Im ask eyes or this is the kaiser report imagine a. Lot of. The. Something happens when a storm comes. What happens a lot of bad stuff those books. And to some all make sense very shortly yes were going to look at some lessons from history and if the lessons of history are to apply to today that you should buy gold buy silver and buy bitcoin because theres always like this calm before the collapse everything seems fine you expect that Marie Antoinette is going to keep her head every day that czar nicholas is going to rain just as the romanovs of rain for 300 years until suddenly they dont all the calm before the storm happens so im going to look at some of the stories over the past week or 2 as this coronavirus hit as you know a lot of the as weve covered the baltic dry index copper all the real economy collapsing stock markets booming in america so theres all sorts of like conflicting chaotic sort of symbols going on but there are some really telling details and some of the stories that happened during the time now i said History Lesson so were going to start in school this is a story from toronto teachers stay home as Toronto School struggles to quell coronavirus fears fear and confusion over the coronavirus have caused chaos at a toronto private high school made up entirely of Chinese International students with teachers refusing to show up in class and some students being sent to the local hospital theres no evidence of anyone at the school having contracted the virus and 5 students sent to Scarborough Health network birch mont hospital on friday had been cleared to get back to my boat. After the 29. 00 crash the government put in a lot of anchors to the Financial System they reduced glass steagall their news the securities act of 33. 34 there was gold as an anchor in over the past 203040 years weve had de regulation the fatter removal of any connection to gold and as the crisis gets more and more we have more deregulation. And we have less of a banker and we have less tethered to something of substance and now in 2020 we have a global potential pandemic here and peoples fear is compound it by the fact that nothing in the Global Economy is anchored to anything solidity and so you have this mushrooming paranoia fed by disorientation in a world tour around any kind of solid anchor and its only going to get more chaotic it is a good analogy you have said this and so is jim rickards that the pandemic and the health and medical. System can be compared to a pandemic in the Financial System so in 2007 to 20082009 remember we had a liquidity crisis nobody knew if any of these derivatives were worth anything so all banks all products all trade all acquitted he stopped because nobody knew what was safe and what wasnt here is the same thing the hospitals and toronto are saying people are showing up in the emergency room without any symptoms at all theyre just showing up saying do i have the corona virus and they dont have a fever they dont have a runny nose they havent been to china they havent encountered anybody from china but theyre terrified of this the same thing happens in the Financial Markets when people show up is this the equivalent of the coronavirus this derivative that youre trying to sell me this package of Mortgage Backed securities we dont know what it is and they Financial Media has engaged in a wholesale misinformation and the lying and accounting fraud is rampant in the s. And p. 500 so people now are trained not to believe what they hear not to believe what they see particularly as economies become mostly financial ised and so we rely on those types of numbers to understand what the anchor is to anything and thats the all been proven to be false so in a crisis like this happens in the virus space in the medical space people already trained not to believe a single thing they see or hear on t. V. Because they know that is completely false and going back to 2008 when there was a Global Financial crisis because there was a complete disconnect between anything im anchoring the Global Economy like gold the policymakers in washington like obamas codger a Timothy Geithner and those guys they have the boat theres no anchor a sense of one thing i can instead of putting the son of lowering the actor and to try to get back to reality they said heres a solution were going to build wings on our boat and were going to fly the boat into to. Youre right so theres this flowing boat out there supported by derivatives and you know working so we saw a lot of videos emerge from china we saw people being locked into their apartments a whole buildings being surrounded by police and military equivalent happened in the Financial System in the United States in 2008 we quarantined all of these products whatever they were whether they were good or bad in the federal reserves Balance Sheet it should have been just as stark and it still is stark the fact is that its still quarantined on the feds Balance Sheet and we dont know with this next financial crisis should it happen and this week next month next year a few years from now but when it does come in as it will have to come because all we do is boom bust and now we dont do like normal Business Cycles we do boom and bust so now that weve quarantined the rest of the economy is vulnerable to it Larry Summers is the new thinker of all affairs advising governments on how to make boats fly into the stratosphere is not working well of course thats also comparing that analogy to the Financial Markets is thats why they say when theres blood in the streets is when is the best time to invest because of course everybody does doubt everybody does show up at the emergency room i think my product is is sick i think my product is faulty i think my stock price you know that whatever the entire entity of my company mcdonalds tesla you know boeing exxon whatever the company is everybody thinks its all sick and they sell everything so in that time there will be some that arent that are perfectly fine and perfectly healthy now expats across china flee as virus fears mount this was in the early days of the quarantine and again this is part of the de globalization everything is just in time and this is all great and you know the past is like predicting the future that things have been going so well. Well trade with china is going well stock prices always go up everythings perfect until suddenly you realize that wait none of the stuff around me. Maybe it isnt as ordered and structured and absent of any black swans so you see what happened in china was that some foreigners feared being trapped indefinitely as airlines canceled flights and countries quarantine or limit entry for people who recently set foot in the country meanwhile many of the costly private clinics catering to foreigners have started to turn people with fevers away raising concerns among the Expat Community they would have to rely on local facilities if they needed medical care so there is the top one percent the top 10 percent globalized traveling sort of intellectual knowledge worker in class and they think its all theyre all safe and this is going to be fine and they could travel and live wherever they want until suddenly theyre trapped in stranded overseas and where they cant speak the language and they thought their private posh clinic was going to be there for them and then suddenly its not want to go if that happened in davos like so many they got cut off from. Modern conveniences medical assistance and even food and then all these billionaires and World Leaders and influencers and all would have resorted to cannibalism and rats you know that type of thing. I would have paid to see that that would have been funny but of course this is also a good analogy for anybody out there who thinks like well im american or are middle class are upper middle class im a doctor i make 200000. 00 a year like watch better than all my neighbors i make more than them the feds going to take care of me so at the end of the day theres only a few select People Party Members they get taken care of and youre probably not one of them if youre sitting at that poker table and think youre going to be the one treated by the private fed you know the private feds going to take care of go. In fact they could take care of j. P. Morgan they could take care citibank and bank of america theyre not going to take care of you theyre not going to take care of your local bank and anything like that perhaps and probably well having lived as an expat myself in Different Countries around the world for decades over over the years you know that u. S. Passport doesnt really work like a magic trick right once you are stuck in a foreign country and you are not able to exercise the rights to come with a u. S. Passport you know you have a big like wake up call the rest of world is a lot different you know america takes a lot of stuff for granted here its easy street even the poor people in america i mean compared to other poor people there are living like tanks of course with the last week or the past 2 weeks when they did. Fly planes there to go help expats out of the country it was only the us when we had to pay big bucks to get on the plane the french and the europeans and the brits sent a free plane to go collect their citizens but i also want to look at another story that from history and there is no more important document in history than the magna carta and this is really important to the whole Bitcoin Space and to all the stories about de globalization depopulation dollar is ation because one thing weve been talking about with the dollar ization is that the u. S. Dollar is part of the reason why people are dollar rising is because the weaponization of the u. S. Dollar and the increasing use of sanctions against even allied nations like germany so here was a story a british man found guilty of trying to steal priceless magna carta now he said he thought it was fake but it was real it was unfolds very cathedral but there was a line in there of course that reminded me of how important it is to today because we think everything is stable we think everything is going to continue as it is that the u. S. Empire is the mightiest empire in history and nothing will stop and nothing can replace the dollar but remember the magna carta in june 2015. The despotic king john accepted the demands of rebellious barrens to curb his power is and agreed to the charter at runnymede meadow by the river thames west of london so here was a despotic king who had all sort of power and he took too much power he was too capricious and he was too. You know violent towards his allies the barons and they felt he finally had to give the rights that are now these basically that led to the enlightenment all of the rights of liberty that we have but because he went too far he abused his power he had to give up his power and i think thats what again im sure he thought he and his heirs and for the next several 100 years would continue to be able to be despotic until they werent i guess the confusing bit today is that the property that was amassed by monarchs in the past has room been replaced by mind share by architect monarchs of the present they own our minds they sensually and big part of our minds and its hard to fight against that because you have to know your own mind and have to go back all the way back 2700 years ago to socrates and the ancient philosophers to regain your mind and i recommend anybody whos looking to regain familiarity with their own mind to start reading socrates and other philosophers who have the same problems back then and they cured them they fix them by inventing something called philosophy and in the last 32nd here i want to say that you know it the ironic thing is of course the magna carta defined our rights in paper and this guy including in that paper was that you would be tried by a jury of your peers and this guy was found guilty by a jury of his peers so it was quite fitting but thats ironic yeah plus its already on the block chain so whats the point but. I guess thats going to do it for this particular portion of the show and were going take a break and when we come back much more coming your way. You know world of big partisan news lockers and conspiracy its time to wake up to dig deeper to hit the stories that Mainstream Media refuses to tell more than ever we need to be smarter we need to stop slamming the door on the back and shouting past each other its time for Critical Thinking its time to fight for the middle for the truth the time is now were watching closely watching the hawks. We know in psychology that the more people are told that they cant or shouldnt do something whether its sexual or otherwise the more it makes them want to do anything so trying new things violating taboos are some of the most common and pervasive elements in our sexual fantasies. Welcome back to the kaiser report im max keyser time now to turn to alstom a cloud of gold money dot com full disclosure i am an investor in gold money al so welcome back my pleasure much january 2020 is phone over and your thoughts on 2020 so far out there whats your big picture theres a little picture here weve got independence i have to say this is my 2nd Independence Day the 1st was when i was a teenager in kenya when week a cane your independence not weve got independence from the e. U. So perhaps it is done and dusted and all weve got to do is set the terms of trade and that will be done by the end of this year i the no deal well affectively. All the e. U. Will come up with something meanwhile were negotiating with everyone else that we can negotiate with i reckon its about 2 thirds of the worlds economy by g. D. P. So for this country its exciting but now theres always a but the problem is that the credit cycle is so much and we know what happens when the credit cycle turns you get contracting bank credit or a tendency for it to contract you get Central Banks and you get commercial banks going out of business getting rescued you get unemployment rising and so on so that really is the global background against which wonderful new threats this environment will develop well lets focus on the credit cycle there for a 2nd so. Sure i guess you could say the credit cycle is turned but there doesnt seem to be any any shortage of credit 9 you know youve got the repo market expanding by trillions and trillions of dollars. And youve got a response to the to the corona virus in china. The Chinese Government injecting trillions and trillions i mean theres no end to the challenge of dollars and of course now youve got 4 trillion Dollar Companies youve got microsoft Amazon Google and apple whose combined market capitalization i might add is approximately 3 times that of Great Britain and growing congratulations on being not quite as big as a big American Company out there but nevertheless moving on. Weve got a lot of money being it injected into the system what was the term going to come of the credit cycle i says lots and lots of credit ouster what youre seeing is the response of the anticipate patient if you like from Central Banks they think my goodness things are not good weve got a profit up to stop it falling over so what youre seeing is credit not credit but money coming out of the Central Banks thats print print great print we cannot afford a credit cycle to turn negative a so thats what theyre doing and youre right to mention coronavirus ish big down the chinese economy which is the 2nd largest sin the world on the p. P. Basis it is actually the largest in the world and what happens we just ignore it i mean the world has gone mad and today as we speak wall street is out of that does up 400. 00 plus. You know i mean its it is absolutely bizarre youre absolutely right to mention. The ricos today are twice what they were on any day last week its getting worse the liquidity shortage is getting worse and that is despite an extra 5 and a ha trillion dollars of money in the system post lieberman so who are ready i mean weve already consumed that credit. Says things are getting tight and tough we see the baltic dry and back to new lows money velocity is that new lows oil is down substantially copper is that incredible a low prices 13. 00 straight down days and so what what we dont have is a physical world anymore upon which to base an economy we have a Virtual World i mean take the case of tesla right tesla is a company that sells electric cars its worth now 12830000000000. 00 its up over 400 percent the last 6 months the stock price that is and my point that i make about tesla is that its a great brand and they could some virtual tassels on a block chain for the same 60000. 00 that they sell real teslas on to drive around town with it still a great brand or in a Virtual World why the stock could easily be worth a trillion dollars because a solid brand of driven theres no there there right house or so theres no end to the money printing theres no end because the end 0 percent Interest Rates and without a Gold Standard and you dont need copper anymore you dont need workers anymore you know anyways anymore you just need this open spigot of free cash from the Central Banks and i dont see that closing as ive been arguing for 5 years that every time somebody tells me the bond market speaking the stock market speaking i say well whos clues closing the taps whos closing all the free money from the fed i dont see that happening and i dont see that happening today elster the probl