Were back together now with the latest 1st its the kaiser reports. Hey you know back in 2008 when the had the Global Financial crisis and banks went under of Lehman Brothers bear stearns and some European Banks are going to go under that all of meetings all the weekend long and the policy was not to reform banks but to give them a bigger credit line 1020 times bigger at the time we said you know it in 10 to 12 years so if theres going to happen but a lot bigger well here we are 12 years later and the states are just as you said. Its all unraveling again especially with European Banks because they are not the center of the empire they are not rome they are outside so they must suffer but before we get to that fin send story about the European Banks i want to say once again we find toilet paper roll is a precious commodity as lockdowns began apparently there are rush mad rush on toilet paper all over the western world and were seeing shortages of toilet paper again that was also something we protected. Right so here is the headline from wolf street dot com they say hit from all sides European Banks stocks swoon to 1988 low leaks about Money Laundering a resurgent pandemic china risks exposure to turkeys financial crisis all in a negative Interest Rate environment that is toxic for banks so the stocks 600. 00 banks and x. Which covers major European Banks slumped 5. 7 percent on monday to close at 81. 00 just a smidgen above the mall 5 decade low of 79. 00 set in march the last time before march that the index was below todays level was february of 1988 during the sell off that followed. Black monday in october 1907 when it also slumped as low as 79. 00 the index has collapsed by 85 percent since its peak and may 2007 after having quadrupled over the preceding 12 years its looking bad right i mean 1988 and the connections in 1987 black monday the crash of that year its very important and because the solution then was to extend Bank Credit Facilities thats how Alan GreenspanRonald Reagan and robert rubin the plunge Protection Team or that working group on finance the president S Working Group on finance decided that they would solve this problem by not punishing or reforming but expanding the credit line of these banks so they did exactly what they were doing but on a bigger scale and then we have of course another major move down in 1989 we had a bomb crash more or less in 1903 we had the dot com crash in 2000 we had the 2008 subprime crash and each one of these crashes were caused by the exact same thing over indebtedness too much leverage and no accountability no one foresman of regulations by the f. C. C. And then send in others and each and every time the policy from the Central Banks is to expand credit line and say do it again but do it bigger and now in 2020 we have of now some more thing happening all over again its entirely predictable entirely preventable but has restrained once said that their job is not to do anything to proactively stop chaos their job is only to react to the chaos by printing more money so if youre in the chaos business and you know you can get bailed out with the greenspan pin greenspan put the the ben bernanke he put the janet yellen put the jape out put in other words you know the Central Banks going to cover all your mistakes and let you keep all of your bonus money no matter how many laws you break while youre not going to stop right well one reason for the route was the release of a. Report by the International Consortium of investigative journalists on lenders that have facilitated 2 trillion dollars and suspicious transactions h. S. B. C. Deutsche Bank Standard chartered j. P. Morgan chase and bank of new york mellon were implicated over almost 2 decades the 5 banks had rich themselves and their shareholders while facilitating the work of terrorists to kratz and drug kingpins the report said so of course i mean we cover this all the time weve been covering we covered Precious Metals manipulation over and over we had guests who pointed out exactly how it was happening where it was happening at the exact seconds that it was happening and it took you know they got to steal billions of dollars and then they had to pay back some of that and this will happen you know again this time because of course fence and will have to be seen to be doing something they have to respond to this report and do something in the crackdown but they wont crack down on j. P. Morgan and Deutsche Bank and h. S. B. C. It will seem like it to the news to the to the you know ordinary voter think wow Deutsche Bank paid 2 1000000000. 00 is a lot of money but of course its going to be back doored through the taxpayer theyre going to pay it out nobody will go to jail in the meantime they will crackdown on ordinary small investors Small Business people ordinary people and well get into that in a 2nd so for its 11 years ive been saying that j. P. Morgan jamie diamond have been funding terrorism and now finn sent us come out and said exactly that and as you say nothing will be done on mean that this i dont know what he alan joe great i mean they go to the doctor he says doctor my brother thinks hes a chicken and the doctor says here take these pills because no you dont understand we need the eggs. So even though if incense says these banks are committing terrorism the Justice Department will say we need the eggs we need the money we need the revenue we need the profits we need the billionaires. Well max what you describe there is the holder doctrine of course you and i right here in kaiser report cornered eric holder former attorney general of the United States who let h. S. B. C. Off the hook many of these articles up and printing out the h. S. B. C. Only signed a deal a few years ago with eric holder saying that they promise never to commit any more crimes and these documents show that they indeed can continue to launder money for drug cartels and other people thats really incredible so raises just b. C. I remember that they they cut a deal with eric holder under obama and that they wouldnt commit crimes anymore and then theres theyre recidivists you know they just continued to do so blithely can knowing that theres no rule of law go Google Kaiser report eric holder and youll see exactly we confronted him on this issue we told them they would commit crimes again he said they wouldnt commit crimes and he thought he did a good job at extracting a 1000000000 or 2 from them and that that was all he needed to do and that eric holder doctrine does say that they cant go after these big banks because that might jeopardize the entire Financial System so what youre seeing as a response from wall street goes into it is that theres a consolidation another wave of consolidation because after the crime wave that led to 2008 you saw consolidation after that the the actual criminal banks the most criminal banks got bigger and here youre going to see the same exact thing again were going to point out what what this fence and release is you know these are word documents somebody within fence and release these documents and theyre considered really really really huge of the top most confidential documents so if would ever the whistleblower who ever released these documents does face like decades in prison if they do get caught but the problem with this is that there are millions and millions. Ians and millions of these sars. Reported like any time theres any transaction if you receive or spend more than 10000. 00 you get reported to finance and as suspicious activity report you get one of these sars reported on you because the banks. They just send it in just to avoid getting a fine so that we sent you at the fence and so fence and gets overwhelmed with all these millions and millions of documents because everybody has reported not just the bad guys so here they say Deutsche Bank of paris have the solicitor more than half of the leaked to chilean dollars of transactions which were flagged to the u. S. Government but rarely read by investigators let alone acted upon according to do it without expert said that some banks treat suspicious activity reports the sars as a kind of get out of jail free card filing numerous reports on the same clients detailing their suspected crimes over the course of years while continuing to welcome their business right well we thought what do i see banks as being potentially the next Lehman Brothers and certainly they dont look good at the moment but you know this is a discount cause consolidation is a key point so remember like the 5 crime families of new york during the seventys what if giuliani one in their house year arrested him busted one crime family the remaining 4 consolidated it became bigger and that continued until they just had one super crime family that was too big to prosecute and that was a risk right so thats why they came up with rico racketeering charges and were 11 years weve said the only way to curb jamie diamond a just b. C. J. P. Morgan Goldman Sachs b. N. P. All these major banks is to apply to racketeering law thats the only way youre going to stop it unfortunately theyre just going to go after ordinary people that will have to be seen to crack down they will go after somebody whos like a Small Business person with a 10000000. 00 turnover a year though marching in front you know the frog march him in front of the. Yes incarcerate him for 30405060 years and theyll say see we did something about it because they have to do something now right so if insan is embarrassed by this and no billionaire banker is going to get arrested they wont get in trouble because the holder adoption already establishes that this will jeopardize the system so the have to in order to maintain confidence from the people in the institutions will have to throw some some low level chumps thats what they used to do with the mafia before giuliani took them down remember they used to throw away a few of the foot soldiers and say see we did something or somebody does time for a few years then if they dont squeal on anybody they move up the organization and exactly the the rackets of wall street are a growing exponentially theyll be consolidation and jamie dimon will make another 1000000000. 00 yes so there will be consolidation and i think you know the this issue with Deutsche Bank and h. S. B. C. H. S. B. C. The biggest u. K. Bank Deutsche Bank the biggest german bank i. E. The biggest European Bank so are we going to do anything with them we cant write because those are our allies one of them will end up being acquired by j. P. Morgan i think thats clear like its like u. B. S. Paine webber was a huge intercontinental merger at that time to nobody thought that was going to happen but youd be more going to buy either Deutsche Bank or h. S. B. C. Well well see about that but back in the u. S. And i think you know my theory is that with this next we have a lock downs and this collapse in the banking shares i think the u. S. Is just going to have to step forward to you know if this is their empire theyre going to have to. Because they have the reserve currency theyre going to have to start sending checks to europeans british might be 1st i think u. S. Treasury secretary menuchin trump would support additional p. P. P. Money you know talk of scams here was like tens of billions of dollars just thrown at people we personally know several billionaires that received like 510000000. 00 from these p. P. P. Loans that are supposed to go right goes into lockdown again youre saying your theory your idea is that the fed will actually start sending checks to british people because the bank of england cannot print money like the fed cat so theyre going to have to do something to keep this system alive and you know just like its like the equivalent of a Marshall Plan for itll be like introducing a new Digital Currency for the central bank a c b d c and theyll introduce the new digital dollar and theyll send some to all brits and perhaps then europeans but you know the europeans will be a little bit more reluctant to join it because germany likes to have some sort of sovereignty but i think eventuality that either they have really high inflation or they accept this right yes thats awesome thats a great idea well i love helping my fellow brits all right were going to take a break and when we come back much more coming your way yeah. Join me every thursday on the alex im im sure and ill be speaking to us of the world of politics or business im show business ill see you that. There are no doing a good story. For you but so. Proud american. Because the. City the mothership is. God since we. Need. To give. Some distance between. The missions and arms of. Welcome back to the kaiser report i max kaiser time now to turn to brian rommel a voice 1st dot expert and around the coin podcast hes an expert in Payment Systems and observer more of a renaissance man of many technological matters such as Artificial Intelligence and space travel brian welcome to the kaiser report max thank you for having me here i really appreciate all righty so you also have an interest in music correct absolutely yeah the musician for my entire life also have you ever been to the rock n roll hall of fame. Yes twice and what is your favorite exhibit there. Oh my gosh anything has guitars in it so. I walk through the entire place in a high its amazing when its right oh i figured as much because your twitter icon has you with a guitar im thinking oh this this guy is a guitar man said he way lets move on to the matter at hand so youve got a background of payments and Artificial Intelligence written relating to Voice Technology so i wanted to pick your brain a little bit about whats going on with tick tock right tick tock is this app that is a lot like vine was with twitter many years ago but then ive got a chinese version here it seems that the the companys Artificial Intelligence scares and entices the u. S. Government and corporation so is that this tech talk use Artificial Intelligence and why does it got so many people you know you know they get their feathers in a flutter great question max i think whats going on is what we would normally call it. Older or somebody behavior in context so essentially whats going on is as you engage with content on and thick cock the algorithm or the ai its really just an algorithm that optimizes cheer when you like starts creating predictive behavior and it starts feeding more types of information that would lead to you in gauging in the platform longer and longer now that sounds familiar thats what all social media platforms are designed to do. But one could say its almost becoming weaponized to the point where you could actually start influencing behavior based upon a cohort of similar individuals who like certain types of content and that is where i think were sort of at that. B. S. Where governments are starting to become im very concerned its a valid concern if its a citizen population of citizen suspending a tremendous amount of time in any type of media and government is always going to be concerned throughout history what that media is and what impact it has on the population and that medium is primarily controlled outside of the dhamma sile chicle government dare get maybe even more concern is equivalent to having a newspaper published by in their country becoming the most popular newspaper in the country right right now are not scientology companies in Silicon Valley theres a book that came out recently how to make your product addictive and you know the the the apps on the social media sites and gambling sites are sites that do and similar types of. Applications and how they are they are thats built into the protocol that these are to some degree addictive and this is what drives a lot of their traffic and the so. The criticism of tectonic it seems like in on one in one regard the people in Silicon Valley in the United States are upset that a foreign entity is out competing them because its that theyre doing the same thing that these other apps do but theyve taken the Artificial Intelligence leap right so that they took a tech leap and then the u. S. Is saying should let us be thinking more like how do we compete with this instead of how to shut it down there is definitely that going on too i mean you. Youre seeing the be diphtheria not only what is this ai doing which is sort of your dystopian type of fear that youre going to get with any new technology some its overblown but some of its very valid and then its fear of whether or not there is an ai gap between governments and most certainly there is and this is showing up in popular products right getting a popular by accident it was promoted very very heavily outside the United States where became an interest in the u. S. Senate and it took off wildly but like everything in 2020 you have to overlay all the other political agendas that are taking place you out space procuress is the world twitter versus the world tectonic versus the world all of these things are interplaying but it doesnt belong i the underlying issue the underlying issue is how far do than does an addictive process become or it becomes. A difficulty in that p