Has he ever checked military power & GDP between Russia and the U.S.? Russian GDP is worse than Korea or Taiwan.

guy is a storyteller, good entertainment value

Thanks RV. This is the kind of interview you won't find anywhere else, especially in the financial press. Sadly, I agree with everything Michael says. We need a revolution, starting with ourselves.

Spot on dude, we need to clean out the lot right down to Big Pharma and Education

Thanks for this interview. I think he nails the Zeitgeist perfectly. The frustration though is what is the solution? And in my view there is none that's what makes it so brutal. My personal playbook is get ready for Japan, life goes on, quality of life can be high, but it is a grind, asset prices go nowhere, deflation, rates at zero forever. Meanwhile China will rise, not to global domination but as a second pole in this unipolar world. You can like or dislike this, that's not the point, the point is this is more or less guaranteed. The US could try inflate its way out of all this but that just solves the debt issue, demographics remain an issue, China will not be stopped either, the world will change, get used to it (not that Michael doesn't know this).

I agree with most things Krieger says. The thing that bothers me is that he does not offer practical solutions. How do you break the cycle of poverty or inspire people to be leaders? Eg Many US companies struggle to find engineers. American engineers are a dying breed. Companies hire foreigners who grab the opportunity to work hard and make a life for themselves. Millenial engineers are doing extremely well for themselves (I know because I work with many of them in cutting edge application areas). The ones not doing well are people who get a loan to go to college to study gender identity, political science or a subject they will never find a well paying job in and then you are trapped in the cycle. You can't blame schools and colleges for not teaching you to be smart about picking out a lucrative career, you got to be invested in putting in the hard work and long hours. Writing about how the world should be is all fine and dandy but finding solutions that give real results and changes lives is another thing.

Is Donald Trump quietly nobbling the Fed right now, opening up the possibility of ending a century of their debt-based money scheme? The first step is that, under the latest announced emergency programs, the Treasury is now directing the issuance of new debt. From Bill Still, author of The Money Masters: https://www.youtube.com/watch?v=_ZLVxsZTYLc

https://libertyblitzkrieg.com/ is Mike's blog

what would be the affect if people just stopped! Stop buying what you don't need , kind of reversion to "Value"

Great interview. Thought Krieger was exactly right on country vs. empire and generally in his characterization of our contemporary history. Inspiring views; I need to read his blog.

This is the best investment advice I have seen on Real Vision. Kreiger is telling us to stop looking to Washington and to start investing in ourselves. That counts as an investment.

The interviewer looks stoned and struggling to pay attention. Lol

This should be made free - amazing lead generation. I'd share it wide and far.

This is the best thing I've seen on Real Vision ever. Never heard of Michael Krieger before, but I've just become a big fan.

Incredible interview. I have been saying all this for years. But his presentation was very eloquent. Introducing myself, in addition to being obsessed with global macro for the last 15 years, I am also an MD. I can tell you that the medical response to the Coronavirus is a complete cluster fuck. The degree of incompetency is mind numbing. When the Chinese built that hospital in Wuhan in 6 days, I walked around in the Doctor’s lounge I asked intelligent doctors, hey guys what do you think, should we prepare? ALWAYS WITHOUT EXCEPTION I got the answer “O we should not worry, we will be fine”. Now on TV they say listen to the authorities. Which authority? The same characters in the CDC who did not develop a test kit in January? The same characters who refused to use the WHO test kits when the WHO offered us testing kits because “ We are America. We don’t need the WHO kits”. Why is it that the WHO is staring the SOLIDARITY international trial for COVID drug therapy. And our federal has not done that. You know if we are talking about re-purposing old drugs a trial can give statistical results in 3 weeks and requires only, maybe 10 million dollars. The only trials that I know of are with Remdesivir because Gilead wants to make money. But drugs work better in COMBINATION. Why not a trial of Remdesivir + Hydroxychloroquine? Gilead will not do that because they cannot patent Hydrochloroquine. Why doesn’t the CDC or even DARPA fund a trial? No N95 masks. No gowns. No ventilators. It is completely f... ed up. Serology tests that test for antibodies are needed fo diagnose latent infection. At least one company Bioamerica BMRA has developed the test which it is trying to market to foreign countries. But it is forbidden to market it in the US. Really the jell diffusion technology for these tests are very old. Same technology as home pregnancy test. Piss on the stick and in 15 minutes you get a + sign if you are pregnant. For COVID it is done with a drop of blood. These tests are available in the UK and Europe. I emailed them. They told me that they are forbidden to export to the US. WTF??? I feel like I am working in a third world country. Yes this is how empires fall. I am afraid that Coronavirus is not just the pin for the financial bubble. Is will prove to be the pin for Pax Americana.

Well I got that off my chest. I needed to rant. I hope I was not too offensive. Most financial types don’t understand medicine. And most medical people are clueless about finance. I am a practicing MD. My area of interest is human-computer decision making systems. My obsession is discretionary global macro. But I never expected medicine and finance to collide in this way. This epidemic is going to get unbelievably worse. Florida and Michigan are probably next. The health care system will completely collapse. Very few hospital systems were prepared. Mayo Clinic was outstanding in its early preparation. Others were caught with their pants down. State and Federal agencies are incompetent. I disagree that individuals can make much of a difference in this pandemic. It is a feel-good thing to say but disaster management has to be top down. Until the epidemic curve is bent, the financial market will will continue to be sucked into a black hole. The Fed will buy everything including toilet paper. They will probably succeed... or maybe not. But Wall Street is not comprehending the death toll. A typical ass hole response from a financial person was from that Wells Fargo ex executive that he would call back to work people under 55 and yes some of them will die. The health care system is breaking. I see it every day! There is the real possibility of civil society breaking down. If you have read my post this far I thank you. I normally write just boring and intellectual stuff. Not passionate stuff.

First, I think one needs to understand, and respect, how difficult it is to do what Michael Krieger is doing. He is standing on the outside and speaking truth to power, criticizing the system itself, essentially pointing out that it is morally corrupt from the foundation up. And he is right. Yes at times he says "they" a lot, as if there is an intentional conspiracy at the top, rather than an unintentional one. But let us not split hairs: the latter is true. What we are seeing is the triumph of market principles over moral principles in all aspects of American life, and the people who get ahead in that system are some of the worst among us. We do have a leadership crisis, and a competence crisis, and the elevation of a pig to the highest office in the land is the perfect example of both.

Spot on. Its even worse in Europe. I would love his thoughts on EU. What I see is that everything that was about EU is now shutdown. Countries have boarder control. Countries ban exporting of curtain goods. Basically, the virus has exposed how weak the EU union is.

An excellent interview. I wanted to add to the discussion on crude oil market politics and maybe try to connect some dots. Saudi Riyal is pegged to USD whereas Russian Ruble is not. Hence net backs in Russia are not suffering as much as net backs in Saudi Arabia. Looking at an inflation-adjusted price chart of WTI going back 70 years, I noticed prices are scraping levels seen in 1973 right before the massive mid-1970s spike. Demand destruction in crude oil markets related to Covid-19 is immediate and very real. Supply destruction is also very real though not as immediate. Now if you believe Greta is correct, then my comment is not for you and I accept your down vote. I happen to believe (perhaps incorrectly) that a bifurcated world relying more on domestic production of goods in lieu of imports will result in consumer price inflation over time, and I don't think any central bank will be able to raise rates sufficiently because Governments have too much debt. I suspect the end result will be a repeat of the mid to late 1970s cycle.

What Michael is discussing is so obvious but it needs to be repeated over and over again because people are not paying attention or are simply aware of the problem but don't want to get actively involved. The systemic problem is not the lack of leaders but the fact that real leaders don't want to get involved in politics. The COVID 19 Act money is mainly going, like in 911 and 2008, to the people and companies which caused the issues to begin with. Most bankers and CEO's should be in jail. Until we do this, we'll never solve this economic pandemic.

USA is not the first or even largest "empire" to fall but it shall, sooner or later. As far as the USD hegemony goes, this has already begun to unravel and unlike the past countries (Libya, Nicaragua, Venezuela,Cuba, iraq, iran)who tried, this lot are too big for the US to invade. Russia with no USD denominated debt, India transacting with Arabs with their own currencies, Chinese yuan oil contracts, Russia to china gas deals within their currencies. Large government bullion purchases. These things may seem small now but that's how big changes begin.

Not sure if Mike realizes it or not, but he is describing the 4th Turning. For those who have not read it, now that you have more time, please do. It changes the way you look at EVERYTHING around you.

I do hope the it's-all-about-me generation step up and think about the (usually worse off) others?

Why no filmed on date? Bring back the filmed on date for all videos. Thank you

Excellent interview, can’t think of anything in the discussion I disagreed with.

https://www.classicalcapital.com/Ending_The_1901_Plan.html we have been here before

He is completely right. As a boomer and a hippy and as an LSD Dead Head and as a clinical psychologist, let me tell share some observations. People can change, sometimes remarkably, groups change slowly and can go backwards. Our current social values are a far cry from what I had hoped as a twenty something. But there are improvements. More fathers are emotionally involved in parenting and housework; you might think that is nothing, but it's not. Those are markers for underlying changes in our sense of reality and in the relationship between genders. Women's lib is really human lib; men have as much to gain. Policies and values that are pro-women, pro-people of color, pro-environment, pro-social networks including education, pro-union, pro-human rights abroad, go together. The other side is against all of those things. On the other side, the underlying values of the elite and the well-off are based on power - social and financial. Among the inadequately educated soldiers on that side, many want social hierarchical structure : the elite lead the masses, men have more power than women, humanity can dominate the environment. The most significant predictor of voting for Trump was authoritarianism. Another positive, NGO's have developed and are fighting the good fight and form a structure for supporting a more decent, humanistic and moral society - Earth Justice, Human Rights Watch, Mercy Corps, Southern Poverty Law Center, etc.. And let's not forget the increasing acceptance and availability of counseling; it gives people the space to reflect and become the person they want to be by discarding old beliefs. Let us also remember that this struggle has gone on throughout history. It will not be won in one generation, but let's hope this era can make significant progress. Now, with regard to re-anchoring the financial/monetary system that will probably involve Special Drawing Rights including gold in addition to the major currencies administered by the International Monetary Fund.

Why can’t I post I comment with the App?

I'd appreciate occasional interviews of people who have blown up their portfolios. I'm here to learn, the good and the bad.

I thought this was a very interesting conversation. One thing I found myself wanting to hear from Michael as he was discussing how "unwise" all the current leaders and authority are in the world, was a specific example of who, in his opinion, he would consider (either presently or historically) to be a wise leader. I think that would have helped present a context to the type of leadership he felt that the world needed. He stated that there are many out there...who are they?

People don’t change. Dr House. I don’t totally agree, but I believe in 2 years things will be back to how they were before, socially I mean. And politically. Greed is too strong an emotion. Especially with this bail out. Let the bastards go bankrupt. If airlines fail, do you think those planes are gunna just sit there and rust away? Nope, opportunity for someone else.

Stop the lootin' & start the prosecutin'...

Total scatterbrain, reminds me of Alex Jones.

Interesting discussion.

Awesome Mike, thanks for sharing. Anyone who enjoyed this should read new class war by Michael Lind...! Interesting parallels.

Michael is spot on. All of the politicians and top people around the world are from another era and they need to all be cleared out. The big problem with the millennials is that they’re too busy watching Netflix instead of engaging in the civic duty. I actually think that if Gen X started to step up and vote with their wallets, things could change faster.

when did it become unique to listen to someone state the obvious truth?

I loved this interview, Michael is a brilliant thinker with a track record to show for it. We are in the Fourth Turning, and things will radically change. Embracing it is the way forward.

Outstanding interview. Cuts to the chase.

Mostly just a bunch of rambling ...

How could a corrupt electoral system produce anything other than corrupt government?

"slave mentality" been saying it for years nitsche was never as relevant as nowdays.

Michael, you seriously believe interest rates might go up? Isn´t it just more likely they cap the yield curve / go Japan / keep reloading the bazooka?

About time Real Vision has a real American fearless Hero & TRUTH TELLER on this platform.

DAMN THIS GUY made me depressed

"Central bankism is welfare for billionaires" and until this changes nothing will move in a positive direction. No one in the Swamp in DC is even willing to discuss this because politician's campaigns are financed by people like Sheldon Adelson and Paul Singer on the GOP side and NYC hedge fund operators on the Democrat side.

I will wait for the transcript so I can easily count the number of “THEYs” used. From a physiological perspective I do not see anything that has happened in the US over the last 40 years of economic history that needs a conspiracy theory. It is a journey of massive personal greed out of balance with that of the common good. History is replete with examples. We let everyone off the hook by acting like it was not just us or it is totally out of our control. The facts and problems are the same, but the finger is not pointed away. We do not need to find a boogeyman - an imaginary figure used in scare children - when we try to correct massive problems. DLS

This reminds me of many bar-chats I have with friends, which always include at least a conspirational one. As much as I enjoy them, I don't significantly close my knowledge gaps with them. I expect more from RV. Example: Bring someone who can explain the possible concrete scenarios for the evolution of the COVID curve, treatments, vaccines, how these might impact the curve, how the curve relates to healthcare capacity, is it going to be multiple curves? possible timeline? containment strategies at hand? solution pipelines? etc. We need someone with specific epidemic know-how, someone with both, a quantitative and qualitative/macro approach.

Krieger is always a great listen. Enjoy his unvarnished truth telling. Hearing more from other truth tellers like him would be great. It would be nice to hear interviews with Ron Paul, Gerald Celente and Max Keiser to name a few.. Another truth teller it would be great to hear from on RV would be Congressman Thomas Massie. Lastly, you've had all these Covid-19 "experts" on recently. It would be really good to have an actual real expert on named Dr. Shiva Ayyadurai to discuss Covid-19? He actually has the professional background to inteligently speak about it.

Interesting, not bad, but a lot of hot air, a lot of rhetoric, not a lot of specifics on a few of the key points... But I guess I appreciate that this is on the 'edge' of where RV situates itself. Good for us to get this perspective.

Made in China 2025...Yep its happening

Don't agree with the "we got lazy" premise. It was rather all industries that were gutted & offshored that has led to the current status quo. As always a distinction must be made between the owners of the an industry & ones that worked there.

Kreiger's knowledge and brutal honesty is excellent, insightful and appreciated!