The past 6 months since the fed started inter intervening in the repo market and then we got hit by a pandemic and now we have mass unemployment and things like that thats the fear system leaving and this is the the hardening system the hard money system and touring and to join us through this time we have gear mo who we met in mexico city said am ex say he was so wise and he told us about hard money so hes actually pretty hard if you pick him up its really hard unlike plucky who eat took with us through the central banking field ideas quarantining hes quarantining but hes really floppy you know he can barely hold the worlds most famous central banker hes the most famous central banker but this is hard money era so we have a stone cold headed just like your jacket weve been signaling this so we have to join us to talk about braced for the deepest recession on record says bank of america analysts as jobless claims surge to 6600000. 00 they believe that Unemployment Rate is going to go to 15. 6 percent up from 3. 5 percent in february so thats a huge rise in Unemployment Rate we havent seen this and our lifetimes this sort of surge this rapidly while youre in the 3. 5 percent Unemployment Rate is a bogus number you know they dont count people who have stopped looking for work and they dont town. All kinds of people and that number of the actual numbers a lot higher than all the government published numbers are fantasy numbers and we live in a fantasy economy ever since 1071 when we went off a currency that had some relation to gold to purify money currency the 1st time in global history it had a Global Economy run entirely on fantasy ists printing coupons and then pretending that they have some kind of backing and the numbers are meaningless so if the Unemployment Rate is 15 percent 20 percent 30 percent its kind of meaningless because these are mostly gig jobs anyway that dont pay enough to survive on you need 2. 00 or 3 of these jobs and the whole problem is not work because workers on needed taxes are on needed and earnings for corporations are also unneeded they dont need any of that stuff if i can just call up the European Central bank and say hello ira age tall Moet Hennessy id like to buy tiffanys and i dont want to pay anybody for it i want you to give me the money European Central bank i want it if you get from you and all the people you represent in the e. C. B. And he goes yes sir but here it is were going to wire the money right away and they give to this guy at louisville its all. Say they gifted him to fany as a gift you know from european sun look it up you know this is that i think some slop working at mcdonalds is going to be able to call a p. C. B. And say. He didnt think of a now thats likely to work as a i have no idea why he did that in a british accent it was in fact a french guy pinto who receive that money are are no that was kind of the peak of that era so here we have this Great Depression looking numbers and the unemployment numbers and bank of america sees 15. 6 percent unemployment so that that system is looking degraded and sick and in fact sick isnt the 1st words here of this tweet does this chart make anyone else sick fed Balance Sheet rockets. Corporate earnings going straight down further evidence we dont live in a Capitalistic Society at last 4 decades of extreme leverage to conceal declining productivity to enrich a small elite on full display so as weve been covering here on the kaiser reports earnings have been declining for years now but suspend made up for by on the one hand stock buybacks where the shareholders are losing basically and the company is losing because its losing its castors access to cash its taking its cash off its Balance Sheet and turning it into free money for the corporate elite at the company and thus basically ravaging their Balance Sheets and we see that now because theyve spent hundreds of billions of dollars over the past few years and now theyre requiring trillions of dollars of bailout in fact theyve spent over 4 charlie in the last 5 years on bell on stock buybacks and now they require a bailout for that amount but also the fed print money printing has caused the inflation which causes their stock price to rise so hes covering up this huge decline in earnings and do they have big point arrangements are the c. E. O. s of these Companies IncludingWarren Buffett are they just doing something thats patently moronically to destroy themselves and their country and the economy and money or the big question protocol which i believe is software and is part of the seti project the 1990 s. The search for extraterrestrial intelligence remember was the 1st parallel massively parallel computer project that went out there looking for other forms of consciousness that work because it gave birth to because in 2009 as part of the seti project and we have alien intelligence reaching out to our global unconscious and destroying people like Warren Buffett on the unconscious level who is actively. Pursuing the money delusion and the happening is coming in may and its the quantum pardoning event and were entering the big quaint singularity in 2020 or entering the big coin singularity in the 2nd quarter of 2020 well speaking of that. Signaled to the audience whats coming next and this tweet from adam back big question having is quantitative hardening fiats undergoing lots of politically driven quantitative easing be quite supply algorithm starts quantitative hardening next month as weve mentioned many times over the past few years were entering in the 4th turning these are big Seismic Shifts of like collapses of empires and the rise of new powers the end of a powerful generation on the boomers more powerful simply through sheer numbers we have these new generations of millennia coming on who are bigger than the generation before them of boomers and x. That everybody forgets but nevertheless we have these Seismic Shift coming up radical shift and the end of a fee out regime and the emergence of something new will have to replace it as a hardening that will happen and well see what happens there because it is absolute scarcity which is before because unknown but you dont have that with gold gold is you never know i mean its always new supply of gold and they could start mining gold from asteroids or from seawater and thats not absolute scarcity because it is awful and scarcity that you can use as the hardest money ever known and humanity and that means that you have the possibility to absolutely transition the global consciousness from being buried under can you go centric consciousness driven. Parade of hugo maniacs on plunderers like are no l b m h or jamie diamond or Lloyd Blankfein to a sente and consciousness or. Around altruism and love i mean this is the ushering in of the law is the big coin transformation singularity will you talk about that ill think it may still and i said that that was sort of a signal for the end of that regime yet the thing that weve seen over the past. 10 years has been fracking that was also a real substance you cant have g. D. P. Growth you cant have an economy without energy you need energy as an input to develop goods and services around the world and yet here Something Real met the enormity of the fake mass right the end of its regime where. It never made money ok fracking never ever made money and wasnt making money at 100. 00 a barrel it certainly wasnt making money at 10. 00 a barrel youre starting to see Companies Like whiting huge fracking outfits go bust so youre starting to see that but the other number that was interesting is you know people kept pouring money into it like investors kept pouring money into it even though it was never making money that you know it was a black hole just a collapsing black hole of oily debt and you know ever increasing amount of people willing to invest in it but. The demand for oil is now down 25 percent in the past month so just like unemployment numbers shooting out we see that a collapse in the demand for oil 20 down 25 percent and yet those factors because they keep needed to make their Interest Payments on their bond payments you know they have been by pumping a function from thing all the way down and you know that the people at the pipeline in the pipelines and the tanks are saying stuff boss stuff off enough gear mow is telling them enough you know the fractures are able to beat a dead horse more even than Hillary Clinton messed up and they are as weve said on the show for many years people say you know i hear what youre saying on the kaiser report and sometimes it seems the one step removed from what i could what i would conceive as being a practical day to day knowledge that i could use but look at the fracking story weve been covering now for almost 10 years weve said for 10 years a it costs more energy to go in then you get out and it cost more cash it goes in the come out its cash flow negative and that its only there to generate fees for the bond sellers who work on wall street to perpetrate this massive fraud called american shell industry weve been saying that for 10 years now the reality of that delusion is hitting home and but for anyone who surprised by this are losing my. Me on this its too bad on them because we were very explicit in explaining to them that to invest in cracking at any point over the last 10 years would be like picking Hillary Clinton to win the next president ial election this was only possible in that old regime we are exiting the easy money regime and were entering a hardening regime because this everything is chains nothing can ever be the same so that sort of fantasy that remember those headlines and like newsweek or Time Magazine saying with it you know were better than bigger than saudi arabia of oil and the fact is we were never it was all a fantasy it was a fiction it was a hollywood film because if we could crumble like that and disintegrate into dust in the texas desert at that at the cost of you know once oil gets under 20. 00 and speaking of hollywood that takes me to the whole thing not the havening this is the holding of box office in hollywood the Domestic Box Office movie theaters brought in a whopping 5179. 00 for the week of march 20th to the 26 down 100 percent from 2 inches to 4193406 the same week that year ago those numbers are just incredible he says hollywood films are like fracking its been around for a 100 years and us all has been a losing business for the films in the studios of the box office is a loss leader they dont make money stars fraud for them tax fraud its just like you are saying there with all of the l. V. I. Mates and then getting ready for there was an iran there was hollywood accounting thats what they called the enron accounting is not a fact when i worked in i was Stock Exchange the executive who came to work for me at h. S. Sachs was going to go to enron but then enron went to 0 and then he was working at Sony Television it was going to go to enron because they were working on a fantasy that was their Business Model is that he came to the hollywood Stock Exchange rate and the. All right were going to take a break and when we come back much more coming your way. Humanity is on the edge of the precipice thanks to continuing destruction of the natural world. We just seem laid out a lot of bills lots of. Losing myself and a lady if you. Let them everything you can hold up. The bill you. Got over the war. Or the. Dealing in the muslim world as a little boy here. And stuff and. Ship them through that is the. Human activity has brought us to the brink of the worlds 6th major extinction of it and the people in this film just come to get any more. Join me every thursday on the alex salmond show and ill be speaking to guest of the world of politics sports business im showbusiness ill see of and. This is a story of women and women with troubled histories and complex court cases you know some. Leave. Out there. Where nat is the person that. The cheesiness of the day are considered the most dangerous of criminals shes in a still. All the office 23 hours of the day tell me that is not enough punishment. World of women on death row on our team. Room welcome back to the kaiser report im max keyser time now to go to the 1st and the best says tony 11 the finest Investment Banking in bed cohen and krypto from back to the future simon dixon simon welcome back thanks for having me in these troubled times so simon dixon we are seeing trillions upon trillions of balad money and quantitative easing being thrown around what sort of money is being printed what sort of that not being printed and who will benefit most because everyone same preoccupied with the Health Crisis right now and you know people have got other things on that mind and its you know every once in old people are in suits situations of desperate needs at the moment and the government is for ever cynical addicts and i guess they have no choice but to throw everything theyve costs but at some point the slow slog and the financial crisis is going to become a reality often we get 3 missiles crisis ringback and so what were seeing right now is in all the times of crisis for example the American Civil War government simply printed new money called the greenback which is essentially debt free money that was introduced into the economy its but what were seeing right now is that the government is using quantitative easing where essentially the central bank is buying Government Debt and then that Government Debt is going to be used for all the different packages that they need to gather including helical to money its really why did they need to already gotten the 1st place and why cant they just introduced that were getting lots of interesting questions they were debating whether accounts for these individuals were going to actually be created its directly at the fed giving individuals the ability to have a shared account which really got a lot of pushback from obviously the Banking Community that would much rather to speak. This isnt the normal way business as usual with a bank in the middle so its a flow of farms are going to really unquestionably have so many consequence is especially as we enter into the inevitable financial crisis often we get through this Health Crisis challenge so the question people are sad about the dollar or anything money starting back in 1981 when the world went on a purif the money standard for the 1st time in history the question was always well what back to see money and wed hear from policymakers a lot of convoluted theories about economics schools and policies now and 20 and 20 we know that nothing backs the greenbacks they money its just printed out of thin air like many of us have been saying for years now the stone longer an allegation or a theory its obviously true one big question people are asking is well now that we know that the money is simply printed out of thin air backed by nothing why do we pay taxes at all simon dixon this is a question thats stopping people to rise up and theres such a lot of social unrest out there because people realize that taxes are a scam that this that theres nothing backing the money and so why not why the why even collect taxes simon dixon well this is going to lead to outrage questioning everything so this is really i dont want to be practical but this is a global recession in the Financial System as a result close i mean its so much happening as a result you know people are going to be asking questions that they are not necessarily all for even the government and ask the question of why do we need to order it through the bull market im shocked that in france since these repayments went simply because its just crazy that directs without the Federal Reserve in the middle individuals are going to be asking the question well you know why all the accidents in the summer is when we can see that the governments going to. Have to bail out anyway individuals are also going to be asking the question which is what next. Lead to the financial crisis all well when i get my fellow called in money and ive got my income right now the last thing i want to do is use that to pay my mortgage in a time when i probably call the repossessed so people are going to be thinking oh paranoid and theyre very personal situation and conservative and conserving much and that inevitability must be false and the boldness fall in old ages which then leads to the plot so its fractional reserve Banking System and then inevitably which im full costing will be the central bank all the governments creating their own Digital Currency and essentially allowing banks to go off without people using that money by giving them the ability to open a wallet with a cent for buy if they have 10000. 00 in their accounts and then going to the not with the central bank and i think theyre going to see a rule of some Central Banks on traditional buying as we inevitably experience the john norman consequences of essentially the Worlds Largest rate its a ponzi scheme that weve seen in all of us part of our actually in banking you have a background in banking youve been a big coin in crypto banker since 2011 you wrote the book bank for the future and you outlined a lot of these issues with banks and ive been studying money for decades and now i want to ask you a theoretical question and get your thoughts in my view as as you describe the situation with all t