The Christian Faith yes im. A violation. You can. Stay with. The kaiser report a sponge bath for your mind. So you see thats perhaps what we are but right now you know i notice im wearing white and black which are the 2 colors of morning east and west and right now theres the g. 20 meeting going on over in osaka japan and you know the big stories of course that tree war going on between the u. S. And china as china rises well china has apparently risen and power and now weve only just noticed it and were trying to stop it so its the end of this period of globalization there will be a period of de globalization i believe thats the morning for globalization then there will inevitably be another period of globalization whether a look like the past 40 years 50 years of globalization is yet to be seen yet not when i see that often i think of a giant ice cream sandwich. Now you got me thinking about that you know that awesome yeah no morning versus morning in america versus morning at the cemetery you know take your pick the globalization period that we had is that all over theyll be a new globalization period it will be network driven i predict that america will become a Subscription Service like netflix you will subscribe to america and they have to offer you a Value Proposition to keep your subscription alive and they should we should be able to figure this out i think i would happily pay a Monthly Subscription fee if i got access to america the enterprise and they could pay the occasional didnt like andrew young is suggesting if 1000. 00 a month thats a dividend from my subscription to america thats fine theres no coercion involved as the course of taxes involve that we happily pay my monthly america subscription for the value that it offers me well you should be able to have a subscription to which every nation on earth you want in whichever one has the best policies because im going to skip ahead to the other story i had here about the United States and what part of the reason why i think its china has ina a lunch is that what inevitably happens in this sort of system where you have lobbyist and political power which is better and better and caught you know more and more concentrated and youre able to dole out. You know not only government contracts thats not as important but basically laws whereby you could forbidden any competent competitors from rising against the powerful so we have an oligarch system that has emerged several studies from harvard princeton theyve all shown that we have a basically an oligarch eat that some powerful corporate c. E. O. s control the politicians and we have a system whereby you cant innovate you cant the barriers to entry are so huge in so Many Industries across america but of course the number one that we have been looking at over the past year or 2 has been the Health Care System partly because weve been subjected to it now that weve returned here and its pretty horrific but i want to look at this one headline from the past week or 2 and that was that 3 major drug makers sued the trumpet ministration to block a rule that would force them to post a drugs list price and their Television Advertisements so just for the rest of the world because this is abnormal outside of america is you can advertise on television here for your drug products your pharmaceutical products which is not allowed to happen anywhere else in the world but here the trumpet ministration an order to try to get some. Introduce Market Mechanisms to this feudal system is therefore they want these Drug Companies pharmaceutical companies have to list their prices name their prices on television and now theyre fighting it because they dont want consumers to know the prices right if were going to lead Drug Companies advertise like netflix on t. V. And people subscribe to antidepressants they subscribe to their prozac they subscribe to their various medications and its sold on Television Like netflix now getting back to my idea about selling america as a Subscription Service you know i think you could have the possible to subscribe to Different Countries but in a more germane to being part. One jurisdiction that being United States you could have a republican or a democratic subscription so i would like you to subscribe to netflix and h. B. O. And some other streaming Service People subscribe to multiple streaming services you can subscribe to both democrats and subscribe to republicans and pending on the how each one is offering and what the whats on offer you either cancel one or not cancel the other one and have a couple difference of Different Services now there are the pharmaceutical companies have they have r. X. Subscription ok we pay through every month we pay them and theyre saying you know get or are you know any depressant pills will make you forget about the fact that you live in a Dystopian Nightmare just gave us this money every month there will be happily do that now the fact is they cant theyre not posting their prices means that theres room for a better. Prozac Subscription Service from Corporate America then the one that were i havent thats on offer currently well i dont want to promote any particular drug because thats giving them free advertising but i would say that whatever all of these giants all these global mt multinationals they dont want it particularly in america they dont want you to know the prices they want price asymmetry they want asymmetry of information thats the opposite the exact opposite of what a free market is supposed to be a market is a place where a buyer and a seller come to gether and they have a product that the buyer pays a price for and that establishes the price is supposed to be the buyer who establishes the price not the seller the seller is hoping to get the best price they can but if the buyer doesnt know what theyre buying and of course we you know just forget the fact that in the Health System you know you you know you rely on a doctor to know whether or not you need heart medicine or antidepressants its not a problem to have depression that many people have it and i can see why especially in this Financial System in Economic System that does a marginal rate and the answer to that is competition so if one is the problem in their prices then you have to make room for someone who is going to publish a price so they can compete if there is oleg aapl emerging then they are colluding and theyre dont want to compete then its up to the government to come up with their own version of it there should be a Government Bank because wall street banks dont want to compete they only want to collude there should be a Government Bank there should be government offered one price Health Care System because the current oleg up leave doesnt want to compete they just want to have old gospelly pricing whether thats not american the member in america all of these Health Care Companies the health care sick you know its not its not actually health care they dont provide any of its iraq at. Theyre exempt from antitrust laws so if you apply the end to just law and you know these same drug makers by the way they have as they own the legislators they basically prevent americans from going to canada or mexico where the same exact pharmaceutical products whatever it is that you need whatever ingredient whatever pharmaceutical maker whatever it is youre not allowed to cross the border and get it for sometimes 10 percent of the price of what americans are forced to pay for it there is no such thing as being exempt from antitrust and that thats thats a thats tyrannical thats like saying im exempt from the bill of rights were exempt from the constitution were exempt from the rule of law yes the banks do feel that they are exempt from the rule of law and they are time radical and they are doing you say banks of course that means also pharmaceutical companies and everything we have a financial capitalism here at thats all we have and this is what im saying is like where have the g. 20 now and were supposed to as citizens of the world residence the world where were living were supposed to watch them and these leaders of the world led by america because america is still the empire and were hoping not to lose it but apparently like were told to like this is capitalism free market capitalism we want to for all the world but yet at home this fundamental thing is your fundamental major corporations which live off the large just by the way of the taxpayer who funds a lot of research and development of these pharmaceuticals through our universities and the National Institute of health well. You know this is the model theyre really doing theyre extracting wealth this or engineering make sense forced american corporations and the only way to pay dividends as far as i say 1000. 00 a month for some to pay dividends if they cant do that this were not being competitive they dont have the ability to do so theyre not part of the enterprise they need to be extinguished thats it because we need to get tough and we need be a catalyst we need to be competitive we can lead to a radical all of our players from abroad and domestic to terrorize us with their monopoly pricing so the other thing that basically the g 20 imposes is of course the monopoly on sin your age so the especially the us dollar does run the world of all commodities and trade is basically settled through the u. S. Dollar and thats something theyre also losing control of and they dont price discovery in that regard whether its from bitcoin or gold but heres another heres a story thats really fascinating in terms of the subjective theory of value so when mangere said something along the lines of all value is derived from human consciousness this is a real you know a pity me of this italys mafia uses the old lira as its own parallel currency a Senior Police officer revealed in italy that domestic criminal organizations are still using the pre Euro Currency for illicit transactions its not clear how the former notes are ultimately exchanged for euros if at all though he said officers are still uncovering them the lira ceased to be legal tender at the end of february 2002 wright who has everything you need for money its scarce then people are treated as a unit of account and as money so therefore it is money thats all i need for money thats my big money and thats why the u. S. Dollar is probably going to disappear like every fianna currency is. Ever had the experience of the past 300 years of disappearing none have ever made it 300 years except for maybe the british pound but theyve lost 99. 5 percent of its purchasing power so effectively 0 none of them make it but you could use this one because the people say oh you know it is money we recognise it as money and it scares thats all you need to be money well because if you need a service or the mafia says theyre going to provide you a service and you can take it with whether or not you know if theyre willing to accept these banknotes you know thats what paul krugman he should love the story because Paul Krugman Nobel prize economist he says that the u. S. Dollar is backed by men with guns of course the mafia is known for having many weapons and people according to a boar a deputy and in charge of the guard defined so when a bank note is accepted by an organization internally organization he means mafia even if it is outside the law as a legal value it can settle transactions were obviously talking about illicit organisation its amazing that this is a bank that only accrued true value once they stop fronting yeah well the same thing we saw in somalia as well somalia doesnt have a central bank for the last 1520 years and they still use that make the bank notes that the last central bank that existed there printed makes them more valuable right and the 20 years ago in somalia the number one currency in use was coke syrup syrup used to make cola the beverage that was used as a unit of currency in somalia for a long time all right well were going to take a break when we come back much more coming your way so. Take that sponge bath. This is a stick to. Water bottle phone in the stomach of the fish the brand is part of the Cocacola Company which sells millions of bottles of soda every day the idea was that. The litter bugs are throwing this way industry should be poison for all the company has promised to reuse the plastic. On. The mountains of moist only grow heigho. Welcome back to the kaiser report im ask iser time now to turn to our resident expert on all things china dan collins a businessman who lived in china for 20 years the past 20 years he was there dan welcome back max all right so dan the President Trump will be meeting with chinas president xi at the g. 20 what do you expect i expect some type of economic get counted a year or truce some type of initial agreement to work i think from getting close to 2020 i think youll take a when youre behind Foreign Policy circles were just now this is round one where youre you know generational conflict with china a cold war 2. 0 but i believe out of the g. 20 well get some type of positive announcements the trade war is been pretty surprisingly difficult for both countries you know cultural exports out of the midwest are down 50 percent chinese tourism and us down 5 percent while its 15 percent globally Chinese Students are now coming to us thats going down the other side chinas been hit pretty bad while we Just Announced 30000000000. 00 reduction in sales their economy in general over dead now so and slowing down which is not happened in 20 years so expect some type of positive news but were still in for the long haul of this confrontation between china and United States rights when this thing kicked off i think people were pretty leery about the trade while with china they didnt think trump was going to come out of it very well but it looks like in this game of chicken is doing pretty well as we describe it big in previous discussions and. Is it fair to say that china is getting squeezed here and i read a story this morning about how they have a u. S. Dollar shortage and how that is problematic can you explain to the audience how that works well yeah they are definitely getting squeezed i mentioned some of the Economic Indicator this is caught china kind of in a perfect storm where theyre trying to train this in your economy into a you know the socalled middle income trap their wages have gone up 10 times the last and years so theyre no longer their old Business Model of labor export no longer applies theyre trying to transition that economy at the same time since 22008 the 1st financer phrases expect another one you know who knows when so the chinese Banking System now is heavily indebted theres a lot of off Balance Sheet debts that china has incurred officially their 4050 percent of g. D. P. To debt to g. D. P. Ratio however many people expect its multiples of that there is a lot of mis allocation of investments a lot of money into it like to be a company that cant make miracles things like that nature so yes china is trying to escape the middle income trap they have wasted a lot of money supporting industries they still have a huge portion of their economy that state owned enterprises that they need to support theyre not very strong on innovation they are they are at a critical turning point domestically for their economy lets talk about huawei for a 2nd silo state made in china threaten. 56492 patents china is indeed leading the world in patents these days so you know for the news a lot lately whats the current status there well how do people to realize that they local company they have 190000 workers 50000 of those workers are actually westerners they have 40000. Sorry they have r. V. Centers in 20 different cities across the world they mention their sales if youre going to go down 30000000000 there theyre pretty much in any mode at this point but in terms of 5 you wouldnt know where the equipment they are the 800 pound gorilla nobody can compete the United States thanks to our focus on finance capitalism we dont even have a company that sells 5. Basically areas in a nokia but theyre really 2nd out of europe but theyre really 2nd Rate Companies compared to poly so the issue here is with huawei dominating your Telecom Network there is really no way you can stop buying an information. The Chinese Ministry of state security is dynamic patching of software its just millions of millions of lines of code its updated all the time and then the hardware side theres no way you can check every piece of hardware so were at impasse here where the United States has stopped quali globally and said everybody fell across networks but at the same time theres not many people can compete with them right and just samsung like an intractable problem that typically of one was see right before some conflicts began you know we have global conflicts going back a century or so countries find themselves at loggerheads they cant resolve their issues its theres too much poison on both sides and shots start getting fired i mean its a sames not to be alarmist but its the same as that every day care about shots being fired and one reason or another and rhetoric getting more h