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  • what have you been watching max?

  • I mean when you see these last eight weeks, you know what what what do you see in the world?

  • What's the Kaiser lens on everything that's happening?

  • Well it goes back to what we've been saying on Kaiser report for 10 years.

  • And what max and Stacy have been reporting about really for almost 17 years that when you have an economy built on fiat money that is to say UNB act money that's printed without any accountability, you know, you end up with a lot of bad investments, miss investments, bad behavior, it rewards bad behavior, it squeezes out good behavior and good investments.

  • And this goes on year after year, decade after decade.

  • And you end up with a failing economy failing of currency.

  • And this is this is just the latest chapter in the U.

  • S.

  • You know, this is just the latest chapter in an economy that's been undergoing what you could call a controlled demolition Now for more than 30 years.

  • So this latest covid 19 panic has been encouraging the central bank to print exponentially more of their fiat money and they're making the situation much much worse.

  • And um so that's what we've been covering.

  • And so we've been kind of predicting this in 2008 when they have the global financial crisis.

  • The response at that point they could have gone two ways.

  • Barack Obama was in his lieutenants like Larry summers and others.

  • They could have either bailed out the debtors which was the historical precedent usually throughout history when you have a crisis like that?

  • You bail out the debtors or you could have done something highly unusual and unprecedented by bailing out the creditors and they decided to bail out the creditors.

  • They bailed out the banks who made the dodgy lungs, they bailed out the banks who took the risk to making the dodgy loans and they gave them a fresh injection of credit and they expanded their remit, they expanded the amount of credit they could borrow.

  • And so at the time in 2000 and eight, we said definitively on the Kaiser report that, okay, This is the absolute wrong way to go.

  • And all they're doing is they're kicking the can down the road, they're deferring this crisis.

  • It will come back bigger 10-50 times bigger in 10 to 12 years.

  • Okay, here we are, 12 years later, exactly what we predicted is happening.

  • It's it's to part two of the 2008 global financial crisis.

  • It's a total liquidity squeeze.

  • It's a breakdown in credit all over the world.

  • And it's encouraging the central banks to respond.

  • And again, a similar way by simply printing exponentially more fiat money, which of course is going to make the situation that much worse.

  • Yeah.

  • When I hear when I first saw, you know, trump talking about the two trillion and then the six trillion and when I saw, you know, they're talking about the furlough program here and they're cutting these billions and billions of pounds of checks to people.

  • I mean, the first thing I see is a mess.

  • But, but max the public says, oh, this is great, we're gonna have money, Everything is gonna be good.

  • How do you explain to people that actually they're going to pay for it in the long run and it's gonna gonna pay actually more than they're even getting right?

  • Well, the explanation, there's actually an economic term for it.

  • It's called can't tell in effect by an economist named Cantil in and he described quite eloquently what happens.

  • The central banks print money and it goes into the hands of the quintillion airs.

  • The people who are friends of the central bank first, uh, and then it trickles down to the Hoyt ploy, The man on the street at some point at a later date, but by that time, the purchasing power of the money has been lost and they are faced with loss of purchasing power as the money is being printed.

  • Meanwhile, the people who are at the head of the line, the friends of the Central bank are using the money that they're printing that they're given first.

  • They're using it to buy assets like fine art stocks and bonds in many cases and things that have that go up in value.

  • They appreciate value, They buy expensive homes with it.

  • And so their wealth is being concentrated more at the very top and everyone else's wealth is being their purchasing power is being destroyed at the bottom.

  • And so this is um how and why you see this.

  • The impact of money printing on the economy it creates and an extraordinary concentration of wealth at the top and it creates more poverty at the bottom.

  • And there's one chart that you can look at that depicts this whole process brilliantly in one image and that would be the money velocity chart.

  • So the money velocity chart simply tracks the rate at which money is circulating through the economy.

  • So if money printing worked to the way that it was that they're telling us it should work then the money velocity should hold firm or actually should go up.

  • Because if you're adding money to stimulate the economy you should see that money velocity or the amount of times the money is going from bank to bank to bank, from consumer to consumer to consumers should you should you should show some activity.

  • But for the past 15 years, if you look at that money velocity chart, it's gone straight down and in the last six months has taken another huge leap down.

  • Money velocity is hovering just above zero.

  • So that tells you that when they say they're going to print a trillion pounds or half a trillion pounds, that 99% of it goes into the pockets of a few folks at the very top.

  • But the banking pyramid and that's where it stays doesn't go anywhere.

  • They just hoard it they hoard the cash and they don't circulate it.

  • They don't make loans.

  • And in the U.

  • K.

  • You have a huge scandal with RBS and other banks that were caught actually um trying to profit at the expense of their customers by attacking companies that they've made loans to buy with viable companies that had no problems are RBS was discovered to cut their credit off suddenly hoping that they would go bankrupt so they could buy assets for pennies on the dollar and sell them to one of their subsidiaries, one of their divisions.

  • And so this has been a scandal now for 20 well at least 10 years for sure.

  • And but this this is exactly what happens with this money.

  • It feeds the kleptocrats, it feeds the worst players in the economy and who have great political power.

  • So of course the those kleptocrats want more money printing because they want the the additional wealth that it gives them.

  • And the poor classes, the middle classes, the lower classes, they think they want more money to be printed because they think it's going to help them.

  • But it never does.

  • And because the purchasing power is being destroyed so they have no organized labor they have no way to increase the labor their wages.

  • So it's it's just gonna continue like this until you end up with what I call neo feudalism which is really going back to the middle ages.

  • You'll have an extraordinary concentration of wealth in the monarchical class, The aristocrats and everyone else are basically peasants or serfs and they'll be, you know, sheltering at home on social media, clicking ads for a protein pill, right?

  • I call this the casino gulag where you are living in a gulag, which is made possible by central banks and their money printing And uh your your only hope for survival is to click on enough ads during the course of a 24 hour period to rent to win a protein pill to keep you alive for another day.

  • So that's, that's the casino.

  • You just hope you can win that protein pill.

  • So it's a casino gulag made uh in the neo feudal model engineered by central banks because there they there they want to be monarchs of course, you know, they who wouldn't want to be a king, they all want, they just wanted to be a few kings and everyone else.

  • Is it a peasant?

  • That's where we're heading in all this, This is what's happening.

  • Mark my words.

  • Yeah, my mom, wow!

  • For my wife.

what have you been watching max?

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A 30 YEAR CONTROLLED DEMOLITION OF THE ECONOMY ? Max Keiser's Lens On The Government ?? (from 2020)

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    林宜悉 posted on 2021/10/26
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