Rejected. So when you want to be president. Or somehow want to be. That you do like to be cross as a white woman for 3 of them or cant be good that. Im interested in the waters in my house. There are certain. Oh. This is the kaiser report and were going to get into some really important things that are in paris france where we are now so lets bring stacey im going to quickly read the 3 have i and i have here because its all about politics geo politics and geo economics here the 1st one because were in france ill start with the french headline because this was from macro and after trump leaves france mccrone warns world is living the end of western hedging mony but we also have a headline from the u. S. That matches this to my mind and its from bill dudley former head of the new york fed started in 2009 after tim geithner left until 2016 and before that he was with Goldman Sachs for about 2025 years the fed shouldnt enable donald trump you know trump isnt a trade war and thats why bill dudley responded to this its like this trade war with china is crazy we shouldnt cut rates in fact we should raise rates if anything hes almost suggesting anything to get rid of trump like we should overthrow the guy well trumps new trade work tool might just be antique china debt collectors of pre communist debt are lobbying the white house to force beijing to pay up president Donald Trumps next move in an increasingly fraught trade war were china could be one for the history books literally the trumpet ministration has been studying the unlikely prospect of reviving centuries old claims on chinese bonds sold before the founding of the communist peoples republic this was a 1911 and it was used to fund the construction of a rail line between cancun and shows you won and once the communist revolution happened and the people overthrew the though. Imperial power in china they said forget the debts but now the u. S. Might revive thats because people have bought them buying them on like e bay as a collectors item to address microns comments and bill buckleys comments right thats plays into the dual theme weve been talking about for a few months globalization the dollar is a shoe right so the loss of western germany thats a global ization this came in with trump and 2016 and he the idea monitor is ation the global Central Banks cooperating to put out a currency unit of account that was better than gold is a 6070 year experiment that is now collapsing which is leading to d. Dollars ation as b. Countries like russia move aggressively away from the dollar and buy gold and big globalization simultaneously as far as these chinese debts that were issued 19 a leaven or 99911. 00 and are now being sought after for for repayment i would imagine what would happen is that simply u. S. Will default on some bonds to china. A trillion dollars worth and claim that well were just making good on the debt so you owe us to use to justify a default again de dollars ation well yes there are some weird people involved in this some crazy texan sort of pastors and stuff like that and they are encouraging that theyre claiming that with inflation and Exchange Rates in history that is actually worth a trillion dollars with by the way happens to be how much debt that china owes that loans of the u. S. So they own a trillion dollars with the treasuries and like lets just cancel it out but you mention the globalization and for thousands of years weve gone through globalization and then d. Globalization globalization d. Globalization weve weve gone through these constant cycles humans constantly do it asis is we do this in markets thats why Technical Analysis and sort. That sort of thing also when you look at the history of globalization our empires rising and falling as happens we go through enlightenment and e. M. I. In meant so i think this is what youre seeing with what mccrone is responding to when he says its the end of western hedge of money what hes saying is that like the sun kings before him before the us empire that we might not call them emperors or caesars or our kings but they do act like it with caprice it become very capricious and random and ok weve worked on this you know huge nuclear deal with iran now its gone forget it you cant deal with them like randomly assigning like enemy status to countries and saying no you have to end all your trade deals with them and destroy your own economy because youre going to use that dollar and were going to shut it down so this is part of the what hes responding to de globalization is also the d. M. Lightman cycles are natural they happen historical cycles through a 100 year cycles 1000 year cycles the concept of having a central bank like the Federal Reserve bank is an attempt to neutralize these cycles and say look we recognize theres a thing called the Business Cycle and the when things get hot were going to raise Interest Rates and when things get slow theres a recession when to lower Interest Rates to mitigate the amplitude of the cycles to have a steadily growing economy with price stability thats the mandate of the central bank but whats happened over greenspan when the markets crashed then he was they went in they created the plunge Protection Team with a working group on finance to keep a perpetual rolling bull market and to get rid of the Business Cycle to favor a perpetual nirvana for wall street and this is. A supposed Greenspan Bernanke yellen here we have jay powell is now taking it upon themselves not only to get rid of the Business Cycle but. Actually challenge the president by saying were going to adjust our Interest Rate policies in to try to take you out of office so not only if they abandon their mandate of price stability and counter Business Cycle ball cities but they have been just decided that they are a 5th branch of government right so thats not in the constitution thats a way way off the constitution that is to type tyrannical 1st of all when they since 1970 have the divine right of banks theyve established this and its now solidified that they are divine they have the right to exist beyond all others they dont have to abide by the laws of that common man has to abide by about going bankrupt and things like that the doesnt happen to the sun kings of wall street that to be clear i know that there are 3 branches of government but i all i often clue the press is the 0 or stated force the 4 that are for them to be the 5th of patients and commenters you can go go go hey since were talking about the fed ill say this us president Donald Trumps trade war with china keeps undermining the confidence of businesses and consumers worsening the Economic Outlook this manufactured disaster in the making presents the Federal Reserve with a dilemma should it mitigate the damage by providing offsetting stimulus or refuse to play along if the ultimate goal is a healthy economy the fed should seriously consider the latter approach and he actually goes on to say it like theres even an argument that the election itself falls within the feds purview. But you know before you comment on that i want to say that because id like to compare it for what is going on of france and where we are were home here in paris and france and you know when the divine right of kings and it here and it was a very brutal ending to the divine right of kings will say when this sort of situation when france was on the verge of bankruptcy thanks very much france because they went bankrupt because we there was a Gold Standard then and they used their gold to finance the American Revolution but that was good for us but they went bankrupt and what john lost suggests they do. You open the books he showed the books of the divine casing to the people they publish and all the people of france read it and suddenly the king is like an ordinary person out you know he bought some toilet tissue he went. To safeway or tesco and you know there was an ordinary thing but also like the extravagance of his life and the courts life was suddenly so shocking to the people so heres that fed basically opening up their books its like oh were independents and were like the clergy were just you know funneling the messages from the economic gods but now theyre saying no were going to read the system were going to overthrow the government were going to like install our own puppet banker right the fed would like us believe that there is policy and economics behind what they do yes and they have dots and they get all of the dots yes and they get together these concepts like jackson hole and they discuss economics when in fact theyre politically motivated hatchet guys who are there to protect the bankers and make sure that their friends do not obey the rule of law and not sure its about the king being shown his true accounting so much as opening the kimono oh yes they are revealing that this kooky theater of central banking is a very unpleasant looking gangly before so you know how each nation has a unique cultural sensitivity to things that have traumatized them in the past so germany germans are very sensitive to inflation because they know where it took them as a people russia is very insensitive to invasions theyve been invaded by napoleon by by the nazis they dont like it and in france theyre very sensitive to the people rising up and bringing out the getting and so finally ending on macro and he says the world order is being shaken like never before its being shaken because of errors made by the west and certain crises but also by the choice. Is made by the United States in the past few years and not just by the Current Administration and he then went on to say pushing russia way from europe is a profound strategic mistake essentially suggesting were doing this because of us politics and not about pushing them into the arms of china which is going to be a disaster for europe well you dont live in paris many years you know theres more statues sirup Thomas Jefferson maximillian robespierre dont buy any from x. 1000000 here now he won the 19th or something and yet hes the architect of the revolution the reign of terror some could say he went a little bit too far he did what had to be done. He equated. Read it read his work and now. Pick up the mantle of that spirit thats my question thats what about iran thats what maccarone is worried about and thats what hes seeing and yes. Hes having to plan his own survival so this was going off a i mean you know get a get out the you know either leave the country or face the consequences i mean that everyone here is on the cusp of this type of revolution god bless them i support them ill be wont be here of course youll be rope spear modern day blog but i support oh we got to go take a break and when we come back itll be like a drop of a good team and then we come back and all roll into the 2nd. Century is of chinese history to use is nothing but a list budgets 2 years of donald trump with us another round of terror is being added to the u. S. Trade war this last week chinas strategy. Likely to work with the current american president. You know worlds big partisan movie lot and conspiracy its time to wake up to be 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 on the shouting past each other its time for Critical Thinking its time to fight for the middle for the truth the time is now were watching closely watching the hawks. What politicians do something. They put themselves on the line they get accepted or rejected. So when you want to be president. Or some want to be. The 2 going to be press this is what the 43 in the morning cant be good. Im interested always in the lawyers in the house. Welcome back to the kaiser report imax kaiser time matter return to our conversation with mark malloch who publishes the annual gold we trust report look at this plan it is not last time its. That look very least you can hold the door open on it they should read it as chock full of goodies its available for free as a p. D. F. Just contact these folks of increment welcome back hi nice to see you again lets get into part 2 here i want to touch briefly on the interest seen in rivalry between the gold bugs and the crips the bugs versus the crips and you know you have folks that are hardcore gold bugs and they dont like the crowd some and because throwing rocks or whatever at the gold bugs you are straddling both worlds what are they getting wrong well. I try not to be dogmatic in the sense in this debate at least so. I think bitcoin is obviously a great invention it has done a lot for men con already in my view at least if not. At least if not it will become perhaps in like one part of the extreme scenario a new global reserve currencies but if that shouldnt materialize and it goes to 0 because there is Something Better comes up but we go back to gold so whatever it did least has brought up a huge conversation to the young people what for your money is what money is and i think ideas actually form future so its important that people really think about their ideas so so that i created a lot well let me play devils advocate for a 2nd or in this case i only play peter shifts the advocate cell peter chef whos a prominent anti bitcoin and gold bug person will say well of is just another fee at money he doesnt see it as hard money as commodity money at all so and you are business think big quite an institutional accounts i mean theyre buying a lots and lots of it in the institutional money is pouring into big going this is not no its not a hobby for. Cypherpunks anymore this is becoming a factor in Global Finance its changing the Global Financial architecture so what do you what do you say well i think in both cases like an alternative store of value is kind of the final insurance policy for the central Banking System which has going crazy so if if if you have negative rates and never negative for you then bonds more and more 17 trillion and increasing by the day then you need some place to hide and then people really i think think about what is money what could service money. In terms of stock the flow rate should both its really very hard money. People realize ok this this could serve a spot of store over the end i wont be from a put fully a management view want to be dogmatic i would be pragmatic and i think one can play this very well in the combined book folio one other than have to bet the house an idea of these so its actually quite. Easy thing to play and i think these debates look goes back to Austrian School of economics doesnt mean its calm anger as an idea of money what is money if it its all subjective anyway and if the market says because it has money and it has the attributes of gold and thats its a limited supply people use it as money and its fungible stange of all its divisible it has every quality you want of gold then it is money its just a fall if he claimed i dont understand how Austrian School economic on a missed can not see this as money yeah i agree so many to say exactly what you just know told to you so i think sometimes mieses regression theory mistaken as like a counter argument because mrs kind of stated that you need to. A commodity 1st something that which is often called to my view falsely called Intrinsic Value you need some some good which has a value 1st that then it can perhaps become money but i think the main garion argument actually trumps that and i think so too darn it i like to go on record at the miss argument i think a short sighted and clearly he didnt see 2 things there was no such thing as negative Interest Rates during these this time and there was nothing called decline in base cryptocurrency so he is hes been trumped by big quine now lets move on so Russia Russia Central Bank has been buying all quite aggressively month after month year after year what do you thinks going on there well its very interesting i mean thats developed this development has been going on for 10 years now they feeling this very on the consequent basis and theyre actually going to overtake italy and france is number. 3 and 4 of International Gold holders in within the next month and theres very little debt and they have very little of this no debt to g. D. P. Right so so thats quite an interesting busy development i think that will be big news when russia becomes the largest gold hole this probably at the end of the year beginning of next year sometime then you have really u. S. Germany and russia china is not that transparent obviously with their holdings there could be a little bit ahead already know this is a big story with the globalization and the dollar as asian people are russia saying look we dont want to be the dollar because its. Were tired of the censoring you know we want to do business and theres a school that was thought that tells you that putins Main Objective sense of taking the presidency in russia is to do deals hes a probusiness he wants to do deals around the world thats his primary objective because he realized thats how to grow g. D. P. And that. Everything he does reflects that and if hes censored by the spurious sanctions based on extraordinary thin political grewal hes like ok forget it well just dump the dollar will be used gold will be like gold will seek other ways to do business we just want to do business you would think america being probusiness there would be a Natural Alliance but america seems to be kind of reverting into a shell of no business but you know i know when people on the 1st. Episode that we did you know of course there are going to be comments in there that says this guy sounds like Arnold Schwarzenegger now you must get that a lot and why is that cor