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tv   Keiser Report  RT  December 27, 2021 10:00pm-10:30pm EST

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the 4 year old charles is definitely pepper sprayed at angie, maxine march in germany. countries across europe rolled out a harsh new and he would measure civilian death and destruction. and i've got a blow left that americans drone program and the world roy's accounting hiding from the taliban spoke. so he's on heard voices project brand new episode is available in full on. i went to groceries for a minute. actually, he's going to of trying to grab eastern european territories and debunk claimed from the alliance of russian aggression and ukraine. and leading belgian engineers, i left dismayed as the government decided to shut out all the nuclear reactors within 3 years. even though i saw plants generate almost all the countries
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electricity as you need for the cars, the reports heading away in a few moments time at the time when i all back in and out time with the latest headlines. join us again. ah welcome to the kaiser report, christmas special. i max kaiser. i'm here with stacy herbert the by vicious, the intelligent, the all singing, stacy herbert, and our special guest today. the only the legendary mich fire sty author of planet pansy mich. nice to see you. happy all these guys, i hope all is well. happy. kwanzaa. happy. christmas. happy mary. new year. the whole lot of good. great to see you guys, mich. first of all, did you eat in china town for christmas day? that was a few days ago?
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no. actually, i didn't get to chinatown, because chinatown and one bit. every time that i've never had a bad experience. 24. all right, well let's jump into this. and so we are in christmas week here between christmas and new year. we're pre recording this a little bit because of course we're all living the life of riley. i know you've been in the caribbean, you've been in switzerland, you've been in italy, you've been traveling around the world during this pandemic having a great life. but one thing and perhaps during all your travels, you've noticed this because in 2021 looking back in the year, that was the h word got mentioned 1st by the likes of michael barry. but you know, that stayed in the whole financial sector. but then towards the end of the year in october, we saw a c, e o jack dorsey mention the 8 toward which is even worse than the c word, and that is hyper inflation. this triggered quite a few economists. it triggered the treasury secretary herself, janet jaelyn,
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who said inflation was under control. so what do you feel about this word? hyperinflation now becoming mainstream? do you think translation is going to happen soon? it usually happens suddenly, right? so it's 2022, possibly a year that that could happen. it's like, you know, you're walking up a staircase slowly, slowly, slowly and then you get pushed down the elevator shaft. the result is catastrophic and it happens within minutes. so it's a similar type of situation and as far as jack dorsey, i see i've been suspended from twitter, but it's probably the only thing that i would ever agree with jack dorsey on, is that we have hyper inflation. and you know, if we have a chart of the nasdaq, if you pull it up, you can see the hyper and plate in inflation in the way that asset selected asset prices have absolutely exploded, which is made the currencies worth last, you're buying less than the currencies and everybody out there knows that there's
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hyperinflation across the spectrum. i mean, you know, look at oil prices, for example, another chart. you can see that it's well in the triple digits it's, it's absolutely screaming. and the talking heads have been wrong. the central banks have been wrong for several decades. janet ellen said we'll never see a crisis in our lifetime. another one and 2017. she's also come out and said, i'm going to have escape velocity. we're going to raise interest rates. but you know, you can never taper upon the scheme and they never did all this q a infinity temporary emergency madge measures that started 13 years ago. and they're continuing right on to today. we're the 5th is buying $120000000000.00 worth the paper every, you know, it continuously. so they're filling the, the backs coppers with money. we're seeing that the outcome in the stock market. the stock markets are searching. and the reason why they're searching is not
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because of productivity. we've got a chart, goldman sachs stock, which illustrates what's been going on the stock market to buy back fever because the banks can borrow money and all the corporations borrow money it near 0. there's a true over going to be over a trillion dollars and buybacks this year, and probably more buybacks next year. but the debt is not a bad use for productive reasons. but when banks go out and instead of bolstering their balance sheets, speculate by buying their shares back to pay the c o sweets we have a problem. stock buybacks are not a really good way to reward shareholders, or to build a value in the company. you need to take money and invest it in creating good paying jobs. not speculating on financial assets. so the seo is, can get rich or cannibalize future aren't. so yes, there is definitely hyperinflation. we've seen it in the oil prices that have been
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going up for over a year and a half and nothing is going, you know, it's nothing is transitory inflation is not transitory. it's a lie. people have to get used to understanding that there's no such thing. it's a news we have is an outright program of media dishonesty. it's totally dishonest. and, and basically what you need to do is be able to figure out on your own, what's going on, people, you know, the truth is upside down. we can't trust science and can't trust medicine. we can't trust what the central banks are telling us or obligations our governments, their purpose. purposefully crafting its honest narrative act is political activists. rather than telling people the way it is, and i think people are reaching an inflection point here, things could get really this. right. well, miss, even as race on 6 months ago, john and gallon echo the comments that fed chairman made now for 15 years 20 years
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. that they have to keep interest rates low because they're fighting deflation. this is the, the actual term they were using up until 6 months ago that they were fighting the flash and that therefore they had to keep interest rates. and of course, we've talked about this many times and we've been saying that there's actually stoking in place and it shows up in the asset prices. and it doesn't show up in a, c, p i because those numbers are fraud. as you point out, everything is upside down and including how they report the c p i, the consumer price index. well, now we've got above trend inflation. we've got the actual reported inflation above 5 percent. so the answer to this, of course, is to raise interest rates, but this is not being discussed. i mean, this is what they were waiting for to raise interest rates. they were waiting for inflation. well, now they've got it. and it seems like the answer to inflation is the same as the fact deflation. the print, more money match it's. it's like if you ever watch the old peanuts cartoons by
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charles schultz where you have lucy, put the football down for charlie brown and say ticket ticket ticket. and then they pull it away. it's the same thing with you can never take for a ponzi scheme. just make little falls upon the sky. when they say they're going to taper, they can't taper, because the mount and magnets hope, scale, and magnitude that they would make in solvent, they wouldn't be able to service the interest on the debt. now, the bigger problem that we have is that you have earned crazy bernie crazy, bernie sanders, the head of the senate finance committee. you know, just moral hazard means nothing to him. and, and stephanie carlton is one of his advisors who created magic money trade mat, modern monetary theory just print print until it explodes. and that's exactly what they're doing. you know, you saw last year or this year in the middle of the year were early said that 6 and a half trillion additional stimulus is, is the minimum that we should put out there. if you think about what's happened,
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i mean go back to jesus, go back to 998. we had the 1st, the 1st bail out, and 1st case of moral hazard was when long term capital management got billed, billed out, and that was $1000000000.00 and everybody thought that was the end of the world that was in what 9899 and then of course, after that we had, we had the dot com in 2000 to 2001. and if you see what, what happened with that? i mean, that went from 5132, all the way down to around 1200. and you know, it was up the staircase and down the elevator shaft and then then they build out that would be creating housing bubble. it took 15 years for the nasdaq to retake that $5132.00 level again. and then you know, going back to the hyperinflation. it went from 521-5000 higher than you know,
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higher and higher than 15000 in a matter of 2 years. so think about that, that's, that's exponential. and this isn't because people are going out and spending are earnings and they're making productive goods. just financial ization and this is inflation. this is us dollar to basement. so you know, the dollar is going to collapse us dollar and gemini is going to be finished within the next few years. i mean, a perfect example of this is her hertz corporation went bankrupt in 202021. and when they were bankrupt, the momo is on robin hood. push the stock of a bank or company, which means is equity is worth 0 up to over $60.00 a share. and then i said, oh, let's issue some more worthless shares. and a judge said, oh, you can't do that. so that was an example of how insane the pricing is. now,
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after a couple months in bankruptcy, hurts came out and said, ok, well now we're going to buy $100000.00 tesla's. so they're going to spend $4000000000.00 on one 100000 test was maybe a little over $4000000000.00 and announcement came out. you must p r team had the price of a test for the market cap, went up several 100000000000. so how is that proportional? i mean, we just have stuff trading in the stratosphere. that's absolute lunacy. so this is definitely going to end badly. it's worse than 1929 to 1999. combined. valuations have never been stretched in the history of the planet. no, it's not different. this time. it's not different. next time it's never difference . and this is going to end exceptionally badly for the people who are a lot of these trillion dollar zombie companies. so speaking of the price signals, i mean before, even the see where it happened. and the pandemic in lockdown followed, and the stimulus checks and the choices of dollars printed. we already saw,
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we saw negative interest rates. that's not what happened had never happened to thousands of years of human history. then we had negative oil prices, trade for a brief period, right before the pandemic hit. then now during the pandemic, we've had trillions of dollars given to people who don't have to work. that has perhaps happened 1st, some aristocratic classes like pre revolutionary france, or maybe ancient greece, right before they collapsed, where people of the empire didn't have to work at all. but they've been consuming massive amounts. and we've seen the like, extraordinary price action as well. with container ships. we saw use car prices go above new car prices. so 2 years later your car is worth more than you bought for it. so these are just like extraordinary sorted numbers, but we're heading into a mid term election in 2022 in the last minute. in this 1st half here. what do you have to say about how are they going to be able to print more money?
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do you expect more stimulus? is that going to be possible to pass? will it pass? of course, the more they don't have any, any other choice the box themselves in they might raise rates, but then we're going to realize that the policy mistaken it all break. it's gonna be, you know, the end or the end of there are tight. i've never been tight, but all the people who are trading marketing large portion are jar young and they've never seen what's called the bear market and they believe that the central banks role responsibility is to bail out their bad position. and that's not the central banks job central banks. now believe that that's their job. they balance for billionaires and everybody else at the cost of middle class to the cost of everybody else. and this is why we have record wealthy quality. it's getting worse and worse and worse until you have the fabric of society being torn apart. and this is tribal, is what we're seeing right now that they're trying to make worse. we're trying to
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get people fighting each other while the greatest economic plunder industry. wow. this is exciting. let's take a break. when we come back much more with miss fireside author plot a policy don't go away. ah, ah. and i dream shaped by thinkers and those with there's things we dared to ask in those
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diagnosed with cancer in 2000. when the doctors told me the cancer was incurable, i knew i had to make a change. so i decided to travel to one of the most toxic places in america, florida of florida's biggest industry and best kept secrets, is flashing in the biggest layer in $85000000000.00 industry is mosaic janai. there are reports of millions of gallons of contaminated water. now flowing into the florida aqua for a chronic, i don't want to hear that word polar thing, but that's what it is. i'm in 2013 my, all our family dog. my brother was 21 years old, myself and my father were all a 100. wow. yeah. a good player. right? yeah, yeah. maybe they'll actually we're that far hill is more important than
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with welcome back to the kaiser report on that casual stay here at our special guest misfires time for this year. end blow out special. hey, match. let's talk about 2022. it's coming up pretty quick. here what are your thoughts? what are we going to say? what are the major trends? you know, i think we're going to see more more buyouts, more stock buyouts that should be illegal. i wrote an article about american airlines in their equity buybacks in 2021. and you saw that what happened was, i've never seen this in my career where the ceo of american airlines went out. and he spent about $15000000000.00 a share buyback. and he paid himself, he was paid entirely in equity, and i've never seen that happen. so if the stock price went up, he got paid,
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he banked over $100000000.00. and then he had to, since the balance sheet was so weak. when the c word happened in march and they didn't build the balance sheet, said they were speculating on share buybacks, they had to go hand to the government and get what a $20000000000.00 bill out from the government contract to sac most of the employees. so he and he still the senior, so there's no penalty for taking massive amounts of risk. this is a problem. and now they're allowing them back banks to do buybacks again, it started in, they had a bumper buyback your $2.21 because the fence that you could buy a limited amount. yeah. well, i don't know what limited means, but bank of america, they're buying at least $25000000000.00 worth of their own shares. so the price is of all these financial companies are hitting record new highs because they're borrowing money near 0 or 0 from the fed. buying shares back and taking massive bonuses, because obviously when you're sure multiple goes down,
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you get to pay yourself. so why would that, why would that stop as long as the free money keeps coming from the fed and this insanity goes on. but i'm telling you, music will stop it has to stop. and when it does, it's going to be mighty ugly. in the meantime, the party is rocking. it's been rocking since 2008, 2009 and the financial crisis. 2021. we thought you lot must start the year worth about 80000000000. he ended the year worth about 300000000000. we saw a lot of those billionaires, jeff bezos raised in tons and tons of billions on the asset price, increase them with stock. you know, stock ownership of amazon for example. so you know, since 2008 during and q we and the intervention on the markets. we saw since by the 1st trillion dollar company. that now we have many trillion dollar companies is 2020 to possibly the year that we see the 1st individual trillion error happen like
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we might have as many as they venezuela, as in bob weight, by the end of the year. well, yeah, i think what will happen very quickly, i think that way you'll have is a currency collapse in a currency crisis. so, i mean, even though that are a trillion, these companies are valued, you know, several trillion like apple was approaching 3 trillion dollars. is any company worth that? no, it's not in any history. we've seen it happen. vendor quickly does fall, and this is our markets work. i mean, this is just all on the basis of irrational money printing and people need to realize the central banks are responsible and caused the problem. the problem is, is the politicians are the same. the republican party is the same as democratic party, and all they seek to do is cause tribalism and so seeds of discord between different people. so we're fighting all economic funders. yeah, way of saying some experimentation going on, of course, buying back your own stock used to be illegal. then under reagan, it became legal and it's been totally abused. as you point out,
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we saw negative interest rates on the sovereign debt, which is almost non existent and financial history. now we've got a new experiment on the horizon. this is a new for me, and i'm a kind of store of all of these types of fen dang. you know, financial was bank products. they're going to try to tax unrealized gains match. what do you make of this? that's insanity. i mean, you know, it's just another gimmick, so that it looks like they're doing something, but you know, i'll tell you what it appears to be. you know, you seem like the weapon is ation of government agency westernization of the weapon ization of the i r s. where they threatened in 2021 to look at $600.00 per person, which is ridiculous. did i have to hire 5000000 people or more to look at the 600 dollar cash transaction over the period of your bank account? you know, the food and drug administration, this c, d, c, all these agencies have been weaponized. and what they're being used for is to,
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to go after political enemies, to disagree with the popular narrative of the established regime in power right now . and this is a really dangerous time in history, because if you disagree with the narrative, you get sent certain shut off, like i cut off on twitter. and it's a bad time when stuff like this happens, bad things happen, max. and when you have extreme valuations, bad things happen and that's why, you know, i think that the population in general is lost trust in the median should. because you know, it's outright dishonesty. it's not fatal. it's, we've had dishonest price signals, they've squashed all of those. and now it makes sense that they would, after the price signals have been tamed and destroyed and silenced that they would start to silence the people. but there are still, you know, some price signals that they can't hide, like the value of your cash. right. and you see that in that increased was going up an asset prices obviously you see you 4 people love it. just like early days of
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weimar germany, people love their asset prices going up a year. you spent a lot of your time in the u. k. you think the british pound this year could break the buck? it started the 2008 financial crisis at over $2.00 to $1.00 pound. now it's down closer to a dollar. it's heading down there. i couldn't break the buck this year. i've been following sterling for my entire career, which has been multiple decades is as i'm sure you guys know. so look, if you look at the chart of sterling, you can see that sterling, the real collapse and sterling was when the bank of england an american king decided to print enormous amounts of money. and sterling dropped 34 percent on the left hand side of that chart as you can see. and then, you know, it dropped all the way down to to 138 i think was the low. and then it bounced around until they hired mark hardy. you know him climate change mark carnie now mark carnie x goldman x bank of canada. the housing bubble mark carney,
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housing bubble in canada. housing bubble in the u. k. he said we're going to have a state velocity in the u. k. and then sterling reacted that was 201314 you can see on the turn went up to 170 because he said it was going to raise rates. but of course, like any of the central bankers, it was a total lie because you can never pay for a ponzi scheme. so then you saw when he didn't, he had to cut, they actually cut rates, and then sterling dropped back down to probably around $11.00 for the, for $140.00 range and then you had breaks it and it was still around the $130.00 and change range so breaks it really didn't impact sterling, i know that everybody likes to play and they like to play breaks it. but you've had sterling hovering around this $138.00 area since the 2008 credit crisis. so there's always a crisis that they try to blame stuff. ha briggs,
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it credit. great. financial crisis next will be the climate crisis. or next crisis will be a cyber attack russian cyber attack. but, but, but, but, but, but isn't going to break the back. that's all we want to know. we don't need money . yes. because what, what they're doing, what they're going to do is blame the collapse in sterling on another crisis. but it's not, it's because they're printing, like now they printed because of the c word in march of 2020, as driven everything much lower in the government and printing more money. so when you print more money, its currency basement. so sterling is way over value right now, and it's going to continue. i think it will go to parity with us dollar, and i think the us dollar will get slammed even further as well. i'm not very bullish on any currency at all. so this is the good part of this conversation that i think there are other asset classes that are grossly undervalued and remain gross, the undervalued,
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and i think people need to explore what those are and how to express those in good trades, where they can actually make money rather than lose money on buying something at the peak of a bubble when it's the biggest hysteria in our media and it, when you invest in a bank, you get till you get slaughtered. what goals make money, bears make money, and pigs get slaughter. and that's adage, you have to live by and you know, you look to find asset classes that are fairly priced under price, otherwise you don't play right. and all this money printing, of course, has started a huge run in the commodity market. so as you mentioned, oil is moving up quite aggressively. we say moves and copper, we see moves and aluminum. we see moves in agriculture. we same of everything. bitcoin making new all time highs. everything is making a move match except the one inflation indicator that people have used for thousands of years. and that is gold. is the world just conspiring to make peter shift look
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bad? i don't know. i, you know, look i, i started buying gold back in 2 when it was 300 now, and i'm never going to stall that position out. but i think everybody needs to have metals. i think they'll have their day. they're going to have their day when, when collapses, you know, will they tried? it seized the metals like they did in 1900 thirty's, maybe. but you know, that's going to be a very hard ass. but i think we're in a very precarious bunch of levels and silver. i mean, you know, you were very bullish and so years ago i remember i'm, i've been bullish on silver from $14.00. i think there are a lot of commodities out there that are under under price and under valued and as you get inflation, every single commodity is going to take off because it's not a matter of you know, when you, when you can buy any asset near production value, you have to buy it, you know, it doesn't matter if you think the price can, if they can manipulate the price, but you almost had exchange failures in certain products. you actually had delivery
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problems which was several commodities. and i think you'll see that again, you'll have delivery problems with commodities in a couple of these estimates blow up and people will understand that unless you have physical assets to back something by it's meaningless and you know, the real game changer that i think we could see, within the next couple years or not, we could, we will see the next couple of years is maybe china or russia or a combination of these countries coming out with a currency that's backed by tangible assets like exchangeable for oil units of gold . copper, silver. i don't know maybe some crypto currency, but you'll actually be able to exchange it because current use back by nothing. i mean, what does it back by a promise to repay the debt of the sovereign that's issuing it? and when people realize sovereigns are more than over extended and can't repay their dad, they're going to say, well, i'm not going to buy that. where am i going to put my money so that i don't,
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it doesn't erode like in why am i republic years in public and quickly for the last minute here before we head into the new year, we've mentioned michael berry, my sorry, was short and bitcoin, he was shorting tesla, he obviously got wacked on those. he's also shorter us treasury's. what do you see for 2022? is there any relief there? this poor guys positions? yeah. treasury trade. i mean, treasury's, whenever they go higher in terms of yield, i mean, they're going to be a buy because the fed wife to come in and do to really infinity to bring the yields down because you'll reach a point where they can service their deck. and then they were either default or worse. so yes, treasuries are probably by sounds like he's gonna, he's hanging on to that widow maker another carried out on a stretcher, mom for that guy. yeah. one trick pony, that's it. he would then be went down the drain. all right, that's going to do for this. this guy's a report. max kaiser, stacy herbert mitch fireside the mod squat. it's like, done by all,
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ah ah, there is no such thing as, you know, reliable security. all real security is always collected. this is precisely how russia views, endless western hostility and nato expansion. moscow is presented ways to avoid conflict could assure all security is the west suite at the switch. ah ah,
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mm. in the airline chaos as thousands of lights are cancelled due to on the front, leaving hundreds of thousands of passengers to make other plans as they travel to and from a home holiday week. and once they do get on a plane, should airline passengers be forced to wear mass for the entire flight? well, there's a difference of opinion on that because we'll speak with jamie finch. it's dope it out there, a dad participating on a christmas call with the president and the conversation by saying, let's go branded. so just how much is the cold that can demick responsible for the record low ratings above joe biden and come a liar and we'll get the $360.00 view from our political panel and have you seen spike.

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