A private cryptocurrency a global basis is good with the future of medium of exchange and stores of value around the world. You know as well as a doctor living in Interesting Times someone once called it the age of rage because we have global unrest and global protests that are all stemming from bad years and years of bad Monetary Policy collapsing currency and financial inequality as actually summarized earlier so this created the perfect storm for just a huge disruptor like big point to emerge as an equalizer for all the citizens who are being affected so when theres unrest when there is uncertainty people want to regain some lengths of control and crypto is the big equalizer here and something that happened really recently was malaysia last week the u. S. Told malaysia that any iran ian citizens cannot have a bank how you go out and close all the Bank Accounts. Well how is that fair this isnt targeted theyre not targeting any Government Entities this isnt targeting any terrorist financing ordinary citizens are now being affected whether youre a student youre a farmer youre a construction worker every Single Person every single iranian citizen living in malaysia not even living in iran is being affected and now they have no access to Capital Markets they have no access to banks how is the city how is someone living in malaysia supposed to survive if an entity such as the u. S. Can come in and strong arm the country into shutting down your Bank Accounts like you said kristie a lot of these people are now relying heavily on these crypto currencies but could countries really ever block the use of them because theyre becoming so popular. Because of how all of the sudden. Well its going to be on ramps and the sea on ramps and the off absent are a problem theres absolutely no censorship in the network itself so if you own crypto you can pay with crypto you can own a transfer and thats one thing but if every tried to move in and out of the National Currencies thats where governments become very significant they can they can ban a 2nd taxes they can regulate its they can regulate the exchanges and i must say over the last 11 years thats become the big problem in the crypto world so its becoming its own ecosystem and and its really true that the worse governments get the more sense sorious they get and the more regulatory they get the more theyre incentivizing people just to get into crypto and stay there to provide for their meat needs and provide a permanent sort of wealth and thats whats very interesting about this kind of dynamic between governments and the Banking System on one hand and crypto on the other is more and more people are being incentivize just to get into cripples stay there and thats fascinating thing that in the 1st world you see in the countries with a lot of political instability kristie its up to say about that. Yes we actually seen this happen before in 2017 china actually banned cryptocurrency and then also around the same time india also issue regulation to start to stop because of mining as well but ever since then the regulation in india theyve been trying to bring down a new law that actually bans ownership of crypto currency that you can actually go to jail or be heavily heavily fined for even owning their currency however despite these bans by the Central Government crypto currency trading has actually accelerated in india in the past month this actually came out over the past week and now that the currency trading is actually up 13 percent for the month and so this will actually affect 5000000 indians if this were to pass so even if the Central Government is banning cut their currencies weve seen that in china that that does not work the regulation came out in 2017. And yet china has remained the undisputed leader in big point mining china is also a leader in crypto currency trading as over 90 percent of trading activity happens around asia so even with the Central Government trying to quash down the tide of crypto currency and watching technologies weve seen that as long as you have access to the internet crypto currency and blocking truly makes it a huge equalizer game for ordinary citizens and jeffrey i want to actually play off of what christy just said theyre talking about china because theyve kind of rolled back some of that now that you see the u. S. Is very restrictive on crypto currency but most recently china said its looking at implementing crypto currency on a massive scale and that would include bringing in wall way into the mix is the u. S. Falling behind on this. Its been its been going on for about 5 years so you have to slightly roll back and understand what happened when because it is invented it was dismissed for Something Like 3 or 4 years nobody took it seriously and then for the next 2 or 3 years people thought well this is a tool for geeks it doesnt really matter banks are all some of the dollars awesome theres not going to be the competition but then as time has gone on weve seen that things are getting more and more serious so the Us Government and you can see it in the debates in congress in the senate in the house and the way the regulators are talking this trying to get scared and panicked because of crypto really does become a big mainstream thing it disables Monetary Policy and it actually threatens the legacy incumbent financial powers in the u. S. So that were going to see growing fights over this in the u. S. And i think the days of laissez faire in the u. S. And terms of crypto are truly over we saw how abusive the congress was towards as october who wanted to have a very innocent idea of starting a new currency and next thing you know is treated like some sort of criminal well were already seeing growing fights like you said and even india has played instructions around whos playing restrictions on big coin but well see what happens here and continue to follow kristie i and Jeffrey Tucker thanks so much for your time. As the global macros look to be increasingly dismal could the enthusiasm and hodler jermain unphased this years volatility in the market is short term when the real value is in the network and its growing hash rate theres transaction volumes and the wallet numbers all which have continued their upward trajectory this year and for all the naysayers out there looking at the price movements lets not forget that year today point has more than doubled its price what other asset class has done that legendary investor roger very is the founder of a coin dot com and is absolutely relentless in his endeavor to promote the Widespread Adoption of bitcoin as a means for Economic Freedom roger was a key figure in the big win for can 2017 where he advocated to increase the number of its transactions the ledger can process by increasing the block size limit the argument for this was to tree bake white as a transactional currency rather than just a Digital Investment this comes to a head forcing the network to fork into bitcoin core and bitcoin cash with roger at the helm of bitcoin cash while in singapore earlier this year we were able to catch up with roger to discuss the state of the entire cut the industry. Im sitting here as roger very chairman and c. E. O. Of make wine dot com is a pleasure to have you great to be here thanks so much so i think the 1st thing i want to ask you is how the hotshoe are going to house was all done and over and now theres 2 versions of bitcoin theres decline cash in decline core because in cash is the one thats most similar to the bitcoin that i got involved with back in 2011 the one that i was confident is going to get worldwide adoption in commerce and make the world a better place for everyone and thats fine theres a promoting decline cash today i wish the big point for people good luck with their coin but its not something thats interesting to me because its not useful in commerce the Payment Transactions are slow expensive an unreliable on b 2 c. Theyre fast cheap reliable because in cash you dont have to be a rock and scientist or an economist to figure out which one of those 2 versions of bitcoin is going to be more proper. In the long run and i hear that you guys im now moving into trading a big one cash derivative. Weve started that process they havent gone live yet but we did launch our exchanges exchanged up to coin dot com just earlier this month so anybody anywhere in the world can trade a bunch of different type of currencies within the other one but even more interesting than that we launched in june local dot decline dot com that lets anybody buy or sell decline cash for any Payment Method in any country with anyone with no k y c required for the coin dot com so it works in every country in the world for anyone any Payment Method thats a really big deal and i think a lot of people are real im aware that that exists so local topically dot com is a real game changer hourly pay pay pal we chat duffel bags of cash at midnight any Payment Method in any country anywhere any amount local topically dot com i know you love a calling card but you said that you like anything that works so what elsewhere i think theres a lot of coins out there that work but one of the things thats really important is the Network Effect and i think thats the only reason why b t c still has the largest market cap is because it has this big Network Effect and its riding on its own coattails but if you look at bickley cash its Network Effect is growing every day and every weekend more more stuff is happening but i like dash i like the cash i like the coin i like anything that works ripples another fantastic one if it works or if its useful people are going to use it so look for the ones that are useful thats the one people are going to use and i are involved in a lot of projects which projects i am most bullish on im most bullish about peer to peer electronic cash for the world thats what got me so excited back in 2007 when i entered the space and thats what im so excited about today because if you can unable to people to be able to frictionless least in the receive money with other people all over the planet youre increasing the amount of Economic Freedom in the world and here in singapore this is one of the most economically free countries in the world it became one of the most wealthy countries in the world because of that Economic Freedom so lets bring that Economic Freedom to the entire world through peer to peer electronic cash and i think the coin cash is the crypto currency that has the best shot at bringing the most Economic Freedom to the most people around the world and thats why im so excited about the coin cash today completely agree and that entire process was completely fractious and now its amazing how the 1st barrier to entry. Actually converting this paper money into currency in the 1st place and thats like one of the huge barriers to entry how you anticipate on something local that because dot com any Payment Method in any country for any amount you can buy or sell big cash with it right now today check it out but some will and Still Holding the cash dont be the bad holder Holding Us Dollars or euros or that old traditional money going to your crypto currency today because it works better and if i have i have some paper bills in my pocket right now i cant send them to somebody else on the other side of the planet i can even send someone on the other side of town with cash i can literally sent from here to anyone anywhere on the planet for a 10th of a penny instantly just like that with with no permission required from anybody so right now in the u. S. Cracking down on the regulatory do you see them falling behind in the global scale in terms of technology and tech and everything and whats your opinion about that the u. S. Is falling behind on everything the more friction you put in place to progress the less progress youre going to have in the u. S. Is doing a really good job of putting up all these barriers to the advancement of humankind and thats why were seeing so much stuff happening outside of the u. S. More and more and it breaks my heart to say that as someone whos born and grew up in the heart of Silicon Valley man if you make things difficult for people to do things in demand isnt as it is you know massive exodus where which country to do what you want to do i wish i could say that there is one promise land where everybody can go and do anything thats peaceful that country doesnt exist yet but lots of countries have lots of things going for them and of course singapore is one of the ones thats one of the most economically free countries when it comes to financial things and businesses but man dont have any chewing gum here or dont try smoking a joint youre in a world of a world of trouble whereas in california you can chew as much gum and smoke as much dope as you want but if you try and start a business doing those things theres going to be all sorts of red tape in regards to it so i guess you have to figure out the things that youre most interested in your own personal life and then figure out the part of the world that suits your needs and your wants the best and move there all right so what where you what are you working on next im really really excited about bitcoin cash based tokens you can basically have tokens on the big chain. That function like anonymous bearer shares that are able to receive dividends thats amazing in the history weve had Dividend Payments and weve had anonymous bear shares i dont think in all of Human History weve ever had anonymous bear shares that were able to collect dividends that now exist on big point cash and so its a really really really big deal thats amazing and one of the big one of the big criticisms against op was actually the security aspect of it that it somehow makes a token lesser care but you have to say about that i think security tokens meaning like Financial Security and security is in security from hacker exactly are 2 Different Things so my advice to everybody is hold your own private keep yourself keep your cryptocurrency yourself and then youre at nobodys mercy but your own and the big dot com wall of course is a fantastic way to do it but thats true in any case if youre using an exchange its ok but put your money and trade boudreaux your money back to your own wallet which you control the coins yourself thats good advice and all these big hackings weve heard about in the cryptocurrency ecosystem in the past those only happen when people are trusting their coins with somebody else if youre holding your coins yourself youre much much much safer against those sorts of things your passion is astounding i love it roger very thank you so much bank manager. Its on now for a quick break but hang in there because when we return what we tend to look at the positive growth of cryptocurrency well not everyone is on board well in singapore kristie spoke with investor and author jim rogers to discuss his skepticism over the growth. And what trends can we look out for in 2020 kristie theyre going to talk about that. It. Seems wrong. Just dont hold. Me. To shape out just because the ticket and engagement equals betrayal. When so many find themselves worlds apart. Just to look for common ground. Welcome to max kaiser what is. Looking forward to. This is what happens to pensions in britain. Watched as a report. Thousands of american men and women choose to serve in the countrys military and the decision. Every came to a complete. I was right. You know. To kill me and i see how destroyed my life any screamed at me in. My own. Right mean. If you take into account that women dont report because of the extreme retaliation and its probably somewhere near about half a 1000000 women have now been sexually assaulted in the us military rape is a very very traumatizing tapping but ive never seen trauma like. Women who are veterans who have suffered military sexual trauma reporting rape is more likely to get the victim punished the offender and almost 10 year career which i was very invested in and i gave a sex offender who was not even put to justice or put on the registry this is simply an hour in violence male sexual predators for the large part of target whoever is there whether thats men or women. And welcome back well no secret here we are advocates of cryptocurrency and the brave new world of affords but not everyone feels the same way we do in fact. In the traditional investing world dont really see the viability of the worlds Fastest Growing asset class thats to put it nicely right now in singapore kristie you have the opportunity to sit down with world renowned investor and author jim rogers who does not. Feel the same way we do the 2 start of the conversation though by talking about the troubled state of the worlds Central Banks take a look. Take a look back in history in 1908 we had wall street they actually bailed out one of the main hedge funds back in the days of long term capital and then we had in 2008 as you point out the central bank they bailed out wall street so we have a name and brothers and that we had goldman on j. P. They were also on the bank and so now in 20182900 with all of these banks now pumping money and now in massive debts who will bail out the central bank when it comes time. Its welfare for the rich you know if youre rich they want to you need help and youll call up the central bank and youll say its western civilization you must save me the central bank doesnt i want to better their bureaucrats and academics and so theyll save their friends or wall street if youre a problem or into lido and you call up the central bank and say youve got to save us they wont take your call so yes the Central Banks and the government to some extent have some power left and what will happen is when things get really bad then the Central Banks will try to do something because a big rally but. The markets going to say we dont care were not playing this game anymore and that will be the big big big collapse and it will be the largest central bank would be the worst by a bear market in my lifetime and over the year when im older than all it will be the worst bear market in my lifetime in your lifetime so do you think that theres something inherently wrong with the current Monetary Policy if you do see a day that the Central Banks can. Of course theres something wrong what are you talking about i mean these guys are pretty staggering amounts of money the debt all over the world is skyrocketing 2008 we had a problem because of too much debt oh my gosh since then the debt is going through the roof everywhere nobody has practiced austerity they talk about austerity. But they havent done anything about it no no no theres no law that says Central Banks. Maybe. Just print print print print print but thats failure because if the currency goes to nothing or goes down a lot you and i are not better off so its a lost of confidence and money so where does that leave us then we go back to something such as the orderly pivot towards something more modern such as crypto currency well throughout history when people lose confidence in governments or money theyve always turned to gold and so it doesnt matter whether they should or not they always have and they always will or already turning to crypto currencies crypto currencies are all going to 0 in the end in my view but some people who are rushing to them no. Fun but theyre in my view i rather own gold and silver because it thousands of years of all of us who bought gold and silver when things go wrong. Actually i have a different opinion i do believe that. Gold and that is the way of the future good coin is the one bitcoin is digital gold the correlation right now between bitcoin and actual physical gold has tripled in this past year especially now you see. Me on board and you see the Central Government such as sea diving into currency and trying to put the yen on the digital ledger i believe the singapore government is actually looking into that as well so why do you think that. What youre trying to use money is on the can all the money is going to be on the computer theres no question about that yeah if i was in beijing you know they tried to buy my screen poor woman couldnt so i had money remember that it had to be done this year david i wish obama were saying you sure something money is going to be on the puter it already is places but thats different from crypto currency you know crypto currency is not backed. Approved by anybody except maybe you in the 1930 s. Before the people would use anything for money they. Could print their own money and people would take it so you could use anything but then the central bank in england which was the most important the world the bank of england said from now on if you use anything for money except our currency it is an act of treason you know treason may say execute you so people stop using all these other things. I could bring in money. The krypto say were smarter than the government and they are you are certainly smarter than the government but the government has the guns and the government says youre not going to use that stuff anymore youre not maybe you are but most people are going to stop because they know that being hanged for treason is not a good experience and so i think thats a very fair point that right now money is just primarily backed by military might but in certain countries right now such as south africa some other very well countries where there is huge amount of political instability there are actually currently using decline places like argentina they are using. That simply because the military the government actually cant back up their currency so through that i think they have. Taken it by the grassroots and will spread it that way so do you think. The things you said are actually correct but more people in places like that are using gold and silver. In places like. To be there recently trying to figure out whats going on you know if the computers go down or if the lead tricity goes down which usually happens in places like this what are you going to do and i scream in beijing if the electricity goes down but she will take my silver coins when i go to her place more trust in physical gold. I have more confidence in. Crypto currency that i do a fair amount of gold and so yes what about the recent one about the recent thing that came to light about the fake call now infiltrating the supply of the gold speculation about that all seeming that the authorities have absolutely no lead on who is doing it and how much all there actually is in circulation right now thats one reason that when i buy physical gold i prefer to buy gold coins because its less likely that they will be counterfeited but you are correct but paper money is counterfeit bitcoin is counterfeit and people steal from the wallet the big point of cryptocurrency was you think its easy think its easy making money in 2000. Youre not or youre showing your age its always been difficult and its going to continue to be difficult you have to be careful about everything. And that the implementation of blocking technology continues to ramp up we thought we would take a few minutes to chat about what were looking forward to seeing in the sector and 2020 and what about you so i know 6 the 1st thing where that everybodys going to look forward to is the having the big quite having thats going to be the forefront of everybodys mind because we expect to see an exponential ramp up somewhere to every other one that weve seen so far we expected later this year but so far in december its. 29000 that was supposed to take place and its kind of been. Normal to not see it happen you know i think the other thing thats exciting going into 2020 is obviously that you know theres been a lot of talk obviously the last few years about emerging coins but i think there is Something Else is taking place its a little more interesting than that and that is the application of Block Chain Technology into other avenues other platforms right now especially competing platforms to the tech platforms like facebook and you tube and google so for instance you know has this news cycle been up called voices right which is their version. Facebook and its blog based and its backed by cryptocurrency and its backed by decentralization is the idea behind it and so weve seen that already with were seen it with some of these others like the tube but no ones really pulled it off quite yet 2020 could be a very interesting year to see some of those technologies really take hold because i think thats what a lot of the cryptocurrency themselves are lacking is actual application in real world scenario yeah weve seen them starting to build this entire network up in 2829 and it takes time to scale out does hopefully we will see the implementation start to actually mature and 2020 and there is a lot more stuff other than payments that were looking at as well because there are things like storage decentralized storage is something that people havent really talked about we always talk about supply chain and payments and moving things this and that and 5 the part of how its really about ownership and preservation but what about storage decentralized storage i think is something thats going to huge because when we think about how computing all these industries are currently built in Cloud Computing and those costs rack up its amazons biggest money maker someone Start Talking about the centralized storage like s. T. O. R j things like that those companies are making decentralized storage much more affordable for growing and start up and certainly when you see Companies Like amazon and microsoft that control Cloud Computing they also control the information that sits within those systems decentralization takes that power away just like it does in these other scenarios as well as social Media Companies i think its what were really seeing 2020 is moving from the back in the blog chain now to the front end of the business for blodget so its going to be a switch from Cloud Computing into this mist kind of computing thats interesting buzzwords thats it for this time you can catch a boom bust on directv 21. 00 dish Network Channel to 80 or its to me 247 im at a d. V. D. Or as always it is up at youtube dot com boom box r t c m x. I. I. Today there are good terrorists and bad edits the bad terrorists and those in yemen who the United States deems to be a threat the good to those who work in syria the cia and the u. S. Military were engaged in covert actions really throughout the world. Where they were assassinating populist leaders they were backing up right away military windows funding an army just was theres no any more because theres always a small pickup truck or a really good thats. A profit. On this edition of crossfire we answer questions center was fire you the viewers we received quite a few questions here we do our best to answer some of the. Medical use downs to leak leak out to. You when you. Look at the distance was most of the book. Just chill. Out. Of. Moscow rings in the new year and the new decade fireworks bright lights and cheering crowds in the streets of russias capital welcome 2020. And has already view of the key events that shaped 29000 continues we shed some light on the impeachment saga. Meanwhile hundreds attempt to storm the u. S. Embassy in baghdad after last weeks deadly american airstrikes on iraq diplomatic staff including have reportedly been evacuated from the compound