tv Keiser Report RT December 28, 2021 3:30am-4:00am EST
with her, 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 play in inflation in the way that asset selected asset prices have absolutely exploded, which is made to currencies worth last, you're buying less currencies and everybody out there knows that there's 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 is absolutely screaming, and the talking heads have been wrong. the central banks have been wrong for several decades. janet young said, we'll never see a crisis in our lifetime. another one in 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 infiniti temporary emergency meds measures that started
13 years ago. and they're continuing right onto today where the 5th is buying 100. $20000000000.00 worth the paper every, you know, and continuously. so they're are filling the, the backs copper's with money. we're seeing that the outcome in the stock market. the stock markets are searching. and the reason why the surgeon is not because of productivity. we've got a chart, goldman sachs stock, which illustrates what's been going on the stock market. it's a buyback fever because the banks can borrow money and all the corporations borrow money near 0. there's a true over going to be over a trillion dollars and buyback this year. and probably more buybacks next year. but the debt is not a bad when it's used for productive reasons. but when banks go out, and instead of bolstering their balance sheet, speculate by buying their shares back to pay to see, oh sweet. we have a problem,
stock buybacks are not a really good way to reward shareholders or to build a value in a company. you need to take money and invest it in creating good paying jobs. not speculating on financial assets. so the ceo is, can get rich or cannibalized future. so yes, there is definitely hyper inflation. we've seen it in the oil prices that have been 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 use the understanding. there's no such thing as a news, but we have is an outright program of media. dishonesty is 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, we can't trust medicine, we can't trust what the central banks are telling us are all dishes or governments their purpose. purposefully crafting its honest narratives is political activists.
rather than telling people the way it is, and i think people are reaching an inflection point here, things couldn't get really this. right. well miss, even as based on 6 months ago, john gallon echo the comments that fact chairman made now for 15 years 20 years that they have to keep interest rates low because they're fighting the place. and 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 low. and of course, we've talked about this many times and we've been saying that there's actually stoking in place and that shows up in the asset prices. and it doesn't show up and a c p i because those numbers are fraud. as you point out, everything is upside down, including how they report the cpi, the consumer price index. well, well, now we've got a bug trans inflation. we've got the actual report inflation above 5 percent. so
the answer to this of course is to raise interest rate. 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 met it's, it's like if you ever watch it all peanuts, cartoons by charles schultz where you have lucy, put the football down for charlie brown and say, kick it. and then they pull it away. it's the same thing where you can never taper a ponzi scheme, just make a ponzi scheme. when they say they're going to paper, they can't paper because you know, and magnets hope, scale, and magnitude that they would make them 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 stephanie,
kelton is one of his advisors who created magic money training. math, 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, 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, i mean go back to go back to 998. we had the 1st, the 1st bail out, 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 98 or 99. 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 5100 to all the way down to around 1200.
and you know, it was up the staircase and down the elevator shaft then, then they build out that would be creating housing, but it took 15 years for the nasdaq to retake that 5132 level again. and then, you know, going back to the hyperinflation, it went from 521-5000 higher than you know, higher and higher than 15000 in a matter of 2 years. so think about that, but that's exponential. i mean, and this isn't because people are going out and spending or earnings, and they're making productive goods. just financial is ation. and this is inflation . this is us dollar to basement. so, you know, the dollar is going to collapse us dollar gemini is going to be finished within the next few years. i mean, a perfect example of this insanity is hurts the hertz corporation went bankrupt in 202021. and when they were bankrupt,
the momos on robin hood pushed the stock of a bank or company, which means just equity is worth 0 up to over $60.00 a share and then said, oh, let's issue some more worthless shares. and the judge said, oh, you can't do that. so that was an example of how insane the pricing is. now, after a couple months in bankruptcy, hurts came out and said, ok, well now we're going to buy a $100000.00 tesla's. so they're going to spend $4000000000.00 on one 100000 test was maybe a little over $4000000000.00. and when that announcement came out on must p r team had the price of a test for the market cap went up several 100000000. 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 929999. combined valuations
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 lot of these trillion dollar zombie companies. so speaking of the pricing, those i mean before, even the see where it happened and the pandemic and locked down followed, and the stimulus checks and the trillions of dollars printed. we already saw, 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 head. 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. we've seen that like, extraordinary price action as well. with container ships. we saw,
well use car prices go above new car prices. so you 2 years later, your car is worth more than you bought for it. so these are just like extraordinary sort of numbers, but we're heading into a mid term election in 2022 in the last minute in the 1st half here. what do you have to say about how are they going to be able to print more money? 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 they're going to realize that the policy mistake and you know, it, all packed is going to break loose and it's going to be, you know, be entered the end of their time, i've never been tight, and you're asking that all the, the people who are trainings, markets rate large portion of our jar young. and they've never seen what's called the bear market. and they believe that the central banks role responsibility is the bail out there, bad position, and it's not 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 cost of everybody else. and this is why we have record, well, see the quality that is getting worse and worse and worse until you have the fabric of society being torn apart. and this is tribalism that we're seeing right now that they're trying to make worse. we're trying to get people to fight each other while the greatest economic plunder industry. wow, this is exciting. let's take a break. when we come back much more with much fireside author plan policy. don't go away. ah, join me every thursday on the alex saline. she'll. but i'll be speaking to guess in the world. politics spoke business. i'm show business. i'll see you then. mm. oh i wrong. i
just don't know. i mean, you have to figure out this thing because the advocate and engagement equals the trail. when so many find themselves will the more we choose to look for common ground? oh, became a test bed for medical and then later recreational marijuana and it started with something so innocent. i was wanting to socialize. everybody. does it? so why can i and then it just keeps going and going and going. i'm just going to do it one. yeah. and then it's, i'm just going to try this one and then never do it again because i want my phone was on and i'm right on inside. ok. and you surround yourself with people who are encouraging you to do it and you not to stop or it's all my life is over. jump
office at all balcony and died. mm. you just look forward to talking to you all that technology should work for people. a robot must obey the orders given it by human beings, except where such orders at conflict with the 1st law show your identification. we should be very careful about artificial intelligence. at the point, obviously is to rates trust rather than fear a very job with artificial intelligence. real, somebody with a robot must protect its own existence with
with welcome back to the kaiser report on that casual stay here in a special guest misfires time for this year. end blow out special. hey man, 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,
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 prices 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,
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 saw 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 raked 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 found 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
we might have as many as a venezuela, as in bob weight, by the end of the year. well, yeah, i think what will happen very quickly, i think you'll have is a currency collapse in a currency crisis. so, i mean, even though it's really, you know, these companies are valued, it, 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 you know, 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, same as democratic party, and all they seek to do is cause tribalism. and so seeds of discord between different people. so they're fighting 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, we saw
a 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, 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 recognized. and what they're being used for is to,
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. 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 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. the
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. 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 carney now mark carney x,
goldman x bank of canada. the housing bubble mark karney, 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. bob briggs,
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. yes. yes. 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,
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 minute, you get till you get slaughtered. what goals make money, bears make money, and pigs get slaughtered. and that's adage, you have to live by and you know, you look to find asset classes that are fairly priced under priced, otherwise you don't play right. and all this money printing, of course, has started a huge run in the commodity markets. as you mentioned, oil is moving up quite aggressively. we same lives in copper, we see moves and aluminum. we see moves and agriculture. we see moves and everything. big coin 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
bad? i don't know. i, you know, look i, i started buying gold back into when it was 300 now, and i'm never going to saw that tradition 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 try to seize 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 still years ago, i remember i'm, i've been bullish on solar from 14 dollars. 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
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 is 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 in 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 currencies back by now. i mean, what is the app? i promised 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,
it doesn't erode, like in why am i republic your bob way and quickly for the last minute here before we head into the new year, we've mentioned michael barry, mike, sorry, was short and bitcoin, he was shorting tesla, he obviously got whacked on those. he's also shorting us treasury's. what do you see for 2022? is there any relief to this poor guy's 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 it's the fed will have to come in and do you really infinity to bring the yields down because you'll reach a point where they can service their debt 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. my yeah, it sounds like another carried out on a stretcher mom for that guy. yeah. one trick pony. that's it. then be went down the drain. all right, that's going to do for this this you guys are report max kaiser, stacy herbert mitch fireside the mod squat. it's like done by all.
ah, i was diagnosed with cancer in 2005 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. one of florida is biggest industries and best kept secrets, is fostering one. the biggest player is $85000000000.00 industry. is mosaic, and i, there are reports of millions of gallons of contaminated water now flowing into the florida aquifer named pro. there's a chronic i don't want to hear that word poets thing, but that's what it is. i'm in 2013 my uncle, our family dog. my brother was 21 years old, myself and my father were all along
with and the good player, right? yeah, i'll, yeah, maybe they'll actually, we're, that our help is more important than i, jeremy, you must either. so did that in a short don't to stand together. we'll continue to stand together against russia. 80 in germany, repeat some of the arrows that we doubtless made. they noticed these as shockey, daughters about their building influence other nations, france b, u k. and even the latin america and other countries in future than maybe knew where to high wrong cycle alone with members of your household. so please, please,
please, please. we're going to continue to fight don't you just need to to do the russian must not be allowed in germany. i want to call and leave it social out. so being out a day in office. the 5 of the yes actually indian 80 the enough. mrs. guns until sunday. oh, when i looked showed the wrong one, i just don't hold any world to see out disdain because of the african and engagement. it was the trail. when so many find themselves worlds apart, we choose to look so common ground. one
of the worst ever mass shootings in america was in las vegas in 2017. the tragedy explodes a little of the real las vegas where many say elected officials are controlled by casino, knows the vegas shooting. revealed what the l v and p d really is. and now it's part of the stand machine. most of the american public barely remembers that it happens that just shows you the power of money in las vegas. the powerful showed that true colors when the pandemic heard the most contagious contagion. there we've seen in decades, and then you have a mayor who doesn't care. so here is caroline goodman, offering the lives of the vegas residence. to be the control group, to the shiny facade concealer. deepen difference to the people who buys could have been saved if they were to take an action. absolutely, keep the registering and keep the slot machines doing in vegas is a money machine is a huge cash register that is ran by people who don't care about people's lives
being lost to a place, a pet to spray a 4 year old that an anti vaccine much in germany, countries across europe, facing unrest ahead of new year over new restrictions. parents and activists. the la g k. hospitals are discriminating against children with down syndrome and it's free of beds during the pandemic with deadly results. we hear from a mother disaster trying to do not with such a title order for her son playing. she said i well, jackie, he is. that's my son's life that you're asking with that you don't know. i me see i found in that's got nothing to do it. every shipped types are not on the latest polling. find.