Where all all communication is supplemental better to tax the subconscious and the unconscious in the form of me miss were talking means in this episode because means carry ideas thousands of words that it might take from your mind in a speech it filters it down to one powerful image of course you know 1st ill start with what is that me just asking google what is a mean noun an element of a culture or system of behavior that may be considered to be passed from one individual to another by non genetic means especially imitation of humorous image video piece of text that is copied often with slight variations in spread rapidly by Internet Users so its obviously a play on the word gina and genes are the information that are passed from one generation to another through sexual population right but is passed through intellectual copulation is passed in the collective unconscious that it touches people. Ells sub conscious and unconscious minds on an involuntary basis people have no protection against the me. And so therefore there are very very powerful and before the problems of social media it was impossible to create these vast global murmur ations of means that would sway Public Opinion one way or another and so people are acting based on the meaningless fear in ways that they dont really understand however those who seek political power use it to their advantage and those who seek commercial power are using it to their advantage and so this is the age that we live in but were in the nature of involuntary actions driven by the defenselessness of the human mind against me means a group of people like him can decide hey we have our meanness we understand our means this binds us together as a family these memes like pink will Jack Printing money money printer go broke out of its i mean we all instantly understand the Big Point Community we understand thats why we bitcoin and however the power is that it tells the ordinary person you know its no coincidence i believe that just days or weeks after money printer go bottom and this is in response to this latest round of money printing to deal with this socalled corona virus pandemic i say socalled because i dont believe this is what theyre responding to because we know from the repo markets that they started intervening in those in october and they started money printing back then so now we have this money print to go through we have this mean out there and its a powerful mean thats why you see the likes of Paul Tudor Jones who is a multibillion air billionaire many billions of dollars he suddenly he knew of bitcoin for years but he suddenly understood it it descended onto him immediately it told you everything you need to know about the can tell you in fact about corruption about our comical system that is just made up on the fly so it tells you everything you. Need to know about our council and a system of consciousness is deep and i think it was freud who basically discovered scientifically the presence of the unconscious mind the subconscious mind and we have a situation here with Paul Tudor Jones where he was aware of it in his conscious mind but it wasnt resonating deep within a subconscious or unconscious mind but the means like money printing go brer. Eventually broke through the barrier of the unconscious mind that protects folks from going completely insane but it broke through those barriers and it tickled his Money Management. Urge to go big and so now weve got a major player in the game of bitcoin and i think theres all kinds of great things that we can see coming from this another community of course that used to mean to a very powerful effect politically of course weve covered this in the past and that is of course pep a trump and that emerged out of 4 chan out of a guru of thoughts and ideas and heterodox thoughts very heterodox the outside or the that anonymity of 4 chan creates a lot of grotesque ideas but a lot of genius means like that that captured the sites guys that was happening after 8 years of obama who happened to coincide with the 8 years of the birth the big queen the birth of the bailouts the birth of money printing go back to you know so it captures some sort of essence that i cant articulate here that will not ever be as powerful as that image right well 4 chan is really the heir to karl young its like a weaponized version of the ideas expressed by color young who is a student of freud contemporary or freud and really develop the psyche of the universal unconscious mind and by weapon i think that idea you can come up with a weaponized means and weaponized symbols. Man and his symbol so you know he goes into how we have these. Reaction to symbols universally that can be tapped into and so when you take the modern culture and you look into how it is originated and in many times it a lot of people are informed completely their Political Awareness from. Cartoons such as the simpsons and from south park south park those 2 cartoons essentially form the millennial and gen disease understanding of the world around them if you look on twitter youll see oh this reminds me of simpsons when this happened nor this is south park when that happened so pepe the frog and tromped pepe the frog this is tapping into that cartoon mind that is the modern mind that is the result of decades of subliminal and now overt attack of the sub conscious unconscious mind by profiteers and political hacks well actually i would also point out that in shakespeare it was always the fool that old king lear the old fool that he passes was always the foolish character of this book that youve always the cartoon character that speaks the truth and so i think its tooth telling in some way that it can be very powerful good or bad and you know the reason why were even talking about this is because he was on joe rogan show recently and he mentioned something that went completely over joe rogans head said that hes not so much scared of Artificial Intelligence and he has this neural link project hes working with that youll have this Artificial Intelligence and bet it into your brain is that hes not afraid of them taking your jobs or you know that sort of side that most people focus on like and he yang to what hes worried about is Artificial Intelligence using viral means that hes noticed that viral means have a power the power to instantaneously speak to people around the world its like the internet. It is not bound by any geography just as bitcoin is not bound by any geography it is borderless and these borderless means have instantaneously altered opinion around the world just like this mean of money printer go brute you know you look at that that instantly undermined the authority of the Central Banks instantly to anybody who saw this and especially the animated one you instantly reject any authority that the Central Banks claim to have so the Artificial Intelligence is potentially can weaponize means in a way that would disrupt humanity this is something he started to suggest but then they never really followed up because joe rogan didnt understand why he was saying so if you all must comes on our show report and everybody out there you know go tweet them and tell them come on guys are in for to have a full conversation about this because this is maxs specialty well you dont know that i mean its got a good point in that the Artificial Intelligence at some point will be competing with humans for energy and so the only bulwark we have against the ai triumphing over humanity would be bitcoin because bitcoin is going to hopefully suck up more energy than Artificial Energy well and big coin will be in our service because it all codified our existence and our humanity will be on the block chain and will survive into the next 22nd century but if not and the ai generated means destroy our collective unconscious our collective minds humans and they take all the energy then because itll be a 400000 but humans will have become extinct so i mean the people who try to swart bitcoin whether its paul krugman Nouriel Roubini peter schiff theyre actually fighting against the survival of humanity which is so sad they really should be more pro humanity but never were. Yes in terms of this money printer and how this mean has altered the consciousness of the markets as we said you know it changed the mind of Paul Tudor Jones and then you have the likes of Bloomberg News or c m b c where all the Financial News goes where you know they abide by the authority they believe and propagate the authority that these Central Banks and bankers have jamie dimon is a billionaire because he is somehow better than everybody else hes better at allocating capital hes not better at having the money printer go put it you know when you do that mean when that mean a robs that undermines that whole its its a joke its the court its a court system you know that gets the people no longer believe in the divine right of these people and even Bloomberg News this is them tweeting right here they say because it in gold sit atop our list of assets most likely to appreciate in 2020 on the back of unparalleled central bank easing both have had significant shake outs big point is an extended period of trading within a range of all vengefully breakout higher in our view i believe that view erupted they dont maybe cant connect it but i believe it only came about because of the mean money printer go but im quite possibly they dont call young had that other idea of synchronicity so its hard to determine cause and effect when things happen synchronistically in waves like a block chain every 10 minutes youve got new coins emitting and thats another genius aspect of the protocol but look to why more republic we saw the rush marco from a one to one conversion to gold to one to a trillion so the hyperinflation was quite profound and what Paul Tudor Jones is saying is he thinks that because i mean here at those prices like gold in the seventys at 35. 00 an ounce of course it made a move to 800. 00 an ounce so hes talking about a similar move a big point the fastest horse in the race as he calls it so that would imply you can extrapolate 8402500000 dollars. Curve coins price for pickling and so look if i were creating it and all start team a financier to do battle against the worst elements of our financial underbelly the jamie diamonds of the world and my 1st pick would be Paul Tudor Jones you cant have a bigger star and somebody who briefed basically invented the modern hedge fund and you know he is going to take us to the Promised Land so lets bring it back to means the final seconds here max i want to say you know this money print to go but it establishes in fact like that picasso did with guernica the the the all that was horrible about fascism is in his painting instantly people understood what the nazis were what fascism was here the same thing people understand instantly the horror of the cantillon effect the horror of this wealth and income gap the horror that weve endured for the past 1012 years for sure but it started a few years before that as weve covered here in kaiser before and that means you brought it to your mind. You know i want to say we dont need words anymore you dont need to say goodbye. You cannot be both with the yeah you. During the vietnam war u. S. Forces also bombs neighboring laos it was a secret war. And for years the American People did not know. Until our. Mouth had rebound country per capita. Human history millions of unexploded bombs still in danger lives in this Small Agricultural country Jordyn Wieber went on a can of whats happening. Even today kids in laos full victims of bombs dropped decades ago is the us making amends for that tragedy and what help do the people need in that little land of mines. Welcome back to kaiser report imax kaiser time now to turn to raul pal he is the founder and c. E. O. Of global macro investor and rail vision Group Welcome to the show raul great to have you on great to be here so everyone is talking about Paul Tudor Jones going along bitcoin he says bitcoin is like gold in the 1907 days do you agree with his assessment what reasons 1st drove you to bet on yeah i mean not i know poll recently well known him over the years and i know how hes thinking of old now just because he says hes long now doesnt mean hes long tomorrow but overall structurally it twice the argument if you break piece he talks about the global monetary inflation as opposed to inflation have ruled i think theres a bit of a confusion whats going on between pulls the sis and other people thinking i think there is a difference between the valley if it money and its purchasing power i. E. Theres a lot of it being printed right now and thats driving down the value of. 0 dollars euros yannick cetera versus gold and big client. On the flip side Commodity Prices falling even further than currencies are so youre still saying price deflation so this is kind of wait well where you go Currency Debasement price deflation time we saw that was basically dont think that its. My whole reason why i sold this space of interest was back from 2012 when i started. Investing in the big quinn space it was really to do with understanding how broken the Financial System was but taking off he went to the European Crisis and realized that there was no outcome that was going to sold the debt problems and that the Central Banks had one trick up their sleeve that was printing money and if you just had to go forward and think about the next recession which were in now we knew the outcome had to pay more. How much more well this recession happens to be the largest in all recorded history i think the u. K. Just announced it was the biggest recession in 300 years so that committed the bank of england so the outsized response is going to be bigger than we would normally expect so knowing that this was coming i knew the big queen was the cool option on the future of the system. At one point back in 2017 when i sold out took some real profits but i was worried about all the stalking and stuff and i did with him some what that meant and then go back. Last year and. You know im just im fully on board with the whole thesis so people who might not be familiar with your work over there act local macro investor and real vision you know youve got quite a following on social media and in the Investment Community because you do a lot of really deep analysis and good macro analysis and you know your kind of fundamental reason to get into because it is very well thought out and you know Paul Tudor Jones obviously hes somebody i remember from my career in the early 1980 s. On wall street he single handedly reinvented the hedge fund in the stray when talks about now bitcoin being like gold in the 1970 s. To your point we did have stagflation then so gold did very well in that environment and of course it made a move from 35. 00 an ounce approximate to 800 so if hes getting in at these levels at around 9000 then he is suggesting hes got a 30 x. Move in and because i mean that and secondly if you buy into the ferry going to some point the market capitalization of big coen would be getting close to that of gold you know gold got a market cap of about 8 trillion or so. Around the 130 that you know 160000000000 whats your thought on this on these ideas are probably did the. Yes stock to flow analysis of that coin back in 2012 or 13 where i looked at it versus the supply of gold in just with a pretty crude analysis figured out at the time of gold at 1200 a coin was probably worth a 1000000 bucks and i kind of stand by that analysis no no the plan been to stop the flow rate shit work as kind of come up with similar things mathematically proving it for me if it is the future of the Financial System it sure aint worth 200000000000 thats the size of the a country like bed bath and beyond or something in the us in its its just not meaningful yet but i do think that its valuation over time if it becomes the ecosystem we believe it will be and it will stake the whole ecosystem with it as well i think then yes i think that attention number is easily achievable within that process because that takes it from being a nation to an assets so once its a full asset class it becomes investment for others and thats another really interesting proposition. Oh property sorry the big point has basically everybody in the world is short. Because were all eyeing each other. We know put the people who dont participate said it all i get same joy need to do something on knots and the only open sort of that is the price the more the price goes the more it brings people into the market so the market is basically short all the way up and scrambles together so its going to be fascinating and thats one very interesting in this whole thing period is to see over the next 18 months how much capital does this bring into the marketplace and i think its going to surprise many people and start to flow model and imagine having and of course those 2 things go hand in hand and we can elaborate that on a little bit but not to spend too much time on polter johnson i happen to think its a seminal event in the story sound let me just follow up a little bit on that he of course is a lead alpha dog and the head con fund space so that if he starts generating alpha in his funds if he starts out performing his peers of proximal a 10000. 00 hedge funds out there theyll be forced to jump on and put one to 510 percent of their portfolios and thats the way the Hedge Fund Business works right so youve got to be competitive and if hes throwing the gotland down and saying i think this is going to be the best performing asset of the next 10 years i think it can be better than gold its my reflation trade its my idea of a decade im Paul Tudor Jones i am a legend you know how can other Hedge Fund Managers now go against that so can you comment on that and also of you know put the having in context with stock to flow in some states but in straight light thats my world right beneath that well 38 is i know most of the people say its the macro side so we grew up together in the industry you know i was at goldman where i ran the system styles business and the route equities nicklebys or exhibits in the late ninetys i then ran the global macro sense and run from one of the lawsuits from firms in the wells and now i write little micro best and all the sets were guys all my fans and friends so i kind of know how the world works whats interesting is. Yes the whole was late into the game but now hes got it big time i mean he has people working on less than that they change but the actual truth is most of these guys were already in for their own capital so whether its loose bacon of more capital or whether it is. Jumbo bank or allan howard in london or so many of these famous has from on just have all sets up their own private vehicles for trading and managing their. Crypto and the sea arms for this whole space so i think that space has been them post probably a little bit later than others because hes a very much a liquid as you claim is that its no accident anything complicates it if you can avoid it while others prefer the complex world now. Cole going in obviously hes good friends with Sandra Camilla hes good friends with a bunch of other people and the at the at the moment she starts convincing others to get involved and i think most of them have been both somewhat but if they something in the hedge fund capsule and i know that is happening because you know i get emails every day from you know some of the worlds Biggest Hedge Fund saying this is how do we do this they all of doing it they will fail shorts but here pool is now go to him and as you rightly say mr missing out becomes even bigger and if it does generate alpha then well have a choice because alpha ok this is a very macro will right now so its actually relatively easy to make money for macro playoffs but in the proceeding period you know if theyd been allowed to use big coin or other crits so theyd have been able to more alpha in a low volatility environment in a high the associate bar but look im in this 20 more chances i get the point that privately a lot had 5 guys been buying you know pick point but as you say once they go public in their fund thats a different story because it gets picked up by they have Financial Press that gets fixed picked up by the wider Money Management world out there thats roughly 100. 00 trillion dollars that has managed money for folks including Family Offices and offshore accounts etc so thats a big signal you know i think the timing on politics jones is interesting because he came in the week of this having the 3rd having in the life. And one description of whats happening now in the life of this industry is that the sell side of this of this market that those selling coins it transitions from being dominated by the miners to being dominated by the exchanges and other words when you cut the. Daily coin emission in half youre going to have last mining sales going on just mathematically that you can say that. With certainty and therefore the market price discovery will be more a trend will be transferred in will be more relevant on the exchanges the actual abit of flow of of supply and demand buys and self so our my point is that Paul Tudor Jones hes not a miner hes not coming into this via mining he probably didnt want to put the resources into understanding what mining is all about but he probably knows now that the game is in his home field hes got the Home Field Advantage now its all about futures trading trading and all the tricks that Hedge Fund Managers can employ to eke out alpha right its in his belly like now his light out this is his world yes i agree polls are also a genius and most kids psychology and when youve got the psychology of a market that wants to hold assets and you have and the vents that can act as a catalyst whether it actually doesnt know in the price you know is short a time time period if you havent tesla so you have the whole thing you have you have to jones going public and you have a propensity for the for the average investor to hold. You have all of the attributes of a bubble ready to have it over sleep well last time he kind of completely understood that dynamic but i think probably understands that dynamic as well is that. You know basically everybody is short on the while and i think thats thats a fascinating thing and he definitely understands that and dismay understands the impact so hes news thats coming out of this time variance and stuff i want to do another segment with you if you can hang in there for a 2nd but for this segment thanks for being on the kaiser report raul pal and thats going to do it for this edition of the kaiser report with me max kaiser and Stacey Herbert like to thank our guests rattle pal if you want to catch us on twitter its kaiser report and by the way we do a show every sunday at the kaiser report twitter handle its a live periscope at 1 pm Eastern Standard Time sometimes you know you never know whats going to happen and so next time. The dropping of the f. B. I. 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