tv Keiser Report RT July 29, 2021 10:30am-11:01am EDT
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 reporting been doing for the past 10 years. it's kind of cataloging the results and the consequences of this were researching the experiment. 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 arrow where value a standard of value became almost impossible to acknowledge or maintain. the other thing it led to was that previous to the central banks were somewhat autonomous and obliged to 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. shocking for the past 4050 years of deregulation. we've seen collusion as knowing prince rice in her book. com collusion. and this is about our central banks now work in concert with the same expansions, policies and so the same problems are now being experience 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 this is the headline from wolf, st 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 cost. 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, early eighties of paul walker, who was running 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 genes to form some resistance or to create some scarcity. we have had since paul walker and the age of margaret thatcher and ronald reagan in the area of deregulation. this runaway derivative growth that has created what's called the shadow banking system is not accountable to anybody. and it periodically, you'll have crashes. and that's the way the resistance comes in. whether it's the 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 mass 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 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 any more. there's no more head donek adjustments and people start to realize it, and it's happening on a global basis, which leads to the famous sprays uttered here on this show by max and stacy global insurrection against banker occupation. it's not global, it's now 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 that. now we have no resistance. so where are. 5 we from that point of view,
because back then the boomers are born and raised an a time of wealth creation rising wages, real wages, rising real wealth, manufacturing power house. and now we have a generation that was not raised on that sort of economic model was not raised on a gold standard. they were raised or more, 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 trump 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. you know, right. you may, zinc, there they were, the company behind farmville,
farm. the bill was one of the early applications or games available on facebook and 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 another currency 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 pure yard form, going back to $971.00 august 15th. what we're going to see is a collapse. so there's 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, so 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 next and shock happens 197150 years later today we're having another supply sha,
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 renew 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, the fast food chains, even having to pass on huge costs to their consumers. there was a recent call a 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. the. 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 very soon, the meet prices, 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 demands, 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 unquote 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 her 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 phone. yes, yes. right, well now this is a definition of a classic ponzi scheme and we have what are called a good policy games. people would describe a because social security system is
a good policies game. right. the young people paying into today are the ones who finance the retirements of the people retiring today. and that's essentially a ponzi scheme right here. 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 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 policy game is a good parties game. this is of course, contingent on one major factor in the global geo political 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 it for the next 2 weeks here. you know, we, we have a situation whereby as these price prices increase, i think the money printing will 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. all right, don't go away much more coming away. the, me, i
don't mention in the slick presentations. however, the ghost workers who train with software human, they're involved in every step of the process when you're using anything online. but we're solve this miracle of automation behind your screen. it's a valuable workforce. the scenes algorithm is for next to nothing on a very good day. i could do 5 hours now. a really bad day. i could do 10 use workers or movable by design. it's about labor costs, but it's also about creating layers of watson in responsibility between those who solicit the kind of work and need it, and those who do it. oh right now, there are 2000000000 people who are overweight or obese. it's possible to sell food that he's 20 and sugary and faulty and addicted not at the individual
level. it's not individual willpower. and if we go on believing that ever change, that industry has been influencing very deeply. the medical and scientific establishment, ah, what's driving the reason for them? it, it's corporate. mm. the me welcome back to the kaiser report time now to go to craig mt tf battles report. craig, welcome back. we're good to see a max. we're talking about richard nixon mart of the previous president of the united states, you know, back 50 years ago, a close the gold window and we entered a new era of a pure a fee money standard 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 to switch to gall, 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 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 had, you know, my, my mom and dad and saturdays. 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, put all the 4 kids through college. and you can never do that today. what got away from us getting in the seventy's little you can trace all of the income inequality, all the wealth, any quality, 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 or the world's been out of 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 has 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 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 this is a, b, r, just exist on confidence, right?
and, god, that's what it back to the dollars gold, the 1st place to matter war to, to give everybody competence. you could trade it, hold it, you know, as you go to goal, it still exists 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 the whole 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 a good point there, craig, and that it's about confidence in the people to washington and at the central banks 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. they have value because government said it again that works until it doesn't. it's like the old hemingway line, right? about how do you, how do you go broke and 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 thing back. it's all part of the scam, if you will, is when, when you quote the dollar, you know, when you watch mainstream financial news and they say, oh, a dollar was stronger today. well, they're referring to the dollar index. it was 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 way. 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 competence scheme. they're run it yet. president joe biden recently came out and said that is stimulus 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, whether it's the present or not stage, whether it's all the bankers, whether it's warren buffet, they all have an obvious interest in perpetuating a system as long as possible. right? because 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. and so they're always going to go down that road. it's all part of the government statistics. that's why they interstate inflation. that's why you get all the way to today. we're transitory 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 in as raging feds balance sheet is soaring. and you know, precious metals 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 dixon going off the gold standard to we just heard price, it is hurting a derivative. this is where each ounce of actual physical metal is levered $100.00 times $200.00 times. i just saw thing today. the volume of silver derivative traded
in london is $270.00 times the amount of silver that's mind every year. ok, so you're going to price it off a trading driven. that was always the great thing about big coin. right? it was price off the actual exchange, a big point. 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 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. and right now, there's not too much demand for the derivatives because the hedge funds, the institutions, the usual buyers of the co co, my gold contracts, and the allocated golden 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 should be, they're going to go back down to, you know, even 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 has 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 have collapsed and they stored and they collapse. you know, if you take the adjusted dollar amount involved here 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, but she again max, i keep having to draw this back to where we began. you know, the great people and i mean it great. and wiki leaks, you know, free a sosh. i mean, what i mean they, they have done more to 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 golding in for the 1st time and 42 years and 3 weeks before the futures trading started. and those are not coined. 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. certainly said usa, 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 do, what they try to do to big point to convince everybody always. so while you don't want that, oh no, no, no. and the point you're making a static everything, but the tenure treasury note matches the supposed to be the foundational bedrock investment for institutional investors and central banks around the world. it's now moving 8 and 10 percent a day. how is that some kind of foundational investment in all that, all the big coin who's a $1000.00, gold, lose 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 mainstream financial media unfortunately is 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 headlined 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 be lation. and the it comes down to spoofing, and i 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's the head of precious metals training for j. p. morgan, but he's also on the board of the l. b. m 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 have to 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. orders get cancelled. the physical side, that's how all these pieces fit together. max, people think it's just some road traders were maybe sometimes just of 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 fines have been paid. what a j. p. morgan by $920000000.00 where their precious metals boy and banking business make last year a 1000000000. just a slap on the wrist is still continues and i give you one more thing, max,
back in the day when we 1st met, when i was just getting started, the males report, we are in the silver spiking and the y, a 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 now to don't ever tell anybody. i said there's, well, 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 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 to make sure y'all know it's not manipulated. fremont, what when you say that while the sky is not blue max? no, no, it's red way. i can see it. it is 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 discoveries non existent. we got to go. craig, thanks so much for being our guys 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 re max guys or stacy herbert want to thank our gas, craig campy, gf metals report dot com until next time by the me. ah, me ah, the loan when i would show the wrong one, i'll just don't the rules. yes to see out the thing
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