tv Keiser Report RT June 9, 2019 12:00am-12:31am EDT
you are who. you are. a glimpse into wiki leaks founder julian assange life in a high security prison in london our video agency ruptly has exclusive footage. the international monetary fund admits mistakes were made when trying to resuscitate argentina's economy failed to tackle the country's underlying problems . the new york times had backtracked on its reporting on the poisoning case in the u.k. for almost 2 months the paper failed to correct an article about disturbing pictures showing the president trump supposedly capturing the aftermath of the
nerve agent attack. review of the most important stories 7 days but 1st it is time for the news report stay with us. skies are this is the cars are in for at the show you stay up all night to watch in camp believe your so for some of us to see such great t.v. programming stacey you know i want to follow up on that theme of the weaponization of trade because this is part of what i think is the imperial rot it's not unusual as we've mentioned before it goes on throughout history as an empire falls apart thanks a lot to do with hubris and we see that with you know the chlorinated chicken trade
we see that with our healthcare system here we see that with the dilapidation of our big cities like san francisco and los angeles we see that with the boeing and there are nonstop catastrophes unfolding that's all part of hubris and bullying and just we're no longer associated much with quality and a lot of it has to do with hubris right as i said it's it's that we have so much power and we've weaponized trade and we've weaponized the dollar and here is the headline china is playing the long game says charles gave there's an old saying a wise man points to the moon and the idiot looks at the finger says charles gave founding partner in chairman of gave cow research tariffs soybeans and rare earth metals steel the headlines when it comes to u.s. china trade tensions but these are just tools or weapons of warfare and a much larger battle over money and sovereignty and china is playing a long game he said in particular he he points out the u.s.
dollar has been weaponized and china is really playing the long game by accumulating gold by creating their own futures markets by prepping for this and a very quiet way this is an interesting historical moment the rise of china is here in our own. now we have a standoff so it's going to be interesting to see how the u.s. response and how the u.s. population responds if they're staring at the moon or staring at the finger or giving the moon the finger you know that's interesting to see how the u.s. response you know the u.s. is a plucky group of rugged individualists that have come through tough times before and will see what resources can be pulled. well that's true. we have pulled through other stuff in the past in crazy periods in civil war isn't and mass the salem witch trials and we you know the mccarthy era and it seems a little bit like that right now that there is hysteria in the elite class because
they don't know how to deal with what's going on in the world in the meantime the u.s. dollar serves as the world's reserve currency and is used for pricing in trade by a majority of nations around the globe however americans have just decided to weaponize the dollar gave stated making any transactions between 2 nations susceptible to u.s. action or scrutiny this is a big loss of sovereignty for other nations he said and china's taking the lead in forming an alternative trading currency to the dollar we've talked to alison mccleod here and i think that he's right that it doesn't matter about the currency this guy charles gave actually looks set for example that you know that china's trying to price the oil and remember and that is not what matters what matters is settlement of the trade where the settlement to the trade happens and as brad sherman the congressman from los angeles points out is that the all trade settles to the new york fed and that is important it doesn't matter what currency it is the
fact that it settles for new york fed is where our control comes from so the china has a long way to go to have a trusted settlement system and perhaps gold will provide more trusted right now as i mentioned in an earlier show you know we've seen this before in the eighty's with the rise of japan and the us had a response they rejiggered the global currency markets at the plaza accord this was reagan in robert rubin the same people that gave us the plunge protection team after the crash of 1970 so china doesn't seem to be wanting to play that game though so they're going to have to come up with some other strategy and at the moment none appear on the floor arisan something is got to give either of us except . 2nd class citizens in the global economy or they make some kind of dramatic move the u.s. could seize all the gold that they are holding on behalf of many nations and be the 1st to declare reste restoration of the gold standard because of course you know nixon promised that it was only temporary that would. then follow richard nixon on
twitter and. i think if i'm reading the tealeaves correctly i think that's an interesting idea i think that could happen. but so we'll see what happens there during the 2008 financial crisis we saw in russia with medvedev member he held up the gold coin at the same time china was suggesting that they would prefer something like a bank or which is a basket of commodities and currencies but again you still have the underlying if you use fiat's currencies there is the distrust that goes with it as we've pointed out but here's another story that talks about this imperial rot and the hubris of the elite who they lose touch with them and the vast majority of the population and you know they use the weaponization of trade they use the weaponization of their free out currency for their own benefit a very small group of elite and this is in baltimore and beyond a stolen n.s.a.
tool wreaks havoc for nearly 3 weeks baltimore struggled with the cyber attack by digital extortionists that has frozen thousands of computers shut down disrupted real estate sales water bills health alerts and many other services but here is what frustrated city employees and residents do not know a key component of the malware that cyber criminals used in the attack was developed at taxpayer expense a short drive down the baltimore washington parkway at the national security agency according to security experts briefed on this case so this is a parent with in 2017 the n.s.a. lost control of one of their weapons their digital weapons called eternal. lou and it was a weapon that basically they weaponized a flaw in of course microsoft a microsoft product and they didn't tell anybody about it but this weapon this eternal blue weapon was either stolen or released by
a disgruntled employee the n.s.a. still doesn't know how it got released but it's wreaking havoc to the tune of tens of millions billions of dollars across the world but it's now on domestic soil it's just mind boggling story and the malware that is the weapons grade and developed by intelligence agencies gets out there in the open and is used for a malevolent you know we often fear that the presence of suitcase atomic weapons you know what havoc that could bring and meanwhile we actually have this suitcase portable all thumb drive version of n.s.a. corruptions. malware that is in the open that is causing havoc so it was released on april 2017 by a group called the shadow brokers again the n.s.a. doesn't know if it's some foreign power group of hackers or they're on their own disgruntled employees so there could be somebody still in the n.s.a.
or whoever has this is releasing this stuff since that leak foreign intelligence agencies and rogue actors have used to spread malware that has paralyzed hospitals airports rail and shipping operators a.t.m. some factories that produce critical vaccines now the tools hitting the united states where it is most vulnerable and local governments with aging digital infrastructure and fewer resources to defend themselves so a lot of these local governments of course. or states they're near bankrupt after all these years is 0 percent interest rates where they have to pay off all these pensioners and retirees from state employees and local government and they are not earning their return so they have to spend more of their reserves but anyway they have old computer systems with old microsoft products on it that have they have not patched it because a cost money to patch and to protect yourself from this turn all blue so it's now
costing tens of millions of dollars across america so i don't know if you know this is basically an investigative piece from the new york times so i don't know what's the follow up what's being done about this how how we're going to stop this like basically you know all these all these they just need to patch it but i don't know if they have the funds the patches or the know how to patch it because you know there's the thing of doing the patch but also you have to hire the computer experts to be able to do this across your systems i think there's going to be a big demand for old cars and old homes that were built before all this electronics homes now have all the smart systems for all the coal in the locks are all tied to it cars are all electrified electronically engaging they're connected to the infrastructure of the internet so that some of these old houses and old cars that are off grid completely in junkyards right now you know those prices are going to start going up because people to they don't want to be connected to the malware they have to get in 1956 chevy or move into
a house that was built 30 or 40 years ago actually i'm going to cut through a little photo here max's new car see this is a 924 model i'm not saving enough chances on going back to the model t. because i know henry ford didn't put in any malware in that car no and of course when google cloud went down just a this earlier this week or last weekend. people were cut off from their nest their control system so they're boiling and in the heat of course this is also in the context of this battle with huawei crossing billions more. and yet the reason why we're battling qual a is that we're afraid they're going to put a back door in it but here the n.s.a. is releasing malware it's leaking all over the place apparently they don't know if it's a disgruntled employee or not. but a back door into my wigwam. i know how to defeat these people so before at least 6 eternal blue is one of the most useful exploits in the n.s.a. cyber arsenal according to the 3 former n.s.a. operations spoke on the condition of anonymity analysts spent almost
a year finding a flaw in microsoft's software and writing the code to target it initially they referred to it as a turn a blue screen because it often crashed computers a risk that would tip off their targets but when it went on to become a reliable till used in countless counterintelligence and counterterrorism measures now the u.s. by the way won't sign a global agreement that other nations want to sign saying that if you find a flaw like this if you find a critical flaw in the software use widely around the world like microsoft that you're supposed to tell that the company microsoft instead of weaponize ing it but we haven't signed on to it and this is the result well it sounds like a nightmare speaking of nightmares this nightmare of the 1st half about to end because we're going to the 2nd half of all beautiful and shangri-la like with the brilliant guest constantine who's like a frickin genius don't go away stay right there more to come.
you know world big partisan movies. and conspiracy it's time to wait to dig deeper to get the stories that mainstream media refuses to tell more than ever we need to be smarter we need to stop slamming the door on the shouting past each other it's time for critical thinking it's time to fight for the middle for the truth the time is now we're watching closely watching the hawks. get up off the ground the officer began to pet him down. and then place on the sounds of kind of fighting into the grown man like wrestling essentially the
officer who. drew his own. individual twisted away from the officer pulling the toys out of his crib. the obvious or did they kind of lunge for the weapon once missed and then what happened on tree swung at the officers hands didn't hit him i never saw any contact between the 2 any kind of went back to where they were so the officers back here there try again 15 feet apart at this point and that's when the officer pulled out his gun and aimed it on tree. welcome back to the kaiser report imax kaiser's caught that i got to part 2 of our conversation with cosseting concertino welcome back to the smarts cause attain a par why we were thought of a macro scenario and by the way are over there at your new venture there macro
view dot edu highly recommend people check it out now we're talking about the big picture macro economics trade wars tariffs and tromped all this stuff now during this period without interesting emergence of huawei chinese 5 g. telecom company that is definitely rattling people's cages and causing all kinds of hand-wringing and consternation around there tell us a little bit about what's going on there constant thing well as far as my understanding news there is an issue of the supply of art where from go quietly which is question in terms of its but then shal ecuador's and oxygen and security are us and china. are where all the actual data flowing through the system where the specials the. communications the sun's on it seems to me that that is and you shouldn't use that in a sense of well the sense that from the geopolitical or the e.u. and. so economics matter it's clear to me that are both why we say if you
want debate that is out in the west that the form by all of you up the siren you of china both in the united states europe but part of the uncertain cyprus securities and eugene portland area it is so remarkable it globally is one of the most wants the areas both. governments to date. at the wharf they're moving on to the rails accept a security environment we're looking at the cyber espionage but also. option off operation is a is a sense of losses arising there in the star in one of the recent papers myself on the we have shown that there is ousts them it resists the lower on the status of events in private sector. changes around the wall both the changes that accompanies that appealing pocket by the pocket of the state but also beyond that
so in other words it's a huge issue and i think dealing with now is going to be very problematic simply because yes alone that the chinese hardware and software. used by atlas are a power such as china in different instances and if i think violence in the phone case is against the targets in the united states and in the us. well somewhere that we were the patient is more along the bottom is the bodies of the states well in the world in which grade is beneficial change both the actual property of software and hardware but we look at the development of the future network systems the communications networks in the united states on not exactly what he chose at their quality the penetration rates about the average that in the united states are very low compared to say for example europeans despite the united states being
bought the major centers for in the basin lower than the nation that is attributable to the united states bloat of the multinational corporations such facilities are on the. chinese are on the up the chains of the quality of their research and development also coming up in terms of the quality of their academic results so in other words. you get out deal with the issues like why wave. in all of it isn't the mix in cybersecurity it isn't one for me it's in martial security issues i'm also after find some. or deal with it while nixon and the ideas of jail for the confrontations and before long will that. in the boss diplomacy. or development or investment and so forth operative solutions run alone believe in the will the forklifts of solutions will even in the wall block what we call them games the game of chicken or if you want to get all you have on the
fishing in the back of the wall it's very difficult model the result all the way. in the communication systems of the united states. radical right across the board where it was disrupting the supply chain systems it was dishonest in the existence . and it is this the potential for that american consumers that americans in general american system in general gave it the best possible to do in this war but on the other hand is that warrant it. then you know the solutions. all right isn't it. yeah i remember back in the 1980 s. when a similar situation in japan japan was starting to leapfrog the us a lot of ways and the u.s. came down very hard and this resulted in the plaza accord with there was
a massive currency adjustment hadn't seen anything like that sense the brand woods agreement after world war 2 and now here we are china is kind of threatening us a gemini in the technology space and innovation and but instead of succumbing to let's say a plaza accord beat down you know china is putting out tweets of people associated with china than the government putting out tweets laughing at boeing laughing at the ability of boeing's technological difficulties the cracks in the fuselage is exciting openly mocking the u.s. so this is quite a different approach now it comes to artificial intelligence you know there's an old saying that he who controls the gold makes the rules but it were entering the 21st century where it's really he who controls the telephony and the artificial intelligence is going to make the rules that's the 21st century and china's clearly leapfrogging ahead what you know and you recently you were talking about america's infrastructure as being incapable of supporting the middle class or the lower class
you have people deaf acadian on the street you have an ability to pay off student loans you're creating a generation in america how are they going to compete with innovation overseas trumps trade wars same to be the panacea attempting to write all these imbalances but he's even going after allies so the latest tariff slapped on mexico to force them to deal with the central american migration issue tell us about that does that make any sense he's using that issue as an economic issue he seems to be mixing everything. up in a grab bag of policies about a lot of. that's caught diplomatic sense your thoughts completely agree with you in that mexican parents is a lot a case of the weaponization of trade their dreams with dogged by the economics of trade with mexico united states imports a large number of aunts for the future as sam was solo or probably ought to be in
or to the united states transformed into iraq with words and quite often it's for the rest of the law. no message use multiple problems in terms of trade message there is a great partner for the united states in terms of face it's also i would say great article the united states in terms of the ability a few months if you will with a drug free market for its muscle with you as you're going out there what do you know can you does a lot of that states when we get to the other side so the issue here is that the jury pool in the suit is. always full objectives and in that kind of winning byron it's weird if look you see it. was wild to be delegates in the work united states is doing and it's also very hard to see the united states can sustain its economic model bone for so on to france where the great issues with mexico are really very elusive was one of those is what happens when you bones that it's only a major trading partner with the supply chains been intermingle the extent that
u.s. mexico supply chains and very well the same issue to rise of china what happens is that in the long run american manufacturers are going to bring jobs in america they think offshore jobs that appian offshore to say for example channel nets if it was somewhere else and that's a higher cost location on us because we're already in an optimal location gens of your cost for manufacturing what we're watching some says than you are those 2nd best location which is a hot box that cost has been passed on to the american consumers but the crucial american producers have become less competitive as a result. and that's what you she was going to war in mom's you with a record in box in terms of the fire crisis but we were the bullets with the darts of one perhaps in the long run in all schools any russians who need to compensate for example for the time to balance in terms of the chinese are in world war 3.
wise it's because in watching the united states most popular say for example jaunts like opera is offshore in there or production launch i don't see vietnam in florida have costs but the vietnamese for the action is owned by these chains investors so in other words you are still paying china well the production but you haue beene plant close to china yeah i get it so you know it's a game of ever decreasing returns error and reminds me of the crisis happening in the global garbage market now no none of these countries are taking america's garbage anymore that's offloading back to america right so that's ok that's why we have l.a. and we have someone says that we just dump it there right excellent point let me ask you about this we've got a situation right now one number sometimes can cut through a lot of a quarter tell us about one number and how it relates to all this the number would be a household formation constantine well
a household court formation in the united states is followed and even more so it's fall along demographic lines so in other words younger households that used to be formed in their late twenty's early thirty's and now formed in their early forty's and late forty's so as a result of that is that he just a comparative very germs of the numbers look at americans under the age of $22.00 sargon still with their parents it's used and compared with equal interests if you should pay $5.00 proportional is for the possible guest in either the jews the or the 4 seventh's will stay around 40 percent they did in the united states it used to be about 10 percent while it is. or for the same. reason that mommy or what they call in italy they call a mama. wanna be where you can no longer for a movie because then longer than a 4 movement their social mobility is declining in the future they cannot as. much
as the halls and their interests in terms of their development that reduces available they were forced say in their communities where they really don't have much of a future in terms of their career progression and any development then moans slows down and so forth it has a knock on effect with the promise across the bar lifecycle of the possible so yes . when you take out for example that there additional logic possible emilie's amounts the migrants in the united states will look at the want them a profit if the marks it's you know who was born households the number of children is the blind in terms of in those households. the age at which families start and have children and so forth is also a rise and as a result of that the quality of education beyond the worthless probably quality software was that. of those children who were at the area just as the loans were
authorized this is one of the major wellman blocks of the idea of the cycles that nation but that also beats and we saw all this is though it straight causes for its investment bodes well weaponization of the us dollar and the us it's far on the falsies. because in the nation in the united states means interest in typically and intimately linked. in or philosophic from all around the world the largest are those the war the likes of yams or this wall they all rely on mock national work force working not just the united states. also outside of the united states an artwork form in terms of consumption while we need speaks in that way that the reason that oscar and we had a limited mom please for. the united states but also people who want the multinational open is appalled because most countries aside once the united states
the image of united states in the united states opens inside he saw for local news as well as a result of huge cost what it is also a loan so as not they might want to change and social mobility is changing over the debate is not growing as well so that all new solution in the demographic time bomb any thoughts on meat united states crowds and more growth and where that it's all the people is no longer painful it won't all this is where cheese and systemic long . constant. website is macro view dot edu thanks for being on the kaiser report thanks max my pleasure all right not going to do it for this edition of the kaiser report with me max kaiser and stacy harvard i think our gas cosseting our macro view dot edu if you want to catch us on twitter it's kaiser report tonight on bio. and on.
interested always in the waters of our. question. you know to the 2017 the german newspaper developed published an article claiming that the european union the last 30000000000 euros as a result of its very anti russian sanctions. particularly affected eastern europe many polish vamos went broke and even committed suicide. sometimes i can't account for that goes of on a get on one of the top level but on the ground on the. videos i look. on these if the younger them behaved often at 5 in the halls i'm going against the die .