500 stocks down over the last 10 weeks today was the 3rd straight day with over 6000000000 shares traded on the nasdaq all of which have been higher than any day in history to put that in perspective from 2009 until 2020 there wasnt even a one day with 5000000000 shares theres no connection between the economy and the stock market now that spot abnormal theres usually a lag between the 2 main street can collapse and then stock market can start moving up based on anticipation of main street or the economy picking up and sometimes the stock market will go down before the economy does because it has this tendency to be a quote discounting mechanism but what were seeing here is not a discounting of prices based on some fundamental analysis of the economy what were seeing is an utter divorce an utter split from the real economy and the financial ised funny money fed driven casino that is now taken over the globe this is causing 2 things the overlord class are becoming fabulously wealthy and the peasants are revolting weve got a good old passive peasant revolt down america and where that go im not sure you know if you look at the bottom 99. 9 percent as weve been pointing out over the past few weeks is they are starting to mimic the top like hollowing out the economy looting the economy and thats a way to get wealthy because it does indeed pay off. In our economy for the top one percent especially the top 0 point one percent so you know in particular what were talking about is hertz and Chesapeake EnergyChesapeake Energy is one of these big crackers they started the natural gas fracking business the what you know they were one of the pioneers of this whole space well when news broke on sunday night monday morning that they were going to go bankrupt well you know in america when you go bankrupt in chapter 11 we declare chapter 11 what happens is your creditors line up to see who gets the debt whoever is this has the most senior debt the bond holders the bank loans anything like that they get your money 1st your assets they liquidate everything and then if theres anything left over a which creditors make sure theres not and the lawyers get paid and everything that then maybe equity holders shareholders might get paid so they never get paid right but when the news broke that they were going to go bankrupt chesapeake. People on robinhood especially these free apps available and thats mostly for millennia old and generations a very young traders new traders and they all just got new money free money stimulus checks 1200. 00 each from the government they poured into it that stopped prices up at 300 percent at one point it closed at 170 something percent 180 percent but heres what you know the smart money in the bond traders versus the dumb trader is pouring in on these a trading outs theres a 2200000000. 00 chesapeake bond thats due on january 1st 2025 currently sells for 0. 05 on the dollar the stock is up 171 percent to a market cap of 650000000. 00 bondholders are going to get any money before the shareholders do but theyre only thinking theyre going to get 0. 05 on the dollar back right but those bonds dont trade on robin hood. Right so thats a big difference any mention looting and i think this is a form of looting if Chesapeake Bay declares bankruptcy and thats Chesapeake BayChesapeake Energy if Chesapeake Energy wont want to have it as a or hurts for example they also declared bankruptcy the stock ran up hundreds of Percentage Points its a form of looting thats going on and we see this looting on main street during black lives matter theres been looting and people are saying oh my gosh the looting well theres looting on wall street right now theres looting on robin hood the robert of a plowing into a dead loser dead certainty of losing 100 percent of the money or like the gold traders weve reported on for many years now they are a fact of li a gang thats manipulating the price and thats unequivocally been proven time and time again that the gold market is a manipulated market and weve had plenty of track record and even regulators admit that it is a manipulated market maybe the robin hood people are saying lets do our own looting lets do our own manipulation we could quickly turn a lot of these gains into big one which i can also buy robin in a strange way Warren Buffett. Poison and kind of got the anger up of the millennial after he blew out of his Airline Stocks a huge losses the robber to me as a buying it up and profiting and converting it into becoming so Warren Buffett has been funding their retirement their big coin retirement of robin hood millennial and gen z. Users with his his his misinformed trade airlines well ok on the one hand the problems that apple has have maybe been 100 percent or 200 percent for the day or 2 whether or not all of those streets evaporated instantly as obviously chesapeake collapsed the more in the overnight trading when robin hood after his arent trading its only sophisticated guys able to access the the over the counter market in the off you know after market hours i think they maybe one day at least for a bow you know half an hour they can go now and then Warren Buffett but in terms of manipulation you know were in an additional world an algorithm driven world and algorithms dont have any mind of their own or do they or can they even be tried in court because the fact is you know back in 1902 when t. W. A. Went declared bankruptcy we also saw the similar thing 1902 their stock price quadrupled in one week and the New York Times wrote about this saying whats going on and they talked to lawyers who are specialized in bankruptcy and they they were confused because they said these people wont get any money like that goes to 0 once the Court Case Call this is on the bankruptcy so what was going on was the shops the boiler rooms that are famous now from the wolf of wall street sort of films so you actually had to have somebody engage in a telephone call call somebody up and sell them on the idea that theyre going to make these quick gains because carl icahn was involved in that t. W. A. Story as well they sold them on the notion that carl icahn was going to rescue the company so cut to today what you have are red. Foreign wars like wall street bets and they start saying that they do this all the time member we covered this in january they were doing at an all time highs and they were driving stocks this company when hertz goes down to 200000000. 00 value and its on the Stock Exchange its easy to drive it up 1020 percent which then puts the algorithm on one of these trading apps like robin hood you know that gets triggered and they see the top trending stocks of the day across all s. And p. 500 shares and they go oh thats 20 percent oh now its up 30 percent i better dive in and they dont care what it is they just dive in they dont know that its about to go bankrupt they just see it moving and what does Robin Hood Robin hood sells their Customer Data the customers get the service free but what how they pay for it is their data gets sold to High Frequency traders which is Algorithmic Trading and theyre front running these out robin hood the dumb money right front High Frequency traders front running down money but the ironic thing about this situation is that we could see these High Frequency traders theyre algorithm so no human of all bought the is bankrupt shares were no you know banker actually working at citadel or any of these High Frequency traders would ever dare buy a bankrupt company because they dont want to get caught is 0 but they could be left holding these bankrupt bags exactly and theyll get another bailout so if citadel which is ken griffey and ben bernanke the former fed chairman if they get caught holding the bag at this trade and the millennia old scalpel what the they get scalped by the robin hood traders theyll just go to the fed get another bailout and thatll inject more capital into the whole fraud and start the cycle all over again so now theres an established wall street. Trade you know whats called picking up dimes in front of steamrollers so you say you made something a point there that when the stock is down the way it is its easy to move it without any volume at all so. Lot of times traders will plow into a low volume situation to try to pick up a dime before a steamroller then just try to get a little gain before the steamroller of bankruptcy might catch their foot and then kill you know wipe them out but when you apply 1000000 all these robinhood traders there that have brought been brought up on means and they dont really have any consciousness of what physical reality is they have no understanding of what a physical economy is they only know what a mean is a 1000000 of things from gaming then to buy chesapeake or hertz better declared bankruptcy to try to eke out a game we saw in 2017 with the trading of all those weird auld coin tokens they theyre all of them fundamentally represent nothing but there was a huge market that the river but developed around them and people like going base still trade these phantom coins well again i think regulators perhaps something about these stocks that are bankrupt trading up 30400 percent that wasnt no ordinary write wasnt normal but it is a reflection of the overall economy ok whether or not these High Frequency traders which i think will be the funniest thing on earth if they get hold get caught being the dumb money the ultimate dumb money because of their smart algorithm thought these think that thats an asymmetric bet because they will always get bailed out they will never lose yeah ok but nevertheless itll be funny for at least a week when we get to say how them bernanke is holding that john he bought a bankrupt thing and that will be funny and then hell get bailed out but this is what the fed does they keep on pouring liquidity and so it makes sense for these ordinary robbing of people to do this because here we see someone say markets cant possibly go higher but weve never seen Central Banks respond so much and so fast the real problem will come when investors start to ask when these bankers and their finest minister counterparts will slow down and pull back of course they wont as we said because citadel is about to be caught holding the bags of hertz and American Airlines and all these other chesapeake and stuff like that but here is the liquidity m 2 money supply and its bigger than it was bigger. Asser move up than it was in 2000 during the dot com crash bigger and faster moving up than 2008 during 2100 will be financial crisis when Goldman Sachs got caught holding their own fraudulent c. D. O. And Mortgage Backed securities so you know we could be in another situation like that but were in a new place in 2020 then we want 2008 or any time before that is that the biggest market capitalized companies in america and around the world of Software Companies and they took the place of exxon for example used to be the biggest cap Stock Analysis Software so the fed display adding a server to their ponzi scheme of fed money printing can print up another 200. 00 trillion it doesnt cost them anything and theyre just puffing up other Software Companies so now that said were in they have Virtual Reality world and the millennial of the genesee figured it out and i hope they all become billionaires and put her into big claim were going to take a break and when we come back much more coming your way. We go to work. Straight home. There was a period lets call it the unique polo you know period after the end of the cold war when the u. S. And nato countries and other people sort of wanted russia to become what they described as a normal country for they meant by normal was a country that was democratic by western standards that was capitalists that was a member of u. S. Led International Rules and i saw water established by the u. S. I think a lot of people saw that as sort of criminate 2nd class status in the u. S. Led system and i think its pretty clear that russia in particular has been pushing back on that. Its hard to take some from somebody if you know hey if someone replaces. Ill be going to this interview today and all these market move in that they take me. Serious. So im going to tell you stop selling drugs if well hire someone to put the money in a box. They just mean the way in life its almost been basically a color speech for us do you guys know what secret means security positions i mean that. Jack me again. You see people get all their cars and ill see you coming in the harness seems like theyll hurry up and run into the house like they dont want to they dont want to talk to your get your mail or anything like that. I just want to go. And do this. Just try read a. Chance give me. Welcome back to the kaiser report imax keyser time not to go to o. B. Dos to he is the c e o of clean floor in the u. K. O. B. Walk im. Great thanks for coming on coyne floors been around for a long time actually was around in the u. K. When they started the company i know the founders and that south had a great track record and bet by bitcoin standards its almost valid very beginning give us the back story yes 25th seed it was launched the original founders of myself. And thats what it begun but time it was only about big trucks and it remained that way for 2 years into the faithful day when. Mike and. Gov driessen decided to be queenies or a benevolent dictator and that was the beginning of the big clean and big Contest Rules and then we had to fear e m. We know and see the response a bit quick now that its really a fascinating that you guys very quickly sussed out during this i call block size wars and eventually the adoption of psych what that this was not consistent with the original vision of a big coin and kudos to you guys for keeping her to sticking to your guns i know when people ask us where to go to find because when we direct them to point to a coin far if theyre in the u. K. And you know this whole period from 2014 to 2017 was really an experimental period that is common gone and i think we can kind of bury that in the past now because none of those old coins are ever going to work now really a few weeks past the having what impact have you seen if any business a massive increase in interest already. Weve been saying that but it was at the same time that we launched our retail offering so its hard to tell if the launch is the uplift has come from Mary Tyler Frank which is a retail i need big kind offering that allows you to buy regularly or if its come from the hard right and getting back to kind of like the transition are there all experimentation or the whole look at they all call an era what lessons do you think the n. S. A. Can take from that period there are multiple lessons weve tried each time we see this be free phases in the crypto journey and hes time you try to just focus on being objective and looking at the facts and ignoring ignoring the crowds and not just follow it so 1st time is a bit quick cashless is because and the lesson there was that it wasnt miners who were in charge it was people who were in charge minus were just one of many. Uses everybodys important the 2nd one was a fairy and it wasnt about short term money and confusing the customer it was about offering the customer Something Else actually about you when you saw one of these points and this time around we think the simple lesson is this we are still in a stage where the objectives and b. Incentives of a large segment of the community especially in Exchange Space are not aligned with their customers they want to offer them as many options as possible so people trade as much as possible and potentially lose more we want to and we believe that the Industry Needs people offering them the currency that works and thats been proven which is big quite and the mechanism of investment which which is investing regularly and anything else at this moment objects a b. Doesnt make sense it does but the trends we are seeing from the feedback from users every station not just our own customers not just the general public but even people who work for exchanges contacting us from back channels to tell us frank goodness someone had the courage to make a decision. And i hope a good bit of our exchange can follow suit can you comment on the recent reveal that coin base out there in San Francisco run by Brian Armstrong has recently opened up their kimono to authorities the various intelligence agencies and the f. B. I. Your comment its very interesting i mean theyre regulated exchange and. If you approach. A greater issue for the sea to us information you have to provide has. Been deciding to go out some threats of be off of this its probably not we dont believe this in line with the loss of your crew business and we would do but of course as a rigorous exchange me would do whats required to be done by a regular so you are a person the u. K. And the u. K. Is highly i would say regulated of course but its also highly protected industry the city of london is now on for its fortress like mentality and its kind of cozy relationship with the regulators that some would say are captured that would be an opinion of some but my question though is the environment over in the u. K. Having bennett volved in crypto business as myself in london as hostile i thats the way i would describe it how are you guys finding it over there is the environment changing is the industry changing as theyre being are they being more accommodating are banks starting to open up because for a while theres a moratorium from u. K. Banks absolutely now because i knocked up the ats at all there