tv Keiser Report RT July 11, 2018 11:00pm-11:30pm EDT
cities across croatia erupt in celebration as the national team reaches their first ever world cup final after defeating england. urges nato members to ramp up their military spending at a tense summit in brussels. and ahead of her meeting with trump on friday prime minister true some may pledges to boost support for nato and to send hundreds more troops to afghanistan. for the latest on the story to dot com coming up though the kaiser report investigates private immigration prisons in america and if you're watching in the u.k.
stay with us for the financial news. i'm feeling a bit hoarse hey i'm max kaiser this is the kaiser report stacey x. we couldn't leave london without giving you some headlines oh great i have headlines oh that is nice tell them tell me now yes or if they would give you some great joy right corporate brag success he ends as no deal breaks it lou we do have an exit day that exit day is scheduled to begin on march twenty ninth twenty nineteen at eleven pm g.m.t. that's two hundred seventy four days away and well the corporate breaks this is
beginning getting ready for that day and seventy four days i see you've remained calm you haven't laughed you haven't we need like a horse and then it is well you know people know that i have strong views on drugs and then when i express them they say dude calm down why are you being so over the top and crazy with their views on bragg's it but look at the corporations that realize that this was a huge mistake so you've got air bus is saying we don't want to be a part of this anymore if you got all the security mechanisms and agencies in the e.u. saying we don't want to be part of britain anymore they've got car companies dropping out aviation companies we mentioned banks dropping out everyone wants to get out because if you don't have the super pacs are all institutions i cover the e.u. and you will be part of that it is going to be a separate go it alone ireland under a large rain cloud swimming in marmite worshipping some old hag in a crown those people in france germany and italy and the rest are saying no we don't want to be a part of that nevertheless break sitters may win the nobel peace prize one day for
the fact that they may reunify ireland and the finals are finally over. thanks to broach the exactly but so let's look at some of the corporate breaks of this that's happening we've already covered the fact in it's been will cover the j.p. morgan goldman sachs are heading out to milan and paris and expanding their offices there cutting back office here construction and infrastructure giant for rovio has announced it is moving its international headquarters from the u.k. to low tax haven amsterdam because of breaks that the spanish firm which owns a quarter of the airport heathrow and runs its u.s. canadian polish and u.k. operations from oxford says it needs to keep within the e.u. legislation after the u.k. leaves the e.u. and airbus of course you already mentioned is well. possibly right now to be clear because living up to the referendum i said this was an economic disaster and then right after the referendum
a moment ago you know this is going to be continue to be an economic disaster on the week of the referendum i said this is fantastic that david cameron is getting his teeth kicked in and making you know that that pig loving david cameron with is . david cameron that's the phrase now. loves pigs so much he's going in france being a pig farmer is a french bank farmer now but did i said oh this great that david cameron got kicked in the teeth like this but don't misconstrue that as me saying all of this is i'm pro brags that no i'm anti david cameron and briggs clearly let a lot of the voters were max a lot of the voters where because you were talking about us you were talking before breaks it as a person who is able to benefit from the economy the cot the economy today does not benefit most people so they were able to give a kick in the teeth to people that they saw as the elites who were on the b.b.c. were on i.t.v.
who were on town for who are on all the major media here and they were telling you please whatever you do do not vote for breaks that because this will upset us dearly. and well either way the economy did not work for a huge percentage are they can be the economy did not work for a huge percentage of american voters before the twenty sixteen election so they said well either way i lose so i might as well kick somebody in the teeth so that's what they were good you were able to travel around the world go to international capitals visit cities and and participate in the economy a lot of people can't understand that need to find a scapegoat for our bad the u.k. economy is and why not brags that it can't get any worse but my point is not that i think the e.u. is great i think the atrocious the way that they treat greece is atrocious the way the e.u. is true in the u.k. now is like they're treating the u.k. like greece did become an easy country to attack financially and profit from its demise but my point is not that the is good my point is that the e.u.
had a influence on the u.k. that made the u.k. less horrible if you take the e.u. out all you're left with are now parliament the u.k. all the institutions of the u.k. unchecked by any civilised and smaller macassar whatever northern ireland is going to be gone so now you've got all these predatory creepy men piers in the prime minister and all these institutions like the b.b.c. preying on children it's nothing to stop them no rules from just attacking the population unmercifully so here are some more corporations leaving which is going to go over some of the data just to show you state of play a lot of companies have been kind of waiting they've been doing a waiting game because you know for the past two years they've been trying to drown the fish as they as we learned as a good phrase in france they were drowning the fish hoping that nobody notices that they're supposed to have an exit date and. everybody's hoping that voter forgot
about it and you know that there is a theory that. after three days most people move on from a news article they don't notice it anymore well apparently now corporations are starting to say well where i started to have to make plans because it's not cheap to move political or appease. for british people as it is like getting crabs and herpes at the same day ok well at the same time investment in britain's car industry has shrunk by half to the lowest figure since the financial crisis according to figures from the society of motor manufacturers and traders in the first six months of twenty teen investment in new models and factory has declined while goldman sachs is awesome planning to double their headquarters in frankfurt by the way the whole printing sort of documents here that's kind of a they skip every other page. so it is already a bricks of this of my documents oh my god the bricks of the documents any country
that's forced to watch piers morgan every morning is in deep trouble over there id be britain how did it come to this so the other the people that are happy for breaks that are also involved corporations that in the united kingdom you can't talk about because they're very powerful again you know here in the u.k. they have all sorts a libel laws and basically you can't say a single thing against corporations you can talk about american corporations because they are green with the notion of first amendment and people can say what they want but here in the united kingdom we certainly can't talk about u.s. corporations or u.k. corporations i won't mention any of the corporations in here but you can do your own research and look at this but the fracking firms are very excited for breaks that's because. regulations we involving environmental protections so exact what i'm talking about there i'll just read the headline because they don't like to much mention of any corporation involved both mad that i don't think i
mentioned but i don't know if google's blocked if you can even do a search here but if you. you know you could use a v.p.n. and go around pretend you're in america and look for these sort of corporations but of bragg's that fracking lobby and the revolving door fracking firms are keen to benefit from bragg's and are hiring firms staffed by well placed insiders to lobby on their behalf right that's the backside of fracking isn't economic disaster you can't make any money with fracking it's all dead base and then they fracking regs expire before the debts paid off and then all the debt goes onto the national balance sheets of britain's national debt which is last i checked something just under two trillion pounds is going to go to three trillion because all these blasted fracking rigs number one number two it's a health issue it's a mental health issue they've got known carcinogenic and all the fracking fluids it's a it's a not environmental disaster any place to go the countryside to look like friggin mars on crack and then you just say anything over the b.b.c. of course because if you mention the sort of the b.b.c.
saying you're not being impartial no you're not being impartial if you're not being impartial enough oh you have to say exactly what the state wants to say oh that's better now you're being impartial ok well the fact is that these factors. are happy for the banks right there's no use jack and there's actually about assignments of regulation right on that so in that case they were definitely they were protecting the population of the u.k. which we've already covered fracking over and over but i also want to look over at the us where we also have a very big story in the news and that is the means friend donald trump has had this immigration policy where he separate you try to separate these families took little three year old kids and two year old kids and diapers and with them in prison and their own little immigration center all run by private companies by the way and i mean i even saw reports that their little two or three year old kids were brought by their own with their lawyer public defender in front of a judge in front of
a judge to like explain that. day care to go. visit daddy a work day well they. went to court and they had to answer for themselves who out why they crossed the border and one of the kids climbed up on the counter and the judge's desk into didn't know better but nevertheless prison operators could cash in on time zero tolerance immigration policy the biggest private prison operators which have poured money into republican coffers than to make a windfall from president donald trump zero tolerance policy on illegal immigration that has pushed thousands of undocumented immigrants into detention so of course civic is one of the biggest groups and their shares are up seventy nine percent since the twenty sixteen presidential election and geo shares have are up eighty five percent but just like the fracking just like all the horrible stuff like these and this is the same sort of grotesque lobbying that are basically able to plunder the population with a good test very well there it's a horrible environmental disaster or horrible humanitarian disaster of taking
babies from their mothers and putting them in front of a court to answer for their actions right it is going to scary as you point out and that kind of american style grotesquery is going to be more prevalent in the u.k. now without the mitigating influence of the e.u. and the regulations are already saying that in the fracking industry and in these other industries and it's only going to get worse and so you going to take a population that's being victimized by corpore corporatism which is like a nice way to say fascism or grotesque very grotesque areas i'm the only possible good thing to come out of this would be like music good music maybe punk rock comes back maybe johnny rotten life and comes back and starts cutting new record to get out of butter selling business this is the cooling i don't fret. you know i can fill in for sid.
this stuff for sale said the south park to face up to life during taliban was that . the meat of afghanistan always you guard their wife's their sisters as a. kind of human being that's historically like that but unfortunately due to the title but not on you know physically of other structures we're kind of broken but most associated our social values were damaged not only this one conflict actually damaged our structures and infrastructure but it unfortunately domino of values to.
welcome back to the kaiser part imax keyser and let us welcome back into the stadia founder of gold money and a deep thinker or i so much welcome back thanks for having me again all right i use this in the first conversation and i think i must now begin to talk about over the last people just freak out here so this is as i mentioned twenty four karat gold investment jewelry it's from a company common ebay which is a company that you founded you started and it's fascinating because is investment jewelry it is priced in a way that fluctuates exactly with the spot price of gold and you're educating a whole world all with the whole western world about how gold is actually bought and sold in the eastern world by weight correct that's the key so you've launched this thing into the site business is really taken off people have taken to this quite rapidly how's it going it's going really well you know i think that you know
i'm very passionate about gold it's what led to the founding of gold money in which was originally known as big gold and it feeds into what we talked about earlier you know at the end of the day instead of all the elaborate conversations we just had you can always simplify it that politicians are always going want to want to screw you over in a fee up money system and so gold is your way of preserving your purchasing power with gold money we did. a financial service an institution that allowed you to hold your wealth in gold but to really help people and broaden access to physical gold which is which is really the key here physical gold i recognized about two years ago that i had to disrupt the jewelry industry the jurors who consumes most of the mine gold about one hundred fifty billion dollars a year flows directly into jewellery and what i found was that the eastern jewellery markets were quite efficient they were. actually engaging and dealing with jewelry in the same manner that people have been dealing with jewelry for
thousands of years since the beginning of time jewelry is generally made out of twenty four karat gold which just means the way gold is found in nature when you go and find gold in iraq it's not eighteen carat or fourteen carat that's an invention a human invention an hour where the pure gold is taking in diluted down when you find jewelry in the east it's twenty four carat and it's sold by weight and it generally is devoid of any gems or diamonds stones so the goal is the jewelry is really a weight of objective value it can be bought it can be sold it can be exchanged you know forever i know i was you know one that bought into the myth that you can't own twenty four carat gold is too soft yeah but this is twenty four carat all it is pliable adjustable but it's not in any way too soft it's soft for a metal but it's still a metal and that's the key you know people that repeat that myth it's generally a lie perpetuated by the western jewelry industry right so if we got it when i
started to learn about the western georgia show i was really appalled to see that in the old days you could find tiffany selling you jewelry by weight but nowadays the jewelry industry is really incentivized by wall street and by their own greed to have minimal working capital which means that they try to generate very high returns on their capital and try to generate the highest margins and they've been engaging in this game of how much margins could we charge a customer for the last forty years so when you buy something from cartier tiffany's or even pandora which is a lower cost jewelry brand ninety percent of what you're paying for is b.s. it's basically the brand they call it the brand but of course when you leave the store you can't sell it for that value so really you're just paying a very small amount of money for the intrinsic metal value and what we're doing with minae is we're turning that equation one hundred eighty degrees where inverting it so that when you. i a piece of men a jewelry ninety percent of the value eighty to ninety is going towards the intrinsic metal value and only ten percent is going to design and all of our pieces
are pure gold pure platinum the prices change every single day when gold goes up and the website yes say this this item i think is called the torque to give you the current spot price of this item and you can i believe actually if you wanted to i could go to benet and sell it for the spot price minus a fake there's a whole platform once you buy it and you can actually track its performance just like a stock you could sell and sell it we send you an envelope just like the old netflix you throw it in it's fully insured we ship to eighty countries around the world you can gift items you can even do something called mini harvest where you pay towards an item walk in the price at the time of purchase and once you fully paid we ship it to you so it's a really really cool way what people do and i get these i see they make a video they turn them on the scale and they see it actually is the exact way that advertise and occasionally someone will say oh my god it's actually a fraction of a gram over and they're like a static and and now you've got these these are interesting these that all charms
because they are pure twenty four carat all and they're easily to collect and you know this is obviously appeals to folks that just want to get in on the on the goal action in a starter kit speak but it's quite quite lovely so now let's transition to the big picture here because people are buying gold and they say they're storing gold and gold money and then you've got countries like russia that are buying frick and hundreds of tons of gold because they see something happening in the global picture what's happening there why is why is russia by so much gold well i think that everyone is recognizing that you know we're not going to be living in the u.s. dollar centric world for much longer and i think that the wise countries are preparing for this by establishing some other alternate medium of exchange. or store of value and when you go through the periodic table this is what i always say
you find that there's really only one way to supplement and a form of trade remember you can't predict what type of trade you're going to have in the future russia can't predict if it's going to so china a lot of oil a lot of grains a lot of bush goodall's but what it can do is it can stock up on an intermediate commodity that has the same cost inputs as any other good or service and those inputs are energy labor and time and gold happens to do a very good job of absorbing a lot of those inputs and then storing them for a subsequent transaction that's all it does so as i study the periodic tab the predictable of elements yes right so gold is number. seventy nine seventy nine i often use that myself by proving my high school chemistry class and hopefully in a correct and i know your partner josh comes from a geology background loves to get into the actual good deal geological properties
of gold and that it has all the unique characteristics that make it perfect for money and so we are saying is only macroeconomic world russia is recognising that if you take labor you take energy it stores it's it can be is for trade but is there a fear now that we are reaching the end of this us dollar gemini of the us dollar as world reserve currency if trump as we've discussed earlier is going in redrawing all the trade negotiations is there a thought that we need to protect ourselves against having all this stuff going going going awry and we're you know heading back to the very basic trade trade in gold i think it's a real possibility because first of all if you're not living in the us you're. great disadvantage today in terms of the chess game trump is really ahead of
everyone sort of for moves and i think that there are only way for europe so europe kid in gauging reciprocal trade so what that what does that do to the euro does the euro survive russia can engage in reciprocal trade or the united states but at the moment that doesn't seem to be an option for them and i think russia has much more important trading partners like china i think that the way people should think about it is they should always be allocating a portion of their savings to gold and that portion that they all agreed to gold will always be available to them in the form of purchasing power the same equivalent purchasing power doesn't always work every year but it works really really well if you stretch the arrow of time there's a wonderful book about this it's called the golden constant by roy jost room who is a harvard economist and it really shows how gold maintains its purchasing power over thousands of years you know one of the one of the nice ways that he does it is he says a roman senator's toga was one ounce of gold
a brooks brothers suit in one thousand sentry was one ounce of gold and a new italian suit today's one ounce of gold so the gold is simply preserving purchasing power it's not making you rich and it's certainly allow you to avoid being poor now you speak about trampling forty chess is speak about trump as being mastering the game in a space in my shop in very positive ways that i would say most of america doesn't share they are he's constantly being attacked and he's being vilified and he's being shown by mainstream media as being a character that is reprehensible in many ways and what what what what are people messing about trump because when you talk about shop you know i travel the world and i look at the global economy in the u.s. economy and i share a lot of your views there that he is actually doing something. that makes a lot of sense from sure economics point of view but what is the what is the media
getting so wrong about trump and are they you know their looks like they're going to fail miserably in the actions i call the twenty twenty like it's like oh they're dedicated to scapegoating russia for the failings of the democrats and hillary and yet if they looked a little bit more closely they would say this guy's actually making some good moves how can you break through that that sound barrier they think is kind of an odd question but so i want to be clear a goal money our policy is always to nominate any political comments so i can't make a political comment about trump whether i'm for or against him or not but what i can do is make economic observations and i think it's unequivocal that trumps economic moves are the right moves you know there's a lot of talk about this concept news mercantile ism i'm sure you know a little bit about that and a lot of the austrian economists especially. and the modern keynesians seem to
share the same view that merck until islam is terrible and adam smith proved doesn't work in this in that i actually think that mercantile as is exactly the way one should run their country and all it means is that you don't run trade deficits and you accumulate metal bullion or some form of surplus i think that's very sound advice i have personally seen members of my family be very poorly impacted by the policies of the globalists who are twenty and thirty years people that were involved in the industrial economy in the manufacturing side i have seen a lot of the nonsense and emanate from ivy league schools and think tanks saying that automation and people have to learn new trades in new skills and robots are going to solve everything and scarcity is a manmade invention and all this nonsense that i can given my understanding of economics and observing reality dispute we're producing more steel than ever in the world are producing more oil than ever. we're producing more automobiles than ever there's absolutely no reason why the united states should have seen its
manufacturing base hollowed out its good high quality jobs hollowed out hollowed out in lieu of really a commie service jobs ok so to speak less so in markets alyssum you have a mechanism to. a periodical a balance the books correct rights if a country starting his trade deficit then that some point gold is swapped and the books are balanced correct and so it's a way to put a limit or on what we see the excesses and monetarism where you've got money printing leading to mal investment correct right and it demands of the state the exact same principles we demand of the citizen why is the citizen have to balance their books and the state gets to run deficits and a trade deficit i sometimes i find myself reflecting on this and i think a trade deficit is even worse than
a budget deficit especially when you have free flow of capital when you can take the capital back and instantly recycle it and then you're not just you're not just hollowing out the manufacturing base but you're also selling your assets to your competitors of course with gold you have individual sovereignty make your own little american tell us policy individual sovereignty that's the key and gold money where investors minae as a spin off of gold money and even at some other things you're cooking up in the back room of the rice a by brain what you can only talk about next time you're on thank you i would love to last and do it for this edition of the kaiser report with me max kaiser and stacy herbert like to thank our guests reisa block of gold money dot com and benet if you want to reach us on twitter it's kaiser report and there's a twitter from an a at many m.b. and he has some picasso. designs it all i mean how cool is that and so next time.
will come twenty eight team coverage and we've signed one of the greatest goalkeepers of all suck but there was one more question and by the way it's going to be our coach. guys i know you are nervous he's a huge star and the huge amount of pressure you have to be the center of the beach but i'll be with you and you'll see all the all the great great you are the rock at the back nobody gets past you we need you to get down going let's go. along. and i'm really happy to join us for the two thousand and three in the world cup in russia meet the special one i was also appreciate me to just take the radio p.r.t. teams latest edition to make up