R 10. 00 it travis exactly right so this plays into the steam of neo feudalism everything being taken private so it is i mean that means for example walgreens but its already a merger as you discussed theres fewer and fewer competing Companies Competing with each other theyre all being consolidated into an oligarch play them in a monopoly and then they are taken private 70000000000. 00 deal largest private equity deal over those deals are going to need to become bigger and bigger will say 150000000000 dollars 300000000000 dollars im sure Warren Buffett also Berkshire Hathaway in a 600000000000. 00 deal with some saudi prince at some point but its all being taken private and thats just another stepping stone along the way of that trend weve been talking about here for a few years and if theyre spending 70000000000. 00 and its not their money theyre borrowing that 70000000000. 00 or 7070 1000000000. 00 against the assets of walgreens boots i. E. The Pension Funds of all the m. Ploy the buildings in which walgreens lives theyll just sell it all off pay themselves a huge dividend leave the 70000000000. 00 of debt with the public shareholders when theyve bring it back to the market and dump it on our pension for a leveraged buyout just to be clear youre youre pledging the assets of the company to borrow the 70000000000. 00 in this case from the central bank that will charge you nothing for it then you make the acquisition and then you make a few spin offs like the pension accounts to pay back that debt and you keep the keep the rest i mean thats what ray dal you know is essentially talking about when he says billionaires like himself or henry kravis or Steph Stephen schwarzman they get to borrow for free at the fad and then destroy the livelihoods of the bottom 50 to 90 percent of the population sells 500000000 dollars in stock i dont know how to pronounce his name kalanick hes the guy who was ousted he gets 500000000 dollars and by the way his new his replacement of course praise thing. M. B. s you know mohammed bin solomon from saudi arabia essentially he was saying well we all make mistakes about him not chopping up a journalist. Of course 3 transforming the taxi business around the world and becoming a monopoly in the taxi business and one of the founders there for half a 1000000000 who was caught doing a lot of nasty things and his successor praising the decapitating m. B. s guy over the the saudi yeah yeah he said because we all make mistakes like having cars that are not repeatable he equated it with that heres for the bottom 99 percent this is our life Health Websites share personal medical data with advertisers so again youre being plundered picked apart its like private equity youre there plundering your soul your your pension your wealth your dignity this is a case for universal basic income because data is the new oil that supplies the lubricant for the new economy and to have my data stole. And for me all the time without compensating me for that data is set well its beyond even that i dont i wouldnt sell mine for a 1000000. 00 i had i you know and they would only want to give me you know a 100 bucks but the fact is there is a thing called dignity and one needs dignity before one can be a human so were either docs on that while gras farm that you started off the top or youre the person sticking the you know the gunk down always have the option you know i have the option and maintain my dignity or i have the out of the cell my dignity you know but at least give me the option just dont steal my dignity of course if somebody walked into some individual off the street walked into your Doctors Office after you had just been in there and said hey can you give me maximizers data that you just talked about there like that it would be an arrest right that your doctor would be arrested that its all that hipaa stuff there is a patient confidentiality on line somehow its all math is cool you call yourself an internet or Software Provider and suddenly there are no rules that apply do well multiple personality disorder can be profitable because you can self they can be in your multiple personalities thats a good idea of course europe has a different sort of sense of dignity it is where our farms are but for the human europe must rest control of data from Silicon Valley warns Angela Merkel of course they have the rest in control and this is an issue between trump and merkel he says theyre unfairly targeting Silicon Valley companies and that we have to stop this its all so that adds to be delivered the moment you have the idea of buying something with a credit card that you can afford so that you can have a way to relieve the pain of having an existential crisis of your dignity money without any compensation speaking of pain that segues brilliantly and to my next headline negative yield in bonds turned into punishment bonds so remember all those negative yielding bonds weve been talking about well theres been the blood. There hasnt been covered much in the news except for of course the Financial Press but after peak negative yield absurdity in august bond prices fell the bond a bloodbath and the mountain of bonds with negative deals has plunged by 5 trillion dollars or by 30 percent despite negative rates so in the euro zone where the e. C. B. In september cut its deposit rate deeper into the negative long term wheels have risen across the board so member all those people buying 30 year bonds. Switzerland was the 1st to go negative in europe well theyre less negative now so in europe in switzerland it was negative 1 point one percent now its soared by 70 basis points to negative point 4 percent which explains how much her that would be to get back to my comment at the top of the show the all time highs the stock market cash has to come from somewhere so most of it comes from the money printing going on the central bank but the central bank cant print fast enough to keep dissipating new all time highs so the Market Makers who are driving those prices need to steal it from somewhere else one big place they steal from is the bond market and from the pension market they are forced to buy negative yielding bonds where they are guaranteed losses so that that extra cash that is being pilfered off the top can go into the Market Making to get those stocks at all time highs and of course those bonds with a negative deal to begin with once they have any kind of down day as volatility comes into the mix and you have gobs and downs in the bonds are now down so youve got a loss on top of a guaranteed negative b. Ill and the results are complete and utter wipe out but those losses are needed those sacrifices by pension accounts that only Building Bonds are needed so all those new hires are the result of those pension councils bondholders dying on the field of negative rates according to wall street so were lets look deeper at this in particular this with swiss situation and what happened to those investors. Who we were mocking at the time saying this is going to be horrible for them but in switzerland the 1st country to actually sell new 10 year bonds with a negative yield in april of 2015 the 10 year yield had bottomed out at a negative 1 point one percent on aug 16th and has since soared 70 basis points to negative 0. 4 percent those are true punishment bonds for folks who bought them in mid august for those buyers the annual yields will continue to be negative 1 point one percent until they can get rid of those bonds but now the bonds are also losing value and if those august buyers want to sell the bonds they will also have a capital loss yeah exactly its a lose lose equals a big loss and this was also Insider Trading racket because a negative building bond by definition will without doubt be a loser so you can again borrow tons of money from the 0 percent Interest Rate window at the Federal Reserve and short those bonds remember as those bonds go down like we saw on grace there were over a trillion dollars those were made by racketeers who were making bets on the collapse of greece while they were you know arsonist tickly destroying greece and heres another example of that another pain punishment sort of movement here ok boomer stop buying stocks fidelity warns Fidelity Investments in its 3rd quarter retirement report has a new warning for its greedy baby boomer clients Portfolio Risk has never been higher as retirees are overly exposed to equities running a serious risk that the next market meltdown could wipe out their retirement accounts their report notes that more than 33 percent of baby boomer clients have exceeded fidelity is recommended allocation to equities so theyre chasing the fed there to chasing trunks tweets about the markets higher than chasing their home and theyre acting like momentum traders on this were not right but you know the delegate. Comments are based on what exactly a few metrics that they are saying historically dont line up what im saying is that historically this is an unprecedented moment where youve got the entire s. And p. 500 being taken private and it doesnt matter what price that is taken private that if the money youre using to borrow to take it private is free the stock market could go from 28260008 doesnt make any difference if its just being all taken private with free money shockingly 10 percent of all boomer clients have given up on traditional retirement accounts and have allocated 100 percent of their savings into stocks and i saw actually speaking of boomers allocating 2 stocks bill gates himself they said that he gave away 35000000000 dollars last year but he made more than that on his stock portfolio because hes 60 percent allocated to stocks analysts of course were surprised retirement analysts for surprise he had so much allocated to stocks but 100 percent 10 percent of boomers have 100 percent of their wealth in stocks the fact is that a you know no load Index Tracking Fund as it exists or reconstructing constituted as such going back 40 years as a performer every money manager and hedge fund except for maybe one or 2 and thats the bottom line best effect stocks on average go up 78 percent a year for 40 years the stock market goes up to at every 3 days for the past 40 years thats the fact well again past performance doesnt necessarily equal future performance and for the past 40 years weve had an all fiats post Gold Standard system so one day at and we had Interest Rates up to 20 percent now theyre down and 0 percent so maybe it up keep on working for the next 4 and Michael Hudson says they can go to negative 20 percent thats 70000 on the dow all right were going to take a break when we come back much more coming your way. Way. Good food descriptions sound up of even for the owners so how to choose this pet Food Industry is telling us what to feed our pets really more based on what they want to sell us than was necessarily good for the pet turns out pet food may not be as healthy as people believe and we have animals that have you know diabetes in arthritis they have auto immune disorders theyve cut allergies we are actually creating these problems and its a huge epidemic of problems all of them i believe can be linked to very simple problem of diet and some dog owners so heartbreaking stories about their pets less treats the larger corporations are not very interested in proving or disproving the value of their food because theyre already making a 1000000000. 00 on it and theres no reason to do that research. I have a concern about new technologies and i think society should be right and i try to help go get a gauge when those concerns. But we also should have concerns about doing nothing doing nothing as extraordinary risky in a world with some point 5000000000 people and a whole series of over ancient Technology Use it or not necessarily suitable for the more. This is a story about what happens auster a stray bullet kills a young girl in the streets. What happens to her family and daughters in florida you know the mother daughter is buried in a cemetery in meaning messes with your head what happens to the community the public was screaming for a scapegoat the Police Needed a scapegoat so why not choose a 19 year old black kid with a criminal record who better to pen this than him and what happens in court he be. Shot after shot as far as society we feel. We dont know just from. The end of this trial unfortunately you too will still not know what childress. Welcome back to the kaiser report imax kaiser its im going to go to basel of unchained capital some call him what the carl sagan on the pickaway wow thats pretty tall anyway welcome drew thank you max so this is some fascinating stuff youve been working on aside from your day job over there don thank apple you but really studying a lot of the big issues surrounding big coin big coin astronomy what is this wow its youre right its something that i do outside of my day job but i think its something that compels me i think anybodys day job no matter how passionate they are about it koren or whatever theyre doing day to day can get repetitive sometimes its fun to zoom all the way out and for me that is thinking about because on the longest time scales like 100. 00 plus 20300 years from now what has it done to our economy here on earth but also in adjacent places like mars the rest of the solar system assuming or presuming that we even continue to expand in those directions all right i as ive said often you know change big oil and big point changes yes indeed it has this way of really working the way people think about things and you come up with an interesting metric care just to skip to this bit because it pertains to this this center of past what is that and why does it matter what analyzing big point. That its most like the most. Silly idea but also really really deeply central if youre willing to take seriously the idea of the big one could survive for hundreds of years and still exist when humanity is spreading out to the planets so lets take that as a given the idea is basically saying where it is because mining happen on average you know any distribution of mass or matter in the universe you could calculate the center of mass kind of where it would balance if youre put your finger right underneath and similarly you can kind of ask well where most of all the hash rate miners mining bequia transactions where is the geometric location in space and its the center of all that waited by house for. Today if you were to do that calculation and surprisingly youre going to find that its somewhere near the center of the earth maybe its because for china. Over time as we spread further and further away from the center of ash here at the earth it becomes more and more disadvantageous to mind because again this is not really anybodys problem today were all basically a light 2nd away from the center of hash but what if we have a civilization thats growing on mars will they be able to use big quinn turns out i think the answer is yes theyll be very much be able to be 1st class citizens and users and hardliners of decorum will be able to mine because the answer is no and its fundamentally because theyre far away from the center of hash there are some mathematical properties that are big in the big core and that interact rather poorly with the fact that the speed of light is finite it takes 45 minutes for a round trip signal to get between mars and earth sounds like a kind of a pain in the but more importantly it prevents mining entirely on the planet mars is this a problem i dont know certainly again not today in the future it might be if you were a martian. Putting martians aside for a 2nd theres a lot of billionaires in america now that are looking off terra firma planet earth as a way to us what they perceive to be a big problems here on earth and youve got billionaires building rockets building spaceships youve got a lot of what is tesla into orbit with a space man jeff bezos at amazon hes worth over 100000000000 hes talking about space travel i think were going to be colonizing the moon pretty soon mars is you know a skip hop a jump from there so you cant take gold because its too heavy a and figure out money has a horrible track record in reputation so big going could very well be the interstellar money and its this is not necessarily outside the realm of the near future not Science Fiction but this science probabilities and ive always speculated that people watch the show know that i look at the sas rate of decline and its been over 100. 00 quintillion have. As per 2nd our calculations per 2nd is the biggest a shit Network ComputerNetwork Every injury in the history of the world by huge factor and its aims almost as if its whats driving it is something more than just coming up with an confiscate it will money its come its theres Something Else behind it i have i have spoken that actually the protocol because of protocol is almost as if its hacking humans that humans are on a course toward selfdestruction and if this protocol can get into our brain sufficiently we could change course and save ourselves or wait were not going to make it and you could say 800150000 price point but humans will become extinct. You know thats a possibility as well so youre a physicist by training so how close are we to make a voyage to mars ok so weve definitely been to mars and we as humans were not quite made it there i mean i almost wonder if these billionaire driven attempts to colonize it might get us there before anything that nasa puts together thats just an interesting market versus government exercise there this point its happening man like one of my favorite conspiracy theories is that every product that one must build is actually secretly something he wants to use on mars right so the Battery Technology is for the things out there at the Boring Companies so that he can build tunnels in the crater rim so you can have spin gravity these are silly ideas and want to conspiratorial but in the end as little as 203