to my name is my $2000.00 stimulus check if i loose you know $2000000000.00 it's not my problem with robin hood's or whoever their prime broker is or you know they're that side and they only have that $2000.00 which is the other side of the hedge funds are also. so despite being sophisticated they're also facing unlimited losses say for example with their game stop thing until regulators obviously will intervene on their behalf but the fact is like they'll lose they'll go from like having 44000000 dollar homes that they're buying on the mahameed beachfront as is the case with the guy from melvin capital to having just waiting for a $2000.00 stimulus check that's the drop that they'll take but the only way to losses will ultimately be paid by the regulators the taxpayers that the banks like the whole system right the more losses they create the more stimulus is going to be printed so you increase the war chest of the wall street bets crowd to make more bets against the hedge funds to increase their profits you know you talk about the funny name some of these wall street best people have onl

and you do see that interesting, really speculative praise like the kids on robin hood and taking on you know, game stop. and then amc has been going bizarre over the past week. so this could be a very interesting summer, it could be like back in the days of the sixties and seventies in terms of how unusual things might get right back on the 6 days people used to burn their draft cards in response to the vietnam war. and the sad tragedy of a state gone mad here there on robin, a trading mean stocks, the equivalent, it's a protest to protest against the state gone crazy. and the ultimate protest is bitcoin and is available globally. i read a funny thing on twitter where somebody said, imagine having spent like $200000.00 on an m b a from some top business school, only to see all your analysis and how you look at the, you know, the balance sheet of any corporation you're thinking of investing in when mean stocks that just out perform you what we call this a couple of years ago we started referring to the bermuda triangle of finance because of the interest rates are 0, then there is no

sell so we saw the same inklings of that that was presented as you know the private companies like robin saying you could only sell game stop or amc or these other shares but there might be a day if this catches on if there is any you know if all the short squeezes attacks do work that the regulators say that you can only sell you know a certain share and it'll be interesting to see if it ever gets to that point it will get to that point because it always does with the hunt brothers they had to increase margin requirements for example we see that all the time of the commodities market because commodity cornering in the market of commodities happens quite frequently we have choco finger a couple years ago trying to be corner the chocolate the cocoa market the hunt brothers crashed j.p. morgan by silver was it responded from the regulators expanding jape. morgan's ability just sell short sober and to sell short make it's over komisarek so they've stepped in and they re architected the market remember when it comes to financial markets in the 21st century there are no laws are no regulation

and the sad tragedy of a state gone mad as their own robin, a trading mean stocks, the equivalent it's a protest to protest against the state gone crazy. and the ultimate protest is bitcoin and is available globally. i read a funny thing on twitter where somebody said, imagine having spent like $200000.00 on an m b a from some top business school, only to see all your analysis and how you look at the you know, the balance sheet of any corporation you're thinking of investing and when mean stocks that just out perform you? well, we call this a couple of years ago. we started referring to the bermuda triangle of finance because of the interest rates are 0, then there is no gage there is now radar. there is no way to determine teacher cash flows and apply any kind of a discount, right? because your price of money is 0 in some cases down negative. so that leads to mean stocks that leads to swarms of robin hood. traders like murmur, ations of starlings in the sky. simply moving in and out of name the willy nilly without any rhyme or reason. and bad, a post modern post capitalist society, an

that's because wall street bad and read it. traders moved in to the online trading apps like robin hood and they swarmed in and through economy of scale, they attacked the hedge funds and a fact the establishment. it was kind of a continuation of occupy wall street. so you're saying is that was to joe. she says jamie to tell she's a micro payments and the payments are as little as a fraction of a penny, right. she has the fraction of a fraction of a penny. but on mass the economy, the scale global people can zoom in or swarm in. what i think of a metaphor, murmur, ations, you know, the starlings in the sky, they go through those reparations. yes. when they're moving in these pattern, dooley, sure. which way they're going. but on mass they create something and that can apply to the relationship between the content creator and the content consumer. you're getting rid of so many people in the middle. right? well, that's the beauty of it. because even at a basic level, you as an individual can make an r s s feed, which is just a text file. basically, you can put it on a server and you're go

well, nato has gotten philip into a robin lovitz because they, they've made all these pledges. they've essentially gradually step by step, turning nato into a de facto member on nato. and they are now granted major that is a graduate putting your, getting yourself into the position that the soviet union going itself into during the cuban missile crisis is, is something that the russians have repeated again and again, which is that at some point of russia will say that we will act unilaterally to secure our interest if that means a confrontation with nato forces station in ukraine. so be it. but there's nothing really you can do about it and it will be the same as it crush of in $100.00. 62 and started making legalistic arguments. the kennedy well yes, but these miss all of that to defend you, but it's not aggressive. and cuba as a sovereign country and to become that you don't have any massage that he wants to lead americans and know listening to these arguments of rushes. also say no, we don't listen to the stupid arguments. we will do whatever we need to do to secure our inte

for it so you know i was an office trader on wall street for many arest and when i look at a map like robin hood where they allow customers not having any form of cit ability requirement whatsoever simply check a box and now they can trade any option the strategy they want is that so that be allowed rick when you start examining issues of suitability you've got this amazing market right now in private equity capital and and all kinds of his fund activity and if you were to scrutinize all of their customers i think a lot of people who check boxes wouldn't qualify so it's opening a can of worms and and there's some there's some areas where you can say yes it's just not right it's a should happen but we're too far to win too deep really to do anything about it yesterday on options here you know the leader of soft bank in japan that's the way it's described in really want to get your input on this is that he was basically using options to manipulate his part fawley of stocks higher by buying basically out of the money calls doing some off a strategy is 1st of all is that does that work as a str

bubble and as a result of all this money printing transfer payments and ease of access through apps like robin hood and others you've got folks who are getting money from the government and going right into stock market speculation and buying options and going on margin and the margin pool has never been higher not even before the crash of 1929 did you see as much margin on a percent basis then you do right now is the highest percent based margin few old stock market ever in history and again that is a function of a bubble within a collapsing system when those bubble star bursting pop pop pop pop then you have. a recipe for a global conflict sadly because there will be no way for one country just survive without taking the resources of another country well we see that in this final headline here from bloomberg and terms of you know great depression sort of times and blizzard dreams of of negative rates of negative oil prices and and crazy stock signals price signals and stuff like that well we've always had a beggar thy neighbor everybody every nation of course tries to survive the best they c

campaign to follow up on their squeeze game stop campaign there's a whole new movement out there with robin hood trainers day trainers as ernie greater likelihood that there is a mass movement that could squeeze the sharks in the summer this time and bust up kind of the only car play that keep prices low this time thank mark 1st of all super is this is this is really a small market obviously it's a much bigger market than gainst game stop the present terms of the big yes attests it is a very small market and the bullion banks to play a major role in that markets more than through i could buy out this whole movement was i think that was a big p r. 44 super as an investment because a lot of these younger people were not really aware that the book could be an interesting investment generally so people started to ready to to inform them so. what actually are the properties of super and they 'd messed them cases so. in and of itself in my view at least has a very strong investment case for the next decade. so a lot of people may have realized that when they 1st 'd stumbled over the super misspen

that was his vice for robin hood. and that was his name. he wasn't wearing a mask. i think that there is some things that possibly dies back to those the who called clown intervention in both of the nation. the idea of dressing up in a mask. so that what you do doesn't get back to you. it's a form of evasion. um so, but i can completely understand it in the context of the modern protest movements. but what about the context of the, of the internet right now? i mean, it's like a free, accessible way, and it's sort of the replacement of the mask. you get to be the freaks that you want to be. we want to really knowing who you are on the thing are best dollars. it is a very bad thing. annoyed more friends, the author jarrett come back, he was pointing out the song, yet anonymity on the internet. the allows all of these trolls and much worse. so to invite everybody's lloyd's that wasn't a glitch. that was a feature that the people who does owens the internet is owens, are in as a feature. it wasn't a mistake and enabled the very worst element so, so as he to spread their

talked about before, as well as campaigning for digital integrity of the human person electron welcome robin. thank you very much for having me here. yeah, i've been following you work for a while. it's fantastic. so for those who are not up to speed yet describe digital integrity of the human person, let's get what's going on. what does it mean? actually we already have a right for physical integrity and mental integrity. meaning that's like the state cannot like shop your arm because they want you. and now i'm advocating that data is actually part of your, your self and you have a digital integrity that society should also respect and protect, making sure that you are guarantee that you can say free and autonomous because your digital self is about being a thomas on line, so if i get an app, let's say it's tracking my heartbeat and my breathing and things i've, the states are that are me that i should have some, some dominion over that data. yeah, exactly. well the, the 1st thing up with did the right to do the integrity is about the stage and the data. so the stage and what's the value of

robin gabby definitely was supportive of the project. we started there. and there's so many smart, brilliant engineers in zimbabwe. i'm sure that they're going to continue to grow. right? well, we're entering into a period of individual sovereignty, where instead of countries that dictating what the terms are to live in those countries, countries well offer various services to pick winners and big corners will be free to go wherever they get traded the best. so it could be simple, i way it could be china, it could be america, could be russia, could be all salvador, but countries are going to end up being what they should be. service providers and i think provide a good service then, you know, people will move there and maybe pay your taxes, but if they don't, then people won't live. there were weren't control. now. saint clair here here. yes sir. and i think that sovereignty of the individual is, is that spirit that we see so often it's, it's biological is not political, we are born that way. so again, i think big coin connects to that essence. and you kn

the last elections in germany produced robin paradoxical results. and i think historically lowest showing what america christian democrats and some of the best results for her rivals, both the social democrats and the means. as far as you are concerned, is.

is what the law suggest is required in this case is overwhelmed by an avalanche of day traders and robin hood traders and cheap money and goes directly to the doorstep of the federal reserve bank and other central banks around the world that have allowed this to happen now up until $971.00 there were 2 ways you could anchor a market now would be either making a reference to gold or making a reference to interest rates now starting in 1971 the gold was taken off the table no more reference to gold in the currency markets and therefore no more reference to gold in any market it was all fear referring to other fear. relying on the u.s. and the u.s. dollar to be the ultimate reference currency however and leaving interest rates to be our interest rate differentials to be the anchor that is hurting the under lying foundation of these global markets but starting with 0 percent interest rates that got down to 0 under bernanke. and have gone negative under janet yellen there is no anchor whatsoever for pricing any of these markets at all so it's purely what i call the murmur ations the starlings

do anything $100.00 snow on the outside you've got him comes to buying and selling this thing with robin hood really showed that it's interesting to have portnoy from barstool sports you know for the 1st year or so of lockdown he was celebrating his day trading games and screaming out stocks only go up now today's match and he's taken almost a $1000000.00 last because of these name stocks seem to all go down so there's an education here there's a learning curve in terms of what's going on with the stock market and as we know in the gold and silver market it's not so much supply and demand it's who's making the markets it's who's in charge of the specialists that are reporting prices right now in the summer market the physical sober is quoted at a price above the paper market but this is been the story all going all the way back to the gold antitrust action committee now almost 20 years ago is reporting on this real hard evidence the smoking gun evidence that they have regulators including the c f t c showing massive manipulation of him. these markets but so far no action mike yeah well y

nothing more than kickbacks legalized kickbacks one of the contributors was citadel you know student del robin-hood. so all of these banks put you know into his position yellen is there for the banks for the corporations not for the people and her policy has created the greatest wealth and bali gap in history and in midst economic mess that we're in that's going to cause the biggest financial crisis and disaster to come so this is the corporations that have taken over the we have no politicians they've all sold out now be the social media companies such as facebook twitter jack dorsey has sold themselves to china all of them are or are a big problem because they sit and stew the truth and the thought police are out there you can't even write the truce on that if it disagrees with the narrative or the scripted. story that the politicians want to get across the politicians or the pocket of china so unless you're on on line with them and spout their narrative you will be dismissed from the public discourse in totality yes let's talk for a moment about japan right. we've known each other for many error

finally set the rocket on fire you know and any get some retail push to max you know some of these robin hood people stuff like that you know piling into some of the junior miners and explorers and it could be very exciting that's what we saw at the end of the last you know real big period of negative interest negative real interest rates bull market in the seventy's some of those mining shares easy went from $0.50 to $50.00 so those days may be coming again but the meantime yeah you get some institutions finally involved that will kind of just set the ball rolling for now and you're right tremendously undervalued for the amount of cash flow they're creating and and what their earnings per share are they what's the discount code for your website seeing how it's january 2021 people might want to get involved max thank you yeah you know we've done this before for everybody i mean there's couldn't be a better time obviously than right now to start paying attention to metals again my sites only $15.00 a month but sometimes we can run a 50 percent. coupon just you know cut the cost in half in

are the most leverage possible thing you can possibly trade and this is a common trade now for the robin hood crowd and elsewhere and you know as far as the y. more republican hyperinflation goes i mean this is a crack up boom this is a minsky moment this is what's been predicted by austrian economics this is exactly what you'd expect when you throw all the laws of economics out the window and you just kowtow to the geese quacking for more money where we want more free money and to speculate as and they and they're just avoiding the dollar like the plague as they should but you know this doesn't end well you know it's never ended well throughout history i mean we covered that back in 20082009 during the beginning of the financial crisis one margin debt was down here and the best performing stock market was in bob way and they were printing money they would jump to the trillions of dollars that this way dollar so they were performing their stock market was also performing very well but in terms of how bad it gets because you know that kind of puts the fed and the treasury into a bind beca

and now every robin hood trader, like everybody throughout the economy, believes that the fed has their back. so it started. he said in when u. s. g b p in 1994 was 4 percent. unemployment was 5 and a half percent, and inflation. 2.7 percent greenspan hyped rates by 25 basis points to 3.25 percent, and february of 990 for employment gains had been on a tear. and yet somehow no one expected the rate hike naturally. he hadn't pre signaled a change. he says, naturally, he hadn't pre signal because this was green spans, bang, his godly, google famous sped speak. nobody understood what he meant. he never signaled anything like is now standard for the life pow jaelyn and bernacki. they tell you in 3 months we're going to do this like they're always signaling, while greenspan didn't. so naturally, he hadn't signaled a change. the bond market collapsed. most people don't think bond markets can crash, but that's only because they haven't traded long enough to live through one, like all crashes, that one happened for all sorts of complex reasons. but the biggest was that the system was highly lev

of trick all these ordinary jo bagget donuts with their free stimulus checks said go into like the robin hood apps and, and trade microshare, right. you could buy a dollars worth of apple stock for example, because the numbers too big, but you can buy $1.00 and pop up their whole system. well here. what, how these agencies kind of, um, get consensus for their continued rule is the law of big numbers is like $6000000000.00 as you know is and we could solve world food hunger and am at the same time, part of the reason why we have food hunger is because of so much money printing driving up the cost of the, you know, food prices. so food prices are going up because of all the money printing, just like they did after the 20082000 life financial crisis. food prices went up because of all the money printing and their system that they commanded control the economic collapse, the boom and bust cycle that they keep on pumping and pumping and pumping. now we have a similar thing, thing of a, a collapse and supply because of the same system. these guys say that they are command and control it. right

and it would reduce tribute wealth and income from the wealthy to the pool so it's what i'd call a robin hood currency and therefore has buckley's shantz of actually happening is there a comparison to be made between rationing carbon credits and rationing fee out money . no the resistance you want you you don't you you know how much we got a global car a common budget we know what that is we count we if we exceeded catastrophe follows that's very different to what the a concert which is a western robbery in calls to chesterfield but not it doesn't wipe out planetary systems as we're doing with koppen ok steve k. thanks so much thanks for bring on kaiser report thank you indeed max and that's going to do it for this edition of kaiser report with me max kaiser likes i guess steve came now you can find steve keen on page 3 on dot com forward slash prof steve keen the next time. join me every thursday on the alex salmond show and i'll be speaking to guest of the world of politics school business i'm show business i'll see you then. and then as that happens the usual. but you have australian

my old robin is ophelia amended to this day. mothers still search for grown children, while adults look in hope for their birth parents. ah, hi, i bax kaiser. this is the kaiser report. you know, fax or a fax and some times there just easy to see and sometimes they're not. hello, i'm max kaiser stacy right. the fact is, this episode is going to be amazing, right? because 1st, i do want to call attention to some information that came out in the past week. we haven't had a chance to cover until now, but it's really important and it fits with basically our coverage for the past 10 years. but especially the past few years as we are in this money printing money, printer go borrow error and the wealth and income gap is causing. and you could see that in the federal reserves own data. and we keep track of this every quarter or 2 quarters. whenever they are publishing the information with a real shocker. so ouch, america's middle class now holds a smaller share of u. s. wealth than the top one percent middle class financial security has eroded and past decades saw their combined assets drop to

and hertz, of course, went bankrupt in 2020 until robin hood day, traders rescued it. and they are engaged in a huge stock buyback. now less than a 2 years after they nearly went bankrupt. max, when you worked on wall street, this sort of thing never happened, but also, you know, we just discussed that the president has had, okay, i'm here to sign into law that we're raising the debt limit because we always pay our debts. i mean, this is the same sort of thing ever. it's, it's, it's debt roll over all the way down. you know, everywhere you look it's, it's plunder. it's the, it's a private equity model of just swapping debt for a bankrupt entity. and you keep on loading of already bankrupt entity with more and more debt until you just crush the company. and that's where like loads of a big, big companies that survived hundreds of years in america. got crushed by the private equity model where they had a whole bunch of debt loaded up on them and then it all collapsed. right. it should be noted that we also see the us dollar going up at the same time and other currencies