the occupying power in palestine is a legal fact it's not up for debate this has nothing to do with opinion it has nothing to do nothing for special logo and certainly has nothing to do with god what happens every day in palestine is a palestinian population confronting a military that is basically with a regional superpower a military that has control over every aspect of life for palestinians we confront these israel these soldiers at the checkpoints we have to deal with them when we need to move from one point to another in our own homeland they decide whether we can build our homes or not whether we can keep our schools the control is absolute we do not believe and the other conclusion for many bodies this is all capital and i believe that some day east policy students we've come to negotiate us instead of using their all against us we'll have a couple of

a model for the first time a new story policy that will ever state side by side by israel and this is what we're into more r.t. programs in just a moment by for not. thank you. thank you you. thank.

hi america has or this is the kaiser report only one day to go before the ninth birthday of bit coy just think about that in nine years it went from absolutely unknown piece of software to world shaking wall street transforming society busting mega important thing oh yes max it was january third two thousand and nine where bitcoin was first mined genesis block happened january third two thousand and nine so it's its ninth birthday tomorrow and we will be celebrating with seamus the often a whole bunch of fi floundering north carolina party in durham on big nights birthday sense to genesis block and it's going through a lot of biblical drama you think about it the big point jesus became big going judas the old testament of the original gangsters really gave way to the new

testament of the clash of the plan c. and b. c. c. a b. c. fast money types and that's been attempted to be crucified several times as well and has been reborn several times so it's kind of like the bible on steroids well the money changers didn't they get kicked out of the temple or something like that all their money and queens us bladdered all over the place that has happened on many of the exchanges between exchanges have been hacked and all sorts of crazy stuff and of course many people have been piling in too. in the past year especially twenty seventeen is probably when most people heard about the queen and got involved of bought the first bitcoin certainly even people involved in our show and we've been talking about bitcoin since two thousand and eleven two years after his birth it was two three dollars back then and we talked about. many many times we've we've interviewed all the top players in the pick my space. top guys and you

know cameramen and editors and executives of our show have been watching these episodes for years and it was an untold september october that they finally started say how do we get one of these were by you know like wait you waited until it was like twenty thousand dollars to even think about buying we told you to buy it at two or three that's the amazing thing isn't it people that we've been talking about of for years finally when it went to eighteen nineteen twenty thousand were suddenly curious about it and started buying it but that's the way it always is with these types of ideas they're completely dismissed at first and then when they end up changing everything game people suddenly get interested so that stuff's not unusual i also want to say you know because a lot of people will only be new to this and they have endured the drama of what's been happening with bitcoin since the futures were introduced and since the huge drops and. the huge volatility be cash or bitcoin kassam all this sort of drama over the christmas period on these exchanges they might be alarmed so what i would

say is that you should go to you tube enterprise report bitcoin and look back through the years that this is kind of normal for this whole area it's you know you have to think of it like that sort of that cambridge explosion the pre-k. may be an explosion of. evolution these are ideas being explored and a lot of failures and some great successes in fact humans come out of the x. the successes that happened in the pre-crime be an explosion or remember the dot com crash the whole the whole nasdaq blew up drop seventy eight percent killings of dollars disappeared all kinds of companies were vaporized but from the mask we google you know apple was reborn. amazon so these are the winners and now they dominate global trade and globe. market action so the same thing with big oil probably in another huge drop as we will probably see the survivors all

come up and the world beating companies in world beating applications and coins i don't know if we've had any more gifts this year but i'm sure there will be many more forks in twenty eighteen so it might be good to hold your big quine and hopefully there also be clarity because you know i think a lot of people were holding three twenty seventeen and the americans in the bitcoin space because of the lack of clarity from the i.r.s. is that an asset is a commodity as a property as you know is that income do you pay capital gains whether that's so i know that's why i haven't like really sold any because i don't know what what i would what the tax implications are but i want to you know talking with the law we will be with him on the birthday of bitcoin on the ninth birthday and first i want to say because of course we've had a volatile christmas a past few weeks that has been very volatile all over it just kept on going up it was parabolic up and you know you would see down days of ten fifteen percent and

people like flipped out they were scared panicked this of course is normal for our experience that we've witnessed two big queen through the past nine years but here is jim slop with the queen obituaries proclaimed per year and two thousand and ten there was one death of bitcoin proclaimed and two thousand and eleven there were six i remember that year and two thousand and twelve there was only one and twenty thirteen there were fifteen and twenty fourteen there were twenty nine and twenty fifteen there were thirty nine and twenty sixteen there were twenty eight and twenty seventeen ninety three deaths going pronounced so how many do you think there will be in twenty eighteen oh about using that chart as a guide they'll be real two or three hundred us person. is unique it's a. it's the fifth element it's completely. unique in that it's non reproducible don't counterfeit

a digital object that can be used back and forth electronically as a store of value and that had never occurred before this brilliant genesis block was mine based on the two thousand and eight suppose you buck a motorway paper and it means that all banks also intro banks are distance mediated they are no longer needed this is they're going to go the way of the music industry when napster was introduced you know that it's just not going to survive in the same way that it did and we often said that the biggest terrorist in the world are bankers like jamie diamond this is the terrorist killer this is going to put more terrorists out of business on wall street city of london then anything else and i think it was divinely inspired well certainly it has generated a lot of cult sort of following you know disciples and apostles a story line of an intervention hank resists is a direct pipeline to god ok so much of a cult like statement yes yes and i want to say you mentioned the dot com bubble

you were around for that and survive that rise and fall and you were right to point out that there were a lot of people who say oh big quince like pets dot com but what people are saying in response is like no this is the internet and pets dot com failed but just like some of the coins might fail but you know the things like amazon google survived and then new companies like facebook and twitter that weren't around during the first dot com crash so you know things can happen but there is a bit of sort of bubble hysteria going on that you see in this next headline a small fin tech stock surged two thousand six hundred percent in a week after announcing it's a crypto come. winning tech plus cryptocurrency equals about seven billion dollars that's how much the value of long fin corp surged to after the micro-cap stock

rocketed by as much as two thousand six hundred percent since debuting right before christmas most of the gains came when the company issued a press release saying it but z. do dot com a block chain empowered global micro lending solutions provider that transacts only cryptocurrency so even the c.e.o. of this company even went on c m b c or one bloomberg one of the financial news outlets and he was like this is too much why are you doing this this is overvalued people it was a penny stock and it acted like an altar boy no not even any all the point i don't think has ever risen by two thousand six hundred percent in a week well why is this happening is because the reason why because it was created as we celebrate the birthday of genesis block it was created to do battle with central banks and banks around the world who are irresponsibly printing money without lending it out simply to bail out bankrupt institutions around the world

and this is the price explosion and the upward march of wealth to the top one tenth of one percent the global economy is incredibly distorted unlike in any time in history will billionaires are being created faster then one can possibly legitimize given the underlying economy is growing quite rapidly you know warren buffett himself said that a company that is growing at a multiple of inflation is probably doing it in a crooked way because there's no way you can outstrip to. degree something that you're bound by laws of physics and laws of business to some degree and here you have this company skyrocketing in value because there are literally hundreds of trillions of dollars of ill gotten gains sitting in offshore accounts and sitting in hedge funds and sitting on wall street who are bored there look. for something to do they see jim cramer on c n b c screaming about something or they hear about this and they just put the money available for this is instantaneous is there money

to fight climate change know is there money to increase labor wages to restore dignity to society through jobs no no no not at all it's only money available to the club talker so you oligarchs well i also think you know wrapping heading into the last minute or two here i want to say that you know janet yellen they're starting to pull away the punch bowl and i think this could be also part of all of that cash trillions and trillions and trillions have been created in the last few years and everybody's been waiting for something to happen remember in two thousand and eight two thousand and nine the likes of peter schiff are saying hyperinflation is coming his call may have been too early but you know that this could be some sort of hyper inflationary mindset that is out there it's happening in cryptocurrency is happening in the equity markets is happening bonds it's happening in everything so this could be a last hurrah like people downing. the drinks before the you know the bar closes well up to peter schiff point you know it's all hinged on the u.s.

dollar the world reserve currency which is being held up through the shenanigans of coordinated central bank fraud when somebody breaks rank this is going to happen twenty eighteen one of the major central banks in the world will start buying bitcoin they'll break ranks from the other central banks that are colluding to aggressively expand money supply to bail out corrupt banks but when one of these banks breaks off and says you know what we can triple quadruple quintuple our money by going into crypto and you guys can go and fend for yourself then the torrent of those trillions of dollars worth of cash that have been kept out of the economy due to illegal machinations by the central banks comes flooding in and the real hyperinflation kicks in the dollar crashes spectacularly that's happening and twenty eight team by the way the kaiser report was also born in two thousand and nine just not that we're all the same but we were born the same year bitcoin wise i'm not a toshiba and we're in a new studio here and i want to say we will be getting some sort of like graphics

and stuff like that behind us but i just want to introduce you to our new studio here in raleigh so happy birthday to us happy birthday to soto she nakamoto. there's the toshi i knew it. i will stay tuned for the second half a lot telling you way. everybody i'm stephen bob. taft hollywood guy the suspects every proud american first of all i'm just george bush and r.v.'s to say this is my buddy max famous financial guru well he's a little bit different i'm not a lincoln oh no one knows up with all the drama happening in our country i'm shooting the road have some fun meet everyday americans more. closely start to

bridge the gap this is the great american people. well go back to the guys report imax guys are time now to return for a conversation michael pentel pen to a port dot com money manager extraordinary out there in new jersey the bayonne bleeder they call you you know yeah them are. the boxer yeah well you know for all my that was in town. yeah you almost beat mohammad ali really yeah they bottled the rocky character after chuck weapon or baling blade or jews i know more about that

you're seeing the most people living in new jersey ok so michael pinto let's get back to this you know bitcoin and you know your got a negative view on it and the points you make just to recap here that there's a vulnerability at the exchanges and the on ramp off ramp the a word government could could go in there and cause havoc i mentioned there's an intellectual property challenge that could be made if people banks can say we own the ip for this type of technology similar to the way microsoft attacked open source software like linux by saying we've got certain intellectual property there are they trying to invalidate this competitor you also mention the possibility of a fed coin fed going comes around it's a crypto coin it's a digital coin and you're idea is that they want to wean folks off cash yes they want to get people into a permanent negative interest rates an area which we will need to do to extricate the economy out of the next great depression which is coming unfortunately in my opinion right so the depression comes when the market collapses market collapses because nothing was done to stop it from the last collapse except give the worst

actors in the economy more money to go create more probably so only seventy trillion increase in debt since two thousand the globally so they're going to have to do something they only have about one hundred twenty five basis points of bullets in the in the in the can there global right to fire the united states i mean does depend have to get this they've got zero what does it germany have they have nothing so they have nothing really to reduce the overnight negative razorback they have to to go. i get they can't do negative interest rates if they have physical test i'll just go and take all my hundreds out put them on with my mattress and you can say i get negative ten percent but i don't have a good ten percent because i have you know whatever x. number of dollars stuff the stuff in my house so they have to get the world used to living off of a digital currency and by the way there was a person nominee to the fed by mr trump called marvin goodfriend and what does marvin goodfriend love more than anything in the whole world because. besides

bitcoin negative nominal interest really look it up ok all right so there's the you know you're building a strong case here so so because it is just like the gateway drug is just opening up to it is fed going yeah ok now here's my mike might some of my riposte to some of this thought is that the i think that the creation of but going going all are back to two thousand and eight white paper which describes the introduction to it which mentions bank bank fraud problems in the banking system and problems in the central bank system it's always been a race against the failure of the current system the failure of the banking system in the failure of the money system the fractional reserve system the what you're talking about would require more organization that's possible in an environment of more failing banks in twenty eighteen i think we're going to see a big bank like do it your bank collapse or some big bank in the u.k. collapse because as you know and as i know you're they are technically dissolve in italy italy will collapse i mean italy is on the verge of collapse that will change

that chain reaction that sets off and the chaos that and says it will that it's not going to be ability to manage that any anyone reasonable way and i think that's why this push to bitcoin and i think bitcoin price the reason is so high is that it's discounting banking armageddon it's telegraphing his markets are discounting mechanism they're telling us that in very near future you're going to have another two thousand and eight banking catastrophe i agree with everything you just said here's my all my issue and i'm sure you have thoughts on this. the government really doesn't suffer. the money laundering flouting very readily and the know your customer rules they don't like people flouting those either and they really don't want to with alacrity give up control over the entire field of currency regime so why are they giving all this rope to cryptocurrency well because and the reason it is the reason is maxwells because they want to get the the

citizenry used to using a digital currency and they want to completely get rid of all of paper currencies and like i said this is going to this is coming out of it so i you know i think it is coming into gaza on the accomplishes that and then they ban all private yet the currencies for one public block chain that they completely control by the way when they do that they can track every single transaction so the underground economy goes away tax evaders go away and they'll do it under the guise of worrying about you know a m l n k y c n terrorists funding and they have all these subliminal reasons why this is going to be successful and well that well while the public is worrying about what the broad size of kim carr dashin they're going to be have to have no control left over their money they'll be no protection from inflation the purchasing power of their money can be destroyed at the will of the governments i

think you're giving too much credit to governments and if they wanted to co-opt because they could have during the early years using what's called a fifty one percent attack they could have an awful eyes mining with the resources of one or two governments combined they didn't because they was not on their radar they have no idea what this is and is completely outside of that they do know don't think but now it's beyond their reach the computational. robustness of the protocol is such that no country or group of countries or even a global effort could could co-opt or usurp the proto. called his point is beyond them which is why another reason why i keep going higher prices because it can't be attacked in that way second reason is that we have. an example here in zero of game theory game theory and if you follow game theory in the national librium in this idea where all of the interests of a given scenario are equally balanced the point were participants are motivated not to snitch on each other there's it's in won

a nobel prize i believe for justice on the movie ok so we've already seen that play out in bitcoin with the mining industry you know their chinese are very dominant mining now the japanese are in mining was in eastern europe or in mining because there's this huge game theory experiment going on where no one ends up having too much control because it's just sheer beauty and the power is distributed this game theory is going to jump to the nation states in other words it will become a strategic reserve for central banks and russia or china could be getting or japan mining bitcoin as a strategic reserve as they would buy gold in the face of a collapsing fee out currency that we're seeing all over the world we both agree that feels vulnerable we both know that central banks are buying gold we both know that because it is incredibly robust to becoming a multi choice dollar asset once central banks start to play the game through with each other in bitcoin because mining then that's another reason why you're not

going to have any one state come in and decide outlaw it and do this and do that because of the entire business which is going to flow to the territory that welcomes this new business so it's competition of the fittest survival of the fittest and no one country has a monopoly on this thing it's global and it's playing out globally you might be right but i think the i.m.f. together with the global central banks will shut it down to memphis bankrupt we know that they were completely bankrupt before they tried to before they interfere with the greece with the troika the e.c.b. and the you and the e.c. and b. . for then they were about to close up shop and go away because they were there bankrupt they then got a bunch of banks the result of them christine legarde going against your own currency the s.d.r. the special drawing rights yeah special drawing rights it is anchor of the exact same defense bankrupt yeah but they are a solvent another of your most leverage bank in the history of banks backed by nothing but who should i be your take i'm going to say that that's the roll up all the global that into a global special drawing right to bail out all the banks again yes but it's another fee out currency that's going to drive more capital into gold and more capital into

because i mean that there were as big as a response to the f.d.r. the f.d.r. just another fiasco r.c.s. can't bail out a fee our currency with another fee our currency and you know what you know what banks you know who really gets hurt is the middle class was flushed down while there's millions and millions of million right now no more accountability because it's big coin but because the inflationary policies are going to be. inflicted on the american public and the european public and japan japanese public and the you know the p.b. o.c. is out there right now trying to keep the ponzi scheme as david stockman calls it the red ponzi scheme afloat right let's say something all these things are going to collapse probably in two thousand and eighteen because we have an inverted yield curve probably by october of two thousand and eight teams playing briefly but they're still in the short end of the yield curve interest rates are higher than the long and the old her right now we have fifty three basis points between the two year and the ten year note that's going to invert now we have the cost credit to seize up of course wolf i'm a bank and i have to pay the positive more than

a loan why am i going make any more loans i don't want our deposit alive or went up a lot you know in the credit crisis of two thousand so ready to a credit crisis how they got absolutely no i didn't know it with no ammo other things i mentioned before helicopter money universe of ways you can come and negative interest rate policies made possible by these universal because the fed coiner and i.m.f. according to them are they going to now there's three billion people on earth with an internet connection and now it's easy as easy to go to an app on your smartphone and you've got whatever of the hundred fifty currencies in. out there in the world actively traded and you can put five bucks into a crypt a coin that's going up in value and that your buying power just went up in a world where they're printing hundreds of trillions of dollars to bail out the worst financial scum a terrorist that ever walked the face of the earth the bernanke is the janet yellen is the lloyd blankfein jamie diamond the guys who make some a big lawn look like mother teresa people react to that and they react physically in this severus lee and they want to escape the matrix of the fia world how you can

poor you this how much good do you own. how many you want to give me for christmas that is how much how good oh and how do you allow yourself to be exposed to the ravages of fear and i just found i still believe one of the best things about probably currency offer is the ability to move money around the world digitally yeah well guess what there are companies like gold money which i own that has a private blog chain that allows me to own gold and monetize it instantly and that's where i'm putting my hope and they also now offer but my point they offered that with a offer going now you kill cold storage though that's right they'll engrave your and why are they doing that it's silly i don't know why because the market for gold is dead nobody is buying gold anymore you can't give it away except for sheikhs who want twenty four karat gold toilet bowls actually nobody wants a frickin gold barnum or when you don't have it well that is that's it and that is it is very said what about this michael plant yes or do you describe to the theory

that the features gold price is in part responsible for the difficulty gold is having in the physical market to achieve paper gold prices you know a paper gold artificial paper gold yeah i do believe that a yes i do people people getting rid of you know millions and millions of dollars of gold within five seconds putting in a market order right you know when when there's new when there's no market around ok you know that does that in the jet it is accorded basis now do they do that to hit the price to go now forced to do so. so you have more elegantly maybe like the price you wanted to sell a large chunk of gold millions of ounces would you sell it when there was no liquidity in the middle of the night all at once you the market order clear indication of manipulation yes but but but let me play this minute delay she goes both ways yes but but but we haven't seen him go but tell me ask you this if big point in distant to mediate all the banks and all the wall street machinery is it

then clearing a path for the price of gold to go higher. since i think ok so i finally agree with him on. yes absolutely ok there you go michael finds out lowe's pick going i have got that. they think they take the words out of one. well we got to go sadly just and things are heating up to come to new jersey next time on what is it please . all right that's it for this edition of the kaiser report with me max kaiser and stacy herbert like to thank our guest michael pentode penta of court actually you should go there and look at his work he puts out a research that's extremely interesting even though it doesn't cover because it has low dollar does it does it to us and not favorably. twitter you know on twitter kaiser report you can follow us there until next time.

local blogs sell you on the idea that dropping bombs brings peace to the chicken hawks forcing you to fight the battles they're going. to stop to try to tell you that so be gossip a template file for the support. of the bad guys and tell me you are not cool enough to buy their product. all the hawks that we along with our audience will watch. here's what people have been saying about rejected a knighthood to us exactly just pull along awesome the only show i go out of my way to run gently what it is that really packs a punch oh yeah it is the john oliver of party americans do the same we are apparently better than the blue nothings bad seed people you've never heard of love redacted the night i'm president of the world bank so take. me seriously

send us an e-mail. the u.n. seeks saddam urgency u.n. security council meeting on the ongoing protests in a round table round make uses its rivals of stoking the on the rest. also just these are wiki leaks accuses the new york times of giving u.s. officials advanced on damage control time over diplomatic revelations alleges the media giant colluded with the rich. german m. is under investigation after a twitter post of hers is blamed for inciting teen muslim.