Announced last week the precious metal was probably dropped in a canal by spanish invaders as they retreated from the Aztec Capital of tentative. Im sure im not pronounce an aztec word right but on june 30th 1520 the new chain trieste day or night of sadness so that was the one night of sadness where cortez was forced to flee after the spanish army actually came to arrest him and then he was forced to flee when the aztecs attacked as many slaughtered many people slaughtered the other Indigenous People around here the other natives who fought against the mountain zuma as well but i say that we have this credit can decent kisa doors who have taken our wealth since 1971 through this magic act of swapping out our gold backed International Settlement layer as all fiats so they can take whatever because they uniquely have the asymmetric information of how much credit theyre creating and how my. Wealth there actually taking so weve had not a note a trace they not one night of sadness not an on yo trace they not a year of sadness but weve had it they kata or those they caught has or trace they got is which are decades of sadness because i was on confiscated all my gold they can pick up and run away with it thats why because its a period to gold on that level its also as you point out the gold back settlement layer that used to be in place has been ripped out by the money case the doors on the subtle banks you dont need a settlement layer because of decline the transaction is the settlement thats the genius of this hardest money ever invented or created ever in the history of humanity its also highly divisible its also fungible and it is superior to gold thats why people in these in this region a lot america if i have had this 500. 00 a year its aster fee if people are constantly stealing their wealth same thing in africa thats why adoption rates of decline in africa are up as well because of the countries the doors or the neoliberals as you call them down america theyve come and they steal your wealth well with because it is on confiscated all but theyll be left holding the sea out back so the joke is on them it took 500 years but the joke is on them the credit and fiats doris are able to rule for a longer time because its such so much more benign i mean cortez had exacting kill and take visibly people could see he was just taking your stuff the fact that its so much more benign and that you cant really see that you think youre participating in a capitalist economy and its up to you to compete with this next chart however shows that in fact theyre starving you out so in cortez surrounds the city how do you isolate them how do you weaken Montezuma Well you prevent any food from entering you starve them outright you surround a country or a region and you starve the people out while here in. Credits that or system will see that theyre choking out the Credit System with this charts the decline in the velocity of money post g f c the Global Financial crisis has been remarkable 3 decades of a sideways trend 2 decades above trend and now a decade of utterly falling out of bed we had a brief post crisis bumps and at 272800. 00 tax cuts then we bomb but otherwise straight down this is a chart of money circulating throughout the economy you want money to circulate throughout an economy you need money that is the gasoline thats the energy for this is them heres all it during your years in wall street in the eightys and then this is during the ninetys when there were who rod days you know everybody was getting wealthy on the stock market not just wall street but it was a load of ordinary people this was they were spending money they were buying cars they were going on vacation heres the collapse and the velocity of money thats them choking out there basically the people theyre conquering yeah i think thats a actually analogy are basically that the general economy the real economy is being choked out there not allowing money to circulate its not allowing it to multiply the multiplier multiplying effect as its called in economics theyre not allowing that to take place theyre simply printing it and its going into silos of people who are buying you know youve got basis buying a house in los angeles for 125000000 youve got 10 griffith. Capital buying a new york for over 200000000 so all of these people are essentially the beneficiaries of this choking out of the multiplicity effect in the economy by simply in the case of hedge funds and 10 groups who by the way as ben bernanke the former fed chairman on his board and others advisors they just have a pipe going right into the fed and the money goes into buying these over inflated properties it would be like putting in a pose of the gas tank and say if siphoning off that gas tank with that and then of course the car cant go because youve just siphoned off all the gas but. More than at least they spent 135000000. 00 on a house and theres some construction workers theres builders theres a Real Estate Agent who collected some money some a banker who took a fee from it. Theyre essentially hoarding it jeff bezos has over 130000000000. 00 and its just sitting there you cant spend it how many 135000000. 00 homes will he have to spend he probably would have to buy one every single day for like a 100 years in order to spend that money at least that is circulating but this is you know you look at Mike Bloomberg that i was worth 3000000000. 00 in 2008 at the beginning of this this this bum and he was worth 3000000000 now hes worth 60000000000 maybe even up to 80000000000 is hard to know so where did that come from how is it possible it didnt work harder was he suddenly making more from rents from his bloomberg terminals no its its the printing money for the fed and hoarding it that they get to keep it all none of it circulates crashing the rest of the economy thats elevating their share of this Mike Bloomberg go from 3000000000 during to 50 or 60000000000 in an era money multiplying effect has crashed and has no velocity whatsoever that was a possible unless hes just got a type and the money just goes into his pockets which is the same which is exactly what happened we have the equivalent of montezumas revenge not only with big coin but the fact that theyre running out of ways to well this is also going to harm them because their credit conquistadores so the collapse of the money velocity but also the collapse in the ability to push more credit steal our wealth and most importantly our sovereignty currency experts fear i am no longer has fire power to act as world lender of last resort so remember the whole theory is that once we run out of dollars and euro is in yeah and you and credit will just roll it up into a new fancy crypto version of the s. T. R. The special drawing rights issue by the i. M. F. Well Central Banks the last control. All of the mobile liquidity the dollar Rise InternationalFinancial System has become treacherously unstable and vulnerable to a sudden reversal and capital flows yet the International Monetary fund is the diminished force and no longer has the fire power to act as the worlds lender of last resort in an emergency that is the stark conclusion of a g. 20 task force of leading currency experts dont explain something so this 10 year period of 0 money velocity or money has gone directly into the pockets of the few oligarchs and countries of doors in america and around the world into these silos like these 125200000000. 00 properties when they when the infrastructure for that starts to crack and the liquidity starts to seep out you get inflation for real for stuff like food and were seeing this happen now where people are noticing that the cost of everyday living are starting to spike higher so even though with most people who are pawned off by a cheap flat screen t. V. And cheap gas once their cost start to go up 5060 percent a 100 percent for basic sustenance of life. Then were going to see some action baby a well i want to say you know again going back to the star and the credit cookie series and if you dont feel like youre in the aztec people that have been surrounded by cortez and slaughtered and they got their revenge back of course but he here this is an economy a fiats economy especially cannot exist without circulation of capital this is the capital not circulating therefore this isnt that that was the end of capitalism thats when the cookie story is one thats when this is that that year 1989 to 2000 was when bill clinton handed over our capital at our capital for real the equivalent of of montezuma being captured by cortez that was bill clinton giving the bankers giving the compiz to doris giving them the commodities futures modernization act which. Allowed derivatives which is the form of stealing our wealth and also the glass steagall which allowed basically that their speculation to be backed by the conquered people write well the only model that is comparable in history would be able ism thats when the money completely dies and you just have People Living in castles us with. Stay tuned after the break much more coming your way. What politicians do something to. Put themselves on the line to get accepted or rejected. So when you want to be president. Or somehow want to. Have to go right to the press as a white woman for 3 of them or cant be good. Im interested always in the waters of the house. And ask questions. Is your media a reflection of reality. In the world transformed. What will make you feel safe from. High salacious whole community. Are you going the right way or are you being led. To direct. What is true what is faith. In the world corrupted you need to descend. To join us in the depths. Or a maybe in the shallows. I can show you my faith but im going to teach you must door in 9093 this man was sentenced to death they could charged with capital murder even though he didnt have the gun didnt pull the trigger didnt intend to kill anybody imagine living in your bathroom for the week with the son of a 23. I felt that i deserved to be but did abby to be. Confined within 4 gray walls he fights using hot turn on to help him to leave this room. Bob dylan once said money doesnt talk it screams former republican new york city mayor Michael Bloomberg is proving this just the sheer force of blobfish spending has made him a serious contender to capture the democratic nomination are we experiencing peak trauma arrangement syndrome. Welcome back to the kaiser report imax keyser time now to return to our conversation with does a great guess is the director of block chain land which is part of the mega talent land event coming up in april and guadalajara max and stacy will be there tens of thousands will be attending and how do people get tickets to this yes were expecting this 70000. 00 people who the event breaking less years like of 62000 they can buy tickets in talent dot net Talent Network so they can buy at the regularly through our web page they can also see the speakers they can also see our communities or allies also if there is someone that has a start up they can register we have an area course start up garden which is for startups that are in early stages so you can showcase your startup over there and we also have open spaces for community so also if you have a community were open for registration there is no cost and actually we give out some scholarships or entrances for people that scrape so yes this year we are expecting the 70000. 00 people from the 13. 00 to 17. 00 if a pro in well that how the school may he go in which max and stacy are going to be with us in mainstage and also in biloxi and what part of mexico 11 am a while i love how to school me its like an hour flight from here from mexico city they probably get there faster than i could learn how to pronounce the weather know how to. Do it now i want to pick up on what we were saying kind of in the last segment and talking about the new government and the challenges of the new government which tends to be a left government and then you know the challenges of having an entrenched a look up list Banking System everywhere in the world not just mexico but everyone in the world and then this emerging technological phenomenon. Which is increasingly being powered by a bit coy typically it is the hardest money in the world because it has a sound governance system built within the protocol and like we like to say you know you dont change Bitcoin Bitcoin changes you know theres so much about bitcoin that once you understand it you begin to realize that well you know lots a lot of the Banking System we dont need anymore we dont need the intermediary the trade in a big coin trade is self settling itself verifying its hard money you start to realize that theres a lot of parts of the government we dont need because the the amount of trade thats done in a peaceful way between parties it gets rid of a lot of the functions of the government to maintain order maintain governance so Going Forward would you agree that big coin is part of a really an emergence of a governance system that obviates or gets rid of both banks and government yes because it has Many Properties some benefits that we have all seen traveling around the world and also with Different Companies that we have participated in and they have participated. Going into the most extreme cases yet its actually takes out the politicians and the bankers out of your money so it gives real to me that you havent been able to do with your money on this for example you use gold as money which we know though its hard money its very difficult for the exchange is something that we do with we can do with bitcoin so it helps you like countries that are in economical crisis political crisis or banking crisis and bank runs i mean if you call if they close down your bank and they tell you you cannot do with their your money what are you going to do if you have your life savings there and that is something that kind of cup and with bitcoin i mean you are the owner of your money you are the owner of your private keys you can move your money at any time you want anywhere you want so that is part of the magic and also there is no politician group will be. We should group of central bankers or associates or will banks that can have. A manipulation of the printing or the emission or or how it is being distributed so the rules sort of theyre the rules are transparent everyone knows the rules and everyone can all that and see the rules of the bitcoin in the books and which go so brings you to a new era of financial transparency that you havent been able to have any time before this right now when we 1st interview you few years ago maybe 5 or 6 years ago this was beat you were a cofounder or cofounder of it. A Crypto Exchange just now i believe the biggest 6 change in lot america and so its one of the biggest exchanges in the world and this is become now a profitable business and full disclosure max i say here are investors in bed so we were fortunate enough to get involved in the early early year and so how does this message i guess my question is twofold number one in expanding our across latin america now and particularly in areas like argentina which seems desperate in desperate need of hard money because they are going through yet another financial crisis theyre going to really really neg on their debt to the i. M. F. As they should and 2nd of all is what it whats happening on the regulatory front because throughout the entire history because in a big one exchanges theres always a a need to either work with regulators or in some cases some exchanges just leave territories that they dont want to have certain regulators on their back or what have you so the 1st question is hows this expansion over latin america going it whats happening in argentina i see them on local bitcoins adoption of bitcoin in argentina is just through the roof whats happening there so because. To turn this years 6 years old so its sort of april 2014 actually we met little before that. So i became part of it so in 2015 i had been there the head of payments the head of Institutional Sales and trading and currently continue a partner with with bits o. And working with them and part of this interesting is like you said. We didnt only open a new company in mexico we opened the new industry because we were the 1st ones the 1st exchanges the 1st one to live in the 1st one to start also knocking the doors of regulators and different banks and trying to show them how this industry has a lot of attention a lot of things to do so now 6 years later i think this year in the next months big book would be so cool to have its 1st 1000000 users here in mexico and as you said for over a year there has been plans of expansion to argentina. Official down chess recently being so now you can exchange through bit so argentina versus big going for a 2nd and let me just point out that youre not here talking on behalf of it so but theres a history there so we can kind of pick your brain a little bit you know that around the same time that we invested and we also invested in a coal mine in india and of course they pretty much went belly up they went out of is because the government in india doesnt understand that klein and understand crypto they dont know really how to deal with it and they just made a very blanket condemnation of bitcoin without really understanding the 1st thing about it and so that economy in that country is going to suffer in measurable damage because of the short sightedness of the government. Why what is the what is one of the Mexican Government in the mexican culture what do they get about it that the indians and then just to be clear right so we made investments involved in our investment in unocal and went to 0 and thats the way to. In the Venture Capital game but why why do you guys seem to get it and one of the maisonette of that unit as you mentioned was one of the 1st well known exchanges in india and unfortunately i dont know how regulation works in india but looks like they have a problem with money they already banned bills and cash and had a crisis because of that they also have very severe with the regulations and for crypto and bitcoin and have put in companies out of business and being in this industry that is a risk were always aware of that it could happen at any time if you have a problem with a regulator if you have a problem with a law theres a new law etc that could put in risk the company in your business and thats not only right now a startup its a company that gives. An income families and more people know so you also have to the mention that mexico was one of the 1st countries to have a fin tick law which started working about 3 years ago and right now they have started taking in application and also giving out. Some some licenses but it has been that very slow process and got caught in the middle of the change of government so that also slow that down but its very good because now the companies that have applied and are going to have licenses now theyre going to have some clarity of how fin to can interact with. Regulate that financial industry for example has been very hard for fin ticks Crypto CompaniesOpening Bank Accounts having accounts to do for ticks or having this interaction so this puts the rules of how we should interact but it also puts up the bar it puts up the bar because now opening crypto often think accenture has the costs and regulatory. Requirements of almost opening a bank so its time. Its competition and a lot of ways to promote competition would be great for the consumer you know these regulations should be revisited because by putting them in it creating a moated industry with a very high barrier to entry and thats not necessarily very good for competition either you know i want to ask you about something very interesting i want to get your thoughts on this so you know weve been traveling the world now for 10 years with kaiser report done over 1500 shows and weve been to a lot of silly bench a lot of places where insurrection is in the air in egypt revolution is in the air in athens you know we smell the tear gas about on the front lines and i say one thing that i notice about revelations and insurrections is that you know theyve reached a different place in the cycle when the cops join the insurrection and we saw this in france during this relational the cops started to cross over and join the insurrection and thats a turning point in the insurrection of this throughout history this is what happens in the crypt space at what point are we going to see regulators say you know im paid in fear and fast becoming worthless im just going to join the insurrection its happened ive spoken to people in Financial Institutions as you know we spoke i worked for 14 years before this in Financial Institutions and spoke with regulators etc and theyre using become either their experiment thing or saving or speculating or just experimenting with the moji so i think its just a matter of time because. My generation and the next generation have used a fin take over have you script a currencies or are familiar with it or have been part of what they heard in the last years and now the generation that are currently the director sir heading the Central Banks give a pace to the next generation were going to see it this people there are actually interact to get knowledgeable about the courage and fin tick which will also make this interaction. Smoother and better and one time theyre going to realize that instead of restricting this im putting barriers of entry if they facilitate it and they do it in a good way to avoid the crimes that one to be avoided this can help mexico and in the country have an exponential growth and for their economy to grow in a pace that hasnt grown in many years right you know the saying is that you dont change because it kind changes you. In the case of the regulators again they realize what were being paid in money monies is disintegrating in real time money several lasted over time why dont we just join the hard money crowd and become be part of this revolution so you believe that let me think what can i say the point of it is im not going to be thrown into the ring in one of these low what does it again. Im not going to be thrown in there and be pounded down on my head or anything when i got a bottle for talent you know of course youre not and also what you said is very important this is also a revolution but its a peaceful revolution brother peace. Very good sex being on the kaiser report and thats going to do it for this edition of the kaiser report with me max kaiser and stacy here we want to thank our guest Jose Rodriguez joining us on twitter its kaiser report until i signed by oh. I 1st heard about we can exist. On the cups of foot in iraq. I think people. Military who have never forgiven for. This guys a traitor and treasonous and he has broken every law the United States illegally shoot son of a. Story to have. Independent journalist with his computer to seeing to see who is what crimes and to a global audience. The idea of developing an anonymous. And applying it to a Media Organization is what he makes that was the 1st. I didnt the toy interest between would be for a short while world right and wrong one of the worlds most powerful news organizations standard founder julian a song. There was a great deal of jealous in the industry towards him particularly why wont he be more like off seem. Sneering feces on the walls. We have julia in solitary confinement in the prison for terrorist away team that helps ive been a person the person. I dont want to die in prison. And i think thats what hes facing. You know being a place to order the kind of good intentions of a teachers thats worth in christening to and maybe even 40 years ago there is simply evaporates its the do not see it the compressor will supply of. This in a pretty yoko problem with not a moon but it circles modesty. And you can move forward into much for the clues of a little with 3 minutes to do it when theyre. Not. Quite in good but when youre already in the you seems to have been you know made it seem to trace. To be. That. Were still in an era of resource colonialism again this is a big risk and the one big thing that could really inhibit the kind of electric vehicle revolution that a lot of us want to see is if we cant resource the battery components in a sustainable ethical way then its not going to be a successful revolution. Russia is called in to help the syrian army repel an offensive in italy but province launched by militants with the support of turkish troops. Germany mourns the 9 victims of last nights shooting at near frankfurt chancellor merkel condemns that the poison. Racism as the suspect is believed to have. Ukrainian protest against the arrival of compatriots who had been evacuated from the coronavirus epicenter in china and are now