tv Keiser Report RT December 21, 2021 3:30am-4:01am EST
ah oh hi, i'm max kaiser. this is the kaiser report. we've got a jam packed report for you today. let's get started, stacy max, this is the last of our, what year has this i was you say 1791. that's s. i feel we've been doing this a long time. well, no, we've been doing it since the 17 ninety's apparently, and this is actually the last of 2021. and then we're going to break for a few specials where we've pre recorded with some guess. there's some nation of what happened this year and their predictions for 2022. but 1st of all, i want to say like, in the past week while we've been traveling here through mexico city, the news has been remarkable out there about inflation. that is the biggest story of all, and there is this guy named kevin wash. he is a former fed governor during the 20082009 financial crisis. he was on the board of
governors. and here's his opinion piece that he wrote in the wall street journal macs. the fed is the main inflation culprit, the central bank as unable to price increases that may soon pose a risk to financial stability. inflation, he wrote, is a choice as a choice for which the fed is chiefly responsible. the risk of an inflationary spiral arises when policy makers 1st dismissed the problem and then cast blame elsewhere. inflation becomes embedded in the price formation process. when the central bank acts belatedly or with insufficient conviction to date, the fed has acted as an enabler, right? acting, belatedly, or with insufficient films. right. let's talk about this for a moment because it's echoing what we have been saying now for several years. as
a matter of fact, i would say is the predominant theme of the show and other shows we've been talking about for almost 20 years. and that is that the central bank as a way it's designed, is to be a regulator in the sense that when the party gets to rock us, they are supposed to take the punch bowl away raise rates. and let the business cycle kick in and free markets benefit. however, since alan greenspan became fed chairman under the reagan years in 1980 s, it's been a very different mandate that the fed, admittedly, by greenspan does not. they're trying to manage anything. they're only there to clean up the mess after things crash from too much money printing and the way they clean up the masses by printing more money. and we've been saying this for years now form our fed governor's saying explicitly in the pages of the wall street journal, that the inflation has caused by the central bank because they print too much money . and that's, that is, that's not what you'd hear from las warren lewis. warren believes that the
companies are engaging in price gouging and manipulation, and that's causing the inflation. that's patently false. it's all comes back to the money itself. and if you are printing trillions and trillions of it, you are debasing that currency to the point where you have inflation. ok. now unfortunately, this revelation is coming at a point in the cycle. when it's too late, you cannot do anything about it. it's now a self fulfilling extinction event for the u. s. economy, sorry, america, but it's over because the ability to do what paul walker did raise rates is no longer on the table because the duration risk, the fundamental underpinning of the u. s. economy, the bond market is so far out in the elk or that any little bit move up. we'll crash it anyway. so it's either crash or one way or crash and another way, but you're not going to avoid the crash. right? you mentioned liz warren, she, of course,
was voting to raise the debt ceiling by 2 and a half trillion dollars. right, when she was blaming corporate ceo's, she was blaming meat packers for all the price increases. joe biden and his administration have been blaming russia. saudi arabia, other, all these other nations, but our own money printer, again, he was behind getting the 2.5 trillion dollar debt selling rates. and again, just to remind everybody $2.00 trillion dollar debt ceiling increase, that is adding just out of thin air. another british economy to the entire global g d p, the u. k. economy is $2.00 trillion dollars. so they're adding 2.5 trillion to the global g d p. right, let's be clear over there. in turkey, the lira is crashing against the dollar because of the dollar being i barrier
printed. and on top of that, it's not like the hyper printing is distributed and even away. it's distributed in a way where the oligarchs and monarchs and neil feudal masters in america get 99 percent of it. first. everyone else gets the bits and bobs at the tail end and the crash or their economy. so this is a financial part time the u. s is crashing the turkish economy because us dollars world reserve currency, and they have a guy running the country who is financially illiterate and is making absolutely the wrong decisions. but the u. s. knows that and they don't care because they're all reaping the benefit from. we saw that increased increased collapse, the biggest beneficiary was goldman sachs, are taken out credit. the fall swaps against the country that there were supposedly advising. they made billions of dollars crash and grease. they made billions of dollars crash in the back of england. it never lose if you get to print money at infinite amount and then direct it in places where you have a guaranteed return. so we've covered the story of the $2.00 trillion dollar debt selling being increase,
the inflation number's running the cloud car economy. we've seen liz, warren, blame everybody, but the money printers. we have seen nancy pelosi in the past week argue that congress should be allowed to insider trade because this is somehow free market economy. remember, that's what we tell you all the time frederick boss yet said, when plunder became, becomes a way of life for the men at the top. they create the moral code and the legal system to justify it. that's what she's doing. the climb car economy based on hot air money printing results in this sort of headline here that also happened in the past week as we are traveling here. reality tv star says she makes $50000.00 a week by selling her farts in a jar. well, obviously this is very funny, but it's a more honest way of you know, she's putting in proof of work compared to nancy pelosi and insider trading. it's harder work to do this. then what nancy pelosi is doing. it's also more honest than the millions of dollars that janet yon earned between leaving the federal reserve and go into the treasury. so at least there's that right,
if you put j pal speech in front of congress and do jar that you wouldn't get more than the $0.02 for at least this woman's getting a decent buck for flatulence. that shows you that the value of this form is flatulence is greater than j. powells words, which is absolutely the market, the free market telling us, you know, it's funny. nancy pelosi says we have to enjoy free markets and i need to trade on inside information. i'd like to see her apply that same standard to journalism because then jillian, a solid, be free right now, nancy. right. of course that has happened as well in this past week that they're going to extradite him to the united states. on the very same day, i think it was like national human rights day, or, you know, some sort of democracy conference that joe biden was presiding over just as they his department of justice. got the extradition of julian assange. so, you know, as we head into the last 2 weeks of this year, we're going to look back at 2021. the biggest moments obviously, for us, the biggest moment was what happened in el salvador. and hyper bitcoin is ation.
and what not, kelly has done for that country, but also i put out into our orange co podcast telegram group. and on twitter, we asked people in the audience to, to look at their favorite moments. and, you know, come back to us, what they thought were the biggest moments in this past 2021. and i think we should cut that little video here. this is what was assembled by our audience. the coin is the 4 piece. right. so it's perfect money, perfect price discovery, perfect incentives, and perfect outcomes. so when you have the quadrangle of perfection, that is bitcoin, you are on the vector tor relentless optimism. they're going to control your thoughts. your actions are mere money, your emotion, that's all going to be control. and of course, the more you try to control it, the less ability you have to control it. and it's, it's like love isn't it?
the more you try to love something, the harder you know, it doesn't work. you gotta let things breathe. you've got to let things live. bitcoin emerged, it's imposing absolute, spontaneous order based on absolute scarcity. and what this does to the human soul is it creates absolute moral adherence to the cosmic consciousness of truth. and that is something we've never had as humans. and what that remains is the absence of fear. thank you. welcome to 2021. it's the year. fear dies oh governments have no control over the orbits of planets. sun, the rising in the east gravity. hurricanes are gains in their mathematical certainty. 2 plus 2 equals 4. right? so that's right. they have no control over absolute scarcity. something that was discovered in 2008 implemented in 2009. and it's something mankind that has been
searching for his entire existence, hundreds of thousands of years. this has been looked for, has been the try to find absolute scarcity. and they kelly leadership in el salvador entrepreneur smart guy, micro down history as really the smartest, the leader of the past 100 years. and the inflation that said in around the world and the inflation mindset. but the stories coming out of china makes you very concerned about, you know, what happens next, because if there's a disintegrating empire because of the set of these trap of a rising empire, rising power and china seems to be doing their whole treasure fleet situation. again, it's like the doppler effect, a, it's like, paper put, never stop printing, i take it all, there's a baby print,
you know that they don't care who they kill terrible. you can only sell the same, don't it. so many times before somebody figures out that, hey, there's no, don't it here that's just the whole. and that's what's happening in america are trying to survive on the whole in the don't it, i hyper plate, right? it's a political event. it's a change of mindset that happens that is very dangerous to any theocracy. you're in control, the bank, sters, the military industrial complex. what morons and imbeciles call big fama how that drug dealers and big tech, they're in control of everything. there is no freedom in america, you know, we've been right for so many years. and there's just so many ways to demonstrate how we've been right. just wanted to call and set of quantitative easing financial, monetary laxative. you'd be lucky to get a lump, a coal. this christmas, what the inflation transit, they're going in this direction, print, print, print, grandma is being rash and some stuffing and gravy. and everyone else has to go
without. so what i like there, and these are some of the themes, the quadrangle of perfection, that is bitcoin. you are on the vector towards relentless optimism. that's what somebody had picked up. obviously, max had said that, and i think that's what we witness. and we experienced in november when we went to el salvador and we're heading there. now we'll be going there. now we'll be spending a lot more time there this year. so what do you think about that? but the audience is brilliant to pick up on one of the things that i said as being the highlight of the years content. thank you audience. i thank the academy and the audience and accept the quote of the year word. thank you. well, they also pointed out that a 2021 was the year that fear dies because it did died. and, you know, with the relentless optimism of hyper bit quantization, i think we saw fear die and that's a good thing. audios. bye bye. you know, if you want to stay listening to your fear porn on the, you know, the corporate mainstream media then head over there, but for 2022. this is
a place to be if you want to be happy. yeah, no more fairport just relentless, optimism over the kaiser report. that's what we like. i like it. all right, well we can take a break when we come back much more coming your way. ah ah ah, and i make no, no borders a keys. and you parish as a marriage, we don't have a therapy, we don't have a vaccine. the whole world leads to take action and be ready. people are judgment, common crisis with we can do better,
we should be better. everyone is contributing each in their own way. but we also know that this crisis will not go on forever. the challenge is great. the response has been massive. so many good people are helping us. it makes us feel very proud that we are in it together with hello driven by drill shaped bankers and those with theirs sinks. we dare to ask
a technology is a very big industrial and there's a lot of opportunities for hackers. it is not here, but he didn't break the law in the country. you're dealing with, y rushed him that the major cybersecurity challenge is the sovereignty of laws. but cyberspace is no borders. new sovereignty, we ended up with, for example, the national health service in the u. k, the and a chest was completely wiped out from a ransomware attack. if you were coming in to a clinic because you had a test or you had an operation, they can't find your records. they had to go back to pen and paper. ah, welcome back to the kaiser report, i max kaiser time not to talk with miss shed lock of miss talk dot com miss.
welcome back. it's always a pleasure to be on your show, max, what's on your mind today? miss? i have a few things on my mind. let's talk about inflation. so this is a, a topic that economists and pundits love to talk about. those of us who have been warning about it for a while, including yourself are finally seeing some startling numbers out there. we're talking about a breakup of inflation. that's pretty epic. misha. c, p, i at 6.8 percent producer price index of 9.6 percent from a year ago. stock market don't seem to be noticing much, or even the bond market. what. what are your thoughts here, guys? at the intermediate level of you dive in the b i a reporter. stage 2 is up. something like 28 percent. wow. so the thing is max, all of these numbers are under reported. they're not reported because they don't
include housing. they don't include asset bubbles if that doesn't count any of any of that stuff here. so you factor housing into the c p i, i've not done the latest numbers, but i'm pretty confident we're, you know, inflation is going to be something like 10 percent. if it's not a lot higher. so under instated of power, finally drive the word transitory and janet you know, and also as late as october that was still calling in transit story to finally got all of that numbers. good grief match these numbers are going through the roof, and the fed doesn't even understand the true state of affairs on going back to the paul volcker days when he was earning the federal reserve. you know, the inflation numbers that prompted him to raise interest rates up to 6 same percent we got on the 10 year treasury now they were a lot lower than what we see today. in other words, these numbers are a lot higher than what they were when the central bank opted to start aggressively
raising rates. the central bank is coming out and saying, we're going to keep rates at 0 to a quarter of percent. they're not raising rates. i don't get it mesh, i mean, clearly their job is to raise rates in this scenario. that's it. that's of that. there's no equivocation on this. they're not doing what they're supposed to be doing mesh. oh, absolutely not. i can sing a song about this. i don't know if you want me to, but you know the song, a baby steps. you got the cutest little baby face. excuse me. it's baby steps. now the feds got the cutest little baby steps here. they're talking about tapering and they reduce tapering. is just a reduction at the speed in which they add to the balance sheet, right? so they're not unwinding your balance sheet yet sort of unless you factor in reverse q a reverse re buds which we need to talk about. but even still, they're adding long term duration,
us treasury and mortgage to their balance sheet every month. they continue to do that. they continue to do more of a bio reverse repos. quite amazing. there do sing a housing market that doesn't even need foods. who can afford out these days? max, the simple number to look at is one that is simply how was your purchasing power doing with your us dollar. and for 50 years it's gone down so they can call it that . they can add the reverse repos. you can taper, you cannot taper, you can raise rates in that race, right? the fact is, purchasing power is going down for 50 years, and that's inflation. and so blow away all the smoke of all the rhetoric, speaking of rhetoric and blowing away smoke. elizabeth warren is calling out core greedy corporations for this inflation. what is really amazing, and actually it appears as if she is actually running the bite and show you look at
her nominees. there she wanted for fed governor who's who she's supporting for the she regulator at the fed. these are our marks is actually the person she was for currency or regulators and want to price fix g. s it their words, her exact words, and people just dismiss all this stuff. i mean, how's pretty bad, but the people that war want to put in there that to progressive. want to put in there. my gosh, you know, if they got in there and actually set policy u. s. u s dollar would plunge me. all right, i should mention that if we can hear, i believe it's your dog in the back. yeah, that's, that is my dog in the background. apologies. for that, whenever you hear someone at the front door package from amazon or
whatever, you know, a bar. so that's, that's what happened there. and i thought, you know, i thought you train the dog to bark whenever he hears the word j. powell. i was speaking of bar b r j. pow. did you see what the former fed governor of wash came out and said, he explicitly accused the fed up purposely causing inflation. these guys, after they retire, they normally go on and say some sort of wishy washy kinds of things, but they usually don't come out with a full scale blast like that this guy came out worst, came out and accused the fed, or purposely doing inflation and blowing asset bubbles, quite refreshing to see i was hoping that someone died during the after the f o m c meeting would actually ask how hard question on this, but no, they keep lot of in the softball things. you know, you know, it's, it's,
it's really pathetic max, pathetic. presumably, he's concerned and you mentioned some earlier that the dollar is at risk here, given us a responsible behavior. another popular pungent that we've been talking about for years, who as yet disgraced himself again with a comment as paul quinn, who went on these inflation numbers came out, wrote a piece on the new york times, asking a, basically a man called or 1st to admit that he never saw the inflation coming and then secondarily, he says, what actually benefits the poor. oh, i saw that and i almost wrote an article on it. and thanks for reminding me on that because i might want to go back and visit that topic. that is absolutely insane. crazy. you know, these inflation benefits, those 2 assets. it's as simple as that. so if you have a house and it goes up in value and you can unload it to the next money or zoom or
for a higher price. ok. you've done pretty well, but the poor don't have any assets, so the stock market rises, which is clear, they're targeting that now in wars came out and set it out even himself hinted at it. so they're doing these things that are, they're absolutely counterproductive. rent is soaring, we're wages have gone up with they've not gone up as much as rents have gone up as much as food have gone out of reach and never been this negative yet despite those pretty significant wage increases, they're falling further and further behind. i did a calculus on that. i think it was 9 out of 11 months so far into the $21.00. so one more month to go and guess which way that's going to go. i expect 10 out of 12 months. people are going to lose money to inflation. and how excuse
me, crudely, comes out and says, this benefits the poor. give me a break mass. right? well, the left wing in america's having a bad year, bad couple of years really cents to bite administration to cover it's fairly expose them for having written the coattails of easy money for decades without having to impose any real policies or make any tough decisions. they just printed a lot of money and because they outsource a job to china and because the tires are getting fabulously rich, like nancy pelosi, they had no accountability, but now it's real inflation as you point out kicking in it's, there's no place to hide that there are clearly cleft aquatics in office and they're stealing people and they're committing massive acts of fraud and tyranny. but let's look back mr. k. 2021. what stands out as the top one or 2 stories that you felt were defining of 2021 and looking at 2022. what. what do you think we should look for? well, it's, it's,
it's the tapering talk. it's what the progressives are trying to do in congress, that's actually key. and that has added to inflation. fortunately, one person and one person alone, senator joe mansion of west virginia has, has stood in the way of a huge, you know, massive. you know, they call it a $1.00 trillion dollars package. we've, we've, we've seen accounting from 2 different places or newest one called it said it was really 4 and a half 1000000 dollar package. and we had the congressional budget office, which is non partisan who biting has praised over the years by the way. and it's now suddenly critical of the congressional budget office because it's not saying what he wants. you know, they put the price tag of this at a close to 5 choice. so i think one of the key things for next year is they've already punted on this package for trying to get is 5 training to our package pass
this year. a bike came out, i think was yesterday and said, well, you know, we're looking ahead now to 2022 looking ahead to 2000. and 22 does how really get in those rate hikes that they've pencilled in? they've penciled in 3 rate heights for 2022. i max or 2023 and still more rate i just for 2024 max. they're not going to get it nice. i don't even know if they get any, but my guess would be maybe a couple hikes. but if you look at what long end of the yield curve is saying, it's saying the fad is hiking us into another recession. and it'll probably be a recession caused by the stock market bubble bursting. you know, they're,
they're clearly manipulating the stock market up. if it goes, a lot of these net inflation numbers are going to go up right down with it. it's and pension funds are going to get smash. illinois is already in solvent. i'm. it may be a decline in the stock market. we'll, we'll put that too ahead. you are moved out of illinois because things are looking pretty bad. they've got about 20 seconds. do you see more, my immigration in america from state to state, that is happening right now. max is half people are leaving, california people are leaving. illinois. people are leaving new jersey. so i people are going to leave new york also. so the recipient states are low tax states like oh, well florida is the, is the key when max. so a lot to look forward to in 2022 and meanwhile merry christmas to you and stacy
it's always a pleasure to be on the shell. all right, well michelle, like a miss talk dot com. the legend, thanks for being on the show and i was going to do it for this additional. the guys report with me, my kaiser states airbag what to think. i guess mish shed lack of mish talk dot com until next time bio ah hello . mm mm mm mm mm.
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