A billionaire hes an austerity and people dont resignation hes a billionaire hes an austerity and people have had enough. Weve had protests in lebanon weve had had enough. Weve had protests in lebanon weve had protests in haiti weve had protests in egypt and spain so tess in haiti weve had protests in egypt and spain so a lot of them are about this global insurrection and get all the reaction rationally divs banker occupation a lot of them are about this global insurrection and get all the acceleration it gives banker occupation thats what we call it we said and you know they got over there its so thats what we call it we said and you know they got over there its so what i call i came up with i mean metaphor its the stone blower you know that with a style blower of a car came up with a new metaphor its the stone blower you know that was a style blower. You know a push down the sidewalk or the road there and it blows all the snow in a push it down the sidewalk or the road there and it blows all the snow off to the side. A sickly and it leaves a flat off to the side. A sickly and it leaves a flat non snowed surface so these Central Bank Policies they blow all the non snowed surface so these Central Bank Policies they blow all the money into the pockets of the top 110th of one percent and they leave money into the pockets of the top 110th of one percent and they leave everybody else without anything right and they have everybody else without anything right and they do this with Financial Engineering and policy initiatives do this with Financial Engineering and policy initiatives so its not an accident its not these huge walls that income gaps dont happen its not an accident its not these huge walls of income gaps dont happen because of some odd accident by design and because of some odd accident by design and you know we shown on this show for 10 years like ok we said jamie dimon was in the you know we shown on this show for 10 years like ok we said jamie dimon was engaged in racketeering to to fix prices in the gold market to manipulate prices engage in racketeering to to fix prices in the gold market to manipulate prices and to ingratiate into you know in it and to ingratiate into you know in a lot of people and then its finally they hes now being in poverty a lot of people and then its finally they hes now being. Investigated and prosecuted under racketeering right those are individual investigated and prosecuted under racketeering right those are individual crimes and those are with bad intent the Central Banks and the treasury crimes and those are with bad intent the Central Banks and the treasuries and the fact that the treasuries and the governments have abdicated their role in the cause and the fact that the treasuries and the governments have abdicated their role in the economy to the Central Banks who they believe are experts living in ivory towers those people to me to the Central Banks who they believe are experts living in ivory towers those people might think theyre well intentioned but what they have created is a globally prick might think theyre well intentioned but what they have created is a globally precarious situation i the vast majority of people are precarious and they actually have to work for an area situation i the vast majority of people are precarious and they actually have to work for another ok so over there at the bank of england on the market it was shown that he was so over the bank of england on the market it was shown that he as an individual was engaged in libel or rigging yes and as in any as an individual was engaged in libel or rigging yes and as an individual he runs the central bank so theres a few main Central Banks run by individual he runs the central bank so theres a few main Central Banks run by individuals and theyre committing fraud crime starts at the top as would say intervention and theyre committing fraud crime starts at the top as would say it trickles down thats the trickle that the system itself is rigged and closed down thats the trickle that the system itself is rigged and therefore anybody who has a job within that system or functions in that system will therefore anybody who has a job within that system or functions in that system. Will become corrupted by that fundamental layer that is the corrupt model become corrupted by that fundamental layer that is the corrupt Monetary System and here for example in chile and why people are protesting here why terry system and here for example in chile and why people are protesting here why i believe they are genuine protests and sure outside actors may intervene as i believe they are genuine protests and sure outside actors may intervene at some point or perhaps they are whatever but one and a half 1000000 people showed up in the streets in point or perhaps they are whatever but one and a half 1000000 people showed up in the streets Branko Milanovic who is one of the experts if not the foremost expert in the world rocco milan of it who is one of the experts if not the foremost expert in the world on inequality and he has studied this for the past few decades he tweeted in the knowledge on inequality and he has studied this for the past few decades he tweeted in the new 20132014 Global Income distribution data just completed the beauty 10132014 Global Income distribution data just completed the bottom 5 percent in chile or at the same income level as the bottom 5 percent in modern 5 percent in chile or at the same income level as the bottom 5 percent among gold and moldova so we all recognize that moldova and ungoliant and moldova so we all recognize that moldova and mongolia are developing nations their poor nations and the bottom in mongolia are developing nations their poor nations and the bottom 5 percent in chile are equal to those meanwhile the top 2 percent and she live percent in chile are equal to those meanwhile the top 2 percent in chile and this is probably under estimated he says have the same income as the play and this is probably under estimated he says have the same income as the 2. Top 2 percent in germany germany is an industrial powerhouse with a massive eckhardt 2 percent in germany germany is an industrial powerhouse with a massive export market huge Wealth Creation on the top 2 percent until a export market huge Wealth Creation and the top 2 percent until they are equal to the top 2 percent in germany right now if seen those t. Shirts are equal to the top 2 percent in germany right what youve seen those t. Shirts are bumper stickers or whatever the say the beatings will continue until morale improves bumper stickers or whatever the say the beatings will continue until morale improves right its ironic right because were else not going to improve if you keep beating on people and if its right its ironic right because were else not going to improve if you keep beating on people here now here they can chill a the policy is to bankrupt the country to eviscerate now here they can chill a policy is to bankrupt the country to eviscerate the middle class and to reward the kleptocracy thats the policy and the rate the middle class and to reward the kleptocracy thats the policy and those of the when when this kleptocracy notices that is the when when this kleptocracy notices that theres a 1000000 people on the street that have been impoverished to their policies their responses to it theres a 1000000 people on the street that have been impoverished to their policies their response is to double down right as well as like that in one country double down right as well as like that in one country they use this phrase price tag if you point out how they are engaged in mastery they use this phrase price tag if you point out how they are engaged in massive corruption they double down so here in chile a and in other countries if you point of corruption they double down so here in chile a and in other countries if you. Point out to them hey youre engaged in massive corruption they double down and they just make even more empowered to them hey youre engaged in massive corruption they double down and they just make even more impoverished and theres no pushback theres no law against it in a manner that the United States offers and theres no pushback theres no law against it in the United States theyve got rid of all the regulations right so theres no way to stop it and in the bank of england of england of course theyve got rid of all the regulations right so theres no way to stop it and in the bank of england of england of course its sort of the purest case of a kleptocracy and so its now that spend with spirits or the purest case of a kleptocracy and so its now that spend spread to the core Business Model of also untrue there are conspiracies going on all over spread to the core Business Model of also entropy there are conspiracies going on all over the place and as we pointed out the conspiracies to rig Precious Metals markets we preserve the place and as we pointed out the conspiracies to rig Precious Metals markets we presented it here in christ report back in 2011 people said it was a Conspiracy Theory and indeed and today here in christ report back in 2011 people said it was a Conspiracy Theory and indeed it was a theory of our is that it was being rigged and there was racketeering going on it is now a conspiracy was a theory of our is that it was being rigged and there was racketeering going on it is now a conspiracy indeed in fact as the department of justice is charging them there is a conspiracy indeed in fact as the department of justice is charging them there is a conspiracy going on in the repo markets we know for a fact pearcey going on in the repo markets we know for a fact that Central Banks well the new york fed in particular is conspiring to that Central Banks while the new york fed in particular is conspiring to rig something we dont know what is going on because it is a black hole we dont and a black bar exam thing we dont know what is going on because it is a black hole we dont and a black. Bob jones we dont know dont know. Which banker or which which shattered shell battle banking member who. Is in jail all and we have this and we have lined this have to line. Here and there i can fax fact from fred and he says read hickey and he says this mass of daily fed interventions in big business appears to be getting getting worse and worse what is the fed hiding the longer this goes on and the bigger the interventions worse what is the fed hiding the longer this goes on and the bigger the interventions get the more my confidence is shaken i expect thats true for other investors to get the more my confidence is shaken i expect thats true for other investors too and he was responding to a tweet from brad houston about the fed temporary repose and he was responding to a tweet from brad houston about the fed temporary repos on september 17th they said were doing repose today and tomorrow on september 19th on september 17th they said were doing repose today and tomorrow on september 19th they said were extending repos until october 10th 75000000000 overnight 30000000000 they said were extending repos until october 10th 75000000000 overnight 30000000000 term and then on october 4th were extending repos into levon 141011 were going in term and then on october 4th were extending repos into levon 141011 or extend repos until january 20201023 were expanding overnight repo offering to 120 percent of repose until january 20201023 were expanding overnight repo offering to 120000000000. 00 a 45000000000. 00 term theres a run on the bank for the 1000000000 or 45000000000. 00 term theres a run on the bank for the highest liquid shortest term base money paper and highest liquid shortest term base money paper and. There is not sufficient quantities to keep the system and there is not sufficient quantities to keep the system afloat and some major bank could be j. P. Morgan thats my guess is some afloat and some major bank could be j. P. Morgan thats my guess is to announce bankruptcy or insolvency arent Deutsche Bank soon to announce bankruptcy or insolvency arent Deutsche Bank. And this is of course look at the numbers i bounce on stunting and this is of course look at the numbers i bounce on stunting 2021 have we seen such a collapse and based money in fact were going to go to a headline here at 2021 and weve seen such a collapse and based money in fact were going to go to a headline here and talks exactly about that and that shows the data that the base money supply talks exactly about that and that shows the data that the base money supply is declining at the same rate of 12021. 00 gold credit and the cry is declining at the same rate of 12021. 00 gold credit and the coming financial collapse since 2016 the us Monetary Base has declined by coming financial collapse since 2016 the us Monetary Base has declined by about 23. 68 percent this is the deepest and longest the kleine about 23. 68 percent this is the deepest and longest the kleine since the Federal Reserve was formed on december 23rd 1913 this should not be since the Federal Reserve was formed on december 23rd 1913 this should not be ignored the last time there was a decline close to this magnitude there was a sharp divide ignored the last time there was a decline close to this magnitude there was a sharp deflationary recession that was the one that occurred from 1920 to 21 recession that was the one that occurred from 1920 to 21 heres today you can see the decline in the Monetary Base and back there in one hears today you could see the decline in the Monetary Base and back there in 1921 and just for you know definition purposes that were 22021 and just for you know definition purposes that were on the same page he just finds the Monetary Base as the foundation par on the same page he just finds the Monetary Base as the foundation. Part of the money supply and represents the most liquid part of that basics of the money supply and represents the most liquid part of it it basically acts like gold and a 100 percent funded Gold Standard a cli acts like gold and a 100 percent funded Gold Standard it represents the final settlement of a transaction it represents the final settlement of a transaction right thats the key is the settlement layer as its called with the most like what thats the key is the settlement layer as its called with the most liquid highest grade paper government paper if these banks like j. P. Morgan or Deutsche Bank at highest grade paper government paper if these banks like j. P. Morgan or Deutsche Bank are unable to settle trades because they dont have the cash to settle the trade and are unable to settle trades because they dont have the cash to settle the trade then when the end of the quarter comes theyre going to have to by law if they if theyre then when the end of the quarter comes theyre going to have to by law if they if there is the rule of law anymore and thats an open question announce that they are insolvent and there is the rule of law anymore and thats an open question announce that they are insolvent and therefore theyre going to set off a cascade and a contagion. Will be a contin therefore theyre going to set off a cascade and a contagion. Will be a continuation of the 2008 crisis but much much worse because in the 2000 a crisis situation of the 2008 crisis but much much worse because in the 2008 crisis the response by Central Banks was to inject 16 or 17 trillion of us the response by Central Banks was to inject 16 or 17 trillion of money into the system and the hope was that this would create growth money into the system and the hope was that this would create growth. G. D. P. Growth and taxable revenue to pay down some debt but instead the bank d. P. Growth in taxable revenue to pay down some debt but instead the banks simply took that money and hoarded it on their own Balance Sheets and they simply took that money and hoarded it on their own Balance Sheets and they in turn did not lend it out into the economy they did not create any meaningful g. Turn did not lend it out into the economy they did not create any meaningful g. D. P. Growth and in fact over leverage the economy 10 times greater than n. D. P. Growth and in fact over leverage the economy 10 times greater than it had been in 2008 so now the debt bomb it had been in 2008 so now the debt bomb is exploding and the fed is desperately trying to cover it is exploding and the fed is desperately trying to cover it in the repo market which is like trying to put that fire in california with a scorching the repos market which is like trying to put that fire in california with a squirt gun so the final settlement of a transaction thats the gun so the final settlement of a transaction thats thats cash thats gold thats big queen thats cash thats gold thats big queen theres no counterparty risk these people in the Financial Markets do not want to swap that no counterparty risk these people in the Financial Markets do not want to swap that for any instrument with a Counter Party were seeing. For any instrument with a Counter Party were seeing huge run on the counterparty market nobody wants any any sort of instrument with hug