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This is Luke Rudkowski of WeAreChange and today we have the one and only Max Keiser. He is a good friend of mine although we haven’t spoken in a while.
The last time we talked we discussed the financial system within the United States. With the debt now passing 20 trillion dollars and all of the many bubbles out there. Bubbles like the bubbles in derivatives, student loans, and the real estate bubble. You’ve been covering the finances of the world for a very long time. The last time we talked about what kind of economic troubles you see as a major problem for the United States? It seems like only a matter of time before these bubbles catch up with us.
Max Keiser:
I would say the number one bubble today is the bond bubble. Let me explain a little bit about what I mean. There is the sovereign government bond market, and it is trading at multi-hundred-year highs. In America, we haven’t seen bonds trade at this high of a level in 240 years. This is the same for Great Britain which has not seen bonds trade at these levels in over 300 years. The inverse of this bond price bubble is interest rates.
Interest rates are at historic lows because the central banks are in the business of keeping their brethren banks from having to declare insolvency. They do this by buying from them all the junk on their balance sheets. So whenever these banks accumulate some nasty asset, they then sell it to the central bank, and they store it for them. That’s how you get to that four point five trillion dollars worth of assets on the Federal Reserve balance sheet.
Then Janet Yellen will go on TV, and she’ll talk about this need “to unwind these assets” meaning we’re going to start selling these assets. However, that’s impossible because that would mean interest rate would need to start creeping up. That means that all the efforts to keep these banks from declaring insolvency would fail. They’d have to start reporting that they are insolvent. All the major banks in the US, Deutsche Bank, big European banks, along with all the banks in the UK are all technically insolvent. They must keep interest rates low.
Many people say that a bubble that will burst and that it’s only a matter of time. I have an alternative hypothesis; there’s another possibility. What we see in the U.S. is effectively the entire stock market being taken private. There are a lot of leveraged buyouts on Wall Street. That is where one company buys another company using debt by pledging the assets of the company they’re going to acquire as the collateral for the loan. They then buy the company, and once they own it, they start selling off the assets to pay back the loan. That’s a leveraged buyout, and this is easy in an environment like today where interest rates are near zero. They can borrow billions and billions, and billions of dollars and the interest costs on this is almost nothing.
There’s no regulatory monitoring this, so no one’s stopping any of these deals from occurring. The media business is consolidated down at just two or three players and its the same in the banking business. There is now just a few players in all verticals of American industry. It’s all narrowed down to just two or three players from this ongoing process of consolidation of buying everyone out.
We’re at a point where the entire market is at risk of being taken private with no publicly listed stocks of any consequence available. That could be the end game. Instead of a bond collapse occurring with interest rates spiking and a normalization period we could get something entirely different. We may be looking at a situation where all the assets are held and totally in control of a tiny minority of players. Where they control the entire Monopoly board.
That would mean that wealth and income gap levels will stretch to feudalist lord levels. You’ll have fiefdoms, and you will have serfs. In a way, you already have the prison industrial complex that is paving the way for this. The average American already has less than 100 bucks in savings and are one paycheck away from insolvency. The health care costs are beyond the reach of just about everybody. The prices are not commensurate with a well-educated population. So all the pumps are being primed, and that’s what I see as the endgame.
So is it a bubble well, yes. This alternative outcome could take hold with the most extreme form of wealth and income gap you can imagine. Essentially medievalism is in the cards. Unless there is a trend reversal, otherwise we’re heading toward Lords and Serfdom.
Luke Rudkowski:
You brought to my next question very few people I think it’s around one percent control over 83% of all stocks in the publicly traded markets. We’re seeing that control happening, and I have to admit that these banksters the big Goldman Sachs, the JP Morgan Chase players of the world are very resilient. They make up new rules, and they’re playing their own game that they invent as they go.
They’re getting away with so much. Even in the housing market crisis. People saw that a year before that it was going to happen, but they were still able to hide and postpone it for a year. When it hit, they used it as an excuse to generate more revenue for themselves from the state and to get bailouts for their mistakes. All the while they were robbing everyone blind.
I do think that there is a possible future in this kind of feudalism because they’re not playing by standard economic rules. There is no way you could continue economically with so much debt and debt creation. I see the war industry as a significant transferer of wealth, especially within the Pentagon.
If you look at taxes in the United States over 80% of them, go towards defense spending. Do you see the military-industrial complex or do you see the bankers as being more responsible behind the scenes? It is the wars that are ultimately making the Empire stronger right now?
Max Keiser:
War is the greatest business of all because you make the most profits when you drop a bomb that cost 50 million dollars to make. You make money selling that weapon and when you blow up the bomb. Then you can sell another bomb. There are two industries that make a lot of money both war and prisons. That’s where you see a lot of the activities of corporate America migrating into war and in prisons.
Then there is the interest rate arbitrage or financialization games. They’re just playing balance sheet games to rent seek and extract wealth and leech money from the system. This is an interesting point because of the whole history of finance and markets. In America the point of the checks and balances of the country along with houses of government and the way that the press set up like a Fourth Estate to be another check on power. This is all meant to encourage competition.
I’m a free market proponent but what you have now is the complete absence of competition. Without competition, there can be no organic GDP growth and therefore no actual growth. Since there is no growth, there are no savings, and without savings, there’s no capital thus no capitalism. You can’t have capitalism without capital, without a rate of interest that pays people to save money. You see there’s no incentive to save money there’s only the incentive to commit fraud.
The situation is survival of the of the most fraudulently inclined. It’s a kakistocracy which is rule by the least capable of society. The root word is caca which is the word kids would say caca meaning shit. That’s the Greek preface I believe meaning ‘shit’ and it’s a shitocracy.
Luke Rudkowski:
I couldn’t agree with you more. A subject I want to discuss is Bitcoin and other alternatives since we’ve seen it enrich a lot of people. There’s are worries with Google, Goldman Sachs, and other mainstream players getting into the game. Do you think cryptocurrencies with the use of encryption and all the latest technological advancements are going to help deal with a lot of the problems with this fake economic system?
Max Keiser:
Yes, I do think it’s a solution since you have people controlling their own sovereignty and wealth under their own private keys. That property is unavailable to any regulator of any government. It’s your wealth. Unlike when you put money in the bank since the bank owns that money. You don’t have access to the money if the bank says they want it. If they want the money they’ll, have the right to take it.
We saw this with the Swift system being shut down with countries like Iran. We saw PayPal shut off for Julian Assange and WikiLeaks. They can shut down these systems at any time they want for political reasons. However, with Bitcoin, they can’t-do that.
Luke Rudkowski:
Do you think Bitcoin could be taken over by the same powers that are destroying the economic system?
Max Keiser:
That’s why Jamie Dimon and Wall Street are freaking out. They’re saying that “Bitcoin is a fraud and that bitcoins are horrible.” You have to understand that if it were possible for Wall Street to quietly manipulate the price of Bitcoin and control it they would, and we wouldn’t hear from Jamie Dimon. He wouldn’t be screeching at the top of his lungs that this is a fraud.
It’s amusing that it’s come to this where this most powerful banker on Wall Street is reduced to shouting on the street corner. He sounds like some tin-pot street corner Jesus bible-thumper espousing the evils of Bitcoin. This is because of all the stuff that he grew up doing. His whole business model and all of his wealth have been entirely built on illegal extraction and every other underhanded Ponzi scheme dollar inflating political con game imaginable.
He’s now reaching the end with bitcoin, so I think that’s the answer. I believe that it will be resistant to the type of games that Wall Street plays.
Luke Rudkowski:
Thanks, Max you’re awesome. Thank you for your news and analysis. Check out more from Max here is the link to his RT TV Show and his website.
I want to thank all you amazing, beautiful human beings for watching and subscribing.
Stay tuned to real independent media. Love you guys.
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Hey everybody Jason Bermas reporting for WeAreChange.org. Today I want to talk about the left and Berkeley. To start, I want to remind everyone that I lean neither left nor right instead I believe in right and wrong. I think both sides need to be called out when they are acting inappropriately or just downright insane.
I think that’s what we have here at Berkeley University.
“I think we should classify them as a gang. They come dressed in uniforms they have weapons almost a militia.” – Fox News
“Our news crews found that most of the conservative demonstrators in the park yesterday were Trump supporters who repeatedly denounced Nazis and racists.” – Fox News
You see it seems like people can’t go and speak their minds without a violent protest breaking out. Often events are being canceled altogether. I’m talking about speakers like Ben Shapiro and Milo Yiannopolous. I don’t agree with them all the time either, but I think some of their points are very valid. I think that they present their ideas well and they should have a forum to do so.
My point is that groups like Antifa are quick to go to these events. However when there are more important issues to protest they remain silent. Examples of which occurred at the beginning of September. Left-leaning publication Huffingtonpost.com published an article that painted the president as anti-science.
To the rescue came Jeffrey Epstein, a convicted pedophile, to give hundreds of millions of dollars to scientific research. The media pointed out that Harvard University is getting some of this money, so where are the people protesting at Harvard?
Epstein has his foundation that is funded research into HIV, cancer, artificial intelligence, and he has even worked with people like Steven Hawking. I don’t know about you, but I feel like this is worth protesting when accredited universities are taking millions upon millions of dollars from convicted sex offenders. It’s outrageous, and it’s not the first time that this has happened.
In 2012 there was an unreported story, but there were rumblings that the Penn State case with Sandusky was a child trafficking ring for certain people. Individuals who were donating to his Second Mile Foundation and the Penn State University itself.
“I hear that there are rumors of more shocking developments from the Second Mile Foundation. Hold on to your stomach’s boys this is gross; I will you know that I’ll use the only language I can. Jerry Sandusky and Second Mile were pimping out young boys to rich donors. Okay. Being investigated by two prominent columnists even as I speak.” – Joe Paterno Former Penn State Coach
“As the school administration grapples with an explosive email sent this week charging Preps late football coach Phillip Foglietta who spent 25 years in his post until the early 90s. He was tied to a child prostitution ring once utilized by disgraced Penn State defensive coordinator Jerry Sandusky. The email was written by 48-year-old Greg Bucceroni of Philadelphia who told the Daily News that he was a child prostitute when he met Foglietta through Jerry Sandusky. They met at a 1979 State College event for Sandusky’s charity ‘The Second Mile.’
It was published in Radar Online that witnesses saw billionaire donors molesting young boys with Sandusky on private jets. This has never really come to light in the mainstream media. We know now that his son is also a convicted pedophile so obviously, more than one person was doing this. However, the left remains silent.
I think it’s time that all of us start picking and choosing our battles based on relevant information and issues. We need to stop chiming for one side or the other. We need to stop hyping that which is pushed by the media and on television.
As always if you like this video, please subscribe and share on social media. You can follow me on twitter.com/jasonbermas. Please visit wearechange.org and donate. It’s only through your financial support that reports like this one are possible.
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The U.S. corporate government media is pushing the controversial “Take a Knee” protests that some players are doing. Most Americans are playing into this racial divide and conquer techniques.
Many are outraged because they see the act, of kneeling during the playing of the national anthem, as a sign of disrespect. Colin Kaepernick started kneeling during the anthem back in 2016. He did it to protest what he views as racially motivated police shootings that had happened that year.
Kaepernick, along with many other players in the NFL, have now made this a regular protest before American football games. The patriotic outraged that has grown from this has been pumped into American households by the mainstream media. It has even become a talking point of current president Donald Trump who has called for a boycott of the NFL.
What the mainstream media and those pushing the racial agenda are leaving out is the story about Eric Graner. Eric was a man who was choked to death by the NYPD for selling loose cigarettes. His widow has come out to say that the issue is not one of race but of police brutality.
Even records leaked about the Eric Garner case had shown that the problem had to do more with lack of discipline and proper training that has fostered the environment for such violence to take place.
The fact of the matter is that there is a police brutality problem in the United States, but it is a problem that has more to do with the police becoming the enforcement arm of a criminal empire that replaced the constitutional republic. Having criminals investigate the actions of their hired thugs will always almost end in favor of the thug. This was also the outcome of the Eric Garner case, and after the Police officer was found not guilty of any wrongdoing, those in control of the media played it to further the racial divide, which led to many protests and rioting throughout the country.
These type of over sensationalism and racial divisions are simply games played by those in control to keep the people distracted from the real problems that are facing the nation. Real problems that effect everyone like the death of the American Dream.
That President Bush was warned of the attacks on 9-11.
That there were no weapons of mass destruction found in Iraq.
Even the fact that the current president has stopped listening to the people and now only listens to the Goldman Sachs alumni. The same people that make a profit when the U.S. goes to war.
The NFL didn’t even have the players on the field during the playing of the national anthem until 2009. That is when the Department of Defense started paying the NFL to make the games more patriotic to boost recruitment. People are saying that the NFL needs to stay out of politics. Perhaps it’s the politics that need to be removed from sporting events.
As always if you like this reporting, please visit wearechange.org/donate because it’s only through donations like yours that this is possible.
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In this video, Luke Rudkowski of WeAreChange gives you the latest breaking news on Bitcoin Jesus Roger Ver new project that will create a new country based on the principles of voluntarism and the NAP non-aggression principle.
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This is Luke Rudkowski of WeAreChange here at the Nexus conference in Aspen Colorado. I am here with a lot of amazing speakers who have many incredible ideas, and one of those with great ideas is the one and only Roger Ver. Roger is transitioning from being Bitcoin Jesus to the creator of a new country that is “not a country.”
Roger Ver:
To be fair, we’re trying to create a noncountry. For anyone who’s read a book by David Friedman called The Machinery of Freedom, we are working to implement those ideas in reality. We’ve already raised more than a hundred million US dollars, and we’re working on figuring out the appropriate way to allow the public to participate as well. I think we’ll raise over half a billion dollars.
We’re going to approach different governments around the world and ask them to sell us some of their land and grant sovereignty on that land. Then we’ll set up a free society where the main rule is simply to not aggress against other people. The non-aggression principle put into practice and so we’re going to have the world’s freest noncountry in the entire world.
It’s a fascinating thing you know, it’s in the works, and it’s happening. We’ve already started some negotiations with a couple of different countries. We were pleasantly surprised just how interested they were.
Luke:
I was going to ask you how is the process of starting your kind of sovereign territory. You were talking about this during your speech. It is going to be based on the principles of non-aggression on voluntariness. How do you even get started in that process and obviously you can’t get can’t get into great details but what kind of agreements are you trying to work out with certain countries?
Roger Ver:
The idea is for them just to sell us the land and say you guys do what you want with it. We will probably have to make some concessions. We’ll probably have to have promised them that we won’t export any drugs to the original country, no nuclear weapons, and things like that. For the most part, this is going to wind up being the freest country in the entire world. Look around the world, the freer the country is the more economic prosperity they have. So not only is it going to be the freest country in the world. Pretty quickly it’s been going to become one of the wealthiest countries in the world as well. It will be a noncountry to be clear. No taxes and no government whatsoever everybody will deal with everybody else on a voluntary basis.
Luke:
It’s just kind of like a Hong Kong China kind of relationship that you’re looking forward to establishing with another country.
Roger Ver:
The devil is always in the details. Hopefully, we can have an even better deal than that of China and Hong Kong since their 99-year lease is up. Hopefully, this will be permanent, forever, and a good deal for everybody involved.
Luke:
How do you even go about some of this? Do you need some rules, some deadlines, how will this operate?. How do you decide who you will allow into the noncountry? What are some of the basic provisional ideas that you’re looking to incorporate into this new country that’s not a country?
Roger Ver:
So the property owners themselves will decide who’s allowed on their property and who’s not. We will set up the initial Constitution with the fundamental rules and you can kind of think of it like a homeowner’s association that lays out the ground rules and then everybody has to abide by that forever more. That’s going to be the idea and off to the races from there.
Luke:
That’s a big idea. What made you go after this venture and what problems in society made you see this as a possible solution.
Roger Ver:
If you look all around the world, there’s no place where people that believe in voluntary human interaction can go. We need a place like that even if you’re not a libertarian. Even if you’re not a voluntaryist, you should support this project. If you think governments are great, then you should still support our project. If we go there and we set up a place for no government, and it fails because chaos takes over then you can point it out and use it to demonstrate why people need government. Give us a chance to try these concepts out, help us and participate.
Luke:
How would society run in this kind of new country that’s not a country?
Roger Ver:
I think pretty much the way everybody deals with everybody right now. Everybody in their day to day basis deals with everybody on a voluntary basis. Starbucks asks you to buy their coffee they don’t tell you to buy their coffee. You invited me to be on your show you didn’t force anyone. Everybody deals with everybody on a voluntary basis all the time every day except for robbers, murderers, rapists, and governments. We don’t need the coercion from governments either, so we’re going to try setting up a place that doesn’t have that either.
Luke:
It’s all going to be based on volunteerism and the non-aggression principle. As far as taxes or any authority or security or police how will you get around some of the bigger kind of societal problems that people face? I know this is still bare-bones and just starting off. The idea of this is very fascinating, and I know a lot of people online are probably going to have a hard time grasping how this is even possible. If you could lay out some more details like who’s going to build the roads and act as police? Who’s going to get taxed and you know on and on and on so
Roger Ver:
First of all, there will be no taxes whatsoever. Taxation is theft, so we want to minimize the amount of stealing and coercion. As far as who will build the roads people who want to use the roads will come together voluntarily and figure out how to do that. Here is an iPhone right this allows me to connect with anyone anywhere on the planet. This phone is an amazing piece of technology that tens of thousands or perhaps hundreds of thousands of people had to cooperate to produce. It is far more difficult to produce a phone than a flat spot on the ground. I’m not concerned, people will be able to figure out how to build flat spots on the ground.
If you want to know the details of how this is all going to work, purchase a book called The Machinery of Freedom by David Friedman. It’s a fantastic read, and it lays out all the details of how we envision this will work. We won’t know until we try. We’re going to try, and we’re going to find out.
Luke:
I think that if there’s anyone that could pull this off, it’s you. With all the incredible projects you have been working on before. Is there anything else you want to tell the public about this new project? Is there any way people could get involved in this new project?
Roger Ver:
Visit our website freesociety.com and sign up for our mailing list. You can read our white paper and learn all about it. We have a Slack channel setup. This is going to happen. We already have a hundred million dollars worth of capital committed, and we haven’t accepted any money at all from the public yet. Soon we will be doing that as well. This is going to be a big deal, and this is going to happen. It’s happening so please get involved.
One last question are you going to be president or leader or founder are you going to have any role?
Roger Ver:
There will be no president and no government. We won’t issue passports nor will we join the United Nations. We’re going to sell off all the land to private people, and then they’ll get to do what they want with their land. Within the provisions set up by the initial constitution in the land title deeds. So no presidents, no leaders, no masters, no rulers, no slaves, none of that.
Luke:
Awesome idea, thank you so much, Roger, I’m excited about this project I’m going to be staying close contact with you.
Stay tuned for more developments on this YouTube channel and thank you so much for watching and subscribing.
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I just had Luke Rudowski on Anarchast to talk about what he’s been up to recently. One of the things we discussed was just how censored Luke had been and continues to be by Facebook and Youtube. Luke touched upon some of his suspicions as to what is going on as well as his […]
The post Luke Rudkowski: Sheds Light On Suspicious Actions Of Google And Domineering Media appeared first on The Dollar Vigilante.
Hi everybody Jason Bermas here reporting for wearechange.org. Today I want to discuss the supposed North Korean missile non-crisis. The one, the media, and government, alike are shoving down our throats.
“North Korea’s reckless pursuit of nuclear weapons and ballistic missiles threatens the entire world with unthinkable loss of human life.” – Donald Trump U.N.
“Breaking tonight. Brand new threats from North Korea as they warn the U.S. of the ‘Greatest pain and suffering'” – Anchor
“So we’re out of we’re out of time now in North Korea.” – H.R. McMaster
“We will have no choice but to totally destroy North Korea. Rocketman is on a suicide mission for himself and for his regime.” – Donald Trump U.N.
“Are you one of the authors of rocketman as a way to describe Kim Jong-Un? Do you think that kind of rhetoric helps?” – CNN Interviewer
“Well, it’s an accurate term.” – H.R. McMaster“We should never accept a North Korea with nuclear weapons.”
“Don’t they already have them?” – Interviewer
“That’s that’s part of the problem, so I think we’re at a very perilous point now.”
This narrative is extremely dangerous because if something were to happen in this country and it had any ties to North Korea or perhaps had no ties at all, they would probably be the first target.
I’m going to tell you why that is utterly impossible. In 1983 Reagan put into motion a program that is rarely talked about these days. It was called Star Wars, and it ran until 1993. It used directed energy weapons as well as ground systems and space-based weapons to knock out ballistic missiles.
We would be foolish and amiss to think that this program was scrapped or unsuccessful. It looks as though it was highly successful. Just this week Lockheed Martin has shown Athena its directed-energy laser weapon easily shoot down drone targets.
Is this technology publicly available to knock out ballistic missiles yet perhaps not. The fact of the matter is we have no idea what kind of technology the military uses. Most of its cutting-edge technology is still classified. Another reason this is dangerous is if there were to be an attack in this country and it was to be blamed on North Korea it would more than likely be a false flag. Unfortunately, Trump has been guided by the banksters and the military personnel even though many of his followers don’t want to admit it.
It seems that they want to bring about a war in this country and it’s extremely dangerous. Do you recall all of Trumps talk about non-interventionist policies? However as soon as something happened in Syria, he bombs them.
“I now have responsibility, and I will have that responsibility and carry it very proudly. It (Syria) crossed a lot of lines for me. When you kill innocent children, innocent babies babies, little babies with a chemical gas that is so lethal people were shocked to hear what gas it was that crosses many many lines. Beyond a red line many, many, lines.
I and the global public alike are still awaiting the evidence that Assad gassed his people. This has been wrongly accused of him before and proven to be a lie.
“During our investigation for crimes against humanity and war crimes we collect some witness testimony. That testimony was made to appear that some chemical weapons were used in particular a nerving gas and what was what appear on our investigation that was used by the opponents, by the rebels.”
Folks we have to take a look at where this is going with North Korea because this could be a very very dangerous mistake.
As always if you like this, please share it on social media hit the subscribe button follow me on Twitter.com/jasonbermas and if you can go to we arechange.org/donation it’s only through your financial support that reports like this one are possible.
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