A legal system that authorizes it and a moral code that glorifies it here we are 2 over 49 years after going off the Gold Standard in 1971 which is a moral code and a legal system of its own it imposes a moral code upon the Economic System in terms of honesty and terms of distribution of wealth but here we have a system that 49 years later has become rotten the institutions have melted and disintegrated and we have people like our own senator here in North Carolina that senator richard burr who was caught not only dumping a whole bunch of shares 2000000. 00 worth after he secret inside information about the coronavirus but it turns out its even worse when senator richard burr not only engaged in obvious Insider Trading on the coronavirus after receiving intelligence reports on the looming pandemic but he also sold his townhouse to a farmer a lobbyist above market price for a tidy profit so here you have a guy whos supposed to be the legal system of the the moral code of the nation and congress and he was actually had these pharma before him in terms of business and he he sold his house to one of these lobbyist this 2 tracks here those 2 paths theres 2 answers one is looting right so looting has become institutionalized and congressman and senators dont. See any problem with looting they trade on inside information they glorify in it they trade stock tips down there a congress thats the primary reason they get together in congress is the trade stock tips and trade on inside information because the clip across the criminals and should all be in jail and burnt and set on fire and get rid of them the 2nd reason would be we live in a country that glorifies debt that would be keynesian economics keynesian economics hate savings if you read paul krugman of the New York Times hes constantly talk about the savings glut he would why he wants to burn savers he hates savers because thats his job as an Institutional Policy puppet who wants to get everyone is in debt as possible so that when they lose their job they end up in shacks they cant move theyre eating protein pills and theyre treated like garbage and like shit like mushrooms keep them in the dark and feed him. Right thats paul krugman in the New York Times policy thats keynesianism we hate savings austrian economics values savings and of values individual sovereignty and its the proper way to run an economy its what Benjamin Franklin would have wanted had he been running the Economy Today but all the Founding Fathers are dead in this state we have posers charlottes and crooks and paul krugman when a multinational sets up a you know one of these factories in mexico what they look for is single mothers who are desperate they look for people in debt who are desperate who arent going to give them trouble who dont go on to you know protest line that theyre shut up and theyre quiet right now so Many Americans as we know the fed even told us a few months ago that more than half of americans have no money at all in their savings account in fact they have debt so they know for a fact that youre desperate right now and that youll do that youll accept whatevers happening with the fed thats and save us and these cold socalled stimulus thats right and you want to look at this inequality in anticapitalism one chart the fed for the last 25 years have used their tools and money to preserve equity in credit crisis. At all costs as a result when economies contract average people get hurt capitalism progressive ship both this start up this is us Financial Assets now 5. 00 times g. D. P. So this is the financialization of the economy that started in 1905 when the divine right of kings the divine right of these these you know the oligarchs at the top the elite the the wall street the politically connected this is the moral code this is the legal system this is the Monetary System oh i said recently about the socalled progressive like to me door or chained junker you know they talk about the idea that we should somehow teach their leaders to be more moral and then we should ask them to be better people but they never actually talk about that thats impossible in a system that glorifies debt and has no basis for a savings to establish the economy with real money either gold or bitcoin thats never come out of those jimmy doris mouth hes never advocated for gold not one time and thats a huge mistake theres no such thing as a progressive if youre only program idea is to try to morally assuage corrupt institutional prison were the bad guys to act better right thats not a thats not progressiveness thats idiocy that chart is from 1905 soaring up the financialization went basically the elite the plunderers at the top ran away with it all so to get back to your boss point active during the divine right of kings and who gave the kings the surviving right religion. And then the transition to the fayette world war era was straddled by the bank of england to try to preserve the wealth of the monarchy of europe through a central bank and then they started the sierra and then we have keynesian economics which is the religion of the cia era to give the apostles like Nobel Prize Winning economist the idea that they are divinely endowed with the smarts and intelligence to centralize our economy and award people indulgences to those who they think are worthy of going into heaven an austrian economics says no you have to have savings you have to have actual individual sovereignty which is also the basis for the. Declaration of independence for america the United States and for those who are still the spouses the dirty policies of keynesianism. They have to deal with this with their own conscious going back to the divine right of a class of people when we had that back in the age of empires and kingdoms that of course kept the the starving masses the peasants in line because they dont want to mess with god right god had given these people live divine right the same thing here is in this structure of cup talk or see the financialization it started in 1981 where we went off the Gold Standard and the individual themselves could not measure their own worth just like back in the divine rights of kings the individual was not able to measure their chance of getting into heaven unless the kings. You know the priests and such he controlled would tell them whether or not they had paid enough indulgences the same sort of system we have here where youre not going to get up this very youre not going to be allowed the toll bridge is not going to be lifted for you if you arent participating in playing the game if we were guarded gold is the continuing true measure of monetary stability it suggests that stock markets gains in the 50 years since our own most entirely due to money illusion or the erosion of the dollars buying power so the red line is the s. And p. 500. 00 terms and the black line is in gold terms that money illusion is the same thing as prior to john locke and bost yet in these sort of people there was an illusion that the king was somehow superior and closer to god than you the individual only he could give a. Any rights that you had no endowed rights at birth here is the same thing is that its a money illusion the illusion that this divine right of the markets always go up is somehow ordained by their closeness to the fed and is there anything more troubling for those who would be against the monarchy in power then when we heard that these relief checks being sent by the government were all going to be signed by donald trump quite that sun and 6 troughton area act of hubris that i thought nothing ive seen or read or heard donald trump say to his entire presidency really worried me until that and then i realized you know what america has slipped back down into a pure monarchy and its the threat and trump he was also raising keynesian economics he also doesnt really it cant blame him hes a he doesnt understand money he just understands death is the king of death as he himself says he calls himself the king of jet every us dollar should say have trumps picture his signature with the phrase the king of death and we reject monarchy if we are americans if we are not rejecting monarchy then we have to ask yourself how american do you think you really are hes always from day one and pressing your own power to cut Interest Rates to issue more debt from day one i think he announced that in his inaugural address to the nation its like cut rates so this is something hes been interested in however you know those people the divine class they only operate for themselves they do not care about you they will snatch your socalled stimulus check out of your bank account they themselves will be granted money from you the taxpayer. Weve for to make up for all of their mistakes but look at you the individual how much theyve taken from you this is what i object when i hear progressives because their whole agenda is to get the people acting poorly in government to act better theyre never going to act better for exactly the reasons you just stated they are born to act poorly and not in the interest of the collective or the masses or the people or the common good there are only way to fight these people is to come up with a competing form of money that destroys it we only know that one exists and thats course bitcoin record and gold gold would have told you this entire time that these people are not divine jamie diamond is not divine Lloyd Blankfein said he was doing gods work he is not divine those people are not billionaires because they are divine is somehow better than you you have been subsidizing it you have been subsidizing it people who pay taxes who work in this economy who who are the essential workers have been paying and ill show you in these 2 charts here here is the total Household Net Worth of the United States measured in ounces of gold rather than dollars over the past 50 years and as you can see it went down from when we went off the Gold Standard 1071 and then it went up a bit during the dot com era that did expand some of the wealth to ordinary people who are Holding Shares in their schwab accounts and their various other online accounts and now its just sunk but in dollar terms this is the same chart they give you the illusion you the illusion the one that is working harder and harder to stay the same place they give you the illusion that youre actually getting wealthier and this is all good for you right well some bob way stock market was skyrocketing while the people were literally digging in the dirt for flecks of gold so they could eat so you know thats the difference between gold and the illusion of. Price manipulation money in the papacy of the Federal Reserve bank is supposed to be separation of church and state when you treat the fed like the like like the vatican. Problem america they are going to take a break when we come back much more coming your way. Just to. Show. You put its not. So we. Want to see you. So what weve got to do is identify the threats that we have its crazy. Let it be an arms race. And spearing dramatic to follow can only really. I dont see how that strategy will be successful ready. To sit down and talk. This is a story about want to. Trade. It kills a young girl in the streets. Who happens to have family and daughters in florida know the mother daughter is very innocent and terry it really messes with your head what happens to the community the public was screaming for a scapegoat the Police Needed a scapegoat so why not choose a 19 year old black kid with a criminal record who better to pin this on than him and what happens in court the. Shot after shot is far off the side we feel that we dont know just from. The end of this trial unfortunately you too will still not know what childress. Welcome back to the kaiser report im max hauser not time to turn to will raves all the fold app will raise welcome the consul report back to be here already tell us about the fold app its Pretty Simple we are giving bitcoin to as many people and the least amount of time off of all we get free because were shopping at retailers like amazon starbucks and weve recently teamed up with these to launch a big going rewards card that will give everyone the opportunity to stock that and earn money so this is really exciting i saw you tweet about it mediately want to get you on the so youve got this deal with the b. S. I can use my visa card and spend my fiasco and get rid of my fear money and i get bitcoin cash back rewards and so its got to be the most painless way to stack faster accumulate big coin ever and whats been the response so far you know its been an incredible with far i think this product has been has been you know a lot of people are going to waiting for it but weve got a great. From the community in the 1st 48 hours we had over 15000 people signed up for the card and that number and we also got great coverage for made media always great. Company able to break. Yeah i mean because i know as you point out its the hardest money ever created whats so important about hard money somebody might ask and they know im raising the headlines and theres 22000000 people now want to plow and in america thats projected to get to 30000000 you know. In america savings are really considered evil and keynesian economics is the way the economy should run a. And know about one of the economists like prof krugman refer to a savings goal lot he tries to bellow 5 savings but if those 22000000 people have been saving bitcoin even 106 tell shes for a penny you know even a little bit you know every time you go out and buy a pack of cigarettes are cocacola or a happy meal you bought some deep awesome sotto she said instead theyd be sitting on a half a 1000000 i 1000000. 00 and bama will maybe to write out this this unemployment storm how did how did america become a place for savings are valid 5 well i dont think theres a better time to launch a card like that while the Federal Reserve is making our money seem like an infinite supply you know we have been working with youth to help them understand the Value Proposition of their money and in this time theres never been a better boil for bitcoin the Federal Reserve is that if you leave and if im of record unemployment thoughts are going up and unemployment is going up you know hold it here to make it the easiest way for the every man to get a hold of those that make a big difference in the life of asymmetric warfare going on the average person in america have no savings or maybe they have 2 or 3 100. 00 in the bank and when they ponzi scheme collapses again as it does every 10 or 11 years. They are the folks to build a ponzi scheme out of all straight get an immediate bell out no questions asked a mint in a chain wire some a trillion 5 trillion 6 trillion whatevers made it its just instantaneous and then the poor suckers who are live in this way place you know they might get some money are sent to the wrong address or such act that that can cast anywhere or its got to have Donald Trumps you know saying that chair and they really hate the population with contempt in america now sadly and the only way out is individual sovereignty and the easiest way to do that is a big coin so hows the market do you think for this Going Forward for the fold app out there we know we have a lot of startups on the show how big is the how big is the company now and what were you on that cycle is it really how long youve been a around and what do you thinks going to be your prognosis for the next 2 or 3 years dave you know for the better around for or for d a while weve seen different cycles through a few who have a name with with or as. Weve been able d to see the growth and really be able to find what the real Value Proposition for everyday people and we launched our mobile back in october if you have back that retailers and and now have lost part of you know 93 for said of all of users that they would wish you a card that gives them for him back as at a fast faster Airline Miles if it was available and with ford youre talking size of thousands of users but we also know that were just starting a thread and well see many others and thats what were going to increase by stressor and in see success ability through this wonderful asset was all that was right well i guess the model seems like it scales pretty well i know of one other company that has because cashback rewards and i think the model is a. Contact various retailers they get them to sign up for the program and they get some rewards back in the form of bitcoin but the fold model seems like a scales better you just use that visa card and you get the cash to get the bitcoin cash back and let me ask you this so you know as far as pickling dollars they having are they having us coming shortly in the month of may this is happens every 4 years the minute way or is cut in half the stock to flow model model of proves its being greeted with huge anticipation and excitement in the big going community when you fall on this big nose or just another day in the life because well it depends on how long youve been youve been in this world and i would say for us its just another day but i think its really important or the often cycle. Having authority brought in many new entrants into the base generated interest beyond. Merely into the wider world and then you think introduce more and more people but i think it is a store at the moment and when youre talking about 6. 0 or you know if its all of the reward paid out in the past back reward last year in the United States the big incentive Airline Miles the 1000000 because it would have been distributed to everyday people in a very distributed basket and i think when you make the have a product like the one that we are introducing you get really incredible back number one getting more people to participate but also more by fresher with even make that having a more fair let me ask you about the Lightning Network because this is another hot topic in the big going world how is lightning worked out so far in terms of scaling issues has it helped or does it still have further to go what are the limitations what whats also more a lets give us an update on lightning so you know to be for. Quickly on this lightning has. Done wonders for our users in terms of using because im in there every day but also being a fool or for people who may not be familiar with big oil to have an experience with it and feel just like their credit cards in a bath and with all the excess that out of how to retailers and so its really brought the medium of exchange its a big climb to the next level and you know what we see here although theres about 15 percent of users that come in spending on a credit card switch to using lightning because they can earn more cash back on the old and so we know that it can provide an experience that matches incumbent Payment Method and it gives users more cash back they they and so we really feel that we have got the infrastructure the us and the incentive right where lightning can continue to grow and now it is certainly not without it not without a issues that were actively working on you know scaling is certainly in a few if we suddenly transferred all of the transfers going through all the credit card over the lightning you know we might have. Some work to do on the network itself but the good thing is that we continue the pace of innovation in the pace of you know were going to be in a great place in the year from now to figure out world around the world is crumbling people are looking for alternatives gold market and gold and conscious all over the world setting new all time highs and such to make a new all time high against the u. S. Dollar people now see when steve banana chan and Neil Kashkari go on television and say weve got infinite quantitative easing money trying to go broke out of well theres no end in sight were going to keep printing money until we fill the entire 7 seas of fat garbage and they say the raining of paper money in venezuela cluttering the straits you know bitcoin to this is to cling to your backside. Well you know ive been working in the paper a little bit ive never been more bullish than i have now i think the circumstances that we see around the world are the perfect and this is to make a big boy or a Value Proposition shine in the infrastructure and ecosystem of wonderful applications that are going to be introducing big to a whole new lot of people its all coming together going to be a wonderful year and im nervous but very excited or was that when i look at the local because in the charts where bitcoin is being adopted i see countries like argentina where that option a skyrocketing all over south America Brazil a colombia i see in egypt because adoption is now skyrocketing and some countries that are really at the end of their rope and terms of the tolerance for the central bank skullduggery and lets you know its criminal activity actually in they are now jumping into big quake in a big way some countries like australia and theyve taken the time of their time in adopting in typically because they found it easy theyve been able to print their own money out of the Australian Government has inflated that housing bubble 3 or 4 times over the past 15 years they havent had to work really for a living they just had to ride on the expansion of the expanding property bubble same thing in the u. K. Now once worked in the u. K. For 20 years they just borrow against their home its been a bubble and now suddenly they wait wait a minute ive got to work for a living so theyre looking for hard money for the 1st time in decades i do think countries like america and United Kingdom are going to finally wake up to big oil and i would include in that people like mark cuban and peter schiff is seem to be a really tone deaf when it comes to understanding this technology a well thought i heard about big oil was actually down in argentina during one of their many before. When you look around you can buy faith being made at that time the Value Proposition a big one with clear hard money and a in a in a in a climate easy infinitely preferable money that worthless as the Value Proposition aside and were going to have your meds and not happening across many countries that are similar thing and as we see the adopted bear we are also going to be the. People in the United States the mark cuban the peter see that number go up and follow him to it and its going to be a Worldwide Movement to get up there and i think read and play important roles in the adoption of bitcoin but i truly believe that you are right that the the the the core and go to dothan that were going to see is that we primarily in the countries in medicine and the u. S. Is hopefully going to be following not too far behind that well raves thanks for being on the kaiser report great to be here max thank you and that is going to do it for this edition of the cause report with me max kaiser estates are going to take our guests well reams of old trying to catch us on twitter skies to report until next time via. Phone. When i wont show the wrong. One on the job dont all. Get to see how. Apple. And in. The spring. When the find themselves well in the barn when the common ground. Has changed american lives the pharmaceutical companies have a miraculous solution. Based drugs to people who are chronic pain and believe that their opioid prescription is working for them on the remedy be sent to. The. World through dependency and addiction to opiates to long term use that really isnt scientifically justified in our study actually suggests that. The long term effects may not just be the absence of benefit but actually that they may because we want to. Trace you know the confinement measures boils over with clashes between police and fits of thousands of rounds a lockdown protests staged worldwide. Also a new home moscow hospice all that was built in the space of a mother from receives its 1st covert 19 patients that as president Vladimir Putin reveals all russian regions are now affected by the virus. And worth unless theyre nothing with the world at an economic standstill demand for oil has dried up pushing us prices below 0 in a historic crash