but nation just won't do that's their excuse but that should not happen in a republic i mean people are supposed to know what's going on the people are supposed to speak out the people are supposed to tell their members of congress when we should get involved in hostilities and once again it's a theory of what our responsibilities are around the world most every country in the world is imperfect including ours but our immediate goal should be to improve our sales and not pretend that we can tell other people how to live and who should run their countries even though there are plenty of problems around but i don't think other people like us to take this role of secretly putting troops around the world and interfering and saying well we're we're going to improve your governments and we're going to tell you what to do if you don't do well we what we're going to put sanctions on you. much appreciated your company they saved ning get my colleague media chewed it will be here next doubts that you brought through the

night stay with us. when lawmakers manufactured consensus instead of public wealth. when the ruling classes to protect themselves. when the famous merry go round lifts only the one percent. we can all middle of the room signals. from the real news is really. what politicians do something. they put themselves on the line to get accepted or rejected. so when you want to be president i'm sure. or somehow want to.

have to go right to be first to see what the before extreme the more can people that i'm interested always in the waters of our. first sit.

i am max kaiser this is the kaiser report yeah bitcoin is skyrocketing up the charts heading into the five figure tens of thousands soon to be hundreds of thousands of dollars a lot of stories emerging you know stacy it's amazing going back to the two thousand and eleven era when but going was a dollar two dollars three dollars of course we were reporting it here on the kaiser report a lot of people would give me bitcoins at these conferences i gave a lot of people lots of bitcoins i distinctly remember giving russell brand a thousand bitcoins when they were i think maybe two bucks a bit coin worth sixteen million dollars i wonder if he still has them some of them were these to say shoes coins and i don't you know it's just a lost track is like giving away candy at the time of course they're worth something yeah we're going to as we approach the end of the year and do our retrospectives and look forward to the new year we're going to talk

a lot about the history of bitcoin what's going on we are recording this quite a few hours before the futures markets open in chicago. coin has become a huge massive international story everybody's hearing about it we're getting a lot of tweets and a lot of e-mails asking how to buy it how to buy it people are panic buying and you're certainly seeing that i saw a chart of verses and it's all buy is no selling there's nobody selling so you're seeing quite a basically a melt up and then rollercoaster down in those very volatile you we're going to see a lot of volatility in decline prices as these futures markets unfold there's going to be multiple futures contracts multiple banks all these banks are getting into it . we are again recording this right before the futures markets open in chicago so what's your prediction by the time this errors it will have already happened what's your prediction. for how it will have impacted the price of anything on

a late sun i think we're going to see upward trend because the business futures trading needs at their core a lot of inventory of coins so that i think as a tory of coins on the books so that specialists and market makers can do their jobs you need to have an inventory to do that remember i invented the virtual specialist technology number five on five zero one seven six i designed trading technologies and specialist technologies going back to one nine hundred ninety seven and before that of trader on wall street traded options i was the third biggest options producer in the shares of lehman hutton system for many years and so now they're coming into my you know my territory so tell us what you want to say i mean at my house so what do you think the futures market is a lot of people are in from the precious metals market who have been watching our show and what they always say is that the futures markets the paper markets and during down the price of gold and silver what do you think is going to have an impact or not on big queen suits up in gold and silver is that capitals fleeing

gold and silver and going into bitcoin capitals fleeing fear of money going into bitcoin capital is fleeing all these other desperate last asset classes and into this new emerging asset class and therefore they've got this upward buying pressure people don't understand that at its heart bitcoin is a messaging app first a means of know a store of value second and a medium of exchange third the suppose you're white paper is a bit misleading because it leads off by calling but going digital cash that's kind of misleading it's not really digital cameras and so first it established itself as a messaging app money and economics are the history of communication and trade it language that's language explodes onto the scene tree it explodes onto the scene messaging apps explode exponentially onto the scene because similarly it's the unique in this way it's an emerging asset class is not quite a currency it's not quite a commodity. it's not quite a technology it's a combination of all these things happening in this beautifully cartesian elegant

distribution of interests called the bitcoin protocol and it's eating the world eating the commodity world eating the technology world and it's going to one hundred thousand two hundred thousand three hundred thousand a coin because there are lots of which go to a set of saying what's been going in relation to gold in other words of a trade of four hundred thousand dollars a coin it would be roughly equivalent to the total above ground gold stock in the world you have to look at in terms of bitcoin as related to global debt it's not seven trillion in debt like seven trillion in gold there's three hundred trillion in debt i did the calculations and that would imply because the price of over two million dollars according to monetize it's a get rid of that and we're going to get as i recall just a we're going to revolution our spins fly we're flying through space of hundreds of thousands of miles per second why don't you know light this is speed of light you know how can we discount that how can we be little that are made of the moon we can

put going to a million ok as you said many people called bitcoin gold two point zero if just as that just as operating as a gold you know proxy or gold of its own digital gold as bitcoin investor novogratz has said that would equal four hundred thousand dollars per bitcoin just to equal the size of the gold market which is over seven trillion dollars to the point years ago because yes this is what he determine the price would be as for exactly four hundred thousand dollars watches or so i get it ok i'm still asking you however what do you think the chicago futures markets we have c b o e the on sunday and then right after c.m.e. and then there are going to be. cantor fitzgerald who you sold your technology to your company to a hollywood stock exchange what do you think the impact will be on the price can they. will it provide more liquidity will it bring in more money will it cause more

volatility will provide less volatility which you think will happen it'll create a bigger pipe for more money to flow into bitcoin right now the pipe is about like this is a relatively miniscule market compared to the bond futures the currency futures stock futures you know five trillion dollars worth of forex per day is the market because in that arena is a pipsqueak by expanding these contracts which is contracts derivatives are bringing wall street chicago into the mix here take in that small straw which is an on ramp for fear into bitcoin and you're making it massively bigger and that on ramp is going to suck and what i call the bitcoin black hole it will suck every piece of debt ridden carcinogenic bull who key central bank wall street bank jamie diamond will be sucked through a straw i mean imagine jamie diamond being sucked through a straw what he end up on the other end is a pulp of snotty and did generate you know three of it it was riveting imagine

lloyd blankfein being sucked through a garden hose what ends up on there is a string theory reese to block the coin black hole you know if you enter a black hole you get string of five spaghetti five gets picked out of fide imagine jamie diamond alone blankfein beings but get a five is there sucked into the big going black hole and they just turn into you know atomized pieces of deceit in the hamptons looking for matt lauer and some underage chick you mention the size of the four x. market and that's foreign currency exchange the foreign exchange markets so all that's the biggest market in the world probably by trade volume per day five trillion a day dollars versus euro versus yen versus you know british pound i forget the name of that little country there. stead appendix that appendage on the end of europe that's run by three some may so that's five trillion dollars a day one the very very first big day as everybody is preparing for these. the futures markets open a big coin they saw

a twenty eight point seven billion and bitcoin volume that had that was up from like five and a half billion over the summer so now we're at twenty eight point seven billion but just a tiny tiny tiny blip compared to the whole four x. market a five trillion dollars a day at the time saying it but so isn't the overwhelming see this of people don't understand is that this art because it is a messaging at first store a value second and a medium of exchange third as a messaging app this is the history of economics the history of money the history of trade the history of evolution the d.n.a. in our cells of our bodies suggests that bitcoin will be a lot higher because we as a species want to connect and monetization of our unconscious is the monetization of our collective unconscious is to model what i call the psychic equity conversion the p.e.c. we're converting our our our consciousness and unconsciousness into

a monetary medium of exchange through the the magic if you will as steve jobs would call it of a messaging app the metcalf's law of exponential growth and essentially ferrers law if you want to talk about economics for all you economic quantz and and hacks out there look up there is a lot i r s law of good money pushing out bad ok the fear of money is going the way of the dodo this brings me towards the end of our show the last two or three minutes here before you go into the second half we have finished your second part of your interview with randy bowler i do want to say max will probably be on r t. talking live as these up between futures start trading yet but well or other news i don't well hopefully or probably you're going to basically see a lot of live news about the futures markets because it's going to be a big impact and it's a big news and it's a big store. but before that i want to turn to an interesting story that also

happened on the very day that every but the market started going wild in big point futures you know prices up with that five thousand down three thousand up six thousand down two thousand when it was very volatile it was emerged that saudi crown prince devinsky painting that sold for a record breaking four hundred fifty million dollars so as wall street journal they got this information from the u.s. intelligence community that it was the saudi crown prince the same guy. carson rating those hundreds of princes and he had to pay for the banks some exactly but you know this is very old school old world everybody's like wow that's the crown prince this is four hundred fifty million dollars for adventure painting just to put that into context that's. that is three bitcoin pieces at this the current price is this three bitcoin pieces were ten thousand bitcoin were spent for two pizzas at the very first ever bitcoin meet up right here in new york back in two thousand and eleven only two or three weeks later there was that prague

conference where you and i attended but that was just a mere three bitcoin pizzas. for this painting you know absolutely you know the entire market cap of crypto currency is about four hundred fifty billion now approaching the half a trillion mark cryptocurrency market will of course top the trillion dollar level and hit the multi-trillion dollar level again because it's this amazing. quantum effect of pulling in all the money into the into the crypto and bitcoin black hole of store of value you used to be the only person calling for i remember there's some headlines back from twenty twelve or whatever max kaiser says because the market will go to one hundred billion how wacky how crazy but now i tunes the news or read the headlines and it's nonstop also seems this guy says go four hundred thousand four billion four trillion everybody's like calling the show you know like do you spend all this talking. but klein in terms of the consonantal which is that

i got to go all right well stay tuned for the start going to a lot more coming your way even george galloway i gave george galloway for a bit going like in twenty eleven he's a millionaire multimillionaire george do you know that satan. knows who would. win you don't. see the gallic try to get a court to do. what to do you know through only ten steps. let alone. said. claiming to know. that. if you speak french. the. continued talk of. the bill to.

pay everybody and stephen paul. collingwood guy you'll suspect every proud american first of all i'm just george bush in our view to say this is my buddy famous financial guru where she's a little bit different. you know with with all the drama happening in our country i'm rude have fun every day americans. really start to bridge the gap this is the great american people. here's what people have been saying. rejected and i was just full on awesome deal

the show i go out of my way to find you know what it is that really packs a punch oh yeah mr john oliver a hearty americans do the same. apparently better than. i see people you've never heard of love for the night president of the world bank very. seriously send us an e-mail. i'm max kaiser this is still the kaiser report you know. randy bowler off last time he was on right when we were talking about free speech and shutdown so i make all the executive decisions grab them back all right great to be first amendment yeah

let's get into it really polar if you are still officially advising the democratic party how can they reach a north carolina in twenty twenty. well first of all you know we've got to put good candidates on the ballot and you've got to run someone in every race one of the past problems has been a failure to run candidates in all one hundred twenty legislative races max where do you find these good candidates like the democrats seem to be obsessed with chasing the russian hoax ghost like they don't realize that dog don't hunt is a southern expression well that really has no bearing on what's going on in local regional and state races what they need to do is focus on candidates that connect with their district but you and i have talked a lot about germany yet a lot of people about it that's well gerrymandering is the ability for a general assembly a legislature to draw the lines after a census for the districts and so what's happened and there's been numerous court

cases in north carolina as the lines have been drawn where the politicians are essentially selecting the voter and not the other way around you know people say to me well randy you know you're partisan your arguing now that you're out of power we're empower the republicans give us our time and i say look if you're if your values and your ideas and what you believe actually you know can in or worth something then just make all the districts equivalent and let the chips fall as they may meaning that there you know fifty fifty races if our ideas aren't a good the voters won't vote for us but right now you have legislative and congressional districts that are way out of balance for instance if you have a dean next year name in some districts you're going to win no matter who you are and same with an r. and frankly that's just un-american it's not fair it's not right he said something there that is really good well said he said that instead of people choosing their politicians the politicians are choosing their voters yes in other words

gerrymandering they get together in a room and they say if we divide up the voting blocks in this way we know based on demographics and psychographics that we'll get x. number of votes and that's it's vote reg. so ghana knows russia gatehouse is all about say vote influenced by a foreign entity and yet general mannering is a clear cut example of vote rigging right here it's happening all over america it's especially agreed to sarah north carolina why don't they address that if they're so concerned about voting because people when they get into the power they want to preserve their grip on power right now in north carolina as a purple state it's roughly a fifty fifty state we've got thirteen members of congress it's ten republicans and three democrats it should really be seven republicans and six democrats or seven democrats and six republicans right there you can see how egregious it is go to other states like pennsylvania and you'll see the same effect these districts and been drawn in a way were the politicians are picking the voters with technology as it is now you

can literally draw a line right through a bedroom and if the husband votes republican on the wife democrat that's what you get now is not fair if said in the past that north carolina is really a petri dish day american political landscape it is a whole and you have for example the wealth and income divide i believe is very sharply expressed to the largest degree of any city in america in charlotte yet if you look at the indices that the talk about social mobility we've got a couple areas in the state that are at the top of a very bad chart you know you do mention mecklenburg charlotte also i think greensboro the greens for a winston salem area are both areas where social mobility is particularly tricky now you know it doesn't take a genius to figure out that industry was wiped out in this state first you had the civil war has test decimated much of what was happening here decimated wealth most

of the wealth was actually in property and what was the private property slaves right there went off the books and then you had the rise of some corporate industry . with tobacco agriculture sweet potato is number one seed potato producer in america is north carolina agriculture i think is eighty three billion dollars a year in exports don't quote me on that but i think i saw that number when i was watching the local news over thanksgiving and what other or some of the other dynamics that are part of north carolina as you see it from your perch as a political well we lost textiles we lost furniture making we lost a lot of industries that were outsourced overseas whether they went to mexico or whether they want to southeast asia and that really gutted parts of the state that were dependent on those good manufacturing jobs and of course when big tobacco went down and we lost that too i mean we're in durham durham was built by big tobacco duke university was built by big tobacco people don't want to actually square that

circle but that's the truth randi the model democrats and a radically different ethos to the baby boomer than they do far more left wing and far less suburban and more smart city suiting loving hipster localism as a mayor former mayor how do you attract this new generation. both generally a millennial are interested in a sense of place they're interested in locality so you know. farm to fork type of things or some people say you know tied to table you know locally sourced fish and so to getting it from a salmon farm and it's about quality of life it's about creating some experiences as opposed to living in the mansions i think we're going to have a real tricky thing in our country is the baby boomers are downsizing and trying to offload some of these mcmansion that were built in the eighty's and ninety's that were not very energy efficient were the buyer is going to be i said it what do you

think they got here that i love a trout right with it with cans. that's good really good let me ask you the question so the corporate democratic party is claiming victory with the recent virginia elections but many of the winners were bernie style rights are are the millennial is well and truly going to end the reign of the neal liberal democrats like hillary well i think the reign of scent of centuries in the liberalism is already on its way out i mean sometimes the patient doesn't know it's dead yet. really you think that hillary is dead well you know haven't you seen a body in rigor mortis can still kick so it seems as though we are in a post clinton era i think we're moving especially with the issues with the sexual rant rassmann the scandals we're moving into a post era for an awful lot of that generation not only in the republican party but the democratic party as well were you know i'm saying two thousand and eighteen is

going to be the year of the woman there going to be a lot of incredible women on the ballot and i think that women are going to play a role in the polls and reshape this country sligo it live seen evidence of this already we have there is a huge it could almost caught a tsunami of women participating in politics as a result in part due to this wave of sexual scandals women are saying i feel i've had it and nuff this is our opportunity everyone speaking up finally we have unity the problem with the women's rights movement in the past is they didn't have enough unity there was always some shiksa ready to sell out her sister to become a supermodel but now there's so much sexual perversion out there particularly in hollywood that there's a unity with that sense not sensed they suffered movement you know rights for women to vote have we seen such unity no more rape no more army weinstein's and this is going to create a wave of political activism in females in politics randi well you're seeing it by

the election of donald trump i mean had hillary won i don't think you would have seen such a virulent backlash but i mean his victory with his baggage connected to the other issues that you bring up i mean weinstein obviously was a big player in the democratic party as far as a donor and all these others across these industries are being exposed and women are saying it's our time we're tired of hitting the glass ceiling we're tired of you know pay inequality we're tired of being a singer. a mom trying to make it on two and three jobs and having a master's degree and not being paid i see it showing up at the ballot box and i applaud that the way i mean it's not the man who had the ball for a long time it's time to give it to the women it's time to see you know what women can do if they lower the stand it's only correct the men have had quite some time to time to give those to the women it's time to let the women get their share of

the power because we certainly have made a fine mess of things absolutely and it can't be worse than it already is no it is not in our waves any we're entering in age in the economy that demands less actual physical strength because everything is digital so it's more about thinking of the cloud cloud thinking women are good in the cloud they don't have a whole lot of thing linear thinking like women can't really think linearly you know the show up at the in haven't noticed this at a toll booth and they don't actually look for the change to pay the toll until they arrive at the poll both i mean for a man that's very frustrating for a woman that's the way they think but i think now's the time to let that kind of thinking take over when i first got into politics i was the youngest some i boarded h thirty six and everyone i think of the time was between ages fifty and eighty but they were all do it was only one woman it was not american woman and i helped elect are the first african-american woman ever in the history of pittsboro and the town is almost two hundred forty years old as i moved on in my career and got more women

elected to the board you could see a difference in policy so having inequality of people on these decision making boards across the country is important you can't have it all one gender or one class it's important to have people from different areas to provide insight in your community and i see that happening in twenty eighteen twenty nine hundred twenty twenty and you already saw it in virginia in twenty seventeen more women on top that's what i said more women really are again ready that's going to do if it is a decision for the kaiser. with me nice guys are in states like this i guess randy vall or do you want to catch us on twitter it's kaiser report in full next time by you. chris in the mainstream media is an all time low but no one should be surprised in

the media has itself to blame this sad state of affairs is a self-inflicted wound and actually a conscious business model the media no longer has a news media today propagates ideology. the muslims and. i. thought it. was. that. it was.

we believe that you know we quickly see in the system of abuse and torture of the refugees and my friends say. amnesty international points the finger at the countries over the plight of migrants in libya. protests are up for a sick day in the west bank and gaza against the u.s. recognition of jerusalem as israel's capital. and a deadly explosion at a major gas hob in austria europe on high alert with prices soaring and a state of emergency declared in italy.