Defeated candidate, they cannot possibly catch up and thats where we are today. Joe bidens margin is so large in all of the states that are being contested, that even though some of the states have not finished county, they still know who won. And joe biden won a majority of the Electoral College votes. I am x. Kaiser. This is the very kind to report in, oh, never discount the power of meaning. This max, my favorite mean of all time, really i think gets to the heart of all the stuff that is going on. Whether it was the failure to predict what happened in 2016, both in the us election and breaks that. And now in 2020, is that when you create this fantasy world around you of money printing price, propaganda, and political misunderstanding where you never leave your bubble on twitter of all blue checkmarks where you never leave your manhattan elite circles or d. C. Circles, then you dont understand the people and once again, you know, as we saw, and as we see this unfolding boat disaster around us. This mean tells everything you need to now. Its, heres the screaming pollsters, the screaming mainstream cable news media yelling at the people that the people got it wrong. They got it wrong. Its, this is reality. Thats the cat called reality. You know, i love this me and you know, every time i see the social media, oh, its gevo. You know, because 1st of all the greatest names of cats, this is probably one of the greatest out names ever in, you know, the faces on there. These are the carin, this is the world, you know, screaming women like i am in the, theres Little Kitchen in front of you know, where played to this. You know, its fantastic. Its, its a hyper emotional elite. And their elite messaging system as matt taibbi has called it, theyre at leats messaging system has failed. They are unable to communicate with reality. And this is them shouting at reality. And reality is just like continuously asserts itself. So i think thats its, its part and parcel of this, you know, the decline of the empire and rise of another power and they dont know how to explain it. They dont know how to obviously admit guilt of their role in, for example, sending all our jobs over to china. They can admit that. But the end at the end of the day, reality wins and were going to look at some reality imposing itself. The same sort of mean imposing itself on the u. S. Dollar. Stan druckenmiller and bill miller on the news. Right. And people laugh theres means going around that every investor is a legendary investor. But stand back and dollar and bill miller are 2 legendary investors. This is huge quote from stanley druckenmiller. Im a bit of a dinosaur, but i have warmed up to the fact that big queen could be an asset class that has a lot of traction as a store of value says legendary investor stanley druckenmiller. Well, this is the poster jones effect. Remember on this show 1st of all for 10 years have been talking about. And he said the game theory baked into the protocol works its way through bigger and bigger trenches of the financial world. So 1st it started off with collectors and speculators and hackers and then it moved on to the corporate level and then it moved on more to with Michael Saylor over there. Micro strategy, a corporate balance sheet. Strategic reserve love on. Now its moving up to the biggest managers of wealth in the world who bennett literally trillions and trillions of 1. 10 trillion dollars to be exact, is managed by various Money Management firms and what theyre now getting sucked into a pole. Tudor jones, rightly said, i believe the fastest horse in the race, even though because hes already been up 9000000 percent. Its got another 40. 00 to 80. 00 x. To go. Right, and of course then druckenmiller is famous for basically crashing the pound, taking on the bank of england. And we talk more about that tomorrow on orange pill pod cast. So you should check it out because we go deep dive into crashing the pound. And what that says like his, his position here and big queen is he mimics, Paul Tudor Johnson says it will. He owns a lot of gold. And for the same reason that he owns gold, hes now owns bitcoin. Any thinks if, if gold performs well, he said, because i will do even better because he believes the dollar is in for a bad time. And so this is a bet against the dollar. This is the dollar shout about the reality of the, of the us dollar system. And this is the reality of what is actually going to happen. I. E. Theres going to be that shouting that, sanctioning that censorship, thats over. And golden bitcoin are the future. Yes. Curious that all these big guns are really taking a position against the u. S. Dollars. Theyve got stan, stan druckenmiller, youve also, if you dollar is right dahlia, hes heavy into gold. He thinks the dollar is going to be a very bad situation going forward. He has not yet jumped into the bitcoin boat, but i predict he will very soon, warren buffett. He doesnt like big point, but he is putting a lot of money work in japan. Thats a get out of the dollar. Youve got Poulter Jones is having to go having to because so all of the titanic, you know, movers and shakers of the Global Financial world are tiptoeing away from the dollar. One point, there are all the trap door will open and the dollar will be limit down every day for 23. 00 weeks and therell be no coming back. But if youre not positioned to head the vet, your trouble standing up in an hour is in the hedge fund world, hes worth about 4000000000. Paul tudor jones is worth about 5000000000 that to hedge fund kings. You mentioned warren buffett. Hes a value investor. So he by stocks for the long haul that he thinks are under undervalued and another similar value. Investor is bill miller, who became legendary at legg mason, a big fund out of boston. And he became famous when he had those 15 years in a row from 1900, 1900 to 2005 of the, you know, no losses. He just kept outperforming the market. Well, he says, wall street legend, bill miller reveal strong big recommendation despite massive price surge. Wall street legend, bill miller, the founder of investment manager miller value partners, says, had he strongly recommends big quinn at current prices, branding at the single best performing asset class in the last year, 5 year and 10 year periods. I think its, you know, that the mean, this crazy mean that we see all around us. Its no coincidence that were seeing this right at the election time that the likes of, of, of bill miller, of them talking. Miller coming out now and saying theyre going along, pickling, look so much of the money around the world. 100. 00 trillion dollars worth thats matters is done algorithmically done using automatic Asset Allocation models. And because most people around the world have their money being about if they just dont want to lose money and they want to keep at least abreast or possibly outperform inflation if they can, right . Most people arent looking to shoot the lights out. They just want a good representation in their investments to make sure that they stay with or slightly ahead of inflation of possible. What happens when, as bill miller says, when big quite shows up as the best performing asset for one year 3 or 5 year 10 year, ok, that information goes into the database and then its broadcast out of that 100 trillion dollar pool of capital. And most of that money is algorithmically or automatically program where they by virtue of statutory, statutory sherry, responsibility, wolf, its a fiduciary responsibility, but the program will kick in automatically automatically think. Then they need representation to mimic that representation that they need the asset they need to have. They need a bit of asset thats in the performance bucket of that performance level. Right . So a lot of people now, for example, micro strategies got 420000000000, they invested now its over almost, you know, 5 or 600000000000. A lot of that stocks held in the pension accounts of people all over europe and all over the world. So people dont even know they own big coin, but by owning micro strategy. And then i say why is micro strategy . Whats that all about . What the olympic way was to . And then it just the permeates because remember, because it is 2 things. Its gold, me, its a messaging app. Thats what it is. It grows like a messaging app exponentially, but its, you know, has the properties of gold, of being, in this case, absolutely scarce, immutable censorship or existence and, and a really important iran, uncut office capable. Keep, keep, keep hobbling around and keep hotlink, keep ottilie and again, korean is that cat sitting there. Like, what do you people doing money printing job is that, is that, that is because it is the worst, like the jerome pollard, janet yellen, of the new 21st century monetary reality is the big cat. Cat is these arent your own pow, this is the fed shouting at bitcoin, shouting at the new reality, the real reality and calm. Cat, honey, badger. Cat. Right, so now bill miller, in talking about all these banks and stuff, this is an interesting way he phrased this. He said, i think every major bank, every major investment bank, every major High Net Worth firm is going to eventually have some exposure to big corn or whats like it, which is gold or some kind of commodities. Miller said, adding that he thinks inflation is coming back due to the Federal Reserve gunning the money supply. So heres how i see this again. Federal reserve gunning the money, monetary supply. Big question, thats how i see this means that is the way this mean is interpreted by me. But notice how what you said there about bitcoin big comes 1st then gold. He said theyre going to get some exposure to big coin or whats like it, which is gold or some kind of crowded place now, jumped ahead ago. People are dumping gold e. T. F. And theyre buying bitcoin. But this is a couple things for, you know, you have to dig into this a little bit. So hes saying that because is performing going to upper for gold. Hes saying that gold is the 2nd fiddle in this whole race toward inflation and inflation beating. Remember that of many to the fed, the statement from drop collars is that theyre fighting inflation, the fighting deflation. Theyre fighting deflation. Theyre saying that thats actually a hoax. The real problem is inflation. Thats why theyre buying gold, a big point, big because the fight against deflation, which is caused by debt money is being perpetrated by the Central Banks by printing more debt money. Right . If you just have thought you had like, wow, that would only make the problem worse. Youre right, so now theyre carrying capacity for planet earth and at the planet. It is 90 chilean dollars g. D. P. Earth. And theres close to 300. 00 trillion dollars of debt. Ok, the carrying capacity of earth for debt has reached its saturation point, so that every new, fresh dollar of debt, it wont hide the asset price inflation. Thats really going on any more. Itll show up, bang. Oh my god, my groceries are 40 percent higher than they were a month ago. Oh, my god, my electricity bill, just want to know my god, im broke. Oh my god, the dollar just collapsed. Oh my god, im living in the 3rd world. Oh my god, how did this all happen . Dont be a sucker. But thats what ive been saying about this mean is that it is the money printing that is the economic policy. That is the fiscal policy, that is r. E. Our global trade policy. This is what weve been doing, a denying reality exists a reality, and sitting there like waiting for it all to fall apart. Thats the hysterical thing. That no matter how much emotion you put into your performance reality, it doesnt matter. Its going to hit and thats what, of course, all hedge funds are judged only by their performance. I say, dont perform, then they could shout all you want. You could brag all you want about you or your program and, and your ideology. But if it doesnt perform, you crash, right, rebel, you could point, he wrote a book called principles. Everyone love that. This is the greatest book ever houses performance this year. Hes down 18 percent. Absolutely. Heart complete nightmare lost tons of money for everybody does not pick going. And if he doesnt buy points in reich, youre going to be out of business within 24 months. Im almost 100 percent guaranteed of that. But i dont think youre stupid enough not to buy because im so welcome, ray. Finally, you dunce. All right, were going to take a break and when we come back, much more coming your way. Was a pandemic . No, certainly no board is just lying to nationalities as we do, it looks like to be judged as commentary. This is we can do better, we should everyone is contributing to their own way. But we also know that this crisis will not go on forever. The challenges created with the response has been much so many good people are helping us. It makes us feel very proud that we are in it together. There are tactics that can be used to get innocent people to confess, to crimes. They didnt commit. I dont even think people in the us really get that the police are allowed to lie to you. The person who falsely confessed actually came to believe the lie that they were told about their own behavior. Once a false confession is taken, the case is closed and nobody really can tell the difference between a good confession and one that is room. Welcome back to the kaiser report. M. X. Guys are time now to turn to tune of. Amy zs a former options and derivatives trader turned a bit cleaner, and hes also the un confiscate a bull dot com, Conference Organizer tune. Welcome back. Was here . What are interesting primes . Religion in right now . Well, i want to get your insight into this from being an options, guy, trader, bitcoin or, and just see what your thoughts are here. So as at the time of this recording, trump has not conceded, but does it matter to bit coin. Who is president tom does not, so it sure. Record bitcoin to perform well in discouraging market. I believe that the bull market in big quiet id be gone earlier this year after the big drop back in march during coded everything. Throw all private assets to get here. From stocks to Precious Metals and bit quiet and dots when i finally became a hole, just those because it was getting our oats. What 1000. 00 rights . Not big drop. And i think your column was that big bull psycho and no news is going to interfere with dot. I am being big points are right. It doesnt matter who the president this year trader and there is a site if seller exhaustion. Meaning that when all the sellers of salt and theres no more sellers left than any kind of buying interest that comes in and you get an uptick, and that uptick attracts more up ticks and it becomes, you know, ball cycle. And i think thats where were at now. Now another question i have for you is you have advanced degrees and mathematics and looking at the trump situation. And hes, as i said, he hasnt conceded, but do you agree that you should challenge some of the votes in the courts . Theres a lot of folks looking at this in terms of statistical analysis. And that, that type of mathematical approach. Delved into that. And then what are you saying . Yeah, thats an interesting question and that is right. There is some mathematical odds that this recall evidence. Some people have very strange in this current voting election, but i dont think that kind of math and mystical analysis is what should be focused on in courts to challenge the system. This is Something Interesting to look at. I dont know, i tweeted out a low bit, im proud of it. But of once again, the reason why its interesting is because thats math, thats kind of who will, but its probably not. And not in this case, they should have actual evidence or who are a fraud, and i dont think thats going to be very difficult to find whatever caused those statistical anomalies. And thats what should be brought into the court system. Like youve got to go through the underlying truth of god, but its great that there are some mathematics not wearing shoes into a certain regions into a certain i just announce hes not saying hey, because a map of this county says that this next seemed to be a little abnormal. Now lets begin to wait. Now lets take a look at what really happened with the votes. So many things seem to be going wrong with the u. S. Voting election. And thats the big problem. Problem is like, i dont want to say i cant believe its happening in the u. S. I actually cant believe that its happening in the, in the u. S. But it sure would be happening in the u. S. Considering what a higher moral ground us likes the white house they are. There are elections are compared to foreign nations and not the u. S. Looks like a moral laughingstock with whats going on with the actual election vote. Ringback you know, theres phrase and bitcoin, dont trust, verify, and the entire network is backed by the protocol and the algorithm and the mathematical certainty of absolute scarcity, accent era, and in the united states. As you point out, theres a history of election problems. I mean, ben, back in 2000, we have a hanging chad in florida. Scenario, it seems like every single election, there are some problems in some way. And if its not a close election, people just kind of ignore it. But why in this age, where abas on can tell you at any 2nd a any day where a razor is on what airplane at what altitude heading to what direction, and how much you paid for it . What their cost basis was and how much the profit from it, and what will impact it will have on stock options. Do we still use an antiquated system that seems come from the previous century and at the scope of it . Why . Why are we being abused as americans . Why are americans being a b is by the politicians in this way. Tom, not snow, figure out exactly what climate will be deliberately at my house and how many stops the wait is good. I only get 4 batteries on my razor is why stop the way from my house . But i hear you are right or not because most people arent interested in a fair system because both already think that they going to have an advantage. And this time around, democrats really think its all another level. I dont think this is anything like what probably been 2000 and i remember the 2000 election still barely young, but i remember a while i was ok. And it was literally just ordered on and florida was so close. Florida be key in this area of controversy, but after the fact, i dont think anyone intended to steal more. But one, they realized that it was probably like 5 votes in one direction or the other of both sides decided to do what they could after the fact. But this time, it seems to be pretty clear that everything was ramped up to happen before the votes were even counted in order to make them count a certain way. And this is so much more dangerous than what happened back then. And i dont think us now seen anything like it, but yes, there have been voter irregularities and there might have been some election fraud. But there is, you know, election fraud. And then there was a lection rod. And this time around, i think a basic or more of the election fraud, the problem with the place in america, not both applied while 100 and thats what you have here in 2020. And honestly, i think both sides want to get rid of truong. Its not just the democrats, i think the majority of republicans dont want to be there and they would rather have biden then truong charges fighting both parties right now. There are more supporters in a republican party. Theyre not proud of already, but ice fighting them both asked for how to make an election better. A lot of people are saying the bloc change, acknowledge she could really help in election. I. Im not sure about dot. So far. The only real use case of watching the knowledge ie has been bitcoin and its use as value transfer. And money blocking does not create truth block chamber, bitcoin block chain, at least puts all records into a database that cannot be changed that are immutable. But that doesnt mean that those records would be honest. What we are hearing in michigan, for example, is that thousands of the hundreds of thousands of votes were given to joe biden, instead of trump like they were supposed to be. And if you had a block involved, all that would median is now these days a vote for biden have ended top in the block chain that are immutable. But that doesnt mean that those votes were valid before they went in. So assuming that a block chain solves this problem, i believe, was a little misguided, but ill still say what the courts say about all that, said stella up in the air. All right, so leading up to election town. A few interesting things happen in the global monetary system. The i. M. F. Argues that we need to do Bretton Woods, your thoughts about this. And if it happened to coincide with a bite and president say, versus a tromp, do you see any difference from him on that score . Sure, awkward comment on that. The original Bretton Woods that took place in the fortys gave us a new version of the Gold Standard because the original Gold Standard was removed back in the thirtys by f. D. R. But when people hear this, a lot of the libertarian people hear this, some people assume doubt, these political elites are interested in bringing back the Gold Standard thats not true at all. Bretton woods simply refers to a meeting that took place in a certain place. So when president s comes back, there will not be any hard money involved. It will not be backed by gold, it will not be backed by bitcoin. Its going to be just another way to try to get stability in the unstable world of money printing. I could be the i. M. F. Currency, it could be a basket of Digital Currencies from around the world, whatever it is, its not going to be any different to the current system. It just like all this talk of Central Bank Digital currency. I dont understand it sent every single central bank in the world already has a central bank visual currency, the dollars essential by a Digital Currency. Theres a very small percentage of the u. S. Dollars that are in physical of form physical, scarce form of 100. 00 bills. Same thing goes for the euro and the pound and, and the yen. Of course, a lot of these paper money is going to be removed and i just dont understand the inefficient. Creating a whole new currency when all they really want is to eliminate paper money. Right, while the legacy system, including the Central Banks, is built on debt, its not that based. So potentially a central bank, Digital Currency would be equity based in that regard and a huge swap going on it. But, you know, well see what happens. I want to get your thoughts on the news that stanley truckin miller, who is war, the most successful Money Managers in the world. He mentioned bitcoin recently, seen b. C. Hes got a position. This is on top of politics. Jones. Bill miller, over at legg mason. I mean, these are the battleships. These are the tankers. You know, these are the big guns. Theyre moving into bitcoin now. And thats making people all who are the bitcoin bastards like roubini or peter sheriff or ray dalyell, theyre looking like theyre missing the game tone. Yes. Thats correct. And a lot more of these guys are starting to realize the value of because im not whats, whats more interesting to me is did they actually understand bitcoin . Are they interested in bitcoin for more than simply making money if they make, if they buy because when at the right point in time, a big one goes through its bull and bear cycles. Some people bought it quite in a bear cycle. I was one of those people of what bitcoin and was promoting because right into the bubble of 2017 events held on to it through the bear market. At least i hope you did. But the question is, are they doing it because its just a bull market, and are they going to be seen as smart only because they happen to also get lucky by getting into bitcoin. Now, as its starting, its a poor run, or do they actually understand it . It seems like Michael Saylor really understands it from micro strategy. Shes been doing a lot of interviews. Speaks about big, very competently. But some of these other people are you have to listen to them some more to see. Do they really understand it . Because when they dont understand it, they end up buying into old coins like at the euro, like big cash like light coin and they start promoting things that are not going to succeed. And this is how you can separate smart investors from others. I know jack dorsey understands that when he said that their company is also putting money into bitcoin and lets see what happens going forward. I do think this is coming more and more from a Smart Financial institutions, all right, tell rays. Thats that. Thats a thanks for being on cash report. Thank you max. All right, well thats going to do it for this edition of kaiser report with me. Max kaiser and stacey have i want to thank our guests. Vase catches you tube channel. Its excellent. So next time i go he has gotten quite sure there was will soup will sure. Wish to leave . Sure. But i sure do. W. Loverboy was you sure. Some who keep the i. Q. On board. It doesnt actually emerged that would have been murdered by you to go there when yours goes, all of those who do use the word because those told me game we will soon be confused with it would seem to always use but is the most severe. Some operators in your cities come off and use the of the 20th century was doing in a revolution the Great Depression and world war the 21st century, real mental illness, those arent my words. Thats whats the biggest. Some psychologists tell us, the only question is, should we accept it as a fact . Yes or no. Russian peacekeepers set up, observation posts, nagornokarabakh are for a peace deal was signed between armenia and azerbaijan. Local officials in the conflict it area say the russian team have established calm in the region. Also to come immaculate deception. Donald trumps advisors, brun, the 2020 us president ial election rigged. Adding that the president s team is working still under the assumption
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