A global trade unit of account in particular he pointed out that almost all cars at least where he lives in africa come from overseas like japan and theres a huge used car market where they ship the cars used cars from japan to africa and these people are paying for its with bitcoin right you know this is an example of an area of the world that was considered lagging but could leapfrog to the head of the class remember part of the reason china became such a huge economy is that they entered into the Global Economy during the age of mobile phones and there wasnt really you needed to build the infrastructure of the old copper wire base telephony same thing in india in africa because they are already mobile phone. Marianna oriented are dominated now with mobile payments and with bitcoin in Crypto Payments they are in a position to leapfrog the world and become the 1st hyper big quite as ation example and that would be an enormous if they could leave the world yeah of course for domestic payments and domestic transfers of value they already have things like m paisa and many of their countries have their own unique mobile Payment Systems here is for a Global International trade this is one of the things that the book on our shelves standard argues is that one day well have bitcoin as a global unit of account for these larger purchases of a cost 10000. 00 for a car you know trying to transfer from a bank in africa is almost impossible theyre cut off of the Global Financial grid not because of sanctions or anything just because the you know its that supermodel thing with our banks its like they cant just be they kept me bothered with people who dont have enough money even and domestically in america you know j. P. Morgan doesnt even deal with people who have like less than 200000 its like not worth their time yeah exactly right the banks become spoiled in the us and they get a lot of free money and they dont really need to work as that concept is understood in the economy but in africa they are very hardworking in the decline in mobile payments and fractional payments using soto shes is really going to help them take over in terms of being the leading economy in the world i believe and back to america i want to read you a little poem about america this is a poem about america and this woman did a Google Search do i and the top search results that came up. Do i have coronavirus do i get a stimulus check do i qualify for a stimulus check do i qualify for unemployment do i have 88 do i have anxiety do i have coded do i qualify for unemployment new york do i want to know lyrics do i have depression so its an insight into the subconscious of america yes so this is the results of a Google Search on the algorithms well put up automatic results based on frequency that these are our searched on their platform and so we get an insight into the psyche of america and clearly what we see is a country undergoing extreme stress yes yeah and i would go on to say that politically speaking you have an interesting free verse going on there like an economic means or on the sink of as a cummings or Commons Cummings yes indeed you know i mean you know my capital letters old e e everything wasnt small case you know its like. Dissipated case sensitivity this is true about that poem and i do want to say that i you know as a good journalist went to check to make sure that this was true and i entered it myself and many of those are there but the 1st result the 1st autofill i got from google was do i have what it takes to be a comedian yes thats a good question a lot of people should ask that question but. You know but its also interesting exercise and self actualization me freud inner union says the world you know theres of the anxiety an existential crisis that is provoked and that through maturity and great philosophers in france explore this i start and others and so here you have like the pocket sarky you dont need to read the tempest none of the past thats it or other classics show must start you can simply get your existential fix and be somewhat french by doing a search bow tie on google and get enough of an anxiety hit without going to paris so thats a hack you know if youre on lockdown and you miss france you missed paris you know get some anxiety provoking self searching existentialism by doing a search on yourself on google well in terms of no self you can also always go to times square in new york and find out who you really are sure the world really is who our nation is by times square we have a times where president in the white house of course with donald trump he speaks like if anybody were alive in 1970 s. And walk through times square you know you of course think of like taxi driver right and you think of donald trump he sounds like somebody who you would have heard trying to you know sell you something some scam item in times square but lets look at new york because new york is the center of the Global Financial universe upon which the u. S. Dollar is based the u. S. Economy and much of wall trade everything goes to the new york fed that is the heart of everything so lets look at the scam nation there in new york city 25 percent of new york City Apartments have not paid rent since march a new state law prohibits evictions while social distancing rules are in effect this could last until theres a vaccine the city is bracing for. Hundreds of millions of dollars d and delinquent property taxes Travis Bickle is coming back to Travis Bickle star of taxi driver rome time square and you know became a hero antihero of the seventys revenue seventys as economic stress and it was a Great Recession at that time Oil Prices Spiked higher and it was the birth and culture American Culture of the n. T. Here to to kind of reflect the negativity of the times so you have taxi driver and you had alan pakula made of great films like the parallax view for all the president s men and so it introduced not only of men actors but shane out Dustin Hoffman theyre not traditionally a leading men type looking characters they became antihero of characters then that all changed under reagan and we had top gun in tom cruise and we went back to like the 1940 s. And 1950 s. Of america kind of granite chand right just captain america look and now i think were going to go back to this kind of possibly of heroic actors than icons and role models and itll be back to sit on a soundman Travis Bickle you know in terms of that whole scene from the seventys and stuff its kind of weird that we cover that up as our National Character when we entered the eightys and ninetys and the 2 thousands of all these huge action films where you know her roic buff american saves the world oh hes from alien invasion from evil bad guys but back in the seventys you know before we turned into action heroes you know even spielberg and even scar says he turned everybody into an action hero but right then that was the true heart that was what we were this is the dark side theres always a dark side the government was out to get you as was widely as you pointed out with parallax view and all the president s men and stuff like that the conversation and things like that then you had. Travis bickle that like nice kind and i 2nd smiling guy the guy you know whos helping you just taking you from point a to point b. In new york city but he actually wants to kill people like this is the you know this is the dark part of it so you know its interesting that thats coming back like that were returning to that where it where were no longer living under the delusion mostly that young people because perhaps they dont go to hollywood movies they dont go to movie theaters they will watch ticktock films and who knows what they watch online on you know various form boards so theyre indoctrinated or their culture or their understanding of the world is completely radically different and youre left with all these people like even Robert De Niro who just doesnt understand the american psyche even though he played one of the archetypes like that chavis bickel is donald trump like how can he be a method actor and play that character and not understand in any way what is before him because like all those journalists in america who they are supposed to be talking truth to power but they get subsumed by the powerful in the elites and they hang out in the hamptons and they become enablers of the powerful delete and the corrupt same thing with the actors who become like Robert De Niro transformed into National Icons and be friended by the hamptons elite so he loses all of his moorings and terms of where he came from as an artist yeah well you know just my point is that you know we have a population who is indoctrinated into thinking were all superheroes and if you are not a superhero then you are must be destroyed and the platforms and memory hold because when we grow up watching these films thinking this is how life is now in terms of new york city you know we also read a story this week that. The rats and Everybody Knows new york city rats we have pizza rat we have i think there was. Some chinese food that we have all those rats but the rats are not being fed because theres no garbage being put out because restaurants are open so theyre fair on hungry and well theyre starting to terrorize the people who are eating at restaurants because some restaurants are open but you can only set outdoors so theyre outdoors and max and i dont walk down the street in summer and so new york and there are rats everywhere are totally unafraid of humans just walking by you like out of my way buddy move over move over that was before the this crisis apparently yes theyve really gotten like seventys level rat infestation you know and i think ive mentioned before that but they are post headline about woman disappears on fault and street presumed the by rats who actually live no fault in st i was living downtown at that time it was quite disturbing but yeah it was quite the same. Seem to be returning to that 25 percent. Vacancy rate and that means all those lands are going to go bust which means all the banks are going to go bust and then all everythings going to go bust its not a 25 percent vacancy rate people are still getting to live for free theyre collecting their unemployment checks theyre expanded enhance unemployment checks theyre staying in their rent at their apartment rent free now for 4 months will be 5 months at least perhaps until december that theyre going to live rent free so they just save they build up their savings and then move on once the whole thing falls apart but in terms of new york city whether theyll survive the property tax is new york citys largest source of revenue it is projected to generate 24000000000. 00 in fiscal year 2017 or 44 percent of all city tax revenues and about twice as much as the 2nd largest source which is the local personal income tax in new york city is going to go bust once again just like what i say we said new york city times square donald trump donald trump created himself when new york city went bust he came to the rescue he was one of these people that got all these loans they created all these bonds and they built up he became an real estate magnate during that time and once again hes created the. Very conditions partly through his ineptitude with 1000 but also his property tax that he cut the deductions that you could do so hes turned new york city hes ready for his postpresident ial career ashes to ashes dust to dust. Im going to correct a sparkle in what. We go to work. Straight home. We are segregated and i suspect most of us people are also one of the 1st. If youre born into a 4 family if youre born into a minority family if youre born into a family that only has a single parent that really constrains your life chances people die and they stick to one years old and hes going to generational poverty. Its a. Fight every day so you meet your needs and the needs of your family. 54 jets and more than 1300 military personnel are headed to air force base in alaska where is that to say come on ill show you whats the reason for any type of enhanced u. S. Military presence in this area rush up. What is it suddenly about the South China Sea that makes it so that it 11000000000 barrels of oil. Take a look at this map who really owns what kind of says no it belongs to us india says no we claim that that belongs to us both of these countries have Nuclear Weapons capabilities there is reason for concern so thats why were going to drill down on this story for you today right here on the news with rick sanchez where you know as we always like to say we do believe by golly its time to do news again. Welcome back to say the kaiser report i max kaiser time to go to 0 g. B. T. C. Marshall long this guys been in the game a long time hes been mining big point since 2012 my guy marshall welcome back to the kaiser report a good always be back with the homeys and yeah man great to see you and listen big hash ray has set a new all time high at over 100 24. 00 x. A half per 2nd so for those in the audience who dont understand what this means what does it mean what does it represent what does a suggest what it what tell us about it marcel all time high it has sri maxs you know hash rate generally precedes price its a bit forward looking however what that means is a few things theres a bit of a consolidation happening a lot of people who got in early in 2017 theyre getting pushed out because they overbuilt their mining data centers theres been a lot of him and a activity recently and theres other people that are stealing up there are their operations so collectively its a bit of a consolidation and exponential growth in the Mining Sector let me ask you something people look at the price of pickling and they read just about everything they think they know about it into the price but big point as people like Paul Tudor Jones and others like you have been saying like ive been saying now from 10 years or more its a new asset class it has new parameters upon what which we value it and in the case of hash trade which is the proof of work mining out the rhythm at the heart of pick oil and running at 12830. 00 quintillion calculations per 2nd this shows convincingly that despite the price being somewhat flat over the past few months the amount of my. Any pouring into this space keeps going up at a very high rate and i think that is a metric that people need to focus on more than price what do you think yeah a lot of people ask me why im still a big fan approval work versus some of these other consensus mechanisms and heres the deal you have affectively sun capital that has a singular use and so the more the hash rate goes up thats more for most of the people like myself in yourself that thats more proof that theres more confidence than ever because as you see the price the ashtray go up what youre actually seeing is more and more capital being burned into a one way street that is big points are seeing a huge flight from an all these other fragile systems to what is good hard money in this case because yeah i mean thats a great way to put it and let me ask you this a lot of people are concerned about a concentration of miners and china in asia in general and my understanding is that a lot of that mining activity is not coming to america particularly the end texas so is that game theory or work is that true is texas a great center now for mining marceau whats going on yes or right now is a really interesting time is starting to feel more like 20132014 days when the activity in china wasnt so great a lot of my buddies that are chinese they are not growing their mines in china as much anymore theres a lot of stuff going on in canada and states a lot of activity in texas im not going to comment on what im personally doing but lets just say its very hot where i am right now right ok fair enough now every 4 years the amount of mining output is generated every 10 minutes per the quote algorithm gets cut in half and you know this isnt staying d part of the protocol and it has fooled a lot of people i can think of big calling quarter. Helpers over there is like my current and others interests and others who were so bamboozled by this they actually quit the project because they warned of big coing death spiral but wait it never happened. Is that right to say that and can explain a little bit more the big thing for the having it in my opinion one reason why i think it makes big points such good hard money is the fact that d. Its a somewhat deflationary currency in the fact that the amount thats put out goes down over time you know that thats the provable scarcity part of big going thats a cornerstone of hard money. Its also why like gold and some other assets and big corn in particular this death spiral is actually a feature not a bug in my and other educated peoples opinion right well stated ok so now lets talk about nation states now. Mining. When i want to look at a country like venezuela for example you know they they are in a hyperinflationary collapse its a very stressful situation they went down the path of oh lets create our own crypto currency the petro and that had obvious limitations for one it centralized and thats not going to compete and not really going to be worth ones time really then what i understand is that theyre actually getting into bitcoin itself doing some mining i hear the same thing about iran i hear they things about other countries so you are on the front line of big mining you are the guy i got to for the insight tell me whats really going on if it is well its actually under the radar been in mining for a while i have several friends whove been working im not going to say what the government but been a swale of the power prices been cheap forever so now theyre starting to look at us as a petrol is a big flop for a number of reasons but you know iran is really interesting to more so than what we saw previously was russia you know theyre really doing good power deals with miners in russia and siberia but iran in particular is getting into the game i would say right now its not that interesting as the advertised amounts that they have been able to or are planning to bring online arent. What i would call large scale however its interesting that the geopolitics is starting to play out in a way where. You k