Largest city. As your News Headlines for this hour my colleague neil harvey will be taking over in just about an hour on behalf of myself and the r. T. International team thanks for watching and have a great day. Hello im max keiser this is the kaiser report you know going to talk about. It but before we do it i just want to point out that before we said on the show that negative Interest Rates were telegraphing something global d. Population. Wow we were right i didnt know exactly what it would be having said that im now going to throw to stacy her because shes got a lot packed in here i want to check in now so what the audience can understand what you were saying is last year around june of of 29 teen you asked royce of gold money dot com how on earth negative Interest Rates could ever exist because never in history had that happened and he said the one thing it could possibly be suggesting is huge decline in population whether through choice that people just decide not to have children or a pandemic then it would make sense you know a lot of our system is quite massed up and we just refuse to where we have so many sunk costs right that we cant really change course the globe is orchestrated with the infrastructure of finance and banking and geo economics and globalization and trade is all engineered for just in time so theres a kind of inertia that happens when Something Like a black swan arrives like a pandemic and we all are just sit there waiting for something to happen or for it to go away because the system cant deal with it so were going to look at some interesting stuff coming out now that the World Health Organization and the un are saying what was obvious to many people were allowed to say it because before you would get the platform for mentioning what was obvious and thats part of the problem of why we have no adults in the room i were not allowed to have any conversations in this era where hillary lost in such a humiliating resound in defeat in 2016 a lot of people arent allowed to say anything publicly anymore about very big sick things so 1st before i get to what Johns HopkinsUniversity Says about the situation globally regarding cohabit in particular the us and its failure to deal with it is that dr David Nabarro of the World Health Organization. Boy uncoated 1000 he was interviewed by andrew neil on spectator t. V. Now and you know Everybody Knows was you know at the b. B. C. We had some huge shows like did some really powerful interviews and he talked to this guy from the World Health Organization and basically dr David Nabarro tells andrew neil we really do appeal to all World Leaders stop using lockdown as your primary control method in his exact words or paraphrased ill say is that we at the World Health Organization do not advocate lockdowns as a primary means of control of this virus he the reason why he says that is because they predict a doubling of the poverty rate in the next 12 months and a doubling of childhood malnutrition so there are costs to our ramshackle lockdowns and our failure to stop this pandemic right there is the population as the negative Interest Rates were forecasting in summer of 2019 but see what youre describing there what thought that came to my mind is that we in the United States and other countries dont do nuance very well its always very good bad right or wrong stop go in its not very subtle and there are no shades theres no discretion theres no self autonomy and i think were going to Start Talking about masks here in a 2nd and the thing about it is that there is an element of commonsense to it that is being completely overlooked because its not something that can be dictated to in a purely binary black and white fashion and in the in that confusion the vagueness is this growing problem its just the fact that we no longer have adults in the room were not allowed to have a conversation with cash. Have to be so you can even discuss the un itself says they said this back in june that 6000. 00 infants a day are dying now because of malnutrition 2 to the absence of of basically the u. N. And other organizations being able to deliver food and prenatal care to their mothers and stuff like that but if you say that then you get the platform to write because well you you want people to die in america like theres no discussion able to have that we have to look at the whole Balance Sheet of the world and our domestic economies and say well you know whats the reality here would is the truth and how do we proceed from here so like everybody has been saying that donald trump is responsible for the 200000 dead but the fact is america doesnt have the manufacturing capacity so even make p. P. And that was from the beginning from day one we saw what was happening both on the federal level state level and local level why didnt we why were we unable to shut down well because we couldnt produce masks right we couldnt produce personal Protection Equipment thats why you still can see from those early days World Health Organization and other sort of bodies like the c. D. C. Saying masks arent necessary dont use mass because there was a shortage of them but they didnt want to openly say that i dont know whether its they just didnt want to you know bureaucrats dont like to be looked like theyre failures or that they didnt want to cause a panic i dont know but the fact is we didnt have any sort of honest discussion about the reality of our situation that we find ourselves and thanks to our absence of manufacturing thanks to our just in time Delivery System thanks to our food system that delivers mass obesity to the population which is also leaves the population so vulnerable and huge relatively high mortality rate in the u. S. For a while it comes to moral hazard you know when the pandemic 1st hit back in february the question i pose. To the global audience was will this be a crisis sufficient enough to overrun the ability of Central Banks to paper over the crisis because for the last 30 years every crisis weve had whether its a market crash or the 2000 subprime crash or a hurricane or ecological or depopulation or wars always been met with paper printing by the Central Banks and as long as the Interest Rates keep going down theres no penalty for issuing all that paper as weve seen now for 40 years Interest Rates of gone down so now here we are in the end of the year the question again is is the cove in a crisis big enough to not be able to be fixed by Central Bank Money printing and i think what were discovering is that it is quite the answer is yes because now were starting to see the bond market tick down were starting to see Interest Rates go up if that 40 year bull market in bonds ends because of cove it that means that the global g. D. P. Roughly 102110 trillion dollars will be cut in half in what people around the world are feeling as a result of this failure of paper money to fix the problem is they have a feeling kind of like theyve contracted a flesh eating amoeba right so they see that part of their leg is being destroyed by this flesh eating amoeba and the question always is do we cut it off do we do it take the leg off when we take the leg off well going to cure it i want you to lay a while now its up to your hip and youre saying oh no what now what way do i go i cut my both my legs off and its unfortunately the policy makers are arent in a complete trance theyre not acting their money printing isnt working and thats only thing that they know how to do and theres no cure so this is you know i think could be the end of the bond bull market which has been for more than 40 years in the making so lets look at what the new england journal of medicine says and they refer to some job. Hopkins center for systems science and engineering and their data look at the data across the world and the title of this report is dying in a leadership vacuum basically says that the us leaders have taken a crisis and turned it into a tragedy and of course you can look at it federal state and local i mean look at new york city look at what new york did you know super resistance super democrat super like the smartest guys in the room and yet they also failed they had one of the highest rates of mortality in the United States the magnitude of the failure is astonishing according to the Johns Hopkins center for system science and engineering the United States leads the world in 1000. 00 cases and deaths due to the disease far exceeding the numbers the much larger countries such as china the death rate in this country is more than double that of canada exceeds that of japan a country with a vulnerable and Elderly Population by a factor of almost 50 and even dwarfs the rates in lower middle Income Countries such as vietnam by a factor of almost 2000 covert 1000 is an overwhelming challenge and many factors contribute to this severity but the one we can control is how we behave and then the United States we have consistently behave poorly its systemic at this point its almost 50 years of an all female age and we were the kings of this age and it left us very lazy and left us ignorant we dont even know how things get produced anymore and that showed we we have an absence of expertise anymore you know everybody wants to be a celebrity politician and you know be as wealthy as nancy pelosi and be in power for decades where we dont have that sort of authority and expertise nobody wants to actually run i mean government thats so boring and tedious and just dull like low income compared to what you can do you know hanging out with lobbyist and stuff like that but you know when they point out the vietnam our mortality rate is 2000 times higher than they had of course you have to point out that vietnam is the number one. Country in the world with the least obesity so you know these are the sort of things we should be asking but cable news of course is a clown show so theyre not talking about well why does vietnam have the least amount of obesity in the world and why are we were not the highest that were certainly in the top 10 percent so like why you know how does that happen is that our food system is that in this industrial sludge we all eat like what is it so were not having that remember the phrase disaster capitalism and there are a lot of good crisis go to waste i mean that was the arrogant montra of these obese political leaders who felt this keep printing money and no matter what the disaster be falls on us we can always print more money and pocket it put it in our pockets and the velocity just goes to 0 we just trouser all that cash well now cove it is just flipped on its head and now the obese are going to lose and those who are not abuse like to be in the maze looked like they could be weak winners of course we also like pushed out billions of 1. 55 in the p. P. P. Loans but it went through banks so Something Like 200000000000. 00 never even got there because the banks couldnt even be bothered even though they got to keep like a huge percentage of it and then here we have the Health Insurance companies so they go on to say that we failed at almost every step in life in testing that they do more tests in zimbabwe kazakhstan and ethiopia than we do here because the profit right they dont theyre not going to do it for it because of the Public Health emergency they have to do it pretend to do it but they cant charge 10000. 00 like they normally would because they dont get out of bed for less than 10000. 00 a day and those countries dont have meaningful Central Banks that they can just print all day long and print the money away they actually have to be responsible and they have to live within their means and they have to obey basic rules of accounting speaking of accounting we have to account for the fact that a break post be taken right now. And then they come back after this dont go away see. The world is driven by shaped by phone person. Thinks. We dare to ask. Room welcome back to the kaiser report im max kaiser time not to go to steve king author of debugging economic seas now living in thailand while riding out the storm of incompetency of covert policy across europe welcome back steve cain good to be sort of you and i have really good well i want to get your perspective ferris the thailand that many people are talking about thailand they have mostly eradicated cove it what is your life like in thailand are restaurants open molls shops is life relatively normal what did thailand do differently to absa down from what you fled stave well make life is completely normal to max i mean its just being out sokal right around to be exactly i was going to have dinner julie were also supposed to talk to you instead did what having walked inside the restaurant and show temperature taken by and what are standing the aussie. Example tourists and everybody is wearing a mask as they walk into the restaurant they sit down and take them off when theyre eating i go to a gym nobody wears a mosque in sa the gymnasium you wear a mosque in public transport and that is very useful in case there is any Community Outbreak whatsoever they have been streets homes in the last 4 months when somebody has been in the country with coded 2 or quarantine groups as one was a mystery to us after 100 days 0 cases occurred because of those because those people will mosques when they went into the you know Shopping Centers everybody in the shop you know where in the mosque so when people who can tell you just didnt possible under all the people so the grand total the number of people in thailand its been good barebone its population is the same as the u. K. Of the 65000000 total number of people 3652 at least a 1000 of those. Of concert carmen st john who deaths 50 not many countries in the world have positioned this crisis as something of a 0 sum game you have to decide whether you want your economy to be working functionally or whether you want your citizens to be healthy is that true and that doesnt appear to be that case at all in thailand what one of these countries getting on steve well its that basically realising this is that ultra contagious disease that there are all the sorts of thing its just a flu its its about 10 times as deadly as the flu and about 10 times its contagious and so if youre if youre late one casts get into the community its not the little bit what they call the aus around up which they give a series of one person in fix 3 it tends to be one person gets into a crowded venue in a fixed 300 or so that one tries to get in it just explodes and what china and has done what taiwan has done about musial and almost destroyed mongolia they had them they went for eradication and that means a high total lockdown well only the people who got essential jobs are working at it by essential jobs on in april during surgery nurses and doctors. People making by sea food and doing food deliveries those are your essential industries you keep your monitor and says those people there you know every every day you make sure no outbreaks occur and within 2 weeks if you do it strictly enough within 2 each going to notify the only group that actually having a months various families and households 2 weeks most of those for the transmission of that everybody else can go back to work again a couple weeks off of that and its gone and that is pretty much what tom has done it wasnt quite that fosse but they broke the country down in their 860. 00 foggles. Districts nobody was allowed to travel between those districts without a good. And including a note from the gulf on up so it was only food delivery and all that went between provinces alternately it was stamped out and it no longer exists in the country and if rest of the hold on that case it would have been. Is could have been as brief as a one of the hot months to 2 month process and thats and then nothing to our ego in the future because of this child abuse how often looked down upon so the west has done its cross which is going on now for at least a year possibly 2 years kind of demonstrates a very different way of governing a nation. And style of governing a nation and i want to you know Stacy Herbert my son for came up with this kind of idea simultaneously interesting its almost as if you know after world war 2 you had one country standing and you had essentially japan and been wiped and what wiped out europe had been white and the u. S. Was the winner of world war 2 and it went on to have what we call the American Century and it was uniquely positioned for this the the american system of government in that the economy the people the character it all fit into place it seemed almost as if this coven 1000 crisis is a similar in that world war 2 and that now weve had this enormous Global Pandemic a global war of lobel crisis and as we head out from the crisis some countries were in a great position and they will lead the 21st century and some countries didnt approach it in a way that made any sense and theyre going to be left behind so that the u. S. Looks like its going to be left behind in a country like china looks like this will be the chinese century coming up in that the covert exposed or revealed a system of government that was uniquely positioned unqualified to deal with this global crisis. Your thoughts and. Im going. Way back in about february been following this courtesy of writing christmas and some morning about the virus ending up with a treat the end of december. And i said at the sign that it was lik