we're now getting ready to pay some attention to latin america i mean it could be because of china you know china has been doing a lot a lot of deals no questions asked they just want trade remember this is what the founding fathers had always said is like trade with all nations for entangling alliances with none that's the way china does their whole trade deal policies but is the global economy going to tumble this is the question that everybody's been asking because the real part of the global economy is china because that's where everything is made and here's a tweet china imports crashing cap econ china doesn't rule out rule out a sharper than anticipated slowdown in china's economy total imports down eight percent year on year and u.s. dollar terms it's looking like they're importing less it could be they're making more of course china is very opaque in terms of can't see what's in there no i think the word on the street is that the china economy is imploding you know our

sources that have been there for years scattered out quickly once it became obvious that this huge credit bubble was imploding and so this is going to be an interesting situation because the. population there is going to be faced with a situation where they had capitalism on the way up but totalitarianism on the way down and they might not might not work for them but of course remember over the last twenty years while we've been focused on the middle east and fighting al qaeda and isis what did we as a nation do we said well al qaeda and isis chop off people's heads they kill family members of people they don't like all these horrible stuff they do so we have to start doing that we have to start torturing and we have to give up our principles and we have to start doing that so if if we see now china as our primary in a competitor do we start doing this of like we need social credit score is we need to. start having forced consumption by our citizens that's the only way for us to

compete i think that's correct and we already see evidence of that in terms of the social credit score you know kind of came about in its origin in the u.s. the way that moody's and s. and p. scores credit and therefore that adjust interest rates accordingly and you have the influence of the economy so china just adopted that to the individual based on their social media interaction and they can have access to transportation or not that is becoming more of a factor now that the economy is contracting so in the u.s. now that the economy is also contracting you could say the u.s. in order to guarantee obeyance by the population will engage in soft totalitarianism and that's clearly on the march and the population is ready for it you know they wear those hats to say obey they're getting ready for they're getting ready to be controlled i want to turn to a tweet here from neera tanden and she is the president of the center for american

progress this is basically a democratic party sort of think tank and the centrist democratic party and it appears they prefer a one party state similar to what china has that you don't you could mean oh you only could have a fake faute we don't want real competition we don't want political ideas actually have to be debated and proven and like persuade the voter to vote for your policies because well neera tanden and her think tank which is financed by the way by several absolute monarchies including cutter u.a.e. saudi arabia so they're there apparently these absolute monarchies are very concerned about us having some progress and democracy here but then of the projects that help destroy democracy are disgusting if he enters the race howard schultz i will start a starbucks. boycott because i'm not giving

a penny that well end up in the election coffers of a guy who will help tom when she was responding to a tweet from isaac devor a who says news former starbucks c.e.o. howard schultz says in a sixty minutes interview airing tomorrow that he's getting close to a self funded independent presidential run which is freaking out democrats who think he'll deliver the election to trump right well when you have a population that is beholden to the consumer companies and the food companies is very difficulty of actually to engage in a black starbucks is at the moment independent they will probably be own by one of the five or six major food companies in the world like a nestle's are one of the other majors and the point being that you cannot escape the matrix of consumer driven algorithmically driven behavioral economics driven consumption that is tied to your credit score and tied to your own individual because delos and fallibilities that are exploited by the to tell tarion is a most social media you are a slave you are

a prisoner to say you're going to boycott starbucks of does billionaire gets into the race is like saying something akin to i've got towed jam and dandruff and. it's complete non sequitur nobody cares you're a moron please go away but the democrats hate democracy more than the other one party allowed in this country because how much did they hate who's that consumer affairs guy ralph nader ralph nader how much do they hate ralph nader how much do they hate jill stein they're obsessed with jill stein they hate bernie sanders and they call all those women who like bernie sanders they call all those african americans who disproportionately favor bernie sanders as a candidate for two thousand and twenty they call them bernie bros they dismiss them as bernie bros they try to dehumanised them they hate that so much because their preferred. word corporate candidates the ones that lockheed martin and

raytheon will get behind when they go on to m s n b c because remember lockheed martin and raytheon finance m s m b c they want a candidate like hillary clinton who when we invaded and then basically publicly raped khadafi in libya and now we have open air prisons their member hillary clinton laughed maniacally and said we came we saw he died cackle cackle cackle kemal at harrah's who neera tanden favors she was a prosecutor in san francisco we now have video emerging of her equally cackling with delight that she used her powers with her bad she talked about her bad and she went after these poor families mostly african-americans because if their child was truant she gave them her their parents who are probably working two or three or four jobs and order to afford obama care and housing in this country and she went

after them gave them a criminal record and she thought that was a brilliant she was like loving it and lynn like you know cackling at her power to destroy people's lives but this is what you know champagne liberalism ok because it's easy to boycott a starbucks relative to boycotting a tomahawk missile right boycotting tamad missile when mayme voting out the party's support war on terror and that would mean seriously getting involved in a political campaign and taking actual risk but by saying we're champagne liberal wall i'm going to have a less starbucks and take this way quote unquote doing something they feel good about themselves as virtuous signaling but the political impact is a great big giant zero that is a big huge problem that the democrats refuse to allow their ideas to be challenge to challenging their ideas is considered something that they're against were they're also against a. college now as well all of the things brought in in our founding days an order

to basically prevent the tyranny of huge cities on the on the coastal cities so they're against these things and here we have kamali harris who is african-american well she's part and she's part black and if you look at the polls done on the candidates so far for the democrats and there are quite a few hillary says she might still she's open to running but african-american support is largely for joe biden and bernie sanders not for harris probably because of her house she took such joy out of incarcerating so many people in california where by the way you know it's part of this prison industrial racket her e-mails also show that she actually considered that when there was a amnesty for people who were on a short prison terms for nonviolent offenses she at her office actually complained

that this would reduce their availability of low cost labor. and by the way her office she her office. when investigating one west which steve minucci and ran they found her office said we found at least a thousand violations of federal law and state law and their mortgage originations she refused to prosecute. and won west bank so it's interesting what you're bringing up there because you're saying that in the democratic side there's an intolerance of diversity of opinion yes but yet when they go into these elections they are unable to focus on a set of issues that would give them coherence they tend to split their ideology across several different campaigns and they get lost whereas on the other side the republicans are actually more pro diverse opinion but they tend to rally around ideas that they instinctively know are winners economic ideas they're very focused on their economic ideas hillary clinton said any basically questioning of kemal

harris is sexist so you can't question the fact of why she lets the you can't question the fact of why she was concerned about letting you know essentially low cost almost later the shattering may bobs of negativism as spiro agnew called them when he was vice president under richard nixon and they simply can't get their act together because they're constantly trying to bring out moral virtue or virtue signal the other person the republicans on the other hand just instinctively know it's just about getting the votes for the electoral college votes and that makes us powerful and that's what we want and that's what'll happen again in two thousand and twenty and tends to be the arc of history exactly so they want to remove anything so the electoral college they hillary clinton failed to think about that strategize according to that and so she wants to get rid of it here she was like she ran on a campaign of i'm a woman like i'm with her you know and people rejected her economic ideas and

so they just want to remove not anybody with. an economic idea well the democrats are in secure you know they don't know what they stand for the republicans are rich they're secure they know what they stand for what we're going to take a bit of a break right now and when we come back much more coming your way i'm trying to rob the clock here so it don't go away on cars a report for you know. i've been saying the numbers mean something they matter the u.s. has over one trillion dollars in debt more than ten white collar crimes happen each did. eighty five percent of global wealth you want to be ultra rich eight point six

percent market saw a thirty percent rise last year some with four hundred to five hundred three per second per second and bitcoin rose to twenty thousand dollars. china is building a two point one billion dollar a i industrial park but don't let the numbers overwhelm. the only number you need to remember is one one doesn't show you can't afford to miss the one and only. exists is a sticker from a water bottle phone in the stomach of a fish the brand is part of the coca-cola company which sells millions of bottles of soda every day the idea was that let's tell consumers there are the bad ones there the litter bugs are throwing this away industry shouldn't be blamed for all this waste the company has long promised to reuse the plastic.

that's. a special projects funded. on the new best that is the. fun now the mountains of waste only grow higher. so what we've got to do is identify the threats that we have it's crazy going from to let it be an arms race in this spearing dramatic development the only personally i'm going to resist i don't see how that strategy will be successful very critical time time to sit down and talk.

greg. welcome back to the cause or a part time now to turn to oh my god oh my this is for real too long since we've had this gentleman and he's a voiceover artist a comedian a pod cast host a journalist author the want to only dominatrices me dominick welcome back to. thanks very much man it's been too long so you are a gold guy you're also a bit but coin guy era funny guy tell us why gold the thought about gold why is gold looking so good in twenty nine thousand dominic friends bay often the reason. is afterwards do you know what i mean you sort of go goes up and then anyone attaches a narrative to it off to it's but i say gold is pretty good at the moment fifty percent through reasons. one of them is just the fact it has been in a band market for so long as and gone anywhere and so we've had

a sort of one hundred hundred forty don't irani of something from about eleven sixty two around the thirty hundred dollars mark now and so it's just some kind of ronnie's long i've had you there's so many problems you know the stock markets look a bit jittery in the last quarter of last year and you know when you get when when she put your money at the moment and i think gold's a beneficiary of that that problem yeah i imagine that the market can sometimes think up when nobody is looking and typically that happens. quite often and that's what generates a bull market in the sort of great go to market the ended in september twentieth levante in you know i was one of these big big believers that that the u.s. dollars days were numbered and fianna money was going to collapse and all those sort of stories and i just go gold you know you sort of god it's almost like a religious belief in gold and that kind of religious anti fi at money belief is sort of going into bitcoin and because it had its kind of speculative mania last

year and it's now in this sort of ban market period of consolidation whatever you want to call it and i still am of the a mind that at some point you know gold is going to go to the moon and when i say that when i may say the moon i'm talking about you know silly numbers five thousand dollars ten thousand dollars you know so the u.s. can pay off its debt with its gold as it could in one thousand eight. when it reached that extreme i'm just i'm not quite sure this is that rally i just sort of think it's a sort of a healthy little boom market if you like gardening is the sort of the monster and game for free at money rally a imagine in there you know what the u.s. empire fading they're opposing more sanctions on more nations on their weapon izing the swift system as part of that imagine because they're more of a bull story is a bit quiet possibly as it's rising as a means of global trade to settle in what's your thought on that i was looking at

this scale ability of bitcoin. the other day and comparing it to the scale ability of national currencies and the sheer fact that you know a national currency is limited by its borders. and i've sort of come up with this idea that national currencies aren't necessarily going to collapse but in the same way that the digital economy just grew so much bigger than the analog economy and by that i mean companies like facebook and google and apple and amazon all these companies eclipsed you know wal-mart or you know netflix eclipses disney in terms of market cap and projected future growth and all that kind of thing and it's because digital is so much more scalable so for example i just need to make one app and upload that to the internet and that can be downloaded a million or a billion times but i many actually built one app where is something like you know if i invent a great car i still got all the logistical problems of building

a gazillion koch you know copies of that car and shipping them and building the factories and doing all of those things so this is scale ability with digital technology that doesn't exist in the sort of analog world and if you transfer that to bitcoin where the immense scale ability comes in is in this still huge population in the of the globe to. to three billion people almost half the world's population still that is still on banked they still do not have access to basic banking but these guys are all now getting their first smart phone i think by the it twenty twenty one sony ericsson has projected that six billion of the world's seven billion people will have a smart phone. and the way they're going to get financial inclusion bizarrely is not through their system of banking it's through the internet and through the technology in four g. and eventually five g. and bizarrely it's so much easier for these people to start participating in the

digital economy using crypto currencies and all this kind of thing than it is through traditional banking i think that's where the growth is just there's so much more scale ability in borderless currency and digital borderless internet money that that's where it's not necessarily that the dollar all the euro whatever is going to die is just these ones are just going to be so much bigger it's going to be like the comparisons between you know richard ish no you know between a facebook and have an old newspaper from the one nine hundred ninety s. right well where you say that already isn't africa. and kenya botswana and others are already late frogging and say the mobile payments and digital currency world trip across the world and that's as in the spring a great boom there in the u.s. and u.k. they haven't tranced a legacy system and they're probably last likely to go down that path too rapidly because they're protecting the old guard but the genie is out of the bottle and it

is challenged a mail system twenty seventeen was a speculative mania you know is a proper old school speculative bubble but the thing about all bubbles is there's an underlying truth to them now the big question for me is was twenty seventeen because dot com two thousand moment or was it a sort of mini speculative mania you know was it dot com in one nine hundred ninety five. something and we still got the big dot com mania to come you know that's certainly going to be a big. change gears for a second the waffen n.q. gap has soared all over the world and to make any connection what they're to figure out money if i may make that broad general statement can you comment on that i make a lot of connection between. inequality and fear money i also make a great deal of connection between inequality and our systems of tax now what

happens in ordinary work who is the person that's being left behind in this inequality thing has his labor taxed very heavily he's constantly taxed thirty forty percent of of his of of the value of his labor and the payment that he receives for his labor is not only heavily taxed by income taxes is heavily taxed by inflation in he's receiving payment in money that loses its purchasing power every year but at the same time the guy who maybe you know the super rich of the world don't rely on income for their wealth they rely on capital growth in and the asset appreciation and all these kinds of things that most of these. assets go untaxed unless you sell and so most avoid. selling where they can and even if they do sell is just a one off tax capital gains tax or they'll try and sell it in a jurisdiction where there is no capital gains tax so the taxation system itself

creates any quality and until they address the fact that we tax labor so heavily we tax income so heavily and we don't attract tax capital that inequality gap is just going to continue to grow while it is a bit of a. conspiracy in the truest sense of the word and that. the folks who are supposed to be lobbying on. baffled labor don't exist anymore banks love to get all the fees that comes with this monopoly pricing ability and people using money end up getting the short end of the stick and again big coin as you alluded to gives people a path out of this incredible injustice that is both in the money and the taxation system i want to ask you and follow up on a question i've been thinking your brain about for a number of years and that is scottish independence or at least you saw the opportunity that the more of a swiss or lichtenstein sort of powerful small economy at one point certainly with

the u.k. i guess i guess we could say is in a period of flux at the moment do you still think it's a good idea in a disastrous brags that situation or how do you what's your current thinking on this dominic. well you know i don't see eye to eye on bracks it i think rex is a fantastic opportunity for britain it was a great big vote and it showed the incompetence of our political class the inefficiencies of our political system and i think it's it's and again we're almost world leaders because i think the nation state model is dying and when the nation state dies so will their currencies die as well i appreciate what you're saying there in the gast song going to go with your point of view on this but i want to dig down a little bit entero scotland and northern ireland because in the case of scotland that they were going to maybe do a referendum are they going to revisit that i mean and do they have the potential

to be a little mini. lichtenstein and in the case of northern ireland one of the options being discussed is that they reunite with the republic of ireland as a way to get the benefits of being in a it again this would be kind of a blow to the united kingdom as such domenech the united kingdom was always a fairly artificial model and it was being a champion of what was called the anglo-saxon heptarchy which existed before were invaded by william the conqueror and so we had the kingdom of wessex we had cool the kingdom of kent the kingdom of monsieur and so on and i think we could go back to i mean if you win here in the u.k. now london it's a different world to the rest of the u.k. and it should almost just be london should separate but in the case of scotland you know they voted to remain part of the united kingdom fairly convincingly in the end i think it was was it fifty six forty four was it i can't remember the exact number

but having said that the scots were very much in favor of remaining part of the european union so if you know. the u.k. leaves the european union and scotland is presented with the opportunity to join the european union independent from the rest of the u.k. you know. there's all sorts of procedures that you would that would have to be gone through for them to be given that vote but it might be that the vote went a different way if they were presented with that option. i would certainly encourage them to leave the u.k. and stay out of the european union and i believe that small countries are infinitely more efficient and in the case of scotland you know if you look at the on a welfare capita basis around the world all the wealthiest countries are small nations whether it's hong kong or cats are all norway they will have populations four five million and they're all either financial centers or they've got oil scotland's got

you know scotland's going to choose wonderful tradition of finance i think it almost invented banking and they didn't but you know what i mean british there are a lot that slide. right we got it out but i guess take us for a start scotland and if you're solving i'm moving to glasgow thanks for being in a car as a report any time max all right well that's going to do it for this edition on the kaiser a par with me max kaiser stacy herbert like to thank our guest. a wonderful dominic frisby author of i can see the book now bitcoin the future of money that's an awesome but by the way you can get around and get a kickback of probably a bacon egg sandwich five b. of a five a i get a whole five k. which of course post brags it will be worth nothing and tell next time this is magpies are saying they are.

better the sand her hair her. hair all over and what has. i know a good armor are more trouble than they are rather rough but there are the four doors down because of that. i'm going to let them but i don't touch and then you cut them and kick and nail i don't lose each other for a trifle now that i live in the living. below the world then i'm on my machine little subtle it does. mar the. number set up around the hay from the innocent doing. good it's whole food place choice where you got the i knew where you're from and

pay i think time in syria says. british. civil. law for the name africa will fuck around with mr hates it for jim and then boy i hope that our freddie macor. one else chose seemed wrong. when old rules just don't hold. any new world beliefs yet to shape our distinctions becomes to educate and in detroit equals betrayal. when so many find themselves worlds apart we choose to look for common ground. the only i haven't is later just.

getting an error. and there's no no don't you know not. can if you could weigh out all of them ok if there. was not a master plan a little less about a day away for the last three of a garage i don't know that i'd be. the one that having. people call people. give their name now you. were the one who were slow ardea so when i last are shown in another door jane me the whole corn i go for. why do not let out on a your was so and i think just. join

me every thursday on the alex simon show and i'll be speaking to us of the world of politics sports business i'm show business i'll see you there. was. an israeli president nicolas maduro purges the world to stop donald trump's goal of regime change in an exclusive interview given to our to. take advantage of every means of communication to ask the whole world to denounce and stop the madness of don.