Transcripts For RT Keiser Report 20240713 : vimarsana.com

Stage of representatives votes to move the trump impeachment inquiry to the next stage of an open hearing the resolution was condemned by republicans as soviet style from hearing the resolution was condemned by republicans as soviet style. Facebook suspends accounts it believes. Facebook suspends accounts it believes will be russian and involved in the distance from a should campaign in africa just a week off this will be russian and involved in the distance from a should campaign in africa just a week after moscow saw signs and dont do a little of deals deals with with the continent. But thats it for a mermaid andrina found all to follow will be here with you know with you next stands down with the latest news you scroll from around the world over the world and stay stay with us for the cause or for all the poor. To be. Max kaiser. Max kaiser this is the kaiser report the show you love i know you this is the kaiser report the show you love i know you do yes stacey yes its important to watch just say oh and were going to show you yes stacey yes its important to watch just say oh and were going to show you some headlines why its so important to watch us because if you watch the mainstream news if you listen to some headlines why its so important to watch us because if you watch the mainstream news if you listen to the corporate propaganda you might be on the wrong side of many trades now maxon to the corporate propaganda you might be on the wrong side of many trades now max kaiser you were involved in the dot com bubble back in the ninetys and what however you were involved in the dot com bubble back in the ninetys and what happened during the dot com bubble a lot of people lost a lot of wealth 5 trillion and wealth right and it was open during the dot com bubble a lot of people lost a lot of wealth 5 trillion and wealth right and it was the shoeshine boy the classic shoeshine boy moment well today the shoeshine boy the classic shoeshine boy moment well today as we see the likes of we work collapse and we see down big time we see it lay as we see the likes of we work collapse and we see down big time we see it lift down big time and peloton and all these other socalled Software Companies are lifts down big time and peloton and all these other socalled Software Companies are a well those are being hit but its called the not com right well those are being hit but its call. The not com bubble is popping the unicorn massacre unfolding today is exactly the bubble is popping the unicorn massacre unfolding today is exactly the opposite of what happened in 2000 it is easy to look at todays crop of thinking of the opposite of what happened in 2000 it is easy to look at todays crop of sinking i. P. O. s like a lift in peloton or scuttled Public Offerings like we work and see i. P. O. s like a lift in peloton or scuttled Public Offerings like we work and see an eerie resemblance to the dot com bubble that popped in 2000 both then and now an eerie resemblance to the dot com bubble that popped in 2000 both then and now Consumer Tech companies spent lavishly on advertising and struggle to find a path to profit Consumer Tech companies spent lavishly on advertising and struggle to find a path to profit both then and now companies that bragged about their ability to change the world it is suddenly that they were actually both then and now companies that brag about their ability to change the world it is suddenly that they were actually running out of money both then and now the valuations of once heralded Tech Enterprises were have running out of money both then and now the valuations of once heralded Tech Enterprises were haves in matters of weeks both then and now there were widespread sense of euphoria in matters of weeks both then and now there were widespread sense a few phoria curling into soberness wash down with the realisation that thousands of workers and once promising firm hurdling into soberness washed down with the realisation that thousands of workers and once promising firms were poised to lose their jobs thats right we are having and were poised to lose their job thats right we are having another turn of the cycle a lot of it us to do with the fact that so much money was raised in the venture another turn of the cycle a lot of it us to do with the fact that so much money was raised in the Venture Capital market so to avoid going public and having a dot com replay a lot happen all markets to avoid going public and having. Dot com replay a lot of these Companies Raised a lot of money in the Venture Capital want to before it ever reached out of these Companies Raise a lot of money in the Venture Capital want to before it ever reached the Public Market so in the case away work they achieved Something Like a 48000000000. 00 Public Market so in the case away work they achieved Something Like a 48000000000. 00 valuation before even going public and during that time this is whats remarkable teller valuation before even going public and during that time this is whats remarkable to me during the dot com bubble there was a lot of problems with c. To me during the dot com bubble there was a lot of problems with c. E. O. s and insiders dumping stock right after the i. P. O. There should be 0 as an insiders dumping stock right after the i. P. O. There should be a lockup period to force people keep people to stay on for elisia lockup period to force people key people to stay on for at least 6 months or a year to make sure this thing gets out of the gate without too many 6 months or a year to make sure this thing gets out of the gate without too many problems here in this era of the we work being a primary example problems here in this era of the we work being a primary example the fact that under fair or not immigrant search inside and sir i did was or they was a label dump almost a 1000000000. 00 before the i. P. O. To the sophisticated money not to the dumb money for the i. P. O. To the sophisticated money not to the dumb money he had he was dumping it on multibillion erris the venture county he had he was dumping it on multibillion eris the Venture Capital community which had grown up on this in the last 1015 years on the Panel Community which had grown up on this. In the last 1015 years on this unicorn mentality that they were but similar that they were all the unicorn mentality that they were but similar that they were all so feeding on the same delusion and they had profits early on feeding on the same delusion and they had profits early on in the couple of big big winners that they were recycling so youre recycling kind of a hand in a couple of big big winners that they were recycling so you recycling kind of the house money as it goes in the valuations keep going higher and higher but money as it goes in the valuations keep going higher and higher but there defectively the same but theyre not publicly traded but it will the question is will they defect to be the same but theyre not publicly traded but it will the question is will it have a contagion effect will the spillover into a wider stock market phenomena it would have a contagion effect will the spillover into a wider stock market phenomena and therefore a wider economic phenomena it is having the impact in Silicon Valley that house prices are for there for a wider economic phenomena it is having the impact in Silicon Valley at the house prices are falling rapidly because a lot of people were hoping to you know buy properties that they could of falling rapidly because a lot of people were hoping to you know buy properties that they could afford if their we work shares were worth something so now ford if there we work shares were worth something so now there is this guy whos calling it the not com bubble not the dot com bubble this guy is calling it the not com bubble not the dot com bubble because in fact a lot of these companies are just masquerading as tech company because in fact a lot of these companies are just masquerading as Tech Companies theyre not actually Tech Companies we work its not a tech company its theyre not actually Tech Companies we were. Its not a tech company its the same Old Fashioned commercial Real Estate Lending and leasing the same Old Fashioned commercial Real Estate Lending and leasing sort of thing thats been going on its a boring industry thats been around for hundreds of years and sort of thing thats been going on as a boring industry thats been around for hundreds of years and its the same industry but its just been was branded as some sort of high tech and its the same industry but its just been was branded as some sort of high Tech Software company where you can get big multiples so why is calling and not com is because Software Company where you can get big multiples so why is calling and not com is because the ordinary investor is way smarter right now than the v. C. Funds because the ordinary investor is way smarter right now than the v. C. Funds because when the web browser netscape went public august 9th 1905 does when the web browser netscape went public aug 9th 1905 the day many sites as the beginning of the dot com bubble its stock skyrocketed from 28. 00 day many site to the beginning of the dot com bubble its stock skyrocketed from 28. 00 to 75. 00 in a matter of hours even though the company was not profitable dollars to 75. 00 in a matter of hours even though the company was not profitable and todays market the opposite is happening unicorns with no positive earnings are getting slaughtered in todays market the opposite is happening unicorns with no positive earnings are getting slaughtered at the gates we were expel you ation fell more than 80 percent pre i. P. O. At the gates we were expel you ation fell more than 80 percent pre i. P. O. When investors balked at its mounting losses peloton lift and goober have also struggled to present investors balked at its mounting losses peloton lifton hooper have also struggled to persuade Public Markets to grade them on a curve also their stock prices fall on the day of the possible a Public Markets to grade them on a curve also there. Prices fall on the day of the Public Offering institutions and Retail Investors are refusing to fork over to unicorns Public Offering institutions and Retail Investors are refusing to fork over to unicorns the valuations that private investors were expecting particularly softbank the valuations that private investors were expecting particularly soft bank a major backer of a lift and we work this isnt a picture of mass meet a major backer of a lift and we work this isnt a picture of mass media its a picture of public so brian a where the masses are diagnosing and its a picture of public so brian where the masses are diagnosing an acute fever in private markets bring that back to the Opening Statement where i said that acute fever in private markets bring that back to the Opening Statement where i said this because he watched because he watched her income port every when theyve been covering that weve weve been i remember him. Showing charts and saying when we sit in 3 or 4 years ago were saying then we were a list the 3 or 4 years ago saying that lifton these companies were. Not that they were under threat and that the scheme that they say you were that one pandey they would try to put on that in the one day they were trying to dump it on the Public Markets so i think this is also part of that censorship Public Markets so i think this is also part of that censorship d. Platforming sort of thing that we see is like the the corby platform sort of thing that we see is like the the Corporate Media doesnt have control over the dummies you know the dumb money that used to be called the dumb money the have control over the dummies you know the dumb money that used to be called the dumb money the average ordinary investor out there that is used to dump the private investor average ordinary investor out there that is used to dump the private invest. Better money on to that until ive come up at the naama dot com fun if im going down that if there are going back to that era it was technology a Software Problem Technology Driven where technology is a Software Problem its Technology Driven where the pitch would be were going to do publishing on the internet the pitch would be were going to do publishing on the internet you know in that magazines and newspapers will become redundant people will get their news you know in that magazines and newspapers will become redundant people will get their news on the internet at the time nobody believed that. Email use on the internet at the time nobody believed that an email at that time im a member hollywood at the time imo is always worth working and if it were it would you have if you have a mail address it was considered a class a because you were considered a nerd nobody with it was dress it was considered a class a because you were considered a nerd nobody with respectable would have an email address you know the that thats how until the blair witch project spectacle would have an email address you know the that thats how until the blair witch project and then everything changed in hollywood because of the internet but here the story of the in than everything changed in hollywood because of the internet but here the story of the not com vc driven unicorn craziness not calm the sea driven unicorn craziness is even more bizarre in that Companies Like we work is even more bizarre in that Companies Like we work the pitch was theyre going to own the Global Real Estate market the pitch was theyre going to own the Global Real Estate market. So the founder was saying that the Global Real Estate market is that so the founder was saying that the Global Real Estate market is 5 trillion dollars or 10 trillion dollars and that we could own it and that 5 trillion dollars or 10 trillion dollars and that we could own it and that pets raised tens of billions of dollars that would be like saying im going to its raised tens of billions of dollars that would be like saying im going to im going to start farming you know kumquats on the dark side of the moon im going to start farming you know kumquats on the dark side of the moon because its its just im the the center of the story because its its just im the the center of the story that encourages people to take these risks in this era that were just coming through that encourages people to take these risks in this era that were just coming through has become even less less substantial its never have such lives has become even less less substantial its never have such such stories with less substance have raise some money money money for such stories with less substance but have raise some money money money from so such a high concentration of the seas and now as you point out its become so such a high concentration of the seas and now as you point out its collapse and of course there unicorns which are mystical magical creatures so of course theyre unicorns which are mystical magical creatures so it was always that and it is a world of negative Interest Rates so there we have gone was always that and it is a world of negative Interest Rates so there we have gone kind of through a Looking Glass where maybe hugh might imagine that this time having fun kind of through a Looking Glass where maybe he might imagine that this time having huge lie. Losses and being subsidized by your investors and your bond holders because remember huge losses and being subsidized by your investors and your bond holders because remember there were people Bond Investors pouring money into. There were people Bond Investors pouring money into. And subsidizing huge percentage of every ride you take in super and subsidizing huge percentage of every ride you take in super is subsidized by these crazy investors i dont know why they pay for half of my or i but they do it is subsidized by these crazy investors i dont know why they pay for half of my or i but they do and i take it and thank you its very polite of them but there they were never earning money in there when i take it and thank you its very polite of them but there they were never earning money and there was no hope for it we also talked about this in terms of the Shale Oil Production box no hope for it we also talked about this in terms of the Shale Oil Production Bond Investors are pouring money into it billions and billions of dollars your Software Companies<\/a> are lifts down big time and peloton and all these other socalled Software Companies<\/a> are a well those are being hit but its called the not com right well those are being hit but its call. The not com bubble is popping the unicorn massacre unfolding today is exactly the bubble is popping the unicorn massacre unfolding today is exactly the opposite of what happened in 2000 it is easy to look at todays crop of thinking of the opposite of what happened in 2000 it is easy to look at todays crop of sinking i. P. O. s like a lift in peloton or scuttled Public Offerings<\/a> like we work and see i. P. O. s like a lift in peloton or scuttled Public Offerings<\/a> like we work and see an eerie resemblance to the dot com bubble that popped in 2000 both then and now an eerie resemblance to the dot com bubble that popped in 2000 both then and now Consumer Tech<\/a> companies spent lavishly on advertising and struggle to find a path to profit Consumer Tech<\/a> companies spent lavishly on advertising and struggle to find a path to profit both then and now companies that bragged about their ability to change the world it is suddenly that they were actually both then and now companies that brag about their ability to change the world it is suddenly that they were actually running out of money both then and now the valuations of once heralded Tech Enterprises<\/a> were have running out of money both then and now the valuations of once heralded Tech Enterprises<\/a> were haves in matters of weeks both then and now there were widespread sense of euphoria in matters of weeks both then and now there were widespread sense a few phoria curling into soberness wash down with the realisation that thousands of workers and once promising firm hurdling into soberness washed down with the realisation that thousands of workers and once promising firms were poised to lose their jobs thats right we are having and were poised to lose their job thats right we are having another turn of the cycle a lot of it us to do with the fact that so much money was raised in the venture another turn of the cycle a lot of it us to do with the fact that so much money was raised in the Venture Capital<\/a> market so to avoid going public and having a dot com replay a lot happen all markets to avoid going public and having. Dot com replay a lot of these Companies Raise<\/a>d a lot of money in the Venture Capital<\/a> want to before it ever reached out of these Companies Raise<\/a> a lot of money in the Venture Capital<\/a> want to before it ever reached the Public Market<\/a> so in the case away work they achieved Something Like<\/a> a 48000000000. 00 Public Market<\/a> so in the case away work they achieved Something Like<\/a> a 48000000000. 00 valuation before even going public and during that time this is whats remarkable teller valuation before even going public and during that time this is whats remarkable to me during the dot com bubble there was a lot of problems with c. To me during the dot com bubble there was a lot of problems with c. E. O. s and insiders dumping stock right after the i. P. O. There should be 0 as an insiders dumping stock right after the i. P. O. There should be a lockup period to force people keep people to stay on for elisia lockup period to force people key people to stay on for at least 6 months or a year to make sure this thing gets out of the gate without too many 6 months or a year to make sure this thing gets out of the gate without too many problems here in this era of the we work being a primary example problems here in this era of the we work being a primary example the fact that under fair or not immigrant search inside and sir i did was or they was a label dump almost a 1000000000. 00 before the i. P. O. To the sophisticated money not to the dumb money for the i. P. O. To the sophisticated money not to the dumb money he had he was dumping it on multibillion erris the venture county he had he was dumping it on multibillion eris the Venture Capital<\/a> community which had grown up on this in the last 1015 years on the Panel Community<\/a> which had grown up on this. In the last 1015 years on this unicorn mentality that they were but similar that they were all the unicorn mentality that they were but similar that they were all so feeding on the same delusion and they had profits early on feeding on the same delusion and they had profits early on in the couple of big big winners that they were recycling so youre recycling kind of a hand in a couple of big big winners that they were recycling so you recycling kind of the house money as it goes in the valuations keep going higher and higher but money as it goes in the valuations keep going higher and higher but there defectively the same but theyre not publicly traded but it will the question is will they defect to be the same but theyre not publicly traded but it will the question is will it have a contagion effect will the spillover into a wider stock market phenomena it would have a contagion effect will the spillover into a wider stock market phenomena and therefore a wider economic phenomena it is having the impact in Silicon Valley<\/a> that house prices are for there for a wider economic phenomena it is having the impact in Silicon Valley<\/a> at the house prices are falling rapidly because a lot of people were hoping to you know buy properties that they could of falling rapidly because a lot of people were hoping to you know buy properties that they could afford if their we work shares were worth something so now ford if there we work shares were worth something so now there is this guy whos calling it the not com bubble not the dot com bubble this guy is calling it the not com bubble not the dot com bubble because in fact a lot of these companies are just masquerading as tech company because in fact a lot of these companies are just masquerading as Tech Companies<\/a> theyre not actually Tech Companies<\/a> we work its not a tech company its theyre not actually Tech Companies<\/a> we were. Its not a tech company its the same Old Fashioned<\/a> commercial Real Estate Lending<\/a> and leasing the same Old Fashioned<\/a> commercial Real Estate Lending<\/a> and leasing sort of thing thats been going on its a boring industry thats been around for hundreds of years and sort of thing thats been going on as a boring industry thats been around for hundreds of years and its the same industry but its just been was branded as some sort of high tech and its the same industry but its just been was branded as some sort of high Tech Software<\/a> company where you can get big multiples so why is calling and not com is because Software Company<\/a> where you can get big multiples so why is calling and not com is because the ordinary investor is way smarter right now than the v. C. Funds because the ordinary investor is way smarter right now than the v. C. Funds because when the web browser netscape went public august 9th 1905 does when the web browser netscape went public aug 9th 1905 the day many sites as the beginning of the dot com bubble its stock skyrocketed from 28. 00 day many site to the beginning of the dot com bubble its stock skyrocketed from 28. 00 to 75. 00 in a matter of hours even though the company was not profitable dollars to 75. 00 in a matter of hours even though the company was not profitable and todays market the opposite is happening unicorns with no positive earnings are getting slaughtered in todays market the opposite is happening unicorns with no positive earnings are getting slaughtered at the gates we were expel you ation fell more than 80 percent pre i. P. O. At the gates we were expel you ation fell more than 80 percent pre i. P. O. When investors balked at its mounting losses peloton lift and goober have also struggled to present investors balked at its mounting losses peloton lifton hooper have also struggled to persuade Public Market<\/a>s to grade them on a curve also their stock prices fall on the day of the possible a Public Market<\/a>s to grade them on a curve also there. Prices fall on the day of the Public Offering<\/a> institutions and Retail Investors<\/a> are refusing to fork over to unicorns Public Offering<\/a> institutions and Retail Investors<\/a> are refusing to fork over to unicorns the valuations that private investors were expecting particularly softbank the valuations that private investors were expecting particularly soft bank a major backer of a lift and we work this isnt a picture of mass meet a major backer of a lift and we work this isnt a picture of mass media its a picture of public so brian a where the masses are diagnosing and its a picture of public so brian where the masses are diagnosing an acute fever in private markets bring that back to the Opening Statement<\/a> where i said that acute fever in private markets bring that back to the Opening Statement<\/a> where i said this because he watched because he watched her income port every when theyve been covering that weve weve been i remember him. Showing charts and saying when we sit in 3 or 4 years ago were saying then we were a list the 3 or 4 years ago saying that lifton these companies were. Not that they were under threat and that the scheme that they say you were that one pandey they would try to put on that in the one day they were trying to dump it on the Public Market<\/a>s so i think this is also part of that censorship Public Market<\/a>s so i think this is also part of that censorship d. Platforming sort of thing that we see is like the the corby platform sort of thing that we see is like the the Corporate Media<\/a> doesnt have control over the dummies you know the dumb money that used to be called the dumb money the have control over the dummies you know the dumb money that used to be called the dumb money the average ordinary investor out there that is used to dump the private investor average ordinary investor out there that is used to dump the private invest. Better money on to that until ive come up at the naama dot com fun if im going down that if there are going back to that era it was technology a Software Problem<\/a> Technology Driven<\/a> where technology is a Software Problem<\/a> its Technology Driven<\/a> where the pitch would be were going to do publishing on the internet the pitch would be were going to do publishing on the internet you know in that magazines and newspapers will become redundant people will get their news you know in that magazines and newspapers will become redundant people will get their news on the internet at the time nobody believed that. Email use on the internet at the time nobody believed that an email at that time im a member hollywood at the time imo is always worth working and if it were it would you have if you have a mail address it was considered a class a because you were considered a nerd nobody with it was dress it was considered a class a because you were considered a nerd nobody with respectable would have an email address you know the that thats how until the blair witch project spectacle would have an email address you know the that thats how until the blair witch project and then everything changed in hollywood because of the internet but here the story of the in than everything changed in hollywood because of the internet but here the story of the not com vc driven unicorn craziness not calm the sea driven unicorn craziness is even more bizarre in that Companies Like<\/a> we work is even more bizarre in that Companies Like<\/a> we work the pitch was theyre going to own the Global Real Estate<\/a> market the pitch was theyre going to own the Global Real Estate<\/a> market. So the founder was saying that the Global Real Estate<\/a> market is that so the founder was saying that the Global Real Estate<\/a> market is 5 trillion dollars or 10 trillion dollars and that we could own it and that 5 trillion dollars or 10 trillion dollars and that we could own it and that pets raised tens of billions of dollars that would be like saying im going to its raised tens of billions of dollars that would be like saying im going to im going to start farming you know kumquats on the dark side of the moon im going to start farming you know kumquats on the dark side of the moon because its its just im the the center of the story because its its just im the the center of the story that encourages people to take these risks in this era that were just coming through that encourages people to take these risks in this era that were just coming through has become even less less substantial its never have such lives has become even less less substantial its never have such such stories with less substance have raise some money money money for such stories with less substance but have raise some money money money from so such a high concentration of the seas and now as you point out its become so such a high concentration of the seas and now as you point out its collapse and of course there unicorns which are mystical magical creatures so of course theyre unicorns which are mystical magical creatures so it was always that and it is a world of negative Interest Rates<\/a> so there we have gone was always that and it is a world of negative Interest Rates<\/a> so there we have gone kind of through a Looking Glass<\/a> where maybe hugh might imagine that this time having fun kind of through a Looking Glass<\/a> where maybe he might imagine that this time having huge lie. Losses and being subsidized by your investors and your bond holders because remember huge losses and being subsidized by your investors and your bond holders because remember there were people Bond Investors<\/a> pouring money into. There were people Bond Investors<\/a> pouring money into. And subsidizing huge percentage of every ride you take in super and subsidizing huge percentage of every ride you take in super is subsidized by these crazy investors i dont know why they pay for half of my or i but they do it is subsidized by these crazy investors i dont know why they pay for half of my or i but they do and i take it and thank you its very polite of them but there they were never earning money in there when i take it and thank you its very polite of them but there they were never earning money and there was no hope for it we also talked about this in terms of the Shale Oil Production<\/a> box no hope for it we also talked about this in terms of the Shale Oil Production<\/a> Bond Investors<\/a> are pouring money into it billions and billions of dollars your Pension Fund Investors<\/a> are pouring money into it billions and billions of dollars your pension fund your local municipalities your like your state pensions everybodys pouring money and your local municipalities your like your state pensions everybodys pouring money into it and we kept looking at it and just looking at their earnings reports and looking at the facts and to it and we kept looking at it and just looking at their earnings reports and looking at the facts and said just quite simply they are losing money that they still havent made money said just quite simply they are losing money that they still havent made money they didnt make money when it was 20. 00 a barrel for oil they didnt make money when it was 100. 00 mi they didnt make money when it was 20. 00 a barrel for oil they didnt make money when it was 110. 00 a barrel so theyre theyre not theyre losing money the whole way because that way it read can 10. 00 a barrel so theyre theyre not theyre losing money the whole way because that way it read crean. Syndrome where they have to keep on drilling faster and faster well now its really really starting center where they have to keep on drilling faster and faster well now its really really starting to hit again just like the no not com bubble where the Public Market<\/a>s are starting to hit again just like the no not com bubble where the Public Market<\/a>s are saying do you guys arent making money and youre never going to make money well its starting to really hitting these you guys arent making money and youre never going to make money well its starting to really hit and the shale oil sector in america despite all the hype despite that and the shale oil sector in america despite all the hype despite that like what you were saying about newman with we work where hes like were going to hold the global commercial real estate like what you were saying about newman with we work where hes like were going to only global commercial Real Estate Market<\/a> member all the headlines that americas like we produce way more oil than saudi remark i remember all the headlines that americas like we produce way more oil than saudi arabia where were an Oil Rich Nation<\/a> you know like them foil Field Services<\/a> fairy be aware were an Oil Rich Nation<\/a> you know like them foil Field Services<\/a> face crisis as shale slowdown worsens shell Oil Producers<\/a> are under fixed crisis as shale slowdown worsens shell Oil Producers<\/a> are under fire from investors while most analysts see a supply glut in 2020 the 1st and 3rd fire from investors while most analysts see a supply glut in 2020 the 1st and 3rd Largest Oil Field<\/a> Service Companies<\/a> in the world saw their earnings hit in the 3rd quarter Largest Oil Field<\/a> Service Companies<\/a> in the world saw their earnings hit in the 3rd quarter due to the slowdown in the u. S. Shale drilling schlumberger took a 12. 00 due to the slowdown in the u. S. Shale drilling schlumberger took a 12700000000. 00 impairment charge related to its north American Business<\/a> a rather dramatic and 1000000000. 00 impairment charge related to its north American Business<\/a> a rather dramatic slow. Down that led to an 11400000000. 00 loss for the quarter the largest and that exploded that led to an 11400000000. 00 loss for the quarter the largest in the companys history quote thats a sizable write down from pressure pumping business thats the companys history quote thats a sizable right down from pressure pumping business that just tells you the state of north american onshore market being pretty poor said any capacity just tells you the state of north american onshore market being pretty poor said anish founder of oil and gas consultancy from a cap and energy to the cost of founder of oil and gas consultancy from a cap and energy if the cost of getting a barrel of oil in saudi arabia the galois or oil field is like 2. 00 a barrel of oil in saudi arabia the gal our oil field is like 2. 00 yeah in america to get a barrel of oil you need to borrow 20000 bucks if you borrow 20000 in america to get a barrel of oil you need to borrow 20000 bucks to borrow 20000 which is easy because what were saying here the unicorn economy that they just they learn they learn truly is attention which is easy because they were saying youre the unicorn economy that they just they learn they learn trillions at no cost ok so now when rates go up as they will because and said no cost ok so now when rates go up as they will because as night follows day as gravity exists as there is have been as night follows day as gravity exists as there is have been in hell their rates are going to go up and that means that the saudis can still get a barrel oil for 2 bucks but you cant borrow 10 to 20000. 00 while their rates are going to go up and that means that the saudis can still get a barrel oil for 2. 00 but you cant borrow 10. 00 to 20000. 00 in a barrel or in the in the u. S. If the cost of this goes up beyond what you can afford it but 1. 00 thing to bear a lot in the in the u. S. Is the cost of this goes up beyond what you can afford it but one thing we always. Mentioned was like ok where like number one when we always mentioned was like ok where like number one while producers but of course saudi arabia kuwait iran iraq russia boosters but of course saudi arabia kuwait iran iraq russia they all theyre like yeah but only cost us a few bucks like we we know youre spending 70 all theyre like yeah but it only cost us a few bucks like we we know youre spending 70 bucks to pull out that same barrel of oil right the same thing was happening with the taxi bucks to pull out that same barrel of oil right the same thing was happening with the taxi market the taxi drivers know how much it costs for all the regulations that the insurance the gasoline market the taxi drivers know how much it costs for all the regulations that the insurance the gasoline the driver and their they drive yet a year and there they are like. Eating our lunch technically right now but youre losing money late how is that even a business so theyre really right now but youre losing money les how is that even a business so theyre very similar these 2 in terms of the magical quality you have actually very similar these 2 in terms of the magical quality if you have access to Unlimited Money<\/a> and 0 percent Interest Rate<\/a> youre going to try to do Something Like<\/a> dominate to Unlimited Money<\/a> and 0 percent Interest Rate<\/a> youre going to try to do Something Like<\/a> dominate the global taxi business youre going to try to dominate the Global Energy<\/a> business youll try to dominate the global real slow ball taxi business youre going to try to dominate the Global Energy<\/a> business youll try to dominate the Global Real Estate<\/a> market those are stablished businesses you want to dominate them because youre literally being a market those are stablished businesses you want to dominate them because youre literally being given unlimited financing at almost 0 percent given unlimited financing at almost a 0 percent cost. So if youre a megalomaniac if youre a psychopath. Costs so if youre a megalomaniac if youre a psychopath youd say you know what i want to be the number one real tor on planet earth and you could say you know what i want to be the number one real tor on planet earth and you go to wall street they say well heres 50000000000. 00 and go take out some long term to wall street they say well heres 50000000000. 00 and go take out some long term leases all over the world to become the number one Property Owner<\/a> in the lease or term leases all over the world to become the number one Property Owner<\/a> in the lease or not owner for a bit and then try to rent it out on a short term basis and 0 for not owner for a bit and then try to rent it out on a short term basis and 15 months later its not worth 40000000000 or 50000000000 its actually maybe worth 2000000000 by 15 months later its not worth 40000000000 or 50000000000 its actually maybe worth 2000000000 corina one analyst going to 000 how predictable is that according to one analyst going to 0. How predictable is that its very predictable if we only go for the magic if we believe the magic story if we were very predictable if we only go for the magic if we believe the magic story if we lose the capacity to actually produce energy or if you lose the capacity to actually have lose the capacity to actually produce energy or if you lose the capacity to actually have a say in housing and Property Market<\/a> or like a food market an Agricultural Industry<\/a> say in housing and Property Market<\/a> or like a food market an Agricultural Industry<\/a> like it is to do case but is it this but. Weve used protein but weve like weve done the same that weve done with super and gasoline and with fracking is that we pretend like we can have done the same that weve done with super and gasoline and with fracking is that we pretend like we can have magical food that provides all these ingredients and nutrition theres no magic magical food that provides all these ingredients and nutrition theres no magic its the kaiser report but max and stacey dont go visit kaiser at the max and stacey dont like oh halfway out of that after the. Bleeding and weird things by the way its called superstition or magical to. Believe weird things by the way its called superstition or magical thinking believing weird things like that is not a bug in the system thinking believing weird things like that is not. A bug in the system its a feature the com is equipped in the software of our barbara i mean its a feature i think com is equipped in the software of our programming to try to connect things in the environment just in case theres a real connection. To try to connect things in the environment just in case theres a real connection. Cooked additional subversives. Cooked additional note of what was announced at the killing of some of these its inconsistent with what youre looking into and out of what was announced at the to linger some of these its inconsistent with what youre looking is no no. No. C m g s swinging my feet and also pulls me. Simply yes swinging my feet and also pulls me. To look at with a showing at the. Last 2 in the church. He looked at with a showing at the. Last 2 in the church. Hes like im sure. You have the same study. But hes like im sure. You have the same sort of. Boat of shipping. You up and most of the book is both of shipping. You up and most of the book is the one with the books and you will have still to say no i dont know what to do well with the books in your book much still to say no i dont know what the war. Or. If. It was the latest news in the us. Boys and it was the latest news in the us. Boys and believe that the yeah thats good just was going to do so. That oh yeah thats good this was the. Lyricists releaser in the story yeah hopefully it doesnt. Lyricists releaser in the story yeah hopefully it doesnt. Welcome back to the kaiser report time now to return to our conversation with demeter. Welcome back to the kaiser report time now to return to our conversation with the me of club or lived up blogspot dot com dimitri welcome back great to be with you get your club or lived up blogspot dot com dimitri welcome back great to be with you again next year over in St Petersburg<\/a> in russia we. We were talking next year over in St Petersburg<\/a> in russia we year we were talking about really whats happening the Global Economy<\/a> weve got the ascent of china weve got this thing about really whats happening the Global Economy<\/a> weve got the ascent of china weve got the ascent of russia weve got the u. S. Seemingly twiddling their thumbs youre tossed out of russia weve got the u. S. Seemingly twiddling their thumbs youre talking about russia and china pretty much as centralized government its about russia and china pretty much as centralized governments you use is afraid to face the stuff on isnt. On it as an end to end you know as a and you know as an american. I look at this as i look at the kiss and i say its a i. Would. Think that the. Centralized approach that we have in america is is something to pursue but clearly the u. S. Approach that we have in america is is something to pursue but clearly the u. S. Model is breaking down for various reasons so we got to get a perspective your perspective on this model is breaking down for various reasons so we got to get a perspective your perspective i think is extremely valuable here we want to continue and i just want to think is extremely valuable here we want to continue and i just want to ask you also though you know you know its interesting thing happening putting it in germany. A. Despite threats of sanctions germany is embracing chinas cheap 5 g. Technology sanctions germany is embracing chinas cheap 5 g. Technology the u. S. Says no 5 g. Technology and you know germany the u. S. Says no 5 g. Technology and you know germany seems to be like a swing vote here between this struggle between the u. S. Really seems to be like a swing vote here between this struggle between the u. S. China and Russia Germany<\/a> it know if they could theyve been china and Russia Germany<\/a> it know if they could theyve been a u. S. Ally they could be up for grabs they could enter into that alignment a u. S. Ally they could be up for grabs they could enter into that alignment with russia china dimitri what do you think its difficult for germany with russia china dmitri what do you think its difficult for germany because they have surrendered a great deal of their sovereignty to the United States<\/a> after world war 2 because they have surrendered a great deal of their sovereignty to the United States<\/a> after world war 2 and then. Strayed from a course if course is serious exists. Its sovereignty went over to the United States<\/a> as well so theyre not really one in charge or 2 of. The United States<\/a> as well so theyre not really in charge of their own affairs but on the other hand the americans are so asleep at the wheel right now that. On the other hand the americans are so asleep at the wheel right now that you know when the cats away to moscow the mice will play and so the germans do you know when the cats away to moscow the mice will play and so the germans do end up doing a lot of things that americans dont necessarily approve off just building lots of fact end up doing a lot of things that americans. Dont necessarily approve off just building lots of factories in russia. So i think that germany could trees in russia. So i think that germany could get closer and closer to russia as the United States<\/a> drifts get closer and closer to russia as the United States<\/a> drifts farther and farther away on terms of technological lead its father and further away on terms of technological lead you know 5 g. Is just one example there are lots of others were. You know 5 g. Is just one example there are lots of others were. Both the United States<\/a> and the europeans have lost their edge nuclear at both the United States<\/a> and the europeans have lost their edge Nuclear Energy<\/a> is as one of them for instance americans no longer know how to and actually is is one of them for instance americans no longer know how to. Enrich uranium that they really relate. To do that for them and from france to us to some extent and. But russia says by far for the 500. 00 if i missed the law in that in that program they also have missed the law and in that in that program they also have failed basically its a lot to come to terms of the state to build. A Nuclear Reactor<\/a> the competency to build Nuclear Reactor<\/a>s. And within budget. Objects. And was in budget all of their projects latest projects have been completed to set it just lift it up for the night i just accept has been complete disasters the United States<\/a> has 100 Nuclear Reactor<\/a>s producing quite a lot of what they had on the trigger its a navy cleary act and the tracers are also producing quite a lot of the electricity and these are all aging out theyre going to be shut down but they dont know how to do it or not its like they just doesnt shut that down but they dont know how to replace the United States<\/a> doesnt know how to build icebreakers anymore its been decades since they built one well the people who knew how to build icebreakers anymore its been decades since they built one well the people who knew how to build one are either retired or or pushing up daisies so theyre not a build one are either retired or or pushing up daisies so the United States<\/a> has stands no chance that in terms of exploiting the states has stands no chance that in terms of exploiting the arctic alongside russia which you know the arctic has thawing out a lot of opportunities that. The americans wont be able to make use of them not only is the arctic alongside russia which you know the arctic has thawing out a lot of opportunities that. The americans wont be able to make use of them not only is this american bigotry toward russia kind of circa sunniest america. In bigotry toward russia kind of circa soviet union times but america is perception of russias financial prowess union times but americas perception of russias financial prowess and manufacturing abilities etc are also completely out of date and manufacturing abilities etc are also completely out of date i dont think people understand that russias economy has been thriving i think people understand that russias economy has been thriving no alongside china. And this is the you know alongside china. And this is the tragedy of all this is that theres just a lack of information in the us if i watch cable news im ready of all this is that theres just a lack of information in the u. S. If i watch cable news im looks like im watching russia soviet t. V. From the 1950 s. Theres been no update it looks like im watching russia soviet t. V. From the 1950 s. Theres been no updating to anyones files over there at c. And b. C. And b. C. A b. C. They link to anyones files over there at c. And b. C. And b. C. A b. C. They are living completely in the past i want to kind of talk a little bit about these are being completely in the past i want to kind of talk a little bit about these waves of economic protests been happening across the world from chile france spain iraq waves of economic protests been happening across the world from chile france spain iraq lebanon haiti mostly to do with austerity high prices economic misled on haiti mostly to do with austerity high prices economic mismanagement is there a bigger story going on here oh yes theres the whole management is there a bigger story going on here oh yes theres the whole industry in fomenting use revolt in various countries the road to whirl industry in. In fomenting use revolt in various countries around the world it works through various western and geos. Social media and it works through various western and geos. Social Media Companies<\/a> are involved. A lot of oligarchy are throwing mud companies are involved. A lot of oligarchy are throwing money at it this is a way. Of lighting economic backfire he had it this is a way. Of lighting economic backfires in order to drain any extra cash towards the Financial Centers<\/a> and londoners in order to drain any extra cash towards the Financial Centers<\/a> in london that washington so basically if for it they would bomb a country and steal that washington so basically if for it they would bomb a country and steal its gold they did that to libya as they did that to iraq. They stole you crates glitz gold they did that to libya as they did that to iraq. They stole your crates gold cetera just to basically prop up this western bubble economy sold cetera just to basically prop up this western bubble economy scheme for a little further for a little longer now they cant even afford to just do a bombing scheme for a little further for a longer now they cant even afford to just do a Bombing Campaign<\/a> so instead they sacrifice a young people off one country after another campaign so instead they sacrifice a young people off one country after another you know thinking that you know this is the meat generation not the milk generation because by never you know thinking that you know this is the meat generation not the milk generation because financially theres no way to milk these young people so what actually theres no way to milk these young people so what why dont we just go ahead and sacrifice them and you know this is just a were just. Go ahead and sacrifice them and you know this is just a way of causing capital flight. Knocking various economies say of causing capital flight. Knocking various economies out so that they cant compete for increasingly out so that they cant compete for increasingly scarce financial resources. You know this is this is a scarce financial resources. You know this is this is a very nasty thing thats going on it has very little to do with with corruption as i like to say a very nasty thing thats going on it has very little to do with with corruption as i like to say the United States<\/a> is the most corrupt country in the world because their corruption corruption he noted states is the most corrupt country in the world because their corruption corruption has been legalized its coke lobby all other countries in the world are less corrupt than the united has been legalized its coca lobby all other countries in the world are less corrupt than the United States<\/a> so western inspired anticorruption drives here and there and everywhere states so western inspired anticorruption drives here and there and everywhere you know that thats just propaganda that thats just a rabble rousing kind of flare you know that thats just propaganda that thats just a rabble rousing kind of approach when you say the u. S. Is the most corrupt nation you know id love to approach it well when you say the u. S. Is the most corrupt nation but id love to be able to argue thats not the case but then i remember jamie dimon over there j. P. Morgan to be able to argue thats not the case but then i remember jamie dimon over there j. P. Morgan being prosecuted and investigated for racketeering and massive multi 100000000000. 00 being prosecuted and investigated for racketeering and massive multi 100000000000. 00 of fraud its hard to argue what youre saying you know you mention dollars and from. God its hard to argue what youre saying you know you mention that the Financial Centers<\/a> london and new york are the centers of that the Financial Centers<\/a> london and new york are the centers of this global corruption and i think about russia russia doesnt have this global corruption and i think about russia russia doesnt have that kind of Financial Center<\/a> it is got its kind of lab that kind of Financial Center<\/a> is got its kind of like divorcing itself from the financial ization of the Global Economy<\/a> by divorcing itself from the financial ization of the Global Economy<\/a> by buying hundreds and hundreds of tons of gold you know theyre going is russia going to come a buying hundreds and hundreds of tons of gold you know theyre going is russia going to come out with a gold backed currency i realize this is a bit of speculation but it seems like russia may not with a gold backed currency i realize this is a bit of speculation but it seems like russia maybe russia and china are going to come out with a gold back or partially gold backed currency be russia and china are going to come out with a gold back or partially gold backed currency or china has been speculated well now theyve got 20000. 00 tons of gold which is more than anyone or china has been speculated well now theyve got 20000. 00 tons of gold which is more than anyone understand that they have or might have is that is that going to be we understand that they have or might have is that is that going to be you know you wrote the collapse gap and is that the pin on that you know you wrote the collapse gap and is that the pin on the hand grenade thats going to be pulled thats going to put the dollar into a hand grenade thats going to be pulled thats going to put the dollar into a fatal tailspin the death dive is that somebody is going to announce a gold back or a fatal 10. Spend a death dive is that somebody is going to announce a gold backed currency to major i think the strategy both for russia for china is to let the americans and see to major i think the strategy both for russia for china is to let the americans do it all to themselves by themselves. Do it all to themselves by themselves their wont be anyone but themselves to blame. They america wont be anyone but themselves to blame. They americans are following along with this program really well with a program of south sanctions limit answer following along with this program really well with a program of sept sanctions limiting peoples access to dollar transactions threatening to cut people off from the swift peoples access to dollar transactions threatening to cut people off from the Swift Network<\/a> for instance theyre basically psyched for the branch on which theyre perched at work for instance theyre basically psyched for the branch on which theyre perched theyre doing that themselves nobody has to help them now what russia and china will do theyre doing that themselves nobody has to help them now what russia and china will do is continue to do trade between the 2 countries and with other who is continue to do trade between the 2 countries and with other countries. For imperius other trade consortia based on low countries. For imperious other trade consortia based on local currencies there is currency swaps will be backed by gold get gold all currencies there is currency swaps will be backed by gold get gold guarantees if you will just to stabilize things to make sure that its not guarantees if you will just to stabilize things to make sure that its not just a perk but thats probably all its going to be and of course nobody is really just a part but thats probably all its going to be and of course nobody is really interested in major financial destructions which will occur but they will be interested in major financial destructions which will occur but they will be produced by the United States<\/a> acting alone a money for a while and i know that if he produced by the United States<\/a> acting alone a money for a while and i know that background in engineering you know when you think about this boeing 737 scan background in engineering you know when you think about. This boeing 737 scandal they know the plane they are outsourcing software to minimum wage workers and all the other plane they are outsourcing software to minimum wage workers in india while the executives are buying back billions of stock for themselves and making a killing india while the executives are buying back billions of stock for themselves and making a killing and you know that seems pretty corrupt to me did you take a look at that what it what do you think and you know that seems pretty corrupt to me did you take a look at that what it what do you think its really miserable how the engineering culture in the United States<\/a> has decayed its really miserable how the engineering culture in the United States<\/a> has decayed and its its really a question of who is in charge the business not the funny. And its really a question of who is in charge the business not the financiers or the engineers and the whole mindset in the United States<\/a> is you cant sears or the engineers and the whole mindset in the United States<\/a> is you basically hire and fire at shares as needed to do a particular job you basically hired fire and shares as needed to do a particular job if you find an engineer who is cheaper in india then you hire him even if you find an engineer who is cheaper in india then you hire him even if other engineers will tell you that well the level of competence is just not the same it doesnt matter if other engineers will tell you that well the level of competence is just not the same it doesnt matter its all about money none of it has to do with the characteristics of a physical style about money none of it has to do with the characteristics of a physical systems at all and basically its a prescription for disaster because money systems law and basically its a prescription for disaster because money money meant do not understand engineering to the extent needed you know to effectively money meant to not understand engineering to the extent needed you know to effectively manage imagine an idjit. Now i want to go to china has so many raw emotions a mistake to promote and just need a players from engineering to points off responsibility risk exactly the killer of the responsibility but if they dont respect hard arms of money they dont just hire money to do that to do that but i love your point a point about milk and meat. Theres you know theres you can milk this next. Justin that. Will do it suggest that we only all the dead to ourselves he says he just be milking the the youth until they can only all the dead to ourselves he seems to just be milking the the youth until they can no longer be belts and then their meat in the case of the us all the student debt has for under the belt and then their meat in the case of the us all the student debt has forced the students now to go off for their meat as military the students now to go off for their meat as military conscripts to go fight people there even know who theyre fighting its just a generic very conscripts to go fight people there even know who theyre fighting its just a generic war that they go out and try to pay back their student debt and certainly a see that a war that they go out and try to pay back their student debt and certainly a see that happening let me you know as again another engineering question negative interest are happening let me you know as again another engineering question negative Interest Rates<\/a> you know last time we talked there is no such thing existed and it had never been contemplated rates you know last time we talked there is no such thing existed and it had never been contemplated in the history of the world this is an engineer. In the history of the world this is an engineer. Something going on the financial engineers here negative Interest Rates<\/a> is it crazy what do you think about this thing going on the financial engineers here negative Interest Rates<\/a> is it crazy when you think about this with negative Interest Rates<\/a> will become these financial and to poach to hop around on their heads with negative Interest Rates<\/a> will become these financial and to poach to hop around on their heads you know were paid to borrow we are fight for savings you know were paid to borrow. Were fight for saving. Its its insane and it it will go up. Its its insane and it it will go on for any length of time because basically the incentives for participating on for any length of time because basically the incentives for participating in any kind of a banking scheme evaporate so the only faith in any kind of a banking scheme evaporate so the only thing you have left is kind of force like there is no cash you have to you have left is kind of force like there is no cash you have to yes you are your credit card for everything. Oh your body has to be within the size you or your credit card for everything. Oh your body has to be within the side actual institution which will slowly confiscated over time. And actual institution which will slowly confiscated over time. Co is going to go along with that scheme you know who for any length of time will put out who is going to go along with that scheme you know who for any length of time will put out with that sort of nonsense so its just a question of time theres a lot of social and airship people with that sort of nonsense so its just a question of time theres a lot of social interaction of people will you know because theyre losing a little bit of money at a time right now. Well you know because theyre losing a little bit of money at a time right now. You know theyll put put up with it for the time being but you know you know theyll put put up with it for the time being but you know i did some like Straight Line<\/a> project projections in terms of ever lower Interest Rate<\/a> i did some like Straight Line<\/a> project projections in terms of over lower Interest Rates<\/a> and if you just like plotted out it turns out you know lets add if you just like plotted out it. You know looks like were going to have to have ever more negative interest thats what a lot of guests of its like were going to have to have ever more negative interest thats what a lot of guests of ours are saying and were going to go quick question how long would it take me to grow a bit of ours or say im going to go quick question how long would it take me to grow a beard like that 3 years thank you to major for bringing all the cars were for thank you eric like that 3 years thank you to major for bringing all the cars are for thank you right well thats going to do it for this edition of the kaiser report with me max kaiser and to you right well thats going to do it for this edition of the kaiser report with me max kaiser and Stacy Herbert<\/a> want to thank our guests mitri orloff joining catch us on twitter its kaiser report and its a lot easier but i want to thank our guest Amaechi Orloff<\/a> joining catch us on twitter its kaiser report until next time. We have this little kids we sure are talking surprise us which was no surprise we love this little kids we sure are talking surprise us which was a surprise for me i was on the council and all sorts of well this these honest for me i was on the council and all that about that thought well this is these are people become to found their own kind so no need to trouble myself about media people become to found their own kind so no need to trouble myself about it so i wasnt ready for the magnitude of things happening that i wasnt ready for this magnitude. All things happening when they began to happen it was the sign that the society as a band broke when they began to happen it was the sign that the society as it is wasnt ready to we asked what it sees as a country is was ready to we asked what it sees as a country where. We are. Dissenters being criminalized. Dissenters being criminalized speech is being arrested just blumenthal editor of the gray zone speech is being arrested just blumenthal editor of the gray zone project and a leading investigative journalist increasingly questioning mainstream project and a leading investigative journalist increasingly questioning Mainstream Media<\/a> narratives and interrogating policymakers can get you banned d. V. D. A narratives and interrogating policymakers can get you banned monetized the rest of. Monetized even the rest of. The. Just because he didnt. Know what is it just wasnt just one of the 1st 5 steps to someone but now its just us thats one of the 1st steps to someone but. For the 1st part of the book its. Not the same. For the 1st part of the book its that. Just look at. Life from a downtown become a blogger he lives in a walk of. Life from a downtown become a blogger he lives in a Water Company<\/a> housing compound miles from anywhere in a tiny village that doesnt even accompany housing compound miles from anywhere in a tiny village that doesnt even have a name. But he is convinced that soon polls that will then have a name. But he is convinced that soon polls that will change. The avenue last book in the minya simeon change. The. Book to the minister mia of those they did you even those in the good to business the books and still making those your up of those they did you even knew the business the books and was the making them as you all say the to be a more some bread not swayed also the to be a more some bread not sway you through it says of the mr to work in the post in your book. You threw it ses at the mr to work in the post in your book. Question a. Question. Every day of the week. Every day of the week so horace him","publisher":{"@type":"Organization","name":"archive.org","logo":{"@type":"ImageObject","width":"800","height":"600","url":"\/\/ia803108.us.archive.org\/31\/items\/RT_20191101_040000_Keiser_Report\/RT_20191101_040000_Keiser_Report.thumbs\/RT_20191101_040000_Keiser_Report_000001.jpg"}},"autauthor":{"@type":"Organization"},"author":{"sameAs":"archive.org","name":"archive.org"}}],"coverageEndTime":"20240716T12:35:10+00:00"}