you know we're waiting to see what it would come out with and the j.p. morgan coin is so underwhelming and so on interesting is such a shoddy piece of technology that bitcoin immediately rallied because people are saying well that's the best that the money world can come up with then obviously a big coin is a better choice and now it's you know it's pushing higher so you know it's hard to hard to imagine a less charismatic leader of the world he makes them omar khadafi look look appealing by comparison if we can get wayne gacy and pull him out of his grave and make him the representative of the world to be more interesting than this kind of walking her piece or jamie dimon well i think your instinct at the very first when this was announced you called the coin which is like mr robots when the evil corporation that ruled the world and was basically overthrown governments and instituting coups and told the u.s. government what to do and they were battling with the chinese government and

equalling was their solution to take over the world in the series of course china is backing bitcoin rather than equal and so evil corporation finally gets their coin which is going on here j.p. morgan which has been dissing bitcoin for the past seven years maybe six years they're coming out with this j.p. m. coin which is on corum which is an enterprise level it's enterprise therion essentially so they're building it on a theory m and it's this coin which is essentially a stable coin is backed by the u.s. dollar and it's only for institutional clients it's not for their retail customers what is the game of coins you know you do these super powers vying now for supremacy in the currency markets and they were able to keep gold very cheap then became president and he declared an era of big local ization and what that comes to dollars ation and now gold is starting to hit new intern me. it highs as well

because there's no collusion there's no cooperation on the central bank level to keep gold price suppressed so gold will very quickly get back to two thousand dollars an ounce very quickly get to a new all time high because it will very quickly now surpass the old high of twenty thousand on its way to my intermediate target i've had now for more than a year of twenty eight thousand what the long term target being of course one hundred thousand and we've said that in two thousand and eleven that was our first kind of target price for it point because all feel that money is going the way of all money which is to zero no paper money is ever survived the average lifespan of paper money is twenty seven years every single one has gone to zero including the british pound if you consider the fact that it became a pure afia currency it is no longer backed by anything like gold or silver so that as night follows day all paper money becomes worthless and that's the history of the last three hundred years and gold has survived and now bitcoin is synthetic gold or new gold or gold two point zero except that it is has properties that

exceed those of gold we'll see that now starting to gobble up as this enormous black hole in the currency space all three our money will be converted into a big point the dollar the yen the shackle the draka law then when they're all going to go in to big as a force is way of his own feces holding up his equine is j.p. morgan calling them blith masters is above him with the golden shower saying no jamie don't do it don't die we need you but it's too late for those two are going the way of all garbage into the terminal. don't so i think they the notion of game of coins is good of course venezuela came out with the petro coin which is allegedly backed by oil iran's coming out with a coin which is allegedly backed by gold so there at least those nations are trying to back it by something here is just backed by the u.s. dollar which is a fee out on top of it and this is that game that many of the banks played they

started when they first started talking about bitcoin they said big queen is evil but block chain is great and they said block chain not big queen and they said that from about twenty thirteen twenty fourteen just it was blast masters member like. j.p. morgan virus over a campaign she manipulated the server market with jamie when they've took over bear stearns with a sweetheart deal arranged by the us government as part of the corruption of hank paulson and the group of seven and all those bankers who did the tarp funding and they encouraged a huge short position we said bice over across j.p. morgan then she went over started a block chain company now she's been fired she fired from j.p. morgan fired from a blocking company you know issues like the selling hot dog somewhere in the coney island j.p. jamie dimon is going to some way but as j.p. morgan continues to exist and they've come out with this j.p.n. coin and their comments about this in response to people asking about why jamie dimon is so against bitcoin well she says there's their statement says we have always believed in the potential of block chain technology and we are supportive of

crypto currencies as long as a properly controlled and regulated sounding a lot like fake toshi ultimately we believe the j.p.n. coin can yield significant benefits for block chain applications by reducing clients counterparty and settlement risk decreasing capital requirements and enabling instant value transfer and again i believe this block chain not bit coin thing will fail and it's a balancing and muslims don't just like saying we believe in paper but we're never going to write any original poetry or plays or a novel or anything interesting on it when they say we believe in the watching the block chain is just paper it's just nothing it means no. nothing to say we believe in block jane without the big point to secure the. value proposition it's meaningless andrew ross sorkin over there see him b.c. he's still so frickin stupid he has absolutely no knowledge of how does this guy. really move in case the audience hasn't seen it c m b c had a segment on j.p.

morgan coyne and ross sorkin is their lead market economist sort of commentator and he says j.p. morgan coin is great and he says it will kill big know why would you want to own bitcoin when there's j.p. morgan this isn't the site that's what its own people are going to do to the buggy whip car companies oh my god the book you would go but he's going to beat these autos to death i mean this guy is severely got his head up a shrink friend he doesn't know jack anything severely it's horrible i mean even downtown josh brown always goes to a big point conference and gets slapped around a little bit and educated i mean he's the he didn't understand it either and sadly in terms of this game of coins the i.m.f. is also announcing their ideas for how to make. at the end stage of their fear currencies and as the world is saturated with debt and therefore the bottom ninety nine point nine percent of the population is unable to spend anymore because they are literally soaking with debt and bogged down by debt and they have

student debt they have auto loan debt they have credit card debt they have health care debt they have all sorts of debt and apparently that is very disappointing to the point one percent who are very furious with us for not spending enough and not giving them more so they've introduced a new concept no it is not the idea that jim rickards has that the s.g.r. will be the new world reserve currency instead they have this idea cashing in how to make negative interest rates work many central banks reduced policy interest rates to zero during the global financial crisis to boost growth ten years later interest rates remain low in most countries while the global economy has been recovering future downturns are inevitable severe recession have historically required three to six percent points cut in policy rates if another crisis happens few countries would have that kind of room for monetary policy to get around this problem a recent i.m.f. staff study shows how central banks can set up

a system that would make deeply negative interest rates a feasible option so they say for example ration equaling they want i.m.f. actually literally proposes kohain. and if if you're if your. citizens those boss spend cash without converting it to coin first and therefore that's how you get them of negative four percent rates so that's what their plan is this is what they suggest is negative four percent rates your money is burning at four percent a year so you can't save right now we have a problem with an absence of capital the ordinary citizen barely has four hundred dollars in their parking pocket for an emergency situation and now they're telling them we're going to burn that for. at four percent a year like if you're a measly little four hundred bucks buying big coin is the same as you know the idea of passive resistance i think it's called or this at the right time where the

gandhi and martin luther king is basically boycotting their plans in their plans by gold by enlarging to the sea and making their own salt it's like sitting there you know boycotting the bus system in montgomery a passive resistance this isn't a big coins all about in the i.m.f. plan a permanent negative interest rates this is consumption at the point of a gun this is beyond even the worst kind of nightmare imagined by dictators and potentates of the past ever imagine this type of consumption at the end of a gun model of negative interest rates where unless you put yourself deeper into debt we pull the trigger we put you into the president dust or a complex economic sovereignty is part and parcel with kind of the idea of national identity here in the united states we have the constitution it's deeply unconstitutional and therefore. buying because it becomes an act of patriotism

in a world gone and becomes a national survival of course when cash is available they write cutting rates significantly into negative territory becomes impossible so they're telling you you having cash and gold is the ultimate cash throughout history because is the hardest cash of all you having that makes their nefarious plans impossible and even look at the fact that when we covered greece and somebody like yanis varoufakis who came on our show and he proposed an idea of their own dual currency i.e. they have the euro for the euro sort of stuff but domestically they have their own drachma and they can. you know basically bring capital to their economy which was being sucked out on the other end from all the private equity but here they're saying remember the i.m.f. was totally against that. and they got slammed for saying that but here the i.m.f. is suggesting that they these larger organizational bodies around the world they can introduce an equine and you have to your citizens can use cash if they want to

because of domestic concerns but the fact is we're going to we're going to take a four percent cut annually this is senora it's terrorism you know it's the worst terrorism in the world it makes you know she heidi is like jamie diamond look like mother teresa and i've got to take a short break and when we come back much more coming your way. as far right parties obsess about the danger is them presents to the western lifestyle some islamic scholars are concerned about the opposite of the no advantage on argues that good muslims don't step up their game within the next twenty to forty years may vanish from europe are those fears really just defined.

from the muslim people by its own keep the salaam view force new focus on the stuff you still. want. to see in the film was not budged from the last word nobody. really believe. you. can hear and then. no one. it. it. just so.

please. welcome back to the kaiser report on my cousin oh boy history in the making oh my gosh it's what so max this is history in the making for kaiser report we were the first global financial news program to cover a big quaint back in two thousand and eleven when it was in the past week so this is a historic moment in the next layer this is the beginning of the second layer of big coin this is when all of the advanced sort of financial instruments and in the next

stage of bitcoin we have j.p. morgan queen coming out this past week we have equaling being proposed by the i.m.f. they're trying to distract from the beauty that is big queen from the beauty that is the lightning network and we were handed the torch and the hash tag l. and trust chain i asked hotel not who started this to give us a quote about why he started this and what it means to him and he said that the lightning network gives us instant permission less censorship resistance and global payments with very close to zero fees when i started that l. and trust chain it was because i wanted to have some fun with this amazing new technology and maybe make some people try it out for the first time i never expected the torch to turn into this something i feel has become a symbol of economic free speech and the strength and global nature of the big you know and the government of spain recently said the coin is not fit for transfer

payments right so they know they're talking about either and they say layer two better than visa better than mastercard and all the scaling that we were talking about for the last five or six years is now coming to fruition all the people who jumped the gun and said it's not scaling fast enough we're going to fork like roger very with that going or toshi as his all his mental breakdown recently is continuously nervous breakdown is not proposed to the actual reality of it going. scaling brilliantly and of softening censorship resistance you know that's the case specially for journalists out there in the world who are being censored and those who are looking individual sovereign say also need such an automaton and that's why when i handed the torch off to melt i'm delirious of queen chairs who also wears a helmet on their their their little logo so i want to also look at this art we can do it so these are the women of the torch where receive the torch there i am on the right there's

a lean over and over of so toshi lab's who is now at casa she handed us the torch there's a list of a stark of lightning labs who created you know who's behind engineering like lightning that work there's melting do mirrors and there is john from a bit refill somatics aren't you know and so inclusive us and it's all happening so let's turn to the night we received the torch it happened very late at night and we're going to be receiving the torch this exciting. part of history. you know going to torch going right now where we're going to the concert. gray so there's the transaction receiving late new payment. four point zero three three four. hundred and one thousand not onerous we speak. to the actual node that we're sharing. if you open it direct you know with us alina cho. so

here it is and she's got point three three which is the torch handed to her. then we've got point zero three one seven on our side i learned that i didn't actually need to put that there but is there and maybe to send awesome let's get it chairing and i have it i'm going to go over to here. and tell her. you know that i'm ready ok ok. or anywhere anywhere on line where i live and she's saying yes let's see what happens i don't know you know your everybody is already with us. you know it's like so much is happening and lightning and with big client and big calling nodes and cars and. because he's being sent this outer space into satellites and lightning

that is spreading all over the galaxy and this is the current state of things whereas jamie diamond is just catching up to block in the ten years finally they catch up to where we were ten years ago nerdy light years ahead. literally like nine years ahead. where is where is it. i can be doing this all completely wrong these are the rescues that you know give you rock of the right who knows you know when you're forging a path into the future it's like wow who knows she was now on where we cording yes yes yes recording we are recording we are recording yes yes we are we're doing it yes exploration boy yes we are always recording we're always on twenty four hour seven you know this is the masses these you guys report shall never ends never stops just keep going. non and galaxy.

ok still says receiving obviously has not arrived he has lightning payments our instantaneous. torch looks like and zeros and ones you can say. yeah. yeah that's it if they could say that but i think a lot of star probably just threw up a little bit in the back of your throat. but that's ok. everybody gathered this fall apart all springs on the. bench of the sultan was privately launched a group does brings last year and now it's like coming to fruition for input as such oshie run have going to get the senior citizens from our friends and we can say oh you're a dolphin how many astley get there in the course of the years from fifty thousand of these various hats they're all dolphin hope morass of scripture that i have to

church from dot com ok ok oh my god now now she's got it she's she says she has to tweet it first so we're going to go to elaina's to toe she's. so to shape the universe no growth or enough ok she's going to tweet it out we're taking the hash tag that ellen trust cheney you know because this is all about. trust you know they're all the balancing incentives of big quiting is not only do you rely on greed but you also rely on trust so we're having to trust where the community is trusting that you and i want to take that hundred twenty dollars and run off to mexico we're actually going to pass it on to the next torch holder. we don't want to be like the network shamed we know so you have passed it on to the

next the next all around me kind of thing the torch i feel so reckless now you yeah there's like you know muhammad ali they gave the torch for the olympics i think those are the latter well you know was that nineteen ninety six for me when us. back in what do you think of that hash tag reckless stuff that's brilliant i find you more about you know a little bit more to say where did that come from of course from hell is the star who is bottle xing all the block stream sorts who are like sending lightning straight away while it was still. reckless use like you're going to lose either way . now everybody says they're reckless certainly reckless i remember that you know there was some history by states and with that i think it was a pizza and sues like not really well it was a t. shirt money too sure it was a t. shirt from black saturn five rocket and i'm lost now and i think it was samsung mouse at that he would cover that ten dollar cost. if they lost ten dollars yeah

skin is big. right i say ok let's see if she's. ok get it fixed that les were right there for you in the cycle of the macy's day parade in the sun crewing from the home you know float to all float by shares and tweeted yet. says you know it's like midnight here or i are the lighting there were parades and snacks and seriously for cars a report of just waiting for the mickey mouse along but now it's gone off why yes that's why. well i wife i think that i know is the casa node does actually don't use it for a few moments it does that so i get jeremy on the phone but i have compliant now before they're ready or call customer service right now this is this is from now acceptable i mean jamie don we can do better than this you know again we have to find jamie diamond now we just figured out that those who think of the currency and

he's he's lost jamie going. the evil force on the dark army we all saw that and wrote mr robot and wife. diane it is a valid right mr robot right now you have a combination of mr robot abdel yes yeah slick willie of science back with your hat on really yes that you just look like a weirdo that this is you look at. it is a. this is mr robot this thomas e. kong. i'm going to remember who i am i think dialing the phone who's at the door now is this is i have translating i enjoyed taking the language of their. children following me or. has really bad act there's nothing like las thank you thank you. six hours to where is

where are you. turn. right welcome cookies oh i received it i know my dad. that i owe our i was told this first second yet you have all the camera data don't put your finger in from the red no ok and give it. to me ok l. and trust chain received this is i thank you alina toshi. ok that's cursing. now we're going to send it either goes to melt dear or francis julio oh well i mean that's right depending on whether france not to ms available or francis because you know you can't wait with a slightly people get really angry. within

a few seconds yeah well i mean if you can be in the canada you know to see of france of course that begs the question who's going to understand the go really the big question is well this is hash tag el and trust chain and we have it now yeah and pass the torch on a good hearted keep it going to sit on for twenty one days we're going to call the boss and we're going to torture hostage until you let me sorry we've got to oh you mustn't do torrents you know. right now it in taken hostage but it was an historic moment one small step for living that works one huge enormous leap for bitcoin and the adoption of globally around the world. and that's going to it for this edition of the kaiser report with me max hazare and stays there and i thank our guests had a lot sort of if you want to catch us on twitter it's kaiser report until i sign.

in twenty four to you know bloody revolution to the demonstrations going from being relatively peaceful political protests to be creasing the violent revolution is always spontaneous or is it you know we're here but i mean your list put me in the . school in the middle of the former ukrainian president recalls the events of twenty four. those who took. part in this to do over five billion dollars to assist ukraine in these enough to ensure a secure and prosperous and democratic. i thought it would be disloyal who will accept the idea of course this would be ocean without by this the united states on the border the six this of it was there was

about as it's covered that we are going to be slipping i underline is slipping and go once. i underline which means that we will be living in it do you find one this did situation before it is light or will find itself now you go to your wish i was the north korea book i think i was there. after the previous stage of my career was over everyone wondered what i was going to do next the multiple different clubs on one hands. it is logical to sort of go home fields where everything is familiar on the other i wanted a new challenge and a fresh perspective i'm used to surprising people and us old one also if you think . i'm going to talk about football nazi or else you can think i was going to go.

by the way what is that that's live here. on. the list and. i'm just not up to sit. with my. colleagues so there was a build up. in the human mind and efficient but then i. looked them up on the foot of the little guy. almost out of the modern i don't want to worry about. how much is it really going to work and yet one of the our. mr need to . go in. on it they shuffle stem in with us

on the wall and you'll get a little warmth and you know what. a wobble. this idol of the. diplomatic relations with.

more than eleven thousand.