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 attraction as a store of value says legendary investor stanley druckenmiller. Well, this is the poster jones effect, a member on this show 1st of all for 10 years. Ive been talking to a pickle and he said the game theory baked into the protocol works its way through bigger and bigger trenches of the financial world. So 1st 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 they are now getting sucked into a poll. Tudor jones, rightly said, i
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
It, their elites 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 there is means going around that every investor is a legendary investor. But stand back and roll 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
Every time i see it in the social media. Oh, as dave. Oh, 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 plato did this with its, its a hyper emotional elite. And their elite messaging system must be, 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 the but the end at the end of the day, reality wins. And were going to look at some reality impo
Over the recent Police Clearance of a temporary migrant camp and parents. And the developers of russias new vaccine say its not just highly effective, but also highly affordable costing as little as 20. 00 per your world News Headlines for this hour. My colleague neil harvey will be taking over in just about 60 minutes. So on behalf of the r. T. E. International team, thanks for watching. And we hope you have a great day max keiser. This is their report. Have we hit peak bitcoin . That is a good question because you know, more and more billionaires around the world are getting into big queen and massive sort of Asset Management. Companies like black rock are getting into big. So max keiser this week, you tweeted the serious big question is developing a supply on exchange, dries up prices will start gapping higher looking for sellers. What do you mean by this max kaiser . But remember the old peak oil or peak gold arguments that were running out of oil are running out of gold. That of c