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tv   Keiser Report  RT  July 28, 2021 11:00pm-11:31pm EDT

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and those who do it the tone of today's exposure to chemical factory in germany is expected to rise. the official saying there is little hope that the missing will be found. the line i quote on revoke street, and i saw your citizenship over the 2 years after he was forcibly removed by british police from the countries embassy in london. things are getting heated up the olympics as a russian tennis thought. you might have better f is trying to insuring a press conference with questions. more about the politics and sport. place you next for the cars, a report if you want sort of in the u. k, it's boom bust. we're back in and i was talking with a quick update of the global headlines. join us again that
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the biomass guys are, this is the kaiser report, you know, going to count down the next day, shares toward an historic day in monetary history. that would be august 15th, 1971. the day that then president richard nixon closed the gold window, basically defaulting on america's obligations to great britain at the time. and since then we've had pure monetary chaos. stacy? yes, that was known as the nixon shock. and that's where you find it under wikipedia to research that, over the next 2 weeks, we're going to be looking at that building up to this 50 year anniversary of a great monetary experiment. this is a monetary experiment, right? because this is the 1st time we've had a global all the out world based on basically nothing but paper backed by,
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as paul common at the new york times. a nobel economist says back by men with guns . that's a 1st we've always had hard money or hard wealth creation, real wealth creation. so this is the 1st time we've had been beyond that sort of system. so it's an experiment we're 50 years into it. and that's kind of what because report has been doing for the past 10 years. it's kind of cataloging the results and the consequences of this were researching the experiments. right. so there's 2 parts to it. there's a monetary relativism. yeah. which is that fear money in one country was valuable relative to the money in other countries. yeah. and so that entered into an era where value a standard of value, it became almost impossible to acknowledge or maintain. the other thing it led to was that previous to the central banks or some autonomous and obliged to
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perform in the interest of the countries that they were in the bank of japan, bank of england, federal reserve bank, european central bank of the precursors to the pain central bank and all the various european countries would be involved in policies that were seen as beneficial to those countries after the nixon shock. and for the past 4050 years of deregulation, we see inclusion as no prince writes in her book. com collusion. and this is about our central banks now work in concert with the same expansion, those policies, and so the same problems are now being experienced in all countries. here's a headline that to me that the 2 words know resistance. that's a fantastic way. i think to describe the results of this experiment, what this experiment has caused in terms of the psychology of the population. and
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this is the headline from wall street dot com, no resistance to price increases. reports are coming from all directions from small mom and pop operations to large corporations, input costs or surging wages that companies have to pay to attract workers arising, transportation costs are surging amid drivers shortages. supply chains are tangled up and there are delays and bottlenecks and suppliers suddenly can't deliver because they've run out of something. and companies are furiously juggling these issues and they're raising their prices to make up for those higher costs. and there is no resistance to these higher prices, consumers are willing to pay whatever, usually there's resistance over the past few decades. and, you know, companies have to do whatever it takes to try to figure a way out to reduce their own costs. in order to keep the same price for their customers. right. so last time we had resistance was back in the late seventies,
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early eighties of walker. it was raining the federal reserve at that time. and after nixon let the genie out of the bottle. paul grant a raise rates to very high mid jeans to form some resistance or to create some scarcity we have had since paul volcker, in the age of margaret thatcher and ronald reagan in the area of deregulation. this runaway derivative growth that has created what's called a shadow banking system is not accountable to anybody. and periodically you'll have crashes, and that's where the resistance comes in. whether it's a crash of $87.00, the bond crash of $93.00, the subprime crisis of 2008, et cetera. that's where the resistance isn't even ground. alan greenspan said that fed policies don't want to try to manage the economy. it's merely there to clean up the mess after the crashes, which is what he said. but this idea of creating artificial shortages are artificial scarcity. and you could encapsulate that in the work of milton friedman and the monitors school out of the chicago school of economics. that has now i
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think come to the absolute screeching halt. we now have runaway inflation from decades of money printing and the bodies are now surfacing. they can't bury the bodies, they can't hide or any more. there's no more had donek adjustments and people are starting to realize it, and it's happening on a global basis, which leads to the famous phrase uttered here on this show by max and stacy global insurrection against banker occupation is now global as well here. the other thing i want to consider max is when we've talked about this, that, that stag place on the inflation happening right now is similar to the 1907 days. but the thing that's different is of course, the new generation, the boomers, where the young generation, they equivalent of generation z back down to 1971. now we have generation z and the younger millennials at the same age. so back in the seventy's of course you were coming off the hippie movement, the resistance movement, everybody was resisting the draft and it was all about free love and stuff like
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that. now we have no resistance. so where are we from that point of view? because back then the boomers are born and raised and a time of wealth creation rising wages, real wages, rising real wealth, manufacturing power house. and now we have a generation that is, was not raised on that sort of economic model was not raised on a gold standard. they were raised more if, you know, as sort of a game gaming like virtual reality platform and economics system. so whereby like these, by the box before that was the trunk dollars, the stimulus checks the stimulus, like the no resistance, the price increases is makes sense in a way and that they, they don't have that same understanding of the economy, a monetary policy, they feel like you know, on their games that they play all day, it's easy just credit your account with more new linden dollars or whatever it is.
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you know, right. you mentioned there they were the company behind farmville farm. the bill was one of the early applications or games available on facebook, and it really made facebook, you know, get that 1st 100000000 users or so. and absolutely right. so virtual reality, virtual economics, virtual currencies is where this generation is most familiar. and that's their understanding of economics and people often say that life is all about powering up . and like in a game world of witchcraft where you get an extra storage, you get an extra weapon. and that's the most people understand to be the economics . what we're seeing now is the difference between inflation and hyper inflation. so inflation is a monetary ban type or inflation was a political event. and when people lose confidence in the funny money, the game currency, the us dollar in this instance, then you get hyper inflation, which is far absence of confidence in the dollar. and we see that the currency
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because the dollars world reserve currency it has other complications involved. but at this rate, i think on the 50th anniversary of the us dollar in its pure form, going back to $971.00 august 15th. what we're going to see is a collapse. so there is no resistance to the price increases. certainly not from this new generation that the millennial, they're out there and happy to pay these price increases. all value is subjective. if they feel like these, you know, these virtual currencies are good enough for them. that's one thing. but that the problem is when you do actually need real supplies, like you do need food, you do need somebody to actually go out there into the field, plant, the seeds hedge their risk, you know, reap the harvest, do all that stuff and deliver it to so that the in the seventy's and we're comparing these 2 generations because in the seventy's is when we,
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the nixon shock happened. 17150 years later today we're having another supply shock . the supply shots, back in the seventy's was the oil embargo that 1st started, we had one in the early seventy's and then we had the iranian revolution in the late seventy's. so we had these, all these supply shocks or this. the 2nd one was a fear of a supply shock that didn't actually materialize, but now we have a supply shock, similar in the us with various goods, including agricultural goods. so you're seeing all the restaurants of fast food chains, even having to pass on huge costs to their consumers. there was a recent call chipotle and they were mentioning that they raised their prices by 3 and a half to 4 percent classic sort of fast food chain that is beloved by millennials and generation z. and they raise their prices by 3 and a half to 4 percent as the earnings call just last week said. and they were surprised and no resistance at all the consumer is willing to pay. and they were kind of suggesting there might be some more increases coming in very soon the meat
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prices as the other thing. and this is where you're seeing a shortage and supply. there is plenty of meat itself, but meat packers are having one heck of a time. hiring staff and filling orders amid red hot demand, particularly from the restaurant industry and suddenly meet prices or jumping. even the bureau of labor statistics picked up on it with its cpi report for june. the price of uncooked ground beef for example, jumped by 3.4 percent in june from may. uncooked roast, jump by 5 percent and stake by 6 percent pork chops roast and ribs jump by 5 percent. so of course they lose control of their who donek adjustments, right? because ground beef of course is always the classic dominic adjustment for stake. sake prices are 6 percent. so people are just going to replace it with the ground beef and said ground beef is also a 3.4 percent. right. and then the trying to replace the ground beef with bugs, right. let me plug yes, yes. right, well now this is a definition of a classic ponzi scheme, and we have what are called
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a good part of these games. people would describe america social security system as a good ponzi scheme, right. the young people paying into it today are the ones who finance the retirements of the people retiring today. and that's essentially a ponzi scheme. right. you're living off the new money coming in, but it's called a good positive game because there's no buddy losing and told the pot of money in social security would run out then the whole thing would collapse. well, because we've got a situation now where the money and the social security scheme is running out and it is about to collapse, you're going to have a catastrophic event happening in america. safety net, as we say in social security. but as you're describing it in the supply chains and the basic underlying cause of inflation, it's a similar policies game. and people who are getting the stimulus jacks are participating. and upon the game, they're getting free money from the government to buy overpriced. me, as long as i free money keeps coming in on the policies game, then this parties game is a good parties. this is, of course,
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contingent on one major factor in the global geopolitical arena. and that is that china continues to finance america's economy as long as they continue to do that, all is great. but last i checked, there seems to be some acrimony between these 2 superpowers. maybe china won't be financing america's economy much longer. well, the nixon shock started $97.00. we're going to be covering that for the next 2 weeks here. you know, we, we have a situation whereby as these price prices increase, i think the money printing, we'll have to increase the stimulus checks, we'll have to increase. so we'll see how that goes, whether we're going to get more and more high inflation, super high inflation by double digit monthly inflation, like we had back in the seventy's. so that's something we're going to cover for the next 2 weeks, right? the many more of the shows will in fact be inflated. alright, don't go away. much more coming away. the,
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me. oh right now there are 2000000000 people who are overweight or obese. it's profitable to sell food that is 20 and sugary and the under the victim is not at the individual level. it's not individual willpower. and if we go on believing that will never change, that industry has been influencing very deeply. the medical and scientific establishment, ah, what's driving the mac? it's corporate. me the me welcome back to the kaiser report time,
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not to go to craig mt gf. battles report. craig, welcome back. we're good to see a max. we're talking about richard nixon mart of the previous president. so the united states, you know, back 50 years ago, a close the gold window and we entered a new era of a pure fee money standard it around the world. what yeah. what are your thoughts on this so far? well, i suspect you discuss the history of it. why? right? the world was washing dollars, rebuilding back from world war 2, and then the great society and everything else to johnson did. and all of a sudden, people wanted us, we'd like to go all the french in particular, wanted to switch their dollars back into go, you know, $35.00. now it's a goal. and that became untenable in the u. s. is losing all the reserves. and so what nixon do, we just suspended max? it's officially just suspended. right? the convert ability, you know i, the 1st thing that comes to mind is i remember
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a day just getting started doing this like about 9 or 10. and i was talking to a buddy of mine who i've been friends with since i was a teenager. and we were lamenting how it, how hard we work and how much money we made. yeah, we were still didn't have the lives that our fathers had. our parents, you know, my, my mom and dad in the seventy's. you, my dad maybe maybe a couple $1000.00 a month to my mom. did he make that as a teacher? but yet we had a nice house to belong to a country club. but all the 4 kids through college and you can never do that today . what got away from us beginning in the seventy's little you can trace all of the income inequality, all the wealth and equality, all this stuff that the politicians blame on each other and blame on you and i. you can treat this all back. yeah. what's interesting, craig, is that for 50 years, the world's been a money standard and there's been no hard money in existence. and then on the 50, if year or of this experiment, one little country in latin america, el salvador,
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as now buck the trend. and they've gone back to a hard money standard. they've introduced big point is as a legal tender. do you see that as being the spark to start a bonfire that will burn down the fee money, central banks, release the gus started firs, no doubt about it. what will happen one day and again, one day, what does that mean? what does the b r system exist on confidence, right? and god, that's what it back to the dollars gold. the 1st place to matter was to, to give everybody competence and you could trade it, hold it, you know, as you go to goal, it still exist on competence that is worth something, but eventually you print so much of that. there are a loses competence and that's when you get to the weimar style hyperinflation, right? you have no competence anymore. and it's just, you know, you demand more and more of it, you don't know where it's going and, and all thing finally blows up. and so how do you re still confidence in your currency so that people will use it and you get the economy moving you back and buy something. so it's always worked for centuries millennia. you make
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a good point there, craig, and that it's about confidence in the people to washington and at the central bank think it's all about policy and they don't understand that once the competence changes, there's no policy in the world is going to change people's panic. buying out of fear money into something that holds its value. now the, the f t, the financial times recently, road quote, let's all please stop calling dollars. free money currency or not names that only have value because government say they do your response. here it is again, competence. yeah, value because government saying it again, that works until it does it. it's like the old hemingway line, right? about how do you, how do you go broke slowly and then all at once. right. how did you lose confidence in your money structure suddenly and then all at once? you know, it leads me to another think, max, it's all part of the scam, if you will, is when, when you quote the dollar, you know,
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when you watch mainstream financial news and they say, oh, a dollar was stronger today. well, they're referring to the dollar index, and what's a dollar index? it's a basket of other and back currencies like the euro, and the pound, the yen, and, or you name it. and so when the dollar gets stronger, it's only relative to these other currency. they're all devaluing the same. and so when they all the value at the same rate relative to each other, they don't change. and that's all part of this kind of competency. they're run it yet. president joe biden recently came out and said that is the lowest package that he's introducing is that inflation. and the reason why he believes inflationary is because moody's, the rating agency that's owned in large part by warren buffett, who just had a subtle, a corruption charge involving his company and movies, told him that it wasn't inflationary. what is he getting wrong? everything, i mean, i guess i'll put this in that larger picture. i mean,
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whether it's the present united states, whether it's all the bankers, whether it's warren buffett, they all have an obvious interest in perpetuating the system as long as possible, right? we get us has to maintain demand for dollars if we're going to be able to continue to service all of this debt that we've, you know, build up 30 trillion dollars, you know, and everything else. so they're always going to go down that road. yeah, it's all part the government statistics. that's why they interstate inflation. that's why you get all the way to today would try dettori inflation and, and how the stat is trying to job bone yield curve control by convincing everybody that inflation is going to go away. it's all part of the spin cycle that everybody were the best interest in perpetuating the system supports and that's, that's fine that everybody else you just mentioned next, inflation is raging. the fed balance sheet is soaring and you have precious metals
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are flat. what's going on? getting, remember, how do we determine price in precious metals and how we determine price since 1975 . okay, this all goes back as a direct result of diction going off the gold standard to we just heard price, it is a derivative. this is where each ounce of actual physical metal is levered $100.00 times $200.00 times. i just saw the thing today. the volume of silver derivative traded in london is $270.00 times the amount of silver that's in mind every year. okay, so you're going to price it off a trading driven. that was always the great thing about big point, right? it was price off the actual exchange, a big coin. now, unfortunate, we have some derivatives that you know, the banks decide they want to make money off it by having derivatives, trying to control it. but that's the main thing, as long as you're going to price it off the trading and derivatives and the price is not determined by the metal. and the value of the metal is actually determined by the supply and demand derivative right now. there's not too much demand for the
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derivatives because the hedge funds, the institutions, the usual buyers of the co, common gold contracts and the allocated goal in london. they're buying this transitory nonsense to oh, why would i buy that? you know, real interest rates might be negative for present, but they're not going to stay there. the fed as a sure be they're going to go back down to, you know, event or, you know, plus positive real interest rate. so i don't want that goal that'll wear off to once people figure out that this will transitory nothing but a roof. there are some now there evidence involved in the big claim pricing. and fortunately, because people can take their private keys, they can't ultimately win, but not the same time yields on tenure, treasury of collapse and they stored and they collapse. you know, if you take the adjusted dollar amount and volunteer between the $200.00 trillion dollar bond market and they call it $700000000000.00 bitcoin market, they bond market is about 30 times more volatile the big one correct now. funny.
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but she against m x i keep having to draw this back to where we began, you know, the great people and i mean it great. in wiki leaks, you know, free a sosh. i mean, what i mean they, they have done more of support actual civil liberties in the 1st amendment in anybody else. and they on earth from december 9743 weeks before the u. s. citizen rebel own gold again, for the 1st time in 42 years and 3 weeks before the futures trading started. and those are not coin, that's not a coincidence. they began at the same time. they entered cables from the secretary of the treasury and in london, the treasury to barton london. every state in us, thanks. we will form the dealers. expect a sizable futures market that will make it so bought. all the people won't want to own it. and that's what they're trying to get, what they try to do to big going to convince everybody always. so while you don't want that, oh no, no, no. and the point you're making you stand tastic everything. the tenure treasury
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note matches the supposed to be the foundational bedrock investment for institutional investors and central banks around the world. it's now moving a 10 percent a day. how was that? some kind of foundational investment net at all? like all the big coin who's a $1000.00, gold news, one percent. this supposed to be risky involved. everything's risky. involved here is we get to the end of this monetary scheme, right? gas lighting? yeah. the financial maybe, unfortunately, is the pay to play and you can get them to say if you want, you throw a few quarters and they spit up the the lies. you know, the bloomberg had headline, gold traitors chad bragged about how easy it is to manipulate gold and silver prices. you know, this has been with us now for years. there is irrefutable evidence that's been shown to regulators about this very thing, right? scam and b, elation and the it comes down to spoofing. and i
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guess once again, love the reviews, both bank for those who still believe that these markets are freely traded. greg, the 1st thing people have to understand is i think they put it this way. the main guide is put in guidance so far as got a man, michael know back, who was the head of precious metals training for j. p. morgan. but he was also on the board of the l. b n. a in london. ok, that's right there. explain to you how this stuff is hand in glove. the physical market which most of it is an allocated metal is in london. but the bank that's her bank chapter flow gold and silver to around the planet. well, they know where the bids are. ok, they and again the price is set not by spot, but by futures. and so they work hand in glove with their trading desk in new york to massage the co max price, the futures price, so the orders don't get here or get canceled. the physical side, that's how all these pieces fit together. max,
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people think it's just some road traders. it will maybe sometimes just do that, not their bonus for. but this is all part of the process of managing the price by these banks. and it continues to this day to think that some binds have been paid. what a j. p. morgan by 900. $20000000.00 where their precious metals boy and banking business make last year a 1000000000. just a slap on the rest is still continues and i give you one more thing. next it back in the day when we 1st when i was just getting started, the males report, we are in the, you know, silver spiking in the y silver crash, j. p. morgan, i had a guy, e mail, me anonymously and, and then he was credible enough that i always put some stock in it. and he said he was a former bear stearns trader in it. and he just had a whole bunch of things the list out to don't ever tell anybody. i said there's whatever it's 12 years later. he said listen, i read your site. there are all kinds of people that, that you mention, and that your readers mention that they respect in the gold industry that are
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plants name names and i'm not going to name names, but they are controlled opposition. they are put out there to support a narrative that just kind of forces everybody to look away. make sure you know it's not manipulated. fremont, what are you wasting? how can you say that? well, the sky is not blue max, no, no, it's red where i can see it in its blue there. so i was falling back on the position. maybe that guys. right. right. it's all basically propaganda. and to play the price as governor is non existent. we got to go. craig, thanks so much for being on kaiser report. who is the best to visit with you max? take care. all right, that's going to do it for this edition of kaiser report with may max guys or stacy herbert want to thank our gas tre, campy, gf metals report dot com until next time by the me. ah,
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ah, the news, much of history is about patterns that are ebbs and flows of political passions. most of the time these passions are negotiated through compromise. other times there is a people violence and even separation. the idea of succession today is not far fetched. we are witnessing of cultural succession and separation couldn't go even further. ah, with me ah,
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ah, i use the bus, the one business. sure you can't afford to miss. i'm rachel. and i've read the board watch coming up. was chinese stock. they're trading down as the nation government continue to crack down on business, will discuss the ongoing uncertainty. meanwhile, the united states has seen its trade deficit expand by record numbers in june. we
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bring you the figure that what's behind the growing imbalance that the federal reserve wraps up its latest meeting. we'll discuss how the uptick in both cases and inflation are playing a role in the central bank policy. we have a tax show today suicide, right? and we begin the program with huge news and chinese market as a sell off led by tex docs continues to impact the chinese view on and hong kong dollar. in fact, those 2 currencies slit on tuesday to lowe's, not seen since april. so what is causing this regulatory fears or spreading to other parts of the chinese market after beijing stepped up restrictions on his education sector late last week and continued the crackdown on its internet companies. so joining us now to break all of this down for us as boom bus co host an investigative journalist button swan. now ben, let's start with this so often currencies just how bad is it? yeah, it's.

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