tv Keiser Report RT June 27, 2019 10:30am-11:01am EDT
and for 16 years now of course around 26027000 that took place. to today's market interest rates were 1718 percent now they're less than one percent closing in on 0 yet so we're going to go over 2 sets of charts from charley b.l.o. and it's going to basically highlight some of the numbers which show that we're in a very unique time i think it's mostly to do with all this monetary intervention and experimentation that's going on live on our financial system around the world and has been going on for 10 years gold hasn't reacted i'm told recently but that's because all the participants in the system have been doing quite well and now they're starting to realize maybe it's not going so well as we thought 1st we're going to look at s. and p. 500 is up 16 percent year to date the best start since 1997 just one percent from its all time high at the time we're recording this number 2 unemployment at 3.6 percent the lowest since 1969 number
3104 straight months of job growth the longest in history number for wages up 3 point one percent year on year outpacing core inflation which is the 2 percent fed's target for 78 straight months and yet 5 fed expected to cut rates and july so on that surface that they can control that's essentially their billboard and they could put whatever advertisement they want on it that's the s. and p. $500.00 that's the unemployment rate which they can make whatever they want they can set a target and say look don't feel great it's the lowest since 1969 when you perhaps walk around and see under the surface of the advertisement of the american dream perhaps it's not as good as many people think and we're going to get to that about the negative bond yields what we're talking about here is that there's a lot of inflation going on and the gun. analysts say it's their targeting 2
percent or maybe it's now drifting a little higher than 2 percent the actual inflation for stuff people buy that's your measure of inflation that would be health care education and housing things like that. inflation's that 89 percent that's the true number of inflation in america today if the federal reserve bank were to respond to that number by raising interest rates as is their remit as is their job then you know it would be a problem for the banks because the banks then would have to admit that there insolvent j.p. morgan goldman sachs citibank b.n.p. lloyds of london h.s.b.c. they'd have to come out and say you know what we're actually insolvent but they don't allow that to happen so what you're left with is a policy by the central banks that goes like this they buy trillions of dollars worth of bonds forcing the interest rate lower and then they tell people that while the interest rates low so we're going to lower rates again so it's through the looking glass they're not supposed to manipulate the market and then base policy on
a manipulated outcome they're supposed to sit back let the market decide what is actually the demand and the supply and then respond to it you know that's the relationship but the fed says we manipulate the price. we drive the rate down to near 0 and then we tell the public that well the rates near 0 so we're going to have to lower rates we of course here in kaiser report did warn for the last 2 years that you can't taper a ponzi as the fed tried to pretend at least signal that it was on winding quantitative easing and that everything is great the stock market's on all time highs wages are rising unemployment rate is down and everything is great we can raise rates everything's fine we said you can't taper a ponzi and this is it the fed has to act now they have to cut rates because the
market has is now pricing in 100 percent certainty that it's going to cut in july so it can't not ok with out a crystal ball or when you say the market is pricing in a rate that price exile is manipulated by the subtle bank so that it's an illusion to say that the central bank has looked at the market and is responding that's not what i want but that's what i said is like that's their billboard the things that they can control or the s. and p. $500.00 that's up 16 percent year to date one percent off of an all time high they can control they determine what the unemployment rate is they say it's 3.6 percent but they have changed the way they count unemployment over the past 30 years and it always ends up looking better in terms of buying the bonds and driving down negative yields if you look at this chart another chart from charlie b.l.o. all of that sea of red is negative yielding debt only the u.s. has positive debt on the whole scale of from one year to 30 years so negative bond
yields through 30 years in switzerland 15 years in germany and the netherlands 10 years in japan denmark austria finland sweden 9 years in france and belgium 8 years of slovakia 7 years in ireland slovenia 6 years in spain 5 years in portugal 3 years in malta and bulgaria and one year in italy so negative yields all the way out. up to 30 years in the case of switzerland right now jerome powell who runs the federal reserve bank took over from ben bernanke you know he got to testify before congress periodic like ok here's a question that maybe a sake it could ask or somebody in congress could ask your own pal next time he's in front of congress this is a simple question you must ask him mr powell tell us under what circumstances you would raise interest rates dancer from jerome powell be there is no circumstance under which i would raise interest rates the answer to every single economic problem every single number every single statistic every single market reaction is
to lower rates that's the old it's like an alcoholic who drinks when they're happy they drink when they're sad they drink because it's tuesday they drink because it's daytime they drink because it's night time they're not a holiday they just drink drink drink drone pow will cut rates whether the economy is expanding whether it's contract ing who's a president who doesn't matter his dog bit him is wife hates him he's going to lower rates makes no difference that's the only thing they do importantly remember back in 2008 during the financial crisis when it was all going haywire when. we broke the dollar broke when the mutual funds broke the bucket with the money market funds broke the buck that was when really all chaos broke loose and the fed really intervened to the treasury and everybody and they bailed out and they bailed out lehman brothers not lehman brothers they let that die but they bailed out j.p. morgan and everybody else i think the thing to look for in these negative yielding bonds is if the u.s. does that if the u.s.
you know the center of this global financial empire goes negative then that i think that's what gold is signaling now is people are thinking like oh my god is that actually going to happen that will have negative yielding debt in the united states because that's i think the equivalent of of breaking the buck i think that's a fair analysis ok you know. similar to breaking the buck during the last crisis if you go negative interest rates in the u.s. it will sound alarm bells but it was an interesting thing just like big star mark zuckerberg into a drone and that he introduced labor as a stalking horse to make that claim go to $100000.00 a coin. the interest rates of aereo going negative is similar to the big claim protocol that as they hash rate increases they're chasing after a nonce where the fraction is ever more fractional preceded by zeros it's almost point 00000 the difficulty is further further away the difficulty keeps
going higher so that in a negative sense it's goes because more higher negatively that's the way the nonce chasing of the protocol work so i think that's had an influence on global central bankers they've been turning to drones and they are seeking negative interest rates because a suppose she's vision and that's going to drive because higher so once again is turning. constant over there at the bank of international settlement the 2 targets and constitute an karsten karsten out just right in carswell gust in carson to town of august he's been affected by the bitcoin protocol droning mechanism and so as mark zuckerberg and so as drone powell so this is all about getting because 200000 through the disease or the virus because of protocol i mean we only have 30 or 40 seconds left here so i want to say you know with regards to facebook coiners box or whatever they're calling it libra. you know the fact that france the central bank there and the u.s. is calling for congressional testimony and in the u.s.
and france is investigating this it's a little bit too a it's amazing that they've missed all of this stuff. happening while they've been focused on the sideline call of bad jackson waters will become like try gray and lose her bearings she gets big. right she'll get because. you want to congress well that if you're if you're not of pure spirit and you look at the protocol like medusa you go mad if you're on dress on some up us you become a noble you become a saint but if you're like a cry greater maxine waters if you lose your footing ok we're going take a break when we come back and become a full don't go away much more coming your way. we're going to st petersburg international economic forum and the topic of our panel is are we witnessing
any. kind of. distance. welcome back to the kaiser report i'm max kaiser here's the headline the obscure london startup that made facebook libera possible look at this they are like look look like ok so what about the london startup let me introduce jeremy ala dine dot org jeremy will welcome back hi max hey stacy thank you for having me again so i see here a company is in the news here is evil corporate otherwise known as facebook paralysed
post your team wired magazine got so toshi wrong now they've got your story wrong with a headline that read the obscure london start up that made facebook labor possible tell us more jeremy will this question blowing me away or so my colleague said to decode project so basically it is not just might be nice the 2nd source european research and we paid those those researchers for more than 2 years we taxpayers money to research on privacy as a human right on technologies to make dot i used only when people consent to eat to avoid extraction and dot a mining and when it is a should not private data of people this sort of stuff that even of corp is doing all the time and it well we are very sad to see some of our colleagues go we don't carry are in the completely opposite direction which also poses some at the go questions to us in the meantime and to why did technologies we are developing be
out quite groundbreaking as older people he's there is a lot of people that are doing wonderful things on the ward it's what is really disturbing is that the ethic oh the ethical focus that we all started doing beats going already back getting involved following that to most of set us back in 2009 down to now being completely aqui hired to so busy. stole into the bee industry that that actually foster sold extract the beast and everything that is standing against it so that's the sad news but i think there is something positive going on in this war starting and well one thing clearly is that that defense between these it is a buck that they are creating is is that it's completely centralized this thing is not even. is just like a distributed database where did this sort of company that is they're getting stuck
bucks is different from paper in the way that it knows where you go out where you get drawn the people who got wheat and what you read that and all your pics that you regret from the parties you go so basically they just put needles into your life to know more about your or your private life to actually s.s. if you can get a loan or not because that's what's coming next in that in that business and in the meantime can you imagine having that pop up message on your wallet online that say swell you posted to some new d.m. that outward air so we suspend your wallet and your account for tree days now we are going to review if you can buy something with some bucks this is just utterly insane so i think the good news is that it will never really succeed and actually maybe here people we really see the value of what we stand for to principles out on a me of liberty and off decentralization that also our european project stands for
and i think that the difference between the dems and no what we what we know as beat going provides and many on the up dempsey indicate the horde then would be evidently more positive people cannot forward in a trap banking down bank to buy a single company them pants them bank to get the ready back they just download a decentralized wallet. and started doing crito there is no problem with that so i think the law is it would be an acceleration and i think that regulators will react and are reacting and we will advise them to react very quickly to that we can't stand by and watch these monsters fight like that beat carpet gazed at the beginning late there's and in the meantime we know that we're beating the decentralised really permission less really not 3 mind economy that people can enter and i don't honestly my age so i think beat carney is becoming revolutionary
again with this move it will become less road show and much more of evolutionary easton's and this is a sorry to use your at your show for peace but i would like to call to our common friend i mean if docky who recently actually does dismissed beats going as just that a road show in a marketing gig i mean look at this beat going it is a revolutionary technology and when the big market will try to actually recent realize it and connect it to today's black that enhanced through experimentation of private data because we stand as the technology that has endured all of these time and he's providing a truly decentralized platform so i mean it be back because we need to you know i've come up with a theory called the bitcoin the ranchman send around where the protocol has the ability to transmogrify human intelligence and to convert
ordinary people into. drones on behalf of bitcoin and we are saying this manifests itself in a number of different ways for example in the case of craig wright or john mcafee they clearly went insane in the case of undress on sanaa policy became ennobled by big pointer entrances syndrome he became greater than he was before bit coin but in many cases people degrade themselves into becoming really a sociopath like craig writer john mcafee now heard the elegant let it lead and i'm glad let me let me fennell to get to my point here so in the case of mark zuckerberg i believe that he now has been turned into a drone by the bitcoin protocol and he's become a useful idiot of bitcoin and he's become a stalking horse for bit quiet sun other words he's going to go to congress is going to take the hey he's going to put is $500000000000.00 company out for to be
slaughtered by the marketplace on behalf of bitcoin sowed this was predictable you know we've been following big point you've been following it since 2009 we've been reporting on it since 2011 this is the pattern a big point it is able to co-op bigger and bigger entities to work for it it's a virus in that regard it's a plague of happiness that cannot be stopped your thoughts 1st of all and what really i couldn't keep is that i heard did it create right now claims to be burke he's easy seriously claiming to be mark zuckerberg now he has left to disassociate yeah and he wants to be desperate minds up bucks basically so. but for 4 footed as they only have night easy something that people know a good man york complete right into the. fold do governance and.
everything that's been going to men should be doing for us i hope that entirely gentz left in public sector realizes that we have at least some safety belts if not the regulations in place to say ok you cannot just mine money as a big company and not being a bank and not being a transport system and not be a telecommunications system that has some permission for that those safety belts are to dad or by ages and ages i think relations now 1 may believe in them or not but in these case the low has to be quote for everyone and i think these regulations show heat these people that have disablement trips because what is at stake is privacy and we privacy it goes out also democracy if people can't control our minds to the point in which to control how much we spend we get loans and they can predict actually what we desire and how we cannot quiet what we desire by
knowing everything from what we have read who we need to gain what we eat and where we spend our money then d.c. is really not any more a democracy can be only somewhat something where you can only lie things not dislike dam and just like continuously be positive about a regime that constantly controls us so these are my thoughts these are better physically dangerous man hacks and if we are out to some history lesson we should never let them become dictators of our democracies just like exxon while co-opt some of they images and phrases from greenpeace to promote the eco holocaust in of an exxon ad are several on at all shall be at a full forests and beautiful lakes and they'll talk about how they're protecting all of these assets and they it looks like a greenpeace that so they because that that's what their objective is is to delegitimize greenpeace so you have libera over the. facebook and there he is
borrowing the phrase eola ga and some of the images and some of the ideas from bed calling about helping the world being able to transact without an intermediary without a bank and you know he is on the catch phrases and the end is certainly great but what's going to happen here you know is there's going to be a showdown between 2 psychopaths jamie diamond and mark zuckerberg and and facebook is 5 times bigger than j.p. morgan so i would imagine facebook will probably buy j.p. morgan as part of the protocols initiative when it was launched in 2009 this is all hard baked into the protocol this kind of managed him and psychosis remember the hash array that keeps it secure is based on egomaniacs trying to hack it so now we have jamie diamond and mark zuckerberg who are going to drive that are
straight up from 60 terra hash the 2nd to 200 terra hash a 2nd right here very good at pretty much. not only in financial predictions and i think that it is fight we can just stand by our legacy really be current crypto created everything that they are pretty 80 and attempt me i mean be predicting our project it research that we have done on selecting krypton not older developments but most of it and we have to stand by our developments because this is also a sign it what we're doing is getting parton is actually moving these people moving your interest to see what we're doing to copycat it and it means that what we're doing can change toward disease a good message that we can get out of the speech even if we are actually giants finding their old fights but there is something new to understand here there is
something that is moving refund. and i think as unethical as and that ego point i'd like to make what is also very important to do what of the crypto and offbeat guarding and all what comes we need is that identity is not one thing it cannot be named to one number to one record in the database of a company to one provide the one assessment of your preferences to one thing no we are all different beings in different contexts and that's what we kept repeating in the code there is not one identity it depends from the context you want to show up to be it's off yourself you want to show credentials to access to certain places but you do not want to show all about yourself and that's why i think what he's facebook is doing right now is deeply i'm at the go because they are narrowing down everything one human being to one representation of it in their database and there was out of that information it was sally who do basically insurance companies
medical insurance banks for knowing your customer principles and know that which she is a monopoly that is bigger than j.p. morgan because j.p. morgan was not putting neil's into the brain of people like these new people are doing they've got about 20 seconds they wanted to mention all of benny quickly tell us about that it's another colleague of us is in advisory board of the project is it beat it no journalist is mentioning it right now easing he got detention since 2 months in ecuador just for assessing encrypted devices on himself there is no proof against him they are they are just imprisoning aiding him just because they know that he was friends with julian assange and therefore they are keeping him inside for ever and ever without even a court case so free all of beanies went to look up and police have public good colleagues that actually have fought a good fight and are under attack and even imprisoned listen we've got to cut it off there thanks so much. for being on the cause. report cheers joe musto
stacy thank you that's going to do it for this episode of the kaiser report with may max kaiser and stacy herbert i thank our our good friends in this jeremy eliezer over there dying dot org and the decode project if you like to get in touch tweet us a kaiser reports election i buy all. good food descriptions sound up a tasing even for the owners so how to choose just pet food industry is telling us what to feed our pets really more based on what they want to sell us then what's necessarily good for the patent churns out and put food may not be as healthy as people believe we have animals that have you know diabetes and arthritis they have auto immune disorders allergies we are actually creating these problems and it's
a huge have a democrat problems all of them i believe can be linked to very simple problem of diet and some dog owners so heartbreaking stories about their purchase less treats the larger corporations are not very interested in proving or disproving the value of their food because they're already making it a $1000000000.00 on it and there's no reason to do that research. is hard to take so from somebody if you know have some replacement. work to syria to use market over and then they take me. there are. so occupied so you start selling drugs if we'll hire some to put the money back. into israel the way their lives. it's almost been basically
mccullers peaceful for the worse do you guys know what's a good many security positions of them in that. day reject me again. you see people get all their cars and i'll see you coming no hard and it seems like they'll hurry up and run into the house like they don't want to they don't want to talk to your get your mail or anything like that. i just want to go off. and do it. just try read a. bit serious some give me. as we speak large organize care of it are on the march to the united states.
then 70 and a player coming after to carrying their no swarms remains slaughtering dad. this is a virtual invasion of our country for so far bigger than anything we think. that i'm at the end i thought i meant dad i have fallen into the old form of the thing up on the farm out of the house you know it's going to stuff it in. a knife our feel. as you do is you know we're going to see a movie. you know to secede issue for players for 2 oceans. that are older it hurts or dead. or defeated it was so.
yonks this is what happens to pensions in britain. you watch kaiser report. world leaders are continuing to touchstone in the japanese. for what could be a turbulent g. 20 gathering this year session is expected to be dominated by trade tensions the global climate and the threat of conflict in the persian gulf. in the run up to the forum president donald trump's been threatening china with a further $300000000.00 worth of hard. culture secretary complains that the u.s. farmers are bearing the brunt of. american farmer to trade war i think they are one of the casualties they are the trade disruptions. also ahead iran.