divided society. the whatever the government tried to do it wasn't necessary maybe . it might be making things worse. by saying this is not how capitalism works this is capitalism goes hopelessly designer strictly rome. welcome to the kaiser ford imax kaiser well we're wrapping things up here at freedom fest in las vegas has been a fantastic journey for us a lot of great guests that we maybe should just take a stroll around talk to some folks out there on the floor get the pulse of what's happening here let's go. all right so we're prowling the floor freedom fast oh my

gosh the can we pump into peter schiff and what's happening. by bruce get ready for the bull bear debate oh that was ok here is what i am well it's a bull bear about what was right good question yeah tell me everything i don't know you the u.s. the u.s. house your spring i mean you were very visible in the political arena you ran for it was the senate for coming in it said it said it is part of congress yes the house and as a congressman congressman as a senator you're right and you know you're closely associated with that what do you what's your current take on the administration right now just to. they're having a tough situation look what they inherited from obama but i think a big problem for trump is that is choosing one he pretended everything was great i liked him better as a candidate when everything was raided when the data was phony this statistics aren't real the unemployment rate is much higher don't believe the g.d.p. the stock market's a big fat ugly bubble that's

a trump i voted for the trump my god everything is grade it's a bull market the economy is great it's all because of me so he's claimed ownership of this economy and this stock market right is about to go over the cliff right there he's the fall guy now right so i think i think he's going off a lot more than he could chew and you know i think things are going to go down to look at the dollar the dollars now down ten percent since early january it's on the low for the year and close the week on the low i mean it looks terrible technically . the trunk. it is completely reversed in the dollar i don't know you know how much longer listen i was a dollar for second because you're really major bones on this invest in foreign stocks you're kind of like outside of the dollar and probably overexposed to the dollar so let's get something outside of the dollar and the dollars had a pretty significant rally and now looks like it may be softening up a bit and it's kind of overdue for a pullback i would say it's a year to kind of back your portfolio i think is poised back to now take advantage of these these trends assert reasserting themselves so you know years ago i think

the whole dollar rally in that took place really in two thousand and fourteen twenty fifteen maybe start twenty thirteen was was fake i think it was based on a misunderstanding of the efficacy of fed policy everybody all of a sudden believe that the fed solved the problems that there was no damage from q.e. did everything is great if they can normalize interest rates they can shrink the balance sheet the fed saved the day ben bernanke he was a hero and i think people are going to find out how wrong they were if you remember the very first reaction when they first launched q.e. number one goal went up to nineteen hundred and people were worried that this was going to be a problem they were right the initial reaction was the correct reaction and the market is going to swing back there and i think this is the beginning of a new bear market in the dollar and i think it's had a lot laura think we're going to take out the lows the all time record lows that the dollar said in the zero eight financial crisis in fact it was saved by that bell right the crisis ironically save the dollar i think the next crisis is going

to kill the dollar and of course in the case of the dollar and the stock market responding in this way we've had a tremendous movement in to cryptocurrency and now here we are free to us and you know you're kind of like the guy who is represents gold certainly the gold business gold and silver and precious metals and so those who are in there why a person is such a big topic here there's if you come out and you're pretty negative on to. but in general so just summarize what your thought what your thoughts are negative side and this is not new i mean people have been doing this now for last year or so many people have been getting excited about kryptos you know i did this breakfast this morning with jimmy rogers several people asking about proposed you know jim rogers has never bought a crypto you know you see all those golden age of nobody i've buxom and well of course i mean everybody you're a you are you have to pay for data you own all the big boys you've got all the money right but look you know i understand the concept of currencies

don't work we need an alternative the central banks yes i get that but the alternative to fee currency is in a fee digital currency i mean it is you know the our monetary system now is based on faith right because you know there's nothing real behind dollars or euros or yen it's just based on the fact that you believe people are going to want it and they're going to except other than that the one thing that that currencies have is governments accept it or require it for payment of taxes so if you live in america except for me living in puerto rico now so i go out from under this but if you live in america at the i.r.s. watch your taxes and you better send in dollars right that's what they accept so there is a natural demand for dollars to stay out of jail if you have the you know going forever secondly jumping some sony and that word thiago we know usually the debate is about fat versus gold and we say we feel it is a garment saying this worthless piece of paper has value gold doesn't need the government to say it has value it has value for thousands of years now in the case of crypto it's not about sonthi out in that sense it's deriving its value from this

network of cryptographers to our work right now that i'm going by how much saying the government is saying let this be money i'm just saying it's the same concept of it's just being created and let it be money but there is no real value in it it's all based on faith right if it is. somebody doesn't want your big claim. you there's nothing you can do you are using that this crypto currency in particular you know lenny ills look at their dinner ration. you've got a big business here they're not ending millennial generation is gravitating to our i say perceived as a gold substitute both as a business person you've got to take that on board now i mean i did i say either move my markets wrong but i'm going to i'm going to ignore my market no it's not my market i'm saying they're wrong and the people who are using it are using it as a speculative asset i talked about today he showed me his report folio whatever they have like fifty thousand dollars i said have you ever spent any you know i mean so he's never used it in in commerce you speculating out he owns it as an

asset gold people don't spend their gold typically even when the bank think they're for retirement their golden years you know you need this you've got a service for storing all you get is arnel storage phase it is don't need it today it is never going to work as money it's suspect you could people could buy it the price can go up until the price collapses and some people don't want to do anymore i mean the people who are buying it think that one day big corn is going to be like a currency everybody loses it to be worth a million dollars a big coin and everybody's just going to be it's impossible and first of all there's already like but thousand other crypto currencies and how many more can there be this isn't a point but sort of people are using this card saying no they're not every day the top one hundred thousand americans accepted you can go a visa card from big bank this back millett going to use it to buy every sunday i can live my life one big point day all day long they don't accept it i either accept a visa card no put the vs what the they get paid dollars no merchants or pricing

their products in bitcoin you can't go to a merchant and it says this is you know point one of the big quaint and then you give the merchant a big point and they take it they don't what happens when you use your debit card to use bit pay the merchant gets dollars or euros all they're doing is making it easier for you to sell your bitcoins to buy the currency that the merchants i use my gold money damage when i go to sears and roebuck it's not priced in gold no what i said well here and there were i told money debit card right but the big thing about gold money is not to use to go. money debit card one day merchants will actually want gold and you'll get one day people who want to go there or not they're never going to why do i say that is your opinion in the market he said you know what the american city of new a different legal wall the market was giving a different signal for the tech stocks in the internet bubble and a lot of it went to zero the market was give me an amazon is like ruling the world yeah amazon but hot for every album there were one hundred that will use euro logo all adding you know ok so how do you know let's say you really believe in digital currencies so what if somebody comes up with a digital currency

a year from now two years from now that is so much better than big point it does everything big coin does better faster cheaper and everybody wants that new one and no nobody wants to coin so it's worthless right nobody wants that anymore because somebody came up with a better mousetrap so just because they were first but of course i don't think that's going to think any of them are going to work i think if we're ever going to have digital currency the euro they have to be backed by gold they're not going to be backed by nothing they're not just going to be digital thiago where you have unlimited supply of the ground why no other currency come in line competing with big point they were all your royal petition there are a lot of competitors and that's true but if you say goalless a is a as a store of value it's very popular it's used for thousands of years it doesn't mean there's not also silver palladium rhodium right but they don't have i mean rubies they've been around says they've been all used because all scarce know their uses currency and one killed another they will pick up. a cell and then go over to

another country and they cash it out that's currency is used to move money from point a to point b. not a current or asset goal that is used as there is no it's not a this is an asset you don't peep you can't rip up a picasso and give somebody a piece and destroy the value sure it's absolutely not but in the case of gold though it is use and similar way store value in a currency yes that's right because it has oil but no because it has no value to store now the price has gone up but there's no inherent value there who's to say. bitcoin doesn't go back down to ten bucks or five bucks i mean it could go to ten thousand first sure i think there's no way as a scarcity value then you're fine to know that they're being other currencies being created willy nilly i think is not a great point because we're finding out what other monetary metals know you can trade other mana no matter who says well silver doesn't have the same properties as gold gold is unique in the periodic table and the reason is that it's money now silver so has been used as money to oksana because it has some properties and people desire

a monetary but because when does not yes because you can you can you can exchange it but there is no value there to store and you say well there's a scarcity so there's twenty one million bit points if nobody wants them they're worthless and the only reason that people want them is because they believe somebody else will accept them it's all based on faith the belief that somebody is going to want this crypto currency in the future and they will give me real value for it don't give me goods and services well what if they don't what if somebody comes up with a better one what if they just collapse what it does bubble burst what a big coin goes from three thousand down to three hundred you know not too long ago it went from a thousand down to two under where people going to think who paid three thousand dollars oh my money just went from three thousand to three hundred i mean you're you've got a lot of people now that are coming into think they're going to get rich off these things i mean is going to be you know bad branding when this thing collapses you know they all were everybody watching chris i guess is what everyone is to credit criticize currencies well these digital currencies might end up making fewer

currencies look good that's how bad they are these currencies could collapse before the dollar before the euro so i think if you're worried about the currencies you're jumping out of the frying pan into the fire if you're buying these crypto currencies stick with the real thing stay with gold ok gold got through history yes for sure and in all of for all those reasons they have just said it is they print eminent store of value has been for thousands of years this crypto currency and bitcoin is very similar in a lot of the. and for this new generation they accept it now as gold that's there a perception of well that now that she is going to change that market though if enough common to it if they if they define that market that will be is going to go they're not going to look i'm not going to take my advice from twenty something year olds who think you know they'll think i'm foolish almany i just don't get it and they get guys like jim rogers smart people or me you know that they think we're dumb we don't get it no i do get it that's why i don't own it it's the people who are buying it who don't get it now do i wish i'd bought it

a long time ago guess i would be selling it if i if i had it but it doesn't mean the people who bought it were smart they were lucky now there are some people having our heads up bro all right thanks to thank you guys are part of right thanks sasa sending stuff stay tuned for the second half of bora coming your way. seems wrong. why don't we just don't hold. me. yet to shape out this day come to. an engagement because betrayal. when so many find themselves worlds apart we choose to look for common ground.

it was you know provision on my back when i wanted to be. there so you'll know i lost his boss because. we don't have any. but the pressure on us i don't mean. showing us you know part of us you're not. you know just i mean most people have spent the better of me just going to be i mean. there's been up and i must. get off on getting worse but those were the old. one of the. just.

my family fussy credible my just but that's already yes equestrian he thought of getting up there calling you seem to me. welcome back to the kaiser report imax keyser time now to return to our conversation with charlie shrimp welcome back hi good to see you again we cover a lot of material in the first segment kind of bring people up to speed on what is happening in the space of the cryptocurrency space icon want to take a step back and look at things from a broader perspective and get your thoughts on why is big point in cryptocurrency why is it important for people to look at this maybe in a way that they're not really thinking about going to larger picture way yes so the

way i kind of describe it to people is that like before the printing press most people in the world didn't really ever need to learn to read and write because most information came from the church or religion and it was a top down approach information flowed so the church the king who was the supreme leader the you know the king of england would be able to control all information and that's how you controlled your you control the information you control the money you control the population then the printing press was invented and that allowed anyone to write something and be able to spread it across the world and in a more efficient way instead of a top down approach it was a more decentralized approach and they hated it because all of a sudden the kings and the dictators couldn't control their population anymore and then martin luther forked catholicism mozart for good ol says i'm right there because the printing press mad a lot of people get all these fracturing of religions and people start to get information the rate of people that can read and write grew exponentially during that time period because all of a sudden there was

a reason and you can argue that all the sudden people were freer over those hundreds of years their freedom and shoot like the internet there after we got the enlightenment exactly good point about you know the printing press good burks printing press and kind of how this undermined the authority of at that time the catholic church. it was kind of the storehouse of knowledge if you will that the priesthood eccentric and my question would be that with crypto currency and what you could say are flag lists currencies money with no flag attached to it is it going to have that in similar impact on the concept of the nation state i think so too i think the borders are are going away in the crypto space like it was even really matter where you're from monies are fungible it's not based on your nation state like of uro's dollars pounds all they point so people can go from anywhere in the world and they can trade and buy and sell and you know i can have dinner with my south african friend and we can pay child back and the coins instead of worrying

about what currency i need to transfer it in so yes it's bringing that down it's making people more worldly i think the chateaux she white paper which. was really written in two thousand and eight and then the first simple the taisha came in two thousand and nine and in the first page it's a political manifesto it really is a lot of people that are involved in the crime nowadays don't really care for the roots of the coin and i'm not going to be someone to tell you like why you should be involved in this you know freedom voluntary isn't freedom of choice you or whatever motivates you and that's ok but we should never forget where we came from because that's how you'll know where you're going to understand why because it was great what was the motivation behind the toshi understand why he built it and how to for how to make sure it gets and used to grow and go forward in the future and people forget that in three understood it's really important understand that whole aspect of cryptocurrency all in the way paper in east critical openly critical of

the bailout sale out on citizens old banking quantitative easing and you know we've been doing our show during that whole period you called that you called it and when this first appeared you know we were quick to identify this as an act of political activism you know we ran a campaign crash a few morgan by silver as. the way to push back against j.p. morgan cryptocurrency all the money that flows into crypto is being kind of taken away from money it's only available right and that field money vision drain talk about draining the swamp you know if you drain the money swamp that's why the old coin market for example you know max coin that not too good to the max going again but it is saying it is a crypto coin that it has no special attributes or functionality but it is a place to park. outside of the fee out system has value in that sense of the year any any max going purchases moving away from

a fee world and that itself has some value so you take the total like market cap of cryptocurrency is like between seventy and one hundred billion dollars it's still small peanuts there are people that have more net worth than that point that's a hundred billion dollars that's not part that banks anymore like you said this right is being drained slowly but it's going to go from exponential soon we're going to trillion dollars we're going to see ten trillion dollars the great thing about the you know scalable technology whether it's email or facebook or you know you just put another server in there and you know the million users if any of it if it scales fricken brilliantly so here is a scalable currency you know providing a few bumps in the road that is desired by anyone who hears about it i view it anyone who's been in the space knows the experience of i just had one on my way over here the guy came up to me and said i heard you last night talk about i never thought about it before but when i got back to my hotel room the light went on and i'm suddenly out of the rabbit crazy person for the first and it's true and another

metric that people don't talk about and this is i go back and it's a lot jobs look at many jobs the cryptocurrency spaces created over the past eight years hundreds of thousands of jobs around the world having created people like myself i work full time in crypto i can feed my my fiance. i couldn't pay my rent i could give other people jobs all from a script a current a space a huge thing these are people now that were used to be working for the man these are people who were working for the big banks for get money taken to being away from the big banks talents talent is scarce money is not scarce anymore they get it for more talented scarce so all developers financial experts that are not going to work for the banks that are coming work for us doubts the real swamp we're going to drain work we're creating a whole global community i can send one message right now and reach thousands of people in fifty countries around the world you need a network you need help from if i'm sick in serbia i can get a person there or

a part of the same community now we all have a economic vested interest in making the world a better place together and that's the beauty of this you know when i talk to a left wing friends you know. political least speaking and i try to talk to them about all the things that they're actively against you know the progressives in american politics what they're fighting against many of them these issues can be solved you know her least addressed was cryptocurrency and yet it's a total dead conversation dead on arrival they don't want to hear about amy goodman over there democracy now you know i'm pretty sure has never had a single story i have is going to cripple her and i listen that's ridiculous you know i can when you just said that because i didn't think about that until now for a year i listened to her show almost every day in prison because one of the only shows that i can get on that was from n.p.r. now that all that's a demographic she now one time not one time in eleven months listening to her show

every single day that she ever talk about cryptocurrency it empowers all of their issues on the progressive side of the media spectrum of the political spectrum who should embrace this technology as a way to fight all of the corruption and banking. you know. crimes that are you know right i don't think that they want to have solutions i feel like a democracy now. that whole kind of like segment of the world they are talking about there they make their money just talking about the problems and that's where they get people riled up and donating it within their show when fear mongering and scare tactics but when there's an actual solution to a problem i don't want to hear about it i had the conversation with gary leopold who was running greenpeace a few years ago and i gave him a solution about how greenpeace could effectively do battle with corporations using i think i invented called comrade and he told me that in and zac goldsmith was in this meeting he said that max what you're saying is true but if we did it our

funding would dry exactly that's my whole point there's no economic incentive for them to actually solve the problem because they make more money when the problem exists they get funny it's like the drug war they don't have their she wanted to solve the drug war then the d.n.a. tier one exists anymore but there needs to be a drug war to fund these even cities and find i have you know or whatever like i have nothing against people who want to make money now their jobs i'm not going to tell people that i don't voluntary is what i did or they like let's call a spade a spade right this is frickin voluntary inist i keep seeing all over the place like i stood on roger variometer handle and like what the hell's roger until now i really don't like attributing labels to myself i really am not that one of those people that model libertarian i'm not a state is the monarch i do that because when you're finally able then your son attributes that you necessarily don't believe in voluntary ism for basic reason it isn't it's one rule what is it ever force someone to do something that you would

want someone else to force you to do it's voluntary the everything in the world should be voluntary like that so it's a corollary to consent yes what's happening in the necker island you've got a con fab sponsored by big sherry of a lot of top people into. space center on the thirty year is this a good development is just a few good things happening as a result of this conference is going to go to i think that having everyone together and learning from each other and is a good thing but you know i think it's really important that these miners don't agree with each other it wouldn't be if all these miners agree on everything and it would be like what's the point of even having competing minors is that the whole point is to have everyone disagree even hate each other to a point so if an a negative person or someone who wants to affect the coin in a better way actually does come in and try to affect things he would be able to get consensus because there's no like everyone in agreement that's a good thing let me just answer talking about politics and some controversies ok

craig right thing as a guy is australian claims me to toshi or is alluding to the fact that he is a. very a kind of suggested are sadly suggest that he's get some people in the community like john mcdonough you know i know john a long time and i respect john it's but but when he speaks to the senate doesn't really come across as as what you would expect the voice of the toshi to be if you read the white paper what's going on there so i was very dubious to craig right when he first came out i never said this publicly but i was very dubious about craig whyte and i try to give people the time of day that whatever so he contacted me and he said hey can we chat so i think i did and i and i knew that people would find out that we were talking so i actually told one doctor on a back america bros though and a bunch of other corner people that hey i'm going to i'm going to jump on a call with craig right i'm telling you in advance of his no lie conspiracy theories behind it so i spent three and

a half hours of google video with him. and i asked him a lot of questions now i grew up as understand like when i got into big court i was a kid i idolized the toshi as people idolize their fav their favorite basketball players like i wrote every word of the white paper i read every email. i read every forum post i was a kid living in my parents' basement i know what to look up to all of us the toshi i know everything about him so why i support the current right this guy is a fraud he had his no way and he offered me a job that's what he's doing with drama tonus with all these people he's offering to fly them out anyone with a social media presence he's paying them off he did it to me well. my only comment is that the voice in the white papers are reflected in what i'm hearing and a video that doesn't feel like a match made in a close south that that's a red flag who had a shot of being so sure that he does charlie i told you not done now everything's.

going to be on the cover of time magazine now and it could be worse we got to go thanks thanks for having me get all right with us going to for this edition me to tell should i come out and stacy herbert with our special guest charlie sram if i reach us on twitter it's kaiser report into its time but you know. you can see the border from here was a. steel to secure. those old we'd. like and says this is this is. and this is something. you have every right to be here have the right to call collect my food be a part of my family on both sides of the border. play store to who are going to

zation call your resume the border recall that we or the state a little bit into t. . that is doing. with these to be done in the five years it's getting worse the violence is escalating because it's still billions of the. bridges really good. when somebody calls you know obviously they believe that the duration is there is it you don't believe. it is taking responsibility for their security which you would for any where else in the country. social environment. right. chemical discoveries over the last century made every day life easier but at what cost this is cereal is exceptionally sick. no wonder it's confidential. says since the years old industrial

giants reaps the benefit ignoring the caused by chemical production. you know as if these people are people just experimental animals decades later the toxic environment continues to poison lives and we found these astronomically high levels of dioxin levels that my staff think maybe some of the highest levels ever found in the united states for almost thirty years this very serious problem had not actually been addressed what will that investigation into the chemical industry secrets revealed. this despicable. the earth. here's what people have been saying about redacted and i say it's full on awesome the only show i go out of my way to talk to you know what it is that really packs the. yampa is the john oliver of our three americas do the same we are

apparently better than two thousand that some see maybe you never heard of love redacted tonight was the president of the world bank hey i'm going to write me seriously send us an e-mail. breaking news this hour the u.n. security council vote. in favor of sweeping new sanctions against north korea in response the young yang's intensifying. u.s. launches a war and government. phone transcripts with their leaders are made public threatening to damage american diplomacy. for. the u.s. open his first t.v. interview since leaving the post. with american diplomats.