Had to send several tons of gold to 300000. 00 worth at the time to france when they showed up with their naval ship in the new york harbor so there was a cost to it then they got to unhinge it and they of course it was a magic trick right but the boomers have a mentality that they are somehow. In daoud with amazing ability and entrepreneur and wonderful talent and Wealth Creation when we see the magic trick they were nothing special they were not unique the only thing unique about them is they had no alleged cost to their debt but now we have a new generation who wants a similar trick done for them entering the workforce and there is no trick you know weve were trying things like quantitative easing a negative Interest Rates we had never been tried in 5000 years and thats not doing the trick yet you know if im right and i think anyone Richard Nixon couldnt afford the war anymore because he had to pay in gold for the money he was borrowing so he cut us off from the Gold Standard then you entered a world of purely for myself you have money refers other feet of money its a bit regress right there all the yen the euro the dollar they all refer to each other and theyre all going deeper and deeper into debt so theres no basic there or there theres no stairs no way to measure the debt against something that is good because that are money remember j. P. Morgan said only gold is money Everything Else is credit or debt ok so without that there is no way to measure the debt and theres no at the moment you know my my view is that this is leading to feudalism or you have just a few private equity firms owning 98 percent of all the assets of everyone elses Living Service on that were getting back to the dark ages and in my view so were going to look at a few other stories to suggest yes there is the top 0 point one percent that you talk about but within that structure is allowed because the boomers got in 1st on this ponzi scheme we have a global ponzi scheme in the boomers were lucky enough to be right there when it started so were going to show you how they benefited most versus generation x. My generation which came after them and now millennial are doing even worse z. Forget them right fraction of us wealth owned by boomers and gen. Narration exercise when the average member of each was aged 35. 00 boomers and 1989 they owned 21 percent of us wealth generation x. In 2008 when they turned 358 percent so dropped by over 50 percent the average millennial turns 35 in 2023 right now they own just 3 percent so its dropping by 50 percent because the early members of that ponzi scheme have to be fed and theres less and less wealth to share with the bottom the old days when the top 110th of one percent took all the power and money they would put everyone else into ghettos or they would put them on to service or indentured servants or sharecropper successor here in the modern age of 21st century this is and this is engineering using Interest Rates so the millennial. The gen x. People they cannot borrow money at 0 percent they have to borrow money if you know on a credit card 151617 percent or they go to a payday loan which is a annualized rate of return in 2003000 percent right so they thats the thats the ghetto of the 21st century is youre borrowing costs that are high so you live in a in a what i call Interest Rate apartheid you live in a bantustan of high Interest Rates and youre never ever going to get out of that because the policy is a is Interest Rate apartheid thats the policies that i know economics and how does that happen how does your Credit Rating happen how are you redid your social credit score essentially well its by how much debt you have compared to your income so the boomers they were born right after world war 2 we had no debt here our economy the g. I. Bill like finance everybodys Free Education all everybody was educate the suburbs were built like you know these are. Basically government plans helping to build and facilitate these structures then now the generation x. Y. They dont have a home by. 35 years old its because they have all that student debt so they have a lower Credit Rating just theyre born subprime theyre born with that so therefore their rating their Credit Rating is lower meaning their Interest Rate is higher than what a boomer can because a boomer got in 1st on this pyramid scheme of a economy and they have more equity than anybody below them so its just is this natural anybody in 1st in a pyramid scheme has more equity theyre getting a bigger income stream from those coming in the response from the left. Is to go after the billionaires and say we need to raise our taxes and the billionaires because they have all the power will resist and i can see that happen but what they should do you know i give them the recipe now to increase their power is that they need to get a seat at the Federal Reserve bank they need to get majority on the fed and they need to raise rates. To restore equilibrium thats how they will get a piece of the pie when when donald trump says the fed needs to lower rates or go negative that should be the tip off thats the vulnerability thats his weak spot to put it in terms that the millennial understand pretend this is star wars and the death star has a weak spot and luke has to fly in and hit that exactly expired to blow up the death star ok so the weak spot for the death star that is the Federal Reserve control Global Economy is Interest Rates if you can control seats on the Federal Reserve board or the federal open Market Committee and get rates to go up then trump collapses the republicans collapse the concentration of wealth collapses the wealth and income gap is restored to normality and you have agency once again of this economy that is the only if thats the only spot you can try to hit there and hit their hit there and you can look great doing it but that is going to be ineffectual well heres another. Way and the wall street journal in fact is suggesting its because im curious because you know the top one percent own all the stock market that helps their wealth on paper look enormous the average boomer why theyre ahead of the in that discrepancy in the wealth is almost entirely down to homes house prices they were 1st in on this house price boom member when they were 1st entering the market they had to put 20 percent down now its down to one percent or 2 percent that you have to put down in order to leverage up and keep those high prices on homes so that the ordinary boomer feels wealthy well the wall street journal points out boomers are about to flood the market with homes will anyone want to buy them the headline of their actual article reads ok boomer who is going to buy your 21000000 homes baby boomers are getting ready to sell one quarter of americas homes over the next 2 decades the problem is many of these properties are in places that millennial dont want to live so you know this is a power youre theyre forced sellers youre the unwilling buyer just dont buy dont buy from them and there that that ponzi scheme collapses this is the thing about pyramid schemes about ponzi schemes lets call it a pyramid scheme in this case its just own was accidental it became accidental d and now its intentional to try to keep it afloat well they have been occurring on wall street my minute response would be a choir all these Distressed Properties by the millions and package them. And offering that would get congress to pass a law that would enable this to be sold off as a tax write off right so youre converting bloss as a tax write offs and youre going to give the top 110th of one percent away to shelter income remember during the Resolution Trust corporation when the s. And l. Market blew up the wall street got congress to pass. Because all the bad banks and sell them to people like ron perlman and carl icahn and others as tax write offs and they didnt pay taxes for 2030 years and they made another few 1000000000. 00 so im not i mean ok im not sure i mean really i figured out a way to make money on that the way that would kill it is if Interest Rates were higher and you could you raised my cost of borrowing now suddenly my net worth has to be marked down because its all based on mine its all based on having access to capital at 0 cost thats the problem is house prices and bubbles can only sustain itself if people can keep on rolling over the debt weve been rolling over the debt since night you know that Interest Rates have been a lower and lower and lower since the boomers were 35 right now since then Interest Rates have been going down now we get them retiring from this pyramid scheme and Interest Rates are already near 0 so the problem is how how can we get the pyramid to continue for that of the 20 years when they dump these 21000000 homes tell us in wages and open up with a global no blame or be able to expand the debt in order to keep their prices that they have in their head for their of course you can expand the debt well ok lets see that you know i think what has it not been ever extended this like 23 year a boomer is the audience know how ideas is going to say ok boomer thats what you relied on for your entire life i dont give you the recipe to fight back millennial jonesy you know but youre not going to do it because you want to be like me are you going to take a break when we come back lots more coming your way. My feeling with this world is what now is more so come. Here for this certain generation thats controlling all the Politics Around the world so when that generation dies all. Children that are brought off the smooth really are less materialistic dont really care about these things concrete even more automobiles want to live by the side job want to ride a bicycle this movement its global and its going the world is going to has to go this direction and its going to change. Ok im a special kid somebody who can benefit so is one of the men of the. Book to get us to the gulf where. You thought the whole doping can russia think was over for get it. Through a Competitive Pressure with a mostly of some of the models a little. Russian outlets eligibility for the International Competition says that stake this includes events like the Tokyo Olympics and the fee for world cup and qatar if i am in the early as last. Year when you come out of the just as it was 4 years ago in moscow antidoping plavix at the center of the scandal so who tampered with the doping samples database and one does greegor you want to give have to do with it and you know shes doing it because weve got to pull zameen you know. About the little spots will not use the push on the richest club you ship by to expose me in the ocean touch a little devils so the pollution youre doing is noble. And. Welcome back to the kaiser report im max keiser time matter return to our conversation with ross ask rafis the director of the 4 horsemen torney 12 hes also got his own show out there renegade anchor and a its a must must must must see feeling if youre interested in this shell you love that show ross welcome back to max good to see you ross heading into 2020 or leaving 2019 ers ending with us stock markets at all time highs for Political Office highs across the world are these 2 connected what what are some of your thoughts heading into 2020 everythings fine max. May go as Investment Decisions its never been better because thats exactly the my room when you dont you dont go like everybody else mouth and buy into this mania is sort of if youre shoeshine boy moment when you know the shoeshine boy so its your bow which silky well whether hes got whether its longer or no so i think that were in the most precarious position and i think this euphoria is a mosque and i think people should be very very careful over 2020 because so many are saying its going to be the year of reckoning they hear of reckoning although i sounds a dramatic so lets break it down they have a specific points that we should be looking ahead for 2020 some predictions some some in science are off i think the 1st thing to say is that 2020212020 will be the year is looked back on when people realise the Mainstream Media at last has lost all its trust specifically as asians at the b. B. C. They were recently cool and seeing footage to sort of brush the people that they think they should be presenting it will close its way. The public on cheap and social media. Blow this out there who are really watching really catholic and not being manipulated by these big media but he will say any more all right so tight sorry were going to say man same it finally gets come up and even though they have worked doggedly platform so many independent media splash sources out there weve seen a lot of big names get the platform no longer in the media landscape but the same thats going to save Mainstream Media because their fascist collusion with their own racketeers on wall street and the kleptocrats of a Political Center as it is is on on tenable by the small ideal and this generation is e who have come up with this new me new catchphrase call of no paper were ok i sell a book or story video at our being slandered by the by these youngsters look at whats d happened look at the intergenerational story thats going on so you and if you think about it the b. B. C. The average age of the b. B. C. Wont here is about 58 average age of b. B. C. To the u. K. 66. 00 the Mainstream Media got a massive problems and the new independent media shows like yours really aiding and others telling our reason the viewing figures are all going in the right direction is because were actually reflecting what people are feeling in their lives were not telling people which is what the m. S. M. The Mainstream Media do all the time theyre very didactic they tell you how to think what you should be thinking we should be looking out what you shouldnt and that when you go screens now in the world people will go and seek out the veracity of each story and make their own mind up and i can only be a good thing for democracy and societies as a whole so i think keep Mainstream Media with us or to segues into Something Else and segues into the sort of prolonged to kind of occasion of the west so thats another prediction i just think that the stagnation. Its just going to continue and grind on and all in all i think it was shiller one of the german royce who said you know man can survive anything but a succession of days and thats basically what were going to see over the next couple of decades because as you can see now this ongoing stimulus that doesnt have an effect on the real economy is laboring under massive amounts of private debt so my 2nd prediction is only going to kind of situation. Across the developed worst yeah what about the bond vigilantes remember them they are still to sell the bond market off when the inflationary pressures are starting to rear their ugly head and inflation has been outlawed thank effectively because the Central Banks have an infinite budget to buy all the bonds that they need to for eternity to keep Interest Rates low to to kill the bond vigilantes to make it a shangrila a la de da make an economic environment where wages the ever go up at stock prices never go down and i dont see any reason why that cant continue in 2020 because the Balance Sheets of the Central Banks theyre there at roughly have a say in the numbers in the last few weeks but lets call 50 trillion dollars they could easily go to 200. 00 trillion dollars ross why why why not just as logically and that every central bank basically owns everything right and only jump in 1st 2nd ross because in my view thats exactly the end game its called taking the World Private wall street with the help of 0 percent Interest Rates are taking all these companies private all these big deals all these big mergers you know i say feel the packers are going to be hostile raided by xerox tiffany being bought by l. V. And european luxury goods its all going private ross thats where it ends and the dow 07000 so what does it really be out sooner and through everybody in the Federal Reserve and runs the world from the feudal feudalism male. Feudalism do you think that the public having been smashed to pieces decades certainly austerity in this country do you think the public are going to say yes because the public has been proven time and time again to be easily pandava with key programming and and cheap calories with cheap food and they have no a but ok that made it seems as though 2 the the public is is stupid but i do see some bright spots with like elon musk and jack dorsey combining forces to come up with new technology a new emphasis on dig dig lobel ization the dollar is asia and theyre trying to rework recreate the world by making everyone individually sovereign and using technology and solar panels and things like that but if that doesnt take off i just see a return to the dark ages and saw him there anything after everything from the enlightenment Going Forward would be just a bad dream were back to feudalism and and serfs and kings i mean the public what defense is a public have what how are they going to fight that the 1st things 1st the lo