tv Keiser Report RT December 7, 2021 7:30am-8:00am EST
avenues into orbit to the elite now who's to say in 60 years time space tourism like this won't be available to the every man here in the museum and the by can or cause mitchell that pride in space channel is most apparent here you'll find shrines to form a space conquest and their heroes, including sputnik eureka garden and all those who written their names into the annals of russian space, travel history. and just like those forefathers of space exploration on it here maze hour has also found himself a space on one of the coveted walls and even sang himself in next to a huge rocket. but as for his own chapter of space travel, well that's still to be written now. guardians, famous catchphrase, pe. yeah. holly meaning let's go in russia. we'll still be ringing to you on december the 8th. when may's our makes his way on the so use m. s. 20 flight and whatever their parting words are, the japanese billionaire may be one thing is for sure that he and ross cost boss will write a new chat history that could open the doors to
a new era of space tourism danny armstrong. r t by conner ah the r t dot com has a really fascinating stores in coverage of ross cosmos. as does the archie youtube channel. i saw joining us here for the tuesday program. it returns at the top of the out ah hi max kaiser. this is the cash report. last a talk about, stacy max. one thing you can learn from history is that the elite, when everything starts to go wrong, but they always do. is blame the people. right?
says 2016 we've seen. of course, the people be deemed deplorable. they are deplorable people who deserve all the stuff coming to them because of the co locked downs. for example. well, as kaiser report has been warning, inflation as roaring is no longer transitory. it's almost permanent. right? well, us treasury secretary, yellen, consumer spending in the united states has been concentrated on goods, which has exacerbated supply chain issues significantly. so it's the consumers, the citizens, the residents of this country who are to blame for the inflation because they keep on buying things with all of their biden bucks and all of their asset price gains. because remember, house prices are up 20 percent year on year 2 years in a row. everybody's failing rich, and they're spending. right, well,
we've been talking about this inflation story now for several years because it's a disaster waiting to happen. as early as i was recently, 67 months ago, the official policy from john allen and others was that the economy was suffering from deflation. and we said that was actually a very so fast way to look at it. that was a manipulation of words. the problem was insidious and incipient and growing inflationary pressures, as evidenced by the blows in an asset price. as we said, this was all basically lying on behalf of the federal government. then we entered into the transitory inflation phase that we're, we're exiting now, but this was very predictably coming after the lies about inflation, didn't work anymore. and the real inflation hit. now, or at another juncture, where they're saying that it's really now entering
a secular inflationary period. a semi permanent and inflationary period, exactly. as we predicted for a very simple reason. when you print 40 or 50 percent of the nation's, my supply within the preceding 12 months, you get inflation. and i mean it's like 2 plus 2 equals 4. john, y'all and blaming consumers for buying stuff is the kind of a height of hypocrisy. and it's the height of cognitive dissonance and is the height of the american empire to be quite frank. i mean, this is the n a folks. john ellen is a buffoon. joe biden is mentally incompetent. and j. powell is a crock. well, i think the peak was actually back in 2008 when we 1st started cars report, 20082009. and we've been covering the slow decline. and now is the southern part. and you see everybody up to that life ray dalio,
multi billionaire who's also talking about the rapid decline of the us and how you know, you need to protect yourself from the dollar declining. and in terms of this situation that the treasury secretary, john allen describes on the ground like our observations just here in north carolina, is that everybody, it is like the roaring twenties people are out there, spending every single hour of the day as rush hour. people are house or spending consuming and it's it, it's wild because also like there are no work. so it's total entropy. decay chaos, like everywhere you go and he's an, a supermarket, any restaurant, any, the post office like there are no workers there. and there is lines out the door for every single thing you do. the dry cleaning in our area used to be 24 hour turnaround for years. now it's $67.00 days. so because they don't have any workers . so there is a kind of chaos and entropy and just disintegration happening very rapidly. well,
this is the faustine bargain that really began with reagan. you know, the famous reagan satcher era of financial liberalization. this is when america decided to send all of its high paying jobs in factories to china. and the message from reagan and his is a subsequent presidential people is that you know, you in america, you can just sit home and consume either need to work because we have chinese, the cost of labor is so cheap. everything all arrive at wal mart and, and even with your minimum wage job, you're going to be able to have a flat screen tv. you can go up brand new winnebago cheap, high fructose corn syrup in your 20 gallon jugs of poison, you know, don't, don't worry about it and all. okay, now it's 2021 and the we see the consequences of this. it's the end of an empire. well, we should all hope it's the end of the empire, of the super imperialism,
as our guest in the 2nd half dr. mike hudson is going to talk about. and of course, that's all based on the empire debt and the petro dollar. so there is something that it does remind me of because we talk about the can tell that a fact that those closest to the money printers benefit from the 0 percent interest rate. so that's wall street, that's washington d. c. that's san francisco. that's anywhere big corporations, triple a rated corporations, and then it trickles down by a time, it gets that deplorable masses. it's like that 15 to 20 percent interest rates. but you have that on a global scale too. so the interesting thing in the observation i'm making of what i've seen, where everybody has bite and box and stock prices and house prices are way all time highs in some cities like it's twice as high. the property prices, as it was in the last peak of the last bubble just from 10 years ago. so it's kind of like this. you know, we have a saudi system whereby saudi arabia has 7000 princes and all the royal families.
and the oil produced support those families, but not much else happening in the economy. whereas we have the same sort of situation here where we have like 300000000, well say 250000000 saudi princes, american princes and princesses. and you know 50000000 deplorable sis white males who are maga and should be, you know, unloading the goods for us. go do it, go to your job and deliver goods for us. yeah, we have a kind of a system where the ability to print money means that folks have given up trying to be productive or work for a living. and they just stay to beg the government for more money. this has been tried a few times before and communist china and communist soviet union and other communist strongholds. and the standard works. so i don't see, you know,
as just people who have at least some modicum of intelligence trying to mimic fail system of socialism in the past by recreating it here in america. it doesn't seem random empire. well, yeah, it's that printing system that i'm just saying, like, when the elite don't even work, they don't do anything. they're out all day consuming and hanging out, having coffee, and cocktails. you know, the point is like, if you call the people deplorable, if you throw brioche at them, if you, if you in fault all day long, you're major creditor and the country like trying that provides all of these goods that janet allan says we're trying to consume is like at a certain point like they, they reflect back to you and show you the mirror. like, no, you're the one that's the bomb you sure. the one that's not paying for your goods. and i talked about paying for your goods. here is a tweet from the president of our salvador himself and he's basically quoting kaiser report and espanol i'll try to say it in espanol because he tweets in
espanol el salvador, put that i selda absalom monday, toda suda extern, a cone los banos bitcoin. he's quoting that you had said other recent interview on kaiser report that i'll salvador is going to pay off all these debts to this bad debtor nation of the united states with these big coin buttons. yeah, they've got external debt, approximately 20000000000. let's call it, which is now approaching approximately. it's called 90 percent of g. d p. went, took a big jump in the last couple years. volcano, bonds bitcoin back volcano bonds are passed toward paying down all virtually all that debt. so i'm kind of making it my mission. when i get back in to el salvador in the next couple of months will be there. the goal will be to figure to work on this plan of eliminating el salvadoran that within 10 years because he's
a big coin or m bitcoin and honest money. and we pay our debts and we this is honest money on like the dishonest money of the other system where debts are never paid and they're just rolled over for decades and decades. and i'll show you that in the next tweet, my headline. because obviously our salvador is on a dollar standard and now a bitcoin standard. so their debts are dollar, they can't print it. but look what happens in europe. paper, what? e c b balance sheet keeps rising despite ramp and inflation. total assets have risen by another 14700000000 euros in the past week to hit fresh all time highs at 8.457 trillion, e c. b balance sheet now equals 81.2 percent of your own gdp versus the feds 37.4 percent. bank of england, 42 percent. and the bank of japan's 134.6 percent. that the bomb
lifestyle i'm telling you about, they're never going to pay their debts. they have no pretensions of paying their debt. and they're forcing basically the deplorable 99 percent at the bottom to pay their debt through the inflation. right. and they have one huge point of failure, and that is energy cost because all that money print thing is driving up the energy costs and it's going to force russia into the you. and for that to happen, nato in america military has got to exit germany. when i call it here 1st you say i'm crazy, but that's what i'm calling. well, so the energy costs, food, cost, lumber, cost, commodity cost, living cost, housing costs, health cog, all of those costs are going up. and like i said at the top of the show, the elite will blame the bottom. they've already started to blame everybody else
for every single cost going up. in the case of oil, it's russia is saudi arabia as their fault, even though just 2 years ago, we were bragging that were the number one oil producer in the world. and so suddenly, what like everybody else is to blame, but us like, where's our oil? like, they're always going to blame everybody else. and that's, that's just the end of super imperialism. well, energy is life. everything risk rest on top of a foundation of energy. and that's the primary commodity of life. and that will fundamentally change. i mean, look at the agricultural industry, it's all based on petrochemical fertilizers, that's all based on energy. so you can have food that metric chemicals of that energy can't have anything related to it. so it's, it's, that's what's gonna happen and write an interesting, cyclical years of change in all the players are gonna realign a new alliances. and the big winner will be of cars bitcoin. and within the winters of the winners will be, i'll, salvador,
is going to emerge as of leading the entire world because they have the energy of the young population and they have the energy, the eternal, nonstop energy of the volcano, bonds emacs kaiser, heading that way. i'm excited, i'm going to definitely become a semi professional surfer. maybe not. and you're going to take a break when we come back much more coming your way. ah. and i dream, shaped by those with tears. things we dare to ask
a the me welcome back to the guys report. imax guys are time now to turn to dr. michael hudson, he said with an updated and expanded 3rd edition of his classic super imperialism, the economic strategy of the american empire. welcome back, dr. hudson back next michael yearbook, super imperialism has become a big hit in the big coin community where you are aware of that. and why is that the community you're talking about looked at or just how to do it book. they really didn't expect when america was told they thought this is how we control the world since 940. but our gold means that we can tell other countries what to do. we can
be the creditor and buying their property once the vietnam war and for military spending pushed us into deficit the beginning and maintain that they won the goes, the cover of the dollar was ended and then washington they were all worried. how are we going to express our diplomacy when we don't have any dollars to do it? and much to their surprise, when you're going off the goal confronted the foreign central banks or the problem . what were they going to do with all these dollars that the u. s. was throwing off by running a trade deficit by spending abroad by buying out or in companies they found they really couldn't do anything but recycle all these dollars to the united states by buying treasury bonds. because if they didn't recycle these dollars, there, it would go up and their exports a big price out of the market. so my goal explain how are going off actually
created a new form of international exploitation. and the urban con, a meeting of drug burnam says, my god, you've shown this is the biggest industry. this is great. will you come and join me? i'll be told me the ca and the state department, we're the biggest buyers, super imperialism. and i got an $85000.00 grant for me to explain to the treasury department how the united states is getting a free ride, explaining the rest of the world and making other countries stay for the military spending that was surrounding the rest of the world. military bases and taking off . you are not for a gold standard, however, not for a gold standard, but the goal is the only thing that the country able to agree on for the last 2000 years except for silver. if you have countries,
you know, what are you going to buy? well, countries, how are you going to keep your savings? well, countries don't want to save in the form of lending money to the us treasury and getting treasury bonds. the united states that, that doesn't like the whole, there's no way out there holdings or fries more. and in any case, there is no way that the dollars of us are going to be repaid. gold is something that everybody's already used to dealing with. and so i do expect that china, russia, the shanghai cooperation organization and other countries are going to realize that if you're not going to hold dollars, if you're going to be dollar arise, then gold is the path of least resistance because it's familiar. so the folks who are behind super imperialism, the u. s. dollar lead global hegemony. they don't like for people or for countries to have excess saving the opec countries they,
they would send their earnings by buying u. s. u s. bonds, or when japan had it savings before the plaza or spend all the money? oh, real estate. when like rockefeller center, they lost the $1000000000.00 or across the stove or so. so the question that they don't want other countries, they have savings that are not under the us control. they don't on other countries to be independent. and part of that dollar had gemini and keeping the us dollar as world reserve currency and control over various global economies. as the ability to inflate that dollar supply, correct, you can just printed a what's trying to like, there's no limit how many dollars. and the important thing is that you can print out, isn't it for free? if you buy gold, you actually have to produce something. they get the revenue to spend on the goal because the united states can simply print the dollars either and paper or
electronically, essentially by foreign resources or by imports or spend on monetary operations. so a moment ago, when i mentioned that, that big claim community has embraced your book super imperialism. year comment was that they see it as a how to book. what did you mean by that? that meant that they could see the problems of buying dollarization, the problems of buying, keeping your savings and your dollars other countries to look for an alternative. and the community hopes that one alternative will be what equity and save point b dollars ation is going to create a market for non dollar assets, either gold or going or whatever. i don't see other countries buying going because of the huge volume of savings or in central banks. so el
salvador is made big, clean, legal, tender. and they are also committed to adding it to their strategic reserves. and they're also going to be mining big and converting virtually free geothermal energy or volcanic energy. but we are seeing in the region, dr. hudson, contagion a few well other countries on the central america. and this is typically the backyard of american imperialism for sure. they are looking to mimic el salvador and adopt a big point standard, make the coin legal. they have of course, as you point out, a huge reserve of assets. but the thing about the big coin price, like any free market, it can simply make that adjustment and the price will go higher. there's no limit to how many of the $100.00 trillion dollars, let's say, in the global bond market, could be absorbed by bitcoin, right? yep, that's the question. have you had a change of heart?
because the last time we spoke about big coin, you seem to be ambivalent about it if slightly negative. is there been a change in your thinking? no, i'm anything even more negative than before. the reason the central american countries and thinking is going to save that money, not in dollars. what can they do in a way that does not offend the united states because we're talking about a client about like our basic way, our remaining and power only under u. s. support. so they can't really buy gold because that would be viewed as doing what china and russia and other countries that are not friendly to the united states you're doing. so united states is quite happy to see them and invest in time for one thing. it is, this builds up the price and going, it enables, was pretty speculators to make the large amount of money. and at some point, if these countries ever spend, it'll push it way down and they'll end up losing their money. and united states is
not adverse to other countries losing their savings in reducing their ability to be well on like any other asset and history. with coined it is in fact without any equivocation on confiscated. will the united states, if they sent in the marine corps and they sent in the pentagon, could not take el salvador is bitcoin away from them. and they don't need to sell big coin ever. they can simply loan it out and use it as a reserve to finance. for example, bitcoin city, which is a project that they have in mind. they are building hospitals using this as a strategic reserve. the i, a map is against them about us institutions using debt as a weapon. i don't see thing you talk about and super imperialism about us institutions using debt as a weapon. i don't see how this is going to be the same, favourable by the super imperialist. over at the i a math or the central bank
around the world, there's a huge disconnect for me. can you explain more? what am i missing? well, at least leaf unfavorable. what else? there are countries going to do a part cru, buying go or buying securities, what on earth and they're not able to buy us businesses because you know what they're going to layla on venezuela drive that they, there's really not much choice for them to do and buying but point is not a threat to us. money is something independent. it's a different game. those use a lot of energy, as you pointed out, that's a huge. it does not be. it's not environmental lake conservation list. i think the u. s. things well, there could be worse things when, but right,
just to be clear, the geothermal energy that all sound will be using to mind big coin, which is a fact stranded energy or energy that's not being used. it's, it's ecologically in that it has no ecological footprint. whatsoever, as a matter of fact, it pulls away from those industries that cause ecological problems. also in el salvador, the economy is set to grow and their carbon imprint footprint is said to decline again, that goes against those people that have been supporting the white elephant projects on climate change. we're finding out, for example, in great britain that the wind energy projects that they've built over the last 20 years are becoming years less because something like less than 10 percent utilization last year because we have a collapse of actually the wind flows around the world due to the ex, credible pollution that generates by 8000000000 people around the world. so again, help me understand, you know,
here's hillary clinton. she says that big coin threatens the role of the dollar as reserve currency, the bite administration warning, big coin made sanctions difficult to apply to nations like i ran. ok, you can do transactions with iran and the u. s. can stop it. you can save your wealth and big point and the u. s. can't stop it. i really don't understand your point in terms of this is something that the us would encourage that if the funds, the dollar, it's de monetizing gold, gold is being sold and being channelled into bitcoin. it's the monetizing goal as the monetizing the dollar. how can that be good for the us dollar had gemini, dr. michael hudson. one thing the united states spears more than anything else is losing, as other countries going on, the goal of losing the power with the u. s. gold stocks still has. and joining basically going on gold would make part of the
china russia around the the socialist embry alternative and anything that is not gold is less of a structural stress. the united states is there any worse years are for interrupting. but that's categorically false. anything that's not galled in this case with big coin by de monetize and gall is not only is it a threat, but it's an extinction event. this will put an extension of an annuity dollar gemini, because it's on a 100 percent pure monetary signal. whereas gold at at most might be 80 or 90 percent monetary signal. this is a 100 percent, monica, this is, this is, this is kryptonite to america superman. this is our vulnerability, dr. michael hudson. i mean, i think we're getting very close to we got to take a we gotta carry this over to park to that's what we're going to do. but for now, thanks for being a kaiser report. it to be here. all right,
not going to do it for that as part of the kaiser par with re max kaiser and stacy herbert special guest. doctor michael hudson is i was the 3rd edition of the classic super imperialism. to hear ted til next time by all ah ah ah ah, just oh, when i was so wrong when oh please just don't. i mean you have to ship out. you see, because the african and engagement equals the trail. when so many find themselves will support. we choose to look for common ground.
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help headlines right now to international crisis talks between joe biden and vladimir putin. our church ward for later in the day, ultimately triggered by tensions over ukraine. and here at our tea, we talked exclusively to the russian presidential, supposed just to be connected to it in which the rhetoric coming from the u. s. and e. u leaders sounds pretty aggressive. we see plenty of fake news about to russia allegedly planning an aggressive invasion. the pope condemns the so called inclusive language of the e u saying it threatens the blocks very existence while comparing it to the nazi regime. also in the program a whistleblower and the british foreign office, so the u. k. fail to help thousands of people desperate to flee.