America lawmakers who as napoleon one said, when your enemy decides to destroy themselves, step aside. And i think this is the way a lot of countries are looking at the us that they want to take themselves out of the game and be a minor player the 21st century. Its not up to other countries to help them to see the error of their ways. The fact is, the president of the United States of america is having to respond to big clients. I believe that now as you book kelly is the one that started this. This is how the game theory works that worked like this in the individual level when we were talking about that going back in 2011, 201220132014. Thats when the individual human beings around the earth in various countries around the earth. Some like an argentina or in venezuela where they were having very high inflation or hyperinflation. Whether they were the 1st natural people to gravitate towards big coin. And then that drove other people around the world like online porn, or gamma thing, or things like that that were technically kind of not quite legal in certain jurisdictions. So you have the same sort of game theory happening. So one person, as soon as the 1st person moves, and that was nice, you put kelly on behalf of el salvador. It was going to force all their legislative bodies or entities, nation states, or in the case of the United States states. You could see similar in other federal started systems like that, whether its india or mexico or brazil, like various regions might start breaking away and declaring bitcoin legal standards. Every country in the world will eventually make big coin legal, tender. The only difference will be at what price we have el salvador, making the move in the 30000. 00 to 40000. 00 range in the United States. There may wait for it until its 851015 1000000 coin before they finally wake up. In any case, its all good for a bit coin ha, dollars. When these countries of finally wake up, you know, its up to them. It doesnt even matter if it becomes legal, tender. The fact is, the inevitability of it being the world. Reserve currency is inevitable. It will be the global trade settlement layer. It no matter what it is, layer one money. There have only been 2 other layer. One moneys before thats us treasurys and gold. So here we have bitcoin and it is the inevitability of big coin that is certain. Absolutely. But it is an acute problem or game to see which country does make the move as you point out is ultimately meaningless because the coin energy use alone will de font fia money. D fawn gold. D fond the nations day. And de fond central banks. Thats already baked into the cake, so we have that to look forward to, but its a fun game to see which politicians, but he now try to have their careers in this way. We mentioned inevitably, and we mentioned cake. So they inevitably of all empires falling like a layer cake is upon us. Soon after, of course, an empire enters afghanistan and then loses and afghans and usually their empire is falling apart. Well, it seems like the United States is also doing that. Weve been chronicling this of course, over the past 10 years. It could last another 10 or 20 years. Who knows . Well, right now, we see these sort of remarkable headlines, right . Breaking a bridge collapse and pittsburgh hours before President Biden was scheduled to visit the city to talk about the infrastructure. Bill Police Reported to span came down around 6 am. Authority said there were no initial reports of injuries, and this is a remarkable bit human chain form to help after pittsburgh bridge collapses. So weve gone back to like pre pre civilization mode. Right, well, it goes back to 2008. Remember when wall street was timothy guy there in anc paulson. They put a gun effectively to congress this head and said, give us many trillions of dollars to bail out our friends. Or were going to collapse the stock market. And so congress acquiesced, of course, because they have no well of their own, and that money could have gone into infrastructure. So here we are 1012 years later, and major bridges are collapsing. Infrastructure is collapsing because america is being held hostage by financial terrorists to spend this way for 20 years. Theres no change that i can see. Bitcoin is a way out, but i think americas got a case of stockholm syndrome. They fall in love with their captors. So of course, trillions upon trillions of dollars were printed not just even in credit, like via the fed and quantitative easing and expanding their balance sheet, but also from the actual us treasury by a congress when they, they had also fiscal stimulus, trillion dollars was sent out so we do have, you know, the inflation of that weve discussed, but apparently none of it reached anywhere, right . It all just either went off shore or to train us to buy goods and services from them. So we have the dilapidated bridges, we have the dilapidated infrastructure system of the flight like try to get anywhere in america. All these flights are being canceled. Maxon i ourselves out of the airport for like 15 hours because our plane lost some parts and then the, you know, there were no shifts like the crew to man, the flights are like move the luggage and things like that. So there is a kind of entropy in dilapidation happening on the ground across the us, despite the trillions prints it like you would have thought that something would have been done, even maybe one mask, you know, manufacturer would have been built like something but nothing apparently got done, all right, and its easy to prove this point. Just look at the money velocity which just tells you of all the money that was printed then and even answer the real economy and cause really can i grab . The answer is now, but he velocity kept going down to 0 because all the printed money, just one is the pockets of a few bankers who bought some overpriced art work and some overpriced apartments on park avenue and parked a lot of that money off shore. And was engaged in massive political fraud. Now the final headline here, im just gonna read them. Were not gonna comment on the actual headline because again, this is sort of the platforming headline. And, you know, you dont want the director of National Intelligence to say that like you talking about this headline might have like for on elections or anything like that. So i just want to talk about this as an analogy and metaphor for like whats going on in the rest of the world like that. If you watch the cable news, if you listen to the Feds Open Market Committee meeting notes and stuff like that. If you listen to them speak as the podium of you know, the press secretary or something that like none of it matches the real world and either direction. So on one hand, you have like 5 and saying that this is the strongest economy ever in my 4050 years. And then on the other side, you see the data a, the death of despair all over the place. Weve talked about that, but here this is on the opposite side like the constant fear mongering on also some stories that will get you the platform if you try to contradict that. So i wont mention those, but the fact is like, when you actually leave your house, leave lockdown, leave to the rest of our, comes to our salvador, which is supposedly like, you know, run with games all over the place and homicide to murder and its paradise, right . So heres the headline, which is just so amusing with this guy from the New York Times. Tweeted this and without seeing like the humour and what he was saying with the u. S. Warning of imminent attack and nato forces on the alert. It is jarring to be sitting here in care of where ukraines leaders are acting like there is no new threat from russia. I tried to unpack this contradiction here as this. The contradiction was from them, not you like listening to your own cable news and getting the wrong story over and over and over and over again. This is again, part of the non stop end of empire, the inevitability of empire, because they always get to that point where they, they cant see themselves. Yeah, the New York Times reporter was in and sitting at a cafe and he noticed that in fact, there was no crisis which seemed to go against all the images on cnn. Remember, colon power has little vile of baking soda. Very waived around and said saddam has got weapons of mass destruction let span trillions of dollars for the reason thats before we blow that money f canister, remember saddam hoax. So its interesting that a New York Times reporter is not up on all the hopes if they should. They should start, we should start something called hoax updates or something because this guy was truly lost. Well, i mean hes the me, the media is supposed to be that, that pillar between the population and power and explaining the reality around you. So if they themselves cant see reality, if theyre the ones i cant understand reality and hes the one saying, well the reality im seeing in front of me, of people not being scared, they, theyre there, theyre wrong. They should be scared. Thats like, thats a problem. This is the problem with the media right now. Its like i think scooby doo, where they go around trying to unmask the ghost and they pull the hood off and the ghost is us. Now, its like, we are the enemy. Its off, like they dont understand that yet that they, they say that theyre still believing their own propaganda and thats kind of worrying. Anyway, were going to take a break and when we come back, much more coming your way with oh, is your media a reflection of reality . In a world transformed what will make you feel safer . High selection or community . Are you going the right way, or are you being led to somewhere . Which direction . What is true . What is great . In the world corrupted, you need to descend a join us in the depths or remain in the shallows. And this is all smart city, is a city thats using technology to make peoples life easier to happier, collecting a lot of data to try to improve the way things are in theory, these big organizations that are now amazing and pulling all that data together. Theyre not looking at you as an individual, necessarily peoples data being collected or so much data that theres a real possibility of privacy violation. And thats something most of us wouldnt want to wells transparency, but we must live with permanent surveillance. Ah well go back to the kaiser report. I max kaiser time now to turn to simon dixon of bank of the future. Simon, welcome back. Thanks sammy. What an incredible adventure. You wrote the book and 2010 banks. The future at 1st published book dimensions, big coin. And we met up with the 2011 prague, which is considered to be the 1st make coin event ever. And of course, back then the price was a dollar or less than a dollar. Maybe 50 or 60 people in the world knew about bitcoin. And here we are in 2022. We have just arrived in San Salvador El salvador. And the country has made big coin legal, tender. Whats your 1st impression . Well, im really looking forward to seeing whats happening here, but theres a lot of excitement. This is my 3rd attempt to try to support and be involved in a country that can actually do something with bitcoin. Ive benefit from the 69000000 percent returns that have been generated over the last 13 years. Individuals have benefited from it. Companies have benefited it. Now countries a benefit from it and our salvador looks like theyre finally doing it when there was a little in the u. K. Back in u k. Where we 1st attempted this, there was talk in house a Parliament Today about the importance of supporting fintech and crypto currency. And it re while me both over a decade ago when i was trying to say the same thing. And then the bank of england decided to put the evil 10th cause in and stop the u. K. From benefit from it. So it looks like el salvador is going to be the country thats doing it. The 1st government ive ever seen that says theyre going to do something and, and implement cit foster, which is a really good sign. And so i think this is the country. Everyones going to become and say, yeah, as you mentioned, this is the 3rd country that youre aware of that has tried to or talked about making big coin legal tender and, but now they really have executed on it. Theyve done exactly what they said theyre going to do in record time. Theyve got the government behind them. Theyre passing all kinds of new securities laws. Now, to support the creation and distribution of volcano bonds, big coin bonds. Now a sense of now over a black stream has said that he believes that the volcano bonds are the most Important Development in big coin sense bitcoin, your thoughts. This is the countrys opportunity to really say the country can do something without the central bank having to deflate that currency, manipulate interest rates, and show that you can actually rely upon a central bank where you have absolutely no control over. And its just regulated by mass in code, and that is going to be able to benefit from not being able to change it supply and not being able to manipulate its value through interest rates, not being able to change it through market operations. And shenanigans means that you actually, you get to just benefit from digital hodson money phase. Now that the government is issuing bonds to the back by bitcoin. They get to show you the world that you can significantly out perform anything that any government or central bank has ever created is independent of needing any intervention at all. So i really look forward to seeing where this going and if the law, if the next 13 years mckenneth in like the last 13 years, then this is going to be the smartest move. And this is going to be one of the highest growing countries that the g d p is already roughly 10 percent this year. It looks like its going to double again next year. And these will, okay, no bonds are really getting a lot of attention around the world. The math of course, is nervous because theyve had a monopoly or at all a godly what the central bank for a long time and dictating economic policies around the world, even at the detriment of all these countries, including el salvador. They put out a statement this week, simon, basically begging el salvador, please stop all this bitcoin shenanigans that are going when you read Something Like that, what do you think was just natural behavior . The m f one a monopoly and the world bank. These, you know, these big, Large Organizations into a country organizations they want monopoly and, you know, theres many, many documents in history about the negative impacts. The world bank and i, m. S, lanes have had throughout latin america and different developing countries. And of course, you know, that is, that is the, the strategy is to lend of many dollars as you can control the supply of dollars and then have on affordable lives so that you can then have those dollars go back to the country is covered in, confessions of an economic hit man and, and then once youve caught that, you can then have you look nice over energy in that country. As you point out the book confessions, oven economic kit man. Really detailed the whole process of making these agree just loans to countries. So they can pay and back, thats a wealth extraction scheme. The opposition here in this country is actually lauding the scheme and saying, we dont want to kick out the economic hit man. We think john perkins, in that book is role model that were trying to follow. Thats how confused the opposition is here. For fortunately, there are minuscule and have no weight whatsoever. Well, lets talk about these bonds. What we know so far to 6 and a half percent coupon 10 year bond for 50 percent goes into bit going we had a 5 year lock up half is year mark for infrastructure. And the dividend is actually backed by tax. As i understand it, is that what were looking for, any other color you can add and we literally flew here, landed here because we want to see we want to be 1st to see the securities laws and the perspectives say theres been a lot of design work on the thing, samson has been really supporting in that process, designing it with block strange right. The securities laws are very important, right . Because the country is actually re architecting their security loss from the ground up to be big coin centric. So i think thats why when people say this is the biggest thing and big coin says big coin, i think thats part of what they refer to because this is the c characterization of big coin and the possible global securitization that count has been going in for countries like el salvador, they could potentially retire all their i, m f that they could retire all of their external debt. But they get back to writing laws that are big coin centric. And i know youre anxious to actually see whats under the hood and whats going on. And i know the folks that are making the draft of these laws are anxious to get you involved as quickly as possible. I think starting in the next 6 hours, youre going to be called in to begin perusing. What, what do you expect to see what your patient mama, the security law is really the difference between whether you have a wealth effect in your population or not, and say many western security source, particularly in the u. S. U. K. Really been lifetime work for the last decade of really trying to get those so that that more inclusive because the, the security is laws in u. K. And in us they really do make the rich richer in the bull bora. So if you get this right, you can really generate an incredible effect. You know, we bang to the future when we 1st started trying to invest in bit going companies. And we wanted to allow people to invest them bitcoin companies. The regulates, has protected all of our investors from the highest performing asset class in history, and prevented many people from investing in the, off the 3 of trying to change everything. We had to leave the country. We went to multiple countries in order to try make this happen. So now weve built a decade of experience having, we could have all of the company weve, you know, investments made through the bank. So the future Companies Like 100000000000. 00 Companies Like coin based crack and bit, finn, x based stam. All of those come to companies, were looking for a home at one stage, and whoever got this right could have had the whole industry in terms of all the jobs ever seen that came from that and hundreds of 1000000000. 00 of market capitalization. As this industry grew, now it looks like those finally crate not have and by getting the securities laws right, you can allow people, the population to benefit from all of the financial innovation that weve built over the years. And allow people to have retirement plans built around bitcoin and just really, you know, have a wealth effect across all the people at the, at the, at every type of level robin. And just driving that, wilson, the quality that we see through truck alien securities laws and other countries, theres regulators like the s a c in the United States and they have yet to approve big coin cash e t f. Yet, which is remarkable example of protection, protecting their sponsors, and those are the big wall street bags that are captured regulator. Its quite obvious. Same thing in the f. C a, there are capture regulator. They dont work on behalf of the public at all. Theyre lining their own pockets, obviously, but here in el salvador theres a chance to create security was with the benefit of the population of the average person, right . Yeah, and thats what its all about. You know, we have this as well. So theres been the highest performing ass across in history, regulates as protected the population from having 69000000 percent returns. Near how salvador is, can come along now. They can build custom built security saws that allow countries in their country initially to benefit from big coin through the volcano bond. And then they can have individual level products. They can have Company Level products and they have country level products and to build the securities laws based upon what we know about the Technology Today is a huge advantage as weve seen and other areas like africa, just leak program banking, going straight to more advanced technology with their finance, with their financial affairs. And i call wait to see, you know, this is what, this is what this is all about. And the security is also a vital part of it. Theyve got the legal tender get the securities, right. And youve got your, your double punch. There is talk of salvatore, becoming effectively the singapore of latin america of Central America. Your thoughts on that . I think its bigger than singapore. I think singapore is, you know, a have and across across asia. This is the reinvention of security, small kids fall markets, currency markets. This is setting the example for the world. And, you know, this is more like a Bretton Woods to moment where money is being re negotiated and the u. S. Put itself at the front as i and then reneged on the gold standard. They negotiated in 71. This is Bretton Woods to be in green renegotiated, but based upon digital hard found money that nobody controls that theres no vested interest. Theres no central bank or company or country thats going to benefit from that because anyone can participate. So if el salvador gets this right, i think this case viral across latin america. I think this case and then goes up the chain, the very last country that will adjust to this will be the ones that have the vested interest. The European Central banks, the federal reserves, the u. S. The europe so the well the britain, the pound. That will be the last to adjust this to me is david beats goliath moment. They can have game theoretical where the early you adopt and follow what l. Salvatore does. The more likely you ought to benefit until the very last person all the very last country that adopts to this i think its much, much bigger than just creating a single point. We already know that a lot of things happening in argentina. Now brazil is stepped up, Start Talking about bitcoin. Other countries in Central America are now rumored to be possibly in line to make a big coin legal, tender, and the very, very near future. Well anyway, saw me, its great to see you. And i think the all the a team is in place for this volcano bond to really take the world by storm. Thanks for being on kaiser report. Yeah, thanks for sharing this whole journey a call. Wait. See where we go next. All righty. Well, thats going to do with this addition of kaiser before it was may max kaiser and Stacy Herbert want to thank our gas. Simon dixon went back to the future until next time, bio ah, ah, and i dream shaped center some of those with in theres things we dare to ask in its an open secret. The private military companies have been playing a role in om, complex world wide. U. S. Government doesnt track and number of contractors and uses in places iraq or afghanistan, the United States army and the military in general is so reliance on the private sector. I would call that dependency, but we dont know whos the on the ground presence of these companies overseas. We just dont out west and private military companies can in their turn, use so called sub contractors from countries with trouble pass. The chances are quite good that they had also been child diligence processes. I was a child as a, as i drove professional joe, if hes with me for one full quarter when, if i said that that with no flaw, minimum own law, which i mean to be merciless killing machines. Now they fight and die in other peoples was people carol, lot one and a dead soldier or dead marine shows up in this country. We started asking ourselves, why did they die water . What were they fighting for . Nobody bothers stature about their contractors in china with geography. Nicholas, you go but john and nicholas you attended . Yeah. Can you them from boshoway . She can. Hi sharon, im wish wish right away with me. Right. Yeah. That if you look over the summer, moody with she been full shower learning, kelly, recruiting court and i renewed my for azure night issue. That 1000th of long didnt get to. I learned that for she gave us and i must be lucky. I could had them a fact mother, you know, if that im looking for a federal kristi asked him jak here to get approved for him. Um, you must have the money miss was that i can live with algorithm. So Neural Networks have been following us everywhere. We look online because our relationships are what matters most to us. Thats how we find meeting and how we make sense of our place in the silicon valley. See, dont mention in slick presentations. However, the ghost workers who train the software humans are involved in every step of the process when youre using anything online. But were sold as this miracle of automation behind your screen is a valuable workforce that feeds algorithms for next to nothing. And a very good day, i could do 5. 00 now. A really bad day. I could do 0. 10. Now. These workers are invisible by design. Its about labor costs, but its also about creating layers of less than a responsibility between those who solicit this kind of work and need it. And those who do it with in and around the kremlin will have nowhere to hide. We will make sure that the responsibility will sharon bearing happy you case top talking against russia was met with laughter from some employees to claim the government. Simply try to shift the tension from the Prime Minister party gate scandal. No job, no job, no wait. Canadian truck is continue to take a stand against mandates and the scathing words of the Prime Minister. Hes told me a racist extra. What if i dont deserve that . The us is continuing to, im saudi a