to look for in these negative yielding bonds is if the u. S. Does that if the u. S. You know the center of this Global Financial empire goes negative then that i think thats what gold is signaling now is people are thinking like oh my god is that actually going to happen that will have negative yielding debt in the United States because thats i think the equivalent of of breaking the buck i think thats a fair analysis ok you know. Similar to breaking the buck during the last crisis if you go negative Interest Rates in the u. S. It will sound alarm bells but it is an interesting thing just like pick a star Mark Zuckerberg into a drone and that he introduced labor as a stalking horse to make that claim go to 100000. 00 a coin. The Interest Rates an area going negative is similar to the big claim protocol that as they hash rate increases theyre chasing after a nonce where the fraction is ever more fractional preceded by zeros its almost point 00000 the difficulty is further further away the difficulty of going higher so that in a negative sense its goes because more higher negatively thats the way the nonce chasing of the protocol work so i think thats had an influence on global central bankers theyve been turned into drones and they are seeking negative Interest Rates because a suppose shes vision and thats going to drive because higher so once again is turning. Constant over there at the bank of International Settlement the 2 targets and constitute an carsten carsten out august and carcillo gust in carson to town of august hes been affected by the bitcoin protocol droning mechanism and so as Mark Zuckerberg and so as a drone powell so this is all about getting because 200000 through the disease or the virus because of protocol i mean we only have 30 or 40 seconds left here so i wanted to say you know with regards to facebook coiners box or whatever theyre calling it libra. You know the fact that france the central bank there and the u. S. Is calling for congressional testimony and in the u. S. And france is investigating this its a little bit too a its amazing that theyve missed all of this stuff. Happening while theyve been focused on the sideline hole of bad acts in waters will become like try gray and lose her bearings she gets big coin derangement syndrome right shell get big going to arrangements and joe you want to congress well if youre if youre not of pure spirit and you look at the protocol like medusa you go mad if youre on dress on some uplift you become ennobled you become a saint but if youre like a cry great or Maxine Waters you lose your footing ok were going take a break when we. Because all dont go away much more coming your way. What politicians do something to. Put themselves on the line to get accepted or rejected. So when you want to be president. Or somehow want to. Have to try to be for us this is what the 43 in the morning cant be good. Im interested always in the waters in the hottest. First sip. Of their own beds or to. Go behind it or to feel good but such. An arguer. Every day is that people. Just fitted their good mother should it. Be so much move. Put em in a good fish you know not just go for the ministry which most will be. Really of a articles from. God since when. Can a mother. Need to learn to me the name of. The skin or to. Give the learn to. Look for the system definition in. Minnesota in the new set of. As we speak large organized. Are on the march to the United States. And then 70 and a player coming out for getting their no squares remains leaning dad. This is a virtual invasion of our country but so far bigger than anything we see. Going up on the part of the field you know its going to fit in. A nice powerful. As you do is you know were going to see a more. You notice its a solution for players for to open. Welcome back to the kaiser report im max kaiser heres the headline the obscure london startup that made facebook libera possible look at this they are like look look look ok so what about the london startup let me introduce jeremy ala dine dot org jeremy will welcome back hi max a stacy thank you for having me again so i see youre company is in the news here is evil corp otherwise known as facebook paralysed post youre seeing wired magazine got so toshi wrong now theyve got your story wrong with a headline that reads the obscure london star at the made facebook labor possible tell us more jeremy l. Its quite blowing me away or so my colleague said to decode project so basically its not just might be nice hes a consortium is a European Research and we paid those researchers for more than 2 years we taxpayers money to research on privacy as a human right on technologies to make dot i used only when people consent to eat to avoid a day extraction and dot a mining and when it does issue not private data of people this sort of stuff that even of corp is doing all the time and it well we are very sad to see some of our colleagues go we dont carry are in the completely opposite direction which also poses some ethical questions to us in the meantime and a Wide Technologies we are developing the out quite groundbreaking as older people hes there is a lot of people that are doing wonderful things on the ward its what is really disturbing is that the ethic oh the ethical focus that we all started doing beat going already back getting involved following that to most of us shoot back in 2009 down to now being completely aqui hired to so busy. Stole into the bee industry that that actually foster sold extract the beast and everything that is standing against it so thats the sad news but i think there is something positive going on in this war starting and well one thing clearly is that that the fence between these it is a buck that they are creating is is that its completely centralized this thing is not even launching boss is just like a distributed database where dead this sort of company that is theyre getting stuck bucks is different from paper in the way that it knows where you go out where you get drawn the people who got wheat and what you read the end all your pics that you regret from the parties you go so basically they just put needles into your life to know more about your or your private life to actually has sas if you can get a loan or not because thats whats coming next in that in that business and in the meantime can you imagine having that pop up message on your wallet on line that says well you posted to some new d. M. That outward there so we suspend your wallet and your account for tree days now we are going to review if you can buy something with bucks this is just utterly insane so i think the good news is that it will never really succeed and actually maybe here people we really see the value of what we stand for to principles out on a me of liberty and off decentralization that also our european project stands for and i think that the difference between the dems and know what we what we know as meat going provides and many of the optimum seem to keep the horde then would be evidently more positive people cannot fork in a trap banking down bank to buy a Single Company them pants them back again theyre ready to be backed they just download a decentralized wallet. And started doing crito there is no problem with that so i think the law is it would be an acceleration and i think that regulators will react and are reacting and we will advise them to react very quickly to that we cant stand by and watch these monsters fight like that beat carp against at the beginning late theres and in the meantime we know that we are beating the rio decentralised really permission less really not 3 mind economy that people can enter and i dont honestly my age so i think beat corn is becoming revolutionary again with this move it will become less road show and much more of evolutionary eastons and this is a sorry to use your at your show for these but i would like to call to our common friend i may have dockage who recently actually does dismissed beats going as just that a road show in a marketing gig i mean look at this beat going it is a revolutionary technology and when the big market will try to actually recent realize it and connect it to these black that against through experimentation of private data because we stand as the technology that has endured all of these time and hes providing a truly decentralized platform so i mean it be back because we need to you know ive come up with a theory called the bitcoin the ranchman send around where the protocol has the ability to transmogrify human intelligence and to convert ordinary people into. Drones on behalf of bitcoin and we are saying this manifests itself in a number of different ways for example in the case of craig wright or john mcafee they clearly went insane in the case of dress on sanaa policy became ennobled by big coin derangements says syndrome he became greater than he was before bitcoin but in many cases people degrade themselves into becoming really a sociopath like craig writer john mcafee now heard the elegant let it lead dont let let let me let me fennell to get to my point here so in the case of Mark Zuckerberg i believe that he now has been turned into a drone by the bitcoin protocol and hes become a useful idiot of big claim and hes become a stalking horse for bitcoins sun other words hes going to go to congress is going to take the hate hes going to put is 500000000000. 00 company out for to be slaughtered by the marketplace on behalf of bitcoin sowed this was predictable you know weve been following big point youve been following it since 2009 weve been reporting on it since 2011 this is the pattern a big point it is able to coop bigger and bigger entities to work for it its a virus in that regard its a plague of happiness that cannot be stopped your thoughts 1st of all and what really i couldnt keep is that i heard did it create right now claims to be burke hes easy seriously claiming to be Mark Zuckerberg now he has left to disassociate yeah and he wants to be desperate minds up bucks basically so yes but for 4 footed as they only have night easy something that gives people a go manioc complete ride into the. Fold do governance and. Everything that the going to men should be doing for us i hope that entirely gents left in Public Sector realizes that we have at least some safety bevs if not the regulations in place to say ok you cannot just mine money as a big company and not being a bank and not being a transport system and not be a Telecommunications System that has some permission for that those safety belts are booed there by ages and ages i think relations now 1 may believe in them or not but in these case the low has to be quote for everyone and i think these regulations show heat these people that abhisit will manage trips because what is at stake is privacy and we privacy it goes out also democracy if people cant control our minds to the point in which to control how much we spend we get loans and they can predict actually what we desire and how we cannot quiet what we desire by knowing