every steps back and looks at the big picture of all the headlines added up of course across the days and weeks and months the sound and the fear signifying nothing so with that i want to look at what i think are going to be some of the big themes in twenty nineteen some of them are a continuation on things that happened in two thousand and eighteen so for me i felt like the biggest story of twenty eighteen was also the most overlooked story of twenty eighteen and that's when germany actually or some german officials said that they were going to start looking at and building an alternative to swift which is the global financial payments network which is based out of belgium but in fact the united states is the boss of it all so the united states therefore can't pull any entire nation or individual banks or you know they could pull anybody off

the financial grid they you can they can basically memory hole you d. platform an entire nation from the financial grid and i think in twenty one thousand we're going to see the repercussions of that the u.s. dollar germany. facilitated swift which is the global interbank payment system and as you point out they can do platform people to comply sanctions to people and if you have a market like oil or any commodity in the world it trades in dollars and to participate in those markets you need to buy dollars first and those dollars go centrally through new york and they go through swift and so to apply sanctions to a country that's not stepping in law and with you. you know they can simply do platform them faster than you can say you know julian assange and that's not going to be the story going forward as germany and other countries in europe and elsewhere decided no we're going to. in

a competitor and we're going to open this market up i don't know why you're talking like that through the stream but what i'm going to say is that i think you're going to see an excel aeration of d. platforming you're going to see an acceleration of d. platforming of voices in the political space on twitter you're going to see the acceleration of de platforming from the financial grid whether it's via swift or pay pal or visa and master card you're going to see an acceleration of that as. people start to build the alternatives because once we use the power to de platform people whether it was on twitter very few people or every day platforms until this past year swift the same thing very few nations where everybody platforms and until it's starting to accelerate and then germany in particular one of the most powerful financial forces on earth as a nation economic powers they got harmed by the us rolling back sanctions reinstalling sanctions on iran so once we start to develop

the alternatives the powers that are behind those platforms will start to accelerate it before you know as they know they're losing power and control right well you know we've had a period where the objective of corporations would be world domination through scaling and that meant taking advantage of the global telephony markets the global financial markets or capital markets the globalized banking system with the i.m.f. and the world bank but since twenty sixteen in the election trump it's about fracturing that model it's about digg lobel ization and de dollars ation and we're going to find regional powers emerge to take on the u.s. now that could result in conflict because since world war two and the beginning of the bretton woods system in the us dollars will reserve currency without a relatively let's say peaceful period in terms of the big

countries going to war with each other we have many smaller conflicts but we haven't had a world war but this could be a precursor to some might say to a world war how that world war would play out you know there's a quote that i often think about world war one it started horses and ended with airplanes you know and world war two started with airplanes in it with atomic weapons you know world war three wars it started starts were. who knows but it's going to and i think albert einstein said if they use atomic weapons you know those how world war four will will will be played out and that's what sticks and stones at the end yes in fact we're in the next episode of this week of you know new year special we're going to talk about geo economics and politics so that's something we'll come back to in the next episode but in terms of international payment system we're talking about swift's a replacement so that begins the end of the u.s.

dollar hedge money big queen also emerged in two thousand and nine and that is starting to take hold and get bigger despite the park price crash the prices are down and in the second half we do interview or guess who predicts it will even go down to one thousand dollars but there is also some good news in the second half but in terms of where bitcoin is going you and i have been involved with this space since two thousand and eleven we've seen it crash ninety four percent in two thousand and eleven it crashed something like ninety one to eighty to ninety one percent in two thousand and thirteen fourteen fifteen so we've seen a few of these crashes what i do know from experience and not necessarily does the you know the future ever you know does the past tell you what's going to happen in the future but in the past during these previous crashes a lot of building took place during that time companies were built robust companies were built they were no longer distracted engineers are not distracted by you know

price increases of ten twenty thirty percent a week well the three prices are numbers that you should associate with because there's price then there's hash right then there's the difficulty adjustment those are the three numbers i kind of control the protocol a lot of ways and price is the least significant of those three hash rate and difficulty adjustment are also part of the protocol the one number that is never changing never varies is that every ten minutes new. coins are created that emission schedule of coins coming on every ten minutes makes bitcoin the central bank of the world with the rock solid ist monetary policy that there there is in the world and that's why when safe dana moves right to books like the big coin standard the decentralization of central banks he's talking about because in computerless central banks and the way it does compete with such a banks is that it has the hardest money ever created in an image of those coins every ten minutes and the way that that stays every ten minutes is by these other

variables have to accommodate the price the hash rate the difficulty rating are our variables in a common a and that's that's the thing that's moving but this never has the ten minute emission right and that's more and more as we head into this fractured world and this de globalized dollar rise world reserve currency will be sought and it will invariably turn to because yes i think it's a great rapid settlement system for global trade obviously gold is not rapid it takes a lot of money to transfer a lot of energy to transfer gold bars around the world now the other thing that i think we'll see this year i believe we might see it by the end of twenty one thousand as a major stock market crash as you know the fed continues over the fed has tried or continues to try to taper a ponzi and i think we'll see more unique fed and central bank experiments

we saw a lot of experiments after two thousand and eight two thousand and nine which by the way disrupted all sorts of protections experts made because they never saw the negative rate ok they never thought that was even possible in monetary history and yet interest rates went negative so i think we'll see crazy stuff like that i can't even imagine what sort of stuff they're cooking up nearby here in the in the basement of the new york fed but i'm sure they're concocting some crazy stuff. happen to us including balan's i think and i think that will drive adoption of bitcoin just like it did in cyprus and just like you know crazy crazy economics is done in venezuela and places like the bell and so the money will simply be confiscated secondarily i would look to the swiss national bank and see what they've done recently and that would be applied to such a banks all over the world they actually buy stocks so warren buffett who's a billionaire who's very friendly with wall street encouraged merica to bail him

out and all of his banking buddies in two thousand and eight if in fact his net worth is threatened he couldn't encourage the central banks to buy berkshire hathaway stock in the open market all the component parts of berkshire hathaway stock so that warren would never have to have a down day i believe you're right about that but the swiss national bank is a tiny central bank i think they inspired the bank of japan to also try that the bank of japan is but by and buying up e.t.f. . but when the u.s. federal reserve and the e.c.b. start doing at. you're going to have hyper inflation and the stock market something like we haven't seen for you know hundred years i think twenty nineteen will see that it's corporate debt to twenty nineteen is what subprime debt was to two thousand and eight because i think you're going to see that edifice collapse and there's a whole bunch of c.l.o. collateralized loan obligations there's a lot of borrowing in the corporate sector most of it was to take the stock markets

private and pay themselves huge fees and salaries and stock options via stock buybacks but i think basically the entire edifice will collapse the stock market because of all these that the corporate debt what we've seen one of these before with a corporate debt collapse in one thousand nine hundred seven after the mike milken in jackson introduced all junk bond phenomena and that topped out and all the corporate debt you know collapsed along with the algorithmic kind of dysfunction between chicago and new york and they had a computer generated crash but we know that looks like and it is swift and it is powerful and it can drop quickly twenty two percent in a day as was the case on october ninth two thousand and seven well i think you're going to see the end of the that whole facade and all the stock buybacks because i think debt will no longer be easy to generate they've been borrowing for zero percent buying back the shares popping up the share price taken that companies

private i think twenty nine thousand will be the end of that but it will be a end of a lot more us as well so i think we'll see that that come apart sounds all very fantastically interesting well we're going to take a break and when we come back much more coming your way on this new year's day january one twenty nineteen that's it don't go away. it's hard to imagine decades after the war a nazi don't it was still active and rich in the nineteen seventies croteau had as the cheer of its bowed a man convicted of mass murder and slavery ash was a german company going until it develops a new to mind a drug that was promoted as completely safe even during pregnancy it turned out to have terrible side effects what has happened to my baby if anything fell you know

she said is just. mimics a little mind victims i have to this day received no compensation they never apologized for the suffering that not only want the money i want the revenge. you know world of big partners through a lot of things and conspiracy it's time to wake up to dig deeper to hit the stories that made stream media refuses to tell more than ever we need to be smarter we need to stop slamming the door. and shouting past each other it's time for critical thinking it's time to fight for the middle for the truth the time is now for watching closely watching the hawks. nobody could see coming that false confessions would be that in this spot the way

shape or form for conviction. had any interrogation out there what you'll see is threat promise threat promise threat lie a lie a lie the process of interrogation is designed to put people in just that frame of mind make the most comfortable make them want to get out and don't take no for an answer don't accept their denials she said therefore would. send a statement that i would be home by that time the next day there's a culture on accountability and police officers in the. that they could engage in misconduct that has nothing to do with all their crimes.

welcome back this is the kaiser report jan one twenty nineteen new year special going to get this some predictions from guest starting off with a bit of a downer with tyler janks but don't worry it gets better from there let's go to see what time the rest to say tyler janks from hyper wave time for predictions twenty nineteen gave me some numbers give me some thoughts bonds bonds are going lower in terms of price and higher in terms of you stocks stocks are going higher depending on politics but coin bitcoin unfortunately is going lower if it has not yet hit the one thousand mark i'm afraid that's where it's headed brix it breck's it is a disaster and there's no way out of gold gold prices are going lower. how much lower i believe we could see six hundred dollars on gold watch because the dollar is going up and gold and silver have been moving inversely to the dollar

how high can the dollar go it's on you know on that dollar index as almost often quoted where he's right on the charts we're in the mid range of the dollar over the last thirty years it can go a lot higher what kind of problems that bring for other countries or trade or whatever happened in one thousand and what problems as appropriate crushes all the other currencies and that causes tremendous inflationary pressure what is the trend for russia and china accumulating more gold going to continue it will for the last seven years the three of them have been buying more gold than anyone in the world but they still don't have as much as a number of very unusual countries like france and of course the united states let me ask you this if i see a plane a fly on a flew and said the flight of the flay let's fly and then the flies out of the play let's play and they both flew through the flu what would you say i would say she was one who when would find a fleet or

a fly flowed in her lemonade would continue to drink and swallow. thank you very welcome time now to turn to rise of iraq of minae and gold money roy let's get right into it gold investors have not had much love for gold price in the last five years but of a sideway movement any good news for gold in twenty nineteen yeah i think so i think if it becomes apparent to the market participants that interest rates are no longer going to rise in the u.s. then you'll see a lot of u.s. dollar weakness and that u.s. dollar weakness will get manifest in the gold price i think this week real interest rates turn flat or negative once again because a lot of the longer dated bonds began to collapse or you'll begin to collapse this week so another guest we've had tyler janks believes gold will head back down to one thousand and twenty nineteen what sort of economic event would need to happen for gold to get down to those levels like what is what could happen why soon he's

talking about us dollar price for gas so if for that to happen i would say interest rates would have to rise by another fifty basis points so if the fed raises interest rates to three point five percent next year and twenty nineteen which would in my opinion be a very low probability at this stage then yeah gold could certainly drop to one thousand and fifty so in twenty eighteen we saw the first shift away from swift global payments system from even germany what impact will this have on the u.s. dollar twenty nineteen and beyond and what about gold any changes in that market place becoming more of a strategic asset there's rumors that gold will be is more and by china they've got a new gold backed foil features contracted cetera. nineteen along those lines yes so recently i was asked by someone does anyone still use gold in transactions and i and i told the interviewer it was actually mark zuckerberg sister i was on her show

and she said i said you know i've never seen that mean with neo and morpheus were knew was like whoa you know let me give you know you every day in one vault in london. the l b a may just publish the numbers it's tens of billions of dollars get traded in one vault so i think people transacting gold all the time it's just unofficial but governments and central banks are exchanging gold all the time the trend will surely continue as the us dollars share of global reserves and global transactions declines which is a natural state for the united states considering it's in deteriorating financial health as evidenced by the twin deficits the budget in the trade deficit by people say oh you know we're not on the gold standard but yet the central banks deal in gold all the time they're on a gold standard and that's the only reserve they have that sexually i was at a conference recently actually i'd like to tell the story because it's a little a little unacceptable i was at a conference and someone from the bank of canada came up and said i run the gold bullion department at the bank of canada and i said you know i'm

a gold nerd i didn't know you had a gold bullion department as well it's a secret and i said well who holds gold there and he said a lot of governments a lot of central banks and governments i said well ok i'm on the web site show me where i can find this line item he says well we don't disclose it and i said so so canadian taxpayers pay you a salary and you're you know. by the canadian taxpayer but yet you're you don't disclose to us what you're doing in that vault for you know for whom and he just kind of shrugged it off as being a totally acceptable policy and walked away and i think that's sort of the problem we still have in the gold sector is there's a lot of secrecy involved when i first got into the industry i didn't believe it i thought it was a lot of tinfoil hat conspiracy theories but i've i've now experienced it i mean national interests in super national interest central banks they use gold all the time they'll continue to use gold as and do with economics has to do with physics

of course canada officially sold all their gold as a government of canada has no belt then i mention that to him what and why. other countries have been accumulating gold china russia for example is there going to be a point where that becomes a big factor so i don't believe that demand and supply of gold are what cause the price to change you know i've talked about this extensively it's a money stock so there is a lot of supply but i do believe that one day we will wake up just as we did in one nine hundred seventy one or nine hundred seventy three or nine hundred thirty four and we will find that gold has been remodeled tied somewhere by some country and how that will affect the free market prices for gold is unpredictable but it is predictable to postulate that that rate of change will be to the upside in other words there's very rarely information that enters the market which causes you to wake up in the morning and say i think the gold price would collapse today you know what it would really have to do with an incredible cycle of monetary tightening you

know or some asteroid that landed which has never happened at any any point in time but there are so many things that could cause you to wake up in the morning and say oh no i think i need more gold or owner i think the price of gold is mispriced to the upside and that's what you find you find the skew is generally to the upside right but we have historically at times when the economy is completely out of balance they policymakers come together they say well what is going to price everything based on gold as they did in brentwood after world war two and that was the only thing actually they could do to kind of rebalance the global economy u.s. dollar became world reserve currency at that time backed by gold and where it seems that as though the global economy the currency markets are grossly out of balance at this time that a state of equilibrium is shattered if you got debt forty percent of g.d.p. debt to g.d.p. in the world as debt is out of control so if there was a rebalancing of let's say gold i fear to reman ties call to try to reprice the

debt to kind of restart the global economy again from scratch and where would that put. that that upward that upward move in gold would put it at what level we've had other economists predict the number i don't enjoy entering those thought experiments because in my opinion debt isn't a real thing it should just be forgiven so debt can be forgiven all prior conceptions of wealth or illusory whoever is rich today doesn't have to be rich tomorrow you know we've seen this happen before in latin america we've seen it happen in the french revolutions if there's going to be a real revolution it's going to be all about what you're doing for me tomorrow not what you did for me in the past so gold can be used to reorient savings and the economy in purchasing power back to a fair wage a living wage for there would be massive price deflation but i don't really care about prior debts that's the that's the really that's the creditors problem and that's you feeling. so all right right so much back so much thank you for having me again. max kaiser i met you didn't think you'd be in the second half as well

fantastic i feel honored well i have to ask you about a prediction not later in the year but in two days from now january third you trace mayer and some anonymous guy on reddit basically are being credited with this proof of cheese day that is coming january third what is this about. well this actually kind of came out of a podcast with face mayor in cave along the podcast maybe six months ago talking about wall street getting into the crypto game and getting into the bitcoin game and when they bring their bag of tricks which include the cation a naked short sales in other ways and wall street controls the price of any commodity or security and this is a concern for the crypto community because we want the price to trade freely based on supply and demand not wall street tricks to keep maybe keep the price cheap to

appease the likes of a jamie diamond for example so this concept of the you know taking your kidneys off the exchange or you coins are your keys you take the private keys delivery of your private king is so traced mayer has set up this web site is proof of keys dot com so if you go there and you register you find out how to do this how to basically prove you own the keys he's basically calling for people to take their bitcoins off of an exchange because you do not own that private key if it's on an exchange you don't own it they own it so he's watching to see if on january third which is the genesis block anniversary that's when the first ever bitcoin was mined on january third chances are on brink of second bailout for banks that happen january third and if everybody pulls off their coins from the exchanges and puts it on their trays or the paper wallet or some other hard wallet that he's expecting some in. packed to explain what happens there so in the case of these wall street games that

we just talked about here where there are three up on the cation the idea of lending out the same thing over and over and over and over again he still have the base security that you're lending against in the case it might be a bond or might be gold for example you see this all the time but now if you remove that base security in this case the bitcoin itself and you take delivery of your private key you're removing like you're pulling the rug out from underneath this mountain of derivatives and so that mound of dirt evidence would collapse and they would do so in a way that wall street won't be able to handle because it takes them a long time to recover from something like that because the way that securities are delivered and the way that securities are priced and the way the securities go through the wall street machine so it's so it get weaponize is the big community in a way to do battle with wall street and i've said all along that there would be a battle coming between big coin and the globalist and the wall street crowd and

chase mayer and table along and myself we know that this is an effective fight in a way to fight it and of course there are new futures contracts coming out deliberate in bitcoin which is them backed be a k k t coming out this month so proof of keys dot com if you have proof of keys you're warning you're putting notice to wall street saying you better be careful about any tricks that you hope to do with this right we try to do something across j.p. morgan buy so over the take delivery of silver similar trash j.p. morgan but the problem is that people don't take delivery they take cash but you can do crash j.p. morgan crash wall street by taking delivery of your private key well i think you should do the exit because you're the star right and that's that's it for this first episode of our special year end up as of the kaiser report may max kaiser as they say are wishing you a happy crypto new year generates on twitter it's kaiser report.

she doesn't. make. it the.

superman film we can see has nothing to do by the fact. that you're in the home of the media. i'm with you more. with the baby one with a number on those notes and the money also going to go my way. i will start to feel . i've been saying the numbers mean something they matter the us has over one trillion dollars in debt more than ten point zero or aren't happy each day. eighty five percent of global wealth if you want to be old bridge eight point six percent market saw thirty percent rise last year some with one hundred to five hundred three per second per second and it going rose to twenty thousand dollars. china's

building two point one billion dollar a.r.u. industrial plant but don't let the numbers overwhelm. the only numbers you need to remember is what one does not show you know forward to miss the one and only. their brains for a single purpose. they have a superman. they start training very young. eight months of intensive school. rats. and they save lives.

was right was. the baby boy is rescued from the collapse apartment block in the russian city of magnitogorsk after spending nearly thirty four hours in the rubble. as stepping at u.k. rail station and a vehicle attack in germany being considered as tabulated by local authorities various incidents left several people wounded. the french president takes a swipe at extreme elements among anti government demonstrators in his new year's eve address. the world spectacular welcome for twenty nineteen revelers have been ushering in the new year and we've got some of the highlights.