A civil war with People Killed on both sides. Those are your headlines my colleague neil harvey will be here in about an hours time with another look at your headlines this is our International Stay with us. Here this is. Gold in money. To do that jay powell do that jay powell old whoa whoa whoa whoa whoa whoa whoa whoa whoa whoa whoa move would get ready this is not virtual this is real they had virtual jackson hole they had an ounce or profoundly consequential zirp for ever essentially were going to have a 0 percent Interest Rates for easier for 5 years that was on the advice of plucky plucking once again profoundly consequential to the World Monetary system so those are forever as we have predicted here for years on report remember we said you cant taper a ponzi and it turns out you cannot taper a ponzi theyre admitting that of course a lot of people love it because what happens that the markets boom right and mark i got my money again i got my money again my name is jay jay jay i got my loan a gun i got my money gun all i do is pretty oh good day because i like to see the stocks you want because like all the stock myself and id like to retire a billionaire i work a Hedge Fund Like all the other extra president s do and make more billions because i like my money because the lotto need. More to come im a work in progress. Well i found an analogy for what is happening here is that an analogy or metaphor anyway i found in the Chicago Tribune its called vomit fraud and it could make your trip really expensive so you know you get into your burger at Grand Central and take it down to Freedom Tower and you think way 2527 bucks thats pretty good the next day you tune in to your account and you find that you can charge 150. 00 and theres a photo of vomit that you allegedly left in the backseat well this is apparently right at the moment where the drivers are claiming that somebody vomited in their car. And that youre being charged 150. 00 so this is what im saying is when you look at our Financial System thats in fact what youre getting with the fed reserve and q. E. Policy is theyre charging you with the vomit fraud of the bankers that theyre the ones that issue debt that is unpayable and then dump it on to you and theyre sending you a photo of their Balance Sheet essentially saying look you did this youre the one that did this and youre like hey i was just like going out for some groceries and now its 20 percent more expensive because of what because of this fed vomit fraught right theres plenty of vomit fraud in the United States economy and its perpetrated by the Federal Reserve bank and youre right in that we are being charged for the vomit front so when they make a bad policy decision by like for infinity and this causes huge mal investment in the economy and lets say the the bailout insolvent banks right and the savior of Warren Buffett and Berkshire Hathaway even though they were technically insolvent back in 2008 that is the vomit fraud that we have to pay for and then Warren Buffett will go on t. V. It goes to plays ukulele and i say thank you for paying the vomit fraud and i had to ice skate can solve and see then you have Companies LikeGoldman Sachs j. P. Morgan h. S. B. C. Its a global vomit fraud phenomenon every major bank in the world commits vomit fraud and every major population in the world has to pay for the vomit from you know its like money as vomit. Good yeah and they sell it like hey this is an amazing like lets you find haleigh ride wherever you are and blah blah blah and you dont need to speak the language and its a cheaper its easier and and you know it helps drivers who gets to rent out their car essentially and they say the same thing its like were providing liquidity were helping the markets were helping the coalition providing liquidity or write this plan. If ahmed probably quit everywhere you know i got an idea for a business is called vomit d. N. A. Kit so when if somebody over a driver tries to claim that its your vomit the backseat that the going to charge 150. 00 for you can whip out your vomit d. N. A. Kid and say prove it ive got my d. N. A. Of my bomb and right here if you can match it ill pay if you can match it you owe me a 500. 00 for harassment baby lets get these lawyers working overtime and you mentioned Warren Buffett and i do want to say you know prior to this virtual jackson hole the fed had announced they were going to announce something that was profoundly consequential but we knew they were going to do that we knew they were going to tolerate more inflation than the 2 percent we knew they were going to keep sir 0 percent not only because kaiser report said that but because warren buffet fled right he he dumped his bank shares he gets the inside information he gets to speak to these fed executives because you know thats how they do it. You know we have friends who are in many of these senior primary dealers and what they do what they say is that they get calls from the fed who legitimately can say were just researching like where before we make any policy decisions were going to speak to senior bankers and find out whats going on what theyre really doing is tipping them off and saying what would you think if we took rates negative what would you do of course theyre telling the person were going to take rates negative so what should you do so Warren Buffett obviously is you know them one of the most successful businessman and investors in the world so theyre going to call him and say hey warren what would you do if we come up with a profoundly consequential negative you know 0 percent Interest Rates for 5 years you say oh good things. You know id be a little bit concerned but do what you have to do sell sell sell sell j. P. Morgan sells Goldman Sachs go along gold now its amazing with that Insider Information the Warren Buffett has that he still underperform the market now for 15 years incredible thats the sign of a true at least to put person but you know of all the insider trading. In the feds policy saying were going to extend the quantitative easing indefinitely as you are saying thats the worst kept secret in the history of the world because there is only one thing they can possibly do that can only print you can only you cant taper a ponzi scheme as weve often said before they can only print then they can only expand printing exponentially like any ponzi scheme you need a bigger base of the pyramid scheme has to get bigger and bigger and bigger it is showing up and prices Commodity Prices and we do see people now reporting back and saying hey i cant afford food im starving on the street and the fed saying well send us something to vomit and prove it and then they say well im too weak to give the post office and its closed because of voter fraud allegations they say about the vomit we cant send any more checks we got a senate that jamie diamond because we got his vomit and it looks like legitimate jamie dimon vomit he gets all the money you get nothing you mention commodities of course aside from being a central banker plucky is a commodity he is a chicken chicken prices in a food prices have gone up and i think this is what the fed will be using as well not only will they do have donek adjustment and say well you wont eat chicken you only chicken mcnally guess what or what are food like substitutes right and look for ways to say that the prices are always declining but if you look at the c. R. Be index that commodity is index youll see the commodities inflation accelerating obvious to everyone who has it in their accounts as up 42 percent since may of course there was a huge sell off before made during the initial pandemic days again you know the 42 percent is a huge increase in the commodities prices at a time when we are going down and the you know governments especially outside the United States are running out of free money to give to people through this pandemic especially that it seems to be the case that you know they were hoping to extend and pretend and just. Like just another 2 weeks just another 3 weeks just another 4 weeks another 5 weeks now its another few months maybe next year that we might be able to return to normal some sort of normal economy whatever that is if we stay you know i dont think well remember what a normal economy was did i ever share with you my recipe for chicken lips oh and a classic depression era recipe which i think ill get popular again as well as dandelion soup people who know they picked the dandy lines off to the weeds weed soup to be on but you know the thing about this inflation also remember that its not so much inflation like peoples wages are going up this is inflation caused by the collapse of the us dollar so the us dollar because of all this money printing is turning into the veritable garbage like venezuela bolivia are or is a bob way currency or about iran so people are getting sent a lot of you know checks in the mail money in the mail but that takes more of this garbage for money to buy the same amount of stuff like lumber commodities so its an indication of a us Dollar Collapse every empire clips their coins every have so in jay powell is like the Roman Emperor when he says you know what were going to do quantitative easing for an eternity what hes saying is were going to clip these silver denarius coins even more and were going to keep clipping them and youre going to keep getting less and less money and then the empire is going to collapse and theyre going to go into a dark ages and i dont care because i like how money gone i like my money again wheres my money gun my money god im jay powell im out of my bar and im a Roman Emperor thats throwing the entire economy under the bus because im afraid can you do you know. Get you know you saw the signs coming because all of the number one top investors in the wall the weather is warm weather is the raid whether it was. They all were exiting they were all. Fleeing while the ordinary person was coming in because the ordinary person does like they dont mind the queen clipping if you have. The bread and circuses if you have all the fun games and certainly were having these bizarre games now in america whether its between the riots and and and like militias versus activists like shooting it out in the street burning down buildings burning down cities maybe you know some people see that as fun like gladiator again thats just don lemon over at c. N. N. Yeah so you know thats part of the bread and circuses we have these Party Conventions which are. Because i dont want to overmodulated blow out the audio files i wont act like Kim Guilfoyle oh wow she was definitely excited now but these are part of the economic clipping times this is you know when you have when the entire economy and your entire monny Monetary System all that it has left is vomit fraud and who you can package that fraud up and sell it to around the wall if you like a lot of games when you see these riots in the cities like poor live in wisconsin thats like the old gladiator time you just put a lot of poor people on the streets given some clubs and bats and have at it you know for our entertainment its bread and circuses rome had a lot of civil unrest as well its part of you know the elite to bandon ing you you know they just leave you to fight for yourself and thats part of what is happening and you know stress and distress and all those sort of things oh my god what could be better well were going to take a break and come back dont go away and remember i got my money. So what weve got to do is identify the threats that we have its crazy to. Let it be an arms race. Spearing Dramatic Development only mostly exists i dont see how that strategy will be successful. If you sit down and talk. In the. Welcome back to the kaiser report im max keiser time now to turn to tyson slocum he is the Public Citizens Energy Program dude tyson welcome back to the kaiser report they always great to be here now more blackouts in california whats the cause this time and how does the structure of the regulatory system cause the blackouts typhon the grid operator is a private Company Called the fornia i. S. O. Or independent system operator and they are tasked by the federal government to oversee all aspects of the grit and on august 14th and then again on august 15th they had to declare whats known as a stage 3 emergency thats the worst stage to be and because it means that they dont think that they have enough power to meet demand so they have to force poorer parts of the grid to endure blackouts to help bridge the gap between. Supply and demand so they had to do that on friday the 14th and then saturday the 15th and the immediate cause of it on friday was a very large natural gas power plant tripped they were able to secure enough imports and so its just a complete disaster and as a grid operator they really should not be in any position to be calling for those rolling blackouts because they should always have very predictable ability to foresee exactly what supply and demand is going to be there was a problem with some of these natural gas generators and on saturday a very large wind farm that that had unscheduled outage. It is and so we have sent letters to federal regulators at the federal Energy Regulatory commission and to the President Health warning i was so the grid operator asking them just to publicly identify the names of all of the generators that had unscheduled outages or were unavailable when called upon to. Provide power to the state. We just want the names so that we can do our own investigation into whether or not these power plants went down for legitimate accidental reasons or whether they went down and run style intentionally to create this. Artificial shortage because one thing that happens in the immediate wake of these rolling blackouts is prices in the wholesale market of course skyrocketed so in some parts of the california market to over 3000. 00 a megawatt hour which is a massive increase so. That california markets plagued with problems its not the result of california has increased reliance on Renewable Energy as the primary immediate triggers were actually the failures of natural gas power plants amazing that they pay up to 3000 dollars per megawatt hour now but they pick one miner theyre paying less than 0. 02 per hour to get out you know this u. S. Federal government really stank because the word i caught in your explanation there was the word private right the private Company Energy education Transportation Health care it should be public they should be run by the government thats why i pay taxes but instead the taxes go to wall street right so 90 percent of the taxes of the wall street is owned by 10 percent of population and it keeps going up because as even nancy pelosi just a minute my money is going to pump i have to. Buy stocks just to offset the the donation but im giving the head fines just to make that whole but you know the federal government really really stinks to high heaven now lets talk about california Gavin Newsome these the governor he recently approved a license for chevron to begin solar powered fracking in california is c. Brain dead is c. On drugs is this an orwellian nightmare is he just stupid yes its ridiculous to approve whatever solar powered fracking me that its a nonsensical term just means that theyre going to have a very expensive drilling operation that might happen to have a couple of solar panels but theres no way that that solar is going to power all of the Massive Energy needs that a fracking operation requires as you probably know fracking its sort of like strapping a jet engine onto a drilling operatic to force all of that water and chemicals and and sand deep into those formations takes enormous amounts of energy and an onsite solar arrays is really just going to be powering their coffee machines and the lights in the trailers its not going to be running this fracking operation right its the quintessential example of putting lipstick on a pig i mean gavin newsom if you bought a new automobile a new corvette he would hire a horse to drag him around town right he doesnt understand that 11 the guys im sorry i think hes clinically insane anyway now bloomberg reports that this is interesting like this tyson botswana and namibia are jointly to develop Solar Projects for a much as 5000 megawatts through installations built across their mostly flat sunny landscapes so african nations seem to understand solar is this correct oh absolutely this is one of the best applications for solar when you dont have. An already developed grid infrastructure like they have in the United States in the United Kingdom and and in most other fully developed countries the challenge in a country like namibia is how to get electricity to all the people and businesses that need it and the cheapest way to do it is with solar where you can have solar panels close to the sources of consumption in the villages and towns you dont need to install a whole bunch of large Transmission Infrastructure to move that solar power from where its produced to where its consumed instead you just cited it right there or where people live and the great thing about citing a solar array is you dont have to worry about the