To discuss the fate of the worlds most popular. And well we didnt look at the positive growth of cryptocurrency not everyone is on board while in singapore because he spoke of the best are an author jim rogers to discuss his skepticism over the growing class. Thanks for being with us today a lot to get to so we begin here. Over the span of the past 2 years we have seen turmoil gripped several parts of the globe from hong kong where months of unrest have shaken what was a previously financial haven in east asia to iran and venezuela worse asians have taken a toll on the economies of those nations and because of the rise of the upheaval in those countries weve also seen a boom in big coin mining and the use of crypto currencies in order to circumvent Financial IssuesJeffrey Tucker of the American Institute of Economic Research and christy i recently joined bridger born ceremony as they are going to analyze how global unrest may have been beneficial for a growing cryptocurrency sector. You know we have to remember that crypto was born in this exactly the kind of unrest it was 2008 when the white papers were these 2009 january 2009 when because it was released to the world theres a lot of encourage you it is a time that smart people got in on it and 5 years later start looking pretty awesome now heres 11 years later later yes it is now a safe haven for the world and you need you need that you know weve needed it for a 100 years ever since the governments around the world took over the Banking System and put in question whether or not we really own our deposits we need some independent sort of wealth and i think because i am as as becoming the that is because in another crypto currency is also you mentioned venezuela there are many many different crypto currencies that are being used there are now thousands of them and theyre all fungible one with another each other its a Wonderful Technology and and i personally believe that Something Like a private crypto currency a global basis is going to be the future of medium of exchange and for value around the world. You know were exactly 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 just the years and years of bad Monetary Policy collapsing currency and financial inequality as carousel actually summarized earlier so this created the perfect storm for just a huge disruptor like bitcoin to emerge as an equalizer for all the citizens who are being affected so when theres unrest when theres uncertainty people want to regain some semblance 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 iranian citizen cannot have a bank account you need go out and close all the Bank Accounts well how is that fair this isnt a target. Added 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 account well 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 the because theyre becoming so popular. Because of how low the. Well its going to be on ramps and they say on ramps and they are fabs that 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 and say can tax it they can regulate it 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 many needs and divide up a permanent sort of 12 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 incentivized 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 took 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 2700. And yet china has remained the undisputed leader in big point mining china is also a believer 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 technology weve seen that as long as you have and access to 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 christie just said there 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. That its been its been going on for about 5 years so you have to slightly roll back and understand what happened when because it was 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 unbathed this years volatility in the market is short term when the real value is in the network and its growing hash rate their strength action 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 to date a queen has more than doubled its price what other asset class has done that legendary investor roger bear 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 leisure can process by increasing the block size limit the argument for this was a victory 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 of 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 and 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 on the point cache 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 and they can catch derivatives. Weve started that process they havent got an idea 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 crypto currency as with any other one but even more interesting than that we launched in june local about bitcoin dot com that lets anybody buy or sell because of 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 point 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 because in cash its Network Effect is growing every day and every weekend more more stuff is happening but i like dash i like zeke 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 project are you 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 of 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 do you anticipate a local doubt 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 you have 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 send it 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 a son who was born and grew up in the heart of Silicon Valley but man if you make things difficult for people to do things in demand and it is you know some massive exodus where which country you 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 shares that are able to receive dividends thats amazing in the history weve had Dividend Payments and weve had anonymous barrow shares i dont think in all of Human History weve ever had anonymous bear shares that are 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 that 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 token 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 crypto currency 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 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 thank you mr. Watson 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 spoke with investor and author jim rogers to discuss skepticism over the growth. And what trends can we look out for 2020 kristie theyre going to talk about that. When you. Look at it is too close to the book. But. Its going to stay with subjects. Just for. And welcome back well no secret here here on blue bus we are advocates of cryptocurrency and the brave new world of the fords 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 christie had 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 at history of quick in 1980 we had wall street they actually bailed out that one of the main hedge funds back in the day which was 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 all men on j. P. They were also on the prank and so now in 2018200100 extension 0 with all of these banks now pumping money and now. Massive debts who will bail out the central bank when it comes time well 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 know what it better there bureaucrats and academics and so theyll save their friends on wall street if youre probably more 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 one of the central bank would be the worst bear market in my lifetime and older than you and im older than all of it so 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 debt all over the world are 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 this is Central Banks. Maybe the prop themselves up the 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 do we go back to something that has the or do we pivot toward something more modern such as. 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 currency is 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 bit coin institutional gold the correlation right now between bitcoin and actual physical gold has tripled in this past year especially now you see all of a shopping on board and you see the Central Government such as people see diving into currency and trying to put the yen on the day i believe the singapore government is actually looking into that as well so why do you think that. What you are trying these money is on the all money is going to be on the computer theres no question about that and yet if i was in beijing the other day tried to buy ice cream poor woman couldnt sell me i had money. And it had to be done this year i wish obama were Say Something money is going to be on the puter it already is in place but thats different from crypto currency you know crypto currency is not approved by anybody except maybe you in the 1930 s. Before that people would use anything for money they wanted. Gold coins you 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 they execute you so people stop using all these other things. I could bring in money. Crypto 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 most people are going to stop because they know that guns are being hanged for treason is not a good experience 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. Simply because the military the government actually cant back up their own currency so through that i think the currency world has taken it by the grassroots and will spread it through 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 an ice cream in beijing if the electricity goes down but she will take my silver coins when i go to her so they still place more trust in physical gold i have more confidence in. Crypto currency as i do on a fair amount of gold and so yes what about the recent what about the recent thing that came to light about the fake gold in the supply of the gold circulation. That the authorities had absolutely no lead on who is doing it how much gold there actually is in circulation right now thats one reason that i buy physical gold i prefer to buy gold coins because its less likely that they will be counterfeit. But you are correct but. Paper money is counterfeit bitcoin is counterfeit is people stealing from the wallet the big point of cryptocurrency was you think its easy think its easy making money in 2019. 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 wed take a few minutes to chat about what were looking forward to seeing in the sector and 2020 and what about you because to go ahead so i know the 1st thing where that everybodys going to look forward to is the having the quiet 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 hasnt panned out yet yeah in 29000 that was supposed to take place and its kind of been abnormal 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 thats 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 new site have enough called voices right which is their version of 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 mines dot com were seeing 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 an 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 it does hopefully we will see the implementation start. To actually met her in 2020 and there is a lot more stuff other than payments that were looking at as well because there are things like source decentralize storage is something that people havent really talked about we always talk about supply chain and payments and moving things this and that and the part of how its really about ownership and preservation but what about storage the centralized storage i think is something thats going to huge because when we think about Cloud Computing all these industries are currently built in Cloud Computing and those costs rack up its amazons biggest money maker i want to Start Talking about these centralized storage like s. D. 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 the centralization 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 computer thats interesting buzzwords thats it for this time you can catch a boom bust on directv account 321 dish Network Channel to 80 or is to me 247 of that a d. V. D. Of a t. V. Ad or as always it is up at youtube dot com boom box r g c m x. And were going to fulfill that purpose is probably to the people come on you know weve got the truth. The title. Pretty good. Now you want to 1st correct that. No. Bull. Coming. Today there are good terrorists and bad at it is the bad news in yemen the United States deems to be a threat the good 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 juntas funding an army of death squads theres no any more because theres always a small. Really good. Profit. The u. S. Is deployed 750. 00 troops to iraq after hundreds tried to storm its embassy in baghdad also to come french musicians become the latest fashion in the country to dime tools as part of a general strike against the macro governments Pension Reforms and. I. I new decade has started for most of us will be looking at how cities across the world and seeing in 2020. Good morning youre watching