Sheet of toilet paper will cost more than 1. 00 and that point is rapidly approaching they can air drop all the money they want and all theyre going to do is cause more dislocation especially with the cantillon effect so youll have toilet paper barons like Warren Buffett will be sitting on a warehouse with 50000. 00 rolls of toilet paper and hell be out there laughing like i tried a wife now america and america be like hes a genius for hoarding all the toilet paper he took billionaire toilet paper and then the big billionaire is going to be like were not going to lend you money to bail out your banks member i predicted this a few years ago when they ultimately need the bailout money theyre going to come to the bitcoin billionaires and the big point billionaire just say no as libertarians quote unquote we believe you need to learn how to manage yourself better so were not going to bail out j. P. Morgan or wells fargo or h. S. B. C. Or barclays youre going. I have to learn how to be adults no go away now in terms of supply shocks you and i went through one and that was in the seventys as the last famous supply shock big negative supply shocks are rare eric Nielsen Group chief economist at Unicredit Bank said with the oil shocks of the early and late seventys often perhaps the most well known examples of their supply shocks would be storm and tsunamis earthquakes wars embargoes and strikes the problem is that there is little that looser Monetary Policy or additional fiscal stimulus can do to offset the impact because those stimulus measures work by boosting demand yet there air drop in money on everybody but the fact is that you know theres nothing to buy i tried going to amazon try ordering Hand Sanitizer and there you cant get any try ordering a mask you cant get one like a lot of things are out of added stock at the moment and theyre going to keep on pushing more money so you know thats all there solution is remember the seventies and license plate and even license plate that was a way to ration gas and you have these huge lines and this is coming out of time in American History because trust in American Government and american institutions are probably out of children 40 year low you know nobody really trust the government and you have one major part of the democrats that spend all day every waking moment discrediting all of government discrediting all of american institutions in an attempt to somehow discords the duly elected president from 2016 and so thats going to be negative going into this crisis because everyone be like oh i dont believe the government im just going to grow my own potatoes i got my shotgun and well see what happens of course with this apocalypse this coronavirus apocalypse its hitting our crew here our camera guys and audio guys are like theyre laughing because theres almost 0 threat to them and theyre just watching and waiting for us to follow her into this pool this dirty pool here because the danger is there but in terms of the structure of our economy as well they might inherit a much better one that. Those who are being hit hardest by this coronavirus have a stablish not only the empire of debt and the fragility of our system and the just in time thing but here is a piece from mass still are about what it might look like after this. 19 thing the coronavirus disappears if it ever does and we all escape covert 19 will mark the and of affluence politics the possibility of a Global Pandemic will reveal our inability to make and distribute the things people need just in time for a president ial election so hes forecasting that this is going to be a very big issue with these with the Upcoming Elections obviously when you see these huge crowds of people in front of the president or in front of all these candidates you do like look at that and think that this is pretty scary in this situation the corona virus is going to introduce Economic Conditions with which few people in modern america are familiar with the prospects of shortages after 25 years of offshoring and consolidation we now rely on overseas production for just about everything now in the wake of the coronavirus china has shut down much of its production south korea and italy will shut down as well once the final imports from these countries have worked their way through the supply chains and hit our shores it could be a while before we get more coronavirus will real and other words a crisis of production and one thats coming just in time for a president ial election of course they always say you know everybody talks about bernie being socialist and socialist like seize the means of production we dont even have a means of production to seize not tell you why the camera crew is laughing in the jency is because they realize that theres coronaviruses for the most part. For kids right the kids are not getting the children and theyre spreading it and its hitting the boomers you know that ok boomer thing where they are you took all of our money took all of our property well thats whos dying or its going to be dying from this coronavirus right particularly men so its like a stephen king novel that mixes all the hatred and anger for me to. Me. And you end up with a coronavirus well if we survive you know for my age group is 1. 3 percent chance of mortality rate for this disease and for you its 3. 6 percent so and then it gets higher above there but should we pass through this on the other side. Lets talk about what this affluence thing is and what it means for our kind of where it was coined and it was coined back i guess during the Great Depression 1st off we havent faced shortages of such magnitude for a very long time more importantly we have for decades lived under a political framework known as affluence a term popularized by economist John Kenneth Galbraith in the 1950 s. As an affluent Society America automatically produces a surfeit of jobs and wealth and the problem is solely one of distributing the bounty under the siren song of affluence we began offshoring critical Production Capacity in the sixtys for geo political reasons and 1971 economist nicholas caldor noted that American Financial policies were quote turning a nation of creative producers into a community of ron t as increasingly living on others seeking gratification in ever more useless consumption with all the debilitating effects of the bread and circuses of imperial rome and he said that in 1971 of course right when we went off the Gold Standard imperial rome when it once it started to collapse you know it kind of went downhill pretty quickly the the visigoths and the very so the vandals on the barbarians here we have the magic of financialization and the magic of most of 40 is that the kids coming to the kids are coming to infect us right now this is a personal extinction event. Ok we got it. So this is the collapse of this empire which has been going on for near 40 years because of financial ization in the magic of a bond market rally. Every single problem that. The romans didnt have the ability to simply print their way out of the barbarians invading because they had to rely on hard money to pay the soldiers and they were coin clipping and this type of thing so there was an end game here because of the empire of american debt they can just print their way for decades without having to face the music but at some point if all Interest Rates go negative and youve got a corona weaponized children with the coronavirus looking to everyone whos a boomer or a man a man boomer then that could be you know for a destruction aeration who will inherit Something Like 30 trillion dollars of wealth thats been built up in these affluent Bank Accounts including probably 150000000000 worth of bitcoin so these kids know what theyre doing and i try to make friends with these kids and i give them candy and i give whatever they want you know they dont dont dont give me the virus kid you know its like this is like holloway in a christmas and everything wrapped into one here take it all just take whatever i can just leave me alone. Yes i i did see max handing out some private keys earlier to some kids running around this neighborhood but speaking of wealth in the last little quote here affluence politics is not the politics of being wealthy but rather the politics of not paying attention to what creates wealth in the 1st place that is to say its a politician ignoring our ability to make and distribute the things that people need since 97 when were no longer in a Gold Standard and weve had we forgot what affluence is we forgot how to create wealth and. Thats why youre giving your private keys to all these children right affluence is the absence of risk so now were seeing risk come back as it should if youre trying to have a fair market were going to take a break and when we come back alex there for a painter xstrata there will be with us dont go away. Is your media a reflection of reality. In a world transformed. What will make you feel safe. Isolation or community. Are you going the right way or are you being led. By. What is true what is faith. In a world corrupted you need to descend. To join us in the depths. Or a maybe in the shallows. As the Great American boxer mama dolly once said he who is not courageous enough to take risks will accomplish nothing in life risk averse is one thing that some want to coach is not from being a key member of the mit Blackjack Team to investing in promising migrants into print knows but what is a risk and how do you know if its worth taking. Good food descriptions sound up the even for the owners so how to choose the pet Food Industry is telling us what to feed our pets really more based on what they want to sell us than whats necessarily good for the pet turns out that 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 got allergies we are actually creating these problems its a huge of a demick 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 streets 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. The world is driven by shaped by brokers are those. In a day or thinks. We dare to ask. Welcome back to the kaiser report im max kaiser time to turn to Alex Schaffer artist extraordinary alex welcome back well welcome you all back to l. A. And this wonderful city i cant believe its been its been over 2 like since 2012 right you know back in 2008 when the financial crisis hit the big one the part one you started a fantastic paintings of banks on fire burning banks so very graphically illustrating the point that these banks are social ill the coronavirus back then was wells fargo the coronavirus back in 2008 was j. P. Morgan it was h. S. B. C. And barclays these were the pandemic of fraud and money that was incinerated in the Global Economy and you capture that brilliantly in your paintings and nothing has changed except your painting value goes up because the more they print money the more valuable your paintings become alex i know. The the thing thats blowing my mind is that all this time has still gone by and people are completely. In my opinion angry at the wrong parties you know. And i see a little bit of progress but at the same time nobody wants to give trump anything credit of anything good happening but you know we did have wells fargo have to pay that huge fine right whatever that was a big amount of money yeah but where does that money go thats a question i got for you when a bank gets a big fine and youre like who justice served ok then what where does that 1000000000. 00 go does it just vanish. The treasury box or something goes back to the bank to the base. That other words to say wells fargos find us a 1000000000. 00 they borrow it from the central bank and 0 percent cost ok they. Pay the fine ostensibly and then the and then the central bank makes a 1000000000. 00 loan the next day right but but they dont have to pay that to the government no they dont pay anything now so its just its all because bookie theater designed to assuage peoples fears that maybe were run by a club talk or see and write a stock or say and the worst kind of torture burying economic hall far soonest in the world has ever known but now were with the markets crashing the way they are its like Warren Buffett said when the tide goes out you see whos down wearing a bathing suit well now what the markets crashing the fraud and malfeasance is becoming as prominent as Mount Rushmore so youve got jamie dimon is like on the Mount Rushmore of fraud along with the head of you should do a mt rushmore from. Commissioning months prior to that out of the painting them out rushmore of from. Another thing that that im that im seeing is well i mean obviously the homeless problem in l. A. Here isnt getting any better and you know they just had the martin case settle what happened well that was where this guy was suing boise saying its unconstitutional to say i cant sleep outside if you dont have sufficient facilities so. It went all the way to where they kicked it up to the Supreme Court because they were saying well yeah its unconstitutional you cant tell someone they cant sleep you know on the sidewalk and the Supreme Court said theyre not going to look at it so now every you can sleep on the street you know because there arent sufficient facilities in l. A. Its so frustrating well if the economy doesnt favor the kind of Productive Society that one equates with a free market capitalist system right youve got a clipped ocracy and youve got the bankers they steal the 99 percent of all the money they print and they buy art like yours i mean this is a great hedge against jamie dye. And there are the kleptocrats is that the value of the art goes up faster than their ability to print money thats why because those are trading at all time highs thats why fine art and chateaus switzerland are trading at all time high prices because theyre going up faster than the Central Banks ability to print to try to imprison everyone whos not a central banker into a system. Right so youve got this new class of debt slaves yeah they can sell fees in front of 150000. 00 bananas. Down there in florida miami whats your take on that because you know if youre going to the art episode that was obviously a big moment for list 3 its the richland every artist i know on facebook had their opinions and whatever but what is your take my take is that its not enough to bankrupt the and create a whole new class of poor people they want to humiliate them as well yeah by saying look we paid 150000. 00 for this banana with gaffer tape on it so its like not only do we steal your money or we did it with impunity and you cant do anything about it so theyre laughing and thats thats generally what happens right before a society goes into an insurrection right so thats why a lot of these absurdity these Hedge Fund Managers are worried about getting torched or heading into the gate scene now and thats why theyre buying these very expensive bunkers because they realize the end is nigh and chrono viruses weaponized by children obviously to go after these guys. Coronavirus or by the way i got to get some masks yoko since were talking about supply side here let me give you. Since were talking about supply shortages you know this might be you know like a 20. 00 mask these are days are going to be rationed at some point can you do some art on the mask and even improve value like that well have you seen you know what theyre doing even better is there you could get your face on your branded on the mask so that you can unlock your phone with the mask on right because if you cant interact with your phone then stock will collapse oh yeah sure you know and i would be like Mount Rushmore collapsing more than batek and suddenly collapsing the high church of consumerism and hyper vanity yeah narcissism on steroids would disappear and therefore the old economy would disappear but now whats happening in you know youre in downtown l. A. And youve been painting this whole time yeah and you know what what have you as an artist how have you why grown. I dont there what is your what kind of what kind of how is your art like is it just basically keeping on the same theme or are you Digging Deeper into what about the colors what colors are you into now i mean i see a lot of green here you know if you look at it youll it is yellow good the yellow and picasso went through his blue period yeah i mean i notice youre going around period right now i mean i love a lot of color if you go to my Instagram Page with alex thats my instagram you what im actually doing a bunch of paintings of just 2 prongs of people in a chaotic rush to the exits right and it just fills the canvas and they start in total chaos but i do take my glasses with a broom and then i block these like just disaster pieces in and start to find the find the people and in the crowd but thats to me feeling like the energy that im getting is this chaos overload right now this painting back here the wells fargo bank. On fire you know i could add 10000. 00 to that right now and value all you need to do is in the foreground have a kid with a book of matches and printed on the book of matches the bitcoin logo oh yeah and you to get a big claim billionaire with a big money for the family i know i keep thinking theres got to i know i know for a fact that there are people that got big coins for a dollar a pick or Something Else on the show thats what he said before the buy and they might have like thousands of them