we discuss the issue with politics professor sayed mohammad marandi and professor in international relations and middle east politics dr afshin shyte what we see at the moment we see a historic drift between the united states. and the e.u. we never ever seen such a gap such distance between the e.u. and the u.s. at least over the last thirty or forty years so what happened today in brussels was really interesting effectively every important player in the e.u. defied the verdicts of president trump i don't think any problem in particular with a deal because i'm not even sure he's ever read the deal but one thing is clear and trump has a problem with anything that obama has done before him and we've seen that when it came to the paracel core on global warming health care or or obamacare

anything that obama has. considered to be a part of obama's legacy is something that trump wants to demolish. because its value has plunged thirteen and a half percent after south korean officials said they're planning to crypto currency trading there are great concerns regarding virtual currencies and the justice ministry is basically preparing a bill to ban crypto currency trading through exchanges other fallen bitcoin means it's dropped to its lowest level since the new year the highest value so far this year was reached on the seventh of january when it hit seventeen thousand dollars we spoke to economics professor at kingston university steve he thinks but corn was only created for speculators. it's perfectly designed for speculation it's very very badly designed for money now once people can see speculation to lead to down as well as up then all this left as it's used as

a form of money and i don't believe it has that capability so i think the the downside is a damn sight larger than the upside their actual a concept of having a a an algorithm replacing having a trust that the body for transactions can work if the transactions can occur at the speed we need which is something of the order of you know one hundred thousand old mole transactions per second so i know there are some crypto currencies that are working in that direction there are even block china technologies that don't use a crypto currency they use existing currencies that enable you make the transactions through the algorithm rather than through a banking system so one of those more than one more law is going to survive but i don't think that coin is going to be the one that does so for myself on our team for the sol you can check out more well stories of course on a website. want to check out all social media as well will be back at midnight most good time for the latest updates.

funny appropriate nose hair clipper remember the south of france through customs they stole deal oh well they were the kaiser report i'm max kaiser today we're going to be covering some interesting things. well max in the second half we have a special with jim rickards we were in new york in december as you remember during christmas we had an interview with him but we did a little extra so before i talk about bitcoin because i know that might trigger him we're going to talk a little bit about gold just to remind everybody just briefly that i've gone long gold for twenty eighteen and believe we're going to see a few good years it's been very boring for the past four years where it's been

trading in a tedious range especially if you're a big coin investor at which has been parabolic and exciting so just seeing now i've gone long gold and gold miners and so far they're doing pretty well so that's fantastic that is you know i think you're going to be up really nicely versus the price of let's say oh i copper or so industrial metal or maybe you know christmas trees in crypto terms it'll be like you're dead but you know in other terms it'll be exciting well yes because it encrypts of currencies are exciting but the other thing that i think is happening is not only will the tax cuts they will benefit us but they will not benefits of the budget deficit and the national debt also you have the fact that. but you know the stock

market's going to to twenty eighteen at some of the most overvalued numbers in the history of stock markets so i reckon that obviously markets can remain more rational than anybody could remain solvent short betting against it but i think should there be a spectacular bust i think even with you know even though the fed has raised interest rates a little tiny bit i think there's there's little that's going to be available to combat the crash that does come if it does come in twenty eighteen or twenty nineteen and i think therefore it's probably quite wise to home called that's my opinion that's why a couple of mornings or so i've picked up on was the debt you mentioned debt is rising and gold tends to him track the rise of debt you know it hasn't the last few years has been stuck in kind of a bearish trend those compared to some other stuff but if it catches up to the debt chart you know if you overlay those two you know you could easily get

a twenty four twenty five hundred on gold and that would bring it back to kind of a normalized price action versus the amount of debt in the system i agree with you there so that's like a almost one hundred percent move from here and of course silver being it's crazy uncle would mean you know so over a fifty sixty seventy dollars an ounce you know that would be a big bang for the silver box for sure and i'm not in any doubt about that now speaking of sort of the debt economy's overloaded with debt you had the bubble of japan from one thousand nine hundred eighty seven eighty eight when it started to crash eighty nine eighty nine of those ok being tracked. and so it's still you know what the stock market there are still twenty five percent below that peak in one nine hundred eighty nine so however it's you know is that with three decades law the last decades. they're looking forward to possibly coin actually finally boosting g.d.p. their big queen could boost japan's g.d.p.

no more analysts say japan's bitcoin craze could help the country's economic growth research analysts at no more instinet said we estimate the wealth effect from unrealized gains on big queen trading by japanese investors since the start of twenty seventeen and estimate a potential boost to consumer spending of between twenty three point two billion yen and ninety six billion yen which is about two hundred six million to eight hundred fifty five million i think that's you know it's something my point three point three percentage points they would add to g.d.p. we were the japanese are some of the biggest four extreme years in the world well this is an amazing story because they were saying real geo political impact a bit going on a g. twenty country g seven country japan actually the spending power that comes with the rise of big going in the millions of people who are buying it in japan the multi billion dollars that they've appreciated in value is causing a genuine effect in their economy and this is going to be the year twenty eighteen

or a big going to cryptocurrency to have this geo political influence you've got the central bank of ghana who is allegedly we're going to get more information rumor on twitter might not be real going to and we're digging into this i'm reaching out to my contacts and gonna get some people on the show to talk about this but they're adding to their central bank only for a fact we know that old area has three billion dollars worth of bitcoin right and that's because they have some bad guys there are a lot of the you know the online hackers and you know scam artists that sort of nigerian prince scam artists a lot of it goes through there the people of venezuela have been you know using record as a savior as a lifeline because they're currently one of the hyperinflationary collapse so there's four countries right there that are still in some process of getting more involved on a geo political level into bitcoin and of course they're going to be buying that for. there are central banks and the sovereign wealth funds we buying it as well plus search funds and you know you get to twenty eight thousand and twenty eighteen as a reasonable price target pretty quickly so i mean these could be issues that basically

negate my bet on gold because i'm betting that the stock markets will crash if the economy starts booming especially in japan which has been dead for so long you know it could it could be a change my thesis but right now i feel like it will crash and here's some data so . going into the first quarter of twenty eighteen moreover the fact that the rise in prices was concentrated in twenty seventeen q four could result in the wealth effect materializing in twenty eighteen q one in the first quarter of twenty teen and if that is the case we estimate a potential boost to real g.d.p. growth on an annualized quarter on quarter basis of up to about point three percentage points and on top of that i want to say the fourth quarter of of the u.s. g.d.p. i think december is going to show a real shocking amount of spending on durable goods and. investment

by companies cap ex i know for a fact that i did that because once the you know they are the tax cuts came in at the end of december you know your write offs your deductibles like are way higher for a twenty seventeen if so if you could jam in as much cap ex and twenty seventeen years you're going to be able to write off far more of it than you are in twenty eighteen so i know i bought are a lot of equipment computers and stuff that we need for the kaiser report and our other productions so i think we're going to have a surprise. and how much further this market rally might be able to go oh well that's an interesting analysis you know to further look at the price of gold action and what am i doing twenty eighteen i've been saying for a while that the bitcoin is ation hyper because it is ation of the global economy will put a dent in the machinery on wall street to suppress the price of gold as we've seen

them do for a number of years and that will free up a path for gold to move higher as well and no more their analysis shows that the japanese hold three point seven million bitcoin which would equate to about twenty eight point five billion dollars at the exchange rate day at that moment that they did this analysis sure well it's sound money and it's money that is pushing out all the junk money all the money the field money world is collapsing the u.s. dollar is in a hyperinflationary collapse against big going and money is headed today you know they tried it in nine hundred seventy one they went off the gold standard effectively and we went into a period that's never been tried before of every single currency in the world referencing each other with no buttress or without any balance without any reference commodity to give that any kind of reasonable foundation and fail so the other times i see for twenty eighteen is the. real bitcoin companies coming to the market and the exposure of these kind of fake hysteria

a lot of people there there is kind of a dot com like crazy around it going people have no understand and they're just throwing money at all sorts of stuff all sorts junk that they have no idea what it is one of them is c.e.o. of soaring block chain stock sells about eight hundred seventy thousand dollars worth of the shares the head of a small biotech company turned krypto has made hundreds of thousands of dollars in stock sales already john or president c.e.o. and chairman of riaa block chain disclosed in a filing with a us securities and exchange commission that he sold thirty thousand three hundred eighty three shares at a weighted average price of twenty eight dollars and sixty one cents remember the stock of this company called riot blog chain it used to be a biotech company they soared by six hundred percent once they change their name to block chain and their their nasdaq stock symbol to riot from like bio p. . but the fact is that this company right lists three block chain investments on

its website a canadian digital currency exchange called coin square a crypto currency accounting firm called verity and test pay which is planning to apply blocks technology to telecom payments so not very big companies in the space and the value of his company is at two hundred seventy million and in december just because he changed his name to block chain to talk about hooters you could talk about hooters yeah that's a company here in the united states which is as the name suggests it's like a rush it was a restaurant chain it kind of went out of favor because of all this whole hash tag me too and when was rice becoming a little bit more prominent and hooters was a chain where you go in large breasted women serve you bigger food yes that's the concept of food hers and one of the companies that owns a lot of hooters restaurants that's publicly listed introduced a crypto. see. yeah they announced it would start they would have their own crypto or right crypto or something and the stock skyrocketed based on based on the on

a lot of you know what happened was the stock kind of went you know reacted a lot of way many react when they go to hooters yes well i think those sort of things it shows that there's a demand for some sort of investment part of the problem is that there is the i.c.a.o. so a lot of the big names the sort of cryptographers and engineers and anybody who could devise a real crypto currency air real block chain you know there's no real incentive for them to go to the public markets they just would rather do and i.c.a.o. because they don't have to give up equity then in a way so i think this is the problem is that for any ordinary investor who doesn't know the world of crypto know how to get an ether wallet and get these tokens they go to the stock market looking for anything and all you have to do is change a name to blotching and a lot of people can get scammed that way because those are not going to harken back to the dot com era where big companies put a dot com in their name and the valuations went up dramatically that's true there

seems to be a lot of this plagiarism going on where you just say all the block chain oh i'm script oh and you have an immediate response in the marketplace and i mean are we talking a lot about gold because in the second half we got jim records in this kind of a sympathy chat about gold just to make jim's calls of no gold out i'm talking my book it's called talking my voter talk of your book so your book era gold person and silver i would imagine well i actually over the christmas break i spoke to about two i heard of two different. whales who were going along gold as well i think really yeah so i think this is a kind of ok that's fascinating well we got to take a break when we come back as jim rickards don't go away much more coming your way so stay right here at the car is a report on our.