Coronavirus. The American People have witnessed what is the greatest failure of any president ial administration in history of our. Politics and peoples lives. With europes highest in the country seeing a new surge of Infections Health ministers praise for the governments handling of the crisis is called into question. Because reporters on your way in just a few moments back with a fresh news update at 7 am moscow time. Max kaiser this is the kaiser report kovi coated co bit so much to talk about lets check in with stacey well you know its hard to outdo donald trump and his shenanigans in antics and all that sort of stuff but were going to try so you know one thing we always say is where were at the end of a few dark ages and of an. Whether its the fiasco in c regime that has ruled the world since 1071. 00 or the u. S. Empire since 1905 but of course that whole pocket before it when the British Empire disintegrated was also quite chaotic and interesting tet offensive we had a pandemic in 1008 team that was right and that was equally crazy as now perhaps we didnt have a president sitting in the hospital but i want to look at some of the astounding information that is actually unfolding and going on wall. Everybodys locked down at home no apparently adult conversations are happening so none of this is being discussed but it does seem like they all know Everybody Knows its over the whole fiats system value of covert 1000. 00 stimulus packages in g 20 countries as a share of g. D. P. And you know it shows a whole list of them but ill just go over a few japan 21 point one percent canada 15 percent usa 13. 2 percent brazil 11. 8 percent turkey 10. 8 percent a strongly attempt 6 percent and at the bottom is mexico is 0. 7 percent so other than for the us all those debts will have to be repaid and there is a limited ability for a lot of these other nations to print like america can play now this is a fascinating data set actually because during call of it we hear about the u. S. We hear about china we hear about brazil you know but we dont really hear much about japan and yet japan i think in the grand scheme of things is in a poor data point in the intersection between the and the fee at the end of the u. S. Dollar is rolled reserve currency the end of u. S. Umpire because japan is has been in shall remain the cheapest source of funds in the world because Interest Rates in japan have been the lowest for many many years down just hovering just above 0 is spend the go to place for all leveraged speculators to borrow engaging in what is called the carry trade you borrow money in japan and you invested in other. Currencies that might yield a higher rate and youre capturing that spread as you carry that cash over to another currency but also funds much of the leveraged buyouts in america the private equity speculation the deals of mergers and acquisitions they all are from the fed but on the wholesale market globally speaking the fed boss in japan that japan is that the global piggy bank so its interesting because they have no monetary discipline there in japan so it makes sense that they would be the number one on that chart in terms of 21 percent of g. D. P. Now in fiscal stimulus for covert or monetary stimulus for cove it because thats where the world goes for cheap money and so thats a country that is very used to they invented quantitative easing thats their term so thats the intersection the point is as well is that. One era is dying literally in situation of a pandemic but part of the reason why is dying is because as plundered so much from the future so the fact that we dont have any savings or you know were all having to issue so much debt is because we dont have the we have a just in time economy we have a. Piles and piles of debt that has ruled over and over and over the the extend and pretend thing and what it what we were pretending is that generation z. And millennial would not have to pay for this but they obviously are having to pay for this so i want to continue you know we talk all the time about pos yes quo and ill read it again when plunder becomes a way of life for a group of men and a society over the course of time they create for themselves a legal system that authorizes that and a moral code that glorifies it so over time they create us and over time this started in 1970 once a 49 years later next year will be one it will be 50 years since we started on an off global standard i think kick the can down the road and hope it has revealed the end of the road yet thats a good way to put it and ill show you this headline is like the mines that plunder is everywhere and everybody does it Small BusinessEmergency Loan Program in the u. K. Threatens to descend into chaos a goldmine for enterprise and criminals even legitimate borrowers face sky high default rates taxpayers to eat the losses and this is called the u. K. s bounce back loan program well the point is that you know you have looting at the top 11 looting throughout the economy and governments are trying to rush in these programs but the governments that are rushing in these programs themselves have been perpetrating a massive for fraud i mean thats what it is in terms of the last 20 or 30 years every. Penalty weve seen applied to all these big banks whether its the u. K. Or the u. S. They got caught red handed committing all kinds of accounting fraud and sun now theyre trying their packaged their programs as they understand because it never got put in jail for it so theyre thinking about what we were doing this is the right way to do it and so they repackage the same kind of progress but for small to Medium Enterprises and these guys in the small to Medium Sized Enterprises in the u. K. And in the us they dont have the sophistication of a city top banker you know theyre basically thugs so then they it becomes quite ugly doesnt it its like fagan in the you know in the not the wizard of oz but the oliver twist oliver twist fagan oliver twist is all excited so insanely so ok whats go over this whole program what happened in the United Kingdom they passed a program called a bounce back loan program and they had to introduce this because of a originally back in march and april they said ok the government i. E. The taxpayer will cover 80 percent of the loan cost and you the banks issuing because the private banks are the conduit the middleman you the private banks will have to eat the 20 percent you have to take the risk of the 20 percent of us no bank was willing to loan to the small and Medium Sized Enterprises that was too risky for them they saw ahead they have data on statistics and look at the at that at the case of what happens with the pandemic and they were the honest ones and said no thats a risk of total wipe out for us were not going to do it so the taxpayer had to bail out they had to offer a 100 percent guarantee for these lines and so at the same time some part of the unit of the government organizing this did say well this is a recipe for fraud and what happened is a whole bunch of elsies were created a whole bunch of limited Liability Companies are created out of thin air everybody applied for a loan and they all got it so all of the 50000000000 there there. Theyve lent out to these small and Medium Sized Enterprises mostly to Small Sized Enterprises well all of that theyre expecting that itll be as much as 23000000000. 00 pounds at a minimum that wont be paid back so the taxpayer will eat that 23000000000. 00 pound car so this is a failed government scheme and it goes back to George Osbornes by the lets game remember on the. Help to buy scheme by George Osborne we covered it we said mother loved it he she thought it was a Great Program his mother loved it and at the time we thought you know this is just going to boost the price of homes because youre injecting all this ersatz money and thatll just actually make the situation wont know make it any easier for people to get homes because the prices go up by the exactly the same amount of the cash or injecting and sure enough thats exactly what happened and it ended up with a price bubble and it ended up with a lot of money in the u. K. Economy that would have gone into different types of industries and a difference of 5 economy in a robust economy it all goes into housing so now covert hits of a bubble bursts and he suddenly dont have a diversified economy or contingent upon the success of only one industry housing and the banks that made all those loans are terrible shape but that was the antecedent to this and now covert hits and theyre saying ok now what were going to do is were going to boost the economy with all these more free money from the government oh by the way thats unfair for a 1000000 Different Reasons so there is going to make it available to everybody oh thats not going to work because if you give everybody free money then theres no actual fraction of the economy that would be legitimate g. D. P. Growth its all fake so therefore the taxpayer is going to have to pay and are going to raise taxes and by the way the government is broken have to increase our money printing as well so its the its the flipside of in 2012 was the peak britain of the century of the olympics where there the queen jumped into the olympics from an from a from a from a helicopter in the same spot james bond you know that was the peak of new britannia pertaining to this. Just slip n slide down again i dont want to just pick on the u. K. And George Osbornes mother did love that i do want to be fair and balanced that there was and the people who got the free money from the taxpayers did love the program as well so they you know anybody who gets free money loves the program but the problem with this plunder and the problem with the trickle down to remember the pope just said that trickle down doesnt work the trickle down doesnt work because if its a system of plunder based on it youve got to get everybody to do it so the fact that all this money sat there and only the plunderers only the fraudsters came forward to take these loans youve got to get ordinary citizens to also participate in the plunder because if theyre going to plunder you you know everybody has to enjoy the plunder because although thats the system is based on plunder so if youre not plundering then there is no economy and so this is the situation in the u. K. In europe in america all over the place that the ordinary citizen has not participated enough in the plunder ordinary citizens are sitting in lockdown at home and collecting some unemployment but they should be out participating in these plunder programs because thats the way the system is set up and designed and that is why. Almost 50 years later if it makes sense to 50 years this system has been plunder all the way through why should vestment bankers be able to list blank check i. P. O. s on the Stock Exchange for billions which give them a lot of tude for almost infinite plunder yet why cant the average mom and pop or in the u. K. And in america list themselves on the exchange as a blank check i know they should be doing 1000000 dollar they should be doing that and thats the problem with our economy right now is theyre not participating there too theyre trained in all these sort of ideas of morality and you have to be a good you have to pay back your debts and all that sort of stuff look at the way people responded to all of the debts on Donald Trumps tax returns there. Is are and again like i have to say this is theyre causing the problem because this is a system based on plunder it is a system a plan. And yet they refused to participate and thats making the whole thing to centigrade faster because its causing the wealth and income gap is causing us to. High. On steroids down the road in an s. U. V. And you know where in this crazy situation because of that but its just they have started the plunder of time that has happened over the past 50 years of this all fiats currency system and its the day of reckoning the bills coming due for somebody remember if youre not actively plundering you are participating in someone elses ponder as attacks last we made that point clear in the last episode with n. B. C. And comcast ok were going to check your break when we come back much more coming your way. As the u. S. Economy was booming doing numbers of people when they did. You can work 40 hours in a week and still not have enough to get housing everybody believes america still is the land of opportunity the reality of were not financially equality and the lack of the floatable housing living minimum wage give many people no choice. Just been a problem with the city rose to return and told me stay away a little bit. Of the food if there is no answer because you know its the 4th resource the most vulnerable are abandoned on the streets to become invisible to us. But the littlest of all. Ill just. Keep on going to watch him again i wonder why its why hes not. Out of the. Year we hope to be but there are here are some friends of the us are still so but the so beautiful thing to do something to see. Which. They value about the house and the simple dollar a cell phone and i was able with someone that you know were going to have. Welcome back to the kaiser report im back faster time now to return to our conversation with this young man as you throw up welcome back thank you max so the 1st part of our discussion in the previous episode we were talking about this Virtual Reality meets the reality of today i thought very interesting i wanted to get into some other aspects of this i should mention that youve got a 5 part series out called when the world market itself is fake economic value loses any real meaning i want to talk about some of the economics involved here that weve been subjected to and ben victimized by that would be the private equity model is being deployed against all economies using the feds free money the central a to do leverage buyout of the entire economy where you see this going what happens when there are no more assets and only liabilities left well again i mean i almost wonder where that al you is going we know that literally tens of trillions of that are being siphoned into offshore havens taking it out of circulation and being put into these private secret Bank Accounts now i understand the motivation of that is greed and i understand the motivation and that is knowing that you are stealing and you only you have to hide stuff that you steal because if people find out about it then you know all that said you might actually have to give it back but again we talked about nihilism what happens when you withdraw currency value assigned value and you basically store it away outside of the economy you impoverish everything and they do that on the micro scale with companies they just borrow money you can look at the term itself they used to be called corporate raiders and they did make over to live fish by then another p. R. Make over to private equity yes. Rader thats what were talking about here you go in you saddle them with debt or you borrow money on debt and then you lay it back on the company you just bought you hollow out all of its productive assets oftentimes real estate and so forth and it has happened in every company practically every company they touched yearly insert they did it even with your executive cleaners and it basically bankrupt the Company Owned once Productive Companies for creating doubt quality d products they used the reputation they used the information of the momentum of that and then just savage it where is that going to go i dont see it going anywhere except creating essentially a worldwide production bankruptcy and a complete hollowing out of any kind of quality in products except those made on a more local level to foam wall street in the 1980 s. The roger stone film i believe was the director oliver stone oliver stone and i said roger staats hes getting in the ad business now. And so this was the gordon gekko the corporate raider and doing the leveraged buyouts and his speech about how the shareholders rule and you know we can never the Pension Funds and get rid of labor now this this this film was used as a textbook for 2 generations of corporate raiders and the size of these private equity as you point out its a reprint of corporate raiding as not into the chileans of dollars and they private equity firms are you know a trillion dollars in size black rock is worth over a trillion dollars warren buffets firm is worth 5600000000000. 00 its a good its essentially a friendly corporator firm and as you point out trillions of that value gets Spirited Away into these offshore black holes and never seen again and you know its really amazing to me this is if you got the central bankers like Jerome Powell will testify before congress that he has no reason that idea why when he prints trillions of dollars the money velocity that is the chart that shows how. How fast money is circulating through the economy he has no idea why the money of loss is crashing he just keeps printing and as you point out and others point out and others youve looked at the big 4 Accounting Firms who enable this to happen its quite obvious you can find 25. 00 to 30. 00 trillion dollars thats now offshore thats been stolen by private equity and such your own pastoral powell is he just a useful idiot and that he doesnt really understand much or is he a complicit but i think i think its a combination of both hes a useful in it in so far as i think if you ask him he said well what else can i do its probably what his answer would be and i think hes complicit in the sense that he understands where his bread is buttered right he understand who pays and the understands are his prissys comes from the understands that if he goes contrary to their precious hes going to be out on his ear so hes a little bit of both and you know the regional question what else can i do i would say how about actually giving money to productive citizens who are hurting right now instead of buying up the irresponsible ridiculous decisions of corporations who are hollowing out getting way too much in dividend saving no money for a rainy day you expect us t