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tv   Keiser Report  RT  December 18, 2021 10:00pm-10:30pm EST

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holy destabilizing global economy. you need to protect yourself and get inform wildcard report with both oh, thousands rally in central london against a raft of new anti cove measures as daily infections m u k, reportedly reach in all time high. the british supreme court rules it was unlawful to drop an inquiry into the alleged torture of 14 suspected irie members by british soldiers. one of them told us what he had to endure with this conscience wait noise . that commandment took over your brain. we were denied chilly, we'll show were denied you should toilet that was cancelled for the shopping desk.
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and arizona, law enforcement struggles to deal with hundreds of migrants arriving every day. officials are rounding on the biden administration. a local sheriff describes some of the challenges. so we end up with the desk in the desert robberies and are happening along the border of pursuits. then lee ancillary criminal activity like the large amounts of drugs that are being smuggled into our country. like those are headlines this hour. i will be back in just under an hour's time with another look, say with us. this is our to international the saudi max kaiser. this is the kaiser report. we are in mexico city, heading south to el salvador, the savior for adopting between standard. probably mexico will do the same thing
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a couple years, but let's check in with stacy, stacy, macs. the last episode we talked about the inflation and inflation propaganda. inflation has stolen a news, i think this is going to be the big 2022, thim as our guest, john will be set at the end of the last episode and you continue on the beam and the 2nd half of this episode. but i also want to say that the population of america agrees with maxim facing, they also believe. in fact, 2 thirds of americans polled disapprove of how biden has handled inflation. that makes sense because he's throwing gasoline onto the fly. fire of inflation and people don't like that because they're already getting burned by inflation. why are you doing that, jo? jose and an arsonist is like, oh, there is an inflation burning down the economy. let me throw gasoline on to it. or
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is it actually, you know, chocolate sauce? i don't know. i'm joe biden. i'm crazy. well, are you saying that he's like putting on the fire fest of 2022? remember that ramshackle fire festival that happened a few years ago before the pandemic long before the pandemic? so, you know, your vague memories might come popping up about it, but the fire fesses kind of like, you know, the promise is that all this money printing will be great at all of the fab. it'll look all like all of these instagram stars. we're going to be rich, we're going to be living off or james, and then in fact, when you show up at the fire fast, well, you're poor. exactly a slice of bologna and to me all the pieces of bread setting on like a jam packed into a trailer with 30 other people. that's not fire fast. that is the sign of the call on to me in collapse. you know, the other thing about the economy in collapse is the story that we've been talking
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about here in kaiser report for quite a few years. is this the destruction of the price signals. and this is part of the underlying mis allocation of capital, which has caused all those precarious situation. and how big quaint fixes that. but what used to fix that was gold, and we had gold buds and we have bond vigilantes, the bond vigilantes were taken out back and taken out, you know, by the fed and quantitative easing. so there are no bond vigilantes anymore. then you have the gold bugs, but the gold bugs also got taken out back and destroyed. they are not allowed to send any price signals to any participants in the economy. and so i'll look at a story about gold that is remarkable in this age of a fire festival economy where everything is hollowed out for real.
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it's not that instagram slick, snazzy sort of lifestyle brand, but we're all great. remember that's the american dream. and the reality is the mouldy sandwich with a few piece of the handle between the same thing with goal. so gold used to be that the number one price signal, whenever the price of gold went up, it was telling us that was signaling to everybody in the economy that inflation was coming or deflation. the fed was out of control. the government spending was out of control. i was telling you a lot of important things well today and our economy in this new economy investing in lego more lucrative then gold studies suggests market for a 2nd hand. lego also rises at a better rate annually. and stocks, bonds, stamps, art and wine. this is according to a study by researches at the higher school of economics and russia,
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and they found that the market for 2nd hand, lego rises in value by 11 percent annually, which it says is a faster and better rate of return than gold stocks, bonds, stamps, and wine, right, 11 percent annually, it's almost matching the money supply growth, which is about 15 percent a year. so it's getting close to matching the inflation rate that's really being experienced by folks. and because it's free to trade, and there's a big robust market for these 2nd lego product i assume on e bay and other sites, it's finding a price that will satisfy the market. and the market is looking for ways to hedge against the rising inflation or the debasement of the currency gold for some reason, all we know the exact reason is, is, hasn't moved more than when negative 3 percent over 10 years. it hasn't moved at all because all the monetary premium is being sucked data gold. people rather trade
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lego than the gold gold is just simply not attracting any monetary premium whatsoever. plus there's no legitimate price discovery and gold, as you said, the gold vigilantes like the bond vigilantes or systemically methodically taken out of the picture by the central banks where they're derivatives and their money printing. but nobody is in the central bank, if they could figure out a way and they probably will. a lego toy futures contract, that if this lego gets big enough and the price, they'll get strong enough to tell people that the monetary situation is out of control. expect wall street to come out with a lego futures contract and for it to be naked short down in price so that they would kill the lego vigilantes as they were. but right now, because it's not quite a big enough market, there is no futures contract to kill the lego vigilantes who are out there buying leg. and showing that the monetary premium of everything in the system is collapsing in the face of this super cycle in inflation. well, i might add just for clarity on that sort of situation. leggers are mostly in the
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hands of children. and so i think the children would be able to prevent a sort of using the derivative market to short. the price signal sent from, from a leg goes just like bitcoin, everybody thought, oh, these futures products are merging and this is going to crash. the price of bitcoin, just like it crash, the price of gold and suppresses the price of but what of lego comes out with a toy that the lego version of a futures exchange for actually prescribe, be trading their own lego on their own. lego futures exchange to satisfy their own hedge against inflation because they not as the price of baby food is going up faster than mom and dad can afford. so it could be very meta, not sense. totally meta totally met averse. and again, i won't say that, you know, they've tried to do shenanigans with bitcoin, but between the underlying collateral is held by the individuals who hold the big plane private keys. and so with goals, you have the central banks own the vast majority of it. that's why they're able to
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do what max was saying there, that they could suppress the price signals the same with bond. how they destroy the bond vigilante is back in the eighty's we used to have and ninety's where you stop on vigilant series. and that was that they would force interest rates up if the government was spending recklessly. and that's because at that time it was considered something that was beyond the pale to do something like quantitative easing to monetize the debt. there was this notion that that never happened in the united states. well, it took to put this in the context to follow up on your point there. so up until months ago that buying of bonds to control them from going up and price was called by the central banks and policymakers deflation. and they would say, look, there's deflation, and we need to keep rates low and give 0 percent loans to our friends. we buy assets like apartment buildings and stocks and bonds and get fabulously wealthy at the expense of all the money. what a better attention account earning interest,
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right? they still $5000000.00 go from pension money to guys on wall street. and so that's what they call the place was when they were purposefully buying back bonds to the degree where the interest rates are not allowed to result it be impacted by the true market forces that would have told us about interest rates being a lot higher. a lot sooner and tall about 6 months ago when that ability to suppress of the inflation was got out of control and started to show up. and people said it was transitory and then though it's actually permanent or on a secular multi year basis. paul crew going to the new york times out of the show me a call, but he said i had no idea what's going on. i'm actually, i'm giving back my nobel prize because i'm a colossal idiot. he had actually said new york times, i have no idea what's going on. so that's where we are just so you see how unusual the whole situation is in which leg goes, are the only free market available to y sector of the economy. it's sending
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a price signal is matching near matching the inflation and the underlying money supply. not counting last year of course, because last year we'll all collectibles like baseball cards and lego things like that are all skyrocketing and price. you know, tom brady's football were a hit 600 completions, i guess was the football. it was worth a 1000000 instantly and i got it back for half a 1000000 and all these types of things that shows you the true nature of what's happening. that's the price signal, because there's no football futures contract available to manipulate the price and ways, but policymakers and paul coffman can claim it doesn't just yeah, and it's all like unique little individuals. there's one guy in the audience who captures the ball. there's that one ball so it's not like the fed can control the price of it and like prevent it from sending a price signal. but he, you can see in the next chart how much they've controlled the price signal that used to be the ultimate price signal. and that's the price of money the interest
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rate. after adjusting for inflation, the 10 year treasury yield has moved down to negative 5.4 percent is lowest level in history limit. well then did actually point out in a response to this, that is not the lowest in history. it's the lowest since $941.00. when we were in the midst of a global war, you might have heard about right there of failure to allow bond markets to reflect true. market forces as resulted in a bifurcation in the economy, where the most corrupt car rewarded for committing crimes. j. p. morgan being a prime example. and if you have morals or ethics you're penalized. if you're not out there still failing and loading, then you're going to be homeless. and that's america today. it is sad because plunder became a way of life longer became aware of what plunder is seen. like when it's not just
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like, you know, that when they're interrupting those price signals, that's plunder. yes, that's a way to plunder your savings, your wealth, your time, your work that's it's plunder to, to suppress and to manipulate that price signal of the 10 year treasury yield of gold prices of the prices all around you. i think it's a, it's a way to steal the most valuable thing you have. and that is your time gland, of the crux home of the thieves. america. quickly in the last many here, i guess we'll try to get to this. the 1st big coin future ctf raised over $1000000000.00 in the 1st 2 days the fastest. and ever hit that markets down. 19 percent is launching versus a 9 percent decline for bitcoin. why the differential contain go where bitcoin features price is greater than spot causing a negative role? yield. ok, well they launched a product that we had jack mahler, parents on to discuss this, and i explained to mr. mahler's, that this was
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a horrible product, that it would all straighter the discount to big coin that it was not suitable for retail. it's not suitable for anybody. and it shows the wickedness and the corruption of the fcc. he pushed back on this of course, because he is the future strider in chicago and he what, but i was right, mr. wallers, i was right. you were wrong. well, the thing is it's, it's being marketed that retail is really something just for professionals who are genuinely hedging something. this is, people think they're getting exposure to bit quite price, but they're not. and the fcc gary gansler refuses to approve an a spot e t f, which would have done that. corruption is the short answer. and we're going to take a little bit when we come back, much more coming your way the the the, the,
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the the, me, welcome back to the guys report i, my guys are time now to return to our conversation with john or being a dollar class dot com john, welcome back in the back next. now in the 1st part of our conversation, we outlined really what's happening and that way through some of the nomenclature and words being used by the popular finance press to opt to skate, what's really going on? they use words like the flash on a really mean inflation, and they use words like debt when they really made money print thing. we're in an m m t environment. they're going to print themselves to death and draw into a war. that's pretty evident at this point, but the question that we left on is how do you play it? how do you invest in it? so if we're going to construct what's called a benedict arnold portfolio, or a portfolio of stocks and bonds and investments that will do well in the face of
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america's policy makers selling out america and ignoring the constitution and violating every law under the sun. how do we make money doing it? the obvious choice would be gold, but gold? israeli looking horrible. what's wrong with golf? or am i missing something? john? rafino? max you, you're missing something gold is doing exactly what it's supposed to do. it's supposed to protect purchasing power in the face of a depreciate in currency, and it's doing that. you know, gold was $200.00 and some dollars at the beginning of the century. it's $1700.00 and some dollars right now, which means as the dollar has gone down in value, gold is going up in dollar terms doing. it's doing exactly what it shit. and the way the precious metal cycles usually work because you gets modest increases while people are trying to decide what kind of world they're living in. and when they finally figure out that the cycle is inflationary, and they extrapolate, you know,
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4 or 5 or 6 percent inflation and to be enough in the future. then golden silver have terrible, explains. and so we're still waiting for that to happen and precious metals and you know, it'll happen so. so precious metals are the thing to be in, but there are lots of other, it's to be now to, you know, be the universe of real assets that governments can't make more of and therefore can't inflate away. it's a pretty big category and you know, farm land is there rental houses or they're criptos now, or they're really for the 1st time in a meaningful way. so, you know, you can construct a portfolio now in the crypto space that have, that has been coin, you know, at the, at the base. and then lots of companies that are springing up with various kinds of block chain related products. that might be your current stock, so you could do a portfolio from beginning to end. that would probably do well in what's coming in . you know, i personally, i'm more precious metals and mining stocks. but you know,
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i'm kind of at this point looking to diversify a little bit further, but anybody who's just getting into this now has a lot of options. so that the real point being but yes, the world sucks right now and you know, we're heading for chaos in so many different levels and so many different places. but each of those terrible things are pointing to are also an opportunity. you know, the flip side of a crisis is an opportunity and if you, if you identify the opportunity you by definition have a chance to survive the crisis and maybe even profit dramatic for trauma. so miss, you know, it's not going to be a happy time for most people, but it's potentially a really profitable time for the people get this right. you know, watch the money in the movie, the big short. and you get a sense of what that's like. so people identified a gigantic, how's it bob? housing bubble. when nobody else saw it, they play some bats, they were too early,
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they lost money. but in the end, what they thought was going to happen happened and they made life changing fortunes that's out there for people who get what's coming this time around. so not only is this a chance to make a lot of money by getting this right, but it's also a chance to psychologically get through that. because if you focus on the good things that can happen to your investment portfolio, you're not as obsessed with all the horrible things that are happening in the world . and then that's i think, a way to, to survive this in good shape mentally as well as financial. but there's something wrong with golf now give it to data points. number one, the real race which is extremely negative at the moment is even more negative in real terms. and it was during the 19 seventy's when gold made that spectacular move, that it did up to the $800.00 levels up from under, under a 100. and the other data point would be that lego, the plastic toys that people, as kids play with that out performing gold as a collectible. you know, kids,
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plastic toys, something is wrong with goal john. i mean, i get your point that it's holding its own against, you know, purchasing power and all that, but something's very wrong with golden in what was wrong with the whole max. there's absolutely nothing wrong. you know, bubble, economy, all kinds of things out, perform safe haven assets. you know, the f t's right now. there's a, an art gallery that just sold several $1000000.00 worth of an f t on art that hasn't been created yet. my but that's all with an outright fraud and f t or outright fraud janet. all right, fraud. which i mean i would say that the pricing of gold isn't that right? fraud and certain same thing with n, f, g 's. you know, as far as the big short goes, which was a great movie, and there were bankers on wall street that made a lot of money profiting from the collapse of the housing market. it's not like
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everybody didn't see it, or a lot of people did see it, but a lot of people chose not to participate because it's a moral. right. so are we saying that if you have any morality of ethics, you're going to not survive at all in this, in this economy? no, i'm saying the most ethical thing you can do is protect your family by betting against unethical system. so that, i mean, i don't want to go on a tangent here and, but isn't that kind of can making the problem worse if everyone thinks by way you've got a society like boss, the talked about it and when fraud and, and loading become the norm, everyone's engage in fraud and looting when you see it at the top, it's in the entire society when, when i got it. and i see people rating the wal mart and, and target jobs and going over to a beta salva stolen goods and making money on their thievery and has become wholesale and industrial and scale all over a country because they're mimicking jamie diamond, they're mimic and goldman sachs are mimicking the n f t fraud, or is that
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a good thing? oh, and that's the thing you should be betting against. i mean, gold and silver, and possibly this time around, bitcoin are honest forms of money. so to the extent that you move your find, this is over to those platforms. you, you are acting honestly in opposition to the dishonesty that now rules be economy. so i absolutely don't think shorting this market is in any way kind of an unethical thing. but it, you know, if we have time there, there is something that we could explore on this on, on this note. because when you bet against something, you do have kind of a, an ambivalence about that, right? because you're better a on, on bad things happening to somebody. so the, the way you rationalize that to be a short seller is if you cause a bad thing to happen and you profit from it, then you're unethical. but if something is going to happen, no matter what you can't stop it, there's nothing you can do about it,
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but you didn't cause it. you're in a way, morally obligated to bet against it, to protect yourself in your family. and that's what's happening now. we can't stop the crash that's coming and we didn't cause the crash. it's inevitably coming. but what we can do is bet against it and profit from that. well, why not push back a little bit on that? because one thing that everyone can do to erase these arbitrage opportunities where the top 110th of one percent seem to get richer by the minute is to insist on higher interest rates, right? because the cost of borrowing money to commit fraud and injustice is very, very low, almost 0 as we are saying. and part one of our discussion, you know, everybody progresses, right? wingers, whatever your political affiliation could come out and say we need to raise the cost of financial terrorism by raising interest rates to a normalized level of around 4 and a half to 5 percent. so that's everyone can lobby for that so that we don't have looting becoming the de facto business model of america. john, you know,
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they're not going to give us that. i mean, we can, we can ask for that's, but we can't get it. but what we can do is buy bunch of silver coins or buy some bitcoin or, you know, look at some defy companies that are pro, i think from the rise of criptos and by us, you know, those are things we can do rather than things we can just la before, so i would say let's do what's possible. and while you know this not mutually exclusive, you can still ask for higher interest rates. but as you said earlier in a modern monetary theory, world interest rates are kind of irrelevant because dec doesn't actually exists. you know, the fed could buy a bunch of 6 percent bonds off the treasury and then rebate, the 6 percent interest to the treasury. and so we would have 6 percent interest rates, but we would still have effectively 0 interest rates for the governments that don't never give us high interest rates because that blows up the financial system. so interest rates will stay low until the market sources interest rates out,
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which is not something we can control. so let's take a step back for a 2nd and you know, you and i have been in the game for a long time. ah, we can think back to the seventy's and eighty's when the ada, that different cycle was in play. but the millennials and the jan's they, they do not have that reference whatsoever. they've never seen a down bond market ever. they haven't had any difference then. this 40 year bull market in bonds, for example. what would you tell those millennials and jen z? how to prepare themselves? because not only is it gonna, it's one thing to say, well, academically we can say x, y, and z. therefore, we need to do this, but emotionally, it's going to be tough for them. i would think. what do you, what do you say, john? i would say you can't tell a 25 year old anything they had. they have to learn the lessons themselves. when a 6 year old says, be careful to a 25 year old, i may just say ok, boomer, and then they go on to do whatever they want to and you're right. they have never experienced a real bear market. all they know is the tech stocks go up forever and houses go up
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forever and you know, bitcoin was $0.45 and now it's $60000.00. that's those. that's what they know. and the only way they can know anything else is to experience the other side of cycle. and that's something we all have to go through. right. mean, i think every one of us was an idiot. 25 year old at some point. and yeah, it's going to be brutally painful for these guys in a way, but it hasn't been for previous generations because they have robin hood right now . a lot of these kids are out there. trade a including one of my kids and the training aggressively in things they don't understand and they're going to get burned big time at some point. well, you know, but that's the cycle of life. you make your mistakes in your twenties, you kind of think about your mistakes in your thirties and then you, you become here, going to become in your forest. so these guys have to go through god, there's nothing we can do to help them other than make as much money as mich here. so we can support the millennials who are close to us,
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going forward to help them get through what's coming. well, it seems like the politicians think that they can buy these votes by promising incident spigot a free money. but i think what i'm hearing from you is that the cycles coming to a close, even as soon as the 20 to 2022 elections. but they won't have that option any more of the reality will offset and we've got about 20 seconds. i think some decisions have to be made in 2022 that are going to be very important going forward. some of them could cause a crisis right away. some of them could set the stage for crisis in the future. either way. been here coming up. all right, the legend john robina dollar collapse dot com been writing for years about this stuff. been right on the money and out. that's a we gotta get some timely information. thanks for being on kaiser report. thanks. all right, that's going to do it for this edition of kaiser report with may max kaiser and stacy herbert bar thing. i guess john robina until next time by y'all ah,
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join me every thursday on the alex simon. sure. and i'll be speaking to guess in the world politics sport. business. i'm show business. i'll see you then. mm. ah ah. mm hm. mm. mm hm. mm. welcome to wells apart. millennia poets and philosophers have puzzled over
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the nature of law and why do people to come to it? but the opposite question of why do people hate and kill, maybe even harder to answer from the biblical fratricidal murder to the john sides of the 20th century. how well do we understand this urge to face the other? well, to discuss it now joined by alex hinton distinguish professor of anthropology at rutgers university and the unesco chair on genocide prevention professor can it's great to talk to you. thank you very much for finding the time. yeah, thanks so much for inviting me on. you know, i used to be a warrant correspondence in every conflict. they cover the charges of genocide for the 1st to spring up, partially because it's how fear operates, especially if you're best. but also because it's a highly colton political charge, it can impact the outcome of a comp, like a somebody who's dedicated his career to study genocide. can you always tell the
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difference between the real imminent danger out targeted mass killings and the conscious app or she use that here to exploit that you're just back to political outcome. yeah. you know that's, that's a great question. and a complicated question and i think maybe several questions so, so maybe we'll sort of start with the 1st and work towards the last just so in terms of definition, right? genocide refers to the intent to destroy a group in whole or in part. and after a political negotiation in bargaining at the u. n, they came up with 4 protected groups, racial, national, apnic, and religious and minis. people who study genocide like myself, believe the political groups, any group.

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