Transcripts For RT Keiser Report 20240714 : vimarsana.com

Right most americans live paycheck to paycheck no matter how much you earn getting by a still a struggle for most people these days 78 percent of full time workers said they live paycheck to paycheck from 75 percent last year according to a recent report from Career Builder overall 71 percent of all u. S. Workers said they are now in debt up from 68 percent a year ago so you see debt piles are climbing. Of course this is what the fed wants with the lowering rates they want the ordinary american to cripple themselves with debt to make themselves have fewer choices in life because youve got to get that paycheck to meet the minimum payment on your Credit Card Debt right so 40 years ago the transition from industrialization to financialization so people have jobs and the economy reflected a workforce. Would earn discretionary capital that they would spend on consumer goods that were made in america then you want to financialization all the jobs one overseas is outside of the guys states and the only real money that could be made is on Interest Rates spread Interest Rate arbitrage financialization wall street to zation commodification and so gave rise to group of the ruling class that had access to the cheaper money so those with the access to the cheapest money became the richest and then if you didnt have access to cheap money loser 0 percent borrowing costs you would end up in the bantustan of a ghetto somewhere thats the Interest Rate apartheid thats been going on for 40 years you mentioned detroit interestingly enough fascinating weve just in detroit and were also just in San Francisco you know heres the tale of 2 cities detroit pick this up by the bootstraps spend money on itself rebuilt downtown and San Francisco the people who made all the money in San Francisco decided not to do anything for their hometown so theyre sloshing around in human feces and needles all day by choice dont think that the people in San Francisco that are not Walking Around in poop by any other factor but their own choice going back to this chart weve had 40 years of declining yields rising bond prices said its been a bond bubble bonds are at 4000 year highs actually so we have an extraordinary situation which most people think is normal but its outside 4000 years of normalcy of normal rates in normal history so you during this period were also a magician in times square so you know how to create illusions and distract and divert your audience and ordered to conduct this wealth transfer in this case thats the maj. Trick that theyre theyve conducted during this period of time so back then i remember when my mom bought a house to put 20 percent down you didnt have to put 2 percent down as you have to do now and thats created the illusion that ok so now i work in telemarketing rather than building cars like and manufacturing wealth like i used to but im able to afford this house well while Household Income has grown over the past decade it has failed to keep up with the increased cost of living over the same period so you know everything is online all the algorithms run all of your data so do you think that youre ever going to get more than 100. 00 a month to put away because the algorithm knows the universities know that they could take another. 50. 00 out of there as soon as you earn 150. 00 extra they just take you 50 the Health Care Industry the Insurance Industry that they have all your data and they know how much they can take from you and its precisely measured as soon as you walk into a casino they know how much they can take from you right thats the American Economy today the financialization its become the casino gulag and all the data is in the hands of the pirates who take nickel and dime folks to death like jamie diamond became a billionaire nickel and dime ing people but even worse and more pernicious would be like a wells fargo got frustrated at just outright stealing money and the gaming people in the casino good luck and just resorted to death from peoples accounts the millions of people just their money ripped out of their accounts from wells fargo and Warren Buffett the biggest shareholder laughing yeah but as you know you used to work at banks and you say all the time that your Compliance Officer says just do it because well just pay a 5 later down the road but in this this quarter our options you know that we get paid well make huge money individually so the bank the shareholders will pay a fine if. The Compliance Officer is the best because all they do is sign their names through fraud all day in the get these huge bonuses at christmas every year for so bankers again like they grow them knows how to take every single individual bit of you then you have the propaganda arm on c. And b. C. Bloomberg and m s n b c and for example like what do you think about obamacare well they basically confuse Medicaid Expansion of medicaid which is government run Health Insurance for poor people so theyll theyll confuse the fact that obamacare expanded that. And with what obamacare actually is for the ordinary american so anybody making over 4050000. 00 a year so even those making over 6 figures according to this data so they struggle to make ends meet the report said nearly one in 10 of those making 100000 dollars or more so they usually are always live paycheck to paycheck and 59 percent of those in that salary range said they were in the red so again like youre making 100000 say 30 percent goes to the federal government for taxes so that 70000. 00 so you have 2225000 obamacare and thats with a 7000. 00 deductible so you have to hand over essentially 25000. 00 to these insurance executives but you cant use their product because well all of the the the the loopholes they have and the fact that you have a 7000 dollar deductible so again you always are poor it doesnt matter as soon as you earn any money its thats why obamacare prices keep on going out for those who dont arent subsidized its just like they needle and needle you and take every single dime youre ever going to earn so theres no its like galt goal is sort of like john galt like you know like why earn another dollar because its just going to be taken from the insurance executives you know the lifestyle between someone making 5 dollars a year and so on making 100000 dollars a year in america are the same if youre living the same quality of life yeah proximately but you know this is amazing how obamacare is basically getting middle class people to subsidize health care for lower class people the Government Forces middle class people at the point of a gun to basically to pay this extortion to obamacare Insurance Companies and were going to give that as Free Health Care to the other folks now and theyre extending that into negative Interest Rates right so if denmark for example they pay. They you to take out a mortgage they take the money from someone whos a saver so the saver who puts money in the bank instead of getting 2 or 3 percent on the cash they put the bank they are penalized 2 or 3 percent and the person taking out the mortgage is given that 2 or 3 percent in the form of a negative Mortgage Rate so again theyre having the savers subsidize the the the losers so its the losers finally the meek shall inherit the earth thats right in the bible the no savings no job no work ethic no morals no ethics they win in the end in this in this world in a fee system it encourages toll collectors youre either a toll collector or youre paying a toll thats what this situation is in new york for example i just read that one in 3 new yorkers are on medicaid so thats the free Government Run Health Care system in new york. Technically by law its supposed to be capped at 3 percent price rises per year for medicaid but they introduce some loopholes and its allowed to be 6 percent increase per year from the taxpayer to the Health Insurance and Health Racket industry hospitals and doctors and stuff and pharmaceuticals but in fact this year 2019 the prices are projected to go up 15 percent on medicaid spend so is draining from those people who are paying those obamacare unsubsidized raids they actually have to pay those rates where they have 7000. 00 deductible so they cant use their health care theyre paying 25000. 00 a year the taxes are going up to pay for this other part of the racket here where its just draining more and more of the tax revenue 15 percent a year because of course obama did not introduce any caps theres no regulation on spending at all so it could go up and up and up and up and up until. Every single last penny you possibly could save so you got to keep on running faster and faster to stay in the same spot and lower rates make the situation worse its like the economy blew a tire and trumps answer is to blow the other 3 remaining tires. How that makes economic sense well it doesnt and work it the timing is pretty bad because you know hes setting into the 2020 elections and hes going to looking at it every single president is the point of this pyramid scheme so it doesnt matter but finally have a lower Mortgage Rates arent boosting u. S. Housing the Residential Real Estate market is less affordable now than at any time since before the financial crisis so percent rate weve given all the way down to the bottom but at the end of the Looking Glass at the bottom when youre sinking you realize that theres no Wealth Creation theres no real jobs are just passing the buck and youre either a toll collector or you pay the toll everybodys paid the toll and theyre broke now and the toll collector wants more money so what are we going to do but elect another buffoon it doesnt matter if its strong for whoever comes next or by them dont brioche as Marie Antoinette would say hey weve got to take a break when we come back much more coming your way. You know world of big partisan lot and conspiracies its time to wake up to dig deeper to hit the stories that Mainstream Media refuses to tell more than ever we need to be smarter we need to stop slamming the door. And shouting past each other its taught Critical Thinking its time to fight for the middle for the troops the time is now were watching closely watching the hawks. Need to quit sounding. Im one of them but i think. They will when they will but when news were buddies. They both plot on. One of them one night you should have been there so. I dont want that for i confess i mean yes i knew she needed that in the Community Yeah to. Keep it to field any kind of ticking. The night he made a move to follow the man that you know enough about him before i dont mess with. What weve got to do is identify the threats that we have its crazy to. Let it be an arms race off and spearing Dramatic Development only personally im going to resist i dont see how that strategy will be successful very critical time to sit down and talk. Says he stressed to nobody wants to take this or that the bush wasnt at the ball of bullshit out that he had the most to. Stop the show with so youll see that the statistic is easy to see why bush caution. You which book i thought which was enough time and now look what youve seen and i must answer you took a moment of me for sure i. Want to talk to you so if youre my its your bonus for c. B. S. To give. It to mr ellsworth supporter until let them talk to spirit or does it seem to be arguable that its a studio actually of course a personal growth of the vocal or should stop them spinning. Expressed shock. If you really need to tell me that out of. The late night of things going on in the next. 6 game you dont have to back up. You know you crazy im from baltimore and were going to. Welcome back to the kaiser report im ask eyes are time that i turn our conversation at all for a tour of wall street dot com wolf welcome back thanks for having me back max bonds bonds ok austria has got a 100 year bond it has soared nearly a 100 percent in the past year argentina there are 100 air bond has collapsed 50 percent whats going on in argentina wealth well argentina is doing what argentina its getting ready for another default and. You know. Then i think there should be fault in i think argentina should go to wall street every 2 or 3 years and say ok we change we have a new government now were going to pay this back and we want to borrow more and then issue 20000000000. 00 in bonds and then a year later asked the i. M. F. For help because they cant deal with this 20000000000 dollars dollar debt and i may have learned some another 30000000000. 00 and or 39000000000. 00 at this point and then you know you get another government coming in saying no we cant pay this debt and were going to default and you know this is hard kena has always done things i think investors need to be just. Taking through the wringer on this and so have learned the lesson you just dont ever lend dollars a year owes to argentina and thats still less and there should have been warned decades ago and they see the 8 percent yield of the 10 percent yield or whatever and then by this arjan time argentine debt and you know they trade out of it i sell it to a bomb fund and then make some money the 1st time around and and then you know 3 years later that dad starts selling off because reality comes home you know and this is a cycle that argentina goes through time and time again and. As long as investors are willing to give argentina dollars and euros argentina should just go around and default on the us every time until investors finally give up yet theres no is really no other way out i mean argentina has default its all many times its just part of its operating procedure in theres always a new generation of investors that thank god this time its different were going to make some money on this and the 1st year they do it in and thats i want to somebody else and then you know to some bond fund in some form a and and when its sitting there and. Chariots and. You know you have. A government that came a promise to market oriented policy a few years ago and they went on my bar and bench barton in dollars and euros because she cant bar and argentine pesos you know that its just a horrible garbage currency it with right now with with 50 percent interest on it in a against the value in crashed on a daily basis you nobody wants to lend you money in peso so they have to borrow and dollars and euros and yen or whatever hard currency they can borrow and and then they cant buy it back and so thats why they dont know a year after that one on this barring binge they already had trouble and i asked the i. M. F. I helped i. M. F. Came in with a reform package that said he got to make the central Bank Independent a little bit more independent you know because its part of the finance ministry it was part of the finance ministry and just print the money and you got to make some other changes and the government said ok well do that and thats right now 39000000000. 00 from the i. M. F. So theyve got you know the money they raised to the bonsai got 39000000000 from the i. M. F. And now the government is. The people have voted in and in a primary election and expressed very great dissatisfaction with this governments policy and. Giving for an end as from the end as government. Very high likelihood of coming out. Coming out i headed off to relax which will change everything and. Its just no more just part of the operating procedure in argentina and as long as Foreign Investors fall for this stuff i think argentina just going to keep doing this while i love to repackage that 3 minute answer into a nice rap song. And just play it over and over again all over the world it summarizes our Global Economy and im still all that i remember when i was working on wall street in argentina 1st went bankrupt in the eightys you know and that was an exciting time you know wall of Mortgage Rates are near all time lows and yet sales of homes continue to decline. So are Central Banks pushing on a debt string at this point can lower rates help the debt saturated shrinking income consumer right so you know. Having reached the end game you know the stimulus of lower Interest Rates like any heroin or coke addict or junkie financially run out of stimulus because youre dead so he at that point but in some markets especially on the west coast or in some markets in the east coast your prices are really high no Interest Rates are secondary now yeah i mean you know when you pay 1700000. 00 for a median house and meet you know houses in a small little rink you think how some moreno. You know you have other problems because now you need to have some 100000 dollars in income to live in that kind of house and when you have that kind of income do you really want to live in a median house you know dont you want to i mean some nicer and and so you have. This problem or by are im not sure anymore that they really want to do this and. Mortgage applications are rising and not they didnt spike or anything but theyre up a little bit from what they were last year at this time and and. So those some increased interest from from home buyers in the United States Foreign Investors have largely been scared off and weve seen that in a number of state appointed now and thats that has a big impact like in the bay area and in some of the expensive areas where Career Builder<\/a> overall 71 percent of all u. S. Workers said they are now in debt up from 68 percent a year ago so you see debt piles are climbing. Of course this is what the fed wants with the lowering rates they want the ordinary american to cripple themselves with debt to make themselves have fewer choices in life because youve got to get that paycheck to meet the minimum payment on your Credit Card Debt<\/a> right so 40 years ago the transition from industrialization to financialization so people have jobs and the economy reflected a workforce. Would earn discretionary capital that they would spend on consumer goods that were made in america then you want to financialization all the jobs one overseas is outside of the guys states and the only real money that could be made is on Interest Rates<\/a> spread Interest Rate<\/a> arbitrage financialization wall street to zation commodification and so gave rise to group of the ruling class that had access to the cheaper money so those with the access to the cheapest money became the richest and then if you didnt have access to cheap money loser 0 percent borrowing costs you would end up in the bantustan of a ghetto somewhere thats the Interest Rate<\/a> apartheid thats been going on for 40 years you mentioned detroit interestingly enough fascinating weve just in detroit and were also just in San Francisco<\/a> you know heres the tale of 2 cities detroit pick this up by the bootstraps spend money on itself rebuilt downtown and San Francisco<\/a> the people who made all the money in San Francisco<\/a> decided not to do anything for their hometown so theyre sloshing around in human feces and needles all day by choice dont think that the people in San Francisco<\/a> that are not Walking Around<\/a> in poop by any other factor but their own choice going back to this chart weve had 40 years of declining yields rising bond prices said its been a bond bubble bonds are at 4000 year highs actually so we have an extraordinary situation which most people think is normal but its outside 4000 years of normalcy of normal rates in normal history so you during this period were also a magician in times square so you know how to create illusions and distract and divert your audience and ordered to conduct this wealth transfer in this case thats the maj. Trick that theyre theyve conducted during this period of time so back then i remember when my mom bought a house to put 20 percent down you didnt have to put 2 percent down as you have to do now and thats created the illusion that ok so now i work in telemarketing rather than building cars like and manufacturing wealth like i used to but im able to afford this house well while Household Income<\/a> has grown over the past decade it has failed to keep up with the increased cost of living over the same period so you know everything is online all the algorithms run all of your data so do you think that youre ever going to get more than 100. 00 a month to put away because the algorithm knows the universities know that they could take another. 50. 00 out of there as soon as you earn 150. 00 extra they just take you 50 the Health Care Industry<\/a> the Insurance Industry<\/a> that they have all your data and they know how much they can take from you and its precisely measured as soon as you walk into a casino they know how much they can take from you right thats the American Economy<\/a> today the financialization its become the casino gulag and all the data is in the hands of the pirates who take nickel and dime folks to death like jamie diamond became a billionaire nickel and dime ing people but even worse and more pernicious would be like a wells fargo got frustrated at just outright stealing money and the gaming people in the casino good luck and just resorted to death from peoples accounts the millions of people just their money ripped out of their accounts from wells fargo and Warren Buffett<\/a> the biggest shareholder laughing yeah but as you know you used to work at banks and you say all the time that your Compliance Officer<\/a> says just do it because well just pay a 5 later down the road but in this this quarter our options you know that we get paid well make huge money individually so the bank the shareholders will pay a fine if. The Compliance Officer<\/a> is the best because all they do is sign their names through fraud all day in the get these huge bonuses at christmas every year for so bankers again like they grow them knows how to take every single individual bit of you then you have the propaganda arm on c. And b. C. Bloomberg and m s n b c and for example like what do you think about obamacare well they basically confuse Medicaid Expansion<\/a> of medicaid which is government run Health Insurance<\/a> for poor people so theyll theyll confuse the fact that obamacare expanded that. And with what obamacare actually is for the ordinary american so anybody making over 4050000. 00 a year so even those making over 6 figures according to this data so they struggle to make ends meet the report said nearly one in 10 of those making 100000 dollars or more so they usually are always live paycheck to paycheck and 59 percent of those in that salary range said they were in the red so again like youre making 100000 say 30 percent goes to the federal government for taxes so that 70000. 00 so you have 2225000 obamacare and thats with a 7000. 00 deductible so you have to hand over essentially 25000. 00 to these insurance executives but you cant use their product because well all of the the the the loopholes they have and the fact that you have a 7000 dollar deductible so again you always are poor it doesnt matter as soon as you earn any money its thats why obamacare prices keep on going out for those who dont arent subsidized its just like they needle and needle you and take every single dime youre ever going to earn so theres no its like galt goal is sort of like john galt like you know like why earn another dollar because its just going to be taken from the insurance executives you know the lifestyle between someone making 5 dollars a year and so on making 100000 dollars a year in america are the same if youre living the same quality of life yeah proximately but you know this is amazing how obamacare is basically getting middle class people to subsidize health care for lower class people the Government Forces<\/a> middle class people at the point of a gun to basically to pay this extortion to obamacare Insurance Companies<\/a> and were going to give that as Free Health Care<\/a> to the other folks now and theyre extending that into negative Interest Rates<\/a> right so if denmark for example they pay. They you to take out a mortgage they take the money from someone whos a saver so the saver who puts money in the bank instead of getting 2 or 3 percent on the cash they put the bank they are penalized 2 or 3 percent and the person taking out the mortgage is given that 2 or 3 percent in the form of a negative Mortgage Rate<\/a> so again theyre having the savers subsidize the the the losers so its the losers finally the meek shall inherit the earth thats right in the bible the no savings no job no work ethic no morals no ethics they win in the end in this in this world in a fee system it encourages toll collectors youre either a toll collector or youre paying a toll thats what this situation is in new york for example i just read that one in 3 new yorkers are on medicaid so thats the free Government Run Health Care<\/a> system in new york. Technically by law its supposed to be capped at 3 percent price rises per year for medicaid but they introduce some loopholes and its allowed to be 6 percent increase per year from the taxpayer to the Health Insurance<\/a> and Health Racket<\/a> industry hospitals and doctors and stuff and pharmaceuticals but in fact this year 2019 the prices are projected to go up 15 percent on medicaid spend so is draining from those people who are paying those obamacare unsubsidized raids they actually have to pay those rates where they have 7000. 00 deductible so they cant use their health care theyre paying 25000. 00 a year the taxes are going up to pay for this other part of the racket here where its just draining more and more of the tax revenue 15 percent a year because of course obama did not introduce any caps theres no regulation on spending at all so it could go up and up and up and up and up until. Every single last penny you possibly could save so you got to keep on running faster and faster to stay in the same spot and lower rates make the situation worse its like the economy blew a tire and trumps answer is to blow the other 3 remaining tires. How that makes economic sense well it doesnt and work it the timing is pretty bad because you know hes setting into the 2020 elections and hes going to looking at it every single president is the point of this pyramid scheme so it doesnt matter but finally have a lower Mortgage Rate<\/a>s arent boosting u. S. Housing the Residential Real Estate<\/a> market is less affordable now than at any time since before the financial crisis so percent rate weve given all the way down to the bottom but at the end of the Looking Glass<\/a> at the bottom when youre sinking you realize that theres no Wealth Creation<\/a> theres no real jobs are just passing the buck and youre either a toll collector or you pay the toll everybodys paid the toll and theyre broke now and the toll collector wants more money so what are we going to do but elect another buffoon it doesnt matter if its strong for whoever comes next or by them dont brioche as Marie Antoinette<\/a> would say hey weve got to take a break when we come back much more coming your way. You know world of big partisan lot and conspiracies its time to wake up to dig deeper to hit the stories that Mainstream Media<\/a> refuses to tell more than ever we need to be smarter we need to stop slamming the door. And shouting past each other its taught Critical Thinking<\/a> its time to fight for the middle for the troops the time is now were watching closely watching the hawks. Need to quit sounding. Im one of them but i think. They will when they will but when news were buddies. They both plot on. One of them one night you should have been there so. I dont want that for i confess i mean yes i knew she needed that in the Community Yeah<\/a> to. Keep it to field any kind of ticking. The night he made a move to follow the man that you know enough about him before i dont mess with. What weve got to do is identify the threats that we have its crazy to. Let it be an arms race off and spearing Dramatic Development<\/a> only personally im going to resist i dont see how that strategy will be successful very critical time to sit down and talk. Says he stressed to nobody wants to take this or that the bush wasnt at the ball of bullshit out that he had the most to. Stop the show with so youll see that the statistic is easy to see why bush caution. You which book i thought which was enough time and now look what youve seen and i must answer you took a moment of me for sure i. Want to talk to you so if youre my its your bonus for c. B. S. To give. It to mr ellsworth supporter until let them talk to spirit or does it seem to be arguable that its a studio actually of course a personal growth of the vocal or should stop them spinning. Expressed shock. If you really need to tell me that out of. The late night of things going on in the next. 6 game you dont have to back up. You know you crazy im from baltimore and were going to. Welcome back to the kaiser report im ask eyes are time that i turn our conversation at all for a tour of wall street dot com wolf welcome back thanks for having me back max bonds bonds ok austria has got a 100 year bond it has soared nearly a 100 percent in the past year argentina there are 100 air bond has collapsed 50 percent whats going on in argentina wealth well argentina is doing what argentina its getting ready for another default and. You know. Then i think there should be fault in i think argentina should go to wall street every 2 or 3 years and say ok we change we have a new government now were going to pay this back and we want to borrow more and then issue 20000000000. 00 in bonds and then a year later asked the i. M. F. For help because they cant deal with this 20000000000 dollars dollar debt and i may have learned some another 30000000000. 00 and or 39000000000. 00 at this point and then you know you get another government coming in saying no we cant pay this debt and were going to default and you know this is hard kena has always done things i think investors need to be just. Taking through the wringer on this and so have learned the lesson you just dont ever lend dollars a year owes to argentina and thats still less and there should have been warned decades ago and they see the 8 percent yield of the 10 percent yield or whatever and then by this arjan time argentine debt and you know they trade out of it i sell it to a bomb fund and then make some money the 1st time around and and then you know 3 years later that dad starts selling off because reality comes home you know and this is a cycle that argentina goes through time and time again and. As long as investors are willing to give argentina dollars and euros argentina should just go around and default on the us every time until investors finally give up yet theres no is really no other way out i mean argentina has default its all many times its just part of its operating procedure in theres always a new generation of investors that thank god this time its different were going to make some money on this and the 1st year they do it in and thats i want to somebody else and then you know to some bond fund in some form a and and when its sitting there and. Chariots and. You know you have. A government that came a promise to market oriented policy a few years ago and they went on my bar and bench barton in dollars and euros because she cant bar and argentine pesos you know that its just a horrible garbage currency it with right now with with 50 percent interest on it in a against the value in crashed on a daily basis you nobody wants to lend you money in peso so they have to borrow and dollars and euros and yen or whatever hard currency they can borrow and and then they cant buy it back and so thats why they dont know a year after that one on this barring binge they already had trouble and i asked the i. M. F. I helped i. M. F. Came in with a reform package that said he got to make the central Bank Independent<\/a> a little bit more independent you know because its part of the finance ministry it was part of the finance ministry and just print the money and you got to make some other changes and the government said ok well do that and thats right now 39000000000. 00 from the i. M. F. So theyve got you know the money they raised to the bonsai got 39000000000 from the i. M. F. And now the government is. The people have voted in and in a primary election and expressed very great dissatisfaction with this governments policy and. Giving for an end as from the end as government. Very high likelihood of coming out. Coming out i headed off to relax which will change everything and. Its just no more just part of the operating procedure in argentina and as long as Foreign Investors<\/a> fall for this stuff i think argentina just going to keep doing this while i love to repackage that 3 minute answer into a nice rap song. And just play it over and over again all over the world it summarizes our Global Economy<\/a> and im still all that i remember when i was working on wall street in argentina 1st went bankrupt in the eightys you know and that was an exciting time you know wall of Mortgage Rate<\/a>s are near all time lows and yet sales of homes continue to decline. So are Central Banks<\/a> pushing on a debt string at this point can lower rates help the debt saturated shrinking income consumer right so you know. Having reached the end game you know the stimulus of lower Interest Rates<\/a> like any heroin or coke addict or junkie financially run out of stimulus because youre dead so he at that point but in some markets especially on the west coast or in some markets in the east coast your prices are really high no Interest Rates<\/a> are secondary now yeah i mean you know when you pay 1700000. 00 for a median house and meet you know houses in a small little rink you think how some moreno. You know you have other problems because now you need to have some 100000 dollars in income to live in that kind of house and when you have that kind of income do you really want to live in a median house you know dont you want to i mean some nicer and and so you have. This problem or by are im not sure anymore that they really want to do this and. Mortgage applications are rising and not they didnt spike or anything but theyre up a little bit from what they were last year at this time and and. So those some increased interest from from home buyers in the United States<\/a> Foreign Investors<\/a> have largely been scared off and weve seen that in a number of state appointed now and thats that has a big impact like in the bay area and in some of the expensive areas where Foreign Investors<\/a>. If you know invested handle it ok let me jump in here for a 2nd son San Francisco<\/a> you mentioned hey you know they tech billionaires a lot nicer homs but you know talking about possible end game here lets talk about the we work i. P. O. There documents show that theyre losing 5200. 00 per customer which is 28. 00 times what goober loses per customer. So in other words the Business Model<\/a> of San Francisco<\/a> driving house prices are to lose as much per sale as possible and in the case of we work they live 5200. 00 per customer and so is that is there going to be a day of reckoning there i mean. Eventually if youre generating exponential losses at in fun i doubt its going to be hard to sustain that for buying multi multi 1000000. 00 homes all thinking around here is that. Were approaching the end this is bigger than 1909 was. The reset will be bigger in locally yeah the nation might not feel it that much but it will be a local thing for sure and you know who are these companies that keep burning Cash Companies<\/a> that have 10 years old or have thousands of employees and have billions in revenues you know they keep burning cash and its ok for a start up to bring cash but these are not startups you know these are these are more True Companies<\/a> and the Business Model<\/a> they have is just expand expand expand and no matter what the cross the new investors have been funding this notion this is are no longer willing to fund this these companies are going to run out of money and theyre having to cut back and thats already that case i mean we hear in that now constantly a different job. Or its else who are you know that unofficial hiring freezes in place and from Companies Like<\/a> that that theyre cutting back their projects and have bay area so far from an architect weve kind of the same thing you know its a. Project to have 5 faces you know the finishing phase one and theres long phase 2 down and then canceling phase 3 and surviving and so this is not happening and. You know were i think in. The bay area weve sort of. In to that point or you know it cant go on like this for every 1900 dot com bubble Inflection Point<\/a> nasdaq lost a quick 5 trillion dollars i was workin on technology at that time you know wealth San Francisco<\/a> has more billionaires per capita than anywhere on earth but has a Homeless Population<\/a> to rival any 3rd world country considering Silicon Valley<\/a> is also the epicenter of virtue signaling you know they love to talk a good game we just came back from detroit where the quicken empire theyve put 56000000000 into downtown and i dont see any human feces on the street theres not a Homeless Population<\/a> in the downtown detroit they reinvested in their own community because they was an act of really self preservation by helping the community how come San Francisco<\/a> billionaires are so greedy and shortsighted and virtuous signaling idiots that they prefer to wallow in human feces then to clean up their own mess wolf big differences between detroit and servants is going to the cost of housing you know and in detroit its one of the lowest in the country in terms of major cities and. Oh dear friend. The bay area in 2009 and and a 70000. 00 in gas 4 or a huge loft in downtown detroit. 70000. 00 buys doesnt buy a garage and its got so. Detroit has lost a lot of populations in a very different. Phase of its life for those of us employed but wont go off the road to have to incomes the house prices our power passu is a wall street term in other words youve got to want a smaller but this scaling is the same amount of wealth of income house prices which you could you could map that is say is relatively the same the question is not relative house price. Vs salary the question is why in detroit do highly successful bill billionaire corporation choose to help their community where in Silicon Valley<\/a> they choose to literally death akkad on their community somewhere that is live exaggerated. And so i dont really have to weigh need kneedeep through the season even when there are in some some streets but not everywhere but it is a huge problem with homelessness in San Francisco<\/a>s one percent of the population it is a huge problem and there were most of them a polite nice people but theyre just its just crazy the homelessness problem here and and here youre right it does it it does try to deal with it has spent half a 1000000000. 00 on it and its just getting worse. Now to go in or out of time but we can pick it up next time i get your point. Lets say goodbye thanks for being on the cause ripoff thanks for having me max thats going to do it for this edition of the kaiser report with me max kaiser Stacy Everett<\/a> like thank our guest while threats are of wall street dot com hes got an excellent podcast to join to catch us on twitter its kaiser report kaiser report dot com. So much time but. Why a paradise with some ground turned into a round the experimentation field but agricultural chemicals we know that these chemicals have consequences they are major here tens theres no question otherwise why would that the Chemical Company<\/a> workers themselves be geared up that suited up locals attempt to combat the on regulated experiments but often in day you have many of these people where one foot into the biotech pharma and the other foot in the government regulatory bodies this kind of collusion is reprehensible while the battle goes on the chemicals continue to poison hawaii and its people so one has to ask the question whether there is a form of Environmental Research<\/a> going on in hawaii whether these Companies Feel<\/a> they can get away with this because the people have less political power. You know world of big part of the new lot and conspiracy its time to wake up to dig deeper to hit the stories that made stream media refuses to tell more than ever we need to be smarter we need to stop slamming the door on the bath and shouting past each other its time for Critical Thinking<\/a> its time to fight for the middle for the truth the time is now for watching closely watching the hawks. As your officer. Told you to get up off the ground to serve begins again in. Your game face on the sounds of an mit news you mean a grown man with misleading essentially 0 in the bag. John. Wished to do away from the officers. Of his group. They obviously did a kind of lunge for the web in one smiths and then when it happened on treece one as i didnt i never saw any contact with. Any kind of went back to where they were so the answers back here theyre try again 15 feet apart at this point and thats when the officer has gone even beyond 3. Oklahoma judge followings the pharmaceutical johnson and johnson guilty of fueling the u. S. States Opioid Epidemic<\/a> and causing a surge in drug related dads. Drugs in the johnson will finally be phil accountable because egypt and addiction fall by their attitude and also ahead on the program this hour the g 7 solid or in from the leaders in attendance struggle to agree on solutions to any of the worlds most","publisher":{"@type":"Organization","name":"archive.org","logo":{"@type":"ImageObject","width":"800","height":"600","url":"\/\/ia801005.us.archive.org\/31\/items\/RT_20190827_113000_Keiser_Report\/RT_20190827_113000_Keiser_Report.thumbs\/RT_20190827_113000_Keiser_Report_000001.jpg"}},"autauthor":{"@type":"Organization"},"author":{"sameAs":"archive.org","name":"archive.org"}}],"coverageEndTime":"20240716T12:35:10+00:00"}