With debt service and costs that are higher than profits such a fundamentally important char american corporations are increasingly doing business only as a side possible to their real purpose which is transferring cast from lenders to looters remember the lenders are you know that all of those bonds thats being transferred to the Zombie Companies and theyre looting well you know this goes back to something weve been saying for a number of years now that corporations only really have a profit in terms of what they can engineer on their cash desks as theyre called right so you have like a Car Companies in america they start making money making cars they made money leasing cars and then taking the income from those leases and building derivative portfolios and ponzi schemes and then the executives of buy back their own stock and then the options go up in value and they all become billionaires somehow magically not knowing why even though their Car Companies were losing money and losing marc. Share same thing with the banks obviously now every Single Corporation in america pretty much just doesnt do what it says it does a Food Companies dont make food the Car Companies dont make cars the computers dont make computers they dont do what they say theyre doing all theyre doing is theyre gaming the system by getting the free cash from the fed if youre part of the privileged class and then rule you know whipping that up to these huge paydays for the executives using as was described here thats just the latest chapter in the latest kind of revelation that youve got a transfer mechanism where the s. And p. 500 is just a front for like the Money Laundering right weve talked about Money Laundering the past like a restaurant thats simply a restaurant but its actually Money Laundering hub or a face right so the entire American Economy is just a facade for Money Laundering at this point well its a facade for money printing so the fact is since 1071. 00 nobody in america not a Single Person nobody has had to actually genuinely work we just print money the chinese asians europeans send us their goods for our printed money there has been a facade of of having to work well that the pandemic has put a life of that so were all at home nobodys having to do anything and theyre starting to realize their uselessness their lack of value in anything in the economy and that is the paper uprising that is the paper spring well i guess were in summer now and we know were in summer because were almost as hot as the Sahara Desert not quite as hot as the siberia course because thats the arctic and thats hotter right you know david graber wrote a book about all the nonsense jobs in the economy and that none of are really necessary and if people said the moon lets kind of interest or you know they didnt really take it on too seriously but here the covert 1000 virus has proven that most jobs are completely suppressed for us and unnecessary to the economy and theyre just there to keep people kind of sedated. Theres nothing functionally or kind of constructively that they add to the economy and anyway yes were transferring from lenders to looters ultimately all the debt from the lenders goes on to the feds Balance Sheet so goes on to the populations Balance Sheet thus. Removing any sort of potential for the future that i think a lot of the stuff is instinctively understood because we are still you know animals primordial goop that we came out of and we understand we have an survival instinct and we understand this and i think this is what this paper uprising is about and another headline a Staggering Number over 18 trillion dollars in global stimulus and 202021 percent of world g. D. P. So bank of america chief Investment OfficerMichael Hartnett concluded that theres just theres just one bull market to short and that is mainly credit i. E. The debt markets he says they are a 500 year bubble and its a perfect one to short however the fed will not allow you to do that so dont fight the fed and therefore we have this absence of truth so this notion of people like fake news and this this this battle with the truth like our history is the truth is some of it is interpretation what is that real what is not real what is truth what is not truth why were knocking down all these monuments i think its part of this paper uprising is that we have all this fluff and people still have genuine needs for food shelter you know Love Community and all of that is coming together because of this the absence of price discovery over the since 1071 the absence of any real value says scientists everyone i think this is the culmination of all of these this is my interpretation this is our conversation our philosophical conversation about this stuff all right so this is a culmination i think this. Is really 2020 is when all the stuff comes together you know you mention the fact that Interest Rates are very very low in that the bond market in america is at a 240 year high and its in a over 300 year high in Great Britain the bonds have never been this high in america or Great Britain in hundreds of years and actual Interest Rates have not been this low going back to base actually more than 3000 years so this is truly an epic moment you know Inflection Point if if if since fact is the moment of come up and and it is the time at which this paper spring comes crumbling down and then the other side of this would be probably would have to compare to Mount Vesuvius exploding or the tsunami disaster in indonesia or other such great natural disasters that it could potentially be a whirlwind of paper that would have such magnitude in force and create such chaos throughout the Global Economy as to possibly eviscerate half the worlds population well it is a Staggering Number 20. 8 percent of global g. D. P. Has been injected in stimulus in just the past 3 months so you know how we can get past that i dont know but its i think that the paper uprising that were seeing is a rejection of it and i think whatever happens next and it might take 2 years it might take 5 years it might take 10 years for this them on rapid numbers are huge right so the global g. D. P. Is almost i 100. 00 trillion dollars and the amount of money that they printed recently was 20 trillion right to 20 percent of global g. D. P. They they just blew into the economy with this fake money right now and that number is expanding almost exponentially so we as weve been saying on this show going back to dabis a few years ago they were preparing a Credit Facility with the i. M. F. The in a National Monetary fund of 100. 00 trillion dollars right so that sounds like were about to enter in arrow when 100. 00 chilean dollars debt loads are the new. Norm we already have a global debt which is almost 300 percent debt to g. D. P. Of the globe that structured debt as just dumb money printing so then you put the money printing on a similar track and now its a 100 children children and money printing even with Interest Rates at 0. 0001 percent the interest on all this money would be greater than the g. D. P. Of the United States or greater than the g. D. P. Of china right so thats this is a cataclysmic event where we go through kind of the Event Horizon and everything becomes completely as weve mentioned before we call this bespeak speak education of the Global Economy through the Event Horizon of Quantum Money printing and the Quantum Money printing has led to this paper uprising in my opinion and part of it is because weve realized that weve all stayed home nothing is happening nothing is being produced and yet everything is fine like the stock markets are all time highs everybody is eating theyre getting the food stamps are getting their paychecks and this also exposes the paper ponzi the paper that the illusion under which we have all been living since 1971 just an incredible story in the times poverty fell in april and may per one study because of the massive federal welfare expansion including expanded unemployment which was the extra 600. 00 a week and 1200. 00 checks even as the economy fell into a black hole so as we see everything around us has been closed down shut down no traffic no air traffic no nothing nothings happening for 3 months and yet poverty has declined because of this free money all of this paper being sent to people like this i guess i should say hes the money they these all kind of stick together so get out theyve sent all this free money and people realize hey wait not only do i have that leisure time thats been promised by all these efficiency gains and advancements in ai in robots and Technology Im sitting home. I got all this money lets shop right its amazing people would say you know america has got 100120 1000000 people at or below the poverty line and other countries would say thats impossible wall a 3rd of the country or 40 percent of the country is poverty stricken. And yet this is the proof that that data point is correct just a few 100 extra dollars a month suddenly average wage skyrocket you know it shows you that People Living in their car working 2 jobs and a mouth and High Fructose Corn Syrup its not a healthy situation and i want to say in the last few seconds here that you know just like the french revolution was sparked after the people the peasants realize they got to see that the kings books right that was. An attempt to quell the population and they saw how the king lived this by sending them 600. 00 a week extra plus a 1200. 00 stimulus check people are starting to see wow these are this is why jamie diamonds a billionaire this is why the way blank finds a billionaire i could be a billionaire to the fed clucky could make me a billionaire and hes chosen all this time not to make me a billionaire when all he has to do is throw me some money and im a billionaire why is that it was so easy this whole time plucky has never been so excited well were going to take a break and when we come back much more coming to. Join me every thursday on the alex im unsure and ill be speaking to us with a world of politics sports business im show business ill see if. You can still become a battleground in the u. S. Government people are demanding the shutdown of a local plant for my yankees is right now my focus because its a very dangerous oh no care power plant the owner is attempting to run the reactive beyond its all the. This case just sort of puts a magnifying glass wheres the power in this country wheres it going is it moving more towards corporate interests or is it more in the idea of a traditional participatory democracy is our ally with the people this case demonstrates that struggle in the very real ways a struggle. 54 jets and more than 1300 military personnel are headed to air force base in alaska where is that to say come on ill show you whats the reason for any type of enhanced u. S. Military presence in this area rush up. What is it suddenly about the South China Sea that makes it so that it 11000000000 barrels of oil. Take a look at this map who really owns what kind of says no it belongs to us india says no we claim that that belongs to us both of these countries have Nuclear Weapons capabilities there is reason for concern so thats why were going to drill down on this story for you today right here on the news with rick sanchez where you know as we always like to say we do believe by golly its time to do news again. I think the biggest danger. To destroy us is its us highlights of huge inequality that exists and i think one of the 6 that education of the. Changes access to the internet for Educational Needs to be i think to do this. And truly human rights. Welcome back to the kaiser report imax keyser time now to go to conor brown he has recently written a fantastic blog post at bitcoin reserve dot com titled bitcoin a bold american future were going to get into it but 1st connor thanks for coming on thank you so much for having an accessory to be here so youve read some interesting things here so how is big coin and matter of National Security lets get into that a little bit connor please certainly so National Security from a broken down to a couple different elements but the ones i focus on here is Energy Independence and the ability or a nation to have its you know control of its own money supply and i think that 1st Energy Independence decline is is very important because it can sort of reignite our Energy Sector are seeing a lot of issues in the Energy Sector receive a bunch of malinvestment you know a bunch of. Energy companies that arent necessarily as profitable as certain you know price of oil and so it coined by my own accord instead with that natural gas and this sort of digital i ply you can actually get much more money out of your oil and natural gas and you can also take things such as nothing and the sorts of excess parts of the production process and you can you can vent that off and sort of you know using it and just going into the atmosphere you can actually capture it and mind to clean with it so this is this is really important because you know you want to be a part of this sort of new Monetary System but at the same time you also want to give life to this interview and sector and you know therefore you know sort of create a whole new robust economy around Stronger Energy grids and more advanced Energy Production and more profitable to do right this question of energy and bitcoin is an interesting line i think widely misunderstood last i saw the figures Something Like 70 percent of energy going into mining is renewable and yet you bring up. Points there enough how many times they say fota gas was being burned off right there and that energy is just wasted energy that could be captured also because Bitcoin Mining is portable and you can go where the cheap energy is whether its lets say hydro electric or solar cells a lot more mobile a lot more agile so you end up with you know true Energy Independence at a much more efficient cost and thats a huge huge get for for a bit coin you also write about the dangerous game of debt a Company Called in a wire cart has collapsed into a whole heap of nothing 2000000000. 00 went missing or was never there to begin with. You know could Something Like this happen to our entire fiance system because the same type of wire card is just symptomatic of a much bigger problem conor yeah i mean i think this is something we need to really have an honest conversation about the United States has been increasing its debt burden for a very long time and it is growing much faster than g. D. P. And the amount of additional productivity we get from each dollar is decreasing as diminishing returns and so were kind of seeing this in game begin to play out where more debt you on the less you get out of it and eventually you know we all know that its unsustainable model you cant have a level of debt rising beyond Economic Growth or anything weve seen that happen now for 50 years which you know going generally happens to be about the wintertime going to the last so i think that were seeing sort of the in stages here and you know the coronavirus just going to be. An incredible chassis economically speaking right when we didnt need it and so i think this is really accelerated this in game and push it forward a few years old mill it is going to be completely d. Right said the problem with or the big problems of money and having a central bank that prints trillions and trillions of fat money is that you take away all the incentives in an economy and a capitalist economy you would hope that the incentives are that competition. Breeds excellence but here it seems to be the opposite now in the u. S. Because the things that are lets say the Zombie Companies companies where the interest cost on their debt is exceeds the profit of the company that we now have 20 percent of the s. And p. 500 classify as a hobby companies that number is growing growing a lot and so its up you know im a quite simply isnt that part of the problem youve removed the incentive to be a profitable all with a central bank that will write trillion dollars checks at the drop of a hat right yeah i mean anything its not just removing incentives its completely reverse the units and when you have money printing and you have this fresh money hitting the economy theres going to be the most profit to be gained right there where it hits the economy and we all know that but think about the 2nd order effects of that means that the best profits are going to be right there at the beginning of the month so people t